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Nonprofiteer
← AIR & SPACE FORCES AID SOCIETY INC

Form 990 for tax year 2024

Filed by AIR & SPACE FORCES AID SOCIETY INC.

Totals

Total revenue
$11,739,104
Total expenses
$17,020,171
Contributions and grants received
$3,647,130
Grants paid
$10,554,501
Program service revenue
$0
Investment income
$7,942,313
Other revenue
$149,661
Total assets, end of year
$244,865,018
Total liabilities, end of year
$721,525
Net assets or fund balances, end of year
$244,143,493
Program services expenses (Part IX)
$14,087,972
Management and general expenses
$1,986,336
Fundraising expenses
$945,863
Program service expenses (Part III)
$14,087,972

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $631,119

  • 1c · Fundraising events

    $700,261

  • 1f · All other contributions, gifts and grants

    $2,315,750

  • 3 · Investment income

    total $4,280,355 · unrelated business $151,714 · excluded $4,128,641

  • 7a · Gross sales of assets other than inventory

    securities $45,681,542

  • 7b · Less cost or other basis and sales expenses

    securities $42,019,584

  • 7c · Gain or loss

    securities $3,661,958

  • 7d · Net gain or loss

    total $3,661,958 · excluded $3,661,958

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $700,261

  • 8b · Fundraising events: direct expenses

    $181,157

  • 8c · Net income from fundraising events

    total -$181,157 · excluded -$181,157

  • 11a · Other revenue: OTHER REVENUE

    total $330,818 · excluded $330,818

  • 11e · Other revenue, total

    $330,818

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $123,438 · program services $123,438

  • 2 · Grants to domestic individuals

    total $10,071,637 · program services $10,071,637

  • 3 · Grants to foreign organizations and individuals

    total $359,426 · program services $359,426

  • 5 · Compensation of officers, directors and key employees

    total $1,298,601 · program services $785,327 · management and general $337,359 · fundraising $175,915

  • 7 · Other salaries and wages

    total $2,303,844 · program services $1,316,430 · management and general $688,400 · fundraising $299,014

  • 8 · Pension plan contributions

    total $203,582 · program services $124,038 · management and general $56,721 · fundraising $22,823

  • 9 · Other employee benefits

    total $612,436 · program services $446,176 · management and general $67,460 · fundraising $98,800

  • 10 · Payroll taxes

    total $270,892 · program services $163,908 · management and general $68,289 · fundraising $38,695

  • 11b · Fees: legal

    total $65,702 · management and general $65,702

  • 11c · Fees: accounting

    total $72,566 · management and general $72,566

  • 11f · Fees: investment management

    total $153,056 · management and general $153,056

  • 11g · Fees: other

    total $383,663 · program services $180,652 · management and general $109,228 · fundraising $93,783

  • 12 · Advertising and promotion

    total $57,570 · program services $6,039 · management and general $8,706 · fundraising $42,825

  • 13 · Office expenses

    total $121,855 · program services $41,009 · management and general $32,711 · fundraising $48,135

  • 14 · Information technology

    total $232,528 · program services $115,809 · management and general $88,031 · fundraising $28,688

  • 17 · Travel

    total $36,843 · program services $21,039 · management and general $13,359 · fundraising $2,445

  • 22 · Depreciation, depletion and amortization

    total $193,964 · program services $107,650 · management and general $64,590 · fundraising $21,724

  • 23 · Insurance

    total $24,045 · program services $13,345 · management and general $8,007 · fundraising $2,693

  • 24a · Other expenses: MISCELLANEOUS

    total $368,609 · program services $191,474 · management and general $142,514 · fundraising $34,621

  • 24b · Other expenses: FUNDRAISING

    total $44,501 · program services $4,801 · management and general $5,392 · fundraising $34,308

  • 24c · Other expenses: MAINTENANCE AGREEMENTS/

    total $12,373 · program services $6,734 · management and general $4,245 · fundraising $1,394

  • 24d · Other expenses: BAD DEBT

    total $9,040 · program services $9,040

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,378,013 · end of year $1,473,467

  • 2 · Savings and temporary cash investments

    beginning of year $1,678,943 · end of year $1,964,433

  • 3 · Pledges and grants receivable

    beginning of year $91,936 · end of year $173,323

  • 7 · Other notes and loans receivable

    beginning of year $3,128,035 · end of year $2,370,298

  • 9 · Prepaid expenses and deferred charges

    beginning of year $734,261 · end of year $678,319

  • 10a · Land, buildings and equipment: cost or other basis

    $2,098,701

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,066,963

  • 10c · Land, buildings and equipment, net

    beginning of year $53,285 · end of year $31,738

  • 11 · Investments: publicly traded securities

    beginning of year $101,695,964 · end of year $95,739,082

  • 12 · Investments: other securities

    beginning of year $126,674,657 · end of year $142,434,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $323,397 · end of year $194,728

  • 19 · Deferred revenue

    beginning of year $187,552 · end of year $111,277

  • 25 · Other liabilities

    beginning of year $636,338 · end of year $415,520

  • 27 · Net assets without donor restrictions

    beginning of year $232,106,031 · end of year $241,719,615

  • 28 · Net assets with donor restrictions

    beginning of year $2,181,776 · end of year $2,423,878

Mission and programs · 2024

Mission

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.

Activities or mission (Part I)

TO SUPPORT U.S. AIR FORCE AND U.S. SPACE FORCE FAMILIES WHEN THEY NEED US MOST.

  • 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.

    Expenses $7,950,713 · Grants $6,160,907

  • 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.

    Expenses $4,135,211 · Grants $3,715,443

  • 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.

    Expenses $2,002,048 · Grants $678,151

As filed on the 2024 return.

Listed in Part VII

  • JAMES C REAGAN

    PRESIDENT AND TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN K BARCHICK

    VICE PRESIDENT AND TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEN DAVID W ALLVIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GINA ALLVIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOANNE S BASS

    TRUSTEE UNTIL 03/2024

    Total calculated
    $0
    Hours/week
    1

  • RAHN BASS

    TRUSTEE UNTIL 03/2024

    Total calculated
    $0
    Hours/week
    1

  • CMSSF JOHN BENTIVEGNA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CATHY BENTIVEGNA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MG MARK A BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELI A COHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LTG JOHN DEGOES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CMSGT DANNY R DOUCETTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID FLOSI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATI FLOSI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MG MICHAEL A GREINER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HON ROBERT F HALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM W JENNINGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANK KENDALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEN MAILENDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LTG CAROLINE MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LTG CHARLES PLUMMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHERYL ROBERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEN B CHANCE SALTZMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER SALTZMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EDWARD THOMAS JR

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $324,175
    From this org
    $294,535
    From related orgs
    $0
    Other
    $29,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,435
    Bonus
    $60,000
    Other
    $1,100
    Deferred
    $27,408
    Nontaxable benefits
    $2,232
    Filer's total
    $324,175

  • JESSICA BURRIS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $284,875
    From this org
    $254,658
    From related orgs
    $0
    Other
    $30,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,273
    Bonus
    $46,285
    Other
    $1,100
    Deferred
    $22,680
    Nontaxable benefits
    $7,537
    Filer's total
    $284,875

  • KRISTINA L MCBRIDE

    CHIEF OPERATING OFFICER

    Total calculated
    $241,365
    From this org
    $220,440
    From related orgs
    $0
    Other
    $20,925
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,411
    Bonus
    $19,929
    Other
    $1,100
    Deferred
    $19,134
    Nontaxable benefits
    $1,791
    Filer's total
    $241,365

  • STEVAN MILLER

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $175,947
    From this org
    $159,680
    From related orgs
    $0
    Other
    $16,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,580
    Bonus
    $16,000
    Other
    $1,100
    Deferred
    $14,269
    Nontaxable benefits
    $1,998
    Filer's total
    $175,947

  • NYVIA N AYALA CHIEF

    HR OFFICER UNTIL 02/2024

    Total calculated
    $74,036
    From this org
    $63,594
    From related orgs
    $0
    Other
    $10,442
    Hours/week
    40

  • DIANA FAZYLOVA

    CONTROLLER

    Total calculated
    $198,203
    From this org
    $176,206
    From related orgs
    $0
    Other
    $21,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,637
    Bonus
    $23,469
    Other
    $1,100
    Deferred
    $15,767
    Nontaxable benefits
    $6,230
    Filer's total
    $198,203

  • LISA M DONALD

    LOAN MGMT SUPERVISOR

    Total calculated
    $127,056
    From this org
    $113,071
    From related orgs
    $0
    Other
    $13,985
    Hours/week
    40

  • BEATRIZ SWANN

    OPERATIONS DIRECTOR

    Total calculated
    $187,146
    From this org
    $168,420
    From related orgs
    $0
    Other
    $18,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,575
    Bonus
    $10,973
    Other
    $3,872
    Deferred
    $14,874
    Nontaxable benefits
    $3,852
    Filer's total
    $187,146

  • SARAH K MCNULTY

    EDUCATION PROGRAMS MANAGER

    Total calculated
    $124,337
    From this org
    $113,673
    From related orgs
    $0
    Other
    $10,664
    Hours/week
    40

  • MICHELLE GENTRY

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $149,466
    From this org
    $134,080
    From related orgs
    $0
    Other
    $15,386
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • MERCY MEDICAL ANGELS

    $100,000

    TO SUPPORT THE MEDICAL TRANSPORT FOR AIR FORCE AND SPACE FORCE MEMBERS AND FAMILIES.

  • AIR FORCE WOUNDED WARRIOR PROGRAM

    $22,827

    SPONSORSHIP SUPPORT AND RECOGNITION BETWEEN THE AIR FORCE MORALE, WELFARE AND RECREATION (AF MWR) FUND, A NONAPPROPRIATED FUND INSTRUMENTALITY (NAFI) OF THE AIR FORCE

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349310089

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