2015-05-14T11:02:51-05:00 2014-06-30 BKD LLP 111 South Tejon Suite 800 Colorado Springs CO 809039848 990 2013-07-01 454331061 Air Force Academy Athletic Corporation % REBECCA CHAMBON DIR OF BUS AIRF 7193334521 PO BOX 89 Suite USAFA CO 80840 MILES MATHIEU CFO 7193334527 2015-05-11 true Rita F Worster CPA P00290681 7193334527 2013 2016-02-25 16:41:14Z NANCY HIXSON 2168 FIELD HOUSE DRIVE COLORADO SPRINGS CO 80840 24189606 false X WWW.GOAIRFORCEFALCONS.COM X 2010 CO Assist the USAFA in the development, funding operation and mgmt of its athletic programs to build future leaders of character by providing a realisitic leadership experience. 9 6 118 35000 0 12371752 1050796 6496766 0 871 0 3431979 1050796 22301368 0 0 0 0 66045 9385838 0 0 537559 93834 8474993 159879 17860831 890917 4440537 1452342 10187068 73776 4408447 1378566 5778621 (A)ASSIST THE U.S. AIR FORCE ACADEMY IN THE DEVELOPMENT, FUNDING, OPERATION, AND MANAGEMENT OF ITS ATHLETIC PROGRAM THAT IS IN DIRECT SUPPORT OF THE ACADEMY ATHLETIC DEPARTMENT'S MISSION TO BUILD FUTURE AIR FORCE LEADERS OF CHARACTER BY PROVIDING A REALISTIC LEADERSHIP EXPERIENCE IN A MENTALLY AND PHYSICALLY CHALLENGING ENVIRONMENT; (B)RAISE FUNDS THROUGH ADMISSION TICKET, CONCESSION ITEM, AND APPAREL SALES; LICENSING TRADEMARKS, COMMERCIAL SPONSORSHIPS AND PARTNERSHIPS, RADIO AND TELEVISION RIGHTS REVENUE, ACCEPTING GIFTS AND OTHER MEANS WHICH ARE GENERALLY ACCEPTED AND CUSTOMARY FOR AN INTERCOLLEGIATE SPORTS PROGRAM AND USE THOSE FUNDS IN SUPPORT OF THE PURPOSES OF THIS CHARTER; (C)ASSIST IN THE PREPARATION AND MOTIVATION OF CADETS FOR A LIFETIME OF SERVICE THROUGH PHYSICALLY AND MENTALLY CHALLENGING PHYSICAL EDUCATION, FITNESS TRAINING AND TESTING, AND INTRAMURAL AND INTERCOLLEGIATE ATHLETIC PROGRAMS; AND (D)PROMOTE THE ACADEMY AND THE AIR FORCE TO THE NATION THROUGH ATHLETICS. false false 16282102 6663658 To provide young athletes an environment that teaches athletic skills, builds character, encourages and values team play, demands respect, and promotes good sportsmanship. 16282102 true true false false false false false false false false true true false false true true true false false false false false false false false false false false false true false false false false false false false false true false false false false true false false false true 240 0 true 118 true true true false false false false true true false false false false X 9 6 false false false false false true true true true false false true true true true false false false false false X REBECCA CHAMBON DIR OF BUS 7193334521 2168 FIELD HOUSE DRIVE USAFA CO 80840 X ALONZO C BABERS DIRECTOR 1.0 X 0 0 EILEEN M COLLINS DIRECTOR 1.0 X 0 0 CHARLES H COOLIDGE JR SECRETARY 1.0 X X 0 0 THEOPHILUS GREGORY VICE CHAIRMAN 1.0 X X 0 0 JOHN G LORBER CHAIRMAN 1.0 X X 0 0 ALLAN MCARTOR DIRECTOR 1.0 X 0 0 HANS J MUEH DIRECTOR 1.0 X 0 0 HARVEY W SCHILLER DIRECTOR 1.0 X 0 0 MARILYN M THOMAS DIRECTOR 1.0 X 0 0 DERMOT J COLL CEO 55.0 X 118456 0 15386 NANCY C HIXSON COO 55.0 X 93457 18118 MILES MATHIEU CFO 55.0 X 0 0 TROY CALHOUN HEAD FOOTBALL COACH 60.0 X 447572 -130753 DAVID PILIPOVICH Head's Men's Basketball Coach 60.0 X 160056 17328 FRANK SERRATORE Head Hockey Coach 60.0 X 111165 17446 CLAYTON HENDRIX ASST. FOOTBALL COACH 60.0 X 109422 26759 STEVEN RUSS ASST. FOOTBALL COACH 60.0 X 105523 26287 CHARLTON WARREN ASST. FOOTBALL COACH 60.0 X 110961 20186 1256612 0 10757 8 false true false DELOITTE CONSULTING LLP 1919 NORTH LYNN STREET ARLINGTON VA 22209 ACCOUNTING SERVICES 169180 1 8448579 3923173 1422166 12371752 PROGRAM SERVICE FEES 711210 859674 859674 TICKET SALES AND ADMISSIONS 711210 5540885 5540885 GAME DAY SEAT RENTALS 711210 96207 96207 6496766 871 871 0 1167074 1167074 0 0 0 0 0 0 3943806 1888238 2055568 2055568 MISCELLANEOUS REVENUE 900099 174337 166892 7445 ADVERTISING TRADE REVENUE 900099 35000 35000 209337 22301368 6663658 35000 3230958 0 0 0 0 1221678 1112898 68335 40445 0 6505884 5931895 361603 212386 344521 317518 16374 10629 780116 682553 59665 37898 533639 482930 32185 18524 0 28275 28275 239155 182881 56274 0 0 0 84375 77526 0 6849 748561 748561 1779587 1541057 127579 110951 384619 285147 97705 1767 0 308489 288471 13040 6978 649394 497862 129121 22411 0 0 0 0 106147 71217 34930 72754 55497 11701 5556 UNIFORMS/EQUIPMENT 1901313 1901313 0 0 CAMPUS VISITS 346327 345882 252 193 RECRUITING 407619 407299 320 GAME EXPENSE 557730 557543 187 0 860648 765777 32219 62652 17860831 16282102 1041170 537559 1415436 5672833 0 2199806 0 107125 0 488314 0 0 0 0 0 0 0 734344 7289 37342 410268 106147 29617 304121 0 0 0 643183 0 0 0 0 0 0 1452342 10187068 73776 1489877 0 0 0 1807777 0 0 0 0 0 0 0 0 0 0 0 1110793 73776 4408447 X 1378566 -43431 0 5822052 0 0 1378566 5778621 1452342 10187068 X 4440537 -1303 -39179 X false true X true true true X 0 0 500000 0 12371752 12871752 0 0 0 0 500000 0 12371752 12871752 0 12871752 1050796 1168816 2219612 0 0 0 0 0 4110698 4110698 19202062 6663658 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 233685 42296 191389 176583 63851 112732 304121 DEFERRED ANNUITY CONTRACT 643183 643183 0 DEFERRED BENEFIT PAYABLE 1110793 1110793 23059962 -1303 159144 600753 758594 22301368 22301368 18659907 159144 639932 799076 17860831 17860831 Schedule D, Part X, Line 2 The AFAAC is a not-for-profit organization as described in Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes on related income. Uncertain tax provisions, if any, are recorded in accordance with accounting guidance for income taxes, which requires the recognition of a liability for tax provisions taken that do not meet the more-likely-than-not standard that the position will be sustained upon examination by the taxing authorities. There is no liability for uncertain tax positions recorded at June 30, 2014. The AFAAC is subject to U.S. federal, state and local income tax examinations by tax authorities for all years in which the AFAAC has been in existence. Form 990, Part XI, Line 2D Change in value of longterm liablity defined benefit plan - ($39,179) Donated Rent offset against rental income - $639,932 Form 990, Part XII, Line 2D Donated Rent offset against total expense - $639,932 X true true X X X false true false false false false false false false TROY CALHOUN HEAD FOOTBALL COACH 442932 0 4640 -141141 10388 316819 0 DAVID PILIPOVICH Head's Men's Basketball Coach 158557 0 1499 8125 9203 177384 0 Form 990, Schedule J, Line 1 The head football coach, head men's basketball coach, head hockey coach, and a few of the assistant football coaches had spousal travel upon which the fair market value of the travel expense was added to their taxable income for the year ended 6/30/2014. Schedule J, Line 4b Coach Calhoun received a 457(f) contribution of $12,617.79 for 2013. The agreement is that AFAAC will contribute 5% of Coach Calhoun's annual base salary to a 457(f) non-qualified executive benefit plan. Coach Calhoun, upon 10 years of service, is eligible for a defined retirement benefit pension. The retirement pension will be paid to the employee on a semi-monthly basis during his lifetime. Monthly retirement pension payments will be based on the number of completed years of service. Coach Calhoun will qualify for the defined retirement pension plan after the 2016 year. The negative compensation amount reported on the Form 990, Part VII, Column F and Schedule J, Part II, Column C for Coach Calhoun is due to the change in the value of the actuarial calculation of his defined benefit plan from June 30, 2013 to June 30, 2014. Coach Pilipovich may elect to participate in a 457(f) non-qualified retirement plan. AFAAC did not contribute an amount to a 457(f) plan for 2013. X Food 3 74600 FMV X Equipment 1 488876 FMV X Postage 1 15529 FMV X Team Store Inventory 1 843161 FMV false false false FORM 990, PART VI, LINE 11B THE FORM 990 IS BEING PREPARED BY A THIRD PARTY PREPARER, WITH AN INITIAL REVIEW OF THE FORM 990 BEING COMPLETED BY THE BUSINESS MANAGER, CFO AND CEO OF THE ORGANIZATION. NEXT, A FINAL COPY OF THE FORM 990 WAS SENT TO THE ENTIRE BOARD AFTER PRESENTATION OF THE FORM 990 TO THE AUDIT COMMITTEE PRIOR TO THE RETURN BEING FILED WITH THE IRS. FORM 990, PART VI, LINE 12C The AFAAC has a written conflict of interest policy in its Bylaws stating that no board member, Committee member, Officer, agent, or employee of AFAAC may participate in any manner, directly or indirectly, in the deliberation upon or the determination of any question affecting his or her pecuniary or personal interest or the pecuniary interest of any corporation, partnership, or corporation (other than AFAAC) in which he or she is directly or indirectly interested. In the event of the disqualification of any Board member respecting any matter presented to the Board for deliberation or determination, that Board member must withdraw from the deliberation or determination; and if the remaining qualified Board members present at the meeting, plus the disqualified Board member or Board members constitute a quorum, the remaining qualified Board members, may exercise with respect to this matter, by majority vote, all the powers of the Board. In the event of the disqualification of any member of the Audit Committee, that Committee member must withdraw from the deliberation or determination. Participation by government employees in the oversight of AFAAC is authorized to protect the interests of the United States Air Force. Participation by government employees on the Board of Directors or in oversight roles is not generally a conflict of interest by virtue of their Federal employment, unless, in a particular matter, participation by a government employee creates a direct conflict with his or her own financial interests. Except for the exchange and acceptance of gifts of minimal intrinsic value between individuals, no Board member or individual supporting the corporation may accept personal gifts as a result of their participation in activities of the corporation. Beginning in fiscal year 2015, all officers, board of directors and key employees of the organization (identified by management) will be required to annually sign a conflict of interest agreement. FORM 990, PART VI, LINE 15A The AFAAC has written employment contracts with its highest paid employees for services such as coaching, recruiting and athletic administration support. The Bylaws state that board members shall receive no monetary compensation for their Board duties other than reimbursement for Board related expenses. As of the filing of this return, the CEO's compensation is reviewed annually by the board of directors. The board will purchase comparability data or engage a firm to assess comparable compensation for this position and vote on the new compensation agreement. The agreement will be documented in the board minutes in a timely manner after the new arrangement is agreed upon. The CEO will recuse them self from the process to ensure the process is free from any conflicts of interest. FORM 990, PART VI, LINE 15B The AFAAC has written employment contracts with its highest paid employees for services such as coaching, recruiting and athletic administration support. The AFAAC has written employment contracts with all coaches in football and select coaches in men's and women's basketball, volleyball, hockey and selected key leadership positions. Terms will be negotiated using current fair market value and standard contracts for similar positions at other NCAA institutions as a guide. Fair market value will be determined by consulting current Division I salaries at other institutions throughout the conference and the NCAA. These salaries are published annually by the Division IA Athletic Director's Association as well as the Mountain West Conference. FORM 990, PART VI, LINE 19 AIR FORCE ACADEMY ATHLETIC CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS (INCLUDING ITS ANNUAL FORM 990) AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS, AS REQUIRED UNDER THE SINGLE AUDIT ACT FOR GOVERNMENT GRANTS RECIPIENTS, ARE AVAILABLE AT THE ORGANIZATION'S WEB SITE. FORM 990, PART VI, LINE 7A The Secretary of the Air Force (hereinafter "SECAF"), or his or her designee, will appoint eight of the nine members of the Board. The SECAF, or his or her designee, retains the right to remove a member from the Board with or without cause. By majority vote, the Audit Committee may recommend to the Board and/or the SECAF the suspension of any Board member or Board Officer. In the event of any such action, the Audit Committee shall fully document the reasons for a suspension along with recommendations for corrective action, which may include removal and replacement of the Board member or Board Officer. FORM 990, PART VI, LINE 7B The Bylaws, and any additions or amendments to these Bylaws or the Articles of Incorporation, must be approved by the SECAF or his or her designee, in writing before becoming effective. FORM 990, PART VI, LINES 13 & 14 Air Force Academy Athletic Corporation did not have an adopted whistleblower or documentation retention and destruction policy as of June 30, 2014. However, these policies were approved and implemented as of Febraury 17, 2015. This question will be marked "Yes" on returns moving forward. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS - Change if value of longterm liablity defined benefit plan - ($39,179) United States Air Force 1690 Air Force Pentago Washington DC 20330 Military AA Government N/A false US Air Force Academy 4102 Pinion Drive COLORADO SPRINGS CO 80840 Military AA Government US Air Force false false false true false false false false false false false false false true false false false false false