Class Action Network Inc
- Assets
- $226.7k
- Revenue
- $215.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Jamaica Plain, MA
- Founding
- 03/2005
- Data as of
- 06/2022
- EIN
- 26-0091867
Organization Overview
Class Action Network Inc is located in Jamaica Plain, MA. The organization was established in 2005. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Class Action Network Inc 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 06/2022, Class Action Network Inc generated $215.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $291.3k during the year ending 06/2022. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
CLASS ACTION INSPIRES ACTION TO END CLASSISM AND EXTREME INEQUALITY BY PROVIDING CHANGE-MAKERS WITH TOOLS, TRAINING AND INSPIRATION TO RAISE AWARENESS, SHIFT CULTURAL BELIEFS ABOUT SOCIAL CLASS, BUILD CROSS-CLASS SOLIDARITY, AND TRANSFORM INSTITUTIONS AND SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DELIVERED 7 TRAININGS TO SCHOOLS, COLLEGES, AND NON-PROFIT ORGANIZATIONS; GENERATED 4 NEWSLETTERS, HAD APPROXIMATELY 50 PEOPLE ATTENDING THE FIRST GENERATION COLLEGE STUDENT SUMMIT IN NOV 2021, AND CONVENED A TRAINERS' SUMMIT, A GATHERING OF PRACTITIONERS FOR RACIAL JUSTICE AND ANTI-CLASSISM TRAINERS TO SHARE SKILLS AND EXPERIENCES, WITH MORE THAN 20 PARTICIPANTS. THE ORGANIZATION ALSO LAUNCHED THE FIRST GENERATION LEADERSHIP DEVELOPMENT INITIATIVE, A PROFESSIONAL SKILLS DEVELOPMENT PROGRAM GIVING RECENT FIRST-GENERATION COLLEGE GRADUATES THE OPPORTUNITY TO FACILITATE TRAININGS ON CLASS AND CLASSISM AND SHARE THEIR EXPERIENCES WHILE DEVELOPING THEIR SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Fetter Treasurer | Officer | 0.5 | $0 |
Becky Martinez Director | Trustee | 0.5 | $0 |
Betsy Leondar-Wright Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,420 |
| Total Program Service Revenue | $53,366 |
| Investment income | $2 |
| 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 | $572 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50 |
| Grants and other assistance to domestic individuals. | $700 |
| 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 | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $255,530 |
| Advertising and promotion | $1,050 |
| Office expenses | $458 |
| Information technology | $1,020 |
| Royalties | $0 |
| Occupancy | $7,089 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $645 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $382 |
| Insurance | $0 |
| All other expenses | $588 |
| Total functional expenses | $291,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,690 |
| Savings and temporary cash investments | $15,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,650 |
| 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 | $637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,694 |
| Accounts payable and accrued expenses | $41,510 |
| 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 | $41,510 |
| Net assets without donor restrictions | $128,706 |
| Net assets with donor restrictions | $56,478 |
| 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 | $226,694 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Class Action Network Inc has recieved totaling $68,774.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $13,750 |
Proteus Fund Inc Amherst, MA PURPOSE: RIGHTS & JUSTICE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Consumer Credit Counseling Inc Auburndale, MA | $18,184,034 | $13,306,197 |
Cambridge Credit Counseling Corp Agawam, MA | $10,545,696 | $7,101,425 |
Hebrew Free Loan Society Inc New York, NY | $39,139,675 | $5,814,730 |
Consumers Credit Counseling Service Of Rochester Inc Rochester, NY | $7,908,723 | $3,468,563 |
Start Small Think Big Inc New York, NY | $5,478,531 | $5,454,234 |
Money Management New York, NY | $8,835,712 | $4,309,180 |
Intl Federation Of Red Cross And Red Crescent Soc At The U N Inc New York, NY | $144,561 | $1,804,361 |
Parachute Credit Counseling Inc West Seneca, NY | $1,575,678 | $1,698,417 |
Safeguard Credit Counseling Services Inc Northport, NY | $4,600,765 | $1,433,533 |
New Haven Homeownership Center Inc New Haven, CT | $925,496 | $726,500 |
Grow Brooklyn Inc Brooklyn, NY | $930,864 | $1,128,015 |
Neighborhood Housing Services Of Brooklyn Bedford-Stuyvesant Cdc In Brooklyn, NY | $839,212 | $801,648 |