2017-11-13T08:05:54-06:00 2016-12-31 521855942 Tate and Tryon 2021 L Street NW Suite 400 Washington DC 20036 990 2016-01-01 541797281 AIR FORCE AID SOCIETY INC AIRF 7039722650 241 18TH STREET SOUTH No 202 ARLINGTON VA 22202 sidney r heetland CHIEF FINANCIAL OFFICER 7039722650 2017-11-13 1 Elizabeth Heller P00397829 2022932200 216.59.105.130 2017-11-13 08:05:52 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8B6C6DF7A8E3B84B5AE7D1943EC3750B5C691B8F 2016 2017-02-10 21:41:12Z JOHN D HOPPER JR 241 18TH STREET SOUTH No 202 ARLINGTON VA 22202 69823033 0 X www.afas.org X 1942 VA SUpport U.S. airmen and their families with emergency financial and educational assistance. 20 20 28 20 0 0 5338291 5218886 2860 1963 10364860 3791826 -99728 -115201 15606283 8897474 8837340 8733019 0 0 3235087 3274097 0 0 398005 1947724 1941357 14020151 13948473 1586132 -5050999 183252774 188868656 1691469 1685846 181561305 187182810 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 2016, the Society spent $15 million in direct support to Airmen. 0 0 6713759 5864616 Education Assistance - The General Henry "Hap" Arnold Education Grant Program provides needs-based education grants to children and spouses of airmen. In 2016, the Society awarded almost $6 million in grants to 2,332 students to help pay for college. An additional 51 students received merit-based scholarships, totaling $111,000, which are designed to reward the highest achieving incoming freshmen. Scholarship selection is based on a student's GPA and a written essay. In addition to grants, the society also provides up to $1,000 in interest-free loans to help defray some of the additional costs for school books and supplies. in 2016, $54,000 in no-interest loans were issued. 3184247 1550368 1963 EMERGENCY ASSISTANCE (EA) - THE EA PROGRAM IS PRIORITY NUMBER ONE FOR THE SOCIETY AND IS aimed towards helping relieve THE FINANCIAL PRESSURES ON AIRMEN AND THEIR FAMILIES BY ASSISTING WITH IMMEDIATE FINANCIAL NEEDS IN AN EMERGENCY SITUATION. SUPPORT IS PROVIDED THROUGH INTEREST-FREE LOANS AND GRANTS, DEPENDING ON THE INDIVIDUAL CIRCUMSTANCES SURROUNDING THE NEED. EA IS PROVIDED FOR BASIC LIVING EXPENSES, EMERGENCY TRAVEL, VEHICLE REPAIRS, FUNERAL COSTS, MEDICAL/DENTAL COSTS, CHILD/RESPITE CARE, AND MOVING EXPENSES. Air Force families can also receive help developing a family budget in an effort to stay on top of their finances after the assistance is provided. IN 2016, $6 MILLION IN no-interest loans and $1.5 million in grants WERE PAID OUT TO HELP almost 14,000 AIRMEN. 1575930 1318035 Community Enhancement Programs - The Society supports several base-level programs aimed at improving the quality of life for Air Force families. Funding for childcare programs was $681k in 2016, as over 16,700 children were cared for through the give parents a break, childcare for PCS, and childcare for volunteers programs. bundles for babies provides expecting families information on budgeting for the impact of a new baby while providing resources to assist along the way. in 2016, the bundles program spent $116k to provide incentives for the families that attended the course. The spouse employment program provided entry-level training to over 750 spouses during the year, spending $250k. Other programs funded by the society in 2016 were the car care, phone home, and heart link programs. 11473936 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 1 132 0 1 28 1 0 0 0 0 0 1 1 1 10 0 0 0 X 20 20 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 241 18TH STREET SOUTH STE 202 ARLINGTON VA 222023409 Honorable William A Moorman PRESIDENT and trustee 2.00 X X 0 0 0 maj gen alfred k flowers ret vice president and trustee 2.00 X X 0 0 0 DR WILLIAM W JENNINGS TRUSTEE 2.00 X 0 0 0 MRS ELLEN JUMPER TRUSTEE 1.00 X 0 0 0 mr louis kingsland TRUSTEE 1.00 X 0 0 0 LT Gen Christopher F Burne TRUSTEE 1.00 X 0 0 0 MAJ GEN JAMES F MARTIN JR TRUSTEE 1.00 X 0 0 0 MR ELI COHEN TRUSTEE 1.00 X 0 0 0 cmsgt dennis l fritz ret TRUSTEE 1.00 X 0 0 0 dr jerrold I W mitchell TRUSTEE 1.00 X 0 0 0 MR JAMES C REAGAN TRUSTEE 1.00 X 0 0 0 CMSAF james a cody tRUSTEE 1.00 X 0 0 0 honorable eugene r sullivan tRUSTEE 1.00 X 0 0 0 CMSGT Athena cody RET TRUSTEE 1.00 X 0 0 0 LT GEN SAMUEL D COX TRUSTEE 1.00 X 0 0 0 HONORABLE DEBORAH LEE JAMES TRUSTEE 1.00 X 0 0 0 ms Kathleen k barchick TRUSTEE 1.00 X 0 0 0 lt gen dr thomas w travis TRUSTEE 1.00 X 0 0 0 mrs Betty welsh TRUSTEE 1.00 X 0 0 0 gen mark a welsh III trustee 1.00 X 0 0 0 lt gen dr mark a ediger trustee 1.00 X 0 0 0 lt gen gina m grosso trUSTEE 1.00 X 0 0 0 lt gen john d hopper jr ret CHIEF EXECUTIVE OFFICER 40.00 X 214163 0 57657 col sidney r heetland ret CHIEF FINANCIAL OFFICER 40.00 X 160921 0 59116 col linda f egentowich ret CHIEF OPERATIONS OFFICER 40.00 X 160873 0 53966 mr michael c parnarouskis jr controller 40.00 X 114555 0 52103 Mrs Dorothy M Larkin Education Manager 40.00 X 105043 0 48509 755555 0 271351 5 0 1 0 SCHOLARSHIP AMERICA ONE SCHOLARSHIP WAY ST PETER MN 56082 PROGRAM ADMIN 252670 THE NORTHERN TRUST COMPANY 300 atlantic st ste 400 samford CT 06901 INVESTMENT MANAGEMENT 214733 UBS REALTY INVESTORS LLC 10 STATE HOUSE SQ 15TH FLOOR HARTFORD CT 06103 INVESTMENT MANAGEMENT 184967 concourse federal group llc 1001 connecticut ave nw ste 704 washington DC 20036 IT management 150925 mellen & co 2115 sandalwood rd virginia beach VA 23451 software development 109750 5 4387 701106 4513393 88112 5218886 uncollectible loan repayments 900099 1963 1963 1963 4183846 4183846 60271029 60663049 -392020 -392020 -392020 147283 701106 262510 -115227 -115227 CLASS ACTION settlements 900099 26 26 26 8897474 1963 0 3676625 84778 84778 8060586 8060586 587655 587655 706696 436738 207769 62189 1571243 971026 461948 138269 137826 85176 40521 12129 709279 438334 208528 62417 149053 92115 43822 13116 46488 46488 682421 682421 66775 41267 19632 5876 107348 107348 98164 60737 29039 8388 110938 68559 32616 9763 273931 169289 80536 24106 25101 15512 7380 2209 8148 4843 3305 74744 46192 21975 6577 45674 28227 13428 4019 Education grant adminis 252670 252670 POST RETIREMENT ADJUSTM 51250 51250 ALL other expenses 49097 25026 18526 5545 Other Fundraising COSTS 43402 43402 5206 5206 13948473 11473936 2076532 398005 1097145 845071 1260443 1685078 84008 146458 122083 54944 4046510 3746272 116975 171783 2495332 1700720 696032 794612 142657834 148045977 33171744 33378461 183252774 188868656 328629 307016 1362840 1378830 1691469 1685846 X 179658493 184791711 91008 509295 1811804 1881804 181561305 187182810 183252774 188868656 -5050999 10672504 0 X X 0 1 X 1 0 X 6685304 7335731 5371701 5338291 5218886 29949913 6685304 7335731 5371701 5338291 5218886 29949913 29949913 3943383 4155301 4231979 4218221 4183846 20732730 231520 193737 449403 203058 147310 1225028 51907671 72882 0.57700 0.58900 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 2016 usaf charity ball was held 4/2/2016 and generated $147,283 on 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 2016 $27 was received from class action lawsuit settlements. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1811804 70000 142743 142743 1881804 1811804 1205 -1205 1811804 1786804 25000 118743 118743 1811804 1749804 37000 254417 254417 1786804 1749804 203431 203431 1749804 1.00000 0 0 367123 315795 51328 495501 351682 143819 1632708 1033243 599465 794612 REAL ESTATE FUND 14852497 F HEDGE FUNDS 9471253 F PRIVATE EQUITY FUND 9054711 F 33378461 OTHER LIABILITIES 42724 ACCRUED COMPENSATION 269853 ACCRUED YES program LIABILITIES 246520 Post Retirement Liability 568284 Deferred 2017 charity ball income 170000 accrued lease expense 39925 accrued medical insurance claims 41524 1378830 X 19065222 10672504 10672504 8392718 682421 -177665 504756 8897474 13443717 177665 177665 13266052 682421 682421 13948473 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 is exempt from payment of income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. The Society believes that it has appropriate support for income tax positions taken. Part XI, Line 4b - Other Adjustments: CHARITY BALL EVENT EXPENSES -177,665. THIS IS THE DIRECT COST OF THE SOCIETY'S USAF CHARITY BALL FUNDRAISING event held in 2016. The 990 requires these costs to be netted against the fundraising event earnings in the statement of revenues in Part VIII. These costs are reported as fundraising expenses in the Society's 2016 Audit Report. Part XII, Line 2d - Other Adjustments: CHARITY BALL EVENT EXPENSES 177,665. See note for Part XI, Line 4B above for more information regarding the Charity Ball Events Expense. 1 East Asia and the Pacific 0 44 grants 122894 East Asia and the Pacific 0 0 program services SEE PART V 58673 East Asia and the Pacific 0 0 investments 90581 Europe (Including Iceland & Greenland) 0 66 grants 197850 Europe (Including Iceland & Greenland) 0 0 program services SEE PART V 154052 Europe (Including Iceland & Greenland) 0 0 investments 1361028 Middle East and North Africa 0 0 program services SEE PART V 54186 Central America and the Caribbean 0 0 investments 9685147 North America 0 0 investments 243787 0 110 0 0 0 110 11724411 243787 11968198 education grants for college East Asia and the Pacific 47 114460 check education grants for college Europe (Including Iceland & Greenland) 84 172427 check emergency financial assistance East Asia and the Pacific 19 8434 check emergency financial assistance Europe (Including Iceland & Greenland) 73 25423 check car maintenance East Asia and the Pacific 31 1217 oil change coupon cost car maintenance Europe (Including Iceland & Greenland) 437 18852 oil change coupon cost AF Base Childcare services East Asia and the Pacific 526 35381 childcare provided cost AF Base Childcare services Europe (Including Iceland & Greenland) 1987 65668 childcare provided cost AF Base Education Programs East Asia and the Pacific 176 8254 classes provided cost AF Base Education Programs Europe (Including Iceland & Greenland) 293 39800 classes provided cost bundles for babies East Asia and the Pacific 205 10623 tote bag of baby gear cost bundles for babies Europe (Including Iceland & Greenland) 400 20728 tote bag of baby gear cost phone cards for deployed airmen Middle East and North Africa 10270 54186 prepaid phone cards cost 1 0 0 1 0 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 2016 AT OVERSEAS BASES IN EAST ASIA AND EUROPE INCLUDED CAR CARE, SPOUSE EMPLOYABILITY, AND BUNDLES FOR BABIES. CHARITY BALL 848389 701106 147283 6944 64496 515 190555 848389 701106 147283 6944 64496 515 190555 262510 -115227 1 AIR FORCE OFFICERS' SPOUSES' CLUB OF WASHINGTON DC PO BOX 8490 WASHINGTON DC 20032 526057758 501(C)(7) 41403 SHARE OF CHARITY BALL PROCEEDS FOR ED GRANT FUNDING 0 1 education grants for college 2341 5537574 emergency financial assistance 3263 1516509 car maintenance 1906 82077 cost oil change coupon AF BASE CHILDCARE SERVICES 14249 579884 cost CHILDCARE services AF BASE EDUCATION CLASSES 2557 259698 cost class registration BUNDLES FOR BABIES 3117 84844 cost baby gear or gift card Part I, Line 2: the society provides education and emergency financial assistance grants to Air Force families. These programs are administered by air force support staff at AF bases around the US. 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 to ensure the grants are used as intended. emergency financial assistance support is issued on a case by case basis based on adequate documentation of the need by the airman. all assistance is tracked by the society's database system to provide a historical record of the assistance provided. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 lt gen john d hopper jr ret CHIEF EXECUTIVE OFFICER 198894 0 10000 0 5269 0 18800 0 38857 0 271820 0 0 0 col sidney r heetland ret CHIEF FINANCIAL OFFICER 150139 0 8000 0 2782 0 14232 0 44884 0 220037 0 0 0 col linda f egentowich ret CHIEF OPERATIONS OFFICER 151470 0 8000 0 1403 0 14352 0 39614 0 214839 0 0 0 mr michael c parnarouskis jr controller 108817 0 4750 0 988 0 10131 0 41972 0 166658 0 0 0 Mrs Dorothy M Larkin Education Manager 97690 0 6500 0 853 0 9107 0 39402 0 153552 0 0 0 Part I, Line 1a The Society offers a taxable reimbursement program for all employees of up to $650 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 3245 AVG HIGH/LOW PRICE X AUCTION ITEMS 232 84845 FAIR VALUE X phone card 1 22 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: GEN MARK A WELSH, III, USAF AND MRS BETTY WELSH CMSAF JAMES A CODY, USAF AND CMSGT ATHENA CODY, USAF RET. Form 990, Part VI, Section B, line 11b THE SOCIETY'S 990 IS PREPARED INTERNALLY BY THE ACCOUNTING STAFF. THE FILING IS THEN REVIEWED BY THE SOCIETY'S OFFICERS. FOLLOWING THIS INTERNAL REVIEW, THE 990 IS SENT TO AN OUTSIDE ACCOUNTING FIRM FOR AN INDEPENDENT REVIEW. PRIOR TO FILING THE 990 ELECTRONICALLY WITH THE IRS, THE SOCIETY MAKES THE DRAFT FILING AVAILABLE TO THE FULL BOARD OF TRUSTEES VIA EMAIL. once the full review is completed, The 990 is filed electronically with the IRS, and the public version of the filing 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.