2017-04-18T00:00:00-05:00 2016-08-31 541342298 Kositzka Wicks and Company 5270 Shawnee Road Suite 250 Alexandria VA 22312 990 2015-09-01 521727202 General Agents and Managers Conference Foundation GENE 5714994308 3112 Fairview Park Drive Falls Church VA 22042 Debra Grommons CEO 5714994308 2017-03-08 1 Stephen G Travis CPA P00158766 7036422700 2017-03-08 2015 2021-01-29 14:40:06Z X GAMA Foundation for Education and Research Debra Grommons 3112 Fairview Park Drive Falls Church VA 22042 1778219 0 X gamafoundation.org X 1990 DC Provide research and education materials to those in life insurance and related financial services. 31 31 0 164 0 0 845468 916033 0 0 178491 117918 21963 35903 1045922 1069854 0 0 0 0 7218 0 0 0 140178 790211 1262913 797429 1262913 248493 -193059 4460578 4315693 297487 293036 4163091 4022657 To provide research and education materials to those involved in the life insurance and related financial services field. 0 0 605105 Education and research - To provide research and education materials to those involved in the life insurance and related financial services field. 605105 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 31 31 0 0 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 Richard Paul Dodd 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 Richard Lee Ray Trustee 1.00 X 0 0 0 David Saviage Trustee 1.00 X 0 0 0 David B Schulman Trustee 1.00 X 0 0 0 Michael F Scovel Trustee 1.00 X 0 0 0 Thomasina E Skipper Trustee 1.00 X 0 0 0 Gregory R Smith 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 Terry M Washburn 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 Trustee beginning 5/2016 1.00 X 0 0 0 Brad Seitzinger Trustee beginning 5/2016 1.00 X 0 0 0 Robert J Fashano GAMA International President 1.00 X 0 0 0 Timothy Schmidt GAMA International Pres. 5/2016 1.00 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 Kathryn Kellam Chief Executive Officer 40.00 X 0 164500 10254 0 164500 10254 0 0 1 0 GAMA International 3112 Fairview Park Drive Falls Church VA 22042 Management fees 162653 1 13730 902303 198471 916033 119022 119022 141589 141589 504830 505934 -1104 -1104 -1104 96745 13730 202431 -105686 -105686 1069854 0 0 153821 X 479137 308647 99264 71226 3245 3028 124 93 9100 5915 1820 1365 11719 7617 2344 1758 157694 146031 1930 9733 27990 1280 51 26659 14205 2181 1493 10531 1006 654 201 151 106713 102170 2098 2445 10880 10880 5037 3274 1007 756 2402 2402 Bad debt expense 401201 401201 Bank and credit card fe 22672 14737 4534 3401 Awards and gifts 4811 3438 785 588 Miscellaneous 3769 2806 545 418 1332 925 233 174 1262913 605105 517630 140178 71273 307058 211096 19443 1836162 1741070 2620 2838 15360 6590 13807 8770 2325620 2236514 4460578 4315693 101970 29765 179051 81266 16466 182005 297487 293036 X 1791457 1396763 2371634 2625894 4163091 4022657 4460578 4315693 -193059 52625 0 X X 0 1 X 1 0 X 516178 608755 542154 737100 719648 3123835 516178 608755 542154 737100 719648 3123835 3123835 106523 156805 263976 257595 260611 1045510 2500 10000 12500 4181845 0.74700 0.77150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9360 3507 5853 6000 3083 2917 8770 Due to affiliate 182005 182005 X 1122479 52625 52625 1069854 0 1069854 1262913 0 1262913 0 1262913 Part X, Line 2: The Foundation follows the accounting standard for contingencies in evaluating uncertain tax positions. Should its exempt status be challenged in the future, the Foundation's 2013, 2014, 2015, and 2016 tax years are open for examination by federal, state and local authorities. Auction 110475 13730 96745 202431 110475 13730 96745 202431 202431 -105686 X X 0 0 0 0 0 0 0 0 0 Kathryn Kellam Chief Executive Officer 0 164500 0 0 0 0 0 8219 0 2035 0 174754 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 expenses included on Form 990, Part IX, Line 11a. X 1 2086 Fair Market Value X AUCTION ITEMS 35 196385 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 B, line 11 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 121,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 121,800. Computer consulting: Program service expenses 22,489. Management and general expenses 1,930. Fundraising expenses 4,814. Total expenses 29,233. Consulting: Program service expenses 1,742. Management and general expenses 0. Fundraising expenses 4,919. Total expenses 6,661. 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 0 1 0 0 0 GAMA INTERNATIONAL E 182005 FAIR VALUE GAMA INTERNATIONAL P 479137 FAIR VALUE