State Government Affairs Council Foundation
- Assets
- $487.6k
- Revenue
- $414.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 31-1738951
Organization Overview
State Government Affairs Council Foundation is located in Alexandria, VA. The organization was established in 2000. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Government Affairs Council Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, State Government Affairs Council Foundation generated $414.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $457.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT RESEARCH, SPONSOR CONFERENCES AND SEMINARS, AND PROMOTE OTHER EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, THE SGAC FOUNDATION SPONSORS THE LEADERS' POLICY CONFERENCE (LPC), AN OUTSTANDING EDUCATIONAL INITIATIVE. THE STATE GOVERNMENT AFFAIRS COUNCIL FOUNDATION HAS SPONSORED OVER 30 LPC CONFERENCES IN COOPERATION WITH THE NATIONAL CONFERENCE OF STATE LEGISLATURES (NCSL) AND THE COUNCIL OF STATE GOVERNMENTS (CSG). THE LPC IS AN ANNUAL MEETING OF THE STATES' LEGISLATIVE LEADERSHIP AND STATE GOVERNMENT AFFAIRS PROFESSIONALS FROM AMERICA'S LEADING BUSINESSES, ASSOCIATIONS AND SERVICE PROVIDERS. LPC IS DESIGNED TO ENCOURAGE DIALOGUES ON ISSUES OF IMPORTANCE BETWEEN STATE LEGISLATIVE LEADERS AND PRIVATE SECTOR REPRESENTATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Foulkes President | OfficerTrustee | 1 | $0 |
Terra Mcclelland Vice President | OfficerTrustee | 1 | $0 |
Fred Zeytoonjian Treasurer | OfficerTrustee | 1 | $0 |
Anika Hagenson Secretary (from August 2022) | OfficerTrustee | 1 | $0 |
Laura Dooley Immmediate Past President | OfficerTrustee | 1 | $0 |
Emory Wilkerson President (thru August 2022) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,680 |
| Total Program Service Revenue | $192,725 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| Grants and other assistance to domestic individuals. | $42,367 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,159 |
| Fees for services: Legal | $684 |
| Fees for services: Accounting | $6,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,650 |
| Travel | $8,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $283,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,790 |
| Total functional expenses | $457,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,324 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,675 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,173 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $207,459 |
| Total assets | $487,631 |
| Accounts payable and accrued expenses | $54,945 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $54,945 |
| Net assets without donor restrictions | $399,686 |
| Net assets with donor restrictions | $33,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $487,631 |