Michigan Student Financial Aid Association Inc
- Assets
- $172.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/1996
- Data as of
- 12/2023
- EIN
- 38-2898009
Organization Overview
Michigan Student Financial Aid Association Inc is located in Detroit, MI. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Student Financial Aid Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Michigan Student Financial Aid Association Inc generated $105.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $98.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louie Krause President | 1 | $0 | |
Lori Engel Secretary | 1 | $0 | |
Kemmoree Duncombe President El | 1 | $0 | |
Julia Delagarza Private Sect | 1 | $0 | |
Janette Schocke Two-Year Sec | 1 | $0 | |
Valerie Culler Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,120 |
| Total Program Service Revenue | $64,430 |
| Membership dues | $20,978 |
| Investment income | $4,247 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $184 |
| Total Revenue | $104,959 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $97,899 |
| Total expenses | $98,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,089 |
| Other assets | $0 |
| Total assets | $172,089 |
| Total liabilities | $0 |
| Net assets or fund balances | $172,089 |