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Nonprofiteer
← AMGA FOUNDATION INC

Form 990 for tax year 2022

Filed by AMGA FOUNDATION INC.

Totals

Total revenue
$3,922,329
Total expenses
$3,422,819
Contributions and grants received
$3,905,065
Grants paid
$90,000
Program service revenue
$0
Investment income
$17,264
Other revenue
$0
Total assets, end of year
$3,548,835
Total liabilities, end of year
$536,123
Net assets or fund balances, end of year
$3,012,712
Program services expenses (Part IX)
$2,488,985
Management and general expenses
$252,591
Fundraising expenses
$681,243
Program service expenses (Part III)
$2,488,985

Program services were 72.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JERROLD PENSO MD MBA

    SECRETARY

    Total calculated
    $871,016
    From this org
    $6,920
    From related orgs
    $724,395
    Other
    $139,701
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $6,920 + $592,130 related
    Bonus
    $0 + $67,800 related
    Other
    $0 + $64,465 related
    Deferred
    $0 + $82,550 related
    Nontaxable benefits
    $0 + $57,151 related
    Filer's total
    $6,920 + $864,096 related

  • CHRISTINA TAYLOR MD

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • FRANCIS COLANGELO MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PARAG AGNIHOTRI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE COOPELAND MD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JOHN W KENNEDY MD

    PRESIDENT

    Total calculated
    $522,986
    From this org
    $190,077
    From related orgs
    $237,568
    Other
    $95,341
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $190,077 + $176,868 related
    Bonus
    $0 + $60,700 related
    Other
    $0
    Deferred
    $0 + $60,650 related
    Nontaxable benefits
    $0 + $34,691 related
    Filer's total
    $190,077 + $332,909 related

  • FREDERICK J BLOOM MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD YU MD CMO

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN BULGER DO MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARRIO-ATAL ALKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DIANE GEORGE DO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LATESHA MONTGOMERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID NASH MD MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH TERRITO MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEON JERRELS MBA MHA RNCPHQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AILEEN MICKEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHY HUTCHENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTIN THURIN JD MS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHIL ORAVETZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VINCENZA SNOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CLYDE MORRIS

    CFO

    Total calculated
    $336,476
    From this org
    $0
    From related orgs
    $259,074
    Other
    $77,402
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,156 related
    Bonus
    $0 + $40,900 related
    Other
    $0 + $22,018 related
    Deferred
    $0 + $41,229 related
    Nontaxable benefits
    $0 + $36,173 related
    Filer's total
    $0 + $336,476 related

  • EARLENE CHAMBERS

    EMPLOYEE

    Total calculated
    $172,827
    From this org
    $158,013
    From related orgs
    $0
    Other
    $14,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,463
    Bonus
    $0
    Other
    $550
    Deferred
    $12,862
    Nontaxable benefits
    $1,952
    Filer's total
    $172,827

  • CHRISTINA SANTOS

    EMPLOYEE

    Total calculated
    $173,655
    From this org
    $152,251
    From related orgs
    $0
    Other
    $21,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,551
    Bonus
    $12,700
    Other
    $0
    Deferred
    $12,521
    Nontaxable benefits
    $8,883
    Filer's total
    $173,655

  • DANIELLE CASANOVA

    EMPLOYEE

    Total calculated
    $143,160
    From this org
    $118,878
    From related orgs
    $0
    Other
    $24,282
    Hours/week
    40

  • LISA CORNBROOKS

    EMPLOYEE

    Total calculated
    $136,779
    From this org
    $114,522
    From related orgs
    $0
    Other
    $22,257
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this 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 5
THE PRESIDENT'S COMPENSATION PACKAGE INCLUDES AN INCENTIVE THAT INCLUDES, AMONG OTHER MEASURES, A MEASURE BASED ON GROSS CONTRIBUTIONS.
PART I, LINE 6
THE COMPENSATED OFFICERS LISTED IN PART VII MAY RECEIVE AN INCENTIVE PARTLY BASED ON THE NET EARNINGS OF THE PARENT ORGANIZATION.
PART I, LINE 4B
NON-QUALIFIED RETIREMENT PLAN - A RELATED ENTITY, AMGA,INC., OPERATES A NON-QUALIFIED RETIREMENT PLAN UNDER SECTION 457(F). THIS PLAN IS OFFERED TO EXECUTIVE LEVEL STAFF OF THE ORGANIZATION. THE BASIC PROVISIONS AND CONDITIONS OF ELIGIBILITY ARE AS FOLLOWS: ELIGIBILITY - MUST BE AMONG A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED INDIVIDUALS AND HAVE TWO YEARS OF SERVICE. VESTING - A MINIMUM OF 2 YEARS AND A MAXIMUM OF 5 YEARS DEPENDENT UPON AGE AND LENGTH OF SERVICE WITH THE ORGANIZATION. MUST BE EMPLOYED WITH THE ORGANIZATION ON THE VESTING DATE. AT TERMINATION OF EMPLOYMENT, ALL AMOUNTS NOT PREVIOUSLY VESTED ARE FORFEITED. A SMALL PORTION OF THESE BENEFITS ARE ALLOCATED TO THE FOUNDATION AS PART OF A DETAILED SALARY AND BENEFITS ALLOCATION. FOR FULL REPORTING OF THESE AMOUNTS PAID, REFER TO THE AMGA, INC. 990.

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.

  • AMGA INC

    501(C)(6) · MEMBERSHIP TRADE ASSOCIATION · DC

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202343069349301989

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