Nonprofit · EIN 83-0211970
NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,352,137 | $13,662,765 | $1,689,372 | $30,071,895 | $8,156,345 | $21,915,550 |
| June 30, 2024 | 990 | $14,789,722 | $13,512,318 | $1,277,404 | $30,689,724 | $11,888,819 | $18,800,905 |
| June 30, 2023 | 990 | $11,084,089 | $9,935,657 | $1,148,432 | $25,889,664 | $10,637,505 | $15,252,159 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,247,953
- of which government grants
- $1,281,156
- Program service revenue
- $10,957,575
- Investment income
- $857,067
- Net gain from sales of assets
- $74,628
- Other revenue
- $289,542
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,203,935
- Other salaries and wages
- $3,660,201
- Salaries, compensation and benefits (total)
- $6,319,896
- Professional fundraising fees
- $0
- Legal fees
- $32,680
- Accounting fees
- $30,900
- Occupancy
- $794,273
- Travel
- $1,673,547
- Depreciation
- $177,500
- Program services (functional)
- $10,951,657
- Management and general (functional)
- $2,711,108
Balance sheet and other
- Total assets, start of year
- $30,689,724
- Total assets, end of year
- $30,071,895
- Total liabilities, end of year
- $8,156,345
- Net assets, end of year
- $21,915,550
- Land, buildings and equipment
- $362,513
- Publicly traded securities
- $15,219,241
- Net assets without donor restrictions
- $20,568,810
- Net assets with donor restrictions
- $1,346,740
- Gross unrelated business income
- $293,302
- Gross receipts
- $15,289,394
- Employees
- 67
- Volunteers
- 365
- Year formed
- 1973
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH MAGLIONE | INTERIM PRESIDENT & CEO Officer | 40 | $302,888 | $61,259 |
| JUSTIN DRAEGER | PRESIDENT & CEO Former | 40 | $278,894 | $45,110 |
| TAMMY HARRISON | DIRECTOR OF CLIENT SERVICES Highest-paid employee | 40 | $254,451 | $26,923 |
| MINDY ELINE | VICE PRESIDENT Key employee | 40 | $208,380 | $49,436 |
| DAVID PAGE | SENIOR BUSINESS DEVELOPMENT SPECIALIST Highest-paid employee | 40 | $204,128 | $24,368 |
| DANA KELLY | VICE PRESIDENT Key employee | 40 | $174,242 | $40,040 |
| KAREN MCCARTHY | VICE PRESIDENT Key employee | 40 | $158,752 | $44,674 |
| CARRIE CONRAD | VICE PRESIDENT Highest-paid employee | 40 | $147,917 | $42,697 |
| DAVID FUTRELL | DIRECTOR OF INSTITUTIONAL COMPLIANCE Highest-paid employee | 40 | $125,895 | $28,880 |
| SYDNEY EVANS | CHIEF OF STAFF Highest-paid employee | 40 | $119,518 | $25,200 |
| KRISTI L JOVELL | NATIONAL CHAIR Trustee or director | 1 | $0 | $0 |
| HEIDI A CARL | NATIONAL CHAIR-ELECT Trustee or director | 1 | $0 | $0 |
| HELEN FAITH | PAST NATIONAL CHAIR Trustee or director | 1 | $0 | $0 |
| DANETTE BURGESS | REGIONAL REPRESENTATIVE Trustee or director | 1 | $0 | $0 |
| AMANDA CORNELIUS | REGIONAL REPRESENTATIVE Trustee or director | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLI ENGELHARDT MSPR MBA | REGIONAL REPRESENTATIVE Trustee or director | 1 | $0 |
| AMANDA FIJAL MED | REGIONAL REPRESENTATIVE Trustee or director | 1 | $0 |
| LEIGH ANN HUSSEY | REGIONAL REPRESENTATIVE Trustee or director | 1 | $0 |
| AUDRA D MAIN BLS MALS | REGIONAL REPRESENTATIVE Trustee or director | 1 | $0 |
| DAVID B ALEXANDER | REPRESENTATIVE-AT-LARGE Trustee or director | 1 | $0 |
| SARAH B EVERITT | REPRESENTATIVE-AT-LARGE Trustee or director | 1 | $0 |
| SILVIA E MARQUEZ | REPRESENTATIVE-AT-LARGE Trustee or director | 1 | $0 |
| CHRISTAL D WILLIAMS MBA MSOD | REPRESENTATIVE-AT-LARGE Trustee or director | 1 | $0 |
| ALEX DELONIS | TREASURER Trustee or director | 1 | $0 |
| SHARON J OLIVER | DIVERSITY OFFICER Trustee or director | 1 | $0 |
| MELET LEAFGREEN | BOARD SECRETARY Trustee or director | 1 | $0 |
| SHANNON L CROSSLAND | REPRESENTATIVE-AT-LARGE Trustee or director | 1 | $0 |
| AMY D CABLE | REPRESENTATIVE-AT-LARGE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTIN DRAEGER | PRESIDENT/CEO Officer | 40 | $535,697 | $62,164 |
| ELIZABETH MAGLIONE | SECRETARY/EXECUTIVE VICE P Officer | 40 | $193,090 | $44,906 |
| MINDY ELINE | VICE PRESIDENT Key employee | 40 | $176,700 | $46,241 |
| DANA KELLY | VICE PRESIDENT Key employee | 40 | $161,046 | $37,933 |
| TAMMY HARRISON | SR. BUSINESS DEVELOPMENT M Key employee | 40 | $165,326 | $31,647 |
| KAREN MCCARTHY | VICE PRESIDENT Highest-paid employee | 40 | $142,969 | $38,715 |
| JENNIFER JACKSON | DIRECTOR OF MEETINGS & EVENTS Highest-paid employee | 40 | $139,831 | $28,949 |
| DAVID PAGE | SENIOR BUSINESS DEVELOPMENT SPECIALIST Highest-paid employee | 40 | $131,373 | $27,650 |
| CARRIE CONRAD | VICE PRESIDENT Highest-paid employee | 40 | $131,148 | $27,800 |
| ANTHONY ERWIN | PRINCIPAL CONSULTANT Highest-paid employee | 40 | $138,234 | $20,313 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTIN DRAEGER | PRESIDENT/CEO Officer | 40 | $390,770 | $69,909 |
| ANTHONY ERWIN | PRINCIPAL CONSULTANT Highest-paid employee | 40 | $183,028 | $20,476 |
| ELIZABETH MAGLIONE | SECRETARY/EXECUTIVE VICE P Officer | 40 | $160,970 | $38,188 |
| MINDY ELINE | VICE PRESIDENT Highest-paid employee | 40 | $142,200 | $42,340 |
| DANA KELLY | VICE PRESIDENT Highest-paid employee | 40 | $137,406 | $34,789 |
| KAREN MCCARTHY | VICE PRESIDENT Highest-paid employee | 40 | $130,847 | $34,848 |
| TAMMY HARRISON | SR. BUSINESS DEVELOPMENT MGR Highest-paid employee | 40 | $130,686 | $28,918 |
Address and contacts
- Address (IRS master file)
- 1801 PENN AVE NW STE 850, WASHINGTON, DC 20006-3606
- Principal officer (990 for 2024)
- MELANIE E STOREY, 1801 PENNSYLVANIA AVE NW 850, WASHINGTON, DC 20006
- Signed the 990
- MELANIE E STOREY, PRESIDENT AND CEO
- Phone
- (202) 785-0453
- Website
- WWW.NASFAA.ORG
- Return prepared by
- CALIBRE CPA GROUP PLLC
Mission
DEVELOPMENT FOR FINANCIAL AID ADMINISTRATORS; ADVOCATES FOR PUBLIC POLICIES THAT INCREASE STUDENT ACCESS AND SUCCESS; SERVES AS A FORUM ON STUDENT FINANCIAL AID ISSUES, AND IS COMMITTED TO DIVERSITY THROUGHOUT ALL ACTIVITIES.
Program accomplishments
- MEMBERSHIP 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.Expenses $8,142,967 · revenue $10,244,209
- 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.Expenses $2,288,394
- 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.Expenses $30,390
- Expenses $489,906
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0211970
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $30,071,895
- Income (IRS master file)
- $15,289,394
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,352,137 | $13,662,765 | $30,071,895 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $14,789,722 | $13,512,318 | $30,689,724 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $11,084,089 | $9,935,657 | $25,889,664 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $11,681,568 | $8,978,187 | $20,879,146 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0211970).
Questions about NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS
- What is the EIN of NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS?
- The employer identification number (EIN) of NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS is 83-0211970.
- Is NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS?
- The 990 for the year ended June 30, 2025 names MELANIE E STOREY.
- Who are the officers and directors of NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS?
- The 990 for the year ended June 30, 2025 lists 28 people; 10 received compensation from the organization, the highest $302,888 (ELIZABETH MAGLIONE, INTERIM PRESIDENT & CEO).
- How much revenue does NATIONAL ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,352,137, expenses of $13,662,765 and total assets of $30,071,895 at year end.
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