Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 43% | — | — |
| Overhead ratio | 50% | — | — |
| Fundraising cost ratio | 5% | — | — |
| Revenue growth | 71% | — | — |
| Investment management fee ratio | 0.7% | — | — |
| Accounting fee ratio | 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.
Leadership and pay
Officers, Directors & Key Employees
Mary Ellen Doran’s $15K as Executive Director is at the 60th percentile of top reported officer pay among 250 <$100K arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Cindy Bennett | — | — | — | $49,500 |
| Cindy Bennett | — | — | $27,114 | — |
| Mary Ellen Doran | $15,000 | $15,000 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Trains and retains workers for the power transmission industry, keeping them updated on new technology.
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Where the work happens
In 2022, the foundation awarded 5 scholarships to undergraduate and graduate students who are pursuing careers in the power transmission industry and have been selected through a rigorous process by the agma foundation scholarship committee.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest | $157K | $72K | +104% | 990 PDF |
| FY2024 | $77K | $98K | -17% | 990 PDF |
| FY2023 | $93K | $81K | -3% | 990 PDF |
| FY2022 Viewing | $95K | $58K | +71% | 990 PDF |
| FY2021 | $56K | $79K | -7% | 990 PDF |
| FY2020 | $60K | $122K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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