Nonprofit · EIN 87-4582545
PROJECT ON PREDATORY STUDENT LENDING INC
Tax-exempt · JAMAICA PLAIN, MA 02130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,929,576 | $2,578,698 | $3,350,878 | $5,020,146 | $91,634 | $4,928,512 |
| December 31, 2023 | 990 | $2,187,729 | $1,921,151 | $266,578 | $1,766,232 | $159,884 | $1,606,348 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,319,882
- Program service revenue
- $3,443,223
- Investment income
- $165,864
- Other revenue
- $607
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,548,114
- Salaries, compensation and benefits (total)
- $1,935,360
- Professional fundraising fees
- $0
- Occupancy
- $43,696
- Travel
- $70,753
- Program services (functional)
- $2,073,238
- Management and general (functional)
- $440,745
- Fundraising (functional)
- $64,715
Balance sheet and other
- Total assets, start of year
- $1,766,232
- Total assets, end of year
- $5,020,146
- Total liabilities, end of year
- $91,634
- Net assets, end of year
- $4,928,512
- Net assets without donor restrictions
- $4,873,513
- Net assets with donor restrictions
- $54,999
- Gross receipts
- $5,929,576
- Employees
- 14
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EILEEN CONNOR | PRESIDENT Officer | 40 | $225,000 |
| YVETTE COLON | MEMBER Trustee or director | 2 | $0 |
| PERSIS YU | MEMBER Trustee or director | 2 | $0 |
| OLIVER ROTHSCHILD | MEMBER Trustee or director | 2 | $0 |
| MIKE FIRESTONE | BOARD CHAIR Officer | 2 | $0 |
| JENNIFER BENNETT | TREASURER Officer | 2 | $0 |
| MARGARET O'GRADY | CLERK Officer | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EILEEN CONNOR | PRESIDENT Officer | 40 | $181,187 |
| YVETTE COLON | MEMBER Trustee or director | 2 | $0 |
| PERSIS YU | MEMBER Trustee or director | 2 | $0 |
| MIKE FIRESTONE | BOARD CHAIR Officer | 2 | $0 |
| JENNIFER BENNETT | TREASURER Officer | 2 | $0 |
| MARGARET O'GRADY | CLERK Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 769 CENTRE STREET SUITE 166, JAMAICA PLAIN, MA 02130-2557
- In care of
- % EILEEN M CONNOR
- Principal officer (990 for 2024)
- EILEEN CONNOR, 769 CENTRE STREET 166, JAMAICA PLAIN, MA 02130
- Signed the 990
- EILEEN CONNOR, PRESIDENT
- Phone
- (617) 390-2669
- Website
- WWW.PPSL.ORG
- Return prepared by
- JAMES A GEORGE PC
Mission
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.
Program accomplishments
- 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.Expenses $2,073,238 · revenue $3,443,223
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-4582545
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R99)
- Assets (IRS master file)
- $5,020,146
- Income (IRS master file)
- $5,929,576
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,929,576 | $2,578,698 | $5,020,146 | XML |
| 990 | December 2023 | $2,187,729 | $1,921,151 | $1,766,232 | XML |
| 990 | December 2022 | $2,131,137 | $791,368 | $1,399,250 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-4582545).
Questions about PROJECT ON PREDATORY STUDENT LENDING INC
- What is the EIN of PROJECT ON PREDATORY STUDENT LENDING INC?
- The employer identification number (EIN) of PROJECT ON PREDATORY STUDENT LENDING INC is 87-4582545.
- Is PROJECT ON PREDATORY STUDENT LENDING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PROJECT ON PREDATORY STUDENT LENDING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT ON PREDATORY STUDENT LENDING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROJECT ON PREDATORY STUDENT LENDING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROJECT ON PREDATORY STUDENT LENDING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROJECT ON PREDATORY STUDENT LENDING INC?
- The 990 for the year ended December 31, 2024 names EILEEN CONNOR.
- Who are the officers and directors of PROJECT ON PREDATORY STUDENT LENDING INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $225,000 (EILEEN CONNOR, PRESIDENT).
- How much revenue does PROJECT ON PREDATORY STUDENT LENDING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,929,576, expenses of $2,578,698 and total assets of $5,020,146 at year end.
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All nonprofits in JAMAICA PLAIN · Massachusetts · Civil rights, social action and advocacy