Civic Intelligence

Zero Debt Massachusetts Inc

990 • Fiscal year 2023 • EIN 84-1728379

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileZERODEBTMA.ORG
14 Waterfall Drive Apt LCanton, MA 02021

(617) 240-0891

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

97th percentile

$84,212

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 21.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

98th percentile

607%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

38th percentile

-4.9%

Faster revenue growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$276,940

Up $237,773 (+607%) from 2022

Net Assets

Up

$275,440

Up $236,273 (+603%) from 2022

Liabilities

Up

$1,500

Up $1,500 from 2022

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin93rd percentile

Revenue

Down

$400,366

Down $20,750 (-4.9%) from 2022

Expenses

Down

$164,092

Down $130,504 (-44%) from 2022

Net Income

Up

$236,274

Up $109,754 (+87%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2019: $21,532Liabilities 2019: $1,254Net Assets 2019: $20,2782019Assets 2020: $8,208Liabilities 2020: $78,604Net Assets 2020: -$70,3962020Assets 2021: $27,151Liabilities 2021: $114,504Net Assets 2021: -$87,3532021Assets 2022: $39,167Liabilities 2022: $0Net Assets 2022: $39,1672022Assets 2023: $276,940Liabilities 2023: $1,500Net Assets 2023: $275,4402023Assets 2024: $40,362Liabilities 2024: $1,500Net Assets 2024: $38,8622024

Highlighted filing

2023

Assets$276,940
Liabilities$1,500
Net Assets$275,440
Open 2023 Filing

Operations Trend

Revenue Growth38th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2019: $152,350Expenses 2019: $132,072Net Income 2019: $20,2782019Revenue 2020: $244,492Expenses 2020: $335,166Net Income 2020: -$90,6742020Revenue 2021: $339,000Expenses 2021: $355,957Net Income 2021: -$16,9572021Revenue 2022: $421,116Expenses 2022: $294,596Net Income 2022: $126,5202022Revenue 2023: $400,366Expenses 2023: $164,092Net Income 2023: $236,2742023Revenue 2024: $0Expenses 2024: $236,578Net Income 2024: -$236,5782024

Highlighted filing

2023

Revenue$400,366
Expenses$164,092
Net Income$236,274
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$400,366
Mission and Program Overview

Mission

Zero debt massachusetts organizes students, parents, and community members to amplify the voices and leadership of those most impacted by the burden of student debt in our cities and state. We are a network of inter-generational activists and organizations fighting for student borrowers' protections, reinvestment's in public higher education and a zero debt higher education finance system free from student debt.

Zero debt massachusetts, inc. (zdm) is a grassroots organization driven by the voices and lived experiences of students, alumni, and families impacted by the national student debt crisis. We focus our organizing efforts in those communities most disproportionately impacted by the burden of student debt in massachusetts: low-income and communities of color. As an organization, we celebrate the strength we derive from our diverse backgrounds and bring those perspectives to our organizing work every single day.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$200,000-
Cash and Non-Interest-Bearing Accounts$39,167$76,940▲ $37,773
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$39,167$276,940▲ $237,773
Liabilities
Accounts Payable and Accrued Expenses-$1,500-
Total Liabilities$0$1,500▲ $1,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,167$275,440▲ $236,273
Total Net Assets Fund Balance$39,167$275,440▲ $236,273
Total Liabilities and Net Assets / Fund Balance$39,167$276,940▲ $237,773

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,594$1,594
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claudio MartinezExecutive DirectorFT$76,392$7,820$84,212
Melvin MillerEditor in ChiefFT$56,681-$56,681

Board Members and Trustees

NameTitle
Vanessa SnowPresident
Ashley Rose SalomonDirector
Carlos RiosDirector
Emy TakinamiClerk
Peter BarrosTreasurer
Cisnell BaezVice Preisdent
Revenue and Support

Revenue Composition

Contributions and Grants
$400,366
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$400,366
Change in Net Assets
$236,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$145,875
Other Expenses$18,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$69,054$15,158-$84,212
Other Salaries and Wages$53,164--$53,164
Payroll Taxes$6,969$1,530-$8,499
Fees for Services Accounting-$5,156-$5,156
Occupancy$5,000--$5,000
Fees for Services Other$1,000$602-$1,602
Office Expenses-$1,418-$1,418
Other Expenses$1,393--$1,393
Conferences and Meetings-$346-$346
Insurance-$124-$124
Total Functional Expenses$139,758$24,334$0$164,092
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is made available to the board of directors for review prior to filing”

Form 990, Part VI, Section B, Line 12C

“Zdm has a conflict of interest policy. All board and staff members are asked to report any activities that may give rise to conflicts once a year. The executive director monitors all financials, programmatic, and board and staff activities of the organization to make sure zdm is in compliance with its conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“At a board of directors meeting, board members reviewed and approved the compensation of the executive director, after the board reviewed and discussed the reports presented by the executive director at the board meeting regarding the yearly successes and challenges of the organization and projected work plan, goals, and objectives.”

Form 990, Part VI, Section C, Line 19

“Zdm makes its governing documents and financial statements available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Zero Debt Massachusetts Inc
EIN
84-1728379
Phone
6172400891
Address
14 WATERFALL DRIVE APT L, CANTON, MA 02021

Signing Officer

Name
Claudio Martinez
Title
Executive Director
Phone
6172400891
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claudio Martinez
Formed
2019
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
2
Volunteers
6

Preparer

Firm
Non Profit Capital Management LLC
Address
153 CLINTON RD, STERLING, MA 01564-2357
Preparer
Brian Kindorf
Phone
7819336732
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0ZERO DEBT MASSACHUSETTS, INC. (ZDM) IS A GRASSROOTS ORGANIZATION DRIVEN BY THE VOICES AND LIVED EXPERIENCES OF STUDENTS, ALUMNI, AND FAMILIES IMPACTED BY THE NATIONAL STUDENT DEBT CRISIS. WE FOCUS OUR ORGANIZING EFFORTS IN THOSE COMMUNITIES MOST DISPROPORTIONATELY IMPACTED BY THE BURDEN OF STUDENT DEBT IN MASSACHUSETTS: LOW-INCOME AND COMMUNITIES OF COLOR. AS AN ORGANIZATION, WE CELEBRATE THE STRENGTH WE DERIVE FROM OUR DIVERSE BACKGROUNDS AND BRING THOSE PERSPECTIVES TO OUR ORGANIZING WORK EVERY SINGLE DAY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE GREATER BOSTON NEWS BUREAU (GBNB) IS A START-UP NONPROFIT NEWS ORGANIZATION DEDICATED TO DELIVERING HIGH-QUALITY, IN-DEPTH JOURNALISM THAT ADDRESSES ISSUES IMPACTING GREATER BOSTON'S BLACK, LATINX, AND ASIAN AMERICAN COMMUNITIES. SINCE JOINING AJP'S LOCAL NEWS INCUBATOR, GBNB HAS REFINED ITS MISSION THROUGH EXTENSIVE RESEARCH AND COMMUNITY ENGAGEMENT, CONDUCTING LISTENING SESSIONS, ESTABLISHING PARTNERSHIPS WITH LOCAL MEDIA, AND EXPANDING ITS REACH THROUGH ACTIVE ENGAGEMENT WITH FOUNDATIONS AND INDIVIDUAL DONORS. GBNB HAS ALSO COMPLETED A COMPREHENSIVE SURVEY OF THE LOCAL MEDIA LANDSCAPE AND IS WORKING TO STRENGTHEN DEMOCRACY AND CIVIC ENGAGEMENT, EDUCATION, AND COMMUNITY DEVELOPMENT. ZERO DEBT MASSACHUSETTS, INC. ACTS AS A FISCAL SPONSOR ON BEHALF OF THE GBNB.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01594
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01594
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ZDM HAS A CONFLICT OF INTEREST POLICY. ALL BOARD AND STAFF MEMBERS ARE ASKED TO REPORT ANY ACTIVITIES THAT MAY GIVE RISE TO CONFLICTS ONCE A YEAR. THE EXECUTIVE DIRECTOR MONITORS ALL FINANCIALS, PROGRAMMATIC, AND BOARD AND STAFF ACTIVITIES OF THE ORGANIZATION TO MAKE SURE ZDM IS IN COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT A BOARD OF DIRECTORS MEETING, BOARD MEMBERS REVIEWED AND APPROVED THE COMPENSATION OF THE EXECUTIVE DIRECTOR, AFTER THE BOARD REVIEWED AND DISCUSSED THE REPORTS PRESENTED BY THE EXECUTIVE DIRECTOR AT THE BOARD MEETING REGARDING THE YEARLY SUCCESSES AND CHALLENGES OF THE ORGANIZATION AND PROJECTED WORK PLAN, GOALS, AND OBJECTIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ZDM MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt039167
IRS990/TotalAssetsGrp/EOYAmt0276940
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0400366
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024334
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0139758
IRS990/TotalFunctionalExpensesGrp/TotalAmt0164092
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt039167
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0275440
IRS990/TotalOtherCompensationAmt07820
IRS990/TotalProgramServiceExpensesAmt0139758
IRS990/TotalReportableCompFromOrgAmt0133073
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0400366
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039167
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0276940
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CANTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002021
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0ZERODEBTMA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CLAUDIO MARTINEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06172400891
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ZERO DEBT MASSACHUSETTS INC
ReturnHeader/Filer/BusinessNameControlTxt0ZERO
ReturnHeader/Filer/EIN0841728379
ReturnHeader/Filer/PhoneNum06172400891
ReturnHeader/Filer/USAddress/AddressLine1Txt014 WATERFALL DRIVE APT L
ReturnHeader/Filer/USAddress/CityNm0CANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002021
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383697447
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NON PROFIT CAPITAL MANAGEMENT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0153 CLINTON RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STERLING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0015642357
ReturnHeader/PreparerPersonGrp/PhoneNum07819336732
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN KINDORF
ReturnHeader/ReturnTs02024-11-14T10:41:59-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$276,940
Liabilities
$1,500
Net assets
$275,440
Revenue
$400,366
Expenses
$164,092
Net income
$236,274
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.02$0.39$0.00$2.37$2.37
2023Detailed filing. Detailed filing data is available for this year.$2.77$0.02$2.75$4.00$1.64$2.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$4.21$2.95$1.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$1.15$0.87$3.39$3.56$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.08$0.79$0.70$2.44$3.35$0.91
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.01$0.20$1.52$1.32$0.20