Civic Intelligence

Association for Accounting Marketing Inc

990 • Fiscal year 2023 • EIN 36-3682169

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

201 E Main St Ste 810Lexington, KY 40507

(859) 402-9769

Siviq Scores

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

Liabilities / Assets

56th percentile

0.20x

Higher debt load relative to assets than 56% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.26x

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

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

21%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

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

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

88th percentile

31%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

20%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,457,904

Up $342,851 (+31%) from 2022

Net Assets

Up

$1,172,376

Up $296,834 (+34%) from 2022

Liabilities

Up

$285,528

Up $46,017 (+19%) from 2022

Revenue

Up

$1,113,347

Up $189,312 (+20%) from 2022

Expenses

Up

$874,814

Up $89,215 (+11%) from 2022

Net Income

Up

$238,533

Up $100,097 (+72%) from 2022

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: $201,251Liabilities 2010: $96,645Net Assets 2010: $104,6062010Assets 2011: $191,985Liabilities 2011: $69,539Net Assets 2011: $122,4462011Assets 2012: $174,230Liabilities 2012: $29,884Net Assets 2012: $144,3462012Assets 2013: $213,418Liabilities 2013: $42,021Net Assets 2013: $171,3972013Assets 2014: $221,991Liabilities 2014: $35,126Net Assets 2014: $186,8652014Assets 2015: $423,391Liabilities 2015: $131,811Net Assets 2015: $291,5802015Assets 2016: $477,597Liabilities 2016: $153,898Net Assets 2016: $323,6992016Assets 2017: $504,972Liabilities 2017: $114,034Net Assets 2017: $390,9382017Assets 2018: $545,580Liabilities 2018: $156,342Net Assets 2018: $389,2382018Assets 2019: $595,200Liabilities 2019: $198,084Net Assets 2019: $397,1162019Assets 2020: $846,357Liabilities 2020: $243,477Net Assets 2020: $602,8802020Assets 2021: $1,013,713Liabilities 2021: $188,823Net Assets 2021: $824,8902021Assets 2022: $1,115,053Liabilities 2022: $239,511Net Assets 2022: $875,5422022Assets 2023: $1,457,904Liabilities 2023: $285,528Net Assets 2023: $1,172,3762023Assets 2024: $1,648,051Liabilities 2024: $277,534Net Assets 2024: $1,370,5172024

Highlighted filing

2023

Assets$1,457,904
Liabilities$285,528
Net Assets$1,172,376

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $604,6122010Expenses 2011: $677,8272011Expenses 2012: $472,7002012Revenue 2013: $469,784Expenses 2013: $442,733Net Income 2013: $27,0512013Revenue 2014: $746,602Expenses 2014: $731,134Net Income 2014: $15,4682014Revenue 2015: $606,479Expenses 2015: $501,764Net Income 2015: $104,7152015Revenue 2016: $807,858Expenses 2016: $775,739Net Income 2016: $32,1192016Revenue 2017: $710,043Expenses 2017: $642,804Net Income 2017: $67,2392017Revenue 2018: $828,891Expenses 2018: $815,844Net Income 2018: $13,0472018Revenue 2019: $517,688Expenses 2019: $535,307Net Income 2019: -$17,6192019Revenue 2020: $623,177Expenses 2020: $442,060Net Income 2020: $181,1172020Revenue 2021: $826,840Expenses 2021: $634,242Net Income 2021: $192,5982021Revenue 2022: $924,035Expenses 2022: $785,599Net Income 2022: $138,4362022Revenue 2023: $1,113,347Expenses 2023: $874,814Net Income 2023: $238,5332023Revenue 2024: $1,128,628Expenses 2024: $1,018,709Net Income 2024: $109,9192024

Highlighted filing

2023

Revenue$1,113,347
Expenses$874,814
Net Income$238,533
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,248,561
Mission and Program Overview

Mission

To promote excellence and elevate the professional stature of marketing, business development and other practice growth professionals at all career levels directly impacting members' professional development and careers.

The mission of AAM is to elevate the career development of AAM members and the accounting and advisory profession through innovative education and community resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$561,167$939,553▲ $378,386
Savings and Temporary Cash Investments$462,390$380,183▼ $82,207
Prepaid Expenses and Deferred Charges$56,342$117,043▲ $60,701
Intangible Assets$34,958$20,975▼ $13,983
Accounts Receivable$196$150▼ $46
Cash and Non-Interest-Bearing Accounts-$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-
Inventories for Sale or Use-$0-
Total Assets$1,115,053$1,457,904▲ $342,851
Other Assets Total-$0-
Liabilities
Deferred Revenue$224,007$276,191▲ $52,184
Accounts Payable and Accrued Expenses$15,504$9,337▼ $6,167
Total Liabilities$239,511$285,528▲ $46,017
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$869,595$1,172,376▲ $302,781
Net Assets With Donor Restrictions$5,947--
Total Net Assets Fund Balance$875,542$1,172,376▲ $296,834
Total Liabilities and Net Assets / Fund Balance$1,115,053$1,457,904▲ $342,851
Compensation and Service Providers

Board Members and Trustees

NameTitle
Courtney KissPresident
Nicola FlemingPresident-Elect
Laura MetzVice President
Nicole SterlingImm. Past Pres.
Ed Warren - TreasurerJan-June '23
Cheryl Foster - Member atLarge - Jan-June '23
Greg Cole - Member atLarge - Jan-June '23
Jennifer Cantero - Member atLarge - Jan-June '23
Jessica Hekmatjah - Mmbr atLarge - Jan-June '23
Allie DonahueMember at Large
Apoorv DwivediMember at Large
Beth MoreMember at Large
Brunella ReidMember at Large
Chris O'DayMember at Large
Gabe TevrizianMember at Large
JoLayna ArdntMember at Large
Korby BoswellMember at Large
Mary YanochaMember at Large
Rachael McGrewMember at Large
Ralph MacNamaraMember at Large
Travis BradshawMember at Large
Katherine Cohodes - ImmedPast Pres- Jan-June '23
Crystal MappSecretary
Lucas LaChanceTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AMR Management ServicesManagement Services201 E Main St Ste 810, Lexington, KY 40507$245,676
Hyatt Regency Salt Lake City2023 Summit Venue170SW Temple, Salt Lake City, UT 84101$172,147
Strategic Meetings GroupAnnual Summit Planning41 Midland Ave, Glen Ridge, NJ 07028$111,554
Revenue and Support

Revenue Composition

Contributions and Grants
$100,730
Program Service Revenue
$990,734
Investment Income
$20,087
Other Revenue
$1,796
All Other Contributions
$100,730
Change in Net Assets
$238,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$874,814
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$358,387
Fees for Services Management---$299,076
Fees for Services Other---$34,677
Travel---$33,491
Information Technology---$29,953
Other Expenses---$29,005
Depreciation Depletion---$13,983
Insurance---$3,887
Fees for Services Accounting---$3,750
Fees for Services Legal---$131
Total Functional Expenses$0$0$0$874,814
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The association outsources management and operational functions to amr management services, a full service association management company accredited by the amc institute.

Form 990, Part VI, Section A, Line 6

Aam membership includes both organizational and individual members. There are three types of membership classes: (1) executive members ? Includes (a) in-house marketing, business development and growth professionals whose responsibilities include marketing and selling services for public accounting and other pfoessional services related to the accounting industry and (b) partners, cpa's and other professionals responsible for marketing and/or growth within public accounting firms, management consulting and other professional services firms related to the accounting industry; (2) affiliate members ? Includes (a) consultants to the accounting profession, (b) providers of goods and services to the accounting profession, and (c) members of industry associations related to the accounting industry; (3) academic / media ? Includes (a) educators, (b) students, and (c) members of the media.

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

Each voting member has the right to elect or appoint one or more members of the organization's governing body, whether periodically, as vacancies arise, or otherwise.

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

Members approve amendments to the bylaws.

Form 990, Part VI, Section B, Line 11B

An electronic copy of the form 990 is provided to each voting member of the governing body at least two weeks prior to the filing of the return. Upon tax preparers completion of the irs form 990, the form and accompanying schedules will first be reviewed by key members of the the association management company's client team. Thereafter an electronic copy of form 990 and accompanying schedules will be made available electronically to each voting member of the governing body with electronic e-mail notification and instructions for contacting association headquarters with comments or questions, if any. A two-week timeframe will be provided for governing body comments or questions. Following the open timeframe for governing body comments or questions, and following resolution of any questions or other matters that have arisen, the e-file authorization form is signed by the president or treasurer and the form 990 is electroncially filed.

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

Annually, each member of the governing board is required to complete a conflict of interest questionnaire which identifies any potential conflicts.

Form 990, Part VI, Section C, Line 19

All documents requiring public disclosure by the Internal Revenue Service are made available upon request for the same period of disclosure set forth in Section 6104(D).

Filing and Contact Details

Filer

Filer Name
Association for Accounting
EIN
36-3682169
Phone
8594029769
Address
201 E Main St Ste 810, Lexington, KY 40507

Signing Officer

Name
Lucas LaChance
Title
Treasurer
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lucas LaChance
Formed
1995
Legal Domicile
Co
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
164

Preparer

Firm
r r CPAs PSC
Address
1025 Dove Run Rd Ste 305, Lexington, KY 40502
Preparer
Thomas Cory Reitz
Phone
8593533100
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

GAAP requires entities to evaluate, measure, recognize and disclose any uncertain income tax positions taken on their tax returns. GAAP prescribes a minimum threshold that a tax position is required to meet in order to be recognized in the financial statements. The Association believes that it had no uncertain tax positions as defined in GAAP.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Nicole Sterling
IRS990/Form990PartVIISectionAGrp/PersonNm1Crystal Mapp
IRS990/Form990PartVIISectionAGrp/PersonNm2Jennifer Cantero - Member at
IRS990/Form990PartVIISectionAGrp/PersonNm3Katherine Cohodes - Immed
IRS990/Form990PartVIISectionAGrp/PersonNm4Courtney Kiss
IRS990/Form990PartVIISectionAGrp/PersonNm5Nicola Fleming
IRS990/Form990PartVIISectionAGrp/PersonNm6Cheryl Foster - Member at
IRS990/Form990PartVIISectionAGrp/PersonNm7Chris O'Day
IRS990/Form990PartVIISectionAGrp/PersonNm8Greg Cole - Member at
IRS990/Form990PartVIISectionAGrp/PersonNm9Jessica Hekmatjah - Mmbr at
IRS990/Form990PartVIISectionAGrp/PersonNm10Laura Metz
IRS990/Form990PartVIISectionAGrp/PersonNm11Ed Warren - Treasurer
IRS990/Form990PartVIISectionAGrp/PersonNm12Ralph MacNamara
IRS990/Form990PartVIISectionAGrp/PersonNm13Brunella Reid
IRS990/Form990PartVIISectionAGrp/PersonNm14Gabe Tevrizian
IRS990/Form990PartVIISectionAGrp/PersonNm15Mary Yanocha
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IRS990/Form990PartVIISectionAGrp/PersonNm22JoLayna Ardnt
IRS990/Form990PartVIISectionAGrp/PersonNm23Beth More
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Imm. Past Pres.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Large - Jan-June '23
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past Pres- Jan-June '23
IRS990/Form990PartVIISectionAGrp/TitleTxt4President
IRS990/Form990PartVIISectionAGrp/TitleTxt5President-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt6Large - Jan-June '23
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt8Large - Jan-June '23
IRS990/Form990PartVIISectionAGrp/TitleTxt9Large - Jan-June '23
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt11Jan-June '23
IRS990/Form990PartVIISectionAGrp/TitleTxt12Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt13Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt14Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt15Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt18Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt19Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt20Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt21Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt22Member at Large
IRS990/Form990PartVIISectionAGrp/TitleTxt23Member at Large
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IRS990/NetUnrlzdGainsLossesInvstAmt064996
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IRS990/OtherExpensesGrp/TotalAmt229005
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt056342
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0117043
IRS990/PrincipalOfficerNm0Lucas LaChance
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099

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.$1.65$0.28$1.37$1.13$1.02$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.46$0.29$1.17$1.11$0.87$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.24$0.88$0.92$0.79$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.01$0.19$0.82$0.83$0.63$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.24$0.60$0.62$0.44$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.60$0.20$0.40$0.52$0.54$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.16$0.39$0.83$0.82$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.50$0.11$0.39$0.71$0.64$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.15$0.32$0.81$0.78$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.13$0.29$0.61$0.50$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.22$0.04$0.19$0.75$0.73$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.21$0.04$0.17$0.47$0.44$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.03$0.14$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.07$0.12$0.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.10$0.10$0.60