Industrial Insulation Contractors Association Of Southern New York
- Assets
- $297.5k
- Revenue
- $48.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Melville, NY
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 27-1485253
Organization Overview
Industrial Insulation Contractors Association Of Southern New York is located in Melville, NY. The organization was established in 2017. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industrial Insulation Contractors Association Of Southern New York 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, Industrial Insulation Contractors Association Of Southern New York generated $48.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $22.4k during the year ending 12/2021. 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 PARTICULAR BUSINESS AND OBJECTIVES OF THE ASSOCIATION SHALL BE: I TO PROVIDE A MEANS WHEREBY PERSONS ENGAGED IN THE INDUSTRIES OF A FURNISHING AND APPLYING INSULATION TO PIPING , APPARATUS, AND DUCTS IN CONNECTION WITH HEATING, PLUMBING,AIR CONDITIONING, AND REFRIGERATION SYSTEMS, AND TO STEAM GENERATING AND INDUSTRIAL PROCESSING EQUIPMENT, B SEALING OF THROUGH PENETRATIONS, OPENINGS, AND GAPS IN RATED WALLS AND FLOORS, INCLUDING SLAB-EDGES TO PREVENT THE PASSAGE OF FIRE, SMOKE, OR OTHER GASSES, MAY MEET, FRATERNIZE AND EXCHANGE IDEAS IN RELATION TO SAID INDUSTRIES THE INDUSTRIES DESCRIBED IN A AND B ARE REFERRED TO HEREIN COLLECTIVELY AS THE INDUSTRIES II TO DEVELOP AND FOSTER FAIR DEALINGS AND PRACTICES AND A HIGH STSNDARD OF BUSINESS ETHICS AMONG THOSE ENGAGED IN THE BUSINESS, SO THAT MEMBERSHIP IN THE ASSOCIATION WILL BE A REASONABLE ASSURANCE TO THE PUBLIC OF THE SKILL, INTERGRITY, AND RESPONSIBILITIES OF ITS MEMBERS, AND THE PUBIC WILL REGARD MEMBERS OF THE ASSOCIATION AS CON
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ORGANIZE AND ENGAGE IN SUCH ACTIVITIES AS RESEARCH, AND PUBLIC EDUCATION FOR THE BENEFIT OF ITS MEMBERS TO SECURE AND DISSEMINATE TO MEMBERS SPECIALIZED INFORMATION NECESSARY TO THE EFFICIENCY OPERATION OF THE BUSINESSES OF THE MEMBERS AND TO ENGAGE IN COLLECTIVE BARGAINING WITH ORGANIZED LABOR IN ORDER TO ELIMINATE WORK STOPPAGES AND TO PROMOTE HARMONIOUS RELATIONS BETWEEN THE MEMBERS OF THE ASSOCIATION AND THEIR RESPECTIVE EMPLOYEES AND TO ADJUST SUCH DIFFERENCES AS THEY MAY ARISE BETWEEN THEM FROM TIME TO TIME BY AMICABLE ACTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Donnely Jr Vice President | Officer | 5 | $0 |
David Kim President | Officer | 5 | $0 |
Brian Aull Treasurer | Officer | 5 | $0 |
Joseph Leo Jr Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,156 |
| 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 | $38,156 |
| Total Program Service Revenue | $0 |
| Investment income | $8,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,845 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,173 |
| 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. | $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 | $14,497 |
| Fees for services: Legal | $3,182 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,527 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $788 |
| All other expenses | $0 |
| Total functional expenses | $22,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,037 |
| 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 | $1,471 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $297,510 |
| 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 | $0 |
| 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 | $297,510 |
| Total liabilities and net assets/fund balances | $297,510 |
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