2025-07-24T13:03:08-05:00 2024-09-30 390974031 WEGNER CPAS LLP 230 PARK AVE FL 3 NEW YORK NY 101690005 990 2023-10-01 208720134 ECONOMIC MOBILITY CORPORATION ECON 6462438852 233 WEST 99TH STREET 7B NEW YORK NY 10025 MARK ELLIOTT PRESIDENT 6462438852 2025-07-21 1 1 YIGIT UCTUM CPA P01269549 2125511724 2025-07-21 2023 2025-03-06 01:10:19Z MARK ELLIOTT 233 WEST 99TH STREET 7B NEW YORK NY 10025 1426883 0 X 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 1737937 1371586 118141 0 39899 55297 0 0 1895977 1426883 0 0 0 0 490715 453229 0 0 24148 182320 380554 673035 833783 1222942 593100 3708447 4333168 126569 158190 3581878 4174978 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 751763 0 0 VIDA 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. 751763 1 1 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 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 7B NEW YORK NY 10025 MARK ELLIOTT PRESIDENT 40.00 X X 210000 0 40354 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 VICE-PRESIDENT & SECRETARY 40.00 X 165379 0 40632 375379 0 80986 2 0 1 0 0 1371586 1371586 55297 55297 1426883 0 0 55297 X 429586 378790 28515 22281 23643 20313 2135 1195 25700 25700 339426 338750 450 226 2693 2289 269 135 1849 1849 6214 5282 621 311 4672 4490 182 833783 751763 57872 24148 822617 0 222948 1218166 2662882 3115002 3708447 4333168 126569 158190 126569 158190 X 457102 457102 3124776 3717876 3581878 4174978 3708447 4333168 593100 0 X 0 1 X 1 0 X 2412254 347681 228648 1737937 1371586 6098106 2412254 347681 228648 1737937 1371586 6098106 5147893 950213 7346 217 4959 39899 55297 107718 6205824 424927 0.15310 0.15470 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 1426883 0 1426883 0 1426883 833783 0 833783 0 833783 X X 0 0 0 0 0 0 0 0 0 MARK ELLIOTT PRESIDENT 195000 0 15000 0 0 0 19298 0 21056 0 250354 0 0 0 ANNE RODER VICE-PRESIDENT & SECRETARY 155379 0 10000 0 0 0 15803 0 24829 0 206011 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE 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 11B THE 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 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. 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 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 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL 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.