UNITED STUDENT AID FUNDS INC Charity Report

Tax-exempt status may be revoked

UNITED STUDENT AID FUNDS INC

EIN 94-6050341

What they do

UNITED STUDENT AID FUNDS, INC.S MISSION is to ENHANCE POST-SECONDARY EDUCATION PREPAREDNESS, ACCESS, and SUCCESS BY PROVIDING and SUPPORTING FINANCIAL and OTHER VALUED SERVICES.

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

56.82%of revenue went to mission work94.6% of expenses · Program services

$60.07spent for every $100 of revenueRevenue covered expenses this year.

3.25%of revenue went to management and office costs5.4% of expenses

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $53,719 for JACQUELINE FAIRBAIRN 3 (VP - POLICY / REGL COMPLIANCE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$330,115,707

Mission workProgram services$187,571,86156.82% of revenue94.6% of expenses

ManagementOffice and general costs$10,732,7023.25% of revenue5.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$131,811,14439.93% of revenueShown in gray on the chart

Total expenses$198,304,56360.07% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2018CurrentExpense mix: 94.6% mission · 5.4% management · 0.0% fundraisingTotal expenses: 60.07% of revenue

2017Expense mix: 96.9% mission · 3.1% management · 0.0% fundraisingTotal expenses: 89.97% of revenue

2015Expense mix: 89.2% mission · 10.8% management · 0.0% fundraisingTotal expenses: 80.27% of revenue

Money in and money out

Revenue$330,115,707

Expenses$198,304,563

Annual surplus $131,811,144 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$187,571,861 · 94.6% of expenses

Management and office costs$10,732,702 · 5.4% of expenses

See all reported dollar amounts

Revenue$330,115,707

Expenses$198,304,563

Mission work (program services)$187,571,861

Grants given$156,303,533

Average grant$5,042,049

Management and general$10,732,702

Accounting fees$136,219

People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JACQUELINE FAIRBAIRN 3VP - POLICY / REGL COMPLIANCE · 1 hrs/week $53,719Base · Other $53,719

RICHARD D GEORGE 23CHAIR/PRES/CEO/TREAS · 1 hrs/week $43,243Base · Other $43,243

BETH ERICKSON 3VP - REPAYMENT SOLUTIONS · 2 hrs/week $37,688Base · Other $37,688

REBECCA RAPP 3GEN CNSL & ASST SECRETARY · 1 hrs/week $36,782Base · Other $36,782

AMY KOBISHOP 3VP - COMMUNITY INVESTMENTS · 1 hrs/week $29,286Base · Other $29,286

CYNTHIA WALSH 1DIRECTOR · 1 hrs/week $10,875

EMERSON BRUMBACK 1DIRECTOR · 1 hrs/week $5,917

THOMAS SCARLETT 1DIRECTOR · 1 hrs/week $4,875

MARY BURKE 1DIRECTOR · 1 hrs/week $3,550

RICHARD WEISS 1DIRECTOR · 1 hrs/week $3,550

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

JACQUELINE FAIRBAIRN 3VP - POLICY / REGL COMPLIANCE

RICHARD D GEORGE 23CHAIR/PRES/CEO/TREAS

BETH ERICKSON 3VP - REPAYMENT SOLUTIONS

REBECCA RAPP 3GEN CNSL & ASST SECRETARY

AMY KOBISHOP 3VP - COMMUNITY INVESTMENTS

CYNTHIA WALSH 1DIRECTOR

EMERSON BRUMBACK 1DIRECTOR

THOMAS SCARLETT 1DIRECTOR

MARY BURKE 1DIRECTOR

RICHARD WEISS 1DIRECTOR

DAVID J HANSON 1DIRECTOR/SECRETARY

JEFFERY CROSBY 3CHIEF OPERATING OFFICER

About this charity

Location: 2501 International Lane, Madison, WI 53704
County: Dane
In care of: RICHARD GEORGE
Primary officer: RICHARD GEORGE, President & CEO

How to reach them

WebsiteVisit the charity’s website Phone(608) 733-2500

Filing and classification

Latest tax year: 2018
Tax period began: January 1, 2018
Return type: 990
Tax preparer: ERNST & YOUNG US LLP
Grant-giving organization: Yes
Revocation date: May 15, 2022