Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
21 people listed on the 990; $1.8M paid to officers and key staff.
Jacob Fraire’s $600K as President, Ecmc Foundation is at the 94th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Peter J Taylor | — | — | $719,867 | $679,533 | $573,155 |
| Jacob Fraire | $599,858 | $433,420 | — | — | — |
| Peter Taylor | $41,750 | $447,382 | — | — | — |
| Lynn Alvarez | $217,353 | $324,967 | $310,045 | $302,089 | $300,412 |
| Jennifer Zeisler | $208,014 | $202,400 | — | — | — |
| Sarah Belnick | $202,677 | $181,697 | $169,273 | $147,575 | $143,596 |
| Jessica Haselton | $190,506 | $175,243 | — | — | — |
| Jennifer E Zeisler | — | — | $189,168 | $163,522 | $163,561 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides grants and investments to innovative programs and ventures that improve college graduation rates and career success for underserved students and jobseekers.
Questions for Ecmc Foundation
Your first name shows with your question. Ecmc Foundation answers here, for everyone.
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Strategic Grantmaking
Guided by ecmc foundation's strategic framework, commitment to systemic change and north star goal, the foundation leverages two main grantmaking strategies-initiatives and strategically responsive-both of which contain several portfolios.
Employee Engagement
Ecmc foundation facilitates two main opportunities-a generating outcomes (go!) program and a discretionary grant program-for staff and leadership across ecmc group to feel connected to ecmc foundation's philanthropic mission. The go! Program is a corporate initiative to fund efforts in the communities where ecmc group, inc.
Education Innovation Ventures
Education innovation ventures (eiv) makes below-market-rate investments into nonprofit and for-profit ventures that seek to generate both social impact and financial returns. Complementing ecmc foundation's strategic grantmaking, the eiv program uses a full spectrum of program-related investments, including debt and equity instruments…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.3M | $12.5M |
| InvestmentsLn 11–13 | $1.69B | $1.94B |
| Land, buildings, equipmentLn 10c | $102K | $191K |
| Total assetsLn 16 | $1.70B | $1.95B |
| LiabilitiesLn 26 | $38.7M | $49.9M |
| Net assetsLn 32 | $1.66B | $1.90B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $60.6M | $60.6M | ||
| Pay of current officers, directors and key staffLn 5 | $915K | $915K | ||
| Other salaries and wagesLn 7 | $6.6M | $5.4M | $1.2M | |
| Pension plan contributionsLn 8 | $279K | $230K | $49K | |
| Other employee benefitsLn 9 | $753K | $619K | $135K | |
| Payroll taxesLn 10 | $390K | $321K | $69K | |
| Legal feesLn 11b | $110K | $3K | $107K | |
| Accounting feesLn 11c | $47K | $47K | ||
| Investment management feesLn 11f | $355K | $355K | ||
| Other fees for servicesLn 11g | $3.3M | $2K | $3.3M | |
| Office expensesLn 13 | $553K | $394K | $159K | |
| Information technologyLn 14 | $353K | $252K | $102K | |
| OccupancyLn 16 | $717K | $510K | $207K | |
| TravelLn 17 | $783K | $783K | ||
| Conferences, conventions and meetingsLn 19 | $518K | $369K | $149K | |
| Depreciation, depletion and amortizationLn 22 | $174K | $124K | $50K | |
| InsuranceLn 23 | $169K | $169K | ||
| Other expenses (24a–d)Ln 24 | $17K | $438 | $17K | |
| All other expensesLn 24e | $262 | $262 | ||
| Total functional expensesLn 25 | $76.6M | $68.9M | $7.8M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $82.6M | $76.6M | $5.9M | $1.9B | 990 PDF |
| FY2023 | $58.2M | $65.7M | −$7.4M | $1.7B | 990 PDF |
| FY2022 | $501.7M | $47.0M | $454.7M | $1.5B | 990 PDF |
| FY2021 | $46.9M | $48.1M | −$1.3M | $1.1B | 990 PDF |
| FY2020 | $47.0M | $56.9M | −$9.9M | $802.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $82,572,335 revenue, 12 lines filed
Part VI · Governance 8 of 9 board members independent, no flags
Part VIII · Statement of revenue $82,572,335 across 5 lines filed
Part IX · Statement of functional expenses $76,633,109 across 19 lines filed
Part X · Balance sheet $1,951,301,209 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,901,376,836 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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