2014-12-15T08:13:04-06:00 2014-08-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2013-09-01 521727202 GENERAL AGENTS AND MANAGERS CONFERENCE FOUNDATION GENE 5714994315 2901 TELESTAR COURT NO 140 FALLS CHURCH VA 22042 KATHRYN KELLAM CEO 5714994315 2014-12-04 1 YUNG-HEE GALLINARO P00035293 5712279500 2013 2015-11-30 17:44:51Z GAMA FOUNDATION FOR EDUCATION AND RESEARCH KATHRYN KELLAM 2901 TELESTAR COURT NO 140 FALLS CHURCH VA 22042 1329703 0 X GAMAFOUNDATION.ORG X 1990 DC PROVIDE RESEARCH AND EDUCATION MATERIALS TO THOSE IN LIFE INSURANCE AND RELATED FINANCIAL SERVICES. 23 23 0 75 0 0 608755 542154 0 0 304493 101727 99905 153936 1013153 797817 0 0 0 0 0 0 0 0 116880 755420 954906 755420 954906 257733 -157089 4411087 4483216 284401 286040 4126686 4197176 TO PROVIDE RESEARCH AND EDUCATION MATERIALS TO THOSE INVOLVED IN THE LIFE INSURANCE AND RELATED FINANCIAL SERVICES FIELD. 0 0 418555 EDUCATION AND RESEARCH - TO PROVIDE RESEARCH AND EDUCATION MATERIALS TO THOSE INVOLVED IN THE LIFE INSURANCE AND RELATED FINANCIAL SERVICES FIELD. 418555 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 0 1 24 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AL AK AR CA CO CT DC GA HI IL KS ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN VA WV WI X BETTY PATTISON 5714994328 2901 TELESTAR CT 140 FALLS CHURCH VA 22042 REGINALD N RABJOHNS IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 RICHARD T CLEARY CHAIRMAN 1.00 X X 0 0 0 MARK M ROONEY VICE CHAIR 1.00 X X 0 0 0 ROBERT H BACCIGALUPI TRUSTEE 1.00 X 0 0 0 WILLIAM J CUFF TRUSTEE 1.00 X 0 0 0 PAUL DODD TRUSTEE 1.00 X 0 0 0 EDWARD G DEUTSCHLANDER TRUSTEE 1.00 X 0 0 0 JEFFREY SCOTT GOLAN TRUSTEE 1.00 X 0 0 0 CLOVIS GUEVARA TRUSTEE 1.00 X 0 0 0 MARK A KEATING TRUSTEE 1.00 X 0 0 0 ROBERT DEMING LOWREY 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 FRANK SCALESE TRUSTEE 1.00 X 0 0 0 COLLEEN A SCHUENEMAN TRUSTEE 1.00 X 0 0 0 MICHAEL SCOVEL TRUSTEE 1.00 X 0 0 0 THOMASINA SKIPPER TRUSTEE 1.00 X 0 0 0 DAVID B SCHULMAN TRUSTEE 1.00 X 0 0 0 GREGORY R SMITH TRUSTEE 1.00 X 0 0 0 SAMUEL TERRAZZINO TRUSTEE 1.00 X 0 0 0 PAUL E VIGNONE TRUSTEE 1.00 X 0 0 0 ATHAN P VORILAS TREASURER 1.00 X X 0 0 0 MICHAEL WASHBURN TRUSTEE 1.00 X 0 0 0 DARALEE BARBERA TRUSTEE 1.00 X 0 0 0 RICHARD RAY TRUSTEE 1.00 X 0 0 0 KATHRYN KELLAM CEO 40.00 X 155060 0 25212 155060 0 25212 1 0 1 0 GAMA INTERNATIONAL 2901 TELESTAR COURT FALLS CHURCH VA 22042 MANAGEMENT FEES 306846 MONALCO LLC 4342 WEST RIVER ROAD FREDONIA WI 53021 PROFESSIONAL RESEARCH 129760 2 112304 429850 112304 542154 108754 108754 155222 155222 411269 418296 -7027 -7027 -7027 112304 112304 113590 -1286 -1286 797817 0 0 255663 X 4528 3840 688 13920 13920 11158 11158 208537 200341 180 8016 24027 24027 74440 25636 28185 20619 843 843 118317 2418 111576 4323 11149 948 10201 306846 185169 75385 46292 2380 2380 BAD DEBT EXPENSE 157806 157806 EMPLOYMENT AGENCY FEES 15038 15038 MISCELLANEOUS 4715 194 1119 3402 DUES AND SUBSCRIPTION 788 788 414 9 405 954906 418555 419471 116880 366363 165970 70037 95489 1948734 1779943 2288 0 65899 65899 0 0 2023665 2441814 4411087 4483216 16780 9204 267621 276836 284401 286040 X 1752483 1900175 2374203 2297001 4126686 4197176 4411087 4483216 -157089 227579 0 X 0 1 X 1 0 X 678982 572289 516178 608755 429850 2806054 678982 572289 516178 608755 429850 2806054 5561 2800493 41455 83980 106523 156805 263976 652739 650 2500 10000 13150 3471943 326562 0.80660 0.85820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65899 65899 0 0 X 1026682 227579 227579 799103 -1286 -1286 797817 956192 1286 1286 954906 0 954906 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 2011, 2012, AND 2013 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT DIRECT EXPENSES -1,286. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT DIRECT EXPENSES 1,286. AUCTION 224608 112304 112304 113590 224608 112304 112304 113590 113590 -1286 X X 0 0 0 0 0 0 0 0 0 KATHRYN KELLAM CEO 155060 0 0 0 0 0 17040 0 8172 0 180272 0 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 21. X AUCTION ITEMS 33 112304 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 COMMITTEE ON FINANCE AND ADMINISTRATION SHALL BE CHAIRED BY THE TREASURER AND WILL, IN ADDITION TO THE TREASURER, HAVE (5) MEMBERS, THE CHAIRMAN, IMMEDIATE PAST CHAIRMAN, VICE CHAIRMAN AND THE GAMA INTERNATIONAL PRESIDENT AND THE GAMA INTERNATOINAL CHIEF EXECUTIVE OFFICER. 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, INCLUDING THE FOUNDATION'S ENDOWMENT FUND. 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 ACCOUTING FIRM AND IS REVIEWED BY THE CEO OF THE FOUNDATION AND THE SENIOR DIRECTOR OF FINANCE 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. 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 CHIEF EXECUTIVE, 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 BOARD AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION BOARD OF DIRECTORS DETERMINE 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 OR EXECUTIVE COMMITTEE. REVIEWED ANNUALLY, BUT NO RAISE TAKEN IN LAST 4 YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION 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 136,631. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 136,631. COMPUTER CONSULTING: PROGRAM SERVICE EXPENSES 1,875. MANAGEMENT AND GENERAL EXPENSES 180. FUNDRAISING EXPENSES 1,966. TOTAL EXPENSES 4,021. CONSULTING: PROGRAM SERVICE EXPENSES 61,835. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,050. TOTAL EXPENSES 67,885.