2018 SOURCES OF AAA REVENUE
● Membership Dues 32.3%
● Annual Meeting 24.8%
● Publications 29%
● Other Income 7.9%
● Grants and Contributions 4.1%
● Section Meetings 1.9%
2018 USES OF AAA REVENUE
● G&A and Development 2.1%
● Publications 21.4%
● Annual Meeting 18.2%
● Sections 5.5%
● Membership 7.5%
● Government Affairs, Marketing/Communications & Media Relations 7.7%
● Academic, Practicing, and Career Center 4.4%
● Public Education 3%
● Management & Governance 30.2%
Statement of Financial Position
Monday, December 31, 2018
(With Summarized Financial Information as of December 31, 2017)
|
2018 |
2017 |
|
|---|---|---|
|
ASSETS |
||
|
Cash and Cash Equivalents |
$505,219 |
$122,456 |
|
Accounts Receivable |
$533,762 |
$419,393 |
|
Prepaid Expenses and Other Assets |
$63,354 |
$24,540 |
|
Total Current Assets |
$1,102,335 |
$566,389 |
|
ACCOUNTS RECEIVABLE, LESS CURRENT PORTION |
$62,850 |
$49,394 |
|
PREPAID EXPENSES AND OTHER ASSETS, |
$97,493 |
$79,635 |
|
INVESTMENTS |
$14,719,873 |
$16,288,521 |
|
PROPERTY, EQUIPMENT, & WEBSITE NET |
$422,415 |
$457,059 |
|
Total Assets |
$16,404,966 |
$17,440,998 |
|
LIABILITIES AND NET ASSETS |
||
|
CURRENT LIABILITIES |
||
|
Accounts Payable and Accrued Expenses |
$737,833 |
$354,484 |
|
Deferred Membership and Subscription Revenue |
$859,604 |
$851,586 |
|
Deferred Life Member Revenue |
$10,065 |
$10,065 |
|
Deferred Lease Benefit |
$33,536 |
$24,313 |
|
Deferred Tenant Allowance |
$46,886 |
$46,886 |
|
Total Current Liabilities |
$1,687,924 |
$1,287,334 |
|
DEFERRED LIFE MEMBER REVENUE |
$162,228 |
$160,591 |
|
DEFERRED LEASE BENEFIT, Less Current Portion |
$270,039 |
$303,575 |
|
DEFERRED TENANT ALLOWANCE, Less Current Portion |
$210,989 |
$257,875 |
|
Total Liabilities |
$2,331,180 |
$2,009,375 |
|
NET ASSETS |
||
|
Without Donor Restrictions: |
||
|
Designated – Operating |
$7,669,957 |
$9,420,164 |
|
Designated – Sections |
$4,222,785 |
$4,077,864 |
|
Designated – Quasi Endowments |
$592,280 |
$456,154 |
|
Designated – Other |
$27,350 |
$19,739 |
|
Total Without Donor Restriction |
$12,512,372 |
$13,973,921 |
|
With Donor Restrictions: |
|
|
|
Purpose Restrictions |
$803,694 |
$726,551 |
|
Perpetual in Nature |
$757,720 |
$731,151 |
|
Total With Donor Restrictions |
$1,561,414 |
$1,457,702 |
|
Total Net Assets |
$14,073,786 |
$15,431,623 |
|
Total Liabilities and Net Assets |
$16,404,966 |
$17,440,998 |
Statement of Activities
For the year ending December 31, 2018 (with summarized financial information for the year ending December 31, 2017)
|
Without Donor Restrictions |
With Donor Restrictions |
2018 |
2017 |
|
|---|---|---|---|---|
|
OPERATING REVENUES AND OTHER SUPPORT |
||||
|
Membership Dues |
$1,654,592 |
$- |
$1,654,592 |
1,699,289 |
|
Annual Meeting |
1,273,780 |
– |
$1,273,780 |
1,402,392 |
|
Publications |
1,487,585 |
– |
$1,487,585 |
1,286,449 |
|
Grants and Contributions |
79,589 |
131,370 |
$210,959 |
284,731 |
|
Other Income |
403,821 |
– |
$403,821 |
1,367,048 |
|
Section Meetings/Workshops |
96,859 |
– |
$96,859 |
141,079 |
|
Net Assets Released from Restrictions: |
– |
– |
– |
|
|
Satisfaction of Program Restrictions |
90,978 |
(90,978) |
– |
|
|
Total Revenue and Support |
5,087,204 |
40,392 |
5,127,596 |
6,180,988 |
|
OPERATING EXPENSES |
||||
|
Publications |
1,287,781 |
– |
1,287,781 |
1,138,893 |
|
Annual Meeting |
1,095,364 |
– |
1,095,364 |
857,425 |
|
Sections |
328,809 |
– |
328,809 |
449,207 |
|
Academic, Practicing and Career Center |
266,360 |
– |
266,360 |
227,468 |
|
Membership |
453,277 |
– |
453,277 |
386,649 |
|
Government Affairs, Marketing/ |
– |
– |
– |
– |
|
Communications and Media Relations |
464,857 |
– |
464,857 |
429,569 |
|
Public Education |
182,306 |
– |
182,306 |
149,562 |
|
Management and Governance |
1,813,377 |
– |
1,813,377 |
1,881,299 |
|
Development |
126,860 |
– |
126,860 |
62,035 |
|
Total Operating Expenses |
6,018,991 |
– |
6,018,991 |
5,582,107 |
|
CHANGE IN NET ASSETS BEFORE INVESTMENT INCOME |
(931,787) |
40,392 |
(891,395) |
598,881 |
|
INVESTMENT INCOME |
||||
|
Interest and Dividends |
248,509 |
63,320 |
311,829 |
252,405 |
|
Investment Fees |
(135,484) |
– |
(135,484) |
(125,641) |
|
Net Realized/Unrealized (Loss) Gains |
– |
– |
– |
– |
|
on Investments |
(642,787) |
– |
(642,787) |
1,644,840 |
|
Total Investment Income, Net |
(529,762) |
63,320 |
(466,442) |
1,771,604 |
|
CHANGE IN NET ASSETS |
(1,461,549) |
103,712 |
(1,357,837) |
2,370,485 |
|
NET ASSETS, BEGINNING OF YEAR |
13,973,921 |
1,457,702 |
15,431,623 |
13,061,138 |
|
NET ASSETS, END OF YEAR |
$12,512,372 |
$1,561,414 |
$14,073,786 |
$15,431,623 |