Civic Intelligence

Air University Foundation

990 • Fiscal year 2019 • EIN 63-1106495

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 27, 2020

55 Lemay PlazaMaxwell Afb, AL 36112

(334) 953-3174

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

31st percentile

0.03x

Higher debt load relative to revenue than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

47th percentile

$56,620

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 18.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

7.3%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

30%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,725,460

Up $117,072 (+7.3%) from 2018

Net Assets

Up

$1,717,537

Up $119,395 (+7.5%) from 2018

Liabilities

Down

$7,923

Down $2,323 (-23%) from 2018

Revenue

Up

$299,664

Up $68,484 (+30%) from 2018

Expenses

Down

$206,567

Down $18,592 (-8.3%) from 2018

Net Income

Up

$93,097

Up $87,076 (+1446%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,552,004Liabilities 2011: $21,755Net Assets 2011: $1,530,2492011Assets 2012: $1,552,062Liabilities 2012: $8,635Net Assets 2012: $1,543,4272012Assets 2013: $1,771,019Liabilities 2013: $26,964Net Assets 2013: $1,744,0552013Assets 2014: $1,770,717Liabilities 2014: $56,013Net Assets 2014: $1,714,7042014Assets 2015: $1,739,072Liabilities 2015: $15,548Net Assets 2015: $1,723,5242015Assets 2016: $1,745,335Liabilities 2016: $21,904Net Assets 2016: $1,723,4312016Assets 2017: $1,760,929Liabilities 2017: $21,667Net Assets 2017: $1,739,2622017Assets 2018: $1,608,388Liabilities 2018: $10,246Net Assets 2018: $1,598,1422018Assets 2019: $1,725,460Liabilities 2019: $7,923Net Assets 2019: $1,717,5372019Assets 2020: $2,285,188Liabilities 2020: $2,890Net Assets 2020: $2,282,2982020Assets 2021: $4,690,475Liabilities 2021: $2,885Net Assets 2021: $4,687,5902021Assets 2022: $4,138,161Liabilities 2022: $864Net Assets 2022: $4,137,2972022Assets 2023: $4,586,280Liabilities 2023: $0Net Assets 2023: $4,586,2802023Assets 2024: $5,201,422Liabilities 2024: $5,014Net Assets 2024: $5,196,4082024

Highlighted filing

2019

Assets$1,725,460
Liabilities$7,923
Net Assets$1,717,537

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $160,0132011Expenses 2012: $179,1072012Revenue 2013: $571,551Expenses 2013: $422,149Net Income 2013: $149,4022013Revenue 2014: $102,344Expenses 2014: $197,828Net Income 2014: -$95,4842014Revenue 2015: $262,134Expenses 2015: $362,233Net Income 2015: -$100,0992015Revenue 2016: $258,858Expenses 2016: $219,255Net Income 2016: $39,6032016Revenue 2017: $154,429Expenses 2017: $191,078Net Income 2017: -$36,6492017Revenue 2018: $231,180Expenses 2018: $225,159Net Income 2018: $6,0212018Revenue 2019: $299,664Expenses 2019: $206,567Net Income 2019: $93,0972019Revenue 2020: $655,637Expenses 2020: $160,226Net Income 2020: $495,4112020Revenue 2021: $2,211,567Expenses 2021: $211,510Net Income 2021: $2,000,0572021Revenue 2022: $408,669Expenses 2022: $281,978Net Income 2022: $126,6912022Revenue 2023: $139,931Expenses 2023: $256,874Net Income 2023: -$116,9432023Revenue 2024: $558,582Expenses 2024: $242,606Net Income 2024: $315,9762024

Highlighted filing

2019

Revenue$299,664
Expenses$206,567
Net Income$93,097
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 27, 2020
Return Version
2019v5.1
Gross Receipts
$1,255,283
Mission and Program Overview

Mission

Air university foundation seeks to raise funds to provide financial assistance to air university schools and agencies for the advancement of the study of air and space power.

To promote and improve military aerospace power and usaf operations in the u.s. And throughout the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,091,371$1,075,151▼ $16,220
Investments in Publicly Traded Securities$355,210$522,063▲ $166,853
Land, Buildings, and Equipment, Net$157,759$127,354▼ $30,405
Prepaid Expenses and Deferred Charges$574$574→ $0
Accounts Receivable$3,474$318▼ $3,156
Total Assets$1,608,388$1,725,460▲ $117,072
Liabilities
Deferred Revenue$2,056$5,068▲ $3,012
Other Liabilities$8,190$2,855▼ $5,335
Total Liabilities$10,246$7,923▼ $2,323
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,175,420$1,289,760▲ $114,340
Net Assets With Donor Restrictions$422,722$427,777▲ $5,055
Total Net Assets Fund Balance$1,598,142$1,717,537▲ $119,395
Total Liabilities and Net Assets / Fund Balance$1,608,388$1,725,460▲ $117,072

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$127,354$248,392$375,746
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph a Panza JrExecutive DirectorPT$56,620$56,620

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$118,819
Program Service Revenue
$0
Investment Income
$146,571
Other Revenue
$34,274
All Other Contributions
$118,819
Change in Net Assets
$93,097
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,375
Salaries, Compensation, and Employee Benefits$71,190
Total Fundraising Expense$46,506
Grants and Similar Amounts Paid$30,002
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$28,310$16,986$11,324$56,620
Depreciation Depletion$25,797$3,225$3,225$32,247
Grants to Domestic Orgs$30,002--$30,002
Fees for Service Investment Mgmnt Fees$12,976$1,622$1,622$16,220
Other Salaries and Wages$4,756$2,854$1,902$9,512
All Other Expenses$3,522$439$2,842$6,803
Office Expenses$3,891$517$757$5,165
Payroll Taxes$2,529$1,517$1,012$5,058
Fees for Services Accounting-$4,165-$4,165
Other Expenses$2,664-$23,416$2,664
Occupancy$1,249$167$250$1,666
Insurance$1,244$156$156$1,556
Total Functional Expenses$128,413$31,648$46,506$206,567
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$2,855
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A board meeting is held to discuss/review the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Issues are addressed with the officers and trustees at each regularly scheduled meeting.

Form 990, Part VI, Section B, Line 15A

There is only one compensated officer of the foundation, the executive director. His compensation was recommended and approved by the board of officers for presentation to the trustees who also voted and approved at a regularly scheduled meeting.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Air University Foundation
EIN
63-1106495
Phone
3349533174
Address
55 LEMAY PLAZA, MAXWELL AFB, AL 36112

Signing Officer

Name
Joseph a Panaza Jr
Title
Executive Director
Phone
3348533174
Signed
2020-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph a Panaza Jr
Formed
1994
Legal Domicile
Al
Voting Board Members
25
Independent Board Members
25
Employees
2
Volunteers
25

Preparer

Firm
Warren Averett LLC
Address
3815 INTERSTATE CT, MONTGOMERY, AL 36109
Preparer
D Clynton Hart Jr CPA
Phone
3342712200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

As of december 31, 2018, the organization has no uncertain tax positions that qualify for recognition or disclosure in the financial statements and no interest and penalties related to income taxes. The organization has filed its tax returns through december 31, 2017. The tax returns for years ended december 31, 2015 and thereafter are subject to audit by the taxing authorities.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0111522
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GrantAmt030002
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt030002
IRS990/GrantsToDomesticOrgsGrp/TotalAmt030002
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01067141
IRS990/GrossReceiptsAmt01255283
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0156
IRS990/InsuranceGrp/ManagementAndGeneralAmt0156
IRS990/InsuranceGrp/ProgramServicesAmt01244
IRS990/InsuranceGrp/TotalAmt01556
IRS990/InvestmentIncomeGrp/ExclusionAmt035049
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt035049
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0355210
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0522063
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0248392
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0157759
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0127354
IRS990/LandBldgEquipCostOrOtherBssAmt0375746
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0955619
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AIR UNIVERSITY FOUNDATION SEEKS TO RAISE FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO AIR UNIVERSITY SCHOOLS AND AGENCIES FOR THE ADVANCEMENT OF THE STUDY OF AIR AND SPACE POWER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01598142
IRS990/NetAssetsOrFundBalancesEOYAmt01717537
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0111522
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0111522
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt026298
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01175420
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01289760
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0250
IRS990/OccupancyGrp/ManagementAndGeneralAmt0167
IRS990/OccupancyGrp/ProgramServicesAmt01249
IRS990/OccupancyGrp/TotalAmt01666
IRS990/OfficeExpensesGrp/FundraisingAmt0757
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0517
IRS990/OfficeExpensesGrp/ProgramServicesAmt03891
IRS990/OfficeExpensesGrp/TotalAmt05165
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc1SALES SUPPLIES
IRS990/OtherExpensesGrp/Desc2DISPLAY SUPPLIES
IRS990/OtherExpensesGrp/Desc3BRICK PURCHASES
IRS990/OtherExpensesGrp/FundraisingAmt023416
IRS990/OtherExpensesGrp/ProgramServicesAmt05952
IRS990/OtherExpensesGrp/ProgramServicesAmt15521
IRS990/OtherExpensesGrp/ProgramServicesAmt22664
IRS990/OtherExpensesGrp/TotalAmt023416
IRS990/OtherExpensesGrp/TotalAmt15952
IRS990/OtherExpensesGrp/TotalAmt25521
IRS990/OtherExpensesGrp/TotalAmt32664
IRS990/OtherLiabilitiesGrp/BOYAmt08190
IRS990/OtherLiabilitiesGrp/EOYAmt02855
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0SPECIAL EVENT
IRS990/OtherRevenueMiscGrp/Desc1MISC
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt031635
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12639
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031635
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12639
IRS990/OtherRevenueTotalAmt034274
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01902
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02854
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04756
IRS990/OtherSalariesAndWagesGrp/TotalAmt09512
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01012
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01517
IRS990/PayrollTaxesGrp/ProgramServicesAmt02529
IRS990/PayrollTaxesGrp/TotalAmt05058
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0574
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0574
IRS990/PrincipalOfficerNm0JOSEPH A PANAZA JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORT OF MEMORIALS AND MUSEUMS HONORING DISTINGUISHED PAST LEADERS OF THE USAF.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02664
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTING AND IMPROVING MILITARY AEROSPACE POWER AND USAF OPERATIONS IN THE U.S. AND THE WORLD.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt095747
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0113492
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt025155
IRS990/PYInvestmentIncomeAmt096440
IRS990/PYOtherExpensesAmt0131794
IRS990/PYOtherRevenueAmt021248
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt06021
IRS990/PYSalariesCompEmpBnftPaidAmt068210
IRS990/PYTotalExpensesAmt0225159
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0231180
IRS990/QuidProQuoContributionsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$0.01$5.20$0.56$0.24$0.32
2023Detailed filing. Detailed filing data is available for this year.$4.59$0.00$4.59$0.14$0.26$0.12
2022Detailed filing. Detailed filing data is available for this year.$4.14$0.00$4.14$0.41$0.28$0.13
2021Detailed filing. Detailed filing data is available for this year.$4.69$0.00$4.69$2.21$0.21$2.00
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.28$0.66$0.16$0.50
2019Detailed filing. Detailed filing data is available for this year.$1.73$0.01$1.72$0.30$0.21$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.60$0.23$0.23$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.02$1.74$0.15$0.19$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.02$1.72$0.26$0.22$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.74$0.02$1.72$0.26$0.36$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.77$0.06$1.71$0.10$0.20$0.10
2013Detailed filing. Detailed filing data is available for this year.$1.77$0.03$1.74$0.57$0.42$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.01$1.54$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.02$1.53$0.16