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36 2014 AARP ANNUAL REPORT
SUMMARY OF 2014 AARP
CONSOLIDATED FINANCIAL STATEMENTS
The following summary of financial information is derived from the audited consolidated
financial statements of activities and financial position of AARP and its affiliates for the year
ending December 31, 2014.
OPERATING REVENUE:
AARP’s consolidated operating revenues
in 2014 were slightly higher than they were
in 2013. Year-end operating revenues were
$1.49 billion, as compared with $1.44 billion
in 2013. The biggest driver for this increase
resulted from increased royalties.
EXPENSES:
AARP’s consolidated operating expenses
for 2014 increased slightly from 2013. Year-
end operating expenses were $1.47 billion,
as compared to $1.40 billion in 2013. These
expenditures covered a wide range of
initiatives, including trustworthy publications;
advocacy, information and services on health
security, financial resilience and personal
fulfillment; 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.
At year’s end, AARP’s consolidated
statement of financial position (balance
sheet) reflected total assets of nearly $3.6
billion, enabling the Association to remain
well-positioned to advance its mission of
helping people 50-plus improve the quality
of their lives.
NOTE: The complete AARP 2014
Consolidated Financial Statements with
Independent Auditor’s Report is available at
www.aarp.org/about-aarp/annual-reports/.