Civic Intelligence

American Aging Association Inc.

990 • Fiscal year 2019 • EIN 23-7364654

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 13, 2020

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

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

40th percentile

-0.1%

Higher net margin than 40% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

62nd percentile

9.8%

Faster asset growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$429,471

Up $38,185 (+9.8%) from 2018

Net Assets

Up

$428,571

Up $38,185 (+9.8%) from 2018

Liabilities

Flat

$900

Flat from 2018

Revenue

Up

$338,466

Up $54,977 (+19%) from 2018

Expenses

Up

$338,896

Up $86,847 (+34%) from 2018

Net Income

Down

-$430

Down $31,870 (-101%) from 2018

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

2019

Assets$429,471
Liabilities$900
Net Assets$428,571

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

2019

Revenue$338,466
Expenses$338,896
Net Income-$430
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 13, 2020
Return Version
2019v5.0
Gross Receipts
$338,466
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$326,132$370,745▲ $44,613
Cash and Non-Interest-Bearing Accounts$65,153$58,726▼ $6,427
Savings and Temporary Cash Investments-$0-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$391,286$429,471▲ $38,185
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$900$900→ $0
Total Liabilities$900$900→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$268,887$307,502▲ $38,615
Net Assets Without Donor Restrictions$121,499$121,069▼ $430
Total Net Assets Fund Balance$390,386$428,571▲ $38,185
Total Liabilities and Net Assets / Fund Balance$391,286$429,471▲ $38,185

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$268,887-▲ $38,615-$307,502
2018$280,396-▼ $11,509-$268,887
2017$254,550-▲ $25,846-$280,396
2016$229,089-▲ $25,461-$254,550
2015$215,031-▲ $14,058-$229,089
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$73,642
Program Service Revenue
$258,525
Investment Income
$6,299
Other Revenue
$0
All Other Contributions
$23,842
Change in Net Assets
$-430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$301,218
Salaries, Compensation, and Employee Benefits$37,678
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$225,248--$225,248
Other Salaries and Wages-$35,000-$35,000
Fees for Services Accounting-$9,000-$9,000
All Other Expenses$2,025$2,217-$4,242
Travel-$4,028-$4,028
Office Expenses-$3,953-$3,953
Payroll Taxes-$2,678-$2,678
Other Expenses$10,633$2,556-$2,556
Advertising$116--$116
Total Functional Expenses$272,964$65,932$0$338,896
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
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

Membership. The committee will be composed of 11 voting persons:a. (1) Chairperson,b. (1) President,c. (1) President-elect,d. (1) Secretary,e. (1) Treasurer,f. (1) The immediate Past-Presidentg. (4) The previous last four Past-Presidenth. (1) One member (the Member-at-Large) elected by the Board of Directors from the twenty (20) Directors elected from the membership as a whole.

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

The 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 college, graduate or medical degree(s), or equivalent training, in one or more areas related to biomedical gerontology, such as chemistry, biology or medicine. An individual meeting these requirements may become a scietntific member of the american aging association upon payment of dues. The age executive committee and the age board of directors reserves the right to review and reject new applications by a majority vote. Scientific members shall have the right to vote and hold office. 2. Lay members: requirements are the same as for scientific members except that lay members are not required to have a college, graduate or medical degree, and may lack training in areas related to biomedical gerontology. They shall have the right to vote and to hold all offices except those of president, president-elect and president-elect-elect.3. Fellows: scientific or lay members may become a fellow by nomination by another fellow. The nomination documents must be submitted to the awards committee. Fellows shall have the right ot vote and hold office while maintaining active membership. They shall pay dues.4. Trainee members: there are two sub-categories in this membership type, both of which include membership in the american aging association's trainee chapter: pre-baccalaureate trainees are those who are not yet qualifiied to be scientific members, but who are enrolled in a course of study at an accredited college or university or high school. To become a pre-baccalaureate trainee of the american aging association, the individual must be sponsored by a current scientific member of the association, and pay dues. They shall not have the reight to vote or to hold office. Post-baccalaureate trainees have a college degree (b.a., b.s. Or equivalent) and are either: 1) engaged in research with the intention of applying to graduate or medical school; 2) a current graduate student; 3) a current medical student; or 4) a postdoctoral trainee. They shall pay dues, and shall have the right to vote and to hold office.5. Honorary members: the board of directors, by a 2/3rds vote, may bestow honorary membership upon an individual who has made extraordinary contributions or who has 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, it is then approved and signed by the treasurer 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
2020-10-13
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
Oh
Voting Board Members
26
Independent Board Members
26
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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IRS990/Form990PartVIISectionAGrp/PersonNm4Rochelle Buffenstein PhD
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