Air & Space Forces Association

“The executive committee is comprised of the national officers and two additional national directors appointed by the chairman. The executive committee has the authority to act on behalf of the full board when the full board is not in session.”

“The organization has various classes of members based on length of membership and type.”

“The voting delegates of the organization elect the members of the board of directors.”

“The delegates of the organization approve the air force association statement of policy; elect members of the governing body; approve dues changes; and approve changes to air force association constitution.”

“After preparation by afa's cpa firm, afa staff along with the finance committee perform a thorough review. A copy of the form 990 is then provided to all board members prior to filing.”

“Handling a conflict of interest that arises at a meeting - a director should be sensitive to any interest he or she may have in a decision to be made by the board of directors and, insofar as possible, recognize that such interest exists prior to the discussion or presentation of such a matter before the board. When a director has an interest in a transaction being considered by the board, he or she should disclose the conflict before the board takes action on the matter. The director shall refrain from voting on any such transaction, participating in deliberations concerning it, or using personal influence in any way. The director's presence may not be counted in determining the quorum for any air force association business transaction in which he or she has a possible interest. If the director recognizes that the conflict is ongoing and that the information discussed at the board meeting will bear on that conflict, the director should not participate in that portion of the discussion and leave the room. Board members sign the conflict of interest policy each year. This policy is monitored by the members of the governing board continuously through the year.”

“President only - the president's compensation is set by the presidents evaluation & compensation committee and is reviewed periodically. The last review occurred in 2019. In august of 2018 the president's compensation was reviewed by an outside consulting firm. The firm compared the compensation of the president to other similar associations. A lawyer also wrote a letter about the position's compensation. Additionally there is a signed employment contract.”

“Air force association makes its governing documents, conflict of interest policy, and its financial statements available for public inspection upon request.”

“Cummulative effect adjustment for asc 606 -4,004,444. Change in pension liability -1,629,640. Intercompany contribution -5,176. Intercompany transfer 294,459.”