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National Association of Student Financial Aid Administrators

EIN 83-0211970 · Washington, DC

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

LegitimacyPassesRegistration and standingFinancial healthStrong96 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$15.4 million
Spending
$13.7 million
Spent on programs
80%
Reserves
17.7 months of spending
Largest source of income
fees for its services, 71%
Employees
67
Volunteers
365
Highest pay
$364,147, interim president & ceo

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: 96 out of 100. Higher than 93% of charities in its peer group (education, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 17.7 months of spending.

  • Debt

    16 of 20

    It owes 27% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 11% of income.

  • Income trend

    15 of 15

    Income rose 4% on the year before.

  • Spending floor

    15 of 15

    80% 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

Strong: 100 out of 100. Higher than 50% of charities in its peer group (education, $10m to $100m).

  • Independent board

    25 of 25

    18 of 18 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

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited 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 (3)
  1. $8.1 million spent. 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.
  2. $2.3 million spent. 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.
  3. $30,390 spent. 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.

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 October 13, 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 November 1976.

    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 October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.