2023-08-07T08:42:58-07:00 2022-09-30 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2021-10-01 208720134 Economic Mobility Corporation ECON 2122806975 233 West 99th Street 7B New York NY 10025 Mark Elliott President 2023-08-07 true Mark Elliott 999009999 Michael Schall P02024184 2122682804 3 AAL1 IAL1 FAL1 2021 2023-04-26 12:10:37Z Mark Elliott 233 West 99th Street 7B New York NY 10025 403005 false 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 6 0 347681 228648 27527 169398 217 4959 0 375425 403005 0 0 463960 463696 0 23872 142739 66919 606699 530615 -231274 -127610 3696736 3396232 285941 113047 3410795 3283185 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. false false 436368 169398 Reconnaissance to Identify Promising Programs with the Potential to Demonstrate Positive Earnings ImpactsWith a grant from Arnold Ventures, Mobility led the Escalating Gains initiative to identify and evaluate the nations most promising efforts to increase the long-term employment and earnings of people with low incomes. Mobility is conducting a national reconnaissance to identify organizations and programs, with the potential to demonstrate large, sustained earnings impacts for their participants, that are willing to undertake a rigorous evaluation using a randomized controlled trial (RCT) design. Mobility reached out to practitioners, funders, intermediaries, and researchers to obtain recommendations and discussed the initiative with the recommended organizations. In all, staff spoke with over 100 contacts, including about 40 organizations that were potential candidates for the initiative. Mobility invited organizations to submit letters of interest for taking part in the initiative, including nonprofit workforce development organizations, multi-service providers, and community college systems. Geographically, the organizations were located in 16 states, with representation in all regions of the country. During this period, Mobility continued to complete in-depth assessments of interested organizations and developed evaluation plans for organizations that were strong candidates for the initiative. Evaluation of the Replication of Per ScholasPer Scholas was founded in 1995 in New York Citys 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 a grant from Arnold Ventures, 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 studys 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 studys 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 CollegesAccelerated 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 2023 at the two participating colleges, Blue Ridge Community and Technical College and West Virginia University at Parkersburg. The studys 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 measure initial workforce earnings and assess the programs 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 SuccessMobility 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 are conducting interviews with key stakeholders and researching 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 are working on developing 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. 436368 true true false false false false false false false false false false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 9 0 true 2 true false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true false false false true true true true true true true true false NY X Mark Elliott 2122806975 233 West 99th Street New York NY 10025 Mark Elliott President 40.00 0.00 X X 193909 0 50960 Anne Roder VP & Secretary 40.00 0.00 X 150289 0 55102 Plinio Ayala Treasurer 1.00 0.00 X X 0 0 0 Cynthia Shoss Chair 1.00 0.00 X X 0 0 0 Mary Pena Trustee 1.00 0.00 X 0 0 0 Paul Osterman Trustee 1.00 0.00 X 0 0 0 344198 106062 2 false true false 0 228648 228648 Contract Revenue 169398 169398 169398 4959 4959 0 0 0 0 0 0 0 0 403005 169398 4959 0 0 0 0 351700 298945 35170 17585 0 0 0 0 111996 95196 11200 5600 0 0 0 0 0 0 50791 28221 22570 0 1525 1296 153 76 0 0 0 274 274 0 0 0 0 0 6323 5375 632 316 Other expenses 8006 7061 650 295 0 530615 436368 70375 23872 1085145 954218 0 2611591 2442014 0 0 0 0 0 0 0 0 0 0 0 0 3696736 3396232 48403 69906 237538 43141 285941 113047 X 457102 457102 2953693 2826083 3410795 3283185 3696736 3396232 -127610 X false true X true false X 281848 1087279 2437254 347681 228648 4382710 0 0 281848 1087279 2437254 347681 228648 4382710 3847839 534871 5542 17392 7346 217 4959 35456 0 0 4418166 873433 0.12110 0.10120 X Prior Year Facts and Circumstances: 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 Organizations 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 X 403005 403005 403005 530615 530615 530615 Part X : FIN48 Footnote EMC does not believe its financial statements include any uncertain tax positions. Tax filings for periods ending September 30, 2019 and later are subject to examination by applicable taxing authorities. X X false false false false false false false false false Anne Roder VP & Secretary 150289 14537 40565 205391 Mark Elliott President 193909 18000 32960 244869 Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Organizational documents are made available upon request.