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College Money Matters Inc
Larchmont, NY · EIN 831035789 · Form 990EZ · FY2025 · NTEE B12 · Education · Micro (<$100K) · collegemoneymatters.org
revenue
$31K
expenses
$46K
net assets
$17K
employees
—
mission · from form 990

Providing information on college cost financing.

profile · synthesized from sources

College Money Matters Inc is a nonprofit organization that provides free guidance to families on financing higher education. It focuses on helping parents and students understand college costs, financial aid, scholarships, and student loans. The organization emphasizes early financial planning, informed borrowing, and strategies to graduate on time to minimize debt.

named programs · 5 · from sources

What they call their work

Financial Safety School
Encourages applicants to include at least one affordable "financial safety" school in their college application strategy.
Free College Money: Where to Find It
Offers guidance on identifying scholarships and grants from federal, state, institutional, and community sources.
Graduate in Four Years
Advocates for timely degree completion to reduce additional costs and delay in entering the workforce.
Spotting Scholarship Scams
Educates families on how to recognize and avoid fraudulent scholarship offers and services.
Student Loans 101
Provides a 90-second educational video and resources explaining the basics of student loans, including interest, repayment terms, and common misconceptions.
activities · 3 groups

What they do

  • Financial Literacy Education Programs 2 activities
    • Providing free, unbiased information on college affordability and financing
      Offers free, clear, and unbiased information to students and families about college costs, financial aid, and loan options. This includes guidance on understanding financial aid offers, allowable student loan expenses, and strategies for reducing college costs.
    • Supporting parents and guardians with college financing guidance
      Provides informational resources, educational content, and consolidated overviews tailored to parents and guardians to help them understand college financing, discuss financial contributions with their children, and navigate student loan options.
  • College Access and Success Support 1 activity
    • Producing educational materials on financial aid processes and college planning
      Creates and shares videos, interactive guides, downloadable charts, and plain-language resources explaining the FAFSA process, college application deadlines, and financial considerations for college selection. Includes tools for understanding financial aid letters and developing affordable application strategies.
  • Uncategorized 2 activities
    • Curating and sharing external resources for college affordability
      Aggregates and distributes links to external websites and tools that help students and families learn about scholarships, grants, and strategies for making college affordable, including specialized resources for minority students and families.
    • Distributing tools and resources to estimate college costs and financial aid
      Provides online calculators, estimators, and budget planners to help students project financial aid awards, student loan costs, monthly payments, and total college expenses. These tools support comparisons across colleges and long-term repayment planning.
financials · form 990EZ · fy2025
revenue
Total revenue$31K
Contributions & grants$31K100%
Program service revenue$00%
Investment income$1551%
Other revenue—
expenses
Total expenses$46K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits—
Grants paid out—
balance sheet
Total assets$18K
Cash—
Investments—
Liabilities—
Net assets$17K
4 years on record · 2021–2025 · YoY revenue -51.1%
leadership · form 990 part vii · fy2025

Who runs it

board members · 2
  • Hilda Ramirez — Director
  • Nancy Goodman — Director
relationships · 18

Who they work with

  • 529 Plan Government — References state-sponsored 529 plans as tax-advantaged savings vehicles for college expenses.
  • College Board Partner — Linked as a resource for college planning and financial aid tools.
  • Fastweb Partner — Linked as a scholarship search resource.
  • Federal Student Aid Government — Linked as a key source for financial aid information and tools.
  • FinAid Partner — Linked as a comprehensive resource for financial aid information.
  • Foley Hoag Partner — Provided guidance, funding, or support for College Money Matters
  • Grants.gov Partner — Linked as a resource for federal grant information.
  • Helpful Sites Partner — Curates and shares resources from external websites to support college decision-making.
  • Loeb and Loeb Partner — Provided guidance, funding, or support for College Money Matters
  • MOCA Foundation Funder — Provided funding support for College Money Matters
  • Minority student support organizations Partner — Curates and links to external sites that support minority students in college admissions.
  • Nancy Goodman Partner — Founder and executive director of College Money Matters, providing leadership and public commentary on student loan preparedness.
  • O'Melveny and Myers Partner — Provided guidance, funding, or support for College Money Matters
  • Pro Bono Partnership Partner — Provided pro bono legal or professional services to support College Money Matters
  • Sallie Mae Partner — Linked as a resource for student loan information.
  • The Guidance Center of Westchester Partner — Provided guidance, funding, or support for College Money Matters
  • U.S. Department of Education Government — Relies on and explains FAFSA, a federal financial aid application administered by the U.S. Department of Education.
  • uAspire Partner — Collaborates on financial aid education, as referenced by a report on financial aid packages.
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Financial Literacy Through Plain Language and Education
    methodology: financial_literacy_education
    By providing free, unbiased financial information in plain language and through targeted educational content, we improve financial literacy and empower students and families to make informed decisions about college affordability and borrowing, because understanding complex financial concepts reduces the risk of overborrowing and poor college choices.
  • Interactive Tools to Build Financial Planning Capacity
    methodology: interactive_financial_planning
    By employing interactive tools such as budget planners and videos, we help students visualize and plan for college costs because experiential engagement with financial scenarios improves comprehension and retention, leading to more realistic planning and reduced overborrowing.
  • Nonprofit Over For-Profit College Guidance
    methodology: institutional_type_guidance
    By guiding students to distinguish between nonprofit and for-profit colleges, we help them avoid predatory institutions and reduce long-term financial harm because for-profit colleges often carry higher debt burdens and lower return on investment, making nonprofit alternatives a more financially sustainable choice.
  • Peer Storytelling to Enhance Relatability and Engagement
    methodology: peer_storytelling
    By using real student stories to illustrate financial challenges and decision-making in college planning, we increase engagement and understanding because relatable narratives foster empathy and make abstract financial concepts more concrete and actionable for other students and families.
  • Responsible Borrowing and Affordability-First Decision Making
    methodology: responsible_borrowing_model
    By advising students to prioritize affordability in college selection and borrowing—such as choosing financially accessible "safety" schools, limiting loan repayment to 10% of income, and avoiding private loan overreliance—we reduce excessive debt and financial risk because aligning college choices with realistic financial capacity leads to sustainable outcomes and long-term financial health.