Form 990 for tax year 2022
Filed by AMERICAN SOCIETY OF PENSION PROFESSIONALS & ACTUARIES INC.
Totals
- Total revenue
- $23,842,246
- Total expenses
- $23,001,173
- Contributions and grants received
- $0
- Grants paid
- $186,186
- Program service revenue
- $23,544,676
- Investment income
- $224,583
- Other revenue
- $72,987
- Total assets, end of year
- $34,152,164
- Total liabilities, end of year
- $22,607,084
- Net assets or fund balances, end of year
- $11,545,080
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP
total $7,973,413 · related or exempt $7,973,413
-
2b · Program service revenue: CONFERENCES
total $7,930,226 · related or exempt $7,930,226
-
2c · Program service revenue: RETIREMENT PLAN ACADEMY
total $6,234,366 · related or exempt $6,234,366
-
2d · Program service revenue: PUBLICATIONS
total $1,307,429 · related or exempt $200,515 · unrelated business $1,106,914
-
2e · Program service revenue: ASPPA BENEFIT COUNCILS
total $76,302 · related or exempt $76,302
-
2f · All other program service revenue
total $22,940 · related or exempt $22,940
-
3 · Investment income
total $226,084 · excluded $226,084
-
7a · Gross sales of assets other than inventory
securities $30,012
-
7b · Less cost or other basis and sales expenses
securities $31,513
-
7c · Gain or loss
securities -$1,501
-
7d · Net gain or loss
total -$1,501 · excluded -$1,501
-
11a · Other revenue: MISCELLANEOUS
total $55,679 · excluded $55,679
-
11b · Other revenue: SIGNATURE AWARDS
total $10,200 · excluded $10,200
-
11c · Other revenue: INSURANCE CLAIM PROCEEDS
total $7,108 · excluded $7,108
-
11e · Other revenue, total
$72,987
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $186,186
-
5 · Compensation of officers, directors and key employees
total $2,059,206
-
7 · Other salaries and wages
total $8,181,941
-
8 · Pension plan contributions
total $1,179,781
-
9 · Other employee benefits
total $602,267
-
10 · Payroll taxes
total $577,248
-
11b · Fees: legal
total $275,685
-
11c · Fees: accounting
total $61,213
-
11d · Fees: lobbying
total $688,857
-
11f · Fees: investment management
total $30,012
-
11g · Fees: other
total $867,220
-
12 · Advertising and promotion
total $36,535
-
13 · Office expenses
total $654,364
-
14 · Information technology
total $707,707
-
15 · Royalties
total $3,950
-
16 · Occupancy
total $706,279
-
17 · Travel
total $637,886
-
19 · Conferences, conventions and meetings
total $3,963,288
-
20 · Interest
total $48,915
-
22 · Depreciation, depletion and amortization
total $803,515
-
23 · Insurance
total $122,702
-
24a · Other expenses: CREDIT CARD FEES
total $347,120
-
24b · Other expenses: HONORARIA
total $115,298
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $63,853
-
24d · Other expenses: TAXES
total $38,815
-
24e · All other expenses
total $41,330
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,598,508 · end of year $10,621,674
-
4 · Accounts receivable
beginning of year $2,391,704 · end of year $2,989,247
-
8 · Inventories for sale or use
beginning of year $24,011 · end of year $11,360
-
9 · Prepaid expenses and deferred charges
beginning of year $571,569 · end of year $560,156
-
10a · Land, buildings and equipment: cost or other basis
$6,792,154
-
10b · Land, buildings and equipment: accumulated depreciation
$4,433,218
-
10c · Land, buildings and equipment, net
beginning of year $2,947,644 · end of year $2,358,936
-
11 · Investments: publicly traded securities
beginning of year $11,774,660 · end of year $9,866,379
-
14 · Intangible assets
beginning of year $84,007 · end of year $343,421
-
15 · Other assets
beginning of year $7,868,736 · end of year $7,400,991
-
17 · Accounts payable and accrued expenses
beginning of year $2,626,407 · end of year $2,536,700
-
19 · Deferred revenue
beginning of year $8,593,637 · end of year $10,497,047
-
23 · Secured mortgages and notes payable
beginning of year $1,249,162 · end of year $1,032,091
-
25 · Other liabilities
beginning of year $10,074,901 · end of year $8,541,246
-
27 · Net assets without donor restrictions
beginning of year $11,716,732 · end of year $11,545,080
Mission and programs · 2022
Mission
TO EDUCATE PENSION ACTUARIES, CONSULTANTS, ADMINISTRATORS AND OTHER BENEFITS PROFESSIONALS AND TO PRESERVE AND ENHANCE THE PRIVATE PENSION SYSTEM AS PART OF THE DEVELOPMENT OF A COHERENT NATIONAL RETIREMENT INCOME POLICY.
Activities or mission (Part I)
SEE PART III, LINE 1.
-
CONFERENCES AND EVENTS ARE HELD THROUGHOUT THE YEAR TO PROVIDE CONTINUING EDUCATION AND NETWORKING OPPORTUNITIES AMONG RETIREMENT PLAN PROFESSIONALS IN GOVERNMENT AND INDUSTRY. IT IS ESTIMATED THAT THESE PROGRAMS SERVE APPROXIMATELY 6,000 MEMBERS OF THE INDUSTRY.
-
EDUCATION AND EXAMINATIONS LEAD TO PROFESSIONAL CREDENTIALS AS WELL AS TOPICAL FIELDS OF STUDY AND MAY LEAD TO COLLEGE CREDITS.
-
GOVERNMENT AFFAIRS ACTS AS AN ADVOCATE FOR ITS 35,000+ MEMBERS WITH GOVERNMENT AGENCIES IN ORDER TO PRESERVE AND ENHANCE THE PRIVATE PENSION SYSTEM AS A PART OF A COHESIVE AND COHERENT NATIONAL RETIREMENT INCOME POLICY.
As filed on the 2022 return.
Listed in Part VII
-
Joseph F DenoyiorJOSEPH F DENOYIOR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Miriam G MatrangolaMIRIAM G MATRANGOLA
PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeffery A AchesonJEFFERY A ACHESON
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marjorie MannMARJORIE MANN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Joseph A NicholsJOSEPH A NICHOLS
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Natalie Re WyattNATALIE RE WYATT
SENATORIAL MEMBER: ASPPA
- Total calculated
- $0
- Hours/week
- 1
-
Justin BonestrooJUSTIN BONESTROO
SENATORIAL MEMBER: ASPPA
- Total calculated
- $0
- Hours/week
- 1
-
Corby DallCORBY DALL
SENATORIAL MEMBER: NAPA
- Total calculated
- $0
- Hours/week
- 1
-
Alexander G Assaley IIIALEXANDER G ASSALEY III
SENATORIAL MEMBER: NAPA
- Total calculated
- $0
- Hours/week
- 1
-
Virginia C WentzVIRGINIA C WENTZ
SENATORIAL MEMBER: ASEA
- Total calculated
- $0
- Hours/week
- 1
-
Clint BlankenshipCLINT BLANKENSHIP
SENATORIAL MEMBER: ASEA
- Total calculated
- $0
- Hours/week
- 1
-
Christopher J ZingaroCHRISTOPHER J ZINGARO
SENATORIAL MEMBER: NTSA
- Total calculated
- $0
- Hours/week
- 1
-
Lisa StubbsLISA STUBBS
SENATORIAL MEMBER: NTSA
- Total calculated
- $0
- Hours/week
- 1
-
Robin HopeROBIN HOPE
SENATORIAL MEMBER: PSCA
- Total calculated
- $0
- Hours/week
- 1
-
Greg BracciliGREG BRACCILI
SENATORIAL MEMBER: PSCA
- Total calculated
- $0
- Hours/week
- 1
-
Samuel BrandweinSAMUEL BRANDWEIN
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Patricia WenzelPATRICIA WENZEL
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lynn YoungLYNN YOUNG
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian H GraffBRIAN H GRAFF
CEO
- Total calculated
- $1,575,150
- From this org
- $1,192,887
- From related orgs
- $0
- Other
- $382,263
- Hours/week
- 50 + 1 related
Schedule J breakdown matched by us
- Base
- $956,053
- Bonus
- $150,000
- Other
- $86,834
- Deferred
- $326,750
- Nontaxable benefits
- $55,513
- Filer's total
- $1,575,150
-
Brian P ShortBRIAN P SHORT
CFO
- Total calculated
- $221,936
- From this org
- $204,123
- From related orgs
- $0
- Other
- $17,813
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,620
- Bonus
- $5,000
- Other
- $503
- Deferred
- $8,227
- Nontaxable benefits
- $9,586
- Filer's total
- $221,936
-
Victoria BackerVICTORIA BACKER
COO
- Total calculated
- $361,204
- From this org
- $314,965
- From related orgs
- $0
- Other
- $46,239
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $289,493
- Bonus
- $25,000
- Other
- $472
- Deferred
- $35,488
- Nontaxable benefits
- $10,751
- Filer's total
- $361,204
-
Allison WielobobALLISON WIELOBOB
GENERAL COUNSEL
- Total calculated
- $502,475
- From this org
- $457,631
- From related orgs
- $0
- Other
- $44,844
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $432,060
- Bonus
- $25,000
- Other
- $571
- Deferred
- $35,488
- Nontaxable benefits
- $9,356
- Filer's total
- $502,475
-
William HansenWILLIAM HANSEN
CHIEF GOVERNMENT AFFAIRS OFFICER
- Total calculated
- $461,700
- From this org
- $417,043
- From related orgs
- $0
- Other
- $44,657
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $391,445
- Bonus
- $25,000
- Other
- $598
- Deferred
- $35,488
- Nontaxable benefits
- $9,169
- Filer's total
- $461,700
-
Nevin AdamsNEVIN ADAMS
CHIEF CONTENT OFFICER
- Total calculated
- $394,594
- From this org
- $345,895
- From related orgs
- $0
- Other
- $48,699
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $318,680
- Bonus
- $25,000
- Other
- $2,215
- Deferred
- $35,488
- Nontaxable benefits
- $13,211
- Filer's total
- $394,594
-
Christopher DegrassiCHRISTOPHER DEGRASSI
CHIEF OF RETIREMENT EDUCATION
- Total calculated
- $367,141
- From this org
- $331,653
- From related orgs
- $0
- Other
- $35,488
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $304,438
- Bonus
- $25,000
- Other
- $2,215
- Deferred
- $35,488
- Nontaxable benefits
- $0
- Filer's total
- $367,141
-
Thomas ConnollyTHOMAS CONNOLLY
CHIEF SALES OFFICER
- Total calculated
- $347,463
- From this org
- $312,628
- From related orgs
- $0
- Other
- $34,835
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,410
- Bonus
- $60,000
- Other
- $2,218
- Deferred
- $34,835
- Nontaxable benefits
- $0
- Filer's total
- $347,463
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Tax indemnification and gross-up payments
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- THERE IS A TAX GROSS UP FOR DISABILITY AND LIFE INSURANCE. MONTHLY CLUB DUES ARE PAID ALONG WITH RELEVANT T&E CHARGES. THE CLUB IS PRIMARILY FOR BUSINESS ENTERTAINMENT.
- PART I, LINE 4B
- THE ORGANIZATION HAS AN UNFUNDED, NON-QUALIFIED DEFERRED COMPENSATION PLAN WITH BRIAN GRAFF UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. INCLUDED IN DEFERRED COMPENSATION IN PART II, COLUMN C IS A TOTAL OF $291,262 REPRESENTING THE AMOUNT OF COMPENSATION REPORTED RATABLY OVER THE SERVICE PERIOD OF THE PLAN.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
EBRI-EDUCATION AND RESEARCH FUND
$29,750
PROGRAM SUPPORT
-
NATIONAL REPUBLICAN CONGRESSIONAL COMMITTEE
$15,000
GENERAL SUPPORT
-
DEMOCRATIC CONGRESSIONAL CAMPAIGN COMMITTEE
$15,000
GENERAL SUPPORT
-
NATIONAL REPUBLICAN SENATORIAL COMMITTEE
$15,000
GENERAL SUPPORT
-
DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE
$15,000
GENERAL SUPPORT
-
MCCONNELL SENATE COMMITTEE
$10,000
GENERAL SUPPORT
-
VERN BUCHANAN FOR CONGRESS
$9,000
GENERAL SUPPORT
-
VIRGINIA FOXX FOR CONGRESS
$6,000
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ASPPA PENSION EDUCATION AND RESEARCH FOUNDATION INC
501(C)(3) · TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS OF ACTUARIAL SCIENCE · VA · controlled entity
Directly controlled by AMERICAN RETIREMENT ASSOCIATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
ASPPA PRACTICES LLC
LICENSING TMS · DE · income $0 · assets $0
Directly controlled by AMERICAN RETIREMENT ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302859349301755
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