Civic Intelligence

Agma Foundation

990 • Fiscal year 2020 • EIN 54-1601556

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 08, 2021

1001 North Fairfax Street STE 500Alexandria, VA 22314-1581

(703) 684-0211

Siviq Scores

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

Liabilities / Assets

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.33x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

7th percentile

-105%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$49,500

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 82.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

17th percentile

-24%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-44%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$432,918

Down $138,140 (-24%) from 2019

Net Assets

Down

$412,918

Down $62,677 (-13%) from 2019

Liabilities

Down

$20,000

Down $75,463 (-79%) from 2019

Revenue

Down

$59,717

Down $46,349 (-44%) from 2019

Expenses

Down

$122,394

Down $138,188 (-53%) from 2019

Net Income

Up

-$62,677

Up $91,839 (+59%) from 2019

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

2020

Assets$432,918
Liabilities$20,000
Net Assets$412,918

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

2020

Revenue$59,717
Expenses$122,394
Net Income-$62,677
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 8, 2021
Return Version
2020v4.1
Gross Receipts
$59,717
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$406,713$417,259▲ $10,546
Cash and Non-Interest-Bearing Accounts$158,599$9,660▼ $148,939
Pledges and Grants Receivable$4,025$3,550▼ $475
Land, Buildings, and Equipment, Net$1,721$1,377▼ $344
Accounts Receivable-$1,072-
Total Assets$571,058$432,918▼ $138,140
Liabilities
Accounts Payable and Accrued Expenses$67,963--
Grants Payable$27,500$20,000▼ $7,500
Total Liabilities$95,463$20,000▼ $75,463
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$366,860$303,703▼ $63,157
Net Assets With Donor Restrictions$108,735$109,215▲ $480
Total Net Assets Fund Balance$475,595$412,918▼ $62,677
Total Liabilities and Net Assets / Fund Balance$571,058$432,918▼ $138,140

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,377$32,612$33,989

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$112,489-▲ $6,890-$113,444
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cindy BennettExecutive DirectorPT$49,500$49,500

Board Members and Trustees

NameTitle
Dean BurrowsChairman
Mary Ellen DoranExecutive Director
Cory OoyenTrustee
George ThomasTrustee
Gregory M SchulteTrustee
Jack E MassethTrustee
James BregiTrustee
Justin McCarthyTrustee
Mike McKerninTrustee
Ruth JohnstonSecretaryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,126
Program Service Revenue
$0
Investment Income
$21,591
Other Revenue
$0
All Other Contributions
$38,126
Change in Net Assets
$-62,677

Audited Revenue Reconciliation

Revenue per Audited Statements
$59,717
Total Revenue per Audited Statements
$59,717
Total Revenue per Form 990
$59,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$57,716
Grants and Similar Amounts Paid$40,000
Other Expenses$24,678
Total Fundraising Expense$14,081
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$49,450-$49,450
Grants to Domestic Individuals$40,000--$40,000
Other Expenses$727$416$12,273$12,689
Pension Plan Contributions-$4,483-$4,483
Payroll Taxes-$3,783-$3,783
Fees for Service Investment Mgmnt Fees$3,544--$3,544
Fees for Services Accounting-$3,500-$3,500
All Other Expenses$417$713$1,570$2,700
Depreciation Depletion-$344-$344
Travel-$287-$287
Office Expenses$22$99$49$170
Fees for Services Legal-$37-$37
Total Functional Expenses$44,710$63,603$14,081$122,394

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$122,394
Total Expenses per Audited Statements$122,394
Total Expenses per Form 990$122,394
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
No
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
Yes
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 so that the Executive Director shall report directly to the President of AGMA (or their designee), subject to the control and supervision of the Board. The Executive Director shall keep the minutes of all meetings and, in general, perform all other duties as assigned him or her by the Board or by the President of AMGA (or their designee).

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 STE 500, Alexandria, VA 22314-1581

Signing Officer

Name
Mary Ellen Doran
Title
Executive Direc
Phone
7038380065
Signed
2021-10-08
Discuss with paid preparer
No

Organization Details

Formed
1990
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
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/Desc0The AGMA Foundation provided funding for the development of multiple operator level courses. The courses provide an opportunity for shop level employees to engage in professional development activity. The courses provide the employees with an opportunity to learn from and interact with the experts in the gear industry.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01166
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt06658
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IRS990/PYContributionsGrantsAmt031471
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt055000
IRS990/PYInvestmentIncomeAmt074595
IRS990/PYOtherExpensesAmt0122408
IRS990/PYRevenuesLessExpensesAmt0-154516
IRS990/PYSalariesCompEmpBnftPaidAmt083174
IRS990/PYTotalExpensesAmt0260582
IRS990/PYTotalRevenueAmt0106066
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IRS990/ReconcilationRevenueExpnssAmt0-62677
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
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IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.67000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0935
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0112489
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0113444
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt05000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt06890
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt08
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0104250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0112489
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013247
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt05000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03506
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0104250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0104250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt03506
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05750
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03506
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt02244
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06575
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05750
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0825
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01377
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032612
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033989
IRS990ScheduleD/ExpensesSubtotalAmt0122394
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.23000
IRS990ScheduleD/RevenueSubtotalAmt059717
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01377
IRS990ScheduleD/TotalExpensesPerForm990Amt0122394
IRS990ScheduleD/TotalRevenuePerForm990Amt059717
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt059717
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0122394
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The AGMA Foundation amended its Bylaws so that the Executive Director shall report directly to the President of AGMA (or their designee), subject to the control and supervision of the Board. The Executive Director shall keep the minutes of all meetings and, in general, perform all other duties as assigned him or her by the Board or by the President of AMGA (or their designee).
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
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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
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IRS990ScheduleR/PaidEmployeesSharingInd0true
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt057716
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Actual Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0American Gear Manufacturers Assoc

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