Civic Intelligence

Agma Foundation

990 • Fiscal year 2015 • EIN 54-1601556

Jan 01, 2015 to Dec 31, 2015 • Filed on May 20, 2016

1001 North Fairfax StreetAlexandria, VA 22314-1581

(703) 684-0211

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.06x

Higher debt load relative to assets than 55% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

0.64x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

3rd percentile

-128%

Higher net margin than 3% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

65th percentile

$48,012

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 56.3% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

24th percentile

-5.6%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-58%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$862,224

Up $218,295 (+34%) from 2011

Net Assets

Up

$807,675

Up $211,250 (+35%) from 2011

Liabilities

Up

$54,549

Up $7,045 (+15%) from 2011

Revenue

$85,229

No earlier filing loaded for comparison.

Expenses

Up

$193,970

Up $4,673 (+2.5%) from 2011

Net Income

-$108,741

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $643,724Liabilities 2010: $11,875Net Assets 2010: $631,8492010Assets 2011: $643,929Liabilities 2011: $47,504Net Assets 2011: $596,4252011Assets 2015: $862,224Liabilities 2015: $54,549Net Assets 2015: $807,6752015Assets 2016: $783,359Liabilities 2016: $52,274Net Assets 2016: $731,0852016Assets 2017: $808,071Liabilities 2017: $87,749Net Assets 2017: $720,3222017Assets 2018: $737,660Liabilities 2018: $107,549Net Assets 2018: $630,1112018Assets 2019: $571,058Liabilities 2019: $95,463Net Assets 2019: $475,5952019Assets 2020: $432,918Liabilities 2020: $20,000Net Assets 2020: $412,9182020Assets 2021: $406,997Liabilities 2021: $17,500Net Assets 2021: $389,4972021Assets 2022: $426,032Liabilities 2022: $32,228Net Assets 2022: $393,8042022Assets 2023: $434,912Liabilities 2023: $12,500Net Assets 2023: $422,4122023Assets 2024: $458,930Liabilities 2024: $25,213Net Assets 2024: $433,7172024

Highlighted filing

2015

Assets$862,224
Liabilities$54,549
Net Assets$807,675

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2010: $87,9012010Expenses 2011: $189,2972011Revenue 2015: $85,229Expenses 2015: $193,970Net Income 2015: -$108,7412015Revenue 2016: $152,096Expenses 2016: $228,686Net Income 2016: -$76,5902016Revenue 2017: $171,637Expenses 2017: $182,400Net Income 2017: -$10,7632017Revenue 2018: $128,613Expenses 2018: $218,824Net Income 2018: -$90,2112018Revenue 2019: $106,066Expenses 2019: $260,582Net Income 2019: -$154,5162019Revenue 2020: $59,717Expenses 2020: $122,394Net Income 2020: -$62,6772020Revenue 2021: $55,734Expenses 2021: $79,155Net Income 2021: -$23,4212021Revenue 2022: $95,403Expenses 2022: $58,345Net Income 2022: $37,0582022Revenue 2023: $92,617Expenses 2023: $81,423Net Income 2023: $11,1942023Revenue 2024: $76,899Expenses 2024: $97,861Net Income 2024: -$20,9622024

Highlighted filing

2015

Revenue$85,229
Expenses$193,970
Net Income-$108,741
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 20, 2016
Return Version
2015v2.1
Gross Receipts
$85,229
Mission and Program Overview

Mission

To support and strengthen education,training and research for the gear industry

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$812,023$712,065▼ $99,958
Cash and Non-Interest-Bearing Accounts$62,938$60,194▼ $2,744
Prepaid Expenses and Deferred Charges$43,048$58,578▲ $15,530
Land, Buildings, and Equipment, Net$31,360$24,847▼ $6,513
Pledges and Grants Receivable$7,450$6,540▼ $910
Total Assets$956,819$862,224▼ $94,595
Liabilities
Accounts Payable and Accrued Expenses$22,653$28,049▲ $5,396
Grants Payable$17,750$26,500▲ $8,750
Total Liabilities$40,403$54,549▲ $14,146
Net Assets / Fund Balance
Unrestricted Net Assets$908,931$801,100▼ $107,831
Temporarily Rstr Net Assets$7,485$6,575▼ $910
Total Net Assets Fund Balance$916,416$807,675▼ $108,741
Total Liabilities and Net Assets / Fund Balance$956,819$862,224▼ $94,595

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,847$9,642$34,489

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$7,485--$910$6,575
2014$151,730--$144,245$7,485
2013$151,730---$151,730
2012$151,730---$151,730
2011$151,730---$151,730
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cindy BennettExecutive DirectorPT$47,071$941$48,012

Board Members and Trustees

NameTitle
Louis ErtelAGMA Chairman Emeritus
Scott MillerChairman
David BallardTrustee
Gordon NewTrustee
Gregory SchulteTrustee
Jack MasserthTrustee
Jack NowlinTrustee
Joe MarkiewiczTrustee
John WinzelerTrustee
Matt MondekTrustee
Scott MossTrustee
Sylvia WetzelTrustee
Adam ArtersSecretaryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,402
Program Service Revenue
$0
Investment Income
$-7,173
Other Revenue
$0
Change in Net Assets
$-108,741

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,229
Total Revenue per Audited Statements
$85,229
Total Revenue per Form 990
$85,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$114,470
Salaries, Compensation, and Employee Benefits$51,422
Total Fundraising Expense$42,545
Other Expenses$28,078
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$84,470--$84,470
Other Salaries and Wages$9,414$9,414$28,243$47,071
Grants to Domestic Individuals$30,000--$30,000
Other Expenses-$407$7,814$7,814
Depreciation Depletion-$6,513-$6,513
Payroll Taxes$682$682$2,046$3,410
Travel-$3,332-$3,332
Fees for Services Accounting-$3,000-$3,000
Conferences and Meetings-$2,738-$2,738
All Other Expenses-$150$2,151$2,301
Pension Plan Contributions$188$188$565$941
Office Expenses-$48$365$413
Total Functional Expenses$124,754$26,671$42,545$193,970

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$193,970
Total Expenses per Audited Statements$193,970
Total Expenses per Form 990$193,970
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Gear Manufacturers AssocAlexandria, VA501c6Support 100 Year Centennial Celebration$84,470
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$20,250$20,250$822$19,428
Golf Tourn$654$654$53$601
Total Events$20,904$20,904$875$20,029
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Board of Trustees review the form 990 return prior to filing.

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy statement is signed at the Annual Meeting by each Trustee.

CEO executive director top management comp Part VI line 15A

The Chairman of the Foundation and the President of AGMA review the Executive Directors performance increase on a percentage agreed to by the AGMAs Board.

Governing documents etc available to public Part VI line 19

No documents are available to the public except the form 990.

Filing and Contact Details

Filer

Filer Name
AGMA Foundation Inc
EIN
54-1601556
Address
1001 North Fairfax Street, Alexandria, VA 22314-1581

Signing Officer

Name
Cindy Bennett
Title
Executive Direc
Phone
7036840211
Signed
2016-05-20
Discuss with paid preparer
No

Organization Details

Formed
1990
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
10

Preparer

Firm
Blythe International Ltd
Address
8004 Springfield Village Drive, Springfield, VA 22152
Preparer
Michael B Saylor
Phone
7034027970
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IRS990/OtherExpensesGrp/Desc3InKind Expenses
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IRS990/OtherExpensesGrp/FundraisingAmt17814
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0175
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt124
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2407
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IRS990/OtherExpensesGrp/TotalAmt11385
IRS990/OtherExpensesGrp/TotalAmt2407
IRS990/OtherExpensesGrp/TotalAmt37814
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IRS990/PayrollTaxesGrp/FundraisingAmt02046
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IRS990/PensionPlanContributionsGrp/FundraisingAmt0565
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0188
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0188
IRS990/PensionPlanContributionsGrp/TotalAmt0941
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07450
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06540
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IRS990/ProgSrvcAccomActy2Grp/Desc0Provide scholarships to assist engineering students whose programs focus on technology and gear research.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Organization qualified under 501c4 5 or 6Part IV 3b
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07485
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0151730
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0151730
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
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IRS990ScheduleD/EquipmentGrp/BookValueAmt024847
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09642
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0875
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06

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