Civic Intelligence

American Aging Association Inc.

990 • Fiscal year 2017 • EIN 23-7364654

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

2885 Sanford Avenue SW39542Grandville, MI 49418

(617) 358-8266

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

32nd percentile

-6.9%

Faster asset growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-31%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$372,255

Down $27,605 (-6.9%) from 2016

Net Assets

Down

$370,455

Down $29,405 (-7.4%) from 2016

Liabilities

Up

$1,800

Up $1,800 from 2016

Revenue

Down

$219,225

Down $99,376 (-31%) from 2016

Expenses

Up

$274,477

Up $1,177 (+0.4%) from 2016

Net Income

Down

-$55,252

Down $100,553 (-222%) from 2016

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 2013: $290,848Liabilities 2013: $0Net Assets 2013: $290,8482013Assets 2014: $247,771Liabilities 2014: $900Net Assets 2014: $246,8712014Assets 2015: $329,999Liabilities 2015: $900Net Assets 2015: $329,0992015Assets 2016: $399,860Liabilities 2016: $0Net Assets 2016: $399,8602016Assets 2017: $372,255Liabilities 2017: $1,800Net Assets 2017: $370,4552017Assets 2018: $391,286Liabilities 2018: $900Net Assets 2018: $390,3862018Assets 2019: $429,471Liabilities 2019: $900Net Assets 2019: $428,5712019Assets 2020: $558,576Liabilities 2020: $0Net Assets 2020: $558,5762020Assets 2021: $739,587Liabilities 2021: $10,257Net Assets 2021: $729,3302021Assets 2022: $900,934Liabilities 2022: $31,396Net Assets 2022: $869,5382022Assets 2023: $1,323,681Liabilities 2023: $44,555Net Assets 2023: $1,279,1262023Assets 2024: $1,800,403Liabilities 2024: $204,053Net Assets 2024: $1,596,3502024

Highlighted filing

2017

Assets$372,255
Liabilities$1,800
Net Assets$370,455

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $175,149Expenses 2013: $180,835Net Income 2013: -$5,6862013Revenue 2014: $241,878Expenses 2014: $285,855Net Income 2014: -$43,9772014Revenue 2015: $207,390Expenses 2015: $125,162Net Income 2015: $82,2282015Revenue 2016: $318,601Expenses 2016: $273,300Net Income 2016: $45,3012016Revenue 2017: $219,225Expenses 2017: $274,477Net Income 2017: -$55,2522017Revenue 2018: $283,489Expenses 2018: $252,049Net Income 2018: $31,4402018Revenue 2019: $338,466Expenses 2019: $338,896Net Income 2019: -$4302019Revenue 2020: $209,836Expenses 2020: $75,439Net Income 2020: $134,3972020Revenue 2021: $298,235Expenses 2021: $183,666Net Income 2021: $114,5692021Revenue 2022: $536,560Expenses 2022: $393,918Net Income 2022: $142,6422022Revenue 2023: $752,987Expenses 2023: $343,403Net Income 2023: $409,5842023Revenue 2024: $937,872Expenses 2024: $618,989Net Income 2024: $318,8832024

Highlighted filing

2017

Revenue$219,225
Expenses$274,477
Net Income-$55,252
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$219,225
Mission and Program Overview

Mission

Promote biomedical aging studies; keep the public informed of the progress of aging research and increase knowledge of gerontology among physicians and others in the health fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$330,251$331,638▲ $1,387
Cash and Non-Interest-Bearing Accounts$69,234$40,617▼ $28,617
Accounts Receivable$375$0▼ $375
Savings and Temporary Cash Investments-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$399,860$372,255▼ $27,605
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$1,800-
Total Liabilities$0$1,800▲ $1,800
Net Assets / Fund Balance
Temporarily Rstr Net Assets$122,681$148,527▲ $25,846
Permanently Rstr Net Assets$131,869$131,869→ $0
Unrestricted Net Assets$145,310$90,059▼ $55,251
Total Net Assets Fund Balance$399,860$370,455▼ $29,405
Total Liabilities and Net Assets / Fund Balance$399,860$372,255▼ $27,605

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$254,550-▲ $25,846-$280,396
2016$229,089-▲ $25,461-$254,550
2015$215,031-▲ $14,058-$229,089
2014$201,662-▲ $13,369-$215,031
2013$144,154$18,032▲ $39,974$498$201,662
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$52,346
Program Service Revenue
$161,338
Investment Income
$5,541
Other Revenue
$0
All Other Contributions
$12,346
Change in Net Assets
$-55,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,798
Salaries, Compensation, and Employee Benefits$37,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$178,844--$178,844
Other Salaries and Wages-$35,000-$35,000
Fees for Services Accounting-$10,895-$10,895
Office Expenses-$3,982-$3,982
All Other Expenses-$3,748-$3,748
Other Expenses$3,333$10,290-$3,333
Payroll Taxes-$2,679-$2,679
Travel-$1,723-$1,723
Total Functional Expenses$206,160$68,317$0$274,477
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
Lobbying activity
No
Subject to proxy tax
No
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
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 1A: Explanation of Delegated Broad Authority to Committee

The executive committee is composed of the chairperson of the board, the president, president-elect, senior vice-president, secretary, treasurer, immediate past president, and two members elected by the board of directors from the twenty (20) directors elected from the membership as a whole. The chairperson of the board, or in his absence, the president, will serve as chairperson.the committee conducts the affairs of the corporation in the intervals between regular annual meetings of the corporation. The constraints on their activity are the same as those on the board.

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The organization contracts with alliance for aging research for management services. The management company reports to the organization's board of directors.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

This corporation has five classes of members as indicated below, consisting of persons who support the purposes of this corporation, abide by the rules of conduct for membership, and make timely payment of such dues and fees as the board may fix from time to time. 1. Scientific members: such members will have a college degree(s), or equivalent training, in one or more areas related to biomedical gerontology, such as chemistry, biology or medicine. An individual may become a scietntific member of the american aging association upon submission of an application and payment of dues. The application will be reviewed by the credentials committee or their delegate(s); membership will be granted if it is deemed the applicant will be an asset to the organization. They shall have the right to vote and hold office. 2. Lay members: requirements are the same as for scientific members except that lay members lack training in areas related to biomedical gerontology. They shall have the right to vote and to hold all offices except those of president and president-elect.3. Fellows: an individual may become a fellow by application or invitation of the fellowship committee; in either case they should submit their cv and sponsoring letters from fellows. They shall have the right to vote and hold office. They shall pay dues. Requirements: major contributions to biomedial aging research as recognized by the fellowship review committee. This will usually consist of at least co-authorship of five or more publications in peer reviewed journals describing original investigations relevant to biomedical aging research with lead authorship on at least one paper. Approved fellowship applications will be voted on at the annual meeting of the board.4. Student members: a student may become a student member of the american aging association upon submission of an application with sponsorship by a faculty advisor and payment of dues. Advancement to regular membership will require review by the credentials committee. They shall not have the right to vote or to hold office.5. Trustee: members, either lay or scientific, who have been appointed by the board to serve as advisors to them. Their term is for five years. They may be reappointed again. They shall pay dues. They have the right to vote with the general membership. They can stand for an office; if elected, their appointment as trustee is voided. 6. Honorary members: the board of directors, by a 2/3 vote, may bestow honorary membership upon an individual who has made extraordinary contributions or who had provided extraordinary support to the american aging association. Honorary membership is a lifetime appointment. Honorary members do not have to pay dues and will have all registration fees waived for the annual meetings of the american aging asssociation. They have all other privileges of membership including the right to vote, to run for office and to serve on committees.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The members of the classes of membership having voting rights are entitled to vote, as set forth in the bylaws, on the election of directors and officers.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The members of the classes of membership having voting rights are entitled to vote, as set forth in the bylaws, on the disposition of all or substantially all of the assets of the corporation, on any merger and its principal terms and any amendment of those terms, on any elections to dissolve the corporation, on an amendment to the articles of incorporation, except as otherwise specified in the ohio nonprofit corporation law; and on the amendment or repeal of these bylaws, except as otherwise specified in the ohio nonprofit corporation law. In addition, members shall have all rights afforded members under the ohio nonprofit corporation law.

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

The form 990 is reviewed by the treasurer and the executive committee and signed by the board president before filing. The form 990 is presented to the full board at the next regularly scheduled board meeting.

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

The organization makes its bylaws available to the public on its website and financial statement information, as reflected in the form 990, is available to the public on guidestar.org.

Filing and Contact Details

Filer

Filer Name
American Aging Association Inc
EIN
23-7364654
Phone
6173588266
Address
2885 Sanford Avenue SW39542, Grandville, MI 49418

Signing Officer

Name
Douglas Rosene PhD
Title
Treasurer
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
Oh
Voting Board Members
29
Independent Board Members
29
Employees
1
Volunteers
29

Preparer

Firm
Morey Nee Buck & Oswald LLC
Address
2571 BAGLYOS CIR STE B20, BETHLEHEM, PA 18020-8046
Preparer
William C Oswald
Phone
6108821000
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The organization's endowment funds are to support costs associated with the annual scientific meeting.

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