Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,384,585

• 1g · Noncash contributions included above

  $1,484,679

• 2a · Program service revenue: IPW TRADE SHOW

  total $14,755,382 · related or exempt $10,906,953 · unrelated business $157,090 · excluded $3,691,339

• 2b · Program service revenue: MEMBERSHIP DUES

  total $14,442,082 · related or exempt $14,442,082

• 2c · Program service revenue: SPONSORSHIP

  total $845,375 · related or exempt $845,375

• 2d · Program service revenue: COALITION & COUNCIL FE

  total $86,369 · related or exempt $86,369

• 2e · Program service revenue: RESEARCH CONTRACTS

  total $69,162 · related or exempt $69,162

• 3 · Investment income

  total $885,028 · excluded $885,028

• 7a · Gross sales of assets other than inventory

  securities $42,589,786

• 7b · Less cost or other basis and sales expenses

  securities $43,267,598

• 7c · Gain or loss

  securities -$677,812

• 7d · Net gain or loss

  total -$677,812 · excluded -$677,812

• 11a · Other revenue: INSURANCE RECOVERY

  total $630,000 · excluded $630,000

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $333 · excluded $333

• 11e · Other revenue, total

  $630,333

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $79,367

• 5 · Compensation of officers, directors and key employees

  total $6,406,871

• 7 · Other salaries and wages

  total $7,648,570

• 8 · Pension plan contributions

  total $357,750

• 9 · Other employee benefits

  total $980,396

• 10 · Payroll taxes

  total $644,772

• 11b · Fees: legal

  total $353,288

• 11c · Fees: accounting

  total $91,021

• 11d · Fees: lobbying

  total $1,008,277

• 11f · Fees: investment management

  total $42,567

• 11g · Fees: other

  total $1,933,135

• 12 · Advertising and promotion

  total $509,552

• 13 · Office expenses

  total $161,921

• 14 · Information technology

  total $785,115

• 16 · Occupancy

  total $1,312,560

• 17 · Travel

  total $528,388

• 19 · Conferences, conventions and meetings

  total $7,485,264

• 22 · Depreciation, depletion and amortization

  total $377,730

• 23 · Insurance

  total $217,871

• 24a · Other expenses: MEMBERSHIPS & SUBSCRIPT

  total $385,200

• 24b · Other expenses: BANK & CREDIT CARD FEES

  total $369,737

• 24c · Other expenses: TAXES

  total $285,389

• 24e · All other expenses

  total $120,969

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,403,679 · end of year $4,292,270

• 2 · Savings and temporary cash investments

  beginning of year $18,807,630 · end of year $11,840,468

• 4 · Accounts receivable

  beginning of year $517,153 · end of year $198,010

• 9 · Prepaid expenses and deferred charges

  beginning of year $801,839 · end of year $939,692

• 10a · Land, buildings and equipment: cost or other basis

  $5,613,154

• 10b · Land, buildings and equipment: accumulated depreciation

  $4,623,798

• 10c · Land, buildings and equipment, net

  beginning of year $1,011,446 · end of year $989,356

• 11 · Investments: publicly traded securities

  beginning of year $308,531 · end of year $8,741,045

• 15 · Other assets

  beginning of year $4,377,370 · end of year $3,168,789

• 17 · Accounts payable and accrued expenses

  beginning of year $4,417,657 · end of year $4,092,264

• 19 · Deferred revenue

  beginning of year $6,597,055 · end of year $6,169,918

• 23 · Secured mortgages and notes payable

  beginning of year $4,023 · end of year $2,044

• 25 · Other liabilities

  beginning of year $5,785,446 · end of year $5,359,420

• 27 · Net assets without donor restrictions

  beginning of year $11,959,138 · end of year $14,370,379

• 28 · Net assets with donor restrictions

  beginning of year $464,329 · end of year $175,605

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS AIRFARE WAS PROVIDED TO THE CEO ON A LIMITED BASIS WHERE IN COMPLIANCE WITH THE US TRAVEL ASSOCIATION POLICY ON TRAVEL. EMPLOYEES IN CERTAIN LIMITED SITUATIONS AND ON A CASE BY CASE BASIS MAY TRAVEL AT A CLASS OTHER THAN COACH. THE AMOUNTS ARE NONTAXABLE TO THE EMPLOYEE. SPOUSAL TRAVEL IS PROVIDED TO EXECUTIVE VP'S A FEW TIMES DURING THE YEAR IF THE SPOUSE IS EXPECTED TO TAKE PART IN BUSINESS ACTIVITIES. THESE AMOUNTS ARE TAXABLE TO THE EMPLOYEE.

PART I, LINES 4A-B

DURING THE YEAR THERE WERE SEVERANCE PAYMENTS MADE TO TWO KEY EMPLOYEES. ALL AMOUNTS ARE PROPERLY REPORTED ON FORM W-2 AND IN FORM 990, PART VII AND ON FORM 990, SCHEDULE J, PART II. DUE TO THE CONFIDENTIAL NATURE OF THE TERMS OF THESE SEVERANCE AGREEMENTS, THE DETAILS WILL BE PROVIDED TO THE IRS UPON REQUEST. THE EMPLOYMENT AGREEMENTS FOR SELECT EMPLOYEES INCLUDE ASSOCIATION CONTRIBUTIONS TO A DEFERRED COMPENSATION PLAN. THE AMOUNTS ARE DEFINED BY THE AGREEMENTS, PAID ANNUALLY, AND DEPOSITED WITHIN THE PLAN'S INVESTMENT ACCOUNT. TOTAL EMPLOYER CONTRIBUTIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, WERE $650,000 AND $435,049, RESPECTIVELY. A PORTION OF THE EMPLOYER CONTRIBUTIONS WILL VEST OVER THE NEXT TWO YEARS. DURING 2023 AND 2022, THE ASSOCIATION DISTRIBUTED $152,406 AND $608,832, RESPECTIVELY. THE CUMULATIVE DEFERRED COMPENSATION LIABILITY BALANCE AT DECEMBER 31, 2023 AND 2022, IS $816,824 AND $303,951, RESPECTIVELY. THE DEFERRED COMPENSATION PLAN ASSETS ARE INCLUDED IN INVESTMENTS IN THE AUDITED FINANCIAL STATEMENTS.