Refrigerating Engineers & Technici

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To enhance the professional development of industrial refrigeration operating and technical Engineers. This is accomplished through education, certification, regional seminars, and national conferences.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 17 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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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
5 of 5
filings with a surplus
Average surplus $661K a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$802K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+14% vs prior year
Spent
$3.5M
To programs
0%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$4.3M
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$3.0M
FY2022$3.7M
FY2023$3.8M
FY2024$4.3M
Expenses
$3.5M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$2.4M
FY2022$2.6M
FY2023$3.4M
FY2024$3.5M
Net assets
$5.2M
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.8M
FY2022$4.0M
FY2023$4.4M
FY2024$5.2M

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 Dec 1968.

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

Who runs it and what they're paid

26 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$198,622Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive V.
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Seconf V.p.
$0Pt VII · Sec A
Chairman Thr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
James Barron$198,622$173,978$172,772$166,665—
Jim Barron————$167,947

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.

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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

Educates and certifies industrial refrigeration engineers through seminars and conferences.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Web training and certification establishes that an individual has met reta's experience, education, skill level and test requirements.

Pt IX · col B
02

Annual conference features technical presentation and premier equipment showcases. The 2024 conference had 1,317 attendees.

Pt IX · col B
03

Publication sales- sales of books and merchandise to members and nonmembers pertaining to refrigeration and technology.

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$14K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Fees for servicesLn 2g$3.8M
Other incomeLn 4–11$512K
Investment incomeLn 3$42K
Money outPt IX
$3.5M
Ln 25
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.5M
Total assetsLn 16$6.0M
LiabilitiesLn 26$802K
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$42K
Other incomeLn 4–11$512K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$4.5M
Cash and savings togetherLn 1–2$4.5M
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$6.0M
LiabilitiesLn 26$802K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 513
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$3.8M$4.5M
Land, buildings, equipmentLn 10c$1.2M$1.3M
Total assetsLn 16$5.2M$6.0M
LiabilitiesLn 26$851K$802K
Net assetsLn 32$4.4M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$226K
Other salaries and wagesLn 7$755K
Pension plan contributionsLn 8$12K
Other employee benefitsLn 9$170K
Payroll taxesLn 10$85K
Legal feesLn 11b$14K
Accounting feesLn 11c$34K
Other fees for servicesLn 11g$131K
Advertising and promotionLn 12$97K
Office expensesLn 13$146K
Information technologyLn 14$57K
OccupancyLn 16$50K
TravelLn 17$126K
Travel and entertainment for public officialsLn 18$65K
Conferences, conventions and meetingsLn 19$152K
Depreciation, depletion and amortizationLn 22$35K
InsuranceLn 23$14K
Other expenses (24a–d)Ln 24$1.1M
All other expensesLn 24e$201K
Total functional expensesLn 25$3.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.3M$3.5M$837K$5.2M 990 PDF
FY2023 $3.8M$3.4M$431K$4.4M 990 PDF
FY2022 $3.7M$2.6M$1.1M$4.0M 990 PDF
FY2021 $3.0M$2.4M$559K$2.8M 990 PDF
FY2020 $2.0M$1.7M$333K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $4,320,332 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,700$2,200
I-9 Program service revenuePrior year $3,313,918$3,764,283
I-10 Investment incomePrior year $38,414$42,159
I-11 Other revenuePrior year $444,292$511,690
I-12 Total revenuePrior year $3,798,324$4,320,332
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,125,039$1,247,331
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,242,740$2,235,702
I-18 Total expensesPrior year $3,367,779$3,483,033
I-19 Revenue less expensesPrior year $430,545$837,299
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,320,332 across 7 lines filed
Lines not itemized here account for $465,573 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,200
VIII-1h Total contributions, gifts and grants$2,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,688,233 · Unrelated business $76,050$3,764,283
VIII-3 Investment incomeExcluded from tax $42,159$42,159
VIII-6 Net rental income or lossExcluded from tax $25,874$25,874
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,243$20,243
VIII-12 Total revenueRelated to mission $4,174,049 · Unrelated business $76,050 · Excluded from tax $68,033$4,320,332
Part IX · Statement of functional expenses $3,483,033 across 19 lines filed
IX-5 Pay of current officers, directors and key staff$225,528
IX-7 Other salaries and wages$755,028
IX-8 Pension plan contributions$12,303
IX-9 Other employee benefits$169,519
IX-10 Payroll taxes$84,953
IX-11b Legal fees$14,076
IX-11c Accounting fees$33,500
IX-11g Other fees for services$130,642
IX-12 Advertising and promotion$97,241
IX-13 Office expenses$146,223
IX-14 Information technology$56,854
IX-16 Occupancy$49,757
IX-17 Travel$125,844
IX-18 Travel and entertainment for public officials$65,340
IX-19 Conferences, conventions and meetings$151,976
IX-22 Depreciation, depletion and amortization$34,537
IX-23 Insurance$13,770
IX-24 Other expenses (24a–d)$1,114,462
IX-24e All other expenses$201,480
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$3,483,033
Part X · Balance sheet $6,038,067 assets, 13 lines filed
Asset lines not itemized here account for $150,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $503$16,272
X-2 Savings and temporary cash investmentsStart of year $3,829,748$4,505,931
X-4 Accounts receivableStart of year $9,162$18,136
X-9 Prepaid expenses and deferred chargesStart of year $30,460$36,084
X-10c Land, buildings and equipment, netStart of year $1,229,495$1,311,644
X-16 Total assetsStart of year $5,249,894$6,038,067
X-17 Accounts payable and accrued expensesStart of year $285,009$185,660
X-19 Deferred revenueStart of year $565,984$616,207
X-26 Total liabilitiesStart of year $850,993$801,867
X-27 Net assets without donor restrictionsStart of year $4,355,650$5,190,749
X-28 Net assets with donor restrictionsStart of year $43,251$45,451
X-32 Total net assets or fund balancesStart of year $4,398,901$5,236,200
X-33 Total liabilities and net assetsStart of year $5,249,894$6,038,067
Part XI · Reconciliation of net assets $5,236,200 net assets at year end
XI-1 Total revenue$4,320,332
XI-2 Total expenses$3,483,033
XI-3 Revenue less expenses$837,299
XI-4 Net assets at start of year$4,398,901
XI-10 Net assets at end of year$5,236,200

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

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