National Association of Student Financial Aid Administrators
National Association of Student Financial Aid Administrators reported $15.4 million in revenue and $13.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.16 went to program services, $19.84 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 71.4% of the total. Government grants made up 8.3%. The highest compensation it reported for one person was $364,147 (INTERIM PRESIDENT & CEO). 20 people received more than $100,000 in reportable compensation. Revenue rose 92% 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 $14MFor 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 $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 21.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 8.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 71.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $364,147 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.67% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 20 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 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 expenseMembership services:this is the umbrella for a variety of initiatives focused on meeting nasfaa's strategic initiative of providing proactive education opportunities and research information. It also provides for travel, meals and lodging for the various volunteer committees and boards, printing and mailing of publications including a magazine
Board designated fund expenses:operating reserve fund - this fund has been established to meet unusual income short-falls, or to help properly terminate operations if the association were dissolved.project development fund - this fund has been established to help fund new initiatives and development of new programs.strategic technology fund - this fund was established to underwrite new technology initiatives and invest in technology upgrades
Grants: received are used for various initiative such as educating the public, colleagues, and congressional members about relevant topics in federal student aid through research and advocacy work
Highest 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 |
|---|---|---|---|---|
| INTERIM PRESIDENT & CEO Officer, 40.00 hrs/week | $302,888 | $0 | $61,259 | $364,147 |
| PRESIDENT & CEO Former, 40.00 hrs/week | $278,894 | $0 | $45,110 | $324,004 |
| DIRECTOR OF CLIENT SERVICES Highest compensated employee, 40.00 hrs/week | $254,451 | $0 | $26,923 | $281,374 |
| VICE PRESIDENT Key employee, 40.00 hrs/week | $208,380 | $0 | $49,436 | $257,816 |
| SENIOR BUSINESS DEVELOPMENT SPECIALIST Highest compensated employee, 40.00 hrs/week | $204,128 | $0 | $24,368 | $228,496 |
| VICE PRESIDENT Key employee, 40.00 hrs/week | $174,242 | $0 | $40,040 | $214,282 |
| VICE PRESIDENT Key employee, 40.00 hrs/week | $158,752 | $0 | $44,674 | $203,426 |
| VICE PRESIDENT Highest compensated employee, 40.00 hrs/week | $147,917 | $0 | $42,697 | $190,614 |
20 people received more than $100,000 in reportable compensation from National Association of Student Financial Aid Administrators (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (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–1b18 · 18 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 567
- Volunteers Part I, line 6365
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LEVY RESTAURANTS LIMITED PARTNERSHIP Food and beverage for 2024 national conf | $348,471 |
| CHERRY BEKAERT ADVISORY LLC Outsourced accounting | $297,310 |
| COMPLETE NETWORK INTEGRATION INC Outsourced it services | $258,609 |
| MODERN SIGNAL LLC Web design 7 database development | $198,858 |
| MAC PRODUCTIONS INC Audio/visual services at the 2023 nation | $198,188 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to National Association of Student Financial Aid Administrators totaling $156K 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 National Association of Student Financial Aid Administrators's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for National Association of Student Financial Aid Administrators, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 National Association of Student Financial Aid Administrators spent in FY2025, $80.16 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- SEIU 503 Training PartnershipPortland, OR · revenue $15M · programs 75.4% · 2024
- Montserrat College Of ArtBeverly, MA · revenue $15M · programs 72.2% · FY2025
- Therapeutic Learning CenterWillingboro, NJ · revenue $15M · programs 100.0% · FY2025
- University Lake SchoolHartland, WI · revenue $15M · programs 85.2% · FY2025
- Caribbean UniversityBayamon, PR · revenue $15M · programs 59.1% · FY2025
All education charities · Largest charities in District of Columbia
Questions people ask
How much of National Association of Student Financial Aid Administrators's spending goes to programs?
In the fiscal year ending June 30, 2025, National Association of Student Financial Aid Administrators reported that 80.2% of its $13.7 million in expenses went to program services, 19.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does National Association of Student Financial Aid Administrators pay its top executive?
The largest total compensation National Association of Student Financial Aid Administrators reported for one person in the fiscal year ending June 30, 2025 was $364,147, for the role of INTERIM PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does National Association of Student Financial Aid Administrators get its money?
Of $15.4 million in revenue in the fiscal year ending June 30, 2025, 21.2% came from contributions and grants (including 8.3% from government grants) and 71.4% from program service revenue (Form 990, Part VIII).
Is National Association of Student Financial Aid Administrators a registered charity?
The IRS lists EIN 83-0211970 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202601359349301715 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501289349300145 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349304769 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349312637 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349302772 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141259349302054 · read the filing
All filings for EIN 83-0211970: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.