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← STATE GOVERNMENT AFFAIRS COUNCIL FOUNDATION

Form 990 for tax year 2023

Filed by STATE GOVERNMENT AFFAIRS COUNCIL FOUNDATION.

Totals

Total revenue
$539,239
Total expenses
$532,994
Contributions and grants received
$250,500
Grants paid
$144,696
Program service revenue
$288,739
Investment income
$0
Other revenue
$0
Total assets, end of year
$598,984
Total liabilities, end of year
$160,053
Net assets or fund balances, end of year
$438,931
Program services expenses (Part IX)
$477,147
Management and general expenses
$19,839
Fundraising expenses
$36,008
Program service expenses (Part III)
$477,147

Program services were 89.5% 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

    $250,500

  • 2a · Program service revenue: CONFERENCE AND MEETING

    total $288,739 · related or exempt $288,739

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,600 · program services $61,600

  • 2 · Grants to domestic individuals

    total $83,096 · program services $83,096

  • 11a · Fees: management

    total $48,862 · program services $23,454 · management and general $10,261 · fundraising $15,147

  • 11b · Fees: legal

    total $348 · management and general $348

  • 11c · Fees: accounting

    total $6,943 · management and general $6,943

  • 13 · Office expenses

    total $3,054 · fundraising $3,054

  • 16 · Occupancy

    total $4,033 · program services $1,915 · management and general $853 · fundraising $1,265

  • 17 · Travel

    total $6,785 · program services $3,223 · management and general $1,434 · fundraising $2,128

  • 19 · Conferences, conventions and meetings

    total $318,273 · program services $303,859 · fundraising $14,414

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $243,324 · end of year $188,941

  • 4 · Accounts receivable

    beginning of year $1,675 · end of year $1,385

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,173 · end of year $15,173

  • 15 · Other assets

    beginning of year $207,459 · end of year $393,485

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,945 · end of year $160,053

  • 27 · Net assets without donor restrictions

    beginning of year $399,686 · end of year $383,431

  • 28 · Net assets with donor restrictions

    beginning of year $33,000 · end of year $55,500

Mission and programs · 2023

Mission

ITS PURPOSE IS TO CONDUCT RESEARCH, SPONSOR CONFERENCES AND SEMINARS, AND PROMOTE OTHER EDUCATION ACTIVITIES RELATED TO STATE GOVERNMENT.

Activities or mission (Part I)

TO CONDUCT RESEARCH, SPONSOR CONFERENCES AND SEMINARS, AND PROMOTE OTHER EDUCATIONAL ACTIVITIES.

  • 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.

    Expenses $477,147 · Grants $144,696 · Revenue $288,739

As filed on the 2023 return.

Listed in Part VII

  • Terra McClelland

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Fred Zeytoonjian

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Anika Hagenson

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dmitri Siegel

    SECRETARY (FROM 8/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Foulkes

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Laura Dooley

    IMMEDIATE PAST PRESIDENT (THRU 7/2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Elizabeth Loudy

    EXECUTIVE DIRECTOR

    Total calculated
    $262,786
    From this org
    $0
    From related orgs
    $229,958
    Other
    $32,828
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,958 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,947 related
    Nontaxable benefits
    $0 + $8,881 related
    Filer's total
    $0 + $262,786 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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR IS PAID DIRECTLY BY SGAC (A RELATED ORGANIZATION) AND THEIR SALARY IS REPORTED ON A W-2 ISSUED BY SGAC. THE SGAC FOUNDATION SHARES IN THE SALARIES AND BENEFITS WITH SGAC, THE RELATED 501(C)(6) ORGANIZATION. COMPENSATION OF THE EXECUTIVE DIRECTOR IS SET BY THE BOARD OF DIRECTORS IN THE ANNUAL NEGOTIATION WITH THE EXECUTIVE DIRECTOR. SALARIES ARE BASED ON COMPARATIVE MARKET DATA FOR SIMILAR POSITIONS IN THE NONPROFIT SECTOR. THE BOARD OF DIRECTORS ALSO APPROVES ALL RAISES AND BONUSES (IF ANY). THE DECISION OF THE BOARD WITH REGARD TO COMPENSATION IS DOCUMENTED IN THE MINUTES OF THE MEETING WHERE SUCH AMOUNTS WERE APPROVED. IN ADDITION, A COMMUNICATION FROM THE EXECUTIVE DIRECTOR TO THE BOARD PRESIDENT, VICE PRESIDENT AND TREASURER IS DISTRIBUTED, SIGNED, AND KEPT ON FILE TO AUTHORIZE THE CHANGE IN COMPENSATION.

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

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
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413059349302696

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