AARP

EIN: 951985500 Civil Rights & Advocacy

Washington, DC

Total Revenue
$10,969,160,920
Total Expenses
$1,773,489,042
Total Assets
$13,056,882,027
Net Assets
$12,139,113,615
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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
DC
Principal Officer
Scott M Frisch
Phone
2024347578
Tax Period
2024-01-01 to 2024-12-31

AARP, founded in 1958, is a large national nonprofit in the Civil Rights & Advocacy sector that reported $11.0B in total revenue in fiscal year 2024. Revenue surged 530% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2B, a strong 84% operating margin.

Mission

AARP is a nonprofit, nonpartisan organization empowering people to choose how they live as they age. AARP champions positive social change and delivers value through advocacy, information, and service. AARP's vision is a society in which everyone lives with dignity and purpose, and fulfills their goals and dreams.

Program Service Accomplishments

Program 1
Expenses: $487,151,192 Revenue: $578,099

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...

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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. "AARP The Magazine" includes the key areas of health, personal finance, work/life transitions, and personal enrichment. AARP also publishes 10 issues of "AARP Bulletin," which reports on such issues as Social Security, Medicare, and topics related to work, saving money, retirement, pensions, health, and quality of life. "AARP The Magazine and "AARP Bulletin," provided to all AARP member households, and part of these publications are also made available to the public online and otherwise.AARP also communicates with members and non-members through its award-winning website, mobile apps, broadcast studio productions, social media, and various other platforms to provide information that is engaging, informative, and useful and to ensure that positive images of aging are reflected in society.

Program 2
Expenses: $462,789,107 Revenue: $8,056,711

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...

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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. AARP's 53 state and territorial offices offer needed assistance, information, and support to Americans 50+ at the state and local levels. This includes a wide range of community-based activities that engage the diverse 50+ population and their families, such as educational programs, health fairs, career expos, and volunteer opportunities. An important element of our state and local work is grassroots advocacy on state and local legislative and regulatory issues, including utility rates, caregiving, and work and save programs.AARP also advances our policy agenda at the national level through advocacy that proactively addresses issues important to people 50+, including caregiving, health, saving and planning, Social Security, and age-based discrimination. Underlying our policy agenda is the in-depth research conducted by AARP, which also provides a foundation for our program development and for the information we provide on key issues affecting 50+ Americans, including, in addition to those listed above, livable communities, work and careers, and more. AARP offers training and education programs that help people 50+ improve their lives, such as AARP Driver Safety courses and local workshops and activities on matters such as fraud prevention.AARP also facilitates the participation of 50+ Americans in bringing about positive social change in America. Initiatives include Create the Good, which connects individuals to a network of people, tools, and time-flexible volunteer opportunities; Andrus Awards for Community Service, which recognize people who have made a difference in their communities in ways that support AARP's mission, vision, and direction; AARP Purpose Prize awards, which support AARP's mission by honoring extraordinary people ages 50 and older who tap into the power of life experience to build a better future for us all; and the work of AARP Chapters, which engage members in community service and fellowship.

Program 3
Expenses: $248,238,624 Revenue: $264,929

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...

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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. Assistance for members is available through a contact center reachable by phone or online, which also provides assistance to non-members who contact us.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $394,574,011
Program Service Revenue $188,508,543
Investment Income $448,326,777
Other Revenue $9,937,751,589
TOTAL REVENUE $10,969,160,920

Expense Breakdown

Grants Paid $39,872,182
Salaries & Benefits $424,518,765
Fundraising Expenses $11,648,590
Program Expenses $1,501,227,514
Other Expenses $1,308,559,363
TOTAL EXPENSES $1,773,489,042

Year-over-Year Comparison

2024 2023 Change
Revenue $10,969,160,920 $1,741,888,321 +5.3%
Expenses $1,773,489,042 $1,726,170,779 +0.0%
Net Income $9,195,671,878 $15,717,542 +584.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
2187
Volunteers
20977

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$5,001,346
Total Directors
14
$3,294,528
Key Employees
9
$6,069,699
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lloyd Johnson Board Chair 10.00
Director
$7,971 $0 $7,971
Margot James Copeland First Vice Chair 5.00
Director
$0 $0 $0
Robert Blancato Second Vice Chair 7.00
Director
$0 $0 $0
Joseph F Coughlin Director 5.00
Director
$0 $0 $0
Jeffrey D Dunn Director 5.00
Director
$0 $0 $0
Elizabeth Ellard Director 5.00
Director
$0 $0 $0
Rosanna A Marquez Director 5.00
Director
$913 $0 $913
Alan Murray Director 5.00
Director
$0 $0 $0
Julio A Portalatin Director - until 6/13/2024 5.00
Director
$0 $0 $0
Marie Quintero-Johnson Director 5.00
Director
$0 $0 $0
Libby Sartain Director 5.00
Director
$0 $0 $0
David Windley Director 5.00
Director
$0 $0 $0
Jo Ann Jenkins CEO (until 11/8/2024) 40.00
Officer Director
$2,746,855 $124,965 $2,871,820
Dr Myechia Minter-Jordan CEO (as of 11/11/2024) 40.00
Officer Director
$400,117 $13,707 $413,824
Scott M Frisch EVP & COO 40.00
Officer
$1,024,073 $75,492 $1,099,565
Nancy M Smith EVP & Corporate Secretary 40.00
Officer
$567,032 $49,105 $616,137
Nancy A LeaMond EVP - Advocacy & Engagemen 40.00
Key Emp
$879,502 $48,853 $928,355
Martha Boudreau EVP & Chief Comm & Mktg (until 11/29/2024) 40.00
Key Emp
$771,916 $65,008 $836,924
Kevin Donnellan EVP & Chief of Staff 40.00
Key Emp
$630,155 $64,466 $694,621
David C Morales EVP & General Counsel 40.00
Key Emp
$587,580 $75,491 $663,071
Debra B Whitman EVP & Public Policy Officer 40.00
Key Emp
$576,926 $75,493 $652,419
Edna Kane-Williams EVP & Chief Diversity Officer 40.00
Key Emp
$548,532 $57,075 $605,607
Sami Hassanyeh Interim EVP & Chief Comm & Mktg Off (as of 11/29) 40.00
Key Emp
$529,734 $64,465 $594,199
Karen L Mercer SVP & AARP Treasurer 40.00
Key Emp
$466,489 $65,794 $532,283
Myrna Blyth SVP & Editorial Director 40.00
Key Emp
$513,366 $48,854 $562,220
Kevin Belli SVP - Financial Planning & Analysis 40.00
Highest
$535,062 $75,493 $610,555
Kristin Dillon SVP - States & Community Engage 40.00
Highest
$512,678 $68,588 $581,266
Doris Dickens Gilliam Associate General Counsel 40.00
Highest
$492,821 $62,178 $554,999
William J Sweeney SVP Government Affairs 40.00
Highest
$490,780 $65,793 $556,573
John Francis Hishta SVP Campaigns 40.00
Highest
$484,315 $64,462 $548,777
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $10,969,160,920 $1,773,489,042 $13,056,882,027 $9,195,671,878
2023 $1,741,888,321 $1,726,170,779 $3,677,175,849 $15,717,542
2022 $1,812,434,007 $1,721,115,142 $3,347,789,703 $91,318,865
2021 $2,000,787,159 $1,643,888,800 $3,470,371,816 $356,898,359
2020 $1,654,938,812 $1,599,645,724 $3,002,043,536 $55,293,088
2019 $1,752,770,442 $1,612,979,346 $2,781,538,281 $139,791,096
2019 $1,752,770,442 $1,612,979,346 $2,781,538,281 $139,791,096
2018 $1,834,948,495 $1,588,484,497 $2,483,898,934 $246,463,998
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