Economic Mobility Corporation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. As of 09/2021, Economic Mobility Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Mobility Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Economic Mobility Corporation generated $375.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $606.7k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ECONOMIC MOBILITY CORPORATION (MOBILITY) IDENTIFIES, DEVELOPS AND EVALUATES PROGRAMS AND POLICIES THAT ENABLE DISADVANTAGED INDIVIDUALS TO ACQUIRE THE EDUCATION, SKILLS AND NETWORKS NEEDED TO SUCCEED IN THE LABOR MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIPS FOR SKILLS GAINS WITH FUNDING FROM THE W. K. KELLOGG FOUNDATION, MOBILITY MANAGED AN INITIATIVE, PARTNERSHIPS FOR SKILLS GAINS, TO IDENTIFY AND SUPPORT PARTNERSHIPS BETWEEN EMPLOYERS AND WORKFORCE DEVELOPMENT INTERMEDIARIES TO UPGRADE WORKERS SKILLS. THE PROJECT SOUGHT TO PROMOTE GREATER INVESTMENT IN WORKERS SKILLS. MOBILITY ADOPTED THREE PRIMARY STRATEGIES TO SUPPORT THIS INITIATIVE: (1) CREATED A SUITE OF CASE STUDIES DOCUMENTING THE PRACTICES OF INNOVATIVE PARTNERSHIPS; (2) DISSEMINATED THE THEMES AND KEY FINDINGS THAT EMERGED FROM THE CASE STUDIES AND A REVIEW OF ACADEMIC AND PROFESSIONAL LITERATURE; AND (3) GAVE BUSINESS PLANNING GRANTS TO LOCAL PARTNERSHIPS TO SPUR THEIR SPREAD AND SCALE. MOBILITY PUBLISHED AND WIDELY DISSEMINATED A BRIEF ON THE PROJECT, PARTNERSHIPS FOR SKILLS GAINS: INVESTING IN FRONTLINE WORKERS, AS WELL AS PROFILES OF 40 PARTNERSHIPS AROUND THE COUNTRY THAT EMPHASIZED GOOD JOBS, REQUIRED EMPLOYERS TO COVER SOME OR ALL OF THE COSTS OF SKILLS TRAINING, AND FEATURED RELATIONSHIPS WITH COMMUNITY COLLEGES, NONPROFITS, AND/OR WORKFORCE DEVELOPMENT BOARDS.PROJECT QUEST RCT EVALUATIONWITH A GRANT FROM ARNOLD VENTURES, MOBILITY EXTENDED ITS RANDOMIZED CONTROLLED TRIAL STUDY OF PROJECT QUEST TO EXAMINE PROGRAM IMPACTS ON EARNINGS NINE YEARS AFTER STUDY ENROLLMENT, USING STATE ADMINISTRATIVE DATA. SINCE 1992 PROJECT QUESTS MISSION HAS BEEN TO MAKE WELL-PAYING CAREERS ACCESSIBLE TO LOW-INCOME SAN ANTONIO RESIDENTS WHILE MEETING EMPLOYERS NEED FOR SKILLED WORKERS. PROJECT QUEST PROVIDES COMPREHENSIVE SUPPORT AND RESOURCES TO HELP INDIVIDUALS COMPLETE OCCUPATIONAL TRAINING PROGRAMS AT COMMUNITY COLLEGES AND OTHER TRAINING PROVIDERS, PASS CERTIFICATION EXAMS, AND OBTAIN JOBS IN STRONG SECTORS OF THE LOCAL ECONOMY. THE EVALUATION FOCUSED ON INDIVIDUALS WHO WERE PURSUING CAREERS IN HEALTH CARE. BETWEEN APRIL 2006 AND OCTOBER 2008, 410 INDIVIDUALS ENROLLED IN THE STUDY, OF WHOM 207 WERE ASSIGNED TO THE TREATMENT GROUP, WHICH COULD RECEIVE THE PROJECT QUEST SERVICES, AND 203 TO THE CONTROL GROUP, WHICH COULD NOT. MOBILITY HAS PUBLISHED TWO REPORTS ON THE NINE-YEAR FINDINGS, NINE YEAR GAINS: PROJECT QUESTS CONTINUING IMPACT AND NINE YEAR EDUCATION GAINS: PROJECT QUESTS IMPACT ON STUDENT SUCCESS. WE FOUND THAT PROJECT QUEST HAD LARGE, STATISTICALLY SIGNIFICANT IMPACTS ON EARNINGS AND POSTSECONDARY CREDENTIAL ATTAINMENT THAT GREW OVER THE NINE-YEAR FOLLOW-UP PERIOD. THE FINDINGS STRENGTHEN THE EVIDENCE BASE ON THE EFFECTIVENESS OF SECTOR-BASED TRAINING PROGRAMS AND COMPREHENSIVE STRATEGIES TO HELP ADULTS WITH LOW INCOMES TO EARN POSTSECONDARY CREDENTIALS THAT ARE VALUED IN THE LABOR MARKET.EVALUATION OF THE MA PATHWAYS TO ECONOMIC ADVANCEMENT PROJECT THE MA PATHWAYS TO ECONOMIC ADVANCEMENT PROJECT IS A COLLABORATION OF THE COMMONWEALTH OF MASSACHUSETTS, JEWISH VOCATIONAL SERVICES (JVS) BOSTON, AND SOCIAL FINANCE TO INCREASE ACCESS TO PROGRAMS THAT ASSIST ADULT ENGLISH-LANGUAGE LEARNERS IN MAKING SUCCESSFUL TRANSITIONS TO EMPLOYMENT, HIGHER WAGE JOBS, AND HIGHER EDUCATION. JVS PROVIDES LIMITED ENGLISH SPEAKERS, INCLUDING DOCUMENTED IMMIGRANTS AND REFUGEES, VOCATIONAL ENGLISH LANGUAGE CLASSES, INTEGRATED WITH JOB SEARCH ASSISTANCE AND COACHING. JVS OFFERS FOUR DISTINCT PROGRAM TRACKS TO ACCOMMODATE VARYING LANGUAGE LEVELS, EMPLOYMENT OBJECTIVES, AND EDUCATIONAL GOALS AMONG PROGRAM PARTICIPANTS. THE PROJECT USES AN INNOVATIVE PAY FOR SUCCESS FUNDING MODEL IN WHICH PRIVATE SECTOR INVESTORS PROVIDE UPFRONT CAPITAL TO SCALE PROMISING PROGRAMS, AND THE GOVERNMENT PAYS BACK THE INVESTORS ONLY IF THE PROGRAMS ACHIEVE PREDETERMINED OUTCOMES. MOBILITY IS THE PROJECTS INDEPENDENT EVALUATOR. THE EVALUATION DESIGN DIFFERS FOR EACH PROGRAM TRACK, INCLUDING TRACKING POST-PROGRAM OUTCOMES, COMPARING PRE- AND POST-PROGRAM OUTCOMES TO ASSESS CHANGE OVER TIME AND, FOR ONE TRACK, USING A RANDOMIZED CONTROLLED TRIAL (RCT) DESIGN TO ASSESS PROGRAM IMPACTS ON EARNINGS TWO YEARS AFTER STUDY ENROLLMENT. OUTCOMES ARE MEASURED USING STATE ADMINISTRATIVE DATA ON PARTICIPANTS EARNINGS AND EDUCATIONAL ATTAINMENT. IN 2020, WITH FUNDING FROM ARNOLD VENTURES, MOBILITY PUBLISHED A REPORT ON THE INTERIM FINDINGS FROM THE RCT EVALUATION OF ENGLISH FOR ADVANCEMENT (EFA). WE FOUND THAT EFA HAD A LARGE, STATISTICALLY SIGNIFICANT IMPACT ON THE EARNINGS OF ENGLISH LANGUAGE LEARNERS IN THE SECOND YEAR AFTER STUDY ENROLLMENT. WE WILL PUBLISH A FINAL REPORT ON THE FINDINGS FOR ALL FOUR PROGRAM TRACKS IN 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Elliott President | OfficerTrustee | 40 | $193,909 |
Anne Roder VP & Secretary | Officer | 40 | $150,290 |
Plinio Ayala Treasurer | OfficerTrustee | 1 | $0 |
Cynthia Shoss Chair | OfficerTrustee | 1 | $0 |
Harry Holzer Trustee | Trustee | 1 | $0 |
Russ Pomeranz Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $41,665 |
All other contributions, gifts, grants, and similar amounts not included above | $306,016 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $347,681 |
Total Program Service Revenue | $27,527 |
Investment income | $217 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $375,425 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $441,367 |
Compensation of current officers, directors, key employees. | $44,137 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $22,593 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $125,185 |
Advertising and promotion | $0 |
Office expenses | $5,185 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,907 |
All other expenses | $0 |
Total functional expenses | $606,699 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,085,145 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,611,591 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,696,736 |
Accounts payable and accrued expenses | $48,403 |
Grants payable | $0 |
Deferred revenue | $237,538 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $285,941 |
Net assets without donor restrictions | $457,102 |
Net assets with donor restrictions | $2,953,693 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $3,696,736 |
Over the last fiscal year, we have identified 1 grants that Economic Mobility Corporation has recieved totaling $125,000.
Awarding Organization | Amount |
---|---|
Robin Hood Foundation New York, NY PURPOSE: GENERAL | $125,000 |
Organization Name | Assets | Revenue |
---|---|---|
Spectrum For Living Development Inc River Vale, NJ | $24,077,337 | $43,004,591 |
Promesa Administrative Services Organization Inc Paso Bronx, NY | $9,132,615 | $12,122,937 |
Western Massachusetts Training Consortium Inc Holyoke, MA | $5,374,641 | $14,055,718 |
Menorah Campus Inc Getzville, NY | $72,752,719 | $14,560,485 |
Umh Management Services Corp Binghamton, NY | $14,199,189 | $5,834,688 |
The Family Resource Network Inc East Windsor, NJ | $3,553,178 | $5,901,883 |
Asian American Federation Inc New York, NY | $9,841,196 | $10,790,109 |
Southern Alleghenies Service Management Group Altoona, PA | $1,105,443 | $2,635,804 |
R A I N Total Care Inc Bronx, NY | $371,651 | $2,213,277 |
Choice Services International Inc Bellmawr, NJ | $1,121,130 | $2,049,635 |
New England States Consortium Systems Organization Inc Shrewsbury, MA | $4,308,374 | $1,791,868 |
Nonprofit Innovations Inc Riverdale, NY | $22,626 | $847,495 |