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AIR FORCE ACADEMY FOUNDATION

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Public IRS 990 nonprofit record

AIR FORCE ACADEMY FOUNDATION

EIN 26-0537053 · Private Grantmaking Foundations (T20)

What they do

to BE AN ASSOCIATION and FOUNDATION of INFLUENCE and IMPACT, SUPPORTING THE ACADEMYS ENDURING MISSION of DEVELOPING LEADERS of CHARACTER for THE NATION, and PROVIDING A LIFETIME of SERVICE to THE LONG BLUE LINE. (CONT ON SCH O).STRATEGIC PRIORITIES OF: (1) ENGAGEMENT - CULTIVATE LIFELONG RELATIONSHIPS and PROVIDE VALUED SERVICE to THE ACADEMY and OUR GRADUATES.(2) PHILANTHROPY - ENHANCE FINANCIAL STRENGTH and STABILITY to ADVANCE THE ACADEMY and SUSTAIN OUR MISSION.(3) STEWARDSHIP - RESPONSIBLY SEEK and MANAGE GIFTED TIME, TALENT, TREASURE and RELATIONSHIPS.(4) COMMUNICATION - TELL THE STORY of OUR ACADEMY, OUR GRADUATES and OUR MISSION WITH OUR WORDS and ACTIONS.(5) ORGANIZATIONAL EXCELLENCE - ALIGN OUR VALUES, OUR CULTURE and OUR COMMITMENT AS A TEAM to DRIVE OVERALL EFFECTIVENESS of OUR MISSION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $61.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders67 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

30.04%of revenue went to mission work61.2% of expenses · Program services
9.37%of revenue went to fundraising19.1% of expenses
$49.10spent for every $100 of revenueRevenue covered expenses this year.
9.69%of revenue went to management and office costs19.7% of expenses
$11.08in assets for every $1 spent this yearSome assets cannot be spent right away.
89.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $302,947 for KELLY BANET (EXECUTIVE VICE PRESIDENT OF DEVELOPMENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$35,148,270
Mission workProgram services$10,558,22630.04% of revenue61.2% of expenses
ManagementOffice and general costs$3,407,0489.69% of revenue19.7% of expenses
FundraisingAsking for donations$3,294,2549.37% of revenue19.1% of expenses
Revenue left after expensesReported annual surplus$17,888,74250.90% of revenueShown in gray on the chart
Total expenses$17,259,52849.10% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2025CurrentExpense mix: 61.2% mission · 19.7% management · 19.1% fundraisingTotal expenses: 49.10% of revenue
2024Expense mix: 85.6% mission · 6.4% management · 8.1% fundraisingTotal expenses: 90.69% of revenue
2023Expense mix: 81.3% mission · 9.4% management · 9.3% fundraisingTotal expenses: 69.39% of revenue
2022Expense mix: 71.8% mission · 12.8% management · 15.4% fundraisingTotal expenses: 41.72% of revenue
2021Expense mix: 70.5% mission · 15.3% management · 14.2% fundraisingTotal expenses: 50.83% of revenue
2020Expense mix: 89.6% mission · 2.9% management · 7.5% fundraisingTotal expenses: 156.00% of revenue
2019Expense mix: 51.7% mission · 9.5% management · 38.8% fundraisingTotal expenses: 35.25% of revenue
2018Expense mix: 57.7% mission · 7.9% management · 34.4% fundraisingTotal expenses: 38.11% of revenue

Money in and money out

Revenue$35,148,270
Expenses$17,259,528
Annual surplus $17,888,742 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,558,226 · 61.2% of expenses
Management and office costs$3,407,048 · 19.7% of expenses
Fundraising$3,294,254 · 19.1% of expenses
See all reported dollar amounts
Revenue$35,148,270
Expenses$17,259,528
Assets$191,269,920
Income$64,773,778
Contributions$31,457,725
Mission work (program services)$10,558,226
Fundraising$3,294,254
Grants given$92,108,160
Average grant$2,423,899
Management and general$3,407,048
Executive compensation (total)$1,129,852
Stocks and bonds$92,947,673
Accounting fees$70,319
People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
KELLY BANETEXECUTIVE VICE PRESIDENT OF DEVELOPMENT · 38 hrs/week $302,947Base $223,119 · Other $79,828
MARK D HILLEPRESIDENT & CEO · 20 hrs/week $277,836Base $226,226 · Other $51,610
KATIE WILLEMARKCFO · 20 hrs/week $162,815Base $127,844 · Other $34,971
MEGAN MYERSASSISTANT VICE PRESIDENT OF DEVELOMENT · 39 hrs/week $125,928Base $113,211 · Other $12,717
CHRISTOPHER MAZUREKDIRECTOR OF PROJECTS AND FACILITIES · 32 hrs/week $112,042Base $103,083 · Other $8,959

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (67)

KELLY BANETEXECUTIVE VICE PRESIDENT OF DEVELOPMENT

MARK D HILLEPRESIDENT & CEO

KATIE WILLEMARKCFO

MEGAN MYERSASSISTANT VICE PRESIDENT OF DEVELOMENT

CHRISTOPHER MAZUREKDIRECTOR OF PROJECTS AND FACILITIES

MATTHEW J KUTABOARD OF DIRECTOR

PAUL CAPONBOARD OF DIRECTOR

PATRICK M NESBITTBOARD OF DIRECTOR (TO 07/25)

NORTON A SCHWARTZBOARD OF DIRECTOR

MICHAEL LEAHYBOARD OF DIRECTOR

MICHAEL LAMBERTBOARD OF DIRECTOR

MAX F JAMESEMERITUS DIRECTOR

PAUL G KAMINSKIBOARD OF DIRECTOR

MATTHEW C STEWARTBOARD OF DIRECTOR (FROM 08/25)

MATTHEW YOUNGBOARD OF DIRECTOR (FROM 06/25)

MARK A WELSH IIIBOARD OF DIRECTOR

LOUIS W BREMERBOARD OF DIRECTOR

LESLIE G DENENDEMERITUS DIRECTOR

TED E LEGASEYBOARD OF DIRECTOR

ALEX P GILBERTCHAIR

WILLIAM A JONES JRBOARD OF DIRECTOR

WES STOWERS JRBOARD OF DIRECTOR

VINCENT P REYNABOARD OF DIRECTOR

THOMAS A STEINBOARD OF DIRECTOR

TERRENCE J OSHAUGHNESSYBOARD OF DIRECTOR

TERRENCE ODONNELLBOARD OF DIRECTOR

TERRANCE M DRABANTEMERITUS DIRECTOR

PAUL ROSSETTIBOARD OF DIRECTOR

STEPHEN S MACLEODSECRETARY

STEPHEN M DICKSONVICE CHAIR

SARAH J SAXER MARSHALLBOARD OF DIRECTOR

ROD R LITTLEBOARD OF DIRECTOR

RICHARD D MCCONNBOARD OF DIRECTOR

PAUL S MADERABOARD OF DIRECTOR

WILLIAM E WECKERBOARD OF DIRECTOR

EUGENE A LUPIABOARD OF DIRECTOR

ALEXANDER F GRANADOSBOARD OF DIRECTOR

APRIL SULLIVAN FITZGERALDMEMBER AT LARGE (TO 10/25)

BART HOLADAYEMERITUS DIRECTOR

BENJAMIN A MOEBOARD OF DIRECTOR (FROM 01/25)

BRADLEY C HOSMERBOARD OF DIRECTOR

BRADLEY M MEISSENBOARD OF DIRECTOR

BRIAN CHERRYBOARD OF DIRECTOR (FROM 05/25)

BRIAN C GORNICKBOARD OF DIRECTOR

CHARLES E PHILLIPSBOARD OF DIRECTOR

CHRISTINA M QUILLEN AGNEWBOARD OF DIRECTOR (FROM 11/25)

DANIEL J SCHNEPFBOARD OF DIRECTOR

DAVID YOSTBOARD OF DIRECTOR

DAVID J STROBELBOARD OF DIRECTOR

EDWARD R JAYNEBOARD OF DIRECTOR

ELIZABETH D FERRILLBOARD OF DIRECTOR

LEONARD C EKMANBOARD OF DIRECTOR

EVAN M DADOSKYBOARD OF DIRECTOR

GILBERT D MOOKEMERITUS DIRECTOR

GREGG C POPOVICHBOARD OF DIRECTOR

HUGH H WILLIAMSONEMERITUS DIRECTOR (TO 10/25)

J SCOTT KIRBYBOARD OF DIRECTOR

JACK N KUCERABOARD OF DIRECTOR

JAMESINA S TOOGOODBOARD OF DIRECTOR (FROM 10/25)

JEFFREY M FRIENTTREASURER

JEROME V BRUNIBOARD OF DIRECTOR

JESUNG KIMBOARD OF DIRECTOR

JOHN D CHILDSBOARD OF DIRECTOR

JOHN H MARTINSONBOARD OF DIRECTOR (TO 10/25)

JOHN M FOXBOARD OF DIRECTOR

JOHN W MARTIN JRBOARD OF DIRECTOR

KEVIN ONEILBOARD OF DIRECTOR

About this charity

Recognized since
January 2008
Location
3115 ACADEMY DR, USAF ACADEMY, CO 80840-0000
County
El Paso
In care of
% KATIE WILLEMARCK CFO
Primary officer
KATIE WILLEMARCK, CFO

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
SORREN INC
NTEE classification
Private Grantmaking Foundations (T20)
IRS tax category
Private Grantmaking Foundations
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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