2019 SOURCES OF AAA REVENUE
● Membership Dues 29.69% – $1,571,762
● Annual Meeting 23.41% – $1,239,316
● Publications 27.95% – $1,479,738
● Other Income 8.46% – $448,030
● Grants and Contributions 7.09% – $375,620
● Section Meetings 3.4% – $179,732
Total Revenue & Support: $5,294,198
2019 USES OF AAA REVENUE
● Development 5.1% – $329,837
● Publications 20.4% – $1,316,000
● Annual Meeting 16.6% – $1,070,691
● Sections 9% – $570,883
● Membership 7.5% – $485,792
● Government Affairs, Marketing/ Communications & Media Relations 6.2% – $397,397
● Academic, Practicing, and Career Center 5.1% – $330,186
● Public Education 1.1% – $69,305
● Management & Governance 29% – $1,866,880
Total Expenses: $6,436,971
Statement of Financial Position
Tuesday, December 31, 2019 (with summarized financial information for the year ending December 31, 2018)
|
2019 |
2018 |
|
|---|---|---|
|
CURRENT ASSETS |
||
|
Cash and Cash Equivalents |
$269,212 |
$505,219 |
|
Accounts Receivable |
$454,263 |
$533,762 |
|
Prepaid Expenses and Other Assets |
57,176 |
$63,354 |
|
Total Current Assets |
$780,651 |
$1,102,335 |
|
PROPERTY, EQUIPMENT & WEBSITE NET |
$323,313 |
$422,415 |
|
Long-Term Assets |
. |
. |
|
ACCOUNTS RECEIVABLE, LESS CURRENT PORTION |
$86,323 |
$62,850 |
|
PREPAID EXPENSES AND OTHER ASSETS, |
$86,997 |
$97,493 |
|
INVESTMENTS |
$16,408,828 |
$14,719,873 |
|
Total Other Assets |
$16,582,148 |
$14,880,216 |
|
Total Assets |
$17,686,112 |
$16,404,966 |
|
LIABILITIES AND NET ASSETS |
||
|
CURRENT LIABILITIES |
||
|
Accounts Payable and Accrued Expenses |
$394,953 |
$737,833 |
|
Deferred Membership and Subscription Revenue |
$811,121 |
$859,604 |
|
Deferred Life Member Revenue |
$15,537 |
$10,065 |
|
Deferred Lease Benefit |
$42,989 |
$33,536 |
|
Deferred Tenant Allowance |
$46,886 |
$46,886 |
|
Total Current Liabilities |
$1,311,486 |
$1,687,924 |
|
DEFERRED LIFE MEMBER REVENUE |
$162,230 |
$162,228 |
|
DEFERRED LEASE BENEFIT, Less Current Portion |
$227,050 |
$270,039 |
|
DEFERRED TENANT ALLOWANCE, Less Current Portion |
$164,102 |
$210,989 |
|
Total Liabilities |
$1,864,868 |
$2,331,180 |
|
NET ASSETS |
||
|
Without Donor Restrictions: |
||
|
Designated – Operating |
$9,146,304 |
$7,669,957 |
|
Designated – Sections |
$4,347,660 |
$4,222,785 |
|
Designated – Quasi Endowments |
$622,362 |
$592,280 |
|
Designated – Other |
$31,055 |
$27,350 |
|
Total Without Donor Restriction |
$14,147,381 |
$12,512,372 |
|
With Donor Restrictions: |
$1,673,863 |
$1,561,414 |
|
Total Net Assets |
$15,821,244 |
$14,073,786 |
|
Total Liabilities and Net Assets |
$17,686,112 |
$16,404,966 |
Statement of Activities
For the year ending December 31, 2019 (with summarized financial information for the year ending December 31, 2018)
|
Without Donor Restrictions |
With Donor Restrictions |
2019 |
2018 |
|
|---|---|---|---|---|
|
OPERATING SUPPORT AND REVENUE |
||||
|
Membership Dues |
$1,571,762 |
– |
$1,571,762 |
$1,654,592 |
|
Annual Meeting |
$1,239,316 |
– |
$1,239,316 |
$1,273,780 |
|
Publications |
$1,479,738 |
– |
$1,479,738 |
$1,487,585 |
|
Grants and Contributions |
$136,955 |
$238,665 |
$375,620 |
$210,959 |
|
Other Income |
$448,030 |
– |
$448,030 |
$403,821 |
|
Section Meetings/Workshops |
$179,732 |
– |
$179,732 |
$96,859 |
|
Total Revenue and Support |
$5,055,533 |
$238,665 |
$5,294,198 |
$5,127,596 |
|
OPERATING EXPENSES – Program Services |
||||
|
Publications |
$1,316,000 |
– |
$1,316,000 |
$1,287,781 |
|
Annual Meeting |
$1,070,691 |
– |
$1,070,691 |
$1,095,364 |
|
Sections |
$570,883 |
– |
$570,883 |
$328,809 |
|
Academic, Practicing and Career Center |
$330,186 |
– |
$330,186 |
$266,360 |
|
Membership |
$485,792 |
– |
$485,792 |
$453,277 |
|
Government Affairs, Marketing/ |
– |
– |
– |
– |
|
Communications and Media Relations |
$397,397 |
– |
$397,397 |
$464,857 |
|
Public Education |
$69,305 |
– |
$69,305 |
$182,306 |
|
Management and Governance |
$1,866,880 |
– |
$1,866,880 |
$1,813,377 |
|
Development |
$329,837 |
– |
$329,837 |
$126,860 |
|
Total Expenses |
$6,436,971 |
– |
$6,436,971 |
$6,018,991 |
|
NET ASSETS RELEASED FROM RESTRICTIONS |
– |
– |
– |
– |
|
Satisfaction of Purpose Restrictions |
126,216 |
(126,216) |
– |
– |
|
Change in Net Assets from Operations* |
($1,255,222) |
$112,449 |
($1,142,773) |
($891,395) |
|
INVESTMENT INCOME |
||||
|
Interest and Dividends |
$342,331 |
– |
$342,331 |
$311,829 |
|
Investment Fees |
($133,051) |
– |
($133,051) |
($135,484) |
|
Net Realized/Unrealized (Loss) Gains |
– |
– |
– |
– |
|
on Investments |
$2,680,951 |
– |
$2,680,951 |
($642,787) |
|
Total Investment Income, Net |
$2,890,231 |
– |
$2,890,231 |
($466,442) |
|
CHANGE IN NET ASSETS |
$1,635,009 |
$112,449 |
$1,747,458 |
($1,357,837) |
|
Net Assets, Beginning of Year |
$12,512,372 |
$1,561,414 |
$14,073,786 |
$15,431,623 |
|
NET ASSETS, END OF YEAR |
$14,147,381 |
$1,673,863 |
$15,821,244 |
$14,073,786 |
Footnotes
* This change in net assets includes approved spending from reserves to support new initiatives. For 2019 the approved amount was $850,026 and $640,669 in 2018.