2025-08-25T13:02:34-05:00 2024-12-31 203968236 JAMES A GEORGE PC 77 MAIN STREET ANDOVER MA 01810 990 2024-01-01 874582545 PROJECT ON PREDATORY STUDENT LENDING PROJ 6173902669 769 CENTRE STREET 166 JAMAICA PLAIN MA 02130 EILEEN CONNOR PRESIDENT 6173902669 2025-08-13 1 1 P00659906 7812458200 2024 2025-03-06 01:10:19Z EILEEN CONNOR 769 CENTRE STREET 166 JAMAICA PLAIN MA 02130 5929576 0 X WWW.PPSL.ORG X 2022 MA THE PROJECT ON PREDATORY STUDENT LENDING MISSION IS TO USE LITIGATION AND ADVOCACY TO ELIMINATE PREDATORY PRACTICES IN HIGHER EDUCATION, AND TO RELIEVE CURRENT AND FUTURE BORROWERS FROM FRAUDULENT STUDENT LOAN DEBT. 7 6 14 0 0 0 1456285 2319882 708045 3443223 23399 165864 0 607 2187729 5929576 0 0 0 0 1432089 1935360 0 0 64715 489062 643338 1921151 2578698 266578 3350878 1766232 5020146 159884 91634 1606348 4928512 X PPSL'S MISSION IS TO USE LITIGATION AND ADVOCACY TO ELIMINATE PREDATORY PRACTICES IN HIGHER EDUCATION, AND TO RELIEVE CURRENT AND FUTURE BORROWERS FROM FRAUDULENT STUDENT LOAN DEBT. 0 0 2073238 3443223 THE PROJECT ON PREDATORY STUDENT LENDING (PPSL) IS THE LEADING LEGAL NON-PROFIT ORGANIZATION REPRESENTING STUDENTS AGAINST PREDATORY COLLEGES AND LENDERS. PPSL'S UNIQUE MODEL OF IMPACT LITIGATION AND ADVOCACY DELIVERS RESULTS FOR DEFRAUDED STUDENTS AND DEMANDS SIGNIFICANT ACCOUNTABILITY AND BETTER OUTCOMES FOR STUDENT BORROWERS IN THE HIGHER EDUCATION SYSTEM.PPSL'S LANDMARK LEGAL VICTORIES ON BEHALF OF MORE THAN TWO MILLION STUDENT BORROWERS ACROSS THE NATION HAVE EXPOSED PREDATORY PRACTICES, HELD THE DEPARTMENT OF EDUCATION AND OTHER INSTITUTIONS ACCOUNTABLE TO THE LAW, AND INFLUENCED THE DIRECTION OF HIGHER EDUCATION POLICY.PPSL'S TRACK RECORD DEMONSTRATES THE IMPORTANCE OF BOLD, STRATEGIC LITIGATION AS AN INTERVENTION IN THE HIGHER EDUCATION SPACE. PPSL ENSURES THAT BORROWERS WILL BE SET FREE FROM FRAUDULENT STUDENT LOAN DEBT. OUR CASES ARE DESIGNED TO ESTABLISH LANDSCAPE-CHANGING PRECEDENT, WIN MEANINGFUL DEBT CANCELLATION, AND ORGANIZE BORROWERS AS IMPORTANT STAKEHOLDERS IN POLICY DEBATES ABOUT HIGHER EDUCATION. PPSL HOLDS THE GOVERNMENT ACCOUNTABLE FOR FAILED OVERSIGHT OF THE FEDERAL STUDENT LOAN PROGRAM. AS BORROWERS SUCCEED IN ENFORCING THEIR RIGHTS UNDER BORROWER DEFENSE, OUR LITIGATION WILL CONTINUE TO FOCUS ON HOLDING THE DEPARTMENT OF EDUCATION ACCOUNTABLE FOR GREEN LIGHTING SCHOOLS, PROGRAMS, AND PRACTICES THAT SHIFT AN UNACCEPTABLE AMOUNT OF RISK ONTO STUDENTS AND THEIR FAMILIES, AND TAXPAYERS AT LARGE. PPSL EXPOSES THE CORRUPTION AND FRAUD THAT IS RUNNING UP THE COST OF EDUCATION IN EVERY SECTOR. PPSL AIMS TO INCREASE THE PUBLIC'S UNDERSTANDING THAT PREDATORY BEHAVIORS IN EDUCATION ARE DRIVING UP THE COSTS OF EDUCATION AND THEY EXIST EVERYWHERE FROM FOR-PROFIT NURSING PROGRAMS TO ONLINE MASTER'S DEGREES AT BRAND NAME COLLEGES. PPSL PROMOTES ECONOMIC JUSTICE AND RACIAL EQUITY. STUDENT LOAN DEBT AND PREDATORY HIGHER EDUCATION PRACTICES DISPROPORTIONATELY AFFECT BLACK BORROWERS, PARTICULARLY BLACK WOMEN. PPSL IS COMMITTED TO BRINGING OUR MOST EFFECTIVE TOOLS TO BEAR IN ORDER TO END PREDATORY INCLUSION IN HIGHER EDUCATION. 2073238 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 14 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 0 1 0 MA X X THE ORGANIZATION 6173902669 769 CENTRE STREET 166 JAMAICA PLAIN MA 02130 YVETTE COLON MEMBER 2.00 X 0 0 0 PERSIS YU MEMBER 2.00 X 0 0 0 OLIVER ROTHSCHILD MEMBER 2.00 X 0 0 0 EILEEN CONNOR PRESIDENT 40.00 X 225000 0 0 MIKE FIRESTONE BOARD CHAIR 2.00 X 0 0 0 JENNIFER BENNETT TREASURER 2.00 X 0 0 0 MARGARET O'GRADY CLERK 2.00 X 0 0 0 225000 0 0 6 0 1 0 0 2319882 2319882 SETTLEMENT FEES 541100 3443223 3443223 3443223 165864 165864 OTHER INCOME 900099 607 607 607 5929576 3443830 0 165864 1548114 1364180 143703 40231 270966 217181 46788 6997 116280 98954 14667 2659 232656 49832 180192 2632 90000 90000 9584 2380 7204 43696 36662 5725 1309 70753 50063 17407 3283 24489 21296 2942 251 LITIGATION EXPENSES 79252 78198 900 154 DUES AND SUBSCRIPTIONS 36514 29396 1887 5231 PROFESSIONAL DEVELOPMEN 18757 18143 525 89 SOFTWARE 15028 9113 4278 1637 22609 7840 14527 242 2578698 2073238 440745 64715 696530 635630 654238 3814682 320000 508995 16064 22000 79400 38839 1766232 5020146 80528 51397 79356 40237 159884 91634 X 1436348 4873513 170000 54999 1606348 4928512 1766232 5020146 3350878 -28714 0 X 0 1 X 1 0 X 2131137 1456285 2319882 5907304 2131137 1456285 2319882 5907304 5907304 23399 165864 189263 607 607 6097174 4151268 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 10000 10000 0 0 0 PART II-B, LINE 1: DISCUSSIONS INVOLVING THE PARENT PLUS PARITY ACT. 0 LEASE LIABILITY 40237 40237 X 5900862 -28714 -28714 5929576 0 5929576 2578698 0 2578698 0 2578698 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, 2024. 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. X X 0 0 0 0 0 0 0 0 0 EILEEN CONNOR PRESIDENT 225000 0 0 0 0 0 0 0 0 0 225000 0 0 0 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.