2020-08-06T13:47:06-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2019-01-01 526043929 AIR FORCE ASSOCIATION AIRF 7032475800 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091109 BRUCE WRIGHT PRESIDENT 7032475800 2020-08-05 1 MICHAELA CROMAR CPA P00895728 5712279500 2020-08-05 66.102.239.10 2020-08-05 09:03:23 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 87826B80F82B7742AC94E6ED7EC5993094E974B0 2019 2020-09-23 17:36:50Z BRUCE WRIGHT 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091109 40417758 0 5392 X WWW.AFA.ORG X 1956 VA PROMOTE A DOMINANT U.S. AIR FORCE, A STRONG NATIONAL DEFENSE, & TO HONOR AIRMEN & OUR HERITAGE. 19 19 77 1250 834465 0 6005970 7720242 9890277 10470609 634679 1492998 23429 1064207 16554355 20748056 321924 1370673 0 0 8034283 8638427 87102 377675 561297 8009578 8196160 16452887 18582935 101468 2165121 32088463 35952203 18610244 22133321 13478219 13818882 X THE AIR FORCE ASSOCIATION (AFA) IS A NONPROFIT, INDEPENDENT, PROFESSIONAL MILITARY, AND AEROSPACE EDUCATION ASSOCIATION. ITS MISSION IS TO PROMOTE A DOMINANT UNITED STATES AIR FORCE, A STRONG NATIONAL DEFENSE, TO HONOR AND SUPPORT AIRMEN AND THE AIR FORCE FAMILY, AND TO REMEMBER AND RESPECT OUR AIR FORCE HERITAGE. 0 0 4125406 6667151 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 WITH OVER 12,000 REGISTRANTS AND 100,000 SQUARE FEET OF EXHIBIT FLOOR SPACE. 2572640 12795 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. 2501128 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 $2,912,145. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 2350901 755774 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 STEM. 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 $2,396,599. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 183618 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 $172,055. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 277033 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 $282,226. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 1000000 1000000 AIR FORCE MEMORIAL FOUNDATION (AFMF): THE AFMF WAS FORMED TO PROVIDE OVERSIGHT AND SUPPORT TO THE AIR FORCE MEMORIAL. AFTER THE AIR FORCE TOOK OVER DAILY OPERATIONS, THE NET ASSETS OF THE AFMF WERE TRANSFERRED TO AFA. AFA WILL DISTRIBUTE THE ASSETS IN ACCORDANCE WITH THE ORIGINAL MISSION OF THE AFMF. 1234420 2200424 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. 437128 202700 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. 810287 167973 OTHER PROGRAMS: OTHER PROGRAM SERVICES INCLUDE GOVERNMENT RELATIONS, COMMUNICATIONS, AFFINITY PROGRAMS, AND DEVELOPMENT OPERATIONS. 6293387 1370673 2956198 15492561 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 0 0 0 0 0 0 0 0 1 1 1 0 0 1 41 0 77 1 1 1 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 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 VA WI WV UT X JOSEPH STANGL CHIEF FINANCIAL OFFI 7032475825 1501 LEE HIGHWAY SUITE 400 ARLINGTON VA 222091109 DAVID DEPTULA DEAN, MITCHELL INSTITUTE 40.00 X 353430 0 31847 BRUCE A WRIGHT PRESIDENT (START 3/2019) 37.00 3.00 X 316756 0 29092 LARRY SPENCER FORMER PRESIDENT (UNTIL 3/2019) 37.00 3.00 X 261732 0 15726 BERNARD SKOCH COMMISSIONER, CYBERPATRIOT 40.00 X 245769 0 20494 HEATHER PENNEY SENIOR RESIDENT FELLOW, MITCHELL INST. 40.00 X 178959 0 38742 FRED ULLMAN DIRECTOR, CORPORATE RELATIONS 40.00 X 175949 0 24168 JOSEPH STANGL CHIEF FINANCIAL OFFICER 37.00 3.00 X 163692 0 31848 DOUG BIRKEY EXEC. DIRECTOR, MITCHELL INST. 40.00 X 184118 0 8024 DENISE HOLLYWOOD EXECUTIVE VP (UNTIL 2/2019) 37.00 3.00 X 159069 0 14803 DOUGLAS RAABERG EXECUTIVE VP (START 4/2019) 37.00 3.00 X 157012 0 13036 GERALD R MURRAY CHAIRMAN OF THE BOARD 12.00 3.00 X X 0 0 0 F WHITTEN PETERS CHAIRMAN OF THE BOARD UNTIL 10/2019 12.00 3.00 X X 0 0 0 RICHARD W HARTLE NATIONAL SECRETARY 12.00 1.50 X X 0 0 0 STEVEN LUNDGREN NATIONAL TREASURER 12.00 3.00 X X 0 0 0 MAC MACALOON VCOB, FIELD OPERATIONS 2.00 3.00 X 0 0 0 JIM HANNAM VCOB, AEROSPACE EDUCATION 7.00 3.00 X 0 0 0 JOSEPH M BURKE DIRECTOR 1.00 1.50 X 0 0 0 JAMES A CODY DIRECTOR 1.00 1.50 X 0 0 0 LISA S DISBROW DIRECTOR 1.00 1.50 X 0 0 0 MARK DOUGLAS DIRECTOR 1.00 1.50 X 0 0 0 ROBERT GEORGE DIRECTOR 1.00 1.50 X 0 0 0 TYLER JOHNSON DIRECTOR 1.00 1.50 X 0 0 0 LESLEY KALAN DIRECTOR 1.00 1.50 X 0 0 0 MICHAEL J LIQUORI DIRECTOR 1.00 1.50 X 0 0 0 KATHLEEN MCCOOL DIRECTOR 1.00 1.50 X 0 0 0 MOLLY MAE POTTER DIRECTOR 1.00 1.50 X 0 0 0 JAMES W SIMONS DIRECTOR 1.00 1.50 X 0 0 0 MARK L TARPLEY DIRECTOR 1.00 1.50 X 0 0 0 ROGER W TEAGUE DIRECTOR 1.00 1.50 X 0 0 0 MARK A WELSH III DIRECTOR 1.00 1.50 X 0 0 0 LEONARD R VERNAMONTI DIRECTOR (UNTIL 10/2019) 1.00 1.50 X 0 0 0 TERRY J COX DIRECTOR (UNTIL 10/2019) 1.00 1.50 X 0 0 0 2196486 0 227780 22 0 1 0 NATIONAL TRADE PRODUCTIONS 313 SOUTH PATRICK ST ALEXANDRIA VA 22314 EXHIBIT BOOTH SALES 395557 LSC COMMUNICATIONS PO BOX 531840 ATLANTA GA 30353 MAGAZINE PRINT/DISTRIBUTION 392025 FREEMAN PO BOX 650036 DALLAS TX 75265 GENERAL SERVICE CONTRACTOR 324301 DIRECTMAILCOM 5351 KETCH ROAD PRINCE FREDERICK MD 20678 FUNDRAISING & MEMBERSHIP MAILING 257675 CIAS ONE UTSA CIRCLE SAN ANTONIO TX 78249 COMPETITION SOFTWARE PRODUCTION 234320 15 19000 289943 356946 7054353 8746 7720242 CONFERENCES & MEETINGS 900099 6667151 6667151 MEMBERSHIP DUES 900099 2200424 2200424 MAGAZINE ADVERTISING 541800 834465 834465 CYBERPATRIOT 900099 755774 755774 MAGAZINE SUBCRIPTIONS 900099 12795 12795 10470609 650264 650264 1060956 1060956 20512436 19669702 842734 842734 842734 OTHER REVENUE 900099 3251 3251 3251 20748056 9636144 834465 2557205 1019000 1019000 351673 351673 1162767 882413 252065 28289 6149358 4749308 1248612 151438 541313 383771 145322 12220 317643 243505 63820 10318 467346 364706 89942 12698 19221 12608 5855 758 108925 108925 377675 377675 94072 94072 1314716 1298810 15244 662 67627 45392 4226 18009 1230719 901869 118837 210013 697330 680000 1640 15690 390349 374854 174 15321 571567 480220 90705 642 2403413 2403413 2396 2396 133078 133078 248813 240280 870 7663 223268 16413 206855 MAGAZINE 632563 632563 TAXES AND FEES 34354 1943 6515 25896 BAD DEBT 13910 13910 JOINT COST ALLOCATION 0 276742 49253 -325995 9839 9839 18582935 15492561 2529077 561297 X 429379 276742 49253 103384 1939427 2258416 860390 543132 226750 802194 111664 100337 68949 94054 390718 297581 2797323 1641963 1157887 1155360 27300359 30638713 32319 62416 32088463 35952203 2356083 2029354 3980014 7890641 4383522 4145803 7890625 8067523 18610244 22133321 X 11110059 9056054 2368160 4762828 13478219 13818882 32088463 35952203 X 2165121 3520343 -5344801 X 0 1 X 1 0 X 3804645 4790527 5976039 6005970 7720242 28297423 3804645 4790527 5976039 6005970 7720242 28297423 11543671 16753752 397639 568222 564244 468103 1711220 3709428 19174 16516 4091 2286 3251 45318 32052169 42094987 0.52270 0.52970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18406270 18406270 1000000 250000 0 0 953060 968606 1000000 2921666 4382499 238265 242152 250000 730417 1095626 1621051 7175 364449 23500 39383 1929792 1793441 5050 -123359 21000 33081 1621051 1579076 6100 267178 22312 36601 1793441 1541886 8000 74790 13374 32226 1579076 1593344 6000 -3710 22282 31466 1541886 0.61000 0.39000 0 0 2797323 1641963 1155360 1155360 CAPITAL LEASE OBLIGATION 62171 PENSION LIABILITY 8005352 8067523 X 24360724 3520343 84778 101619 3706740 20653984 94072 94072 20748056 20712501 84778 2428456 2513234 18199267 94072 289596 383668 18582935 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 1,436,800. CHANGE IN PENSION -1,629,640. INTERCOMPANY TRANSFER 294,459. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM CONSOLIDATED AFFILIATES 2,428,456. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY TRANSFER 289,596. X X X X X X X 1 DIRECTMAILCOM 5351 KETCH ROAD PRINCE FREDERICK MD 20678 DIRECT MAIL FUNDRAISING CONSULTANT 0 836623 257675 578948 LYNCH PINNACLE 5425 WISCONSIN AVENUE SUITE 600 CHEVY CHASE MD 20815 CORPORATE FUNDRAISING CONSULTANT 0 268700 120000 148700 1105323 377675 727648 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. 1 ARNOLD AIR SOCIETY 1501 LEE HIGHWAY ARLINGTON VA 22209 530231491 501(C)(4) 6500 FINANCIAL SUPPORT FOR AAS CONCLAVE (ANNUAL MEETING) HQ CIVIL AIR PATROL 105 SOUTH HANSELL STREET BLDG 714 MAXWELL AFB AL 36112 756037853 501(C)(3) 12500 PROVIDES GRANTS TO CIVIL AIR PATROL UNITS TO ENHANCE AEROSPACE EDUCATION DEPARTMENT OF THE AIR FORCE 1535 COMMAND DR D21 JOINT BASE ANDREWS MD 20762 849990000 1000000 GRANT IN ACCORDANCE WITH THE PROGRAM PURPOSE OF THE AFMF 2 1 AEROSPACE EDUCATION SCHOLARSHIPS 16 52000 PITSENBARGER AWARD 155 62000 AIR FORCE JUNIOR ROTC GRANT 29 7250 EDUCATOR GRANT 40 20000 TEACHER OF THE YEAR 99 36500 STELLARXPLORERS SCHOLARSHIPS 15 31000 WOUNDED AIRMAN SUPPORT 2000 93154 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 1 1 X X X X X X 1 1 0 1 0 0 0 0 0 DAVID DEPTULA DEAN, MITCHELL INSTITUTE 353430 0 0 0 0 0 30812 0 1035 0 385277 0 0 0 BRUCE A WRIGHT PRESIDENT (START 3/2019) 316756 0 0 0 0 0 28638 0 454 0 345848 0 0 0 LARRY SPENCER FORMER PRESIDENT (UNTIL 3/2019) 92501 0 100000 0 69231 0 15423 0 303 0 277458 0 0 0 BERNARD SKOCH COMMISSIONER, CYBERPATRIOT 241569 0 4200 0 0 0 19459 0 1035 0 266263 0 0 0 HEATHER PENNEY SENIOR RESIDENT FELLOW, MITCHELL INS 174659 0 4300 0 0 0 16704 0 22038 0 217701 0 0 0 FRED ULLMAN DIRECTOR, CORPORATE RELATIONS 144449 0 31500 0 0 0 16008 0 8160 0 200117 0 0 0 JOSEPH STANGL CHIEF FINANCIAL OFFICER 160492 0 3200 0 0 0 14048 0 17800 0 195540 0 0 0 DOUG BIRKEY EXEC. DIRECTOR, MITCHELL INST. 179282 0 4836 0 0 0 7362 0 662 0 192142 0 0 0 DENISE HOLLYWOOD EXECUTIVE VP (UNTIL 2/2019) 40219 0 0 0 118850 0 14312 0 491 0 173872 0 0 0 DOUGLAS RAABERG EXECUTIVE VP (START 4/2019) 152812 0 4200 0 0 0 12595 0 441 0 170048 0 0 0 PART I, LINE 1A BRUCE WRIGHT - HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES. PART I, LINE 1B THE ORGANIZATION FOLLOWED A WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT FOR HEALTH AND SOCIAL CLUB OR INITIATION FEES. PART I, LINES 4A-B BRUCE WRIGHT, PRESIDENT - AFA CONTRIBUTED $12,500 TO THE 457(F) PLAN DURING 2019. COMPENSATION WILL NOT BE PAID OUT UNTIL FULLY VESTED IN THE PLAN. DENISE HOLLYWOOD, EXECUTIVE VP RECEIVED A SEVERANCE AMOUNT OF $106,080. 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 DURING THE FISCAL YEAR. ADDITIONALLY, AFA HAS COMMISSIONED EMPLOYEES WHO RECEIVE COMPENSATION THAT IS CONTINGENT ON REVENUES OF THE ASSOCIATION. AFA ALSO GRANTS BONUSES TO STAFF, AT THE PRESIDENT'S DISCRETION. PART OF THE PERFORMANCE EVALUTATION FOR THESE BONUSES INCLUDES SURPLUS GENERATION. 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 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 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 2019. IN AUGUST OF 2018 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 ALSO WROTE A LETTER ABOUT THE POSITION'S COMPENSATION. 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: CUMMULATIVE EFFECT ADJUSTMENT FOR ASC 606 -4,004,444. CHANGE IN PENSION LIABILITY -1,629,640. INTERCOMPANY CONTRIBUTION -5,176. INTERCOMPANY TRANSFER 294,459. AFA VETERAN BENEFITS ASSOCIATION 1501 LEE HIGHWAY SUITE 400 ARLINGTON VA 222091109 530177555 TO PROVIDE VETERAN BENEFITS VA 501(C)(19) AIR FORCE ASSOCIATION 1 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 0 1 0 1 AFA VETERAN BENEFITS ASSOCIATION S 250000 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION N 578252 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION Q 289283 COST