Argentum
- Assets
- $9.2m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 37
- Location
- Alexandria, VA
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 54-1563782
Organization Overview
Argentum is located in Alexandria, VA. The organization was established in 1992. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. As of 12/2021, Argentum employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Argentum 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 12/2021, Argentum generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $11.7m during the year ending 12/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARGENTUM IS DEDICATED TO PROFESSIONALLY OWNED, MANAGED, AND OPERATED ASSISTED SENIOR LIVING COMMUNITIES FOR SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY: ARGENTUM'S PUBLIC POLICY EFFORTS ARE FOCUSED ON ADVOCATING AND SUPPORTING MEANINGFUL LAWS AND REGULATIONS AT THE STATE AND FEDERAL LEVELS. SENIOR LIVING IS REGULATED IN ALL 50 STATES, AS WELL AS IMPACTED BY SOME FEDERAL AGENCIES. ARGENTUM EDUCATES STAKE HOLDERS AND WORKS COLLABORATIVELY ON BEHALF OF THE ALMOST 2,000,000 RESIDENTS LIVING IN SENIOR LIVING.
ADVOCACY FUND: ARGENTUM ADVOCACY FUND HELPS SUPPORT PUBLIC POLICY EFFORTS TO INCLUDE SECURING FINANCIAL RELIEF, REASONABLE LIABILITY PROTECTIONS, AND INVESTING IN THE LONG-TERM NEEDS OF SENIOR LIVING PROVIDERS.
CONFERENCES AND MEETINGS: THE SENIOR LIVING EXECUTIVE CONFERENCE AND EXPO ARE DESIGNED FOR EXECUTIVES IN THE SENIOR LIVING INDUSTRY. THE SESSIONS ADDRESSED CURRENT ISSUES FACING SENIOR LIVING EXECUTIVES AND PROVIDED INNOVATIVE IDEAS TO HELP EXECUTIVES NAVIGATE CHALLENGES. STRATEGIC SESSIONS PROVIDED AN OPPORTUNITY TO EXAMINE A BROAD RANGE OF TOPICS. SESSIONS PROVIDED FOR GREATER PEER-TO-PEER EXCHANGE ON TIMELY AND THOUGHT-PROVOKING TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Balda President/ceo | Officer | 40 | $1,099,750 |
Maggie Elehwany Senior VP Public Affairs | Officer | 40 | $258,375 |
Brad Williams VP Business Development | Officer | 40 | $234,062 |
Gina Mamone Chief Financial Officer | Officer | 40 | $216,754 |
Paul Williams VP Government Relations | 40 | $194,994 | |
John Schulte VP Quality Improvement | 40 | $161,438 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forbes Tate Partners Advocacy Consulting | 12/30/21 | $300,000 |
Hodes & Landy Advocacy Consulting | 12/30/21 | $232,744 |
Aventura Professional Services | 12/30/21 | $179,912 |
Freeman Conference Production Expenses | 12/30/21 | $530,315 |
Bedrock Advocacy Communications Public Relations | 12/30/21 | $185,088 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,022,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,046,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,069,421 |
| Total Program Service Revenue | $7,259,543 |
| Investment income | $36,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $30,964 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,054,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,911,647 |
| 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. | $1,983,203 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,511,228 |
| Pension plan accruals and contributions | $10,231 |
| Other employee benefits | $332,010 |
| Payroll taxes | $241,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,065 |
| Fees for services: Accounting | $42,564 |
| Fees for services: Lobbying | $270,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $431,096 |
| Fees for services: Other | $1,729,235 |
| Advertising and promotion | $182,590 |
| Office expenses | $479,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $428,546 |
| Travel | $40,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,482,226 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,792 |
| Insurance | $45,392 |
| All other expenses | $141,417 |
| Total functional expenses | $11,741,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,642 |
| Savings and temporary cash investments | $1,371,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,382,664 |
| 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 | $127,263 |
| Net Land, buildings, and equipment | $175,470 |
| Investments—publicly traded securities | $5,794,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,535 |
| Total assets | $9,206,006 |
| Accounts payable and accrued expenses | $602,750 |
| Grants payable | $0 |
| Deferred revenue | $1,103,119 |
| 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 | $749,812 |
| Total liabilities | $2,455,681 |
| Net assets without donor restrictions | $6,750,325 |
| 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 | $9,206,006 |
Grants Awarded
Over the last fiscal year, Argentum has awarded $22,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $12,500 |
ALZHEIMERS ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Argentum has recieved totaling $104,072.
| Awarding Organization | Amount |
|---|---|
National Investment Center For Seniors Housing & Care Inc Annapolis, MD PURPOSE: RESEARCH SPONSORSHIP | $104,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Care Aware Of America Arlington, VA | $36,492,404 | $25,195,025 |
American Counseling Association Alexandria, VA | $14,639,083 | $13,290,676 |
Argentum Alexandria, VA | $9,206,006 | $17,911,647 |
Council On Social Work Education Inc Alexandria, VA | $11,218,619 | $7,746,667 |
Community Action Partnership Washington, DC | $5,948,943 | $6,072,834 |
National Assoc Of State Directors Of Developmental Disabilities Ser Alexandria, VA | $4,797,469 | $4,767,527 |
Association On Higher Education And Disability Huntersville, NC | $1,614,411 | $3,202,543 |
Homeward Richmond, VA | $3,517,405 | $5,310,962 |
Alexander Graham Bell Association For The Deaf And Hard Of Hearing Washington, DC | $16,431,886 | $6,855,685 |
Council On Quality & Leadership In Supports For People With Disabilit Towson, MD | $4,627,496 | $2,116,907 |
North Carolina Victim Assistance Network-Nc Van Raleigh, NC | $110,093 | $1,278,918 |
National Early Childhood Program Accreditation Commission Inc Merrifield, VA | $762,061 | $1,039,202 |