Friends of the Air Force Academy Library
Nonprofit profile at a glance
- EIN
- 742457526
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-N 2024
- Location
- USAF Academy, CO, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $15,561
- Expenses
- $91,514
- Assets
- $1,692,422
- Liabilities
- $1,448
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- Erlind Royer (President)
- John Andrew (Vice President)
People named in this filing
- Erlind Royer (President)
- James Head (Secretary)
- John Andrew (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enhance the quality of the Academy's McDermott library, enabling it to acquire materials, pursue projects, and broaden its scope of activities beyond those made possible by Air Force allocated funds.
What it reported doing in 2024
The USAF Academy's McDermott Library has benefited by the organization's efforts in collection, preservation, conservation, and documentation of pertinent historical documents, audio-visual materials, photographs, and artifacts, as well as purchase of books and artifacts. Specifically, the organization has identified and restored fragile audio and visual media found in the library, helped digitize archival materials and established a dedicated facility for such materials within special collections. We have developed, edited, and uploaded finding aids to the library's searchable database, making many collections now searchable online. In addition, the organization solicited, received, processed, and gifted to the McDermott Library several valuable historical collections, updated a complete set of guidelines for all phases of access, digitizing, archiving, and producing searchable finding aids for donated collections. The organization's website has been updated and reflects current content. And finally, the organization awarded one Clark-Yudkin Research Fellowship to a scholar who used the special collections.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 38
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 73.4%; rating input score 73
- Fundraising efficiency: $8.75 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -488.1%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 18.49; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: -14.5% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 73.4% of spending went to programs
- Governance: 20 of 20 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $67K in reported program spending
- Leadership: top reported pay $0 · 20 people listed
- Consistency: 17 of 17 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 50/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.