AARP 2012 Annual Report Download - page 27

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26 AARP 2012 YEAR IN REVIEW
The following summary of financial information is derived from the consolidated
statements of activities and financial position of AARP and its affiliates for the year ending
December 31, 2012.
REVENUE:
AARP’s total consolidated operating revenues in 2012 were slightly higher than they were
in 2011. Year-end total operating revenues were $1.39 billion, as compared with $1.34
billion in 2011. Noteworthy increases in revenue came from both membership dues and
royalties ($15 million and $19 million, respectively).
EXPENSES:
Total consolidated operating expenses for 2012 increased slightly from 2011. Year-end
total operating expenses were $1.35 billion, as compared to $1.26 billion in 2011. These
additional expenditures covered a wide range of initiatives, including You’ve Earned a
Say (a nonpartisan initiative to strengthen Medicare and Social Security), Drive to End
Hunger (a multiyear nationwide campaign to alleviate hunger), and development of Life
Reimagined (which will help people navigate and adapt to a new life stage).
By year’s end, AARP’s statement of financial position reflected an increase in net assets
of more than $98 million, considerably exceeding our budgeted plan by $71 million. This
has enabled the Association to remain well-positioned to advance its mission of helping
people 50+ improve the quality of their lives.
NOTE: The complete AARP 2012 Consolidated Financial Statements with Independent
Auditors’ Report is available at www.aarp.org/about-aarp/annual-reports/.
Summary of 2012
AARP Consolidated