Civic Intelligence

Air Force Academy Athletic Corporation

EIN 45-4331061 • 501(c)3 • Usafa, CO

Profile

(a)assist the u.s. Air force academy in the development, funding, operation, and management of its athletic program that is in direct support of the academy athletic department's mission to build future air force leaders of character by providing a realistic leadership experience in a mentally and physically challenging environment; (b)raise funds through admission ticket, concession item, and apparel sales; licensing trademarks, commercial sponsorships and partnerships, radio and television rights revenue, accepting gifts and other means which are generally accepted and customary for an intercollegiate sports program and use those funds in support of the purposes of this charter; (c)assist in the preparation and motivation of cadets for a lifetime of service through physically and mentally challenging physical education, fitness training and testing, and intramural and intercollegiate athletic programs; and (d)promote the academy and the air force to the nation through athletics.

PO Box 89Usafa, CO 80840

www.goairforcefalcons.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.43x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.20x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

79th percentile

$316,819

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

99th percentile

602%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

2022%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Using 2014 Form 990 data because the latest 2025 filing does not report standard financial totals.

Assets

Up

$10,187,068

Up $8,736,207 (+602%) from 2013

Liabilities

Up

$4,408,447

Up $4,333,171 (+5756%) from 2013

Net Assets

Up

$5,778,621

Up $4,403,036 (+320%) from 2013

Revenue

Up

$22,301,368

Up $21,250,572 (+2022%) from 2013

Expenses

Up

$17,860,831

Up $17,699,471 (+10969%) from 2013

Net Income

Up

$4,440,537

Up $3,551,101 (+399%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2012: $492,940Liabilities 2012: $6,791Net Assets 2012: $486,1492012Assets 2013: $1,450,861Liabilities 2013: $75,276Net Assets 2013: $1,375,5852013Assets 2014: $10,187,068Liabilities 2014: $4,408,447Net Assets 2014: $5,778,6212014

Latest loaded filing

2014

Assets$10,187,068
Liabilities$4,408,447
Net Assets$5,778,621

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2012: $13,8512012Revenue 2013: $1,050,796Expenses 2013: $161,360Net Income 2013: $889,4362013Revenue 2014: $22,301,368Expenses 2014: $17,860,831Net Income 2014: $4,440,5372014

Latest loaded filing

2014

Revenue$22,301,368
Expenses$17,860,831
Net Income$4,440,537

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 16, 2026
Return Version
2024v5.1
Mission and Program Overview

Mission

(a)assist the u.s. Air force academy in the development, funding, operation, and management of its athletic program that is in direct support of the academy athletic department's mission to build future air force leaders of character by providing a realistic leadership experience in a mentally and physically challenging environment; (b)raise funds through admission ticket, concession item, and apparel sales; licensing trademarks, commercial sponsorships and partnerships, radio and television rights revenue, accepting gifts and other means which are generally accepted and customary for an intercollegiate sports program and use those funds in support of the purposes of this charter; (c)assist in the preparation and motivation of cadets for a lifetime of service through physically and mentally challenging physical education, fitness training and testing, and intramural and intercollegiate athletic programs; and (d)promote the academy and the air force to the nation through athletics.

Filing and Contact Details

Filer

Filer Name
Air Force Academy Athletic Corp
EIN
45-4331061
Phone
7193332126
Address
PO BOX 89, USAFA, CO 80840

Signing Officer

Name
David Laverentz
Title
Chief Financial Officer
Phone
7193332126
Signed
2026-02-16
Discuss with paid preparer
Yes

Preparer

Firm
Forvis Mazars LLP
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith
Phone
7194714290
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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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