Civic Intelligence

Project on Predatory Student Lending Inc.

990 • Fiscal year 2022 • EIN 87-4582545

Jan 19, 2022 to Dec 31, 2022 • Filed on May 10, 2023

Organization ProfileWWW.PPSL.ORG
769 Centre Street 166Jamaica Plain, MA 02130

(617) 390-2669

Siviq Scores

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

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

52nd percentile

$64,506

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets45th percentile

Assets

$1,399,250

No earlier filing loaded for comparison.

Net Assets

$1,339,769

No earlier filing loaded for comparison.

Liabilities

$59,481

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin93rd percentile

Revenue

$2,131,137

No earlier filing loaded for comparison.

Expenses

$791,368

No earlier filing loaded for comparison.

Net Income

$1,339,769

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2022: $1,399,250Liabilities 2022: $59,481Net Assets 2022: $1,339,7692022Assets 2023: $1,766,232Liabilities 2023: $159,884Net Assets 2023: $1,606,3482023Assets 2024: $5,020,146Liabilities 2024: $91,634Net Assets 2024: $4,928,5122024

Highlighted filing

2022

Assets$1,399,250
Liabilities$59,481
Net Assets$1,339,769
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Revenue 2022: $2,131,137Expenses 2022: $791,368Net Income 2022: $1,339,7692022Revenue 2023: $2,187,729Expenses 2023: $1,921,151Net Income 2023: $266,5782023Revenue 2024: $5,929,576Expenses 2024: $2,578,698Net Income 2024: $3,350,8782024

Highlighted filing

2022

Revenue$2,131,137
Expenses$791,368
Net Income$1,339,769
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 19, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$2,131,137
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$825,663-
Cash and Non-Interest-Bearing Accounts-$573,587-
Total Assets$0$1,399,250▲ $1,399,250
Liabilities
Accounts Payable and Accrued Expenses-$59,481-
Total Liabilities$0$59,481▲ $59,481
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$678,317-
Net Assets Without Donor Restrictions-$661,452-
Total Net Assets Fund Balance$0$1,339,769▲ $1,339,769
Total Liabilities and Net Assets / Fund Balance$0$1,399,250▲ $1,399,250
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Eileen ConnorPresidentFT$64,506$64,506

Board Members and Trustees

NameTitle
Mike FirestoneBoard Chair
MARGARET O'GRADYClerk
Persis YuMember
Yvette ColonMember
Jennifer BennettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,131,137
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,131,137
Change in Net Assets
$1,339,769

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,131,137
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,131,137
Total Revenue per Form 990
$2,131,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$567,054
Other Expenses$224,314
Total Fundraising Expense$20,924
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$364,951$49,283$15,689$429,923
Other Employee Benefits$78,295$10,573$3,366$92,234
Information Technology$71,403$17,116-$88,519
Fees for Services Legal$40,615--$40,615
Fees for Services Other$39,346--$39,346
Payroll Taxes$26,853$3,694$1,164$31,711
Fees for Services Accounting-$19,927-$19,927
Pension Plan Contributions$11,152$1,569$465$13,186
Travel$4,394$3,264-$7,658
Occupancy$5,586$754$240$6,580
Conferences and Meetings$3,857--$3,857
Office Expenses$50$2,426-$2,476
Other Expenses$762$841-$1,603
Advertising-$1,057-$1,057
Total Functional Expenses$656,410$114,034$20,924$791,368

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$791,368
Total Expenses per Audited Statements$791,368
Total Expenses per Form 990$791,368
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Audit committee
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
No
Other officer compensation reviewed
Yes
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 organization at a board meeting distributes the annual 990 tax returns. The board reviews in detail, votes to accept and file tax return.”

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

“The policy is reviewed prior to each new board member joining the board of directors.”

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

“The board of directors evaluates and votes to approve compensation for the organization's key employees.”

Form 990, Part VI, Section C, Line 19

“The organization will make governing documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Project on Predatory Student Lending
EIN
87-4582545
Phone
6173902669
Address
769 CENTRE STREET 166, JAMAICA PLAIN, MA 02130

Signing Officer

Name
Eileen Connor
Title
President
Phone
6173902669
Signed
2023-05-10

Organization Details

Principal Officer
Eileen Connor
Formed
2022
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
10
Volunteers
0

Preparer

Firm
James a George Pc
Address
300 BRICKSTONE SQUARE SUITE 201, ANDOVER, MA 01810
Phone
7812458200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income taxes as a charitable organization under section 501(c)(3) of the internal revenue code and is not classified as a private foundation. The organization accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statement regarding a tax position taken or expected to be taken on a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at december 31, 2022. The organization's information returns are subject to examination by the federal and state jurisdictions and generally remain open for the most recent three years.”

Raw XML Appendix344 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AT A BOARD MEETING DISTRIBUTES THE ANNUAL 990 TAX RETURNS. THE BOARD REVIEWS IN DETAIL, VOTES TO ACCEPT AND FILE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS REVIEWED PRIOR TO EACH NEW BOARD MEMBER JOINING THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS EVALUATES AND VOTES TO APPROVE COMPENSATION FOR THE ORGANIZATION'S KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL MAKE GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt01399250
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt01399250
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02131137
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020924
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0114034
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0656410
IRS990/TotalFunctionalExpensesGrp/TotalAmt0791368
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt059481
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt059481
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01339769
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0656410
IRS990/TotalReportableCompFromOrgAmt064506
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02131137
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01399250
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03264
IRS990/TravelGrp/ProgramServicesAmt04394
IRS990/TravelGrp/TotalAmt07658
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0769 CENTRE STREET 166
IRS990/USAddress/CityNm0JAMAICA PLAIN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002130
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PPSL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EILEEN CONNOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06173902669
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT ON PREDATORY STUDENT LENDING
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0874582545
ReturnHeader/Filer/PhoneNum06173902669
ReturnHeader/Filer/USAddress/AddressLine1Txt0769 CENTRE STREET 166
ReturnHeader/Filer/USAddress/CityNm0JAMAICA PLAIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002130
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203968236
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES A GEORGE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 BRICKSTONE SQUARE SUITE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANDOVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001810
ReturnHeader/PreparerPersonGrp/PhoneNum07812458200
ReturnHeader/ReturnTs02023-05-10T12:55:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EILEEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CONNOR
ReturnHeader/TaxPeriodBeginDt02022-01-19
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,399,250
Liabilities
$59,481
Net assets
$1,339,769
Revenue
$2,131,137
Expenses
$791,368
Net income
$1,339,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.02$0.09$4.93$5.93$2.58$3.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.16$1.61$2.19$1.92$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.40$0.06$1.34$2.13$0.79$1.34
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $1M-$5M nonprofits