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research dossier

ECONOMIC MOBILITY CORPORATION

NEW YORK, NY · EIN 208720134 · Form 990 · FY2024 · NTEE P02 · Human Services · Small ($100K-$1M) · economicmobilitycorp.org
revenue
$681K
expenses
$738K
net assets
$3.2M
employees
2
volunteers
4
program ratio
86%
mission · from form 990

RESEARCH, EVALUATION AND TECHNICAL ASSISTANCE TO POLICY MAKERS AND PROVIDERS OF SERVICES TO ASSIST WITH SKILLS TRAINING, CAREER DEVELOPMENT AND EMPLOYMENT OF LOW INCOME AND MARGINALIZED POPULATIONS.

profile · synthesized from sources

ECONOMIC MOBILITY CORPORATION conducts rigorous research and evaluation to assess the effectiveness of workforce development programs serving low-income and marginalized populations. The organization specializes in randomized control trials and long-term impact studies, focusing on skills training, career development, and employment outcomes. Its work informs policy makers and service providers across the United States.

named programs · 6 · from sources

What they call their work

Financial Opportunity Centers Evaluation
Interim evaluation of LISC’s initiative to improve credit and financial outcomes for low-income individuals.
JVS Boston English for Advancement Evaluation
Evaluated the impact of English language training on employment and earnings outcomes for adult learners.
Partnerships for Skills Gains
Identified and analyzed employer-workforce organization partnerships investing in frontline worker skill development.
Project QUEST Evaluation
Ongoing randomized control trial evaluating the long-term earnings and educational impacts of Project QUEST, a workforce development program for low-income individuals.
Subsidized Employment Programs Evaluation
Assessed five ARRA-funded subsidized employment programs to measure employment, earnings gains, and employer benefits.
Year Up Evaluation
Conducted longitudinal evaluation of Year Up’s workforce program for young adults, measuring earnings gains and job placement in targeted sectors.
activities · 3 groups

What they do

  • Program Evaluation and Impact Research 1 activity
    • Conducts rigorous research and evaluation of workforce development programs
      Conducts mixed-methods research and evaluation, including randomized controlled trials, to assess the effectiveness of workforce development programs and understand mechanisms of impact. Examples include long-term evaluations of Project QUEST, JVS Boston’s English for Advancement program, and ARRA-funded subsidized employment programs, with findings demonstrating statistically significant earnings gains for participants.
  • Workforce Readiness Training 1 activity
    • Partners to deliver workforce training programs for low-income and non-traditional populations
      Helps over 10,000 individuals, primarily low-income and non-traditional students (including those needing remedial education or aged 25+), complete workforce training programs in partnership with local community colleges. Focuses on supporting participants into postsecondary credentials and employment in in-demand fields such as healthcare.
  • Workplace DEI Research and Training 1 activity
    • Provides technical assistance and capacity building to workforce organizations
      Provides technical assistance to workforce development organizations to improve program design, performance measurement, and understanding of success factors. Also recommends rigorous evaluations, including randomized controlled trials, that have led to demonstrated large earnings impacts in multiple programs.
financials · form 990 · fy2024
revenue
Total revenue$681K
Contributions & grants$635K93%
Program service revenue$00%
Investment income$46K7%
Other revenue$0
expenses
Total expenses$738K
Program expenses86%
Admin / overhead10%
Fundraising3%
Salaries & benefits$469K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$3.36M
Cash$1.15M
Investments$0
Liabilities$210K
Net assets$3.15M
Liquid reserves18.6 mo
6 years on record · 2019–2024 · YoY revenue -52.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 2
NameTitleHours/wkCompensation
MARK ELLIOTT PRESIDENT 40 $236K
ANNE RODER VP & SEC/VP FOR RESEARCH & EVALUATION 40 $199K
board members · 4
  • CYNTHIA SHOSS — CHAIR OF THE BOARD
  • MARY PENA — DIRECTOR
  • PAUL OSTERMAN — DIRECTOR
  • PLINIO AYALA — TREASURER
relationships · 33

Who they work with

  • Army Wounded Warriors Partner — Collaborated with Economic Mobility Corporation to co-design the Wounded Warrior Careers initiative.
  • Charles Stewart Mott Foundation Funder — Funded the Sectoral Employment Initiative, which P/PV evaluated and reported on.
  • City of New York Government — Served as Deputy Budget Director under Mayors Koch and Dinkins.
  • Creating IT Futures Foundation (COMPTIA) Partner — Worked with Economic Mobility Corporation on program evaluation and performance improvement.
  • DC Central Kitchen Partner — Worked with Economic Mobility Corporation on program evaluation and performance improvement.
  • Ford Foundation Funder — Served as program officer responsible for economic development and housing portfolios.
  • JVS Boston Partner — Partner organization whose English for Advancement program was evaluated
  • JVS Boston Partner — Partner organization whose English for Advancement program was evaluated by Economic Mobility Corporation.
  • JVS Boston Partner — Partner organization whose English for Advancement program was evaluated for earnings impacts.
  • JVS Boston Partner — Partner organization whose English for Advancement program was evaluated in a randomized control trial.
  • JVS-Boston Partner — Recommended by Economic Mobility Corporation for randomized controlled trial evaluation; demonstrated significant earnings impacts.
  • LISC Partner — Partner organization whose Financial Opportunity Centers initiative was evaluated for employment and credit outcomes.
  • LISC Partner — Partner organization whose Financial Opportunity Centers were evaluated
  • National Organization on Disability Partner — Collaborated with Economic Mobility Corporation to co-design the Wounded Warrior Careers initiative.
  • New York City Workforce Development Board Government — Member of the Executive Committee.
  • Per Scholas Partner — Worked with Economic Mobility Corporation on program evaluation and performance improvement.
  • Project QUEST Partner — Conducted a randomized controlled trial evaluation of Project QUEST's workforce training program.
  • Project QUEST Partner — Partner organization delivering workforce training; evaluated by Economic Mobility Corporation
  • Project QUEST Partner — Partner organization evaluated by Economic Mobility Corporation for long-term workforce training impacts.
  • Project QUEST Partner — Partner organization evaluated through long-term randomized controlled trials on workforce development outcomes.
  • Project QUEST Partner — Partner organization whose sector-based training model and outcomes were evaluated in a randomized-controlled trial.
  • Project QUEST Partner — Recommended by Economic Mobility Corporation for randomized controlled trial evaluation; demonstrated significant earnings impacts.
  • Public/Private Ventures Partner — Former leadership role where efforts in workforce development were launched and research on national initiatives was managed.
  • US Department of Labor Government — Commissioned P/PV to evaluate the use of National Emergency Grant funds in Chinatown after September 11th.
  • Wisconsin Regional Training Partnership Partner — Recommended by Economic Mobility Corporation for randomized controlled trial evaluation; demonstrated significant earnings impacts.
  • Year Up Partner — Partner organization evaluated for earnings gains among young adult participants in workforce training programs.
  • Year Up Partner — Worked with Economic Mobility Corporation on program evaluation and performance improvement.
  • employers Partner — Collaborates with employers to identify and support skills upgrading for frontline workers.
  • foundations Partner — Partners with foundations to design and evaluate economic mobility programs.
  • government agencies Partner — Partners with government agencies to design and evaluate economic mobility programs.
+ 3 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Evidence-Based Program Design and Evaluation
    methodology: evidence-based program evaluation
    By using rigorous evaluation methods like randomized controlled trials and mixed-methods research, we identify effective workforce development models and refine program design, because causal evidence ensures that policies and programs generate real economic mobility.
  • Integrated Support Services Model
    methodology: integrated-workforce-development
    By combining financial aid, career coaching, English-language instruction, and credit/financial health support with skills training, we increase participant persistence and success, because non-academic barriers such as childcare, debt, and transportation disproportionately hinder low-income adults’ ability to complete training and secure stable employment.
  • Long-Term Skills Training for Economic Mobility
    methodology: long-term-skills-training-for-economic-mobility
    By investing in long-term skills training aligned with high-demand sectors, we produce sustained employment and earnings gains for low-income individuals, because short-term training fails to confer durable labor market advantages and economic resilience.
  • Pay for Success Financing
    methodology: pay-for-success
    By using Pay for Success financing models, we align funding with demonstrated employment and earnings outcomes, because tying financial returns to impact encourages investment in high-performing programs and reduces risk for public funders.
  • Sector-Based Workforce Development
    methodology: sectoral-employment
    By aligning training programs with local labor market needs in high-growth sectors, we improve employment outcomes for low-income workers, because sector-specific skills are more readily absorbed into the workforce and lead to higher-wage jobs.