Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,706,654

• 1f · All other contributions, gifts and grants

  $4,912,441

• 2a · Program service revenue: MEETINGS & SEMINARS

  total $10,707,378 · related or exempt $10,707,378

• 2b · Program service revenue: MEMBER DUES & ASSESSMENTS

  total $1,751,149 · related or exempt $1,751,149

• 3 · Investment income

  total $331,091 · excluded $331,091

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,867,338 · program services $1,867,338

• 2 · Grants to domestic individuals

  total $69,787 · program services $69,787

• 5 · Compensation of officers, directors and key employees

  total $2,970,430 · program services $2,328,031 · management and general $642,399

• 7 · Other salaries and wages

  total $5,458,297 · program services $4,273,354 · management and general $1,184,943

• 8 · Pension plan contributions

  total $544,292 · program services $425,539 · management and general $118,753

• 9 · Other employee benefits

  total $651,843 · program services $519,649 · management and general $132,194

• 10 · Payroll taxes

  total $585,605 · program services $463,910 · management and general $121,695

• 11b · Fees: legal

  total $64,474 · program services $12,512 · management and general $51,962

• 11c · Fees: accounting

  total $79,736 · program services -$287 · management and general $80,023

• 11f · Fees: investment management

  total $27,415 · management and general $27,415

• 11g · Fees: other

  total $2,394,955 · program services $2,365,724 · management and general $29,231

• 12 · Advertising and promotion

  total $91,477 · program services $67,769 · management and general $23,708

• 13 · Office expenses

  total $296,206 · program services $123,887 · management and general $172,319

• 14 · Information technology

  total $442,652 · program services $278,937 · management and general $163,715

• 16 · Occupancy

  total $1,021,360 · program services $7,745 · management and general $1,013,615

• 17 · Travel

  total $756,099 · program services $705,384 · management and general $50,715

• 19 · Conferences, conventions and meetings

  total $1,297,819 · program services $597,912 · management and general $699,907

• 22 · Depreciation, depletion and amortization

  total $154,969 · program services $121,579 · management and general $33,390

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $120,955 · program services $103,805 · management and general $17,150

• 24b · Other expenses: OVERHEAD ALLOCATION

  total $6 · program services $927,145 · management and general -$927,139

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,068,544 · end of year $616,758

• 2 · Savings and temporary cash investments

  beginning of year $16,344,535 · end of year $15,033,832

• 4 · Accounts receivable

  beginning of year $1,047,795 · end of year $1,552,162

• 9 · Prepaid expenses and deferred charges

  beginning of year $91,379 · end of year $131,395

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

  $2,303,090

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

  $288,200

• 10c · Land, buildings and equipment, net

  beginning of year $2,169,859 · end of year $2,014,890

• 12 · Investments: other securities

  beginning of year $12,562,228 · end of year $11,343,318

• 15 · Other assets

  beginning of year $10,976,191 · end of year $10,239,422

• 17 · Accounts payable and accrued expenses

  beginning of year $1,156,029 · end of year $1,257,185

• 19 · Deferred revenue

  beginning of year $6,535,340 · end of year $5,237,935

• 25 · Other liabilities

  beginning of year $13,912,255 · end of year $13,626,616

• 27 · Net assets without donor restrictions

  beginning of year $20,435,195 · end of year $19,004,303

• 28 · Net assets with donor restrictions

  beginning of year $2,221,712 · end of year $1,805,738

The filer's explanations (Part III)

PART I, LINE 1A

TAX GROSS-UPS (TAXABLE): HOWARD GOBSTEIN, JEAN MIDDLETON, VARUN DHAWAN, DOUGLAS STEELE, BERNARD MAIR, JEFFREY LIEBERSON, CRAIG LINDWARM, DEBORAH ALTENBURG, KAREN VIGNARE AND BERNARD BURROLA. HOUSING ALLOWANCE (TAXABLE): M. PETER MCPHERSON AND MARK BECKER CLUB DUES (TAXABLE): M. PETER MCPHERSON EMPLOYEES WERE GIVEN GROSS-UP FOR GIFT CARDS AT YEAR-END

PART I, LINE 1B

REIMBURSEMENT AND PROVISION OF THE EXPENSES LISTED IN SCHEDULE J, PART 1, LINE 1A IS DETERMINED BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE AS A PART OF THEIR DELIBERATIONS ON AN OVERALL PACKAGE FOR THE ASSOCIATION'S PRESIDENT. AS SUCH, NO FORMAL POLICY EXISTS THAT MANDATES WHICH, IF ANY, OF THESE EXPENSES ARE REQUIRED TO BE INCLUDED. THE COMMITTEE DOES CONSIDER THE COMPENSATION PACKAGES PROVIDED TO THE OTHER ASSOCIATIONS THAT COMPRISE THE "SIX," A GROUPING OF THE SIX MOST SIGNIFICANT ASSOCIATIONS FOR HIGHER EDUCATION OF WHICH APLU IS ONE.

PART I, LINE 4A

ASHLIE PRIOLEAU - SEVERANCE PAYMENT $28,388

PART I, LINE 7

BONUSES ARE PROVIDED TO CERTAIN EMPLOYEES, AND ARE MERIT BASED TO RECOGNIZE STELLAR PERFORMANCE. THE BONUSES ARE DETERMINED USING THE FEEDBACK OF THE SUPERVISOR. FOR MANAGEMENT POSITIONS, THE BONUS IS DETERMINED BY THE PRESIDENT USING PERFORMANCE REVIEWS, PORTFOLIO, AND SCOPE OF ACCOUNTABILITY AS METRICS. PETER MCPHERSON, APLU'S PRESIDENT WHO RETIRED IN AUGUST 2022, WAS PAID $204,202 OF BONUS DEFERRED FROM PREVIOUS YEARS.