Association Of Graduates Of The Usafa

Organization Overview

Association Of Graduates Of The Usafa is located in USAF Academy, CO. The organization was established in 1968. As of 12/2021, Association Of Graduates Of The Usafa employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Graduates Of The Usafa 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, Association Of Graduates Of The Usafa generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Association Of Graduates Of The Usafa has awarded 36 individual grants totaling $27,191,052. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO WORK IN SUPPORT OF THE AIR FORCE, THE U.S. AIR FORCE ACADEMY & ITS GRADUATES TO RAISE FUNDS & DEVELOP ACADEMY, CADET & GRADUATE PROGRAMS THAT WOULD OTHERWISE NOT BE FUNDED.

Describe the Organization's Program Activity:

ACADEMY AND OTHER SERVICES - FUNDS UTILIZED FOR PROJECTS THAT DIRECTLY SUPPORT THE ACADEMY, CADET WING OR ALUMNI.


MEMBER SERVICES - FUNDS UTILIZED TO MAINTAIN INFORMATION ON GRADUATES AND TO PROVIDE NETWORKING OPPORTUNITIES AMONG GRADUATES AND SUPPORTERS.


COST OF PUBLICATIONS - FUNDS UTILIZED FOR PUBLICATION AND DISTRIBUTION OF THE ALUMNI MAGAZINE CHECKPOINTS, THE REGISTER OF GRADUATES AND VAROUS OTHER ALUMNI AND ACADEMY RELATED PUBLICATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Gould Mike
CEO
$300,000
Marcolongo Martin
President
$179,541
Grubbs Corrie
Sr VP Operations
$125,934
Harwig Jennifer
CFO
$100,121
Bergeman Michele
VP Integration & Assessments
$69,077
Walkewicz Naviere
SVP Alumi Relations & Bus Dev
$45,991

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Publication Printers
Magazine Printing
$179,146
James Nance Sculpture Studios
Bronze Sculptures
$396,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$8,885,996
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$756,727
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,642,723
Total Program Service Revenue$840,307
Investment income $763,549
Tax Exempt Bond Proceeds $0
Royalties $112,472
Net Rental Income $24,128
Net Gain/Loss on Asset Sales $3,242,708
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $306,146
Miscellaneous Revenue$0
Total Revenue $16,073,462

Grants Awarded

Over the last fiscal year, Association Of Graduates Of The Usafa has awarded $1,765,764 in support to 4 organizations.

Grant RecipientAmount

AIR FORCE ACADEMY FOUNDATION

PURPOSE: Support Foundation Projects

$1,355,224

UNITED STATES AIR FORCE ACADEMY

PURPOSE: To provide support

$317,082

AIR FORCE INSTITUTE OF TECHNOLOGY

PURPOSE: Endowed scholarships for graduating Air Force Academy cadets.

$62,971

FALCON FOUNDATION

Org PageRecipient Profile

USAF Academy, CO

PURPOSE: To provide private funding to the USAFA to help accomplish its mission of providing an extra margin of excellence for cadets.

$30,487
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Association Of Graduates Of The Usafa has recieved totaling $3,954,379.

Awarding OrganizationAmount
Dorothy D & Joseph A Moller

Hillsdale, MI

PURPOSE: GENERAL SUPPORT

$3,078,350
Air Force Academy Foundation

USAF Academy, CO

PURPOSE: See Part IV

$868,491
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$7,141
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$397
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$11,793,224
Earnings$1,407,585
Net Contributions$101,150
Other Expense$346,687
Ending Balance$12,955,272

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