Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,437,810

• 3 · Investment income

  total $8,998 · excluded $8,998

• 11a · Other revenue: LIST RENTAL INCOME

  total $9,612 · excluded $9,612

• 11e · Other revenue, total

  $9,612

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $393,314 · program services $285,570 · management and general $53,980 · fundraising $53,764

• 7 · Other salaries and wages

  total $58,966 · program services $52,088 · management and general $4,267 · fundraising $2,611

• 8 · Pension plan contributions

  total $1,242 · program services $1,011 · management and general $188 · fundraising $43

• 10 · Payroll taxes

  total $24,262 · program services $18,160 · management and general $3,102 · fundraising $3,000

• 11b · Fees: legal

  total $5,320 · management and general $5,320

• 11c · Fees: accounting

  total $56,945 · management and general $56,945

• 11g · Fees: other

  total $557,568 · program services $480,081 · management and general $43,405 · fundraising $34,082

• 12 · Advertising and promotion

  total $52,200 · program services $51,683 · fundraising $517

• 13 · Office expenses

  total $98,585 · program services $70,295 · management and general $17,158 · fundraising $11,132

• 14 · Information technology

  total $7,832 · program services $7,117 · management and general $715

• 16 · Occupancy

  total $43,466 · program services $32,552 · management and general $5,580 · fundraising $5,334

• 23 · Insurance

  total $36,380 · program services $27,285 · management and general $4,729 · fundraising $4,366

• 24a · Other expenses: PRINTING/MAILING

  total $763,447 · program services $545,586 · management and general $124,984 · fundraising $92,877

• 24b · Other expenses: POSTAGE,SHIPPING,DELIV.

  total $387,660 · program services $294,175 · management and general $66,807 · fundraising $26,678

• 24c · Other expenses: MISCELLANEOUS

  total $22,261 · program services $16,918 · management and general $2,550 · fundraising $2,793

• 24d · Other expenses: BANK FEES

  total $20,135 · management and general $10,738 · fundraising $9,397

• 24e · All other expenses

  total $19,132 · program services $10,089 · management and general $614 · fundraising $8,429

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $151,912 · end of year $291,527

• 2 · Savings and temporary cash investments

  beginning of year $706,972 · end of year $515,310

• 4 · Accounts receivable

  beginning of year $2,935 · end of year $10,361

• 9 · Prepaid expenses and deferred charges

  beginning of year $25,973 · end of year $33,320

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

  $100,280

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

  $100,280

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $101,016 · end of year $128,365

• 25 · Other liabilities

  beginning of year $279,700 · end of year $307,372

• 27 · Net assets without donor restrictions

  beginning of year $507,076 · end of year $414,781

The filer's explanations (Part III)

PART I, LINE 3

AEA SHARES STAFF, FACILITIES AND OTHER EXPENSES WITH THE INSTITUTE FOR ENERGY RESEARCH (IER), A RELATED 501(C)(3) ORGANIZATION. IER SERVES AS THE COMMON PAYMASTER AND ALL EMPLOYEES ARE EMPLOYEES OF IER INCLUDING INDIVIDUALS REQUIRED TO BE LISTED ON SCHEDULE J. AEA REPORTS ITS ALLOCABLE SHARE OF SALARIES, PAYROLL TAXES, AND BENEFITS, AS REQUIRED, IN THE FORM 990 AND RELATED SCHEDULES. THE PROCESS USED BY IER TO DETERMINE THE COMPENSATION OF THE PRESIDENT IS BASED UPON COMPARABLE SALARIES FOR EXECUTIVES WITH SIMILAR EXPERIENCE AND RESPONSIBILITIES IN THE NONPROFIT SECTOR AND IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE REPORTS TO THE BOARD OF DIRECTORS ALL OF ITS ACTIONS SINCE THE LAST BOARD MEETING. DELIBERATION AND APPROVAL OF THE SALARY IS MADE DURING AN EXECUTIVE SESSION AND INSTRUCTIONS AS TO THE SALARY LEVEL OF THE PRESIDENT ARE MADE IN WRITING BY A MEMBER OF THE EXECUTIVE COMMITTEE TO MANAGEMENT. SALARIES FOR TOP MANAGEMENT ARE ALSO BASED ON COMPARABLE SALARIES OF SENIOR LEVEL MANAGERS IN THE NONPROFIT SECTOR USING FORM 990'S FROM COMPARABLE ORGANIZATIONS AS WELL AS PUBLISHED SALARY SURVEYS. THE RECOMMENDED SALARIES ARE PROPOSED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR APPROVAL. COPIES OF THE SALARY INFORMATION USED IN DETERMINING THE SALARY LEVELS ABOVE AND DOCUMENTS NOTING THE APPROVED SALARIES ARE MAINTAINED AT THE CORPORATE HEADQUARTERS OF IER.