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MEDICAL ASSOCIATION OF GEORGIA FOUNDATION INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MEDICAL ASSOCIATION OF GEORGIA FOUNDATION INC (EIN 58-6066431)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-10
IRS object ID
202143149349303654
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-10T11:28:41-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN580692043PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MAULDIN & JENKINS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 GALLERIA PKWY SE STE 1700AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP303395946ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN586066431EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MEDICAL ASSOCIATION OF GEORGIABusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMEDIBusinessNameControlTxt
Phone6783039290PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11849 THE EXCHANGE SE NO 200AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30339ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEREMY T BONFINIPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6783039290PhoneNum
Signature2021-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJEREMYPersonFirstNm
Person LastBONFINIPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARY JO ALEXANDERPreparerPersonNm
PTINP00002534PTIN
Phone7709558600PhoneNum
Preparation2021-11-09PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJEREMY T BONFINIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11849 THE EXCHANGE SE NO 200AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30339ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$417,783GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MAG.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1967FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTHE FOUNDATION IS A PUBLIC CHARITY ENABLING GEORGIA PHYSICIANS TO SUPPORT AND ENGAGE IN CHARITABLE AND EDUCATIONAL PROJECTS AFFECTING MEDICINE AND PUBLIC HEALTH.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers25TotalVolunteersCnt
Total Gross UBI-$11,591TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$136,995PYContributionsGrantsAmt
CY Contributions Grants$115,916CYContributionsGrantsAmt
PY Program Service Revenue$15,000PYProgramServiceRevenueAmt
CY Program Service Revenue$14,000CYProgramServiceRevenueAmt
PY Investment Income$145,851PYInvestmentIncomeAmt
CY Investment Income$123,209CYInvestmentIncomeAmt
PY Other Revenue$20,286PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$318,132PYTotalRevenueAmt
CY Total Revenue$253,125CYTotalRevenueAmt
PY Grants And Similar Paid$50,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$296CYTotalFundraisingExpenseAmt
PY Other Expenses$167,506PYOtherExpensesAmt
CY Other Expenses$108,677CYOtherExpensesAmt
PY Total Expenses$217,506PYTotalExpensesAmt
CY Total Expenses$108,677CYTotalExpensesAmt
PY Revenues Less Expenses$100,626PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$144,448CYRevenuesLessExpensesAmt
Total Assets BOY$6,160,652TotalAssetsBOYAmt
Total Assets EOY$6,364,290TotalAssetsEOYAmt
Total Liabilities BOY$6,115,162TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,643,476TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$45,490NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$279,186NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE MAG FOUNDATION IS TO ADVANCE POSITIVE HEALTH OUTCOMES FOR GEORGIANS BY PROMOTING INFORMATION ABOUT MEDICAL CARE AND THE SYSTEMS THAT DELIVER IT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$46,839ExpenseAmt
DescTHE "THINK ABOUT IT" CAMPAIGN IS A PROGRAM TO PREVENT THE ABUSE OF PRESCRIPTION DRUGS THROUGH EDUCATION OF PHYSICIANS, BUSINESSES, AND THE GENERAL PUBLIC, AND FACILITATION OF THE SYSTEMIC CHANGES NEEDED TO COMBAT THE PROBLEM. TO ACCOMPLISH THIS, THE FOUNDATION, THROUGH "THINK ABOUT IT" IS BRINGING TOGETHER INTO A CONCERTED EFFORT THE PHYSICIAN COMMUNITY, LOCAL DRUG COALITIONS, STATE AND FEDERAL GOVERNMENT AGENCIES, AND OTHER HEALTHCARE RELATED ORGANIZATIONS CAPABLE OF AFFECTING THE NEEDED CHANGES IN ATTITUDE AND PROCESSES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$26,177ExpenseAmt
Revenue$14,000RevenueAmt
DescTHE GPLA IS A FOUNDATION PROGRAM DESIGNED TO PROVIDE A LEADERSHIP EXPERIENCE BENEFITING AND EDUCATING PHYSICIANS WHO WANT TO IMPROVE HEALTH CARE DELIVERY FOR THEIR PATIENTS, COMMUNITIES, AND THE MEDICAL PROFESSION. EACH PARTICIPANT ATTENDS OVER A ONE-YEAR PERIOD SIX SESSIONS COMPRISED OF INTERACTIVE CLASSES ENABLING THE STUDENTS TO ENHANCE THEIR LEADERSHIP SKILLS AND DEVELOP CONTINUING RELATIONSHIPS WITH COLLEAGUES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescTHE MAG FOUNDATION INITIATED A CAMPAIGN TO EDUCATE THE PUBLIC ON THE HAZARDS OF DISTRACTED DRIVING. THE CAMPAIGN WAS KNOWN AS 'MAKE GEORGIA HANDS-FREE."Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$73,016TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6783039284PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11849 THE EXCHANGE SEAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30339ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
DONALD J PALMISANO JR
MAG EXECUTIVE DIRECTOR/CEO EX-OFFICIO (2020)1.0037.50Yes (X)$0$378,677$57,686
TOM KORNEAGY
DIRECTOR OF COMMUNICATION1.0037.50Yes (X)$0$190,934$22,928
JACK M CHAPMAN MD
PRES. & TRUSTEE1.000.50Yes (X)$0$0$0Yes (X)
JOHN S ANTALIS MD
VP & TRUSTEE1.001.00Yes (X)$0$0$0Yes (X)
STEVEN M WALSH MD
SEC/TREAS. & TRUSTEE1.0011.00Yes (X)$0$0$0Yes (X)
W SCOTT BOHLKE MD
TRUSTEE1.005.00$0$0$0Yes (X)
ALI RAHIMI MD
TRUSTEE1.00$0$0$0Yes (X)
ANURAG SAHU MD
TRUSTEE1.00$0$0$0Yes (X)
WILLIAM E SILVER MD
TRUSTEE1.00$0$0$0Yes (X)
ANDREW REISMAN MD
TRUSTEE1.0010.00$0$0$0Yes (X)
LISA PERRY-GILKES MD
TRUSTEE1.0011.00$0$0$0Yes (X)
THOMAS EMERSON MD
TRUSTEE1.0010.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$569,611TotReportableCompRltdOrgAmt
Total Other Compensation$80,614TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$115,916AllOtherContributionsAmt
Total Contributions$115,916TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescREGISTRATION FEESDesc
Business900099BusinessCd
Total Revenue Column$14,000TotalRevenueColumnAmt
Related Or Exempt Func Income$14,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$14,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$124,114TotalRevenueColumnAmt
Unrelated Business Revenue-$11,591UnrelatedBusinessRevenueAmt
Exclusion$135,705ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$163,753SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$164,658SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$905SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$905TotalRevenueColumnAmt
Exclusion-$905ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$253,125TotalRevenueColumnAmt
Related Or Exempt Func Income$14,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$11,591UnrelatedBusinessRevenueAmt
Exclusion$134,800ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,500TotalAmt
Management And General$2,500ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$58,500TotalAmt
Program Services$58,500ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$625TotalAmt
Program Services$625ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,930TotalAmt
Program Services$2,494ProgramServicesAmt
Management And General$2,436ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,545TotalAmt
Program Services$3,333ProgramServicesAmt
Management And General$212ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$7,935TotalAmt
Program Services$7,614ProgramServicesAmt
Management And General$286ManagementAndGeneralAmt
Fundraising$35FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
SEC 170 INSURANCE ADMIN$29,213$29,213
OTHER EXPENSE$1,000$550$450
BANK CHARGES$399$138$261
TAXES$30$30

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$108,677TotalAmt
Program Services$73,016ProgramServicesAmt
Management And General$35,365ManagementAndGeneralAmt
Fundraising$296FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$334,713BOYAmt
EOY$294,275EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$140,390BOYAmt
EOY$140,638EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$37,500BOYAmt
EOY$66,771EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,340BOYAmt
EOY$365EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,200BOYAmt
EOY$263EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$5,340,279BOYAmt
EOY$5,557,748EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$304,230BOYAmt
EOY$304,230EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,160,652BOYAmt
EOY$6,364,290EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$23BOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$40,000BOYAmt
EOY$29,997EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$26,300BOYAmt
EOY$18,400EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,048,839BOYAmt
EOY$6,595,079EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,115,162BOYAmt
EOY$6,643,476EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$286,708BOYAmt
EOY-$664,519EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$332,198BOYAmt
EOY$385,333EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$45,490BOYAmt
EOY-$279,186EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,160,652BOYAmt
EOY$6,364,290EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$144,448ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$324,823NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$793,947OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
IRS Written DeterminationYes (X)IRSWrittenDeterminationInd
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1MEDICAL ASSOCIATION OF GEORGIABusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN580605267EIN
Organization Type10OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C456Yes (1)SupportedOrgSectionC456Ind
Supported Org QualifiedYes (1)SupportedOrgQualifiedInd
Suprt Exclusively Sec170c2 BYes (1)SuprtExclusivelySec170c2BInd
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, SECTION A, LINE 3BTHE ORGANIZATION UTILIZED DATA IN THE PUBLIC DISCLOSURE VERSION OF THE 2020 990 FOR THE MEDICAL ASSOCIATION OF GEORGIA, TO DETERMINE THAT THE ORGANIZATION WOULD QUALIFY UNDER SECTION 509 (A)(2). THE PUBLIC SUPPORT PERCENTAGE WAS CALCULATED AND THE SUPPORTED ORGANIZATION QUALIFIED.
PART IV, SECTION A, LINE 3C:DURING 2020 NO FINANCIAL SUPPORT WAS PROVIDED TO THE SUPPORTED ENTITY.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
ACCRUED ANNUITY LIABILITIES$6,550,078
INTERCOMPANY ACCOUNTS$45,001
FieldValueIRS element (for citing)
Total Liability$6,595,079TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt-$213,899TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$324,823NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$2,100DonatedServicesAndUseFcltsAmt
Other Revenue-$793,947OtherRevenueAmt
Revenue Not Reported-$467,024RevenueNotReportedAmt
Revenue Subtotal$253,125RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$253,125TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$110,777TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$2,100DonatedServicesUseFcltsAmt
Expenses Not Reported$2,100ExpensesNotReportedAmt
Expenses Subtotal$108,677ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$108,677TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION PURSUANT TO CODE SECTION 501(A) AS EN ENTITY DESCRIBED IN CODE SECTION 501(C)(3). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE FOUNDATION FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN VALUE OF ACCRUED ANNUITY LIABILITIES -793,947.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DONALD J PALMISANO JR
MAG EXECUTIVE DIRECTOR/CEO EX-OFFICI$0$227,005$0$143,272$0$8,400$0$23,200$0$34,486$0$436,363$0$0
TOM KORNEAGY
DIRECTOR OF COMMUNICATION$0$155,554$0$35,380$0$0$0$11,555$0$11,373$0$213,862$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3MANAGEMENT DUTIES ARE PERFORMED BY A RELATED ENTITY, MEDICAL ASSOCIATION OF GEORGIA. THESE DUTIES INCLUDE BUT ARE NOT LIMITED TO, HIRING, FIRING, AND SUPERVISING PERSONNEL, PLANNING OR EXECUTING BUDGETS OR FINANCIAL OPERATIONS, OR SUPERVISING EXEMPT OPERATIONS.
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE NO COMMITTEES OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BTHE COMPLETED FORM 990, PRIOR TO BEING SIGNED, IS SENT VIA EMAIL TO ALL MEMBERS OF THE BOARD WHO ARE GIVEN A TIME WITHIN WHICH TO POSE QUESTIONS OR REQUEST CHANGES.
FORM 990, PART VI, SECTION B, LINE 12CTRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY EACH YEAR, AND AS A PART, DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART IX, LINE 11GOTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. AFFILIATE SERVICES: PROGRAM SERVICE EXPENSES 57,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,000.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF ACCRUED ANNUITY LIABILITIES -793,947.
FORM 990 PART XII LINE 2CTHERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION PROCESS, NOR OVERSIGHT OF THE FINANCIAL STATEMENTS.
FORM 990 PART I LINE 5THREE INDIVIDUALS, EMPLOYED BY A RELATED ENTITY, MEDICAL ASSOCIATION OF GEORGIA, INC. EIN 58-0605267, PERFORM PART OR FULL-TIME SERVICES FOR MEDICAL ASSOCIATION OF GEORGIA FOUNDATION, INC. MEDICAL ASSOCIATION OF GEORGIA , INC. IS THE PAYROLL MASTER AND ALL REPORTING IS MADE UNDER THEIR EIN.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
MEDICAL ASSOCIATION OF GEORGIA
1849 THE EXCHANGE SUITE 200ATLANTAGA30339580605267MEDICAL PROFESSIONAL LEAGUEGA501(C)(6)N/A0
GAMPAC
1849 THE EXCHANGE SEATLANTAGA30339580939391MEDICAL PROFESSIONAL LEAGUEGA501(C)(6)N/A0
MAG INSTITUTE FOR EXCELLENCE IN MEDICINE INC
1849 THE EXCHANGE SEATLANTAGA30339300211350MEDICAL PROFESSIONAL LEAGUEGA501(C)(6)N/A0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1MEDICAL ASSOCIATION OF GEORGIA INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypePTransactionTypeTxt
Involved$57,000InvolvedAmt
Method Of Amount DeterminationFMVMethodOfAmountDeterminationTxt