ECONOMIC MOBILITY CORPORATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ECONOMIC MOBILITY CORPORATION (EIN 20-8720134)
Tax period
2023-10-01 to 2024-09-30
Filed
2025-07-24
IRS object ID
202522059349301427
Schema version
2023v6.0
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)
Return2025-07-24T13:03:08-05:00ReturnTs
Tax Period End2024-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390974031PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WEGNER CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1230 PARK AVE FL 3AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP101690005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-10-01TaxPeriodBeginDt

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
Signature2025-07-21SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonYIGIT UCTUM CPAPreparerPersonNm
PTINP01269549PTIN
Phone2125511724PhoneNum
Preparation2025-07-21PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$1,426,883GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressECONOMICMOBILITYCORP.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$1,737,937PYContributionsGrantsAmt
CY Contributions Grants$1,371,586CYContributionsGrantsAmt
PY Program Service Revenue$118,141PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$39,899PYInvestmentIncomeAmt
CY Investment Income$55,297CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,895,977PYTotalRevenueAmt
CY Total Revenue$1,426,883CYTotalRevenueAmt
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$490,715PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$453,229CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$24,148CYTotalFundraisingExpenseAmt
PY Other Expenses$182,320PYOtherExpensesAmt
CY Other Expenses$380,554CYOtherExpensesAmt
PY Total Expenses$673,035PYTotalExpensesAmt
CY Total Expenses$833,783CYTotalExpensesAmt
PY Revenues Less Expenses$1,222,942PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$593,100CYRevenuesLessExpensesAmt
Total Assets BOY$3,708,447TotalAssetsBOYAmt
Total Assets EOY$4,333,168TotalAssetsEOYAmt
Total Liabilities BOY$126,569TotalLiabilitiesBOYAmt
Total Liabilities EOY$158,190TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,581,878NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,174,978NetAssetsOrFundBalancesEOYAmt
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$751,763ExpenseAmt
Grant$0GrantAmt
Revenue$0RevenueAmt
DescVIDA RCT EVALUATION: LAUNCHED IN 1995, VALLEY INITIATIVE FOR DEVELOPMENT AND ADVANCEMENT (VIDA) IS A NONPROFIT ORGANIZATION, LOCATED IN THE RIO GRANDE VALLEY OF TEXAS, WITH A MISSION TO PREPARE UNEMPLOYED AND UNDEREMPLOYED RESIDENTS FOR HIGH-SKILL, HIGH-WAGE JOBS WHILE ADDRESSING EMPLOYERS' NEEDS FOR SKILLED WORKERS. VIDA SUPPORTS ADULTS SEEKING TO COMPLETE OCCUPATIONAL TRAINING PROGRAMS, PRIMARILY AT AREA COLLEGES. VIDA'S SERVICES INCLUDE FINANCIAL SUPPORT TO COVER THE COSTS OF COLLEGE, INDIVIDUALIZED COUNSELING TO ADDRESS PERSONAL, FINANCIAL, AND ACADEMIC CONCERNS, REFERRALS TO OUTSIDE AGENCIES FOR SUPPORT, EMERGENCY FINANCIAL ASSISTANCE, MANDATORY GROUP MEETINGS FOCUSED ON SOFT SKILLS, AND JOB PLACEMENT SUPPORT. VIDA IS A SISTER ORGANIZATION TO PROJECT QUEST IN SAN ANTONIO, WHICH HAS DEMONSTRATED LARGE POSITIVE IMPACTS ON CREDENTIAL ATTAINMENT AND EARNINGS. WITH A GRANT FROM ARNOLD VENTURES, MOBILITY IS CONDUCTING A RANDOMIZED CONTROLLED TRIAL EVALUATION OF VIDA TO ASSESS THE PROGRAM'S IMPACTS ON POSTSECONDARY EDUCATION AND EARNINGS. THE STUDY'S PRIMARY OUTCOMES ARE EARNING A COLLEGE CREDENTIAL FOUR YEARS AFTER STUDY ENROLLMENT AND AVERAGE ANNUAL EARNINGS IN THE SEVENTH YEAR AFTER STUDY ENROLLMENT. THE STUDY WILL RELY ON ADMINISTRATIVE DATA ON COLLEGE ENROLLMENT, CREDENTIAL ATTAINMENT, AND EARNINGS. STUDY ENROLLMENT BEGAN IN 2024 AND WILL CONTINUE THROUGH SUMMER OF 2027. MOBILITY WILL PUBLISH MULTIPLE REPORTS ON THE STUDY'S FINDINGS REGARDING PROGRAM IMPACTS, THE VIDA MODEL, PROGRAM COSTS, AND THE THE IMPLICATIONS OF THE FINDINGS FOR POLICY AND PROGRAMMING. THE STUDY WILL PROVIDE STRONG EVIDENCE TO THE POSTSECONDARY EDUCATION AND WORKFORCE DEVELOPMENT FIELDS ABOUT THE EFFECTIVENESS OF COMPREHENSIVE EFFORTS TO INCREASE LOW-INCOME ADULTS' COLLEGE COMPLETION AND 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 CONTINUED 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. MOBILITY 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 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 THROUGH 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. PROJECT QUEST 14-YEAR FOLLOW-UP: SINCE 1992 PROJECT QUEST'S 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 PERSONAL, FINANCIAL, AND ACADEMIC 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. WITH A GRANT FROM ASCENDIUM EDUCATION GROUP, MOBILITY EXTENDED ITS RANDOMIZED CONTROLLED TRIAL STUDY OF PROJECT QUEST TO EXAMINE THE PROGRAM'S EARNINGS AND EDUCATION IMPACTS OVER THE 14 YEARS AFTER STUDY ENROLLMENT, USING ADMINISTRATIVE DATA. THE EVALUATION FOCUSES ON INDIVIDUALS WHO WERE PURSUING CAREERS IN HEALTHCARE. MOBILITY PUBLISHED A REPORT ON THE FINDINGS, FOURTEEN YEAR GAINS: PROJECT QUEST'S REMARKABLE IMPACT. WE FOUND THAT QUEST CONTINUED TO HAVE LARGE, POSITIVE IMPACTS ON PARTICIPANTS' POSTSECONDARY CREDENTIAL ATTAINMENT AND EARNINGS OVER THE 14 YEARS AFTER STUDY ENROLLMENT, AVERAGING $5,300 ANNUALLY IN YEARS FOUR THROUGH FOURTEEN. QUEST INCREASED POSTSECONDARY CREDENTIAL ATTAINMENT BY 14 PERCENTAGE POINTS AND MORE THAN DOUBLE THE ATTAINMENT OF HEALTHCARE CREDENTIALS. THE EARNINGS GAINS OF QUEST PARTICIPANTS FAR EXCEEDED THE COSTS OF THE PROGRAM AND PARTICIPANTS' COLLEGE ATTENDANCE. PROJECT QUEST IS ONE OF ONLY A FEW PROGRAMS THAT HAVE DEMONSTRATED LARGE, LASTING IMPACTS ON PARTICIPANTS' EARNINGS. THE REPORT DISCUSSES THREE KEY IMPLICATIONS OF THE FINDINGS: 1. QUEST PROVIDED LONG-TERM, FLEXIBLE, AND PERSONAL SUPPORT TO HELP LOW-INCOME ADULTS EARN CREDENTIALS WITH HIGH LABOR MARKET VALUE. 2. QUEST HAD DEVELOPED EXPERTISE IN THE HEALTHCARE SECTOR, HAD BECOME A TRUSTED SOURCE OF WORKERS FOR LOCAL EMPLOYERS, AND SUPPORTED PEOPLE IN EARNING CREDENTIALS THAT ENABLED THEM TO OBTAIN WELL-PAYING JOBS UPON COMPLETION. 3. QUEST RECRUITED INDIVIDUALS WHO COULD BENEFIT FROM THE PROGRAM'S SERVICES AND WHO WERE UNLIKELY TO BE SUCCESSFUL ON THEIR OWN. THE PROGRAM WAS MOST SUCCESSFUL WITH ADULTS AGES 25 AND OLDER AND THOSE WHO HAD PREVIOUSLY DROPPED OUT OF HIGH SCHOOL OR COLLEGE. MOBILITY WIDELY DISSEMINATED THE REPORT AND PRESENTED THE FINDINGS TO PROJECT QUEST AND ITS AFFILIATE ORGANIZATIONS, GOVERNMENT OFFICIALS, AND OTHER STAKEHOLDERS IN THE WORKFORCE DEVELOPMENT FIELD.Desc
Total Program Service Expenses$751,763TotalProgramServiceExpensesAmt
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 Footnote0IncludeFIN48FootnoteInd
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 Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
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

FieldValueIRS element (for citing)
PersonMARK ELLIOTTPersonNm
Phone6462438852PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1233 WEST 99TH STREET 7BAddressLine1Txt
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 CompensationOtherCompensationAmtKey EmployeeKeyEmployeeInd
MARK ELLIOTT
PRESIDENT40.00Yes (X)Yes (X)$210,000$0$40,354
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
VICE-PRESIDENT & SECRETARY40.00$165,379$0$40,632Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$375,379TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$80,986TotalOtherCompensationAmt
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$1,371,586AllOtherContributionsAmt
Total Contributions$1,371,586TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$55,297TotalRevenueColumnAmt
Exclusion$55,297ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,426,883TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$55,297ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$429,586TotalAmt
Program Services$378,790ProgramServicesAmt
Management And General$28,515ManagementAndGeneralAmt
Fundraising$22,281FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$23,643TotalAmt
Program Services$20,313ProgramServicesAmt
Management And General$2,135ManagementAndGeneralAmt
Fundraising$1,195FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$25,700TotalAmt
Management And General$25,700ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$339,426TotalAmt
Program Services$338,750ProgramServicesAmt
Management And General$450ManagementAndGeneralAmt
Fundraising$226FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,693TotalAmt
Program Services$2,289ProgramServicesAmt
Management And General$269ManagementAndGeneralAmt
Fundraising$135FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,849TotalAmt
Program Services$1,849ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,214TotalAmt
Program Services$5,282ProgramServicesAmt
Management And General$621ManagementAndGeneralAmt
Fundraising$311FundraisingAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,672TotalAmt
Program Services$4,490ProgramServicesAmt
Management And General$182ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$833,783TotalAmt
Program Services$751,763ProgramServicesAmt
Management And General$57,872ManagementAndGeneralAmt
Fundraising$24,148FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$822,617BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$222,948BOYAmt
EOY$1,218,166EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,662,882BOYAmt
EOY$3,115,002EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,708,447BOYAmt
EOY$4,333,168EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$126,569BOYAmt
EOY$158,190EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$126,569BOYAmt
EOY$158,190EOYAmt
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$3,124,776BOYAmt
EOY$3,717,876EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,581,878BOYAmt
EOY$4,174,978EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,708,447BOYAmt
EOY$4,333,168EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$593,100ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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$2,412,254CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$347,681CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$228,648CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,737,937CurrentTaxYearMinus1YearAmt
Current Tax Year$1,371,586CurrentTaxYearAmt
Total$6,098,106TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,412,254CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$347,681CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$228,648CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,737,937CurrentTaxYearMinus1YearAmt
Current Tax Year$1,371,586CurrentTaxYearAmt
Total$6,098,106TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$5,147,893SubstantialContributorsTotAmt
Public Support Total170$950,213PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,346CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$217CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,959CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$39,899CurrentTaxYearMinus1YearAmt
Current Tax Year$55,297CurrentTaxYearAmt
Total$107,718TotalAmt
FieldValueIRS element (for citing)
Total Support$6,205,824TotalSupportAmt
Gross Receipts Rltd Activities$424,927GrossReceiptsRltdActivitiesAmt
Public Support CY1700.15310PublicSupportCY170Pct
Public Support PY1700.15470PublicSupportPY170Pct
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
Total Rev Etc Audited Fincl Stmt$1,426,883TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,426,883RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,426,883TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$833,783TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$833,783ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$833,783TotalExpensesPerForm990Amt

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$195,000$0$15,000$0$0$0$19,298$0$21,056$0$250,354$0$0$0
ANNE RODER
VICE-PRESIDENT & SECRETARY$155,379$0$10,000$0$0$0$15,803$0$24,829$0$206,011$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WAS PROVIDED TO THE FULL BOARD OF DIRECTORS VIA EMAIL 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. THE DECLARATIONS ARE REVIEWED AT THE BOARD LEVEL AND A DIRECTOR OR OFFICER WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION.
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 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GPAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 2,049. MANAGEMENT AND GENERAL EXPENSES 239. FUNDRAISING EXPENSES 121. TOTAL EXPENSES 2,409. PENSION ADMINISTRATIVE FEES: PROGRAM SERVICE EXPENSES 1,789. MANAGEMENT AND GENERAL EXPENSES 211. FUNDRAISING EXPENSES 105. TOTAL EXPENSES 2,105. CONSULTANTS: PROGRAM SERVICE EXPENSES 5,257. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,257. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 329,655. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 329,655.

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