American Economic Association Inc
- Assets
- $54.4m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 91
- Location
- Nashville, TN
- Founding
- 04/1944
- Data as of
- 12/2023
- EIN
- 36-2166945
Organization Overview
American Economic Association Inc is located in Nashville, TN. The organization was established in 1944. According to its NTEE Classification (V03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Social Science and related organizations. As of 12/2023, American Economic Association Inc employed 91 individuals. This organization is the central organization for a national or regional group of organizations. American Economic Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, American Economic Association Inc generated $14.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $14.2m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE AEA HOLDS CONFERENCES AND PROGRAMS THROUGHOUT THE YEAR INCLUDING THE ANNUAL MEETING - WHERE THE AEA IN CONJUNCTION WITH 66 ASSOCIATIONS IN RELATED DISCIPLINES KNOWN AS THE ALLIED SOCIAL SCIENCES ASSOCIATIONS (ASSA), HOLDS A THREE-DAY MEETING EACH JANUARY TO PRESENT PAPERS ON GENERAL ECONOMICS TOPICS. OTHER CONFERENCE/WORKSHOPS HELD INCLUDE THE AEA SUMMER PROGRAM, CONTINUING EDUCATION CONFERENCE, CEMENT WORKSHOPS, EDUCATE, THE CTREE CONFERENCE, CSQIEP MENTORING CONFERENCE AND SUMMER MENTORING PIPELINE CONFERENCE.
PRODUCTION AND MAINTENANCE OF "ECONLIT" - A DATABASE OF ECONOMIC PAPERS, ARTICLES, ETC FROM TOP ECONOMIC SOURCES WHICH CAN BE USED FOR RESEARCH.
PUBLISHING OF "AMERICAN ECONOMIC REVIEW," "JOURNAL OF ECONOMIC LITERATURE," "JOURNAL OF ECONOMIC PERSPECTIVES," "AEJ:ECONOMIC POLICY," "AEJ:APPLIED ECONOMICS," "AEJ:MACROECONOMICS," "AEJ:MICROECONOMICS AND "AER: INSIGHTS." APPROXIMATELY 20,000 MEMBERS AND SUBSCRIBERS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Athey President | OfficerTrustee | 2 | $0 |
Janet Currie President-Elect | OfficerTrustee | 3 | $0 |
Hilary Hoynes Vice President | OfficerTrustee | 1 | $0 |
Linda Tesar Vice President | OfficerTrustee | 1 | $0 |
Kevin Lang Executive Committee | Trustee | 1 | $0 |
Lisa Lynch Executive Committee | Trustee | 1 | $0 |
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 | $290,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,100 |
| Total Program Service Revenue | $11,268,244 |
| Investment income | $1,302,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,109,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,970,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,157,766 |
| Compensation of current officers, directors, key employees. | $141,099 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,430,765 |
| Pension plan accruals and contributions | $126,515 |
| Other employee benefits | $228,794 |
| Payroll taxes | $308,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $283,413 |
| Fees for services: Accounting | $198,766 |
| Fees for services: Lobbying | $125,868 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $240,014 |
| Information technology | $313,858 |
| Royalties | $0 |
| Occupancy | $357,097 |
| Travel | $79,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,366 |
| Insurance | $63,696 |
| All other expenses | $1,301,941 |
| Total functional expenses | $14,184,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,532,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,388,750 |
| 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 | $765,283 |
| Net Land, buildings, and equipment | $28,342 |
| Investments—publicly traded securities | $48,423,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,282,318 |
| Total assets | $54,421,119 |
| Accounts payable and accrued expenses | $769,410 |
| Grants payable | $0 |
| Deferred revenue | $3,881,374 |
| 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 | $1,285,123 |
| Total liabilities | $5,935,907 |
| Net assets without donor restrictions | $48,032,490 |
| Net assets with donor restrictions | $452,722 |
| 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 | $54,421,119 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Economic Association Inc Nashville, TN | $54,421,119 | $13,970,615 |
Population Association Of America Inc Alexandria, VA | $3,032,003 | $1,643,418 |
Society For Prevention Research Incorporated Fairfax, VA | $1,371,714 | $724,704 |
National Association Of Blacks In Criminal Justice Inc Durham, NC | $288,850 | $474,815 |
Economic Club Of Memphis Memphis, TN | $245,688 | $185,517 |