International Association Of Refrigerated Warehouses
- Assets
- $5.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Arlington, VA
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 53-0114693
Organization Overview
International Association Of Refrigerated Warehouses is located in Arlington, VA. The organization was established in 1942. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, International Association Of Refrigerated Warehouses employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Association Of Refrigerated Warehouses 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, International Association Of Refrigerated Warehouses generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EXCELLENCE IN THE GLOBAL TEMPERATURE-CONTROLLED WAREHOUSE AND LOGISTICS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMITTEE MEETINGS - VARIOUS PLANNING AND EXECUTIVE INDUSTRY RELATED PROJECTS.
DIRECTORY PUBLICATION - DIRECTORY OF ALL MEMBERS LOCATIONS AND OTHER PERTINENT INFORMATION.
ANNUAL CONVENTION - ENABLES MEMBERS TO SEE LATEST INNOVATIONS IN THE REFRIGERATION INDUSTRY. THE IARW-WFLO CONVENTION WAS HELD FACE TO FACE IN 2021. THE EVENT TOOK PLACE IN AUSTIN, TEXAS FROM OCTOBER 6-8 AND ATTRACTED OVER 300 ATTENDEES AS WELL AS 30 PLUS EXHIBITORS. THE THREE DAY NETWORKING AND EDUCATION EVENT WAS ATTENDED BY SENIOR LEVEL EXECUTIVES FROM THE TEMPERATURE CONTROLLED LOGISTICS INDUSTRY. IARW WAS ALSO ABLE TO HOST ITS ANNUAL POLICY FORUM FACE TO FACE IN WASHINGTON, DC FROM JULY 29-31 WHICH SAW ATTENDANCE OF OVER 100 COLD CHAIN PROFESSIONALS WHOSE RESPONSIBILITIES INCLUDE UNDERSTANDING THE IMPACT OF VARIOUS GOVERNMENT AND AGENCY INITIATIVES ON THEIR BUSINESSES. IN ADDITION THE FOLLOWING EVENTS WERE ALSO HELD FACE IN 2021 THE LATIN AMERICAN COLD CHAIN CONGRESS (MEXICO CITY/NOVEMBER/100 ATTENDEES) AND THE BRAZIL SYMPOSIUM (SAO PAOLO/DECEMBER/100 ATTENDEES). THE EUROPEAN COLD CHAIN CONFERENCE HAD TO BE CONDUCTED VIRTUALLY AGAIN IN 2021 AND THAT TOOK PLACE IN JULY. LASTLY, THE IARW BOARD WAS ALSO ABLE TO MEET FACE TO FACE IN APRIL OF 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Ott President And CEO | Officer | 23 | $403,022 |
Megan Costello Evp Chief Of Staff | Officer | 40 | $232,939 |
Lowell Randel VP - Govt And Legal Affairs | Officer | 40 | $218,170 |
Brian Lynch Evpbusiness Development | Officer | 40 | $211,130 |
James Rogers Senior Director Of Business D | Officer | 40 | $129,909 |
Amanda Brondy Director Of International Pro | Officer | 40 | $124,990 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Plus Delta Consulting Consulting Service | 12/30/21 | $122,374 |
Saverine Co Llc Accounting | 12/30/21 | $160,325 |
Lixia Capsia Gestionis Wflo Projects | 12/30/21 | $227,529 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $377,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $512,383 |
| Total Program Service Revenue | $5,290,355 |
| Investment income | $65,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,366 |
| Net Gain/Loss on Asset Sales | $86,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,081,078 |
| 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. | $1,320,160 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,219,152 |
| Pension plan accruals and contributions | $244,028 |
| Other employee benefits | $120,930 |
| Payroll taxes | $145,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,645 |
| Fees for services: Accounting | $16,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,277 |
| Fees for services: Other | $918,901 |
| Advertising and promotion | $0 |
| Office expenses | $331,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,752 |
| Travel | $29,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $850,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,946 |
| Insurance | $5,819 |
| All other expenses | $0 |
| Total functional expenses | $5,672,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $901,072 |
| Savings and temporary cash investments | $182,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,684 |
| 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 | $202,372 |
| Net Land, buildings, and equipment | $970,560 |
| Investments—publicly traded securities | $3,093,082 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,768 |
| Total assets | $5,555,867 |
| Accounts payable and accrued expenses | $1,224,613 |
| Grants payable | $0 |
| Deferred revenue | $897,432 |
| 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 | $124,495 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $567,625 |
| Total liabilities | $2,814,165 |
| Net assets without donor restrictions | $2,729,210 |
| Net assets with donor restrictions | $12,492 |
| 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 | $5,555,867 |
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|---|---|---|
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