Overview
What is Ecmc Foundation?
Ecmc Foundation is a Minneapolis-based grantmaking organization committed to improving higher education and career success, particularly for underprivileged populations. Their College Success focus area aims to enhance graduation rates for first-generation students, those from low-income backgrounds, and students of color by supporting postsecondary programs and systemic reforms. The foundation has expanded its commitment to driving systemic change in the postsecondary ecosystem, focusing on removing barriers for students, building capacity within the education sector, and transforming the higher education system as a whole. With a team of 20 employees, Ecmc Foundation has provided funding in 49 states.
Official website here: www.ecmcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating) from Charity Navigator
The ECMC Foundation has achieved an impressive Four-Star rating with a perfect score of 100%, indicating high accountability and financial health. This rating reflects the organization’s commitment to transparency and good governance, with a strong independent board comprising 81% of its members and robust financial oversight measures in place.
The foundation demonstrates exceptional financial stewardship, with a program expense ratio of nearly 94%, signifying that the vast majority of its funds are directed toward its mission rather than administrative costs. Additionally, it has implemented comprehensive policies regarding conflict of interest, whistleblowing, and document retention, which contribute to its credibility and operational integrity.
No significant limitations have been noted in the data, highlighting that the ECMC Foundation maintains a strong financial position and adheres to best practices in nonprofit management. Overall, the foundation appears to be a reputable choice for potential donors seeking to support a trustworthy organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ecmc Foundation legitimate?
Ecmc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ecmc Foundation 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: $1,264,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,032,263
For more financial information, click here
Official website here: www.ecmcfoundation.org
What is the mission statement of Ecmc Foundation?
The Ecmc Foundation is a grant-making organization dedicated to enhancing higher education and career success for underprivileged populations through evidence-based innovation. Its mission is geared towards improving access to education and fostering graduation among students from disadvantaged backgrounds, including first-generation students, low-income families, and students of color. The foundation supports programs, initiatives, and research that address systemic reforms and student support within post-secondary institutions. It focuses on initiatives that ensure students' persistence toward a degree, improve credit mobility and transfer, enhance student-centered support, and reform systemic approaches to increase completion. Recently, the foundation expanded its commitment to drive systemic change in the post-secondary ecosystem, focusing on removing barriers for students, building capacity within the education sector, and transforming the overall higher education system.
Official website here: www.ecmcfoundation.org
Who is the CEO of Ecmc Foundation?
Jacob Fraire is the Principal Officer of Ecmc Foundation. The CEO's salary of Ecmc Foundation is $0 and their total compensation is $1,125,940.
Official website here: www.ecmcfoundation.org
What is the revenue of Ecmc Foundation?
Ecmc Foundation's revenue in 2022 was $501,684,291.
Official website here: www.ecmcfoundation.org
Who are the executives of Ecmc Foundation and what are their salaries?
The average compensation at Ecmc Foundation during 2022 was $214,840. There are 20 employees at Ecmc Foundation.
Here are 24 key members and their salaries (Ecmc Foundation's CEO's salary is $0 and their total compensation is $1,125,940):
- Compensation: $0
- Related: $196,250
- Other: $0
- Compensation: $0
- Related: $157,500
- Other: $0
- Compensation: $0
- Related: $155,000
- Other: $0
- Compensation: $0
- Related: $152,500
- Other: $0
- Compensation: $0
- Related: $156,250
- Other: $0
- Compensation: $0
- Related: $140,000
- Other: $0
- Compensation: $0
- Related: $137,500
- Other: $0
- Compensation: $0
- Related: $132,500
- Other: $0
- Compensation: $0
- Related: $127,500
- Other: $0
- Compensation: $0
- Related: $1,271,506
- Other: $52,529
- Compensation: $0
- Related: $1,013,493
- Other: $112,447
- Compensation: $719,867
- Related: $0
- Other: $177,961
- Compensation: $0
- Related: $851,966
- Other: $96,996
- Compensation: $310,045
- Related: $0
- Other: $56,664
- Compensation: $0
- Related: $382,212
- Other: $76,486
- Compensation: $131,287
- Related: $0
- Other: $15,655
- Compensation: $189,168
- Related: $0
- Other: $34,492
- Compensation: $168,714
- Related: $0
- Other: $49,701
- Compensation: $169,273
- Related: $0
- Other: $43,618
- Compensation: $128,775
- Related: $0
- Other: $42,309
- Compensation: $0
- Related: $75,000
- Other: $0
- Compensation: $0
- Related: $60,000
- Other: $0
- Compensation: $0
- Related: $30,000
- Other: $0
- Compensation: $0
- Related: $1,343,530
- Other: $99,504
Official website here: www.ecmcfoundation.org
Where can I find the form 990 for Ecmc Foundation?
Ecmc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecmcfoundation.org
Learn more at the official website: www.ecmcfoundation.org
Mission Statement of Ecmc Foundation
The ECMC Foundation, a grantmaking organization, is dedicated to enhancing higher education and career success for underserved populations through evidence-based innovation. With a mission to make a significant impact in this area, the Foundation supports three core focus areas: College Success, Career Readiness and Education Innovation Ventures. By employing a diverse range of funding structures, including strategic grantmaking and program-related investments, the Foundation has provided support in all 49 states since its inception.
The College Success focus area aims to boost persistence and graduation rates among students confronting systemic obstacles to earning a bachelor's degree. These students encompass first-generation college attendees, low-income individuals, and students of color. The program funds initiatives and postsecondary programs that enact systemic reforms and support services to increase student success at institutions of higher learning. It also helps currently enrolled students remain persistent towards earning a degree, facilitates timely transfer from two-year to four-year institutions, and enhances students' pathways to graduation with career-ready skills. Furthermore, the College Success focus area evaluates new research findings and publications that promote student success outcomes.
Currently, the grantmaking efforts of the College Success focus area are geared toward programs, institutional networks, research, and policy that address basic needs, improve credit mobility and transfer, enhance student-centered support, and reform systemic approaches to boost completion. Additionally, the Foundation has made substantial investments in coalition efforts working on key issues: the Basic Needs Initiative and Catalyzing Transfer Initiative. In 2022, the ECMC Foundation reassessed its strategic approach to grantmaking and investing, resulting in an expanded commitment to driving systemic change in the postsecondary ecosystem. The new strategic framework focuses on removing barriers from students, building capacity within the education sector, and transforming the higher education ecosystem as a whole, with a focus on continuous measurement, learning, and evaluation.
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Impact
October, 2024
Ecmc Foundation significantly impacts higher education and career success for underserved populations by focusing on evidence-based innovations. Through targeted grantmaking, the foundation addresses the systemic challenges faced by students, particularly first-generation college attendees, those from low-income backgrounds, and students of color.
The College Success initiative aims to boost persistence and graduation rates by funding programs that enhance systemic reforms at postsecondary institutions. This includes support for students navigating the educational landscape, fostering timely transfers from two-year to four-year colleges, and equipping students with essential career-ready skills. By investing in networks and research, Ecmc Foundation plays a critical role in promoting comprehensive solutions to increase student success rates.
Additionally, the foundation has initiated coalition efforts tackling key challenges like basic needs for students and improving transfer processes. In 2022, it further refined its strategic approach to grantmaking, aiming to remove barriers for students, build capacity within the education sector, and transform the overall higher education ecosystem. This continuous evaluation and commitment to systemic change exemplify the foundation's dedication to fostering environments where all students can thrive academically and professionally. Through its efforts, Ecmc Foundation has provided resources across 49 states, marking a significant footprint in enhancing educational equity and access.
This information is meant to be a general summary of Ecmc Foundation. 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 2022.
- Investment Income: $109,687
- Gross Receipts: $501,784,291
Assets and Liabilities:
- Total Assets: $1,575,921,479
- Total Liabilities: $29,183,730
- Net Assets: $1,546,737,749
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Organization Details
Founding Year
2000
Phone
(651) 221-0566Principal Officer
Jacob Fraire
Main Address
111 WASHINGTON AVE SO 1400, MINNEAPOLIS, MN, 55401
Website
www.ecmcfoundation.orgNTEE Category
Code: B02 - Education
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