Form 990 for tax year 2025
Filed by THE AFIT FOUNDATION AIR FORCE INSTITUTE OF TECHNOLOGY.
Totals
- Total revenue
- $209,121
- Total expenses
- $99,547
- Contributions and grants received
- $6,221
- Grants paid
- $0
- Program service revenue
- $1,480
- Investment income
- $201,420
- Other revenue
- $0
- Total assets, end of year
- $1,373,578
- Total liabilities, end of year
- $95
- Net assets or fund balances, end of year
- $1,373,483
- Program services expenses (Part IX)
- $46,379
- Management and general expenses
- $939
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $46,246
Program services were 46.6% 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.
-
1b · Membership dues
$5,721
-
1f · All other contributions, gifts and grants
$500
-
2a · Program service revenue: AFIT Retail Sales
total $1,480
-
3 · Investment income
total $201,420
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $17,980
-
11g · Fees: other
total $18,773
-
13 · Office expenses
total $3,356
-
16 · Occupancy
total $12,000
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $120
-
24e · All other expenses
total $47,318 · program services $46,379 · management and general $939 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $40,147 · end of year $39,981
-
4 · Accounts receivable
beginning of year $430 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$5,258
-
10b · Land, buildings and equipment: accumulated depreciation
$5,258
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $1,267,217 · end of year $1,333,597
-
17 · Accounts payable and accrued expenses
beginning of year $167 · end of year $95
Mission and programs · 2025
Mission
The Mission of the AFIT Foundation is to support the goals of Air Force Institute of Technology
Activities or mission (Part I)
The AFIT Foundation promotes, enhances and expands the intellectual experience of students, alumni, faculty and staff who are part of the Air Force Institute of Technology and its affiliated schools.
-
Support for activities with AFIT students, AFIT programs and activities, and AFIT spouse members and families. Held several sessions and served approximately 1800.
Expenses $46,246
As filed on the 2025 return.
Listed in Part VII
-
Dr Clarence Chenault
Board Chair
- Total calculated
- $0
- Hours/week
- 5
-
Mr Randy Mahr
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Dr Michael Gessel
Gvt Comm Committee Chair
- Total calculated
- $0
- Hours/week
- 1
-
Dr Michael Heil
Marketing Committee Chair
- Total calculated
- $0
- Hours/week
- 1
-
Dr Vince Russo
Fundraising Events Committee Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ms Samantha M Klint
Finance Committee Chair
- Total calculated
- $0
- Hours/week
- 10
-
Ms Megan Burk
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mr Michael Dustman
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mr David Eidsaune
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kara Greene
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Walter Jones
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mr Everett Odgers
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ms Ashley Brown
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mr Eugene Saunders
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Angela Suplisson
Board Member
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 12 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601349349306325
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