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Student Debt Crisis

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471565581 ✦ Sherman oaks, CA ✦ Designated as a 501(c)(4)

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Overview

What is Student Debt Crisis?

Student Debt Crisis is a nonprofit organization dedicated to revolutionizing student debt and higher education loan policies. Through their advocacy program, they aim to bring about significant changes in these policies. Their primary goal is to create a more equitable and accessible system for individuals burdened by student debt. By advocating on behalf of students and families, they strive to make higher education more affordable and manageable. The organization's efforts extend beyond policy reform, aiming to foster a broader understanding and support for those impacted by student debt.


Official website here: www.studentdebtcrisis.org

Is Student Debt Crisis legitimate?

Student Debt Crisis is a legitimate nonprofit organization registered as a 501(c)(4) entity. Student Debt Crisis submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.studentdebtcrisis.org

What is the mission statement of Student Debt Crisis?

Student Debt Crisis, as an organization, is committed to fundamentally transforming student debt and higher education loan policies. They accomplish this through their advocacy program, working towards reforming these policies to benefit individuals burdened by student debt. The organization's goal is to create a more equitable and accessible higher education system for future generations. By advocating for changes in policies, Student Debt Crisis aims to alleviate the financial burden that student debt often imposes on individuals, enabling them to pursue their educational goals without undue financial strain.


Official website here: www.studentdebtcrisis.org

Who is the CEO of Student Debt Crisis?

Natalia Abrams is the President of Student Debt Crisis.


Official website here: www.studentdebtcrisis.org

What is the revenue of Student Debt Crisis?

Student Debt Crisis's revenue in 2022 was $129,174.


Official website here: www.studentdebtcrisis.org

Who are the executives of Student Debt Crisis and what are their salaries?


Here are 3 key members and their salaries:


Natalia Abrams (President)
  • Compensation: $57,000
  • Related: $0
  • Other: $0
Steven Abrams (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Hounanian (Secretary)
  • Compensation: $43,000
  • Related: $0
  • Other: $0


Official website here: www.studentdebtcrisis.org

Where can I find the form 990EZ for Student Debt Crisis?

Student Debt Crisis's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.studentdebtcrisis.org

Learn more at the official website: www.studentdebtcrisis.org

Mission Statement of Student Debt Crisis

Student Debt Crisis, as a nonprofit organization, is committed to bringing about significant changes in student debt and higher education loan policies. Their mission is centered around advocating for reforms in this field, with the aim of fundamentally overhauling the existing student debt and loan policies. By undertaking this program of advocacy, Student Debt Crisis seeks to create a more equitable and accessible higher education system for all.

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Impact




October, 2024

The Student Debt Crisis significantly impacts individuals and the broader economy by burdening millions with overwhelming debt, hindering opportunities for financial stability and growth. For many, this debt affects decisions about housing, career choices, and even personal relationships. The pressure of student loans can lead to mental health issues, increased stress levels, and a sense of hopelessness.

On a larger scale, the crisis has repercussions for the economy as well. High levels of student debt contribute to reduced consumer spending, delaying major purchases like homes and cars. This restriction on spending can slow economic growth and innovation. Additionally, the burden of debt can deter individuals from pursuing entrepreneurial ventures, further stifling economic dynamism.

Furthermore, the disparities in student loan burdens are stark, disproportionately affecting low-income students and communities of color, perpetuating cycles of poverty and limiting access to higher education for future generations. The crisis underscores the urgent need for reform in student debt and higher education loan policies, aiming to create a more equitable educational landscape and alleviate the financial pressures faced by millions.




This information is meant to be a general summary of Student Debt Crisis. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$129,174 (2022)
Expenses
$120,888 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $129,174

Assets and Liabilities:

  • Total Assets: $63,455
  • Total Liabilities: $0
  • Net Assets: $63,455

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Organization Details

Principal Officer

Natalia Abrams

Main Address

15442 VENTURA BLVD 102, SHERMAN OAKS, CA, 91403

NTEE Category

Code: B01 - Education

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