2024-08-12T14:53:23-05:00 2023-09-30 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS 16TH FLOOR NEW YORK NY 10018 990 2022-10-01 208720134 ECONOMIC MOBILITY CORPORATION ECON 6462438852 233 WEST 99TH STREET 7B NEW YORK NY 10025 MARK ELLIOTT PRESIDENT 6462438852 2024-08-12 1 0 MIKE SCHALL P02024184 2122682804 2024-08-12 2022 2024-08-08 14:25:15Z MARK ELLIOTT 233 WEST 99TH STREET 7B NEW YORK NY 10025 1895977 0 X WWW.ECONOMICMOBILITYCORP.ORG X 2007 NY 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. 5 4 2 4 0 0 228648 1737937 169398 118141 4959 39899 0 0 403005 1895977 0 0 0 0 463696 490715 0 0 25179 66919 182320 530615 673035 -127610 1222942 3396232 3708447 113047 126569 3283185 3581878 X 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 SO THAT THEY CAN SUPPORT THEMSELVES AND THEIR FAMILIES. 0 0 572616 118141 PLEASE 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. 572616 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X MARK ELLIOTT 6462438852 233 WEST 99TH STREET NEW YORK NY 10025 MARK ELLIOTT PRESIDENT 40.00 X X 192981 0 36307 PLINIO AYALA TREASURER 1.00 X X 0 0 0 CYNTHIA SHOSS CHAIR 1.00 X X 0 0 0 MARY PENA TRUSTEE 1.00 X 0 0 0 PAUL OSTERMAN TRUSTEE 1.00 X 0 0 0 ANNE RODER VP & SECRETARY 40.00 X 152562 0 44721 345543 0 81028 2 0 1 0 0 1737937 1737937 CONTRACT REVENUE 900099 118141 118141 118141 39899 39899 1895977 118141 0 39899 X 465123 395354 46513 23256 25592 21753 2559 1280 17650 17650 148460 141410 7050 2418 2056 242 120 5886 5003 589 294 OTHER EXPENSES 7906 7040 637 229 673035 572616 75240 25179 954218 822617 222948 2442014 2662882 3396232 3708447 69906 126569 43141 113047 126569 X 457102 457102 2826083 3124776 3283185 3581878 3396232 3708447 X 1222942 -924249 X 0 1 X 1 0 X 163030 2437254 347681 228648 1737937 4914550 163030 2437254 347681 228648 1737937 4914550 4143266 771284 17392 7346 217 4959 39899 69813 4984363 528973 0.15470 0.12110 X THE 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 971728 -924249 -924249 1895977 0 1895977 673035 0 673035 0 673035 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 X X 0 0 0 0 0 0 0 0 0 MARK ELLIOTT PRESIDENT 192981 0 0 0 0 0 19298 0 17009 0 229288 0 0 0 ANNE RODER VP & SECRETARY 152562 0 0 0 0 0 15803 0 28918 0 197283 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B DOCUMENTATION 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 11B THE 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 12C THE 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 15 THE 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 19 ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G SUBCONTRACTORS: 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.