Overview
What is Change Machine?
Change Machine is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to promote financial security among low-income communities through the utilization of people-powered technology. By leveraging a cloud-based platform, they provide financial coaching practitioners with access to best practices, tools, and a professional network, all designed specifically for their field. Change Machine aims to bridge the gap between financial insecurity and success, particularly for Black and Brown women, who have historically been disadvantaged by oppressive policies. Their innovative technology reaches various social service organizations and public agencies across the nation, empowering them to work more effectively with their clients towards financial stability. By doing so, Change Machine contributes to lasting economic change that narrows the wealth gap between races and genders.
Official website here: www.change-machine.org
Is Change Machine legitimate?
Change Machine is a legitimate nonprofit organization registered as a 501(c)(3) entity. Change Machine submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $302,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,636,668
For more financial information, click here
Official website here: www.change-machine.org
What is the mission statement of Change Machine?
Change Machine's mission is centered around building financial security for low-income communities using people-powered technology. They achieve this by amplifying the impact of social service organizations and public agencies working with individuals to achieve their financial goals through a technology platform. Their partnerships foster a community of practice, and their insights contribute to lasting economic change, aiming to address the economic effects of past policies and remove barriers to financial security, ultimately shrinking the gender and racial wealth gap.
Official website here: www.change-machine.org
Who is the CEO of Change Machine?
Mae Watson Grote is the Founder And Ceo of Change Machine. The CEO's salary of Change Machine is $226,976 and their total compensation is $278,016.
Official website here: www.change-machine.org
What is the revenue of Change Machine?
Who are the executives of Change Machine and what are their salaries?
The average compensation at Change Machine during 2022 was $89,064. There are 33 employees and 9 volunteers at Change Machine.
Here are 13 key members and their salaries (Change Machine's CEO's salary is $226,976 and their total compensation is $278,016):
- Mae Watson Grote (Founder And Ceo)
- Haidee Cabusora (Chief Prog Officer)
- Katherine Reeves (Dir Of Partnership)
- Brianna C Mckinney (Dir Of Development)
- Marc Khouzami (Board Chair) [Trustee/Director]
- Andy Tuckett (Treasurer) [Trustee/Director]
- David Heafitz (F/Raising Chair) [Trustee/Director]
- Joshua Sledge (Gov. Chair) [Trustee/Director]
- Frederick Wherry (Director)
- Sarah Bainton Kahn (Director)
- Kevin Mcqueen (Director)
- Derek Dorn (Director)
- Charlyn Stanberry (Director)
Official website here: www.change-machine.org
Where can I find the form 990 for Change Machine?
The Change Machine’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.change-machine.org
Learn more at the official website: www.change-machine.org
Mission Statement of Change Machine
Change Machine, an organization dedicated to fostering an equitable economy, strives to build financial security for underprivileged communities primarily consisting of Black and Brown women. They achieve this mission through the utilization of people-powered technology. Change Machine collaborates with financial coaches and clients to strengthen its technology platform, which subsequently amplifies the impact of social service organizations and public agencies working towards helping individuals achieve their financial objectives. By establishing partnerships, Change Machine cultivates a community of practice, and its data and research contribute to lasting economic transformation. This transformation aims to dismantle the economic impacts of slavery and patriarchal policies, thereby reducing barriers to financial security and bridging the racial and gender wealth gap.
Impact
This information is meant to be a general summary of Change Machine. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Change Machine's impact can be seen through its efforts to build financial security for low-income communities by leveraging people-powered technology. By providing a revolutionary cloud-based platform, Change Machine offers practitioners the tools and resources they need to address underlying financial insecurity in their customers. This approach not only amplifies the impact of social service organizations and public agencies but also contributes to lasting economic change. Change Machine's mission to champion the aspirations of those most economically disadvantaged, particularly Black and Brown women, aligns with its vision of creating an equitable economy in which everyone thrives. Through their data-driven research and solutions, Change Machine is actively working to remove barriers to financial security and shrink the gender and racial wealth gap, ultimately paving the way for a more inclusive and prosperous society.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Software Subscription
Revenue
$480,367
Organization Details
Founding Year
2006
Phone
(646) 810-4050
Principal Officer
Mae Watson Grote
Main Address
254 36th Street Suite B 321, Brooklyn, NY, 11232
Website
www.change-machine.org
NTEE Category
Code: P50 - Human services
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