2025-11-14T13:59:33-06:00 2024-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2024-01-01 541797281 AIR & SPACE FORCES AID SOCIETY INC AIR& 7039722650 1550 CRYSTAL DRIVE 809 ARLINGTON VA 22202 DIANA FAZYLOVA ACTING CHIEF FINANCIAL OFFICER 7039722650 2025-11-14 1 1 FRANK SMITH P00639053 2022274000 2025-11-14 2024 2025-03-06 01:10:19Z X MAJOR GENERAL EDWARD THOM 1550 CRYSTAL DRIVE 809 ARLINGTON VA 22202 53939845 0 X WWW.AFAS.ORG X 1942 VA TO SUPPORT U.S. AIR FORCE AND U.S. SPACE FORCE FAMILIES WHEN THEY NEED US MOST. 22 22 48 22 151714 28166 3819409 3647130 0 0 2961832 7942313 -229172 149661 6552069 11739104 6232179 10554501 0 0 4375574 4689355 0 0 945863 2316013 1776315 12923766 17020171 -6371697 -5281067 235435094 244865018 1147287 721525 234287807 244143493 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 7950713 6160907 EMERGENCY ASSISTANCE: THIS PROGRAM PROVIDES INTEREST FREE LOANS AND GRANTS TO AIR AND SPACE FORCE MEMBERS, RETIREES AND WIDOWS BASED ON THE INDIVIDUAL SITUATION. THESE LOANS AND GRANTS ARE PROVIDED TO MEET IMMEDIATE FINANCIAL NEEDS IN AN EMERGENCY SITUATION AS A STEP TOWARD A LASTING SOLUTION TO A PROBLEM. ELIGIBLE MEMBERS MAY APPLY THROUGH A STANDARD OF FALCON LOAN APPLICATION. THE SOCIETY STARTED THE FALCON LOAN PROGRAM IN MARCH 2008 TO MAKE EMERGENCY ASSISTANCE FUNDS READILY ACCESSIBLE TO AIR AND SPACE FORCE MEMBERS IN NEED BY STREAMLINING THE APPLICATION PROCESS. THE FALCON LOAN PROGRAM PROVIDES INTEREST-FREE LOANS OF UP TO $1,500 TO ASSIST WITH EMERGENCY FINANCIAL NEEDS. 4135211 3715443 EDUCATIONAL ASSISTANCE: THE GENERAL H. H. ARNOLD EDUCATION GRANT PROGRAM PROVIDES NEEDS-BASED GRANTS TO SONS, DAUGHTERS, AND SPOUSES OF THE AIR AND SPACE FORCE MEMBERS WHO ARE ENROLLED FULL TIME IN UNDERGRADUATE PROGRAMS. THE AMOUNT OF THE GRANT A STUDENT RECEIVES IS BASED ON THE FINANCIAL NEED OF THE FAMILY AND RANGES FROM $2,000 TO $5,000.IN ADDITION TO NEEDS-BASED GRANTS, THE SOCIETY ALSO PROVIDES $5,000 MERIT-BASED SCHOLARSHIPS TO THE TOP INCOMING COLLEGE AND UNIVERSITY FRESHMEN STUDENTS. THE SELECTION PROCESS INVOLVES THE EVALUATION OF CUMULATIVE GPA, HIGH SCHOOL TRANSCRIPTS, AND A WRITTEN ESSAY ON A SPECIFIC TOPIC DESIGNATED BY THE SOCIETY. 2002048 678151 COMMUNITY ENHANCEMENT: THIS PROGRAM INCLUDES INDIVIDUAL PROGRAMS IN FOUR MAIN AREAS: CHILDCARE, PARENTING, AND SPOUSE (EDUCATION/ORIENTATION/JOB SKILLS). THESE PROGRAMS ARE DESIGNED TO IMPROVE QUALITY OF LIFE AND MEET CURRENT AND EMERGING NEEDS OF AIR FORCE MEMBERS DURING ALL STAGES OF THEIR CAREER/LIFE. 14087972 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 0 0 0 0 0 0 0 0 0 1 106 0 1 48 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ 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 WI WV X X THE ORGANIZATION 7039722650 1550 CRYSTAL DRIVE 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 GEN DAVID W ALLVIN TRUSTEE 1.00 X 0 0 0 GINA ALLVIN TRUSTEE 1.00 X 0 0 0 JOANNE S BASS TRUSTEE UNTIL 03/2024 1.00 X 0 0 0 RAHN BASS TRUSTEE UNTIL 03/2024 1.00 X 0 0 0 CMSSF JOHN BENTIVEGNA TRUSTEE 1.00 X 0 0 0 CATHY BENTIVEGNA TRUSTEE 1.00 X 0 0 0 MG MARK A BROWN TRUSTEE 1.00 X 0 0 0 ELI A COHEN TRUSTEE 1.00 X 0 0 0 LTG JOHN DEGOES TRUSTEE 1.00 X 0 0 0 CMSGT DANNY R DOUCETTE TRUSTEE 1.00 X 0 0 0 DAVID FLOSI TRUSTEE 1.00 X 0 0 0 KATI FLOSI TRUSTEE 1.00 X 0 0 0 MG MICHAEL A GREINER TRUSTEE 1.00 X 0 0 0 HON ROBERT F HALE TRUSTEE 1.00 X 0 0 0 DR WILLIAM W JENNINGS 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 LTG CAROLINE MILLER TRUSTEE 1.00 X 0 0 0 LTG CHARLES PLUMMER TRUSTEE 1.00 X 0 0 0 CHERYL ROBERSON TRUSTEE 1.00 X 0 0 0 GEN B CHANCE SALTZMAN TRUSTEE 1.00 X 0 0 0 JENNIFER SALTZMAN TRUSTEE 1.00 X 0 0 0 EDWARD THOMAS JR CHIEF EXECUTIVE OFFICER 40.00 X 294535 0 29640 JESSICA BURRIS CHIEF FINANCIAL OFFICER 40.00 X 254658 0 30217 KRISTINA L MCBRIDE CHIEF OPERATING OFFICER 40.00 X 220440 0 20925 STEVAN MILLER CHIEF DEVELOPMENT OFFICER 40.00 X 159680 0 16267 NYVIA N AYALA CHIEF HR OFFICER UNTIL 02/2024 40.00 X 63594 0 10442 DIANA FAZYLOVA CONTROLLER 40.00 X 176206 0 21997 LISA M DONALD LOAN MGMT SUPERVISOR 40.00 X 113071 0 13985 BEATRIZ SWANN OPERATIONS DIRECTOR 40.00 X 168420 0 18726 SARAH K MCNULTY EDUCATION PROGRAMS MANAGER 40.00 X 113673 0 10664 MICHELLE GENTRY DIRECTOR OF DEVELOPMENT 40.00 X 134080 0 15386 1698357 0 188249 9 0 1 0 NEPC LLC 255 STATE ST BOSTON MA 02109 INVESTMENT ADVISOR 279559 HARTMAN EXECUTIVE ADVISORS LLC 1954 GREENSPRING DR 320 TIMONIUM MD 21093 IT MGMT/CONSULTING 141250 MERIPLEX SOLUTIONS LLC PO BOX 737157 DALLAS TX 75373 IT MGMT/CONSULTING 134478 3 631119 700261 2315750 3647130 4280355 151714 4128641 45681542 42019584 3661958 3661958 3661958 0 700261 181157 -181157 -181157 OTHER REVENUE 900099 330818 330818 330818 11739104 0 151714 7940260 123438 123438 10071637 10071637 359426 359426 1298601 785327 337359 175915 2303844 1316430 688400 299014 203582 124038 56721 22823 612436 446176 67460 98800 270892 163908 68289 38695 65702 65702 72566 72566 153056 153056 383663 180652 109228 93783 57570 6039 8706 42825 121855 41009 32711 48135 232528 115809 88031 28688 36843 21039 13359 2445 193964 107650 64590 21724 24045 13345 8007 2693 MISCELLANEOUS 368609 191474 142514 34621 FUNDRAISING 44501 4801 5392 34308 MAINTENANCE AGREEMENTS/ 12373 6734 4245 1394 BAD DEBT 9040 9040 17020171 14087972 1986336 945863 1378013 1473467 1678943 1964433 91936 173323 3128035 2370298 734261 678319 2098701 2066963 53285 31738 101695964 95739082 126674657 142434358 235435094 244865018 323397 194728 187552 111277 636338 415520 1147287 721525 X 232106031 241719615 2181776 2423878 234287807 244143493 235435094 244865018 X -5281067 15049051 87702 X 0 1 X 1 0 X 6281337 3501708 4031355 3819409 3647130 21280939 347305 359565 368562 372062 375934 1823428 6628642 3861273 4399917 4191471 4023064 23104367 3400704 19703663 3533087 4295693 2732112 4046649 4280355 18887896 414642 256737 22251 693630 4816 6 6481 52 330818 342173 43028066 0.45790 0.46230 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2131776 7000 207773 98671 2247878 2091204 17000 115397 91825 2131776 2386613 7400 -216520 86289 2091204 2155908 61000 254868 85163 2386613 1917804 105000 222437 89333 2155908 0.94000 0.06000 0 0 319691 288717 30974 1779010 1778246 764 31738 REAL ESTATE FUNDS 7193656 F HEDGE FUNDS 24279461 F PRIVATE EQUITY FUNDS 87223041 F PRIVATE DEBT FUNDS 23738200 F 142434358 OTHER LIABILITIES 105375 ACCRUED COMPENSATION 310145 415520 X 27192190 15049051 375934 181157 15606142 11586048 153056 153056 11739104 17336504 375934 93455 469389 16867115 153056 153056 17020171 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 EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS; AND THERE ARE CURRENTLY NO AUDITS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 181,157. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHARITY BALL EVENT EXPENSES 181,157. RETURNED GRANTS -87,702. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 14392056 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 9980513 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 2578617 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 681956 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 229921 EAST ASIA & THE PACIFIC 0 0 GRANTMAKING 129505 0 0 0 0 0 0 27992568 0 27992568 AF BASE CHILDCARE EAST ASIA AND THE PACIFIC 81 18940 ACH, CHECK, AND ZELLE AF BASE CHILDCARE EUROPE (INCLUDING ICELAND AND GREENLAND) 88 20330 ACH, CHECK, AND ZELLE AF BASE EDUCATIONAL PROGRAMS EAST ASIA AND THE PACIFIC 5 9994 ACH, CHECK, AND ZELLE AF BASE EDUCATIONAL PROGRAMS EUROPE (INCLUDING ICELAND AND GREENLAND) 2 5000 ACH, CHECK, AND ZELLE BUNDLES FOR BABIES SEMINAR EAST ASIA AND THE PACIFIC 91 8480 ACH, CHECK, AND ZELLE BUNDLES FOR BABIES SEMINAR EUROPE (INCLUDING ICELAND AND GREENLAND) 214 19640 ACH, CHECK, AND ZELLE CAR MAINTENANCE/OIL CHANGE EAST ASIA AND THE PACIFIC 3 2120 ACH, CHECK, AND ZELLE CAR MAINTENANCE/OIL CHANGE EUROPE (INCLUDING ICELAND AND GREENLAND) 5 2409 ACH, CHECK, AND ZELLE EDUCATION GRANTS FOR COLLEGE EAST ASIA AND THE PACIFIC 14 46150 ACH, CHECK, AND ZELLE EDUCATION GRANTS FOR COLLEGE EUROPE (INCLUDING ICELAND AND GREENLAND) 46 128300 ACH, CHECK, AND ZELLE EMERGENCY FINANCIAL ASSISTANCE EAST ASIA AND THE PACIFIC 51 43822 ACH, CHECK, AND ZELLE EMERGENCY FINANCIAL ASSISTANCE EUROPE (INCLUDING ICELAND AND GREENLAND) 59 54242 ACH, CHECK, AND ZELLE 0 0 0 1 1 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 I, LINE 3: THE SOCIETY REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS ON ACCRUAL BASIS. CHARITY BALL 700261 700261 46550 93311 6129 35167 700261 700261 46550 93311 6129 35167 181157 -181157 1 MERCY MEDICAL ANGELS 4620 HAYGOOD ROAD SUITE 3 VIRGINIA BEACH VA 23455 521374161 501(C)(3) 100000 0 TO SUPPORT THE MEDICAL TRANSPORT FOR AIR FORCE AND SPACE FORCE MEMBERS AND FAMILIES. AIR FORCE WOUNDED WARRIOR PROGRAM 501 C STREET RANDOLPH AFB TX 78150 GOVT ENTITY 22827 0 SPONSORSHIP SUPPORT AND RECOGNITION BETWEEN THE AIR FORCE MORALE, WELFARE AND RECREATION (AF MWR) FUND, A NONAPPROPRIATED FUND INSTRUMENTALITY (NAFI) OF THE AIR FORCE 2 0 AF BASE CHILDCARE SERVICES 744 177954 AF BASE EDUCATIONAL CLASSES 90 159357 BUNDLES FOR BABIES SEMINAR 1325 125980 CAR MAINTENACE ASSISTANCE 195 114845 EDUCATIONAL GRANTS FOR COLLEGE 1230 3540993 EMERGENCY FINANCIAL ASSISTANCE 7275 5952508 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 1 0 0 0 0 0 0 1 0 EDWARD THOMAS JR CHIEF EXECUTIVE OFFICER 233435 0 60000 0 1100 0 27408 0 2232 0 324175 0 0 0 JESSICA BURRIS CHIEF FINANCIAL OFFICER 207273 0 46285 0 1100 0 22680 0 7537 0 284875 0 0 0 KRISTINA L MCBRIDE CHIEF OPERATING OFFICER 199411 0 19929 0 1100 0 19134 0 1791 0 241365 0 0 0 DIANA FAZYLOVA CONTROLLER 151637 0 23469 0 1100 0 15767 0 6230 0 198203 0 0 0 BEATRIZ SWANN OPERATIONS DIRECTOR 153575 0 10973 0 3872 0 14874 0 3852 0 187146 0 0 0 STEVAN MILLER CHIEF DEVELOPMENT OFFICER 142580 0 16000 0 1100 0 14269 0 1998 0 175947 0 0 0 PART I, LINE 1A THE SOCIETY PROVIDES A TAXABLE MONTHLY ALLOWANCE OF $41.67 (EQUIVALENT TO $500 ANNUALLY) TO ALL EMPLOYEES TO SUPPORT EXPENSES RELATED TO FITNESS ACTIVITIES OR FITNESS EQUIPMENT. PART I, LINE 4A NYVIA N. AYALA RECEIVED A SEVERANCE PAYMENT OF $38,102 DURING 2024 TAX YEAR. PART I, LINE 7 INDIVIDUALS LISTED ON PART VII RECEIVED NON-FIXED DISCRETIONARY BONUSES FOR THE YEAR ENDED DECEMBER 31, 2024. FORM 990, PART VI, SECTION A, LINE 2 GEN. B. CHANCE SALZMAN, JENNIFER SALZMAN: FAMILY RELATIONSHIP GEN. DAVID W. ALLVIN & GINA ALLVIN: FAMILY RELATIONSHIP CMSSF JOHN BENTIVEGNA & CATHY BENTIVENGNA: FAMILY RELATIONSHIP DAVID FLOSI & KATI FLOSI: FAMILY RELATIONSHIP RAHN BASS & JOANNE S. BASS: FAMILY RELATIONSHIP 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 AT WWW.AFAS.ORG. GOVERNANCE DOCUMENTS AND THE CONFLICT-OF-INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RETURNED GRANTS 87,702.