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Nonprofit · EIN 58-1575818

SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC

Tax-exempt · N MYRTLE BCH, SC 29582

Financials

$363K$367K2022$502K$421K2023$512K$470K2024
Revenue Expenses · by fiscal year end
Financials of SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$512,302$469,865$42,437$1,123,488$0$1,123,488
June 30, 2024990$501,966$420,879$81,087$1,081,051$0$1,081,051
June 30, 2023990$362,808$366,916-$4,108$999,964$0$999,964
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$13,475
Program service revenue
$448,670
Investment income
$46,597
Net gain from sales of assets
$11,062
Other revenue
$3,560

Expenses

Grants and similar amounts paid
$14,964
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$3,926
Travel
$105,895
Program services (functional)
$421,152
Management and general (functional)
$48,713

Balance sheet and other

Total assets, start of year
$1,081,051
Total assets, end of year
$1,123,488
Total liabilities, end of year
$0
Net assets, end of year
$1,123,488
Publicly traded securities
$886,230
Net assets without donor restrictions
$1,123,488
Gross receipts
$512,302
Employees
0
Volunteers
85
Year formed
1983
State of legal domicile
GA

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.

NameTitleHours / weekCompensation
LEIGH ANN HUSSEYPRESIDENT
Trustee or director, Officer
5$0
JOAN BAILEYPRESIDENT-EL
Trustee or director, Officer
5$0
DANIEL BARKOWITZPAST PRESIDE
Trustee or director, Officer
5$0
KATIE CONRADVICE-PRESIDE
Trustee or director, Officer
5$0
NANCY FERGUSONSECRETARY
Trustee or director, Officer
5$0
CAROLYN SPARKSTREASURER
Trustee or director, Officer
5$0
TAYLOR HILYERALABAMA STAT
Trustee or director
5$0
MIA MWANGOFLORIDA STAT
Trustee or director
5$0
EMMILEE MITCHELLGEORGIA STAT
Trustee or director
5$0
ROBYN SOLLBERGERKENTUCKY STA
Trustee or director
5$0
KARI DEDWYLDERMISSISSIPPI
Trustee or director
5$0
LEE BRAYN.CAROLINA S
Trustee or director
5$0
JW KELLAMS.CAROLINA S
Trustee or director
5$0
SAMANTHA SULLIVANTENNESSEE ST
Trustee or director
5$0
ANDEREW QUINNVIRGINIA STA
Trustee or director
5$0
13 more people on this return
NameTitleHours / weekCompensation
SARAH BAUMHOFFBUDGET & FIN
Trustee or director
5$0
LEAH LOUALLENCONFERENCE C
Trustee or director
5$0
CHANSONE DURDENEQ INCL & GI
Trustee or director
5$0
RODNEY WALTONEQ INCL & GI
Trustee or director
5$0
MICHELLE HEMMERCOMM & OUTRE
Trustee or director
5$0
KAITLYN LAMBERTELEC SERVICE
Trustee or director
5$0
RACHELLE FELDMANLEGISLATIVE
Trustee or director
5$0
MARK MESSINGSCHLAGERMEMBERSHIP C
Trustee or director
5$0
CELENA TULLOSSSITE SELECTI
Trustee or director
5$0
BIZ DANIELSPONSORSHIP
Trustee or director
5$0
CHAD SARTINISPONSORSHIP
Trustee or director
5$0
BILL AYERSSPECIAL PROJ
Trustee or director
5$0
MARIAN DILLASSOC GOVERN
Trustee or director
5$0
990 for the year ended June 30, 2024: 28 people
NameTitleHours / weekCompensation
DANIEL BARKOWITZPRESIDENT
Trustee or director, Officer
5$0
LEIGH ANN HUSSEYPRESIDENT-EL
Trustee or director, Officer
5$0
MICHAEL MORGANPAST PRESIDE
Trustee or director, Officer
5$0
KATIE CONRADVICE-PRESIDE
Trustee or director, Officer
5$0
NICOLE PATRICKSECRETARY
Trustee or director, Officer
5$0
CAROLYN SPARKSTREASURER
Trustee or director, Officer
5$0
CIERRA SMITHALABAMA STAT
Trustee or director
5$0
DAMEION LOVETTFLORIDA STAT
Trustee or director
5$0
KRISTIE TEASLEYGEORGIA STAT
Trustee or director
5$0
MICHELLE STANDRIDGEKENTUCKY STA
Trustee or director
5$0
HEATHER DEARMANMISSISSIPPI
Trustee or director
5$0
RACHEL CAVENAUGHN.CAROLINA S
Trustee or director
5$0
ZACHARY CHRISTIANS.CAROLINA S
Trustee or director
5$0
JENNIFER BYRDTENNESSEE ST
Trustee or director
5$0
RYAN MCNAMARAVIRGINIA STA
Trustee or director
5$0
JENELLE HANDCOXBUDGET & FIN
Trustee or director
5$0
GAIL BEGGSCONFERENCE C
Trustee or director
5$0
MELANIE GILLESPIECONFERENCE C
Trustee or director
5$0
MICHAEL BIRCHETTEQUITY & INC
Trustee or director
5$0
MICHELLE HEMMERCOMM & OUTRE
Trustee or director
5$0
JENNIFER DAVISELEC SERVICE
Trustee or director
5$0
RACHELLE FELDMANLEGISLATIVE
Trustee or director
5$0
SARAH BAUMHOFFMEMBERSHIP C
Trustee or director
5$0
JOAN BAILEYSITE SELECTI
Trustee or director
5$0
BIZ DANIELSPONSORSHIP
Trustee or director
5$0
CELENA TULLOSSASSOC GOVERN
Trustee or director
5$0
BILL AYERSSPECIAL PROJ
Trustee or director
5$0
CHAD SARTINISPECIAL PROJ
Trustee or director
5$0
990 for the year ended June 30, 2023: 28 people
NameTitleHours / weekCompensationOther / benefits
KATIE CONRADVICE-PRESIDE
Trustee or director, Officer
5$0$599
CAROLYN SPARKSTREASURER
Trustee or director, Officer
5$0$599
DANIEL BARKOWITZPRESIDENT
Trustee or director, Officer
5$0$500
MICHELLE STANDRIDGEKENTUCKY STA
Trustee or director
5$0$500
LEIGH ANN HUSSEYPRESIDENT-EL
Trustee or director, Officer
5$0$0
MICHAEL MORGANPAST PRESIDE
Trustee or director, Officer
5$0$0
NICOLE PATRICKSECRETARY
Trustee or director, Officer
5$0$0
CIERRA SMITHALABAMA STAT
Trustee or director
5$0$0
DAMEION LOVETTFLORIDA STAT
Trustee or director
5$0$0
KRISTIE TEASLEYGEORGIA STAT
Trustee or director
5$0$0
HEATHER DEARMANMISSISSIPPI
Trustee or director
5$0$0
RACHEL CAVENAUGHN.CAROLINA S
Trustee or director
5$0$0
ZACHARY CHRISTIANS.CAROLINA S
Trustee or director
5$0$0
JENNIFER BYRDTENNESSEE ST
Trustee or director
5$0$0
RYAN MCNAMARAVIRGINIA STA
Trustee or director
5$0$0
JENELLE HANDCOXBUDGET & FIN
Trustee or director
5$0$0
GAIL BIGGSCONFERENCE C
Trustee or director
5$0$0
MELANIE GILLESPIECONFERENCE C
Trustee or director
5$0$0
MICHAEL BIRCHETTEQUITY & INC
Trustee or director
5$0$0
MICHELLE HEMMERCOMM & OUTRE
Trustee or director
5$0$0
JENNIFER DAVISELEC SERVICE
Trustee or director
5$0$0
RACHELLE FELDMANLEGISLATIVE
Trustee or director
5$0$0
SARAH BAUMHOFFMEMBERSHIP C
Trustee or director
5$0$0
JOAN BAILEYSITE SELECTI
Trustee or director
5$0$0
BIZ DANIELSPONSORSHIP
Trustee or director
5$0$0
CELENA TULLOSSASSOC GOVERN
Trustee or director
5$0$0
BILL AYERSSPECIAL PROJ
Trustee or director
5$0$0
CHAD SARTINISPECIAL PROJ
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
1700 E ISLAND DR, N MYRTLE BCH, SC 29582-7706
In care of
%DAVID CECIL FINANACIAL AID OFFI CE
Principal officer (990 for 2024)
JOAN BAILEY, 1700 EAST ISLAND DRIVE, NORTH MYRTLE BEACH, SC 29582
Signed the 990
JOAN BAILEY, PRESIDENT-ELECT
Phone
(864) 506-2195
Return prepared by
BLANKENSHIP CPA GROUP PLLC

Mission

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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.
    Expenses $421,152 · grants $14,964 · revenue $448,670

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
58-1575818
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
1986
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,123,488
Income (IRS master file)
$512,302

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$512,302$469,865$1,123,488XML
990June 2024$501,966$420,879$1,081,051XML
990June 2023$362,808$366,916$999,964XML
990June 2022–––IRS
990June 2021–––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 58-1575818).

Questions about SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC

What is the EIN of SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC?
The employer identification number (EIN) of SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC is 58-1575818.
Is SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC 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 SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC 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 SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC 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 SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC?
The 990 for the year ended June 30, 2025 names JOAN BAILEY.
Who are the officers and directors of SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC?
The 990 for the year ended June 30, 2025 lists 28 people; 0 received compensation from the organization.
How much revenue does SOUTHERN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $512,302, expenses of $469,865 and total assets of $1,123,488 at year end.

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