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Nonprofiteer
← AIR & SPACE FORCES AID SOCIETY INC

Form 990 for tax year 2022

Filed by AIR & SPACE FORCES AID SOCIETY INC.

Totals

Total revenue
$5,323,308
Total expenses
$13,275,816
Contributions and grants received
$4,846,590
Grants paid
$6,515,407
Program service revenue
$0
Investment income
$619,923
Other revenue
-$143,205
Total assets, end of year
$223,375,732
Total liabilities, end of year
$1,503,373
Net assets or fund balances, end of year
$221,872,359
Program services expenses (Part IX)
$9,474,850
Management and general expenses
$2,840,073
Fundraising expenses
$960,893
Program service expenses (Part III)
$9,474,850

Program services were 71.4% 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

    $802,524

  • 1c · Fundraising events

    $815,235

  • 1f · All other contributions, gifts and grants

    $3,228,831

  • 3 · Investment income

    total $3,116,449 · unrelated business $384,337 · excluded $2,732,112

  • 7a · Gross sales of assets other than inventory

    securities $91,149,918

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

    securities $93,646,444

  • 7c · Gain or loss

    securities -$2,496,526

  • 7d · Net gain or loss

    total -$2,496,526 · excluded -$2,496,526

  • 8a · Fundraising events: gross income

    $8,562

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

    $815,235

  • 8b · Fundraising events: direct expenses

    $158,248

  • 8c · Net income from fundraising events

    total -$149,686 · excluded -$149,686

  • 11a · Other revenue: OTHER REVENUE

    total $6,481 · excluded $6,481

  • 11e · Other revenue, total

    $6,481

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $280,000 · program services $280,000

  • 2 · Grants to domestic individuals

    total $5,847,829 · program services $5,847,829

  • 3 · Grants to foreign organizations and individuals

    total $387,578 · program services $387,578

  • 5 · Compensation of officers, directors and key employees

    total $1,163,447 · program services $600,338 · management and general $403,717 · fundraising $159,392

  • 7 · Other salaries and wages

    total $2,006,445 · program services $1,035,327 · management and general $696,236 · fundraising $274,882

  • 8 · Pension plan contributions

    total $116,823 · program services $60,280 · management and general $40,538 · fundraising $16,005

  • 9 · Other employee benefits

    total $545,775 · program services $281,620 · management and general $189,383 · fundraising $74,772

  • 10 · Payroll taxes

    total $206,285 · program services $106,443 · management and general $71,581 · fundraising $28,261

  • 11c · Fees: accounting

    total $4,148 · management and general $4,148

  • 11f · Fees: investment management

    total $550,059 · management and general $550,059

  • 11g · Fees: other

    total $306,373 · program services $158,089 · management and general $106,311 · fundraising $41,973

  • 12 · Advertising and promotion

    total $245,310 · management and general $245,310

  • 13 · Office expenses

    total $73,348 · program services $38,191 · management and general $25,205 · fundraising $9,952

  • 14 · Information technology

    total $775,064 · program services $399,934 · management and general $268,946 · fundraising $106,184

  • 17 · Travel

    total $67,832 · program services $35,001 · management and general $23,538 · fundraising $9,293

  • 19 · Conferences, conventions and meetings

    total $31,600 · management and general $31,600

  • 22 · Depreciation, depletion and amortization

    total $29,309 · program services $15,123 · management and general $10,171 · fundraising $4,015

  • 23 · Insurance

    total $36,967 · program services $19,075 · management and general $12,828 · fundraising $5,064

  • 24a · Other expenses: UBI TAXES

    total $251,314 · program services $120,152 · management and general $100,104 · fundraising $31,058

  • 24b · Other expenses: FUNDRAISING CAMPAIGNS

    total $189,483 · program services $35,000 · management and general $5,511 · fundraising $148,972

  • 24c · Other expenses: MISCELLANEOUS

    total $79,957 · program services $15,889 · management and general $22,917 · fundraising $41,151

  • 24d · Other expenses: FEES & RELATED CHARGES

    total $60,208 · program services $28,785 · management and general $23,982 · fundraising $7,441

  • 24e · All other expenses

    total $20,662 · program services $10,196 · management and general $7,988 · fundraising $2,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $675,731 · end of year $1,414,722

  • 2 · Savings and temporary cash investments

    beginning of year $347,734 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $194,150 · end of year $36,513

  • 7 · Other notes and loans receivable

    beginning of year $2,426,386 · end of year $3,445,767

  • 9 · Prepaid expenses and deferred charges

    beginning of year $396,290 · end of year $722,510

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

    $2,073,179

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

    $2,019,249

  • 10c · Land, buildings and equipment, net

    beginning of year $68,068 · end of year $53,930

  • 11 · Investments: publicly traded securities

    beginning of year $160,336,423 · end of year $102,421,242

  • 12 · Investments: other securities

    beginning of year $98,037,383 · end of year $115,281,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $568,718 · end of year $457,969

  • 19 · Deferred revenue

    end of year $216,250

  • 25 · Other liabilities

    beginning of year $2,456,193 · end of year $829,154

  • 27 · Net assets without donor restrictions

    beginning of year $256,889,822 · end of year $219,859,580

  • 28 · Net assets with donor restrictions

    beginning of year $2,567,432 · end of year $2,012,779

Mission and programs · 2022

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 $1,000 TO ASSIST WITH EMERGENCY FINANCIAL NEEDS.

    Expenses $5,262,990 · Grants $3,149,287

  • 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 $500 TO $4,000.IN ADDITION TO NEEDS-BASED GRANTS, THE SOCIETY ALSO PROVIDES $2,500 AND $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 $3,080,695 · Grants $2,410,422

  • COMMUNITY ENHANCEMENT: THIS PROGRAM INCLUDES INDIVIDUAL PROGRAMS IN FOUR MAIN AREAS: CHILDCARE, PARENTING, READINESS (CAR SAFETY CHECKS), AND SPOUSE/YOUTH (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. CHILDCARE BECAME A HUGE CONCERN FOR MEMBERS AND THEIR FAMILIES AS THE COVID-19 PANDEMIC CONTINUED TO CAUSE A SHORTAGE IN CHILDCARE AT AIR FORCE INSTALLATIONS. THE SOCIETY WAS ABLE TO PROVIDE UP TO $1,500 IN REIMBURSABLE EXPENSES PER MEMBER FOR CHILDCARE TOTALING $1 MILLION IN SUPPORT.

    Expenses $1,131,165 · Grants $955,698

As filed on the 2022 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

  • JOANNE S BASS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RAHN BASS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEN CHARLES Q BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MG MARK A BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARENE BROWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELI A COHEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CMSGT DANNY R DOUCETTE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CMSGT DENNIS L FRITZ

    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 ROBERT MILLER

    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

  • GEN JOHN W RAYMOND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MOLLIE A RAYMOND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHERYL ROBERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RACHEL RUSH

    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

  • HON EUGENE R SULLIVAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CMSGT ROGER A TOWBERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CMSAF KALETH O WRIGHT

    CEO

    Total calculated
    $281,375
    From this org
    $249,190
    From related orgs
    $0
    Other
    $32,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,590
    Bonus
    $30,000
    Other
    $600
    Deferred
    $29,291
    Nontaxable benefits
    $2,894
    Filer's total
    $281,375

  • MICHAEL PARNAROUSKIS

    CFO - UNTIL 06/2022

    Total calculated
    $70,027
    From this org
    $56,708
    From related orgs
    $0
    Other
    $13,319
    Hours/week
    40

  • JOHN A FARRELL III

    COO

    Total calculated
    $254,978
    From this org
    $220,911
    From related orgs
    $0
    Other
    $34,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,291
    Bonus
    $20,020
    Other
    $600
    Deferred
    $24,972
    Nontaxable benefits
    $9,095
    Filer's total
    $254,978

  • NYVIA N AYALA

    CHRO

    Total calculated
    $184,094
    From this org
    $161,282
    From related orgs
    $0
    Other
    $22,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,732
    Bonus
    $15,950
    Other
    $600
    Deferred
    $21,280
    Nontaxable benefits
    $1,532
    Filer's total
    $184,094

  • LATOYA CROWE

    CHIEF COMMUNICATIONS & DEV. OFFICER

    Total calculated
    $192,567
    From this org
    $165,990
    From related orgs
    $0
    Other
    $26,577
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,000
    Bonus
    $16,390
    Other
    $600
    Deferred
    $21,676
    Nontaxable benefits
    $4,901
    Filer's total
    $192,567

  • KRISTINA ROGERS

    COS - AS OF 11/2022

    Total calculated
    $35,912
    From this org
    $28,056
    From related orgs
    $0
    Other
    $7,856
    Hours/week
    40

  • JESSICA BURRIS

    CFO - AS OF 05/2022

    Total calculated
    $144,494
    From this org
    $121,650
    From related orgs
    $0
    Other
    $22,844
    Hours/week
    40

  • BEATRIZ SWANN

    OPERATIONS MANAGER

    Total calculated
    $143,052
    From this org
    $118,467
    From related orgs
    $0
    Other
    $24,585
    Hours/week
    40

  • SHARON K VALVANO

    LOAN MANAGEMENT OFFICER

    Total calculated
    $151,613
    From this org
    $129,263
    From related orgs
    $0
    Other
    $22,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,811
    Bonus
    $3,118
    Other
    $5,334
    Deferred
    $14,967
    Nontaxable benefits
    $7,383
    Filer's total
    $151,613

  • JANET E DUCKWORTH

    SR. EA CASEWORKER

    Total calculated
    $126,408
    From this org
    $107,054
    From related orgs
    $0
    Other
    $19,354
    Hours/week
    40

  • LISA M DONALD

    LOAN MANAGEMENT SUPERVISOR

    Total calculated
    $129,335
    From this org
    $111,506
    From related orgs
    $0
    Other
    $17,829
    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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE SOCIETY OFFERS A TAXABLE REIMBURSEMENT PROGRAM FOR ALL EMPLOYEES OF UP TO $500 PER YEAR TO COVER THE COST OF FITNESS-RELATED ACTIVITIES AND/OR FITNESS EQUIPMENT.
PART I, LINE 4A
SHARON VALVANO, SEVERANCE: $3,997

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349317441

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