Polyisocyanurate Insulation Manufacturers Association Inc
- Assets
- $1.3m
- Revenue
- $2.1m
- Investments
- $209.1k
- Employees
- 4
- Location
- Arlington, VA
- Founding
- 05/1987
- Data as of
- 12/2023
- EIN
- 36-3496559
Organization Overview
Polyisocyanurate Insulation Manufacturers Association Inc is located in Arlington, VA. The organization was established in 1987. 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, Polyisocyanurate Insulation Manufacturers Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polyisocyanurate Insulation Manufacturers Association 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 12/2023, Polyisocyanurate Insulation Manufacturers Association Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PIMA IS THE VOICE OF THE RIGID POLYISO INDUSTRY AND A PROACTIVE ADVOCATE FOR SAFE, COST-EFFECTIVE, SUSTAINABLE, AND ENERGY-EFFICIENT CONSTRUCTION. PIMA PROMOTES THE POLYISO INDUSTRY THROUGH ADVOCACY, EDUCATION, AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE USE OF LAMINATED POLYISO FOAM INSULATION IN RESIDENTIAL AND COMMERCIAL CONSTRUCTION. TO PROVIDE EDUCATION OF THE ENVIRONMENTAL, ECONOMIC AND NATIONAL SECURITY BENEFITS OF ENERGY CONSERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Fantin Board Member | Trustee | 1 | $0 |
Paul Coleman Board Member | Trustee | 1 | $0 |
Chad Buhrman Chairman | OfficerTrustee | 1 | $0 |
Jf Cote Board Member | Trustee | 1 | $0 |
Rachel Demaio Board Member | Trustee | 1 | $0 |
Bob Ferree Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brandner Communications Inc Public Relations And Communications | 12/30/23 | $223,701 |
Jeff Mang Consulting Regulatory And Legislative Advisory Serv | 12/30/23 | $157,057 |
R&d Services Technical And Product Testing Services | 12/30/23 | $140,500 |
White And Case Llp Legal Fees And Regulatory Activies For Q | 12/30/23 | $110,365 |
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 | $2,024,968 |
| Investment income | $18,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,071,836 |
| 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. | $271,172 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,037 |
| Pension plan accruals and contributions | $23,468 |
| Other employee benefits | $45,619 |
| Payroll taxes | $43,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,995 |
| Fees for services: Accounting | $25,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,133 |
| Advertising and promotion | $86,555 |
| Office expenses | $8,833 |
| Information technology | $15,539 |
| Royalties | $0 |
| Occupancy | $32,578 |
| Travel | $50,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $154,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,124 |
| Insurance | $7,492 |
| All other expenses | $245,340 |
| Total functional expenses | $2,117,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,883 |
| Savings and temporary cash investments | $506,005 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,175 |
| 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 | $52,616 |
| Net Land, buildings, and equipment | $1,814 |
| Investments—publicly traded securities | $216,665 |
| Investments—other securities | $209,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,673 |
| Total assets | $1,256,919 |
| Accounts payable and accrued expenses | $145,709 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $29,473 |
| Total liabilities | $215,182 |
| Net assets without donor restrictions | $1,041,737 |
| 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 | $1,256,919 |