Change Machine FY2021 filing
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Empowers individuals to achieve financial security through accessible tools and resources. For fiscal year 2021 it reported $6.2M in revenue, $4.9M in expenses, and $5.1M in net assets.Pt I
Summary of the Filing
Where the work happens
Product Development (platform)
Building financial security using people-powered technology is core to change machines mission. Its revolutionary cloud-based platform, which operates as a B2B2C software as a service (saas) social enterprise, provides a single platform where practitioners can learn best financial coaching practices; access tools and information; and…
Direct Services
Change machines direct services team applies a holistic partnership approach, combined with direct service provision, which build financial security for low-income communities at scale. The team engages regional and sector-based nonprofits, providing a variety of high-touch services including direct access to change machines experienced…
Capacity Building
Change machines business-to-business consulting services are designed to build capacity at organizations that work with low-income people locally and nationally. The team provides training and technical assistance to build financial security strategies into the daily interactions of frontline staff at partner organizations.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Mae Watson Grote | $246,408 | $232,036 | $226,976 | $213,712 | — |
| Mae Watson Grote | — | — | — | — | $194,315 |
| Katherine Reeves | — | $188,554 | $168,425 | $155,345 | — |
| Haidee Cabusora | — | — | $184,892 | $172,147 | — |
| Haidee Cabusora | — | — | — | — | $172,010 |
| Amina Louise Kirk | — | $168,924 | — | — | — |
| Franchette Bridget Tate | — | $167,121 | — | — | — |
| Kate Reeves | — | — | — | — | $158,317 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 67% | — | — |
| Overhead ratio | 24% | — | — |
| Fundraising cost ratio | 8% | — | — |
| Revenue growth | 77% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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