Students Aid Foundation
- Assets
- $2.6m
- Revenue
- $142.2k
- Investments
- $2.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/1942
- Data as of
- 12/2022
- EIN
- 58-0612611
Organization Overview
Students Aid Foundation is located in Atlanta, GA. The organization was established in 1942. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Students Aid Foundation 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 12/2022, Students Aid Foundation generated $142.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $123.2k during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING STUDENT LOANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Mitchell Director | 1 | $0 | |
Sarah Ernst Director | 1 | $0 | |
Laura Warren Secretary | 3 | $0 | |
Henry Grady III Treasurer | 3 | $0 | |
John F Oglesby Director | 1 | $0 | |
Claire Griffith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,949 |
| Dividends & Interest | $44,922 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,592 |
| Capital Gain Net Income | $43,592 |
| Net ST Capital Gain | $41,475 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,728 |
| Total Revenue | $142,191 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,042 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,757 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $48 |
| Other expenses | $43,581 |
| Total operating and administrative expenses | $123,188 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $123,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,281 |
| Savings and temporary cash investments | $201 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,164,855 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $387,934 |
| Total assets | $2,567,271 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,454 |
| Total liabilities | $3,454 |