Refrigerating Engineers & Technicians Association
- Assets
- $4.2m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Albany, OR
- Founding
- 12/1968
- Data as of
- 12/2021
- EIN
- 95-2247299
Organization Overview
Refrigerating Engineers & Technicians Association is located in Albany, OR. The organization was established in 1968. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Refrigerating Engineers & Technicians Association employed 13 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Refrigerating Engineers & Technicians 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 12/2021, Refrigerating Engineers & Technicians Association generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO ENHANCE THE PROFESSIONAL DEVELOPMENT OF INDUSTRIAL REFRIGERATION OPERATING AND TECHNICAL ENGINEERS. THIS IS ACCOMPLISHED THROUGH EDUCATION, CERTIFICATION, REGIONAL SEMINARS, AND NATIONAL CONFERENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE FEATURES TECHNICAL PRESENTATION AND PREMIER EQUIPMENT SHOWCASES. THE 2021 CONFERENCE HAD 641 ATTENDEES.
WEB TRAINING AND CERTIFICATION ESTABLISHES THAT AN INDIVIDUAL HAS MET RETA'S EXPERIENCE, EDUCATION, SKILL LEVEL AND TEST REQUIREMENTS.
PUBLICATION SALES- SALES OF BOOKS AND MERCHANDISE TO MEMBERS AND NONMEMBERS PERTAINING TO REFRIGERATION AND TECHNOLOGY.
BREEZE NEWSLETTER, TECHNICAL REPORT, AND PIPELINE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Barron Executive Di | Officer | 40 | $166,665 |
Aer Teale Chairman | OfficerTrustee | 2 | $0 |
Dave Gulcynski Second V.P. | OfficerTrustee | 2 | $0 |
Keith Harper President | OfficerTrustee | 2 | $0 |
Bengie Branham Executive V. | OfficerTrustee | 2 | $0 |
Vern Sanderson Past Chairma | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,665,288 |
| Investment income | $1,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,584 |
| Net Gain/Loss on Asset Sales | -$15,111 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $317,790 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,984,276 |
| 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. | $190,962 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,173 |
| Pension plan accruals and contributions | $11,079 |
| Other employee benefits | $122,635 |
| Payroll taxes | $60,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,438 |
| Fees for services: Accounting | $25,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,848 |
| Advertising and promotion | $53,647 |
| Office expenses | $90,697 |
| Information technology | $41,159 |
| Royalties | $0 |
| Occupancy | $42,527 |
| Travel | $78,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $22,269 |
| Conferences, conventions, and meetings | $104,499 |
| Interest | $18,866 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,565 |
| Insurance | $14,400 |
| All other expenses | $196,278 |
| Total functional expenses | $2,425,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,447,172 |
| Savings and temporary cash investments | $1,347,744 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,120 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $526 |
| Prepaid expenses and deferred charges | $27,885 |
| Net Land, buildings, and equipment | $1,227,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,184 |
| Other assets | $0 |
| Total assets | $4,151,388 |
| Accounts payable and accrued expenses | $85,927 |
| Grants payable | $0 |
| Deferred revenue | $508,617 |
| 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 | $547,421 |
| Unsecured mortgages and notes payable | $188,865 |
| Other liabilities | $0 |
| Total liabilities | $1,330,830 |
| Net assets without donor restrictions | $2,779,107 |
| Net assets with donor restrictions | $41,451 |
| 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 | $4,151,388 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Refrigerating Engineers & Technicians Association has recieved totaling $236,946.
| Awarding Organization | Amount |
|---|---|
National Transportation Center Foundation Inc Indianapolis, IN PURPOSE: TO SET UP THE PRESTON HARRISION SCHOLARSHIP FUND AT THE RETA TRAINING INSTITUTE | $225,000 |
North Central Texas Trauma Regional Advisory Council Inc Arlington, TX PURPOSE: GENERAL SUPPORT | $11,946 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Council On Systems Engineering San Diego, CA | $6,608,668 | $3,104,042 |
Refrigerating Engineers & Technicians Association Albany, OR | $4,151,388 | $2,984,276 |
Construction Industry Force Account Council Fairfield, CA | $1,850,374 | $1,630,905 |
Construction Industry Drug Free Workplace Trust Portland, OR | $2,168,480 | $1,203,523 |
Engineering Contractors Association Anaheim, CA | $530,233 | $869,723 |
Operating Engineers Contract Administration Alameda, CA | $283,338 | $836,831 |
Tri-City Construction Council Inc Kennewick, WA | $3,935,252 | $884,105 |
American Council Of Engineering Companies Of Washington University Place, WA | $740,304 | $825,780 |
Reservoir Engineering Research Institute Palo Alto, CA | $231,876 | $777,935 |
American Council Of Engineering Companies Of Oregon Portland, OR | $493,091 | $606,858 |
Association Of Construction Employers Walnut Creek, CA | $857,059 | $691,658 |
California Geotechnical Engineers Association Newport Beach, CA | $513,650 | $539,947 |