AARP EIN 95-1985500

AARP FY2020 filing

EIN  95-1985500 Membership association Washington, DC Founded 1958
Form 990 (PDF)
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Size
$100M+
What they do
Empowers people to choose how they live as they age by providing valuable member benefits, customized information, and dedicated support services.
Leadership
Jo Ann Jenkins · Chief Executive Officer · $1.3M
Money in and out
$1.7B revenue, $1.6B expenses
Bottom line
+3% operating surplus

Empowers people to choose how they live as they age by providing valuable member benefits, customized information, and dedicated support services. For fiscal year 2020 it reported $1.7B in revenue, $1.6B in expenses, and $1.6B in net assets.Pt I

Membership & operating revenue · FY2020
Total revenue
$1.7B
Pt VIII · Ln 12
Total expenses
$1.6B
Pt IX · Ln 25
Net assets
$1.6B
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $55.3M
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14 Fundraising $0.00
Operating surplus
+3%
revenue over expenses
Earned revenue
10%
of revenue from program services & dues
Payroll share
23%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.7B
FY2020▼ -6%
Expenses
$1.6B
FY2020▼ -1%
Total assets
$3.0B
FY2020▲ +8%
Total liabilities
$1.4B
FY2020▲ +9%
Total revenue
$1.7B
Pt VIII · Ln 12
Total expenses
$1.6B
Pt IX · Ln 25
Net assets
$1.6B
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$55.3M
Total assetsPt X · Ln 16$3.0B
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $1.1B of program spending, described in the organization's own filed words · FY2020.
01

Community Engagement, Education, and Outreach provides programs, services, tools, information, and advocacy that advance the mission of AARP by helping to fulfill the wants and needs of people age 50+ and their families.

$439.5Mprogram expense
02

Publications and CommunicationsAARP is a unique source of information through multiple communication channels on topics of interest to people 50+ and their families. AARP publishes "AARP The Magazine," the world's largest circulation magazine, every other month.

$397.2Mprogram expense
03

Member Engagement is dedicated to ensuring that AARP provides a valuable member experience to members and that a relevant portfolio of information, programs, benefits, and services is readily available to all members. Members have the opportunity to receive customized information in the manner most useful to them.

$221.3Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAARP
EINHdr · item D95-1985500
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.aarp.org
Year of formationHdr · item L1958
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R25)
Ruling yearIRS BMFMay 1967

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$1,335,714Pt VII · Sec A
EVP - Advocacy & Engagement
$759,913Pt VII · Sec A
$726,827Pt VII · Sec A
EVP & Chief Comm & Mktg
$660,969Pt VII · Sec A
EVP & Chief of Staff
$534,124Pt VII · Sec A
EVP & General Counsel
$496,136Pt VII · Sec A
EVP & Public Policy Officer
$490,335Pt VII · Sec A
EVP & Corporate Secretary
$485,044Pt VII · Sec A

Jo Ann Jenkins’s $2.7M as CEO (until 11/8/2024) is at the 100th percentile of top reported officer pay among 7 $100M+ civil rights & advocacy nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Jo Ann Jenkins$2,746,855$2,384,335$1,444,575$2,575,415$1,335,714$1,285,002
Scott M Frisch$1,024,073$807,731$772,971$766,417$726,827
Nancy a Leamond$879,502$813,675$807,717$777,540$759,913$736,644
Martha Boudreau$771,916$733,582$700,535$697,595$660,969$651,679
Scott Frisch$696,672
Kevin Donnellan$630,155$586,254$557,326$555,992$534,124$518,113
David C Morales$587,580
Debra B Whitman$576,926

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Other revenue$1.0B · 61%
Contributions & grants$319.0M · 19%
Program service revenue$169.5M · 10%
Investment income$164.4M · 10%
Other revenue61%$1.0B
Contributions & grants19%$319.0M
Program service revenue10%$169.5M
Investment income10%$164.4M
— government grantsLn 1e$357K
Total revenueLn 12$1.7B

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14 Fundraising $0.00
Program services86%$1.4B
Management & general14%$224.9M
Fundraising$5.8M
Total functional expensesLn 25$1.6B

Balance Sheet

Part X · end of year
CashLn 1$127.4M
Total assetsLn 16$3.0B
Total liabilitiesLn 26$1.4B
Total net assetsLn 32$1.6B
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.5B · Operating expenses/yr $1.6B
18.5 months
Where the money goes
Program services
Program services $1.4B · Total expenses $1.6B
86%
Management & General
Management & general $224.9M · Total expenses $1.6B
14%
Fundraising
Fundraising $5.8M · Total expenses $1.6B
0%
Cost to raise $1
Fundraising expense (2-yr avg) $6.8M · Solicited contributions (2-yr avg) $329.1M
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $319.0M · Total revenue $1.7B
19%
Government reliance
Government grants $357K · Total revenue $1.7B
0%
Earned-income share
Program service revenue $169.5M · Total revenue $1.7B
10%
Investment reliance
Investment income $164.4M · Total revenue $1.7B
+10%
Program self-sufficiency
Program service revenue $169.5M · Total expenses $1.6B
11%
Growth & trend
Revenue growth (YoY)
This year $1.7B · Prior year $1.8B
-6%
Net-asset trend (YoY)
End of year $1.6B · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.7B · Expenses $1.6B
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $3.0B
Net-asset ratio
Net assets $1.6B · Total assets $3.0B
53%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.3B · Other securities (Pt X, ln 12) $46.7M · Total assets (Pt X, ln 16) $3.0B
78%
People & payroll
Highest Reported Total Compensation
Individual Jo Ann Jenkins · Reported title Chief Executive Officer · Highest reported compensation $1.3M · Total expenses $1.6B
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $372.4M · Total expenses $1.6B
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 2%
Revenue growth -6%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
AARP FoundationFY2024$209K
Total grants receivedfrom 1 funder$209K
Grants paid · 3,552 grants · $361.2M · 2019–2024
Wish of a LifetimeCO · FY2024$3,362,720
Legal Counsel for the ElderlyDC · FY2024$2,978,685
Creative CoalitionNY · FY2024$995,077
United Way WorldwideVA · FY2024$819,000
AARP FoundationDC · FY2024$514,383
America's CharitiesVA · FY2024$508,493
The Aspen Institute INCDC · FY2024$325,000
US Library of CongressFY2024$320,000
Links Foundation INCDC · FY2024$286,500
University of North DakotaFY2024$250,000
See all 3,552 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$11.0B revenue · ⤓ 990 PDF
FY2023$1.7B revenue · ⤓ 990 PDF
FY2022$1.8B revenue · ⤓ 990 PDF
FY2021$2.0B revenue · ⤓ 990 PDF
FY2020$1.7B revenue · viewing · ⤓ 990 PDF
FY2019$1.8B revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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