Civic Intelligence

Industrial Insulation Contractor'S Association of Southern Newyork Inc

990 • Fiscal year 2018 • EIN 27-1485253

Jan 01, 2018 to Dec 31, 2018 • Filed on May 03, 2019

123 South Street Suite 209Oyster Bay, NY 11771

(516) 922-7855

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE S41 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE S41 • <$500k nonprofits • Source year 2018

Net Margin

99th percentile

84%

Higher net margin than 99% of similar nonprofits.

2018 filings • NTEE S41 • <$500k nonprofits • Source year 2018

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE S41 • <$500k nonprofits • Source year 2018

Asset Growth

85th percentile

43%

Faster asset growth than 85% of similar nonprofits.

2018 filings • NTEE S41 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

36%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • NTEE S41 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$161,230

Up $48,350 (+43%) from 2017

Net Assets

Up

$161,230

Up $48,550 (+43%) from 2017

Liabilities

Down

$0

Down $200 (-100%) from 2017

Revenue

Up

$57,856

Up $15,298 (+36%) from 2017

Expenses

Up

$9,306

Up $1,248 (+15%) from 2017

Net Income

Up

$48,550

Up $14,050 (+41%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $17,899Liabilities 2013: $0Net Assets 2013: $17,8992013Assets 2014: $35,475Liabilities 2014: $0Net Assets 2014: $35,4752014Assets 2015: $58,534Liabilities 2015: $0Net Assets 2015: $58,5342015Assets 2016: $78,180Liabilities 2016: $0Net Assets 2016: $78,1802016Assets 2017: $112,880Liabilities 2017: $200Net Assets 2017: $112,6802017Assets 2018: $161,230Liabilities 2018: $0Net Assets 2018: $161,2302018Assets 2019: $207,142Liabilities 2019: $0Net Assets 2019: $207,1422019Assets 2020: $271,731Liabilities 2020: $0Net Assets 2020: $271,7312020Assets 2021: $297,510Liabilities 2021: $0Net Assets 2021: $297,5102021Assets 2024: $370,675Liabilities 2024: $0Net Assets 2024: $370,6752024

Highlighted filing

2018

Assets$161,230
Liabilities$0
Net Assets$161,230

Operations Trend

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

$100K$50K$0-$50KRevenue 2013: $11,287Expenses 2013: $13,849Net Income 2013: -$2,5622013Revenue 2014: $25,905Expenses 2014: $8,329Net Income 2014: $17,5762014Revenue 2015: $27,942Expenses 2015: $4,883Net Income 2015: $23,0592015Revenue 2016: $26,210Expenses 2016: $6,564Net Income 2016: $19,6462016Revenue 2017: $42,558Expenses 2017: $8,058Net Income 2017: $34,5002017Revenue 2018: $57,856Expenses 2018: $9,306Net Income 2018: $48,5502018Revenue 2019: $75,002Expenses 2019: $29,090Net Income 2019: $45,9122019Revenue 2020: $85,395Expenses 2020: $20,806Net Income 2020: $64,5892020Revenue 2021: $48,173Expenses 2021: $22,394Net Income 2021: $25,7792021Revenue 2024: $67,117Expenses 2024: $23,371Net Income 2024: $43,7462024

Highlighted filing

2018

Revenue$57,856
Expenses$9,306
Net Income$48,550
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 3, 2019
Return Version
2018v3.1
Gross Receipts
$57,856
Mission and Program Overview

Mission

The particular business and objects 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 gases, 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 standard 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, integrity, and responsibilities of its members, and the public will regard members of the associa

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$112,880$161,230▲ $48,350
Rtn Earn Endowment Incm Other Fnds$112,680$161,230▲ $48,550
Total Assets$112,880$161,230▲ $48,350
Liabilities
Deferred Revenue$200--
Total Liabilities$200$0▼ $200
Net Assets / Fund Balance
Total Net Assets Fund Balance$112,680$161,230▲ $48,550
Total Liabilities and Net Assets / Fund Balance$112,880$161,230▲ $48,350
Compensation and Service Providers

Board Members and Trustees

NameTitle
David KimPresident
Donald Donnelly JrSecretary
Joseph P Leo JrTreasurer
Michael FlynnVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$57,856
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$48,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$5,438--$5,438
Advertising$2,000--$2,000
Insurance-$788-$788
Fees for Services Accounting-$775-$775
Fees for Services Legal-$305-$305
Total Functional Expenses$7,438$1,868$0$9,306
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Membership in the association shall be open to any person, legally registered partnership, limited liability company, corporation, association or other entity of good repute, which is regularly engaged in one more of the industries and which is signatory, or which desires to become signatory, to the agreement of working conditions with the international association of heat and frost insulators and asbestos workers (allied workers) local no. 91 covering the counties of westchester, rockland, orange, putnam and dutchess in the state of new york.

Form 990, Page 6, Part VI, Line 7A

Each board member shall be elected at an annual meeting of the association members for a two-year term that is staggered so two board members are elected each year.election of officers and board members at an annual meeting shall be by secret ballot in those cases where more than one nomination to any single office has been made. The election of the officers shall be simple majority of votes cast for each respective officer.

Form 990, Page 6, Part VI, Line 7B

Amendments to the constitution may be proposed by two or more members submitting the proposed amendment to the executive director in writing via e-mail or registered mail fifteen (15) days prior to a scheduled general membership meeting. Proposed amendments will be submitted by email to the members with a ballot and a vote on the proposed amendment shall be held at the next scheduled general membership meeting held following submission of the proposed amendment to the executive director. Those members not present who wish to vote may do so via proxy or mail. A two-third majority of the total voting membership, voting affirmatively, shall be required to make any such amendment effective.

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by the treasurer and president and signed by the president before filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are available at the executive directors office located at 123 south street suite 209 oyster bay ny 11771

Filing and Contact Details

Filer

Filer Name
INDUSTRIAL INSULATION CONTRACTOR'S
EIN
27-1485253
Phone
5169227855
Address
123 SOUTH STREET SUITE 209, OYSTER BAY, NY 11771

Signing Officer

Name
Joseph P Leo Jr
Title
Treasurer
Phone
5169227855
Signed
2019-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kim
Formed
1973
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
John F Delillo CPA
Address
123 SOUTH ST STE 112, OYSTER BAY, NY 11771
Preparer
John F Delillo
Phone
5169222102
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The particular business and objects 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 gases, 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 standard 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, integrity, and responsibilities of its members, and the public will regard members of the association as contractors who fulfill their obligations in good faith and with consummate skill.

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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/MissionDesc0THE PARTICULAR BUSINESS AND OBJECTS 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 GASES, 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 STANDARD 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, INTEGRITY, AND RESPONSIBILITIES OF ITS MEMBERS, AND THE PUBLIC WILL REGARD MEMBERS OF THE ASSOCIA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARTICULAR BUSINESS AND OBJECTS 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 GASES, 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 STANDARD 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, INTEGRITY, AND RESPONSIBILITIES OF ITS MEMBERS, AND THE PUBLIC WILL REGARD MEMBERS OF THE ASSOCIATION AS CONTRACTORS WHO FULFILL THEIR OBLIGATIONS IN GOOD FAITH AND WITH CONSUMMATE SKILL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP IN THE ASSOCIATION SHALL BE OPEN TO ANY PERSON, LEGALLY REGISTERED PARTNERSHIP, LIMITED LIABILITY COMPANY, CORPORATION, ASSOCIATION OR OTHER ENTITY OF GOOD REPUTE, WHICH IS REGULARLY ENGAGED IN ONE MORE OF THE INDUSTRIES AND WHICH IS SIGNATORY, OR WHICH DESIRES TO BECOME SIGNATORY, TO THE AGREEMENT OF WORKING CONDITIONS WITH THE INTERNATIONAL ASSOCIATION OF HEAT AND FROST INSULATORS AND ASBESTOS WORKERS (ALLIED WORKERS) LOCAL NO. 91 COVERING THE COUNTIES OF WESTCHESTER, ROCKLAND, ORANGE, PUTNAM AND DUTCHESS IN THE STATE OF NEW YORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER SHALL BE ELECTED AT AN ANNUAL MEETING OF THE ASSOCIATION MEMBERS FOR A TWO-YEAR TERM THAT IS STAGGERED SO TWO BOARD MEMBERS ARE ELECTED EACH YEAR.ELECTION OF OFFICERS AND BOARD MEMBERS AT AN ANNUAL MEETING SHALL BE BY SECRET BALLOT IN THOSE CASES WHERE MORE THAN ONE NOMINATION TO ANY SINGLE OFFICE HAS BEEN MADE. THE ELECTION OF THE OFFICERS SHALL BE SIMPLE MAJORITY OF VOTES CAST FOR EACH RESPECTIVE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AMENDMENTS TO THE CONSTITUTION MAY BE PROPOSED BY TWO OR MORE MEMBERS SUBMITTING THE PROPOSED AMENDMENT TO THE EXECUTIVE DIRECTOR IN WRITING VIA E-MAIL OR REGISTERED MAIL FIFTEEN (15) DAYS PRIOR TO A SCHEDULED GENERAL MEMBERSHIP MEETING. PROPOSED AMENDMENTS WILL BE SUBMITTED BY EMAIL TO THE MEMBERS WITH A BALLOT AND A VOTE ON THE PROPOSED AMENDMENT SHALL BE HELD AT THE NEXT SCHEDULED GENERAL MEMBERSHIP MEETING HELD FOLLOWING SUBMISSION OF THE PROPOSED AMENDMENT TO THE EXECUTIVE DIRECTOR. THOSE MEMBERS NOT PRESENT WHO WISH TO VOTE MAY DO SO VIA PROXY OR MAIL. A TWO-THIRD MAJORITY OF THE TOTAL VOTING MEMBERSHIP, VOTING AFFIRMATIVELY, SHALL BE REQUIRED TO MAKE ANY SUCH AMENDMENT EFFECTIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 IS REVIEWED BY THE TREASURER AND PRESIDENT AND SIGNED BY THE PRESIDENT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE AT THE EXECUTIVE DIRECTORS OFFICE LOCATED AT 123 SOUTH STREET SUITE 209 OYSTER BAY NY 11771
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0112880
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0161230
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt034 MILL PLAIN ROAD 2D
IRS990/USAddress/CityNm0DANBURY
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006811
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH P LEO JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05169227855
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRIAL INSULATION CONTRACTOR'S
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION OF SOUTHERN NEWYORK INC
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0271485253
ReturnHeader/Filer/PhoneNum05169227855
ReturnHeader/Filer/USAddress/AddressLine1Txt0123 SOUTH STREET SUITE 209
ReturnHeader/Filer/USAddress/CityNm0OYSTER BAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011771
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId035B69A31F27D3B95C440165F92C5EE9A5A96F540
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId035B69A31F27D3B95C440165F92C5EE9A5A96F540
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.99.58.218
ReturnHeader/FilingSecurityInformation/IPDt02019-05-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:51:57
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0112595347
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN F DELILLO CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0123 SOUTH ST STE 112
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OYSTER BAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011771
ReturnHeader/PreparerPersonGrp/PhoneNum05169222102
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN F DELILLO
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-13T10:51:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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