Civic Intelligence

Student Financial Aid Association

990 • Fiscal year 2016 • EIN 35-6024366

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 07, 2017

Organization ProfileN/A
501 Main Street Suite 305Evansville, IN 47708

(812) 423-3138

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

1.58x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

58th percentile

6.3%

Faster asset growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-53%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$396,766

Up $23,443 (+6.3%) from 2015

Net Assets

Up

$374,053

Up $10,367 (+2.9%) from 2015

Liabilities

Up

$22,713

Up $13,076 (+136%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin19th percentile

Revenue

Down

$14,358

Down $15,976 (-53%) from 2015

Expenses

Down

$16,476

Down $20,926 (-56%) from 2015

Net Income

Up

-$2,118

Up $4,950 (+70%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2015: $373,323Liabilities 2015: $9,637Net Assets 2015: $363,6862015Assets 2016: $396,766Liabilities 2016: $22,713Net Assets 2016: $374,0532016Assets 2017: $389,917Liabilities 2017: $9,863Net Assets 2017: $380,0542017Assets 2018: $359,428Liabilities 2018: $10,281Net Assets 2018: $349,1472018Assets 2019: $463,964Liabilities 2019: $10,593Net Assets 2019: $453,3712019Assets 2020: $517,608Liabilities 2020: $8,365Net Assets 2020: $509,2432020Assets 2021: $660,119Liabilities 2021: $9,115Net Assets 2021: $651,0042021Assets 2022: $527,282Liabilities 2022: $0Net Assets 2022: $527,2822022Assets 2023: $586,980Liabilities 2023: $0Net Assets 2023: $586,9802023Assets 2024: $687,309Liabilities 2024: $0Net Assets 2024: $687,3092024

Highlighted filing

2016

Assets$396,766
Liabilities$22,713
Net Assets$374,053
Open 2016 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2015: $30,334Expenses 2015: $37,402Net Income 2015: -$7,0682015Revenue 2016: $14,358Expenses 2016: $16,476Net Income 2016: -$2,1182016Revenue 2017: $42,706Expenses 2017: $29,491Net Income 2017: $13,2152017Revenue 2018: $39,861Expenses 2018: $27,412Net Income 2018: $12,4492018Revenue 2019: $133,407Expenses 2019: $29,183Net Income 2019: $104,2242019Revenue 2020: $119,514Expenses 2020: $63,642Net Income 2020: $55,8722020Revenue 2021: $170,760Expenses 2021: $28,999Net Income 2021: $141,7612021Revenue 2022: -$15,276Expenses 2022: $108,446Net Income 2022: -$123,7222022Revenue 2023: $120,502Expenses 2023: $60,804Net Income 2023: $59,6982023Revenue 2024: $108,023Expenses 2024: $7,694Net Income 2024: $100,3292024

Highlighted filing

2016

Revenue$14,358
Expenses$16,476
Net Income-$2,118
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 7, 2017
Return Version
2016v3.0
Gross Receipts
$103,262
Mission and Program Overview

Mission

To provide scholarships to college and trade school students who have high unmet financial needs beyond other scholarships, grants, and loans. Based on academic achievement in high school, college or trade school, and sat or act test scores, without regard to sex, race, religion, or national origin. Areas of emphasis are: teaching, music, sciences, nursing and building trades.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$361,318$374,317▲ $12,999
Savings and Temporary Cash Investments$9,515$22,449▲ $12,934
Cash and Non-Interest-Bearing Accounts$2,490--
Total Assets$373,323$396,766▲ $23,443
Liabilities
Other Liabilities$9,637$22,713▲ $13,076
Total Liabilities$9,637$22,713▲ $13,076
Net Assets / Fund Balance
Permanently Rstr Net Assets$274,141$274,141→ $0
Temporarily Rstr Net Assets$71,493$81,107▲ $9,614
Unrestricted Net Assets$18,052$18,805▲ $753
Total Net Assets Fund Balance$363,686$374,053▲ $10,367
Total Liabilities and Net Assets / Fund Balance$373,323$396,766▲ $23,443

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$274,141---$274,141
2014$274,141---$274,141
2013$274,141---$274,141
2012$274,141---$274,141
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Michael DirienzoPresident
Amy CasavantBoard Member
Bryan RuderBoard Member
Casey TrelaBoard Member
Cathleen WrightBoard Member
David HerrenbruckBoard Member
Hannah DillBoard Member
Jaharana TapalBoard Member
Jenifer GilbertBoard Member
John WorthingtonBoard Member
Kaitlin MorleyBoard Member
Libby CuliverBoard Member
Marc HoeppnerBoard Member
Mark ChandlerBoard Member
Mary Jo HarperBoard Member
Nick DusBoard Member
Pat RobertsBoard Member
Patty LackeyBoard Member
Robert WheelerBoard Member
Thornton PatbergBoard Member
Pam MeibalaneSecretary
William HouserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$14,358
Other Revenue
$0
Change in Net Assets
$-2,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,750
Other Expenses$4,726
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$11,750--$11,750
Fees for Service Investment Mgmnt Fees$3,771--$3,771
Fees for Services Accounting$880--$880
Other Expenses$7--$7
Total Functional Expenses$16,476$0$0$16,476
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds$22,713
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Because the board does not meet between receipt of the completed 990 and the due date, a copy of the 990 is circulated to all board members via email prior to the date the 990 is filed with the irs. The 990 is reviewed by the treasurer and forwarded to the president for review prior to being signed by the treasurer.”

Form 990, Page 6, Part VI, Line 12C

“Conflict of interest policy is distributed to all board members and they are required to sign an acknowledgment when they join the board of directors and annually thereafter.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Student Financial Aid Association
EIN
35-6024366
Phone
8124233138
Address
501 MAIN STREET SUITE 305, EVANSVILLE, IN 47708

Signing Officer

Name
William Houser
Title
Treasurer
Phone
8124233138
Signed
2017-11-07

Organization Details

Principal Officer
William Houser
Formed
1958
Legal Domicile
In
Voting Board Members
22
Independent Board Members
22
Employees
0

Preparer

Firm
Weinzapfel & Co LLC
Address
1301 MORTENSEN LN, EVANSVILLE, IN 47715
Preparer
Susan B Head CPA
Phone
8124741015
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide scholarships to college and trade school students who have high unmet financial needs beyond other scholarships, grants, and loans. Based on academic achievement in high school, college or trade school, and sat or act test scores, without regard to sex, race, religion, or national origin. Areas of emphasis are: teaching, music, sciences, nursing and building trades.”

Form 990, Part XI, Line 9

“Decrease in agency fund liability 0”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The organization's endowment funds are intended to provide educational support scholarships”

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IRS990/OtherExpensesGrp/Desc1STATE ENTITY FILING
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IRS990/PrincipalOfficerNm0WILLIAM HOUSER
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IRS990/PYTotalRevenueAmt030334
IRS990/ReconcilationRevenueExpnssAmt0-2118
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt013273
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt012739
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt011653
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt053371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05943
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06580
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04810
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04653
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028497
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031
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IRS990ScheduleA/PublicSupportPY170Pct00.71170
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt013273
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt012739
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt011653
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt053371
IRS990ScheduleA/TotalSupportAmt081899
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0274141
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0274141
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0274141
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0274141
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0274141
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0274141
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0274141
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0true
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AGENCY FUNDS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE EDUCATIONAL SUPPORT SCHOLARSHIPS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TotalLiabilityAmt022713
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt011750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FUNDS ARE DISTRIBUTED BY CHECKS THAT ARE JOINTLY PAYABLE TO THE INDIVIDUAL STUDENT RECIPIENT AND THE COLLEGE OR UNIVERSITY AT WHICH THE STUDENT IS ENROLLED. USE OF FUNDS ARE MONITORED BY THE INDIVIDUAL UNIVERSITIES WHICH LIMIT THEIR USE TO EDUCATIONAL PURPOSES AT THE COLLEGE OR UNIVERSITY LOCATED IN THE UNITED STATES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE SCHOLARSHIPS TO COLLEGE AND TRADE SCHOOL STUDENTS WHO HAVE HIGH UNMET FINANCIAL NEEDS BEYOND OTHER SCHOLARSHIPS, GRANTS, AND LOANS. BASED ON ACADEMIC ACHIEVEMENT IN HIGH SCHOOL, COLLEGE OR TRADE SCHOOL, AND SAT OR ACT TEST SCORES, WITHOUT REGARD TO SEX, RACE, RELIGION, OR NATIONAL ORIGIN. AREAS OF EMPHASIS ARE: TEACHING, MUSIC, SCIENCES, NURSING AND BUILDING TRADES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BECAUSE THE BOARD DOES NOT MEET BETWEEN RECEIPT OF THE COMPLETED 990 AND THE DUE DATE, A COPY OF THE 990 IS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL PRIOR TO THE DATE THE 990 IS FILED WITH THE IRS. THE 990 IS REVIEWED BY THE TREASURER AND FORWARDED TO THE PRESIDENT FOR REVIEW PRIOR TO BEING SIGNED BY THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS AND THEY ARE REQUIRED TO SIGN AN ACKNOWLEDGMENT WHEN THEY JOIN THE BOARD OF DIRECTORS AND ANNUALLY THEREAFTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DECREASE IN AGENCY FUND LIABILITY 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0373323
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt016476
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09637
IRS990/TotalLiabilitiesEOYAmt022713
IRS990/TotalLiabilitiesGrp/BOYAmt09637
IRS990/TotalLiabilitiesGrp/EOYAmt022713
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0363686
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0374053
IRS990/TotalProgramServiceExpensesAmt016476
IRS990/TotalRevenueGrp/ExclusionAmt07034
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07324
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014358
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0373323
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0396766
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt018052
IRS990/UnrestrictedNetAssetsGrp/EOYAmt018805
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt022
IRS990/VotingMembersIndependentCnt022
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM HOUSER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08124233138
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STUDENT FINANCIAL AID ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0STUD
ReturnHeader/Filer/EIN0356024366
ReturnHeader/Filer/PhoneNum08124233138
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 MAIN STREET SUITE 305

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$396,766
Liabilities
$22,713
Net assets
$374,053
Revenue
$14,358
Expenses
$16,476
Net income
-$2,118
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.87$0.00$6.87$1.08$0.08$1.00
2023Detailed filing. Detailed filing data is available for this year.$5.87$0.00$5.87$1.21$0.61$0.60
2022Detailed filing. Detailed filing data is available for this year.$5.27$0.00$5.27$0.15$1.08$1.24
2021Detailed filing. Detailed filing data is available for this year.$6.60$0.09$6.51$1.71$0.29$1.42
2020Detailed filing. Detailed filing data is available for this year.$5.18$0.08$5.09$1.20$0.64$0.56
2019Detailed filing. Detailed filing data is available for this year.$4.64$0.11$4.53$1.33$0.29$1.04
2018Detailed filing. Detailed filing data is available for this year.$3.59$0.10$3.49$0.40$0.27$0.12
2017Detailed filing. Detailed filing data is available for this year.$3.90$0.10$3.80$0.43$0.29$0.13
2016Detailed filing. Detailed filing data is available for this year.$3.97$0.23$3.74$0.14$0.16$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.73$0.10$3.64$0.30$0.37$0.07