Cooling Technology Institute
- Assets
- $2.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Houston, TX
- Founding
- 07/1952
- Data as of
- 12/2022
- EIN
- 74-1335687
Organization Overview
Cooling Technology Institute is located in Houston, TX. The organization was established in 1952. According to its NTEE Classification (H01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Medical Research and related organizations. As of 12/2022, Cooling Technology Institute employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooling Technology Institute 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 12/2022, Cooling Technology Institute generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $973.7k during the year ending 12/2022. While expenses have increased by 7.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVOCATE AND PROMOTE THE USE OF ENVIRONMENTALLY RESPONSIBLE EVAPORATIVE HEAT TRANSFER SYSTEMS FOR THE BENEFIT OF THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Manser Administrato | Trustee | 40 | $116,671 |
James L Baker Treasurer | OfficerTrustee | $0 | |
Jon D Bickford Director | Trustee | $0 | |
Jamie Bland Director | Trustee | $0 | |
Chris Cowins Director | Trustee | $0 | |
Jennifer Hamilton Vice Preside | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $297,560 |
| 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 | $297,560 |
| Total Program Service Revenue | $0 |
| Investment income | $9,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,577 |
| 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 | $353,873 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,002,650 |
| 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. | $116,671 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,966 |
| Pension plan accruals and contributions | $51,405 |
| Other employee benefits | $0 |
| Payroll taxes | $19,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,957 |
| Office expenses | $30,575 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,372 |
| 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 | $89,655 |
| All other expenses | $74,264 |
| Total functional expenses | $973,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,141 |
| Savings and temporary cash investments | $1,452,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $448,075 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,837 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $121,830 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,226 |
| Total assets | $2,241,256 |
| Accounts payable and accrued expenses | $601,642 |
| 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 | $519,928 |
| Total liabilities | $1,121,570 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,052,248 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $67,438 |
| Total liabilities and net assets/fund balances | $2,241,256 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooling Technology Institute Houston, TX | $2,241,256 | $1,002,650 |
Split Second Foundation Inc New Orleans, LA | $213,244 | $766,031 |
Consortium For Advanced Manufacturing International Inc Austin, TX | $29,198 | $300,058 |
Oklahoma Propane Gas Association Oklahoma City, OK | $579,898 | $79,161 |
Protein Board Corporation Flower Mound, TX | $2,260 | $0 |
Love Zach Foundation Inc Houston, TX | $25,057 | $31,969 |