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Nonprofiteer
← MEDICAL ASSOCIATION OF GEORGIA FOUNDATION INC

Form 990 for tax year 2024

Filed by MEDICAL ASSOCIATION OF GEORGIA FOUNDATION INC.

Totals

Total revenue
$438,262
Total expenses
$251,976
Contributions and grants received
$250,951
Grants paid
$0
Program service revenue
$28,907
Investment income
$50,137
Other revenue
$108,267
Total assets, end of year
$2,006,531
Total liabilities, end of year
$840,269
Net assets or fund balances, end of year
$1,166,262
Program services expenses (Part IX)
$131,316
Management and general expenses
$120,660
Fundraising expenses
$0
Program service expenses (Part III)
$131,316

Program services were 52.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $250,951

  • 2a · Program service revenue: REGISTRATION FEES

    total $28,907 · related or exempt $28,907

  • 3 · Investment income

    total $50,137 · unrelated business -$25,295 · excluded $75,432

  • 11a · Other revenue: REFUND OF SEC 170 ANNU

    total $73,467 · excluded $73,467

  • 11b · Other revenue: REIMBURSEMENTS, REFUND

    total $34,800 · excluded $34,800

  • 11e · Other revenue, total

    $108,267

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,584 · management and general $1,584

  • 11f · Fees: investment management

    total $12,679 · management and general $12,679

  • 11g · Fees: other

    total $107,711 · program services $83,408 · management and general $24,303

  • 13 · Office expenses

    total $2,011 · program services $2,011

  • 17 · Travel

    total $7,324 · program services $7,324

  • 19 · Conferences, conventions and meetings

    total $35,073 · program services $35,073

  • 24a · Other expenses: IMPAIRMENT LOSS OF RECE

    total $82,094 · management and general $82,094

  • 24b · Other expenses: DUES AND SUBSCRIPTION

    total $3,500 · program services $3,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $392,433 · end of year $275,315

  • 2 · Savings and temporary cash investments

    beginning of year $167,582 · end of year $154,686

  • 3 · Pledges and grants receivable

    end of year $15,000

  • 11 · Investments: publicly traded securities

    beginning of year $1,502,963 · end of year $985,893

  • 15 · Other assets

    beginning of year $637,950 · end of year $575,637

  • 18 · Grants payable

    beginning of year $20,000

  • 19 · Deferred revenue

    beginning of year $19,500

  • 25 · Other liabilities

    beginning of year $1,480,479 · end of year $840,269

  • 27 · Net assets without donor restrictions

    beginning of year $927,143 · end of year $894,501

  • 28 · Net assets with donor restrictions

    beginning of year $253,806 · end of year $271,761

Mission and programs · 2024

Mission

THE MISSION OF THE MAG FOUNDATION IS TO ADVANCE POSITIVE HEALTH OUTCOMES FOR GEORGIANS BY PROMOTING INFORMATION ABOUT MEDICAL CARE AND THE SYSTEMS THAT DELIVER IT.

Activities or mission (Part I)

THE FOUNDATION IS A PUBLIC CHARITY ENABLING GEORGIA PHYSICIANS TO SUPPORT AND ENGAGE IN CHARITABLE AND EDUCATIONAL PROJECTS AFFECTING MEDICINE AND PUBLIC HEALTH.

  • THE GPLA IS A FOUNDATION PROGRAM DESIGNED TO PROVIDE A LEADERSHIP EXPERIENCE BENEFITING AND EDUCATING PHYSICIANS WHO WANT TO IMPROVE HEALTH CARE DELIVERY FOR THEIR PATIENTS, COMMUNITIES, AND THE MEDICAL PROFESSION. EACH PARTICIPANT ATTENDS OVER A ONE-YEAR PERIOD SIX SESSIONS COMPRISED OF INTERACTIVE CLASSES ENABLING THE STUDENTS TO ENHANCE THEIR LEADERSHIP SKILLS AND DEVELOP CONTINUING RELATIONSHIPS WITH COLLEAGUES.

    Expenses $131,316 · Revenue $28,907

As filed on the 2024 return.

Listed in Part VII

  • Jeremy Bonfini

    EXECUTIVE DIRECTOR

    Total calculated
    $337,302
    From this org
    $0
    From related orgs
    $323,200
    Other
    $14,102
    Hours/week
    10 + 57.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,039 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $1,161 related
    Deferred
    $0 + $9,750 related
    Nontaxable benefits
    $0 + $4,352 related
    Filer's total
    $0 + $337,302 related

  • John S Antalis MD

    CHAIR & TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven M Walsh MD

    SEC/TREAS. & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Johnson MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Uma Jonnalagadda MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William E Silver MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Harvey MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Zachary Lopater MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Reisman MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Debi Dalton MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Randy Frank Rizor MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 10 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 October 2025
IRS schema version
2024v5.2
Source object
202542909349300549

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