2021-06-11T07:36:32-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2020-01-01 526043929 AIR FORCE ASSOCIATION AIRF 7032475800 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091109 BRUCE WRIGHT PRESIDENT 7032475800 2021-06-04 1 BRUCE WRIGHT XXX-XX-XXXX MICHAELA CROMAR CPA P00895728 5712279500 2021-05-30 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRUCE WRIGHT 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091109 37767058 0 5392 X WWW.AFA.ORG X 1956 VA PROMOTE DOMINANT U.S. AIR & SPACE FORCE, STRONG NATIONAL DEFENSE, HONOR AIRMEN & OUR HERITAGE. 19 19 75 1250 1169688 0 7720242 8198714 10470609 6832710 1492998 1817804 1064207 2314506 20748056 19163734 1370673 327124 0 0 8638427 8595660 377675 216508 607005 8196160 5579913 18582935 14719205 2165121 4444529 35952203 41846008 22133321 23850704 13818882 17995304 X THE AIR FORCE ASSOCIATION (AFA) IS A NONPROFIT, INDEPENDENT, PROFESSIONAL MILITARY, AND AEROSPACE EDUCATION ASSOCIATION. IT'S MISSION IS TO PROMOTE DOMINANT U.S. AIR AND SPACE FORCES AS THE FOUNDATION OF A STRONG NATIONAL DEFENSE; TO HONOR ANDCONT'D: SUPPORT OUR AIRMEN, GUARDIANS, AND THEIR FAMILIES; AND TO REMEMBER AND RESPECT OUR ENDURING HERITAGE. 0 1 2485306 0 3084358 CONFERENCE, SYMPOSIUM, EVENT:AFA HOSTS MAJOR NATIONAL EVENTS TO FACILITATE ETHICAL DIALOG AMONG SENIOR GOVERNMENT AND MILITARY OFFICIALS, AEROSPACE AND OTHER INDUSTRY LEADERS, AIRMEN, SPACE PROFESSIONALS, MEDIA REPRESENTATIVES, EDUCATORS, AND INTERESTED MEMBERS OF THE PUBLIC AND TO PROMOTE INNOVATION, EDUCATION, AND PROFESSIONAL DEVELOPMENT. AFA'S AIR SPACE & CYBER CONFERENCE IS OUR LARGEST ANNUAL EVENT, WHICH WAS HELD VIRTUALLY THIS YEAR DUE TO COVID-19, WITH OVER 10,000 REGISTRANTS. 2467101 0 4526 AIR FORCE MAGAZINE:AFA'S AIR FORCE MAGAZINE (WWW.AIRFORCEMAG.COM) AND ITS DAILY REPORT E-MAIL NEWSLETTER REPORT ON NEWS, TRENDS, TECHNOLOGY, AND DEVELOPMENTS IN THE US AIR FORCE, AIRPOWER, AND NATIONAL SECURITY. THE ANNUAL AIR FORCE MAGAZINE USAF ALMANAC FEATURES A COMPREHENSIVE COMPENDIUM OF AIR FORCE STATISTICS, HISTORICAL BUDGET AND PERSONNEL DATA, MAPS AND PROFILES OF EVERY AIRCRAFT AND WEAPON SYSTEM IN THE INVENTORY. 2432940 0 0 THE MITCHELL INSTITUTE FOR AEROSPACE STUDIES:THE MITCHELL INSTITUTE FOR AEROSPACE STUDIES HARNESSES SEASONED TALENT TO POSITIVELY INFLUENCE THE NATIONAL SECURITY DEBATE BY COGENTLY ARTICULATING HOW THE DOMAINS OF AIR, SPACE, AND CYBER CAN PRUDENTLY ADVANCE THE NATION'S INTERESTS WITHOUT PROJECTING UNDUE LIABILITY AND VULNERABILITY. PRODUCTS INCLUDE SCHOLARLY REPORTS, BRIEFINGS AND VARIOUS OP-EDS TO HELP DEFENSE POLICY PRACTITIONERS, POLICY EXPERTS, AIRPOWER ENTHUSIASTS AND THE GENERAL PUBLIC BETTER UNDERSTAND SPECIFIC TOPICS OF INTEREST.RESTRICTED MITCHELL INSTITUTE CONTRIBUTIONS TOTALED $3,273,906. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 1954700 52000 477984 CYBERPATRIOT:CYBERPATRIOT IS THE AFA'S NATIONAL YOUTH CYBER EDUCATION PROGRAM CREATED TO ADDRESS A VITAL NATIONAL NEED BY DRAWING STUDENTS TO EDUCATION AND CAREERS IN SCIENCE TECHNOLOGY, ENGINEERING, AND MATHEMATICS. THE CORE ELEMENT OF THE PROGRAM IS THE NATIONAL YOUTH CYBER DEFENSE COMPETITION WHICH PUTS MIDDLE AND HIGH SCHOOL STUDENTS IN CHARGE OF SECURING VIRTUAL NETWORKS. OTHER PROGRAM ELEMENTS ARE AFA CYBERCAMPS, THE ELEMENTARY SCHOOL CYBER EDUCATION INITIATIVE, A CHILDREN'S LITERATURE SERIES AND CYBERGENERATIONS, THE SENIOR CITIZENS' CYBER SAFETY INITIATIVE. RESTRICTED CYBERPATRIOT CONTRIBUTIONS TOTALED $2,407,139. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 1202558 0 2096154 MEMBERSHIP & FIELD SERVICES:MEMBERSHIP DUES HELP AFA ADVANCE ITS MISSION WITH PRODUCTS LIKE AIR FORCE MAGAZINE AND PROGRAMS LIKE THE WOUNDED AIRMAN PROGRAM. MEMBERS RECEIVE A VARIETY OF BENEFITS, INCLUDING THE MONTHLY MAGAZINE, DISCOUNTS ON PRODUCTS, AND DISCOUNTS ON THE 2 MAJOR EVENTS HELD EACH YEAR. AFA IS LED BY VOLUNTEER LEADERS AT THE NATIONAL, STATE AND LOCAL LEVELS. 345205 184092 0 AEROSPACE EDUCATION AND PUBLIC AWARENESS:AFA IS DEDICATED TO ENSURING AMERICA'S AEROSPACE EXCELLENCE THROUGH EDUCATION SCHOLARSHIPS, GRANTS, AWARDS, AND PUBLIC AWARENESS. PARTNERSHIPS WITH GROUPS LIKE CIVIL AIR PATROL AND ARNOLD AIR SOCIETY/SILVER WINGS HELP US REACH THE NEXT GENERATION OF AIRPOWER ENTHUSIASTS.RESTRICTED AEROSPACE EDUCATION CONTRIBUTIONS TOTALED $244,450. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 149006 37500 STELLARXPLORERS:STELLARXPLORERS IS AN EDUCATIONAL PROGRAM DESIGNED TO INSPIRE AND ATTRACT STUDENTS TO PURSUE CAREERS IN STEM PROGRAMS THROUGH A CHALLENGING, SPACE SYSTEM DESIGN COMPETITION INVOLVING ALL ASPECTS OF SYSTEM DEVELOPMENT AND OPERATION WITH A SPACECRAFT/PAYLOAD FOCUS. RESTRICTED STELLARXPLORERS CONTRIBUTIONS TOTALED $704,610. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 36183 11032 0 WOUNDED AIRMAN PROGRAM:AFA CONTINUES TO EXPAND OUR FOCUS ON THE TOTAL AIR FORCE FAMILY, WHICH INCLUDES MILITARY SPOUSES, CHILDREN, WINGMEN, AND FAMILIES. AID HAS RANGED FROM FINANCIAL SUPPORT, TO LODGING FOR CAREGIVERS DURING HOSPITAL STAYS, AND INVOLVEMENT IN ADAPTIVE SPORTING EVENTS.RESTRICTED WOUNDED AIRMAN CONTRIBUTIONS TOTALED $127,285. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 669927 42500 0 OTHER PROGRAMS:OTHER PROGRAM SERVICES INCLUDE LEGISLATIVE AFFAIRS, COMMUNICATIONS, AFFINITY PROGRAMS, AND DEVELOPMENT OPERATIONS. 4357579 327124 2574138 11742926 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 38 0 75 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 AL AR CA CT FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OK OR PA RI SC TN UT VA WI WV X JOSEPH STANGL CFO 7032475825 1501 LEE HIGHWAY SUITE 400 ARLINGTON VA 222091109 BRUCE A WRIGHT PRESIDENT 35.00 5.00 X 503652 0 73755 DAVID DEPTULA DEAN, MITCHELL INSTITUTE 40.00 X 459971 0 52121 DOUGLAS RAABERG EXECUTIVE VP 35.00 5.00 X 285849 0 40839 BERNARD SKOCH COMMISSIONER, CYBERPATRIOT 40.00 X 257509 0 34331 MARK GUNZINGER DIR, GOVERN'T PROGRAMS & WARGAMING MITCHELL 40.00 X 215771 0 69071 HEATHER PENNEY SR RESIDENT FELLOW, MITCHELL INSTITUTE 40.00 X 192997 0 51476 JOSEPH STANGL CHIEF FINANCIAL OFFICER 35.00 5.00 X 173743 0 63354 DOUG BIRKEY EXEC DIR, MITCHELL INSTITUTE 40.00 X 200130 0 8613 GERALD R MURRAY CHAIRMAN OF THE BOARD 23.00 2.00 X X 0 0 0 RICHARD W HARTLE NATIONAL SECRETARY 8.00 2.00 X X 0 0 0 CHUCK MARTIN NATIONAL TREASURER 6.00 2.00 X X 0 0 0 STEVEN LUNDGREN NATIONAL TREASURER - UNTIL 10/2020 6.00 2.00 X X 0 0 0 JIM SIMONS VCOB, FIELD OPERATIONS 18.00 2.00 X X 0 0 0 GAVIN MAC MACALOON VCOB, FIELD OPERATIONS-UNTIL 10/2020 18.00 2.00 X X 0 0 0 GAVIN MAC MACALOON DIRECTOR 3.00 1.00 X X 0 0 0 JIM HANNAM VCOB, AEROSPACE EDUCATION 13.00 2.00 X X 0 0 0 DAVID GOLDFEIN DIRECTOR 3.00 1.00 X 0 0 0 JOSEPH M BURKE DIRECTOR 3.00 1.00 X 0 0 0 KALETH O WRIGHT DIRECTOR 3.00 1.00 X 0 0 0 LEN VERNAMONTI DIRECTOR 3.00 1.00 X 0 0 0 LESLEY KALAN DIRECTOR 3.00 1.00 X 0 0 0 LISA S DISBROW DIRECTOR 3.00 1.00 X 0 0 0 MARK DOUGLAS DIRECTOR 3.00 1.00 X 0 0 0 MICHAEL J LIQUORI DIRECTOR 3.00 1.00 X 0 0 0 MOLLY MAE POTTER DIRECTOR 3.00 1.00 X 0 0 0 ROBERT GEORGE DIRECTOR 3.00 1.00 X 0 0 0 ROGER W TEAGUE DIRECTOR 3.00 1.00 X 0 0 0 STEPHEN GOURLEY DIRECTOR 3.00 1.00 X 0 0 0 SUSAN MALLETT DIRECTOR 3.00 1.00 X 0 0 0 JAMES A CODY DIRECTOR - UNTIL 10/2020 3.00 1.00 X 0 0 0 JIM SIMONS DIRECTOR - UNTIL 10/2020 3.00 1.00 X 0 0 0 KATHLEEN M MCCOOL DIRECTOR - UNTIL 10/2020 3.00 1.00 X 0 0 0 MARK A WELSH III DIRECTOR - UNTIL 10/2020 3.00 1.00 X 0 0 0 MARK L TARPLEY DIRECTOR - UNTIL 10/2020 3.00 1.00 X 0 0 0 TYLER JOHNSON DIRECTOR - UNTIL 10/2020 3.00 1.00 X 0 0 0 2289622 0 393560 22 0 1 0 LSC COMMUNICATIONS PO BOX 531840 ATLANTA GA 30353 MAGAZINE PRINT/DISTRIBUTION 346062 DIRECTMAILCOM 5351 KETCH ROAD PRINCE FREDERICK MD 20678 FUNDRAISING & MEMBERSHIP MAILING 330826 NATIONAL TRADE PRODUCTIONS 313 SOUTH PATRICK ST ALEXANDRIA VA 22314 EXHIBIT BOOTH SALES 255201 CIAS ONE UTSA CIRCLE SAN ANTONIO TX 78249 COMPETITION SOFTWARE PRODUCTION 223769 ADOBE SYSTEMS INCORPORATED 75 REMITTANCE DRIVE CHICAGO IL 60675 WEBSITE SUPPORT 206238 9 20240 250910 640706 7286858 5218 8198714 CONFERENCES & MEETINGS 900099 3084358 3084358 MEMBERSHIP DUES 900099 2096154 2096154 MAGAZINE ADVERTISING 541800 1169688 1169688 CYBERPATRIOT 900099 477984 477984 MAGAZINE SUBCRIPTIONS 900099 4526 4526 6832710 469588 469588 967980 967980 19951540 18603324 1348216 1348216 1348216 PPP LOAN FORGIVENESS 900099 1342917 1342917 OTHER REVENUE 900099 3609 3609 1346526 19163734 5663022 1169688 4132310 9616 9616 317508 317508 1141191 880212 229619 31360 6186918 4811412 1207465 168041 470038 340670 116381 12987 337342 268568 56302 12472 460171 362108 83340 14723 58503 18804 35805 3894 59699 59699 216508 216508 88404 88404 1048877 942440 106437 40042 35805 1571 2666 1120367 748475 33647 338245 705568 664611 1427 39530 358561 344360 14201 140815 103174 37641 747059 742666 4393 3877 3877 259455 240067 892 18496 238888 23145 215743 MAGAZINE 598321 598321 TAXES AND FEES 34327 1222 9554 23551 BAD DEBT 6663 6663 JOINT COST ALLOCATION 0 241935 47952 -289887 70487 47807 22462 218 14719205 11742926 2369274 607005 X 375423 241935 47952 85536 2258416 4982181 543132 335066 802194 703328 100337 130001 94054 72377 297581 290187 2361296 1480709 1155360 880587 30638713 34418391 62416 33890 35952203 41846008 2029354 1875483 7890641 8470434 4145803 3883313 8067523 9621474 22133321 23850704 X 9056054 13406573 4762828 4588731 13818882 17995304 35952203 41846008 X 4444529 1784782 -2052889 X 0 1 X 1 0 X 4790527 5976039 6005970 7720242 8198714 32691492 4790527 5976039 6005970 7720242 8198714 32691492 12778440 19913052 568222 564244 468103 1711220 1437568 4749357 16516 4091 2286 3251 1346526 1372670 38813519 41064376 0.51300 0.52270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 14596438 14596438 879822 219956 0 0 953060 968606 1000000 879822 3801488 5702232 238265 242152 250000 219956 950373 1425560 1929792 5550 277500 24500 43767 2144575 1621051 7175 364449 23500 39383 1929792 1793441 5050 -123359 21000 33081 1621051 1579076 6100 267178 22312 36601 1793441 1541886 8000 74790 13374 32226 1579076 0.00000 0.55000 0.45000 0 0 2361296 1480709 880587 880587 CAPITAL LEASE OBLIGATION 51745 PENSION LIABILITY 9569729 9621474 X 20312610 1784782 80606 -628108 1237280 19075330 88404 88404 19163734 16332412 80606 1882488 1963094 14369318 88404 261483 349887 14719205 PART V, LINE 4: ENDOWMENT FUNDS WILL BE USED FOR SCHOLARSHIPS AND AWARDS AND IN ACCORDANCE WITH THE WISHES OF THE DONOR. PART X, LINE 2: AFA IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IT HAS BEEN DETERMINED THAT AFA IS NOT A PRIVATE FOUNDATION AS IT MEETS THE REQUIREMENTS OF BEING PUBLICLY SUPPORTED UNDER IRC SECTION 509(A)(2). AIR FORCE ASSOCIATION (AFA) EVALUATED ITS TAX POSITION AND DETERMINED THAT ITS POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. THE AFA'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES FROM CONSOLIDATED AFFILIATES 1,686,269. CHANGE IN PENSION -2,314,377. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM CONSOLIDATED AFFILIATES 1,882,488. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSFER 261,483. X X X X X X X 1 DIRECTMAILCOM 5351 KETCH ROAD PRINCE FREDERICK MD 20678 DIRECT MAIL FUNDRAISING CONSULTANT 0 827095 336567 490528 LYNCH PINNACLE 5425 WISCONSIN AVENUE SUITE 600 CHEVY CHASE MD 20815 CORPORATE FUNDRAISING CONSULTANT 0 689195 120000 569195 1516290 456567 1059723 AL AK AR CA CT CO OH DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND NM NV OH OK OR PA RI SC TN TX UT VA WA WV WI SCHEDULE G, PART I, LINE 2B, COLUMN (V) AIR FORCE ASSOCIATION (AFA) PAID PROFESSIONAL FUNDRAISERS FOR PROFESSIONAL FUNDRAISING SERVICES AND ADMINISTRATIVE FEES. SCHEDULE G PART I LINE 2B AMOUNTS PAID TO FUNDRAISER LISTED FOR DIRECTMAIL.COM INCLUDES ALL AMOUNTS PAID TO THE FUNDRAISER. CONVERSLY, THE AMOUNTS ARE BROKEN OUT INTO THEIR NATURAL CLASSIFICATION IN THE 990 PART IX. THEREFORE, THE AMOUNTS REPORTED IN SCHEDULE G PART I LINE 2B WILL NOT DIRECTLY AGREE TO THE AMOUNT ON 990 PART IX LINE 11E WHICH INCLUDES ONLY THE PROFESSIONAL SERVICES AND EXCLUDES PRINTING AND ANCILLARY COSTS REPORTED IN THEIR RELEVANT NATURAL CLASSIFICATION ON 990 PART IX. 1 HQ CIVIL AIR PATROL 105 SOUTH HANSELL STREET BLDG 714 MAXWELL AFB AL 36112 756037853 501(C)(3) 9616 0 N/A N/A PROVIDES GRANTS TO CIVIL AIR PATROL UNITS TO ENHANCE AEROSPACE EDUCATION 1 AEROSPACE EDUCATION SCHOLARSHIPS 51 95476 PITSENBARGER 37 18500 AIR FORCE JUNIOR ROTC GRANT 29 7250 EDUCATOR GRANT 39 19500 TEACHER OF THE YEAR 87 33750 STELLARXPLORERS SCHOLARSHIPS 50 37500 CYBERPATRIOT 35 52000 COVID-19 AIRMAN'S ASSISTANCE FUND 84 42500 WOUNDED AIRMAN PROGRAM 25 11032 PART I, LINE 2: ALL REQUESTS ARE REVIEWED BY THE BOARD OR COMMITTEES. MOST COMMITTEES ARE NOT LOCATED AT AFA HEADQUARTERS. SCHOLARSHIPS ARE GRANTED BASED ON NEED, ACADEMIC ACHIEVEMENT, AND STUDY IN TECHNICAL DISCIPLINES. X 0 1 X X X X X 0 1 0 1 0 0 0 0 0 BRUCE A WRIGHT PRESIDENT 416152 0 87500 0 0 0 66000 0 7755 0 577407 0 0 0 DAVID DEPTULA DEAN, MITCHELL INSTITUTE 387971 0 72000 0 0 0 51650 0 471 0 512092 0 0 0 DOUGLAS RAABERG EXECUTIVE VP 281261 0 4588 0 0 0 40215 0 624 0 326688 0 0 0 BERNARD SKOCH COMMISSIONER, CYBERPATRIOT 254614 0 2895 0 0 0 31114 0 3217 0 291840 0 0 0 MARK GUNZINGER DIR, GOVERN'T PROGRAMS & WARGAMING M 212771 0 3000 0 0 0 46198 0 22873 0 284842 0 0 0 HEATHER PENNEY SR RESIDENT FELLOW, MITCHELL INSTITU 189645 0 3352 0 0 0 28093 0 23383 0 244473 0 0 0 JOSEPH STANGL CHIEF FINANCIAL OFFICER 170543 0 3200 0 0 0 41608 0 21746 0 237097 0 0 0 DOUG BIRKEY EXEC DIR, MITCHELL INSTITUTE 194130 0 6000 0 0 0 7989 0 624 0 208743 0 0 0 PART I, LINE 1A BRUCE WRIGHT RECEIVED $6,660 FOR HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES, THIS AMOUNT IS NOT INCLUDED IN HIS TAXABLE COMPENSATION. PART I, LINE 1B ALTHOUGH NO FORMAL WRITTEN POLICY IS IN PLACE FOR HEALTH OR SOCIAL CLUB DUES, THE ORGANIZATION DID FOLLOW THE TERMS SET FORTH IN THE EXECUTIVE'S EMPLOYEMENT CONTRACT. PART I, LINE 4B BRUCE WRIGHT, PRESIDENT - AFA CONTRIBUTED $15,000 TO THE 457(F) PLAN DURING 2020. COMPENSATION WILL NOT BE PAID OUT UNTIL FULLY VESTED IN THE PLAN. PART I, LINE 5 THE PRESIDENT HAS A BASELINE BONUS. ANY INCREASE OVER THAT BONUS AMOUNT IS BASED, IN PART, BY THE REVENUE PERFORMANCE OF THE ASSOCIATION. THE DEAN OF THE MITCHELL INSTITUTE RECEIVES A BONUS CONTINGENT ON MEETING REVENUE TARGETS SET FORTH IN THE DEAN'S EMPLOYMENT CONTRACT. AFA ALSO GRANTS BONUSES TO STAFF, AT THE PRESIDENT'S DISCRETION. PART OF THE PERFORMANCE EVALUATION FOR THE BONUSES INCLUDES REVENUE GENERATION. STEVE LUNDGREN NATIONAL TREASURER OF AIR FORCE ASSOCIATION THROUGH OCTOBER 2020 1343256 PRESIDENT OF BANK THAT ISSUED PPP LOAN TO AFA. THE LOAN HAS SINCE BEEN FORGIVEN BY SBA. 0 FORM 990, PART III, LINE 3 AIR SPACE AND CYBER CONFERENCE, CYBERPATRIOT NATIONAL FINALS, AND STELLARXPLORERS NATIONAL FINALS WERE HELD VIRTUALLY IN 2020 DUE TO COVID-19. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE NATIONAL OFFICERS AND TWO ADDITIONAL NATIONAL DIRECTORS APPOINTED BY THE 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 4 THE BOARD APPROVED NEW ARTICLES OF INCORPORATION IN DECEMBER 2020. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS VARIOUS CLASSES OF MEMBERS BASED ON LENGTH OF MEMBERSHIP AND TYPE. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING DELEGATES OF THE ORGANIZATION ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE DELEGATES OF THE ORGANIZATION APPROVE THE AIR FORCE ASSOCIATION STATEMENT OF POLICY; ELECT MEMBERS OF THE GOVERNING BODY; APPROVE DUES CHANGES; AND APPROVE CHANGES TO AIR FORCE ASSOCIATION CONSTITUTION. FORM 990, PART VI, SECTION B, LINE 11B AFTER PREPARATION BY AFA'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 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 FORCE 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 AND IS REVIEWED PERIODICALLY. THE LAST REVIEW OCCURRED IN 2020. IN AUGUST OF 2018 THE PRESIDENT'S COMPENSATION WAS REVIEWED BY AN OUTSIDE CONSULTING FIRM. THE FIRM COMPARED THE COMPENSATION OF THE PRESIDENT OT OTHER SIMILAR ASSOCIATIONS. A LAWYER WHO SPECIALIZES IN ASSOCIATIONS WAS CONSULTED AS PART OF THIS REVIEW. ADDITIONALLY THERE IS A SIGNED EMPLOYMENT CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 AIR FORCE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY -2,314,377. INTERCOMPANY TRANSFER 261,488. AIR FORCE MEMORIAL FOUNDATION INC ONE AIR FORCE MEMORIAL DRIVE ARLINGTON VA 222091109 541629975 STEWARDSHIP OF MEMORIAL AND PRESERVATION OF AIR FORCE HERITAGE VA 501(C)(3) LINE 7 AIR FORCE ASSOCIATION 1 AFA TITLE HOLDING COMPANY 1501 LEE HIGHWAY SUITE 400 ARLINGTON VA 22204 842095604 HOLDS TITLE OF AFA BUILDING VA 501(C)(2) AIR FORCE ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 THC TITLE HOLDING COMPANY S 441634 BOOK VALUE THC TITLE HOLDING COMPANY N 441803 BOOK VALUE THC TITLE HOLDING COMPANY Q 261488 COST THC TITLE HOLDING COMPANY P 358561 COST SCHEDULE R PART II AIR FORCE MEMORIAL FOUNDATION, INC. WAS DISOLVED IN 2020.