Project On Predatory Student Lending Inc
- Assets
- $1.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Jamaica Plain, MA
- Founding
- Data as of
- 12/2023
- EIN
- 87-4582545
Organization Overview
Project On Predatory Student Lending Inc is located in Jamaica Plain, MA. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2023, Project On Predatory Student Lending Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project On Predatory Student Lending 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 12/2023, Project On Predatory Student Lending Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PROJECT ON PREDATORY STUDENT LENDING IS THE LEADING LEGAL ORGANIZATION REPRESENTING STUDENTS AGAINST THE PREDATORY FOR-PROFIT COLLEGE INDUSTRY AND THE POLICIES THAT ENABLE THE INDUSTRY TO EXPLOIT THE PROMISE OF HIGHER EDUCATION TO CHEAT STUDENT BORROWERS AND TAXPAYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PPSL'S MISSION IS TO USE LITIGATION TO ELIMINATE PREDATORY PRACTICES IN HIGHER EDUCATION, AND TO RELIEVE CURRENT AND FUTURE BORROWERS FROM FRAUDULENT STUDENT LOAN DEBT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Colon Member | Trustee | 2 | $0 |
Persis Yu Member | Trustee | 2 | $0 |
Eileen Connor President | Officer | 40 | $181,187 |
Mike Firestone Board Chair | Officer | 2 | $0 |
Jennifer Bennett Treasurer | Officer | 2 | $0 |
Margaret O'grady Clerk | Officer | 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 | $1,456,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,456,285 |
| Total Program Service Revenue | $708,045 |
| Investment income | $23,399 |
| 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 | $2,187,729 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,109,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,522 |
| Payroll taxes | $87,012 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,940 |
| Fees for services: Accounting | $38,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,011 |
| Advertising and promotion | $102,952 |
| Office expenses | $1,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,962 |
| Travel | $42,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,452 |
| Insurance | $7,796 |
| All other expenses | $5,701 |
| Total functional expenses | $1,921,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $696,530 |
| Savings and temporary cash investments | $654,238 |
| Pledges and grants receivable | $320,000 |
| 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 | $16,064 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,400 |
| Total assets | $1,766,232 |
| Accounts payable and accrued expenses | $80,528 |
| 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 | $79,356 |
| Total liabilities | $159,884 |
| Net assets without donor restrictions | $1,436,348 |
| Net assets with donor restrictions | $170,000 |
| 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 | $1,766,232 |