Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,454,750

• 2a · Program service revenue: MEMBERSHIP DUES

  total $15,509,230 · related or exempt $15,509,230

• 2b · Program service revenue: MEETING/CONVENTION

  total $5,536,525 · related or exempt $5,536,525

• 2c · Program service revenue: CONTINUING EDUCATION

  total $1,324,588 · related or exempt $1,324,588

• 2d · Program service revenue: SPONSORSHIPS

  total $939,750 · excluded $939,750

• 3 · Investment income

  total $995,092 · excluded $995,092

• 5 · Royalties

  total $2,821,553 · excluded $2,821,553

• 7a · Gross sales of assets other than inventory

  securities $14,391,974

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

  securities $12,484,167

• 7c · Gain or loss

  securities $1,907,807

• 7d · Net gain or loss

  total $1,907,807 · excluded $1,907,807

• 10a · Gross sales of inventory

  $45,413

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $45,413 · related or exempt $45,413

• 11a · Other revenue: INSURANCE CLAIMS

  total $259,483 · excluded $259,483

• 11b · Other revenue: ADVERTISING

  total $16,360 · unrelated business $16,360

• 11c · Other revenue: MISCELLANEOUS INCOME

  total $691 · excluded $691

• 11e · Other revenue, total

  $276,534

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $110,000

• 2 · Grants to domestic individuals

  total $819,471

• 5 · Compensation of officers, directors and key employees

  total $2,093,873

• 7 · Other salaries and wages

  total $11,210,254

• 8 · Pension plan contributions

  total $550,799

• 9 · Other employee benefits

  total $1,527,124

• 10 · Payroll taxes

  total $897,900

• 11b · Fees: legal

  total $169,070

• 11c · Fees: accounting

  total $63,538

• 11d · Fees: lobbying

  total $240,000

• 11f · Fees: investment management

  total $305,047

• 11g · Fees: other

  total $4,042,566

• 12 · Advertising and promotion

  total $964,113

• 13 · Office expenses

  total $170,987

• 14 · Information technology

  total $1,551,594

• 16 · Occupancy

  total $1,225,197

• 17 · Travel

  total $598,701

• 19 · Conferences, conventions and meetings

  total $3,560,009

• 20 · Interest

  total $8,153

• 22 · Depreciation, depletion and amortization

  total $243,856

• 23 · Insurance

  total $113,759

• 24a · Other expenses: SUBCONTRACTOR-GRANT EXP

  total $785,576

• 24b · Other expenses: BANK & CC FEES

  total $555,593

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $411,389

• 24d · Other expenses: COMMISSIONS & FEES

  total $175,419

• 24e · All other expenses

  total $722,137

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,112,974 · end of year $1,776,212

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $62,725

• 4 · Accounts receivable

  beginning of year $1,135,221 · end of year $795,216

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,012,483 · end of year $1,091,854

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

  $9,597,559

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

  $9,291,832

• 10c · Land, buildings and equipment, net

  beginning of year $514,959 · end of year $305,727

• 11 · Investments: publicly traded securities

  beginning of year $29,442,866 · end of year $30,465,288

• 15 · Other assets

  beginning of year $7,338,523 · end of year $6,520,034

• 17 · Accounts payable and accrued expenses

  beginning of year $2,566,565 · end of year $2,218,879

• 19 · Deferred revenue

  beginning of year $11,168,162 · end of year $12,245,870

• 25 · Other liabilities

  beginning of year $9,196,990 · end of year $8,040,366

• 27 · Net assets without donor restrictions

  beginning of year $19,625,309 · end of year $18,511,941

The filer's explanations (Part III)

PART I, LINE 1A

PER POLICY, AAPA PROVIDES TRAVEL FOR COMPANIONS FOR ITS BOARD PRESIDENT AND VICE PRESIDENT/SPEAKER OF THE HOUSE TO ITS ANNUAL CONFERENCE. THIS BENEFIT IS CONSIDERED A NECESSARY BUSINESS EXPENSE AND IS NOT INCLUDED IN TAXABLE COMPENSATION TO THOSE RECEIVING THE BENEFIT.

PART I, LINE 4A

OLGA MOROZ RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $35,758 DURING CALENDAR YEAR 2024.