Financials
Statements of Financial Positions
| Dec. 31 | 2019 | 2018 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 1,994,126 | $ 2,178,188 |
| Investments | $ 9,089,241 | $ 7,749,555 |
| Accounts receivable | $ 400,113 | $ 251,766 |
| Prepaid expenses | $ 193,224 | $ 245,516 |
| Intangible assets | $ 405,000 | $ 405,000 |
| Deposits | $ 24,187 | $ 24,187 |
| Property and equipment, net | $ 208,547 | $ 359,869 |
| Total assets | $ 12,314,438 | $ 11,214,081 |
| Dec. 31 | 2019 | 2018 |
|---|---|---|
| Liabilities and Net Assets | ||
| Liabilities | ||
| Accounts payable and accrued expenses | $ 324,501 | $ 410,760 |
| Deferred revenue | $ 448,610 | $ 484,639 |
| Total liabilities | $ 773,111 | $ 895,399 |
| Net assets - unrestricted | $ 11,541,327 | $ 10,318,682 |
| Total liabilities and net assets | $ 12,314,438 | $ 11,214,081 |
Statements of Activities
| Year Ended Dec. 31 | 2019 | 2018 |
|---|---|---|
| Revenue | ||
| Sponsorships | $ 5,060,534 | $ 5,282,275 |
| Membership dues | $ 885,302 | $ 893,308 |
| Participation fees | $ 385,815 | $ 373,940 |
| Interest and dividend income, net of fees | $ 382,652 | $ 320,303 |
| Other income | $ 20,558 | $ 16,217 |
| Document sales | $ 9,290 | $ 13,962 |
| Total | $ 6,744,151 | $ 6,900,005 |
| Year Ended Dec. 31 | 2019 | 2018 |
|---|---|---|
| Expense | ||
| Salaries and related | $ 2,125,025 | $ 1,977,565 |
| Meetings, speakers and rentals | $ 1,343,121 | $ 1,137,637 |
| Outside services | $ 469,295 | $ 735,289 |
| Insurance | $ 367,588 | $ 341,825 |
| Rent, assessments and parking | $ 362,889 | $ 342,141 |
| Web development, hosting and support | $ 330,082 | $ 251,508 |
| Recruiting and incentives | $ 227,117 | $ 241,487 |
| Payroll taxes and administration | $ 162,749 | $ 143,715 |
| Depreciation and amortization | $ 162,112 | $ 123,251 |
| Retirement contributions | $ 122,066 | $ 102,939 |
| Dues and subscriptions | $ 105,395 | $ 109,795 |
| Travel | $ 103,718 | $ 89,869 |
| Miscellaneous fees and expenses | $ 77,905 | $ 81,487 |
| Contributions | $ 87,000 | $ 198,863 |
| Computer hardware, software and services | $ 64,286 | $ 28,160 |
| Resources | $ 63,596 | $ 139,962 |
| Stationery and supplies | $ 38,973 | $ 40,970 |
| Sales and use tax | $ 36,305 | $ 26,124 |
| Bank and merchant fees | $ 30,372 | $ 33,691 |
| Phone and fax | $ 22,807 | $ 20,919 |
| Printing and advertising | $ 156,641 | $ 122,481 |
| Training | $ 20,078 | $ 36,323 |
| Equipment purchase, rental and service | $ 12,769 | $ 16,613 |
| Postage, express mail and messenger | $ 10,778 | $ 3,155 |
| $ 6,502,667 | $ 6,345,769 |
| Change in net assets before investment gain (loss) | $ 241,484 | $ 554,236 |
| Net (loss) gain on investments | $ 981,161 | $ (886,829) |
| Change in net assets | $ 1,222,645 | $ (332,593) |
| Net assets, beginning of year | $ 10,318,682 | $ 10,651,275 |
| Net assets, end of year | $ 11,541,327 | $ 10,318,682 |
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