EIN 41-1990628

ECMC Foundation

IRS 501(c) type
501(c)(3)
Num. employees
25
Year formed
2000
Most recent tax filings
2023-12-01
Description
The ECMC Foundation seeks to improve higher education and career success among underserved populations through evidence-based innovation. Its college success focus area aims to increase persistence and graduation rates of students who face systemic challenges in earning a bachelor's degree, while its career readiness focus area supports innovative approaches and promising practices to improve the success of students from underserved backgrounds seeking academic credentials in postsecondary career and technical education (CTE) programs.
Related structure
ECMC Foundation is a subordinate organization under ECMC Group.
Total revenues
$58,219,618
2023
Total expenses
$65,662,081
2023
Total assets
$1,698,761,256
2023
Num. employees
25
2023

Program areas at ECMC Foundation

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 underserved learners.in addition to the five primary program initiatives, Ecmc Foundation makes grants and investments through an open letter of inquiry process. As Ecmc Foundation pursues systemic change in the postsecondary ecosystem, it remains committed to funding evidence-based innovation with the flexibility to adapt as the higher education landscape evolves. Ecmc Foundation reserves funding for projects that do not fit within one of the established initiatives but are connected to one or more of its strategic priorities.
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. Elements of Ecmc Foundation's strategy include conducting research to better understand the experience of single mother students, building the capacity of community colleges to provide more comprehensive services, expanding partnerships with community-based organizations and building public will for single mother student success through increased awareness of supportive strategies and policies. In 2023, Ecmc Foundation made 12 grants totaling $4.9 million.
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. The basic needs initiative developed a new strategy and produced a theory of action to realize an ambitious goal to decrease the percentage of postsecondary students experiencing basic needs insecurity by 10% by 2033. The basic needs initiative now prioritizes funding high-impact solutions within three strategic areas: growing data capacity, scaling effective practices and informing policy reform.
Men of color:the men of color initiative is committed to bringing focus to colleges and universities adopting data-informed and equity-centered programs and practices to better serve college students who are men of color. The initiative aims to strengthen programs and improve student outcomes, promote culture change in higher education institutions and advance field-building efforts to inform and address equity gaps. The initiative's first year included extensive structuring and strategizing as Ecmc Foundation funded innovative new projects.
Career and technical education leadership collaborative (cte lc):the cte lc initiative is committed to bringing together diverse perspectives and equips postsecondary career and technical education leaders with the tools, resources and skills needed to advance the field. Through grants made to leading organizations and institutions, Ecmc foundation-funded fellowship programs offer professional development to leaders known as Ecmc Foundation fellows (fellows), including in-person and virtual events; writing and presenting opportunities; and capstone projects. In 2023, the cte lc fellow community grew to more than 300 fellows. Ecmc Foundation also began the fellow spotlight series, which showcases past and current fellows' ongoing engagement with postsecondary cte and their diverse perspectives on the field. The cte lc includes the annual cte lc convening, where fellows meet to learn and innovate together, enhancing on-the-job performance and potential for promotions, publications, and other professional achievements.
Transfer and credit mobility:the transfer and credit mobility initiative identifies and supports effective and equitable transfers of credits between and among all postsecondary education institutions, including career and technical education programs, community colleges and four-year institutions. The transfer and credit mobility initiative grew out of Ecmc Foundation's previous catalyzing transfer initiative that tackled issues of student and credit mobility, totaling $23 million between 2015 and 2022. The initiative makes grants in three key areas: technology-enabled solutions (including machine learning and artificial intelligence) that give students greater agency in initiating and managing their educational journey, institutional incentives that create positive transfer-affirming campus cultures and effective state policymaking that better support transfer students.
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, to provide catalytic, risk capital to early-stage ventures working to increase postsecondary educational outcomes and economic mobility among learners and jobseekers from systemically disadvantaged backgrounds. Financial returns are reinvested into additional program-related investments, allowing Ecmc Foundation to recycle investment dollars to fund further impact initiatives and drive changes in economic mobility for learners and jobseekers. In 2023, eiv invested nearly $3.9 million across 8 pre-seed and seed-stage ventures, 1 nonprofit and 2 funds working to remove financial barriers for students.
Go! Program: Ecmc Foundation awards grants to the generating outcomes (go!) Program, a corporate initiative to fund education innovation by funding ideas and partnerships that can be examined for effectiveness in the local communities of the Ecmc group, inc. employees. To qualify for payment of a go! Program grant, the awarded recipient must be a third-party nonprofit entity or a governmental partner, such as public schools, and expend the grant award for the purpose designated in the recipient's grant proposal. In 2023, Ecmc Foundation awarded grants ranging from $5,000 to $20,000 each to 98 organizations for a total of $1 million.

Grants made by ECMC Foundation

GranteeGrant descriptionAmount
Educational Credit Management CorporationProject Success$2,000,000
Achieving the DreamSingle Mother Student Success, Men of Color, Program Support$1,757,091
ECMC GroupQuestion the Quo, General Support$1,682,000
...and 184 more grants made totalling $48,566,596

Who funds ECMC Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
ECMC GroupGeneral Support$58,528,000

Personnel at ECMC Foundation

NameTitleCompensation
Daniel FisherPresident and Chief Executive Officer , Ecmc Group / GRP President and Chief Executive Officer / Group General Counsel and Corporate Secretary / General Counsel and Corporate Secretary / Secretary and General Counsel$0
Martin A ScanlonChief Financial Officer and Treasurer$0
Jessica HaseltonManaging Director$175,243
Kari SuzukiDirector of Operations
Joanna RosenthalDirector , Communications / Communications Director$186,076
...and 11 more key personnel

Financials for ECMC Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$58,528,000
Program services$0
Investment income and dividends$514,084
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-825,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,534
Total revenues$58,219,618

Form 990s for ECMC Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-14990View PDF
2021-122022-11-10990View PDF
2020-122021-11-09990View PDF
2019-122021-03-02990View PDF
...and 10 more Form 990s
Data update history
January 8, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 3, 2025
Used new vendors
Identified 2 new vendors, including , and
October 31, 2024
Updated personnel
Identified 5 new personnel
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 11, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsChapter / child organizationsCharities
Issues
Education
Characteristics
Management and technical assistanceTax deductible donationsAccepts online donations
General information
Address
111 Washington Ave So 1400
Minneapolis, MN 55401
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Website URL
ecmcfoundation.org/who-we-are/about 
Phone
(651) 221-0566
IRS details
EIN
41-1990628
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2000
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B02: Education Management and Technical Assistance
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0193727
FTB Entity ID
3542904
AB 488 data last updated ("as-of") date
2025-02-19
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