Civic Intelligence

AARP Foundation

990 • Fiscal year 2023 • EIN 52-0794300

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 07, 2024

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.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.33x

Higher debt load relative to revenue than 34% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

18th percentile

-9.5%

Higher net margin than 18% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

46th percentile

$726,914

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

49th percentile

4.6%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Assets

Up

$693,172,214

Up $30,518,900 (+4.6%) from 2022

Net Assets

Up

$635,593,093

Up $33,173,846 (+5.5%) from 2022

Liabilities

Down

$57,579,121

Down $2,654,946 (-4.4%) from 2022

Revenue

Down

$175,249,637

Down $27,967,329 (-14%) from 2022

Expenses

Down

$191,925,498

Down $3,479,711 (-1.8%) from 2022

Net Income

Down

-$16,675,861

Down $24,487,618 (-313%) from 2022

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

2023

Assets$693,172,214
Liabilities$57,579,121
Net Assets$635,593,093

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

2023

Revenue$175,249,637
Expenses$191,925,498
Net Income-$16,675,861
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$519,270,949
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.

Creates and advances effective solutions to reduce poverty for and with older adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$287,072,370$330,281,615▲ $43,209,245
Investments Other Securities$336,318,235$325,740,066▼ $10,578,169
Pledges and Grants Receivable$13,222,990$13,386,038▲ $163,048
Land, Buildings, and Equipment, Net$10,452,344$9,195,899▼ $1,256,445
Savings and Temporary Cash Investments$7,234,612$7,414,940▲ $180,328
Investments Program Related$4,824,969$3,499,775▼ $1,325,194
Cash and Non-Interest-Bearing Accounts$2,328,296$2,682,897▲ $354,601
Prepaid Expenses and Deferred Charges$997,938$786,877▼ $211,061
Intangible Assets$201,367$184,107▼ $17,260
Accounts Receivable$193--
Total Assets$662,653,314$693,172,214▲ $30,518,900
Liabilities
Tax Exempt Bond Liabilities$25,000,000$25,000,000→ $0
Accounts Payable and Accrued Expenses$22,010,798$21,260,063▼ $750,735
Grants Payable$10,038,045$8,422,291▼ $1,615,754
Other Liabilities$3,185,224$2,896,767▼ $288,457
Total Liabilities$60,234,067$57,579,121▼ $2,654,946
Net Assets / Fund Balance
Net Assets With Donor Restrictions$455,306,556$475,994,028▲ $20,687,472
Net Assets Without Donor Restrictions$147,112,691$159,599,065▲ $12,486,374
Total Net Assets Fund Balance$602,419,247$635,593,093▲ $33,173,846
Total Liabilities and Net Assets / Fund Balance$662,653,314$693,172,214▲ $30,518,900

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,709,654$18,027,254$22,736,908
Land$4,440,000-$4,440,000
Other Land Buildings$46,245$2,530,034$2,576,279
Other Securities$5,476,250--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$476,095,847$368,162▲ $45,808,821$23,018,250$499,254,580
2022$519,049,792$1,945,206▼ $24,250,476$20,648,675$476,095,847
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David WhiteheadSVP & Chief Development OfFT$238,379$432,445$670,824
Patricia D ShannonCFO & Senior Vice PresidenFT$374,184$119,147$493,331
Claire CaseyPresident (as of 1/9/23)FT$347,694$102,646$450,340
Emily S Allen - SVP Programs(Interim Pres. until 1/9/23)FT$301,796$112,369$414,165
William A RiveraSVP - LitigationFT$269,920$80,434$350,354
Demetrios AntzoulatosVP - Finance, Grants, & OpFT$241,109$95,717$336,826
Stephen VenuteVP - Corp & Fdn RelationsFT$237,435$77,646$315,081
Marc McDonaldVP - IntegrationFT$230,229$82,821$313,050
Patrick LandersVP - Strategy & InnovationFT$224,531$81,028$305,559
Steven DelvecchioVP - Direct ResponseFT$168,492$67,094$235,586
Rosanna MarquezBoard Member (as of 9/20/23)--$692$692

Board Members and Trustees

NameTitle
Libby SartainChair
Diane D MillerVice Chair
Ann G DawBoard Member
Betty J HudsonBoard Member
Gregory J DysonBoard Member
Patricia BanksBoard Member
Robert BlancatoBoard Member
Susan WerthBoard Member
Elaine BoltzBoard Member (as of 6/8/23)
Noreen GillenBoard Member (as of 6/8/23)
Sailesh ChutaniBoard Member (as of 6/8/23)
Margot James CopelandBoard Member (until 8/16/23)
Jami WyattSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
The Moore Companies IncCommercial printing services5540 Ketch Road, Prince Frederick, MD 20678$4,344,322
Concord Litho Group IncStrategic & creative marketing services92 Old Turnpike Road, Concord, NH 03301$2,000,490
BSC Acquistion Sub LLCDirect mail services7702 Plantation Rd, Roanoke, VA 24019$1,610,946
CP Direct IncCommercial printing services4600 Boston Way, Lanham, MD 20706$1,602,642
The Gnar Company IncCustom software services19 Kingston Street, Boston, MA 02111$1,409,696
Revenue and Support

Revenue Composition

Contributions and Grants
$159,936,565
Program Service Revenue
$433,652
Investment Income
$14,448,144
Other Revenue
$431,276
All Other Contributions
$58,847,129
Change in Net Assets
$-16,675,861

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 Traded13$161,993High / Low Average
Total Noncash Contributions13$161,993-

Audited Revenue Reconciliation

Revenue per Audited Statements
$171,975,422
Revenue Not Reported on Financial Statements
$3,274,215
Revenue Not Reported on Form 990
$112,538,035
Other Revenue Adjustments
$3,274,215
Total Revenue per Audited Statements
$284,513,457
Total Revenue per Form 990
$175,249,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$77,156,051
Other Expenses$67,779,888
Salaries, Compensation, and Employee Benefits$45,053,229
Total Fundraising Expense$25,335,778
Professional Fundraising Fees$1,936,330

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$65,496,782--$65,496,782
Other Salaries and Wages$24,737,721$5,922,379$4,247,672$34,907,772
Fees for Services Other$10,067,043$3,580,750$929,174$14,576,967
Grants to Domestic Orgs$11,659,269--$11,659,269
Information Technology$6,048,013$523,181$450,090$7,021,284
Other Employee Benefits$2,871,757$825,796$363,673$4,061,226
Advertising$1,605,355$1,557,428$834,439$3,997,222
Occupancy$2,959,721$212,730$186,672$3,359,123
Fees for Service Investment Mgmnt Fees-$3,274,215-$3,274,215
Payroll Taxes$1,661,423$483,462$345,968$2,490,853
Current Officers, Directors, Trustees, and Key Employees$764,520$943,673$670,825$2,379,018
Travel$1,688,801$168,082$181,989$2,038,872
Fees for Services Professional Fundraising--$1,936,330$1,936,330
Office Expenses$1,414,588$22,981$15,610$1,453,179
Depreciation Depletion$715,487$317,482$278,981$1,311,950
Pension Plan Contributions$827,226$222,157$164,977$1,214,360
All Other Expenses$712,878$118,103$122,231$953,212
Interest$456,149$202,764$178,175$837,088
Fees for Services Legal$553,317--$553,317
Other Expenses$268,202$63,616$102,122$433,940
Conferences and Meetings$436,303$-26,290-$410,013
Fees for Services Accounting-$173,000-$173,000
Total Functional Expenses$4,891,339$0$11,132,862$16,024,201

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$251,339,611
Total Expenses per Form 990$191,925,498
Expenses per Audited Statements$188,651,283
Expenses Not Reported on Form 990$62,688,328
Expenses Not Reported on Financial Statements$3,274,215
Other Expense Adjustments$3,274,215
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Older Adults Technology ServicesNew York, NY501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$1,794,692
Wish of a LifetimeDenver, CO501(c)(3)Grant to support AARP Foundation's Social Connectivity program$1,000,000
United Way of NashvilleNashville, TN501(c)(3)Grant to support AARP Foundation's Benefits program$600,000
Code for America Labs IncSan Francisco, CA501(c)(3)Grant to support AARP Foundation's Benefits program$578,969
AarpWashington, DC501(c)(4)Charitable work conducted on behalf of AARP Foundation$397,522
New Mexico Center on Law and Poverty IncAlbuquerque, NM501(c)(3)Grant to support AARP Foundation's Benefits program$311,550
Accounting Aid SocietyDetroit, MI501(c)(3)Grant to support AARP Foundation's Tax and Credit program$305,000
Benefits Data TrustPhiladelphia, PA501(c)(3)Grant to support AARP Foundation's Benefits program$300,000
Legal Aid Society of HawaiiHonolulu, HI501(c)(3)Grant to support disaster relief$300,000
Maui United WayWailuku, HI501(c)(3)Grant to support disaster relief$275,000
Open CommunitiesEvanston, IL501(c)(3)Grant to support AARP Foundation's Benefits program$258,997
Medicare Rights Center IncNew York, NY501(c)(3)Grant to support AARP Foundation's Benefits program$242,000
LiterationsBoston, MA501(c)(3)Grant to support AARP Foundation's Experience Corps program$231,071
Feeding the Gulf CoastTheodore, AL501(c)(3)Grant to support AARP Foundation's Benefits program$215,000
SC ThriveColumbia, SC501(c)(3)Grant to support AARP Foundation's Benefits program$204,000
Alameda County Food BankOakland, CA501(c)(3)Grant to support AARP Foundation's Benefits program$200,000
Hunger Free America IncNew York, NY501(c)(3)Grant to support AARP Foundation's Benefits program$200,000
Info Line of San Diego CountySan Diego, CA501(c)(3)Grant to support AARP Foundation's Benefits program$200,000
South Alabama Regional PlanningMobile, AL501(c)(3)Grant to support AARP Foundation's Benefits program$200,000
East Side Learning CenterSaint Paul, MN501(c)(3)Grant to support AARP Foundation's Experience Corps program$187,812
Elder Law of Michigan IncLansing, MI501(c)(3)Grant to support AARP Foundation's Benefits program$186,879
Read to Succeed Buffalo IncBuffalo, NY501(c)(3)Grant to support AARP Foundation's Experience Corps program$186,828
Atlanta Community Food BankAtlanta, GA501(c)(3)Grant to support AARP Foundation's Benefits program$180,000
Parentis Health FoundationLaguna Hills, CA501(c)(3)Grant to support AARP Foundation's Experience Corps program$161,247
FRAC (Food Research & Action Center)Washington, DC501(c)(3)Grant to support AARP Foundation's Benefits program$160,000
Ciudad NuevaEl Paso, TX501(c)(3)Grant to support AARP Foundation's Benefits program$150,000
Georgia Community Action Association IncDecatur, GA501(c)(3)Grant to support AARP Foundation's Workforce program$124,000
Orange County's United WayIrvine, CA501(c)(3)Grant to support AARP Foundation's Tax and Credit program$120,000
DC Central Kitchen IncWashington, DC501(c)(3)General support and sponsorship of the 2023 Capital Food Fight$110,000
Bread for the CityWashington, DC501(c)(3)General support$100,000
Food & Friends IncWashington, DC501(c)(3)General support$100,000
Some IncWashington, DC501(c)(3)General support$100,000
Metropolitan Family ServiceHillsboro, OR501(c)(3)Grant to support AARP Foundation's Experience Corps program$99,147
Atlanta Center Self-SufficiencyAtlanta, GA501(c)(3)Grant to support AARP Foundation's Workforce program$85,000
Sequoia Living IncSan Francisco, CA501(c)(3)Grant to support AARP Foundation's Experience Corps program$79,398
MHP SaludYpsilanti, MI501(c)(3)Grant to support AARP Foundation's Benefits program$75,082
United Way of Central Georgia IncMacon, GA501(c)(3)Grant to support AARP Foundation's Experience Corps program$75,057
Hawaii Community FoundationHonolulu, HI501(c)(3)Grant to support disaster relief$75,000
Sacramento Food BankSacramento, CA501(c)(3)Grant to support AARP Foundation's Benefits program$75,000
San Antonio Food BankSan Antonio, TX501(c)(3)Grant to support AARP Foundation's Benefits program$73,981
American Society on AgingSan Francisco, CA501(c)(3)Sponsorship of Conference$65,000
Meals on Wheels AmericaAlexandria, VA501(c)(3)Sponsorship of annual conference$62,500
Brevard Workforce Development Board IncRockledge, FL501(c)(3)Grant to support AARP Foundation's Workforce program$60,000
Chicago Cook Workforce PartnershipChicago, IL501(c)(3)Grant to support AARP Foundation's Workforce program$60,000
El Camino Community College District FoundationTorrance, CA501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$60,000
National Experienced Workforce SolutionsArlington, VA501(c)(3)Grant to support AARP Foundation's Workforce program$60,000
St Bernard Parish Government WorkforceCovington, LAGovt. entityGrant to support AARP Foundation's Workforce program$60,000
Youth Co-Op IncMiami, FL501(c)(3)Grant to support AARP Foundation's Workforce program$60,000
Sacramento Chinese Community Service CenterSacramento, CA501(c)(3)Grant to support AARP Foundation's Experience Corps program$53,508
Capital Hill VillageWashington, DC501(c)(3)Grant to support AARP Foundation's Benefits program$50,000
Central Texas Food Bank IncAustin, TX501(c)(3)Grant to support AARP Foundation's Benefits program$50,000
Gerontological Society of AmericaWashington, DC501(c)(3)2023 Conference sponsorship$50,000
Grand Street SettlementNew York, NY501(c)(3)Grant to support AARP Foundation's Benefits program$50,000
mReliefChicago, IL501(c)(3)Grant to support AARP Foundation's Benefits program$50,000
Agency on Aging of South Central ConnecticutNew Haven, CT501(c)(3)Grant to support AARP Foundation's Experience Corps program$49,353
Central Arizona Regional Economic Development FoundationGlendale, AZ501(c)(3)Grant to support AARP Foundation's Experience Corps program$42,416
Scan Health PlanLong Beach, CA501(c)(3)Grant to support AARP Foundation's Benefits program$40,000
AmeriCorpsWashington, DCGovernmentTo fund AARP Foundation's share of payments to volunteers$31,069
United Way of Greater Atlanta IncAtlanta, GA501(c)(3)Grant to support AARP Foundation's Experience Corps program$30,269
Legal Aid at WorkSan Francisco, CA501(c)(3)Grant to support AARP Foundation's Benefits program$30,000
Greater Cleveland VolunteersCleveland, OH501(c)(3)Grant to support AARP Foundation's Experience Corps program$29,494
City of Refuge IncorporatedAtlanta, GA501(c)(3)Grant to support AARP Foundation's Workforce program$25,000
Congressional Hunger CenterWashington, DC501(c)(3)General support$25,000
Helpage USA IncWashington, DC501(c)(3)General support$25,000
Iona Senior ServicesWashington, DC501(c)(3)General support$25,000
Miriam's KitchenWashington, DC501(c)(3)General support$25,000
Legal Counsel for the ElderlyWashington, DC501(c)(3)Grant to support AARP Foundation's Benefits program$20,000
NccnhrWashington, DC501(c)(3)Sponsorship of the Consumer Voice Annual Conference$20,000
UnitedHealthcare Children's FoundationMinnetonka, MN501(c)(3)Sponsorship of annual golf classic$20,000
University of Michigan (Housing Bureau for Seniors)Ann Arbor, MI501(c)(3)Grant to support AARP Foundation Benefits program$20,000
Urban League of Greater AtlantaAtlanta, GA501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$19,724
Fill My CupCharlotte, NC501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$15,000
Mission Economic Development AgencySan Francisco, CA501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$15,000
Region One Education Service CenterEdinburg, TX501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$15,000
Volunteers of America National ServicesAlexandria, VA501(c)(3)Sponsorship of annual symposium$15,000
Chinese Community Center IncHouston, TX501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$13,000
Partner Community Capital Inc (fka Natural Capital Investment Fund)Charlestown, WV501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$12,500
The Edge ConnectionKennesaw, GA501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$12,500
YMCA of Central MarylandBaltimore, MD501(c)(3)Grant to support AARP Foundation's Experience Corps program$11,424
Commission on Adult Basic Education IncBradenton, FL501(c)(3)2023 conference sponsorship$10,000
Community Loan Fund of the Capital Region IncAlbany, NY501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$10,000
Dress for Success Charity New OrleansNew Orleans, LA501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$10,000
Iowa Center of Economic SuccessClive, IA501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$10,000
Rural Enterprises of Oklahoma IncDurant, OK501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$10,000
Sarah's CircleWashington, DC501(c)(3)General support$10,000
Seabury Resources for AgingWashington, DC501(c)(3)General support$10,000
Terrific IncWashington, DC501(c)(3)General support$10,000
Vida Senior CentersWashington, DC501(c)(3)General support$10,000
We Are Family Senior Outreach NetworkWashington, DC501(c)(3)General support$10,000
Elev8 Baltimore IncBaltimore, MD501(c)(3)Grant to support AARP Foundation's Experience Corps program$9,825
The Business Center for Entrepreneurship and Social EnterprisePhiladelphia, PA501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$9,500
Centralina Council of GovernmentsCharlotte, NC501(c)(4)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$9,000
United State Veteran's InitiativeLos Angeles, CA501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$9,000
Legacy Harvest FoundationAtlanta, GA501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$8,500
Chicago Housing AuthorityChicago, IL501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$8,000
Chinatown Manpower Project IncNew York, NY501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
El Camino Community College DistrictTorrance, CAGovt. entityGrant to support AARP Foundation's Workforce program$7,500
El Paso Hispanic Chamber of CommerceEl Paso, TX501(c)(6)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
FoundersForgeJohnson City, TN501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
Fox Valley Technical CollegeAppleton, WI501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
Friends of Puerto RicoWashington, DC501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
National Institute of Minority Economic DevelopmentDurham, NC501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
New Economics for WomenLos Angeles, CA501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
PWNC Foundation IncGilbertsville, PA501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
Sandhills Cooperation AssociationTroy, NC501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
Small Business Empowerment CenterSaint Louis, MO501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
Women's Opportunities Resource CenterPhiladelphia, PA501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
YouEmpowerJacksonville, TX501(c)(3)Grant to support AARP Foundation's Work for Yourself 50+ workshops$7,500
Aster Aging IncMesa, AZ501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$7,000
National Opinion Research CenterChicago, IL501(c)(3)Grant to support AARP Foundations social connectivity program$6,382
Clean Slate E3 IncPittsburgh, PA501(c)(3)Grant to support AARP Foundation's Digital Skills Ready @ 50+ Workforce program$6,000
Heartland Workforce Investment Board IncSebring, FL501(c)(3)Grant to support AARP Foundation's Workforce program$6,000
Jefferson State Community CollegeBirmingham, ALGovt. entityGrant to support AARP Foundation's Workforce program$6,000
Community Action PartnershipWashington, DC501(c)(3)Sponsorship of the 2023 Management and Leadership Training Conference$5,500

International Summary

Offices
0
Employees
0
Spending
$140,568,034

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,BNYM investment portfolio-00$107,969,209
Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumBNYM investment portfolio-00$26,809,744
North America - Canada and Mexico, but not the United StatesBNYM investment portfolio-00$5,789,081
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,936,330
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 entitySee belowGrants for performance of charitable activities on behalf of AARP FoundationNo$397,522
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Liability$2,896,767

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
Yes
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 4

Article V(B) of the AARP Foundation Bylaws was amended to increase the maximum size of the Board to thirteen directors.

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

The AARP Board of Directors appoints up to thirteen voting members of the AARP Foundation Board of Directors. Up to four of the AARP Foundation board members may be current members of the AARP Board. 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 thirteen 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 or the AARP Board, and a successor shall be appointed in accordance to the process described in the bylaws. 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 AARP Foundation Form 990 is prepared by AARP's internal tax department and reviewed by the Foundation's CFO and other internal reviewers. The Form 990 is then provided to the 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. 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 19

AARP Foundation makes its Form 990 and audited financial statements available for public inspection on its website and upon request to the AARP Foundation's Office of the CFO.

Form 990, Part VII, Section 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
Claire Casey
Title
President
Phone
2024343399
Signed
2024-11-07

Organization Details

Principal Officer
Claire Casey
Formed
1961
Legal Domicile
Dc
Voting Board Members
13
Independent Board Members
12
Employees
375
Volunteers
27,465
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 in the financial statements 3,274,215.

Part XII, Line 4B - Other Adjustments:

Investment expenses treated as contra-revenue in the financial statements 3,274,215.

Raw XML AppendixShowing 400 of 2,518 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/ReportableCompFromRltdOrgAmt12692
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15315604
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1728733
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt188454
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2263127
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0President (as of 1/9/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member (as of 6/8/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member (as of 6/8/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member (until 8/16/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member (as of 6/8/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member (as of 9/20/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14CFO & Senior Vice Presiden
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16(Interim Pres. until 1/9/23)
IRS990/Form990PartVIISectionAGrp/TitleTxt17SVP & Chief Development Of
IRS990/Form990PartVIISectionAGrp/TitleTxt18SVP - Litigation
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP - Finance, Grants, & Op
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP - Strategy & Innovation
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP - Corp & Fdn Relations
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP - Direct Response
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP - Integration
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt09250860
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt099683634
IRS990/GrantAmt068240564
IRS990/GrantsPayableGrp/BOYAmt010038045
IRS990/GrantsPayableGrp/EOYAmt08422291
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt065496782
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt065496782
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt011659269
IRS990/GrantsToDomesticOrgsGrp/TotalAmt011659269
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0353272172
IRS990/GrossReceiptsAmt0519270949
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt0122
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0450090
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0523181
IRS990/InformationTechnologyGrp/ProgramServicesAmt06048013
IRS990/InformationTechnologyGrp/TotalAmt07021284
IRS990/IntangibleAssetsGrp/BOYAmt0201367
IRS990/IntangibleAssetsGrp/EOYAmt0184107
IRS990/InterestGrp/FundraisingAmt0178175
IRS990/InterestGrp/ManagementAndGeneralAmt0202764
IRS990/InterestGrp/ProgramServicesAmt0456149
IRS990/InterestGrp/TotalAmt0837088
IRS990/InvestmentIncomeGrp/ExclusionAmt05036137
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05197284
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0161147
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0336318235
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0325740066
IRS990/InvestmentsProgramRelatedGrp/BOYAmt04824969
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03499775
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0287072370
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0330281615
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0123
IRS990/IRPDocumentW2GCnt00
IRS990/JointCostsInd0X
IRS990/LandBldgEquipAccumDeprecAmt020557288
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010452344
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09195899
IRS990/LandBldgEquipCostOrOtherBssAmt029753187
IRS990/LegalDomicileStateCd0DC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0344021312
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2023Detailed filing. Detailed filing data is available for this year.$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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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