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The Institute Of Student Financial Aid & Administrative Services Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 582248174 ✦ Decatur, GA ✦ Designated as a 501(c)(3)

Overview

What is The Institute Of Student Financial Aid & Administrative Services Inc?

The Institute of Student Financial Aid & Administrative Services Inc, situated in Decatur, Georgia, is a nonprofit organization dedicated to enlightening and guiding parents, students, and educators about post-secondary educational opportunities, particularly focusing on minority high school students and faculty. They provide assistance to Historically Black Colleges and Universities (HBCUs) in managing financial aid administrative procedures, technical procedures, and represent institutions before governmental agencies. Moreover, they establish financial systems and aid non-profits in understanding accurate financial and statistical reporting. Additionally, they have developed a financial reporting model for Community Action Agencies in the Southeast and across the United States. Their mission involves training, informing, and directing HBCUs and the public in all aspects of student financial aid laws and regulations, while also assisting and supporting other non-profit organizations in maintaining sound internal financial controls.


Official website here: www.isfaedu.org - under reconstruction

Is The Institute Of Student Financial Aid & Administrative Services Inc legitimate?

The Institute Of Student Financial Aid & Administrative Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Institute Of Student Financial Aid & Administrative Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,000

For more financial information, click here


Official website here: www.isfaedu.org - under reconstruction

What is the mission statement of The Institute Of Student Financial Aid & Administrative Services Inc?

The Institute of Student Financial Aid & Administrative Services Inc is committed to educating and guiding Historically Black Colleges and Universities (HBCUs) and the public on student financial aid laws and regulations. Additionally, the organization provides assistance to other non-profit organizations to help them understand and maintain sound internal financial controls. Its purpose extends to informing, training, and educating parents and students about post-secondary educational opportunities, particularly for minority high school students and faculty. The institution aids HBCUs in financial aid administrative procedures, technical procedures, and representation before governmental agencies. It also establishes financial systems and assists non-profits in understanding accurate and proper financial and statistical reporting. Paraphrased, The Institute of Student Financial Aid & Administrative Services Inc has a mission to enlighten HBCUs and the public about student financial aid regulations and laws. Furthermore, the organization offers support to non-profit organizations in managing their financial controls effectively. The institution is also dedicated to educating parents, students, and faculty about higher education opportunities, with a focus on minority students. It assists HBCUs in managing their financial aid administrative tasks, technical procedures, and representation before government agencies. Additionally, it helps establish financial systems for non-profit organizations and teaches them accurate financial reporting.


Official website here: www.isfaedu.org - under reconstruction

Who is the CEO of The Institute Of Student Financial Aid & Administrative Services Inc?

James Clausell is the Chairman of The Institute Of Student Financial Aid & Administrative Services Inc.


Official website here: www.isfaedu.org - under reconstruction

What is the revenue of The Institute Of Student Financial Aid & Administrative Services Inc?

The Institute Of Student Financial Aid & Administrative Services Inc's revenue in 2022 was $700,786.


Official website here: www.isfaedu.org - under reconstruction

Who are the executives of The Institute Of Student Financial Aid & Administrative Services Inc and what are their salaries?

The average compensation at The Institute Of Student Financial Aid & Administrative Services Inc during 2022 was $2,000. There are 1 employees and 12 volunteers at The Institute Of Student Financial Aid & Administrative Services Inc.

Here are 9 key members and their salaries:

    James Clausell (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $55,000

    • Shannon Clausell (Director/Tre)
  • Compensation: $2,000
  • Related: $0
  • Other: $0

    • Tracey Dixon (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louise Farmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl Gamble (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bessie Halsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Clausell Jr (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mitch Mckinney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Wells (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.isfaedu.org - under reconstruction

    Where can I find the form 990 for The Institute Of Student Financial Aid & Administrative Services Inc?

    The The Institute Of Student Financial Aid & Administrative Services Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.isfaedu.org - under reconstruction

    Learn more at the official website: www.isfaedu.org - under reconstruction

    Mission Statement of The Institute Of Student Financial Aid & Administrative Services Inc

    The Institute of Student Financial Aid & Administrative Services Inc is committed to an essential mission. This nonprofit organization aims to educate and inform Historically Black Colleges and Universities (HBCUs) and the public at large about student financial aid laws and regulations. Beyond this, they extend their assistance to other non-profit organizations, helping them establish and maintain sound internal financial controls.

    In essence, the Institute serves as a guide and mentor, providing valuable knowledge and resources to HBCUs and other non-profit organizations. By doing so, they ensure that these institutions have a solid understanding of the intricate legal and regulatory landscape surrounding student financial aid. Simultaneously, they assist these organizations in establishing and implementing robust financial management systems, thereby promoting financial stability and accountability.

    Impact

    This information is meant to be a general summary of The Institute Of Student Financial Aid & Administrative Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The impact of The Institute Of Student Financial Aid & Administrative Services Inc is significant in the realm of education, particularly in supporting Historically Black Colleges and Universities (HBCUs) and minority students. Through its activities of training, informing, and directing HBCUs and the public in student financial aid laws and regulations, the organization plays a crucial role in enhancing access to higher education for underrepresented communities. By assisting HBCUs in financial aid administrative procedures and establishing financial systems, the organization contributes to the sustainability and effectiveness of these institutions. Additionally, the organization's commitment to educating parents and students about post-secondary educational opportunities and maintaining sound financial controls for non-profit organizations further amplifies its impact in fostering a more equitable and informed educational landscape.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $22,573
  • Program Service Revenue: $0
  • Gross Receipts: $700,786

    • Assets and Liabilities:
  • Total Assets: $7,775,152
  • Total Liabilities: $3,859,795
  • Net Assets: $3,915,357
  • Organization Details

    Founding Year

    1996

    Principal Officer

    James Clausell

    Main Address

    4260 CLAUSELL CT, DECATUR, GA, 30035

    NTEE Category

    Code: B82 - Education

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