International Association Of Heat & Frost Insulators & Allied Workers
- Assets
- $31.6m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 31
- Location
- Lanham, MD
- Founding
- 11/1940
- Data as of
- 12/2022
- EIN
- 53-0088300
Organization Overview
International Association Of Heat & Frost Insulators & Allied Workers is located in Lanham, MD. 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 31 individuals. This organization is a parent organization of 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 $13.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $13.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, International Association Of Heat & Frost Insulators & Allied Workers has awarded 14 individual grants totaling $178,302. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S EXEMPT PURPOSE IS TO IMPROVE WORKING CONDITIONS AND LABOR RELATIONS FOR THE SKILLED WORKERS OF THIS TRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS EXEMPT PURPOSE IS TO IMPROVE WORKING CONDITIONS AND LABOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Revard President (p) | Officer | 40 | $365,787 |
Mark Selby Int'l Vice Pres (p) | Officer | 40 | $191,533 |
Leo Damaris Int'l Vice Pres | Officer | 40 | $206,647 |
Douglas Gamble Treasurer (p) | Officer | 40 | $232,502 |
Terrance Larkin President | Officer | 40 | $281,070 |
Paul Faulker Int'l Vice Pres | Officer | 40 | $209,607 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marriott Business Services Event Services Provider | 12/30/22 | $712,752 |
The Kelly Companies Printing & Meeting/convention Svc | 12/30/22 | $689,808 |
Bma Media Group Graphic Design/web Support | 12/30/22 | $533,891 |
Paradigm Technology Software/it | 12/30/22 | $281,100 |
Sherman Dunn Cohen Leifer & Yellig P Attorneys | 12/30/22 | $240,776 |
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 | $12,825,413 |
| Investment income | $598,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $46,734 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$208,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,357,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,251 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $98,805 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,158,007 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,012,064 |
| Pension plan accruals and contributions | $84,097 |
| Other employee benefits | $1,120,553 |
| Payroll taxes | $270,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $303,121 |
| Fees for services: Accounting | $98,356 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $195,533 |
| Fees for services: Other | $17,823 |
| Advertising and promotion | $0 |
| Office expenses | $336,575 |
| Information technology | $455,621 |
| Royalties | $0 |
| Occupancy | $20,973 |
| Travel | $797,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,952 |
| Interest | $0 |
| Payments to affiliates | $359,838 |
| Depreciation, depletion, and amortization | $153,795 |
| Insurance | $115,355 |
| All other expenses | $0 |
| Total functional expenses | $13,416,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,000 |
| Savings and temporary cash investments | $7,221,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,598,998 |
| 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 | $45,938 |
| Net Land, buildings, and equipment | $974,659 |
| Investments—publicly traded securities | $21,497,873 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,941 |
| Total assets | $31,598,939 |
| Accounts payable and accrued expenses | $213,066 |
| 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 | $1,619,449 |
| Total liabilities | $1,832,515 |
| Net assets without donor restrictions | $29,766,424 |
| 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 | $31,598,939 |
Grants Awarded
Over the last fiscal year, International Association Of Heat & Frost Insulators & Allied Workers has awarded $68,552 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CMRAVE PURPOSE: SUPPORT | $10,000 |
IRISH PEACE FOUNDATION INC PURPOSE: SUPPORT | $6,000 |
DC TOYS FOR TOTS PURPOSE: SUPPORT | $11,500 |
INSULATION INDUSTRY'S INTERNATIONAL APPRENTICE & TRAINING FUND PURPOSE: SUPPORT | $31,052 |
DIABETES RESEARCH INSTITUTE FOUNDATION PURPOSE: SUPPORT | $10,000 |