Aarp
- Assets
- $2.1m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1971
- Data as of
- 12/2023
- EIN
- 23-7377940
Organization Overview
Aarp is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aarp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Aarp generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 20.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAPTER'S MISSION IS TO REPRESENT AARP AT THE LOCAL LEVEL, PROVIDING A LINK BETWEEN MEMBERS, COMMUNITIES AND THE ASSOCIATION'S PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOURS: AARP CHAPTERS ARE PROMOTING THE SOCIAL WELFARE OF OLDER PERSONS BY PROVIDING TOURS DESIGNED FOR THE COMPANIONSHIP NEEDS AND WANTS OF OLDER PEOPLE, AND ALSO USING THEIR LARGE-SCALE BOOKING POWER TO ACHIEVE SAVINGS FOR MEMBERS. AARP'S GROUP TOURS BUILD IN FOR OLDER PERSONS AN EXTRA MEASURE OF SECURITY BY HAVING ESCORTS ABLE TO HANDLE ANY SPECIAL SITUATION OR NEEDS OF ITS OLDER MEMBERS. IN ADDITION, TOURS HELP ESTABLISH AND EXCELLENT LEARNING ENVIRONMENT FOR THOSE TOURS WHICH PERTAIN TO HISTROICAL OR EDUCATIONAL SITES. FUNDS RECEIVED BY AARP CHAPTERS FOR TOURS ARE RECEIVED FROM CHAPTER MEMBERS AND PAID BY THE CHAPTER TO THE TOUR PROVIDER. THE EXCESS OF RECEIPTS FOR THIS ACTIVITY EXCEEDS THE AMOUNT PAID DUE TO THE METHOD OF ACCOUNTING EMPLOYED BY THE CHAPTERS AND REPRESENTS AMOUNTS DUE TO TOUR PROVIDERS.
MEETINGS: AARP CHAPTERS ARE PROMOTING THE SOCIAL WELFARE OF OLDER PERSONS BY ORGANIZING AND HOLDING CHAPTER MEETINGS AND VARIOUS SOCIAL EVENTS DESIGNED TO MEET THE NEEDS OF OLDER PERSONS. THESE MEETINGS AND EVENTS ALLOW INDIVIDUAL MEMBERS AN OPPORTUNITY TO INTERACT AND COMMUNICATE WITH OTHER MEMBERS, AND TO RECEIVE INFORMATION ON TOPICS RELEVANT TO THEIR NEEDS AND WANTS, THEREBY ENHANCING THEIR QUALITY OF LIFE, INDEPENDENCE, DIGNITY, PURPOSE, AND SELF-IMAGE.
NEWSLETTER AND OTHER PROGRAMS: AARP CHAPTERS ARE PROMOTING THE SOCIAL WELFARE OF OLDER PERSONS BY PUBLISHING THE CHAPTER NEWSLETTERS, WHICH PROVIDE MEMBERS WITH A WEALTH OF INFORMATION AND ENTERTAINMENT TAILORED TO MEET THEIR NEEDS, INTERESTS AND CONCERNS. CHAPTER NEWSLETTERS REPORT ACTIVITIES AND PROJECTS SPECIALLY SUITED FOR THE NEEDS AND WANTS OF OLDER PERSONS, WHILE STIMULATING INTEREST IN, AND PARTICIPATION IN, CHAPTER AND AARP'S PROGRAMS, AS WELL AS OTHER CHARITABE AND SOCIAL WELFARE ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $253,236 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,746 |
| Total Program Service Revenue | $3,519,946 |
| Investment income | $13,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,133,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $248,811 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60,581 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $802,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,983,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,778,699 |
| Savings and temporary cash investments | $302,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,081,293 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,081,293 |
| Total liabilities and net assets/fund balances | $2,081,293 |