2018-02-09T08:00:08-06:00 2017-08-31 541342298 Kositzka Wicks and Company 5270 Shawnee Road Suite 250 Alexandria VA 22312 990 2016-09-01 521727202 General Agents and Managers Conference Foundation GENE 5714994308 3112 Fairview Park Drive Falls Church VA 22042 Debra Grommons CEO 5714994308 2018-02-06 1 Stephen G Travis CPA P00158766 7036422700 2018-02-06 64.88.174.3 2018-02-06 08:34:20 ES P 8C6A9EA67C89AA73245111BC9D65F2D3131081E0 2AE4826C9E64EFE84662DC44839B81CD3C41C384 2016 2021-01-29 14:40:06Z GAMA Foundation for Education and Research Debra Grommons 3112 Fairview Park Drive Falls Church VA 22042 1778047 0 X gamafoundation.org X 1990 DC Provide research and education materials to those in life insurance and related financial services. 26 26 0 140 0 0 916033 1086080 0 0 117918 88750 35903 -31515 1069854 1143315 0 0 0 0 0 0 0 0 128561 1262913 1195885 1262913 1195885 -193059 -52570 4315693 4522847 293036 391535 4022657 4131312 To provide research and education materials to those involved in the life insurance and related financial services field. 0 0 586712 Education and research - To provide research and education materials to those involved in the life insurance and related financial services field. 586712 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AL AK AR CA FL CT DC GA HI IL KS MD MA MI MN MS NH NJ NM NY NC OK OR PA RI SC TN VA WV WI UT KY X The Organization 5714994315 3112 Fairview Park Drive Falls Church VA 22042 Ryan Hans Beck Trustee 1.00 X 0 0 0 John Bucsek Trustee 1.00 X 0 0 0 James Cook Trustee 1.00 X 0 0 0 William J Cuff Trustee 1.00 X 0 0 0 Heather Davis Trustee 1.00 X 0 0 0 Jeffrey Scott Golan Trustee 1.00 X 0 0 0 Dewane Lewis Jr Trustee 1.00 X 0 0 0 James A Petersen Trustee 1.00 X 0 0 0 David Saviage Trustee 1.00 X 0 0 0 Thomasina E Skipper Trustee 1.00 X 0 0 0 Samuel L Terrazzino Trustee 1.00 X 0 0 0 Paul E Vignone Trustee 1.00 X 0 0 0 Frederick Walker Trustee 1.00 X 0 0 0 George R Worley Trustee 1.00 X 0 0 0 Mark D Zagurski Trustee 1.00 X 0 0 0 Bruce Davison Trustee beginning 5/2016 1.00 X 0 0 0 Michelle Hubert Trustee beginning 5/2016 1.00 X 0 0 0 John Natoli Chair 1.00 X X 0 0 0 Brad Seitzinger Chair 1.00 X X 0 0 0 Richard T Cleary Immediate Past Chair 1.00 X X 0 0 0 Mark Michael Rooney Chair 1.00 X X 0 0 0 Athan P Vorilas Vice Chair 1.00 X X 0 0 0 Edward G Deutschlander Treasurer 1.00 X X 0 0 0 Micheal Scovel Trustee 1.00 X 0 0 0 Harry Hoopis Past Chairman 1.00 X X 0 0 0 Mark Bonnet GAMA International President 1.00 X 0 0 0 Debra Grommons Chief Executive Officer 40.00 X 0 166797 10435 Kathryn Kellam Chief Executive Officer 40.00 X 0 120893 7957 Carol Walsh Chief Operations Officer 40.00 X 0 111569 7929 0 399259 26321 0 0 1 0 GAMA International 3112 Fairview Park Drive Falls Church VA 22042 Management fees 328225 1 41575 1044505 181859 1086080 67556 67556 95191 95191 464235 443041 21194 21194 21194 64985 41575 191691 -126706 -126706 1143315 0 0 57235 X 473913 295763 106516 71634 7639 5510 757 1372 10994 7146 2199 1649 10706 6959 2141 1606 155608 141212 4580 9816 34359 7549 35 26775 14674 9123 1265 4286 3077 2035 550 492 98516 86292 11012 1212 5150 5150 5120 3328 1024 768 2620 2620 Bad debt expense 345519 345519 Bank and credit card fe 23673 15387 4735 3551 Awards and gifts 2593 2476 67 50 Miscellaneous 885 767 44 74 839 545 168 126 1195885 586712 480612 128561 307058 369227 19443 14654 1741070 1868591 2838 2780 53521 11709 8770 41812 2236514 2225783 4315693 4522847 29765 55906 81266 88867 182005 246762 293036 391535 X 1396763 1505744 2625894 2625568 4022657 4131312 4315693 4522847 -52570 161225 0 X X 0 1 X 1 0 X 608755 542154 737100 719648 904221 3511878 608755 542154 737100 719648 904221 3511878 3511878 156805 263976 257595 260611 162747 1101734 10000 10000 4623612 0.75960 0.74700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9360 6627 2733 44161 5082 39079 41812 Due to affiliate 246762 246762 X 1293834 161225 161225 1132609 10706 10706 1143315 1185179 0 1185179 10706 10706 1195885 Part X, Line 2: The Foundation is exempt from federal income tax as a nonprofit organization described in Section 501(c)(3) of the Internal Revenue Code and is classified as an organization other than a private foundation. The Organization did not have a liability for unrelated business income for the years ended August 31, 2017 and 2016. Auction 106560 41575 64985 191691 106560 41575 64985 191691 191691 -126706 X X 0 0 0 0 0 0 0 0 0 Debra Grommons Chief Executive Officer 0 166797 0 0 0 0 0 8373 0 2062 0 177232 0 0 Part I, Line 4 The Foundation shares personnel with GAMA International, an organization exempt from income tax under Section 501(c)(6) of the Internal Revenue Code. For the purposes of Form 990 reporting, the compensation for the CEO of the Foundation reported on the Form 990, Part VII was paid as part of reimbursement management fees included on Form 990, Part IX, Line 11a. X AUCTION ITEMS 41 181859 FAIR MARKET VALUE 0 0 0 Form 990, Part VI, Section A, line 1 The Executive Committee shall consist of the officers of the Foundation. This committee shall be chaired by the Chairman of the Foundation. This committee shall be empowered to make decisions pertinent to the normal operation of the Foundation. The Finance and Administration Committee shall be chaired by the Treasurer and will, in addition to the Treasurer, have (4) members, the Chair, Immediate Past Chair, Vice Chair and the Chair of the Committee on Fundraising. The committee shall oversee the financial assets and liabilities of the Foundation; prepare and submit annually to the Board of Trustees for consideration a proposed budget for the next fiscal year; and review the Foundation's annual audit and expense and investment policies. This committee shall be responsible to the Executive Committee of the Foundation. Form 990, Part VI, Section A, line 3 The Foundation shares personnel with GAMA International, an organization exempt from income tax under Section 501(c)(6) of the Internal Revenue Code. For the purposes of Form 990 reporting, the compensation for all staff of the Foundation reported on the Form 990 was paid as part of reimbursed management fees included on Form 990, Part IX, Line 11a. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an outside accounting firm and is reviewed by the CEO of the Foundation and the CFO and Controller of GAMA International. The draft is also reviewed by the Foundation Treasurer and the Finance Committee prior to being filed with the IRS. The final copy is presented to the Board of Trustees. Form 990, Part VI, Section B, line 12c The policy and its application shall be reviewed annually for the information and guidance of trustees and officers, each of whom has a continuing responsibility to scrutinize their transactions and outside business interests and relationships for potential conflicts of interest, and make such disclosures as described in this policy. As administered by the CEO, each trustee will be asked to complete a certification of agreement with the policy and disclosure of any known conflicts of interest upon his or her election or re-election to the board and annually thereafter. All certifications shall be reviewed by the Executive Committee. Form 990, Part VI, Section B, line 15a The Foundation's Board of Trustees determines the compensation of the Foundation's CEO. The process of determining compensation is based on compensation surveys, written employment contract, and approval by the Board of Trustees or Executive Committee. The compensation of the Foundation's CEO is reviewed annually. Form 990, Part VI, Section C, line 18 The Foundation does not make its governing documents available to the public. However, the financial statements are made available upon request. Form 990, Part VI, Section C, line 19 The Foundation does not make its governing documents available to the public. However, the financial statements are made available upon request. Form 990, Part IX, line 11g Researcher: Program service expenses 128,160. Management and general expenses 0. Fundraising expenses 0. Total expenses 128,160. Computer consulting: Program service expenses 2,052. Management and general expenses 4,580. Fundraising expenses 3,816. Total expenses 10,448. Consulting: Program service expenses 11,000. Management and general expenses 0. Fundraising expenses 6,000. Total expenses 17,000. Form 990, Part XII, Line 2c: The Foundation's Board of Trustees determines the audit firm who is engaged to complete the audit annually. The Board also reviews the annual audited financial statements and approves them during the board meeting. This selection and review process has not changed from previous years. GAMA INTERNATIONAL 3112 Fairview Park Drive Falls Church VA 22042 010792334 MANAGEMENT SERVICES VA 501(c)(6) 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 GAMA INTERNATIONAL E 246762 FAIR VALUE GAMA INTERNATIONAL P 79975 FAIR VALUE GAMA INTERNATIONAL O 393939 FAIR VALUE