Financial Report

2019 SOURCES OF AAA REVENUE

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

2018 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,
Less Current Portion

$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
Total

2018
Total

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