Civic Intelligence

American Translators Association

990 • Fiscal year 2014 • EIN 13-6110863

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 13, 2015

Organization ProfileWWW.ATANET.ORG

View Organization Page

225 Reinekers Lane No 59022314

(703) 683-6100

Siviq Scores

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

Liabilities / Assets

98th percentile

1.24x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.43x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Net Margin

31st percentile

-0.4%

Higher net margin than 31% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

77th percentile

$218,499

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2014

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

2014 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$941,952

Up $174,476 (+23%) from 2013

Net Assets

Up

-$228,688

Up $18,164 (+7.4%) from 2013

Liabilities

Up

$1,170,640

Up $156,312 (+15%) from 2013

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin31st percentile

Revenue

$2,693,236

No earlier filing loaded for comparison.

Expenses

Down

$2,702,738

Down $52,294 (-1.9%) from 2013

Net Income

-$9,502

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,114,104Liabilities 2011: $1,252,949Net Assets 2011: -$138,8452011Assets 2012: $785,850Liabilities 2012: $1,063,047Net Assets 2012: -$277,1972012Assets 2013: $767,476Liabilities 2013: $1,014,328Net Assets 2013: -$246,8522013Assets 2014: $941,952Liabilities 2014: $1,170,640Net Assets 2014: -$228,6882014Assets 2015: $1,061,900Liabilities 2015: $1,244,677Net Assets 2015: -$182,7772015Assets 2016: $1,680,204Liabilities 2016: $1,297,801Net Assets 2016: $382,4032016Assets 2017: $2,238,675Liabilities 2017: $1,337,482Net Assets 2017: $901,1932017Assets 2018: $3,071,921Liabilities 2018: $1,501,953Net Assets 2018: $1,569,9682018Assets 2019: $2,935,898Liabilities 2019: $1,436,362Net Assets 2019: $1,499,5362019Assets 2020: $2,735,639Liabilities 2020: $1,311,259Net Assets 2020: $1,424,3802020Assets 2021: $3,483,316Liabilities 2021: $1,748,074Net Assets 2021: $1,735,2422021Assets 2022: $3,043,307Liabilities 2022: $1,448,973Net Assets 2022: $1,594,3342022Assets 2023: $2,948,912Liabilities 2023: $1,466,625Net Assets 2023: $1,482,2872023Assets 2024: $2,595,077Liabilities 2024: $1,248,066Net Assets 2024: $1,347,0112024Assets 2025: $2,523,734Liabilities 2025: $1,273,235Net Assets 2025: $1,250,4992025

Highlighted filing

2014

Assets$941,952
Liabilities$1,170,640
Net Assets-$228,688
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,730,7912011Expenses 2012: $3,266,1542012Expenses 2013: $2,755,0322013Revenue 2014: $2,693,236Expenses 2014: $2,702,738Net Income 2014: -$9,5022014Revenue 2015: $2,998,337Expenses 2015: $2,948,764Net Income 2015: $49,5732015Revenue 2016: $3,109,021Expenses 2016: $2,540,829Net Income 2016: $568,1922016Revenue 2017: $3,255,566Expenses 2017: $2,747,933Net Income 2017: $507,6332017Revenue 2018: $3,622,387Expenses 2018: $2,993,813Net Income 2018: $628,5742018Revenue 2019: $3,106,749Expenses 2019: $3,204,043Net Income 2019: -$97,2942019Revenue 2020: $2,941,170Expenses 2020: $3,032,817Net Income 2020: -$91,6472020Revenue 2021: $2,418,882Expenses 2021: $2,385,301Net Income 2021: $33,5812021Revenue 2022: $2,939,525Expenses 2022: $2,954,003Net Income 2022: -$14,4782022Revenue 2023: $3,030,416Expenses 2023: $3,189,390Net Income 2023: -$158,9742023Revenue 2024: $3,065,581Expenses 2024: $3,343,643Net Income 2024: -$278,0622024Revenue 2025: $3,098,102Expenses 2025: $3,301,385Net Income 2025: -$203,2832025

Highlighted filing

2014

Revenue$2,693,236
Expenses$2,702,738
Net Income-$9,502
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 13, 2015
Return Version
2013v4.0
Gross Receipts
$2,712,555
Mission and Program Overview

Mission

Ata's mission is to promote the recognition of professional translators and interpreters, to facilitate communication among its members, to establish standards of competence and ethics, to provide its members with professional development opportunities, and to advocate on behalf of the professions.

The mission of ata is to benefit translators and interpreters by promoting recognition of their societal and commercial value, facilitating communication among all its members, establishing standards of competence and ethics, and educating both its members and the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$315,888$351,584▲ $35,696
Savings and Temporary Cash Investments$188,890$338,745▲ $149,855
Land, Buildings, and Equipment, Net$185,284$174,541▼ $10,743
Prepaid Expenses and Deferred Charges$58,357$58,015▼ $342
Accounts Receivable$9,994$9,954▼ $40
Cash and Non-Interest-Bearing Accounts$600$600→ $0
Total Assets$767,476$941,952▲ $174,476
Other Assets Total$8,463$8,513▲ $50
Liabilities
Deferred Revenue$824,386$984,347▲ $159,961
Accounts Payable and Accrued Expenses$119,336$127,481▲ $8,145
Other Liabilities$70,606$58,812▼ $11,794
Total Liabilities$1,014,328$1,170,640▲ $156,312
Net Assets / Fund Balance
Unrestricted Net Assets$-246,852$-228,688▲ $18,164
Total Net Assets Fund Balance$-246,852$-228,688▲ $18,164
Total Liabilities and Net Assets / Fund Balance$767,476$941,952▲ $174,476

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$141,246$137,305$278,551
Equipment$9,265$141,171$150,436
Leasehold Improvements$24,030$32,040$56,070
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Walter BacakExecutive DirectorFT$162,000$56,499$218,499
Roshan PokharelIt ManagerFT$100,858$29,152$130,010

Board Members and Trustees

NameTitle
Caitilin WalshPresident
David RumseyPresident Elect
Corinne L MckayDirector
Evelyn Yang GarlandDirector
Faiza SultanDirector
Jane MaierDirector
Lois M FeuerleDirector
Odile J LegeayDirector
Rudy HellerDirector
Timothy YuanDirector
Virginia Perez-santallaDirector
Boris SilversteynSecretary
Ted WozniakTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Better ImpressionsPrinting Company-$179,817
Ellen BankerDesktop Publishing-$113,109
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,655,859
Investment Income
$15,198
Other Revenue
$22,179
Change in Net Assets
$-9,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,627,923
Salaries, Compensation, and Employee Benefits$1,074,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$580,161
Conferences and Meetings---$490,768
Current Officers, Directors, Trustees, and Key Employees---$340,609
Occupancy---$144,667
All Other Expenses---$65,879
Payroll Taxes---$63,439
Other Employee Benefits---$59,066
Travel---$54,682
Office Expenses---$51,600
Information Technology---$44,054
Depreciation Depletion---$40,160
Pension Plan Contributions---$31,540
Other Expenses---$29,525
Fees for Services Accounting---$20,544
Insurance---$8,301
Fees for Services Legal---$3,699
Total Functional Expenses$0$0$0$2,702,738
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

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Section 527 Activity Spending$0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$36,117
Rent Abatement$22,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

“The executive committee shall consist of the elected officers of the association; i.e. The president, president-elect, secretary, and treasurer (all four of whom shall be voting members of the executive committee), and a nonvoting staff member approved by the board of directors. The executive committee has such policymaking and executive authority as may be vested in it by the board of directors, except that it shall have no authority in the following matters: a. Submission to members of any action requiring members' approval; b. The filling of vacancies in the board of directors or executive committee; c. Other matters expressly prohibited by statute. The executive committee shall consist at all times of three or more directors and it shall have and exercise the authority of the board of directors in management of the association; but the delegation thereto of authority shall not operate to relieve the board of directors, or any individual director, of any responsibility imposed upon them by law. The executive committee may act in between meetings of the board.”

Form 990, Part VI, Section A, Line 6

“The membership of the association shall consist of the following eight classes: active, corresponding, associate, student, institutional, corporate, life, and honorary.”

Form 990, Part VI, Section A, Line 7A

“The active members are deemed to be voting members with the right to vote for board members, serve on the board of directors, make bylaw changes, and serve on committees.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 prepared by an outside public accounting firm based on input and information provided by management. Once the return is complete, management carefully reviews the filing, recommends changes and approves the return. The return is then provided to each member of the board for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is enforced by the executive committee. Any violations are immediately addressed and proper action is taken. The matter is addressed with the party in conflict. The committee will decide on the appropriate action to take depending upon the conflict such as preventing the individual from participating in an event or deciding upon a issue. Under normal circumstances, the issue is resolved at this level. If the matter becomes escalated beyond the comfort of the committee, corporate counsel will mediate the issue at hand to resolution.”

Form 990, Part VI, Section B, Line 15A

“The executive committee determines the compensation of the executive director using independent market data as references. They also perform annual performance evaluations for the executive director. This was most recently undertaken in 2014. The executive director approves the compensation for other officers and key employees. The executive director uses relevant hr resources as a tool to ensure that fair compensation is extended to all staff. This was most recently undertaken in 2014.”

Form 990, Part VI, Section C, Line 19

“The association makes its governing documents available on its website. The conflict of interest policy and financial statements are not made available to the public.”

Filing and Contact Details

Filer

EIN
13-6110863
Phone
7036836100

Signing Officer

Name
Walter Bacak
Title
Executive Director
Phone
7036836100
Signed
2015-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter Bacak
Formed
1962
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
11
Volunteers
103

Preparer

Preparer
Andrew J Smith
Phone
7039985100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The association is exempt from federal income tax under section 501(c)(6) of the internal revenue code, except on net income from activities unrelated to its exempt purpose. Afti is exempt from federal income tax under section 501(c)(3) of the internal revenue code, except on net income from activities unrelated to its exempt purpose. Afti has been determined to be a supporting organization to the association under section 509(a)(3). For the years ended june 30, 2014 and 2013, no accrual for income taxes was necessary. The organization adopted a policy that clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. The policy prescribes a recognition threshold and measurement principles for the financial statement recognition and measurement of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The implementation of this policy had no impact on the organization's consolidated financial statements. The organization's tax returns are subject to review and examination by federal, state and local authorities. The tax returns for the fiscal years ended june 30, 2011, 2012, and 2013 are open to examination by federal, local and state authorities.”

Raw XML AppendixShowing 400 of 514 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14IT MANAGER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt05525
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt024844
IRS990/GrossReceiptsAmt02712555
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt044054
IRS990/InsuranceGrp/TotalAmt08301
IRS990/InvestmentIncomeGrp/ExclusionAmt09673
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09673
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0315888
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0351584
IRS990/IRPDocumentCnt053
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0310516
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0185284
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0174541
IRS990/LandBldgEquipCostOrOtherBssAmt0485057
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt019319
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF ATA IS TO BENEFIT TRANSLATORS AND INTERPRETERS BY PROMOTING RECOGNITION OF THEIR SOCIETAL AND COMMERCIAL VALUE, FACILITATING COMMUNICATION AMONG ALL ITS MEMBERS, ESTABLISHING STANDARDS OF COMPETENCE AND ETHICS, EDUCATING ITS MEMBERS AND THE PUBLIC.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-246852
IRS990/NetAssetsOrFundBalancesEOYAmt0-228688
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05525
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05525
IRS990/NetUnrelatedBusTxblIncmAmt0-3553
IRS990/NetUnrlzdGainsLossesInvstAmt027666
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0144667
IRS990/OfficeExpensesGrp/TotalAmt051600
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08463
IRS990/OtherAssetsTotalGrp/EOYAmt08513
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059066
IRS990/OtherExpensesGrp/Desc0CHRONICLE
IRS990/OtherExpensesGrp/Desc1GENERAL ADMINISTRATION
IRS990/OtherExpensesGrp/Desc2CERTIFICATION
IRS990/OtherExpensesGrp/Desc3PUBLICATIONS
IRS990/OtherExpensesGrp/TotalAmt0328669
IRS990/OtherExpensesGrp/TotalAmt1177347
IRS990/OtherExpensesGrp/TotalAmt2168028
IRS990/OtherExpensesGrp/TotalAmt329525
IRS990/OtherLiabilitiesGrp/BOYAmt070606
IRS990/OtherLiabilitiesGrp/EOYAmt058812
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt02635
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02635
IRS990/OtherRevenueTotalAmt02635
IRS990/OtherSalariesAndWagesGrp/TotalAmt0580161
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt063439
IRS990/PensionPlanContributionsGrp/TotalAmt031540
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058357
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt058015
IRS990/PrincipalOfficerNm0WALTER BACAK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3541800
IRS990/ProgramServiceRevenueGrp/BusinessCd4511190
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1CONFERENCE/PROF DEV
IRS990/ProgramServiceRevenueGrp/Desc2CERTIFICATION PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc3CHRONICLE
IRS990/ProgramServiceRevenueGrp/Desc4PUBLICATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01770500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1614521
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2190256
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt317860
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt45037
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01770500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1614521
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2190256
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt375545
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45037
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt057685
IRS990/ProgSrvcAccomActy2Grp/Desc0CHRONICLE - A 40-44 PAGE PUBLICATION DESIGNED TO EDUCATE AND INFORM MEMBERS IN CURRENT EVENTS AND LATEST TECHNOLOGIES WITHIN THE SCOPE OF TRANSLATION AND INTERPRETATION.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROFESSIONAL DEVELOPMENT - A SERIES OF SEMINARS AND WEBINARS DESIGNED TO ENHANCE THE KNOWLEDGE AND SKILLS OF TRANSLATORS AND INTERPRETERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011864
IRS990/PYOtherExpensesAmt01750464
IRS990/PYOtherRevenueAmt046428
IRS990/PYProgramServiceRevenueAmt02706087
IRS990/PYRevenuesLessExpensesAmt09347
IRS990/PYSalariesCompEmpBnftPaidAmt01004568
IRS990/PYTotalExpensesAmt02755032
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02764379
IRS990/ReconcilationRevenueExpnssAmt0-9502
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt019544
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt019544
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0188890
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0338745
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/Expended527ActivitiesAmt00
IRS990ScheduleC/InternalFundsContributedAmt00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/PoliticalExpendituresAmt00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/VolunteerHoursCnt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt09265
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0141171
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0150436
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt024030
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032040
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt056070
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0141246
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0137305
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0278551
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122695
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENT ABATEMENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. AFTI IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE. AFTI HAS BEEN DETERMINED TO BE A SUPPORTING ORGANIZATION TO THE ASSOCIATION UNDER SECTION 509(A)(3). FOR THE YEARS ENDED JUNE 30, 2014 AND 2013, NO ACCRUAL FOR INCOME TAXES WAS NECESSARY. THE ORGANIZATION ADOPTED A POLICY THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS POLICY HAD NO IMPACT ON THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE FISCAL YEARS ENDED JUNE 30, 2011, 2012, AND 2013 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL AND STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0174541
IRS990ScheduleD/TotalLiabilityAmt058812
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0162000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount05000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt023000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028499
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WALTER BACAK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0218499
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE ELECTED OFFICERS OF THE ASSOCIATION; I.E. THE PRESIDENT, PRESIDENT-ELECT, SECRETARY, AND TREASURER (ALL FOUR OF WHOM SHALL BE VOTING MEMBERS OF THE EXECUTIVE COMMITTEE), AND A NONVOTING STAFF MEMBER APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE HAS SUCH POLICYMAKING AND EXECUTIVE AUTHORITY AS MAY BE VESTED IN IT BY THE BOARD OF DIRECTORS, EXCEPT THAT IT SHALL HAVE NO AUTHORITY IN THE FOLLOWING MATTERS: A. SUBMISSION TO MEMBERS OF ANY ACTION REQUIRING MEMBERS' APPROVAL; B. THE FILLING OF VACANCIES IN THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE; C. OTHER MATTERS EXPRESSLY PROHIBITED BY STATUTE. THE EXECUTIVE COMMITTEE SHALL CONSIST AT ALL TIMES OF THREE OR MORE DIRECTORS AND IT SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN MANAGEMENT OF THE ASSOCIATION; BUT THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF DIRECTORS, OR ANY INDIVIDUAL DIRECTOR, OF ANY RESPONSIBILITY IMPOSED UPON THEM BY LAW. THE EXECUTIVE COMMITTEE MAY ACT IN BETWEEN MEETINGS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP OF THE ASSOCIATION SHALL CONSIST OF THE FOLLOWING EIGHT CLASSES: ACTIVE, CORRESPONDING, ASSOCIATE, STUDENT, INSTITUTIONAL, CORPORATE, LIFE, AND HONORARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ACTIVE MEMBERS ARE DEEMED TO BE VOTING MEMBERS WITH THE RIGHT TO VOTE FOR BOARD MEMBERS, SERVE ON THE BOARD OF DIRECTORS, MAKE BYLAW CHANGES, AND SERVE ON COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 PREPARED BY AN OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INPUT AND INFORMATION PROVIDED BY MANAGEMENT. ONCE THE RETURN IS COMPLETE, MANAGEMENT CAREFULLY REVIEWS THE FILING, RECOMMENDS CHANGES AND APPROVES THE RETURN. THE RETURN IS THEN PROVIDED TO EACH MEMBER OF THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS ENFORCED BY THE EXECUTIVE COMMITTEE. ANY VIOLATIONS ARE IMMEDIATELY ADDRESSED AND PROPER ACTION IS TAKEN. THE MATTER IS ADDRESSED WITH THE PARTY IN CONFLICT. THE COMMITTEE WILL DECIDE ON THE APPROPRIATE ACTION TO TAKE DEPENDING UPON THE CONFLICT SUCH AS PREVENTING THE INDIVIDUAL FROM PARTICIPATING IN AN EVENT OR DECIDING UPON A ISSUE. UNDER NORMAL CIRCUMSTANCES, THE ISSUE IS RESOLVED AT THIS LEVEL. IF THE MATTER BECOMES ESCALATED BEYOND THE COMFORT OF THE COMMITTEE, CORPORATE COUNSEL WILL MEDIATE THE ISSUE AT HAND TO RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION OF THE EXECUTIVE DIRECTOR USING INDEPENDENT MARKET DATA AS REFERENCES. THEY ALSO PERFORM ANNUAL PERFORMANCE EVALUATIONS FOR THE EXECUTIVE DIRECTOR. THIS WAS MOST RECENTLY UNDERTAKEN IN 2014. THE EXECUTIVE DIRECTOR APPROVES THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. THE EXECUTIVE DIRECTOR USES RELEVANT HR RESOURCES AS A TOOL TO ENSURE THAT FAIR COMPENSATION IS EXTENDED TO ALL STAFF. THIS WAS MOST RECENTLY UNDERTAKEN IN 2014.

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$941,952
Liabilities
$1,170,640
Net assets
-$228,688
Revenue
$2,693,236
Expenses
$2,702,738
Net income
-$9,502
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.52$1.27$1.25$3.10$3.30$0.20
2024Detailed filing. Detailed filing data is available for this year.$2.60$1.25$1.35$3.07$3.34$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.95$1.47$1.48$3.03$3.19$0.16
2022Detailed filing. Detailed filing data is available for this year.$3.04$1.45$1.59$2.94$2.95$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.48$1.75$1.74$2.42$2.39$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.74$1.31$1.42$2.94$3.03$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.94$1.44$1.50$3.11$3.20$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.07$1.50$1.57$3.62$2.99$0.63
2017Detailed filing. Detailed filing data is available for this year.$2.24$1.34$0.90$3.26$2.75$0.51
2016Detailed filing. Detailed filing data is available for this year.$1.68$1.30$0.38$3.11$2.54$0.57
2015Detailed filing. Detailed filing data is available for this year.$1.06$1.24$0.18$3.00$2.95$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.94$1.17$0.23$2.69$2.70$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$1.01$0.25$2.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$1.06$0.28$3.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$1.25$0.14$2.73