Civic Intelligence

The Afit Foundation Air Force Institute of Technology

990 • Fiscal year 2018 • EIN 31-1190492

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

Organization Profilewww.afitfoundation.org
3541 Dayton-Xenia Road PO Box 34168Beavercreek, OH 45434

(187) 782-9550

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

$1,010,188

No earlier filing loaded for comparison.

Net Assets

$1,010,188

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin99th percentile

Revenue

$1,000,136

No earlier filing loaded for comparison.

Expenses

$886

No earlier filing loaded for comparison.

Net Income

$999,250

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2018: $1,010,188Liabilities 2018: $0Net Assets 2018: $1,010,1882018Assets 2019: $1,063,831Liabilities 2019: $6,730Net Assets 2019: $1,057,1012019Assets 2020: $1,146,817Liabilities 2020: $779Net Assets 2020: $1,146,0382020Assets 2021: $1,251,282Liabilities 2021: $399Net Assets 2021: $1,250,8832021Assets 2022: $991,556Liabilities 2022: $420Net Assets 2022: $991,1362022Assets 2023: $1,156,502Liabilities 2023: $3,697Net Assets 2023: $1,152,8052023Assets 2024: $1,307,794Liabilities 2024: $167Net Assets 2024: $1,307,6272024

Highlighted filing

2018

Assets$1,010,188
Liabilities$0
Net Assets$1,010,188
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2018: $1,000,136Expenses 2018: $886Net Income 2018: $999,2502018Revenue 2019: $81,376Expenses 2019: $34,465Net Income 2019: $46,9112019Revenue 2020: $146,921Expenses 2020: $58,137Net Income 2020: $88,7842020Revenue 2021: $165,326Expenses 2021: $60,451Net Income 2021: $104,8752021Revenue 2022: $20,886Expenses 2022: $280,959Net Income 2022: -$260,0732022Revenue 2023: $239,841Expenses 2023: $78,172Net Income 2023: $161,6692023Revenue 2024: $233,769Expenses 2024: $78,947Net Income 2024: $154,8222024

Highlighted filing

2018

Revenue$1,000,136
Expenses$886
Net Income$999,250
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$1,000,136
Mission and Program Overview

Mission

The Mission of the AFIT Foundation is to support the goals of Air Force Institute of Technology

The Mission of the AFIT Foundation is to support the goals of Air Force Institute of Technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,938$1,010,188▲ $999,250
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$10,938$1,010,188▲ $999,250
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$957,892-
Permanently Rstr Net Assets$10,938$52,296▲ $41,358
Total Net Assets Fund Balance$10,938$1,010,188▲ $999,250
Total Liabilities and Net Assets / Fund Balance$10,938$1,010,188▲ $999,250
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Maj Gen David W Eidsaune USAF RetChairman
Dr Robert CalicoPresident
Colonel Joseph E Zeis USAF RetTrustee
Congressman Ret David HobsonTrustee
Dr David PonitzTrustee
Maj Gen Peter W Odgers USAF RetTrustee
Mr Roger A PantonTrustee
Senator Ret Charles F HornTrustee
Maj Gen Everett G Odgers USAF RetTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,132
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
All Other Contributions
$1,000,132
Change in Net Assets
$999,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$886
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$886-$886
Total Functional Expenses$0$886$0$886
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A: Explanation of Delegated Broad Authority to Committee

“The Executive Committee, during the intervals between meetings of the Board of Trustees, possesses and may exercise all of the powers of the Board of Trustees in the management and control of the business, affairs and properties of the Foundation which the Board of Trustees may lawfully delegate to it. The Finance Committee, during the intervals between the meetings of the Board of Trustees, possesses and may exercise such of the powers of the Board of Trustees in the management, investment and reinvestment of the funds of the Foundation as the Board of Trustees may, from time to time, lawfully delegate to it, in such manner as the Finance Committee may deem to be for the best interests of the Foundation, but any action of the Finance Committee shall be subject to revision, alteration or rescission by the Board of Trustees, provided that no right of third parties shall be affected by any such revision, alteration or rescission.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 reviewed by VP of Finance and made available to governing body.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The AFIT Foundation's Consitituion and Articles of Incorporation are posted on the website. The annual IRS Form 990 is available upon request.”

Filing and Contact Details

Filer

Filer Name
The AFIT Foundation
EIN
31-1190492
Phone
1877829550
Address
3541 Dayton-Xenia Road PO Box 34168, Beavercreek, OH 45434

Signing Officer

Name
Everett Odgers
Title
Treasurer
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Symmetry Advisory Solutions
Address
70 Birch Alley Ste 240 PMB 24006, Beavercreek, OH 45440
Preparer
Teresa M Fox
Phone
9377017961
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Committee, during the intervals between meetings of the Board of Trustees, possesses and may exercise all of the powers of the Board of Trustees in the management and control of the business, affairs and properties of the Foundation which the Board of Trustees may lawfully delegate to it. The Finance Committee, during the intervals between the meetings of the Board of Trustees, possesses and may exercise such of the powers of the Board of Trustees in the management, investment and reinvestment of the funds of the Foundation as the Board of Trustees may, from time to time, lawfully delegate to it, in such manner as the Finance Committee may deem to be for the best interests of the Foundation, but any action of the Finance Committee shall be subject to revision, alteration or rescission by the Board of Trustees, provided that no right of third parties shall be affected by any such revision, alteration or rescission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 reviewed by VP of Finance and made available to governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The AFIT Foundation's Consitituion and Articles of Incorporation are posted on the website. The annual IRS Form 990 is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 1a: Explanation of Delegated Broad Authority to Committee
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
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IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010938
IRS990/TotalAssetsEOYAmt01010188
IRS990/TotalAssetsGrp/BOYAmt010938
IRS990/TotalAssetsGrp/EOYAmt01010188
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IRS990/TotalContributionsAmt01000132
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0886
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0886
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01000136
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010938
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01010188
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0957892
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03541 Dayton-Xenia Road PO Box 34168
IRS990/USAddress/CityNm0Beavercreek
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd0454349998
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0http://www.afitfoundation.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Everett Odgers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The AFIT Foundation
ReturnHeader/Filer/BusinessNameControlTxt0AFIT
ReturnHeader/Filer/EIN0311190492
ReturnHeader/Filer/PhoneNum01877829550
ReturnHeader/Filer/USAddress/AddressLine1Txt03541 Dayton-Xenia Road PO Box 34168
ReturnHeader/Filer/USAddress/CityNm0Beavercreek
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045434
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463043563
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Symmetry Advisory Solutions
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt070 Birch Alley Ste 240 PMB 24006
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Beavercreek
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045440
ReturnHeader/PreparerPersonGrp/PhoneNum09377017961
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Teresa M Fox
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-14T07:11:33-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,010,188
Liabilities
$0
Net assets
$1,010,188
Revenue
$1,000,136
Expenses
$886
Net income
$999,250
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.23$0.08$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.15$0.24$0.08$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.02$0.28$0.26
2021Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.17$0.06$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.15$0.06$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.01$1.06$0.08$0.03$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$1.00$0.00$1.00