Civic Intelligence

Agma Foundation

990 • Fiscal year 2019 • EIN 54-1601556

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 08, 2020

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

71st percentile

0.17x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

0.90x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

2nd percentile

-146%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

69th percentile

$55,692

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 52.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

8th percentile

-23%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$571,058

Down $166,602 (-23%) from 2018

Net Assets

Down

$475,595

Down $154,516 (-25%) from 2018

Liabilities

Down

$95,463

Down $12,086 (-11%) from 2018

Revenue

Down

$106,066

Down $22,547 (-18%) from 2018

Expenses

Up

$260,582

Up $41,758 (+19%) from 2018

Net Income

Down

-$154,516

Down $64,305 (-71%) from 2018

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

2019

Assets$571,058
Liabilities$95,463
Net Assets$475,595

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

2019

Revenue$106,066
Expenses$260,582
Net Income-$154,516
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 8, 2020
Return Version
2019v5.1
Gross Receipts
$106,066
Mission and Program Overview

Mission

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

Recruiting, educating, and keeping the power transmission workforce current with emerging technology

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$711,627$406,713▼ $304,914
Cash and Non-Interest-Bearing Accounts$16,091$158,599▲ $142,508
Pledges and Grants Receivable$4,250$4,025▼ $225
Land, Buildings, and Equipment, Net$5,692$1,721▼ $3,971
Total Assets$737,660$571,058▼ $166,602
Liabilities
Accounts Payable and Accrued Expenses$82,549$67,963▼ $14,586
Grants Payable$25,000$27,500▲ $2,500
Total Liabilities$107,549$95,463▼ $12,086
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$630,111$366,860▼ $263,251
Net Assets With Donor Restrictions-$108,735-
Total Net Assets Fund Balance$630,111$475,595▼ $154,516
Total Liabilities and Net Assets / Fund Balance$737,660$571,058▼ $166,602

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,721$32,268$33,989

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$104,250-▲ $13,247$5,000$112,489
2018$3,506$104,250-$3,506$104,250
2017$5,750--$2,244$3,506
2016$6,575--$825$5,750
2015$7,485--$910$6,575
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cindy BennettExecutive DirectorPT$55,692$55,692

Board Members and Trustees

NameTitle
Scott MillerChairman
Cory OoyenTrustee
George ThomasTrustee
Gregory M SchulteTrustee
Jack E MassethTrustee
James BregiTrustee
Justin McCarthyTrustee
MIke McKerninTrustee
Ruth JohnstonTrustee
Dean BurrowsSecretaryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,471
Program Service Revenue
$0
Investment Income
$74,595
Other Revenue
$0
All Other Contributions
$19,650
Change in Net Assets
$-154,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,408
Salaries, Compensation, and Employee Benefits$83,174
Grants and Similar Amounts Paid$55,000
Total Fundraising Expense$2,266
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$69,929$397$172$69,929
Current Officers, Directors, Trustees, and Key Employees$27,846$27,846-$55,692
Grants to Domestic Individuals$55,000--$55,000
Other Salaries and Wages$23,222--$23,222
Fees for Services Legal-$15,629-$15,629
Travel$8,357$7,219-$15,576
Depreciation Depletion-$6,036-$6,036
Payroll Taxes$2,130$2,130-$4,260
All Other Expenses$2,858$1,024-$3,882
Fees for Services Accounting-$3,500-$3,500
Conferences and Meetings-$3,435-$3,435
Office Expenses$13$263$2,094$2,370
Total Functional Expenses$190,326$67,990$2,266$260,582
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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

Organizational document changes Part VI line 4

The AGMA Foundation amended its Bylaws and Articles of Incorporation to give teh AGMA Board of Directors the authority to appoint the majority of AGMA Foundation Trustees, and to stagger Trustee terms so that no more the 1/2 of the Foundation Board rolls off in any one year.

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
7038380065
Signed
2020-07-08
Discuss with paid preparer
No

Organization Details

Formed
1990
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
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/ProgSrvcAccomActy2Grp/Desc0In 2019, the Foundation awarded 11 scholarships to engineering students at the Technical/Associate, Undergraduate and Graduate levels.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt083302
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt013247
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0140372
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt050000
IRS990/PYInvestmentIncomeAmt0-11759
IRS990/PYOtherExpensesAmt0105200
IRS990/PYRevenuesLessExpensesAmt0-90211
IRS990/PYSalariesCompEmpBnftPaidAmt063624
IRS990/PYTotalExpensesAmt0218824
IRS990/PYTotalRevenueAmt0128613
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-154516
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0true
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0530218918
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0AGMA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.67000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt08
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0104250
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0112489
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt013247
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt05000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03506
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0104250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0104250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt03506
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05750
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03506
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02244
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06575
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0825
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt07485
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06575
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0910
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01721
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032268
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033989
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.23000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01721
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt055000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt011
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Actual
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The AGMA Foundation amended its Bylaws and Articles of Incorporation to give teh AGMA Board of Directors the authority to appoint the majority of AGMA Foundation Trustees, and to stagger Trustee terms so that no more the 1/2 of the Foundation Board rolls off in any one year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Trustees review the form 990 return prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy statement is signed at the Annual Meeting by each Trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Chairman of the Foundation and the President of AGMA review the Executive Directors performance increase on a percentage agreed to by the AGMAs Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents are available to the public except the form 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0American Gear Manufacturers Assoc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0530218918
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Trade Association
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01001 North Fairfax Street 5th Floor
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Alexandria
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022314
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0102022
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt159952
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3Actual Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0American Gear Manufacturers Assoc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1American Gear Manufacturers Assoc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2American Gear Manufacturers Assoc

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