ECONOMIC MOBILITY CORPORATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
ECONOMIC MOBILITY CORPORATION (EIN 20-8720134)
Tax period
2022-10-01 to 2023-09-30
Filed
2024-08-12
IRS object ID
202402259349302300
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-08-12T14:53:23-05:00ReturnTs
Tax Period End2023-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN812950760PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SAX LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11040 AVENUE OF THE AMERICAS 16THAddressLine1Txt
Address Line2FLOORAddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208720134EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ECONOMIC MOBILITY CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlECONBusinessNameControlTxt
Phone6462438852PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1233 WEST 99TH STREET 7BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10025ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK ELLIOTTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6462438852PhoneNum
Signature2024-08-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMIKE SCHALLPreparerPersonNm
PTINP02024184PTIN
Phone2122682804PhoneNum
Preparation2024-08-12PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK ELLIOTTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1233 WEST 99TH STREET 7BAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10025ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,895,977GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ECONOMICMOBILITYCORP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2007FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE 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.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$228,648PYContributionsGrantsAmt
CY Contributions Grants$1,737,937CYContributionsGrantsAmt
PY Program Service Revenue$169,398PYProgramServiceRevenueAmt
CY Program Service Revenue$118,141CYProgramServiceRevenueAmt
PY Investment Income$4,959PYInvestmentIncomeAmt
CY Investment Income$39,899CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$403,005PYTotalRevenueAmt
CY Total Revenue$1,895,977CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$463,696PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$490,715CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$25,179CYTotalFundraisingExpenseAmt
PY Other Expenses$66,919PYOtherExpensesAmt
CY Other Expenses$182,320CYOtherExpensesAmt
PY Total Expenses$530,615PYTotalExpensesAmt
CY Total Expenses$673,035CYTotalExpensesAmt
PY Revenues Less Expenses-$127,610PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,222,942CYRevenuesLessExpensesAmt
Total Assets BOY$3,396,232TotalAssetsBOYAmt
Total Assets EOY$3,708,447TotalAssetsEOYAmt
Total Liabilities BOY$113,047TotalLiabilitiesBOYAmt
Total Liabilities EOY$126,569TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,283,185NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,581,878NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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 SO THAT THEY CAN SUPPORT THEMSELVES AND THEIR FAMILIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$572,616ExpenseAmt
Revenue$118,141RevenueAmt
DescPLEASE SEE STATEMENT OF PROGRAM SERVICES ON SCHEDULE OEVALUATION OF APPRENTI:LAUNCHED IN 2015, APPRENTI SEEKS TO CREATE NEW PATHWAYS TO MID-LEVEL TECH CAREERS FOR WORKERS FROM NONTRADITIONAL BACKGROUNDS, INCLUDING WOMEN, PEOPLE OF COLOR, VETERANS, AND PEOPLE WITH DISABILITIES. THROUGH APPRENTI'S REGISTERED TECHNOLOGY APPRENTICESHIP PROGRAM, APPRENTICES RECEIVE THREE TO FIVE MONTHS OF OCCUPATIONAL SKILLS TRAINING ENDING IN AN INDUSTRY-RECOGNIZED CREDENTIAL, FOLLOWED BY A YEAR OF ON-THE-JOB TRAINING WITH AN EMPLOYER. APPRENTI WORKS WITH EMPLOYERS TO DEVELOP APPRENTICESHIP OPPORTUNITIES, THEN RECRUITS AND SCREENS CANDIDATES FOR THESE OPPORTUNITIES AND HELPS CANDIDATES PREPARE FOR EMPLOYER INTERVIEWS. ONCE SELECTED BY AN EMPLOYER, APPRENTI ORIENTS THE APPRENTICES, ENROLLS THEM IN TECHNICAL TRAINING ALIGNED TO THE EMPLOYERS' NEEDS, TRAINS THE MANAGERS WHO OVERSEE APPRENTICES AT THE WORKSITES, AND COMPLETES ALL REPORTING AND COMPLIANCE ACTIVITIES. WITH A GRANT FROM ARNOLD VENTURES, MOBILITY IS CONDUCTING A RANDOMIZED CONTROLLED TRIAL EVALUATION TO ASSESS PROGRAM IMPACTS DURING THE THREE YEARS AFTER STUDY ENROLLMENT. THE STUDY'S PRIMARY OUTCOME IS EARNINGS; SECONDARY OUTCOMES INCLUDE EMPLOYMENT, POSTSECONDARY CREDENTIAL ATTAINMENT, AND OTHER INDICATORS OF FINANCIAL WELL-BEING. THE PRIMARY SOURCE OF DATA ON OUTCOMES WILL BE A FOLLOW-UP SURVEY, SUPPLEMENTED BY ADMINISTRATIVE EARNINGS DATA WHERE AVAILABLE. STUDY ENROLLMENT BEGAN IN 2023 AND WILL CONTINUE INTO 2026. MOBILITY WILL PUBLISH A REPORT ON THE STUDY'S FINDINGS REGARDING PROGRAM IMPACTS, THE APPRENTI MODEL, AND ITS COSTS. THE EVALUATION OF APPRENTI WILL CONTRIBUTE TO THE EVIDENCE BASE ON THE EFFECTIVENESS OF SECTOR-BASED TRAINING AND APPRENTICESHIP IN INCREASING DISADVANTAGED WORKERS' ACCESS TO WELL-PAYING CAREERS.EVALUATION OF THE REPLICATION OF PER SCHOLAS:PER SCHOLAS WAS FOUNDED IN 1995 IN NEW YORK CITY'S SOUTH BRONX WITH A MISSION TO HELP LOW-INCOME INDIVIDUALS ACCESS WELL-PAYING CAREERS IN THE TECHNOLOGY FIELD. PER SCHOLAS' IT SUPPORT PROGRAM PROVIDES 15 WEEKS OF OCCUPATIONAL SKILLS TRAINING IN PREPARATION FOR PASSING THE COMPTIA A+ CERTIFICATION EXAM AS WELL AS PROFESSIONAL DEVELOPMENT TRAINING, JOB PLACEMENT ASSISTANCE, AND TWO YEARS OF JOB RETENTION AND ADVANCEMENT SUPPORT. TWO RIGOROUS STUDIES OF PER SCHOLAS' PROGRAM IN THE SOUTH BRONX DEMONSTRATED THAT IT HAD LARGE, STATISTICALLY SIGNIFICANT IMPACTS ON PARTICIPANTS' EARNINGS. WITH GRANTS FROM ARNOLD VENTURES AND ASCENDIUM EDUCATION GROUP, MOBILITY IS CONDUCTING A RANDOMIZED CONTROLLED TRIAL EVALUATION TO ASSESS WHETHER THE EARNINGS IMPACTS FOUND IN THE EARLIER STUDIES CAN BE REPLICATED BEYOND THE BRONX IN PER SCHOLAS' NATIONAL CAPITAL REGION (NCR) AND COLUMBUS, OHIO LOCATIONS. STUDY ENROLLMENT BEGAN IN 2021 AND WILL CONTINUE THROUGH 2024. THE STUDY'S PRIMARY OUTCOME IS ANNUAL EARNINGS IN THE THIRD YEAR AFTER STUDY ENROLLMENT. THE STUDY WILL RELY ON STATE ADMINISTRATIVE DATA ON EARNINGS AND A FOLLOW-UP SURVEY, CONDUCTED THREE YEARS AFTER STUDY ENROLLMENT, THAT WILL PROVIDE A GREATER UNDERSTANDING OF HOW PER SCHOLAS AFFECTS PARTICIPANTS' EMPLOYMENT, TRAINING RECEIPT, ATTAINMENT OF INDUSTRY CREDENTIALS, AND FINANCIAL WELL-BEING. WE WILL PUBLISH MULTIPLE REPORTS ON THE STUDY'S FINDINGS REGARDING PROGRAM IMPACTS, THE PER SCHOLAS MODEL, VARIATIONS IN IMPLEMENTATION ACROSS THE SITES, AND PROGRAM COSTS. REPORTS WILL INCLUDE THE IMPLICATIONS OF THE FINDINGS FOR POLICY AND PROGRAMMING IN THE WORKFORCE DEVELOPMENT FIELD.EVALUATION OF THE REPLICATION OF ASAP AT TWO WEST VIRGINIA COMMUNITY COLLEGES:ACCELERATED STUDY IN ASSOCIATE PROGRAMS (ASAP) PROVIDES COMPREHENSIVE ACADEMIC, PERSONAL, AND FINANCIAL SUPPORTS TO HELP STUDENTS EARN A POSTSECONDARY DEGREE OR CREDENTIAL WITHIN THREE YEARS. PRIOR EVALUATIONS OF CUNY ASAP AND ITS REPLICATION IN OHIO HAVE FOUND THAT THE PROGRAM HAD LARGE IMPACTS ON POSTSECONDARY GRADUATION RATES. THE WEST VIRGINIA ADAPTATION OF THE PROGRAM, ASCEND, TARGETS STUDENTS IN OCCUPATIONAL PROGRAMS THAT ARE ALIGNED WITH HIGHER-WAGE JOBS IN THE LOCAL ECONOMY, INCLUDING BOTH ASSOCIATE DEGREE AND CERTIFICATE PROGRAMS. WITH A GRANT FROM ARNOLD VENTURES, MOBILITY IS CONDUCTING A RANDOMIZED CONTROLLED TRIAL EVALUATION OF ASCEND TO ASSESS WHETHER THE LARGE IMPACTS FOUND IN EARLIER STUDIES CAN BE REPRODUCED. STUDY ENROLLMENT BEGAN IN 2021 AND WILL CONTINUE THROUGH EARLY 2024 AT THE TWO PARTICIPATING COLLEGES, BLUE RIDGE COMMUNITY AND TECHNICAL COLLEGE AND WEST VIRGINIA UNIVERSITY AT PARKERSBURG. THE STUDY'S PRIMARY OUTCOME IS DEGREE OR CREDENTIAL COMPLETION THREE YEARS AFTER STUDY ENROLLMENT, MEASURED WITH DATA FROM THE PARTICIPATING COLLEGES AND THE NATIONAL STUDENT CLEARINGHOUSE. THE STUDY WILL ALSO ASSESS THE PROGRAM'S COST EFFECTIVENESS. WE WILL PUBLISH AN INTERIM REPORT ON THE FINDINGS TWO YEARS AFTER STUDY ENROLLMENT AND A FINAL REPORT ON PROGRAM IMPACTS THREE YEARS AFTER STUDY ENROLLMENT. STRATEGIES FOR PROMOTING YOUNG ADULTS' ECONOMIC SUCCESS:MOBILITY IS ADVISING THE BALLMER GROUP ON DEVELOPING A STRATEGY TO PROMOTE THE ECONOMIC SUCCESS OF YOUNG ADULTS, PARTICULARLY THOSE WHO ARE DISCONNECTED FROM SCHOOL OR WORK. WE HAVE CONDUCTED INTERVIEWS WITH KEY STAKEHOLDERS AND RESEARCHED BOTH PROVEN AND PROMISING STRATEGIES. WE COMPLETED AN ANALYSIS OF THE PROSPECTS FOR YOUNG PEOPLE IN DETROIT AND IDENTIFIED SOME OF THE KEY CHALLENGES THEY FACE. WE DEVELOPED A SET OF RECOMMENDATIONS THAT, TOGETHER, COULD MOVE THE NEEDLE ON THE NUMBER OF YOUNG PEOPLE GRADUATING FROM HIGH SCHOOL, ENROLLING IN AND COMPLETING POSTSECONDARY EDUCATION AND TRAINING, AND MOVING INTO WELL-PAYING CAREERS.Desc
Total Program Service Expenses$572,616TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARK ELLIOTTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6462438852PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1233 WEST 99TH STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10025ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MARK ELLIOTT
PRESIDENT40.00Yes (X)Yes (X)$192,981$0$36,307
PLINIO AYALA
TREASURER1.00Yes (X)Yes (X)$0$0$0
CYNTHIA SHOSS
CHAIR1.00Yes (X)Yes (X)$0$0$0
MARY PENA
TRUSTEE1.00Yes (X)$0$0$0
PAUL OSTERMAN
TRUSTEE1.00Yes (X)$0$0$0
ANNE RODER
VP & SECRETARY40.00Yes (X)$152,562$0$44,721
FieldValueIRS element (for citing)
Total Reportable Comp From Org$345,543TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$81,028TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,737,937AllOtherContributionsAmt
Total Contributions$1,737,937TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescCONTRACT REVENUEDesc
Business900099BusinessCd
Total Revenue Column$118,141TotalRevenueColumnAmt
Related Or Exempt Func Income$118,141RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$118,141TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,899TotalRevenueColumnAmt
Exclusion$39,899ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,895,977TotalRevenueColumnAmt
Related Or Exempt Func Income$118,141RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$39,899ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$465,123TotalAmt
Program Services$395,354ProgramServicesAmt
Management And General$46,513ManagementAndGeneralAmt
Fundraising$23,256FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$25,592TotalAmt
Program Services$21,753ProgramServicesAmt
Management And General$2,559ManagementAndGeneralAmt
Fundraising$1,280FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,650TotalAmt
Management And General$17,650ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$148,460TotalAmt
Program Services$141,410ProgramServicesAmt
Management And General$7,050ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,418TotalAmt
Program Services$2,056ProgramServicesAmt
Management And General$242ManagementAndGeneralAmt
Fundraising$120FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,886TotalAmt
Program Services$5,003ProgramServicesAmt
Management And General$589ManagementAndGeneralAmt
Fundraising$294FundraisingAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescOTHER EXPENSESDesc
Total$7,906TotalAmt
Program Services$7,040ProgramServicesAmt
Management And General$637ManagementAndGeneralAmt
Fundraising$229FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$673,035TotalAmt
Program Services$572,616ProgramServicesAmt
Management And General$75,240ManagementAndGeneralAmt
Fundraising$25,179FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$954,218BOYAmt
EOY$822,617EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$222,948EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,442,014BOYAmt
EOY$2,662,882EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,396,232BOYAmt
EOY$3,708,447EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$69,906BOYAmt
EOY$126,569EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$43,141BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$113,047BOYAmt
EOY$126,569EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$457,102BOYAmt
EOY$457,102EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,826,083BOYAmt
EOY$3,124,776EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,283,185BOYAmt
EOY$3,581,878EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,396,232BOYAmt
EOY$3,708,447EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,222,942ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$924,249OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$163,030CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,437,254CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$347,681CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$228,648CurrentTaxYearMinus1YearAmt
Current Tax Year$1,737,937CurrentTaxYearAmt
Total$4,914,550TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$163,030CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,437,254CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$347,681CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$228,648CurrentTaxYearMinus1YearAmt
Current Tax Year$1,737,937CurrentTaxYearAmt
Total$4,914,550TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,143,266SubstantialContributorsTotAmt
Public Support Total170$771,284PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,392CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,346CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$217CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,959CurrentTaxYearMinus1YearAmt
Current Tax Year$39,899CurrentTaxYearAmt
Total$69,813TotalAmt
FieldValueIRS element (for citing)
Total Support$4,984,363TotalSupportAmt
Gross Receipts Rltd Activities$528,973GrossReceiptsRltdActivitiesAmt
Public Support CY1700.15470PublicSupportCY170Pct
Public Support PY1700.12110PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestTHE FOLLOWING FACTS AND CIRCUMSTANCES APPLY IN SUPPORT OF ECONOMIC MOBILITY CORPORATIONS'S PUBLIC CHARITY STATUS:1. ALTHOUGH THE SUPPORT PERCENTAGE FELL BELOW 33.33%, IT IS STILL IN EXCESS OF THE 10% THRESHOLD.2. THE ORGANIZATION'S SUPPORT THAT WAS PRIMARILY PUBLIC IN NATURE CAME FROM SOLICITATIONS OF DONATIONS FROM PUBLIC CHARITIES, PRIVATE FOUNDATIONS, FOUNDATIONS AND CORPORATIONS. THE ORGANIZATION IS WORKING ACTIVELY TO BROADEN ITS BASE OF SUPPORT BY STRENGTHENING ITS DEVELOPMENT ACTIVITIES.3. IN ACCORDANCE WITH ITS MISSION, THE ORGANIZATION 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 SO THAT THEY CAN SUPPORT THEMSELVES AND THEIR FAMILIES.FactsAndCircumstancesTestTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$971,728TotalRevEtcAuditedFinclStmtAmt
Other Revenue-$924,249OtherRevenueAmt
Revenue Not Reported-$924,249RevenueNotReportedAmt
Revenue Subtotal$1,895,977RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,895,977TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$673,035TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$673,035ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$673,035TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:EMC DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING SEPTEMBER 30, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:LOSS ON UNCOLLECTABLE PLEDGES

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MARK ELLIOTT
PRESIDENT$192,981$0$0$0$0$0$19,298$0$17,009$0$229,288$0$0$0
ANNE RODER
VP & SECRETARY$152,562$0$0$0$0$0$15,803$0$28,918$0$197,283$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BDOCUMENTATION MAY INCLUDE APPROVED MINUTES, STRINGS OF E-MAILS, OR SIMILAR WRITINGS THAT EXPLAIN THE ACTION TAKEN, WHEN IT WAS TAKEN, AND WHO MADE THE DECISION. FOR THIS PURPOSE, CONTEMPORANEOUS MEANS BY THE LATER OF (1) THE NEXT MEETING OF THE GOVERNING BODY OR COMMITTEE, OR (2) 60 DAYS AFTER THE DATE OF THE MEETING OR WRITTEN ACTION. IF THE GOVERNING BODY DELEGATED ITS AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE OR SIMILAR COMMITTEE WE WILL NEED TO DESCRIBE THE COMPOSITION OF THE COMMITTEE, WHETHER ANY MEMBERS ARE NOT PART OF THE GOVERNING BOARD AND THE SCOPE OF THE COMMITTEES AUTHORITY. THIS EXCLUDES COMMITTEES FORMED THAT ARE LIMITED TO A PARTICULAR MATTER, SUCH AS AN AUDIT OR INVESTMENT COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WAS PROVIDED TO THE FULL BOARD OF DIRECTORS VIA E-MAIL BEFORE FILING. ALL DIRECTORS WERE AFFORDED THE OPPORTUNITY TO ASK QUESTIONS AND OFFER EDITS. THE DECISION OF WHETHER TO MAKE EDITS WAS MADE BY SENIOR MANAGEMENT WITH THE ADVICE OF ITS FISCAL ADVISORS IN CONJUNCTION WITH THE TAX PREPARER.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION HAS A "BOARD APPROVED" CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD, LED BY ITS TREASURER, REVIEWS COMPARABLE SALARIES BASED ON A STUDY OF OTHER ORGANIZATIONS' FORMS 990 AND REVIEWS THE PERFORMANCE OF THE VP. THE BOARD DELIBERATES ON THIS MATTER IN EXECUTIVE SESSION. THE BOARD, LED BY ITS TREASURER, REVIEWS COMPARABLE SALARIES BASED ON A STUDY OF OTHER ORGANIZATIONS' FORMS 990 AND REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR. THE BOARD DELIBERATES ON THIS MATTER IN EXECUTIVE SESSION.
FORM 990, PART VI, SECTION C, LINE 19ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GSUBCONTRACTORS: PROGRAM SERVICE EXPENSES 132,431. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,431. CONSULTANTS: PROGRAM SERVICE EXPENSES 8,979. MANAGEMENT AND GENERAL EXPENSES 7,050. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,029.
FORM 990, PART XI, LINE 9:LOSS ON UNCOLLECTABLE PLEDGE -924,249.

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