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← AGRICULTURAL & APPLIED ECONOMICS ASSOCIATION

Form 990 for tax year 2022

Filed by AGRICULTURAL & APPLIED ECONOMICS ASSOCIATION.

Totals

Total revenue
$1,426,140
Total expenses
$1,602,124
Contributions and grants received
$38,423
Grants paid
$68,243
Program service revenue
$1,180,263
Investment income
$204,999
Other revenue
$2,455
Total assets, end of year
$6,811,829
Total liabilities, end of year
$204,157
Net assets or fund balances, end of year
$6,607,672
Program services expenses (Part IX)
$1,099,053
Management and general expenses
$503,071
Fundraising expenses
$0
Program service expenses (Part III)
$1,099,053

Program services were 68.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $38,423

  • 2a · Program service revenue: ANNUAL MEETING

    total $514,359 · related or exempt $514,359

  • 2b · Program service revenue: ROYALTIES

    total $413,523 · related or exempt $413,523

  • 2c · Program service revenue: MEMBERSHIP DUES & ETC.

    total $167,566 · related or exempt $167,566

  • 2d · Program service revenue: EMPLOYMENT CENTER

    total $53,500 · unrelated business $53,500

  • 2e · Program service revenue: SECTIONS INCOME

    total $10,438 · related or exempt $10,438

  • 2f · All other program service revenue

    total $20,877 · related or exempt $20,877

  • 3 · Investment income

    total $204,999 · excluded $204,999

  • 7a · Gross sales of assets other than inventory

    securities $145,081

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

    securities $145,081

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $2,455 · related or exempt $2,455

  • 11e · Other revenue, total

    $2,455

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 2 · Grants to domestic individuals

    total $53,243 · program services $53,243

  • 11a · Fees: management

    total $644,607 · program services $265,843 · management and general $378,764

  • 11b · Fees: legal

    total $13,040 · management and general $13,040

  • 11c · Fees: accounting

    total $9,995 · management and general $9,995

  • 11f · Fees: investment management

    total $21,611 · management and general $21,611

  • 11g · Fees: other

    total $157,781 · program services $157,781

  • 12 · Advertising and promotion

    total $80 · program services $80

  • 13 · Office expenses

    total $27,204 · program services $5,099 · management and general $22,105

  • 14 · Information technology

    total $18,848 · program services $9,383 · management and general $9,465

  • 17 · Travel

    total $76,224 · program services $71,868 · management and general $4,356

  • 19 · Conferences, conventions and meetings

    total $382,831 · program services $382,831

  • 23 · Insurance

    total $18,055 · program services $2,178 · management and general $15,877

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $12,810 · management and general $12,810

  • 24b · Other expenses: JOURNAL EXPENSES

    total $111,054 · program services $111,054

  • 24c · Other expenses: OUTREACH

    total $17,689 · program services $17,689

  • 24d · Other expenses: COMMUNICATION

    total $14,938 · management and general $14,938

  • 24e · All other expenses

    total $7,114 · program services $7,004 · management and general $110

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $260,907 · end of year $134,852

  • 2 · Savings and temporary cash investments

    beginning of year $28,235 · end of year $28,326

  • 4 · Accounts receivable

    beginning of year $85,295 · end of year $100,916

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,326 · end of year $7,107

  • 11 · Investments: publicly traded securities

    beginning of year $8,403,297 · end of year $6,540,628

  • 17 · Accounts payable and accrued expenses

    beginning of year $195,711 · end of year $58,905

  • 19 · Deferred revenue

    beginning of year $82,811 · end of year $100,024

  • 25 · Other liabilities

    beginning of year $26,905 · end of year $45,228

  • 27 · Net assets without donor restrictions

    beginning of year $8,186,167 · end of year $6,321,078

  • 28 · Net assets with donor restrictions

    beginning of year $293,466 · end of year $286,594

Mission and programs · 2022

Mission

THE ASSOCIATION IS A PROFESSIONAL SOCIETY COMMITTED TO FURTHERING KNOWLEDGE ABOUT THE ECONOMICS OF AGRICULTURE, RURAL COMMUNITIES, AND NATURAL RESOURCES.

  • ANNUAL MEETING: THE ORGANIZATION'S ANNUAL MEETING INCLUDES VARIOUS EDUCATIONALSESSIONS ON TOPICS IN AGRICULTURAL ECONOMICS INCLUDING INVITED PAPER SESSIONS, PREAND POST CONFERENCE WORKSHOPS & POSTER SESSIONS. OTHER EVENTS INCLUDE THE KEYNOTEAND PRESIDENTIAL SPEECHES AS WELL AS AN EMPLOYMENT CENTER.

    Expenses $682,738 · Grants $26,209 · Revenue $514,359

  • PUBLICATIONS: THE AMERICAN JOURNAL OF AGRICULTURAL ECONCOMICS (AJAE) IS THE LEADING JOURNAL OF AGRICULTURAL ECONOMICS. AJAE PROVIDES A FORUM FOR CREATIVE & SCHOLARLY WORK ON ECONOMICS OF AGRICULTURE AND FOOD, NATURAL RESOURCES AND THE ENVIRONMENT. ANOTHER JOURNAL PRODUCED BY AAEA, THE APPLIED ECONOMIC PERSPECTIVE & POLICY, AIMS TO PRESENT HIGH-QUALITY RESEARCH IN A FORUM THAT IS INFORMATIVE TO A BROAD AUDIENCE, BOTH INSIDE AND OUTSIDE ACADEMIA.

    Expenses $111,054 · Revenue $3,515

  • AAEA TRUST: THE TRUST IS FORMED WITHIN THE ASSOCATION FOR THE PURPOSE OF SOLICITING FUNDS AND BUILDING AN ENDOWMENT TO SUPPORT PROGRAMS BEYOND THOSE THAT CAN BE FUNDED THROUGH THE ASSOCIATION'S OPERATING BUDGET.

    Expenses $141,573 · Grants $32,000

  • OTHER PROGRAM SERVICE ACTIVITY FOR THE ASSOCIATION INCLUDES THE NEWSLETTER, WEBSITE, OUTREACH, SECTION ACTIVITY, AND OTHER MEETINGS AND CONFERENCES.

    Expenses $163,688 · Grants $10,034 · Revenue $611,344

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rodolfo Nayga Jr

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Madhu Khanna

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Carola Grebitus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Titus Awokuse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Ando

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Muhammad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Beatty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elena Irwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dawn Thilmany McFadden

    PAST-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349321407

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