2023-05-31T12:16:33-05:00 2022-12-31 STOCKMAN KAST RYAN & CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2022-01-01 260537053 Air Force Academy Foundation % KATIE WILLEMARCK CFO AIRF 7194720300 3116 Academy Drive USAF Academy CO 80840 Katie Willemarck CFO 7194720300 2023-05-15 true Katie Willemarck 999009999 DOREEN B MERZ P00539556 7196301186 2023-05-15 2 2022 2023-04-26 12:10:37Z Katie Willemarck 3116 Academy Drive USAF Academy CO 80840 46763585 false X www.afacademyfoundation.org X 2007 DE to support the US air force Academy in its mission to develop leaders of character for the Air Force, Space Force, and nation; serving the Academy's graduates,(con'd Sch O) 57 55 38 55 0 30218457 37432099 0 0 930920 1688515 11550 10946 31160927 39131560 9307952 10809418 0 0 3425454 3997644 138045 128751 2511310 2966844 1391488 15838295 16327301 15322632 22804259 121910731 128612215 10299777 8200913 111610954 120411302 X Together with the Association of Graduates of the United States Air Force Academy, the Organization supports the Academy in its mission to develop leaders of character for the Air Force, Space Force, and nation, the organization serves the (con't on SCH O) false false 10697172 9831000 SUPPORT FOR ACADEMIC, ATHLETIC AND CHARACTER AND LEADERSHIP DEVELOPMENT PROGRAMS OF THE UNITED STATES AIR FORCE ACADEMY IN COLORADO SPRINGS, COLORADO. 1028418 1028418 DIRECT SUPPORT FOR GRADUATE PROGRAMS OF THE ASSOCIATION OF GRADUATES OF THE UNITED STATES AIR FORCE ACADEMY (THE "AOG"), INCLUDING INDIRECT SUPPORT OF THE AOG'S ACADEMIC, ATHLETIC AND CHARACTER AND LEADERSHIP DEVELOPMENT PROGRAMS OF THE UNITED STATES AIR FORCE ACADEMY IN COLORADO SPRINGS, COLORADO. 11725590 true true false false false false false false true false true false false false false true false true false false false false false true false false false true true true false false false false false false false false true true false false false true true true false false true 39 0 38 true false false false false false false false false false false false false X 57 55 false false false false false false false true true false false true true true true true true true true false AK AR CA CO CT DC HI IL KY LA ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC UT WA WV WI X X KATIE WILLEMARCK CFO 7194720300 3116 ACADEMY DRIVE USAF ACADEMY CO 80840 X Mark Hille President 40.0 1.0 X X 310378 0 44737 ROGER SMITH Vice President, Stewardship 40.0 0.0 X 200148 0 32497 Dennis Scruggs Chief Financial Officer 40.0 1.0 X 178506 0 31994 CHRISTOPHER BREWER Vice President, Development 40.0 0.0 X 176475 0 25054 KELLY BANET Senior Vice President 40.0 0.0 X 159095 0 34738 MICHAEL C GOULD Chief Executive Officer 1.0 0.0 X X 179856 0 6481 Paul Ackerman VICE PRESIDENT, ACADEMY & COMM 40.0 0.0 X 143304 0 26045 Wyatt Hornsby VICE PRESIDENT, COMMUNICATIONS 40.0 0.0 X 135375 0 23269 Dale Zschoche EXECUTIVE DIRECTOR, PLANNED GI 40.0 0.0 X 112500 0 8626 Brian Campbell EXECUTIVE DIRECTOR, DEVELOPMEN 40.0 0.0 X 111885 0 8486 Vincent Greco SENIOR DEVELOPMENT DIRECTOR 40.0 0.0 X 109234 0 8263 JOHN N KUCERA Chair 1.0 1.0 X X 0 0 0 ALEX P GILBERT Vice-Chair 1.0 1.0 X X 0 0 0 APRIL S FITZGERALD Secretary 1.0 0.0 X X 0 0 0 JEROME V BRUNI Treasurer 1.0 0.0 X X 0 0 0 TERRENCE ODONNELL Executive Committee 1.0 0.0 X X 0 0 0 R DAVID YOST Executive Committee 1.0 0.0 X X 0 0 0 TERRANCE M DRABANT Advisor to Executive Committee 1.0 0.0 X 0 0 0 WILLIAM J HYBL Honorary Director 1.0 0.0 X 0 0 0 DANA H BORN Director 1.0 0.0 X 0 0 0 JOHN D CHILDS Director 1.0 0.0 X 0 0 0 WILLIAM CLOHAN Director 1.0 0.0 X 0 0 0 EVAN M DADOSKY Director 1.0 0.0 X 0 0 0 STEPHEN M DICKSON Director 1.0 0.0 X 0 0 0 A TANNER DOSS Director 1.0 1.0 X 0 0 0 RALPH E EBERHART Director 1.0 0.0 X 0 0 0 LEONARD EKMAN Director 1.0 0.0 X 0 0 0 John M Fox Director 1.0 0.0 X 0 0 0 Jeffrey M Frient Director 1.0 0.0 X 0 0 0 Brian C Gornick Director 1.0 0.0 X 0 0 0 Alexander F Granados Director 1.0 0.0 X 0 0 0 A Bart Holaday Director 1.0 0.0 X 0 0 0 Bradley C Hosmer Director 1.0 0.0 X 0 0 0 Rashad Howard Director 1.0 0.0 X 0 0 0 Max F James Director 1.0 0.0 X 0 0 0 Edward R Jayne Director 1.0 0.0 X 0 0 0 Paul G Kaminski Director 1.0 0.0 X 0 0 0 Jonathan M Keyser Director 1.0 0.0 X 0 0 0 J Scott Kirby Director 1.0 0.0 X 0 0 0 Matthew J Kuta Director 1.0 0.0 X 0 0 0 H Michael Lambert Director 1.0 0.0 X 0 0 0 P Michael Leahy Director 1.0 0.0 X 0 0 0 Edward E Legasey Director 1.0 0.0 X 0 0 0 Rod R Little Director 1.0 0.0 X 0 0 0 Eugene Lupia Director 1.0 0.0 X 0 0 0 Stephen Macleod Director 1.0 0.0 X 0 0 0 PAUL S MADERA Director 1.0 0.0 X 0 0 0 Sarah J Marshall Director 1.0 0.0 X 0 0 0 John W Martin Director 1.0 0.0 X 0 0 0 John H Martinson Director 1.0 0.0 X 0 0 0 Richard D McConn Director 1.0 0.0 X 0 0 0 John F Olive Director 1.0 2.0 X 0 0 0 Harry J Pearce Director 1.0 0.0 X 0 0 0 Charles E Phillips Director 1.0 0.0 X 0 0 0 Gregg C Popovich Director 1.0 0.0 X 0 0 0 Edward G Reisdorf Director 1.0 0.0 X 0 0 0 Paul Rossetti Director 1.0 0.0 X 0 0 0 Richard T Schlosberg Director 1.0 0.0 X 0 0 0 Daniel J Schnepf Director 1.0 0.0 X 0 0 0 Norton A Schwartz Director 1.0 0.0 X 0 0 0 Cheryl L Shavers Director 1.0 0.0 X 0 0 0 Thomas A Stein Director 1.0 0.0 X 0 0 0 H Wesley Stowers Director 1.0 0.0 X 0 0 0 David J Strobel Director 1.0 0.0 X 0 0 0 William E Wecker Director 1.0 0.0 X 0 0 0 Mark A Welsh Director 1.0 0.0 X 0 0 0 1816756 0 250190 11 false true true Bonsai Design LLC 1601 Riverfront Dr Ste 202 GRAND JUNCTION CO 81501 Construction 1222375 HKS Inc 350 N Saint Paul St Ste 100 DALLAS TX 75201 Architectural Design 1159256 Carson Helicopters Inc 952 Blooming Glen Rd PERKASIE PA 18944 Restoration/Delivery 671900 iiCon Construction Colorado LLC 76 S Sierra Madre St Ste L COLORADO SPRINGS CO 80903 Construction 512971 Equinox Innovative Systems 8901 Herrmann Dr COLUMBIA MD 21045 Drone Manufacturing 321291 16 37432099 4600540 37432099 0 1805697 1805697 0 0 0 0 0 7514843 7632025 -117182 -117182 -117182 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 10946 10946 10946 39131560 1699461 10797644 10797644 11774 11774 0 0 1379960 261779 479190 638991 0 2082539 357662 641640 1083237 107356 39284 9597 58475 202913 35737 59726 107450 224876 33320 90935 100621 37039 31139 5900 96199 23017 72232 950 41598 0 41598 0 0 128751 128751 0 48634 48634 286588 0 277835 8753 466406 130157 184829 151420 75867 32000 32145 11722 0 12924 0 1589 11335 187474 877 26655 159942 0 73026 939 62996 9091 0 0 18858 0 8496 10362 12344 0 12344 0 DONOR DEVELOP & APPRECIATION 21049 0 21049 EMPLOYEE DEVELOPMENT 11407 8578 2829 EQUIPMENT SMALL WARES 2075 1400 243 432 16327301 11725590 2090401 2511310 X 1000 1000 23249938 26919258 27223984 42192782 0 0 0 0 0 0 0 0 0 0 127582 140904 432762 154230 159313 278532 70503867 58537230 0 0 0 0 0 0 645047 542509 121910731 128612215 876564 773796 7741303 6156993 0 0 0 0 1681910 1270124 0 0 0 0 0 0 0 0 10299777 8200913 X 3223126 1225959 108387828 119185343 111610954 120411302 121910731 128612215 X 22804259 -13669461 -334450 X false true X true false X 25596942 29449415 25771581 30193758 37432099 148443795 0 0 25596942 29449415 25771581 30193758 37432099 148443795 30496333 117947462 869893 1155601 874125 922386 1805697 5627702 0 3070 2012 4088 11550 10946 31666 154103163 0.76538 0.72464 X SCH A, PART II, LINE 1 During the 2022, the Organization determined prior year pledges had become uncollectible. Line 1, Contributions, for the following years, has been adjusted to reflect the uncollectible pledges: Column (a)2018 - $30,100, Column (b)2019 - $10,567, Column (c)2020 - $22,854, Column (d)2021 - $24,699. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 0 0 0 0 0 11750 11750 0 0 139913 98534 41379 281099 43946 237153 278532 0 0 X 25127649 -13669461 -13669461 38797110 334450 334450 39131560 16327301 16327301 16327301 Schedule D Part IV Line 2 The Organization holds funds on behalf of The Friends of the Air Force Academy Library (The Friends), a separate nonprofit organization which also supports the Academy. Schedule D Part X, Line 2 The Organization believes that it does not have any uncertain tax positions that are material to the financial statements. schedule d Part XI line 4b Uncollectible pledges netted with revenue for audit shown as adjustment to net assets under Form 990 Part XI line 9: $ 307,441 Change in value of split interest agreements: $ 27,009 ------------- Total $ 334,450 X X X true RUFFALO NOEL LEVITZ LLC 1025 Kirkwood Parkway SW Cedar Rapids IA 52404 SOLIC. OF DONATIONS false 749582 124257 625325 749582 124257 625325 AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Professional Fundraising Fees Part I, Line 1: RNL invoices Air Force Academy Foundation for Printing and Postage (separately stated on monthly invoice), and the RNL contract also breaks out those items. The total for those expenses in 2022 was $1,687. true UNITED STATES AIR FORCE ACADEMY 2304 CADET DRIVE USAF Academy CO 80840 Government 8323897 233074 See Part IV Grad Gift & Supplies See Part IV ASSOCIATION OF GRADUATES OF THE USAFA 3116 ACADEMY DRIVE USAF Academy CO 808404475 840580665 501(C)(3) 1028418 See Part IV AIR FORCE ACADEMY ATHLETIC CORPORATION 2168 FIELDHOUSE DRIVE USAF Academy CO 80840 454331061 501(C)(3) 174478 See Part IV FALCON FOUNDATION 3116 ACADEMY DRIVE USAF Academy CO 80840 756016930 501(C)(3) 37777 See Part IV Air Force Academy Real Estate Trust 3116 Academy Drive USAF Academy CO 80840 861379592 501(c)(3) 1000000 PUrchase of investments 5 0 FINANCIAL ASSISTANCE FOR DISADVANTAGED CADETS 15 11774 SCHEDULE I, PART I, LINE 2: United States Air Force Academy THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS PROVIDED TO THE UNITED STATES AIR FORCE ACADEMY BY MAINTAINING REGULAR CONTACT WITH THE UNITED STATES AIR FORCE ACADEMY SUPERINTENDENT'S OFFICE AND STAFF. Air Force Academy Athletic Corporation THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS PROVIDED TO THE AIR FORCE ACADEMY ATHLETIC CORPORATION DEPARTMENT BY MAINTAINING REGULAR CONTACT WITH THE ATHLETIC DIRECTOR'S OFFICE AND STAFF. Association of Graduates of the USAFA The Organization monitors the use of grant funds provided to the Association of Graduates of the United States Air Force Academy by maintaining regular contact with Association's directors, officers and staff, including reciprocal attendance at the Association's and the Organization's Board of Directors meetings and at various other Association and Organization meetings, events and activities. Schedule I, Part II line 1 column F Method of valuation: Actual Costs, FMV, Appraisal Schedule I, Part II line 1 column H Purpose of Grant or Assistance: 1) SCHOLAR FEES, FURNITURE & REAL PROPERTY IMPROVEMENTS 2) GENERAL ASSISTANCE TO SUPPORT ASSOCIATION PROGRAMS 3) SUPPORT FOR USAFA ATHLETIC PROGRAMS AND FACILITIES 4) FINANCIAL ASSISTANCE TO ATTEND FUNERALS OF DECEASED FAMILY MEMBERS X X X X true false false true false false false true false Mark Hille President 292454 17550 374 19185 25552 355115 Dennis Scruggs Chief Financial Officer 177258 500 748 11034 20960 210500 KELLY BANET Senior Vice President 158595 500 10011 24727 193833 ROGER SMITH Vice President, Stewardship 157940 500 41708 9847 22650 232645 CHRISTOPHER BREWER Vice President, Development 145664 30500 311 10772 14282 201529 MICHAEL C GOULD Chief Executive Officer 179856 6481 186337 Paul Ackerman VICE PRESIDENT, ACADEMY & COMM 142103 500 701 8568 17477 169349 Wyatt Hornsby VICE PRESIDENT, COMMUNICATIONS 134875 500 7751 15518 158644 Schedule J, Part I, Line 4a Severance Payment for Roger Smith: $40,000 Schedule J, Part I, Line 5a The organization has accrued deferred compensation for several individuals to be paid upon attainment of the $270 million campaign goal. Schedule J, part I, Line 7 Bonuses were paid to all qualifying employees, subject to approval by the Compensation and Executive Committees. schedule j, part 2, line 6 FORM 990, PART VII, COLUMN (D), COLUMN (F) FORM 990, PART VII, LINE 5, THE ORGANIZATION PARTICIPATES IN A COOPERATIVE OPERATING AGREEMENT WITH THE ASSOCIATION FOR AIR FORCE GRADUATES OF THE UNITED STATES AIR FORCE ACADEMY (AOG). THE AGREEMENT PROVIDES FOR SHARED LEADERSHIP, WHO SERVE ALL THE ORGANIZATIONS, AND COSTS ARE SHARED PRO-RATABLY. THROUGH THIS AGREEMENT, THE ORGANIZATION WAS DEEMED TO EMPLOY THE CHIEF EXECUTIVE OFFICER, MICHAEL GOULD. MR. GOULD WAS DEEMED TO HAVE BEEN COMPENSATED BY THE AIR FORCE ACADEMY FOUNDATION FOR $179,856 OF WAGES AND $6,481 OF BENEFITS. ALL PAYROLL TAXES AND PAYROLL RETURNS ARE FILED AND PAID BY THE ASSOCIATES FOR AIR FORCE GRADUATES FOR MICHAEL GOULD. 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. X 1 18000 FMV X 1056 FMV X 27 4577447 FMV X Football Tckts 1 1892 FMV X Fund Dinner 1 2145 FMV 1 false true true SCHEDULE M, PART I, LINE 32B: AIR FORCE ACADEMY FOUNDATION USED RUFFALO NOEL LEVITZ, LLC, A TELEMARKETER, TO SOLICIT CONTRIBUTIONS. THE ORGANIZATION ALSO USES A BROKERAGE FIRM TO SELL DONATED STOCK. THE ORGANIZATION ALSO USES A REAL ESTATE BROKER TO SELL REAL ESTATE. SCHEDULE M, PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART I, line 1, Part III, Line 1 continued the organization serves the Academy's graduates, and the Organization preserves the heritage of the Academy and the Long Blue Line. FORM 990, PART VI, SECTION B, LINE 11: THE ORGANIZATION PROVIDED THE FORM 990 TO THE ORGANIZATION'S BOARD AND AUDIT COMMITTEE FOR 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 B, LINE 15A: Compensation for the CEO AND OTHER OFFICERS IS annually determined by the compensation and Executive Committees of the Board of Directors. IN ACCORDANCE WITH THEIR POLICY, THE COMMITTEE MAKES SALARY RECOMMENDATIONS TO THE BOARD BASED ON A REVIEW OF CORROBORATING REFERENCES. THE BOARD VOTES ON ANY CHANGES TO SALARY AND IMPLEMENTS THEM ACCORDINGLY. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 17: THE ORGANIZATION HAS REGISTERED OR BEEN NOTIFIED THAT REGISTRATION IS NOT REQUIRED IN ALL 50 U.S. STATES. A COPY OF THE 990 IS FILED WITH ALL STATES REQUIRING THE FILING OF FORM 990 TO FULFILL STATE EXEMPT ORGANIZATION OR CHARITABLE SOLICITATION REPORTING REQUIREMENTS. 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. 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 VII, COLUMN (D), COLUMN (F) FORM 990, PART VII, LINE 5, SCHEDULE J, PART II, LINE 6 THE ORGANIZATION PARTICIPATES IN A COOPERATIVE OPERATING AGREEMENT WITH THE ASSOCIATION FOR AIR FORCE GRADUATES OF THE UNITED STATES AIR FORCE ACADEMY (AOG). THE AGREEMENT PROVIDES FOR SHARED LEADERSHIP, WHO SERVE ALL THE ORGANIZATIONS, AND COSTS ARE SHARED PRO-RATABLY. THROUGH THIS AGREEMENT, THE ORGANIZATION WAS DEEMED TO EMPLOY THE CHIEF EXECUTIVE OFFICER, MICHAEL GOULD. MR. GOULD WAS DEEMED TO HAVE BEEN COMPENSATED BY THE AIR FORCE ACADEMY FOUNDATION FOR $179,856 OF WAGES AND $6,481 OF BENEFITS. ALL PAYROLL TAXES AND PAYROLL RETURNS ARE FILED AND PAID BY THE ASSOCIATES FOR AIR FORCE GRADUATES FOR MICHAEL GOULD. 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. FORM 990 PART XI LINE 9 Write off of prior year pledges as uncollectible -$307,441 Change in value of split interest agreement -$ 27,009 ___________ Total -$334,450 form 990, part x, line 21 & 25 COLUMN (A) BEGINNING YEAR BALANCE: LINE 25, OTHER LIABILITIES, WAS ADJUSTED TO RECLASSIFY FUNDS HELD ON BEHALF OF THE FRIENDS OF THE AIR FORCE ACADEMY LIBRARY (THE FRIENDS), TO LINE 21. Air Force ACADEMY Real Estate Trust 3116 Academy Drive USAF Academy CO 80840 861379592 See Part VII CO 501(c)(3) 12(A) AFA FND true true true false true false false false false false false true false true true true true false false Air Force Academy Real Estate Trust B 1000000 cash AIR FORCE ACADEMY REAL ESTATE TRUST D 117047 cASH AIR FORCE ACADEMY REAL ESTATE TRUST A 17047 loan agreement Part II, Line 1B Primary activity of the Air Force Real Estate Trust is to align donor passion and generosity to serve and support the Air Force Academy through the Air Force Academy Foundation.