INDUSTRIAL INSULATION CONTRACTORS ASSOCIATION OF SOUTHERN NEW YORK INC

EIN: 271485253

Melville, NY

Total Revenue
$57,372
Total Expenses
$28,957
Total Assets
$327,029
Net Assets
$326,929
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Phone
5166775183
Tax Period
2023-01-01 to 2023-12-31

INDUSTRIAL INSULATION CONTRACTORS ASSOCIATION OF SOUTHERN NEW YORK INC is a tax-exempt nonprofit with EIN 271485253, based in Melville, NY. Founded in 1973, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $57,372 in total revenue and $28,957 in total expenses, with net assets of $326,929.

Mission

The particular business and objectives of the Association shall be: i to provide a means whereby persons engaged in the industries of a furnishing and applying insulation to piping , apparatus, and ducts in connection with heating, plumbing,air conditioning, and refrigeration systems, and to steam generating and industrial processing equipment, b sealing of through penetrations, openings, and gaps in rated walls and floors, including slab-edges to prevent the passage of fire, smoke, or other gasses, may meet, fraternize and exchange ideas in relation to said industries the industries described in a and b are referred to herein collectively as the Industries ii to develop and foster fair dealings and practices and a high stsndard of business ethics among those engaged in the business, so that membership in the Association will be a reasonable assurance to the public of the skill, intergrity, and responsibilities of its members, and the pubic will regard members of the Association as con

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,432
Program Service Revenue $0
Investment Income $13,940
Other Revenue $0
TOTAL REVENUE $57,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,074
Other Expenses $28,957
TOTAL EXPENSES $28,957

Year-over-Year Comparison

2023 2022 Change
Revenue $57,372 $30,450 +0.9%
Expenses $28,957 $29,446 0.0%
Net Income $28,415 $1,004 +27.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KIM President 5.00
Officer
$0 $0 $0
DONALD DONNELY JR Vice President 5.00
Officer
$0 $0 $0
BRIAN AULL Treasurer 5.00
Officer
$0 $0 $0
JOSEPH LEO JR Secretary 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $57,372 $28,957 $327,029 $28,415
2022 $30,450 $29,446 $298,614 $1,004
2021 $48,173 $22,394 $297,510 $25,779
2020 $85,395 $20,806 $271,731 $64,589
2019 $75,002 $29,090 $207,142 $45,912
2018 $57,856 $9,306 $161,230 $48,550
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