Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,289,972

• 1f · All other contributions, gifts and grants

  $2,637,291

• 2a · Program service revenue: FEES

  total $21,787,855 · related or exempt $21,593,076 · unrelated business $194,779

• 2b · Program service revenue: SUBSCRIPTIONS

  total $11,796,093 · related or exempt $11,796,093

• 2c · Program service revenue: MEMBERSHIP DUES

  total $2,406,017 · related or exempt $2,406,017

• 2d · Program service revenue: ADVERTISING

  total $768,234 · unrelated business $768,234

• 2e · Program service revenue: SPONSORSHIP

  total $479,346 · related or exempt $479,346

• 3 · Investment income

  total $2,512,727 · excluded $2,512,727

• 5 · Royalties

  total $676,425 · excluded $676,425

• 6a · Gross rents

  real property $944,546

• 6b · Less rental expenses

  real property $829,060

• 6c · Rental income or loss

  real property $115,486

• 6d · Net rental income or loss

  total $115,486 · unrelated business $57,599 · excluded $57,887

• 7a · Gross sales of assets other than inventory

  securities $18,181,198

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

  securities $15,583,615

• 7c · Gain or loss

  securities $2,597,583

• 7d · Net gain or loss

  total $2,597,583 · excluded $2,597,583

• 10a · Gross sales of inventory

  $401,264

• 10b · Cost of goods sold

  $260,546

• 10c · Net income from sales of inventory

  total $140,718 · related or exempt $140,718

• 11a · Other revenue: REBATES AND OTHER

  total $1,087,837 · excluded $1,087,837

• 11e · Other revenue, total

  $1,087,837

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $117,195 · program services $117,195

• 2 · Grants to domestic individuals

  total $552,919 · program services $552,919

• 3 · Grants to foreign organizations and individuals

  total $52,859 · program services $52,859

• 5 · Compensation of officers, directors and key employees

  total $2,456,137 · program services $1,617,134 · management and general $839,003

• 7 · Other salaries and wages

  total $16,954,413 · program services $11,174,585 · management and general $5,779,828

• 8 · Pension plan contributions

  total $1,237,405 · program services $814,714 · management and general $422,691

• 9 · Other employee benefits

  total $2,193,413 · program services $1,447,630 · management and general $745,783

• 10 · Payroll taxes

  total $1,285,573 · program services $846,428 · management and general $439,145

• 11a · Fees: management

  total $118,263 · program services $115,728 · management and general $2,535

• 11b · Fees: legal

  total $195,272 · program services $157,989 · management and general $37,283

• 11c · Fees: accounting

  total $105,064 · management and general $105,064

• 11d · Fees: lobbying

  total $394,311 · management and general $394,311

• 11f · Fees: investment management

  total $501,882 · management and general $501,882

• 11g · Fees: other

  total $5,921,175 · program services $4,313,429 · management and general $1,607,746

• 12 · Advertising and promotion

  total $200,557 · program services $139,330 · management and general $61,227

• 13 · Office expenses

  total $2,033,070 · program services $1,918,317 · management and general $114,753

• 14 · Information technology

  total $2,535,578 · program services $1,769,872 · management and general $765,706

• 15 · Royalties

  total $72,588 · program services $72,588

• 17 · Travel

  total $1,834,573 · program services $1,472,314 · management and general $362,259

• 19 · Conferences, conventions and meetings

  total $5,864,408 · program services $4,750,360 · management and general $1,114,048

• 20 · Interest

  total $505,774 · management and general $505,774

• 22 · Depreciation, depletion and amortization

  total $2,584 · program services $2,584

• 23 · Insurance

  total $243,854 · program services $176,543 · management and general $67,311

• 24a · Other expenses: EDITORIAL SUPPORT

  total $2,505,471 · program services $2,441,010 · management and general $64,461

• 24b · Other expenses: PUBLICATION COSTS

  total $1,683,119 · program services $1,639,816 · management and general $43,303

• 24c · Other expenses: TAXES - OTHER

  total $274,372 · program services $270,354 · management and general $4,018

• 24d · Other expenses: DUES

  total $143,373 · program services $139,684 · management and general $3,689

• 24e · All other expenses

  total $766,177 · program services $676,307 · management and general $89,870

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $350 · end of year $350

• 2 · Savings and temporary cash investments

  beginning of year $1,982,292 · end of year $1,827,928

• 3 · Pledges and grants receivable

  beginning of year $3,514,094 · end of year $3,167,903

• 4 · Accounts receivable

  beginning of year $3,801,257 · end of year $4,525,873

• 7 · Other notes and loans receivable

  beginning of year $49,956 · end of year $13,273

• 8 · Inventories for sale or use

  beginning of year $436,422 · end of year $210,902

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,139,641 · end of year $2,817,989

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

  $27,602,066

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

  $16,327,985

• 10c · Land, buildings and equipment, net

  beginning of year $11,387,788 · end of year $11,274,081

• 11 · Investments: publicly traded securities

  beginning of year $115,665,049 · end of year $123,974,862

• 17 · Accounts payable and accrued expenses

  beginning of year $6,003,132 · end of year $4,096,953

• 19 · Deferred revenue

  beginning of year $8,801,248 · end of year $8,654,932

• 20 · Tax-exempt bond liabilities

  beginning of year $4,947,806 · end of year $4,039,045

• 24 · Unsecured notes and loans payable

  beginning of year $938,408 · end of year $3,015,353

• 25 · Other liabilities

  beginning of year $1,686,060 · end of year $1,676,583

• 27 · Net assets without donor restrictions

  beginning of year $114,629,130 · end of year $123,290,504

• 28 · Net assets with donor restrictions

  beginning of year $2,971,065 · end of year $3,039,791

The filer's explanations (Part III)

PART I, LINE 1A

IN TAX YEAR 2024, THE FOLLOWING TYPES OF INDIVIDUALS REPORTED IN PART VII RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: 2 OFFICERS, 1 KEY EMPLOYEE AND 1 HIGHEST COMPENSATED EMPLOYEE. THE DOLLAR AMOUNT OF THE BENEFIT IS INCLUDED IN REPORTABLE COMPENSATION ON THE FORM 990 PART VII, AND SCHEDULE J, PART II.

PART I, LINE 1B

IT IS ASM'S PRACTICE TO GROSS-UP CERTAIN PAYMENTS TO EMPLOYEES, SUCH AS ROUTINE SPOT BONUSES (TYPICALLY UP TO A FEW THOUSAND DOLLARS). ALTHOUGH A WRITTEN POLICY DOES NOT EXIST, ASM CONSISTENTLY GROSSES UP ALL SUCH TRANSACTIONS.

PART I, LINE 4A

ASM PAID THE FOLLOWING FORMER EMPLOYEES IN SEVERANCE PAYMENTS DURING CALENDAR YEAR 2024. THE AMOUNT SHOWN BELOW IS REPORTED ON FORM 990, PART VII AND SCHEDULE J, PART II AS OTHER REPORTABLE COMPENSATION. JONATHAN STEVENS-GARCIA - $391,608 CATHERINE ORT-MABRY - $357,554 THOMAS LYONS - $273,837 CHRISTINE ROUSSEAU - $327,786 MARITZA URREGO MORERA - $82,485

PART I, LINE 7

ASM AWARDS SPOT BONUSES FOR EXCEPTIONAL PERFORMANCE OR ACHIEVEMENTS THAT GO ABOVE AND BEYOND AN EMPLOYEE'S NORMAL JOB RESPONSIBILITIES OR DUE TO UNUSUAL CIRCUMSTANCES THAT HAVE ARISEN THAT WERE BEYOND THE EMPLOYEE'S CONTROL. SPOT BONUSES ARE TYPICALLY RECOMMENDED BY THE EMPLOYEE'S SUPERVISOR, BUT ANY EMPLOYEE CAN RECOMMEND ANOTHER EMPLOYEE FOR A SPOT BONUS. THE RECOMMENDATION IS REVIEWED AND APPROVED BY HUMAN RESOURCES. SPOT BONUSES TYPICALLY RANGE FROM $100-$2,000.