Air Force Sergeants Association Scholarship Fund
- Assets
- $189.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suitland, MD
- Founding
- 09/1971
- Data as of
- 12/2023
- EIN
- 23-7135839
Organization Overview
Air Force Sergeants Association Scholarship Fund is located in Suitland, MD. The organization was established in 1971. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Air Force Sergeants Association Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Air Force Sergeants Association Scholarship Fund generated $52.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $24.5k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
AFSA SCHOLARSHIP PROGRAM: THE AIR FORCE SERGEANTS ASSOCIATION (AFSA) SCHOLARSHIP PROGRAM BEGAN IN 1968 WITH ONE $1,000 SCHOLARSHIP. TODAY, AFSA HAS AWARDED MORE THAN 869 SCHOLARSHIPS TOTALING MORE THAN $1,224,300 IN SCHOLASTIC FINANCIAL AID. THE SCHOLARSHIPS ARE FUNDED BY DONATIONS FROM AFSA MEMBERS, THE ASSOCIATION'S FIELD ACTIVITIES, AND MEMORIALS. SCHOLARSHIPS ARE AWARDED IN EACH PROGRAM BASED ON THE APPLICANT'S ACADEMIC RECORD, CHARACTER, LEADERSHIP SKILLS, WRITING ABILITY, VERSATILITY AND POTENTIAL FOR SUCCESS. FINANCIAL NEED IS NOT A CONSIDERATION, BUT SPONSORS MUST BE AFSA MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith A Reed Chairman | 1 | $0 | |
Brenda Hill Trustee | 1 | $0 | |
Juanita Weems Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,266 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,379 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,645 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $24,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $185,939 |
| Other assets | $0 |
| Total assets | $189,774 |
| Total liabilities | $0 |
| Net assets or fund balances | $189,774 |