Financial Report

2017 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%

2017 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, 2017

(With Summarized Financial Information for the Year Ended December 31, 2016)

2017

2016

ASSETS

Cash and Cash Equivalents

$122,456

$292,068

Accounts Receivable

468,787

534,378

Prepaid Expenses and Other Assets

104,175

110,571

Investments

16,288,521

13,559,579

Property and Equipment, Net

457,059

639,255

Total Assets

$17,440,998

$15,135,851

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts Payable and Accrued Expenses

$354,484

$350,592

Deferred Membership and Subscription Revenue

851,586

874,366

Deferred Life Member Revenue

170,656

150,568

Deferred Lease Benefit

327,888

347,539

Deferred Tenant Allowance

304,761

351,648

Total Liabilities

$2,009,375

$2,074,713

NET ASSETS

Unrestricted:

Operating

$9,420,915

$8,120,571

Sections

4,080,956

3,206,080

Board Designations – Other

19,739

Quasi-Endowment

452,311

413,620

Total Unrestricted

13,973,921

11,740,271

Temporarily Restricted

726,551

686,553

Permanently Restricted

731,151

634,314

Total Net Assets

15,431,623

13,061,138

Total Liabilities and Net Assets

$17,440,998

$15,135,851

Statement of Activities

For the year ending December 31, 2017 (with summarized financial information for the year ending December 31, 2016)

Unrestricted

Temporarily
Restricted

Permanently Restricted

2017
Total

2016
Total

REVENUE AND SUPPORT

Membership Dues

$1,699,289

$-

$-

$1,699,289

$1,720,599

Annual Meeting

1,402,392

–

–

1,402,392

1,194,552

Publications

1,286,449

–

–

1,286,449

1,342,868

Grants and Contributions

96,803

91,091

96,837

284,731

266,562

Other Income

1,367,048

–

–

1,367,048

380,676

Section Meetings

141,079

–

–

141,079

83,264

Net Assets Released from Restrictions:

–

–

–

Satisfaction of Program Restrictions

109,104

(109,104)

Total Revenue and Support

6,102,164

(18,013)

96,837

6,180,988

4,988,521

EXPENSES

Program Services:

Publications

1,138,893

–

–

1,138,893

1,223,515

Annual Meeting

857,425

–

–

857,425

976,239

Sections

449,207

–

–

449,207

275,238

Academic, Practicing & Career Center

227,468

–

–

227,468

214,263

Membership

386,649

–

–

386,649

307,452

Government Affairs, Marketing/

–

–

–

–

–

Communications & Media Relations

429,569

–

–

429,569

373,387

Public Education

149,562

–

–

149,562

168,338

Total Program Services

3,638,773

–

–

3,638,773

3,538,432

Supporting Services:

Management and Governance

1,881,299

–

–

1,881,299

1,986,890

Development

62,035

–

–

62,035

62,721

Total Supporting Services

1,943,334

–

–

1,943,334

2,049,611

Total Expenses

5,582,107

–

–

5,582,107

5,588,043

CHANGE IN NET ASSETS BEFORE INVESTMENT INCOME

520,057

(18,013)

96,837

598,881

(599,522)

INVESTMENT INCOME

Interest and Dividends

194,394

58,011

–

252,405

292,557

Investment Fees

(125,641)

–

–

(125,641)

(125,118)

Realized Gains on Investments

507,972

–

–

507,972

380,532

Unrealized (Loss) Gains on Investments

1,136,868

–

–

1,136,868

24,344

Total Investment Income, Net

1,713,593

58,011

–

1,771,604

572,315

CHANGE IN NET ASSETS

2,233,650

39,998

96,837

2,370,485

(27,207)

NET ASSETS, BEGINNING OF YEAR

11,740,271

686,553

634,314

13,061,138

13,088,345

NET ASSETS, END OF YEAR

$13,973,921

$726,551

$731,151

$15,431,623

$13,061,138