Civic Intelligence

AARP Foundation

990 • Fiscal year 2021 • EIN 52-0794300

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

601 E Street NW Tax DeptWashington, DC 20049

(202) 434-3399

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.08x

Higher debt load relative to assets than 22% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.22x

Higher debt load relative to revenue than 23% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

79th percentile

29%

Higher net margin than 79% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

40th percentile

$594,009

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

43rd percentile

10%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

36%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$703,184,035

Up $66,664,726 (+10%) from 2020

Net Assets

Up

$648,066,628

Up $66,174,803 (+11%) from 2020

Liabilities

Up

$55,117,407

Up $489,923 (+0.9%) from 2020

Revenue

Up

$254,163,099

Up $67,616,556 (+36%) from 2020

Expenses

Up

$181,584,159

Up $8,322,185 (+4.8%) from 2020

Net Income

Up

$72,578,940

Up $59,294,371 (+446%) from 2020

Historical Trend

Balance Sheet Trend

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

$800M$600M$400M$200M$0Assets 2010: $110,185,168Liabilities 2010: $47,514,560Net Assets 2010: $62,670,6082010Assets 2011: $108,083,041Liabilities 2011: $45,602,825Net Assets 2011: $62,480,2162011Assets 2012: $120,780,906Liabilities 2012: $49,735,932Net Assets 2012: $71,044,9742012Assets 2013: $132,599,058Liabilities 2013: $54,221,480Net Assets 2013: $78,377,5782013Assets 2014: $136,012,640Liabilities 2014: $55,433,947Net Assets 2014: $80,578,6932014Assets 2015: $129,157,960Liabilities 2015: $48,471,186Net Assets 2015: $80,686,7742015Assets 2016: $266,584,963Liabilities 2016: $51,858,274Net Assets 2016: $214,726,6892016Assets 2017: $380,917,771Liabilities 2017: $57,109,293Net Assets 2017: $323,808,4782017Assets 2018: $439,330,745Liabilities 2018: $52,750,956Net Assets 2018: $386,579,7892018Assets 2019: $598,934,811Liabilities 2019: $64,765,477Net Assets 2019: $534,169,3342019Assets 2020: $636,519,309Liabilities 2020: $54,627,484Net Assets 2020: $581,891,8252020Assets 2021: $703,184,035Liabilities 2021: $55,117,407Net Assets 2021: $648,066,6282021Assets 2022: $662,653,314Liabilities 2022: $60,234,067Net Assets 2022: $602,419,2472022Assets 2023: $693,172,214Liabilities 2023: $57,579,121Net Assets 2023: $635,593,0932023Assets 2024: $727,968,863Liabilities 2024: $54,845,063Net Assets 2024: $673,123,8002024

Highlighted filing

2021

Assets$703,184,035
Liabilities$55,117,407
Net Assets$648,066,628

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $171,665,5422010Expenses 2011: $138,801,5162011Expenses 2012: $140,320,6172012Revenue 2013: $144,653,292Expenses 2013: $142,744,954Net Income 2013: $1,908,3382013Revenue 2014: $146,610,280Expenses 2014: $144,543,038Net Income 2014: $2,067,2422014Revenue 2015: $155,682,431Expenses 2015: $151,499,707Net Income 2015: $4,182,7242015Revenue 2016: $297,220,619Expenses 2016: $163,130,106Net Income 2016: $134,090,5132016Revenue 2017: $273,794,980Expenses 2017: $177,579,018Net Income 2017: $96,215,9622017Revenue 2018: $282,082,741Expenses 2018: $170,923,640Net Income 2018: $111,159,1012018Revenue 2019: $295,801,954Expenses 2019: $187,425,925Net Income 2019: $108,376,0292019Revenue 2020: $186,546,543Expenses 2020: $173,261,974Net Income 2020: $13,284,5692020Revenue 2021: $254,163,099Expenses 2021: $181,584,159Net Income 2021: $72,578,9402021Revenue 2022: $203,216,966Expenses 2022: $195,405,209Net Income 2022: $7,811,7572022Revenue 2023: $175,249,637Expenses 2023: $191,925,498Net Income 2023: -$16,675,8612023Revenue 2024: $202,932,133Expenses 2024: $194,382,273Net Income 2024: $8,549,8602024

Highlighted filing

2021

Revenue$254,163,099
Expenses$181,584,159
Net Income$72,578,940
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$780,071,090
Mission and Program Overview

Mission

A country free of poverty and where no older person feels vulnerable. See Schedule O.AARP Foundation wants to win back opportunity for those now in crisis,so thousands of vulnerable low-income Americans 50+ can regain theirfoothold, continue to serve as anchors for their families andcommunities and ensure that their best life is still within reach.

Serves vulnerable people over 50 by creating and advancing effective solutions that help them secure the essentials.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$587,702,333$656,318,221▲ $68,615,888
Land, Buildings, and Equipment, Net$13,553,814$12,008,778▼ $1,545,036
Pledges and Grants Receivable$14,997,156$10,682,402▼ $4,314,754
Savings and Temporary Cash Investments$4,701,759$8,146,436▲ $3,444,677
Investments Other Securities$6,071,530$5,927,813▼ $143,717
Investments Program Related$5,924,718$5,112,604▼ $812,114
Cash and Non-Interest-Bearing Accounts$1,893,064$3,971,589▲ $2,078,525
Prepaid Expenses and Deferred Charges$1,439,048$797,565▼ $641,483
Intangible Assets$0$0→ $0
Total Assets$636,519,309$703,184,035▲ $66,664,726
Other Assets Total$235,887$218,627▼ $17,260
Liabilities
Tax Exempt Bond Liabilities$25,000,000$25,000,000→ $0
Accounts Payable and Accrued Expenses$17,792,852$18,707,583▲ $914,731
Grants Payable$8,330,839$8,091,301▼ $239,538
Other Liabilities$3,263,793$3,318,523▲ $54,730
Deferred Revenue$240,000--
Total Liabilities$54,627,484$55,117,407▲ $489,923
Net Assets / Fund Balance
Net Assets With Donor Restrictions$451,045,224$497,019,981▲ $45,974,757
Net Assets Without Donor Restrictions$130,846,601$151,046,647▲ $20,200,046
Total Net Assets Fund Balance$581,891,825$648,066,628▲ $66,174,803
Total Liabilities and Net Assets / Fund Balance$636,519,309$703,184,035▲ $66,664,726

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,016,769$15,720,139$22,736,908
Land$4,440,000-$4,440,000
Other Land Buildings$552,009$2,444,731$2,996,740

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$469,744,289$304,187▲ $66,463,852$17,462,536$519,049,792
2020$442,770,788$377,860▲ $40,251,351$13,655,710$469,744,289
2019$307,583,157$81,030,355▲ $55,109,672$952,396$442,770,788
2018$244,360,170$78,113,983▼ $13,990,060$-900,936$307,583,157
2017$141,651,935$76,682,864▲ $26,913,632$888,261$244,360,170
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa Marsh RyersonPresident (until 6/10/22)FT$381,308$161,377$542,685
Patricia D ShannonCFO & Senior Vice PresidentFT$346,496$119,037$465,533
David WhiteheadSVP & Chief Development OfficerFT$292,648$105,637$398,285
Emily S AllenSVP - ProgramsFT$276,890$102,356$379,246
William a RiveraSVP - LitigationFT$249,118$79,639$328,757
Demetrios AntzoulatosVP - Finance, Grants, & OperationsFT$220,549$92,283$312,832
Patrick LandersVP - Strategy & InnovationFT$218,050$80,907$298,957
Stephen VenuteVP - Corp & Fdn RelationsFT$220,451$75,399$295,850
Marc McdonaldVP - IntegrationFT$208,374$80,299$288,673
Steven DelvecchioVP - Direct ResponseFT$146,741$75,985$222,726

Board Members and Trustees

NameTitle
Libby SartainBoard Chair
Marc McdonaldVice Chair
Ann G DawBoard Member
Betty J HudsonBoard Member
David AdameBoard Member
Margot James CopelandBoard Member
Patricia BanksBoard Member
Robert BlancatoBoard Member
Susan WerthBoard Member
Gregory J DysonBoard Memeber
Jami L WyattSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
The Moore Companies INCCommercial Printing Services5540 KETCH ROAD, Prince Frederick, MD 20678$4,410,391
Concord Litho Group INCPrinting & Direct Marketing Services92 OLD TURNPIKE RD, Concord, NH 03301$1,741,144
Slalom LLCDevelopment Software Consulting7900 TYSONS ONE PLACE SUITE 450, Mclean, VA 22102$1,711,554
Cp Direct INCCommercial Printing Services4600 BOSTON WAY, Lanham, MD 20706$1,610,821
Graceworkz LLCIt Printer Service And Imaging Supplies1311 W BADGER RD, Madison, WI 53713$1,394,602
Revenue and Support

Revenue Composition

Contributions and Grants
$161,205,196
Program Service Revenue
$2,065,479
Investment Income
$90,351,797
Other Revenue
$540,627
All Other Contributions
$61,595,549
Change in Net Assets
$72,578,940

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$331,764High / Low Average
Other Non Cash Contri Table427$76,860Market Value
Total Noncash Contributions443$408,624-

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,650,536
Revenue Not Reported on Financial Statements
$5,512,563
Revenue Not Reported on Form 990
$42,676,875
Other Revenue Adjustments
$5,512,563
Total Revenue per Audited Statements
$291,327,411
Total Revenue per Form 990
$254,163,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$73,303,697
Other Expenses$62,828,201
Salaries, Compensation, and Employee Benefits$43,610,564
Total Fundraising Expense$23,831,466
Professional Fundraising Fees$1,841,697

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$58,830,730--$58,830,730
Other Salaries and Wages$24,217,600$5,596,408$3,667,763$33,481,771
Grants to Domestic Orgs$14,472,967--$14,472,967
Fees for Services Other$9,343,066$1,380,467$781,029$11,504,562
Information Technology$6,431,954$626,485$287,599$7,346,038
Fees for Service Investment Mgmnt Fees-$4,774,948-$4,774,948
Other Employee Benefits$3,118,274$761,469$501,073$4,380,816
Advertising$1,821,760$897,047$1,037,823$3,756,630
Occupancy$2,910,020$241,429$120,955$3,272,404
Office Expenses$2,538,233$14,745$11,051$2,564,029
Payroll Taxes$1,723,569$460,430$283,163$2,467,162
Current Officers, Directors, Trustees, and Key Employees$708,005$1,008,217$398,285$2,114,507
Fees for Services Professional Fundraising--$1,841,697$1,841,697
Depreciation Depletion$780,736$578,450$203,111$1,562,297
Pension Plan Contributions$824,173$209,848$132,287$1,166,308
Other Expenses$253,984$752,711$64,891$1,071,586
All Other Expenses$482,994$290,540$244,563$1,018,097
Fees for Services Legal$375,334$-5,632-$369,702
Travel$202,805$4,111$4,766$211,682
Fees for Services Accounting-$167,000-$167,000
Interest$8,446$138,012$2,217$148,675
Conferences and Meetings$11,940$-4,951$8,675$15,664
Total Functional Expenses$5,244,975$0$11,272,124$16,517,099

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$225,152,608
Total Expenses per Form 990$181,584,159
Expenses per Audited Statements$176,071,596
Expenses Not Reported on Form 990$49,081,012
Expenses Not Reported on Financial Statements$5,512,563
Other Expense Adjustments$5,512,563
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
AarpWashington, DC501(c)(4)Charitable Work Conducted on Behalf of Aarp Foundation$1,063,696
Benefits Data TrustPhiladelphia, PA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$540,000
Southeast Louisiana Legal Services CorpNew Orleans, LA501(c)(3)Aarp Foundation Disaster Relief Grant$470,000
Ecumenical Social Action CommitteeJamaica Plain, MA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$450,000
St Bernard Project IncNew Orleans, LA501(c)(3)Aarp Foundation Disaster Relief Grant and General Support$400,000
United Way of Southeast LouisianaNew Orleans, LA501(c)(3)Aarp Foundation Disaster Relief Grant$400,000
Generations IncorporatedBoston, MA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$395,770
Feeding the Gulf CoastTheodore, AL501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$385,000
Philadelphia Chinatown Development CorpPhiladelphia, PA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$372,738
Sc ThriveColumbia, SC501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$356,845
East Side Learning CenterSaint Paul, MN501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$310,193
Legal Counsel for the ElderlyWashington, DC501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$300,000
Louisiana Chamber of Commerce FoundationNew Orleans, LA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM$300,000
New Mexico Center LawpovertyAlbuquerque, NM501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$300,000
Second Harvest Food Bank of Greater New Orleans and AcadianaNew Orleans, LA501(c)(3)Aarp Foundation Disaster Relief Grant$300,000
The Connecticut Veterans Legal CenterWest Haven, CT501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$300,000
United Way of Kentucky IncLouisville, KY501(c)(3)Donation to Support Disaster Relief$300,000
Baylor UniversityWaco, TX501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$299,999
MreliefChicago, IL501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$260,000
Info Line of San Diego CountySan Diego, CA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$259,990
Accounting Aid SocietyDetroit, MI501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$250,000
CareAtlanta, GA501(c)(3)Aarp Foundation Disaster Relief Grant$250,000
Helpage USAWashington, DC501(c)(3)Aarp Foundation Disaster Relief Grant$250,000
National Womens History MuseumAlexandria, VA501(c)(3)Donation to Support Focus on Older Adult Low-income Women Issues and Solutions$250,000
New SolutionsArlington, VA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM$225,000
United Way of Greenville County IncGreenville, SC501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$222,065
Houston Food BankHouston, TX501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$205,639
Feeding TexasAustin, TX501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$200,000
Midwest Asian Health AssociationChicago, IL501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$200,000
Seniorlaw CenterPhiladelphia, PA501(c)(3)Aarp Foundation Disaster Relief Grant$200,000
San Francisco-marin Food BankSan Francisco, CA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$184,000
Foundation for Social ConnectionWashington, DC501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SOCIAL CONNECTION PROGRAM$169,245
Metropolitan Family ServiceHillsboro, OR501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$162,989
Alameda County Community Food BankOakland, CA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$156,000
Chinatown Service CenterLos Angeles, CA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$150,000
Ciudad Nueva Community OutreachEl Paso, TX501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BENEFITS PROGRAM$150,000
United Way of Southwest AlabamaMobile, AL501(c)(3)Aarp Foundation Disaster Relief Grant$150,000
Hunger Free AmericaNew York, NY501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$149,999
Areawide Council on Aging of Broward CountySunrise, FL501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$149,973
Greater Cleveland VolunteersCleveland, OH501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$133,305
Sequoia Living IncSan Francisco, CA501(c)(3)DONATION TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$122,000
City of TempeTempe, AZGovt. EntityGRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$119,433
Sacramento Food Bank and Family ServicesSacramento, CA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$114,000
Center for Pan Asian Community ServicesAtlanta, GA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$100,981
Center for Nonprofit Legal ServicesMedford, OR501(c)(3)Aarp Foundation Disaster Relief Grant$100,000
Cumberland Trace Legal Services (dba Kentucky Legal Aid)Bowling Green, KY501(c)(3)Donation to Support Disaster Relief$100,000
FEEDING AMERICA KENTUCKY'S HEARTLAND INCElizabethtown, KY501(c)(3)Donation to Support Disaster Relief$100,000
Jasa (jewish Association for Services for the Aged)New York, NY501(c)(3)Aarp Foundation Disaster Relief Grant$100,000
Jobs for the Future IncBoston, MA501(c)(3)Sponsorship of the Horizons National Summit$100,000
Legal Services of North West JerseySomerville, NJ501(c)(3)Aarp Foundation Disaster Relief Grant$100,000
Selfhelp Community ServicesNew York, NY501(c)(3)Aarp Foundation Disaster Relief Grant$100,000
United Way Northern New JerseyCedar Knolls, NJ501(c)(3)Aarp Foundation Disaster Relief Grant$100,000
Read to Succeed Buffalo IncBuffalo, NY501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$90,000
American Society on AgingSan Francisco, CA501(c)(3)Sponsorship of the Aging Conference and Rise Curriculum Collaboration$85,000
Carver Community Organization IncEvansville, IN501(c)(3)GRANTS TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$79,685
San Antonio Food BankSan Antonio, TX501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$70,000
Atlanta Community Food BankAtlanta, GA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$68,995
United Way of Greater Atlanta IncAtlanta, GA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$67,000
Pinal Alliance for Economic GrowthGlendale, AZ501(c)(3)GRANTS TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$62,000
Brevard Workforce Development Board IncRockledge, FL501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM$60,000
Dc Central KitchenWashington, DC501(c)(3)General Support and Sponsorship of the 2021 Capital Food Fight$60,000
Root Cause CoalitionToledo, OH501(c)(3)General Support and Sponsorship of Summit$60,000
Agency on Aging of South Central ConnecticutNew Haven, CT501(c)(3)GRANTS TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$54,335
Amani Women CenterClarkston, GA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$50,000
Barren River Area Development DistrictBowling Green, KYGovt. EntityDonation to Support Disaster Relief$50,000
Community Action of Southern KentuckyBowling Green, KY501(c)(3)Donation to Support Disaster Relief$50,000
Fast ForwardColumbia, SC501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM$50,000
Jewish Vocational Service IncBoston, MA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM$50,000
Kansas Department for Children and FamiliesTopeka, KSGovt. EntityGRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM$50,000
Meals on Wheels AmericaAlexandria, VA501(c)(3)General Support$50,000
Pennyrile Allied Community Services IncHopkinsville, KY501(c)(3)Donation to Support Disaster Relief$50,000
Pennyrile Area Development DistrictHopkinsville, KYGovt. EntityDonation to Support Disaster Relief$50,000
Purchase Area Development District IncMayfield, KY501(c)(3)Donation to Support Disaster Relief$50,000
The Gerontological Society of AmericaWashington, DC501(c)(3)Sponsorship of the Annual Scientific Meeting$50,000
West Kentucky Allied Services IncMayfield, KY501(c)(3)Donation to Support Disaster Relief$50,000
Workforce Mid-south IncMemphis, TNGovt. EntityGRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM$50,000
Los Angeles Regional Food BankLos Angeles, CA501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$25,000
National Hispanic Council on AgingWashington, DC501(c)(3)General Support$25,000
Services and Advocacy for Glbt EldersNew York, NY501(c)(3)General Support$25,000
Texas Impact FoundationAustin, TX501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S SNAP BENEFITS PROGRAM$25,000
The Memorial Foundation IncWashington, DC501(c)(3)Sponsorship of the Feed the Hungry Event$25,000
Ywca USAWashington, DC501(c)(3)General Support$25,000
City of PhoenixPhoenix, AZGovt. EntityGRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM$22,287
Alliance to End HungerWashington, DC501(c)(3)Member Dues to Support the Alliance$15,000
National Consumer Voice for Quality Long-term CareWashington, DC501(c)(3)Sponsorship of the National Consumer Voice Conference$15,000
Unitedhealthcare Childrens FoundationMinnetonka, MN501(c)(3)Sponsorship of the Uhccf Minnesota Golf Classic$15,000
Norc at the University of ChicagoChicago, IL501(c)(3)Grant to Support Aarp Foundations Social Connectivity Program$14,891
Wish of a LifetimeDenver, CO501(c)(3)General Support$13,061
Food Research and Action Center TotalWashington, DC501(c)(3)Sponsorship of the Anti-hunger Policy Conference$10,000
Jefferson State Community CollegeBirmingham, ALGovt. EntityGRANT TO SUPPORT AARP FOUNDATION'S WORKFORCE PROGRAM$10,000
Smithsonian InstitutionWashington, DC501(c)(3)General Support$10,000
Womens Opportunities Resource CenterPhiladelphia, PA501(c)(3)General Support$10,000
Chicago Cook Workforce PartnershipChicago, IL501(c)(3)GRANT TO SUPPORT AARP FOUNDATION'S BACK TO WORK 50+ PROGRAM$5,575
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,841,697
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Affiliated EntityGrantsNo$1,063,696
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Liability$3,318,523

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia2004-10-21$25,000,000PURCHASE OF OFFICE SPACE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$25,000,000$1,311,233--

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
No

Governance Explanations

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

The aarp board of directors appoints up to ten voting members of the aarp foundation board of directors. Up to four of the aarp foundation board members may be current aarp board members. The remaining board members shall be unaffiliated with aarp.

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

The aarp board of directors appoints up to ten voting members of the aarp foundation board of directors. Up to four of the aarp foundation board members may be current aarp board members. The remaining board members shall be unaffiliated with aarp. An aarp foundation board member may be removed, with or without cause, by formal action of the aarp foundation board of directors, designating a successor. The aarp foundation bylaws provide that no amendments to the bylaws adopted by the foundation may take effect until approved by the aarp board of directors.

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

The form 990 for aarp foundation ("foundation") is prepared by an outside consultant and reviewed by aarp foundation's cfo and other internal reviewers. The form 990 is then provided to the aarp foundation board of directors. Once all reviews are complete, the return is electronically filed with the internal revenue service.

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

Annually, all board members and employees (including officers) are required to review the code of conduct, formally acknowledge their understanding of the code, and disclose any real or potential conflicts of interest. Disclosures are reviewed by appropriate management (or in the case of a board member, the board chair, and if necessary, the board of directors), and the ethics & compliance office. The appropriate mitigation plan is implemented (for example, recusal from participating in any deliberations and decisions relevant to the disclosure). The ethics & compliance office monitors compliance with these requirements and ensures proper follow-up as needed.

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

Through its shared services agreement with aarp, aarp foundation participates in aarp's enterprise-wide compensation reviews. Aarp has a competitive position in the marketplace that considers relevant for-profit and not-for-profit data since this is the landscape in which aarp and its affiliates compete for talent. Establishing the appropriate compensation for positions and jobs considers external market pricing (where possible) from an independent, third party compensation consulting firm, internal criteria, and an individual's actual performance and contribution. Internal criteria is based on a standard approach that measures the internal value of positions, including: complexity and scope of responsibility, skill set and competencies, education and experience, and the reporting relationship of the position. An individual's actual performance and contribution is measured through aarp's performance management approach and then rewarded through aarp's annual base pay merit and incentive award programs. This process applies to all employees of the foundation including the president, cfo, and key employees. The aarp foundation board governance committee provides input to the ceo of aarp on the president's performance and compensation based on the aarp foundation board governance committee's evaluation of the president's performance, and the aarp ceo then recommends adjustments to the president's compensation package to the aarp foundation board. The aarp foundation board provides final approval over any adjustments to the president's compensation package.

Form 990, Part VI, Section C, Line 18

Aarp foundation makes its form 990 available for public inspection on its website and upon request to the aarp foundation's office of the cfo.

Form 990, Part VI, Section C, Line 19

Aarp foundation makes its audited financial statements available for public inspection on its website and upon request to the aarp foundation's office of the cfo.

Part VII, Sec. A, Officers, Key Employees and Highest Compensated Employees

Aarp foundation has a standard 40 hour work week and the average hours are disclosed on form 990. Officers, key employees, and highest compensated employees often work in excess of that amount.

Filing and Contact Details

Filer

Filer Name
Aarp Foundation
EIN
52-0794300
Phone
2024343399
Address
601 E STREET NW TAX DEPT, WASHINGTON, DC 20049

Signing Officer

Name
Emily S Allen
Title
Interim President
Phone
2024343399
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily S Allen
Formed
1961
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
Employees
356
Volunteers
27,077

Preparer

Firm
Andersen Tax LLC
Address
350 SOUTH GRAND AVENUE STE 2000, LOS ANGELES, CA 90071
Preparer
Parvin Van Enger
Phone
2135932300
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Board designated quasi-endowment the foundation's net assets without donor restrictions include amounts designated by its board of directors to function as a quasi-endowment fund. The foundation may spend the board-designated quasi-endowment in accordance with the spending policy. Assets of both the donor-restricted and quasi-endowment funds are invested in a broadly diversified portfolio spread over multiple asset classes.

PART X, LINE 2:

Aarp foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Investment expenses treated as contra revenue on the financial statements 3,589,045. Investment expenses from k-1s included in unrealized gain on the financial s 1,923,518.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Investment expenses treated as contra-revenue on the financial statements 3,589,045. Investment expenses from k-1s included in unrealized gain on the financial s 1,923,518.

Raw XML AppendixShowing 400 of 2,206 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/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMEBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT (UNTIL 6/10/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO & SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP & CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14SVP - LITIGATION
IRS990/Form990PartVIISectionAGrp/TitleTxt15SVP - PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP - FINANCE, GRANTS, & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP - STRATEGY & INNOVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP - CORP & FDN RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP - INTEGRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP - DIRECT RESPONSE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt070055366
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt091724688
IRS990/GrantAmt059161444
IRS990/GrantsPayableGrp/BOYAmt08330839
IRS990/GrantsPayableGrp/EOYAmt08091301
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt058830730
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt058830730
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt014472967
IRS990/GrantsToDomesticOrgsGrp/TotalAmt014472967
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0595963357
IRS990/GrossReceiptsAmt0780071090
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt0119
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0287599
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0626485
IRS990/InformationTechnologyGrp/ProgramServicesAmt06431954
IRS990/InformationTechnologyGrp/TotalAmt07346038
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt02217
IRS990/InterestGrp/ManagementAndGeneralAmt0138012
IRS990/InterestGrp/ProgramServicesAmt08446
IRS990/InterestGrp/TotalAmt0148675
IRS990/InvestmentIncomeGrp/ExclusionAmt020189637
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020296431
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0106794
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06071530
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05927813
IRS990/InvestmentsProgramRelatedGrp/BOYAmt05924718
IRS990/InvestmentsProgramRelatedGrp/EOYAmt05112604
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0587702333
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0656318221
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0134
IRS990/IRPDocumentW2GCnt00
IRS990/JointCostsInd0X
IRS990/LandBldgEquipAccumDeprecAmt018164870
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013553814
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012008778
IRS990/LandBldgEquipCostOrOtherBssAmt030173648
IRS990/LegalDomicileStateCd0DC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0525907991
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt017
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt017
IRS990/MissionDesc0AARP FOUNDATION SERVES VULNERABLE PEOPLE OVER 50 BY CREATING AND ADVANCING EFFECTIVE SOLUTIONS THAT HELP THEM SECURE THE ESSENTIALS.OUR APPROACH EMPHASIZES EQUITABLE OUTCOMES FOR POPULATIONS THAT HAVE FACED SYSTEMIC DISCRIMINATION. THROUGH VIGOROUS LEGAL ADVOCACY AND EVIDENCE-BASED SOLUTIONS. WE FOSTER RESILIENCE, ADVANCE EQUITY, AND RESTORE HOPE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0581891825
IRS990/NetAssetsOrFundBalancesEOYAmt0648066628
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt069894557
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt070055366
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt0160809
IRS990/NetUnrelatedBusTxblIncmAmt0175849
IRS990/NetUnrlzdGainsLossesInvstAmt0-6404137
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0130846601
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0151046647
IRS990/NoncashContributionsAmt0408624
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0120955
IRS990/OccupancyGrp/ManagementAndGeneralAmt0241429
IRS990/OccupancyGrp/ProgramServicesAmt02910020
IRS990/OccupancyGrp/TotalAmt03272404
IRS990/OfficeExpensesGrp/FundraisingAmt011051
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014745
IRS990/OfficeExpensesGrp/ProgramServicesAmt02538233
IRS990/OfficeExpensesGrp/TotalAmt02564029
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0235887
IRS990/OtherAssetsTotalGrp/EOYAmt0218627
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0501073
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0761469
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03118274
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04380816
IRS990/OtherExpensesGrp/Desc0PRINTING AND POSTAGE
IRS990/OtherExpensesGrp/Desc1VOLUNTEER TRAVEL/ACTIVI
IRS990/OtherExpensesGrp/Desc2TELECOMMUNICATION EXPEN
IRS990/OtherExpensesGrp/Desc3TAXES & LICENSES
IRS990/OtherExpensesGrp/FundraisingAmt014211624

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$728$54.8$673$203$194$8.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$693$57.6$636$175$192$16.7
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$663$60.2$602$203$195$7.81
2021Detailed filing. Detailed filing data is available for this year.$703$55.1$648$254$182$72.6
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$637$54.6$582$187$173$13.3
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$599$64.8$534$296$187$108
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$439$52.8$387$282$171$111
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$381$57.1$324$274$178$96.2
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$267$51.9$215$297$163$134
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$129$48.5$80.7$156$151$4.18
2014Detailed filing. Detailed filing data is available for this year.$136$55.4$80.6$147$145$2.07
2013Detailed filing. Detailed filing data is available for this year.$133$54.2$78.4$145$143$1.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$121$49.7$71.0$140
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$45.6$62.5$139
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$110$47.5$62.7$172