FALCON FOUNDATION
3116 Academy Drive, USAF Academy, CO 808404400 www.falconfoundation.org

Total Revenue
$942,868
Total Expenses
$921,982
Net Assets
$25,542,090

Organizations Filed Purposes: The mission of the Falcon Foundation is to further the opportunity for highly motivated, exceptional, young men and women to attend the United States Air Force Academy (continued on Sch. O)

TO FURTHER THE OPPORTUNITY FOR HIGHLY MOTIVATED, EXCEPTIONAL, YOUNG MEN AND WOMEN TO ATTEND THE UNITED STATE AIR FORCE ACADEMY THROUGH THE AWARD OF FALCON FOUNDATION SCHOLARSHIPS

Scholarship program- The Falcon Foundation provides up to 100 annual scholarships to attend one of five preparatory schools to allow Falcon scholars to qualify for admission into the USAF Academy the following year. Each Falcon Scholarship is a function of school tuition, room and board (50%), school scholarship( 25%), and family cost (25%). Falcon Scholars may choose to attend one of five prep schools offered by the Falcon Foundation. Each school has a different tuition, room and board cost which causes the scholarship amount per Falcon Scholar to vary from school to school.

Academy & Foundation Programs- The Falcon Foundation, through their Academy Programs, provides annual sums to support three programs as per the donors' desires. The fiscal year programs were: Aero Department's Engine propulsion trip, Aero Department's Flight Trip, and the Summer Seminar Program (SSP). The SSP sponsors high schools students to spend a week at USAFA providing them first-hand knowledge of the Academy's academic, athletic, military, and character and leadership opportunities. Foundation programs include the Scholar's Banquet, Prep School Workshop, and Falcon Scholar / Prep School mentorship.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jay KelleyPresident20$125,849
Nicholas WilsonAudit Committee Chair1$0
Kate MacintoshAt Large Governing Trustee1$0
Edward RiceGov & Strat Chr / At Large Gov1$0
Carolyn BenyshekScholarship Committee Chair1$0
John DallagerCompensation Committee Chair1$0
Susan DesjardinsAt Large Governing Trustee1$0
Leon JohnsonNominating Committee Chair1$0
Charles HeflebowerAt Large Governing Trustee1$0
Donald ShepperdNominating Committee Chair1$0
Kathy BarchickInvestment Committee Chair1$0
Terry GabreskiGovernance & Strategy Chair1$0
Jason HermanFinance Committee Chair1$0
Tony RobertsonVice Chairman1$0
Rita JordanSecretary1$0
Dale MeyerroseTreasurer1$0
Andrea AndersenVP and General Counsel1$0
Matthew ByrdVice President1$0
William BegertChairman / Vice Chairman1$0
Victor E RenuartChairman1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202130629349300733_public.xml