International Ground Source Heat Pump Association
- Assets
- $358.2k
- Revenue
- $720.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Springfield, IL
- Founding
- Data as of
- 12/2023
- EIN
- 85-3555399
Organization Overview
International Ground Source Heat Pump Association is located in Springfield, IL. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, International Ground Source Heat Pump Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Ground Source Heat Pump Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, International Ground Source Heat Pump Association generated $720.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 52.8% each year . All expenses for the organization totaled $755.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IGSHPA OFFERS INDUSTRY REQUIRED TRAINING TO INSTALL GROUND SOURCE HEAT PUMPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRY TRAINING AND CERTIFICATION IS OUR MOST IMPORTANT ACTIVITY AND MAKES UP APPROXIMATELY 33% OF OUR WORK. CERTIFICATIONS ARE SECURED BY A PASSING RATE ON A TEST, OR THE MORE TECHNICAL CERTIFICATIONS REQUIRE SUBMISSION OF RELEVANT INDUSTRY PARTICIPATION AS WELL AS EDUCATION, WHICH IS THEN REVIEWED BY A BOARD OF PEERS. THESE CERTIFICATIONS OFFER A BASELINE FOR QUALITY OF INSTALLATION THAT HELPS TO REINFORCE PROPER INSTALLATIONS, REDUCING FAULTY INSTALLATIONS THAT CAN RESULT IN CUSTOMER DISSATISFACTION AND POSSIBLE RISK TO HEALTH AND SAFETY.
TO PROMOTE A SUSTAINABLE AND DECARBONIZED FUTURE ACROSS THE GLOBE THROUGH THE ADOPTION OF GEOTHERMAL AS THE CLEANEST, MOST EFFICIENT HEATING AND COOLING TECHNOLOGY. THIS ACTIVITY HAS AND WILL ALWAYS CONTINUE TO BE THE PRIMARY PURPOSE OF IGSHPA. PROMOTING INDUSTRY NEWS, RESEARCH AND EVENTS THROUGH MONTHLY NEWSLETTERS AND VIRTUAL TOWN HALLS, DISTRIBUTION OF EDUCATIONAL MATERIALS, AND INDUSTRY EVENTS, SUCH AS OUR ANNUAL CONFERENCE. MEMBERSHIP HAS BEEN ABOUT 33% OF OUR WORK.
THE ANNUAL GENERAL MEETING, ANNUAL CONFERENCE WITH WORKSHOPS FOR MEMBER PARTICIPATION, BOD ELECTIONS. CONFERENCE HAS BEEN ABOUT 33% OF OUR WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kourtney Lull Director | Trustee | 1 | $0 |
Brian Urlaub Vice Chairperson | OfficerTrustee | 1 | $0 |
Tyler Harbeck Treasurer | OfficerTrustee | 1 | $0 |
Jack Dienna Chairperson | OfficerTrustee | 1 | $0 |
Ryan Carda Secretary | OfficerTrustee | 1 | $0 |
Boyd Lee Director | Trustee | 1 | $0 |
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 | $64,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,492 |
| Total Program Service Revenue | $628,166 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,514 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $720,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,582 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,650 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,000 |
| Office expenses | $30,422 |
| Information technology | $6,799 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,042 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $755,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $358,168 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $358,168 |
| 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 | $358,168 |