2025-05-14T12:19:04-05:00 2024-12-31 351476702 BRADY WARE & SCHOENFELD INC 3601 RIGBY ROAD SUITE 400 DAYTON OH 45342 990 2024-01-01 310668800 THE AIR FORCE MUSEUM FOUNDATION INC AIRF 9372581218 PO BOX 33624 WRIGHT PATTERSON AFB OH 454330624 MR SCOTT E LUNDY TREASURER 9372581218 2025-05-01 1 0 MARY T COLEGATE CPA P00197566 9372235247 2025-04-29 2024 2025-03-06 01:10:19Z MR SCOTT E LUNDY PO BOX 33624 WRIGHT PATTERSON AFB OH 454330624 16576692 0 X WWW.AIRFORCEMUSEUM.COM X 1966 OH SUPPORT OF THE NATIONAL MUSEUM OF THE UNITED STATES AIR FORCE. 30 30 101 63 0 0 3465768 2750756 1513313 1518974 1924671 1696803 3136030 3123177 10039782 9089710 0 0 0 0 3820866 4128718 0 0 1478103 3171209 3239500 6992075 7368218 3047707 1721492 30114151 32878508 723648 700140 29390503 32178368 X TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF THE NATIONAL MUSEUM OF THE UNITED STATES AIR FORCE AND TO PORTRAY AND PRESERVE THE HISTORY OF THE UNITED STATES AIR FORCE AND ITS PREDECESSOR SERVICES BY EXHIBITING AERONAUTICAL ITEMS ASSOCIATED WITH CELEBRATED EVENTS, IMPORTANT ERA AND NOTABLE ACHIEVEMENTS OF THE AIR FORCE. 0 0 3399530 4649618 OPERATION OF A MUSEUM STORE (INCLUDING A SIGNIFICANT BOOK STORE OF USAF AND RELATED EDUCATIONAL MATERIALS), AIR FORCE MUSEUM THEATRE, SIMULATORS, AND EVENTS IN ACCORDANCE WITH THE FOUNDATION'S EXEMPT PURPOSE. OPERATION OF A SMALL CAFE-STYLE EATING FACILITY. OPERATIONS INCLUDE PUBLICIZING THE MUSEUM AND FURTHERING ITS EDUCATIONAL BENEFITS TO NEARLY 1 MILLION VISITORS/YEAR. 1184447 1120 PROVIDE ASSISTANCE FOR MUSEUM OPERATIONS, INCLUDING FACILITY IMPROVEMENTS, PROMOTION OF THE MUSEUM AND ITS MANY VARIED ACTIVITIES, SUPPORT FOR THE VOLUNTEER PROGRAM AND VOLUNTEER RECOGNITION, SUPPORT FOR EXHIBITS AND RESTORATIONS, SUPPORT FOR TRAVELING TEMPORARY EXHIBIT, SUPPORT FOR THE MUSEUM EDUCATIONAL PROGRAMS INCLUDING SPACE CAMP, TEACHER TRAINING, HOME SCHOOL EVENTS, AND OTHER EDUCATIONAL ACTIVITIES AND SUPPORT FOR MUSEUM SPECIAL EVENTS SUCH AS MILITARY GROUP REUNIONS, CONCERTS, EXHIBIT OPENINGS, ETC. 4583977 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 101 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X MR SCOTT E LUNDY TREASURER 9372581218 PO BOX 33624 WRIGHT PATTERSON AFB OH 45433 CMSAF RET GERALD R MURRAY CHAIR 2.50 X X 0 0 0 MS PATRICIA YOUNG VICE CHAIR 1.10 X X 0 0 0 GEN RET LESTER L LYLES SECRETARY 2.00 X X 0 0 0 MR SCOTT E LUNDY TREASURER 3.00 X X 0 0 0 MS ANGELA L BILLINGS TRUSTEE 1.40 X 0 0 0 COL RET JAMES F BLACKMAN TRUSTEE 0.90 X 0 0 0 MR JOHN G BRAUNEIS TRUSTEE 1.80 X 0 0 0 LT COL RET JOHN PAUL CLARKE TRUSTEE 0.80 X 0 0 0 COL RET JEFFREY COLEMAN TRUSTEE 0.70 X 0 0 0 MS LINDA Y CURETON TRUSTEE 0.70 X 0 0 0 DR JAY DEFRANK TRUSTEE 0.60 X 0 0 0 MS ANITA O EMOFF TRUSTEE 3.50 X 0 0 0 MR SCOTT FISHER START 1124 TRUSTEE 0.00 X 0 0 0 BRIG GEN RET ROBERT P GIVENS TRUSTEE 0.60 X 0 0 0 MR BENJAMIN T GUTHRIE (END 05/24) TRUSTEE 0.70 X 0 0 0 MR WALTER A HIBNER TRUSTEE 0.90 X 0 0 0 MR JAMES L JENNINGS TRUSTEE 1.70 X 0 0 0 MR SCOTT L JONES TRUSTEE 1.40 X 0 0 0 MR KI HO KANG TRUSTEE 0.90 X 0 0 0 MR JAMAR T KING START 1124 TRUSTEE 0.00 X 0 0 0 DR THOMAS J LASLEY II TRUSTEE 1.10 X 0 0 0 MAJ GEN RET EDWARD P MAXWELL TRUSTEE 1.00 X 0 0 0 COL RET DONALD R MCMONAGLE TRUSTEE 0.80 X 0 0 0 LT GEN RET CD MOORE II (END 05/24) TRUSTEE 2.80 X 0 0 0 MS NOEL NOLTA TRUSTEE 1.20 X 0 0 0 GEN RET GARY L NORTH TRUSTEE 0.80 X 0 0 0 DR MARTIQUA L POST TRUSTEE 0.70 X 0 0 0 MR EDGAR M PURVIS JR TRUSTEE 1.30 X 0 0 0 MAJ GEN RET FREDERICK F ROGGERO TRUSTEE 2.10 X 0 0 0 MAJ GEN RET CARL M SKINNER TRUSTEE 1.00 X 0 0 0 MS TRICA SLOAN TRUSTEE 0.80 X 0 0 0 MR RANDY TYMOFICHUK TRUSTEE 0.50 X 0 0 0 DR RORIE CARTIER CEO 50.00 X 283712 0 23223 MR CHRISTOPHER ADKINS-LAMB CHIEF DEVELOPMENT OFFICER 50.00 X 170522 0 20104 MS MELINDA LAWRENCE DIRECTOR, RETAIL 50.00 X 114434 0 6140 MS MARY FESSLER DIRECTOR, MARKETING & COMMUNICATIONS 50.00 X 102288 0 14036 670956 0 63503 4 0 1 0 0 2750756 14730 2750756 THEATRE REVENUE 512000 1517854 1517854 MUSEUM OPERATIONS 512000 1120 1120 1518974 792947 792947 6351383 5444647 2880 906736 -2880 903856 903856 8587 -8587 -8587 5133879 2030868 3103011 3103011 MAIL ORDER FEES 512000 22528 22528 6225 6225 28753 9089710 4650738 0 1688216 734459 291619 239399 203441 2845990 1615620 476286 754084 109716 69014 21435 19267 156006 102389 18290 35327 282547 158681 46987 76879 22504 22504 32780 32780 191662 191662 113747 1331 7118 105298 54153 40318 280 13555 399344 321402 18443 59499 25673 20987 222 4464 3962 3962 34758 6414 1871 26473 97368 45543 22166 29659 39344 20275 19069 MUSEUM OPERATIONS 1075477 1075477 THEATRE OPERATIONS 450295 450295 SERVICE CONTRACTS 404437 192070 164081 48286 PRINTING 160582 87582 1189 71811 133414 84960 18394 30060 7368218 4583977 1306138 1478103 20700 20700 4237144 3473721 221809 165398 88864 292565 202077 218032 311581 211041 1892735 1500529 434855 392206 24574772 28018773 22349 86072 0 30114151 32878508 673699 650671 49949 49469 723648 700140 X 27889986 30670562 1500517 1507806 29390503 32178368 30114151 32878508 X 1721492 888031 176250 2092 X X 0 1 X 1 0 X 2372870 2878669 2635372 3465768 2750756 14103435 2372870 2878669 2635372 3465768 2750756 14103435 551451 13551984 359896 385718 472690 633505 792947 2644756 -803 4878 4075 65944 28182 27202 36998 28753 187079 16939345 17089031 0.80000 0.80650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 229352 69531 159821 1663382 1430998 232384 392206 X 12014872 888031 187250 2089 1077370 10937502 -1847792 -1847792 9089710 9229890 11000 2880 1847792 1861672 7368218 0 7368218 PART X, LINE 2: ACCOUNTING STANDARDS REQUIRE THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS, TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THIS STATEMENT PROVIDES THAT A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS "MORE-LIKELY-THAN-NOT" THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. BASED ON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE THE FOUNDATION HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITION THAT WOULD PLACE THE FOUNDATION'S EXEMPT STATUS IN JEOPARDY, AS OF DECEMBER 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET PRESENT VALUE OF PLEDGES 2,089. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,030,868. SPECIAL EVENTS EXPENSE -8,587. INVESTMENT EXPENSE 191,662. ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,030,868. SPECIAL EVENTS EXPENSE 8,587. INVESTMENT EXPENSE -191,662. ROUNDING -1. X 0 0 0 0 0 0 0 0 0 DR RORIE CARTIER CEO 221712 0 62000 0 0 0 14600 0 8623 0 306935 0 0 0 MR CHRISTOPHER ADKINS-LAMB CHIEF DEVELOPMENT OFFICER 148736 0 21786 0 0 0 9062 0 11042 0 190626 0 0 0 PART I, LINE 3 THE CEO'S SALARY IS SET AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT AUDITED FINANCIAL STATEMENTS AND THE FORM 990 WERE PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT PRIOR TO THE ANNUAL MEETING ON MAY 9, 2025. THE INDEPENDENT AUDITOR MEETS FORMALLY WITH THE MEMBERS OF THE AUDIT & RISK COMMITTEE WHO REVIEW THE AUDITED FINANCIAL STATEMENTS IN DETAIL AS WELL AS THE GOVERANCE DETAILS OF THE FORM 990. THE INDEPENDENT AUDITORS PRESENTED A SUMMARY OF THE AUDITED FINANCIAL STATEMENTS TO THE FULL BOARD AND ANSWERED ANY QUESTIONS RELATING TO THE FORM 990. THE FORM 990 WAS APPROVED BY UNANIMOUS CONSENT OF THE BOARD OF TRUSTEES ON MAY 9, 2025. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION EXECUTIVE OFFICE QUERIES EACH MEMBER OF THE BOARD OF TRUSTEES ANNUALLY ON MATTERS RELATING TO 'CONFLICT OF INTEREST'. EACH MEMBER IS REQUIRED TO DISCLOSE ANY INFORMATION INVOLVING FAMILY, OTHER ORGANIZATIONS OR BUSINESS RELATIONSHIPS THAT MIGHT BE CONSTRUED AS A CONFLICT OF INTEREST WITH THEIR MEMBERSHIP ON AND/OR DUTIES OF THE BOARD OF TRUSTEES. MEMBERS ARE REQUIRED TO CERTIFY IN WRITING THAT ALL INFORMATION WHICH MIGHT BE RELEVANT HAS BEEN DISCLOSED. THE SURVEY CONFLICT CONCERNS ARE REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD FOR COMPLIANCE, AND POTENTIAL CONFLICTS ARE RESOLVED BY CONTACT BETWEEN THE EXECUTIVE COMMITTEE AND THE MEMBER INVOLVED, IF POSSIBLE. EXTENDED INVESTIGATIONS, WHEN WARRANTED, WILL BE HANDLED BY PERSONS APPOINTED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION OPERATES IN A MILITARY FACILITY AND REVIEWS THE BLS COST OF LIVING INFORMATION, MILITARY AND CIVILIAN PERCENTAGE PAY INCREASE AND PERIODICALLY INDEPENDENT PAY ANALYSIS TO DETERMINE A PERCENTAGE PAY ADJUSTMENT FOR ALL FOUNDATION EMPLOYEES. THE PERCENTAGE INCREASE IS APPLIED TO THE FOUNDATION PAY-GRID AND MINOR ADJUSTMENTS APPLIED TO ANY POSITIONS WHICH WARRANT SUCH ADJUSTMENT. THE PAY INCREASE IS PRESENTED TO THE TREASURER OF THE FOUNDATION WHO COORDINATES ITS APPROVAL WITH THE BOARD OF TRUSTEES. THE FULL BOARD APPROVES THE BUDGET WHICH INCLUDES PAY INCREASES AND BONUSES. THE CEO'S BONUS IS APPROVED BY FULL BOARD AS WELL IN A SEPARATE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE BY-LAWS, FINANCIAL DOCUMENTS, FORM 990 AND 'CONFLICT OF INTEREST' POLICY ARE AVAILABLE FOR REVIEW AT THE AIR FORCE MUSEUM FOUNDATION OFFICE UPON WRITTEN REQUEST. SPECIFIC DOCUMENTS MAY ALSO BE MADE AVAILABLE VIA ELECTRONIC TRANSFER OR FAX WHEN A REVIEWER SO REQUESTS IN WRITING. FORM 990, PART XI, LINE 9: NET PRESENT VALUE OF PLEDGES 2,089. ROUNDING 3. FORM 990, PART XII, LINE 2C THE PROCESS TO OVERSEE THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.