2019-11-04T12:21:44-06:00 2018-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2018-01-01 541797281 AIR FORCE AID SOCIETY INC AIRF 7039722650 1550 CRYSTAL DRIVE NO 809 ARLINGTON VA 22202 SIDNEY R HEETLAND CHIEF FINANCIAL OFFICER 7039722650 2019-11-04 1 ELIZABETH HELLER P00397829 2022932200 216.59.105.130 2019-11-04 12:21:39 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8B6C6DF7A8E3B84B5AE7D1943EC3750B5C691B8F 2018 2020-03-31 21:24:44Z JOHN D HOPPER JR 1550 CRYSTAL DRIVE NO 809 ARLINGTON VA 22202 61295687 0 X WWW.AFAS.ORG X 1942 VA SUPPORT U.S. AIRMEN AND THEIR FAMILIES WITH EMERGENCY FINANCIAL AND EDUCATIONAL ASSISTANCE. 21 21 26 21 -17047 0 4956123 7258183 4215 1443 31529063 10732158 -164799 -115442 36324602 17876342 8536879 15972671 0 0 2916742 2634567 0 0 442181 2075123 2322380 13528744 20929618 22795858 -3053276 207225303 189049978 1201614 2160731 206023689 186889247 SUPPORT AIRMEN AND ENHANCE THE AIR FORCE MISSION BY RELIEVING EMERGENCY FINANCIAL DISTRESS, HELPING FAMILIES ACHIEVE THEIR EDUCATIONAL GOALS, AND IMPROVING THE QUALITY OF AIR FORCE LIFE. IN 2018, THE SOCIETY SPENT $21.4 MILLION IN DIRECT SUPPORT TO AIRMEN. 0 0 9327876 7728527 1443 EMERGENCY ASSISTANCE (EA) - THE EA PROGRAM IS THE TOP PRIORITY FOR THE SOCIETY AS IT AIMS TO RELIEVE THE FINANCIAL PRESSURES ON AIRMEN AND THEIR FAMILIES BY ASSISTING WITH IMMEDIATE NEEDS IN AN EMERGENCY. SUPPORT IS PROVIDED THROUGH NO-INTEREST LOANS AND GRANTS, DEPENDING ON EACH INDIVIDUAL CIRCUMSTANCE. EA IS PROVIDED FOR BASIC LIVING EXPENSES, EMERGENCY TRAVEL, VEHICLE REPAIRS, FUNERAL COSTS, AND OTHER EMERGENCIES. AIR FORCE FAMILIES CAN ALSO RECEIVE SUPPORT DEVELOPING A FAMILY BUDGET. IN 2018, $6.5 MILLION IN STABILIZING GRANTS WERE PROVIDED TO 5,000 AIRMEN AFFECTED BY HURRICANE MICHAEL IN FLORIDA. AN ADDITIONAL $6.2 MILLION IN NO-INTEREST LOANS AND $1.2 MILLION IN GRANTS WERE PAID OUT IN SUPPORT OF AIR FORCE FAMILIES IN 2018. 6564766 5969597 EDUCATION ASSISTANCE - THE GENERAL HENRY "HAP" ARNOLD EDUCATION GRANT PROGRAM PROVIDES NEEDS-BASED EDUCATION GRANTS TO CHILDREN AND SPOUSES OF AIRMEN. IN 2018, THE SOCIETY AWARDED $6.0 MILLION IN GRANTS TO 2,499 STUDENTS TO HELP PAY FOR COLLEGE. AN ADDITIONAL 114 STUDENTS RECEIVED $242,000 IN MERIT-BASED SCHOLARSHIPS AIMED AT THE HIGHEST ACHIEVING INCOMING FRESHMEN. SCHOLARSHIP SELECTION IS BASED ON A STUDENT'S GPA IN ADDITION TO A WRITTEN ESSAY. IN ADDITION TO THESE GRANTS, THE SOCIETY ALSO PROVIDED UP TO $1,000 PER STUDENT IN NO INTEREST LOANS TO HELP DEFRAY THE ADDITIONAL COSTS FOR SCHOOL BOOKS AND SUPPLIES. IN 2018, $70,000 WAS SPENT ON THESE SUPPLEMENTAL EDUCATION LOANS. 2471810 2274547 COMMUNITY PROGRAMS - THE SOCIETY SUPPORTS SEVERAL BASE-LEVEL PROGRAMS AIMED AT IMPROVING THE QUALITY OF LIFE FOR AIR FORCE FAMILIES. AFAS SPENT $540,000 TO FUND THREE CHILDCARE PROGRAMS: GIVE PARENTS A BREAK, CHILDCARE FOR PCS MOVES, AND CHILDCARE FOR VOLUNTEERS. APPROXIMATELY 14,000 CHILDREN WERE CARED FOR IN 2018. THE SPOUSE EMPLOYMENT PROGRAM PROVIDED ENTRY-LEVEL TRAINING TO OVER 860 AF SPOUSES DURING THE YEAR, SPENDING $324,000. BUNDLES FOR BABIES PROVIDES EXPECTING FAMILIES INFORMATION ON BUDGETING FOR THE IMPACT OF A NEW BABY WHILE PROVIDING RESOURCES TO HELP FAMILIES ALONG THE WAY. $189,000 WAS SPENT TO PROVIDE $50 GIFT CARDS TO ALL ATTENDEES OF THE PROGRAM. OTHER PROGRAMS SUPPORTED BY THE SOCIETY IN 2018 WERE THE CAR CARE AND HEARTLINK PROGRAMS. 18364452 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 1 1 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 103 0 1 26 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WV WI X X SIDNEY R HEETLAND 7039722613 1550 CRYSTAL DRIVE ARLINGTON VA 22202 HONORABLE WILLIAM A MOORMAN PRESIDENT AND TRUSTEE 2.00 X X 0 0 0 MAJ GEN ALFRED K FLOWERS RET VICE PRESIDENT AND TRUSTEE 1.00 X X 0 0 0 LISA ATHERTON TRUSTEE 1.00 X 0 0 0 KATHLEEN K BARCHICK TRUSTEE 1.00 X 0 0 0 ELI A COHEN TRUSTEE 1.00 X 0 0 0 CMSGT DANNY R DOUCETTE RET TRUSTEE 1.00 X 0 0 0 CMSGT DENNIS L FRITZ RET TRUSTEE 1.00 X 0 0 0 GEN DAVID L GOLDFEIN TRUSTEE 1.00 X 0 0 0 DAWN GOLDFEIN TRUSTEE 1.00 X 0 0 0 LT GEN GINA M GROSSO TRUSTEE 1.00 X 0 0 0 HONORABLE ROBERT F HALE TRUSTEE 1.00 X 0 0 0 LT GEN DOROTHY A HOGG TRUSTEE 1.00 X 0 0 0 DR WILLIAM W JENNINGS TRUSTEE 2.00 X 0 0 0 DR JERROLD I W MITCHELL TRUSTEE 1.00 X 0 0 0 MAJ GEN JOHN M PLETCHER TRUSTEE 1.00 X 0 0 0 MR JAMES C REAGAN TRUSTEE 2.00 X 0 0 0 LT GEN JEFFREY A ROCKWELL TRUSTEE 1.00 X 0 0 0 HONORABLE EUGENE R SULLIVAN TRUSTEE 1.00 X 0 0 0 HONORABLE HEATHER A WILSON TRUSTEE 1.00 X 0 0 0 CMSAF KALETH O WRIGHT TRUSTEE 1.00 X 0 0 0 TONYA T WRIGHT TRUSTEE 1.00 X 0 0 0 LT GEN JOHN D HOPPER RET CHIEF EXECUTIVE OFFICER 40.00 X 218673 0 40226 COL SIDNEY R HEETLAND RET CHIEF FINANCIAL OFFICER 40.00 X 164747 0 46726 COL LINDA F EGENTOWICH RET CHIEF OPERATIONS OFFICER 40.00 X 170344 0 48261 MICHAEL PARNAROUSKIS CONTROLLER 40.00 X 118856 0 32530 JOHN FARRELL DIRECTOR OF HUMAN RESOURCE 40.00 X 109802 0 13301 782422 0 181044 5 0 1 0 THE NORTHERN TRUST COMPANY 300 ATLANTIC ST STE 400 STAMFORD CT 06901 INVESTMENT MANAGEMENT/CUSTODY 228718 ADAMS STREET PARTNERS LLC ONE NORTH WACKER DR STE 2200 CHICAGO IL 60606 INVESTMENT MANAGEMENT 183304 BAM TECHNOLOGIES LLC 2511 JEFFERSON DAVIS HWY STE 400 ARLINGTON VA 22202 SOFTWARE DEVELOPMENT/SUPPORT 143500 UBS REALTY INVESTORS LLC 10 STATE HOUSE SQ 15TH FLR HARTFORD CT 06103 INVESTMENT MANAGEMENT 140525 MELLEN & COMPANY 2115 SANDALWOOD RD VIRGINIA BEACH VA 23451 SOFTWARE DEVELOPMENT/SUPPORT 118800 7 65518 796229 6269 6390167 71432 7258183 UNCOLLECTIBLE LOAN REPAYMENTS 900099 1443 1443 1443 4457098 -17047 4474145 49431330 43156270 6275060 6275060 6275060 147442 796229 263075 -115633 -115633 CLASS ACTION SETTLEMENTS 900099 191 191 191 17876342 1443 -17047 10633763 1060262 1060262 14647847 14647847 264562 264562 678903 421543 191428 65932 1337067 803577 407806 125684 113927 68470 34748 10709 368806 221652 112486 34668 135864 81654 41439 12771 4974 2989 1517 468 46500 46500 774201 774201 205143 123292 62568 19283 87162 87162 186386 114313 55094 16979 280400 168520 85522 26358 251989 151445 76857 23687 29201 17550 8906 2745 6394 2394 4000 290334 174491 88552 27291 35800 21515 10920 3365 OTHER FUNDRAISING COSTS 71762 71762 ALL OTHER EXPENSES 40991 7233 33279 479 BAD DEBT EXPENSE 11143 11143 20929618 18364452 2122985 442181 991891 1082721 1108361 73848 75929 81958 185 25539 3752994 3951499 143333 182225 2261387 1768199 737367 493188 162538284 122894824 37876959 60264176 207225303 189049978 282135 1336012 919479 824719 1201614 2160731 X 203656963 184752756 448922 281691 1917804 1854800 206023689 186889247 207225303 189049978 -3053276 -16081166 0 X X 0 1 X 1 0 X 5371701 5338291 5218886 4906575 7197419 28032872 5371701 5338291 5218886 4906575 7197419 28032872 1209924 26822948 4231979 4218221 4183846 3951385 4474145 21059576 449403 203058 147310 149571 147633 1096975 50189423 14197 0.53440 0.56280 X SCHEDULE A, PART II, LINE 10: OTHER INCOME INCLUDES TWO MAIN ITEMS: (1) GROSS FUNDRAISING EVENT INCOME GENERATED BY THE SOCIETY'S ANNUAL USAF CHARITY BALL. THE 2018 USAF CHARITY BALL GENERATED $147,442 OF GROSS EVENT INCOME. (2) CLASS ACTION LAWSUIT PROCEEDS FROM LEGAL SETTLEMENTS REACHED WITH CORPORATIONS IN WHICH THE SOCIETY INVESTED FUNDS THROUGH ITS INVESTMENT PORTFOLIO. IN 2018 $191 WAS RECEIVED FROM CLASS ACTION LAWSUIT SETTLEMENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1917804 0 -63004 1854800 1881804 36000 249763 249763 1917804 1811804 70000 142743 142743 1881804 1811804 1205 -1205 1811804 1786804 25000 118743 118743 1811804 1.00000 0 0 536129 437187 98942 1725258 1331012 394246 493188 REAL ESTATE FUNDS 20257374 F HEDGE FUNDS 9264534 F PRIVATE EQUITY FUNDS 20310164 F MASTER LIMITED PARTNERSHIPS 4860463 F PRIVATE DEBT FUNDS 5571641 F 60264176 OTHER LIABILITIES 9496 ACCRUED COMPENSATION 218088 ACCRUED YES PROGRAM LIABILITIES 79048 POST RETIREMENT LIABILITY 309679 DEFERRED 2019 CHARITY BALL INCOME 208408 824719 X 1409347 -16081166 125297 263075 -15692794 17102141 774201 774201 17876342 20543789 125297 263075 388372 20155417 774201 774201 20929618 PART V, LINE 4: THE SOCIETY'S ENDOWMENT FUNDS CONSIST OF DONOR-RESTRICTED CONTRIBUTIONS THAT ARE INVESTED TO PROVIDE FUTURE EARNINGS TO FUND NAMED EDUCATION GRANTS IN PERPETUITY AS PART OF THE SOCIETY'S GENERAL HENRY ARNOLD EDUCATION GRANT PROGRAM. ALL RETURNS GENERATED BY THE EDUCATION ENDOWMENT FUNDS IN A GIVEN YEAR ARE USED TO FUND THE NAMED GRANTS AWARDED IN THAT YEAR. PART X, LINE 2: THE SOCIETY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 263,075. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 263,075. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 39 GRANTS 23936 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES SEE PART V 53817 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 53955 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 66 GRANTS 40963 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SEE PART V 145846 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1556413 NORTH AMERICA 0 0 INVESTMENTS 759612 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 50861 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9368880 0 105 0 0 0 105 2685403 9368880 12054283 AF BASE CHILDCARE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 649 27402 CHILDCARE PROVIDED COST AF BASE CHILDCARE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1116 59046 CHILDCARE PROVIDED COST AF BASE EDUCATIONAL PROGRAMS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 321 17750 CLASSES PROVIDED COST AF BASE EDUCATIONAL PROGRAMS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 204 37652 CLASSES PROVIDED COST BUNDLES FOR BABIES SEMINAR EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 146 7300 GIFT CARD BUNDLES FOR BABIES SEMINAR EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 413 20650 GIFT CARD CAR MAINTENANCE/OIL CHANGE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 28 1365 OIL CHANGE COUPON COST CAR MAINTENANCE/OIL CHANGE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 520 28498 OIL CHANGE COUPON COST EDUCATION GRANTS FOR COLLEGE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 4 2597 CHECK EDUCATION GRANTS FOR COLLEGE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 9 9271 CHECK EMERGENCY FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 40 21339 CHECK EMERGENCY FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 73 31692 CHECK 1 0 0 1 1 0 PART I, LINE 2: THE SOCIETY PROVIDES EDUCATIONAL AND EMERGENCY FINANCIAL ASSISTANCE GRANTS TO AIR FORCE FAMILIES STATIONED AT BASES LOCATED OUTSIDE THE US. THESE PROGRAMS ARE ADMINISTERED BY AIR FORCE SUPPORT STAFF AT THESE OVERSEAS BASES. RECIPIENTS OF EDUCATION GRANTS MUST SUBMIT AN INVOICE OR FINANCIAL STATEMENT FROM THE SCHOOL TO VERIFY THEIR ATTENDANCE AT THE INSTITUTION. EDUCATION GRANTS ARE PAID DIRECTLY TO THE SCHOOL. EMERGENCY FINANCIAL ASSISTANCE GRANTS ARE ISSUED ON A CASE BY CASE BASIS BASED ON ADEQUATE DOCUMENTATION OF THE FINANCIAL NEED OF THE AF MEMBER. ALL GRANTS PROVIDED BY THE SOCIETY ARE TRACKED BY THE SOCIETY'S HQ DATABASE SYSTEM TO PROVIDE A HISTORICAL RECORD OF THE ASSISTANCE PROVIDED. PART I, LINE 3, COLUMN (E): EAST ASIA AND THE PACIFIC AND EUROPE - THE SOCIETY FUNDS VARIOUS COMMUNITY ENHANCEMENT PROGRAMS AT USAF BASES AROUND THE WORLD. THE PROGRAMS ACTIVE DURING 2018 AT OVERSEAS BASES IN EAST ASIA AND EUROPE INCLUDED CAR CARE, SPOUSE EMPLOYABILITY, CHILDCARE, AND BUNDLES FOR BABIES. CHARITY BALL 943671 796229 147442 7612 115462 26729 113272 943671 796229 147442 7612 115462 26729 113272 263075 -115633 1 AIR FORCE OFFICERS' SPOUSES' CLUB OF WASHINGTON DC 50 THEISEN STREET WASHINGTON DC 20032 526057758 501C7 50000 SHARE OF 2018 CHARITY BALL FOR ED GRANT FUNDING AIR FORCE ENLISTED VILLAGE 92 SUNSET LANE SHALIMAR FL 32579 237078212 501C3 1000000 BUILDING RENOVATION AT ENLISTED AIRMEN RETIREMENT COMMUNITY US AIR FORCE - WOUNDED WARRIOR PROGRAM DEPARTMENT OF DEFENSE 550 C STREET WEST SUITE 37 RANDOLPH AFB TX 78154 849990000 115 10262 COST HOTEL/FOOD SERVICE 2018 AIR FORCE WOUNDED WARRIOR TRIALS EVENT SPONSORSHIP 2 1 EDUCATION GRANTS FOR COLLEGE 2548 5957729 EMERGENCY FINANCIAL ASSISTANCE 2254 1267328 HURRICANE MICHAEL FINANCIAL ASSISTANCE 4925 6408167 CAR MAINTENANCE/OIL CHANGE 3595 80165 COST OIL CHANGE COUPON AF BASE CHILDCARE 12239 454389 COST CHILDCARE PROVIDED AF BASE EDUCATIONAL PROGRAMS 2160 318476 COST CLASSES PROVIDED BUNDLES FOR BABIES SEMINAR 2913 161593 PART I, LINE 2: THE SOCIETY PROVIDES EDUCATION AND EMERGENCY FINANCIAL ASSISTANCE GRANTS TO SUPPORT AIR FORCE FAMILIES. THESE PROGRAMS ARE ADMINISTERED AT USAF BASES BY AIR FORCE PERSONNEL. EDUCATION GRANT RECIPIENTS MUST SUBMIT DOCUMENTATION TO VERIFY THEIR SCHOOL ATTENDANCE, AND ALL GRANTS ARE PAID DIRECTLY TO THE SCHOOL. EMERGENCY FINANCIAL SUPPORT IS ISSUED ON A CASE BY CASE BASIS BASED ON THE DOCUMENTED NEED OF THE AIRMAN. ALL ASSISTANCE IS TRACKED BY THE SOCIETY'S DATABASE TO PROVIDE A HISTORICAL REFERENCE OF ALL ASSISTANCE PROVIDED. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LT GEN JOHN D HOPPER RET CHIEF EXECUTIVE OFFICER 202091 0 10000 0 6582 0 19177 0 25330 0 263180 0 0 0 COL SIDNEY R HEETLAND RET CHIEF FINANCIAL OFFICER 149496 0 8000 0 7251 0 14517 0 36368 0 215632 0 0 0 COL LINDA F EGENTOWICH RET CHIEF OPERATIONS OFFICER 157509 0 8000 0 4835 0 15242 0 37004 0 222590 0 0 0 MICHAEL PARNAROUSKIS CONTROLLER 114473 0 4000 0 383 0 10906 0 26619 0 156381 0 0 0 PART I, LINE 1A THE SOCIETY OFFERS A TAXABLE REIMBURSEMENT PROGRAM FOR ALL EMPLOYEES OF UP TO $500 PER YEAR TO COVER THE COST OF HEALTH CLUB DUES OR OTHER FITNESS ACTIVITIES. PART I, LINE 3 THE SOCIETY'S COMPENSATION COMMITTEE IS CHARGED BY THE BOARD OF TRUSTEES TO SET COMPENSATION FOR THE CEO. EACH YEAR, STAFF PROVIDES THE COMMITTEE WITH SALARY SURVEYS AND OTHER COMPARATIVE SALARY DATA TO HELP THE COMMITTEE FORMULATE A COMPENSATION PACKAGE FOR THE CEO. THE COMPENSATION COMMITTEE APPROVES THE FULL COMPENSATION PACKAGE FOR THE CEO ON AN ANNUAL BASIS, DOCUMENTING THE DECISION WITH A REBUTTABLE PRESUMPTION DOCUMENT SIGNED BY THE SOCIETY PRESIDENT, WHO IS ALSO THE CHAIR OF THE COMPENSATION COMMITTEE. X 2 4400 AVG HIGH/LOW PRICE X AUCTION ITEMS 164 60764 FAIR VALUE X LAPTOPS & ACCESSORIES 4 6268 FAIR VALUE 0 1 1 PART I, LINE 32B: (1) THE SOCIETY MAINTAINS A POLICY OF SELLING ALL DONATED SECURITIES UPON RECEIPT. THE SECURITIES ARE TRANSFERRED DIRECTLY TO A CUSTODY ACCOUNT WITHIN THE SOCIETY'S INVESTMENT PORTFOLIO. THE THIRD-PARTY INVESTMENT CUSTODIAN IS THEN DIRECTED TO SELL THE DONATED SECURITIES MAKING THE PROCEEDS AVAILABLE FOR USE BY THE SOCIETY'S PROGRAMS. (2) AN AIR FORCE SPOUSES CLUB HELPS RUN THE SILENT AUCTION HELD IN CONJUNCTION WITH THE ANNUAL USAF CHARITY BALL. THE SPOUSES' CLUB SOLICITS IN-KIND DONATIONS TO AUCTION AWAY AT THE EVENT AND FACILITATES THE SALE OF THE ITEMS AT THE EVENT. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING BOARD OF TRUSTEES MEMBERS ARE HUSBAND AND WIFE: CMSAF KALETH O WRIGHT AND TONYA T WRIGHT GENERAL DAVID L GOLDFEIN AND DAWN GOLDFEIN FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL DRAFT OF THE 990 IS PREPARED BY THE TAX PROFESSIONALS OF THE ACCOUNTING FIRM HIRED BY THE SOCIETY TO COMPLETE THE FINANCIAL AUDIT. THE 990 IS THEN REVIEWED BY THE SOCIETY'S ACCOUNTING STAFF AND OFFICERS BEFORE THE FINAL DRAFT IS SENT TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. ONCE THE FULL REVIEW OF THE 990 IS COMPLETE, THE 990 IS FILED ELECTRONICALLY WITH THE IRS AND THE PUBLIC VERSION IS POSTED TO THE SOCIETY'S WEBSITE AT WWW.AFAS.ORG. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY REQUIRES ITS OFFICERS, STAFF MEMBERS, AND BOARD OF TRUSTEES TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. THE STATEMENTS SUBMITTED BY EACH PERSON ARE REVIEWED BY STAFF AND REPORTED TO THE SOCIETY'S AUDIT COMMITTEE. IF ANY CONFLICTS ARE DETERMINED TO EXIST, THE AUDIT COMMITTEE WOULD DECIDE THE APPROPRIATE ACTION TO BE TAKEN. THE MATTER WOULD THEN BE PRESENTED TO THE FULL BOARD OF TRUSTEES WHERE A VOTE ON THE COMMITTEE'S RECOMMENDATION WOULD BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION IS DETERMINED BY THE BOARD-APPOINTED COMPENSATION COMMITTEE. THIS COMMITTEE IS RESPONSIBLE FOR PREPARING AND REVIEWING THE CEO'S COMPENSATION ON AN ANNUAL BASIS. THE REVIEW OF OFFICER COMPENSATION INCLUDES COMPARISONS WITH SIMILAR MILITARY RELIEF ORGANIZATIONS, OTHER NON-PROFIT ORGANIZATIONS, AND PUBLISHED SALARY GUIDES. THE COMPENSATION COMMITTEE ALSO REVIEWS THE SALARY LEVELS, PROPOSED BONUSES, AND ANNUAL WAGE INCREASES OF THE OTHER OFFICERS AND THE FULL STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE SOCIETY PROVIDES DIRECT PUBLIC ACCESS TO ITS ANNUAL AUDIT REPORT AND IRS 990 TAX FILING ONLINE ONLINE AT WWW.AFAS.ORG. GOVERNANCE DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR AND REMAINS THE PURVIEW OF THE SOCIETY'S AUDIT COMMITTEE.