2023-05-09T14:36:21-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 150 S WARNER ROAD SUITE 310 KING OF PRUSSIA PA 19406 990 2022-01-01 411998303 NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE NEWH 7038032980 PO BOX 222784 CHANTILLY VA 201532784 THOMAS J SOLES EXECUTIVE DIRECTOR 7038032980 2023-05-09 1 THOMAS SOLES 999009999 1 LAUREN N WEST P01970042 2156433900 2023-05-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS J SOLES PO BOX 222784 CHANTILLY VA 201532784 713717 0 X WWW.NEWHORIZONSFOUNDATION.ORG X 2001 VA TO PROVIDE RESEARCH THAT WILL GIVE HVAC AND SHEET METAL CONTRACTORS A COMPETITIVE EDGE. 9 8 0 60 0 0 32664 180833 1980 892 213579 72984 0 0 248223 254709 0 0 0 0 0 0 0 0 0 280839 233689 280839 233689 -32616 21020 5594199 4793801 0 18093 5594199 4775708 X THE FOUNDATION'S PURPOSE IS TO PROVIDE RESEARCH THAT WILL GIVE HVAC AND SHEET METAL CONTRACTORS A COMPETITIVE EDGE. 0 0 0 0 0 ORGANIZATIONAL ADOPTION OF NEW TECHNOLOGIES:THIS RESEARCH PROJECT ADDRESSES THE QUESTION OF WHY SOME COMPANIES ARE ABLE TO SUCCESSFULLY ADOPT AND IMPLEMENT NEW TECHNOLOGIES AND METHODS, WHILE OTHER COMPANIES STRUGGLE. THROUGH A NATIONAL SURVEY AND INTERVIEWS OF SMACNA CONTRACTORS, THE TOP 8 MOST EFFECTIVE TECHNOLOGY IMPLEMENTATION MANAGEMENT PRACTICES FOR ORGANIZATIONAL ADOPTION OF NEW TECHNOLOGIES WERE IDENTIFIED. PUBLICATION DATE: JULY 2022RESEARCHERS: UNIVERSITY OF KANSAS AND UNC - CHARLOTTE 0 0 0 HUMAN DIMENSIONS ASSESSMENT OF TOP-PERFORMING PERSONNEL - PILOT STUDY:THIS RESEARCH PROJECT PILOTED A NATIONWIDE BENCHMARK OF HUMAN DIMENSIONS FOR PROJECT MANAGERS, FIELD LEADERS, ESTIMATORS, AND DETAILERS TO IDENTIFY WHAT IS "BEST-IN-CLASS" FOR THESE JOB FUNCTIONS. THE STUDY AIMS TO HELP SMACNA MEMBERS WITH HIRING NEW PERSONNEL, INTERNAL PROMOTION DECISIONS AND TALENT DEVELOPMENT. PUBLICATION DATE: SEPTEMBER 2022RESEARCHERS: ARIZONA STATE UNIVERSITY 21330 0 0 EFFECTIVE PROJECT CLOSE-OUT FOR HVAC/SHEET METAL CONTRACTORS: SUCCESSFUL PRACTICES GUIDE:THIS PROJECT INVESTIGATES DIFFERENT PROJECT CLOSE-OUT PROCESSES CURRENTLY UTILIZED BY VARIOUS HVAC AND SHEET METAL COMPANIES IN THE INDUSTRY. THROUGH A QUESTIONNAIRE AND INTERVIEWS COMPANIES' INTERNAL OPERATING PROCEDURES WERE DOCUMENTED AND EXAMINED TO IDENTIFY PROACTIVE ELEMENTS AND AREAS OF DELAY IN THE COMPANY'S INTERNAL CLOSE-OUT PROCESSES, INCLUDING:A. INTERNAL CLOSE-OUT PROCESSESB. INTERNAL PROJECT CONTROLSC. KEY COMMUNICATION PROTOCOLS(CONTINUED ON SCHEDULE O)D. DOCUMENT REQUIREMENTSE. USE OF TECHNOLOGY COMPLETION DATE: DECEMBER 2022PUBLICATION DATE: JANUARY 2023RESEARCHERS: CLEMSON UNIVERSITY 17315 0 0 THE CONTRACTOR'S PRACTICAL GUIDE ON TOOL MANAGEMENT SYSTEMS:GIVEN THE CRITICALITY OF TOOLS TO THE EVERYDAY TASKS OF ANY SHEET METAL AND HVAC CONTRACTING FIRM, AS WELL AS THE SIGNIFICANT DIRECT AND INDIRECT COSTS OF INADEQUATE AND LOST TOOLS AND THEIR REPLACEMENT, THERE IS A NEED FOR AN UP-TO-DATE AND PRACTICAL GUIDE THAT CONTRACTORS CAN EFFECTIVELY ADOPT TO INFORM THEIR TOOL MANAGEMENT.PROJECT AWARDED JANUARY 2022. EXPECTED PUBLICATION DATE: MARCH 2023RESEARCHERS: ARIZONA STATE UNIVERSITY 83783 0 0 MANAGING THE RISKS OF TODAY'S PROJECTS:OVER THE PAST TWO DECADES OWNERS OF CONSTRUCTION PROJECTS HAVE HAD A FOCUS ON COMPRESSING SCHEDULES FOR THEIR PROJECTS. AT THE SAME TIME, OWNERS ARE PUSHING FOR EARLIER COST CERTAINTY, MEANING CONTRACTORS ARE OFTEN EXPECTED TO COMMIT TO A CONTRACT COST AS EARLY AS DURING SCHEMATIC DESIGN. FINALLY, AS A RESULT OF THESE COMPRESSIONS OF SCHEDULE AND COST, DESIGN BUDGETS AND SCHEDULES HAVE CONCURRENTLY BEEN CUT, LEADING TO THE DELEGATION OF DESIGN TO TRADE CONTRACTORS. THIS LEAVES THE TRADE CONTRACTOR IN THE UNENVIABLE POSITION OF OWNING A GREAT DEAL MORE RISK THAN AT ANY TIME IN THE PAST. THIS STUDY WILL EXAMINE THESE PROJECT RISKS AND OFFER SOLUTIONS FOR MANAGING THEM.THIS PROJECT WAS APPROVED IN THE 4TH QUARTER 2020 BUT RESEARCH DID NOT BEGIN UNTIL THE 3RD QUARTER 2021 BECAUSE OF THE IMPACT OF COVID ON DATA COLLECTION.EXPECTED PUBLICATION DATE: MAY 2023RESEARCHER: FMI CORPORATION 60288 0 892 THE 2023 HVAC AND SHEET METAL INDUSTRY FUTURES STUDY UPDATE:THIS STUDY AIMS TO IDENTIFY THE POTENTIAL FUTURE STATE OF THE HVAC AND SHEET METAL INDUSTRY AND COMMUNICATE THE RESEARCH TO THE MEMBERSHIP. THIS MEANS: -IDENTIFYING PREVIOUS, CURRENT, AND ONGOING TRENDS THAT WILL ALLOW HVAC AND SHEET METAL SECTOR STAKEHOLDERS TO POSITION THEIR COMPANIES TO MANAGE AND CAPITALIZE ON RISKS AND OPPORTUNITIES;-DESCRIBING THE ENVISIONED FUTURE OF THE HVAC AND SHEET METAL INDUSTRY;-ENABLING THE INFORMATION TO BE OPERATIONALIZED SO COMPANIES CAN CREATE A LONG-TERM STRATEGY TO MANAGE AND SUCCEED IN THE FUTURE BUSINESS CLIMATE.PROJECT AWARDED AUGUST 2022. EXPECTED PUBLICATION DATE: JUNE 2023RESEARCHERS: MAXIM CONSULTING 161386 0 892 182716 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X LEILA SADER 7039954030 4201 LAFAYETTE CENTER DRIVE CHANTILLY VA 20151 AARON HILGER DIRECTOR 2.00 33.00 X 0 407000 75853 GUY GAST CHAIRMAN 1.00 5.00 X X 0 0 0 ANGELA SIMON VICE CHAIR 1.00 5.00 X X 0 9724 0 RON RODGERS CHAIR EMERITUS 1.00 5.00 X 0 0 0 CAROL DUNCAN DIRECTOR 1.00 5.00 X 0 1471 0 TODD HILL DIRECTOR 1.00 5.00 X 0 0 0 ANTHONY KOCUREK DIRECTOR 1.00 5.00 X 0 5766 0 ALBERT LABELLA DIRECTOR 1.00 5.00 X 0 1644 0 TOM MARTIN DIRECTOR 1.00 5.00 X 0 0 0 THOMAS J SOLES EXECUTIVE DIRECTOR 5.00 35.00 X 0 64633 6463 0 490238 82316 0 0 1 0 0 180833 180833 PUBLICATION SALES 541900 892 892 892 98105 98105 433887 459008 -25121 -25121 -25121 254709 892 0 72984 X 17194 17194 136000 136000 25602 25602 945 778 167 9169 9169 21845 21845 1740 1740 ADMIN FEE 10000 7402 2598 DOCUMENT MANAGEMENT 9625 9625 MISCELLANEOUS EXPENSES 1569 1569 233689 182716 50973 0 34329 209799 1210616 246747 190160 142560 129 3191 1450 4554 4554 0 0 4155774 4193245 5594199 4793801 18093 0 18093 X 5404039 4633148 190160 142560 5594199 4775708 5594199 4793801 21020 -839511 0 X 0 1 X 1 0 X 167000 121153 128707 32664 180833 630357 167000 121153 128707 32664 180833 630357 276940 353417 65002 75534 59319 51780 98105 349740 980097 136511 0.36060 0.33670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4554 4554 0 0 X -544802 -839511 40000 -799511 254709 0 254709 273689 40000 40000 233689 0 233689 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND HAS BEEN DESIGNATED BY THE INTERNAL REVENUE SERVICE AS A "PUBLICY SUPPORTED ORGANIZATION UNDER SECTION 509(A)(1) OF THE CODE. DURING 2022, THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN ACCRUED IN THESE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 AARON HILGER DIRECTOR 0 388000 0 19000 0 0 0 39400 0 36453 0 482853 0 0 PART 1, LINE 3 THE FOUNDATION'S EXECUTIVE DIRECTOR (THOMAS J. SOLES) RECEIVES COMPENSATION FROM A RELATED ORGANIZATION. THIS RELATED ORGANIZATION ESTABLISHES THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON A COMPENSATION SURVEY OR STUDY THAT IS DELIBERATED AND APPROVED BY THE RELATED ORGANIZATION'S COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 1A AN EXECUTIVE COMMITTEE CONSISTING OF THE CHAIR AND VICE CHAIR OF THE NEW HORIZONS FOUNDATION HAS THE POWER TO MAKE A DECISION IF TIME IS OF THE ESSENCE. FORM 990, PART VI, SECTION A, LINE 7A NEW DIRECTORS MAY BE APPPOINTED BY THE EXECUTIVE COMMITTEE OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND A DRAFT IS SENT ELECTRONICALLY TO THE BOARD OF DIRECTORS OF THE FOUNDATION FOR REVIEW. THE BOARD PREVIOUSLY HAD BEEN NOTIFIED OF THIS PROCEDURE AND THE BOARD MEMBERS ARE GIVEN 10 DAYS IN WHICH TO EXAMINE THE FORM 990 AND COMMUNICATE WITH THE CONTROLLER OF THE FOUNDATION IN THE EVENT ANY DIRECTOR HAS ANY QUESTIONS OR COMMENTS. AT THE REQUEST OF ANY DIRECTOR, OR IF THERE ARE QUESTIONS OR COMMENTS THAT CANNOT BE ADEQUATELY AND FULLY ADDRESSED, THE CONTROLLER WILL ARRANGE A CONFERENCE CALL FOR ALL DIRECTORS TO DISCUSS THE FORM 990 AND WHETHER OR NOT REVISIONS ARE NEEDED BEFORE IT IS FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION FOLLOWS THE CONFLICT OF INTEREST POLICY PRESENT IN THEIR RELATED ORGANIZATIONS GOVERNING DOCUMENTS. THIS POLICY COVERS ANYONE SERVING AS AN OFFICER, DIRECTOR, COMMITTEE MEMBER, TASK FORCE MEMBER OR EMPLOYEE OF THESE ORGANIZATIONS. A CHECK FOR CONFLICT OF INTEREST IS PERFORMED ANNUALLY AND IS THE RESPONSIBILITY OF THE EXECUTIVER DIRECTOR. ANY PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN MEETINGS OR VOTING REGARDING THIS CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S CONFLICT OF INTEREST POLICY, DOCUMENT RETENTION POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT FEES - TOOLS & MANAGEMENT SYSTEMS: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. CONSULTANT FEES - MANAGING PROJCT RISKS: PROGRAM SERVICE EXPENSES 63,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,750. CONSULTANT FEES - NHF FUTURE STUDY UPDATE: PROGRAM SERVICE EXPENSES 45,250. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,250. CONSULTANT FEES - PRODUCT IMPROVEMENT: PROGRAM SERVICE EXPENSES 17,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,000. SM & AC CONTRACTOR'S NATIONAL ASSOCIATION 4201 LAFAYETTE CENTER DRIVE CHANTILLY VA 20151 362099048 ADVANCE SHEET METAL INDUSTRY VA 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0