American Society Of Heating Refrigerating & A-C Engineers
- Assets
- $34.2k
- Revenue
- $190.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1973
- Data as of
- 06/2024
- EIN
- 84-6117378
Organization Overview
American Society Of Heating Refrigerating & A-C Engineers is located in Denver, CO. 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 06/2024, American Society Of Heating Refrigerating & A-C Engineers generated $190.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $260.5k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN SOCIETY OF HEATING, REFRIGERATING AND AIR-CONDITIONING ENGINEERS (ASHRAE) IS A TRADE ASSOCIATION DESIGNED TO PROMOTE AND ENHANCE TECHNICAL EXPERTISE OF ITS MEMBERS. WE DO THIS THROUGH TECHNICAL CONFERENCES, MEETINGS, AND PUBLICATIONS AMIED TO OUR MEMBERS, WHO ARE DIRECTLY IMPACTED BY THE, HEATING, REFRIDGERATION, AND AIR-CONDITIONING INDUSTRIES. WE ALSO PROMOTE GROWTH IN THE INDUSTRY BY OFFERING SCHOLARSHIPS TO STUDENTS WHO CHOOSE A CAREER PATH IN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENTS TO THE ASHRAE FOUNDATION FOR THE ROCKY MOUNTAIN ENDOWMENT FUND THESE FUNDS ARE USED BY THE SOCIETY TO PROVIDE ONGOING SUPPORT FOR ASHRAE PROGRAMS AND INITIATIIVES FOR FUTURE YEARS. THIS FUND IS ALSO USED FOR NATIONAL SCHOLARSHIPS TO STUDENTS PURSING EDUCATION IN HVAC.
MONTHLY MEETINGS, ENGINEERING STUDY GROUPS, AND DEVELOPMENT OF CONFERENCES TO ADVANCE KNOWLEDGE AND TECHNOLOGY WITHIN THE INDUSTRY. ALSO STUDENT SCHOLARSHIPS. FOR EXAMPLE, A WALKTHROUGH WAS DONE OF A COOLING PLANT WHICH UTILIZES AN ICE THERMAL STORAGE SYSTEM AND IS PART OF AN INTEGRATED NETWORK OF SIX PLANTS PROVIDING OVER 20,000 TONS OF COOLING POWER.
PAYMENTS FOR REGIONAL CONFERENCES FOR MULTIPLE CHAPTERS TO GAIN INDUSTRY KNOWLEDGE. THESE CONFERENCES OFFER WORKSHOPS, TECHNICAL SESSIONS, TECHNICAL TOURS, ADDRESSES BY ASHRAE MEMBERS, AND PRESENTATIONS OF AWARDS. RM ASHRAE IS IN REGION IX WHICH INCLUDES 12 OTHER REGIONS.
HOSTING OF A TECHNICAL CONFERENCE TO DISSEMINATE INDUSTRY INFORMATION AND KNOWLEDGE IN DESIGN, TECHNOLOGY, AND STRATEGIES IN HVAC OPERATIONS BY LEADERS IN THE INDUSTRY. WE OFFERED 25 DIFFERENT PRESENTATIONS IN FIVE EDUCATION TRACKS WITH TWO KEYNOTE PRESENTATIONS. THE THEME THIS YEAR WAS OPPORTUNITIES FOR A CLEAN ENERGY ECONOMY WITH PRESENTATIONS ON SUCH TOPICS AS BOILER EFFICIENCY, PUMPING FUNDAMENTALS, OPPORTUNITIES FOR CLEAN ENERGY, AND ENERGY EFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mcqouid President | Officer | 10 | $0 |
Caitlin Anderson President Elect | Officer | 5 | $0 |
Kaitlyn Sporleder Vice President | Officer | 5 | $0 |
Sara Persily Secretary | Officer | 5 | $0 |
Nathan Ralphe Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $795 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,991 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,786 |
| Total Program Service Revenue | $156,855 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,530 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,202 |
| 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. | $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 | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,405 |
| Information technology | $2,014 |
| 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 | $145,376 |
| Interest | $0 |
| Payments to affiliates | $95,161 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,715 |
| Total functional expenses | $260,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,213 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,213 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $34,213 |
| Total liabilities and net assets/fund balances | $34,213 |