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Air Force Academy Foundation
Air Force Academy Foundation reported $35.1 million in revenue and $17.3 million in expenses for calendar year 2025. Of every $100 it spent, $61.17 went to program services, $19.74 to management and general costs and $19.09 to fundraising. Its largest source of revenue was contributions and grants: 89.5% of the total. The highest compensation it reported for one person was $302,947 (EXECUTIVE VICE PRESIDENT OF DEVELOPMENT). 5 people received more than $100,000 in reportable compensation. Revenue rose 14% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 61.2% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.7% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 19.1% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 89.5% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $302,947 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.76% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 5 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 129.5 | 56.6 |
| Independent voting board members Part VI 1a–1b | 58 of 59 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseAcademic support:the Air Force Academy Foundation secures philanthropic support from individuals, foundations and corporations to provide additional funding support to the U.S. Air Force Academy (usafa) beyond what the government is able to provide. A large part of this support goes toward academic programs that augment the core curriculum. In 2025, this included significant support for the institute for future conflict and martinson honors program and the establishment of a cadet-advised investment portfolio. Private support also enables cadets to participate in academic opportunities that…
Association & foundation program support:grants are provided annually to the association of graduates (aog) in support of its operations to serve alumni of usafa, known as the long blue line. The aog provides a variety of programs and services to connect the long blue line to usafa, each other and current cadets who will soon join the long blue line community. These funds were largely used to decrease the cost of class reunions and support graduate engagement programs. This program also includes philanthropic support for wecker hall, the new office building for the aog and Air Force Academy…
Capital projects and heritage programs:the Air Force Academy Foundation secures philanthropic support to preserve usafa heritage and to construct or enhance facilities on the academy, including memorials and displays. The largest expenses in this area for 2025 supported the construction of the tuskegee airmen memorial at davis field and the installation of a glider in the highest gallery of the hosmer visitor center
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE VICE PRESIDENT OF DEVELOPMENT Officer, 38.00 hrs/week | $223,119 | $0 | $79,828 | $302,947 |
| PRESIDENT & CEO Director/trustee, officer, 20.00 hrs/week | $226,226 | $0 | $51,610 | $277,836 |
| CFO Officer, 20.00 hrs/week | $127,844 | $0 | $34,971 | $162,815 |
| ASSISTANT VICE PRESIDENT OF DEVELOMENT Highest compensated employee, 39.00 hrs/week | $113,211 | $0 | $12,717 | $125,928 |
| DIRECTOR OF PROJECTS AND FACILITIES Highest compensated employee, 32.00 hrs/week | $103,083 | $0 | $8,959 | $112,042 |
5 people received more than $100,000 in reportable compensation from Air Force Academy Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $744K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b59 · 58 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5115
- Volunteers Part I, line 662
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| SAUNDERS NORWOOD CONSTRUCTIONS LLC Construction | $11,929,880 |
| WORKPLACE RESOURCE Interior design products | $726,351 |
| JAMES NANCE SCULPTURE STUDIO Bronze sculptor | $398,375 |
| FESCO ENERGY LLC Energy assessments and services | $360,000 |
| LEGENDS SALES & MARKETING LLC Professional fundraising | $277,062 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
20 private foundations reported grants to Air Force Academy Foundation totaling $635K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Air Force Academy Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Air Force Academy Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Air Force Academy Foundation spent in 2025, $61.17 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Air Force Academy Foundation's spending goes to programs?
In calendar year 2025, Air Force Academy Foundation reported that 61.2% of its $17.3 million in expenses went to program services, 19.7% to management and general and 19.1% to fundraising (Form 990, Part IX).
How much does Air Force Academy Foundation pay its top executive?
The largest total compensation Air Force Academy Foundation reported for one person in calendar year 2025 was $302,947, for the role of EXECUTIVE VICE PRESIDENT OF DEVELOPMENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Air Force Academy Foundation get its money?
Of $35.1 million in revenue in calendar year 2025, 89.5% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Air Force Academy Foundation a registered charity?
The IRS lists EIN 26-0537053 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202631349349312053 · read the filing
- 2024: Form 990 for calendar year 2024, object 202541349349310989 · read the filing
- 2023: Form 990 for calendar year 2023, object 202421359349305092 · read the filing
- 2022: Form 990 for calendar year 2022, object 202341519349300509 · read the filing
- 2021: Form 990 for calendar year 2021, object 202231369349304998 · read the filing
- 2020: Form 990 for calendar year 2020, object 202121349349304267 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012269349302211 · read the filing
All filings for EIN 26-0537053: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.