Student Debt Crisis
- Assets
- $55.2k
- Revenue
- $261.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1565581
Organization Overview
Student Debt Crisis is located in Sherman Oaks, CA. The organization was established in 2014. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Debt Crisis is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Student Debt Crisis generated $261.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 60.5% each year . All expenses for the organization totaled $311.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDAMENTALLY REFORMING STUDENT DEBT AND HIGHER EDUCATION LOAN POLICIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT DEBT ADVOCACY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalia Abrams President | Officer | 30 | $87,000 |
Cody Hounaian Secretary | Officer | 20 | $58,000 |
Steven Abrams CFO | Officer | 5 | $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 | $261,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,750 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,000 |
| 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 | $706 |
| Payroll taxes | $11,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,600 |
| Fees for services: Accounting | $2,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44 |
| Payments to affiliates | $50,000 |
| Depreciation, depletion, and amortization | $406 |
| Insurance | $0 |
| All other expenses | $6,968 |
| Total functional expenses | $311,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,863 |
| Savings and temporary cash investments | $42,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $55,244 |
| Accounts payable and accrued expenses | $75 |
| 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 | $75 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $55,169 |
| Total liabilities and net assets/fund balances | $55,244 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Student Debt Crisis has recieved totaling $48,000.
| Awarding Organization | Amount |
|---|---|
Nextgen Climate America Inc Sacramento, CA PURPOSE: C3-COMPLAINT STUDENT DEBT OUTREACH | $48,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Campaign For Great Public Schools Beaverton, OR | $11,922,606 | $23,221,700 |
Alliance For College-Ready Public Schools Los Angeles, CA | $0 | $10,738,936 |
Carnegie Foundation For Advancement Teaching W Coast Office Education Stanford, CA | $131,360,777 | $20,151,205 |
Human-I-T Bell, CA | $11,089,080 | $12,233,470 |
Association Of California School Administrators Burlingame, CA | $34,914,823 | $16,453,112 |
Illustrative Mathematics Oro Valley, AZ | $5,801,016 | $11,729,780 |
California Apt Association Sacramento, CA | $10,618,601 | $9,881,237 |
Institute For Multicultural Counseling And Education Services Los Angeles, CA | $5,975,934 | $7,424,525 |
Arizona Education Association Phoenix, AZ | $8,129,999 | $7,870,679 |
Los Angeles Education Partnership Los Angeles, CA | $2,987,241 | $7,123,624 |
The Primary School Lab East Palo Alto, CA | $1,109,557 | $3,998,000 |
California Certified Organic Farmers Inc Santa Cruz, CA | $8,482,954 | $7,449,221 |