Overview

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Est.

1967

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Minnesota Association of Financial Aid Administrators (MAFAA) is a nonprofit organization dedicated to supporting the timely, accurate, and ethical delivery of financial aid funds to students in Minnesota. With an operating budget of $69.8K and total revenue of $88.5K for the 2024 filing year, MAFAA focuses on training, research, and advocacy in higher education while promoting inclusivity and collaboration among financial aid professionals. More information can be found on their website at www.mafaa.org.

Mission Statement

MAFAA'S MISSION IS TO PROVIDE TRAINING, RESEARCH, EXPERTISE AND ADVOCACY IN SUPPORT OF THE TIMELY, ACCURATE AND ETHICAL DELIVERY OF FINANCIAL AID FUNDS TO MINNESOTA STUDENTS. IN PURSUIT OF THIS MISSION, MAFAA'S FOCUS IS COLLEGIAL IN APPROACH, INCLUSIVE IN PRACTICE, INTENTIONAL IN ACTION AND STUDENT-FOCUSED IN INTENT, DEALING WITH DIVISIVE ISSUES BEFORE THEY ARE USED TO DIVIDE US AND SEEKING SOLUTIONS THAT ARE INCLUSIVE OF ALL PROVIDERS OF HIGHER EDUCATION IN MINNESOTA. GOALS ARE TO SUPPORT AND PROVIDE QUALITY TRAINING OPPORTUNITIES TO MEMBERS AND RELATED CONSTITUENCIES, EFFECTIVELY COMMUNICATE WITH CONSTITUENTS, PROMOTE THE VALUE OF HIGHER EDUCATION AND THE NEED FOR ADEQUATE STUDENT FINANCIAL AID FUNDING, SERVE AS RESEARCH AND INFORMATION RESOURCE TO MAFAA MEMBERS, STUDENTS AND POLICY MAKERS, REINFORCE THE ROLE AND IMPORTANCE OF IMPACT THAT FINANCIAL AID PROFESSIONALS PLAY IN HIGHER EDUCATION.
Revenues
$88.5K
Expenses
$69.8K
Net Income:
+$18.6K
Assets
$435.2K
Liabilities
$0
Net Assets:
+$435.2K
Operating Budget
$69.8K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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L
Larry Bloom
Board Member
A
Amanda Cantu
Board Member
P
Pam Engebretson
Board Member

Frequently Asked Questions

What is MINNESOTA ASSOCIATION OF FINANCIAL AID ADMINISTRATORS’s budget?
In 2024, MINNESOTA ASSOCIATION OF FINANCIAL AID ADMINISTRATORS reported an annual operating budget of around $70 thousand. More detailed financial information is available to registered users.
What causes does MINNESOTA ASSOCIATION OF FINANCIAL AID ADMINISTRATORS support?
MINNESOTA ASSOCIATION OF FINANCIAL AID ADMINISTRATORS supports work in Education, Higher education, and Business education.
Where does MINNESOTA ASSOCIATION OF FINANCIAL AID ADMINISTRATORS operate?
MINNESOTA ASSOCIATION OF FINANCIAL AID ADMINISTRATORS is headquartered in St. Paul, MN.