Ecmc Foundation

Ecmc Foundation Overview

Ecmc Foundation is located in Minneapolis, MN. The organization was established in 2001. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2019, Ecmc Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Ecmc Foundation generated $43.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $42.3m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Ecmc Foundation has awarded 656 individual grants totaling $140,824,189. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

ECMC FOUNDATION IS A GRANTMAKING FOUNDATION FOCUSED ON IMPROVING THE EDUCATIONAL OUTCOMES OF UNDERSERVED YOUTH THROUGH EVIDENCE-BASED INNOVATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLEGE SUCCESS. THE FOUNDATION SUPPORTS TWO FOCUS AREAS: COLLEGE SUCCESS AND CAREER READINESS; AND USES A SPECTRUM OF FUNDING STRUCTURES, INCLUDING STRATEGIC GRANTMAKING AND PROGRAM-RELATED INVESTMENTS. IN 2019 THE FOUNDATION MADE GRANTS AND INVESTMENTS TO 290 ORGANIZATIONS (INCLUDING 175 NEW GRANTEES) IN 33 STATES. THE COLLEGE SUCCESS FOCUS AREA SEEKS TO INCREASE PERSISTENCE AND GRADUATION RATES OF STUDENTS WHO FACE SYSTEMIC CHALLENGES IN EARNING A BACHELOR'S DEGREE. THESE STUDENTS INCLUDE, BUT ARE NOT LIMITED TO, FIRST-GENERATION COLLEGE STUDENTS, STUDENTS FROM LOW-INCOME BACKGROUNDS AND STUDENTS OF COLOR. UNDERSTANDING THAT MANY STUDENTS BEGIN THEIR POSTSECONDARY PATHWAYS AT COMMUNITY COLLEGES, ECMC FOUNDATION ACTIVELY ENGAGES IN OPPORTUNITIES TO INVEST IN TRANSFER SUCCESS.


CAREER READINESS. THE FOUNDATION SUPPORTS TWO FOCUS AREAS: COLLEGE SUCCESS AND CAREER READINESS; AND USES A SPECTRUM OF FUNDING STRUCTURES, INCLUDING STRATEGIC GRANTMAKING AND PROGRAM-RELATED INVESTMENTS. IN 2019 THE FOUNDATION MADE GRANTS AND INVESTMENTS TO 290 ORGANIZATIONS (INCLUDING 175 NEW GRANTEES) IN 33 STATES. THE CAREER READINESS FOCUS AREA IS COMMITTED TO IMPROVING POSTSECONDARY CAREER AND TECHNICAL EDUCATION (CTE) OUTCOMES FOR STUDENTS FROM UNDERSERVED BACKGROUNDS. GRANTS MADE AS PART OF THE CAREER READINESS FOCUS AREA TYPICALLY FUND INTERMEDIARIES, INSTITUTIONS OR ORGANIZATIONS THAT ARE SUPPORTING, IMPLEMENTING, RESEARCHING OR EVALUATING CREDIT-BEARING POSTSECONDARY PATHWAYS FOR ADULT LEARNERS THAT LEAD TO ACADEMIC CREDENTIALS AND PROVIDE A PATHWAY TO CAREERS PAYING FAMILY-SUSTAINING WAGES.


EDUCATION INNOVATION VENTURES. THE FOUNDATION SUPPORTS TWO FOCUS AREAS: COLLEGE SUCCESS AND CAREER READINESS; AND USES A SPECTRUM OF FUNDING STRUCTURES, INCLUDING STRATEGIC GRANTMAKING AND PROGRAM-RELATED INVESTMENTS. IN 2019 THE FOUNDATION MADE GRANTS AND INVESTMENTS TO 290 ORGANIZATIONS (INCLUDING 175 NEW GRANTEES) IN 33 STATES. ECMC FOUNDATION'S EDUCATION INNOVATION VENTURES (EIV) PROGRAM 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-TO IMPROVE EDUCATIONAL OUTCOMES AND ECONOMIC MOBILITY AMONG LEARNERS FROM UNDERSERVED BACKGROUNDS. FINANCIAL RETURNS ARE REINVESTED INTO ADDITIONAL PROGRAM-RELATED INVESTMENTS, ALLOWING ECMC FOUNDATION TO RECYCLE INVESTMENT DOLLARS AND GENERATE FURTHER POSITIVE IMPACT ON LEARNERS' LIVES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Ecmc Foundation Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former Director Not Paid By Foundation
$0

Ecmc Foundation Vendors

Vendor Name (Service)Compensation
Chloe Capital Spv Manager Llc
Consulting Services
$319,500
The Fairmont Washington Dc
Professional Services
$124,192
Entangled Solutions Llc
Consulting Services
$105,527
Norc At The University Of Chicago
Consulting
$120,412
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $377,828
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $42,500,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $43,379,508

Ecmc Foundation Grants Awarded

Over the last fiscal year, Ecmc Foundation has awarded $36,616,283 in support to 163 organizations.

Grant RecipientAmount

ECMC EDUCATION INC (FORMERLY ZENITH EDUCATION GROUP INC)

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: Mission & Career Readiness

$5,000,000

EDUCATIONAL CREDIT MANAGEMENT CORPORATION

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: College Success

$2,256,993

WOODROW WILSON NATIONAL FELLOWSHIP FOUNDATION

Org PageRecipient Profile

Princeton, NJ

PURPOSE: Career Readiness/Leadership Collaborative

$2,050,314

PRESIDENTS AND FELLOWS OF HARVARD COLLEGE

Org PageRecipient Profile

Cambridge, MA

PURPOSE: College Success/Leadership Collaborative

$1,849,920

RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK

Org PageRecipient Profile

New York, NY

PURPOSE: Career Readiness & College Success

$1,137,214

WORLD EDUCATION INC

Org PageRecipient Profile

Boston, MA

PURPOSE: Career Readiness

$1,128,226
View Grant Profile

Ecmc Foundation Grants Recieved

Over the last fiscal year, we have identified 2 grants that Ecmc Foundation has recieved totaling $60,250.

Awarding OrganizationAmount
Judges And Lawyers Breast Cancer Alert Inc

New York, NY

PURPOSE: SUPPORT MAMMOGRAM SCREENINGS FOR UNDERINSURED AND UNINSURED WOMEN.

$60,000
The Chazen Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$250
View Grant Recipient Profile

Create an account to unlock the data you need.

or