American Society Of Heating Refrigerating & A-C Engineers
- Assets
- $19.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Peachtree Corners, GA
- Founding
- 11/1973
- Data as of
- 06/2021
- EIN
- 58-6274320
Organization Overview
American Society Of Heating Refrigerating & A-C Engineers is located in Peachtree Corners, GA. The organization was established in 1973. 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 a subordinate organization within an affiliated group for tax-exemption purposes. American Society Of Heating Refrigerating & A-C Engineers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, American Society Of Heating Refrigerating & A-C Engineers generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $602.9k during the year ending 06/2021. 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
FOR THE SUPPORT AND BENEFIT OF AND TO FURTHER THE CHARITABLE PURPOSES OF THE AMERICAN SOCIETY OF HEATING, REFRIGERATING AND AIR-CONDITIONING ENGINEERS, INC. (ASHRAE, INC.)
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO GIVE AWARDS TO PEOPLE WHO HAVE MADE CONTRIBUTIONS OF THEIR ENLIGHTENED KNOWLEDGE IN THE HVAC FIELD. TO GIVE SCHOLARSHIPS TO STUDENTS OF EXCELLENCE IN THE HVAC FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Watson Pe Chair | OfficerTrustee | 5 | $0 |
Dr Donald G Colliver Pe 1st Vice Chairman | OfficerTrustee | 5 | $0 |
T Randall Jones 2nd Vice Chair | OfficerTrustee | 5 | $0 |
William A Harrison Treasurer | OfficerTrustee | 5 | $0 |
Larry Kouma Trustee | Trustee | 1 | $0 |
Dr Joe Noworatzky Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,014 |
| Investment income | $419,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,787,429 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,879,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $207,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,950 |
| Benefits paid to or for members | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,407 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $602,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,665 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,383,521 |
| 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 |
| Investments—publicly traded securities | $17,555,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,576,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $224,500 |
| 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 | $17,179 |
| Total liabilities | $241,679 |
| 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 |
| Total liabilities and net assets/fund balances | $19,335,268 |