Zero Debt Massachusetts Inc

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

EIN: 841728379 ✦ Canton, MA ✦ Designated as a 501(c)(3)

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Overview

What is Zero Debt Massachusetts Inc?

Zero Debt Massachusetts Inc, based in Canton, Massachusetts, is a grassroots organization with a mission to amplify the voices and leadership of individuals and communities affected by the burden of student debt. The nonprofit, which operates with a small team of two individuals, focuses on advocating for student borrowers' protections, reinvestments in public higher education, and a zero-debt higher education finance system. Zero Debt Massachusetts Inc primarily serves low-income and communities of color, recognizing the disproportionate impact of student debt in these communities. The organization celebrates its diverse backgrounds and employs unique perspectives in its organizing efforts daily.


Official website here: www.zerodebtma.org

Is Zero Debt Massachusetts Inc legitimate?

Zero Debt Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zero Debt Massachusetts Inc submitted a form 990, 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $150,522
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,715

For more financial information, click here


Official website here: www.zerodebtma.org

What is the mission statement of Zero Debt Massachusetts Inc?

Zero Debt Massachusetts Inc, as a grassroots organization, is powered by the experiences and voices of students, alumni, and families affected by the national student debt crisis. Their mission is to focus on organizing efforts in communities disproportionately impacted by student debt, particularly low-income and communities of color. They celebrate the strength derived from their diverse backgrounds and bring these perspectives to their work every day. The organization aims to make a difference in this critical issue.


Official website here: www.zerodebtma.org

Who is the CEO of Zero Debt Massachusetts Inc?

Claudio Martinez is the President of Zero Debt Massachusetts Inc.


Official website here: www.zerodebtma.org

What is the revenue of Zero Debt Massachusetts Inc?

Zero Debt Massachusetts Inc's revenue in 2022 was $421,116.


Official website here: www.zerodebtma.org

Who are the executives of Zero Debt Massachusetts Inc and what are their salaries?

The average compensation at Zero Debt Massachusetts Inc during 2022 was $99,618. There are 2 employees and 6 volunteers at Zero Debt Massachusetts Inc.


Here are 7 key members and their salaries:


Vanessa Snow (President)
  • Compensation: $0
  • Related: $0
  • Other: $700
Carlos Rios (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Rose Salomon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Barros (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emy Takinami (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cisnell Baez (Vice Preisdent)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claudio Martinez (Executive Director)
  • Compensation: $140,737
  • Related: $0
  • Other: $11,901


Official website here: www.zerodebtma.org

Where can I find the form 990 for Zero Debt Massachusetts Inc?

Zero Debt Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.zerodebtma.org

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

Mission Statement of Zero Debt Massachusetts Inc

Zero Debt Massachusetts Inc, or ZDM for short, is a grassroots organization that draws strength from the diverse backgrounds and lived experiences of students, alumni, and families impacted by the national student debt crisis. Their mission is to focus their organizing efforts on communities in Massachusetts that are disproportionately impacted by the burden of student debt, including low-income and communities of color. ZDM celebrates its diverse perspectives and brings them to its organizing work every day, striving to make a difference in addressing this critical issue.

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Impact




October, 2024

Zero Debt Massachusetts Inc addresses the pressing issue of student debt by mobilizing the voices of those most affected, including students, alumni, and families. The organization focuses on communities within Massachusetts that are disproportionately burdened by this crisis, particularly low-income populations and communities of color.

Through grassroots organizing, Zero Debt Massachusetts amplifies the experiences and leadership of these groups, fostering a network of inter-generational activists committed to advocating for student borrowers' rights. Their efforts aim to secure protections for borrowers, push for reinvestment in public higher education, and ultimately strive for a system that allows for a higher education experience free from the constraints of student debt. This community-centered approach not only empowers individuals but also promotes social justice and economic equity within the state.




This information is meant to be a general summary of Zero Debt Massachusetts Inc. 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
$421,116 (2022)
Expenses
$294,596 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $421,116

Assets and Liabilities:

  • Total Assets: $39,167
  • Total Liabilities: $0
  • Net Assets: $39,167

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Organization Details

Founding Year

2019

Principal Officer

Claudio Martinez

Main Address

14 WATERFALL DRIVE APT L, CANTON, MA, 02021

NTEE Category

Code: W90 - Public benefit

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