2024-07-10T09:17:47-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 842095604 AFA TITLE HOLDING COMPANY AFAT 7032475800 1501 LANGSTON BLVD 400 ARLINGTON VA 22209 BURTON M FIELD PRESIDENT & CEO 7032475800 2024-07-08 1 BURTON FIELD XXX-XX-XXXX 0 ROBERT WILLIAMS P01345960 5712279500 2024-07-08 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z AFA TITLE HOLDING CORPORATION BURTON M FIELD 1501 LANGSTON BLVD 400 ARLINGTON VA 22209 15575283 0 X WWW.AFA.ORG X 2019 DC TO HOLD THE TITLE OF THE DOOLITTLE BUILDING AT AFA HEADQUARTERS. X 18 18 0 22 0 0 0 0 0 0 0 7786847 688575 51429 688575 7838276 0 15580600 0 0 0 0 0 0 0 1097831 0 1097831 15580600 -409256 -7742324 7939942 0 197618 0 7742324 0 X THE AFA TITLE HOLDING CORPORATION IS A 501(C)(2) ENTITY UNDER THE AIR & SPACE FORCES ASSOCIATION THAT IS ORGANIZED FOR THE SOLE PURPOSE OF HOLDING THE REAL ESTATE ASSETS OF THE AIR & SPACE FORCES ASSOCIATION AND AFFILIATES. 0 1 BUILDING OPERATIONS:FACILITIES REVENUE AND EXPENSES FLOW THROUGH THIS PROGRAM. ANY EXCESS SURPLUS AT YEAR-END IS TRANSFERRED TO THE PARENT COMPANY, AIR & SPACE FORCES ASSOCIATION. THE ORGANIZATION SOLD ITS BUILDING AND COMMERCIAL LEASING OPERATIONS IN 2023 AND CEASED OPERATIONS. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X JOSEPH STANGL CFO 7032475825 1501 LANGSTON BLVD ARLINGTON VA 22209 BERNIE SKOCH CHAIRMAN OF THE BOARD 5.00 23.00 X X 0 0 0 JIM SIMONS FORMER VICE CHAIRMAN OF THE BOARD, FIELD OPERATION 5.00 18.00 X X 0 0 0 CHRIS CANADA VICE CHAIRMAN OF THE BOARD, FIELD OPERATIONS 5.00 18.00 X X 0 0 0 STEPHEN GOURLEY VICE CHAIRMAN OF THE BOARD, AEROSAPCE EDUCATION 5.00 13.00 X X 0 0 0 MICHAEL LIQUORI SECRETARY 5.00 8.00 X X 0 0 0 CHUCK MARTIN TREASURER 5.00 6.00 X X 0 0 0 JACKIE TROTTER NATIONAL DIRECTORS AT LARGE 1.00 3.00 X 0 0 0 LEN VERNAMONTI FORMER NATIONAL DIRECTORS AT LARGE (UNTIL SEPT 202 1.00 3.00 X 0 0 0 BILL HARDING NATIONAL DIRECTORS AT LARGE 1.00 3.00 X 0 0 0 MARK L TARPLEY NATIONAL DIRECTORS AT LARGE 1.00 3.00 X 0 0 0 GABBE KEARNEY NATIONAL DIRECTORS AT LARGE 1.00 3.00 X 0 0 0 PAUL HENDRICKS NATIONAL DIRECTORS AT LARGE 1.00 3.00 X 0 0 0 MAC MACALOON FORMER NATIONAL DIRECTOR EAST AREA (UNTIL SEPT 2 1.00 3.00 X 0 0 0 TODD FREECE NATIONAL DIRECTOR EAST AREA 1.00 3.00 X 0 0 0 JANELLE STAFFORD NATIONAL DIRECTOR CENTRAL AREA 1.00 3.00 X 0 0 0 BOBI OATES NATIONAL DIRECTOR WEST AREA 1.00 3.00 X 0 0 0 ROBIN RAND FORMER NATIONAL DIRECTORS APPOINTED (UNTIL SEPT 1.00 3.00 X 0 0 0 ROBIN RAND NATIONAL DIRECTORS AT LARGE 1.00 3.00 X 0 0 0 THOMAS DEALE NATIONAL DIRECTORS APPOINTED 1.00 3.00 X 0 0 0 KATHLEEN FERGUSON NATIONAL DIRECTORS APPOINTED 1.00 3.00 X 0 0 0 DESRAINN STEVENS-BOUDI NATIONAL DIRECTORS APPOINTED 1.00 3.00 X 0 0 0 DAVE ZORZI NATIONAL DIRECTORS APPOINTED (DEPUTY TREASURER) 1.00 3.00 X 0 0 0 BRUCE A WRIGHT PRESIDENT 5.00 35.00 X 0 538924 27251 JOSEPH STANGL CHIEF FINANCIAL OFFICER 5.00 35.00 X 0 275607 36882 DOUGLAS RAABERG EXECUTIVE VP 5.00 35.00 X 0 334410 31123 0 1148941 95256 0 0 1 0 0 379485 328056 51429 51429 51429 15195798 7408951 7786847 7786847 7786847 7838276 0 0 7838276 15580600 15580600 169775 -6426 565 0 7503826 272202 0 7939942 0 186175 11443 197618 0 X 7742324 0 0 7742324 0 7939942 0 -7742324 0 X 0 1 X 1 0 0 X PART X, LINE 2: AFA TITLE HOLDING CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED IN THE DISTRICT OF COLUMBIA AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(2) OF THE IRC. AFATHC EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. THE AFATHC TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. 0 AIR & SPACE FORCES ASSOCIATION 1501 LANGSTON BLVD SUITE 400 ARLINGTON VA 22209 526043929 501(C)(3) 15580600 0 FMV LIQUIDATION OF AFA THC 1 0 0 1 0 BRUCE A WRIGHT PRESIDENT 0 390317 0 80000 0 68607 0 25969 0 1282 0 566175 0 68607 DOUGLAS RAABERG EXECUTIVE VP 0 329678 0 4732 0 0 0 29792 0 1331 0 365533 0 0 JOSEPH STANGL CHIEF FINANCIAL OFFICER 0 271721 0 3886 0 0 0 24308 0 12574 0 312489 0 0 PART I, LINE 4B THE PRESIDENT OF AFA PARTICIPATED IN A 457(F) PLAN SPONSORED BY AFA. BENEFITS PAID TOTALED $68,607 AND IS INCLUDED IN GROSS WAGES. AFA DID NOT MAKE ANY CONTRIBUTIONS TO THE PLAN DURING 2023. BUILDING OPERATIONS NET 2023-06-30 15580600 SALES AGREEMENT 526043929 AIR & SPACE FORCES ASSOCIATION 1501 LANGSTON BLVD ARLINGTON VA 22203 501(C)(3) 0 0 0 0 0 0 0 1 0 PART I, LINE 6C: UPON DISOLUTION OF THE ORGANIZATION, AFA TITLE HOLDING COMPANY WILL FILE ARTICLES OF DISSOLUTION WITH THE DISTRICT OF COLUMBIA. FORM 990, PART III, LINE 3 THE ORGANIZATION SOLD ITS BUILDING AND COMMERCIAL LEASING OPERATIONS IN 2023 AND CEASED OPERATIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD OFFICERS AND TWO ADDITIONAL APPOINTEES OF THE BOARD CHAIRMAN. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE FULL BOARD WHEN THE FULL BOARD IS NOT IN SESSION. FORM 990, PART VI, SECTION A, LINE 6 AFA TITLE HOLDING CORPORATION SHALL HAVE ONE MEMBER, THE AIR & SPACE FORCES ASSOCIATION, A CODE SECTION 501(C)(3) TAX EXEMPT ORGANIZATION (THE "MEMBER"). FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER SHALL HAVE THE EXCLUSIVE RIGHT TO APPOINT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EXCEPT AS OTHERWISE PROVIDED BY LAW, THE ARTICLES OF INCORPORATION OR THE ORGANIZATION'S BYLAWS, ALL CORPORATE POWERS OF THE CORPORATION NOT RESERVED TO THE MEMBER SHALL BE EXERCISED BY OR UNDER THE AUTHORITY OF THE BOARD OF DIRECTORS AND THE ACTIVITIES AND AFFAIRS OF THE CORPORATION SHALL BE MANAGED BY AND UNDER THE DIRECTION AND SUBJECT TO THE OVERSIGHT OF, THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION BY AFA THC'S CPA FIRM, AFA STAFF ALONG WITH THE FINANCE COMMITTEE AND AUDIT COMMITTEE CHAIR PERFORM A THOROUGH REVIEW. A COPY OF THE FORM 990 IS THEN PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST GUIDELINES: HANDLING A CONFLICT OF INTEREST THAT ARISES AT A MEETING - A DIRECTOR SHOULD BE SENSITIVE TO ANY INTEREST HE OR SHE MAY HAVE IN A DECISION TO BE MADE BY THE BOARD OF DIRECTORS AND, INSOFAR AS POSSIBLE, RECOGNIZE THAT SUCH INTEREST EXISTS PRIOR TO THE DISCUSSION OR PRESENTATION OF SUCH A MATTER BEFORE THE BOARD. WHEN A DIRECTOR HAS AN INTEREST IN A TRANSACTION BEING CONSIDERED BY THE BOARD, HE OR SHE SHOULD DISCLOSE THE CONFLICT BEFORE THE BOARD TAKES ACTION ON THE MATTER. THE DIRECTOR SHALL REFRAIN FROM VOTING ON ANY SUCH TRANSACTION, PARTICIPATING IN DELIBERATIONS CONCERNING IT, OR USING PERSONAL INFLUENCE IN ANY WAY, THE DIRECTOR'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE QUORUM FOR ANY AIR & SPACE FORCES ASSOCIATION BUSINESS TRANSACTION IN WHICH HE OR SHE HAS A POSSIBLE INTEREST. IF THE DIRECTOR RECOGNIZES THAT THE CONFLICT IS ONGOING AND THAT THE INFORMATION DISCUSSED AT THE BOARD MEETING WILL BEAR ON THAT CONFLICT, THE DIRECTOR SHOULD NOT PARTICIPATE IN THAT PORTION OF THE DISCUSSION AND LEAVE THE ROOM. BOARD MEMBERS SIGN THE CONFLICT OF INTEREST POLICY EACH YEAR. THIS POLICY IS MONITORED BY THE MEMBERS OF THE GOVERNING BOARD CONTINUOUSLY THROUGH THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT ONLY - THE PRESIDENT'S COMPENSATION IS SET BY THE PRESIDENTS EVALUATION & COMPENSATION COMMITTEE, AN INDEPENDENT COMMITTEE, WHO REVIEWS AND DOCUMENTS COMPENSATION DELIBERATIONS ANNUALLY. THE PRESIDENT'S COMPENSATION WAS REVIEWED BY AN OUTSIDE CONSULTING FIRM. THE FIRM COMPARED THE COMPENSATION OF THE PRESIDENT TO OTHER SIMILAR ASSOCIATIONS. A LAWYER WHO SPECIALIZES IN ASSOCIATIONS WAS CONSULTED AS PART OF THIS REVIEW. THE PRESIDENT'S COMPENSATION IS PAID BY THE AIR & SPACE FORCES ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 AFA TITLE HOLDING CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND ITS FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. AIR & SPACE FORCES ASSOCIATION 1501 LANGSTON BLVD ARLINGTON VA 22209 526043929 EDUCATION OF AEROSPACE POWER AND ROLE IT PLAYS IN THE SECURITY OF THE NATION VA 501(C)(3) LINE 10 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 AIR & SPACE FORCES ASSOCIATION J 27846 COST AIR & SPACE FORCES ASSOCIATION N 184574 COST AIR & SPACE FORCES ASSOCIATION B 15580600 COST