2018-11-12T07:37:15-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2017-01-01 526043929 AIR FORCE ASSOCIATION AIRF 7032475800 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091109 LARRY O SPENCER PRESIDENT 7032475800 2018-11-08 1 DAVID TRIMNER CPA P00444822 5712279500 67.137.57.251 2018-11-08 08:10:15 ES P 3F26782FE4A8D097B8E6D44DA42E2066FBD559CC 117C9FDD72C608EEAC637569487DFDD6D3A36660 2017 2019-02-21 02:37:17Z LARRY O SPENCER 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091109 43194152 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 80 25 737925 -1000 4790527 5976039 8134066 9185075 1510272 4479383 24908 51423 14459773 19691920 571942 332134 0 0 6886957 8029670 0 61360 587444 8730859 7799733 16189758 16222897 -1729985 3469023 33479477 43324500 42186978 50289454 -8707501 -6964954 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. 0 0 3724135 1003 5565602 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 NEARLY 12,000 REGISTRANTS AND 100,000 SQUARE FEET OF EXHIBIT FLOOR SPACE. 2972071 811573 AIR FORCE MAGAZINE:EACH MONTH, AFA PUBLISHES AIR FORCE MAGAZINE, A HIGHLY REGARDED AND AWARD-WINNING AEROSPACE JOURNAL. AFA ALSO PUBLISHES AIR FORCE MAGAZINE'S DAILY REPORT, A ONE-OF-A-KIND NEWS DIGEST DEDICATED TO USAF, AIRPOWER, AND NATIONAL SECURITY. THE WWW.AIRFORCEMAG.COM WEBSITE FEATURES COMPREHENSIVE IN-DEPTH ARTICLES, THE AIR FORCE MAGAZINE ARCHIVE, AND ADDITIONAL REFERENCE AND RESEARCH INFORMATION. 2395759 7270 631369 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 USES A DYNAMIC ON-LINE CYBER DEFENSE COMPETITION TO IDENTIFY TEAMS OF MIDDLE AND HIGH SCHOOL STUDENTS WHO CAN BEST DEFEND A COMPUTER NETWORK AGAINST ATTACK. OTHER PROGRAM ELEMENTS ARE THE AFA CYBERCAMPS, WHICH OFFER 20 HOURS OF CURRICULUM FOR INSTITUTIONS TO PURCHASE AND HOST AN AFA CYBERCAMP IN THEIR AREA, THE ELEMENTARY SCHOOL CYBER EDUCATION INITIATIVE WHICH ARE THREE EDUCATIONAL ACTIVITIES THAT TEACH CYBER SAFETY AND BASIC CYBERSECURITY PRINCIPLES, AND THE CYBER EDUCATION LITERATURE SERIES WHOSE FIRST BOOK, SARAH THE CYBER HERO, TEACHES CYBERSECURITY PRINCIPLES TO A PRE-K AUDIENCE. 1521703 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. 966880 3391 2176531 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. THESE FIELD LEADERS ARE THE GOVERNING BODY OF AFA. 379167 192797 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. 296703 97673 AIRMAN AND FAMILY PROGRAMS: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. 164101 30000 STELLARXPLORERS:STELLARXPLOERES 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 1135417 OTHER PROGRAMS: OTHER PROGRAM SERVICES INCLUDE GOVERNMENT RELATIONS AND MARKETING. 4463971 323861 2176531 13555936 1 1 0 1 0 0 0 0 0 1 1 0 0 1 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 1 0 1 70 0 80 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 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 RICHARD BUNDY VCOB, AEROSPACE EDUCATION 15.00 2.00 X X 0 0 0 STEVEN R LUNDGREN NATIONAL TREASURER 10.00 2.00 X X 0 0 0 ROSS B LAMPERT NATIONAL SECRETARY 5.00 2.00 X X 0 0 0 JOHN T BROCK NATIONAL SECRETARY (UNTIL 10/2017) 5.00 2.00 X X 0 0 0 BRUCE A WRIGHT NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 CHARLES HEFLEBOWER NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 CHARLES L JOHNSON II NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 EUGENE D SANTARELLI NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 JAMES A CODY NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 JOAN SELL NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 KATHLEEN M MCCOOL NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 LEONARD R VERNAMONTI NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 LISA S DISBROW NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 MARK A WELSH II NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 MARK L TARPLEY NATIONAL DIRECTOR 1.00 1.00 X 0 0 0 RICHARD W HARTLE 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 GARY NORTH NATIONAL DIRECTOR (UNTIL 10/2017) 1.00 1.00 X 0 0 0 KENT OWSLEY NATIONAL DIRECTOR (UNTIL 10/2017) 1.00 1.00 X 0 0 0 KEVIN JACKSON NATIONAL DIRECTOR (UNTIL 10/2017) 1.00 1.00 X 0 0 0 JAMES ROY NATIONAL DIRECTOR (UNTIL 10/2017) 1.00 1.00 X 0 0 0 LARRY O SPENCER PRESIDENT 30.00 10.00 X 340217 113406 68758 JOSEPH STANGL CHIEF FINANCIAL OFFICER 30.00 10.00 X 113820 37940 24984 DENISE HOLLYWOOD EXECUTIVE VICE PRESIDENT 30.00 10.00 X 149880 49960 18559 DOUG BIRKEY EXECUTIVE DIRECTOR, MITCHELL INSTITUTE 40.00 X 163344 0 11707 FRED ULLMAN DIRECTOR, CORPORATE RELATIONS 40.00 X 173446 0 20018 DAVID DEPTULA DEAN, MITCHELL INSTITUTE 40.00 X 258124 0 23067 BERNARD SKOCH COMMISSIONER, CYBERPATRIOT 40.00 X 194461 0 16305 KARI VOLIVA VP, MEMBER & FIELD RELATIONS 40.00 X 142928 0 13488 1536220 201306 196886 18 0 1 0 FONTEVA INC 4420 N FAIRFAX DRIVE ARLINGTON VA 22203 ASSOCIATION MGMT SOFTWARE SUPPORT 423248 LSC COMMUNICATIONS PO BOX 531840 ATLANTA GA 30353 MAGAZINE DISTRIBUTION 423103 DIRECTMAILCOM 5351 KETCH ROAD PRINCE FREDERICK MD 20678 FUNDRAISING CONSULTANT 255614 CIAS 4350 LOCKHILL-SELMA SUITE 100 SHAVANO PARK TX 78249 CYBERPATRIOT SOFTWARE SUPPORT 250551 NATIONAL TRADE PRODUCTIONS 313 SOUTH PATRICK STREET ALEXANDRIA VA 22314 EXHIBIT BOOTH SALES 238838 12 33694 5942345 5976039 CONFERENCES & MEETINGS 900099 6022022 1856797 4165225 MEMBERSHIP DUES 900099 1690500 1690500 MAGAZINE ADVERTISING 541800 737925 737925 CORPORATE DUES 900099 486031 486031 CYBERPATRIOT 900099 174949 174949 73648 73648 9185075 516912 516912 47332 47332 27464703 23502232 3962471 3962471 3962471 4091 4091 4091 19691920 4281925 737925 8696031 86841 86841 245293 245293 688141 453870 216340 17931 5693384 3791795 1757774 143815 929006 571878 330475 26653 300905 179390 104700 16815 418234 278970 127244 12020 20614 1980 18634 64797 64797 61360 61360 116870 16846 100024 1156776 905964 250477 335 91666 63672 8384 19610 1130356 632793 456208 41355 642031 379141 260962 1928 633596 591331 42265 505442 422877 81792 773 2163932 2140966 18090 4876 2843 2843 275036 111869 163167 191079 28181 162898 MAGAZINE 797200 797200 BANK FEES 203812 1441 202271 100 BAD DEBT EXPENSE 68694 66839 1855 ALLOCATIONS -511702 1710878 -2393542 170962 246691 142760 79140 24791 16222897 13555936 2079517 587444 X 442320 287309 45137 109874 1809463 3439533 1547465 779495 787341 688229 238461 409558 2197171 1268996 468825 928175 20795563 24739081 7832359 12340429 33479477 43324500 2184793 2785893 2980528 3614654 4962450 4763139 32059207 39125768 42186978 50289454 X -10925273 -9516809 1056496 1384479 1161276 1167376 -8707501 -6964954 33479477 43324500 3469023 -2141872 415396 0 X 0 1 X 1 0 X 3808650 3866552 3804645 4790527 5976039 22246413 3808650 3866552 3804645 4790527 5976039 22246413 9244410 13002003 450897 469269 397639 568222 564244 2450271 63212 44741 19174 16516 4091 147734 24844418 36443189 0.52330 0.48640 X 0 0 0 16061195 16061195 953060 238265 0 0 953060 953060 1429590 238265 238265 357398 1579076 6100 267178 22312 36601 1793441 1541886 8000 74790 45600 1579076 1580344 6000 -3710 39933 815 1541886 1509276 6000 119864 53722 1074 1580344 785135 7500 238741 37512 750 993114 0.00000 0.65090 0.34910 0 0 691529 670770 20759 1505642 598226 907416 928175 ACCRUED INTEREST RECEIVABLE 26392 DUE FROM AFA VETERAN BENEFITS ASSOCIATION 9997654 DUE FROM AIR FORCE MEMORIAL FOUNDATION 2316383 12340429 CAPITAL LEASE OBLIGATION 36648 DUE TO AFA VETERAN BENEFITS ASSOCIATION 28350214 DUE TO AIR FORCE ASSOCIATION 1959451 PENSION LIABILITY 8779455 39125768 X 21035035 -2141872 115078 3486779 1459985 19575050 116870 116870 19691920 18081530 115078 1860425 1975503 16106027 116870 116870 16222897 PART V, LINE 4: ENDOWMENT FUNDS WILL BE USED FOR SCHOLARSHIPS AND AWARDS. 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM RELATED ORGANIZATIONS 3,486,779. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RELATED ORGANIZATIONS 1,860,425. X X X X X X 1 DIRECTMAILCOM 5351 KETCH ROAD PRINCE FREDERICK MD 20678 DIRECT MAIL FUNDRAISING CONSULTANT 0 1023424 52500 970924 LYNCH PINNACLE 5425 WISCONSIN AVENUE SUITE 600 CHEVY CHASE MD 20815 CORPORATE FUNDRAISING CONSULTANT 0 0 50000 0 1023424 102500 970924 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 UT VA WA WI DC SCHEDULE G, PART I, LINE 2B, COLUMN (V) AIR FORCE ASSOCIATION (AFA) PAID PROFESSIONAL FUNDRAISERS FOR PROFESSIONAL FUNDRAISING SERVICES AND ADMINISTRATIVE FEES. IN 2017, AFA PAID $203,114 ADMINISTRATIVE FEES AND EXPENSE REIMBURSEMENTS TO DIRECMAIL.COM. 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) 14500 PROVIDES GRANTS TO CIVIL AIR PATROL UNITS TO ENHANCE AEROSPACE EDUCATION 1 1 SCHOLARSHIPS 21 42400 PITSENBARGER AWARD 153 61200 AIR FORCE JUNIOR ROTC GRANT 37 9238 EDUCATOR GRANT 42 10500 CHAPTER TEACHER OF THE YEAR 72 18500 STATE TEACHER OF THE YEAR 31 15000 NATIONAL TEACHER OF THE YEAR 3 6000 WOUNDED AIRMAN SUPPORT 524 82455 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 0 1 0 0 0 0 0 0 0 LARRY O SPENCER PRESIDENT 295217 98406 45000 15000 0 0 50747 16916 821 274 391785 130596 0 0 JOSEPH STANGL CHIEF FINANCIAL OFFICER 113820 37940 0 0 0 0 10722 3574 8016 2672 132558 44186 0 0 DENISE HOLLYWOOD EXECUTIVE VICE PRESIDENT 149880 49960 0 0 0 0 13194 4398 725 242 163799 54600 0 0 DOUG BIRKEY EXECUTIVE DIRECTOR, MITCHELL INSTITU 163344 0 0 0 0 0 6569 0 5138 0 175051 0 0 0 FRED ULLMAN DIRECTOR, CORPORATE RELATIONS 173446 0 0 0 0 0 15459 0 4559 0 193464 0 0 0 DAVID DEPTULA DEAN, MITCHELL INSTITUTE 258124 0 0 0 0 0 22546 0 521 0 281191 0 0 0 BERNARD SKOCH COMMISSIONER, CYBERPATRIOT 194461 0 0 0 0 0 15784 0 521 0 210766 0 0 0 KARI VOLIVA VP, MEMBER & FIELD RELATIONS 142928 0 0 0 0 0 12864 0 624 0 156416 0 0 0 PART I, LINE 4B LARRY SPENCER - AFA CONTRIBUTION TO 457(F) PLAN, ACCRUED COMPENSATION, FOR $15,000 WHICH IS INCLUDED AS AN ACCRUAL IN THE CONSOLIDATED STATEMENTS OF THE FINANCIAL POSITION. COMPENSATION WILL NOT BE PAID OUT UNTIL FULLY VESTED IN 2018. 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(INCLUDING LIFE MEMBERS) AND TYPE (INCLUDING STUDENT, REGULAR, CADET, ETC.). 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 INCREASES; AND APPROVE CHANGES TO AIR FORCE ASSOCIATION CONSTITUTION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING AND REVIEWED THOROUGHLY BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER, NATIONAL TREASURER AND THE DIRECTOR OF FINANCE. 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. IN THIS CASE, THE APPROPRIATE MATERIAL SHOULD BE DELETED FROM THE MINUTES PROVIDED TO THAT DIRECTOR. IF THE DIRECTOR IN GOOD FAITH DETECTS THAT HE OR SHE HAS FAILED TO RECOGNIZE A CONFLICT, THE DIRECTOR, WHEN IT IS RECOGNIZED, SHALL REPORT THAT FAILURE TO THE CHAIRMAN OF THE BOARD - WHO SHALL TAKE APPROPRIATE ACTION TO PREVENT CONTINUATION OF THE CONFLICT AND MITIGATE PAST ACTION TO THE EXTENT REASONABLE. THE MATTER SHALL BE REFERRED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND RECOMMENDATION. 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 ANNUALLY. 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 2017. 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. 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 AIR FORCE MEMORIAL FOUNDATION O 81683 BOOK VALUE AIR FORCE MEMORIAL FOUNDATION Q 223343 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION N 528366 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION O 81683 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION Q 1014618 BOOK VALUE