Category: Financials

Financial Report

2016 SOURCES OF AAA REVENUE

● Membership Dues 37.3%

● Annual Meeting 28.6%

● Publications 20.2%

● Other Income 6.7%

● Grants and Contributions 4%

● Section Meetings 3.2%

2016 USES OF AAA REVENUE

2016 USES OF AAA REVENUE

● Public Education 2.4%

● Academic Services 3.2%

● Government Affairs 6.1%

● Membership 6.1%

● Sections 11.3%

● Annual Meeting 17.6%

● G&A and Development 35.10%

● Publications 18.2%

Statement of Financial Position

December 31, 2016

(With Summarized Financial Information as of December 31, 2015)

2016

2015

ASSETS

Cash and Cash Equivalents

$292,068

$31,961

Accounts Receivable

534,378

435,761

Prepaid Expenses and Other Assets

110,571

132,675

Investments

13,559,579

13,782,854

Property and Equipment, Net

639,255

816,641

Total Assets

$15,135,851

$15,199,892

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts Payable and Accrued Expenses

$350,592

$362,031

Deferred Membership and Subscription Revenue

874,366

852,452

Deferred Life Member Revenue

150,568

148,788

Deferred Lease Benefit

347,539

349,742

Deferred Tenant Allowance

351,648

398,534

Total Liabilities

$2,074,713

$2,111,547

NET ASSETS

Unrestricted:

Operating

$8,327,045

$8,826,011

Sections

3,413,226

3,089,842

Total Unrestricted

11,740,271

11,915,853

Temporarily Restricted

686,553

562,326

Permanently Restricted

634,314

610,166

Total Net Assets

13,061,138

13,088,345

Total Liabilities and Net Assets

$15,135,851

$15,199,892

Statement of Activities

For the year ending December 31, 2016 (with summarized financial information for the year ending December 31, 2015)

Unrestricted

Temporarily
Restricted

Permanently Restricted

2016
Total

2015
Total

REVENUE AND SUPPORT

Membership Dues

$1,720,599

$-

$-

$1,720,599

$1,864,046

Annual Meeting

1,194,552

–

–

1,194,552

1,377,177

Publications

1,342,868

–

–

1,342,868

1,010,622

Grants and Contributions

127,525

114,889

24,148

266,562

202,625

Other Income

380,676

–

–

380,676

392,063

Section Meetings

83,264

–

–

83,264

155,807

Net Assets Released from Restrictions:

–

–

–

Satisfaction of Program Restrictions

42,389

(42,389)

Total Revenue and Support

4,891,873

72,500

24,148

4,988,521

5,002,340

EXPENSES

Program Services:

Publications

1,223,515

–

–

1,223,515

1,007,107

Annual Meeting

976,239

–

–

976,239

972,161

Sections

275,238

–

–

275,238

623,280

Academic, Practicing & Career Center

214,263

–

–

214,263

180,715

Membership

307,452

–

–

307,452

339,625

Government Affairs, Marketing/

–

–

–

–

–

Communications & Media Relations

373,387

–

–

373,387

338,443

Public Education

168,338

–

–

168,338

133,371

Total Program Services

3,538,432

–

–

3,538,432

3,594,702

Supporting Services:

Management and Governance

1,986,890

–

–

1,986,890

1,883,763

Development

62,721

–

–

62,721

60,940

Total Supporting Services

2,049,611

–

–

2,049,611

1,944,703

Total Expenses

5,588,043

–

–

5,588,043

5,539,405

CHANGE IN NET ASSETS BEFORE INVESTMENT INCOME

(696,170)

72,500

24,148

(599,522)

(537,065)

INVESTMENT INCOME

Interest and Dividends

240,830

51,727

–

292,557

271,903

Investment Fees

(125,118)

–

–

(125,118)

(126,015)

Realized Gains on Investments

380,532

–

–

380,532

759,154

Unrealized (Loss) Gains on Investments

24,344

–

–

24,344

(553,930)

Total Investment Income, Net

520,588

51,727

–

572,315

351,112

CHANGE IN NET ASSETS

(175,582)

124,227

24,148

(27,207)

(185,953)

NET ASSETS, BEGINNING OF YEAR

11,915,853

562,326

610,166

13,088,345

13,274,298

NET ASSETS, END OF YEAR

$11,740,271

$686,553

$634,314

$13,061,138

$13,088,345