2025-09-17T09:21:33-05:00 2024-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2024-01-01 541601556 AGMA FOUNDATION AGMA 7038380054 1001 NORTH FAIRFAX ST 500 ALEXANDRIA VA 22314 MARY ELLEN DORAN EXECUTIVE DIRECTOR 7038380054 2025-09-08 1 1 ANDREW E YOUNG CPA P01203950 7035351200 2025-09-08 2024 2025-03-06 01:10:19Z MARY ELLEN DORAN 1001 NORTH FAIRFAX ST 500 ALEXANDRIA VA 22314 122241 0 X WWW.AGMAFOUNDATION.ORG X 1990 VA RECRUITING, EDUCATING, AND KEEPING THE POWER TRANSMISSION WORKFORCE CURRENT WITH EMERGING TECHNOLOGY. 8 8 0 8 0 0 81793 50294 0 0 10824 14105 0 12500 92617 76899 15000 32500 0 0 15000 15000 0 0 0 51423 50361 81423 97861 11194 -20962 434912 458930 12500 25213 422412 433717 X RECRUITING, EDUCATING, AND KEEPING THE POWER TRANSMISSION WORKFORCE CURRENT WITH EMERGING TECHNOLOGY. 0 0 32500 32500 IN 2024, THE FOUNDATION AWARDED 13 SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS WHO ARE PURSUING CAREERS IN THE POWER TRANSMISSION INDUSTRY AND HAVE BEEN SELECTED THROUGH A RIGOROUS PROCESS BY THE AGMA FOUNDATION SCHOLARSHIP COMMITTEE. 17606 OTHER PROGRAMMATIC COSTS IN ALIGNMENT WITH THE FOUNDATION'S MISSION. 17606 50106 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X THE ORGANIZATION 7036840211 1001 N FAIRFAX STREET 500 ALEXANDRIA VA 22314 RUTH JOHNSON CHAIRMAN 1.00 0.00 X X 0 0 0 GREG ESTELL SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 TONY RICHEY TRUSTEE 1.00 0.00 X 0 0 0 GREG SCHULTE TRUSTEE 1.00 1.00 X 0 0 0 ADAM GREENER TRUSTEE 1.00 0.00 X 0 0 0 ERIC VAN RENS TRUSTEE 1.00 1.00 X 0 0 0 ROBERT RYE TRUSTEE 1.00 0.00 X 0 0 0 SARA ZIMMERMAN TRUSTEE 1.00 1.00 X 0 0 0 MARY ELLEN DORAN EXECUTIVE DIRECTOR 15.00 30.00 X 0 143654 0 0 143654 0 0 0 1 0 0 50294 50294 12303 12303 47144 45342 1802 1802 1802 OTHER INCOME 900099 12500 12500 12500 76899 12500 0 14105 32500 32500 15000 15000 3714 3714 1463 234 1229 300 300 540 540 3773 65 3708 5642 5642 PROFESSIONAL FEES 33700 17307 16393 BANK CHARGES 989 989 DUES & SUBSCRIPTIONS 155 155 TRAINING 85 85 97861 50106 47755 0 41024 27847 464 0 32065 32065 0 0 393424 431083 434912 458930 0 25213 12500 0 12500 25213 X 316408 321010 106004 112707 422412 433717 434912 458930 -20962 32267 0 X X 0 1 X 1 0 X X X 1 AMERICAN GEAR MANUFACTURERS ASSOCIATION 530218918 9 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 3B: THE ORGANIZATION PREVIOUSLY RECEIVED A DETERMINATION LETTER FROM THE IRS CLASSIFYING ITS PUBLIC CHARITY STATUS TO BE INCLUDED IN SECTION 509(A)(2). PART IV, SECTION A, LINE 3C: THE ORGANIZATION ENSURED SUPPORT WAS LIMITED TO EDUCATIONAL PURPOSES. PART IV, SECTION C, LINE 1: PER THE BYLAWS, AGMA APPOINTS 50% OF THE AGMA FOUNDATION TRUSTEES. HOWEVER, THESE PEOPLE MAY NOT COME DIRECTLY FROM THE AGMA BOARD. IN 2024, THE ORGANIZATION HAD 4 PEOPLE WHO WERE ON BOTH THE AGMA BOARD AND THE AGMA BOARD OF TRUSTEES. THIS WAS NOT A MAJORITY. 106004 11703 5000 112707 104319 1685 106004 105155 -836 104319 113444 7987 7500 7779 997 105155 112489 6890 5000 935 113444 0.88725 0.11274 0 0 32065 32065 0 0 X PART X, LINE 2: AGMA FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME DERIVED FROM ACTIVITIES UNRELATED TO THE FOUNDATION'S TAX EXEMPT PURPOSE IS TAXABLE UNDER THE CODE. IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ACCOUNTING STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXMAINATION. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 SCHOLARSHIPS 13 32500 0 N/A N/A PART I, LINE 2: AGMA FOUNDATION REVIEWS ALL OUTSTANDING GRANTS MONTHLY AND PROVIDES INFORMATION OR RETRIEVES INFORMATION AS STIPULATED IN EACH INDIVIDUAL GRANT. X 0 0 1 0 0 0 0 0 0 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT PAY COMPENSATION TO THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR. PART I, LINE 4A MARY ELLEN DORAN $15,000 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 UPON BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC EXCEPT THE FORM 990. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AMERICAN GEAR MANUFACTURERS ASSOCIATION 1001 NORTH FAIRFAX ST 5TH FLOOR ALEXANDRIA VA 22314 530218918 TRADE ASSOCIATION VA 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 AMERICAN GEAR MANUFACTURERS ASSOCIATION N COST AMERICAN GEAR MANUFACTURERS ASSOCIATION O 15000 COST