Ecmc Foundation
Ecmc Foundation reported $82.6 million in revenue and $76.6 million in expenses for calendar year 2024. Of every $100 it spent, $89.85 went to program services, $10.15 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.4% of the total. The highest compensation it reported for one person was $1,503,752 (PRESIDENT & CEO, ECMC GROUP). 19 people received more than $100,000 in reportable compensation. Revenue rose 90% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $77MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $83MInvestment income was negative: −$363K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,503,752 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.96% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 19 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 297.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseStrategic 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. Initiatives are focused on addressing students' basic needs, elevating career & technical education leadership, improving the impact of higher education among underserved populations, and strengthening transfer pathways and credit mobility. Each initiative has a theory of action and learning and evaluation framework and is guided by…
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. Employees live and work. In 2024, Ecmc Foundation awarded grants ranging from $5,000 to $20,000 each to 111 organizations for a total of over $1 million. The discretionary grant program provides the board of directors, ecmc group executive and senior…
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO, ECMC GROUP Director/trustee, 0.00 hrs/week | $0 | $1,373,427 | $130,325 | $1,503,752 |
| CFO & TREASURER Officer, 0.00 hrs/week | $0 | $903,005 | $108,170 | $1,011,175 |
| PRESIDENT, ECMC FOUNDATION Officer, 40.00 hrs/week | $599,858 | $0 | $66,416 | $666,274 |
| GENERAL COUNSEL & CORP SECRETARY Officer, 0.00 hrs/week | $0 | $520,510 | $91,781 | $612,291 |
| VP, FDN PROGRAMS & STRATEGY-THRU 8/2 Officer, 40.00 hrs/week | $217,353 | $0 | $31,820 | $249,173 |
| MANAGING DIRECTOR Highest compensated employee, 40.00 hrs/week | $190,506 | $0 | $56,119 | $246,625 |
| SR DIR, PROGRAM MANAGEMENT Highest compensated employee, 40.00 hrs/week | $208,014 | $0 | $28,765 | $236,779 |
| SR DIR, PROGRAM MANAGEMENT Highest compensated employee, 40.00 hrs/week | $202,677 | $0 | $26,667 | $229,344 |
19 people received more than $100,000 in reportable compensation from Ecmc Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $915K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 529
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| INDIGO EVENTS LLC Consulting services | $1,015,266 |
| HCM STRATEGISTS LLC Consulting services | $203,789 |
| RESEARCH FOR ACTION INC Professional services | $156,600 |
| NORC Consulting services | $148,618 |
| PUBLIC PROFIT Professional services | $124,750 |
Individuals listed as contractors are left out. 9 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Ecmc Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ecmc Foundation, you can publish a response that is linked from this page.
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Of every $100 Ecmc Foundation spent in 2024, $89.85 went to programs. The full breakdown, from its IRS Form 990:
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- Gordon CollegeWenham, MA · revenue $83M · programs 84.8% · FY2025
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Questions people ask
How much of Ecmc Foundation's spending goes to programs?
In calendar year 2024, Ecmc Foundation reported that 89.9% of its $76.6 million in expenses went to program services, 10.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Ecmc Foundation pay its top executive?
The largest total compensation Ecmc Foundation reported for one person in calendar year 2024 was $1,503,752, for the role of PRESIDENT & CEO, ECMC GROUP (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ecmc Foundation get its money?
Of $82.6 million in revenue in calendar year 2024, 100.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Ecmc Foundation a registered charity?
The IRS lists EIN 41-1990628 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533199349301973 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443199349312634 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323189349316582 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233149349307673 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113139349305581 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033179349309098 · read the filing
All filings for EIN 41-1990628: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.