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National Insulation Association

Not tax-deductible

Herndon, VA501(c)(6)EIN 23-1573379Revenue $2.9M in FY2024

On file with the IRSinsulation.org516 Herndon Pkwy Ste D, 20170-6230 · Herndon, VATax-exempt since Mar 1956

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To promote the general welfare of the commercial and industrial Insulation industry.

Run by 19 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $42K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$680K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+11% vs prior year
Spent
$2.8M
Net assets
$673K
By yearFY2020–FY2024
Revenue
$2.9M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2020$921K
FY2021$2.1M
FY2022$2.1M
FY2023$2.6M
FY2024$2.9M
Expenses
$2.8M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2020$858K
FY2021$1.9M
FY2022$2.2M
FY2023$2.5M
FY2024$2.8M
Net assets
$673K
FY2024▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$308K
FY2020$441K
FY2021$624K
FY2022$345K
FY2023$531K
FY2024$673K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1956.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

24 people listed on the 990; $680K paid to officers and key staff.

Part VII, Section A · reportable compensation
Michele M Jones
Executive Vice President/C
$281,541Pt VII · Sec A
Julie McLaughlin
Senior Director of Publica
$142,737Pt VII · Sec A
Erin Penberthy
Senior Director Meetings a
$129,893Pt VII · Sec A
Kristin V Didomenico
Vice President
$125,427Pt VII · Sec A
Rob Elsey
At-Large Associate Rep.
$0Pt VII · Sec A
Louis Walton
Associates Committee Appoi
$0Pt VII · Sec A
J Kenneth Freeman
Past President Advisors
$0Pt VII · Sec A
Mellanie Askew
At-Large Representatives
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2020
Michele M Jones$281,541$273,374$253,018$229,877$233,239$213,835
Julie McLaughlin$142,737$137,328$131,485$119,538$118,623$112,062
Erin Penberthy$129,893$122,105$102,583———
Kristin V Didomenico$125,427$121,368$114,683$103,868$102,135$90,627

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See National Insulation Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports the commercial and industrial insulation industry for general welfare.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Convention- the association's annual convention is designed to assemble industry participants to educate them on industry development, trends, as well as sound business practices, and to provide an opportunity for person-to-person networking.

Pt IX · col B
02

Educational programs- the association's educational programs include manuals, CDS, brochures, and training programs specially developed to meet the needs of the commercial and industrial mechanical insulation industry.

Pt IX · col B
03

Insulation outlook magazine, digital ads, directory, annual report, newsletter and member participation on the INSULATION.ORG website

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Foundation for Mechanical Insulation Education Training & Industry AdvancemenFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $186K · 2022–2024
Foundation for Mechanical Insulation Education Training & Industry AdvancemenVA · FY2024$96,267
Foundation for Mechanical Insulation Education Training & Industry AdvancemenVA · FY2023$25,000
Foundation for Mechanical Insulation Education Training & Industry AdvancemenVA · FY2022$51,524
Folds of Honor FoundationTX · FY2022$13,259

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$2.1M
Other incomeLn 4–11$709K
Investment incomeLn 3$72K
Money outPt IX
$2.8M
Ln 25
Owns and owesPt X
$673K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
24
listed · VII A
PaidVII A4
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$72K
Other incomeLn 4–11$709K
Gains on assetsLn 7$19K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$424K
SavingsLn 2$661K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$835K
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$18K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.5M
Net assetsLn 32$673K
OperationsPt I, VI
EmployeesI 58
VolunteersI 619
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M$1.1M
InvestmentsLn 11–13$760K$835K
Land, buildings, equipmentLn 10c$10K$14K
Total assetsLn 16$2.0M$2.1M
LiabilitiesLn 26$1.5M$1.5M
Net assetsLn 32$531K$673K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$96K
Pay of current officers, directors and key staffLn 5$494K
Other salaries and wagesLn 7$667K
Pension plan contributionsLn 8$41K
Other employee benefitsLn 9$14K
Payroll taxesLn 10$69K
Legal feesLn 11b$33K
Accounting feesLn 11c$104K
Investment management feesLn 11f$8K
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$150K
Office expensesLn 13$291K
Information technologyLn 14$55K
OccupancyLn 16$87K
TravelLn 17$86K
Conferences, conventions and meetingsLn 19$508K
Depreciation, depletion and amortizationLn 22$7K
InsuranceLn 23$23K
Other expenses (24a–d)Ln 24$89K
Total functional expensesLn 25$2.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.9M$2.8M$107K$673K 990 PDF
FY2023 $2.6M$2.5M$139K$531K 990 PDF
FY2022 $2.1M$2.2M−$151K$345K 990 PDF
FY2021 $2.1M$1.9M$142K$624K 990 PDF
FY2020 $1.8M$1.8M−$25K$308K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,934,878 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,000$10,000
I-9 Program service revenuePrior year $1,926,126$2,144,292
I-10 Investment incomePrior year $27,509$72,024
I-11 Other revenuePrior year $669,933$708,562
I-12 Total revenuePrior year $2,633,568$2,934,878
I-13 Grants and similar amounts paidPrior year $25,000$96,267
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,215,517$1,284,718
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,254,265$1,446,627
I-18 Total expensesPrior year $2,494,782$2,827,612
I-19 Revenue less expensesPrior year $138,786$107,266
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,934,878 across 7 lines filed
VIII-1d Related organizations$10,000
VIII-1h Total contributions, gifts and grants$10,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,144,292$2,144,292
VIII-3 Investment incomeExcluded from tax $52,709$52,709
VIII-7 Net gain or loss on sales of assetsExcluded from tax $19,315$19,315
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $708,562$708,562
VIII-12 Total revenueRelated to mission $2,144,292 · Unrelated business $708,562 · Excluded from tax $72,024$2,934,878
Part IX · Statement of functional expenses $2,827,612 across 19 lines filed
IX-1 Grants to domestic organizations$96,267
IX-5 Pay of current officers, directors and key staff$493,518
IX-7 Other salaries and wages$667,018
IX-8 Pension plan contributions$41,054
IX-9 Other employee benefits$14,281
IX-10 Payroll taxes$68,847
IX-11b Legal fees$33,197
IX-11c Accounting fees$104,283
IX-11f Investment management fees$8,034
IX-11g Other fees for services$4,927
IX-12 Advertising and promotion$149,565
IX-13 Office expenses$290,995
IX-14 Information technology$55,381
IX-16 Occupancy$87,314
IX-17 Travel$85,855
IX-19 Conferences, conventions and meetings$508,135
IX-22 Depreciation, depletion and amortization$7,430
IX-23 Insurance$22,736
IX-24 Other expenses (24a–d)$88,775
IX-25 Total functional expenses$2,827,612
Part X · Balance sheet $2,136,249 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,042,831$423,933
X-2 Savings and temporary cash investments$660,840
X-4 Accounts receivableStart of year $72,040$80,160
X-9 Prepaid expenses and deferred chargesStart of year $93,113$104,299
X-10c Land, buildings and equipment, netStart of year $9,749$13,867
X-11 Publicly traded securitiesStart of year $760,353$834,965
X-15 Other assetsStart of year $46,369$18,185
X-16 Total assetsStart of year $2,024,455$2,136,249
X-17 Accounts payable and accrued expensesStart of year $373,392$284,732
X-19 Deferred revenueStart of year $590,350$660,173
X-25 Other liabilitiesStart of year $530,072$518,805
X-26 Total liabilitiesStart of year $1,493,814$1,463,710
X-27 Net assets without donor restrictionsStart of year $530,641$672,539
X-32 Total net assets or fund balancesStart of year $530,641$672,539
X-33 Total liabilities and net assetsStart of year $2,024,455$2,136,249
Part XI · Reconciliation of net assets $672,539 net assets at year end
XI-1 Total revenue$2,934,878
XI-2 Total expenses$2,827,612
XI-3 Revenue less expenses$107,266
XI-4 Net assets at start of year$530,641
XI-5 Net unrealized gains (losses) on investments$34,632
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$672,539

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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