National Association For The Support Of Long-Term Care
- Assets
- $1.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 12/1989
- Data as of
- 12/2023
- EIN
- 52-1593085
Organization Overview
National Association For The Support Of Long-Term Care, operating under the name Advion, is located in Washington, DC. The organization was established in 1989. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Advion employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advion is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Advion generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
TO REPRESENT ANCILLARY SERVICE PROVIDERS AND SUPPLIERS IN LONG TERM AND POST ACUTE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVION 34TH ANNUAL MEETING: LONG-TERM CARE INDUSTRY LEADERS FROM AROUND THE NATION CONVENED IN DENVER, COLORADO, OCTOBER 1-3, 2023, FOR THE ANNUAL MEETING OF ADVION. THE CONFERENCE FEATURED PRESENTATIONS BY AN INFLUENTIAL ARRAY OF INDUSTRY EXPERTS AND POLICY AUTHORITIES THAT OFFERED ATTENDEES UP-TO-THE-MINUTE PERSPECTIVES AND VALUABLE INSIGHTS ON THE LATEST DEVELOPMENTS AFFECTING LONG-TERM CARE. THE 34TH ANNUAL MEETING ALSO FEATURED WORKING SESSIONS OF ADVION'S MEDICAL SERVICES, INFORMATION TECHNOLOGY AND DIAGNOSTIC TESTING COMMITTEES, AND A MEETING OF THE ADVION BOARD OF DIRECTORS.
ADVION 2023 LEGISLATIVE & REGULATORY CONFERENCE: LONG-TERM CARE INDUSTRY LEADERS FROM AROUND THE NATION CONVENED IN WASHINGTON, DC, ON MARCH 6-8, 2023, FOR THE 2023 ADVION LEGISLATIVE & REGULATORY CONFERENCE. THE CONFERENCE FEATURED PRESENTATIONS BY AN INFLUENTIAL ARRAY OF INDUSTRY EXPERTS AND GOVERNMENT OFFICIALS THAT OFFERED ATTENDEES UP-TO-THE-MINUTE PERSPECTIVES AND VALUABLE INSIGHTS INTO THE LATEST LEGISLATIVE AND REGULATORY DEVELOPMENTS AFFECTING LONG-TERM AND POST-ACUTE CARE. ADVION'S 2023 LEGISLATIVE & REGULATORY CONFERENCE ALSO FEATURED WORKING SESSIONS OF ADVION'S MEDICAL SERVICES, INFORMATION TECHNOLOGY AND DIAGNOSTIC TESTING COMMITTEES, AND A MEETING OF THE ADVION BOARD OF DIRECTORS. ASSOCIATED VISITS BY ATTENDEES TO THE CAPITOL HILL OFFICES OF THEIR LEGISLATORS WERE HELD ON MARCH 8, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxine Hochhauser Director | Trustee | 3 | $0 |
Amy Hobbs Director | Trustee | 3 | $0 |
Tracy Fritts Director | Trustee | 3 | $0 |
John Harned Director | Trustee | 3 | $0 |
Jean Brooks Director | Trustee | 3 | $0 |
Kyle Bohannon Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,189,079 |
| Investment income | $4,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,139 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,186,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $313,353 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,445 |
| Payroll taxes | $31,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,599 |
| Fees for services: Accounting | $13,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,192 |
| Fees for services: Other | $200,000 |
| Advertising and promotion | $0 |
| Office expenses | $38,339 |
| Information technology | $46,520 |
| Royalties | $0 |
| Occupancy | $68,197 |
| Travel | $7,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $196,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,255 |
| Insurance | $4,560 |
| All other expenses | $0 |
| Total functional expenses | $1,246,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $522,252 |
| 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 | $27,170 |
| Net Land, buildings, and equipment | $1,613 |
| Investments—publicly traded securities | $1,167,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,726 |
| Other assets | $0 |
| Total assets | $1,934,290 |
| Accounts payable and accrued expenses | $65,417 |
| Grants payable | $0 |
| Deferred revenue | $894,868 |
| 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 | $12,006 |
| Total liabilities | $972,291 |
| Net assets without donor restrictions | $961,999 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,934,290 |