Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,667,522

• 1f · All other contributions, gifts and grants

  $7,359,504

• 1g · Noncash contributions included above

  $191,056

• 2a · Program service revenue: ANNUAL NAT'L MEETINGS

  total $21,790,237 · related or exempt $21,790,237

• 2b · Program service revenue: ADVERTISING INCOME

  total $2,285,389 · unrelated business $2,285,389

• 2c · Program service revenue: INSURANCE CLAIMS INCOME

  total $1,125,000 · related or exempt $1,125,000

• 2d · Program service revenue: ANNUAL NATIONAL MEETINGS UBI

  total $473,726 · unrelated business $473,726

• 3 · Investment income

  total $1,760,413 · excluded $1,760,413

• 5 · Royalties

  total $7,512,096 · excluded $7,512,096

• 7a · Gross sales of assets other than inventory

  securities $19,080,720 · other assets $2,929

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

  securities $18,695,031 · other assets $0

• 7c · Gain or loss

  securities $385,689 · other assets $2,929

• 7d · Net gain or loss

  total $388,618 · related or exempt $2,929 · excluded $385,689

• 8a · Fundraising events: gross income

  $121,127

• 8a · Fundraising events: contributions included on line 1c

  $2,667,522

• 8b · Fundraising events: direct expenses

  $1,056,988

• 8c · Net income from fundraising events

  total -$935,861 · excluded -$935,861

• 10a · Gross sales of inventory

  $1,963,772

• 10b · Cost of goods sold

  $181,365

• 10c · Net income from sales of inventory

  total $1,782,407 · related or exempt $1,782,407

• 11a · Other revenue: AAD.ORG ADVERTISING

  total $408,976 · unrelated business $408,976

• 11b · Other revenue: OTHER REVENUE

  total $36,750 · related or exempt $36,750

• 11e · Other revenue, total

  $445,726

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,041,136 · program services $1,041,136

• 2 · Grants to domestic individuals

  total $567,192 · program services $567,192

• 3 · Grants to foreign organizations and individuals

  total $471,362 · program services $471,362

• 5 · Compensation of officers, directors and key employees

  total $6,131,836 · program services $3,180,758 · management and general $2,951,078

• 7 · Other salaries and wages

  total $14,422,316 · program services $10,197,512 · management and general $3,663,410 · fundraising $561,394

• 8 · Pension plan contributions

  total $1,402,045 · program services $863,843 · management and general $486,405 · fundraising $51,797

• 9 · Other employee benefits

  total $1,627,996 · program services $1,318,995 · management and general $265,790 · fundraising $43,211

• 10 · Payroll taxes

  total $1,104,512 · program services $691,619 · management and general $373,403 · fundraising $39,490

• 11b · Fees: legal

  total $456,017 · program services $201,396 · management and general $254,621

• 11c · Fees: accounting

  total $96,541 · management and general $96,541

• 11f · Fees: investment management

  total $200,989 · management and general $200,989

• 11g · Fees: other

  total $3,839,905 · program services $3,024,082 · management and general $807,751 · fundraising $8,072

• 12 · Advertising and promotion

  total $844,040 · program services $775,037 · management and general $26,954 · fundraising $42,049

• 13 · Office expenses

  total $1,332,623 · program services $1,178,077 · management and general $89,175 · fundraising $65,371

• 14 · Information technology

  total $2,923,866 · program services $2,265,131 · management and general $610,929 · fundraising $47,806

• 15 · Royalties

  total $3,873 · program services $3,873

• 16 · Occupancy

  total $598,901 · program services $397,861 · management and general $185,575 · fundraising $15,465

• 17 · Travel

  total $1,240,903 · program services $877,928 · management and general $289,972 · fundraising $73,003

• 19 · Conferences, conventions and meetings

  total $7,277,856 · program services $6,487,944 · management and general $499,338 · fundraising $290,574

• 20 · Interest

  total $104,101 · program services $48,481 · management and general $53,736 · fundraising $1,884

• 22 · Depreciation, depletion and amortization

  total $1,318,353 · program services $823,835 · management and general $462,496 · fundraising $32,022

• 23 · Insurance

  total $560,563 · program services $346,439 · management and general $204,359 · fundraising $9,765

• 24a · Other expenses: UNRELATED BUSINESS INCO

  total $163,040 · management and general $163,040

• 24b · Other expenses: MEMBERSHIP DUES

  total $118,291 · program services $68,826 · management and general $49,465

• 24c · Other expenses: WRITE OFF/BAD DEBT

  total $80,473 · program services $80,473

• 24d · Other expenses: RECRUITMENT EXPENSE

  total $46,510 · management and general $46,510

• 24e · All other expenses

  total $31,450 · program services $8,390 · management and general $21,176 · fundraising $1,884

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,170,682 · end of year $9,275,397

• 2 · Savings and temporary cash investments

  beginning of year $1,786,712 · end of year $993,553

• 3 · Pledges and grants receivable

  beginning of year $2,687,052 · end of year $2,297,130

• 4 · Accounts receivable

  beginning of year $5,839,738 · end of year $5,378,354

• 8 · Inventories for sale or use

  beginning of year $226,709 · end of year $204,603

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,247,880 · end of year $2,862,833

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

  $10,387,542

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

  $7,202,583

• 10c · Land, buildings and equipment, net

  beginning of year $3,780,934 · end of year $3,184,959

• 11 · Investments: publicly traded securities

  beginning of year $53,492,333 · end of year $58,925,222

• 15 · Other assets

  beginning of year $18,293,150 · end of year $25,570,062

• 17 · Accounts payable and accrued expenses

  beginning of year $5,379,396 · end of year $5,464,042

• 19 · Deferred revenue

  beginning of year $14,672,878 · end of year $18,056,701

• 23 · Secured mortgages and notes payable

  beginning of year $2,454,546 · end of year $2,045,455

• 25 · Other liabilities

  beginning of year $23,307,079 · end of year $32,075,174

• 27 · Net assets without donor restrictions

  beginning of year $34,267,578 · end of year $37,488,099

• 28 · Net assets with donor restrictions

  beginning of year $13,443,713 · end of year $13,562,642

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS IS ALLOWED FOR THE PRESIDENT, SECRETARY-TREASURERS, AND EXECUTIVE DIRECTOR/CEO, BY WRITTEN POLICY, ON FLIGHTS OF THREE HOURS OR MORE. TRAVEL FOR COMPANIONS, BY WRITTEN POLICY, FOR THE PRESIDENT, SECRETARY-TREASURERS, AND EXECUTIVE DIRECTOR/CEO, MAY BE ALLOWED WHEN TRAVELING AS AN OFFICIAL REPRESENTATIVE OF THE ACADEMY FOR WHICH THE EXPECTED LENGTH OF STAY IS THREE DAYS OR LONGER, OR AT WHICH THE SOCIAL ACTIVITIES ARE A STRONG COMPONENT OF THE MEETING. ON OCCASION, RECOGNIZED STAFF RECEIVE GIFT CARDS WITH VALUES RANGING FROM $25-$200, THE VALUE OF THESE CARDS ARE GROSSED-UP AND INCLUDED IN THE EMPLOYEE'S W-2.

PART I, LINES 4A-B

SHAWN FRIESEN RECEIVED A SEVERANCE PAYMENT OF $35,603.76. THE ORGANIZATION MAINTAINS A SEC. 457(F) PLAN FOR THE CEO. UNDER THE PLAN UP TO 5% OF CEO BASE COMPENSATION IS ACCRUED TO THE ACCOUNT. THE PLAN BALANCES ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AND VEST AT A FUTURE SPECIFIED TIME. DURING 2023, THE ORGANIZATION CREDITED THE CEO'S ACCOUNT. NO DISTRIBUTIONS WERE MADE DURING 2023.

PART I, LINE 6

INCENTIVE COMPENSATION PROGRAM FOR ALL LEVELS OF STAFF HAVE A GOAL ON REACHING BUDGET NET SURPLUS.

PART I, LINE 7

AS REPORTED IN SCHEDULE J, PART II, THE FOLLOWING PEOPLE RECEIVED BONUSES APPROVED BY THE EXECUTIVE DIRECTOR, FOR ACCOMPLISHMENT OF SIGNIFICANT WORK/ITEMS: ROSEMARIE BALK, KATHLEEN DOMANOWSKI, CARYN ETKIN, ERIK HORN, SUZANNE LOTHARY, TIMOTHY MOSES, MELANIE TOLLEY HALL

PART I, LINE 8

INITIAL CONTRACT EXCEPTION IN FORCE FOR CONTRACT WITH EXECUTIVE DIRECTOR. THE ORGANIZATION FOLLOWS STRINGENT GUIDELINES DESIGNED TO CREATE A REBUTTABLE PRESUMPTION OF REASONABLENESS FOR APPLICABLE COMPENSATION ARRANGEMENTS. SEE SCHEDULE O EXPLANATION APPLICABLE TO PART VI LINE 15 FOR FURTHER EXPLANATION OF THE COMPENSATION PROCESS.