International Association Of Heat & Frost Insulators & Allied Workers
- Assets
- $4.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Saint Paul, MN
- Founding
- 11/1940
- Data as of
- 12/2022
- EIN
- 41-1583921
Organization Overview
International Association Of Heat & Frost Insulators & Allied Workers is located in Saint Paul, MN. The organization was established in 1940. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, International Association Of Heat & Frost Insulators & Allied Workers employed 18 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Association Of Heat & Frost Insulators & Allied Workers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, International Association Of Heat & Frost Insulators & Allied Workers generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES OF THE ORGANIZATION ARE TO DEFEND BY ALL LEGAL AND HONORABLE MEANS THE RIGHTS OF ITS MEMBERSHIP, TO ADVANCE THEIR INTERESTS AS WORKERS, TO DEVELOP OPPORTUNITIES FOR EMPLOYMENT IN THE TRADE, AND BY EDUCATION AND COOPERATION TO RAISE THEM TO A POSITION IN SOCIETY THAT THEY ARE JUSTLY ENTITLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY EXEMPT FUNCTION IS TO GIVE ASSISTANCE TO AND DISTRIBUTION OF JOB RELATED INFORMATION AND EDUCATION TO MEMBERS WITHIN THEIR TRADE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel R Schultz Fmr Business | Officer | 55 | $154,240 |
Albert A Byers III Business Man | Officer | 55 | $139,375 |
Pedro Verdeja Fmr Ba/cor & | Officer | 50 | $135,133 |
Joel Myhr President/of | Officer | 40 | $107,869 |
William Meyer Bus Agent/fi | Officer | 50 | $60,800 |
Angela Sheehan Ba/cor. & Re | Officer | 50 | $4,716 |
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 | $2,541,528 |
| Investment income | -$398,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,165,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,450 |
| 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. | $609,265 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,916 |
| Pension plan accruals and contributions | $132,363 |
| Other employee benefits | $369,970 |
| Payroll taxes | $56,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,339 |
| Fees for services: Accounting | $14,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $149,323 |
| Office expenses | $132,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $379,238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $168,511 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,901 |
| Insurance | $31,776 |
| All other expenses | $37,914 |
| Total functional expenses | $3,344,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $481,163 |
| 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 | $0 |
| Net Land, buildings, and equipment | $226,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,846,667 |
| Total assets | $4,554,058 |
| Accounts payable and accrued expenses | $7,593 |
| 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 | $7,593 |
| Net assets without donor restrictions | $4,290,238 |
| Net assets with donor restrictions | $256,227 |
| 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 | $4,554,058 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Union Of Operating Engineers Minneapolis, MN | $24,562,358 | $20,752,936 |
Minnesota Teamsters Construction Division Fringe Benefit Funds Mendota Heights, MN | $30,866,404 | $23,683,343 |
Minnesota Nurses Association St Paul, MN | $18,618,225 | $17,502,340 |
National Pork Producers Council Des Moines, IA | $42,247,883 | $19,050,439 |
Carpenters And Joiners Apprenticeship And Journeymen St Paul, MN | $20,144,324 | $15,253,021 |
International Union Of Operating Engineers 139 Pewaukee, WI | $24,439,793 | $14,629,454 |
Service Employees International Union St Paul, MN | $3,226,378 | $12,392,421 |
Wisconsin Fox River Valley Sheet Metal Workers Welfare Trust Waukesha, WI | $17,147,311 | $12,962,825 |
Pipe Trades Health Care Services Inc White Bear Lake, MN | $1,989,770 | $11,324,397 |
International Brotherhood Of Teamsters Blaine, MN | $9,219,386 | $11,430,169 |
Laborers International Union Of North America Minneapolis, MN | $22,106,073 | $10,887,732 |
Mra-The Management Association Inc Waukesha, WI | $15,359,430 | $10,314,261 |