2020-11-09T14:17:28-06:00 2019-12-31 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2019-01-01 541797281 AIR FORCE AID SOCIETY AIRF 7039722650 1550 CRYSTAL DRIVE NO 809 ARLINGTON VA 22202 KALETH O WRIGHT CHIEF EXECUTIVE OFFICER 7039722650 2020-11-09 1 ELIZABETH W HELLER P00397829 2022932200 173.79.22.96 2020-11-09 14:13:12 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 907A16943A5AE6BD468F5755AE9454C37C362E74 2019 2021-01-29 14:40:06Z KALETH O WRIGHT 1550 CRYSTAL DRIVE NO 809 ARLINGTON VA 22202 100051956 0 X WWW.AFAS.ORG X 1942 VA SUPPORT U.S. AIRMEN AND THEIR FAMILIES WITH EMERGENCY FINANCIAL AND EDUCATIONAL ASSISTANCE. 21 21 25 21 -101492 -102912 7258183 3518495 1443 400 10732158 11514889 -115442 -85287 17876342 14948497 15972671 7632644 0 0 2634567 2850255 0 0 480898 2322380 1747254 20929618 12230153 -3053276 2718344 189049978 211701097 2160731 1211081 186889247 210490016 SUPPORT AIRMEN AND ENHANCE THE AIR FORCE MISSION BY RELIEVING EMERGENCY FINANCIAL DISTRESS, HELPING FAMILIES ACHIEVE THEIR EDUCATIONAL GOALS, AND IMPROVING THE QUALITY OF AIR FORCE LIFE. IN 2019, THE SOCIETY SPENT $7.6 MILLION IN DIRECT SUPPORT TO AIRMEN. 0 0 5557581 5012638 EDUCATION ASSISTANCE - THE GENERAL HENRY "HAP" ARNOLD EDUCATION GRANT PROGRAM PROVIDES NEEDS-BASED EDUCATION GRANTS TO CHILDREN AND SPOUSES OF AIRMEN. IN 2019, THE SOCIETY AWARDED $5.5 MILLION IN GRANTS TO 2,172 STUDENTS TO HELP PAY FOR COLLEGE. AN ADDITIONAL 46 STUDENTS RECEIVED $187,500 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 2019, $53,000 WAS SPENT ON THESE SUPPLEMENTAL EDUCATION LOANS. 2810941 1214657 400 EMERGENCY ASSISTANCE (EA) - THE EA PROGRAM IS THE TOP PRIORITY FOR THE SOCIETY AS IT AIMS TO RELIEVE THE FINANCIAL PRESSURES ON AIRMEN 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. AIR FORCE FAMILIES CAN ALSO RECEIVE SUPPORT DEVELOPING A FAMILY BUDGET. IN 2019, $ $6.1 MILLION IN NO-INTEREST LOANS AND $1.2 MILLION IN GRANTS WERE PAID OUT IN SUPPORT OF AIR FORCE FAMILIES WITH OVER 8,400 ASSISTS. 1598450 1405349 COMMUNITY PROGRAMS - THE SOCIETY SUPPORTS SEVERAL BASE-LEVEL PROGRAMS AIMED AT IMPROVING THE QUALITY OF LIFE FOR AIR FORCE FAMILIES. AFAS SPENT $656,000 TO FUND THREE CHILDCARE PROGRAMS: GIVE PARENTS A BREAK, CHILDCARE FOR PCS MOVES, AND CHILDCARE FOR VOLUNTEERS. APPROXIMATELY 13,800 CHILDREN WERE CARED FOR IN 2019. THE SPOUSE EMPLOYMENT PROGRAM PROVIDED ENTRY-LEVEL TRAINING TO OVER 541 AF SPOUSES DURING THE YEAR, SPENDING $342,000. 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. $184,000 WAS SPENT TO PROVIDE $50 GIFT CARDS TO ALL ATTENDEES OF THE PROGRAM. OTHER PROGRAMS SUPPORTED BY THE SOCIETY IN 2019 WERE THE CAR CARE AND HEARTLINK PROGRAMS. 9966972 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 1 159 0 1 25 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 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 SIDNEY R HEETLAND 7039722613 1550 CRYSTAL DRIVE ARLINGTON VA 22202 HONORABLE WILLIAM A MOORMAN PRESIDENT AND TRUSTEE 2.00 X X 0 0 0 MAJ GEN ALFRED K FLOWERS RET VICE PRESIDENT AND TRUSTEE 2.00 X X 0 0 0 LISA ATHERTON TRUSTEE 1.00 X 0 0 0 KATHLEEN K BARCHICK TRUSTEE 1.00 X 0 0 0 ELI A COHEN TRUSTEE 1.00 X 0 0 0 CMSGT DANNY R DOUCETTE RET TRUSTEE 1.00 X 0 0 0 CMSGT DENNIS L FRITZ RET TRUSTEE 1.00 X 0 0 0 GEN DAVID L GOLDFEIN TRUSTEE 1.00 X 0 0 0 DAWN GOLDFEIN TRUSTEE 1.00 X 0 0 0 HONORABLE 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 2.00 X 0 0 0 LT GEN BRIAN T KELLY TRUSTEE 1.00 X 0 0 0 DR JERROLD I W MITCHELL TRUSTEE 1.00 X 0 0 0 MAJ GEN JOHN M PLETCHER TRUSTEE 1.00 X 0 0 0 MR JAMES C REAGAN TRUSTEE 2.00 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 HONORABLE HEATHER A WILSON TRUSTEE 1.00 X 0 0 0 CMSAF KALETH O WRIGHT TRUSTEE 1.00 X 0 0 0 TONYA T WRIGHT TRUSTEE 1.00 X 0 0 0 LT GEN JOHN D HOPPER RET CHIEF EXECUTIVE OFFICER 40.00 X 226771 0 42271 COL SIDNEY R HEETLAND RET CHIEF FINANCIAL OFFICER 40.00 X 173760 0 40388 COL LINDA F EGENTOWICH RET CHIEF OPERATIONS OFFICER 40.00 X 179530 0 40942 MICHAEL PARNAROUSKIS CONTROLLER 40.00 X 125513 0 33688 JOHN FARRELL HR DIRECTOR 40.00 X 115209 0 13346 LATOYA CROWE MARKETING DIRECTOR 40.00 X 103495 0 36448 924278 0 207083 6 0 1 0 ADAMS STREET PARTNERS LLC ONE NORTH WACKER DR STE 2200 CHICAGO IL 60606 INVESTMENT MANAGEMENT 309534 BAM TECHNOLOGIES LLC 2550 SOUTH CLARK ST STE 400 ARLINGTON VA 22202 INFORMATION TECHNOLOGY 152800 NEPC LLC 255 STATE ST BOSTON MA 02109 INVESTMENT ADVISOR 150000 CONCOURSE FEDERAL GROUP 123 S ROYAL ST ALEXANDRIA VA 22314 INFORMATION TECHNOLOGY 144491 UBS REALTY INVESTORS LLC 10 STATE HOUSE SQ 15TH FLR HARTFORD CT 06103 INVESTMENT MANAGEMENT 131392 6 75139 775843 2667513 81293 3518495 UNCOLLECTIBLE LOAN REPAYMENTS 900099 400 400 400 3904798 -101492 4006290 92455262 84845171 7610091 7610091 7610091 168527 775843 258288 -89761 -89761 CLASS ACTION SETTLEMENTS 900099 4474 4474 4474 14948497 400 -101492 11531094 64988 64988 7298061 7298061 269595 269595 692645 214642 377837 100166 1484150 1024073 311611 148466 130971 90843 27075 13053 394862 259382 94640 40840 147627 86067 45173 16387 1300 758 398 144 46800 46800 406400 406400 236235 137725 72288 26222 113293 113293 192446 114137 57465 20844 236494 137876 72367 26251 34031 19840 10414 3777 6943 3052 3891 262169 152844 80224 29101 36079 21034 11040 4005 ALL OTHER EXPENSES 74657 20486 51367 2804 BAD DEBT EXPENSE 51569 51569 OTHER FUNDRAISING COSTS 48838 48838 12230153 9966972 1782283 480898 1082721 1270307 73848 190778 81958 35329 25539 14714 3951499 3767436 182225 176936 2265027 2020333 493188 244694 122894824 133755496 60264176 72245407 189049978 211701097 1336012 332616 824719 878465 2160731 1211081 X 184752756 208369096 2136491 2120920 186889247 210490016 189049978 211701097 2718344 20882425 0 X X 0 1 X 1 0 X 5338291 5218886 4906575 7197419 3518495 26179666 5338291 5218886 4906575 7197419 3518495 26179666 1438194 24741472 4218221 4183846 3951385 4474145 3904798 20732395 203058 147310 149571 147633 173001 820573 47732634 10881 0.51830 0.53440 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 2019 USAF CHARITY BALL GENERATED $168,527 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 2019 $4,474 WAS RECEIVED FROM CLASS ACTION LAWSUIT SETTLEMENTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1854800 300062 237058 1917804 1917804 -63004 1854800 1881804 36000 249763 249763 1917804 1811804 70000 142743 142743 1881804 1811804 1205 -1205 1811804 0.00000 1.00000 0.00000 0 0 535305 457979 77326 1729722 1562354 167368 244694 REAL ESTATE FUNDS 17899344 F HEDGE FUNDS 15826295 F PRIVATE EQUITY FUNDS 25628917 F MASTER LIMITED PARTNERSHIPS 5456448 F PRIVATE DEBT FUNDS 7434403 F 72245407 OTHER LIABILITIES 10268 ACCRUED COMPENSATION 298179 ACCRUED YES PROGRAM LIABILITIES 28926 POST RETIREMENT LIABILITY 286340 DEFERRED CHARITY BALL INCOME 241502 ACCRUED MEDICAL INSURANCE CLAIMS 13250 878465 X 36023302 20882425 340495 258288 21481208 14542094 406403 406403 14948497 12422533 340495 258288 598783 11823750 406403 406403 12230153 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 BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 258,288. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 258,288. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 49 GRANTS 83472 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 111669 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 72 GRANTS 185622 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1374624 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTS 500 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 6471493 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 10089977 0 121 0 0 0 121 18317357 0 18317357 EDUCATION GRANTS FOR COLLEGE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 1900 CHECK EDUCATION GRANTS FOR COLLEGE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 2 8000 CHECK EDUCATION GRANTS FOR COLLEGE NORTH AMERICA 1 500 CHECK EMERGENCY FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 16 12827 CHECK EMERGENCY FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 10 11676 CHECK BUNDLES FOR BABIES SEMINAR EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 195 9750 GIFT CARD BUNDLES FOR BABIES SEMINAR EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 393 19650 GIFT CARD CAR MAINTENANCE/OIL CHANGE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 20 1000 OIL CHANGE COUPON COST CAR MAINTENANCE/OIL CHANGE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 372 24982 OIL CHANGE COUPON COST AF BASE CHILDCARE EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 681 44500 CHILDCARE PROVIDED COST AF BASE CHILDCARE EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1461 77687 CHILDCARE PROVIDED COST AF BASE EDUCATIONAL PROGRAMS EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 183 13495 CLASSES PROVIDED COST AF BASE EDUCATIONAL PROGRAMS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 430 43628 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 2019 AT OVERSEAS BASES IN EAST ASIA AND EUROPE INCLUDED CAR CARE, SPOUSE EMPLOYABILITY, CHILDCARE, AND BUNDLES FOR BABIES. CHARITY BALL 944370 775843 168527 95362 21538 141388 944370 775843 168527 95362 21538 141388 258288 -89761 1 AIR FORCE OFFICERS' SPOUSES' CLUB OF WASHINGTON DC 50 THEISEN STREET WASHINGTON DC 20032 526057758 501C7 50000 SHARE OF 2019 CHARITY BALL FOR ED GRANT FUNDING US AIR FORCE - WOUNDED WARRIOR PROGRAM DEPARTMENT OF DEFENSE 550 C STREET WEST SUITE 37 RANDOLPH AFB TX 78154 849990000 115 14988 COST HOTEL/FOOD SERVICE 2019 AIR FORCE WOUNDED WARRIOR TRIALS EVENT SPONSORSHIP 1 1 EDUCATION GRANTS FOR COLLEGE 2184 5002238 EMERGENCY FINANCIAL ASSISTANCE 1377 1190154 BUNDLES FOR BABIES 2734 155060 CAR MAINTENANCE/OIL CHANGE 1830 76216 COST OIL CHANGE COUPONS AF BASE CHILDCARE 11677 534708 COST CHILDCARE PROVIDED AF BASE EDUCATIONAL PROGRAMS 2118 339685 COST EDUCATION CLASSES PROVIDED 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 LT GEN JOHN D HOPPER RET CHIEF EXECUTIVE OFFICER 207779 0 12000 0 6992 0 19869 0 28310 0 274950 0 0 0 COL SIDNEY R HEETLAND RET CHIEF FINANCIAL OFFICER 157701 0 10000 0 6059 0 15390 0 30813 0 219963 0 0 0 COL LINDA F EGENTOWICH RET CHIEF OPERATIONS OFFICER 163701 0 10000 0 5829 0 15930 0 29982 0 225442 0 0 0 MICHAEL PARNAROUSKIS CONTROLLER 120930 0 4000 0 583 0 11382 0 27337 0 164232 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 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. X 9 15657 AVG HIGH/LOW PRICE X AUCTION ITEMS 137 65606 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 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 THE FOLLOWING BOARD OF TRUSTEES MEMBERS ARE HUSBAND AND WIFE: CMSAF KALETH O WRIGHT AND TONYA T WRIGHT GENERAL DAVID L GOLDFEIN AND DAWN GOLDFEIN 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.