American Academy Of Audiology Inc
- Assets
- $9.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 34
- Location
- Reston, VA
- Founding
- 10/2000
- Data as of
- 09/2023
- EIN
- 54-1851633
Organization Overview
American Academy Of Audiology Inc is located in Reston, VA. The organization was established in 2000. 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, American Academy Of Audiology Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Audiology Inc 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, American Academy Of Audiology Inc generated $6.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $6.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. 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 AMERICAN ACADEMY OF AUDIOLOGY PROMOTES QUALITY HEARING AND BALANCE CARE BY ADVANCING THE PROFESSION OF AUDIOLOGY THROUGH LEADERSHIP, ADVOCACY, EDUCATION, PUBLIC AWARENESS, AND SUPPORT OF RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION: THE ACADEMY CONDUCTS AN ANNUAL CONVENTION AND EXPOSITION CALLED AAA WHICH BRINGS TOGETHER AUDIOLOGISTS FROM AROUND THE WORLD TO LEARN THE LATEST ADVANCES IN AUDIOLOGY, NETWORK WITH THEIR PEERS AND GATHER NEW PRODUCT INFORMATION THAT COULD IMPROVE PATIENT CARE.
CONTINUING EDUCATION: THE ACADEMY PROVIDES CONTINUING EDUCATION OPPORTUNITIES TO MEMBERS AND OTHER AUDIOLOGISTS TO KEEP THEM INFORMED OF THE LATEST RESEARCH AND TRENDS WITHIN THE PROFESSION AND TO MAINTAIN THEIR STATE LICENSURES. THESE PROGRAMS INCLUDE PRE-CONVENTION CLASSES, CLASSES DURING AAA AND ONLINE EDUCATIONAL COURSES. THE ACADEMY ALSO MAINTAINS A DATABASE OF OTHER ACCEPTABLE CONTINUING EDUCATION PROVIDERS AND OFFERS CPE CREDITS TO AUDIOLOGISTS THROUGH THESE PROVIDERS. IN ADDITION, THE ACADEMY PROVIDES THE JOURNAL OF THE AMERICAN ACADEMY OF AUDIOLOGY TO ALL MEMBERS TO ADVANCE MEMBERS' KNOWLEDGE OF CURRENT SCIENCE AND RESEARCH.
GOVERNMENT RELATIONS: THE GOVERNMENT RELATIONS AND CODING TEAM OF THE ACADEMY WORK TOGETHER TO EXACT CHANGE THROUGH LEGISLATION AND REGULATION. THEY MONITOR LEGISLATION THAT WILL AFFECT AUDIOLOGISTS AND WORK TO INFLUENCE LEGISLATION AND REGULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Spankovich Aud PHD MPH Director | Trustee | 2 | $0 |
Lachelle Lazarus Aud Director | Trustee | 2 | $0 |
Marcia Raggio PHD Director | Trustee | 2 | $0 |
Kaitlyn Kennedy Aud Director | Trustee | 2 | $0 |
Ursula Findlen PHD Director | Trustee | 2 | $0 |
Samantha Kleindienst Robler Aud PHD Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Euclid Technology Solutions Software | 9/29/22 | $108,000 |
Intrado Digital Media Llc Virtual Audio Visual Service | 9/29/22 | $102,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,659 |
| 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 | $13,659 |
| Total Program Service Revenue | $5,506,722 |
| Investment income | $179,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $242,060 |
| 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 | $6,015,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,225 |
| Grants and other assistance to domestic individuals. | $1,953 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $302,505 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,991,616 |
| Pension plan accruals and contributions | $112,403 |
| Other employee benefits | $130,832 |
| Payroll taxes | $179,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,051 |
| Fees for services: Accounting | $33,271 |
| Fees for services: Lobbying | $38,709 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,499 |
| Fees for services: Other | $797,326 |
| Advertising and promotion | $21,585 |
| Office expenses | $328,385 |
| Information technology | $144,812 |
| Royalties | $0 |
| Occupancy | $349,692 |
| Travel | $98,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,148,806 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $105,162 |
| Insurance | $50,430 |
| All other expenses | $0 |
| Total functional expenses | $6,148,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,283,633 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,458 |
| 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 | $194,983 |
| Net Land, buildings, and equipment | $153,338 |
| Investments—publicly traded securities | $5,895,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,399,254 |
| Total assets | $9,006,312 |
| Accounts payable and accrued expenses | $240,133 |
| Grants payable | $0 |
| Deferred revenue | $721,725 |
| 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 | $1,629,448 |
| Total liabilities | $2,591,306 |
| Net assets without donor restrictions | $6,415,006 |
| 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 | $9,006,312 |