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Air & Space Forces Aid Society
Air & Space Forces Aid Society reported $11.7 million in revenue and $17.0 million in expenses for calendar year 2024. Of every $100 it spent, $82.77 went to program services, $11.67 to management and general costs and $5.56 to fundraising. Its largest source of revenue was investment income: 67.7% of the total. The highest compensation it reported for one person was $324,175 (CHIEF EXECUTIVE OFFICER). 9 people received more than $100,000 in reportable compensation. Revenue fell 21% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.8% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.7% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.6% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.26 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 31.1% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $324,175 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.90% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 9 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 172.1 | 10.5 |
| Independent voting board members Part VI 1a–1b | 22 of 22 | 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
2024 · Form 990, Part III · the three largest programs by expenseEmergency 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…
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…
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
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $294,535 | $0 | $29,640 | $324,175 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $254,658 | $0 | $30,217 | $284,875 |
| CHIEF OPERATING OFFICER Officer, 40.00 hrs/week | $220,440 | $0 | $20,925 | $241,365 |
| CONTROLLER Key employee, 40.00 hrs/week | $176,206 | $0 | $21,997 | $198,203 |
| OPERATIONS DIRECTOR Highest compensated employee, 40.00 hrs/week | $168,420 | $0 | $18,726 | $187,146 |
| CHIEF DEVELOPMENT OFFICER Officer, 40.00 hrs/week | $159,680 | $0 | $16,267 | $175,947 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $134,080 | $0 | $15,386 | $149,466 |
| LOAN MGMT SUPERVISOR Highest compensated employee, 40.00 hrs/week | $113,071 | $0 | $13,985 | $127,056 |
9 people received more than $100,000 in reportable compensation from Air & Space Forces Aid Society (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b22 · 22 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 548
- Volunteers Part I, line 622
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| NEPC LLC Investment advisor | $279,559 |
| HARTMAN EXECUTIVE ADVISORS LLC It mgmt/consulting | $141,250 |
| MERIPLEX SOLUTIONS LLC It mgmt/consulting | $134,478 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to Air & Space Forces Aid Society totaling $156K 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 & Space Forces Aid Society'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 & Space Forces Aid Society, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Air & Space Forces Aid Society spent in 2024, $82.77 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Air & Space Forces Aid Society's spending goes to programs?
In calendar year 2024, Air & Space Forces Aid Society reported that 82.8% of its $17.0 million in expenses went to program services, 11.7% to management and general and 5.6% to fundraising (Form 990, Part IX).
How much does Air & Space Forces Aid Society pay its top executive?
The largest total compensation Air & Space Forces Aid Society reported for one person in calendar year 2024 was $324,175, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Air & Space Forces Aid Society get its money?
Of $11.7 million in revenue in calendar year 2024, 31.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Air & Space Forces Aid Society a registered charity?
The IRS lists EIN 54-1797281 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349310089 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349315527 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349317441 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233189349316773 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349314836 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023149349302847 · read the filing
All filings for EIN 54-1797281: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.