Ecmc Foundation
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Provides grants and investments to innovative programs and ventures that improve college graduation rates and career success for underserved students and jobseekers. For fiscal year 2024 it reported $82.6M in revenue, $76.6M in expenses, and $1.9B in net assets.Pt I
Summary of the Filing
Where the work happens
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…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Jacob Fraire’s $600K as President, Ecmc Foundation is at the 94th percentile of top reported officer pay among 3682 $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 | — | — |
| Peter J Taylor | — | — | — | $679,533 | $573,155 |
| Jacob Fraire | $599,858 | $433,420 | — | — | — |
| Peter Taylor | $41,750 | $447,382 | — | — | — |
| Lynn Alvarez | $217,353 | $324,967 | $310,045 | — | — |
| Lynn Alvarez | — | — | — | $302,089 | $300,412 |
| Jennifer Zeisler | $208,014 | $202,400 | — | — | — |
| Sarah Belnick | $202,677 | $181,697 | $169,273 | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 90% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 42% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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