AAFA EDUCATION FOUNDATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
AAFA EDUCATION FOUNDATION (EIN 23-7005563)
Tax period
2011-06-01 to 2012-05-31
Filed
2013-02-27
IRS object ID
201330589349300118
Schema version
2011v1.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-02-27T13:28:05-06:00Timestamp
Tax Period End Date2012-05-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN260794367EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1UHY ADVISORS MID-ATLANTIC MD INCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line18601 ROBERT FULTON DRIVE SUITE 210AddressLine1
CityCOLUMBIACity
StateMDState
ZIP Code21046ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-06-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN237005563EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1AAFA EDUCATION FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlAAFANameControl
Phone7037979032Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11601 NORTH KENT STREET NO 1200AddressLine1
CityARLINGTONCity
StateVAState
ZIP Code22209ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJOHN JOHNSONName
TitlePRESIDENTTitle
Phone7037979032Phone
Date Signed2013-02-27DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJAMES S PEACOCKName
PTINP00043005PTIN
Phone4107205220Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonJOHN JOHNSONNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11601 NORTH KENT STREETAddressLine1
CityROSSLYNCity
StateVAState
ZIP Code22209ZIPCode
FieldValueIRS element (for citing)
Gross Receipts317961GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1968YearFormation
State Legal DomicileVAStateLegalDomicile
Activity Or Mission DescriptionTO PROVIDE EDUCATIONAL GRANTS AND SCHOLARSHIPS TO COLLEGES AND UNIVERSITIESActivityOrMissionDescription
Nbr Voting Members Governing Body10NbrVotingMembersGoverningBody
Nbr Independent Voting Members10NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers10TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year33050ContributionsGrantsPriorYear
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year35280InvestmentIncomePriorYear
Investment Income Current Year39052InvestmentIncomeCurrentYear
Other Revenue Prior Year16OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year68346TotalRevenuePriorYear
Total Revenue Current Year39052TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year149700GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY40385GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year39865OtherExpensePriorYear
Other Expenses Current Year12717OtherExpensesCurrentYear
Total Expenses Prior Year189565TotalExpensesPriorYear
Total Expenses Current Year53102TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-121219RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-14050RevenuesLessExpensesCY
Total Assets BOY766385TotalAssetsBOY
Total Assets EOY772479TotalAssetsEOY
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY766385NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY772479NetAssetsOrFundBalancesEOY
Mission DescriptionTO PROVIDE EDUCATIONAL GRANTS AND SCHOLARSHIPS TO COLLEGES AND UNIVERSITIES.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense41549Expense
Grants40385Grants
DescriptionSINCE 1968 AAFA EDUCATION FOUNDATION HAS PROVIDED ENDORSED SCHOOLS AND UNIVERSITIES SCHOLARSHIPS TO AWARD THE SHARPEST, BRIGHTEST AND MOST CREATIVE STUDENTS IN THE ACADEMIC WORLD TO ACHIEVE NEW HEIGHTS IN THE FASHION INDUSTRY. ALSO THE FOUNDATION PROVIDES TRAVEL STIPENDS TO SCHOOLS AND UNIVERSITIES TO SUPPORT INVOLVEMENT WITH THE FOUNDATION.Description
Total Program Service Expense41549TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip0ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt0IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members10NbrVotingGoverningBodyMembers
Number Independent Voting Members10NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees0MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy0ConflictOfInterestPolicy
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledVAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1SUZANNE SHOMERSBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number7037979043TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11601 NORTH KENT STREETAddressLine1
CityARLINGTONCity
StateVAState
ZIP Code22209ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (10 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
JOHN JOHNSON
PRESIDENT1.00XX000
SUSAN BLACK
VICE PRESIDENT1.00XX000
MAUREEN STORCH
SECRETARY1.00XX000
KEVIN BURKE
DIRECTOR1.00X000
MICHAEL T FRALIX PHD
DIRECTOR1.00X000
STEVE JESSEPH
DIRECTOR1.00X000
AARON LEDET
DIRECTOR1.00X000
SAM SIMPSON
DIRECTOR1.00X000
MELISSA WALLACE
DIRECTOR1.00X000
WILLIAM K WOLTZ JR
DIRECTOR1.00X000
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column22301TotalRevenueColumn
Exclusion$22,301ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities295660Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities278909Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities16751Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column16751TotalRevenueColumn
Exclusion$16,751ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column39052TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$39,052ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total40385Total
Program Services40385ProgramServices

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total3587Total
Management And General3587ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total2075Total
Management And General2075ManagementAndGeneral

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionTotalTotalManagement And GeneralManagementAndGeneralProgram ServicesProgramServices
DUES52005200
TROPHIES11641164
MISC691691

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total53102Total
Program Services41549ProgramServices
Management And General11553ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY5520BOY
EOY5215EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY760865BOY
EOY454425EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
EOY312839EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY766385BOY
EOY772479EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY761580BOY
EOY772479EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY4805BOY
EOY0EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY766385BOY
EOY772479EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY766385BOY
EOY772479EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-14050ReconcilationRevenueExpenses
Reconcilation Other Changes20144ReconcilationOtherChanges
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited0FSAudited
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3XSupportingOrganization509a3
Supporting Org509a3 Type3 OtherXSupportingOrg509a3Type3Other
Certification CheckboxXCertificationCheckbox
Contrib By Controlling Individual0ContribByControllingIndividual
Contribution By Related Party0ContributionByRelatedParty
Contrib By35 Controlled Entity0ContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation (5 entries)

EINEINType Of OrganizationTypeOfOrganizationListed In Governing DocListedInGoverningDocSupported Organization NotifiedSupportedOrganizationNotifiedOrganized In USOrganizedInUSAmountAmount
IOWA STATE UNIVERSITY
4270006642011$2,200
FASHION INSTUTE OF TECHNOLOGY FOUNDATION
135675757501(C)(3)011$7,200
CALIFORNIA POLYTECHNIC UNIVERSITY FOUNDATION
204927897501(C)(3)011$6,100
PHILADELPHIA UNIVERSITY
2313522942011$6,155
AUBURN UNIVERSITY
6360007242011$1,567
FieldValueIRS element (for citing)
Total Number Of Supported Orgs5TotalNumberOfSupportedOrgs
Sum Of Amounts23222SumOfAmounts

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Board Designated EOY Balance1.00000BoardDesignatedEOYBalance
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings

Other Securities OtherSecurities (3 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
BERNSTEIN INTERNATIONAL PORTFOLIO72308F
ALLIANCE BERNSTEIN BOND FUND43069F
OVERLAY PORTFOLIO197462F
FieldValueIRS element (for citing)
Total Of Book Value Securities312839TotalOfBookValueSecurities

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained0RecordsMaintained

Recipient Table RecipientTable (3 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrant
FASHION INSTITUTE OF TECHNOLOGY FOUNDATION
227 W 27TH STNEW YORKNY10001135675757501(C)(3)7200EDUCATIONAL GRANT
CALIFORNIA POLYTECHNIC UNIVERSITY FOUNDATION
204927897501(C)(3)6100EDUCATIONAL GRANT
PHILADELPHIA UNIVERSITY
232352294501(C)(3)6155EDUCATIONAL GRANT
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants3TotalNbrOf501C3AndGovtGrants

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 8BTHERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11THE 990 IS REVIEWED BY OFFICERS PRIOR TO FILING.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 5:NET UNREALIZED LOSSES ON INVESTMENTS: -107,995. CORRECTION OF BEGINNING NET ASSETS 128,139. TOTAL TO FORM 990, PART XI, LINE 5: 20,144.CHANGES IN NET ASSETS OR FUND BALANCES:

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