philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Aaaa Scholarship Foundation INC

Tax-deductible

Monroe, CT501(c)(3)Since 1963Education EIN 06-0799487Revenue $1.9M in FY2024

On file with the IRSquad-a.org593 Main St, 06468-2806 · Monroe, CTTax-exempt since Mar 1968Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To administer the scholarships and life membership memorial grants to members, children, grandchildren, siblings and spouses of members and deceased members, of army aviation association of america INC. (Aaaa), an affiliated not for profit tax exempt organization. The scholarships and life membership memorial grants are awarded as financial assistance for college level education. The selection of the recipient is made by aaaasfi's board or their designated committee.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $508K a year · 44% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
167 mo
of spending, in cash
Looks good: 166.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $29K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+3% vs prior year
Spent
$743K
To programs
92%
Net assets
$10.7M
By yearFY2020–FY2024
Revenue
$1.9M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$465K
FY2021$868K
FY2023$1.4M
FY2024$1.8M
FY2024$1.9M
Expenses
$743K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$566K
FY2021$579K
FY2023$723K
FY2024$673K
FY2024$743K
Net assets
$10.7M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.4M
FY2021$8.9M
FY2023$8.1M
FY2024$9.6M
FY2024$10.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $686K Management & general 8% · $58K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

43 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Mr Tommy L Marks
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aaaa Scholarship Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides college scholarships and loans to Army Aviation Association of America members and their families.

Questions for Aaaa Scholarship Foundation INC

Tap to ask. Aaaa Scholarship Foundation INC sees how many people are interested.

Your first name shows with your question. Aaaa Scholarship Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $686K · in their own filed words · FY2024
01

Scholarships

The foundation administers scholarship awards to members and children, grandchildren, siblings, and spouses of members and deceased members of aaaa.

$686Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Vietnam Helicopter Pilots AssociationFY2025$29K
Total grants receivedfrom 1 funder$29K
Grants paid · 6 grants · $3.6M · 2020–2024
Unitemized GrantFY2024$685,750
Unitemized GrantFY2023$624,375
Unitemized GrantFY2022$672,500
Unitemized GrantFY2021$592,000
Unitemized GrantFY2021$538,500
Unitemized GrantFY2020$520,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Investment incomeLn 3$962K
Gifts and grantsLn 1h$938K
Money outPt IX
$743K
Ln 25
Programscol B$686K
Managementcol C$58K
Owns and owesPt X
$10.7M
net assets · Ln 32
Cash and savingsLn 1–2$10.3M
Total assetsLn 16$10.7M
LiabilitiesLn 26$4K
PeoplePt VI, VII
43
listed · VII A
PaidVII A0
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$938K
Investment incomeLn 3$962K
Gains on assetsLn 7$653K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$164K
SavingsLn 2$10.2M
Cash and savings togetherLn 1–2$10.3M
InvestmentsLn 11–13$380K
Other assetsLn 15$4K
Total assetsLn 16$10.7M
LiabilitiesLn 26$4K
Net assetsLn 32$10.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.8M$10.3M
InvestmentsLn 11–13$796K$380K
Total assetsLn 16$9.6M$10.7M
LiabilitiesLn 26$5K$4K
Net assetsLn 32$9.6M$10.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$686K$686K
Investment management feesLn 11f$58K$58K
Total functional expensesLn 25$743K$686K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.8M$673K$1.2M$9.6M 990 PDF
FY2023 $1.4M$723K$672K$8.1M 990 PDF
FY2022 Not on file
FY2021 $868K$579K$289K$8.9M 990 PDF
FY2020 $465K$566K−$101K$8.4M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,900,434 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,140,353$937,963
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $703,348$962,471
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,843,701$1,900,434
I-13 Grants and similar amounts paidPrior year $624,375$685,750
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,508$57,697
I-18 Total expensesPrior year $672,883$743,447
I-19 Revenue less expensesPrior year $1,170,818$1,156,987
Part VI · Governance 38 of 38 board members independent, 3 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,900,434 across 5 lines filed
VIII-1f All other contributions, gifts and grants$937,963
VIII-1h Total contributions, gifts and grants$937,963
VIII-3 Investment incomeExcluded from tax $309,908$309,908
VIII-7 Net gain or loss on sales of assetsExcluded from tax $652,563$652,563
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $962,471$1,900,434
Part IX · Statement of functional expenses $743,447 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $685,750$685,750
IX-11f Investment management feesManagement $57,697$57,697
IX-25 Total functional expensesPrograms $685,750 · Management $57,697 · Fundraising $0$743,447
Part X · Balance sheet $10,705,316 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $161,368$163,580
X-2 Savings and temporary cash investmentsStart of year $8,593,737$10,158,495
X-11 Publicly traded securitiesStart of year $796,465$379,586
X-15 Other assetsStart of year $3,576$3,655
X-16 Total assetsStart of year $9,555,146$10,705,316
X-25 Other liabilitiesStart of year $4,525$3,655
X-26 Total liabilitiesStart of year $4,525$3,655
X-27 Net assets without donor restrictionsStart of year $1,164,662$1,275,911
X-28 Net assets with donor restrictionsStart of year $8,385,959$9,425,750
X-32 Total net assets or fund balancesStart of year $9,550,621$10,701,661
X-33 Total liabilities and net assetsStart of year $9,555,146$10,705,316
Part XI · Reconciliation of net assets $10,701,661 net assets at year end
XI-1 Total revenue$1,900,434
XI-2 Total expenses$743,447
XI-3 Revenue less expenses$1,156,987
XI-4 Net assets at start of year$9,550,621
XI-5 Net unrealized gains (losses) on investments−$5,697
XI-9 Other changes in net assets−$250
XI-10 Net assets at end of year$10,701,661

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.