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
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
22 people listed on the 990; $2.1M 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.
See Ecmc Foundation executive salaries →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.
Strategically Responsive Grantmaking
Ecmc foundation aims to drive systemic change, getting at the root causes of complex challenges in higher education, not just the symptoms. This may mean tackling the biases, institutional, system-level or state or federal policies, resource allocation and flows, and financial and life circumstances that create barriers to success for…
Basic Needs
The basic needs initiative focuses on providing access to basic needs, such as food, housing, childcare, mental health, financial assistance and transportation, which is critical for ensuring strong academic performance, increasing persistence and graduation, and improving wellbeing among students in postsecondary education.
Single Mother Student Success
The single mother student success initiative ensures that single mothers can pursue their educational dreams and produce measurable progress on racial and gender equity, not just in higher education, but in society as a whole, reducing poverty and boosting economic mobility.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $12.2M | $5.3M |
| InvestmentsLn 11–13 | $1.56B | $1.69B |
| Land, buildings, equipmentLn 10c | $134K | $102K |
| Total assetsLn 16 | $1.58B | $1.70B |
| LiabilitiesLn 26 | $29.2M | $38.7M |
| Net assetsLn 32 | $1.55B | $1.66B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $53.2M | $53.2M | ||
| Pay of current officers, directors and key staffLn 5 | $1.5M | $1.5M | ||
| Other salaries and wagesLn 7 | $5.5M | $5.3M | $186K | |
| Pension plan contributionsLn 8 | $225K | $218K | $8K | |
| Other employee benefitsLn 9 | $490K | $473K | $17K | |
| Payroll taxesLn 10 | $297K | $287K | $10K | |
| Legal feesLn 11b | $349K | $349K | ||
| Accounting feesLn 11c | $45K | $45K | ||
| Investment management feesLn 11f | $555 | $555 | ||
| Other fees for servicesLn 11g | $2.2M | $2.2M | ||
| Office expensesLn 13 | $357K | $300K | $57K | |
| Information technologyLn 14 | $284K | $237K | $48K | |
| OccupancyLn 16 | $357K | $297K | $60K | |
| TravelLn 17 | $566K | $566K | ||
| Conferences, conventions and meetingsLn 19 | $70K | $58K | $12K | |
| Depreciation, depletion and amortizationLn 22 | $95K | $79K | $16K | |
| InsuranceLn 23 | $79K | $79K | ||
| Other expenses (24a–d)Ln 24 | $50 | $50 | ||
| All other expensesLn 24e | $38K | $38K | ||
| Total functional expensesLn 25 | $65.7M | $60.5M | $5.2M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 15, 2025 | $82.6M | $76.6M | $5.9M | $1.9B | 990 PDF |
| FY2023 ViewingFiled with the IRS Nov 14, 2024 | $58.2M | $65.7M | −$7.4M | $1.7B | 990 PDF |
| FY2022Filed with the IRS Nov 14, 2023 | $501.7M | $47.0M | $454.7M | $1.5B | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $46.9M | $48.1M | −$1.3M | $1.1B | 990 PDF |
| FY2020Filed with the IRS Nov 9, 2021 | $47.0M | $56.9M | −$9.9M | $802.3M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $58,219,618 revenue, 12 lines filed
Part VI · Governance 8 of 9 board members independent, no flags
Part VIII · Statement of revenue $58,219,618 across 6 lines filed
Part IX · Statement of functional expenses $65,662,081 across 19 lines filed
Part X · Balance sheet $1,698,761,256 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,660,082,479 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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