Masfaa Midwest Association Of Student Weston Hurd
- Assets
- $176.8k
- Revenue
- $292.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 04/1985
- Data as of
- 12/2022
- EIN
- 34-1452645
Organization Overview
Masfaa Midwest Association Of Student Weston Hurd is located in Columbus, OH. The organization was established in 1985. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Masfaa Midwest Association Of Student Weston Hurd 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, Masfaa Midwest Association Of Student Weston Hurd generated $292.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $426.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROVIDE TRAINING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR THOSE INVOLVED WITH DELIVERY OF FINANCIAL AID TO COLLEGE STUDENTS; TO ADVOCATE AND SUPPORT FINANCIAL AID PROGRAMS; TO FACILITATE COMMUNICATION AND COORDINATION AMONG PROFESSIONAL ASSOCIATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE WAS HELD OCTOBER 16-19, 2022 IN DEARBORN, MICHIGAN WITH OVER 250 PARTICIPANTS, INCLUDING PAST PRESIDENTS WHO RETURNED FOR THE 60TH ANNIVERSARY. PARTICIPANTS RECEIVED TRAINING ON VARIOUS FINANCIAL AID TOPICS TO HELP ADMINISTERING STUDENT AID AND REMAINING COMPLIANT, FEDERAL UPDATES AND PROFESSIONAL DEVELOPMENT.
OTHER PROGRAM SERVICE PROJECTS
SUMMER INSTITUTE AND LEADERSHIP SYMPOSIUM PROVIDED EDUCATION AND INSTRUCTION ON VARIOUS TOPICS RELATED TO THE ADMINISTRATION OF STUDENT FINANCIAL AID. THE EVENT WAS HELD JUNE 6-9, 2022 IN ELKHART LAKE, WISCONSIN AND HAD CLOSE TO 100 ATTENDEES INCLUDING THE FACULTY.
PROFESSIONAL DEVELOPMENT PROVIDED VARIOUS VIRTUAL WEBINARS THROUGHOUT THE YEAR, INCLUDING WORK ENVIRONMENT IMPACTS FROM COVID-HYBRID, IN PERSON, REMOTE OPERATIONS; MASFAA BOARD AND CO-CHAIRS INFORMATIONAL PANEL; AN INSIDERS PERSPECTIVE OF NEGOTIATED RULEMAKING; EXPANDING YOUR LEADERSHIP TOOLKIT; UNDERSTANDING SOFT SKILLS AND LEARNING TO APPLY THEM; NASFAA CERTIFIED FINANCIAL AID ADMINISTRATOR INFORMATIONA PANEL; AND AFFIRMATIVE ACTION IN HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Watson State Representative | Trustee | 5 | $0 |
Louie Krause State Representative | Trustee | 5 | $0 |
Elyse Weller State Representative | Trustee | 5 | $0 |
Melissa Van Meter Delegate | Trustee | 5 | $0 |
Brandi Miller State Reperesentative | Trustee | 5 | $0 |
Mandy Slowinski State Representative | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,740 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,740 |
| Total Program Service Revenue | $230,812 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,486 |
| Advertising and promotion | $0 |
| Office expenses | $3,769 |
| Information technology | $1,813 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $142,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $237,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,158 |
| All other expenses | $0 |
| Total functional expenses | $426,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,840 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $176,840 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $176,840 |