2024-05-14T11:44:11-05:00 2023-12-31 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2023-01-01 861379592 Air Force Academy Real Estate Trust % KATIE WILLEMARCK AIRF 7194720300 3116 Academy Drive USAF Academy CO 80840 Katie Willemarck CFO 7194720300 2024-05-15 true Katie Willemarck 999009999 true DOREEN B MERZ P00841439 7196301186 2024-05-15 3 2023 2023-04-26 12:10:37Z Katie Willemarck 3116 Academy Drive USAF Academy CO 80840 839741 false X www.afacademyfoundation.org/s/1885/21 X 2021 CO We align donor passion and generosity to serve and support the Air Force Academy through the Air Force Academy Foundation. 6 6 0 8 0 1000000 480000 0 0 0 -20259 0 0 1000000 459741 0 0 0 0 0 0 0 0 0 17082 6295 17082 6295 982918 453446 2099965 2558788 117047 122424 1982918 2436364 WE ALIGN DONOR PASSION AND GENEROSITY TO SERVE AND SUPPORT THE AIR FORCE ACADEMY THROUGH THE AIR FORCE ACADEMY FOUNDATION. false false 0 0 SUPPORT THE AIR FORCE ACADEMY FOUNDATION. 0 0 0 0 true true false false false false false false false false false false false false true true false true false false false false false false false false false false false true false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false false false false false false false false false X 6 6 true false false false false false false true true false false true true true true false true true true false CO X X X KATIE WILLEMARCK 7194720300 3116 ACADEMY DRIVE USAF ACADEMY CO 80840 Mark D Hille President 1.0 40.0 X 0 405228 46933 Katie Willemarck Chief Financial Officer 1.0 40.0 X 0 190406 36463 Alexander P Gilbert chair(to 7/23),Dir.(from 7/23) 1.0 1.0 X X 0 0 0 A Tanner Doss Secretary Treas(to7/23),Chair(from 7/23) 1.0 1.0 X X 0 0 0 Jack N Kucera Director 1.0 1.0 X 0 0 0 John F Olive Director 1.0 1.0 X 0 0 0 Michael A Gismondi Director 1.0 0.0 X 0 0 0 Evan Dadosky director (from 7/2023) 1.0 1.0 X 0 0 0 0 595634 83396 0 false true false 0 100000 380000 380000 480000 0 0 0 0 0 0 0 359741 380000 -20259 -20259 -20259 0 0 0 0 0 0 0 0 0 0 459741 -20259 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 918 0 918 0 0 0 0 0 0 0 5377 5377 0 0 0 6295 0 6295 0 X 13378 472201 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2086587 2086587 0 0 0 0 0 0 0 0 2099965 2558788 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 117047 122424 117047 122424 X 0 0 1982918 2436364 1982918 2436364 2099965 2558788 453446 X X false true X true false X X X 1 AIR FORCE ACADEMY FOUNDATION 260537053 5 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFAF 122424 122424 X 480000 20259 20259 459741 459741 26554 20259 20259 6295 6295 Schedule D, Part X, Line 2 Both the Foundation and the Trust are qualified organizations exempt from federal income taxes under the provisions of 501(c)(3) of the Internal Revenue Code. In addition, both the Foundation and the Trust qualify for the charitable contribution deduction. The Organization believes that it does not have any uncertain tax positions that are material to the consolidated financial statements. schedule d, part xi, part xii line 2 b other adjustment: $20,259 loss on real property sale reported as expense in audited financial statements, reclassified to revenue for the tax return. false false false false false false false false false Mark D Hille President 295705 99502 10021 19800 27133 452161 Katie Willemarck Chief Financial Officer 189906 500 11000 25463 226869 schedule j, PART I, line 3 Compensation is determined by the Supported Organization using a Compensation Committee, Form 990 of other Organizations, Written employment contract, and Approval by the board or compensation committee. schedule j, PART I, line 7 - NON-FIXED PAYMENTS BONUSES PAID TO ALL QUALIFYING EMPLOYEES OF THE RELATED ORGANIZATION, SUBJECT TO APPROVAL BY COMPENSATION AND EXECUTIVE COMMITTEES OF THE RELATED ORGANIZATION. X 1 380000 FMV 0 false true false schedule m, column b, line 15 column b reports the number of contributions. form 990, part vi, section a, line 2 all, but one individual, of the board of directors for the Air Force Academy Real Estate Trust, also serve as either a board director or an officer of the related organization Air Force Academy Foundation (AFAF). Board officers, Mark Hille and Katie Willemarck, are compensated employees of the related organization, Air Force Academy Foundation (AFAF). since both board members of afaf and the compensated officers of afaf both serve on the filing organization simutaneously, these individuals are deemed to have a "business" relationship, based on the IRS definition of the business relationship. The following board directors have a business relationship with Mark Hille and Katie Willemarck: Alexandar Gilbert, Tanner Doss, Jack Jucera, John Olive, and Evan Dadosky. FORM 990, PART VI, SECTION B, LINE 11 b: THE ORGANIZATION PROVIDED THE FORM 990 TO THE BOARD OF DIRECTORS AND THE AUDIT COMMITTEE of the supported organization FOR THEIR REVIEW AND COMMENT BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AND ANNUALLY sOLICITS CONFLICT OF INTEREST INFORMATION FROM BOARD MEMBERS AND OFFICERS. COMPLIANCE WITH OUR CONFLICT OF INTEREST POLICY IS EMPHASIZED DURING REGULAR BOARD MEETINGS BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION PROVIDES KEY FINANCIAL, POLICY, AND OTHER INFORMATION TO THE PUBLIC VIA THE WEBSITE WWW.AFACADEMYFOUNDATION.ORG/S/1885/21. ANY DOCUMENTS THAT ARE A MATTER OF PUBLIC RECORD AND ARE NOT AVAILABLE ON THE WEBSITE ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. form 990, part x, column a, line 27 and 28 COLUMN (A) BEGINNING YEAR BALANCE: LINE 27, net assets without donor restrictions, WAS adjusted TO RECLASSIFY donor restricted net assets to LINE 28, net assets with donor restrictions. Air Force Academy Foundation 3116 Academy Drive USAF Academy CO 80840 260537053 See Part VII CO 501(c)(3) 5 None false true false true false true false false false false false false false true true true true true false false Part II, Line 1B To provide efficient and perpetual stewardship of donated gifts to the US Air Force Academy to ensure their permanency and efficacy in accordance with the donors' intent and to build a spirit of philanthropy among alumni, friends and others to motivate engagement and encourage support of the Academy's mission.