Civic Intelligence

Student Financial Aid Association

990 • Fiscal year 2020 • EIN 35-6024366

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 07, 2021

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

41st percentile

0.02x

Higher debt load relative to assets than 41% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.07x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

88th percentile

47%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

59th percentile

12%

Faster asset growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-10%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$517,608

Up $53,644 (+12%) from 2019

Net Assets

Up

$509,243

Up $55,872 (+12%) from 2019

Liabilities

Down

$8,365

Down $2,228 (-21%) from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin88th percentile

Revenue

Down

$119,514

Down $13,893 (-10%) from 2019

Expenses

Up

$63,642

Up $34,459 (+118%) from 2019

Net Income

Down

$55,872

Down $48,352 (-46%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth59th 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

2020

Assets$517,608
Liabilities$8,365
Net Assets$509,243
Open 2020 Filing

Operations Trend

Revenue Growth37th 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

2020

Revenue$119,514
Expenses$63,642
Net Income$55,872
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 7, 2021
Return Version
2020v4.0
Gross Receipts
$144,540
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$443,770$499,450▲ $55,680
Savings and Temporary Cash Investments$20,194$18,158▼ $2,036
Total Assets$463,964$517,608▲ $53,644
Liabilities
Other Liabilities$10,593$8,365▼ $2,228
Total Liabilities$10,593$8,365▼ $2,228
Net Assets / Fund Balance
Net Assets With Donor Restrictions$293,179$293,179→ $0
Net Assets Without Donor Restrictions$160,192$216,064▲ $55,872
Total Net Assets Fund Balance$453,371$509,243▲ $55,872
Total Liabilities and Net Assets / Fund Balance$463,964$517,608▲ $53,644

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$253,179---$293,179
2018$253,179---$253,179
2017$274,141---$274,141
2016$274,141---$274,141
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Michael DirienzoPresident
Amy CasavantBoard Member
Bryan RuderBoard Member
Casey TrelaBoard Member
Eileen KorbaBoard Member
Hannah DillBoard Member
Hillary HillenbrandBoard Member
Jaharana TapalBoard Member
Jessica ScalfanoBoard Member
Marc HoeppnerBoard Member
Mark ChandlerBoard Member
Mary Jo HarperBoard Member
Thornton PatbergBoard Member
Pam MeibalaneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$54,995
Program Service Revenue
$0
Investment Income
$64,519
Other Revenue
$0
All Other Contributions
$54,995
Change in Net Assets
$55,872
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$58,602
Other Expenses$5,040
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$58,602--$58,602
Fees for Service Investment Mgmnt Fees$4,540--$4,540
Fees for Services Accounting-$500-$500
Total Functional Expenses$63,142$500$0$63,642
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$8,365
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 35% controlled entity
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
Michael Dirienzo
Title
President
Phone
8124233138
Signed
2021-11-07

Organization Details

Principal Officer
Michael Dirienzo
Formed
1958
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
14

Preparer

Firm
Head Accounting LLC
Address
3009 OAK HILL RD, EVANSVILLE, IN 47711
Preparer
Susan B Head CPA
Phone
8125680217
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.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

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

Raw XML Appendix359 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0253179
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0253179
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0274141
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0274141
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0274141
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0274141
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AGENCY FUNDS
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/TotalLiabilityAmt08365
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt058602
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt038
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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0463964
IRS990/TotalAssetsEOYAmt0517608
IRS990/TotalAssetsGrp/BOYAmt0463964
IRS990/TotalAssetsGrp/EOYAmt0517608
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt054995
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0500
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt063142
IRS990/TotalFunctionalExpensesGrp/TotalAmt063642
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010593
IRS990/TotalLiabilitiesEOYAmt08365
IRS990/TotalLiabilitiesGrp/BOYAmt010593
IRS990/TotalLiabilitiesGrp/EOYAmt08365
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0453371
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0509243
IRS990/TotalProgramServiceExpensesAmt063142
IRS990/TotalRevenueGrp/ExclusionAmt06726
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt057793
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0119514
IRS990/TotalVolunteersCnt014
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0463964
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0517608
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL DIRIENZO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08124233138
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STUDENT FINANCIAL AID ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0STUD
ReturnHeader/Filer/EIN0356024366
ReturnHeader/Filer/PhoneNum08124233138
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 MAIN STREET SUITE 305
ReturnHeader/Filer/USAddress/CityNm0EVANSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047708
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832448097
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HEAD ACCOUNTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03009 OAK HILL RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EVANSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047711
ReturnHeader/PreparerPersonGrp/PhoneNum08125680217
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN B HEAD CPA
ReturnHeader/ReturnTs02021-11-10T18:08:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DIRIENZO
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$517,608
Liabilities
$8,365
Net assets
$509,243
Revenue
$119,514
Expenses
$63,642
Net income
$55,872
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