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Nonprofit · EIN 58-2248174

INSTITUTE OF STUDENT FINANCIAL AID INC

Tax-exempt · DECATUR, GA 30035

Financials

$525K$376K2023$446K$257K2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE OF STUDENT FINANCIAL AID INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$445,647$257,159$188,488$9,921,111$4,612,595$5,308,516
December 31, 2023990$525,237$375,960$149,277$8,637,576$4,794,223$3,843,353
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$377,570
of which government grants
$377,570
Program service revenue
$0
Investment income
$68,077
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$6,000
Salaries, compensation and benefits (total)
$41,459
Professional fundraising fees
$0
Occupancy
$56,946
Depreciation
$129,106
Program services (functional)
$134,015
Management and general (functional)
$123,144

Balance sheet and other

Total assets, start of year
$8,637,576
Total assets, end of year
$9,921,111
Total liabilities, end of year
$4,612,595
Net assets, end of year
$5,308,516
Land, buildings and equipment
$1,957,752
Publicly traded securities
$7,206,017
Net assets without donor restrictions
$4,987,912
Net assets with donor restrictions
$320,604
Gross receipts
$445,647
Employees
1
Volunteers
15
Year formed
1996
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JAMES CLAUSELLCHAIRMAN
Trustee or director, Officer
–$0
LEROY CLAUSELLDIRECTOR
Trustee or director
–$0
SHANNON CLAUSELLDIRECTOR/TRE
Trustee or director, Officer
–$0
TRACEY DIXONSECRETARY
Trustee or director, Officer
–$0
CARL GAMBLEDIRECTOR
Trustee or director
–$0
BESSIE HALSEYDIRECTOR
Trustee or director
–$0
JAMES CLAUSELL JRVICE CHAIR
Trustee or director, Officer
–$0
MITCH MCKINNEYDIRECTOR
Trustee or director
–$0
ROBERT WELLSDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
SHANNON CLAUSELLDIRECTOR/TRE
Trustee or director, Officer
20$6,000
JAMES CLAUSELLCHAIRMAN
Trustee or director, Officer
20$0
LEROY CLAUSELLDIRECTOR
Trustee or director
1$0
TRACEY DIXONSECRETARY
Trustee or director, Officer
5$0
CARL GAMBLEDIRECTOR
Trustee or director
1$0
BESSIE HALSEYDIRECTOR
Trustee or director
2$0
JAMES CLAUSELL JRVICE CHAIR
Trustee or director, Officer
10$0
MITCH MCKINNEYDIRECTOR
Trustee or director
1$0
ROBERT WELLSDIRECTOR
Trustee or director
5$0

Address and contacts

Address (IRS master file)
4260 CLAUSELL CT STE 101, DECATUR, GA 30035-1912
In care of
% BESSIE C HALSEY
Principal officer (990 for 2024)
JAMES CLAUSELL, 4260 CLAUSELL COURT, DECATUR, GA 30035
Signed the 990
JAMES CLAUSELL, CHAIRMAN
Phone
(404) 288-8117
Return prepared by
CLAUSELL & ASSOCIATES CPA'S PC

Mission

TO TRAIN, INFORM AND DIRECT HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS') AND THE PUBLIC IN ALL AREAS OF STUDENT FINANCIAL AID LAWS AND REGULATIONS. TO ASSIST AND HELP OTHER NON-PROFIT ORGANIZATIONS IN UNDERSTANDING AND MAINTAINING SOUND INTERNAL FINANCIAL CONTROLS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PURPOSE OF THIS ORGANIZATION IS TO INFORM, TRAIN, AND EDUCATE PARENTS AND STUDENTS IN THE AREA OF POST-SECONDARY EDUCATIONAL OPPORTUNITIES, PARTICULARLY MINORITY HIGH SCHOOL STUDENTS AND FACULTY. ALSO ASSISTS HBCUS IN FINANCIAL AID ADMINISTRATIVE PROCEDURES,TECHNICAL PROCEDURES AND REPRESENTATION OF INSTITUTIONS BEFORE GOVERNMENTAL AGENCIES. TO ESTABLISH FINANCIAL SYSTEMS AND ASSIST NON-PROFITS IN THE THE UNDERSTANDING OF ACCURATE AND PROPER FINANCIAL AND STATISTICAL REPORTING. TO ESTABLISH A FINANCIAL REPORTING MODEL FOR COMMUNITY ACTION AGENCIES IN THE SOUTHEAST AND THROUGHOUT THE UNITED STATES.
    Expenses $2,359
  • TO ASSIST HBCU'S IN UNDERSTANDING AND MAINTAINING COMPLIANCE WITH THE TITLE IV REGULATIONS OF THE HIGHER EDUCATION ACT AND CODE OF FEDERAL REGULATIONS. TO TRAIN AND EDUCATE THE STUDENTS, PARENTS AND OTHERS IN THE AREA OF POST- SECONDARY EDUCATIONAL OPPORTUNITIES,PARTICULARLY MINORITY AND DISADVANTAGED STUDENTS.
    Expenses $131,656

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-2248174
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$9,921,111
Income (IRS master file)
$445,647

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$445,647$257,159$9,921,111XML
990December 2023$525,237$375,960$8,637,576XML
990December 2022$700,786$563,578$7,775,152IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 58-2248174).

Questions about INSTITUTE OF STUDENT FINANCIAL AID INC

What is the EIN of INSTITUTE OF STUDENT FINANCIAL AID INC?
The employer identification number (EIN) of INSTITUTE OF STUDENT FINANCIAL AID INC is 58-2248174.
Is INSTITUTE OF STUDENT FINANCIAL AID INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to INSTITUTE OF STUDENT FINANCIAL AID INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSTITUTE OF STUDENT FINANCIAL AID 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 INSTITUTE OF STUDENT FINANCIAL AID INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTE OF STUDENT FINANCIAL AID INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INSTITUTE OF STUDENT FINANCIAL AID INC?
The 990 for the year ended December 31, 2024 names JAMES CLAUSELL.
Who are the officers and directors of INSTITUTE OF STUDENT FINANCIAL AID INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does INSTITUTE OF STUDENT FINANCIAL AID INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $445,647, expenses of $257,159 and total assets of $9,921,111 at year end.

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