Civic Intelligence

Audio Publishers Association

990 • Fiscal year 2021 • EIN 13-3614862

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 01, 2022

333 Hudson Street 503New York, NY 10013

(917) 653-0998

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.29x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.52x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

25th percentile

$0

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

43rd percentile

9.1%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

61st percentile

16%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,273,582

Up $105,783 (+9.1%) from 2020

Net Assets

Up

$907,366

Up $128,906 (+17%) from 2020

Liabilities

Down

$366,216

Down $23,123 (-5.9%) from 2020

Revenue

Up

$699,462

Up $96,364 (+16%) from 2020

Expenses

Up

$570,556

Up $24,755 (+4.5%) from 2020

Net Income

Up

$128,906

Up $71,609 (+125%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $376,354Liabilities 2010: $101,490Net Assets 2010: $274,8642010Assets 2011: $467,668Liabilities 2011: $129,850Net Assets 2011: $337,8182011Assets 2012: $527,432Liabilities 2012: $118,425Net Assets 2012: $409,0072012Assets 2013: $631,818Liabilities 2013: $107,059Net Assets 2013: $524,7592013Assets 2014: $618,124Liabilities 2014: $113,625Net Assets 2014: $504,4992014Assets 2015: $755,112Liabilities 2015: $192,106Net Assets 2015: $563,0062015Assets 2016: $796,550Liabilities 2016: $214,908Net Assets 2016: $581,6422016Assets 2017: $939,952Liabilities 2017: $261,210Net Assets 2017: $678,7422017Assets 2018: $941,512Liabilities 2018: $263,792Net Assets 2018: $677,7202018Assets 2019: $1,063,878Liabilities 2019: $342,715Net Assets 2019: $721,1632019Assets 2020: $1,167,799Liabilities 2020: $389,339Net Assets 2020: $778,4602020Assets 2021: $1,273,582Liabilities 2021: $366,216Net Assets 2021: $907,3662021Assets 2022: $1,413,411Liabilities 2022: $435,656Net Assets 2022: $977,7552022Assets 2023: $1,439,528Liabilities 2023: $446,765Net Assets 2023: $992,7632023Assets 2024: $1,574,463Liabilities 2024: $507,697Net Assets 2024: $1,066,7662024

Highlighted filing

2021

Assets$1,273,582
Liabilities$366,216
Net Assets$907,366

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $422,3802010Expenses 2011: $328,3022011Expenses 2012: $380,9042012Revenue 2013: $510,910Expenses 2013: $395,158Net Income 2013: $115,7522013Revenue 2014: $499,057Expenses 2014: $519,317Net Income 2014: -$20,2602014Revenue 2015: $528,308Expenses 2015: $469,801Net Income 2015: $58,5072015Revenue 2016: $535,647Expenses 2016: $517,011Net Income 2016: $18,6362016Revenue 2017: $637,673Expenses 2017: $540,573Net Income 2017: $97,1002017Revenue 2018: $711,980Expenses 2018: $713,002Net Income 2018: -$1,0222018Revenue 2019: $682,721Expenses 2019: $639,278Net Income 2019: $43,4432019Revenue 2020: $603,098Expenses 2020: $545,801Net Income 2020: $57,2972020Revenue 2021: $699,462Expenses 2021: $570,556Net Income 2021: $128,9062021Revenue 2022: $706,460Expenses 2022: $636,071Net Income 2022: $70,3892022Revenue 2023: $1,196,281Expenses 2023: $1,181,273Net Income 2023: $15,0082023Revenue 2024: $949,090Expenses 2024: $875,087Net Income 2024: $74,0032024

Highlighted filing

2021

Revenue$699,462
Expenses$570,556
Net Income$128,906
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 1, 2022
Return Version
2021v4.0
Gross Receipts
$699,462
Mission and Program Overview

Mission

To advance the profession of audio publishing by means of monthly e-newsletter and trade shows to heighten awareness of spoken word audio.

To increase public awareness for the audiobook industry by engaging in advocacy, events, networking, publicity efforts, and national consumer surveys.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$529,185$648,096▲ $118,911
Savings and Temporary Cash Investments$616,124$608,357▼ $7,767
Prepaid Expenses and Deferred Charges$22,490$17,129▼ $5,361
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,167,799$1,273,582▲ $105,783
Other Assets Total-$0-
Liabilities
Deferred Revenue$389,339$366,216▼ $23,123
Total Liabilities$389,339$366,216▼ $23,123
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$778,460$907,366▲ $128,906
Total Net Assets Fund Balance$778,460$907,366▲ $128,906
Total Liabilities and Net Assets / Fund Balance$1,167,799$1,273,582▲ $105,783
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ana Maria AllessiPresident & CEO
Amy MetschVice President
Caitlin GaringDirector
Dan ZittDirector
Eric BarnettDirector
Jacqueline ProthoDirector
Jessica KayeDirector
Laura GachkoDirector
Lauren CannavinoDirector
Lori BentonDirector
Sean McmanusDirector
Michele CobbExecutive Director
Natalie FedewaSecretary
Lee a JaritTreasurer
Samantha EdelsonVP Mbr Communic
Ronnie ButlerVP Voice Talent
Revenue and Support

Revenue Composition

Contributions and Grants
$306,171
Program Service Revenue
$393,089
Investment Income
$202
Other Revenue
$0
Change in Net Assets
$128,906
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$488,254
Salaries, Compensation, and Employee Benefits$82,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$253,689--$253,689
Fees for Services Management-$85,800-$85,800
Current Officers, Directors, Trustees, and Key Employees-$82,302-$82,302
Fees for Services Legal-$17,313-$17,313
Information Technology$9,764--$9,764
Office Expenses-$2,889-$2,889
Fees for Services Accounting-$2,000-$2,000
Insurance-$1,603-$1,603
Other Expenses$87,778$178-$178
Total Functional Expenses$351,231$219,325$0$570,556
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Electronic draft copies are sent to the executive director of the association for dissemination to the board of directors with written instructions to review and approve the form in accordance with irs regulations. Written comments and questions by the board, if any, are sent to the accountant for responses. Otherwise, each board member signs off on the written instruction sheet that they approve of form 990 as prepared.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board are required to sign a document stating that they have no conflicts of interest between them and any outside parties that would diminish their capacity to serve; this procedure is done on an yearly basis.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Any member of the general public may appear at the management offices of the association and request to inspect copies of:- association governing documents- conflict of interest policy- financial statements- form 990

FORM 990, PART VI, SECTION A, LINE 3:

The organization has engaged the services of black spot, llc to manage its affairs.

FORM 990, PART VI, SECTION A, LINE 6:

The organization has members.the organization's bylaws provide that only the voting members (publisher members)shall have the right to vote on any matter under the bylaws, including but not limited to, the right to vote for the election of a director or directors, or on the disposition of all or substantially all of the assets, or on a dissolution, or on any changes to the articles of incorporation or the bylaws.

FORM 990, PART VI, SECTION A, LINE 7A:

The board of directors establishes the policies governing the counduct of elections. At the annual meetings a majority of the voting members present and voting shall elect such number of directors as necessary to fill vacancies of directors whose terms expired as of such meeting.

Filing and Contact Details

Filer

Filer Name
Audio Publishers Association
EIN
13-3614862
Phone
9176530998
Address
333 HUDSON STREET 503, NEW YORK, NY 10013

Signing Officer

Name
Lee a Jarit
Title
Treasurer
Signed
2022-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee a Jarit
Formed
1987
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Anthony J Cassar CPA Pc
Address
111 WEST SUNRISE HWY, Freeport, NY 11520
Preparer
Laura Marques
Phone
5167717900
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP VOICE TALENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
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IRS990/MissionDesc0TO INCREASE PUBLIC AWARENESS FOR THE AUDIOBOOK INDUSTRY BY ENGAGING IN ADVOCACY, EVENTS, NETWORKING, PUBLICITY EFFORTS, AND NATIONAL CONSUMER SURVEYS.
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017129
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELECTRONIC DRAFT COPIES ARE SENT TO THE EXECUTIVE DIRECTOR OF THE ASSOCIATION FOR DISSEMINATION TO THE BOARD OF DIRECTORS WITH WRITTEN INSTRUCTIONS TO REVIEW AND APPROVE THE FORM IN ACCORDANCE WITH IRS REGULATIONS. WRITTEN COMMENTS AND QUESTIONS BY THE BOARD, IF ANY, ARE SENT TO THE ACCOUNTANT FOR RESPONSES. OTHERWISE, EACH BOARD MEMBER SIGNS OFF ON THE WRITTEN INSTRUCTION SHEET THAT THEY APPROVE OF FORM 990 AS PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD ARE REQUIRED TO SIGN A DOCUMENT STATING THAT THEY HAVE NO CONFLICTS OF INTEREST BETWEEN THEM AND ANY OUTSIDE PARTIES THAT WOULD DIMINISH THEIR CAPACITY TO SERVE; THIS PROCEDURE IS DONE ON AN YEARLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MEMBER OF THE GENERAL PUBLIC MAY APPEAR AT THE MANAGEMENT OFFICES OF THE ASSOCIATION AND REQUEST TO INSPECT COPIES OF:- ASSOCIATION GOVERNING DOCUMENTS- CONFLICT OF INTEREST POLICY- FINANCIAL STATEMENTS- FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS ENGAGED THE SERVICES OF BLACK SPOT, LLC TO MANAGE ITS AFFAIRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS MEMBERS.THE ORGANIZATION'S BYLAWS PROVIDE THAT ONLY THE VOTING MEMBERS (PUBLISHER MEMBERS)SHALL HAVE THE RIGHT TO VOTE ON ANY MATTER UNDER THE BYLAWS, INCLUDING BUT NOT LIMITED TO, THE RIGHT TO VOTE FOR THE ELECTION OF A DIRECTOR OR DIRECTORS, OR ON THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS, OR ON A DISSOLUTION, OR ON ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS ESTABLISHES THE POLICIES GOVERNING THE COUNDUCT OF ELECTIONS. AT THE ANNUAL MEETINGS A MAJORITY OF THE VOTING MEMBERS PRESENT AND VOTING SHALL ELECT SUCH NUMBER OF DIRECTORS AS NECESSARY TO FILL VACANCIES OF DIRECTORS WHOSE TERMS EXPIRED AS OF SUCH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 3:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 6:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION A, LINE 7A:
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IRS990/USAddress/AddressLine1Txt0333 HUDSON STREET 503
IRS990/USAddress/CityNm0NEW YORK
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.57$0.51$1.07$0.95$0.88$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.45$0.99$1.20$1.18$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.44$0.98$0.71$0.64$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.37$0.91$0.70$0.57$0.13
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.39$0.78$0.60$0.55$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.34$0.72$0.68$0.64$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.26$0.68$0.71$0.71$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.26$0.68$0.64$0.54$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.80$0.21$0.58$0.54$0.52$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.19$0.56$0.53$0.47$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.11$0.50$0.50$0.52$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.11$0.52$0.51$0.40$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.12$0.41$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.13$0.34$0.33
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.10$0.27$0.42
Peer Organizations

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