Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $16,000

• 1f · All other contributions, gifts and grants

  $870,000

• 2a · Program service revenue: EXAMS AND ASSESSMENTS

  total $22,387,512 · related or exempt $22,387,512

• 2b · Program service revenue: ACCREDITATIONS

  total $9,573,244 · related or exempt $9,573,244

• 2c · Program service revenue: LICENSURE TRANSFERS

  total $6,096,505 · related or exempt $6,096,505

• 2d · Program service revenue: OTHER PROGRAM REVENUE

  total $1,018,452 · related or exempt $1,018,452

• 2e · Program service revenue: MEETINGS AND EDUCATION

  total $277,001 · related or exempt $277,001

• 3 · Investment income

  total $3,175,631 · excluded $3,175,631

• 5 · Royalties

  total $3,172,934 · excluded $3,172,934

• 7a · Gross sales of assets other than inventory

  securities $89,607,946

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

  securities $79,909,038

• 7c · Gain or loss

  securities $9,698,908

• 7d · Net gain or loss

  total $9,698,908 · excluded $9,698,908

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,030 · program services $12,030

• 5 · Compensation of officers, directors and key employees

  total $1,310,306 · program services $197,921 · management and general $1,112,385

• 7 · Other salaries and wages

  total $18,730,147 · program services $12,380,184 · management and general $6,349,963

• 8 · Pension plan contributions

  total $1,688,958 · program services $1,182,099 · management and general $506,859

• 9 · Other employee benefits

  total $3,500,294 · program services $2,424,418 · management and general $1,075,876

• 10 · Payroll taxes

  total $1,402,293 · program services $906,538 · management and general $495,755

• 11b · Fees: legal

  total $1,432,388 · program services $3,862 · management and general $1,428,526

• 11c · Fees: accounting

  total $55,000 · management and general $55,000

• 11f · Fees: investment management

  total $357,804 · management and general $357,804

• 11g · Fees: other

  total $6,820,522 · program services $6,585,384 · management and general $235,138

• 12 · Advertising and promotion

  total $151,179 · program services $151,017 · management and general $162

• 13 · Office expenses

  total $258,832 · program services $116,637 · management and general $142,195

• 14 · Information technology

  total $1,243,444 · program services $435,175 · management and general $808,269

• 16 · Occupancy

  total $204,496 · program services $5,982 · management and general $198,514

• 17 · Travel

  total $1,704,040 · program services $1,455,271 · management and general $248,769

• 19 · Conferences, conventions and meetings

  total $683,390 · program services $602,408 · management and general $80,982

• 22 · Depreciation, depletion and amortization

  total $1,317,373 · program services $717,178 · management and general $600,195

• 23 · Insurance

  total $108,822 · program services $59,243 · management and general $49,579

• 24a · Other expenses: SURVEY COST

  total $1,453,947 · program services $1,453,947

• 24b · Other expenses: BANK AND CREDIT CARD FE

  total $776,864 · program services $5,361 · management and general $771,503

• 24c · Other expenses: DUES AND MEMBERSHIP

  total $90,428 · program services $63,824 · management and general $26,604

• 24d · Other expenses: BUILDING MAINTENANCE AN

  total $89,466 · program services $48,705 · management and general $40,761

• 24e · All other expenses

  total $237,573 · program services $393,644 · management and general -$156,071

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $614,644 · end of year $2,043,495

• 2 · Savings and temporary cash investments

  beginning of year $3,316,514 · end of year $7,663,052

• 3 · Pledges and grants receivable

  beginning of year $820,000 · end of year $820,000

• 4 · Accounts receivable

  beginning of year $1,684,646 · end of year $1,041,986

• 7 · Other notes and loans receivable

  beginning of year $58,768 · end of year $34,544

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $540,930 · end of year $885,498

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

  $40,694,335

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

  $20,208,953

• 10c · Land, buildings and equipment, net

  beginning of year $16,934,253 · end of year $20,485,382

• 11 · Investments: publicly traded securities

  beginning of year $98,408,208 · end of year $99,378,408

• 15 · Other assets

  beginning of year $3,516,089 · end of year $3,996,240

• 17 · Accounts payable and accrued expenses

  beginning of year $5,820,445 · end of year $6,139,389

• 19 · Deferred revenue

  beginning of year $5,013,122 · end of year $6,182,472

• 25 · Other liabilities

  beginning of year $206,349 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $114,854,136 · end of year $124,026,744

The filer's explanations (Part III)

PART I, LINE 7

BONUSES ARE DETERMINED USING ELIGIBLE EARNINGS, A BONUS TARGET PERCENTAGE, THE INDIVIDUAL'S PERFORMANCE FACTOR, THE ASSOCIATION'S FINANCIAL PERFORMANCE, AND THE ASSOCIATION'S ACHIEVEMENT OF ESTABLISHED INITIATIVES FOR THE YEAR. ANY EXCEPTIONS MUST BE DESIGNATED IN WRITING AND APPROVED BY THE EXECUTIVE DIRECTOR.