Ammonia Refrigeration Foundation
- Assets
- $4.1m
- Revenue
- $424.1k
- Investments
- $39.6k
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 02/2008
- Data as of
- 06/2023
- EIN
- 20-8044425
Organization Overview
Ammonia Refrigeration Foundation is located in Alexandria, VA. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Ammonia Refrigeration Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Ammonia Refrigeration Foundation generated $424.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $167.5k during the year ending 06/2023. 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
THE NATURAL REFRIGERATION FOUNDATION PROMOTES THE CLIMATE-POSITIVE, SAFE, RELIABLE, AND EFFICIENT USE OF THE MOST EARTH-FRIENDLY NATURAL REFRIGERANTS THROUGH RESEARCH AND SCHOLARSHIPS TO DEVELOP INDUSTRY TALENT, ACADEMIC ALLIANCES, AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATURAL REFRIGERATION FOUNDATION SCHOLARSHIP PROGRAM IS DESIGNED TO ENCOURAGE AND ASSIST EDUCATION THROUGH GRANTING SCHOLARSHIPS AT THE UNDERGRADUATE LEVEL. THE PROGRAM ALSO SERVES THE PUBLIC INTEREST BY AIDING THE EDUCATION OF MEN AND WOMEN TO BECOME QUALIFIED ENGINEERS. THE SCHOLARSHIP PROGRAM PROVIDES INDIVIDUALS, FOUNDATIONS, TRUSTS AND CORPORATIONS AN OPPORTUNITY TO ASSIST HIGH-ACHIEVING STUDENTS IN ENGINEERING EDUCATION THROUGH CONTRIBUTIONS, GRANTS, BEQUESTS AND OTHER LEGAL MEANS.
THE NRF PARTICIPATES IN THE ANNUAL IIAR CONFERENCE IN THE FOLLOWING WAYS. FIRST THE FOUNDATION OPERATES THREE TOURNAMENTS, GOLF, CORN-HOLE, AND PICKLEBALL, FOLLOWED BY AN NRF VIP RECEPTION. THESE EVENTS ACT AS BOTH A FUNDRAISER FOR THE NRF AS WELL AS A THANK YOU FOR ALL THOSE WHO CONTRIBUTE. SECONDLY THE NRF HOSTS ALL ITS COLLEGE SCHOLARSHIP RECIPIENTS AND PAYS FOR THEIR TRAVEL, LIVING AND ATTENDANCE. AT THE CONFERENCE THESE SCHOLARS ARE PROVIDED WITH DETAILS ABOUT THE NATURAL REFRIGERANT INDUSTRY, EXPOSED TO ALL ASPECTS OF THE INDUSTRY, ABLE TO MEET AND NETWORK WITH INDUSTRY EXPERTS, AND ABLE TO ATTEND ALL THE AVAILABLE TRAINING AND TECHNICAL SESSIONS. DURING THE CONFERENCE, NRF FUNDED RESEARCH PROJECTS ARE PRESENTED THROUGH TECHNICAL PRESENTATIONS INCLUDING THE PURPOSE OF THE PROJECT, THE PROJECT RESULTS, AND HOW THOSE RESULTS WILL BENEFIT THE NATURAL REFRIGERANT INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Schrift Iiar President | Officer | 2 | $0 |
Trevor Hegg Chair | OfficerTrustee | 2 | $0 |
Eric Johnston Immediate Past Chair | OfficerTrustee | 2 | $0 |
Dave Malinauskas Secretary | OfficerTrustee | 2 | $0 |
Quinn Vo Treasurer | OfficerTrustee | 2 | $0 |
Don Fetzer Director-At-Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,295 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $272,221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,516 |
| Total Program Service Revenue | $0 |
| Investment income | $98,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,956 |
| Net Income from Fundraising Events | $46,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,161 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,044 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,900 |
| Office expenses | $1,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,379 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $167,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,183 |
| Savings and temporary cash investments | $314,197 |
| Pledges and grants receivable | $455,000 |
| Accounts receivable, net | $16,150 |
| 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 | $2,979,390 |
| Investments—other securities | $39,583 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,886 |
| Total assets | $4,083,389 |
| Accounts payable and accrued expenses | $8,413 |
| 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 | $43,879 |
| Total liabilities | $52,292 |
| Net assets without donor restrictions | $3,514,774 |
| Net assets with donor restrictions | $516,323 |
| 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 | $4,083,389 |
Grants Awarded
Over the last fiscal year, Ammonia Refrigeration Foundation has awarded $85,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GEXCON US INC PURPOSE: IIAR AMMONIA CFD STUDY | $60,000 |
CHILL ON LLC PURPOSE: ESTIMATING AMMONIA RELEASE RESEARCH PROJECT | $25,000 |