Institute Of Heating & Air Conditioning Industries Inc

Organization Overview

Institute Of Heating & Air Conditioning Industries Inc is located in Glendale, CA. The organization was established in 1958. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Heating & Air Conditioning Industries Inc 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, Institute Of Heating & Air Conditioning Industries Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ANNUAL TRADE SHOW AND DEDICATION TO THE EDUCATION, PROMOTION, AND GROWTH OF THE HVAC INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PUBLICATION: "INDOOR COMFORT NEWS": MONTHLY MAGAZINE WITH ARTICLES OF INTEREST TO ARCHITECTS, CONTRACTORS & OTHERS IN THE HEATING, VENTILATING & AIR CONDITIONING INDUSTRIES


TRADE SHOW: SPONSOR ANNUAL TRADE SHOW IN SOUTHERN CALIFORNIA AT WHICH ORGANIZATIONS RANGING FROM THE EPA TO MANUFACTURERS CAN DEMONSTRATE NEW PRODUCTS AND SHOW EQUIPMENT


EDUCATION: OFFERS EDUCATIONAL AND LICENSING PROGRAMS. AMONG OTHERS IS ON THAT MEETS THE STATE REGULATION THAT ALL PROFESSIONALS WORKING WITH REFRIGERATORS BE CERTIFIED.


MEMBERSHIPS: OVER 700 MEMBERS INCLUDE CONTRACTORS, MANUFACTURERS, DISTRIBUTORS AND UTILITY COMPANIES. MEMBERS MAY TAKE ADVANTAGE OF ADVISORY CONSULTANTS AND EDUCATION PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Ari Man-Son-Hing
Former Employee
$108,652
Carlos Ruiz
Executive Vice President
$82,525
Dean Gilford
Secretary/treasurer
$0
Mark Ramirez
President
$0
Steve Adams
Director
$0
Jim Batts
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$130,008
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$130,008
Total Program Service Revenue$1,541,922
Investment income $148,565
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $259,280
Net Income from Fundraising Events $2,269
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,082,044

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