Heat Exchange Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131657908 ✦ Cleveland, OH ✦ Designated as a 501(c)(6)

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Overview

What is Heat Exchange Institute Inc?

Heat Exchange Institute Inc, located in Cleveland, Ohio, is a nonprofit organization primarily focused on promoting and advancing the interests of manufacturers in the heat exchange and vacuum apparatus industry. They achieve this through technical committee meetings, where industry standards and statistics are developed. These gatherings also provide a platform for industry executives to discuss and address challenges facing the power generation sector. Moreover, the organization hosts institute meetings to review technical data and discuss pertinent issues within the industry. The ultimate goal of Heat Exchange Institute Inc is to serve both the interests of the manufacturers and the public, encompassing areas such as manufacturing, engineering, safety, transportation, and other relevant topics within the industry.


Official website here: www.heatexchange.org

Is Heat Exchange Institute Inc legitimate?

Heat Exchange Institute Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Heat Exchange Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.heatexchange.org

What is the mission statement of Heat Exchange Institute Inc?

The Heat Exchange Institute Inc's mission is centered around promoting and advancing the interests of manufacturers of heat exchange and vacuum apparatus, as well as the public's interest in related fields. Their activities include developing standards and technical statistics at technical committee meetings, and bringing industry executives together at institute meetings to discuss industry issues and review technical data. This serves to further the Institute's exempt purpose of promoting the interests of manufacturers within the industry and benefiting the public.


Official website here: www.heatexchange.org

Who is the CEO of Heat Exchange Institute Inc?

Rob Petrick is the Director of Heat Exchange Institute Inc.


Official website here: www.heatexchange.org

What is the revenue of Heat Exchange Institute Inc?

Heat Exchange Institute Inc's revenue in 2022 was $184,332.


Official website here: www.heatexchange.org

Who are the executives of Heat Exchange Institute Inc and what are their salaries?

There 17 volunteers at Heat Exchange Institute Inc.


Here are 15 key members and their salaries:


Akhilesh Bapat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Brucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Cameron (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Coskey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geoff Greenberg (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andreas Kobus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Koontz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Muldoon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ranga Nadig (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Petrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Rasmussen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Shoemaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Stinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Wyndrum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.heatexchange.org

Where can I find the form 990 for Heat Exchange Institute Inc?

Heat Exchange Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.heatexchange.org

Learn more at the official website: www.heatexchange.org

Mission Statement of Heat Exchange Institute Inc

Heat Exchange Institute Inc, as a nonprofit organization, is dedicated to promoting and advancing the interests of manufacturers of heat exchange and vacuum apparatus. Their mission extends beyond just the industry, aiming to serve the public's interests in manufacturing, engineering, safety, transportation, and other relevant areas within the industry. The institute achieves this mission through various activities. Technical committee meetings are a significant part of their operations, where they develop standards and technical statistics. These meetings play a crucial role in promoting and furthering the interests of the manufacturers in the industry.

Moreover, Institute meetings bring together industry executives to review technical data and discuss the various issues facing the power generation industry. This collaborative approach allows for a collective review of the industry's challenges and an opportunity for executives to share their insights, thereby furthering the exempt purpose of promoting and advancing the interests of the manufacturers in the industry and the interests of the public.

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Impact




October, 2024

Heat Exchange Institute Inc significantly influences the power generation industry by fostering collaboration among industry professionals and promoting the development of technical standards. Through its technical committee meetings, the organization brings together experts to devise and refine industry standards and technical statistics that enhance operational safety and efficiency. These gatherings also serve as a platform for executives to exchange knowledge, review pertinent technical data, and discuss pressing industry challenges.

By focusing on the interests of manufacturers of heat exchange and vacuum apparatus, the institute plays a vital role in advocating for the industry's advancements while also addressing public concerns regarding manufacturing, engineering, and safety practices. This dual approach not only advances industry standards but also contributes to community improvement by ensuring that manufacturers adhere to best practices that protect both the workforce and the environment. Overall, Heat Exchange Institute Inc serves as a crucial resource for promoting technical expertise and shaping the future of the power generation sector.




This information is meant to be a general summary of Heat Exchange Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$184,332 (2022)
Expenses
$233,690 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $272
  • Program Service Revenue: $6,671
  • Gross Receipts: $184,332

Assets and Liabilities:

  • Total Assets: $133,438
  • Total Liabilities: $7,738
  • Net Assets: $125,700

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PUBLICATION REVENUE

Revenue

$6,205

MEETING INCOME

Revenue

$466

Organization Details

Founding Year

1942

Principal Officer

Rob Petrick

Main Address

1300 SUMNER AVENUE, CLEVELAND, OH, 441152851

NTEE Category

Code: S41 - Community improvement

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