2025-05-13T13:00:13-05:00 2024-12-31 STOCKMAN KAST RYAN CO LLP 102 N CASCADE AVENUE SUITE 400 COLORADO SPRINGS CO 80903 990 2024-01-01 840580665 Association of Graduates of the United States Air Force Academy % KATIE WILLEMARCK ASSO 7194720300 3116 Academy Drive USAF Academy CO 808404475 katie willemarck CFO 7194720300 2025-05-15 true true DOREEN B MERZ P00841439 7196301186 2025-05-15 2024 2025-03-06 01:10:19Z Katie Willemarck 3116 Academy Drive USAF Academy CO 808404475 35326890 false X www.usafa.org X 1968 CO Together, we serve graduates, preserve the heritage of the Academy & Long Blue Line, and support USAFA to develop leaders of character for Air Force, Space Force, and nation. 16 16 101 42 191453 0 2753197 5392260 904349 835329 4526904 5547512 955124 687217 9139574 12462318 1484586 11315503 0 0 3531936 3163007 0 0 19065 3448543 2957686 8465065 17436196 674509 -4973878 119583435 118472760 3867097 5181532 115716338 113291228 X TO BE AN ASSOCIATION AND FOUNDATION OF INFLUENCE AND IMPACT, SUPPORTING THE ACADEMY'S ENDURING MISSION OF DEVELOPING LEADERS OF CHARACTER FOR THE NATION, AND PROVIDING A LIFETIME OF SERVICE TO THE LONG BLUE LINE. (CONT'D. ON SCH. O) false false 12382771 11313410 ACADEMY AND OTHER SERVICES - FUNDS UTILIZED FOR PROJECTS THAT DIRECTLY SUPPORT THE ACADEMY, CADET WING OR ALUMNI. 632584 1631 1202913 MEMBER SERVICES - FUNDS UTILIZED TO MAINTAIN INFORMATION ON GRADUATES AND TO PROVIDE NETWORKING OPPORTUNITIES AMONG GRADUATES AND SUPPORTERS. 990691 COST OF PUBLICATIONS - FUNDS UTILIZED FOR PUBLICATION AND DISTRIBUTION OF THE ALUMNI MAGAZINE CHECKPOINTS, THE REGISTER OF GRADUATES AND VARiOUS OTHER ALUMNI AND ACADEMY RELATED PUBLICATIONS. LINE 4D, PROGRAM SERVICE ------------------------ Special Events & Chapter Support - Funds utilized for events open to graduates at the Academy and at the local chapter level such as Founders Day celebrations and the Distinguished Graduates and Award Dinner. LINE 4E, PROGRAM SERVICE ------------------------ Reunions - Funds utilized to provide events and activities for U.S. Air Force Academy class reunions. 739679 462 Special Events and chapter support 362228 Homecoming and Reunions 63871 Career Opportunities 499 Special Functions 1166277 462 15172323 true true false false false false false false true true true true false false false true true false false false false false false false false false false true true true false false false false false false false false false false false false false false false false false true 29 0 101 true true true false false false false false false false false false false false X 16 16 true false false false true true true true true false true true true true true true true true true true false CO SC X X KATIE WILLEMARCK 7194720300 3116 ACADEMY DRIVE USAF Academy CO 808404475 X Mark Hille PresidentTo 124 CEO From (1/24) 20.0 0.0 X 167373 0 23102 Katie Willemarck CFO 20.0 0.0 X 126765 0 15554 Naviere Walkewicz Sr. VP of Alumni Relations 40.0 0.0 X 128882 0 9338 Brian Bishop Chair 5.0 0.0 X X 0 0 0 Virginia Caine Tonneson Secretary 5.0 0.0 X X 0 0 0 Glenn Strebe Treasurer 5.0 0.0 X X 0 0 0 Hans Mueh Director 5.0 0.0 X 0 0 0 Garry Dudley Director 5.0 0.0 X 0 0 0 Robert Lowe director 5.0 0.0 X 0 0 0 Emma Przybyslawski Director 5.0 0.0 X 0 0 0 Joseph Bledsoe Director 5.0 0.0 X 0 0 0 Randy Helms Director 5.0 0.0 X 0 0 0 Catherine Almand Vice Chair 5.0 0.0 X X 0 0 0 Hank Hoffman Director 5.0 0.0 X 0 0 0 Lee Krauth Director 5.0 0.0 X 0 0 0 Christian Evans Director 5.0 0.0 X 0 0 0 Nathan Dial Director 5.0 0.0 X 0 0 0 Jennifer Walters Director 5.0 0.0 X 0 0 0 William Carpenter Director 5.0 0.0 X 0 0 0 423020 0 47994 3 false true false Skidmore Owings Merrill LLP 7 World Trade Center 250 Greenwich NEW YORK NY 10007 Building Design 465178 Revel XP 2111 Marvyn Pkwy OPELIKA AL 36804 Tailgate Set Up 150590 Royle Printing 745 South Bird St SUN PRAIRIE WI 53590 Magazine Printing 187885 3 982844 4409416 4324 5392260 PUBLIC ADVERTISING 511190 192953 1500 191453 HOMECOMING AND REUNIONS 813410 430999 430999 SACC CONFERENCE 813410 153486 153486 NON-CLASS RELATED SOCIAL EVENTS 813410 57891 57891 835329 1789272 1789272 0 128180 128180 13510 0 13510 13510 13510 26254478 22496238 3758240 3758240 3758240 0 0 0 0 0 0 754656 368334 386322 386322 ADMIN. FEES & SERVICE CHARGES 900099 159205 159205 159205 12462318 1202913 191453 5675692 11232488 11232488 83015 83015 0 0 332793 313746 19047 0 2280072 1204491 1075581 107362 75348 32014 251631 165706 85925 191149 108970 82179 0 14711 14711 113527 113527 0 0 12182 12182 295426 173559 121867 87486 68014 19472 839497 773900 65579 18 0 0 301781 229633 72148 98162 71160 27002 0 525194 470453 54741 0 0 585893 515586 70307 83827 83827 17436196 15172323 2244808 19065 167971 2149327 0 0 0 0 156004 770800 0 0 0 0 0 0 390310 394822 269994 235866 14354106 11466080 3404546 2888026 57892987 52601492 57301623 59432427 0 0 0 0 0 0 119583435 118472760 436508 979528 0 0 2099842 2776659 0 0 1330747 1425345 0 0 0 0 0 0 0 0 3867097 5181532 X 37835426 40029500 77880912 73261728 115716338 113291228 119583435 118472760 X -4973878 419589 -1625 2130804 X X false true X true false X 1626821 9642723 5445346 5368997 5392260 27476147 572813 1790600 1860893 2125598 1571247 7921151 0 0 0 2199634 11433323 7306239 7494595 6963507 35397298 2743400 2621094 2871000 8235494 375867 375867 2743400 2621094 3246867 8611361 26785937 495124 876021 924344 1431898 1917452 5644839 0 495124 876021 924344 1431898 1917452 5644839 0 0 800000 800000 2694758 13109344 8230583 8926493 8880959 41842137 0.64017 0.72190 0.13491 0.12450 X schedule a, part iii, column (a)2020 - column (d) 2023 During the 2024 reporting year further analysis of the beneficial interest in trust held by the Association of Graduates determined a restatement of Sch A Part III lines 1, 7a and 10a. It was determined that the trust distributions were reportable as grants from a private foundation instead of investment income and lines 1 and 10a have been restated as applicable. It was also determined that the trust is a disqualified person for purposes of line 7a. Line 7a has been restated as appropriate for column (c) 2022 and (d) 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 11497383 38423 1121415 202378 12454843 9996938 17039 1726695 243289 11497383 12955272 2925 -2604631 356628 9996938 11793224 101150 1407585 346687 12955272 10380223 70366 1591200 248565 11793224 0.44440 0.37890 0.17670 true false 10889662 8707369 2182293 2860961 2400748 460213 603483 357963 245520 2888026 BENEFICIAL INTEREST IN TRUST 59432427 F 59432427 0 0 X 15000529 419589 2130804 2550393 12450136 12182 12182 12462318 17424014 17424014 12182 12182 17436196 SCHEDULE D, PART iV, LINE 2b The Association holds and invests monies in certain graduate classes of the Academy for those classes' activities at future dates and for other organizations. These funds are classified as agency deposits and are recorded at fair value. SCHEDULE D, PART V, LINE 4 THE TEMPORARY RESTRICTED ENDOWMENT EARNINGS OF THE ASSOCIATION OF GRADUATES' ENDOWMENT FUNDS ARE USED TO FUND SPECIFIC PROGRAMS AND PROJECTS OF THE UNITED STATES AIR FORCE ACADEMY, AS SPECIFIED BY THE ORIGINAL DONORS OF THOSE FUNDS, AS WELL AS TO MAINTAIN DOOLITTLE HALL, WHICH IS THE HEADQUARTERS AND OPERATING LOCATION OF THE ORGANIZATION. SCHEDULE D, PART X, LINE 2 The Association is exempt from federal income taxes under the provisions of 501(c)(3) of the Internal Revenue Code. In addition, the Association qualifies for the charitable contribution deduction. The Association believes that it does not have any uncertain tax positions that are material to the financial statements. SCHEDULE D, PART XI, LINE 2D other adjustment: CHANGE IN FAIR VALUE - TRUST INTEREST $2,130,804 true Air Force Institute of Technology 8899 E 56th Street Indianapolis IN 46249 311190492 501(c)(3) 21661 Endowed scholarships for graduating Air Force Academy cadets. Falcon Foundation 3116 Academy Drive USAF Academy CO 80840 756016930 501(c)(3) 31411 GENERAL ASSISTANCE TO SUPPORT FOUNDATION PROGRAMS United States Air Force Academy 2304 Cadet Drive Ste 3300 USAFA CO 80840 260537053 U.S. Air Force 111952 634192 FMV Building Design To provide support Air Force Academy Foundation 3116 Academy Drive USAFA CO 80840 260537053 501(c)(3) 10371037 Support Foundation Projects 4 0 Scholarships to Georgetown University 4 58348 1667 FMV PAID TEXTBOOKS Scholarships 20 10000 Gerhart Scholar 1 13000 SCHEDULE I, PART I, LINE 2 THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY MAINTAINING REGULAR CONTACT WITH THE STAFF OF RECIPIENT ORGANIZATIONS AND PERIODICALLY REVIEWING RECIPIENT ORGANIZATIONS' ACTIVITIES AND ATTENDING JOINT FUNCTIONS. SCHOLARSHIPS FUNDS ARE PAID DIRECTLY TO THE SCHOLARSHIP RECIPIENT'S EDUCATIONAL INSTITUTION. Schedule I, Part III, Column (b), Lines 1-3 The number of recipients is based on the number of scholarship recipients. X false true X X X X false false false false false false false true false Mark Hille PresidentTo 124 CEO From (1/24) 147590 19783 9083 14019 190475 Schedule J, Part i, line 7 BONUSES WERE PAID TO QUALIFYING EMPLOYEES, SUBJECT TO APPROVAL By COMPENSATION AND EXECUTIVE COMMITTEES. schedule j, part 2, line 1 & 2 SEE SCHEDULE O DISCLOSURE REFERENCING FORM 990, PART VII, COLUMN (D), COLUMN (F) FOR AN EXPLANATION OF MR. HILLE'S COMPENSATION, as related TO THE COOPERATIVE OPERATING AGREEMENT WITH THE AIR FORCE ACADEMY FOUNDATION AND THE AIR FORCE ACADEMY REAL ESTATE TRUST. Form 990, Part III, Line 1 continued Strategic Priorities of: (1) Engagement - Cultivate lifelong relationships and provide valued service to the Academy and our graduates. (2) Philanthropy - Enhance financial strength and stability to advance the Academy and sustain our mission. (3) Stewardship - Responsibly seek and manage gifted time, talent, treasure and relationships. (4) Communication - Tell the story of our Academy, our graduates and our mission with our words and actions. (5) Organizational Excellence - Align our values, our culture and our commitment as a team to drive overall effectiveness of our mission. Form 990, Part VI, Section A, Line 2 mark hille, ceo of the filing organization, ALSO SERVES AS CEO OF THE non-profit organizations: AIR FORCE ACADEMY FOUNDATION (AFAF) and the AIR FORCE ACADEMY FOUNDATION real estate trust (AFAF R/E) . BASED ON THE IRS DEFINITION OF A BUSINESS RELATIONSIP, Mark hille HAS A BUSINESS RELATIONSHIP WITH THE FOLLOWING officer-employee and highly compensated employee, DUE TO THE employees' EMPLOYMENT BY afaf: katie willemarck, cfo, and naviere Walkewicz, senior vice president of Alumni Relations. Form 990, Part VI, Section A, Line 6 A & B The organization has the following membership categories: (1) Graduate membership is granted to all graduates of the Academy; (2) Honorary membership may be awarded to non-graduates who have rendered outstanding and conspicuous service to the Air Force, the Academy and/or the AOG. Honorary members must be recommended by a member of the Board and receive at least 80 percent acceptance of all Directors. Honorary membership is restricted to 25 living persons. Honorary members will not pay dues and will be eligible for all the benefits of membership but may not vote in elections; (3) Associate membership has been awarded in the past to non-graduates who were identified by the Chief Executive Officer (CEO) as friends of the Academy. Associate members pay annual dues or have become life associate members. Associate members are eligible for all the benefits of membership and may vote, (4) Affiliate membership may be awarded to non-graduates who have been identified by the CEO as friend of the Academy. Affiliate members pay annual dues or can become life affiliate members by paying a lifetime fee. Affiliate members are eligible for all the benefits of membership but may not vote in elections. Each Graduate and associate member has one vote, and may not allocate their vote to anyone else, and (5) Family membership, sometimes referred to as parent membership, is an annual membership available to families of cadets. Upon graduation, if membership remains current, parents and families retain specific benefits but may not vote in elections." Form 990, Part VI, Section A, Line 7a ELECTIONS ARE HELD BIENNIALLY AND APPROXIMATELY HALF OF THE ELECTED DIRECTORS ARE ELECTED TO 4-YEAR TERMS. CANDIDATES ARE PLACED ON THE BALLOT BY THE NOMINATING COMMITTEE OR BY PETITION OF 25 MEMBERS. ALL GRADUATE MEMBERS ARE NOTIFIED BY MAIL, EMAIL, AND OTHER MEANS OF HOW THEY MAY BECOME A CANDIDATE. ALL MEMBERS WHO ARE ELIGIBLE TO VOTE TO RECEIVE NOTICE OF HOW TO CAST THEIR BALLOT. CANDIDATES RECEIVING THE MOST VOTES ARE ELECTED TO THE BOARD. Form 990, Part VI, Section A, Line 7b Graduate and associate members may vote in elections of directors, to amend the Articles of Incorporation and/or Bylaws, and on any issues submitted to the membership by the Board. Each member has one vote and may not allocate their vote to anyone else. FORM 990, PART VI, SECTION B, LINE 11 B FORM 990 WILL BE SUBMITTED TO THE AUDIT COMMITTEE, THEN EACH MEMBER OF THE BOARD OF DIRECTORS, PHYSICALLY OR BY ELECTRONIC TRANSMISSION, PRIOR TO ITS FILING DUE DATE. FORM 990, PART VI, SECTION B, LINE 12 C THE CONFLICT-OF-INTEREST POLICY IS REVIEWED, UPDATED, IF NECESSARY, AND PRESENTED TO THE BOARD EACH AUGUST. ALL DIRECTORS and officers MUST REVIEW AND SIGN THE STATEMENT DECLARING THAT THERE ARE NO CONFLICTS OF INTEREST, OR THAT THEY MUST REPORT WHEN THEY HAVE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 A & B THE COMPENSATION FOR THE CEO IS DETERMINED BY A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FROM COMPARATIVE DATA FOR OTHER ASSOCIATION EXECUTIVES: THE CEO APPROVES THE COMPENSATION OF OTHER OFFICERS AND EMPLOYEES OF THE ORGANIZATION, AS RECOMMENDED BY THE SENIOR STAFF IN BUDGET PREPARATIONS.THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 18 & 19 Copies of the organization's current bylaws, articles of incorporation, governance and financial management policies, and the prior year financial statements are available on the organization's website. Additionally, THE ORGANIZATION WILL PROVIDE IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS INCLUDING ITS CONFLICT-OF-INTEREST POLICY, WHEN REQUESTED IN PERSON. FORM 990 IS POSTED ON THE ORGANIZATION'S WEBSITE AFTER FILING; THE FORM 1023 WAS FILED PRIOR TO 1985 AND IS NOT AVAILABLE TO PUBLIC INSPECTION: THE FORM 990-T AND FORM 990 PUBLIC INSPECTION COPIES ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. FORM 990, PART VII, COLUMN (D), COLUMN (F) FORM 990, PART I, LINE 5 AND 990, PART VI, LINE 2A / 2B FORM 990, PART VII, COLUMN (D), COLUMN (F) FORM 990, PART VII, LINE 5 SCHEDULE J, PART II, LINE 1 THE FILING ORGANIZATION, THE ASSOCIATION OF GRADUATES OF THE U.S. AIR FORCE ACADEMY (AOG), PARTICIPATES IN A COOPERATIVE OPERATING AGREEMENT WITH THE AIR FORCE ACADEMY FOUNDATION (AFAF). THE AGREEMENT PROVIDES FOR SHARED SERVICES INCLUDING OFFICE SPACE, FURNITURE AND EQUIPMENT, DATA ENTRY SERVICES, MAIL AND CHECK PROCESSING SERVICES, AND INFORMATION TECHNOLOGY SUPPORT. ADDITIONALLY, AS PART OF THE COOPERATIVE OPERATING AGREEMENT, THE ORGANIZATIONS ARE UNDER A COMMON PAYMASTER AGREEMENT WHICH INCLUDES SHARED LEADERSHIP COSTS FOR THE CHIEF EXECUTIVE OFFICER (CEO) AND ALL OTHER SHARED STAFF. AS OF 2024, THE AIR FORCE ACADEMY FOUNDATION BECAME THE EMPLOYER OF RECORD, FILING ALL PERTINENT TAX DOCUMENTS ON A QUARTERLY AND ANNUAL BASIS AS NEEDED, INCLUDING MAKING REQUIRED TAX DEPOSITS. HOWEVER, AS THE INDIVIDUALS MEET THE DEFINITION OF COMMON LAW EMPLOYEES OF THE AOG, THEIR SALARIES/WAGES ARE REFLECTED ON FORM 990, PART VII, SECTION A, COLUMN D AND E, AND ON FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSE, LINES 5 THROUGH 10, AS INSTRUCTED PER IRS GUIDELINES. FORM 990, PART XI, LINE 8 Prior period adjustment: SUBSEQUENT TO THE FILING OF THE 2023 TAX RETURN, AN AUDIT ADJUSTMENT WAS MADE TO ACCOUNT FOR $1,625 OF OVERSTATED MERCHANDISE SALES. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE - TRUST INTEREST $2,130,804 FORM 990, PART XII, LINE 2 C THE PROCESS FOR OVERSEEING THE AUDIT HAS NOT CHANGED FROM PRIOR YEARS.