Armed Forces Communications And Electronics Association
- Assets
- $20.0m
- Revenue
- $20.6m
- Investments
- $0.0
- Employees
- 62
- Location
- Fairfax, VA
- Founding
- 09/1982
- Data as of
- 09/2023
- EIN
- 53-0180161
Organization Overview
Armed Forces Communications And Electronics Association is located in Fairfax, VA. The organization was established in 1982. 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 09/2023, Armed Forces Communications And Electronics Association employed 62 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Armed Forces Communications And Electronics Association 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 09/2023, Armed Forces Communications And Electronics Association generated $20.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $23.0m during the year ending 09/2023. While expenses have increased by 5.1% per year over the past 7 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
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS - AFCEA PUBLISHES SIGNAL, A MONTHLY INTERNATIONAL NEWS MAGAZINE SERVING THE CRITICAL INFORMATION NEEDS OF GOVERNMENT, MILITARY, AND INDUSTRY PROFESSIONALS. OTHER PERIODICALS INCLUDE SIGNAL CONNECTIONS (ONLINE PUBLICATION), THE SOURCE BOOK AND THE VARIOUS SOURCE DIRECTORIES, SOCIAL MEDIA OUTLETS, AND SIGNAL KIDS (QUARTERLY PUBLICATION).
MEMBERSHIP - THE AFCEA MEMBERSHIP DEPARTMENT SERVES AFCEA MEMBERS BY PROVIDING AN ETHICAL FORUM FOR THE EXCHANGE OF INFORMATION. IT DEVELOPS AND IMPLEMENTS POLICIES THAT ENHANCE THE RECRUITMENT AND RETENTION OF NEW AND EXISTING INDIVIDUAL AND CORPORATE MEMBERS. IT OPERATES CHAPTER RECRUITING AND RETENTION AWARDS PROGRAMS DESIGNED TO RECOGNIZE AND INCENT CHAPTERS TO MEET ASSOCIATION WIDE GOALS IN RECRUITING AND RETENTION OF MEMBERS. MEMBER SERVICES PROVIDE NETWORKING OPPORTUNITIES AND CAREER DEVELOPMENT ASSISTANCE AND PROGRAMS, AND VARIOUS EDUCATIONAL COURSES IN STEM DISCIPLINES.
EVENTS, CONVENTIONS, AND SYMPOSIA - AFCEA EXECUTES APPROXIMATELY 15 EVENTS ANNUALLY. THE EVENTS PROVIDE AND FACILITATE FOR ETHICAL FORUMS FOR THE DISCUSSION OF NEEDS AND FUTURE REQUIREMENTS OF THE ARMED FORCES AS THEY RELATE TO TECHNOLOGY; ATTENDEES AT THESE EVENTS INCLUDE INDIVIDUALS FROM GOVERNMENT, INDUSTRY, AND ACADEMIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adm James Busey IV Usn Ret Director | Trustee | 1 | $0 |
Al Grasso Director | Trustee | 1 | $0 |
Alisha Kelly Director | Trustee | 1 | $0 |
Allen Greene Director | Trustee | 1 | $0 |
Alphonse Whitmore Director | Trustee | 1 | $0 |
Alvie Johnson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Spargo & Associates Exhibit/sponsor/registration Management | 9/29/23 | $2,409,161 |
Vista Convention Services Inc Technet Cyber Convention Services | 9/29/23 | $780,788 |
Augusta Marriott Hotel Provider For Technet Augusta | 9/29/23 | $360,266 |
Centerplate Live Event Services | 9/29/23 | $332,547 |
Avld Events Inc Live Event Services | 9/29/23 | $317,395 |
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 | $19,312,872 |
| Investment income | $595,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $440,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,611,091 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,650 |
| 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. | $1,591,269 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,395,702 |
| Pension plan accruals and contributions | $263,326 |
| Other employee benefits | $308,057 |
| Payroll taxes | $459,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $550,477 |
| Fees for services: Accounting | $42,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $519,947 |
| Advertising and promotion | $427,544 |
| Office expenses | $908,872 |
| Information technology | $56,727 |
| Royalties | $0 |
| Occupancy | $646,577 |
| Travel | $374,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,768,764 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,988 |
| Insurance | $115,902 |
| All other expenses | $51,876 |
| Total functional expenses | $23,011,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $799,851 |
| Savings and temporary cash investments | $1,924,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $612,253 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,496 |
| Prepaid expenses and deferred charges | $523,130 |
| Net Land, buildings, and equipment | $505,573 |
| Investments—publicly traded securities | $15,038,890 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $607,217 |
| Total assets | $20,013,723 |
| Accounts payable and accrued expenses | $2,968,951 |
| Grants payable | $0 |
| Deferred revenue | $8,585,565 |
| 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 | $657,773 |
| Total liabilities | $12,212,289 |
| Net assets without donor restrictions | $7,801,434 |
| 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 | $20,013,723 |