Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,218,056

• 1f · All other contributions, gifts and grants

  $2,607,893

• 2a · Program service revenue: MEMBERSHIP DUES

  total $12,588,418 · related or exempt $12,588,418

• 2b · Program service revenue: MEETINGS AND SEMINARS

  total $2,725,362 · related or exempt $2,725,362

• 3 · Investment income

  total $960,275 · excluded $960,275

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,169,778 · program services $1,169,778

• 2 · Grants to domestic individuals

  total $39,274 · program services $39,274

• 5 · Compensation of officers, directors and key employees

  total $2,601,305 · program services $1,949,689 · management and general $651,616

• 7 · Other salaries and wages

  total $6,252,472 · program services $4,684,944 · management and general $1,567,528

• 8 · Pension plan contributions

  total $616,895 · program services $456,139 · management and general $160,756

• 9 · Other employee benefits

  total $774,689 · program services $601,303 · management and general $173,386

• 10 · Payroll taxes

  total $608,701 · program services $463,016 · management and general $145,685

• 11b · Fees: legal

  total $41,033 · program services $1,562 · management and general $39,471

• 11c · Fees: accounting

  total $105,480 · management and general $105,480

• 11f · Fees: investment management

  total $40,083 · management and general $40,083

• 11g · Fees: other

  total $1,420,712 · program services $1,245,746 · management and general $174,966

• 12 · Advertising and promotion

  total $146,744 · program services $27,111 · management and general $119,633

• 13 · Office expenses

  total $228,696 · program services $131,123 · management and general $97,573

• 14 · Information technology

  total $399,631 · program services $145,623 · management and general $254,008

• 16 · Occupancy

  total $1,062,432 · program services $3,026 · management and general $1,059,406

• 17 · Travel

  total $734,202 · program services $678,185 · management and general $56,017

• 19 · Conferences, conventions and meetings

  total $1,954,939 · program services $916,595 · management and general $1,038,344

• 22 · Depreciation, depletion and amortization

  total $154,969 · program services $116,434 · management and general $38,535

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $91,185 · program services $82,581 · management and general $8,604

• 24b · Other expenses: CONTRIBUTIONS & PRIZES

  total $2,500 · program services $2,500

• 24c · Other expenses: OVERHEAD ALLOCATION

  total -$1 · program services $713,915 · management and general -$713,916

• 24e · All other expenses

  total $19,291 · program services $16,861 · management and general $2,430

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $172,996 · end of year $101,637

• 2 · Savings and temporary cash investments

  beginning of year $4,967,059 · end of year $5,040,590

• 4 · Accounts receivable

  beginning of year $1,212,040 · end of year $897,113

• 9 · Prepaid expenses and deferred charges

  beginning of year $137,419 · end of year $180,660

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

  $2,303,090

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

  $598,139

• 10c · Land, buildings and equipment, net

  beginning of year $1,859,920 · end of year $1,704,951

• 11 · Investments: publicly traded securities

  beginning of year $13,643,294 · end of year $15,897,287

• 12 · Investments: other securities

  beginning of year $10,364,691 · end of year $12,495,634

• 15 · Other assets

  beginning of year $9,665,069 · end of year $9,113,380

• 17 · Accounts payable and accrued expenses

  beginning of year $865,365 · end of year $1,028,777

• 19 · Deferred revenue

  beginning of year $3,813,135 · end of year $3,935,757

• 25 · Other liabilities

  beginning of year $13,320,226 · end of year $12,632,282

• 27 · Net assets without donor restrictions

  beginning of year $21,947,535 · end of year $25,539,649

• 28 · Net assets with donor restrictions

  beginning of year $2,076,227 · end of year $2,294,787

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCE (TAXABLE): MARK BECKER ALL EMPLOYEES WERE GIVEN TAX GROSS-UP FOR GIFT CARDS AT YEAR-END. THESE AMOUNTS WERE INCLUDED IN W-2 WAGES.

PART I, LINE 1B

REIMBURSEMENT AND PROVISION OF THE EXPENSES LISTED IN SCHEDULE J, PART 1, LINE 1A IS DETERMINED BY THE BOARD OF DIRECTORS' COMPENSATION COMMITTEE AS A PART OF THEIR DELIBERATIONS ON AN OVERALL PACKAGE FOR THE ASSOCIATION'S PRESIDENT. AS SUCH, NO FORMAL POLICY EXISTS THAT MANDATES WHICH, IF ANY, OF THESE EXPENSES ARE REQUIRED TO BE INCLUDED. THE COMMITTEE DOES CONSIDER THE COMPENSATION PACKAGES PROVIDED TO THE OTHER ASSOCIATIONS THAT COMPRISE THE "SIX," A GROUPING OF THE SIX MOST SIGNIFICANT ASSOCIATIONS FOR HIGHER EDUCATION OF WHICH APLU IS ONE.

PART I, LINE 4B

MARK BECKER - VESTED 457(B) PLAN PAYMENT $23,000

PART I, LINE 7

BONUSES ARE PROVIDED TO CERTAIN EMPLOYEES, AND ARE MERIT BASED TO RECOGNIZE STELLAR PERFORMANCE. THE BONUSES ARE DETERMINED USING THE FEEDBACK OF THE SUPERVISOR. FOR MANAGEMENT POSITIONS, THE BONUS IS DETERMINED BY THE PRESIDENT USING PERFORMANCE REVIEWS, PORTFOLIO, AND SCOPE OF ACCOUNTABILITY AS METRICS.