Civic Intelligence

Air-Conditioning Heating and Refrigeration Institute

990 • Fiscal year 2021 • EIN 26-1558777

Jan 01, 2021 to Dec 31, 2021 • Filed on May 03, 2022

2311 Wilson Blvd 400Arlington, VA 22201

(703) 524-8800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.43x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.76x

Higher debt load relative to revenue than 71% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2021

Net Margin

16th percentile

-4.1%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$683,518

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2021

Asset Growth

28th percentile

2.9%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

30th percentile

-1.5%

Faster revenue growth than 30% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$58,066,234

Up $1,649,393 (+2.9%) from 2020

Net Assets

Down

$33,328,297

Down $35,252 (-0.1%) from 2020

Liabilities

Up

$24,737,937

Up $1,684,645 (+7.3%) from 2020

Revenue

Down

$32,390,159

Down $486,483 (-1.5%) from 2020

Expenses

Up

$33,708,811

Up $565,467 (+1.7%) from 2020

Net Income

Down

-$1,318,652

Down $1,051,950 (-394%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $27,122,706Liabilities 2010: $7,277,157Net Assets 2010: $19,845,5492010Assets 2011: $27,938,545Liabilities 2011: $7,422,355Net Assets 2011: $20,516,1902011Assets 2013: $34,346,299Liabilities 2013: $6,610,857Net Assets 2013: $27,735,4422013Assets 2014: $31,074,937Liabilities 2014: $4,669,566Net Assets 2014: $26,405,3712014Assets 2015: $32,420,479Liabilities 2015: $5,759,457Net Assets 2015: $26,661,0222015Assets 2017: $38,409,202Liabilities 2017: $5,703,672Net Assets 2017: $32,705,5302017Assets 2018: $53,593,497Liabilities 2018: $23,257,273Net Assets 2018: $30,336,2242018Assets 2019: $53,821,291Liabilities 2019: $21,677,949Net Assets 2019: $32,143,3422019Assets 2020: $56,416,841Liabilities 2020: $23,053,292Net Assets 2020: $33,363,5492020Assets 2021: $58,066,234Liabilities 2021: $24,737,937Net Assets 2021: $33,328,2972021Assets 2024: $55,963,072Liabilities 2024: $23,946,868Net Assets 2024: $32,016,2042024

Highlighted filing

2021

Assets$58,066,234
Liabilities$24,737,937
Net Assets$33,328,297

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $19,500,4782010Expenses 2011: $19,538,6212011Revenue 2013: $25,709,817Expenses 2013: $22,517,460Net Income 2013: $3,192,3572013Revenue 2014: $23,556,315Expenses 2014: $25,746,443Net Income 2014: -$2,190,1282014Revenue 2015: $26,909,742Expenses 2015: $25,876,524Net Income 2015: $1,033,2182015Revenue 2017: $31,653,568Expenses 2017: $29,062,030Net Income 2017: $2,591,5382017Revenue 2018: $31,406,659Expenses 2018: $31,830,796Net Income 2018: -$424,1372018Revenue 2019: $33,464,895Expenses 2019: $35,044,150Net Income 2019: -$1,579,2552019Revenue 2020: $32,876,642Expenses 2020: $33,143,344Net Income 2020: -$266,7022020Revenue 2021: $32,390,159Expenses 2021: $33,708,811Net Income 2021: -$1,318,6522021Revenue 2024: $45,085,810Expenses 2024: $44,167,075Net Income 2024: $918,7352024

Highlighted filing

2021

Revenue$32,390,159
Expenses$33,708,811
Net Income-$1,318,652
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.2
Gross Receipts
$33,282,784
Mission and Program Overview

Mission

The air-conditioning, heating and regrigeration institute (ahri) serves the public and the industry by promoting recognition of the benefits of air-conditioning, heating and refrigeration and by promoting confidence in the performance of the industry's products.

The air-conditioning, heating and refrigeration institute serves the public and the industry by promoting recognition of the benefits of air-conditioning, heating and refrigeration and by promoting confidence in the performance of the industry's products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$35,540,520$36,694,451▲ $1,153,931
Cash and Non-Interest-Bearing Accounts$1,378,666$4,577,896▲ $3,199,230
Land, Buildings, and Equipment, Net$3,085,891$2,849,556▼ $236,335
Savings and Temporary Cash Investments$2,267,596$924,267▼ $1,343,329
Accounts Receivable$1,544,953$819,335▼ $725,618
Prepaid Expenses and Deferred Charges$416,482$801,400▲ $384,918
Total Assets$56,416,841$58,066,234▲ $1,649,393
Other Assets Total$12,182,733$11,399,329▼ $783,404
Liabilities
Other Liabilities$15,751,052$14,834,022▼ $917,030
Deferred Revenue$3,653,635$6,004,112▲ $2,350,477
Accounts Payable and Accrued Expenses$3,648,605$3,899,803▲ $251,198
Total Liabilities$23,053,292$24,737,937▲ $1,684,645
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,363,549$33,328,297▼ $35,252
Total Net Assets Fund Balance$33,363,549$33,328,297▼ $35,252
Total Liabilities and Net Assets / Fund Balance$56,416,841$58,066,234▲ $1,649,393

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$444,890$2,311,114$2,756,004
Leasehold Improvements$1,846,142$651,116$2,497,258
Equipment$558,524$1,158,077$1,716,601
Other Assets Org$500,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen YurekAhri President & Chief Executive OfficerFT$655,470$28,048$683,518
Stephen YurekAhri President & Chief Executive Off-$521,235$162,283$683,518
John LanierSecretary & Chief Operating OfficerFT$317,884$57,300$375,184
Henry HwongSenior Vice President, Global OperationsFT$273,232$14,952$288,184
Henry HwongSenior Vice President, Global Operat-$248,232$39,952$288,184
Samantha SlaterSenior Vice President, Government AffairsFT$248,249$23,648$271,897
Samantha SlaterSenior Vice President, Government Af-$218,249$53,648$271,897
Vassilis TritsisVice President, CertificationFT$214,079$53,843$267,922
William McquadeVice President, Sector ServicesFT$210,459$51,941$262,400
William FongVice President, It & Business SolutionsFT$213,655$36,693$250,348
William FongVice President, It & Business Soluti-$188,655$61,693$250,348
Helen Walter-terrinoniVice President, Regulatory AffairsFT$185,764$49,432$235,196
Christopher StoneSenior Advisor, Performance TestingFT$210,522$17,413$227,935
James WaltersVice President, International AffairsFT$194,029$31,362$225,391
James WaltersVice President, International Affair-$174,029$51,362$225,391
Francis DietzVice President, Public AffairsFT$180,582$31,238$211,820
Bradley SlattenDirector of Information Security & ContinuityFT$171,454$32,612$204,066
Bradley SlattenDirector of Information Security & C-$165,954$38,112$204,066
Steven GrudiDirector of Software DevelopmentFT$180,407$14,263$194,670
Gurminder SidhuSenior Director, OperationsFT$140,144$38,832$178,976
Marie-christine CarpizoGeneral CounselFT$164,443$10,310$174,753
Xudong WangVice President, ResearchFT$140,686$24,093$164,779

Board Members and Trustees

NameTitle
Mike SchwartzChairman
John GalyenImmediate Past Chair
Kevin WheelerVice Chairman
Ron DuncanVice Chairman
Brent SchroederDirector-at-large
Bruce CarnevaleDirector-at-large
Chris NelsonDirector-at-large
Donny SimmonsDirector-at-large
Gary BedardDirector-at-large
John SwannDirector-at-large
Kevin BeckettDirector-at-large
Mike BransonDirector-at-large
John ThomasDirector-at-large (from 2/2021)
Douglas SchusterDirector-at-large (from 5/2021)
Joseph OliveriDirector-at-large (to 5/2021)
Megan FellingerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Intertek Testing Svc Na INCLab ServicesPO BOX 405176, Atlanta, GA 30384, Ch$7,554,389
Hefei General MachineryLab Services75 REMITTANCE DRIVE, Northbrook, IL 60675, Ae$1,595,410
Ul LLCLab ServicesPO BOX 74007292, Chicago, IL 60674$1,056,480
Globalization PartnersConsulting-$572,284
Csa GroupLab Services-$565,763
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$31,480,726
Investment Income
$776,254
Other Revenue
$133,179
Change in Net Assets
$-1,318,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,547,024
Salaries, Compensation, and Employee Benefits$13,161,787
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$7,935,988
Current Officers, Directors, Trustees, and Key Employees---$3,246,613
Fees for Services Other---$3,078,699
Occupancy---$1,311,274
Information Technology---$1,101,982
Conferences and Meetings---$896,620
Other Employee Benefits---$826,946
Fees for Services Lobbying---$705,017
Payroll Taxes---$704,953
Depreciation Depletion---$482,556
Pension Plan Contributions---$447,287
Office Expenses---$345,237
Payments to Affiliates---$300,000
Advertising---$200,624
Travel---$192,193
Fees for Services Accounting---$146,236
All Other Expenses---$126,225
Other Expenses---$122,167
Insurance---$97,334
Fees for Services Legal---$94,395
Fees for Service Investment Mgmnt Fees---$66,325
Total Functional Expenses$0$0$0$33,708,811
International Activity

International Summary

Offices
0
Employees
0
Spending
$4,156,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia & PacificProgram ServicesTesting Services00$2,082,000
Middle East & North AfricaProgram ServicesTesting Services00$829,000
South AsiaProgram ServicesTesting Services00$637,000
EuropeProgram ServicesTesting Services00$548,000
North AmericaProgram ServicesTesting Services00$58,000
South AmericaProgram ServicesTesting Services00$2,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$744,019
Total Nondeductible Lobbying and Political Cost$744,019
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$14,820,622
Security Deposits$8,960
Due to Affiliates$4,440
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Ahri is a 501(c)(6) trade association and as such has given specific rights to members and international members in the by-laws to allow them to participate in the management of the organization.

Form 990, Part VI, Section A, Line 7A

There is a nominating committee of the board that puts forth members to be elected to the board of directors by the voting members of ahri.

Form 990, Part VI, Section A, Line 7B

Voting members have the right to vote on all questions pertaining to the organization.

Form 990, Part VI, Section B, Line 11B

The chief executive officer, chief financial officer, audit committee, and the general counsel review audits and the form 990.

Form 990, Part VI, Section B, Line 12C

The organization maintains a conflict of interest policy that covers employees, officers, and directors. Each covered person must review the policy annually while officers and directors are required to complete the conflict of interest policy acknowledgement and disclosure of other interests forms. In-house general counsel reviews conflicts with the best interests of ahri as the sole criteria. Covered persons with a conflict should use their best judgement as to whether, and what extent, they should recuse themselves from participation with respect to the matter, and whether they should resign from office or position.

Form 990, Part VI, Section B, Line 15

A comparability study is performed approximately every 3 years. The compensation committee of the board reviews the data against current employee data. Minutes are kept of the meetings. The president and ceo's salary is set by the compensation committee and the ceo sets the compensation of the senior staff. The president and ceo's salary was last reviewed in january 2022.

Form 990, Part VI, Section C, Line 19

The organization responds to requests from the public as received.

Filing and Contact Details

Filer

Filer Name
Air-conditioning Heating and
EIN
26-1558777
Phone
7035248800
Address
2311 WILSON BLVD 400, ARLINGTON, VA 22201

Signing Officer

Name
Stephen Yurek
Title
President & CEO
Phone
7035248800
Signed
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Yurek
Formed
2007
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
125
Volunteers
500

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS ROAD SUITE 1500, RALEIGH, NC 27609
Preparer
J Calvin Marks
Phone
9197196400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Bad debt expense -25,000.

Financial Statement Notes

PART X, LINE 2:

Management has concluded that ahri, ahrti, and the foundation have properly maintained their exempt status and there are no significant uncertain tax positions as of december 31, 2021.

Raw XML AppendixShowing 400 of 979 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/PersonNm0STEPHEN YUREK
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN LANIER
IRS990/Form990PartVIISectionAGrp/PersonNm2HENRY HWONG
IRS990/Form990PartVIISectionAGrp/PersonNm3SAMANTHA SLATER
IRS990/Form990PartVIISectionAGrp/PersonNm4VASSILIS TRITSIS
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLIAM MCQUADE
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIAM FONG
IRS990/Form990PartVIISectionAGrp/PersonNm7HELEN WALTER-TERRINONI
IRS990/Form990PartVIISectionAGrp/PersonNm8CHRISTOPHER STONE
IRS990/Form990PartVIISectionAGrp/PersonNm9JAMES WALTERS
IRS990/Form990PartVIISectionAGrp/PersonNm10FRANCIS DIETZ
IRS990/Form990PartVIISectionAGrp/PersonNm11BRADLEY SLATTEN
IRS990/Form990PartVIISectionAGrp/PersonNm12STEVEN GRUDI
IRS990/Form990PartVIISectionAGrp/PersonNm13GURMINDER SIDHU
IRS990/Form990PartVIISectionAGrp/PersonNm14MARIE-CHRISTINE CARPIZO
IRS990/Form990PartVIISectionAGrp/PersonNm15XUDONG WANG
IRS990/Form990PartVIISectionAGrp/PersonNm16MIKE SCHWARTZ
IRS990/Form990PartVIISectionAGrp/PersonNm17JOHN GALYEN
IRS990/Form990PartVIISectionAGrp/PersonNm18RON DUNCAN
IRS990/Form990PartVIISectionAGrp/PersonNm19KEVIN WHEELER
IRS990/Form990PartVIISectionAGrp/PersonNm20MEGAN FELLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm21KEVIN BECKETT
IRS990/Form990PartVIISectionAGrp/PersonNm22GARY BEDARD
IRS990/Form990PartVIISectionAGrp/PersonNm23MIKE BRANSON
IRS990/Form990PartVIISectionAGrp/PersonNm24BRUCE CARNEVALE
IRS990/Form990PartVIISectionAGrp/PersonNm25CHRIS NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm26JOSEPH OLIVERI
IRS990/Form990PartVIISectionAGrp/PersonNm27BRENT SCHROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm28DOUGLAS SCHUSTER
IRS990/Form990PartVIISectionAGrp/PersonNm29DONNY SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm30JOHN SWANN
IRS990/Form990PartVIISectionAGrp/PersonNm31JOHN THOMAS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0AHRI PRESIDENT & CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY & CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SENIOR VICE PRESIDENT, GLOBAL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3SENIOR VICE PRESIDENT, GOVERNMENT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT, CERTIFICATION
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT, SECTOR SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT, IT & BUSINESS SOLUTIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT, REGULATORY AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt8SENIOR ADVISOR, PERFORMANCE TESTING
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT, INTERNATIONAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT, PUBLIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF INFORMATION SECURITY & CONTINUITY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF SOFTWARE DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13SENIOR DIRECTOR, OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT, RESEARCH
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt20TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR-AT-LARGE (TO 5/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR-AT-LARGE (FROM 5/2021)
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR-AT-LARGE (FROM 2/2021)
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IRS990/FormationYr02007
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IRS990/FSAuditedInd01
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/MiscellaneousRevenueGrp/ExclusionAmt03959
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt03959
IRS990/MissionDesc0THE AIR-CONDITIONING, HEATING AND REGRIGERATION INSTITUTE (AHRI) SERVES THE PUBLIC AND THE INDUSTRY BY PROMOTING RECOGNITION OF THE BENEFITS OF AIR-CONDITIONING, HEATING AND REFRIGERATION AND BY PROMOTING CONFIDENCE IN THE PERFORMANCE OF THE INDUSTRY'S PRODUCTS.
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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt054037
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01414140
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt033363549

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