2015-10-19T10:22:43-05:00 2014-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2014-01-01 541797281 AIR FORCE AID SOCIETY INC AIRF 7039722650 241 18TH STREET SOUTH NO 202 ARLINGTON VA 22202 COL SIDNEY R HEETLAND CHIEF FINANCIAL OFFICER 7039722650 2015-10-19 1 ELIZABETH HELLER P00397829 2022932200 2014 2016-02-25 16:41:14Z JOHN D HOPPER JR 241 18TH STREET SOUTH NO 202 ARLINGTON VA 22202 138960555 0 X WWW.AFAS.ORG X 1942 VA THE SOCIETY SUPPORTS US AIRMEN AND THEIR FAMILIES BY PROVIDING EMERGENCY FINANCIAL SUPPORT, EDUCATION GRANTS AND SCHOLARSHIPS, AND BASE COMMUNITY PROGRAMS. 20 20 23 20 0 0 7335731 5371701 5603 3716 14959439 17804535 -132361 171976 22168412 23351928 7980022 8813207 0 0 2847450 3022900 0 0 412308 1828829 2061567 12656301 13897674 9512111 9454254 186854166 191320282 1605393 1577374 185248773 189742908 X TO SUPPORT AIRMEN AND ENHANCE THE AIR FORCE MISSION BY RELIEVING EMERGENCY FINANCIAL DISTRESS, HELPING AIRMEN AND THEIR FAMILIES ACHIEVE THEIR EDUCATIONAL GOALS, AND IMPROVING THEIR QUALITY OF LIFE THROUGH PROACTIVE COMMUNITY PROGRAMS. IN 2014, THE SOCIETY PROVIDED OVER $16.9 MILLION IN DIRECT SUPPORT TO AIRMEN. 0 0 6850437 5876737 EDUCATION ASSISTANCE - THE GENERAL HENRY "HAP" ARNOLD EDUCATION GRANT PROGRAM PROVIDES NEEDS-BASED EDUCATIONAL GRANTS TO CHILDREN AND SPOUSES OF ACTIVE DUTY, RETIRED, AND DECEASED AIRMEN, HELPING THEM TO REALIZE THEIR EDUCATION GOALS. IN 2014, THE SOCIETY AWARDED OVER $6.0 MILLION IN GRANTS TO 2,714 STUDENTS TO HELP PAY FOR COLLEGE. IN ADDITION, THE SOCIETY AWARDS MERIT-BASED SCHOLARSHIPS FOR THE HIGHEST ACHIEVING INCOMING FRESHMEN. SELECTION IS BASED ON A STUDENT'S CUMULATIVE GPA, SAT/ACT SCORES, TRANSCRIPTS, ACTIVITIES, AND A WRITTEN ESSAY ON A SPECIFIC TOPIC CHOSEN BY THE SOCIETY. IN 2014, THE SOCIETY AWARDED 15 $5,000 SCHOLARSHIPS, EQUATING TO AN ADDITIONAL $75,000 IN ADDITIONAL EDUCATIONAL SUPPORT TO AIR FORCE FAMILIES. 3081251 1479063 3716 EMERGENCY ASSISTANCE (EA) - THE EA PROGRAM IS PRIORITY NUMBER ONE FOR THE SOCIETY. THIS PROGRAM AIMS TO HELP RELIEVE THE FINANCIAL PRESSURES THAT ARE FELT BY AIRMEN AND THEIR FAMILIES BY MEETING IMMEDIATE FINANCIAL NEEDS IN AN EMERGENCY SITUATION. DEPENDING ON THE INDIVIDUAL CIRCUMSTANCE, SUPPORT IS PROVIDED BY GRANT, INTEREST-FREE LOAN, OR A COMBINATION OF BOTH. EA IS GENERALLY PROVIDED FOR BASIC LIVING EXPENSES, EMERGENCY TRAVEL, VEHICLE REPAIRS, FUNERAL COSTS, MEDICAL/DENTAL COSTS, CHILD/RESPITE CARE, AND MOVING EXPENSES. THE ON-BASE AF PERSONNEL WHO HELP ADMINISTER THE PROGRAM CAN ALSO WORK WITH THE AIRMAN TO DEVELOP A FAMILY BUDGET IN AN EFFORT TO HELP THEM STAY FINANCIALLY SOUND AFTER THE ASSISTANCE IS PROVIDED. IN 2014, THE SOCIETY ASSISTED AIRMEN WITH OVER $9.1 MILLION, EQUATING TO OVER 18,000 IN ASSISTS. THIS SUPPORT WAS PROVIDED THROUGH $1,479,063 IN GRANTS AND AN ADDITIONAL $7.6 MILLION IN INTEREST-FREE LOANS. INCLUDED IN THIS SUPPORT WAS $184,000 IN DIRECT ASSISTANCE TO AIR FORCE WOUNDED WARRIORS. 1697221 1457407 COMMUNITY ENHANCEMENT PROGRAMS - THE SOCIETY SUPPORTS SEVERAL BASE-LEVEL PROGRAMS AIMED AT IMPROVING THE QUALITY OF LIFE FOR AIR FORCE FAMILIES. FUNDING FOR CHILDCARE SERVICES WAS $737,136 IN 2014 AS 16,590 AF CHILDREN WERE CARED FOR AS PART OF THE GIVE PARENTS A BREAK, PCS MOVE, AND VOLUNTEER PROGRAMS. THE BUNDLES FOR BABIES PROGRAM PROVIDES EXPECTING AF FAMILIES WITH IMPORTANT INFORMATION ON BUDGETING FOR THE NEW BABY FROM INFANCY THROUGH COLLEGE AND PROVIDES INFO ON SUPPORT PROGRAMS THAT ARE AVAILABLE IN THE COMMUNITY. THE SOCIETY PROVIDES EACH FAMILY WITH A TOTE FULL OF BABY GEAR FOR ATTENDING THE CLASS. THE SOCIETY HANDED OUT ALMOST 4,000 TOTES IN 2014 AT A COST OF $211,696. THE SPOUSE EMPLOYMENT PROGRAM PROVIDED ENTRY-LEVEL TRAINING TO ALMOST 1,000 SPOUSES, AT A COST OF $181,649 IN AN EFFORT TO HELP AF SPOUSES PROCURE VIABLE EMPLOYMENT OPPORTUNITIES. THE CAR CARE PROGRAM IS DESIGNED TO KEEP THE PRIMARY FAMILY VEHICLE IN TOP RUNNING ORDER WHILE THE ACTIVE DUTY MEMBER IS DEPLOYED. IN 2014, THE CAR CARE PROGRAM SPENT $120,681 TO HELP 2,915 FAMILIES GET OIL CHANGES AND REGULAR CHECKUPS ON THEIR VEHICLES. THE PHONE HOME PROGRAM PROVIDES PREPAID CALLING CARDS TO DEPLOYED AIRMEN TO HELP THEM MAINTAIN CONTACT WITH FAMILY MEMBERS BACK HOME. IN 2014, JUST UNDER 15,000 CARDS WERE DISTRIBUTED TO DEPLOYED AIRMEN AT A COST OF $108,308 TO THE SOCIETY. 11628909 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 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 152 0 1 23 1 0 0 0 0 0 1 1 1 16 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 1 1 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 DR FRANK J MCKEOWN PRESIDENT AND TRUSTEE 2.00 X X 0 0 0 HONORABLE WILLIAM A MOORMAN VICE PRESIDENT AND TRUSTEE 2.00 X X 0 0 0 MAJ GEN ALFRED K FLOWERS RET TRUSTEE 1.00 X 0 0 0 CMSGT DENNIS L FRITZ RET TRUSTEE 1.00 X 0 0 0 CMSGT JAMES A CODY TRUSTEE 1.00 X 0 0 0 CMSGT ATHENA CODY RET TRUSTEE 1.00 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 DR JERROLD IW MITCHELL TRUSTEE 1.00 X 0 0 0 MR ELI COHEN TRUSTEE 1.00 X 0 0 0 MR JAMES C REAGAN TRUSTEE 1.00 X 0 0 0 HONORABLE EUGENE R SULLIVAN 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 CHRISTOPHER F BURNE TRUSTEE 1.00 X 0 0 0 MAJ GEN JAMES F MARTIN JR 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 LT GEN JOHN D HOPPER JR RET CHIEF EXECUTIVE OFFICER 40.00 X 212211 0 55567 COL SIDNEY R HEETLAND RET CHIEF FINANCIAL OFFICER 40.00 X 155984 0 50662 COL LINDA F EGENTOWICH RET CHIEF OPERATIONS OFFICER 40.00 X 154509 0 46680 MRS DEBORAH VOSBURG DIRECTOR OF COMMUNICATIONS 40.00 X 108651 0 43028 MR MICHAEL C PARNAROUSKIS JR CONTROLLER 40.00 X 108682 0 44485 740037 0 240422 5 0 1 0 SCHOLARSHIP AMERICA ONE SCHOLARSHIP WAY ST PETER MN 56082 PROGRAM ADMIN 358691 THE NORTHERN TRUST COMPANY 300 ATLANTIC ST STE 400 STAMFORD CT 06901 INVESTMENT MANAGEMENT 340306 BAM TECHNOLOGIES 2001 JEFFERSON DAVIS HWY STE 610 ARLINGTON VA 22202 SOFTWARE DEVELOPMENT 255263 UBS REALTY INVESTORS LLC 10 STATE HOUSE SQ 15TH FLOOR HARTFORD CT 06103 INVESTMENT MANAGEMENT 160330 4 3251 736141 23712 4608597 100927 5371701 UNCOLLECTIBLE LOAN REPAYMENTS 900099 3716 3716 3716 4231979 4231979 128903756 115331200 13572556 13572556 13572556 173020 736141 277427 -104407 -104407 CLASS ACTION SETTLEMENTS 900099 276383 276383 276383 23351928 3716 0 17976511 58313 58313 7998129 7998129 756765 756765 675613 424285 187145 64183 1434863 901094 397457 136312 118980 74720 32957 11303 653628 410479 181054 62095 139816 87804 38729 13283 44604 44604 651951 651951 66000 41448 18282 6270 117832 74121 32728 10983 160363 100709 44420 15234 274811 172581 76123 26107 10568 6636 2928 1004 7631 3630 4001 123739 77709 34275 11755 43419 27268 12026 4125 EDUCATION GRANT ADMINIS 358691 358691 0 0 POST RETIREMENT ADJUSTM 83775 83775 OTHER FUNDRAISING COSTS 44850 0 0 44850 BAD DEBT EXPENSE 19063 19063 0 0 54270 35464 14002 4804 13897674 11628909 1856457 412308 1549766 943844 2395806 3426233 24290 48465 120668 59937 5531517 4561079 62754 96691 2213768 1547277 635534 666491 148154980 152658753 27859983 28858789 518868 0 186854166 191320282 356749 241591 1248644 1335783 1605393 1577374 X 183224679 187875639 237290 55465 1786804 1811804 185248773 189742908 186854166 191320282 9454254 -4960119 0 X X 0 1 X 1 0 X 6489363 6249207 6685304 7335731 5371701 32131306 6489363 6249207 6685304 7335731 5371701 32131306 32131306 3855274 3849251 3943383 4155301 4231979 20035188 166813 142874 231520 193737 449403 1184347 53350841 85656 0.60230 0.61220 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, WHICH WAS HELD ON APRIL 5, 2014. (2) THE SOCIETY RECEIVES PROCEEDS FROM THE SETTLEMENT OF CLASS ACTION LAWSUITS RELATING TO CORPORATIONS IN WHICH THE SOCIETY HELD AN INVESTMENT WITHIN ITS INVESTMENT PORTFOLIO. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1786804 25000 118743 118743 1811804 1749804 37000 254417 254417 1786804 1749804 203431 203431 1749804 1724804 26218 -1218 1749804 1624804 100000 196236 196236 1724804 1.00000 0 0 360923 254469 106454 408609 285646 122963 1444236 1007162 437074 666491 REAL ESTATE FUND 14741688 F HEDGE FUNDS 9624087 F PRIVATE EQUITY FUND 4493014 F 28858789 OTHER LIABILITIES 57005 ACCRUED COMPENSATION 285698 ACCRUED YES PROGRAM LIABILITIES 254455 POST RETIREMENT LIABILITY 546148 DEFERRED 2015 CHARITY BALL INCOME 119508 DEFERRED LEASE INCENTIVES 72969 1335783 X 17922003 -4960119 -4960119 22882122 651951 -182145 469806 23351928 13427868 182145 182145 13245723 651951 651951 13897674 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. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. GENERALLY, INCOME TAX RETURNS RELATED TO THE CURRENT AND THREE PRIOR YEARS REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES -182,145. THIS IS THE DIRECT COST OF THE SOCIETY'S USAF CHARITY BALL FUNDRAISING EVENT HELD IN 2014. 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 2014 AUDIT REPORT. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 182,145. SEE NOTE FOR PART XI, LINE 4B ABOVE FOR MORE INFORMATION REGARDING THE CHARITY BALL EVENTS EXPENSE. 1 EUROPE 11 79 GRANTS EDUCATION GRANTS 214149 EAST ASIA AND THE PACIFIC 5 44 GRANTS EDUCATION GRANTS 131743 NORTH AMERICA 0 0 INVESTMENTS 670044 EUROPE 0 0 INVESTMENTS 1052875 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9869366 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 218421 EUROPE 0 0 PROGRAM SERVICES SEE PART V 220133 MIDDLE EAST 0 0 PROGRAM SERVICES PHONE CARDS 107614 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SEE PART V 83126 16 123 0 0 16 123 12484345 83126 12567471 EDUCATION GRANTS FOR COLLEGE EAST ASIA AND THE PACIFIC 67 131743 CHECK 0 EDUCATION GRANTS FOR COLLEGE EUROPE 112 214149 CHECK 0 EMERGENCY FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 39 27655 CHECK 0 EMERGENCY FINANCIAL ASSISTANCE EUROPE 102 54881 CHECK 0 CAR MAINTENANCE EAST ASIA AND THE PACIFIC 161 5743 OIL CHANGE COUPON COST CAR MAINTENANCE EUROPE 479 31773 OIL CHANGE COUPON COST AF BASE CHILDCARE SERVICES EAST ASIA AND THE PACIFIC 673 27953 CHILDCARE PROVIDED COST AF BASE CHILDCARE SERVICES EUROPE 1675 71677 CHILDCARE PROVIDED COST AF BASE EDUCATION PROGRAMS EAST ASIA AND THE PACIFIC 195 6234 CLASSES PROVIDED COST AF BASE EDUCATION PROGRAMS EUROPE 641 32342 CLASSES PROVIDED COST BUNDLES FOR BABIES EAST ASIA AND THE PACIFIC 210 10687 TOTE BAG OF BABY GEAR COST BUNDLES FOR BABIES EUROPE 463 24580 TOTE BAG OF BABY GEAR COST PHONE CARDS FOR DEPLOYED AIRMEN MIDDLE EAST 14734 107614 PREPAID PHONE CARDS COST 1 0 0 1 0 0 PART I, LINE 2: THE SOCIETY PROVIDES EDUCATIONAL GRANTS AND EMERGENCY FINANCIAL ASSISTANCE GRANTS TO AIR FORCE FAMILIES STATIONED AT BASES LOCATED OUTSIDE THE UNITED STATES. THESE PROGRAMS ARE ADMINISTERED BY AIR FORCE SUPPORT STAFF AT THESE OVERSEAS BASES. RECIPIENTS OF THE EDUCATION GRANTS MUST SUBMIT AN INVOICE OR FINANCIAL STATEMENT FROM THE SCHOOL TO VERIFY THEIR ATTENDANCE AT THE INSTITUTION. EDUCATION GRANTS ARE MADE DIRECTLY TO THE SCHOOL. EMERGENCY FINANCIAL ASSISTANCE SUPPORT IS ISSUED ON A CASE-BY-CASE BASIS BASED ON ADEQUATE DOCUMENTATION OF THE FINANCIAL NEED SUBMITTED BY THE AF MEMBER. ALL ASSISTANCE PROVIDED BY THE SOCIETY'S GRANT PROGRAMS IS TRACKED THROUGH THE SOCIETY'S DATABASE SYSTEM TO PROVIDE A HISTORICAL RECORD OF THE ASSISTANCE PROVIDED. PART I, LINE 3, COLUMN (E): EAST ASIA AND THE PACIFIC - IN ADDITION TO EDUCATION AND EMERGENCY FINANCIAL ASSISTANCE GRANTS, SEVERAL OF THE SOCIETY'S COMMUNITY/BASE PROGRAMS WERE ALSO AVAILABLE ON OVERSEAS AF BASES IN ASIA. THE PROGRAMS ACTIVE DURING 2014 AT OVERSEAS AF BASES IN ASIA INCLUDED CAR CARE, CHILDCARE, SPOUSE EMPLOYABILITY, AND BUNDLES FOR BABIES. EUROPE - IN ADDITION TO EDUCATION AND EMERGENCY FINANCIAL ASSISTANCE GRANTS, SEVERAL OF THE SOCIETY'S COMMUNITY/BASE PROGRAMS WERE ALSO AVAILABLE ON OVERSEAS AF BASES IN EUROPE. THE PROGRAMS ACTIVE DURING 2014 AT OVERSEAS AF BASES IN EUROPE INCLUDED CAR CARE, CHILDCARE, SPOUSE EMPLOYABILITY, AND BUNDLES FOR BABIES. CHARITY BALL 909161 736141 173020 0 0 6944 65682 509 204292 909161 736141 173020 6944 65682 509 204292 277427 -104407 1 EDUCATION GRANTS FOR COLLEGE 2640 5488067 EMERGENCY FINANCIAL ASSISTANCE 3275 1396527 AF BASE CHILDCARE SERVICES 14242 637507 COST CHILDCARE SERVICES PROVIDED AF BASE EDUCATION PROGRAMS 3516 215741 COST CLASSES PROVIDED ON BASE BUNDLES FOR BABIES SEMINAR 3227 176429 COST TOTE BAG OF BABY GEAR CAR MAINTENANCE PROGRAM ASSISTANCE 2275 83164 COST OIL CHANGE COUPON PHONE CARD PROGRAM 95 694 COST PREPAID PHONE CARDS PART I, LINE 2: THE SOCIETY PROVIDES EDUCATIONAL GRANTS AND EMERGENCY FINANCIAL ASSISTANCE GRANTS TO AIR FORCE FAMILIES STATIONED AT ALL AF BASES LOCATED WITHIN THE UNITED STATES. THESE PROGRAMS ARE ADMINISTERED BY AIR FORCE SUPPORT STAFF AT THE AF BASE. RECIPIENTS OF THE 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 SUPPORT IS ISSUED ON A CASE-BY-CASE BASIS BASED ON ADEQUATE DOCUMENTATION OF THE FINANCIAL NEED SUBMITTED BY THE AF MEMBER. ALL ASSISTANCE PROVIDED BY THE SOCIETY'S GRANT PROGRAMS ARE TRACKED THROUGH 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 192158 0 15000 0 5053 0 18644 0 36923 0 267778 0 0 0 COL SIDNEY R HEETLAND RET CHIEF FINANCIAL OFFICER 143260 0 10000 0 2724 0 13793 0 36869 0 206646 0 0 0 COL LINDA F EGENTOWICH RET CHIEF OPERATIONS OFFICER 141163 0 10000 0 3346 0 13605 0 33075 0 201189 0 0 0 MRS DEBORAH VOSBURG DIRECTOR OF COMMUNICATIONS 102761 0 3000 0 2890 0 9518 0 33510 0 151679 0 0 0 MR MICHAEL C PARNAROUSKIS JR CONTROLLER 104202 0 3500 0 980 0 9693 0 34792 0 153167 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. 0 X 2 5645 AVG HIGH/LOW PRICE X AUCTION ITEMS 273 95282 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 INVESTMENT CUSTODIAN IS THEN DIRECTED TO SELL THE DONATED SECURITIES. UPON THE SALE OF THE SECURITIES, THE FUNDS ARE MADE AVAILABLE FOR USE ON THE SOCIETY'S PROGRAMS. (2) AN AIR FORCE SPOUSES CLUB HELPS RUN THE SILENT AUCTION HELD IN CONJUNCTION WITH THE ANNUAL AIR FORCE CHARITY BALL. THE CLUB SOLICITS IN-KIND DONATIONS TO SELL AT THE EVENT AND FACILITATES THE SALE OF THE DONATED 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 AND MRS BETTY WELSH CMSAF JAMES A CODY AND CMSGT ATHENA CODY FORM 990, PART VI, SECTION B, LINE 11 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. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY REQUIRES ITS OFFICERS, STAFF MEMBERS, AND ALL MEMBERS OF THE 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 THE DETERMINATION OF EXECUTIVE COMPENSATION IS HANDLED 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 THROUGH ITS WEBSITE AT WWW.AFAS.ORG. BOARD OF TRUSTEE BY-LAWS, MEETING MINUTES, CONFLICT OF INTEREST POLICY, AND OTHER GOVERNANCE DOCUMENTS ARE AVAILABLE ONLY BY REQUEST THROUGH THE SOCIETY'S HEADQUARTERS OFFICE. 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. ARMED FORCES RELIEF TRUST C/O AER 200 STOVALL STREET 5S33 ALEXANDRIA VA 223320600 526468495 SUPPORT MILITARY ORGANIZATIONS VA 501 (C)(3) 509(A)(3) TYPE I N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0