Air Force Association
- Assets
- $41.8m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 75
- Location
- Arlington, VA
- Founding
- 09/2009
- Data as of
- 12/2020
- EIN
- 52-6043929
Organization Overview
Air Force Association is located in Arlington, VA. The organization was established in 2009. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Air Force Association employed 75 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Air Force Association 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 12/2020, Air Force Association generated $19.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $14.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Air Force Association has awarded 13 individual grants totaling $1,250,560. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE DOMINANT U.S. AIR & SPACE FORCE, STRONG NATIONAL DEFENSE, HONOR AIRMEN & OUR HERITAGE.
Describe the Organization's Program Activity:
CONFERENCE, SYMPOSIUM, EVENT:AFA HOSTS MAJOR NATIONAL EVENTS TO FACILITATE ETHICAL DIALOG AMONG SENIOR GOVERNMENT AND MILITARY OFFICIALS, AEROSPACE AND OTHER INDUSTRY LEADERS, AIRMEN, SPACE PROFESSIONALS, MEDIA REPRESENTATIVES, EDUCATORS, AND INTERESTED MEMBERS OF THE PUBLIC AND TO PROMOTE INNOVATION, EDUCATION, AND PROFESSIONAL DEVELOPMENT. AFA'S AIR SPACE & CYBER CONFERENCE IS OUR LARGEST ANNUAL EVENT, WHICH WAS HELD VIRTUALLY THIS YEAR DUE TO COVID-19, WITH OVER 10,000 REGISTRANTS.
AIR FORCE MAGAZINE:AFA'S AIR FORCE MAGAZINE (WWW.AIRFORCEMAG.COM) AND ITS DAILY REPORT E-MAIL NEWSLETTER REPORT ON NEWS, TRENDS, TECHNOLOGY, AND DEVELOPMENTS IN THE US AIR FORCE, AIRPOWER, AND NATIONAL SECURITY. THE ANNUAL AIR FORCE MAGAZINE USAF ALMANAC FEATURES A COMPREHENSIVE COMPENDIUM OF AIR FORCE STATISTICS, HISTORICAL BUDGET AND PERSONNEL DATA, MAPS AND PROFILES OF EVERY AIRCRAFT AND WEAPON SYSTEM IN THE INVENTORY.
THE MITCHELL INSTITUTE FOR AEROSPACE STUDIES:THE MITCHELL INSTITUTE FOR AEROSPACE STUDIES HARNESSES SEASONED TALENT TO POSITIVELY INFLUENCE THE NATIONAL SECURITY DEBATE BY COGENTLY ARTICULATING HOW THE DOMAINS OF AIR, SPACE, AND CYBER CAN PRUDENTLY ADVANCE THE NATION'S INTERESTS WITHOUT PROJECTING UNDUE LIABILITY AND VULNERABILITY. PRODUCTS INCLUDE SCHOLARLY REPORTS, BRIEFINGS AND VARIOUS OP-EDS TO HELP DEFENSE POLICY PRACTITIONERS, POLICY EXPERTS, AIRPOWER ENTHUSIASTS AND THE GENERAL PUBLIC BETTER UNDERSTAND SPECIFIC TOPICS OF INTEREST.RESTRICTED MITCHELL INSTITUTE CONTRIBUTIONS TOTALED $3,273,906. THESE CONTRIBUTIONS ARE EXCLUDED FROM PART III REVENUE BUT WERE USED TO EXECUTE PROGRAM OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce A Wright President | Officer | 35 | $503,652 |
David Deptula Dean, Mitchell Institute | 40 | $459,971 | |
Douglas Raaberg Executive VP | Officer | 35 | $285,849 |
Bernard Skoch Commissioner, Cyberpatriot | 40 | $257,509 | |
Mark Gunzinger Dir, Govern't Programs & Wargaming Mitchell | 40 | $215,771 | |
Doug Birkey Exec Dir, Mitchell Institute | 40 | $200,130 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Trade Productions Exhibit Booth Sales | 12/30/20 | $255,201 |
Cias Competition Software Production | 12/30/20 | $223,769 |
Directmailcom Fundraising & Membership Mailing | 12/30/20 | $330,826 |
Lsc Communications Magazine Print/distribution | 12/30/20 | $346,062 |
Adobe Systems Incorporated Website Support | 12/30/20 | $206,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,240 |
| Membership dues | $250,910 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $640,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,286,858 |
| Noncash contributions included in lines 1a–1f | $5,218 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,198,714 |
| Total Program Service Revenue | $6,832,710 |
| Investment income | $469,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $967,980 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,348,216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,163,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,616 |
| Grants and other assistance to domestic individuals. | $317,508 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,141,191 |
| Compensation of current officers, directors, key employees. | $229,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,186,918 |
| Pension plan accruals and contributions | $470,038 |
| Other employee benefits | $337,342 |
| Payroll taxes | $460,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,503 |
| Fees for services: Accounting | $59,699 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $216,508 |
| Fees for services: Investment Management | $88,404 |
| Fees for services: Other | $1,048,877 |
| Advertising and promotion | $40,042 |
| Office expenses | $1,120,367 |
| Information technology | $705,568 |
| Royalties | $0 |
| Occupancy | $358,561 |
| Travel | $140,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $747,059 |
| Interest | $3,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,455 |
| Insurance | $238,888 |
| All other expenses | $70,487 |
| Total functional expenses | $14,719,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,982,181 |
| Savings and temporary cash investments | $335,066 |
| Pledges and grants receivable | $703,328 |
| Accounts receivable, net | $130,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,377 |
| Prepaid expenses and deferred charges | $290,187 |
| Net Land, buildings, and equipment | $880,587 |
| Investments—publicly traded securities | $34,418,391 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,890 |
| Total assets | $41,846,008 |
| Accounts payable and accrued expenses | $1,875,483 |
| Grants payable | $0 |
| Deferred revenue | $8,470,434 |
| 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 | $3,883,313 |
| Other liabilities | $9,621,474 |
| Total liabilities | $23,850,704 |
| Net assets without donor restrictions | $13,406,573 |
| Net assets with donor restrictions | $4,588,731 |
| 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 | $41,846,008 |
Grants Awarded
Over the last fiscal year, Air Force Association has awarded $1,019,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DEPARTMENT OF THE AIR FORCE PURPOSE: GRANT IN ACCORDANCE WITH THE PROGRAM PURPOSE OF THE AFMF | $1,000,000 |
Maxwell Afb, AL PURPOSE: PROVIDES GRANTS TO CIVIL AIR PATROL UNITS TO ENHANCE AEROSPACE EDUCATION | $12,500 |
Granite Bay, CA PURPOSE: FINANCIAL SUPPORT FOR AAS CONCLAVE (ANNUAL MEETING) | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Air Force Association has recieved totaling $86,555.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Nevada Reno, NV PURPOSE: Mitchell Institute for Aerospace Studies | $50,000 |
Shootout For Soldiers Inc Houston, TX PURPOSE: AID TO VETERANS | $13,891 |
National Cyber Scholarship Foundation Dallas, TX PURPOSE: SCHOLARSHIPS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,900 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,764 |
Endowment Analysis
| Beg. Balance | $1,929,792 |
| Earnings | $277,500 |
| Admin Expense | $43,767 |
| Net Contributions | $5,550 |
| Grants | $24,500 |
| Ending Balance | $2,144,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Entrepreneurs Organization Alexandria, VA | $61,864,158 | $33,696,911 |
American Council On Education Washington, DC | $87,315,703 | $34,913,177 |
Association For Supervision And Curriculum Development Arlington, VA | $74,879,436 | $26,629,493 |
Propane Education & Research Council Inc Washington, DC | $68,183,417 | $39,056,977 |
National Science Teaching Association Arlington, VA | $24,488,010 | $16,846,179 |
American Society Of Pension Professionals & Actuaries Inc Arlington, VA | $34,260,839 | $23,358,827 |
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
National Association Of Independent Schools Inc Washington, DC | $58,850,620 | $18,662,235 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |
American Association Of Colleges Of Nursing Washington, DC | $32,242,011 | $15,709,388 |
National Association For The Education Of Young Children Washington, DC | $62,448,452 | $19,211,047 |