Awards and Personalization Association FY2024 filing

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The Awards and Personalization Association is a vibrant network of professionals who advance the capabilities of businesses that create, distribute, or sell recognition and personalized products.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $93K a year · 7% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Plus $416K in investments, Pt X · Ln 11–13
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$414K
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-0.8% vs prior year
Spent
$1.4M
To programs
0%
Net assets
$281K
By yearFY2020–FY2025
Revenue
$1.2M
FY2024▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$1.2M
FY2022$1.3M
FY2023$1.2M
FY2024$1.2M
FY2025$1.1M
Expenses
$1.4M
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$1.1M
FY2022$1.4M
FY2023$1.4M
FY2024$1.4M
FY2025$1.3M
Net assets
$281K
FY2024▼ -36%
Tap a bar for its year
Net assets by fiscal year
FY2020$689K
FY2021$819K
FY2022$590K
FY2023$441K
FY2024$281K
FY2025$161K

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Past President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sec/Treas
$0Pt VII · Sec A
See Awards and Personalization Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides trade shows, a magazine, directory, member services, and education.

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3 programs · in their own filed words · FY2023
01

Trade Shows

The las vegas international awards & personalization expo is held annually. The las vegas show brings approximately 1,700 attendees and hosts over 200 exhibitors to showcase their business in the awards & personalized products industry. Provide educational seminars to educate member and non member attendees.

Pt IX · col B
02

Insights Magazine

Achievements were: provided informativearticles and information regarding industry trends, processes andproducts to both members and nonmembers in the awards and personalizationindustry.

Pt IX · col B
03

Member Services and Education

Achievements were: apa provided members with industry information through their website and education through webinars and live education events.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$76K
Investment incomeLn 3$27K
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
$281K
net assets · Ln 32
Cash and savingsLn 1–2$206K
Total assetsLn 16$695K
LiabilitiesLn 26$414K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$76K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$27K
Other incomeLn 4–11$11K
Gains on assetsLn 7$5K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$206K
SavingsLn 2$0
Cash and savings togetherLn 1–2$206K
InvestmentsLn 11–13$416K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$965
Total assetsLn 16$695K
LiabilitiesLn 26$414K
Net assetsLn 32$281K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$200K$206K
InvestmentsLn 11–13$541K$416K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$916K$695K
LiabilitiesLn 26$475K$414K
Net assetsLn 32$441K$281K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$795K
Legal feesLn 11b$6K
Accounting feesLn 11c$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$4K
Other fees for servicesLn 11g$34K
Advertising and promotionLn 12$0
Office expensesLn 13$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$14K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$10K
Other expenses (24a–d)Ln 24$357K
All other expensesLn 24e$163K
Total functional expensesLn 25$1.4M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.3M−$130K$161K 990 PDF
FY2024 Viewing $1.2M$1.4M−$191K$281K 990 PDF
FY2023 $1.2M$1.4M−$165K$441K 990 PDF
FY2022 $1.3M$1.4M−$119K$590K 990 PDF
FY2021 $1.2M$1.1M$95K$819K 990 PDF
FY2020 $1.8M$1.8M−$50K$689K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,202,153 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,000$75,600
I-9 Program service revenuePrior year $1,138,003$1,089,210
I-10 Investment incomePrior year $14,472$26,514
I-11 Other revenuePrior year $9,957$10,829
I-12 Total revenuePrior year $1,212,432$1,202,153
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,376,979$1,393,252
I-18 Total expensesPrior year $1,376,979$1,393,252
I-19 Revenue less expensesPrior year −$164,547−$191,099
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,202,153 across 10 lines filed
VIII-1f All other contributions, gifts and grants$75,600
VIII-1h Total contributions, gifts and grants$75,600
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $606,722 · Unrelated business $178,150 · Excluded from tax $304,338$1,089,210
VIII-3 Investment incomeExcluded from tax $21,119$21,119
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,395$5,395
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,829$10,829
VIII-12 Total revenueRelated to mission $622,946 · Unrelated business $178,150 · Excluded from tax $325,457$1,202,153
Part IX · Statement of functional expenses $1,393,252 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$795,000
IX-11b Legal fees$6,370
IX-11c Accounting fees$7,800
IX-11d Lobbying fees$0
IX-11f Investment management fees$3,575
IX-11g Other fees for services$34,382
IX-12 Advertising and promotion$0
IX-13 Office expenses$1,725
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$13,771
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$10,272
IX-24 Other expenses (24a–d)$357,499
IX-24e All other expenses$162,858
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,393,252
Part X · Balance sheet $695,414 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $199,749$206,267
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $114,968$16,391
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $58,184$55,303
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $540,522$416,488
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $2,461$965
X-16 Total assetsStart of year $915,884$695,414
X-17 Accounts payable and accrued expensesStart of year $55,910$49,420
X-19 Deferred revenueStart of year $419,471$364,611
X-26 Total liabilitiesStart of year $475,381$414,031
X-27 Net assets without donor restrictionsStart of year $440,503$281,383
X-32 Total net assets or fund balancesStart of year $440,503$281,383
X-33 Total liabilities and net assetsStart of year $915,884$695,414
Part XI · Reconciliation of net assets $281,383 net assets at year end
XI-1 Total revenue$1,202,153
XI-2 Total expenses$1,393,252
XI-3 Revenue less expenses−$191,099
XI-4 Net assets at start of year$440,503
XI-5 Net unrealized gains (losses) on investments$31,979
XI-10 Net assets at end of year$281,383

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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