Ecmc Foundation
111 Washington Ave s1400, Minneapolis, MN · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $82,572,335 | $76,633,109 | $1,901,376,836 |
| FY2023 | $58,219,618 | $65,662,081 | $1,660,082,479 |
| FY2022 | $501,684,291 | $46,971,911 | $1,546,737,749 |
| FY2021 | $46,859,234 | $48,143,092 | $1,062,119,827 |
| FY2020 | $47,003,551 | $56,945,474 | $802,327,937 |
| FY2019 | $43,379,508 | $42,333,771 | $692,273,903 |
| FY2018 | $36,298,841 | $41,421,986 | $712,422,183 |
| FY2017 | $30,386,184 | $27,378,634 | $738,262,773 |
| FY2016 | $276,794,659 | $31,176,926 | $638,826,408 |
| FY2015 | $115,486,032 | $17,342,876 | $358,901,626 |
| FY2014 | $151,333,024 | $3,479,876 | $266,489,189 |
| FY2013 | $153,847,029 | $101,143,214 | $110,598,090 |
| FY2012 | $53,512,331 | $2,886,329 | $56,142,608 |
| FY2011 | $65,056,404 | $64,184,404 | $5,516,606 |
Form 990 filings
The returns filed by Ecmc Foundation (EIN 41-1990628), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of listed sources |
|---|---|---|
| Contributions & grants | $82,935,000 | 100% |
| Program service revenue | $0 | 0% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $68,856,249 | 90% |
| Management & general | $7,776,860 | 10% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants was the largest of the listed revenue sources in FY2024.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2024. That is higher than 71.2% of 73 Education organizations in MN.
- Net assets covered about 297.7 months of expenses at the end of the reporting year. That puts it in the 98th percentile among 1313 Education organizations in MN.
- Total revenue was higher than 98.9% of 1323 Education organizations in MN.
- Total revenue rose from $65,056,404 in FY2011 to $82,572,335 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2018, FY2020, FY2021, FY2023).
- The highest revenue on record here is $501,684,291 in FY2022.
- Net assets grew from $5,516,606 to $1,901,376,836 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IMPROVE HIGHER EDUCATION FOR CAREER SUCCESS AMONG UNDERSERVED POPULATIONS THROUGH EVIDENCE-BASED INNOVATION.
IRS status
| Ruling year | 2001 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B02 — Education (in MN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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