2026-09-24T13:00:48-05:00 2025-12-31 454084437 WARREN AVERETT LLC 105 TALLAPOOSA STREET STE 300 MONTGOMERY AL 36104 990 2025-01-01 631106495 AIR UNIVERSITY FOUNDATION AIRU 3349533174 325 CHENNAULT CIRCLE BLDG 1401 MAXWELL AFB AL 36112 JOSEPH A PANZA JR EXECUTIVE DIRECTOR 3348533174 2026-09-23 1 JERI GROCE P01333499 3342712200 2026-09-23 2025 JOSEPH A PANZA JR 325 CHENNAULT CIRCLE BLDG 1401 MAXWELL AFB AL 36112 2181939 0 X N/A X 1994 AL TO PROMOTE AND IMPROVE MILITARY AEROSPACE POWER AND USAF OPERATIONS IN THE U.S. AND THROUGHOUT THE WORLD. 24 24 2 24 0 0 114617 101888 0 0 438380 322921 5585 1885 558582 426694 33623 22434 0 0 70545 74338 0 0 17982 138438 180080 242606 276852 315976 149842 5201422 5730827 5014 7643 5196408 5723184 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. 0 0 22434 22434 0 STUDENT AND FACULTY MEMENTOS AND CASH GRANTS FOR EXCELLENCE IN WRITING, CONFERENCE SUPPORT AND MISCELLANEOUS PROGRAMS 180653 0 0 PROMOTING AND IMPROVING MILITARY AEROSPACE POWER AND USAF OPERATIONS IN THE U.S. AND THE WORLD. 203087 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JOSEPH A PANZA JR 3349533174 325 CHENNAULT CIRCLE BLDG 1401 MAXWELL AFB AL 36112 DR JACK HAWKINS JR PRESIDENT 1.00 0.00 X X 0 0 0 NIM FRAZER VICE PRESIDENT 1.00 0.00 X X 0 0 0 D BRUCE BARTON SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 VANCE LYNN ALEXANDER TRUSTEE 1.00 0.00 X X 0 0 0 TONY BAGGIANO TRUSTEE 1.00 0.00 X 0 0 0 DON BROWN TRUSTEE 1.00 0.00 X 0 0 0 JC CARTER TRUSTEE 1.00 0.00 X 0 0 0 LYNN M CARTER TRUSTEE 1.00 0.00 X 0 0 0 GREG COCHRAN TRUSTEE 1.00 0.00 X 0 0 0 EDWARD F CROWELL TRUSTEE 1.00 0.00 X 0 0 0 MARK DIERLAM TRUSTEE 1.00 0.00 X 0 0 0 CHUCK DILAURA TRUSTEE 1.00 0.00 X 0 0 0 TRENT H EDWARDS TRUSTEE 1.00 0.00 X 0 0 0 ROBERT FRYE TRUSTEE 1.00 0.00 X 0 0 0 DR NORMAN B HALPERN TRUSTEE 1.00 0.00 X 0 0 0 CHARLES JINRIGHT TRUSTEE 1.00 0.00 X 0 0 0 ANN MCKIMMON SIKES TRUSTEE 1.00 0.00 X 0 0 0 WILLARD SNYDER TRUSTEE 1.00 0.00 X 0 0 0 TODD STRANGE TRUSTEE 1.00 0.00 X 0 0 0 ROBERT TAFFET TRUSTEE 1.00 0.00 X 0 0 0 RAY WHITE TRUSTEE 1.00 0.00 X 0 0 0 SIEU TANG WOOD TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH A PANZA JR EXECUTIVE DIRECTOR 30.00 0.00 X 58004 0 0 58004 0 0 0 0 0 0 0 101888 101888 170089 170089 677 677 1896690 1743858 152832 152832 152832 12200 11387 813 813 FRAME SALES 900099 365 365 OTHER INCOME 900099 30 30 395 426694 395 0 324411 X 22434 22434 58004 29002 17401 11601 7288 3644 2186 1458 9046 4523 2714 1809 11150 11150 19312 19312 77376 77376 13367 10745 1281 1341 674 506 67 101 112 112 13327 10661 1333 1333 1666 1332 167 167 SUPPLIES 20296 20296 MEALS AND ENTERTAINMENT 12051 11777 137 137 HERITAGE RACE EXPENSE 10077 10077 DUES AND SUBSCRIPTIONS 354 284 35 35 318 318 276852 203087 55783 17982 15 43 200837 234552 574 574 442839 377109 79057 65730 4920621 5429610 318 318 5201422 5730827 5014 7643 5014 7643 X 1833044 2079275 3363364 3643909 5196408 5723184 5201422 5730827 149842 376934 0 X 0 0 0 X 1770572 122994 122489 114617 101888 2232560 1770572 122994 122489 114617 101888 2232560 2232560 50368 70632 86646 139896 170766 518308 2300 13450 5400 813 21963 1000 808 186 395 2389 2775220 0.80450 0.84910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2977357 416368 127090 3266635 2651079 804725 478447 2977357 2390140 492091 231152 2651079 2738359 50000 -232755 165464 2390140 500000 1628475 628065 18181 2738359 0.00000 1.00000 0.00000 0 0 442839 377109 65730 65730 1 AIR UNIVERSITY 55 LEMAY PLAZA SOUTH MAXWELL AFB AL 36112 999999999 115 22434 0 N/A N/A EDUCATIONAL SUPPORT 1 0 PART I, LINE 2: AIR UNIVERSITY FOUNDATION ASSESSES ASSISTANCE TO OTHER ORGANIZATIONS TO ENSURE THE FUNDS WILL BE USED IN ALIGN WITH THE FOUNDATION'S MISSION. 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 THE ORGANIZATION HAS ADOPTED A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO MEMBERS OF THE BOARD OF TRUSTEES, OFFICERS, EMPLOYEES, AND VOLUNTEERS WITH SIGNIFICANT DECISION-MAKING AUTHORITY. COVERED PERSONS ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST UPON BECOMING AWARE OF THEM AND COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. DISCLOSURE STATEMENTS ARE MAINTAINED AS PART OF THE ORGANIZATION'S OFFICIAL RECORDS. ACTUAL OR POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD OF TRUSTEES. IF A CONFLICT INVOLVES AN EMPLOYEE OTHER THAN THE EXECUTIVE DIRECTOR, THE EXECUTIVE DIRECTOR INITIALLY REVIEWS THE MATTER AND REPORTS THE RESULTS TO THE BOARD PRESIDENT, WHO DETERMINES WHETHER ADDITIONAL BOARD REVIEW IS NECESSARY. THE BOARD OF TRUSTEES EVALUATES PROPOSED TRANSACTIONS INVOLVING INTERESTED PERSONS TO DETERMINE WHETHER THE TRANSACTION IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE ORGANIZATION. INDIVIDUALS WITH AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN DELIBERATIONS OR DECISIONS REGARDING THE MATTER AND ARE NOT COUNTED FOR PURPOSES OF DETERMINING A QUORUM OR MAJORITY VOTE. ANY APPROVED TRANSACTION INVOLVING A CONFLICT OF INTEREST MUST BE AUTHORIZED BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS OF THE BOARD OF TRUSTEES. THE MINUTES OF THE MEETING DOCUMENT THE DISCLOSURE, THE ABSTENTION OF THE INTERESTED PERSON, AND THE ACTION TAKEN. 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SPEAKERS: PROGRAM SERVICE EXPENSES 77,376. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 77,376.