Zero Debt Massachusetts INC

Tax-deductible

Canton, MA501(c)(3)Public & Societal BenefitEIN 84-1728379

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Zero Debt Massachusetts (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.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$53K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $47K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$53K
to officers and key staff · 85% of spending
Top officer’s pay higher than 85% of similar orgs
Concern: pay to officers and key staff is 85% of spending; over 30%.
Pt VII · Sec A
Named funders
2
named funders · $220K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44K
Spent
$63K
To programs
93%
Net assets
$20K
By yearFY2019–FY2025
Revenue
$44K
FY2025
Revenue by fiscal year
FY2019$152K
FY2020$244K
FY2021$339K
FY2022$421K
FY2023$400K
FY2024$0
FY2025$44K
Expenses
$63K
FY2025▼ -62%
Expenses by fiscal year
FY2019Not on file
FY2020$335K
FY2021$356K
FY2022$295K
FY2023$164K
FY2024Not on file
FY2025$63K
Net assets
$20K
FY2025▼ -48%
Net assets by fiscal year
FY2019$20K
FY2020−$70K
FY2021−$87K
FY2022$39K
FY2023$275K
FY2024$39K
FY2025$20K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $58K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $53K paid to officers and key staff.

Part VII, Section A · reportable compensation
Editor in Chief
$53,154Pt VII · Sec A
Exec. Dir (until 7/2025), Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Melvin Miller’s $53K as Editor in Chief is at the 85th percentile of top reported officer pay among 61 <$100K public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Claudio Martinez—$100,000$76,392$140,737$142,800$103,846
Melvin Miller$53,154$100,000$56,681———
Emy Takinami————$45,625—

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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Programs and updates

Organizes students, alumni, and families to fight student debt in impacted Massachusetts communities.

Provided by the organization

This section is blank until Zero Debt Massachusetts INC claims this page.

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2 program services account for $140K of program spending, described in the organization's own filed words · FY2023.
01

The 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.

$105Kprogram expense
02

ZDM 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, reinvestments in public higher education and a zero debt…

$35Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$220K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$44K
Ln 12
Other incomeLn 4–11$44K
Money outPt IX
$63K
Ln 25
Programscol B$58K
Owns and owesPt X
$20K
net assets · Ln 32
Total assetsLn 16$21K
LiabilitiesLn 26$1K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$44K
Total revenueLn 12$44K
Assets in detailPt X, end of year
Total assetsLn 16$21K
LiabilitiesLn 26$1K
Net assetsLn 32$20K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $44K$63K−$18K$20K 990 PDF
FY2024 $0$39K 990 PDF
FY2023 $400K$164K$236K$275K 990 PDF
FY2022 $421K$295K$127K$39K 990 PDF
FY2021 $339K$356K−$17K−$87K 990 PDF
FY2020 $244K$335K−$91K−$70K 990 PDF
FY2019 $152K$20K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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