2025-09-11T13:39:18-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-01-01 541659039 MILITARY OFFICERS ASSOCIATION OF AMERICA SCHOLARSHIP FUND MILI 7035492311 201 N WASHINGTON STREET ALEXANDRIA VA 22314 REGINA D CHAVIS CFO, EXECUTIVE VICE PRESIDENT 7038388169 2025-09-10 1 0 ROBERT WILLIAMS P01345960 5712279500 2025-09-09 2024 2025-03-06 01:10:19Z REGINA D CHAVIS 201 N WASHINGTON STREET ALEXANDRIA VA 22314 51660686 0 X WWW.MOAA.ORG/SCHOLARSHIPFUND X 1993 VA PROVIDE LOANS & GRANTS FOR UNDERGRADUATE EDUCATION TO CHILDREN OF MILITARY FAMILIES. 8 8 0 8 0 0 1862185 3560909 0 0 2417080 5041725 -37808 -54772 4241457 8547862 3092050 4350500 0 0 633336 775994 0 0 311728 1096803 1231170 4822189 6357664 -580732 2190198 164229326 172236283 1982000 1675126 162247326 170561157 PROVIDE INTEREST-FREE LOANS AND GRANTS FOR UNDERGRADUATE EDUCATION TO CHILDREN OF FORMER, ACTIVE, AND RETIRED COMMISSIONED OR WARRANT OFFICERS OF THE SEVEN UNIFORMED SERVICES, AND TO CHILDREN OF ACTIVE OR RETIRED ENLISTED MEMBERS OF THE ARMED FORCES. 0 0 5000085 4033500 PROVIDED APPROXIMATELY $6.5 MILLION IN INTEREST-FREE LOANS AND $4 MILLION IN GRANTS FOR UNDERGRADUATE EDUCATION TO STUDENTS FROM MILITARY FAMILIES. INTEREST-FREE LOANS WERE FOR $7,000 OR $7,500 EACH. GRANTS RANGED FROM $500 TO $12,000. IN ADDITION, OUTSTANDING INTEREST-FREE LOANS WERE RELEASED TO MORE THAN 3,470 MILITARY CHILDREN EQUATE TO OVER $2,185,887 IN DIRECT SAVINGS TO STUDENTS (BASED ON AN AVERAGE INTEREST RATE OF 6%). ALL DONATED FUNDS SUPPORT EDUCATIONAL ASSISTANCE. NO DONATED FUNDS WERE USED FOR OPERATIONAL EXPENSES. 317000 317000 PROVIDED AMERICAN PATRIOT GRANTS TO 31 STUDENTS WHOSE MILITARY PARENT DIED WHILE IN ACTIVE MILITARY SERVICE TO OUR COUNTRY OR WHOSE MILITARY PARENT COLLECTED T-SGLI. 5317085 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 AR CA FL HI IL KS KY MD MA MI MN MS NC ND NH NJ NM NY OR PA RI SC TN WV WI VA X X REGINA D CHAVIS 7038288102 201 N WASHINGTON STREET ALEXANDRIA VA 22314 COL LUCRETIA M MCCLENNEY CHAIR (UNTIL 10/24) 1.00 2.00 X X 0 0 0 COL ROJAN ROBOTHAM MEMBER (UNTIL 10/24) 1.00 2.00 X 0 0 0 VIRGINIA JOYCE MEMBER 1.00 3.00 X 0 0 0 CWO4 LELIA P JACKSON MEMBER 1.00 3.00 X 0 0 0 COL STEPHANIE E DAWSON MEMBER 1.00 1.00 X 0 0 0 MG GEORGE A ALEXANDER MEMBER 1.00 2.00 X 0 0 0 VADM FRED M MIDGETTE MEMBER 1.00 2.00 X 0 0 0 LT COL KARON L UZZELL-BAGGETT MEMBER 1.00 1.00 X 0 0 0 LT GEN BRIAN T KELLY PRESIDENT/CEO 1.00 34.00 X 0 535181 88563 COL JAMES O'BRIEN EXECUTIVE VICE PRESIDENT/COO 1.00 34.00 X 0 351824 24644 REGINA D CHAVIS EXECUTIVE VICE PRESIDENT/CFO 1.00 34.00 X 0 318051 19589 MAJ GEN JOSEPH G LYNCH GENERAL COUNSEL, CORPORATE SECRETARY 1.00 34.00 X 0 318433 13183 0 1523489 145979 0 0 1 0 0 54592 3506317 3560909 663910 663910 47435867 43058052 4377815 4377815 4377815 0 54592 54772 -54772 -54772 8547862 0 0 4986953 4350500 4350500 620519 384722 105488 130309 111080 68869 18884 23327 44395 27525 7547 9323 1156 1156 32872 32872 543096 543096 479130 386642 795 91693 41854 29208 12646 20808 12901 3537 4370 9924 6153 1687 2084 9403 4340 1190 3873 40432 25068 6873 8491 PRINTING 34536 12167 3336 19033 POSTAGE 8624 3202 803 4619 TAXES 4723 2928 803 992 COMMUNICATIONS 3520 2183 598 739 1092 677 186 229 6357664 5317085 728851 311728 5323311 1663440 6196542 7730609 739040 715001 37985997 36431448 16275 10900 104838738 116114245 6055799 6305805 3073624 3264835 164229326 172236283 12002 8753 1969998 1666373 1982000 1675126 X 126326022 136450404 35921304 34110753 162247326 170561157 164229326 172236283 X 2190198 6001243 122390 X 0 1 X 1 0 X 4472286 10402858 5948920 1862185 3560909 26247158 4472286 10402858 5948920 1862185 3560909 26247158 3504102 22743056 349125 205870 496853 1250670 663910 2966428 -13 162 50 199 29213785 0.77850 0.76860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31078722 2927649 694912 33311459 27869737 14259 3508726 314000 31078722 32378311 6875 -3938499 -577000 27869737 25831631 12390 7087290 -553000 32378311 24177709 18260 2160662 -525000 25831631 0.00000 0.67780 0.32220 0 0 0 SPLIT-INTEREST LIABILITIES 1173072 DUE TO MOAA 493301 1666373 X 14183171 6001243 122390 6123633 8059538 543096 -54772 488324 8547862 5869340 54772 54772 5814568 543096 543096 6357664 PART V, LINE 4: PROVIDE INTEREST-FREE LOANS AND GRANTS FOR UNDERGRADUATE EDUCATION TO CHILDREN FROM MILITARY FAMILIES. PART X, LINE 2: THE SCHOLARSHIP FUND IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THE SCHOLARSHIP FUND HAS ADOPTED THE GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE ADOPTION OF THIS STANDARD HAD NO IMPACT ON THE SCHOLARSHIP FUND'S FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN ANNUITY TRUSTS 165,372. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 25,838. CHANGE IN SPLIT INTEREST LIABILITIES -68,820. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -54,772. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 54,772. GOLF EVENT 54592 54592 54429 343 54592 54592 54429 343 54772 -54772 1 BOARD GRANT 971 2862000 N/A N/A DESIGNATED SCHOLAR GRANT 891 445500 N/A N/A GOLDENRATH GRANT 41 410000 N/A N/A AMERICAN PATRIOT GRANT 31 317000 N/A N/A CROZIER GRANT 13 130000 N/A N/A MASON GRANT 10 100000 N/A N/A RATAY GRANT 5 50000 N/A N/A BOARD NAMED SENIOR GRANT 3 36000 N/A N/A PART I, LINE 2: WE REQUIRE STUDENTS TO PROVIDE COPIES OF THEIR TRANSCRIPTS UPON COMPLETION OF THE COURSE WORK. 0 0 0 0 0 0 0 0 0 LT GEN BRIAN T KELLY PRESIDENT/CEO 0 445000 0 84125 0 6056 0 88475 0 88 0 623744 0 0 COL JAMES O'BRIEN EXECUTIVE VICE PRESIDENT/COO 0 293507 0 51295 0 7022 0 22600 0 2044 0 376468 0 0 REGINA D CHAVIS EXECUTIVE VICE PRESIDENT/CFO 0 259756 0 51273 0 7022 0 18501 0 1088 0 337640 0 0 MAJ GEN JOSEPH G LYNCH GENERAL COUNSEL, CORPORATE SECRETARY 0 268560 0 42285 0 7588 0 12594 0 589 0 331616 0 0 PART I, LINE 4 THE MILITARY OFFICERS ASSOCIATION OF AMERICA SCHOLARSHIP FUND DOES NOT DIRECTLY COMPENSATE ANY OFFICERS, DIRECTORS, EMPLOYEES OR BOARD MEMBERS BUT RECEIVES ALL STAFF SUPPORT FROM THE MILITARY OFFICERS ASSOCIATION OF AMERICA (MOAA). SALARIES OF MOAA OFFICERS AND EMPLOYEES WHO SUPPORT THE SCHOLARSHIP FUND ARE ALLOCATED ON A PERCENTAGE OF TIME SPENT BASIS. ALL OF THE OFFICERS AND EMPLOYEES OF MOAA SUPPORT BOTH ORGANIZATIONS, AS WELL AS THE MOAA FOUNDATION. THE MILITARY OFFICERS ASSOCIATION OF AMERICA UTILIZES THE FOLLOWING WHEN ESTABLISHING THE COMPENSATION: THE CHAIRMAN OF THE BOARD APPOINTS A PRESIDENTIAL ASSESSMENT COMMITTEE TO EVALUATE THE CEO'S PERFORMANCE ALIGNED WITH OUR STRATEGIC GOALS USING DATA, INPUT FROM THE CEO, CORPORATE OFFICERS AND VICE PRESIDENTS, AND BOARD MEMBER FEEDBACK. ASSESSMENT COMMITTEE RELAYS ITS FINDINGS TO THE COMPENSATION COMMITTEE WHICH USES FORMS 990 FROM OTHER MILITARY VETERAN NON-PROFITS; AND SALARY SURVEY DATA FROM THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES' (ASAE) ASSOCIATION AND COMPENSATION STUDY, ASSOCIATIONS TRENDS, THE COMPENSATION REPORT, AMONG OTHERS, TO DETERMINE FAIR AND REASONABLE COMPENSATION FOR THE PRESIDENT. ASAE, FOR EXAMPLE, PUBLISHES AN ANNUAL NATIONAL COMPENSATION SURVEY OF PROFESSIONAL ASSOCIATIONS THAT TAKES INTO ACCOUNT THE SCOPE AND SIZE OF THE ASSOCIATION; TYPE OF INDUSTRY; ANNUAL GROSS REVENUES AND LOCATION OF ASSOCIATION HEADQUARTERS. COMPENSATION COMMITTEE THEN MEETS AND REVIEWS ALL COMPARABILITY DATA; AND RECOMMENDS ANNUAL COMPENSATION TO THE ENTIRE BOARD WHO DELIBERATE, DOCUMENT, AND APPROVE THE PRESIDENT'S ANNUAL COMPENSATION. MINUTES OF BOTH THE COMPENSATION COMMITTEE AND CLOSED BOARD DELIBERATIONS ARE DOCUMENTED. THE PROCESS WAS LAST UNDERTAKEN IN 2024. FOR OTHER OFFICERS, VICE-PRESIDENTS AND KEY EMPLOYEES, HUMAN RESOURCES REVIEWS COMPETITIVE MARKET ANALYSIS BY AN INDEPENDENT CONSULTANT (PRM CONSULTING) WHICH DETERMINES THE APPROPRIATE PAY CORRIDOR FOR EACH POSITION. PRM MATCHES MOAA POSITION DESCRIPTIONS TO THE SAME OR SIMILAR POSITIONS COVERED IN THE MOST RELEVANT PUBLISHED PAY SURVEYS. ONCE MATCHED, MOAA IS GIVEN A COMPETITIVE CORRIDOR FOR EACH POSITION. PERFORMANCE EVALUATIONS ARE ALSO USED IN DETERMINING COMPENSATION. COMPENSATION COMMITTEE THEN MEETS AND REVIEWS COMPARABILITY DATA; AND RECOMMENDS PERCENT INCREASE TO THE PERSONNEL BUDGET LINE TO THE ENTIRE BOARD FOR DELIBERATION AND APPROVAL. MINUTES OF BOTH THE COMPENSATION COMMITTEE AND CLOSED BOARD DELIBERATIONS ARE DOCUMENTED. ONCE APPROVED, THE PRESIDENT THEN DETERMINES COMPENSATION FOR OFFICERS, VICE-PRESIDENTS AND KEY EMPLOYEES WITHIN BOARD GUIDELINES AND INTENT. THE PROCESS WAS LAST UNDERTAKEN IN 2024. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF THE MILITARY OFFICERS ASSOCIATION OF AMERICA PROVIDES, AND APPOINTS THE BOARD OF THE SCHOLARSHIP FUND (SF). THERE ARE SIX BOARD MEMBERS IN THE SCHOLARSHIP FUND BOARD BY THE END OF 2024. SF BOARD MEMBERS ARE COL. LUCRETIA M. MCCLENNEY (RETIRED) - CHAIRMAN OF THE BOARD; COL ROJAN J ROBOTHAM - SF BOARD MEMBER; CWO4 LELIA P JACKSON (RETIRED) - SF BOARD MEMBER; MRS. VIRGINIA "GAIL" JOYCE - SF BOARD MEMBER; COL. STEPHANIE E DAWSON (RETIRED) - SF BOARD MEMBER. COL. LUCRETIA MCCLENNEY AND COL ROJAN ROBOTHAM SERVED BOARD TERM 2022-2024 AND STEPPED DOWN AFTER OCTOBER 2024 BOARD MEETING. THE REST OF THE 2022-2024 SF BOARD MEMBERS CONTINUED TO SERVE. THREE NEW SF BOARD MEMBERS VADM FRED M. MIDGETTE, MG GEORGE A ALEXANDER, AND LT COL KARON L UZZELL-BAGGETT (TERM 2024-2026) JOINED SINCE OCTOBER 2024. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF THE MILITARY OFFICERS ASSOCIATION OF AMERICA CAN REMOVE BOARD MEMBERS OF THE SCHOLARSHIP FUND, DETERMINE THE DISPOSITION OF ANY REMAINING FUNDS ON DISSOLUTION OF THE FUND, AND MUST APPROVE ANY AMENDMENTS OR REVISIONS TO THE ARTICLES OR BYLAWS OF THE FUND. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS AND THE FINANCE AND AUDIT COMMITTEE REVIEW AND APPROVE THE RETURN BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C MOAA CONDUCTS A FOUR HOUR ORIENTATION PROGRAM FOR ALL NEWLY APPOINTED BOARD MEMBERS. AS PART OF THIS ORIENTATION, ALL NEWLY APPOINTED BOARD MEMBERS ARE BRIEFED ON THEIR RESPONSIBILITIES AS BOARD MEMBERS. THIS INCLUDES A BRIEFING ON THEIR RESPONSIBILITIES TO AVOID TRANSACTIONS THAT MIGHT INVOLVE CONFLICTS OF INTEREST. IN ADDITION, EACH BOARD MEMBER IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ONCE EACH YEAR TO DISCLOSE ANY BUSINESS OR PERSONAL RELATIONSHIPS THAT MIGHT RESULT IN A CONFLICT OF INTERESTS. THE MOAA GENERAL COUNSEL PERSONALLY REVIEWS EACH BOARD MEMBER'S RESPONSES. THE GENERAL COUNSEL MONITORS MATTERS COMING BEFORE THE BOARD FOR ACTION AND ENSURES THAT BOARD MEMBERS WITH POTENTIAL CONFLICTS ARE RECUSED AND TAKE NO ACTION ON MATTERS IN WHICH THEY HAVE AN INTEREST. THE GENERAL COUNSEL ALSO REVIEWS ALL SIGNIFICANT TRANSACTIONS AND ENSURES BOARD MEMBERS ARE NOT INVOLVED IN SUCH MATTERS. THE GENERAL COUNSEL REPORTS ANY POTENTIAL CONFLICTS AND THE REMEDIAL ACTION TAKEN TO THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST LIABILITIES -68,820. CHANGE IN BENEFICIAL INTEREST IN ANNUITY TRUSTS 165,372. CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS 25,838. MILITARY OFFICERS ASSOCIATION OF AMERICA 201 N WASHINGTON ST ALEXANDRIA VA 22314 530172821 PROVIDING ADVOCACY AND GUIDANCE TO MEMBERS OF THE MILITARY VA 501(C)(19) N/A 0 THE MOAA FOUNDATION 201 N WASHINGTON STREET ALEXANDRIA VA 22314 464219250 CHARITABLE AND EDUCATIONAL PROGRAMS,SUPPORT TO MILITARY MEMBERS AND FAMILIES VA 501(C)(3) LINE 7 MILITARY OFFICERS ASSOCIATION OF AMERICA 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 MILITARY OFFICERS ASSOCIATION OF AMERICA P 316682 FMV MILITARY OFFICERS ASSOCIATION OF AMERICA O 775994 FMV