Civic Intelligence

Agma Foundation

990 • Fiscal year 2021 • EIN 54-1601556

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 11, 2022

1001 N Fairfax Street 500Alexandria, VA 22314

(703) 684-0211

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

0.31x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

13th percentile

-42%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

87th percentile

$27,114

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 48.6% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

30th percentile

-6.0%

Faster asset growth than 30% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

-6.7%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$406,997

Down $25,921 (-6.0%) from 2020

Net Assets

Down

$389,497

Down $23,421 (-5.7%) from 2020

Liabilities

Down

$17,500

Down $2,500 (-13%) from 2020

Revenue

Down

$55,734

Down $3,983 (-6.7%) from 2020

Expenses

Down

$79,155

Down $43,239 (-35%) from 2020

Net Income

Up

-$23,421

Up $39,256 (+63%) from 2020

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

2021

Assets$406,997
Liabilities$17,500
Net Assets$389,497

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

2021

Revenue$55,734
Expenses$79,155
Net Income-$23,421
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 11, 2022
Return Version
2021v4.2
Gross Receipts
$125,901
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$417,259$399,376▼ $17,883
Cash and Non-Interest-Bearing Accounts$9,660$6,018▼ $3,642
Pledges and Grants Receivable$3,550--
Land, Buildings, and Equipment, Net$1,377$1,033▼ $344
Accounts Receivable$1,072$570▼ $502
Total Assets$432,918$406,997▼ $25,921
Liabilities
Grants Payable$20,000$17,500▼ $2,500
Total Liabilities$20,000$17,500▼ $2,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$303,703$284,342▼ $19,361
Net Assets With Donor Restrictions$109,215$105,155▼ $4,060
Total Net Assets Fund Balance$412,918$389,497▼ $23,421
Total Liabilities and Net Assets / Fund Balance$432,918$406,997▼ $25,921

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,033$32,956$33,989

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$113,444-▲ $7,987$7,779$105,155
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cindy BennettExecutive Director Thru May 2021PT$27,114$27,114

Board Members and Trustees

NameTitle
Dean BurrowsChairman
Mary Ellen DoranExecutive Director as of June 2021
Cory OoyenTrustee
George ThomasTrustee
Greg SchulteTrustee
Jack MassethTrustee
James BregiTrustee
Justin MccarthyTrustee
Mike MckerninTrustee
Scot ForgeTrustee
Ruth JohnstonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,440
Program Service Revenue
$0
Investment Income
$23,294
Other Revenue
$0
All Other Contributions
$32,440
Change in Net Assets
$-23,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$37,500
Salaries, Compensation, and Employee Benefits$29,188
Other Expenses$12,467
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$37,500--$37,500
Current Officers, Directors, Trustees, and Key Employees-$27,114-$27,114
Fees for Services Accounting-$4,300-$4,300
Fees for Service Investment Mgmnt Fees$3,677--$3,677
Office Expenses$305$2,111-$2,416
Payroll Taxes-$2,074-$2,074
Travel-$1,236-$1,236
Depreciation Depletion-$344-$344
Other Expenses$50$35-$35
Total Functional Expenses$41,532$37,623$0$79,155
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
Subject to proxy tax
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of trustees review the form 990 return prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy statement is signed at the annual meeting by each trustee.

Form 990, Part VI, Section B, Line 15A

The chairman of the foundation and the president of agma review the executive director's performance and determine an increase in her compensation based on a percentage agreed by the board.

Form 990, Part VI, Section C, 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
Phone
7036840211
Address
1001 N FAIRFAX STREET 500, ALEXANDRIA, VA 22314

Signing Officer

Name
Mary Ellen Doran
Title
Executive Director
Phone
7036840211
Signed
2022-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Ellen Doran
Formed
1990
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
21

Preparer

Firm
Councilor Buchanan & Mitchell Pc
Address
7910 WOODMONT AVE STE 500, BETHESDA, MD 20814
Preparer
Daniel L Weaver
Phone
3019860600
Supplemental Narrative

Additional Explanations

For 990, Part XII, Line 2C

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 484 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR THRU MAY 2021
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0530218918
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd09
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0AGMA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0997
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0113444
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0105155
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt07500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07987
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt07779
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0935
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0112489
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0113444
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt05000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06890
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt08
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0104250
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0112489
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013247
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt05000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03506
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0104250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0104250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt03506
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05750
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03506
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02244
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01033
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032956
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033989
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.95100
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.04900
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01033
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt037500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt09
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0ACTUAL
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES REVIEW THE FORM 990 RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY STATEMENT IS SIGNED AT THE ANNUAL MEETING BY EACH TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHAIRMAN OF THE FOUNDATION AND THE PRESIDENT OF AGMA REVIEW THE EXECUTIVE DIRECTOR'S PERFORMANCE AND DETERMINE AN INCREASE IN HER COMPENSATION BASED ON A PERCENTAGE AGREED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC EXCEPT THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FOR 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AMERICAN GEAR MANUFACTURERS ASSOC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0530218918
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TRADE ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01001 NORTH FAIRFAX ST 5TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ALEXANDRIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022314
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt029188
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AMERICAN GEAR MANUFACTURERS ASSOC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1AMERICAN GEAR MANUFACTURERS ASSOC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

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