2019-10-21T07:55:50-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2018-01-01 526043929 AIR FORCE ASSOCIATION AIRF 7032475800 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091109 BRUCE WRIGHT PRESIDENT 7032475800 2019-10-16 1 KAREN GRIES CPA P00078514 5712279500 67.137.57.251 2019-10-16 11:18:29 ED P EC8E3AB080DBEC95795E073DF7D20F3E654B0034 EA13591C9C6E85BC0A5D51298409738E72E01635 2018 2020-01-14 16:20:31Z BRUCE WRIGHT 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091109 36037463 0 5392 X WWW.AFA.ORG X 1956 VA PROMOTE A DOMINANT U.S. AIR FORCE & A STRONG NATIONAL DEFENSE, & HONOR AIRMEN & OUR HERITAGE. 19 19 85 1250 706283 3639 5976039 6005970 9185075 9890277 4479383 634679 51423 23429 19691920 16554355 332134 321924 0 0 8029670 8034283 61360 87102 579611 7799733 8009578 16222897 16452887 3469023 101468 43324500 32088463 50289454 18610244 -6964954 13478219 X THE AIR FORCE ASSOCIATION (AFA) PROVIDES AN ORGANIZATION THROUGH WHICH WE, AS FREE PEOPLE, MAY UNITE: TO ADVOCATE FOR AND SUPPORT THE MEN AND WOMEN OF THE UNITED STATES AIR FORCE; TO ADDRESS THE DEFENSE RESPONSIBILITIES OF OUR NATION IMPOSED BY THE MANY ADVANCES IN AEROSPACE TECHNOLOGY THAT HAVE BEEN AND WILL CONTINUE TO BE MADE; TO EDUCATE THE MEMBERS AND THE PUBLIC AT LARGE AS TO WHAT THOSE MEN AND WOMEN AND TECHNOLOGY CONTRIBUTE TO THE SECURITY OF FREE PEOPLE AND THE BETTERMENT OF MANKIND; AND TO ADVOCATE AND SUPPORT MILITARY PREPAREDNESS OF THE UNITED STATES AND ITS ALLIES IN ORDER TO ADEQUATELY MAINTAIN THE SECURITY OF THE UNITED STATES AND THE FREE WORLD. 1 0 3872276 6309988 CONFERENCE, SYMPOSIUM, EVENT:AFA BRINGS THE U.S. DEFENSE, PRIVATE-SECTOR U.S. COMPANIES AND KEY MILITARY DECISION-MAKERS TOGETHER AT CONFERENCES AND SYMPOSIA FOR THE PURPOSE OF FACILITATING INNOVATION, EDUCATION, AND PROFESSIONAL DEVELOPMENT. AS THE LARGEST AIRPOWER CONFERENCE IN THE U.S., THE AIR SPACE & CYBER CONFERENCE IS THE AFA'S MOST POWERFUL ANNUAL EVENT WITH OVER 12,000 ATTENDEES AND 100,000 SQUARE FEET OF EXHIBIT FLOOR SPACE. 2630763 722073 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. 2306371 728220 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 HIGH SCHOOL AND MIDDLE 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.RESTRICTED PROGRAM CONTRIBUTIONS TOTALED $2,259,486. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 918547 2129996 MEMBERSHIP & FIELD SERVICESMEMBERSHIP 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. THESE FIELD LEADERS ARE THE GOVERNING BODY OF AFA. 373364 92335 AEROSPACE EDUCATION AND PUBLIC AWARENESSAFA 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. 1887775 THE MITCHELL INSTITUTE FOR AEROSPACE STUDIESTHE 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 PROGRAM CONTRIBUTIONS TOTALED $1,994,026. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 171672 STELLARXPLORERSSTELLARXPLOERES 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 PROGRAM CONTRIBUTIONS TOTALED $135,591. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 293246 229589 WOUNDED AIRMAN PROGRAMAFA 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 PROGRAM CONTRIBUTIONS TOTALED $537,386. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE, BUT WERE USED TO EXECUTE PROGRAM OPERATIONS. 805799 OTHER PROGRAMSOTHER PROGRAM SERVICES INCLUDE GOVERNMENT RELATIONS AND DEVELOPMENT. 4450403 321924 2129996 13259813 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 54 0 85 1 1 1 0 0 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 F WHITTEN PETERS CHAIRMAN OF THE BOARD 15.00 2.00 X X 0 0 0 F GAVIN MACALOON VCOB, FIELD OPERATIONS 15.00 2.00 X X 0 0 0 JIM HANNAM VCOB, AEROSPACE EDUCATION 15.00 2.00 X X 0 0 0 RICHARD W HARTLE NATIONAL SECRETARY 5.00 2.00 X X 0 0 0 STEVE LUNDGREN NATIONAL TREASURER 10.00 2.00 X X 0 0 0 MARK DOUGLAS NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 KATHLEEN MCCOOL NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 LEONARD R VERNAMONTI NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 JAMES A CODY NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 ROBERT GEORGE NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 LESLEY KALAN NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL J LIQUORI NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 TERRY J COX NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 TYLER JOHNSON NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 GERALD MURRAY NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 LISA S DISBROW NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 MARK L TARPLEY NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 MARK A WELSH II NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 BRUCE WRIGHT NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 RICHARD BUNDY FORMER VCOB, AE (UNTIL 10/2018) 15.00 1.00 X X 0 0 0 ROSS B LAMPERT FORMER SECRETARY (UNTIL 10/2018) 5.00 1.00 X X 0 0 0 CHARLES HEFLEBOWER FORMER DIRECTOR (UNTIL 10/2018) 1.00 1.00 X 0 0 0 GENE D SANTARELLI FORMER DIRECTOR (UNTIL 10/2018) 1.00 1.00 X 0 0 0 CHARLES L JOHNSON II FORMER DIRECTOR (UNTIL 10/2018) 1.00 1.00 X 0 0 0 JOAN SELL FORMER DIRECTOR (UNTIL 10/2018) 1.00 1.00 X 0 0 0 LARRY SPENCER PRESIDENT 30.00 10.00 X 550341 0 37583 JOSEPH STANGL CHIEF FINANCIAL OFFICER 30.00 10.00 X 161525 0 24984 DENISE HOLLYWOOD EXECUTIVE VICE PRESIDENT 30.00 10.00 X 213189 0 19295 DOUG BIRKEY EXECUTIVE DIRECTOR, MITCHELL INSTITUTE 40.00 X 175146 0 7562 FRED ULLMAN DIRECTOR, CORPORATE RELATIONS 40.00 X 204744 0 25416 DAVID DEPTULA DEAN, MITCHELL INSTITUTE 40.00 X 306311 0 15431 KARI VOLIVA VP, MEMBER & FIELD RELATIONS 40.00 X 157259 0 14394 BERNARD SKOCH COMMISSIONER, CYBERPATRIOT 40.00 X 258898 0 19094 2027413 0 163759 19 0 1 0 LSC COMMUNICATIONS PO BOX 531840 ATLANTA GA 30353 MAGAZINE PRINT/DISTRIBUTION 361778 DIRECTMAILCOM 5351 KETCH ROAD PRINCE FREDERICK MD 20678 FUNDRAISING CONSULTANT 337187 NATIONAL TRADE PRODUCTIONS 313 SOUTH PATRICK STREET ALEXANDRIA VA 22314 EXHIBIT BOOTH SALES 314848 XUMAK LLC 201 S BISCAYNE BLVD 28TH FLOOR MIAMI FL 33131 WEBSITE CONSULTANT 273127 GETTINGS PRODUCTIONS 275 NORTH LAKE SHORE DRIVE OCOEE FL 34761 EVENT PRODUCTION SERVICES 270775 14 15429 158400 5832141 6005970 CONFERENCES & MEETINGS 900099 6309988 6309988 MEMBERSHIP DUES 900099 2129996 2129996 CYBERPATRIOT 900099 728220 728220 MAGAZINE ADVERTISING 541800 706283 706283 MAGAZINE SUBCRIPTIONS 900099 15790 15790 9890277 446960 446960 21143 21143 19670827 19483108 187719 187719 187719 2286 2286 2286 16554355 9183994 706283 658108 23400 23400 298524 298524 1006917 665876 315356 25685 5430720 3620197 1675360 135163 832357 514981 299126 18250 430821 254092 154553 22176 333468 215837 109481 8150 26567 8731 17661 175 64979 64979 87102 87102 80765 80765 1338574 1060620 277954 49878 30971 4718 14189 1252019 680138 170624 401257 781967 331199 448295 2473 451781 430107 21674 586734 499487 83167 4080 2312411 2310241 2170 21347 21347 134756 134756 286269 92801 193468 222072 31469 190603 MAGAZINE 707075 701183 5892 TAXES AND FEES 217047 2891 207479 6677 BAD DEBT 15000 15000 ALLOCATION -539663 1352312 -1716473 -175502 16452887 13259813 2613463 579611 X 479635 308412 52867 118356 3439535 1939427 281481 860390 473345 226750 214884 111664 68949 409558 390718 2713152 1555265 928175 1157887 25237093 27300359 12340429 32319 43324500 32088463 2785893 2356083 3614654 3980014 4763139 4383522 39125768 7890625 50289454 18610244 X -9516809 11110059 1384479 1195734 1167376 1172426 -6964954 13478219 43324500 32088463 X 101468 -2279176 22620881 X 0 1 X 1 0 X 3866552 3804645 4790527 5976039 6005970 24443733 3866552 3804645 4790527 5976039 6005970 24443733 10142670 14301063 469269 397639 568222 564244 468103 2467477 44741 19174 16516 4091 2286 86808 26998018 38817361 0.52970 0.52330 X 0 0 0 16372120 16372120 968606 242152 0 0 953060 968606 1921666 2882499 238265 242152 480417 720626 1793441 5050 -123359 21000 33081 1621051 1579076 6100 267178 22312 36601 1793441 1541886 8000 74790 13374 32226 1579076 1593344 6000 -3710 22282 31466 1541886 1509276 6000 132865 22279 32517 1593344 0.72000 0.28000 0 0 2713152 1555265 1157887 1157887 CAPITAL LEASE OBLIGATION 14913 PENSION LIABILITY 7875712 7890625 X 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: 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. X X X X X X 1 DIRECTMAILCOM 5351 KETCH ROAD PRINCE FREDERICK MD 20678 DIRECT MAIL FUNDRAISING CONSULTANT 0 911262 337187 574075 LYNCH PINNACLE 5425 WISCONSIN AVENUE SUITE 600 CHEVY CHASE MD 20815 CORPORATE FUNDRAISING CONSULTANT 0 171150 120000 51150 1082412 457187 625225 AK AL AR CA CO CT FL GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OH OK OR PA RI SC TN TX VA WA WI DC NV WV 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) 8500 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) 14900 PROVIDES GRANTS TO CIVIL AIR PATROL UNITS TO ENHANCE AEROSPACE EDUCATION 1 1 SCHOLARSHIPS 40 46250 PITSENBARGER AWARD 140 56000 AIR FORCE JUNIOR ROTC GRANT 4 7000 EDUCATOR GRANT 40 20000 NATIONAL TEACHER OF THE YEAR 90 39750 WOUNDED AIRMAN SUPPORT 2027 125524 PART I, LINE 2: ALL REQUESTS ARE REVIEWED BY COMMITTEES. MOST COMMITTEES ARE NOT LOCATED AT AFA HEADQUARTERS. SCHOLARSHIPS ARE GRANTED BASED ON NEED, ACADEMIC ACHIEVEMENT, AND STUDY IN TECHNICAL DISCIPLINES. AIR FORCE ASSOCIATION MONITORS THE AWARDS THROUGH FEEDBACK REPORTS. AWARDS ARE PRESENTED BY A NATIONAL OFFICER AT THE ROTC COMPETITION AND ARE HANDED OUT AT BOARD MEETINGS AND AT THE CONVENTION. X X X X X 0 1 0 1 0 0 0 0 0 LARRY SPENCER PRESIDENT 401458 0 100000 0 48883 0 36762 0 821 0 587924 0 34995 0 JOSEPH STANGL CHIEF FINANCIAL OFFICER 160525 0 1000 0 0 0 14296 0 10688 0 186509 0 0 0 DENISE HOLLYWOOD EXECUTIVE VICE PRESIDENT 207189 0 6000 0 0 0 18570 0 725 0 232484 0 0 0 DOUG BIRKEY EXECUTIVE DIRECTOR, MITCHELL INSTITU 174146 0 1000 0 0 0 6798 0 764 0 182708 0 0 0 FRED ULLMAN DIRECTOR, CORPORATE RELATIONS 109002 0 95742 0 0 0 18500 0 6916 0 230160 0 0 0 DAVID DEPTULA DEAN, MITCHELL INSTITUTE 305311 0 1000 0 0 0 14640 0 791 0 321742 0 0 0 KARI VOLIVA VP, MEMBER & FIELD RELATIONS 156259 0 1000 0 0 0 13770 0 624 0 171653 0 0 0 BERNARD SKOCH COMMISSIONER, CYBERPATRIOT 247898 0 11000 0 0 0 18605 0 489 0 277992 0 0 0 PART I, LINE 4B LARRY SPENCER - AFA CONTRIBUTED $13,888 TO THE 457(F) PLAN, AND PAID OUT $48,883 IN VESTED BENEFITS UNDER THE PLAN DURING 2018. 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 PROFIT GENERATION. FORM 990, PART III, LINE 2 IN SEPTEMBER OF 2018, THE AIR FORCE MEMORIAL FOUNDATION'S (AFMF) BOARD VOTED TO TRANSFER THE ASSETS OF THE AFMF TO AFA AS OF SEPTEMBER 2018, AND THE CORRESPONDING NET ASSETS AT DECEMBER 31, 2018 ARE CLASSIFIED UNDER GAAP AS BOARD-DESIGNATED NET ASSETS WITHOUT DONOR RESTRICTION. THE DESIGNATION REPRESENT AFA'S INTENT TO FULLY HONOR THE LEGAL RESTRICTION THAT WAS PLACED ON THE ORIGINAL DONATIONS TO THE AFMF, WHICH LIMITED THE USE OF THESE FUNDS TO THE FOUNDATION'S MISSION. ADDITIONALLY, THE BOARD VOTED TO MOVE THE NON-REAL ASSETS OF THE AFA VETERAN BENEFITS ASSOCITION TO THE AFA CORPORATION AND TO DISSOLVE THE AFAVBA CORPORATION. THIS RESULTED IN A TRANSFER OF $19,941,710 FROM AFAVBA TO AFA, OF WHICH $14,053,374 IS CLASSIFIED AS BOARD-DESIGNATED NET ASSETS WITHOUT DONOR RESTRICTION. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD OFFICERS AND TWO ADDITIONAL APPOINTEES OF THE BOARD 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 THROUROUGH 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. 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 2018. THE PRESIDENT SETS COMPENSATION FOR ALL STAFF AND UTILIZES INDUSTRY BENCHMARK DATA TO DETERMINE THE PAY SCALE. THE LAST REVIEW OCCURRED IN 2018. 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: INTERCOMPANY TRANSFER FROM VBA TO AFA 7,557. CHANGE IN PENSION LIABILITY 165,487. TRANSFER AMONG AFFILIATES 22,447,837. 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 1501 LEE HIGHWAY SUITE 400 ARLINGTON VA 222091109 541629975 STEWARDSHIP OF MEMORIAL VA 501(C)(3) LINE 7 AIR FORCE ASSOCIATION 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 AFA VETERAN BENEFITS ASSOCIATION N 535365 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION Q 1561633 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION S 20364792 BOOK VALUE AIR FORCE MEMORIAL FOUNDATION INC S 2083045 BOOK VALUE