Overview
What is New York State Financial Aid Administrators Association Inc?
The New York State Financial Aid Administrators Association Inc, located in Williamsville, New York, is a nonprofit organization dedicated to fostering and enhancing the capabilities of financial aid professionals across the state. They achieve this by attending conferences and training sessions, imparting knowledge on various aspects of financial aid guidelines. The association's primary mission is to develop and facilitate the growth of a skilled, competent, and engaged financial aid professional membership, ultimately contributing to the broader financial aid landscape in New York State.
Official website here: www.nysfaaa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%)
The New York State Financial Aid Administrators Association Inc has received a two-star rating due to its overall need for improvement despite achieving a perfect score in accountability and finance. The organization boasts a fully independent board and demonstrates no material diversion of assets, indicating good governance practices. It also maintains transparency with its website information and conflict of interest policy.
However, the nonprofit faces significant shortcomings in its operational policies, including the absence of a whistleblower policy and a document retention and destruction policy, both of which received zero points. Additionally, while its program expense ratio stands at 53.29%, this is below expectations, suggesting that a smaller portion of its expenses is directed towards its core mission activities. These areas of concern highlight the need for the organization to strengthen its governance and operational frameworks to enhance its effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New York State Financial Aid Administrators Association Inc?
100% of the nine reviewers on Facebook recommend the New York State Financial Aid Administrators Association Inc. Here is a summary of their reviews:
The overall sentiment reflects strong satisfaction with the organization's offerings. Reviewers consistently highlight it as a valuable resource, particularly praising the assistance it provides to post-secondary students and their families.
Many express their appreciation for the helpful information and guidance available, indicating that the nonprofit effectively supports individuals navigating financial aid processes. Overall, it appears that the organization successfully fulfills its mission and meets the needs of the community.
This AI summary has been generated from reviews found on Facebook.
Is New York State Financial Aid Administrators Association Inc legitimate?
New York State Financial Aid Administrators Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York State Financial Aid Administrators Association 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.
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For more financial information, click here
Official website here: www.nysfaaa.org
What is the mission statement of New York State Financial Aid Administrators Association Inc?
The New York State Financial Aid Administrators Association Inc's mission is centered around fostering the growth and proficiency of financial aid professionals. Their primary aim is to develop a skilled, competent, and engaged membership base within the financial aid sector. To achieve this, they facilitate various learning opportunities, such as attending conferences and training sessions, to educate financial aid administrators from across the state on various financial aid guidelines. This organization plays a crucial role in enhancing the knowledge and capabilities of financial aid professionals, ultimately benefiting students seeking financial aid.
Official website here: www.nysfaaa.org
Who is the CEO of New York State Financial Aid Administrators Association Inc?
Shalena Clary is the President of New York State Financial Aid Administrators Association Inc.
Official website here: www.nysfaaa.org
What is the revenue of New York State Financial Aid Administrators Association Inc?
New York State Financial Aid Administrators Association Inc's revenue in 2022 was $160,808.
Official website here: www.nysfaaa.org
Who are the executives of New York State Financial Aid Administrators Association Inc and what are their salaries?
There 100 volunteers at New York State Financial Aid Administrators Association Inc.
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Official website here: www.nysfaaa.org
Where can I find the form 990 for New York State Financial Aid Administrators Association Inc?
New York State Financial Aid Administrators Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nysfaaa.org
Learn more at the official website: www.nysfaaa.org
Mission Statement of New York State Financial Aid Administrators Association Inc
New York State Financial Aid Administrators Association Inc is dedicated to fostering the growth and proficiency of skilled and engaged financial aid professionals. Their mission is centered around developing and facilitating this competent membership, ensuring they are well-equipped to handle various aspects of financial aid administration. The association accomplishes this by organizing conferences and training sessions, where financial aid administrators from across the state can learn about various financial aid guidelines. By doing so, they aim to build a strong, involved, and competent professional community within the financial aid sector.
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Impact
October, 2024
The New York State Financial Aid Administrators Association Inc significantly impacts the landscape of financial aid administration in New York. By focusing on the professional development of its members, the organization enhances the skills and competencies of financial aid administrators across the state.
Through conferences and training sessions, members gain valuable insights and instruction on a variety of critical topics, including financial aid guidelines and best practices. This ongoing education fosters a network of well-informed professionals dedicated to effectively navigating the complexities of financial aid, ultimately benefiting students and families seeking financial support for education.
The Association’s commitment to skill development promotes a culture of excellence among financial aid administrators, ensuring that they are equipped to support diverse student populations in accessing necessary resources. This emphasis on competence and engagement helps to improve the overall effectiveness of financial aid systems in educational institutions throughout New York, making higher education more accessible and equitable.
This information is meant to be a general summary of New York State Financial Aid Administrators Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $43,714
- Program Service Revenue: $37,674
- Gross Receipts: $267,931
Assets and Liabilities:
- Total Assets: $1,058,334
- Total Liabilities: $70,248
- Net Assets: $988,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE REVENUE
Revenue
$26,185
SPONSORSHIPS
Revenue
$11,285
REGIONAL REVENUE
Revenue
$204
Organization Details
Founding Year
1968
Phone
(607) 962-9428Principal Officer
Shalena Clary
Main Address
CO 8321 MAIN STREET, WILLIAMSVILLE, NY, 14221
Website
www.nysfaaa.orgNTEE Category
Code: B82C - Education
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