EIN 04-2254705

American Student Assistance (ASA)

IRS 501(c) type
501(c)(3)
Num. employees
124
City
Year formed
1956
Most recent tax filings
2022-12-01
Description
American Student Assistance (ASA) is a non-profit organization whose mission is to help students successfully complete the financing and repayment of higher education by acting as a student loan guarantor.
Also known as...
Massachusetts Higher Education Assistance Corporation
Total revenues
$81,920,356
2022
Total expenses
$69,303,434
2022
Total assets
$945,178,364
2022
Num. employees
124
2022

Program areas at ASA

Massachusetts Higher Education Assistance Corporation (mheac) relieves the burdens of government and assists students and parents in successfully completing a program of Higher Education by continuing to act as a guarantor of Student loans made by lenders, in connection with the federal Higher Education act of 1965. In addition, mheac engages in a variety of activities in furtherance of Higher Education, including helping students explore alternative Education pathways in pursuit of successful and fulfilling careers.
College access programs - mheac offers free comprehensive information, guidance and practical help to assist underserved and under-represented individuals gain access to and succeed within the post-secondary Education system. High school students are able to participate in school-based programs that include college campus tours, summer college preparatory programs, standardized test preparation, scholarship search, college selection and the application process. Individuals without access to school-based programs are provided services at several dedicated college planning centers (cpcs) based in urban communities. The services include individualized counseling on the college planning, application and financing processes.
Middle and high school activities: mheac engages in a variety of activities in furtherance of Higher Education. The mission is to help students know themselves, know their options, and make informed decisions to achieve their Education and career goals. Asa is committed to helping students explore Education and career options starting in middle school, experiment through hands-on opportunities, and execute a plan to meet their goals. Asa's innovative programs and partnerships, combined with a robust research agenda and advocacy platform, enable asa to provide meaningful impact to young people on a national scale.

Grants made by ASA

GranteeGrant descriptionAmount
Jobs for the Future (JFF)Postsecondary Pathways$1,500,000
The National Mentoring PartnershipCareer Exporation$900,000
Rodel Charitable Foundation - DeCareer Exploration$566,666
...and 16 more grants made

Who funds American Student Assistance (ASA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Massachusetts Education and Career OpportunitiesEducation$561,286

Personnel at ASA

NameTitleCompensation
Barbara MatezPresident and Chief Executive Officer and Treasurer$492,834
Jean EddyPresident and Chief Executive Officer$705,315
Clay ColarussoChief Marketing Officer$383,768
Angie CasteraChief Human Resources Officer
Annabel CelliniFormer Chief Strategy Officer$362,890
...and 30 more key personnel

Financials for ASA

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,389,402
Program services$87,981,477
Investment income and dividends$20,425,093
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-28,659,113
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$783,497
Total revenues$81,920,356

Form 990s for ASA

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-11990View PDF
2021-122022-11-02990View PDF
2020-122021-11-01990View PDF
2019-122021-02-24990View PDF
2018-062019-05-14990View PDF
...and 8 more Form 990s
Data update history
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 5 new personnel
November 27, 2023
Used new vendors
Identified 2 new vendors, including , and
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 11, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
33 Arch St 2100
Boston, MA 02110
Metro area
Boston-Cambridge-Newton, MA-NH
Website URL
asa.org/ 
Phone
(800) 999-9080
Facebook page
American-Student-Assistance 
Twitter profile
@asa_org 
IRS details
EIN
04-2254705
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1956
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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