NonprofitsChange Machine

Human Services

Change Machine

BROOKLYN, NY

Total revenue

$2.7M

Total expenses

$3.3M

Net assets

$2.0M

Grants received

$8.8M

32 grants

EIN

760833915

Tax year

2023

Mission

Change Machine's vision is an equitable economy in which we all thrive. Change Machine builds financial security through people-powered technology. We champion the aspirations of those who are most economically disadvantaged by oppressive public policies and practices namely Black and Brown women who navigate financial insecurity. Their success means success for all. Grounded in the expertise and solutions of financial coaches and customers, our technology reaches social service organizations and public agencies nationwide, transforming how they work with people to achieve their financial goals. Our data and research shape lasting change that addresses the economic effects of slavery and patriarchal policies removes barriers to financial security and shrinks the gender and racial wealth gap.

Programs

2 programs

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.

Expenses: $726K

Research & policy - change machine develops and advocates for policy reforms and systemic changes that will remove obstacles to financial security. Change machine builds coalitions and partners with advocacy groups, researchers, think tanks, practitioners, and local, state, and federal policymakers to guide and support its policy agenda. Its in-house research and policy team surfaces insights using customer data captured on the change machine platform. Change machine uses its data and research to leverage lessons learned on the ground to create impact far beyond an initial program - informing best practices, the field, and public policy.

Expenses: $455K

Financials

FY 2023

Revenue

Contributions & grants$2.0M
Program service revenue$584K
Investment income$10K
Other revenue$37K
Total revenue$2.7M

Expenses

Grants paid
Salaries & benefits$1.5M
Fundraising$343K
Other expenses$1.7M
Total expenses$3.3M
Total assets$2.7M
Net assets$2.0M

People

11 listed

NameRoleCompensation

Mae Watson Grote

CEO

Board

$246K

40 hrs/wk

Jasmine Colquitt

Director

Board

2 hrs/wk

Jason Wallace

Director

Board

2 hrs/wk

Kevin McQueen

Board Chair

Board

2 hrs/wk

Andy Tuckett

Treasurer

Board

2 hrs/wk

Rhonda Mower

Director

Board

2 hrs/wk

Ross Hamilton

Director

Board

2 hrs/wk

David Bautista

Chief Prod & Tech

Staff

$156K

40 hrs/wk

Tamika Johnson

Chief Engmt/Adopti

Staff

$155K

40 hrs/wk

Kattherine Reeves

Chief Strategy Off

Staff

$142K

40 hrs/wk

Martinez PaniaguaJesus

Engineering Lead

Staff

$115K

40 hrs/wk

Independent contractors

Andela

Engineering/Prod. Devel.

$248K

YPTC

Accounting

$241K

Beacon Hill Staffing Group LLC

O/sourced clerical, mngmt

$113K

Grants received

Showing 32 of 32

FromAmountPurposeYear
$250K
ECONOMIC OPPORTUNITY - NATIONAL
2024
$105K
FOR PROGRAM SUPPORT.
2024
$5K
GENERAL CHARITABLE SUPPORT
2024
$900K
BUILDING FINANCIAL SECURITY FOR HEALTHIER COMMUNITIES: CONTINUING THE CHANGE MACHINE + KAISER PERMANENTE FINANCIAL HEALTH INITIATIVE
2023
$751K
IN SUPPORT OF FINANCIAL HEALTH
2023
$375K
PLANNING
2023
$75K
ECONOMIC OPPORTUNITY - NATIONAL
2023
$500K
CHANGE MACHINE: CAPACITY BUILDING AND PLATFORM SUSTAINABILITY
2022
$375K
PLANNING
2022
$250K
For grant recipient's exempt purposes
2022
$150K
BUILDING LMI ON-RAMPS TO THE DIGITAL ECONOMY
2022
$103K
SUPPORT EFFORTS TO CONTINUE STUDENT LOAN COACHING AND IDENTIFY STATE AND INSTITUTIONAL-LEVEL SOLUTIONS TO STUDENT LOAN DEBT IN NORTH CAROLINA
2022
$25K
Change Machine - Zendesk Impact Award winner
2022
$4K
GENERAL OPERATING SUPPORT
2022
$2.5M
INTEGRATE FINANCIAL COACHING TOOLS INTO SOCIAL SERVICE CBOS IN OUR COMMUNITIES
2021
$825K
IN SUPPORT OF FINANCIAL HEALTH
2021
$500K
CHANGE MACHINE: THE CATALYST FOR FINANCIAL SECURITY
2021
$200K
BUILDING LMI ON-RAMPS TO THE DIGITAL ECONOMY
2020
$83K
BUILDING A COMMUNITY OF PRACTICE ACROSS KAISER PERMANENTE'S COMMUNITY HEALTH NETWORK
2020
$50K
BUILDING LMI ON-RAMPS TO THE DIGITAL ECONOMY
2020
$50K
TO HELP BRING THE BENEFITS OF FINANCIAL TECHNOLOGY (FINTECH) SOLUTIONS TO ITS CLIENTS.
2020
$90K
GENERAL SUPPORT
2017
$14K
PROGRAM INVESTMENT
2017
$8K
SOCIAL SERVICES/SOCIAL BENEFITS
2017

Funded by

$8.8M from 18 funders · 32 grants · 2017–2024

East Bay Community Foundation

$3.5M · 3 grants · 2020–2023

Jpmorgan Chase Foundation

$1.6M · 3 grants · 2021–2023

The Prudential Foundation

$1M · 2 grants · 2021–2022

Fidelity Foundation

$750K · 2 grants · 2022–2023

Td Charitable Foundation

$400K · 3 grants · 2020–2022

Target Foundation

$325K · 2 grants · 2023–2024

Rockefeller Philanthropy Advisors Inc

$220K · 4 grants · 2018–2024

Details

EIN760833915
NTEE codeP50
Subsection03
Ruling date2007-11
Formed2006
Employees27
Volunteers6
CHANGE MACHINE — Mission, Financials & Grants Received | Grantivo