Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $3,870,445

• 1f · All other contributions, gifts and grants

  $122,893,142

• 1g · Noncash contributions included above

  $470,717

• 2a · Program service revenue: Registration Income

  total $90,314 · related or exempt $90,314

• 3 · Investment income

  total $10,207,767 · excluded $10,207,767

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $524,463 · excluded $524,463

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $102,827,182 · other assets $7,601

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

  securities $92,524,710 · other assets $752,779

• 7c · Gain or loss

  securities $10,302,472 · other assets -$745,178

• 7d · Net gain or loss

  total $9,557,294 · excluded $9,557,294

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: Other Income

  total $305,227 · excluded $305,227

• 11e · Other revenue, total

  $305,227

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,182,863 · program services $5,182,863

• 2 · Grants to domestic individuals

  total $2,119,438 · program services $2,119,438

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $315,243 · program services $315,243

• 5 · Compensation of officers, directors and key employees

  total $1,533,658 · program services $1,123,474 · management and general $410,184

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $38,527,696 · program services $33,525,124 · management and general $3,246,206 · fundraising $1,756,366

• 8 · Pension plan contributions

  total $5,387,990 · program services $3,656,280 · management and general $1,066,087 · fundraising $665,623

• 9 · Other employee benefits

  total $6,585,758 · program services $5,724,190 · management and general $474,127 · fundraising $387,441

• 10 · Payroll taxes

  total $2,930,633 · program services $2,584,514 · management and general $224,046 · fundraising $122,073

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $201,834 · program services $82,304 · management and general $100,534 · fundraising $18,996

• 11c · Fees: accounting

  total $191,555 · management and general $191,555

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $2,715,231 · fundraising $2,715,231

• 11f · Fees: investment management

  total $391,771 · management and general $391,771

• 11g · Fees: other

  total $5,343,759 · program services $3,512,801 · management and general $1,215,385 · fundraising $615,573

• 12 · Advertising and promotion

  total $11,143,510 · program services $6,823,578 · management and general $92,482 · fundraising $4,227,450

• 13 · Office expenses

  total $54,394,282 · program services $26,013,550 · management and general $926,079 · fundraising $27,454,653

• 14 · Information technology

  total $157,872 · program services $104,056 · management and general $44,279 · fundraising $9,537

• 15 · Royalties

  total $1,245,199 · program services $551,042 · management and general $265 · fundraising $693,892

• 16 · Occupancy

  total $358,819 · program services $282,512 · management and general $76,307

• 17 · Travel

  total $2,411,243 · program services $2,331,834 · management and general $27,902 · fundraising $51,507

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $1,490,701 · program services $1,490,701

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $2,669,473 · program services $1,828,321 · management and general $705,754 · fundraising $135,398

• 23 · Insurance

  total $459,580 · program services $270,487 · management and general $189,093

• 24a · Other expenses: Project costs

  total $743,430 · program services $742,128 · fundraising $1,302

• 24b · Other expenses: Relocation

  total $1,055,733 · program services $1,055,733

• 24c · Other expenses: Training

  total $39,948 · program services $21,876 · management and general $7,918 · fundraising $10,154

• 24d · Other expenses: OTHER EXPENSES

  total $1,619,813 · program services $917,807 · management and general $688,587 · fundraising $13,419

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $26,778,149 · end of year $19,650,537

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $7,487,132 · end of year $5,148,380

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $3,822 · end of year $6,788

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,917,071 · end of year $6,832,682

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

  $41,340,326

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

  $18,275,210

• 10c · Land, buildings and equipment, net

  beginning of year $24,740,182 · end of year $23,065,116

• 11 · Investments: publicly traded securities

  beginning of year $577,528,462 · end of year $480,813,572

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $1,816,479 · end of year $2,021,171

• 15 · Other assets

  beginning of year $0 · end of year $609,488

• 17 · Accounts payable and accrued expenses

  beginning of year $33,138,257 · end of year $26,841,634

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $304,389 · end of year $300,671

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $12,349,999 · end of year $9,749,995

• 25 · Other liabilities

  beginning of year $102,831,810 · end of year $80,049,256

• 27 · Net assets without donor restrictions

  beginning of year $481,034,598 · end of year $406,270,631

• 28 · Net assets with donor restrictions

  beginning of year $17,612,244 · end of year $14,935,547

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

FIRST CLASS OR CHARTER TRAVEL: DAV-PAID AIRFARE IS TYPICALLY FOR COACH-CLASS TRAVEL. FIRST-CLASS AIRFARE MAY BE APPROVED ON A CASE BY CASE BASIS CONSIDERING SUCH FACTORS AS: (A) DISABILITY OF THE TRAVELER (B) SIZE OF THE TRAVELER; (C)DISTANCE TRAVELED; (D) COST ANALYSIS; AND (E) OTHER REASONABLE FACTORS. DAV DOES NOT PAY FOR CHARTER TRAVEL. IN 2022, NO FIRST CLASS OR CHARTER TRAVEL BUSINESS TRIPS WERE PROVIDED FOR INDIVIDUALS LISTED ON FORM 990 PART VII. TRAVEL FOR COMPANIONS: DAV PAYS FOR COMPANIONS OF THOSE TRAVELING ON DAV BUSINESS, BUT ON A VERY LIMITED BASIS. SUCH AUTHORIZATION IS ONLY GRANTED WHEN THE COMPANION'S PRESENCE PROVIDES NEEDED AID AND ASSISTANCE FOR A SIGNIFICANTLY DISABLED DAV TRAVELER. IN THE CASE OF THE DAV TRAVELER REQUIRING AID AND ASSISTANCE, DAV WILL BEAR THE FULL EXPENSE OF THE COMPANION AND IT IS NOT CONSIDERED TAXABLE INCOME. IN 2022, NO COMPANION TRAVEL WAS PROVIDED FOR INDIVIDUALS LISTED ON FORM 990 PART VII. DISCRETIONARY SPENDING ACCOUNT: DURING THEIR ONE-YEAR, NON-SUCCESSIVE TERM, DAV PAYS THE NATIONAL COMMANDER AN ANNUAL EXPENSE ALLOWANCE PRORATED FROM THE DATE OF HIS/HER ELECTION TO THE DATE OF THE ELECTION OF HIS/HER SUCCESSOR, IN AN AMOUNT APPROVED BY THE BOARD OF DIRECTORS, AND REFLECTED IN THE APPROPRIATE MINUTES. THE AMOUNT IS TO COVER LODGING, MEALS, AND OTHER EXPENSES INCURRED TO SERVE IN THIS CAPACITY. IT IS COMPARABLE TO AMOUNTS PAID THOSE IN SIMILAR POSITIONS IN LIKE ORGANIZATIONS AND IS REPORTED AS TAXABLE INCOME ON FORM 1099. IN 2022, ANDREW MARSHALL, DAV NATIONAL COMMANDER (JANUARY-JULY), RECEIVED $133,065 AND JOSEPH PARSETICH, DAV NATIONAL COMMANDER (AUGUST-DECEMBER), RECEIVED $91,935 FOR SUCH PAYMENTS.

SCHEDULE J, PART I, LINE 7

NON-FIXED PAYMENTS DAV HAS A LEADERSHIP INCENTIVE PROGRAM THAT OFFERS AN ADDITIONAL PERCENTAGE OF ANNUAL BASE SALARY TO ABOUT 60 EMPLOYEES - PRIMARILY KEY EXECUTIVES, DIRECTORS AND MANAGERS. THE AWARD PERCENTAGE IS BASED ON THE INDIVIDUAL PARTICIPANT'S POSITION AND THE ORGANIZATION'S MEASURED SUCCESS MEETING 8 GOALS - ONE RELATED TO ACHIEVEMENT OF STANDARD RATIOS PUBLISHED BY THE BBB WISE GIVING ALLIANCE AND 7 BASED DAV STRATEGIC PLAN GOALS. THE PROGRAM WAS DESIGNED WITH ASSISTANCE FROM AN OUTSIDE, INDEPENDENT CONSULTANT AND APPROVED BY THE BOARD OF DIRECTORS.