黑料正能量Finances
Operating Revenues
Operating Revenue 2023
ASM's operating revenue, which excludes investment returns and revenues not generated from ASM's core activities, is earned across numerous revenue-producing activities. ASM's largest source of revenue in 2023 was journal article fees, followed by journal subscription sales and grants and contracts. The relative percentage of each revenue stream to total operating revenue for ASM's most recent fiscal year is noted above.
Operating Expenses
ASM’s expenses are allocated among the various programmatic areas during the preparation of the annual budget, which is approved by the 黑料正能量Finance Committee and the 黑料正能量Board of Directors. ASM’s operating expenses for the most recent fiscal year are noted below. Operating expenses exclude investment and interest expense.Net Assets
As of Dec. 31, 2023, ASM's net assets without donor restriction were approximately $114,629,100.
Investment Portfolio
ASM’s operations are supported by a significant and stable investment portfolio, which is leveraged through annual endowment-like transfers (i.e., the corpus is maintained in perpetuity and a portion of the earnings are allocated to the operating budget each year). The portfolio is well-diversified and is monitored closely by the 黑料正能量Investment Subcommittee and professional investment advisors. The historical trend of the investment portfolio balance and annual income is noted below.Financial Reports
Audited Financial Statements
ASM’s financial statements are audited by an independent audit firm at the conclusion of each fiscal year. These audits include procedures performed in accordance with Government Auditing Standards in years when ASM’s expenditures of federal awards exceed certain thresholds. ASM’s financial statements include the accounts of 黑料正能量Resources, Inc., ASM’s wholly-owned for-profit subsidiary.
IRS 990 Filings
The IRS Form 990 is the annual federal information return filed by all charitable corporations that are exempt from income tax. As a 501(c)(3) organization, 黑料正能量is required to file a Form 990. In addition to Form 990, 黑料正能量is required to file form 990T to report any unrelated business income. Information in these returns is presented in accordance with IRS regulations, which in some cases are at variance with generally accepted accounting principles.