The Afit Foundation Air Force Institute Of Technology

Organization Overview

The Afit Foundation Air Force Institute Of Technology is located in Fairborn, OH. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Afit Foundation Air Force Institute Of Technology 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 12/2021, Afit Foundation Air Force Institute Of Technology generated $165.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.2%) each year. All expenses for the organization totaled $60.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

1. INFORM THE ALUMNI, FORMER FACULTY, AND FRIENDS EVERYWHERE OF THE MISSION, STATUS, GOALS, AND ACHIEVEMENTS OF AFIT; AND OF ITS ROLES IN THE COMMUNITY, THE AIR FORCE, AND IN DEFENSE-RELATED EDUCATION. 2. MANAGE THE DISTINGUISHED SPEAKER SERIES. 3. RECOGNIZE AFIT ALUMNI. 4.

Describe the Organization's Program Activity:

Part 3 - Line 4a

STUDENT ACTIVITIES SUPPORT TO ENHANCE THEIR OVERALL EXPERIENCE WHILE AT THE AIR FORCE INSTITUTE OF TECHNOLOGY (AFIT). THESE ACTIVITIES INCLUDE RECEPTIONS, GRADUATION GIFTS, REPLENISHMENT OF SNACK CLOSETS, AND PROVIDING "SHUT-IN" BOXES FOR STUDENTS WHO ARE QUARANTINED WITH COVID-19.


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Board, Officers & Key Employees

Name (title)Compensation
Major General David W Eidsaune
Chairman
$0
Dr Amber Bullock
Vice President
$0
Major General Everett G Odgers
VP Of Finance
$0
Sarah Boller
Secretary
$0
Dr Stephen Chambal
Trustee
$0
Megan Burk
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,061
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,061
Total Program Service Revenue$0
Investment income $158,366
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $165,326

Endowment Analysis

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