2013-11-13T16:23:05-06:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2012-01-01 526043929 AIR FORCE ASSOCIATION AIRF 7032475800 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091198 CRAIG MCKINLEY 7032475800 2013-11-11 1 KAREN A GRIES P00078514 5712279500 2012 2016-03-07 17:11:31Z CRAIG MCKINLEY 1501 LEE HIGHWAY NO 400 ARLINGTON VA 222091198 17661593 0 5392 X WWW.AFA.ORG X 1956 VA PROMOTE AIR FORCE AIRPOWER AND EDUCATE THE PUBLIC. 19 19 81 19 1264833 0 2418411 2768035 8810796 8466538 905231 564995 61034 71396 12195472 11870964 314608 306786 0 0 5570629 5963533 58450 56950 456526 7703071 7342512 13646758 13669781 -1451286 -1798817 22853330 24694109 24119801 23362166 -1266471 1331943 X THE AIR FORCE ASSOCIATION (AFA) IS AN INDEPENDENT, NONPROFIT, CIVILIAN EDUCATION ORGANIZATION PROMOTING PUBLIC UNDERSTANDING OF AEROSPACE POWER AND THE PIVOTAL ROLE IT PLAYS IN THE SECURITY OF THE NATION. AFA PUBLISHES AIR FORCE MAGAZINE, CONDUCTS NATIONAL SYMPOSIA AND DISSEMINATES INFORMATION THROUGH OUTREACH PROGRAMS. IT SPONSORS PROFESSIONAL DEVELOPMENT SEMINARS AND RECOGNIZES EXCELLENCE IN THE EDUCATION AND AEROSPACE FIELDS THROUGH NATIONAL AWARDS PROGRAMS. AFA PRESENTS SCHOLARSHIPS AND GRANTS TO AIR FORCE ACTIVE DUTY, AIR NATIONAL GUARD AND AIR FORCE RESERVE MEMBERS AND THEIR DEPENDENTS; AND AWARDS EDUCATOR GRANTS TO PROMOTE SCIENCE AND MATH EDUCATION AT THE ELEMENTARY AND SECONDARY SCHOOL LEVEL. ADDITIONALLY, AFA PUBLISHES A WIDE RANGE OF MATERIALS ON WWW.AFA.ORG. 0 0 2336055 4198955 CONFERENCES & MEETINGS - AFA SPONSORS COMPREHENSIVE BRIEFINGS BY KEY AIR FORCE AND DOD LEADERS AT NATIONAL SYMPOSIA ACROSS THE COUNTRY. THESE SYMPOSIA ARE KEYED TO TOPICAL AEROSPACE AND DEFENSE ISSUES. THE SCHEDULE FOR 2012 INCLUDED THE CYBERFUTURES CONFERENCE AND TECHNOLOGY EXPOSITION IN NATIONAL HARBOR, MD (MARCH 2012), AIR & SPACE CONFERENCE AND TECHNOLOGY EXPOSITION IN NATIONAL HARBOR, MD (SEPTEMBER 2012); A NATIONAL SYMPOSIUM IN LOS ANGELES, CA (NOVEMBER 2012); AND THE AIR WARFARE SYMPOSIUM IN ORLANDO, FL (FEBRUARY 2012). THE ASSOCIATION SPONSORS THE ANNUAL AIR FORCE BALL IN LOS ANGELES, AND SEVERAL OTHER EVENTS, TO RAISE MONEY FOR ITS EDUCATIONAL PROGRAMS AND AIR FORCE CHARITIES. AFA ALSO SUPPORTS THE OUTSTANDING SQUADRON DINNER WHICH HONORS THE AIR FORCE ACADEMY'S TOP CADET SQUADRON. AT ITS NATIONAL CONVENTION, AFA HOSTS A DINNER FOR THE AIR FORCE'S TWELVE OUTSTANDING AIRMEN OF THE YEAR. AFA ALSO CONDUCTS AN EXTENSIVE ANNUAL AWARDS PROGRAM TO HONOR TOP AIR FORCE PROFESSIONALS IN KEY CAREER FIELDS. 3842232 1383030 AIR FORCE MAGAZINE - EACH MONTH, AFA PUBLISHES AIR FORCE MAGAZINE, A HIGHLY REGARDED AEROSPACE JOURNAL THAT REACHES THE DESKS OF THOSE IN THE HIGHEST LEVEL OF GOVERNMENT, INDUSTRY, DEFENSE, BUSINESS, ACADEMIA, AND THE MEDIA. IT IS READ FOR ITS AUTHENTICITY, ACCURACY AND INVESTIGATIVE SPIRIT IN REPORTING AEROSPACE AND DEFENSE MATTERS. THE CURRENT MONTHLY CIRCULATION IS 102,000. AFA PUBLISHES SEVERAL WIDELY DISTRIBUTED NEWSLETTERS: "NEWSLINE", WHICH CONSOLIDATES THE ADMINISTRATIVE AND OPERATIONAL NEWS FROM AFA HEADQUARTERS TO AFA FIELD LEADERS; AND THE "VISIONS" NEWSLETTER, WHICH HIGHLIGHTS SUBJECTS AND EVENTS THAT ARE OF INTEREST TO AEROSPACE-ORIENTED CLASSROOMS. THE ASSOCIATION ALSO PUBLISHES ITS ANNUAL STATEMENT OF POLICY AND TOP ISSUES AND, PERIODICALLY, ISSUES BRIEFS AND SPECIAL REPORTS THAT ARE WIDELY DISTRIBUTED ON CAPITOL HILL, TO THE MEDIA, AND THROUGHOUT AFA'S GRASSROOTS NETWORK. 2551856 2651742 MEMBERSHIP - AFA IS A PROFESSIONAL ORGANIZATION THAT REPRESENTS THE ENTIRE AIR FORCE FAMILY - ENLISTED, OFFICER, ACTIVE DUTY AND RETIRED, GUARD, RESERVE AND CIVILIAN. OUR MISSION IS TO EDUCATE THE PUBLIC ON THE IMPORTANCE OF AEROSPACE POWER, ADVOCATE FOR A STRONG NATIONAL DEFENSE, AND TAKE CARE OF OUR OWN. THE GENERAL BILLY MITCHELL INSTITUTE PROMOTES AIR POWER INITIATIVES THROUGH SPECIAL MEDIA PRESENTATIONS AND ADVOCACY EFFORTS. OUR "NEXT GENERATION" INITIATIVE RECOGNIZES THOSE WHO TEACH AMERICA'S YOUTH AND REACH MORE THAN 250,000 ELEMENTARY AND MIDDLE SCHOOL STUDENTS WITH MATH AND SCIENCE ACTIVITIES. WE ALSO PROVIDE GRANTS TO FURTHER AEROSPACE EDUCATION AND OFFER PROFESSIONAL DEVELOPMENT PROGRAMS. THROUGH OUR OUTREACH PROGRAMS AFA RECOGNIZES EXCELLENCE WITH A VARIETY OF NATIONAL AEROSPACE AWARDS AND IS RESPONSIBLE FOR THE CREATION OF THE AIR FORCE OUTSTANDING AIRMEN PROGRAM. 672944 FIELD SERVICE - AFA IS LED BY VOLUNTEER LEADERS AT THE NATIONAL, STATE AND LOCAL LEVELS. AFA'S STATE ORGANIZATIONS AND MORE THAN 230 CHAPTERS HOLD ELECTIONS AND CONDUCT PROGRAMS TO INCREASE PUBLIC UNDERSTANDING OF KEY NATIONAL SECURITY ISSUES IN THEIR COMMUNITIES. PROGRAMS RANGE FROM LUNCHEON AND DINNER ACTIVITES TO SYMPOSIA AND LEGISLATIVE ROUNDTABLES WITH CONGRESSIONAL LEADERS. 660554 306786 SCHOLARSHIPS, GRANTS, AWARDS, AND PUBLIC AWARENESS - AFA IS DEDICATED TO ENSURING AMERICA'S AEROSPACE EXCELLENCE THROUGH EDUCATION, SCHOLARSHIPS, GRANTS, AWARDS AND PUBLIC AWARENESS PROGRAMS. IN ADDITION, AFA SPONSORS A SERIES OF STUDIES AND FORUMS ON AEROSPACE AND NATIONAL SECURITY THROUGH ITS PUBLIC POLICY AND RESEARCH ARM, THE MITCHELL INSTITUTE. THE INSTITUTE WAS ESTABLISHED IN 1996 TO FOCUS AND EXPAND UPON EXISTING EDUCATIONAL EFFORTS IN AEROSPACE AND NATIONAL SECURITY POLICY. AFA WORKS THROUGH A NETWORK OF THOUSANDS OF INDIVIDUAL MEMBERS AND VOLUNTEERS TO DISTRIBUTE EDUCATIONAL MATERIALS TO SCHOOLS AND CONCERNED CITIZENS. THIS IS DONE IN PART THROUGH "VISIONS OF EXPLORATION," A JOINT MULTI-DISCIPLINARY SCIENCE, MATH AND SOCIAL STUDIES PROGRAM WITH USA TODAY. 1360299 2178693 CYBERPATRIOT & CYBERFUTURES - CYBERPATRIOT IS THE NATIONAL HIGH SCHOOL CYBER DEFENSE COMPETITION CREATED BY THE AIR FORCE ASSOCIATION (AFA) TO EXCITE, EDUCATE, AND MOTIVATE THE NEXT GENERATION OF CYBER DEFENDERS AND OTHER SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) GRADUATES OUR NATION NEEDS 2693797 306786 2178693 11423940 1 1 0 0 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 1 0 0 0 0 1 0 1 0 1 70 0 1 81 1 1 1 0 0 0 0 1 1 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 AK AZ AR CA CT FL HI IL KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA SC TN UT VA WA WV WI AL CO GA IA NM RI X X THE ORGANIZATION 7032475825 1501 LEE HIGHWAY ARLINGTON VA 22209 JERRY E WHITE 15.00 2.00 X X 0 0 0 S SANFORD SCHLITT 20.00 2.00 X X 0 0 0 JUSTIN FAIFERLICK 15.00 2.00 X X 0 0 0 SCOTT P VAN CLEEF 15.00 2.00 X X 0 0 0 GEORGE K MUELLNER 15.00 2.00 X X 0 0 0 EDWARD W GARLAND 5.00 2.00 X X 0 0 0 LEN VERNAMONTI 10.00 2.00 X X 0 0 0 BERNICE BELCER 1.00 2.00 X 0 0 0 JOHN T BROCK 1.00 2.00 X 0 0 0 ROBERT W DREWES 1.00 2.00 X 0 0 0 ANGELA DUPONT 1.00 2.00 X 0 0 0 WILLIAM GRIDER 1.00 2.00 X 0 0 0 RICK HARTLE 1.00 2.00 X 0 0 0 WAYNE R KAUFFMAN 1.00 2.00 X 0 0 0 LARRY LAWSON 1.00 2.00 X 0 0 0 WILLIAM R LOONEY III 1.00 2.00 X 0 0 0 ROD MCKINLEY 1.00 2.00 X 0 0 0 DON MICHELS 1.00 2.00 X 0 0 0 LINDA MILLS 1.00 2.00 X 0 0 0 F WHITTEN PETERS 1.00 2.00 X 0 0 0 GILBERT PETRINA 1.00 2.00 X 0 0 0 JOHN F PHILLIPS 1.00 2.00 X 0 0 0 NORA RUEBROOK 1.00 2.00 X 0 0 0 NORTON SCHWARTZ 1.00 2.00 X 0 0 0 DONALD TAYLOR 1.00 2.00 X 0 0 0 MARVIN TOOMAN 1.00 2.00 X 0 0 0 STEPHEN G WOOD 1.00 2.00 X 0 0 0 JOHN D CORLEY 1.00 2.00 X 0 0 0 CRAIG R MCKINLEY 40.00 10.00 X 58932 19644 395 MICHAEL M DUNN 40.00 10.00 X 163612 54538 2063 MICHAEL A SMITH 40.00 10.00 X 101022 33674 11845 DAVID BUCKWALTER 40.00 10.00 X 99502 33167 907 LAUREN BRICE 28.00 12.00 X 84117 36050 4582 MARY ELLEN DOBROWOLSKI 40.00 0.00 X 116910 0 9920 KATHY SNODGRASS 20.00 20.00 X 61586 61586 9966 685681 238659 39678 11 0 1 0 RR DONNELLEY PO BOX 730216 DALLAS TX 75373 PRINT DISTRIBUTION 780380 RHA MARKETING LLC 114 WEST THIRD STREET WAYNESBORO PA 17268 PRINTING & MAILING 214274 XEDO LTD 21142 KIRKSEY ROAD ELKINS AR 72727 CONSULTANT 209700 GPI STARKE LAKE STUDIOS 275 NORTH LAKESHORE DRIVE OCOEE FL 34761 AUDIO VISUAL PRODUCTION 198793 ASAP FAST 22780 INDIAN CREEK DR SUITE 160 DULLES VA 20166 MAILING 109722 7 139999 2628036 55990 2768035 AIR & SPACE CONFERENCE 900099 3542032 868742 2673290 MEMBERSHIP DUES 900099 2297596 2297596 MAGAZINE ADVERTISING 541800 1223433 1223433 SYMPOSIUMS 900099 656923 656923 CORPORATE MEMBERS 900099 381782 381782 364772 323372 41400 8466538 404256 404256 42905 42905 5951368 5790629 160739 160739 160739 MISCELLANEOUS 900099 28491 28491 28491 11870964 3871492 1264833 3966604 57179 57179 249607 249607 224388 179509 33659 11220 4332681 3490224 648352 194105 834234 677120 120571 36543 227033 173813 44366 8854 345197 279720 49973 15504 24938 24938 38945 4542 34403 56950 56950 144485 107280 37205 846430 646649 105255 94526 162967 152753 10114 100 1770885 1355766 142570 272549 310129 310129 2191 2191 9872 9585 287 570309 555272 14309 728 1612201 1612201 321 321 133614 133614 78562 78562 MAGAZINE PRODUCTION & P 1290211 1290211 CHAPTER & STATE COMMISS 326236 326236 VISIONS PROGRAM MATERIA 102460 102460 -82244 -158507 311103 -234840 13669781 11423940 1789315 456526 X 361813 224397 90246 47170 3846230 2396036 118230 89112 397845 603306 503 194868 240282 1856640 1421351 562902 435289 17282053 19570830 450699 1359254 22853330 24694109 1980594 2029859 2609174 2619223 19530033 18713084 24119801 23362166 X -2799877 -337237 585109 690470 948297 978710 -1266471 1331943 22853330 24694109 X -1798817 966552 747904 2682775 X X 0 1 X 1 0 X 2168087 1528160 2786076 2418411 2736463 11637197 2168087 1528160 2786076 2418411 2736463 11637197 2350507 9286690 608627 523984 487648 448843 447161 2516263 70450 74915 69682 106808 28491 350346 14503806 19861824 0.64030 0.65640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 702361 5889 98614 21729 785135 717201 4425 2334 21599 702361 617610 16500 104993 7000 14902 717201 721217 7890 -98307 7000 33190 617610 746305 116400 -111766 12000 17722 721217 0.78660 0.21340 0 0 852469 772270 80199 1004171 649081 355090 435289 ACCRUED INTEREST RECEIVABLE 53531 CASH SURRENDER VALUE OF INSURANCE POLICY 361096 DUE FROM AIR FORCE MEMORIAL FOUNDATION 75938 DUE FROM AFA VBA 868689 1359254 PENSION LIABILITY 6204070 DUE TO AFFILIATED ORGANIZATIONS 12479875 CAPITAL LEASE OBLIGATION 29139 18713084 X DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS WILL BE USED FOR SCHOLARSHIPS AND AWARDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: AFA IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IT HAS BEEN DETERMINED THAT AFA IS NOT A PRIVATE FOUNDATION AS IT MEETS THE REQUIREMENTS OF BEING PUBLICLY SUPPORTED UNDER IRC SECTION 509(A)(2). AFAVBA IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(19) OF THE INTERNAL REVENUE CODE. AFMF IS A NOT-FOR-PROFIT ORGANIZATION INCORPORATED IN THE DISTRICT OF COLUMBIA AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). IT HAS BEEN DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION AS DEFINED AS SECTION 509(A)(1) OF THE IRC. ALL ENTITIES ARE SUBJECT TO INCOME TAXES FROM UNRELATED BUSINESS INCOME. AFA AND AFFILIATES EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THEIR POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. THE AFA AND AFFILIATES' TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2009 TO 2011 ARE OPEN TO EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. X X X 1 ALLEGIANCE CREATIVE GROUP 11250 WAPLES MILL ROAD SUITE 310 FAIRFAX VA 22030 FUNDRAISING CONSULTANT 0 1037152 54000 983152 VIRTUALGIVINGCOM 1288 VALLEY FORGE RD BLDG 82 PHOENIXVILLE PA 19460 FUNDRAISING CONSULTANT 0 1000 2950 -1950 1038152 56950 981202 CA WA WI UT VA AL AK AZ AR CO CT FL HI IA IL KS KY LA ME MA MD MI MN MS NH NJ NC ND OH OK OR SC TN MO PA WV GA NM NY RI 1 HQ CIVIL AIR PATROL 105 SOUTH HANSELL ST BLDG 714 MAXWELL AFB AL 36112 756037853 501(C)(3) 22500 PROVIDES GRANTS TO CIVIL AIR PATROL UNITS TO ENHANCE AEROSPACE EDUCATION ARNOLD AIR SOCIETY 9 E LOCKERMAN ST STE 2B DOVER DE 19901 530231491 501(C)(4) 11000 FINANCIAL SUPPORT FOR AAS CONCLAVE (ANNUAL MEETING) 1 1 SCHOLARSHIPS 2 30000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL REQUESTS ARE REVIEWED BY COMMITTEES. MOST COMMITTEES ARE OUTSIDE THE AIR FORCE ASSOCIATION. 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 0 0 0 0 0 0 0 0 MICHAEL M DUNN 117671 39224 25493 8498 20448 6816 225 75 1322 441 165159 55054 0 0 X 1 54519 APPRAISAL 0 0 0 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 11 A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING AND REVIEWED THOROUGHLY BY THE ORGANIZATION'S SENIOR VICE PRESIDENT AND TREASURER. 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. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT ONLY - THE COMPENSATION OF THE PRESIDENT IS SET BY THE EXECUTIVE COMMITTEE ON BEHALF OF THE BOARD OF DIRECTORS AND IS REVIEWED ANNUALLY. THE LAST REVIEW OCCURED IN 2012. THE BOARD HAS ESTABLISHED A POLICY TO PROVIDE FOR ANNUAL REVIEW OF THE PRESIDENT'S PERFORMANCE AND COMPENSATION. THE POLICY PROVIDES FOR A PRESIDENT EVALUATION AND COMPENSATION COMMITTEE (PECC) BY THE TREASURER OF THE ASSOCIATION THAT INCLUDES THE TWO VICE CHAIRMEN, THE NATIONAL SECRETARY, AND UP TO THREE MEMBERS OF THE BOARD TO BE NOMINATED BY THE CHAIRMAN OF THE BOARD AND APPROVED BY THE BOARD. THE CHAIRMAN WILL SERVE EX-OFFICIO ON THE PECC WITHOUT VOTE. THE PECC REPORTS ANNUALLY TO THE EXECUTIVE COMMITTEE, WHO IN TURN, RECOMMENDS COMPENSATION ADJUSTMENTS TO THE BOARD FOR APPROVAL. BROAD CRITERIA ARE PROVIDED TO THE PECC AS ARE SUGGESTED EXTERNAL REFERENCES, AND THE PECC MAY USE THE SERVICES OF AN OUTSIDE CONSULTANT. THE OTHER OFFICERS AND KEY EMPLOYEES ARE EVALUATED ANNUALLY BY THE PRESIDENT. ACTUAL EMPLOYEE COMPENSATION IS COMPARED TO SALARY SURVEY INFORMATION PROVIDED BY INDEPENDENT SOURCES. THE LAST REVIEW DID OCCUR IN 2013. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY 3,430,679. IN-KIND EXPENSE -747,904. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE METHOD SINCE THE PRIOR YEAR. AFA VETERAN BENEFITS ASSOCIATION 1501 LEE HIGHWAY ARLINGTON VA 22209 530177555 TO PROVIDE VETERAN BENEFITS VA 501(C)(19) AIR FORCE ASSOCIATION 1 AIR FORCE MEMORIAL FOUNDATION 1501 LEE HIGHWAY ARLINGTON VA 22209 541629975 STEWARDSHIP OF MEMORIAL VA 501(C)(3) 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 606157 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION O 210455 BOOK VALUE AFA VETERAN BENEFITS ASSOCIATION Q 193515 BOOK VALUE AIR FORCE MEMORIAL FOUNDATION Q 114055 BOOK VALUE