Agma Relief Fund EIN 13-6155701 Form 990 (PDF) Claim this org

Agma Relief Fund

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Helps AGMA members facing hardship, old age, or career changes with financial aid and retraining. For fiscal year 2024 it reported $169K in revenue, $173K in expenses, and $2.6M in net assets.Pt I

Founded
1960
Type
Public charity (501(c)(3)) · Human Services
Location
New York, NY
Website
www.agmarelief.org
Filings
5 on file (2020–2024)
Revenue
$169KFY2024
Expenses
$173K
Net assets
$2.6M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-6155701 Public charity (501(c)(3)) New York, NY Founded 1960
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps AGMA members facing hardship, old age, or career changes with financial aid and retraining.
Leadership
John Coleman · Trustee
Money in and out
$169K revenue, $173K expenses
Bottom line
68% program efficiency
Where the money goes · FY2024
Total revenue
$169K
Pt VIII · Ln 12
Total expenses
$173K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.30 Fundraising $0.02
Program efficiency
68%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
182.3mo
months of highly liquid reserves at operating expense rate▲ +16% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▲ +51% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$169K
FY2024▼ -5%
Expenses
$173K
FY2024▼ -8%
Total assets
$2.6M
FY2024▲ +7%
Total liabilities
$49K
FY2024▼ -51%
Total revenue
$169K
Pt VIII · Ln 12
Total expenses
$173K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAgma Relief Fund
EINHdr · item D13-6155701
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.agmarelief.org
Year of formationHdr · item L1960
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P050)
Ruling yearIRS BMFJul 1959

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $118K of program spending, described in the organization's own filed words · FY2024.
01

Provided assistance to members of agma who are needy.

$118Kprogram expense

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Statement of Revenue

Part VIII
Investment income$88K · 52%
Contributions & grants$81K · 48%
Investment income52%$88K
Contributions & grants48%$81K
Total revenueLn 12$169K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.30 Fundraising $0.02
Program services68%$118K
Management & general30%$52K
Fundraising2%$4K
Total functional expensesLn 25$173K

Balance Sheet

Part X · end of year
CashLn 1$150K
Total assetsLn 16$2.6M
Total liabilitiesLn 26$49K
Total net assetsLn 32$2.6M
Months of cash on handcomputed10.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.6M · Operating expenses/yr $173K
182.3 months
Where the money goes
Program services
Program services $118K · Total expenses $173K
68%
Management & General
Management & general $52K · Total expenses $173K
30%
Fundraising
Fundraising $4K · Total expenses $173K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $70K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $81K · Total revenue $169K
48%
Government reliance
Government grants — · Total revenue $169K
Earned-income share
Program service revenue $0 · Total revenue $169K
0%
Investment reliance
Investment income $88K · Total revenue $169K
+52%
Program self-sufficiency
Program service revenue $0 · Total expenses $173K
0%
Growth & trend
Revenue growth (YoY)
This year $169K · Prior year $178K
-5%
Revenue CAGR
FY2019 $1.1M · FY2024 $169K
-31%
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $169K · Expenses $173K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
Net-asset ratio
Net assets $2.6M · Total assets $2.6M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.6M
94%
People & payroll
Highest Reported Total Compensation
Individual John Coleman · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $173K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $173K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 30%
Fundraising cost ratio 5%
Revenue growth -5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$3K
Grants paid · 5 grants · $1.2M · 2019–2024
Unitemized GrantFY2024$78,650
Unitemized GrantFY2023$96,674
Unitemized GrantFY2022$68,238
Unitemized GrantFY2021$42,358
Unitemized GrantFY2019$901,289

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$178K revenue · ⤓ 990 PDF
FY2023$164K revenue · ⤓ 990 PDF
FY2022$237K revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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