AARP 2013 Annual Report Download - page 53

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2013 AARP ANNUAL REPORT — 51
The following summary of financial information is derived from the audited consolidated statements of activities and financial position of
AARP and its affiliates for the year ending December 31, 2013.
OPERATING REVENUE:
AARP’s consolidated operating revenues
in 2013 were slightly higher than they were
in 2012. Year-end operating revenues were
$1.44 billion, as compared with $1.39 billion
in 2012. Noteworthy increases in revenue
came from membership dues, advertising
and royalties.
EXPENSES:
AARP’s consolidated operating expenses
for 2013 increased slightly from 2012.
Year-end operating expenses were $1.40
billion, as compared to $1.35 billion in
2012. These 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 Life Reimagined
(which helps people navigate and adapt to
a new life stage).
Other non-operating activities included
items such as investment income and post-
retirement activity, as shown in our audited
financial statements.
By year’s end, AARP’s statement of financial
position reflected an increase in net assets
of more than $408.8 million, enabling the
Association to remain well-positioned to
advance its mission of helping people 50+
improve the quality of their lives.
NOTE: The complete AARP 2013
Consolidated Financial Statements with
Independent Auditors’ Report is available
at www.aarp.org/about-aarp/annual-reports/.
FINANCIAL STATEMENTS
SUMMARY OF 2013 CONSOLIDATED