EIN 26-0537053

Air Force Academy Foundation

IRS 501(c) type
501(c)(3)
Num. employees
38
Year formed
2007
Most recent tax filings
2022-12-01
Description
The USAFA Endowment is the primary fund-raising organization for the Academy. Their goal is to support the Academy's mission: to build leaders of character.
Also known as...
Usafa Endowment
Total revenues
$39,131,560
2022
Total expenses
$16,327,301
2022
Total assets
$128,612,215
2022
Num. employees
38
2022

Program areas at Air Force Academy Foundation

Support for academic, athletic and character and leadership development programs of the united states Air Force Academy in Colorado springs, Colorado.
Direct support for graduate programs of the association of graduates of the united states Air Force Academy (the "aog"), including indirect support of the aog's academic, athletic and character and leadership development programs of the united states Air Force Academy in Colorado springs, Colorado.

Grants made by Air Force Academy Foundation

GranteeGrant descriptionAmount
Association of Graduates of the United States Air Force AcademySee Part Iv$8,323,897
Association of Graduates of the United States Air Force AcademySee Part Iv$1,028,418
Air Force Academy Real Estate TrustPurchase of Investments$1,000,000
...and 2 more grants made

Who funds Air Force Academy Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundPublic, Societal Benefit$1,076,337
Association of Graduates of the United States Air Force AcademyTo Provide Support$1,059,628
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$955,000
...and 48 more grants received totalling $5,209,821

Personnel at Air Force Academy Foundation

NameTitleCompensation
Michael C GouldChief Executive Officer$179,856
Mark Hille '97President
Dennis ScruggsExecutive Vice President$178,506
Katie WillemarckChief Financial Officer
Wyatt HornsbyVice President, Marketing and Communications$135,375
...and 32 more key personnel

Financials for Air Force Academy Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$37,432,099
Program services$0
Investment income and dividends$1,805,697
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-117,182
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$10,946
Total revenues$39,131,560

Form 990s for Air Force Academy Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-31990View PDF
2021-122022-05-16990View PDF
2020-122021-05-28990View PDF
2019-122020-10-22990View PDF
2018-122019-09-14990View PDF
...and 8 more Form 990s
Data update history
October 25, 2023
Received grants
Identified 5 new grant, including a grant for $277,500 from American Endowment Foundation
August 19, 2023
Received grants
Identified 41 new grant, including a grant for $1,059,628 from Association of Graduates of the United States Air Force Academy
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 24, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsNational levelTax deductible donations
General information
Address
3116 Academy Dr
Usaf Academy, CO 80840
Metro area
Colorado Springs, CO
County
El Paso County, CO
Website URL
afacademyfoundation.org/s/1885/21/home.aspx?gid=2&pgid=61 
Phone
(719) 472-0300
Facebook page
theusafaendowment 
Twitter profile
@usafaendowment 
IRS details
EIN
26-0537053
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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