Nc State Student Aid Association
Nc State Student Aid Association reported $58.8 million in revenue and $46.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $96.57 went to program services, $1.72 to management and general costs and $1.71 to fundraising. Its largest source of revenue was contributions and grants: 84.4% of the total. The highest compensation it reported for one person was $427,582 (EXECUTIVE DIRECTOR). 6 people received more than $100,000 in reportable compensation. Revenue rose 110% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $46MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $59MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 84.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 12.1% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $427,582 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.92% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 26.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $403,400 | $0 | $24,182 | $427,582 |
| ASSOCIATE EXECUTIVE DIRECTOR Key employee, 40.00 hrs/week | $184,443 | $0 | $19,157 | $203,600 |
| DIRECTOR OF MAJOR GIVING Highest compensated employee, 40.00 hrs/week | $150,151 | $0 | $15,669 | $165,820 |
| DIRECTOR OF MARKETING AND COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $144,850 | $0 | $17,097 | $161,947 |
| SENIOR MAJOR GIFT OFFICER Highest compensated employee, 40.00 hrs/week | $118,268 | $0 | $16,123 | $134,391 |
| DIRECTOR OF ANNUAL GIVING Highest compensated employee, 40.00 hrs/week | $113,663 | $0 | $14,718 | $128,381 |
6 people received more than $100,000 in reportable compensation from Nc State Student Aid Association (Part VII, line 2). Compensation of current officers, directors and key employees totaled $649K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b21 · 21 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 534
- Volunteers Part I, line 655
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| NC STATE INVESTMENT FUND Investment management | $358,231 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to Nc State Student Aid Association totaling $411K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Nc State Student Aid Association's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nc State Student Aid Association, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Nc State Student Aid Association spent in FY2025, $96.57 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- San Francisco Conservatory of MusicSan Francisco, CA · revenue $59M · programs 69.8% · FY2025
- Ilead California Charters 1Acton, CA · revenue $59M · programs 91.9% · FY2025
- Monmouth CollegeMonmouth, IL · revenue $59M · programs 89.1% · FY2025
- Southern California University of Health SciencesWhittier, CA · revenue $59M · programs 63.4% · FY2025
- The University of Montana FoundationMissoula, MT · revenue $59M · programs 79.3% · FY2025
All education charities · Largest charities in North Carolina
Questions people ask
How much of Nc State Student Aid Association's spending goes to programs?
In the fiscal year ending June 30, 2025, Nc State Student Aid Association reported that 96.6% of its $46.2 million in expenses went to program services, 1.7% to management and general and 1.7% to fundraising (Form 990, Part IX).
How much does Nc State Student Aid Association pay its top executive?
The largest total compensation Nc State Student Aid Association reported for one person in the fiscal year ending June 30, 2025 was $427,582, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nc State Student Aid Association get its money?
Of $58.8 million in revenue in the fiscal year ending June 30, 2025, 84.4% came from contributions and grants and 12.1% from program service revenue (Form 990, Part VIII).
Is Nc State Student Aid Association a registered charity?
The IRS lists EIN 56-0650623 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600909349300245 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349306621 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349301034 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301329349303460 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349300508 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121179349300242 · read the filing
All filings for EIN 56-0650623: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.