EIN 76-0833915

Change Machine

IRS 501(c) type
501(c)(3)
Num. employees
33
Year formed
2006
Most recent tax filings
2022-09-01
Description
To improve low income people's economic security by helping them make ends meet. To achieve economic justice for neighborhoods disenfranchised by policies and practices that hinder financial stability and growth.
Also known as...
The Financial Clinic; Financial Clinic
Total revenues
$6,213,887
2022
Total expenses
$5,493,888
2022
Total assets
$6,769,108
2022
Num. employees
33
2022

Program areas at Change Machine

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 participate in a professional social network specifically designed for the field. Built by practitioners for practitioners, Change machines financial coaching platform provides a one-stop shop for effective resources practitioners can use to address their customers underlying financial insecurity.
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 financial coaches, training and capacity building, and data-based insights to promote policy solutions and systemic Change.
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. This includes training for frontline staff to engage their customers in conversations about personal finance, as well as support for leadership to fully implement an integrated approach to financial security services within their programs and organizations.

Who funds Change Machine

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
East Bay Community Foundation (EBCF)Integrate Financial Coaching Tools Into Social Service Cbos in Our Communities$2,500,000
The Rockefeller FoundationToward the Costs of Its Tax Truths Project To Generate Widespread Public Support for A Worker-Centered Tax Code That Benefits All People$1,880,597
JP Morgan Chase FoundationIn Support of Financial Health$825,000
...and 11 more grants received

Personnel at Change Machine

NameTitleCompensation
Mae Watson GroteFounder and Chief Executive Officer$213,712
Katherine ReevesChief Business Development Ofcr$155,345
Haidee CabusoraChief Program Officer$172,147
Brianna C McKinneyDirector of Development$103,165
Daniel BaptisteDirector of Human Resources and Culture
...and 13 more key personnel

Financials for Change Machine

RevenuesFYE 09/2022
Total grants, contributions, etc.$5,733,334
Program services$480,367
Investment income and dividends$186
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,213,887

Form 990s for Change Machine

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-15990View PDF
2021-092022-08-04990View PDF
2020-092021-08-04990View PDF
2019-092020-09-15990View PDF
2018-092019-06-19990View PDF
...and 4 more Form 990s
Data update history
August 19, 2023
Received grants
Identified 9 new grant, including a grant for $2,500,000 from East Bay Community Foundation (EBCF)
August 8, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 7, 2023
Updated personnel
Identified 1 new personnel
May 8, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
Human servicesVoting rights
Characteristics
Tax deductible donations
General information
Address
254 36th St 321 Suite B
Brooklyn, NY 11232
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
change-machine.org/ 
Phone
(646) 810-4050
IRS details
EIN
76-0833915
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P50: Personal Social Services
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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