1. Directory
  2. Wisconsin
  3. Madison
  4. USA Funds
EIN 94-6050341

USA Funds

IRS 501(c) type
501(c)(3)
Num. employees
24
City
Madison
State
Wisconsin
Year formed
1960
Most recent tax filings
2018-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Notice
This nonprofit is terminated or no longer active
USA Funds may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
USA Funds is corporation that supports access to education by providing financial and other valued services to those who pursue, provide or promote education.
Also known as...
United Student Aid Funds
Total revenues
$330,115,707
2018
Total expenses
$198,304,563
2018
Total assets
$0
2018
Num. employees
24
2018

Program areas at USA Funds

United Student Aid Funds, Inc.(USAF) guarantees student loans and provides a full-range of services. One aspect of the full-range guaranty services is to provide collection assistance to lenders for delinquent loans. This includes contacting the borrower to attempt to restore the loan to a current status through various options. This contact also involves educating and/or counseling borrowers. In addition, USAF provides direct support of personal financial management education, financial aid awareness and college access initiatives, and guidance and counsel on consolidation loans and loan rehabilitation under the Federal Higher Education Act of 1965, as amended.

Grants made by USA Funds

GranteeGrant descriptionAmount
Strada Education NetworkOperational Grant$81,213,210

Who funds USA Funds

Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL FAMILY EDUCATION LOANS (GUARANTY AGENCIES)$913,616,133

Personnel at USA Funds

NameTitleCompensation
Richard GeorgePresident and Chief Executive Officer$0
Jacqueline FairbairnVice President - Policy and Regl Compliance$0
Rebecca RappGen CNSL and Asst Secretary$0
Jeffery CrosbyChief Operating Officer$0
Amy KobishopVice President - Community Investments$0
...and 18 more key personnel

Financials for USA Funds

RevenuesFYE 12/2018
Total grants, contributions, etc.$0
Program services$327,550,446
Investment income and dividends$2,359,600
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$205,661
Total revenues$330,115,707

Form 990s for USA Funds

Fiscal year endingDate received by IRSFormPDF link
2018-122019-10-30990View PDF
2017-122019-02-21990View PDF
2016-122017-12-19990View PDF
2016-092017-10-25990View PDF
2015-092016-12-16990View PDF
...and 10 more Form 990s
Data update history
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
March 30, 2020
Updated personnel
Identified 2 new personnel
February 27, 2019
Updated personnel
Identified 5 new personnel
January 25, 2018
Used new vendors
Identified 12 new vendors, including , , , , , , , , , , , and
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
Education
Characteristics
LobbyingPartially liquidatedNational levelReceives government fundingTerminated
General information
Address
2501 International LN
Madison, WI 53704
Metro area
Madison, WI
County
Dane County, WI
Website URL
ascendiumeducation.org/ 
Phone
(317) 806-1231
Facebook page
usafunds 
Twitter profile
@usafundsorg 
IRS details
EIN
94-6050341
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1960
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
Free account sign-up

Want updates when USA Funds has new information, or want to find more organizations like USA Funds?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy