2020-11-13T15:34:45-06:00 2019-12-31 390919055 RITZ HOLMAN LLP 330 E KILBOURN AVE MILWAUKEE WI 53202 990 2019-01-01 610705416 AGRICULTURAL & APPLIED ECONOMICS ASSOCIATION AGRI 4149183190 555 E WELLS STREET NO 1100 MILWAUKEE WI 53202 DAWN THILMANY MCFADDEN PRESIDENT 4149183190 2020-11-13 1 KATY L SOMMER P00273273 4142711451 2020-11-11 38.71.64.105 2020-11-13 15:31:46 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 04326551E785102FA6E4817A0E2435091CF4426A 2019 2021-01-29 14:40:06Z DAWN THILMANY MCFADDEN 555 E WELLS STREET NO 1100 MILWAUKEE WI 53202 1825775 0 X WWW.AAEA.ORG X 1967 IA THE ASSOCIATION IS A PROFESSIONAL SOCIETY COMMITTED TO FURTHERING KNOWLEDGE ABOUT THE ECONOMICS OF AGRICULTURE, RURAL COMMUNITIES, AND NATURAL RESOURCES. 12 12 0 12 37400 30809 11126 189755 1196051 1195336 244814 440684 0 0 1451991 1825775 111326 92265 0 0 0 0 0 0 0 1272466 1343709 1383792 1435974 68199 389801 5747412 6793552 248402 163440 5499010 6630112 X THE ASSOCIATION IS A PROFESSIONAL SOCIETY COMMITTED TO FURTHERING KNOWLEDGE ABOUT THE ECONOMICS OF AGRICULTURE, RURAL COMMUNITIES, AND NATURAL RESOURCES. 0 0 547494 9000 549298 ANNUAL MEETING: THE ORGANIZATION'S ANNUAL MEETING INCLUDES VARIOUS EDUCATIONALSESSIONS ON TOPICS IN AGRICULTURAL ECONOMICS INCLUDING INVITED PAPER SESSIONS, PREAND POST CONFERENCE WORKSHOPS & POSTER SESSIONS. OTHER EVENTS INCLUDE THE KEYNOTEAND PRESIDENTIAL SPEECHES AS WELL AS AN EMPLOYMENT CENTER. 74071 95265 PUBLICATIONS: THE AMERICAN JOURNAL OF AGRICULTURAL ECONCOMICS (AJAE) IS THE LEADING JOURNAL OF AGRICULTURAL ECONOMICS. AJAE PROVIDES A FORUM FOR CREATIVE & SCHOLARLY WORK ON ECONOMICS OF AGRICULTURE AND FOOD, NATURAL RESOURCES AND THE ENVIRONMENT. ANOTHER JOURNAL PRODUCED BY AAEA, THE APPLIED ECONOMIC PERSPECTIVE & POLICY, AIMS TO PRESENT HIGH-QUALITY RESEARCH IN A FORUM THAT IS INFORMATIVE TO A BROAD AUDIENCE, BOTH INSIDE AND OUTSIDE ACADEMIA. 135345 60972 AAEA TRUST: THE TRUST IS FORMED WITHIN THE ASSOCATION FOR THE PURPOSE OF SOLICITING FUNDS AND BUILDING AN ENDOWMENT TO SUPPORT PROGRAMS BEYOND THOSE THAT CAN BE FUNDED THROUGH THE ASSOCIATION'S OPERATING BUDGET. 484567 22293 513373 OTHER PROGRAM SERVICE ACTIVITY FOR THE ASSOCIATION INCLUDES THE NEWSLETTER, WEBSITE, OUTREACH, SECTION ACTIVITY, AND OTHER MEETINGS AND CONFERENCES. 484567 22293 513373 1241477 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X EXECUTIVE DIRECTOR INC 4142766445 555 E WELLS ST STE 1100 MILWAUKEE WI 53202 X KEITH COBLE PRESIDENT 2.00 X X 0 0 0 MADHU KHANNA DIRECTOR 1.00 X 0 0 0 JEFFREY H DORFMAN DIRECTOR 1.00 X 0 0 0 DAWN THILMANY MCFADDEN PRESIDENT ELECT 2.00 X X 0 0 0 DAVID ZILBERMAN PAST PRESIDENT 2.00 X X 0 0 0 KATHY BAYLIS DIRECTOR 1.00 X 0 0 0 MARC BELLEMARE DIRECTOR 1.00 X 0 0 0 NORBERT WILSON DIRECTOR 1.00 X 0 0 0 RODOLFO NAYGA DIRECTOR 1.00 X 0 0 0 TIMOTHY BEATTY DIRECTOR 1.00 X 0 0 0 ELENA IRWIN DIRECTOR 1.00 X 0 0 0 SCOTT SWINTON DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 EXECUTIVE DIRECTOR INC 555 E WELLS ST STE 1100 MILWAUKEE WI 53202 MANAGEMENT 605839 1 189755 189755 ANNUAL MEETING 900099 549298 549298 OUP ROYALTIES 900099 275000 275000 MEMBERSHIP DUES & ETC. 900099 147158 147158 PUBLICATIONS 900099 95265 95265 SECTIONS INCOME 900099 54921 54921 73694 36294 37400 1195336 218855 218855 221829 0 221829 221829 221829 1825775 1157936 37400 440684 21017 21017 35780 35780 35468 35468 605839 516963 88876 139 139 9900 9900 18297 18297 7159 7159 44859 22566 22293 23937 22784 1153 23325 19749 3576 300815 284134 16681 16574 1204 15370 JOURNAL EXPENSES 85182 85182 C-FARE EXPENSES 77422 77422 IAAE SUPPORT 30678 30678 SECTIONS EXPENSE 30255 30255 69328 51116 18212 1435974 1241477 194497 0 33155 225880 127746 28136 6048 3390 30812 38721 5549651 6493466 0 3959 5747412 6793552 34749 18186 83245 77045 130408 68209 248402 163440 X 5273352 6417435 225658 212677 5499010 6630112 5747412 6793552 389801 741301 0 X 0 1 X 1 0 X 206576 171944 191323 169601 189755 929199 934101 1014078 953077 994876 1157936 5054068 1140677 1186022 1144400 1164477 1347691 5983267 100000 100000 0 100000 100000 5883267 183910 146939 250922 244814 218855 1045440 183910 146939 250922 244814 218855 1045440 35366 37246 43400 42700 37400 196112 1131 477 1608 1361084 1370684 1438722 1451991 1603946 7226427 0.81410 0.82040 0.14470 0.14400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 165658 131249 296907 194664 -29006 165658 161715 32949 194664 128981 7000 25734 161715 131474 -2493 128981 1.00000 0 0 0 DUES COLLECTED FOR OTHER ASSOCIATIONS 4895 DEFERRED USDA ERS GRANT 63064 DUE TO WAEA 250 68209 X 2548779 741301 741301 1807478 18297 18297 1825775 1417677 0 1417677 18297 18297 1435974 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES, PRIMARILY EMPLOYMENT SERVICE INCOME, IS NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE AND IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. AS OF DECEMBER 31, 2019, THE ASSOCIATION HAD A TAX ASSET OF $3,959 FOR ESTIMATED PAYMENTS IN EXCESS OF ACTUAL UNRELATED BUSINESS INCOME TAX (UBIT). ESTIMATED TAX PAYMENTS AND PRIOR YEAR OVERPAYMENTS APPLIED TO 2019 TAX TOTALED $13,062. THE TOTAL UNRELATED BUSINESS INCOME TAX EXPENSE FOR THE YEAR ENDED WAS $9,103. MANAGEMENT HAS REVIEWED ALL TAX POSITIONS RECOGNIZED IN PREVIOUSLY FILED TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS AND THOSE EXPECTED TO BE TAKEN IN FUTURE TAX RETURNS. AS OF DECEMBER 31, 2019, THE ASSOCIATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE ASSOCIATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. THE ASSOCIATION IS CURRENTLY NOT UNDER AUDIT BY ANY FEDERAL OR STATE TAXING AUTHORITY. 1 0 0 0 0 0 0 0 0 0 GRADUATE STUDENT TRAVEL AWARD SOUTH AMERICA 2 4360 WIRE FMV GRADUATE STUDENT TRAVEL AWARD SUB-SAHARAN AFRICA 2 1860 WIRE FMV GRADUATE STUDENT TRAVEL AWARD EAST ASIA & THE PACIFIC 7 6045 WIRE FMV GRADUATE STUDENT TRAVEL AWARD SOUTH ASIA 5 4650 WIRE FMV GRADUATE STUDENT TRAVEL AWARD EUROPE 4 3390 WIRE FMV UMA LELE MENTORSHIP AWARD SOUTH ASIA 1 5000 WIRE FMV AFRICA INTETEREST SECTION AWARD SUB-SAHARAN AFRICA 3 9663 WIRE FMV ANNUAL MEETING AWARD EUROPE 1 500 WIRE FMV 0 0 0 0 0 0 PART I, LINE 2: AAEA HAS AN AWARDS COMMITTEE THAT IS RESPONSIBLE FOR ENCOURAGING AWARD NOMINATIONS, CHOOSING THE WINNERS OF ALL AAEA AWARDS EXCEPT THE AAEA FELLOWS, AND FOR MANAGING THE AWARDS PROGRAM. THE CHAIR AND THE SUBCOMMITTEE CHAIRS ALSO ARE RESPONSIBLE FOR MAKING POLICY RECOMMENDATIONS TO THE EXECUTIVE BOARD CONCERNING AAEA AWARDS. RECOMMENDATION TOPICS INCLUDE THE NUMBER AND DELINEATION OF AWARD CATEGORIES, DEVELOPMENT OF APPROPRIATE EVALUATION CRITERIA, METHODS TO ENCOURAGE NOMINATIONS, APPROPRIATE RECOGNITION OF AWARD RECIPIENTS, AND THE AWARDS PROGRAM FORMAT. PART III ACCOUNTING METHOD: 1 COUNCIL ON FOOD AGRICULTURE & RESOURCE ECON 555 E WELLS STREET SUITE 1100 MILWAUKEE WI 53202 363929032 501(C)(3) 14017 FMV ANNUAL SUPPORT UNIVERSITY OF MN FOUND 83 MAGRATH LIBRARY ST PAUL MN 55108 416007513 501(C)(3) 7000 FMV AGECON SEARCH SUPPORT 2 MCCORKLE SCHOLARSHIP 1 2000 FMV SYLVIA LANE MENTORSHIP 1 2500 FMV GRANO FELLOWSHIP AWARD 1 1143 FMV AARES EXCHANGE PROGRAM 1 1503 FMV GRADUATE STUDENT TRAVEL AWARDS 26 12504 FMV ANNUAL MEETING AWARD 5 4000 FMV INTEREST SECTIONS AWARD 34 12130 FMV PART I, LINE 2: AAEA HAS AN AWARDS COMMITTEE THAT IS RESPONSIBLE FOR ENCOURAGING AWARD NOMINATIONS, CHOOSING THE WINNERS OF ALL AAEA AWARDS EXCEPT THE AAEA FELLOWS, AND FOR MANAGING THE AWARDS PROGRAM. THE CHAIR AND THE SUBCOMMITTEE CHAIRS ALSO ARE RESPONSIBLE FOR MAKING POLICY RECOMMENDATIONS TO THE EXECUTIVE BOARD CONCERNING AAEA AWARDS. RECOMMENDATION TOPICS INCLUDE THE NUMBER AND DELINEATION OF AWARD CATEGORIES, DEVELOPMENT OF APPROPRIATE EVALUATION CRITERIA, METHODS TO ENCOURAGE NOMINATIONS, APPROPRIATE RECOGNITION OF AWARD RECIPIENTS, AND THE AWARDS PROGRAM FORMAT. FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - AAEA CONTRACTS WITH EXECUTIVE DIRECTOR INC. (A FOR-PROFIT MANAGEMENT COMPANY) TO PROVIDE OFFICE FACILITIES, MANAGEMENT, RECORD KEEPING, ACCOUNTING, STORAGE, OTHER SIGNIFICANT SERVICES, PLUS RELATED OVERHEAD COSTS. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ALL BYLAW CHANGES HAVE TO BE APPROVED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - AFTER THE FORM 990 IS COMPLETED, IT IS MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS AND REVIEWED IN DEPTH BY THE FINANCE/AUDIT COMMITTEE OF THE ORGANIZATION. AFTER A RECOMMENDATION TO THE BOARD BY THIS COMMITTEE, AN OFFICER OF THE ORGANIZATION SIGNS THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AAEA'S OFFICERS, BOARD MEMBERS, & COMMITTEE MEMBERS ARE REQUIRED ANNUALLY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. AAEA'S GOVERNING BOARD HAS FINAL SAY AS TO DETERMINING CORRECTIVE MEASURES FOR SUCH CONFLICTS. CORRECTIVE MEASURES AT THE VERY MINIMUM INCLUDE DISCLOSURE TO THE GOVERNING BODY, BUT ALSO MAY INCLUDE RECUSAL OR RESIGNATION FROM ASSIGNED DUTIES. FORM 990, PART VI, SECTION B, LINE 15 AAEA IS MANAGED BY EXECUTIVE DIRECTOR INC. (A FOR-PROFIT MANAGEMENT COMPANY). AAEA HAS NO OFFICIAL EMPLOYEES, BECAUSE ALL STAFF ASSIGNED TO AAEA ARE EMPLOYEES OF THE MANAGEMENT COMPANY. AAEA ALSO DOES NOT COMPENSATE DIRECTORS OR OTHER TOP OFFICIALS. AAEA IS MANAGED BY EXECUTIVE DIRECTOR INC. (A FOR-PROFIT MANAGEMENT COMPANY). AAEA HAS NO OFFICIAL EMPLOYEES, BECAUSE ALL STAFF ASSIGNED TO AAEA ARE EMPLOYEES OF THE MANAGEMENT COMPANY. AAEA ALSO DOES NOT COMPENSATE DIRECTORS OR OTHER TOP OFFICIALS. FORM 990, PART VI, SECTION C, LINE 19 AAEA'S 990 & 990-T ARE AVAILABLE TO THE PUBLIC UPON REQUEST. AAEA'S POLICIES ARE EITHER POSTED ON THE WEBSITE AND THOSE THAT ARE NOT POSTED ARE AVAILABLE UPON REQUEST.