Overview
What is Economic Mobility Corporation?
The Economic Mobility Corporation, abbreviated as Mobility, is a nonprofit organization headquartered in New York, NY. Their primary mission is to empower disadvantaged individuals by providing them with the necessary education, skills, and networking opportunities to succeed in the labor market. Mobility operates with a grant from Arnold Ventures and focuses on identifying promising programs that have the potential to significantly increase long-term employment and earnings for individuals with low incomes. They conduct a nationwide reconnaissance to find such organizations and programs, engaging with various stakeholders and speaking to over 100 contacts. Mobility invites selected organizations to participate in rigorous evaluations using randomized controlled trial (RCT) designs. Two such programs under evaluation are Per Scholas and ASAP at two West Virginia community colleges. Per Scholas aims to prepare low-income individuals for tech careers, while ASAP provides comprehensive support to help students earn a degree or credential within three years. Mobility also works with the Ballmer Group to develop strategies promoting the economic success of young adults.
Official website here: www.economicmobilitycorp.org
Is Economic Mobility Corporation legitimate?
Economic Mobility Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Mobility Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $465,123
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.economicmobilitycorp.org
What is the mission statement of Economic Mobility Corporation?
The Economic Mobility Corporation, often referred to as Mobility, focuses on identifying, developing, and evaluating programs and policies that empower disadvantaged individuals to acquire the necessary education, skills, and networks to succeed in the labor market. This enables them to secure stable employment and support their families. The organization pursues this mission by conducting research to identify promising programs with significant potential for improving participants' long-term employment and earnings. One such program is Per Scholas, which has demonstrated positive impacts on participants' earnings through occupational skills training and job placement assistance. Additionally, Mobility is evaluating the replication of successful programs like ASAP in other areas to see if they can yield similar results. The corporation also works on strategies to promote young adults' economic success, particularly for those who are disconnected from education or work.
Official website here: www.economicmobilitycorp.org
What is the revenue of Economic Mobility Corporation?
Economic Mobility Corporation's revenue in 2023 was $1,895,977.
Official website here: www.economicmobilitycorp.org
Who are the executives of Economic Mobility Corporation and what are their salaries?
The average compensation at Economic Mobility Corporation during 2023 was $232,562. There are 2 employees and 4 volunteers at Economic Mobility Corporation.
Here are 6 key members and their salaries:
- Compensation: $192,981
- Related: $0
- Other: $36,307
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $152,562
- Related: $0
- Other: $44,721
Official website here: www.economicmobilitycorp.org
Where can I find the form 990 for Economic Mobility Corporation?
Economic Mobility Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.economicmobilitycorp.org
Learn more at the official website: www.economicmobilitycorp.org
Mission Statement of Economic Mobility Corporation
The Economic Mobility Corporation, often referred to as Mobility, is an organization that is dedicated to identifying, developing, and evaluating programs and policies that empower disadvantaged individuals. Their mission is to help these individuals acquire the necessary education, skills, and networks required to succeed in the labor market. This enables them to support themselves and their families, thereby promoting economic mobility. Mobility's activities are geared towards enabling individuals to overcome the barriers that prevent them from accessing employment opportunities. They strive to create sustainable solutions that can improve the lives of those who are often overlooked in society. By doing so, they aim to contribute to a more equitable and prosperous society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Economic Mobility Corporation (Mobility) significantly impacts the landscape of workforce development by identifying, developing, and evaluating effective programs and policies aimed at improving the economic prospects for disadvantaged individuals. Through initiatives like the Escalating Gains, Mobility conducts thorough reconnaissance to uncover and evaluate promising programs capable of delivering substantial earnings benefits to low-income participants. This involves collaboration with over 100 stakeholders, including organizations and researchers across 16 states, facilitating a broad investigation into the workforce landscape.
One of the notable programs under scrutiny is Per Scholas, which focuses on equipping low-income individuals with skills for well-paying careers in technology. Mobility is executing a rigorous randomized controlled trial to assess the program's efficacy beyond its original Bronx location, aiming to ascertain whether similar positive earnings impacts can be replicated elsewhere, such as in Washington D.C. and Columbus, Ohio.
Another focal point is the evaluation of the Accelerated Study in Associate Programs (ASAP) at West Virginia community colleges. By conducting studies to determine the effectiveness of the Ascend program, which facilitates career-oriented education, Mobility seeks to measure educational attainment rates and initial workforce earnings. These findings will influence both immediate practices and broader workforce policies.
Furthermore, Mobility is collaborating with the Ballmer Group to strategize on enhancing economic success for young adults, especially those disconnected from traditional education or employment paths. This effort includes analyzing critical barriers faced by young people in locales such as Detroit and proposing actionable recommendations to improve graduation rates and transitions into postsecondary education and stable careers.
In summary, Mobility's analytical and evaluative efforts are pivotal in shaping interventions that have the potential to enhance economic mobility, enabling disadvantaged individuals to gain critical skills, secure employment, and ultimately support their families effectively.
This information is meant to be a general summary of Economic Mobility Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $39,899
- Program Service Revenue: $118,141
- Gross Receipts: $1,895,977
Assets and Liabilities:
- Total Assets: $3,396,232
- Total Liabilities: $113,047
- Net Assets: $3,283,185
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$118,141
Organization Details
Founding Year
2007
Principal Officer
Mark Elliott
Website
www.economicmobilitycorp.orgNTEE Category
Code: P02 - Human services
If you are a representative of Economic Mobility Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.