Founded: 1958
Members: 35 million
Minimum age for membership: 50
Annual membership fee: $12.50
2002 revenue: $636 million
Revenue sources:
. Membership dues: $186 million
. Royalties, advertising and member services: $333 million
. Federal and other grants: $61 million
. Investments: $56 million
2002 expenditures: $621 million
Spending:
. Membership development: $40 million
. Legislation and research: $57 million
. Member services: $128 million
. Management: $91 million
. Programs and field services: $163 million
. Publications: $142 million
2003 Washington lobbying, January-June: $4.5 million
Employees: 2,000
Executive Director William Novelli’s annual salary: $458,468, plus $9,266 expense account.
Former executive director Horace Deets’ deferred compensation package: $2.65 million.
Registration with IRS: 501(c)4, a tax-exempt social welfare organization.
Related entities: At least seven, including AARP Services Inc., a taxable, for-profit subsidiary; AARP Properties LCC; AARP Financial Services Corp.; AARP FSC LLC, which owns and operates a parking garage at the group’s Washington headquarters; AARP Foundation; Legal Counsel for the Elderly.
Source: AARP
Comments
comments for this post are closed