2021-11-15T13:43:02-06:00 2020-12-31 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-01-01 541797281 AIR FORCE AID SOCIETY AIRF 7039722650 1550 CRYSTAL DRIVE NO 809 ARLINGTON VA 22202 MICHAEL PARNAROUSKIS JR CHIEF FINANCIAL OFFICER 7039722650 2021-11-15 1 MICHAEL PARNAROUSKIS JR 999009999 MEREDITH BELL P01696827 2022932200 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KALETH O WRIGHT 1550 CRYSTAL DRIVE NO 809 ARLINGTON VA 22202 99255861 0 X WWW.AFAS.ORG X 1942 VA TO SUPPORT US AIR FORCE AND US SPACE FORCE FAMILIES WHEN THEY NEED US MOST. 25 25 26 47 128245 0 3518495 6281337 400 0 11514889 12449932 -85287 13539 14948497 18744808 7632644 8948482 0 0 2850255 2920700 0 0 514515 1747254 1896550 12230153 13765732 2718344 4979076 211701097 230482573 1211081 2937782 210490016 227544791 SUPPORT AIRMEN AND GUARDIANS BY RELIEVING EMERGENCY FINANCIAL DISTRESS, HELPING FAMILIES ACHIEVE THEIR EDUCATIONAL GOALS, AND IMPROVING THE QUALITY OF AIR AND SPACE FORCE LIFE. 0 0 5956498 5380384 0 EDUCATION ASSISTANCE - THE GENERAL HENRY "HAP" ARNOLD EDUCATION GRANT PROGRAM PROVIDES NEEDS-BASED EDUCATION GRANTS TO CHILDREN AND SPOUSES OF AIRMEN AND GUARDIANS. IN 2020, THE SOCIETY AWARDED $5.5 MILLION IN GRANTS (RANGING FROM $500 TO $4,000) TO 2,000 STUDENTS TO HELP PAY FOR COLLEGE. AN ADDITIONAL 38 STUDENTS RECEIVED $141,000 IN MERIT-BASED SCHOLARSHIPS AIMED AT THE HIGHEST ACHIEVING INCOMING FRESHMEN. SCHOLARSHIP SELECTION IS BASED ON A STUDENT'S GPA IN ADDITION TO A WRITTEN ESSAY. THE SOCIETY ALSO PROVIDED UP TO $1,000 PER STUDENT IN NO INTEREST LOANS TO HELP DEFRAY THE ADDITIONAL COSTS FOR TEXTBOOKS AND OTHER SCHOOL SUPPLIES. IN 2020, $75,000 WAS SPENT ON THESE SUPPLEMENTAL EDUCATION LOANS. AN ADDITIONAL 74 FAMILIES RECEIVED $82,000 IN COVID EDUCATION NO-INTEREST LOANS. 4386267 2745490 0 EMERGENCY ASSISTANCE (EA) - THE EA PROGRAM IS THE TOP PRIORITY FOR THE SOCIETY AS IT AIMS TO RELIEVE THE FINANCIAL PRESSURES ON AIRMEN, GUARDIANS AND THEIR FAMILIES BY ASSISTING WITH IMMEDIATE NEEDS IN AN EMERGENCY. SUPPORT IS PROVIDED THROUGH NO-INTEREST LOANS AND GRANTS, DEPENDING ON EACH INDIVIDUAL CIRCUMSTANCE. EA IS PROVIDED FOR BASIC LIVING EXPENSES, EMERGENCY TRAVEL, VEHICLE REPAIRS, FUNERAL COSTS, AND OTHER EMERGENCIES. IN 2020, DUE TO THE COVID 19 OUTBREAK, AFAS PROVIDE $1.9M IN VIRTUAL SCHOOLONG GRANTS TO ASSIST WITH THE IMPACT OF THE PANDEMIC. FURTHERMORE, $3.2 MILLION IN NO-INTEREST LOANS AND $2.8 MILLION IN GRANTS WERE PAID OUT IN SUPPORT OF AIR FORCE FAMILIES WITH OVER 15,300 ASSISTS. 59 WOUNDED WARRIORS RECEIVED MORE THAN $73,000 IN ASSISTANCE PRIMARILY THROUGH GRANTS. 1024248 822608 0 COMMUNITY PROGRAMS - THE SOCIETY SUPPORTS SEVERAL BASE-LEVEL PROGRAMS AIMED AT IMPROVING THE QUALITY OF LIFE FOR AIR AND SPACE FORCE FAMILIES. AFAS SPENT $260,000 TO FUND THREE CHILDCARE PROGRAMS: GIVE PARENTS A BREAK, CHILDCARE FOR PCS MOVES, AND CHILDCARE FOR VOLUNTEERS. APPROXIMATELY 4,132 CHILDREN WERE CARED FOR IN 2020. THE SPOUSE EMPLOYMENT PROGRAM PROVIDED ENTRY-LEVEL TRAINING TO AF SPOUSES DURING THE YEAR, SPENDING $309,000. BUNDLES FOR BABIES PROVIDES EXPECTING FAMILIES INFORMATION ON PREPARING FOR THE IMPACT OF A NEW BABY WHILE PROVIDING RESOURCES TO HELP FAMILIES ALONG THE WAY. $120,000 WAS SPENT TO PROVIDE $50 GIFT CARDS TO ALL ATTENDEES OF THE PROGRAM. OTHER READINESS PROGRAMS SUPPORTING FAMILIES IN 2020 WERE THE CAR CARE - $61,000 AND HEARTLINK - $21,000 PROGRAMS. 11367013 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 1 123 0 1 26 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 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 MICHAEL PARNAROUSKIS JR - CFO 7039722650 1550 CRYSTAL DRIVE NO 809 ARLINGTON VA 22202 JAMES C REAGAN PRESIDENT AND TRUSTEE 2.00 X X 0 0 0 KATHLEEN K BARCHICK VICE PRESIDENT AND TRUSTEE 2.00 X X 0 0 0 LISA ATHERTON TRUSTEE 1.00 X 0 0 0 MAJOR GENERAL MARK A BROWN TRUSTEE 1.00 X 0 0 0 ELI A COHEN TRUSTEE 1.00 X 0 0 0 CMSGT DANNY R DOUCETTE TRUSTEE 1.00 X 0 0 0 CMSGT DENNIS L FRITZ TRUSTEE 1.00 X 0 0 0 HONARABLE ROBERT F HALE TRUSTEE 1.00 X 0 0 0 LT GEN DOROTHY A HOGG TRUSTEE 1.00 X 0 0 0 DR WILLIAM W JENNINGS TRUSTEE 1.00 X 0 0 0 LT GEN BRIAN T KELLY TRUSTEE 1.00 X 0 0 0 FRANK KENDALL TRUSTEE 1.00 X 0 0 0 KEN MAILENDER TRUSTEE 1.00 X 0 0 0 MAJ GEN JAMES D PECCIA III TRUSTEE 1.00 X 0 0 0 CHERYL ROBERSON TRUSTEE 1.00 X 0 0 0 LT GEN JEFFREY A ROCKWELL TRUSTEE 1.00 X 0 0 0 HONORABLE EUGENE R SULLIVAN TRUSTEE 1.00 X 0 0 0 GENERAL CHARLES Q BROWN TRUSTEE 1.00 X 0 0 0 JOANNE S BASS TRUSTEE 1.00 X 0 0 0 GENERAL JOHN W RAYMOND TRUSTEE 1.00 X 0 0 0 ROGER A TOWBERMAN TRUSTEE 1.00 X 0 0 0 RAHN BASS TRUSTEE 1.00 X 0 0 0 SHARENE BROWN TRUSTEE 1.00 X 0 0 0 MOLLIE A RAYMOND TRUSTEE 1.00 X 0 0 0 RACHEL RUSH TRUSTEE 1.00 X 0 0 0 CMSAF KALETH O WRIGHT CURRENT CEO 40.00 X 46993 0 6865 JOHN D HOPPER JR CHIEF EXECUTIVE OFFICER (THRU 12/31) 40.00 X 199579 0 36867 SIDNEY R HEETLAND CHIEF FINANCIAL OFFICER (THRU 12/31) 40.00 X 185167 0 41369 LINDA F EGENTOWICH CHIEF OPERATIONS OFFICER (THRU 12/31) 40.00 X 191415 0 40412 JOHN FARRELL HR DIRECTOR 40.00 X 140998 0 15883 MICHAEL PARNAROUSKIS CONTROLLER 40.00 X 135501 0 45345 LATOYA CROWE CHIEF COMMUNICATIONS & DEVELOPMENT OFFICER 40.00 X 131243 0 35601 JANET DUCKWORTH SR EA CASEWORKER 40.00 X 102744 0 46697 SHARON VALVANO LOAN MGMT OFFICER 40.00 X 102494 0 34914 1236134 0 303953 8 0 1 0 ADAMS STREET PARTNERS LLC ONE NORTH WACKER DR STE 2200 CHICAGO IL 60606 INVESTMENT MANAGEMENT 301873 CONCOURSE FEDERAL GROUP 123 S ROYAL ST ALEXANDRIA VA 22314 INFORMATION TECHNOLOGY 299893 BAM TECHNOLOGIES LLC 2550 SOUTH CLARK ST STE 400 ARLINGTON VA 22202 INFORMATION TECHNOLOGY 218000 NEPC LLC 255 STATE ST BOSTON MA 02109 INVESTMENT ADVISOR 191014 UBS REALTY INVESTORS LLC 10 STATE HOUSE SQ 15TH FLR HARTFORD CT 06103 INVESTMENT MANAGEMENT 108100 5 131498 921336 5228503 113363 6281337 3661332 128245 3533087 89261601 80473001 8788600 8788600 8788600 46775 921336 38052 8723 8723 CLASS ACTION SETTLEMENTS 900099 4816 4816 4816 18744808 0 128245 12335226 50940 50940 8653793 8653793 243749 243749 733059 439784 210011 83264 1362440 791578 420994 149868 187450 108909 57922 20619 483773 281072 149486 53215 153978 89461 47579 16938 234 136 72 26 46896 46896 410823 410823 18803 10925 5810 2068 128902 128902 193938 113902 59024 21012 660009 383465 203943 72601 4508 2619 1393 496 1935 804 1131 194611 113069 60135 21407 37204 21616 11496 4092 ALL OTHER EXPENSES 118366 42725 68587 7054 OTHER FUNDRAISING COSTS 61855 61855 BAD DEBT EXPENSE 18466 18466 13765732 11367013 1884204 514515 1270307 886488 190778 371593 35329 71559 14714 982 3767436 1964469 176936 71152 2037849 1951368 244694 86481 133755496 150790822 72245407 76239027 211701097 230482573 332616 273028 878465 2664754 1211081 2937782 X 208369096 225254844 2120920 2289947 210490016 227544791 211701097 230482573 4979076 12075699 0 X X 0 1 X 1 0 X 5218886 4906575 7197419 3518495 6281337 27122712 5218886 4906575 7197419 3518495 6281337 27122712 4189462 22933250 4183846 3951385 4474145 3904798 3661332 20175506 147310 149571 147633 173001 51591 669106 47967324 8021 0.47810 0.51830 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 2020 USAF CHARITY BALL GENERATED $46,775 OF 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 2020 $4,816 WAS RECEIVED FROM CLASS ACTION LAWSUIT SETTLEMENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1917804 105000 222437 89333 2155908 1854800 300062 237058 1917804 1917804 -63004 1854800 1881804 36000 249763 249763 1917804 1811804 70000 142743 142743 1881804 0.00000 0.93826 0.06174 0 0 444691 363610 81081 1593158 1587758 5400 86481 REAL ESTATE FUNDS 15501060 F HEDGE FUNDS 16645585 F PRIVATE EQUITY FUNDS 37416788 F MASTER LIMITED PARTNERSHIPS 1838768 F PRIVATE DEBT FUNDS 4836826 F 76239027 OTHER LIABILITIES 12009 ACCRUED COMPENSATION 239312 POST RETIREMENT LIABILITY 249469 DEFERRED CHARITY BALL INCOME 165290 DUE TO RELATED PARTIES 60850 GIFTS SUBJECT TO DONOR RECALL 1937824 2664754 X 30795040 12075699 347305 38052 12461056 18333984 410824 410824 18744808 13740265 347305 38052 385357 13354908 410824 410824 13765732 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. EACH YEAR, A PERCENTAGE OF THE FUNDS ARE PAID OUT TO FUND EDUCATION GRANTS AWARDED THAT YEAR. THE AMOUNT DISTRIBUTED EACH YEAR IS DETERMINED BY THE FINANCE COMMITTEE AS PART OF THE OVERALL OPERATING BUDGET. PART X, LINE 2: THE SOCIETY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 38,052. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 38,052. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 5 45 GRANTS 86532 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 409994 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 9 73 GRANTS 157217 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1322637 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 40213 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 237970 14 118 0 0 14 118 2254563 0 2254563 EDUCATION GRANTS FOR COLLEGE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 489 CHECK EDUCATION GRANTS FOR COLLEGE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 7 7116 CHECK EMERGENCY FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 145 49172 CHECK EMERGENCY FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 235 60053 CHECK BUNDLES FOR BABIES SEMINAR EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 126 6300 GIFT CARD BUNDLES FOR BABIES SEMINAR EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 257 12850 GIFT CARD CAR MAINTENANCE/OIL CHANGE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 22 1062 OIL CHANGE COUPON COST CAR MAINTENANCE/OIL CHANGE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 264 17872 OIL CHANGE COUPON COST AF BASE CHILDCARE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 174 15245 CHILDCARE PROVIDED COST AF BASE CHILDCARE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 371 19767 CHILDCARE PROVIDED COST AF BASE EDUCATIONAL PROGRAMS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 158 14264 CLASSES PROVIDED COST AF BASE EDUCATIONAL PROGRAMS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 96 39559 CLASSES PROVIDED 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 III ACCOUNTING METHOD: 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 2020 AT OVERSEAS BASES IN EAST ASIA AND EUROPE INCLUDED CAR CARE, SPOUSE EMPLOYABILITY, CHILDCARE, AND BUNDLES FOR BABIES. CHARITY BALL 968111 921336 46775 38052 968111 921336 46775 38052 38052 8723 1 AIR FORCE OFFICERS' SPOUSES' CLUB OF WASHINGTON DC 50 THEISEN STREET WASHINGTON DC 20032 526057758 501C7 50000 SHARE OF 2020 CHARITY BALL FOR ED GRANT FUNDING 0 1 EDUCATIONAL GRANTS FOR COLLEGE 2022 5372780 EMERGENCY FINANCIAL ASSISTANCE 9270 2636265 CAR MAITENANCE ASSISTANCE 1014 42500 AF BASE CHILDCARE SERVICES 3587 224695 AF BASE EDUCATIONAL CLASSES 1178 276287 BUNDLES FOR BABIES SEMINAR 1558 101266 PART I, LINE 2: THE SOCIETY PROVIDES EDUCATION AND EMERGENCY FINANCIAL ASSISTANCE GRANTS TO SUPPORT AIR FORCE FAMILIES. THESE PROGRAMS ARE ADMINISTERED AT USAF BASES BY AIR FORCE PERSONNEL. EDUCATION GRANT RECIPIENTS MUST SUBMIT DOCUMENTATION TO VERIFY THEIR SCHOOL ATTENDANCE, AND ALL GRANTS ARE PAID DIRECTLY TO THE SCHOOL. EMERGENCY FINANCIAL SUPPORT IS ISSUED ON A CASE BY CASE BASIS BASED ON THE DOCUMENTED NEED OF THE AIRMAN. ALL ASSISTANCE IS TRACKED BY THE SOCIETY'S DATABASE TO PROVIDE A HISTORICAL REFERENCE OF ALL ASSISTANCE PROVIDED. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN D HOPPER JR CHIEF EXECUTIVE OFFICER (THRU 12/31) 171496 0 22000 0 6083 0 17458 0 22206 0 239243 0 0 0 LINDA F EGENTOWICH CHIEF OPERATIONS OFFICER (THRU 12/31 176373 0 10000 0 5042 0 16306 0 26375 0 234096 0 0 0 SIDNEY R HEETLAND CHIEF FINANCIAL OFFICER (THRU 12/31) 169047 0 10000 0 6120 0 16324 0 27756 0 229247 0 0 0 MICHAEL PARNAROUSKIS CONTROLLER 130434 0 4000 0 1067 0 11830 0 35265 0 182596 0 0 0 LATOYA CROWE CHIEF COMMUNICATIONS & DEVELOPMENT O 112514 0 4300 0 14429 0 11922 0 24565 0 167730 0 0 0 JOHN FARRELL HR DIRECTOR 119028 0 3500 0 18470 0 12711 0 5786 0 159495 0 0 0 JANET DUCKWORTH SR EA CASEWORKER 98889 0 3200 0 655 0 9523 0 38476 0 150743 0 0 0 PART I, LINE 1A THE SOCIETY OFFERS A TAXABLE REIMBURSEMENT PROGRAM FOR ALL EMPLOYEES OF UP TO $500 PER YEAR TO COVER THE COST OF FITNESS RELATED ACTIVITIES AND/OR FITNESS EQUIPMENT. X 45 5544 AVG HIGH/LOW PRICE X AUCTION ITEMS 340 107819 FAIR VALUE 0 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 THERE ARE BOARD MEMBERS THAT ARE HUSBAND AND WIFE AS FOLLOWS: GENERAL CHARLES BROWN AND MRS. SHARENE BROWN GENERAL JOHN "JAY" RAYMOND AND MRS. MOLLIE A. RAYMOND CMSGT ROGER TOBERMAN AND MRS. RACHEL RUSH CEO + FORMER CMSAF KALETH O. WRIGHT AND MRS. TONYA T. WRIGHT FORM 990, PART VI, SECTION B, LINE 11B THE INITIAL DRAFT OF THE 990 IS PREPARED BY THE TAX PROFESSIONALS OF THE ACCOUNTING FIRM HIRED BY THE SOCIETY TO COMPLETE THE FINANCIAL AUDIT. THE 990 IS THEN REVIEWED BY THE SOCIETY'S ACCOUNTING STAFF AND OFFICERS BEFORE THE FINAL DRAFT IS SENT TO THE BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. ONCE THE FULL REVIEW OF THE 990 IS COMPLETE, THE 990 IS FILED ELECTRONICALLY WITH THE IRS AND THE PUBLIC VERSION 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.