Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EVENTS

  total $22,734,997 · related or exempt $22,734,997

• 2b · Program service revenue: TRAINING AND CERTIFICATION

  total $22,060,074 · related or exempt $22,060,074

• 2c · Program service revenue: MEMBERSHIP DUES

  total $12,676,916 · related or exempt $12,676,916

• 2d · Program service revenue: ADVERTISING AND PUBLICATIONS

  total $1,805,299 · related or exempt $811,265 · unrelated business $994,034

• 3 · Investment income

  total $1,666,939 · excluded $1,666,939

• 7a · Gross sales of assets other than inventory

  securities $32,551,986

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

  securities $31,091,407 · other assets $4,771

• 7c · Gain or loss

  securities $1,460,579 · other assets -$4,771

• 7d · Net gain or loss

  total $1,455,808 · excluded $1,455,808

• 11a · Other revenue: OTHER INCOME

  total $323,927 · related or exempt $323,927

• 11b · Other revenue: EXCHANGE RATE GAIN

  total $148,893 · related or exempt $148,893

• 11e · Other revenue, total

  $472,820

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,283,883

• 7 · Other salaries and wages

  total $27,699,169

• 8 · Pension plan contributions

  total $1,231,647

• 9 · Other employee benefits

  total $3,943,336

• 10 · Payroll taxes

  total $1,733,540

• 11b · Fees: legal

  total $176,715

• 11c · Fees: accounting

  total $80,594

• 11f · Fees: investment management

  total $64,674

• 12 · Advertising and promotion

  total $3,698,202

• 13 · Office expenses

  total $115,677

• 14 · Information technology

  total $4,144,131

• 16 · Occupancy

  total $751,257

• 17 · Travel

  total $149,486

• 19 · Conferences, conventions and meetings

  total $9,979,245

• 22 · Depreciation, depletion and amortization

  total $228,091

• 23 · Insurance

  total $97,772

• 24a · Other expenses: CERTIFICATION EXPENSES

  total $2,817,082

• 24b · Other expenses: BAD DEBT

  total $642,389

• 24c · Other expenses: RESEARCH

  total $508,232

• 24d · Other expenses: MEMBERSHIP SUPPORT

  total $382,472

• 24e · All other expenses

  total $670,347

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,526,006 · end of year $8,515,141

• 2 · Savings and temporary cash investments

  beginning of year $1,430,076 · end of year $922,946

• 4 · Accounts receivable

  beginning of year $7,662,926 · end of year $10,261,581

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,026,536 · end of year $1,849,037

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

  $3,893,788

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

  $1,878,878

• 10c · Land, buildings and equipment, net

  beginning of year $2,130,665 · end of year $2,014,910

• 11 · Investments: publicly traded securities

  beginning of year $75,492,091 · end of year $85,110,517

• 14 · Intangible assets

  beginning of year $39,537 · end of year $23,611

• 15 · Other assets

  beginning of year $4,674,309 · end of year $3,952,984

• 17 · Accounts payable and accrued expenses

  beginning of year $3,328,199 · end of year $3,094,119

• 19 · Deferred revenue

  beginning of year $19,897,569 · end of year $22,887,406

• 25 · Other liabilities

  beginning of year $5,503,606 · end of year $5,244,732

• 27 · Net assets without donor restrictions

  beginning of year $72,252,772 · end of year $81,424,470

The filer's explanations (Part III)

PART I, LINE 4B

ANDREW BEAL, CAITLIN FENNESSY, AMY SHERWOOD, CATHLEEN SCERBO, AND RITA HEIMES PARTICIPATED IN A 457(F) PLAN ESTABLISHED BY THE INTERNATIONAL ASSOCIATION OF PRIVACY PROFESSIONALS. NET CONTRIBUTIONS OF $61,124 WERE CONTRIBUTED TO ANDREW BEAL, $66,325 WERE CONTRIBUTED TO AMY SHERWOOD, $57,222 WERE CONTRIBUTED TO CATHLEEN SCERBO, $62,424 WERE CONTRIBUTED TO CAITLIN FENNESSY, AND $49,419 WERE CONTRIBUTED TO RITA HEIMES. NET DISTRIBUTIONS OF $24,514 WERE DISTRIBUTED TO ANDREW BEAL, $26,601 WERE DISTRIBUTED TO AMY SHERWOOD, $22,949 WERE DISTRIBUTED TO CATHLEEN SCERBO, $25,036 WERE DISTRIBUTED TO CAITLIN FENNESSY, AND $19,820 WERE DISTRIBUTED TO RITA HEIMES.