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Southern Association of Student Financial Aid Administrators Inc

EIN 58-1575818 · N Myrtle Bch, SC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS (SASFAA) IS AN ORGANIZATION DEDICATED TO ASSISTING STUDENTS, PARENTS, INSTITUTIONS AND AGENCIES WITH THE DISSEMINATION OF INFORMATION RELATED TO THE DISTRIBUTION OF FINANCIAL AID. WE REPRESENT NINE SOUTHERN STATES - ALABAMA, FLORIDA, GEORGIA, KENTUCKY, MISSISSIPPI, NORTH CAROLINA, SOUTH CAROLINA, TENNESSEE AND VIRGINIA.

Income
$512,302
Spending
$469,865
Spent on programs
90%
Reserves
28.7 months of spending
Largest source of income
fees for its services, 88%
Employees
0
Volunteers
85

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 88% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 28.7 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 8% of income.

  • Income trend

    15 of 15

    Income rose 2% on the year before.

  • Spending floor

    15 of 15

    90% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 56% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $421,152 spent. TO PROMOTE THE PROFESSIONAL PREPARATION, EFFECTIVENESS AND ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS IN POST-SECONDARY EDUCATIONAL INSTITUTIONS, GOVERNMENT AGENCIES, AND FOUNDATION AND ADMINISTRATORS OF EDUCATION FUNDING PROGRAMS IN LENDING INSTITUTIONS, AND OTHER ADMINISTRATORS OF STUDENT FINANCIAL AID PROGRAMS. TO ASSIST EDUCATIONAL INSTITUTIONS, FOUNDATIONS, GOVERNMENT AGENCIES, LENDING INSTITUTIONS AND PRIVATE AND COMMUNITY ORGANIZATIONS IN PROMOTING AND DEVELOPING EFFECTIVE PROGRAMS PERTINENT TO STUDENT FINANCIAL AID. TO FACILITATE COMMUNICATION BETWEEN EDUCATIONAL INSTITUTIONS AND SPONSORS OF STUDENT AID FUNDS THROUGH AN EXCHANGE OF IDEAS, INFORMATION AND EXPERIENCES. TO PROMOTE SUCH SYSTEMATIC STUDIES, COOPERATIVE EXPERIENCES, CONFERENCES AND OTHER RELATED ACTIVITIES NECESSARY TO FULFILL THE ABOVE STATED PURPOSES. APPROXIMATELY 1,700 PEOPLE ARE BENEFITED ANNUALLY BY ORGANIZATIONAL SERVICES AND FUNCTIONS DURING THE YEAR. TO PROMOTE THE PROFESSIONAL PREPARATION, EFFECTIVENESS AND ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS IN POST-SECONDARY EDUCATIONAL INSTITUTIONS, GOVERNMENT AGENCIES, AND FOUNDATION AND ADMINISTRATORS OF EDUCATION FUNDING PROGRAMS IN LENDING INSTITUTIONS, AND OTHER ADMINISTRATORS OF STUDENT FINANCIAL AID PROGRAMS. TO ASSIST EDUCATIONAL INSTITUTIONS, FOUNDATIONS, GOVERNMENT AGENCIES, LENDING INSTITUTIONS AND PRIVATE AND COMMUNITY ORGANIZATIONS IN PROMOTING AND DEVELOPING EFFECTIVE PROGRAMS PERTINENT TO STUDENT FINANCIAL AID. TO FACILITATE COMMUNICATION BETWEEN EDUCATIONAL INSTITUTIONS AND SPONSORS OF STUDENT AID FUNDS THROUGH AN EXCHANGE OF IDEAS, INFORMATION AND EXPERIENCES. TO PROMOTE SUCH SYSTEMATIC STUDIES, COOPERATIVE EXPERIENCES, CONFERENCES AND OTHER RELATED ACTIVITIES NECESSARY TO FULFILL THE ABOVE STATED PURPOSES. APPROXIMATELY 1,700 PEOPLE ARE BENEFITED ANNUALLY BY ORGANIZATIONAL SERVICES AND FUNCTIONS DURING THE YEAR.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

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