International Association Of Heat & Frost Insulators & Allied Workers
- Assets
- $35.0m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 24
- Location
- Lanham, MD
- Founding
- 11/1940
- Data as of
- 12/2021
- EIN
- 53-0088300
Organization Overview
International Association Of Heat & Frost Insulators & Allied Workers is located in Lanham, MD. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, International Association Of Heat & Frost Insulators & Allied Workers employed 24 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. International Association Of Heat & Frost Insulators & Allied Workers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, International Association Of Heat & Frost Insulators & Allied Workers generated $13.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $9.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S EXEMPT PURPOSE IS TO IMPROVE WORKING CONDITIONS AND LABOR RELATIONS FOR THE SKILLED WORKERS OF THIS TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS EXEMPT PURPOSE IS TO IMPROVE WORKING CONDITIONS AND LABOR
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Revard President | Officer | 40 | $411,405 |
Douglas Gamble Treasurer | Officer | 40 | $341,250 |
Wade Logan Int'l Vice Pres | Officer | 40 | $217,257 |
Paul Faulker Int'l Vice Pres | Officer | 40 | $213,576 |
Mark Selby Int'l Vice Pres | Officer | 40 | $203,330 |
Leo Damaris Int'l Vice Pres | Officer | 40 | $201,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paradigm Technology Software/it | 12/30/21 | $330,327 |
Bma Media Group Graphic Design/web Support | 12/30/21 | $240,462 |
Kelly Press Inc Printing & Meeting/convention Svc | 12/30/21 | $157,292 |
Sherman Dunn Cohen Leifer & Yellig P Attorneys | 12/30/21 | $108,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,220,396 |
| Investment income | $506,184 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,914 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $231,406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,013,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,350 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $48,301 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,205,652 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,679,521 |
| Pension plan accruals and contributions | $207,058 |
| Other employee benefits | $1,090,758 |
| Payroll taxes | $214,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $129,407 |
| Fees for services: Accounting | $69,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $168,945 |
| Fees for services: Other | $14,272 |
| Advertising and promotion | $0 |
| Office expenses | $244,565 |
| Information technology | $485,185 |
| Royalties | $0 |
| Occupancy | $20,973 |
| Travel | $283,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $345,492 |
| Depreciation, depletion, and amortization | $120,205 |
| Insurance | $115,848 |
| All other expenses | $0 |
| Total functional expenses | $9,127,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,000 |
| Savings and temporary cash investments | $6,173,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,464,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $189,914 |
| Net Land, buildings, and equipment | $819,770 |
| Investments—publicly traded securities | $26,124,711 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,957 |
| Total assets | $35,032,543 |
| Accounts payable and accrued expenses | $126,128 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,586,286 |
| Total liabilities | $1,712,414 |
| Net assets without donor restrictions | $33,320,129 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,032,543 |
Grants Awarded
Over the last fiscal year, International Association Of Heat & Frost Insulators & Allied Workers has awarded $61,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Triangle, VA PURPOSE: SUPPORT | $21,250 |
Rye Brook, NY PURPOSE: SUPPORT | $20,000 |
Washington, DC PURPOSE: SUPPORT | $10,000 |
New York, NY PURPOSE: SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Association Of Heat & Frost Insulators & Allied Workers has recieved totaling $52,531.
| Awarding Organization | Amount |
|---|---|
Philadelphia Works Inc Philadelphia, PA PURPOSE: JOB-TRAINING | $52,531 |