Gama International
- Assets
- $0.0
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2004
- Data as of
- 12/2020
- EIN
- 01-0792334
Organization Overview
Gama International is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. Gama International is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2020, Gama International generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WORLD-CLASS EDUCATION AND TRAINING RESOURCES FOR THOSE IN THE FINANCIAL SERVICES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAMP CONFERENCE - LIVE PROGRAM THAT ALLOWS MEMBERS TO EXCHANGE INFORMATION AND PARTICIPATE IN PROFESSIONAL DEVELOPMENT ACTIVITIES IN A ONE-TO-ONE ENVIRONMENT.
MEMBERSHIP AND AWARDS - ALLOWS INDIVIDUALS TO BE A PART OF A PROFESSIONAL DEVELOPMENT ORGANIZATION AND GAIN ACCESS TO PROFESSIONAL DEVELOPMENT MATERIALS, BOTH WEB-BASED AND WRITTEN. ALSO PROVIDES WORLD-WIDE RECOGNITION OF MEETING FINANCIAL MILESTONES WITHIN THE INDUSTRY.
PROFESSIONAL DEVELOPMENT SERVICES - MAKES AVAILABLE NUMEROUS PRODUCTS AND PUBLICATIONS THAT ARE CREATED SPECIFICALLY TO FURTHER THE PROFESSIONAL DEVELOPMENT OF FIELD LEADERS IN THE INSURANCE, INVESTMENT, AND FINANCIAL SERVICES INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Godsman Chief Executive Officer | OfficerTrustee | 40 | $566,963 |
Debra Grommons Gama Foundation CEO | 40 | $114,636 | |
Phillip Reid CFO | Officer | 40 | $45,875 |
Frank T Scalese President | OfficerTrustee | 3 | $0 |
Kelly G Kidwell President-Elect | OfficerTrustee | 3 | $0 |
Richard P Dodd Vice President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliftonlarsonallen Llp Accounting Services | 12/30/20 | $170,817 |
Velocis Moore Fairview Lp Investment Services | 12/30/20 | $156,613 |
Venable Llp Legal Services | 12/30/20 | $134,336 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,484,555 |
| Investment income | $22,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,680,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $499,088 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,659 |
| Pension plan accruals and contributions | $23,033 |
| Other employee benefits | $20,401 |
| Payroll taxes | $63,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,974 |
| Fees for services: Accounting | $205,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,606 |
| Fees for services: Other | $1,243,886 |
| Advertising and promotion | $862 |
| Office expenses | $79,188 |
| Information technology | $516 |
| Royalties | $163,176 |
| Occupancy | $130,160 |
| Travel | $78,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,218 |
| Interest | $98 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,859 |
| Insurance | $12,663 |
| All other expenses | $5,444 |
| Total functional expenses | $3,227,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |