Usafa Endowment Inc in Usaf Academy, Colorado (CO)

Organization representatives - add corrected or new information about Usafa Endowment Inc »

Non-representatives - add comments about Usafa Endowment Inc»

Usafa Endowment Inc
Employer Identification Number (EIN)260537053
Name of OrganizationUsafa Endowment Inc
In Care of NameDennis Scruggs Cfo
Address3116 Academy Dr Unit 200, Usaf Academy, CO 80840-4403
SubsectionCharitable Organization
Ruling Date03/2008
DeductibilityContributions are deductible
FoundationOrganization which operates for benefit of college or university and is owned or operated by a governmental unit
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$40,772,200
Amount of Income$21,427,496
Form 990 Revenue Amount$14,987,065
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


Non-representatives - add comments:


CAPTCHA

Your IP address 54.196.2.131 will be logged.

Amount of income in 2013: $21,427,496 (it was $27,969,255 in 2012)
This organization: 

 $21,427,496
Other organizations performing similar types of work: 

 $105,489

Assets in 2013: $40,772,200 (it was $35,163,374 in 2012)
Usafa Endowment Inc: 

 $40,772,200
Other organizations performing similar types of work: 

 $325,460

Expenses in 2013: $7,141,546
Usafa Endowment Inc: 

 $7,141,546
Other organizations performing similar types of work: 

 $49,058

Income to expenses ratio in 2013: 3.0
This organization: 

 3.0
Other organizations performing similar types of work: 

 1.0

Employees paid over $100,000 in 2013: 36.8%
This organization: 

 36.8%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 99.0%
This organization: 

 99.0%
Other organizations performing similar types of work: 

 22.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?YesYes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10961014
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return1719
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$832,286$766,958
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$125,484$103,512
Total number of individuals who received more than $100,000 of reportable compensation from the organization55
Total number of independent contractors who received more than $100,000 of compensation from the organization32
Statement of Revenue
201120122013
Total revenue$16,670,829$18,208,893$14,987,065
Contributions, Gifts, Grants and Other Similar Amounts$16,520,731$17,929,911$14,835,752
Program Service Revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$134,304$189,644$141,841
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$17,571$83,127$9,472
Gross amount from sales of assets other than inventory (Securities / Other)$3,066,260 / $0$9,843,489 / $0$6,449,903 / $0
Less: cost or other basis and sales expenses (Securities / Other)$3,048,689 / $0$9,760,362 / $0$6,440,431 / $0
Gain or (loss) (Securities / Other)$17,571 / $0$83,127 / $0$9,472 / $0
Net income/loss from fundraising events$-1,777$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$6,211$0
Statement of Functional Expenses
201120122013
Total functional expenses$3,719,027$16,433,429$7,141,546
Grants and other assistance to domestic organizations and domestic governments$13,949,756$4,778,070
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$594,428$819,098$731,797
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$553,104$461,460$369,120
Pension plan accruals and contributions$49,660$50,238
Other employee benefits$99,973$188,986
Payroll taxes$82,144$83,094$77,758
Fees for services (non-employees)
Management$69,730$9,990
Legal$19,940$46,848
Accounting$16,217$17,063
Lobbying$0$0
Professional fundraising services$140,392$141,252$147,587
Investment management fees$0$0
Other$0$18,183
Advertising and promotion$20,845$19,117
Office expenses$11,988$22,006
Information technology$16,787$13,079
Royalties$0$0
Occupancy$89,999$91,860
Travel$133,236$123,538
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$135,919$77,981
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$20,317$5,752
Insurance$0$0
Other expenses$146,890$151,864
Other expenses$45,470$70,001
Other expenses$42,771$51,925
Other expenses$59,027$78,783
Balance Sheet
201120122013
Total assets$27,998,720$35,163,374$40,772,200
Cash - non-interest-bearing$1,000$1,000
Savings and temporary cash investments$7,452,030$5,921,594
Pledges and grants receivable, net$20,095,656$20,182,344
Accounts receivable, net$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$51,192$52,763
Land, buildings, and equipment: cost or other basis$33,356$32,307
Investments - publicly traded securities$7,364,212$14,444,280
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$165,928$137,912
Total liabilities$647,343$5,779,877$3,529,311
Accounts payable and accrued expenses$225,680$113,920
Grants payable$5,554,197$3,415,391
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$27,351,377$29,383,497$37,242,889
Unrestricted net assets$1,925,034$1,214,992
Temporarily restricted net assets$27,458,463$36,027,897
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$49,704,911
Subtotal Support$65,003,559
Gifts, grants, contributions, and membership fees received$65,003,559
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$15,298,648
Total Support$65,659,196
Public Support$65,003,559
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$649,426
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$6,211
Gross receipts from related activities, etc.$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Usafa Endowment Inc to others? (optional)
  
Add photo of Usafa Endowment Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Usafa Endowment Inc3116 Academy Dr Unit 200, Usaf Academy, CO 80840-4403CO2008-03$21,427,496
2The Boedecker Foundation2120 13th St, Boulder, CO 80302-4802CO2008-03$17,291,162
3The Anna And John J Sie Foundation, Sie Anna And John J Sie Ttee3300 East 1st Ave, Denver, CO 80206-5810CO2006-05$15,341,277
4Seay Foundation2 N Cascade Ave Ste 560, Colorado Spgs, CO 80903-1613CO1965-06$14,817,336
5Staley Family FoundationPO BOX 19000, Avon, CO 81620-9010CO2009-12$10,412,512
6Alpenglow FoundationPO BOX 7609, Aspen, CO 81612-7609CO2013-01$6,997,963
7R David And Suzanne A Hoover Charitable Trust7209 Rustic Trl, Boulder, CO 80301-3938CO2012-10$5,875,206
8Ajl Charitable FoundationPO BOX 3339, Littleton, CO 80161-3339CO2011-06$4,917,256
9The Ponzio Family Foundation34350 Stagecoach Blvd, Evergreen, CO 80439-7913CO2002-01$4,062,286
10Lloyd L King And Eleanor R King Foundation26 W Dry Creek Cir Ste 450, Littleton, CO 80120-8064CO2008-09$4,012,580
11Ricketts Conservation Foundation1395 S Platte River Dr, Denver, CO 80223-3467CO2014-08$3,099,682
12Rakowich Family Foundation Inc1700 Lincoln Street Mac C7300-498, Denver, CO 80203-4500CO2014-01$2,998,328
13Society Of Economic Geologist Foundation Inc7811 Shaffer Pkwy, Littleton, CO 80127-3732CO1967-01$2,756,161
14The Maggiegeorge Foundation3033 E 1st Ave Ste 400, Denver, CO 80206-5619CO1999-08$2,433,079
15Thomas E Lemons Foundation215 S Monarch St Ste 102, Aspen, CO 81611-2915CO1998-12$2,401,093
16Scp Foundation, Richard L Smith Ttee377 Fairchild Dr, Hghlnds Ranch, CO 80126-4751CO2013-02$2,158,017
17Ball FoundationPO BOX 9005, Broomfield, CO 80021-0905CO2013-05$1,901,505
18Clough Family FoundationPO BOX 930, Palisade, CO 81526-0930CO2009-11$1,860,922
19Living Rock Foundation1544 Oxbow Dr Ste 200, Montrose, CO 81401-5190CO2012-09$1,855,642
20Marcus Foundation250 Jasmine St, Denver, CO 80220-5900CO2009-06$1,833,059
Number of organizations performing similar types of work
Alaska25
Alabama219
Arkansas78
Arizona303
California2,586
Colorado408
Connecticut419
District of Columbia111
Delaware583
Florida1,525
Georgia481
Hawaii85
Iowa178
Idaho58
Illinois1,113
Indiana311
Kansas157
Kentucky167
Louisiana161
Massachusetts705
Maryland425
Maine85
Michigan619
Minnesota384
Missouri346
Mississippi70
Montana69
North Carolina788
North Dakota20
Nebraska169
New Hampshire75
New Jersey876
New Mexico92
Nevada215
New York2,617
Ohio698
Oklahoma228
Oregon208
Pennsylvania1,086
Rhode Island184
South Carolina171
South Dakota32
Tennessee266
Texas1,263
Utah274
Virginia477
Vermont54
Washington401
Wisconsin354
West Virginia69
Wyoming63
International44
Total22,395

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Usafa Endowment Inc and has no official or unofficial affiliation with Usafa Endowment Inc