Airmen Memorial Foundation Inc
- Assets
- $1.6m
- Revenue
- $66.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Suitland, MD
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 52-1323592
Organization Overview
Airmen Memorial Foundation Inc is located in Suitland, MD. The organization was established in 1984. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Airmen Memorial Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Airmen Memorial Foundation Inc generated $66.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $171.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL AND CHARITABLE ASSISTANCE, AS WELL AS SCHOLARSHIPS TO AIR FORCE ENLISTED
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPPROVIDE FINANCIAL ASSISTANCE FOR AIR FORCE ENLISTED PERSONNEL THIS INVOLVED 28 SCHOLARSHIPS WITH A TOTAL OF $40,000 IN DISBURSEMENTS
EDUCATIONPROVIDES EDUCATIONAL ASSISTANCE FOR AIR FORCE ENLISTED PERSONNEL AND THEIR DEPENDENTS. SERVICES WERE PROVIDED TO 315 USAF/ANG/AFRC LOCATIONS
FINANCIAL ASSISTANCEPROVIDE FINANCIAL ASSISTANCE TO RELATED ORGANIZATIONS TO FOSTER THE STUDY OF THE HISTORY OF ENLISTED AIRMEN. TO ALSO PROVIDE FINANCIAL ASSISTANCE FOR AIR FORCE PERSONNEL AND THEIR DEPENDENTS WHO ARE SUFFERING UNDO HARDSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juanita Weems Treasurer | OfficerTrustee | 1 | $0 |
Francis H Dong Chairman | OfficerTrustee | 1 | $0 |
Keith Reed Presidentsecretary | OfficerTrustee | 1 | $0 |
Barbara J Millis Trustee | Trustee | 1 | $0 |
Sam E Parish Trustee | Trustee | 1 | $0 |
Robert Gaylor Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,804 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,804 |
| Total Program Service Revenue | $0 |
| Investment income | $25,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,951 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,283 |
| Insurance | $0 |
| All other expenses | $2,410 |
| Total functional expenses | $171,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,649 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,441 |
| Accounts receivable, net | $7,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,480 |
| Net Land, buildings, and equipment | $16,229 |
| Investments—publicly traded securities | $1,059,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,593,181 |
| Accounts payable and accrued expenses | $23,400 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,400 |
| Net assets without donor restrictions | $540,834 |
| Net assets with donor restrictions | $1,028,947 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,593,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |