Agma Foundation
- Assets
- $407.0k
- Revenue
- $55.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 54-1601556
Organization Overview
Agma Foundation is located in Alexandria, VA. The organization was established in 1996. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agma 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 12/2021, Agma Foundation generated $55.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $79.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RECRUITING, EDUCATING, AND KEEPING THE POWER TRANSMISSION WORKFORCE CURRENT WITH EMERGING TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE FOUNDATION AWARDED 9 SCHOLARSHIPS TO ENGINEERING STUDENTS AT THE TECHNICAL/ASSOCIATE, UNDERGRADUATE AND GRADUATE LEVELS.
THE 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Bennett Executive Director Thru May 2021 | Officer | 10 | $27,114 |
Ruth Johnston Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dean Burrows Chairman | OfficerTrustee | 1 | $0 |
Mary Ellen Doran Executive Director As Of June 2021 | Officer | 15 | $0 |
Justin Mccarthy Trustee | Trustee | 1 | $0 |
Jack Masseth Trustee | Trustee | 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 | $32,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,440 |
| Total Program Service Revenue | $0 |
| Investment income | $7,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $37,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,114 |
| Compensation of current officers, directors, key employees. | $27,114 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,677 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,416 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $344 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $79,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $570 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,033 |
| Investments—publicly traded securities | $399,376 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $406,997 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $17,500 |
| 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 | $17,500 |
| Net assets without donor restrictions | $284,342 |
| Net assets with donor restrictions | $105,155 |
| 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 | $406,997 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Agma Foundation has recieved totaling $364.
| Awarding Organization | Amount |
|---|---|
Goff Family Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $318 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $46 |
Endowment Analysis
| Beg. Balance | $113,444 |
| Earnings | $7,987 |
| Admin Expense | $997 |
| Other Expense | $7,779 |
| Grants | $7,500 |
| Ending Balance | $105,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Business Officers Association Inc Washington, DC | $10,181,383 | $5,458,138 |
The Museum Of Language Arts Incorporated Washington, DC | $22,277,823 | $2,812,502 |
American Council Of Trustees And Alumni Washington, DC | $7,091,133 | $4,080,282 |
National Academy Of Education Washington, DC | $13,224,387 | $700,923 |
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
The Memorial Foundation Washington, DC | $1,841,102 | $3,723,853 |
Downtown Columbia Arts And Culture Commission Inc Columbia, MD | $56,227,844 | $6,192,561 |
Chorus America Association Washington, DC | $2,563,365 | $1,205,440 |
International Critical Incident Stress Foundation Inc Ellicott City, MD | $1,604,340 | $2,401,353 |
American Association Of People With Disabilities Washington, DC | $6,573,327 | $4,673,806 |
Due Process Of Law Foundation Washington, DC | $1,656,408 | $2,339,896 |
Faith And Politics Institute Washington, DC | $2,906,616 | $1,815,634 |