2023-05-15T15:09:30-05:00 2022-12-31 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2022-01-01 840580665 Association of Graduates of the United States Air Force Academy % KATIE WILLEMARCK ASSO 7194720300 3116 Academy Drive USAF Academy CO 808404475 katie willemarck CFO 7194720300 2023-05-15 true katie willemarck 999009999 DOREEN B MERZ P00841439 7196301186 3 2022 2023-04-26 12:10:37Z Katie Willemarck 3116 Academy Drive USAF Academy CO 808404475 12655004 false X www.usafa.org X 1968 CO Together, we serve graduates, preserve the heritage of the Academy & Long Blue Line, and support USAFA to develop leaders of character for Air Force, Space Force, and nation. 16 16 64 16 157910 0 9642723 2701946 840307 828903 4006257 3788498 1584175 744723 16073462 8064070 2218697 1925224 0 0 3366539 3320118 0 0 25171 2885482 3209549 8470718 8454891 7602744 -390821 132680804 106418834 4221918 3708216 128458886 102710618 X To be an Association and Foundation of influence and impact, supporting the Academy's enduring mission of developing leaders of character for the nation, and providing a lifetime of service to the Long Blue Line. false false 3353382 1925224 ACADEMY AND OTHER SERVICES - FUNDS UTILIZED FOR PROJECTS THAT DIRECTLY SUPPORT THE ACADEMY, CADET WING OR ALUMNI. 109868 611359 MEMBER SERVICES - FUNDS UTILIZED TO MAINTAIN INFORMATION ON GRADUATES AND TO PROVIDE NETWORKING OPPORTUNITIES AMONG GRADUATES AND SUPPORTERS. 1257257 COST OF PUBLICATIONS - FUNDS UTILIZED FOR PUBLICATION AND DISTRIBUTION OF THE ALUMNI MAGAZINE CHECKPOINTS, THE REGISTER OF GRADUATES AND VARiOUS OTHER ALUMNI AND ACADEMY RELATED PUBLICATIONS. 1017580 310451 Special Events and chapter support 553405 380507 Homecoming and Reunions 168276 Career Opportunities 69462 Special Functions 1808723 690958 6529230 true true false false false false false false true true true false false false true true true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false true 6 0 64 true true true false false false false false false false false false false false X 16 16 true false false false true true true true true false false true true true true true true true true false CO SC X X KATIE WILLEMARCK 7194720300 3116 ACADEMY DRIVE USAF Academy CO 808404475 X Michael Gould CEO (see sch o) 40.0 0.0 X 179856 0 7387 Naviere Walkewicz SVP Alumni Relations & Bus Dev 40.0 0.0 X 130500 0 11620 Corrie Grubbs SVP Operations 40.0 0.0 X 126497 0 12588 Jennifer Harwig CFO 40.0 0.0 X 116679 0 5693 Bob Lowe Chair 5.0 0.0 X X 0 0 0 Will Gunn Vice Chair 5.0 0.0 X X 0 0 0 Virginia Caine Tonneson Secretary 5.0 0.0 X X 0 0 0 Glenn Strebe Treasurer 5.0 0.0 X X 0 0 0 Hans Mueh Director 5.0 0.0 X 0 0 0 Garry Dudley Director 5.0 0.0 X 0 0 0 Mark Volcheff Director 5.0 0.0 X 0 0 0 Brian Bishop Director 5.0 0.0 X 0 0 0 Mark Mavity Director 5.0 0.0 X 0 0 0 Dennis Dabney Director 5.0 0.0 X 0 0 0 Kendra Lowe Director 5.0 0.0 X 0 0 0 Andrew Hendel Director 5.0 0.0 X 0 0 0 Emma Przybyslawski Director 5.0 0.0 X 0 0 0 Joseph Bledsoe Director 5.0 0.0 X 0 0 0 Randy Helms CAS President 5.0 0.0 X 0 0 0 Nancy Taylor Director 5.0 0.0 X 0 0 0 Mark hille president 5.0 0.0 X 0 0 0 553532 0 37288 4 false true true William Preston 171 Crystal Springs Road SAN DIMAS CA 91773 Consulting 140493 1 922537 1779409 2701946 PUBLIC ADVERTISING 511190 157910 157910 HOMECOMING AND REUNIONS 813410 380507 380507 SACC CONFERENCE 813410 290486 290486 828903 3554345 3554345 0 113399 113399 6110 13855 6110 13855 19965 19965 4264361 2150 4032358 232003 2150 234153 234153 0 0 0 0 0 0 808762 558576 250186 250186 AFAF SERVICE AGREEMENT (SEE SCH O) 900099 235820 235820 ADMIN. FEES & SERVICE CHARGES 900099 100676 100676 NON-AF SOCIAL EVENTS 900099 20183 20183 4494 4494 361173 8064070 1302317 157910 3901897 1741639 1741639 183585 183585 0 0 777157 511922 261317 3918 0 1990102 1310771 669300 10031 62314 41119 20880 315 290335 191585 97284 1466 200210 126067 73178 965 0 20868 20868 30400 30400 0 0 10461 10461 604490 395111 205838 3541 59902 45216 14686 0 854651 695631 157060 1960 0 0 198955 155250 42944 761 136452 90730 45722 0 0 664328 588820 75508 0 0 0 578966 451784 124968 2214 50076 50076 8454891 6529230 1900490 25171 X 1759146 1046741 1228 24 200000 0 173464 170903 0 0 0 0 0 0 293044 417295 206120 240226 14034402 10307997 3780925 3726405 126266840 100817240 0 0 0 0 0 0 37 0 132680804 106418834 582719 495687 0 0 2185631 2115993 0 0 1453568 1096536 0 0 0 0 0 0 0 0 4221918 3708216 X 45084652 33262072 83374234 69448546 128458886 102710618 132680804 106418834 X -390821 -12647454 -12709993 X X false true X true false X 4335454 4368973 837509 9642723 2701946 21886605 1618689 873252 172818 963847 1860893 5489499 0 0 0 5954143 5242225 1010327 10606570 4562839 27376104 2647700 2679600 1355750 3078350 0 9761400 0 2647700 2679600 1355750 3078350 0 9761400 17614704 1319754 1265776 495124 876021 3667744 7624419 0 1319754 1265776 495124 876021 3667744 7624419 0 1600000 0 0 800000 0 2400000 8873897 6508001 1505451 12282591 8230583 37400523 0.47097 0.43399 0.20386 0.13425 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 12955272 2925 -2604631 356628 9996938 11793224 101150 1407585 346687 12955272 10380223 70366 1591200 248565 11793224 20674890 -10413513 220970 102124 10380223 18777325 1709848 343179 155462 20674890 0.44530 0.55470 0.00000 true false 10765783 8159575 2606208 2551869 1790459 761410 716750 357963 358787 3726405 0 0 X -17303838 -12647454 -12709993 -25357447 8053609 10461 10461 8064070 8444430 8444430 10461 10461 8454891 SCHEDULE D, PART iV, LINE 2b The Association holds and invests monies in certain graduate classes of the Academy for those classes' activities at future dates and for other organizations. These funds are classified as agency deposits and are recorded at fair value. SCHEDULE D, PART V, LINE 4 THE TEMPORARY RESTRICTED ENDOWMENT EARNINGS OF THE ASSOCIATION OF GRADUATES' ENDOWMENT FUNDS ARE USED TO FUND SPECIFIC PROGRAMS AND PROJECTS OF THE UNITED STATES AIR FORCE ACADEMY, AS SPECIFIED BY THE ORIGINAL DONORS OF THOSE FUNDS, AS WELL AS TO MAINTAIN DOOLITTLE HALL, WHICH IS THE HEADQUARTERS AND OPERATING LOCATION OF THE ORGANIZATION. SCHEDULE D, PART X, LINE 2 THE ASSOCIATION IS A QUALIFIED ASSOCIATION EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ASSOCIATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION. THE ASSOCIATION BELIEVES THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D other adjustment: CHANGE IN FAIR VALUE - TRUST INTEREST $(12,709,993) true Air Force Institute of Technology 2950 Hobson Way WPAFB OH 45443 311190492 501(c)(3) 112509 Endowed scholarships for graduating Air Force Academy cadets. Falcon Foundation 3116 Academy Drive USAF Academy CO 80840 756016930 501(c)(3) 32750 To provide private funding to the USAFA to help accomplish its mission of providing an extra margin of excellence for cadets. United States Air Force Academy 2304 Cadet Drive Ste 3300 USAFA CO 80840 260537053 Government 1059628 To provide support Air Force Academy Foundation 3116 Academy Drive USAFA CO 80840 260537053 501(c)(3) 199000 Support Foundation Projects Class of 2010 Foundation 3019 West Saint Vrain Street Colorado Springs CO 80904 873531234 130895 5 0 Georgetown University 2 167930 Scholarships 1 15655 SCHEDULE I, PART I, LINE 2 THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY MAINTAINING REGULAR CONTACT WITH THE STAFF OF RECIPIENT ORGANIZATIONS AND PERIODICALLY REVIEWING RECIPIENT ORGANIZATIONS' ACTIVITIES AND ATTENDING JOINT FUNCTIONS. SCHOLARSHIPS FUNDS ARE PAID DIRECTLY TO THE SCHOLARSHIP RECIPIENT'S EDUCATIONAL INSTITUTION. X X X X X false false false false false false false true false Michael Gould CEO (see sch o) 134856 45000 6481 906 187243 Mark hille president Schedule J, Part i, line 7 BONUSES WERE PAID TO QUALIFYING EMPLOYEES, SUBJECT TO APPROVAL BY COMPENSATION AND EXECUTIVE COMMITTEES. schedule j, part 2, line 1 & 2 SEE SCHEDULE O DISCLOSURE REFERENCING FORM 990, PART VII, COLUMN (D), COLUMN (F) FOR AN EXPLANATION OF MR. GOULD's AND MR. HILLE'S COMPENSATION, as related TO THE COOPERATIVE OPERATING AGREEMENT WITH THE AIR FORCE ACADEMY FOUNDATION AND THE AIR FORCE ACADEMY REAL ESTATE TRUST. Form 990, Part III, Line 3 continued WORKING IN PARTNERSHIP WITH THE ACADEMY TO PRODUCE AND FOSTER GRADUATES WITH AN ENDURING COMMITMENT TO INTEGRITY, EXCELLENCE, AND SERVICE TO COUNTRY. II. PROVIDING LEADERSHIP, COMMUNICATION, AND SUPPORT TO ALL THE ACADEMY'S GRADUATES AND PROMOTING CAMARADERIE AMONG THEM. III. PROMOTING THE ACADEMY'S HERITAGE, OUR COMMON TRADITIONS, AND THE ACCOMPLISHMENTS OF OUR GRADUATES TO WORK IN SUPPORT OF THE AIR FORCE, THE ACADEMY AND THE GRADUATES TO RAISE PRIVATE FUNDS TO SUPPORT AND DEVELOP ACADEMY, CADET AND GRADUATE PROGRAMS THAT WOULD OTHERWISE NOT BE FUNDED. Form 990, Part III, Line 4d HOMECOMING AND REUNIONS - FUNDS UTILIZED TO PROVIDE EVENTS AND ACTIVITIES FOR U.S. AIR FORCE ACADEMY HOMECOMING AND CLASS REUNIONS. Form 990, Part VI, Section A, Line 2 Board member bob lowe AND board member Kendra Lowe ARE RELATED AS DEFINED BY THE IRS DEFINITION OF A FAMLY RELATIVE. Form 990, Part VI, Section A, Line 6 The organization has the following membership categories: (1) Graduate membership is granted to all graduates of the Academy; (2) Honorary membership may be awarded to non-graduates who have rendered outstanding and conspicuous service to the Air Force, the Academy and/or the AOG. Honorary members must be recommended by a member of the Board and receive at least 80 percent acceptance of all Directors. Honorary membership is restricted to 25 living persons. Honorary members will not pay dues and will be eligible for all the benefits of membership but may not vote in elections; (3) Associate membership has been awarded in the past to non-graduates who were identified by the Chief Executive Officer (CEO) as friends of the Academy. Associate members pay annual dues or have become life associate members. Associate members are eligible for all the benefits of membership and may vote, and (4) Affiliate membership may be awarded to non-graduates who have been identified by the CEO as friends of the Academy. Affiliate members pay annual dues or can become life affiliate members by paying a lifetime fee. Affiliate members are eligible for all the benefits of membership but may not vote in elections. Each Graduate and associate member has one vote, and may not allocate their vote to anyone else. Form 990, Part VI, Section A, Line 7a ELECTIONS ARE HELD BIENNIALLY AND APPROXIMATELY HALF OF THE ELECTED DIRECTORS ARE ELECTED TO 4-YEAR TERMS. CANDIDATES ARE PLACED ON THE BALLOT BY THE NOMINATING COMMITTEE OR BY PETITION OF 25 MEMBERS. ALL GRADUATE MEMBERS ARE NOTIFIED BY MAIL, EMAIL, AND OTHER MEANS OF HOW THEY MAY BECOME A CANDIDATE. ALL MEMBERS WHO ARE ELIGIBLE TO VOTE TO RECEIVE NOTICE OF HOW TO CAST THEIR BALLOT. CANDIDATES RECEIVING THE MOST VOTES ARE ELECTED TO THE BOARD. Form 990, Part VI, Section A, Line 7b Graduate and associate members may vote in elections of directors, to amend the Articles of Incorporation and/or Bylaws, and on any issues submitted to the membership by the Board. Each member has one vote and may not allocate their vote to anyone else. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE SUBMITTED TO THE AUDIT COMMITTEE, THEN EACH MEMBER OF THE BOARD OF DIRECTORS PHYSICALLY OR BY ELECTRONIC TRANSMISSION PRIOR TO ITS FILING DUE DATE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS REVIEWED, UPDATED, IF NECESSARY, AND PRESENTED TO THE BOARD EACH AUGUST. ALL DIRECTORS and officers MUST REVIEW AND SIGN THE STATEMENT DECLARING THAT THERE ARE NO CONFLICTS OF INTEREST, OR THAT THEY MUST REPORT WHEN THEY HAVE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A & B THE COMPENSATION FOR THE CEO IS DETERMINED BY A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FROM COMPARATIVE DATA FOR OTHER ASSOCIATION EXECUTIVES: THE CEO APPROVES THE COMPENSATION OF OTHER OFFICERS AND EMPLOYEES OF THE ORGANIZATION, AS RECOMMENDED BY THE SENIOR STAFF IN BUDGET PREPARATIONS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS POSTED ON THE ORGANIZATION'S WEBSITE AFTER FILING; THE FORM 1023 WAS FILED PRIOR TO 1985 AND IS NOT AVAILABLE TO PUBLIC INSPECTION: THE FORM 990-T AND FORM 990 PUBLIC INSPECTION COPIES ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. FORM 990, PART VII, COLUMN (D), COLUMN (F) FORM 990, PART VII, LINE 5 FORM 990, PART VIII, LINE 11A SCHEDULE J, PART II, LINE 1, 2 THE ORGANIZATION PARTICIPATES IN A COOPERATIVE OPERATING AGREEMENT WITH THE AIR FORCE ACADEMY FOUNDATION. THE AGREEMENT PROVIDES FOR SHARED LEADERSHIP, WHO SERVE ALL THE ORGANIZATIONS, AND COSTS ARE SHARED PRO-RATABLY. THROUGH THIS AGREEMENT, THE ORGANIZATION RECEIVED REIMBURSEMENT FOR THE CHIEF EXECUTIVE OFFICER, MICHAEL C.GOULD'S, COMPENSATION IN THE AMOUNT OF $179,856 OF WAGES, AND $6,481 OF BENEFITS. THE REIMBURSEMENT FOR THIS COMPENSATION IS REPORTED ON THE STATEMENT OF REVENUE, FORM 990, PART 8, LINE 11A, WITHIN THE TOTAL OF "AFAF AGREEMENT". The total of all compensation and benefits paid to mr. gould, for for his work on all organizations, has been reported within the Statement of Functional on line 5. ALL PAYROLL TAXES AND PAYROLL RETURNS ARE FILED AND PAID BY THE ASSOCIATES FOR AIR FORCE GRADUATES. THE TOTAL FOR MR. GOULD'S 2022 FORM W2 WAS $359,711, AND THE TOTAL BENEFITS HE RECEIVED WAS $13,869 FOR THE 2022 CALENDAR YEAR. THE PRO-RATA SHARE OF THESE WAGES AND BENEFITS, DEEMED TO HAVE BEEN PAID BY AOG, AND EXCLUDING THE REIMBURSED COMPENSATION AMOUNTS from the AIR FORCE ACADEMY FOUNDATION, have BEEN REFLECTED ON THE FORM 990 PART VII, LINE 1, AND SCHEDULE J, PART 2, LINE 1 : $179,856 OF WAGES AND $7,387 OF BENEFITS. MARK HILLE, A FULL-TIME EMPLOYEE OF THE AIR FORCE ACADEMY FOUNDATION, ALSO SERVED AS AN UNCOMPENSATED OFFICER OF THE ASSOCIATES OF GRADUATES, HOLDING THE POSITION OF PRESIDENT. FOR 2022, THE AOG WAS NOT DEEMED TO HAVE COMPENSATED MR. HILLE. Form 990, part x, line 21, 25 COLUMN (A) BEGINNING YEAR BALANCE: LINE 21, escrow and custodial accounts WAS ADJUSTED TO RECLASSIFY agency funds Liability, from LINE 25, Other liabilities. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART XI, LINE 9 Other changes in net assets: CHANGE IN FAIR VALUE - TRUST INTEREST $(12,709,993)