American Medical Group Association Inc
- Assets
- $19.7m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 58
- Location
- Alexandria, VA
- Founding
- 01/1952
- Data as of
- 12/2021
- EIN
- 54-0536002
Organization Overview
American Medical Group Association Inc, operating under the name Amga Inc, is located in Alexandria, VA. The organization was established in 1952. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Amga Inc employed 58 individuals. This organization is the central organization for a national or regional group of organizations. Amga Inc 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 12/2021, Amga Inc generated $10.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $9.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AMGA, INC. IMPROVES HEALTHCARE FOR PATIENTS BY SUPPORTING MULTISPECIALTY MEDICAL GROUPS AND OTHER ORGANIZED SYSTEMS OF CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS THROUGHOUT THE YEAR, MEETINGS ARE HELD WHICH BRING TOGETHER EXECUTIVES FROM MEMBER AND NON-MEMBER GROUPS AND OTHER INTERESTED PARTIES TO EDUCATE THEM ABOUT THE LATEST DEVELOPMENTS IN THE FIELD, TO ADDRESS ISSUES AND PROBLEMS AFFECTING THE MEMBERS ORGANIZATIONS, TO PROVIDE NETWORKING OPPORTUNITIES, TO LEARN ABOUT BEST PRACTICES IN PATIENT CARE, AND TO PROVIDE GOVERNMENT AND REGULATORY UPDATES. MOST MEETINGS WERE CANCELLED ENTIRELY OR SCALED BACK AND PRODUCED VIRTUALLY IN 2020 DUE TO THE PANDEMIC.
MEMBERSHIP SERVICES INCLUDES EDUCATIONAL CONTENT THROUGH MEETINGS, WEBSITE, AND PUBLICATIONS FOR THE EXECUTIVES AT MEMBER ORGANIZATIONS.
GOVERNMENT RELATIONS - INVOLVED IN THE SUBMISSION OF STATEMENTS AND COMMUNICATIONS TO LEGISLATORS AND MEMBERS RELATING TO EXISTING, PENDING OR PROPOSED LEGISLATION OF DIRECT INTEREST TO TAXPAYERS AND MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerrold Penso President & CEO | Officer | 39 | $658,029 |
Chester Speed VP Public Policy | 40 | $451,487 | |
Ryan O'connor COO | Officer | 40 | $400,197 |
Clyde L Morris CFO | Officer | 39 | $290,390 |
Sharon Grace Chief Mktg & Comm Officer | 40 | $228,277 | |
John Kennedy Employee | 20 | $215,062 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Experient Virtual Meeting Services | 12/30/21 | $115,350 |
Blue Modus Inc Computer Consulting | 12/30/21 | $163,403 |
Allegiance Computer Consulting | 12/30/21 | $104,164 |
Stemptech Computer Consulting | 12/30/21 | $181,518 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,946,086 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $968,207 |
| 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 | $6,914,293 |
| Total Program Service Revenue | $3,180,867 |
| Investment income | $93,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,891 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,362 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,462,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $350,000 |
| 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. | $1,603,444 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,459,479 |
| Pension plan accruals and contributions | $226,799 |
| Other employee benefits | $373,523 |
| Payroll taxes | $291,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,007 |
| Fees for services: Accounting | $41,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,459 |
| Fees for services: Other | $1,340,281 |
| Advertising and promotion | $70,936 |
| Office expenses | $90,520 |
| Information technology | $419,310 |
| Royalties | $0 |
| Occupancy | $68,919 |
| Travel | $40,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $729,291 |
| Interest | $56,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277,908 |
| Insurance | $21,041 |
| All other expenses | $0 |
| Total functional expenses | $9,339,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,326 |
| Savings and temporary cash investments | $1,680,565 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,874 |
| 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 | $651,231 |
| Net Land, buildings, and equipment | $9,016,745 |
| Investments—publicly traded securities | $5,275,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,934,385 |
| Total assets | $19,689,445 |
| Accounts payable and accrued expenses | $1,048,928 |
| Grants payable | $0 |
| Deferred revenue | $4,518,811 |
| 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 | $1,299,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $697,307 |
| Total liabilities | $7,564,476 |
| Net assets without donor restrictions | $12,124,969 |
| 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 | $19,689,445 |
Grants Awarded
Over the last fiscal year, American Medical Group Association Inc has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: TO SUPPORT THE FOUNDATION. | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Medical Group Association Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Wellstar Health System Inc Marietta, GA PURPOSE: Sponsorship | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Medical Group Association Inc Alexandria, VA | $19,689,445 | $10,462,815 |
National Association Of Counties Research Foundation Washington, DC | $4,701,784 | $7,841,848 |
Disability In Alexandria, VA | $11,237,053 | $8,690,736 |
American Exploration & Production Council Inc Washington, DC | $3,854,447 | $3,454,624 |
Wake Forest Innovation Quarter Management Co Winstonsalem, NC | $76,176 | $0 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Umb Health Sciences Research Park Corporation Baltimore, MD | $16,268,947 | $1,917,755 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Business Council Washington, DC | $16,313,197 | $5,445,513 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
Massanetta Springs Inc Harrisonburg, VA | $9,619,068 | $2,786,663 |
Commodity Market Council Washington, DC | $947,159 | $1,056,049 |