AIR FORCE ACADEMY FOUNDATION

As filed

Subsection

03

NTEE code

T20

Classification

1000

Street

3115 ACADEMY DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• Support for Academic, Athletic, Cadet Activities, and Character & Leadership programs of the United States Air Force Academy in Colorado Springs, Colorado. This also includes capital projects and improvements on the Academy grounds.

  Expenses $33,283,602 · Grants $33,283,602

• Grants are provided annually to the Association of Graduates (AOG) in support of its operations to support alumni of the USAFA, memorials, and graduate dependent scholarships. This program also includes philanthropic support to build a new office building for the AOG and Air Force Academy Staff, as well as support to pay down the bonds on Hotel Polaris, which will be turned over to the AOG upon payoff of the bonds.

  Expenses $1,678,405 · Grants $419,300

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $45,049,744

  Expenses

  $40,855,917

  Contributions

  $41,469,423

  Grants paid

  $33,702,902

• 2023

  Revenue

  $40,863,986

  Expenses

  $28,355,772

  Contributions

  $37,967,266

  Grants paid

  $20,554,505

• 2022

  Revenue

  $39,131,560

  Expenses

  $16,327,301

  Contributions

  $37,432,099

  Grants paid

  $10,809,418

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2025 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2021 · 990

  Revenue

  $31,160,927

  Expenses

  $15,838,295

  Assets (EOY)

  $121,910,731

• 2020 · 990

  Revenue

  $26,764,643

  Expenses

  $41,752,359

  Assets (EOY)

  $103,993,118

• 2019 · 990

  Revenue

  $30,831,681

  Expenses

  $10,866,959

  Assets (EOY)

  $100,762,134

• 2018 · 990

  Revenue

  $28,196,157

  Expenses

  $10,745,804

  Assets (EOY)

  $75,121,344

• 2017 · 990

  Revenue

  $14,854,560

  Expenses

  $15,741,750

  Assets (EOY)

  $65,214,140

• 2016 · 990

  Revenue

  $14,261,837

  Expenses

  $7,189,471

  Assets (EOY)

  $59,902,646

• 2015 · 990

  Revenue

  $16,763,632

  Expenses

  $13,548,813

  Assets (EOY)

  $54,629,296

• 2014 · 990

  Revenue

  $15,942,589

  Expenses

  $5,977,276

  Assets (EOY)

  $50,834,887

• 2013 · 990

  Revenue

  $14,987,065

  Expenses

  $7,141,546

  Assets (EOY)

  $40,772,200

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• AIR FORCE ACADEMY ATHLETIC Association

  $30,733,657

  2024 · See Part IV

• UNITED STATES AIR FORCE ACADEMY

  $8,323,897

  2022 · See Part IV

• UNITED STATES AIR FORCE ACADEMY

  $4,467,129

  2023 · See Part IV

• AIR FORCE ACADEMY ATHLETIC CORPORATION

  $3,737,294

  2023 · See Part IV

• US Treasury

  $1,670,887

  2024 · See Part IV

• ASSOCIATION OF GRADUATES OF THE USAFA

  $1,028,418

  2022 · See Part IV

• Air Force Academy Real Estate Trust

  $1,000,000

  2022 · PUrchase of investments

• ASSOCIATION OF GRADUATES OF THE USAFA

  $891,747

  2023 · See Part IV

• ASSOCIATION OF GRADUATES OF THE USAFA

  $419,300

  2024 · See Part IV

• Academy Research and Development Institute

  $261,008

  2024 · See Part IV

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• ASSOCIATION OF GRADUATES OF THE USAFA

  $10,371,037

  2024 · Support Foundation Projects

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $3,460,000

  2023 · UNRESTRICTED GENERAL SUPPORT

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $2,166,000

  2024 · UNRESTRICTED GENERAL SUPPORT

• DONOR ADVISED CHARITABLE GIVING

  $1,410,939

  2024 · PUBLIC, SOCIETAL BENEFIT

• FOUNDATION FOR THE CAROLINAS

  $1,295,800

  2023 · CHARITABLE GIFT

• DONOR ADVISED CHARITABLE GIVING

  $1,198,109

  2023 · PUBLIC, SOCIETAL BENEFIT

• DONOR ADVISED CHARITABLE GIVING

  $1,112,567

  2022 · PUBLIC, SOCIETAL BENEFIT

• ASSOCIATION OF GRADUATES OF THE USAFA

  $1,059,628

  2022 · To provide support

• VANGUARD CHARITABLE ENDOWMENT PROGRAM

  $1,057,478

  2022 · FOR RECIPIENT'S EXEMPT PURPOSE

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $955,000

  2022 · UNRESTRICTED GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

California fundraising campaigns

Campaigns run by paid fundraisers, commercial coventurers and thrift stores naming this organization, as California published them. Both figures are as filed, and what the first one counts depends on the campaign type — a coventurer or a thrift store files its own sales rather than money collected for the charity. The 990 reports this only as a yearly total, never per campaign.

• LFR LLC

  $626,178 raised

  2024 · Commercial Fundraiser

  $553,560 to charity

• LFR LLC

  $340,820 raised

  2023 · Commercial Fundraiser

  $139,403 to charity

• RUFFALO NOEL LEVITZ LLC

  $0 raised

  2023 · Commercial Fundraiser

  -$5,907 to charity

• RUFFALO NOEL LEVITZ LLC

  $115,225 raised

  2022 · Commercial Fundraiser

  $63,964 to charity

• RUFFALO NOEL LEVITZ LLC

  $0 raised

  2022 · Commercial Fundraiser

  -$6,055 to charity

• LFR LLC

  $0 raised

  2022 · Commercial Fundraiser

  $0 to charity

• RUFFALO NOEL LEVITZ LLC

  $121,863 raised

  2021 · Commercial Fundraiser

  $69,319 to charity

Amounts are as filed and do not add up: a commercial coventurer reports one promotion's whole gross once for each charity that shared in it. A campaign may also name more than one registered charity, in which case it appears on each.

Other IRS files