American Society Of Association Executives
- Assets
- $57.2m
- Revenue
- $21.1m
- Investments
- $7.1m
- Employees
- 100
- Location
- Washington, DC
- Founding
- 07/1942
- Data as of
- 08/2023
- EIN
- 53-0026940
Organization Overview
American Society Of Association Executives is located in Washington, DC. The organization was established in 1942. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, American Society Of Association Executives employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Association Executives 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 08/2023, American Society Of Association Executives generated $21.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $22.8m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Society Of Association Executives has awarded 28 individual grants totaling $3,969,564. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE) IS AN INDIVIDUAL MEMBERSHIP ORGANIZATION OF MORE THAN 50,000 ASSOCIATION EXECUTIVES AND INDUSTRY PARTNERS REPRESENTING MORE THAN 7,400 ORGANIZATIONS. ITS MEMBERS MANAGE LEADING TRADE ASSOCIATIONS, INDIVIDUAL MEMBERSHIP SOCIETIES, AND VOLUNTARY ORGANIZATIONS ACROSS THE UNITED STATES AND IN 50 COUNTRIES AROUND THE GLOBE. OUR MEMBERS ORGANIZATIONS REPRESENT SUCH ESSENTIAL INDUSTRIES AND PROFESSIONS AS HEALTH CARE, MANUFACTURING, BANKING, LAW, ENERGY, INSURANCE, AND THE LIST GOES ON. WE ARE ALSO A LEADING VOICE FOR THE NONPROFIT SECTOR, ADVOCATING FOR VOLUNTARY ORGANIZATIONS SO THAT THEY MAY CONTINUE TO IMPROVE THE QUALITY OF LIFE IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT -- ASAE OFFERS MORE THAN 75 LEARNING EXPERIENCES FOR ASSOCIATION PROFESSIONALS AND BUSINESS PARTNERS AT ALL EXPERIENCE LEVELS. THESE LEARNING PROGRAMS ARE HELD FACE-TO-FACE IN WASHINGTON, DC, AND IN LOCATIONS AROUND THE COUNTRY, AS WELL AS ONLINE. SIGNATURE PROGRAMS INCLUDE: ANNUAL MEETING; GREAT IDEAS CONFERENCES; INVITATIONAL FORUM ON LEADERSHIP & MANAGEMENT; BUSINESS OF MEETINGS CERTIFICATE PROGRAM; ASSOCIATIONS AT WORK CONFERENCE; TECHNOLOGY CONFERENCE; AND MARKETING, MEMBERSHIP, AND COMMUNICATIONS CONFERENCE.
MEMBERSHIP -- THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES IS A MEMBERSHIP ORGANIZATION OF MORE THAN 40,000 ASSOCIATION EXECUTIVES AND INDUSTRY PARTNERS REPRESENTING 7,400 ORGANIZATIONS. ITS MEMBERS MANAGE LEADING TRADE ASSOCIATIONS, INDIVIDUAL MEMBERSHIP SOCIETIES AND VOLUNTARY ORGANIZATIONS ACROSS THE UNITED STATES AND IN NEARLY 50 COUNTRIES AROUND THE WORLD. ASAE IS THE PREMIER SOURCE OF LEARNING AND KNOWLEDGE FOR THE ASSOCIATION AND NONPROFIT PROFESSION, AND PROVIDES RESOURCES, EDUCATION, IDEAS AND ADVOCACY TO ENHANCE THE POWER AND PERFORMANCE OF THE ASSOCIATION AND NONPROFIT COMMUNITY.
LEARNING CENTER FACILITY -- ASAE OPERATES A LEARNING FACILITY IN WASHINGTON, DC THAT IS AVAILABLE FOR ORGANIZATIONS TO HOLD A VARIETY OF EVENTS. THE FACILITY IS ALSO USED FOR ASAE'S OWN EDUCATIONAL PROGRAMS. THE FACILITY IS LOCATED AT 1575 I STREET, NW AND IS A FULL-SERVICE MEETING FACILITY LOCATED A FEW BLOCKS FROM THE WHITE HOUSE. THE CONFERENCE CENTER ALSO PROVIDES AN EXCELLENT ENVIRONMENT FOR EDUCATIONAL SEMINARS, PRESENTATIONS, BOARD MEETINGS, STAFF TRAINING AND RETREATS, AND OTHER EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakisha Ann Woods Cae Chair | OfficerTrustee | 2 | $0 |
Lynda J Patterson Fasae Cae Chair-Elect | OfficerTrustee | 2 | $0 |
Steven C Anderson Immediate Past Chair | OfficerTrustee | 2 | $0 |
Heidi Brock Secretary/treasurer | OfficerTrustee | 2 | $0 |
Marc Anderson Board Member | Trustee | 2 | $0 |
Matthew Gertzog Fasae Cae Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manifest Llc Website Editorial And Production,digital | 8/30/23 | $766,988 |
Levy Restaurants Catering Services For Meetings And Event | 8/30/23 | $625,933 |
Cordia Partners Llc Outsourced Accounting And Business Advis | 8/30/23 | $518,209 |
Jayne Somes-schloesser Association Consulting Services | 8/30/23 | $480,315 |
Encore Group (Usa) Llc Events Production Services | 8/30/23 | $448,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,138 |
| 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 | $120,138 |
| Total Program Service Revenue | $18,316,464 |
| Investment income | $886,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $610,989 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $968 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $506,218 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,137,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,254 |
| 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. | $1,526,873 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,464,886 |
| Pension plan accruals and contributions | $781,993 |
| Other employee benefits | $1,019,656 |
| Payroll taxes | $498,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $276,344 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $80,014 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,841 |
| Fees for services: Other | $4,817,754 |
| Advertising and promotion | $390,146 |
| Office expenses | $990,570 |
| Information technology | $1,029,952 |
| Royalties | $18,530 |
| Occupancy | $1,799,220 |
| Travel | $572,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,005,477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,035 |
| Insurance | $197,093 |
| All other expenses | -$1,872,014 |
| Total functional expenses | $22,826,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,021,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,629,278 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $58,648 |
| Prepaid expenses and deferred charges | $433,852 |
| Net Land, buildings, and equipment | $560,022 |
| Investments—publicly traded securities | $31,060,930 |
| Investments—other securities | $7,118,375 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,299,530 |
| Total assets | $57,181,668 |
| Accounts payable and accrued expenses | $3,635,459 |
| Grants payable | $0 |
| Deferred revenue | $5,912,117 |
| 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 | $6,615,560 |
| Total liabilities | $16,163,136 |
| Net assets without donor restrictions | $40,990,781 |
| Net assets with donor restrictions | $27,751 |
| 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 | $57,181,668 |
Grants Awarded
Over the last fiscal year, American Society Of Association Executives has awarded $68,125 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ASAE FOUNDATION PURPOSE: PROGRAM SUPPORT | $39,625 |
EVENTS INDUSTRY COUNCIL PURPOSE: PROGRAM SUPPORT | $13,500 |
NATIONAL CAPITAL AREA COUNCIL BOY SCOUTS OF AMERICA PURPOSE: PROGRAM SUPPORT | $15,000 |