Nonprofit · EIN 20-8720134
ECONOMIC MOBILITY CORPORATION
Tax-exempt · NEW YORK, NY 10004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $681,227 | $737,751 | -$56,524 | $3,360,384 | $210,094 | $3,150,290 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $635,064
- Program service revenue
- $0
- Investment income
- $46,163
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $443,086
- Salaries, compensation and benefits (total)
- $468,771
- Professional fundraising fees
- $0
- Accounting fees
- $28,200
- Travel
- $6,713
- Program services (functional)
- $637,181
- Management and general (functional)
- $76,493
- Fundraising (functional)
- $24,077
Balance sheet and other
- Total assets, start of year
- $4,333,168
- Total assets, end of year
- $3,360,384
- Total liabilities, end of year
- $210,094
- Net assets, end of year
- $3,150,290
- Net assets without donor restrictions
- $562,637
- Net assets with donor restrictions
- $2,587,653
- Gross receipts
- $681,227
- Employees
- 2
- Volunteers
- 4
- Year formed
- 2007
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK ELLIOTT | PRESIDENT Trustee or director, Officer | 40 | $195,000 | $40,882 |
| ANNE RODER | VP & SEC/VP FOR RESEARCH & EVALUATION Key employee | 40 | $155,144 | $43,981 |
| PLINIO AYALA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA SHOSS | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MARY PENA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL OSTERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 BROADWAY STE 1604, NEW YORK, NY 10004-3819
- In care of
- % MARK ELLIOTT
- Principal officer (990 for 2024)
- MARK ELLIOTT, 233 WEST 99TH STREET 7B, NEW YORK, NY 10025
- Signed the 990
- MARK ELLIOTT, PRESIDENT
- Phone
- (646) 243-8852
- Return prepared by
- WEGNER CPAS LLP
Mission
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.
Program accomplishments
- THE ORGANIZATION CONDUCTS RESEARCH ON PROMISING STRATEGIES AND EVALUATES PROGRAMS THAT HAVE THE POTENTIAL TO MAKE A MEANINGFUL DIFFERENCE IN PEOPLE'S LIVES BY HELPING ADULTS WITH LOW INCOMES TO ACQUIRE THE EDUCATION, SKILLS, AND NETWORKS NEEDED TO SUCCEED IN THE LABOR MARKET. IN 2025, THE ORGANIZATION WORKED WITH LEADING PRACTITIONERS TO CONDUCT RIGOROUS EVALUATIONS THAT WILL PROVIDE HIGHLY CREDIBLE EVIDENCE TO THE WORKFORCE DEVELOPMENT AND POSTSECONDARY EDUCATION FIELDS ON EFFECTIVE STRATEGIES FOR HELPING WORKERS ACCESS WELL-PAYING CAREERS. PROJECTS INCLUDED EVALUATIONS OF THE REPLICATION OF PER SCHOLAS' IT SUPPORT TRAINING IN COLUMBUS AND SILVER SPRING, THE REPLICATION OF ASAP AT TWO WEST VIRGINIA COMMUNITY COLLEGES, AND VALLEY INITIATIVE FOR DEVELOPMENT AND ADVANCEMENT (VIDA), A SISTER ORGANIZATION TO PROJECT QUEST THAT HELPS RESIDENTS OF THE RIO GRANDE VALLEY IN TEXAS PREPARE FOR WELL-PAYING CAREERS IN HIGH-DEMAND SECTORS OF THE LOCAL ECONOMY. 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. A TOTAL OF 1,390 INDIVIDUALS ENROLLED IN THE STUDY, HALF OF WHOM WERE RANDOMLY ASSIGNED TO THE TREATMENT GROUP AND HALF TO THE CONTROL GROUP. THE STUDY'S PRIMARY OUTCOME IS AVERAGE ANNUAL EARNINGS IN THE THIRD YEAR AFTER STUDY ENROLLMENT. THE STUDY WILL RELY ON 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 SITES, AND PROGRAM COSTS. REPORTS WILL ADDRESS THE IMPLICATIONS OF THE FINDINGS FOR POLICY AND PROGRAMMING IN THE WORKFORCE DEVELOPMENT FIELD.VIDA 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, MEASURED WITH ADMINISTRATIVE DATA. WITH SUPPORT FROM ASCENDIUM EDUCATION GROUP, MOBILITY IS STUDYING THE PROGRAM'S IMPLEMENTATION, THROUGH PROGRAM OBSERVATION AND SEMI-STRUCTURED INTERVIEWS WITH A SAMPLE OF PARTICIPANTS, TO LEARN ABOUT PARTICIPANTS' PAST EDUCATION AND WORK EXPERIENCES, THEIR DECISION TO TAKE PART IN THE PROGRAM, THE CHALLENGES THEY HAVE FACED, AND THEIR ASSESSMENT OF THE PROGRAM SERVICES. MOBILITY HAS ALSO CONTRACTED WITH A SURVEY FIRM TO CONDUCT INTERIM TRACKING ACTIVITIES TO PREPARE FOR CONDUCTING FOLLOW-UP SURVEYS TO LEARN MORE ABOUT HOW VIDA AFFECTS PARTICIPANTS' EMPLOYMENT, EDUCATION, RECEIPT OF INDUSTRY CREDENTIALS, AND FINANCIAL WELL-BEING. ENROLLMENT IN THE VIDA STUDY BEGAN IN 2024 AND IS EXPECTED TO CONTINUE THROUGH THE SUMMER OF 2028. MOBILITY WILL PUBLISH MULTIPLE REPORTS ON THE STUDY'S FINDINGS REGARDING PROGRAM IMPACTS, THE VIDA MODEL, PROGRAM COSTS, AND 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.Expenses $637,181
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 20-8720134
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P02)
- Assets (IRS master file)
- $3,360,384
- Income (IRS master file)
- $681,227
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | – | – | – | IRS |
| 990 | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $1,895,977 | $673,035 | $3,708,447 | IRS |
| 990 | September 2022 | $403,005 | $530,615 | $3,396,232 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about ECONOMIC MOBILITY CORPORATION
- What is the EIN of ECONOMIC MOBILITY CORPORATION?
- The employer identification number (EIN) of ECONOMIC MOBILITY CORPORATION is 20-8720134.
- Is ECONOMIC MOBILITY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to ECONOMIC MOBILITY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC MOBILITY CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ECONOMIC MOBILITY CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC MOBILITY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of ECONOMIC MOBILITY CORPORATION?
- The 990 for the year ended September 30, 2025 names MARK ELLIOTT.
- Who are the officers and directors of ECONOMIC MOBILITY CORPORATION?
- The 990 for the year ended September 30, 2025 lists 6 people; 2 received compensation from the organization, the highest $195,000 (MARK ELLIOTT, PRESIDENT).
- How much revenue does ECONOMIC MOBILITY CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $681,227, expenses of $737,751 and total assets of $3,360,384 at year end.
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