Overview
What is Graduate Debt Exchange Program?
The Graduate Debt Exchange Program is a newly established nonprofit organization, spearheaded by its founder and CEO, Destiny Spence. Its primary purpose is to aid indebted college graduates by offering an alternative to repaying their school loans through volunteer work. At present, the organization is in its initial stages, with the CEO overseeing its operations alone. The Graduate Debt Exchange Program has not yet received any financial aid or incurred significant expenses beyond its initial setup costs.
Is Graduate Debt Exchange Program legitimate?
Graduate Debt Exchange Program is a legitimate nonprofit organization registered as a 501(c)(3) entity. Graduate Debt Exchange Program 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.
What is the mission statement of Graduate Debt Exchange Program?
The Graduate Debt Exchange Program, a nonprofit organization, is dedicated to assisting indebted college graduates. Its mission is to offer an alternative to repaying student debt by facilitating the exchange of educational debts for volunteer work. Although the organization is in its initial stages, being managed solely by its founder, it has not yet incurred any significant expenses beyond startup costs. The program aims to provide a solution for individuals burdened by student debt, enabling them to fulfill their volunteer obligations in exchange for debt reduction.
Who is the CEO of Graduate Debt Exchange Program?
Adrianna Payne is the Chief Operating Officer of Graduate Debt Exchange Program. The CEO's salary of Graduate Debt Exchange Program is $0 and their total compensation is $0.
What is the revenue of Graduate Debt Exchange Program?
Graduate Debt Exchange Program's revenue in 2022 was $0.
Who are the executives of Graduate Debt Exchange Program and what are their salaries?
Here are 3 key members and their salaries (Graduate Debt Exchange Program's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Graduate Debt Exchange Program?
Graduate Debt Exchange Program's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Graduate Debt Exchange Program
The Graduate Debt Exchange Program is a nonprofit organization that aims to assist indebted college graduates by offering them an opportunity to exchange their school debt for volunteer work. Established by its CEO and founder, Destiny Spence, this initiative is still in its initial stages and is being operated on a modest budget, primarily covering startup costs. The mission of the Graduate Debt Exchange Program is to alleviate the financial burden of college debt for eligible individuals by providing them with a chance to contribute to society through volunteer work. The program is yet to receive any grants or incur additional expenses beyond its initial setup costs.
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Impact
October, 2024
The Graduate Debt Exchange Program offers a unique approach to addressing the burden of student debt faced by many college graduates. By enabling participants to exchange their educational debt for volunteer work, the program not only alleviates financial pressure but also encourages community engagement and civic responsibility.
This initiative has the potential to create a meaningful impact both for graduates and the communities they serve. Graduates can gain valuable experience, networks, and skills while fulfilling their debt obligations through service. Additionally, the volunteer work contributes positively to local organizations and causes, fostering a sense of solidarity and purpose within the community.
As the program is still under initial construction and operated by its founder, Destiny Spence, it remains to be seen how it will evolve and scale. Currently, the program has not received external funding or faced significant operational expenses, which suggests a focus on sustainable growth. The success of the Graduate Debt Exchange Program could lead to broader conversations about innovative solutions for managing student debt and enhancing volunteerism, potentially inspiring similar initiatives nationwide.
This information is meant to be a general summary of Graduate Debt Exchange Program. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Phone
(757) 358-7753Principal Officer
Adrianna Payne
Main Address
323 FOREST PARK RD, MADISON, TN, 37115
NTEE Category
Code: T40 - Philanthropy
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