Civic Intelligence

Agma Foundation

990 • Fiscal year 2023 • EIN 54-1601556

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

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

0.03x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

65th percentile

12%

Higher net margin than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$193,015

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 208.4% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

52nd percentile

2.1%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

-2.9%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$434,912

Up $8,880 (+2.1%) from 2022

Net Assets

Up

$422,412

Up $28,608 (+7.3%) from 2022

Liabilities

Down

$12,500

Down $19,728 (-61%) from 2022

Revenue

Down

$92,617

Down $2,786 (-2.9%) from 2022

Expenses

Up

$81,423

Up $23,078 (+40%) from 2022

Net Income

Down

$11,194

Down $25,864 (-70%) from 2022

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

2023

Assets$434,912
Liabilities$12,500
Net Assets$422,412

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

2023

Revenue$92,617
Expenses$81,423
Net Income$11,194
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$92,617
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$368,078$393,424▲ $25,346
Cash and Non-Interest-Bearing Accounts$56,164$41,024▼ $15,140
Prepaid Expenses and Deferred Charges$1,100--
Land, Buildings, and Equipment, Net$690$0▼ $690
Accounts Receivable-$464-
Total Assets$426,032$434,912▲ $8,880
Liabilities
Accounts Payable and Accrued Expenses$13,228--
Grants Payable$12,500$12,500→ $0
Deferred Revenue$6,500--
Total Liabilities$32,228$12,500▼ $19,728
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$289,485$316,408▲ $26,923
Net Assets With Donor Restrictions$104,319$106,004▲ $1,685
Total Net Assets Fund Balance$393,804$422,412▲ $28,608
Total Liabilities and Net Assets / Fund Balance$426,032$434,912▲ $8,880

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$32,065$32,065

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$104,319-▲ $1,685-$106,004
2022$105,155-▼ $836-$104,319
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary Ellen DoranExecutive DirectorPT$15,000$178,015$15,000

Board Members and Trustees

NameTitle
Ruth JohnsonChairman
Adam GreenerTrustee
Eric Van RensTrustee
Greg SchulteTrustee
Robert RyeTrustee
Sara ZimmermanTrustee
Tony RicheyTrustee
Greg EstellSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$81,793
Program Service Revenue
$0
Investment Income
$10,824
Other Revenue
$0
All Other Contributions
$81,793
Change in Net Assets
$11,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,423
Total Fundraising Expense$32,785
Grants and Similar Amounts Paid$15,000
Salaries, Compensation, and Employee Benefits$15,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings--$32,785$32,785
Current Officers, Directors, Trustees, and Key Employees-$15,000-$15,000
Grants to Domestic Individuals$15,000--$15,000
Fees for Services Accounting-$5,585-$5,585
Fees for Service Investment Mgmnt Fees-$3,192-$3,192
Travel-$3,192-$3,192
Office Expenses-$691-$691
Depreciation Depletion-$690-$690
Fees for Services Other-$289-$289
Fees for Services Legal-$223-$223
Other Expenses-$198-$198
Total Functional Expenses$15,000$33,638$32,785$81,423
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
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Ellen Doran
Formed
1990
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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

FORM 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0AMERICAN GEAR MANUFACTURERS ASSOC
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/BeginningYearBalanceAmt0104319
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0106004
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01685
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0105155
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0104319
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-836
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0997
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0113444
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0105155
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt07500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07987
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt07779
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0935
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0112489
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0113444
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt05000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06890
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt08
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0104250
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0112489
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013247
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt05000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032065
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032065
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.94336
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.05664
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt012500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0AGMA FOUNDATION REVIEWS ALL OUTSTANDING GRANTS MONTHLY AND PROVIDES INFORMATION OR RETRIEVES INFORMATION AS STIPULATED IN EACH INDIVIDUAL GRANT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0118078
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016542
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt033395
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARY ELLEN DORAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0178015
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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/FormAndLineReferenceDesc4FORM 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/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt115000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AMERICAN GEAR MANUFACTURERS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1AMERICAN GEAR MANUFACTURERS ASSOCIATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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