Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DUES AND ASSESSMENTS

  total $24,821,830 · excluded $24,821,830

• 3 · Investment income

  total $1,726,955 · excluded $1,726,955

• 7a · Gross sales of assets other than inventory

  securities $32,340,739

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

  securities $33,647,062

• 7c · Gain or loss

  securities -$1,306,323

• 7d · Net gain or loss

  total -$1,306,323 · excluded -$1,306,323

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $89,193 · excluded $89,193

• 11e · Other revenue, total

  $89,193

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $766,917

• 4 · Benefits paid to or for members

  total $8,582,006

• 5 · Compensation of officers, directors and key employees

  total $650,427

• 7 · Other salaries and wages

  total $3,003,072

• 8 · Pension plan contributions

  total $271,390

• 9 · Other employee benefits

  total $963,770

• 10 · Payroll taxes

  total $241,886

• 11c · Fees: accounting

  total $128,171

• 11f · Fees: investment management

  total $107,805

• 11g · Fees: other

  total $207,824

• 12 · Advertising and promotion

  total $1,559,270

• 13 · Office expenses

  total $1,026,125

• 14 · Information technology

  total $63,883

• 16 · Occupancy

  total $937,369

• 17 · Travel

  total $20,567

• 19 · Conferences, conventions and meetings

  total $3,028,122

• 22 · Depreciation, depletion and amortization

  total $66,741

• 23 · Insurance

  total $116,276

• 24a · Other expenses: DELEGATE EXP. & RELEASE

  total $2,460,854

• 24b · Other expenses: MANDATED CONSTITUTIONAL

  total $1,467,406

• 24c · Other expenses: CANTEEN

  total $605,536

• 24d · Other expenses: COMMITTEE AND REVIEW BO

  total $203,423

• 24e · All other expenses

  total $310,988

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $468,777 · end of year $1,648,774

• 2 · Savings and temporary cash investments

  beginning of year $13,406,610 · end of year $9,390,118

• 9 · Prepaid expenses and deferred charges

  end of year $55,633

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

  $1,495,606

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

  $1,272,486

• 10c · Land, buildings and equipment, net

  beginning of year $237,313 · end of year $223,120

• 11 · Investments: publicly traded securities

  beginning of year $55,041,409 · end of year $55,100,792

• 15 · Other assets

  beginning of year $0 · end of year $2,410,466

• 17 · Accounts payable and accrued expenses

  beginning of year $2,035,668 · end of year $1,432,469

• 25 · Other liabilities

  beginning of year $2,072,416 · end of year $3,092,707

• 27 · Net assets without donor restrictions

  beginning of year $65,046,025 · end of year $64,303,727

The filer's explanations (Part III)

PART I, LINE 3:

OTHER ADDITIONAL INFORMATION: EACH YEAR THE BOARD APPROVES THE SALARIES OF ALL EMPLOYEES OF THE ASSOCIATION. THE APPROVAL PROCESS INCLUDES A DISCUSSION OF PERFORMANCE AND REVIEW OF SALARIES FOR COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS. SALARY ADJUSTMENTS ARE DIRECTED BY THE BOARD.