2024-11-14T15:26:58-06:00 2023-12-31 135565207 KPMG LLP 350 N 5TH ST SUITE 600 MINNEAPOLIS MN 55401 990 2023-01-01 411991995 ECMC GROUP INC ECMC 6512210566 111 WASHINGTON AVE SO 1400 MINNEAPOLIS MN 55401 MARTIN A SCANLON CFO & TREASURER 6512210566 2024-11-14 1 0 HOLLY K MOEN P01800653 6123055000 2024-11-14 2023 2024-10-15 13:58:12Z DANIEL S FISHER 111 WASHINGTON AVE SO 1400 MINNEAPOLIS MN 55401 6083865754 0 X WWW.ECMCGROUP.ORG X 2000 DE TO HELP STUDENTS SUCCEED BY CREATING, PROVIDING AND INVESTING IN INNOVATIVE EDUCATIONAL OPPORTUNITIES. 9 8 233 0 8000693 843646 248434497 266820829 110098286 191870698 101941700 4573551121 6856021 9321612 467330504 5041564260 528902334 93361722 0 0 15651045 11792601 0 0 0 135624289 163987204 680177668 269141527 -212847164 4772422733 5422363648 5293474958 4273162854 4017358201 1149200794 1276116757 X ECMC GROUP, INC'S MISSION IS TO HELP STUDENTS SUCCEED BY CREATING, PROVIDING AND INVESTING IN INNOVATIVE EDUCATIONAL OPPORTUNITIES. 0 0 153559210 0 191870698 LOAN PORTFOLIO SERVICING:ECMC GROUP, INC. AND OAKDALE STUDENT LOAN FUNDING,LLC (OAKDALE), A WHOLLY OWNED SUBSIDIARY OF ECMC GROUP, INC., HAVE ELIGIBLE LENDER TRUST (ELT) AGREEMENTS WITH MANUFACTURERS AND TRADERS TRUST COMPANY. MANUFACTURERS AND TRADERS TRUST COMPANY SERVES AS THE ELT FOR ECMC GROUP, INC. AND OAKDALE. THROUGH THE ELTS, ECMC GROUP, INC. AND OAKDALE PURCHASE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) REHABILITATED STUDENT LOANS FROM EDUCATIONAL CREDIT MANAGEMENT CORPORATION, A RELATED ENTITY, AND OTHER GUARANTY AGENCIES IN ORDER TO ENSURE THAT STUDENT LOAN BORROWERS CAN REALIZE THE FULL BENEFITS AFFORDED THEM UNDER 34 CFR SEC. 682.405. (CONTINUED ON SCHEDULE O)PATRIOT STUDENT LOAN CAPITAL, LLC (PATRIOT) HAS INTERIM ELIGIBLE LENDER TRUST AGREEMENTS WITH MANUFACTURERS AND TRADERS TRUST COMPANY. ECMC GROUP STUDENT LOAN TRUST 2016-1 (TRUST 2016-1), ECMC GROUP STUDENT LOAN TRUST 2017-1 (TRUST 2017-1), ECMC GROUP STUDENT LOAN TRUST 2017-2 (TRUST 2017-2), ECMC GROUP STUDENT LOAN TRUST 2018-1 (TRUST 2018-1), ECMC GROUP STUDENT LOAN TRUST 2018-2 (TRUST 2018-2), ECMC GROUP STUDENT LOAN TRUST 2019-1 (TRUST 2019-1), ECMC GROUP STUDENT LOAN TRUST 2020-1 (TRUST 2020-1), ECMC GROUP STUDENT LOAN TRUST 2020-2 (TRUST 2020-2), ECMC GROUP STUDENT LOAN TRUST 2020-3 (TRUST 2020-3) AND ECMC GROUP STUDENT LOAN TRUST 2021-1 (TRUST 2021-1), COLLECTIVELY (THE TRUSTS), HAVE ELIGIBLE LENDER TRUST AGREEMENTS WITH MANUFACTURERS AND TRADERS TRUST COMPANY. MANUFACTURERS AND TRADERS TRUST COMPANY SERVES AS THE INTERIM ELIGIBLE LENDER TRUST (INTERIM ELT) FOR PATRIOT AND AS ELIGIBLE LENDER TRUST (ELT) FOR TRUST 2016-1, TRUST 2017-1, TRUST 2017-2, TRUST 2018-1, TRUST 2018-2, TRUST 2019-1, TRUST 2020-1, TRUST 2020-2, TRUST 2020-3 AND TRUST 2021-1. THROUGH THE INTERIM ELT, PATRIOT PURCHASES FFELP REHABILITATED STUDENT LOANS FROM ECMC GROUP, INC. AND OAKDALE AND RESELLS THE LOANS THROUGH THE ELT TO THE TRUSTS. THE TRUSTS ISSUED CLASS A NOTES SECURED BY THE RESPECTIVE STUDENT LOAN PORTFOLIOS. 92675896 92675896 ECMC GROUP, INC. SUPPORTS THE FURTHERANCE OF THE EXEMPT PURPOSE OF EDUCATIONAL CREDIT MANAGEMENT CORPORATION, ECMC EDUCATION, INC., AND ECMC FOUNDATION BY CREATING, PROVIDING AND INVESTING IN INNOVATIVE EDUCATIONAL OPPORTUNITIES. ECMC GROUP, INC. IS A NONPROFIT CORPORATION WHOSE VISION IS TO EMPOWER UNDERSERVED COMMUNITIES TO THRIVE THROUGH EDUCATION. $18,000,000 CASH CONTRIBUTIONS MADE TO ECMC EDUCATION, INC. TO SUPPORT ITS MISSION TO TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CAREERS AND COMMUNITIES, $959,896 CONTRIBUTION MADE BY ECMC GROUP, INC. ON BEHALF OF ECMC EDUCATION, INC. FOR ACCRUED SECTION 4968 EXCISE TAX ON NET INVESTMENT INCOME OF ECMC GROUP, INC. AND SUBSIDIARIES. $58,528,000 CASH CONTRIBUTIONS MADE TO ECMC FOUNDATION FOR GENERAL SUPPORT OF ITS MISSION TO IMPROVE HIGHER EDUCATION AND CAREER SUCCESS AMONG UNDERSERVED POPULATIONS THROUGH EVIDENCE-BASED INNOVATION. $15,188,000 CASH CONTRIBUTIONS MADE TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION TO SUPPORT ITS MISSION TO PROVIDE FINANCIAL COUNSELING AND EDUCATION TO EMPOWER STUDENTS TO MAKE BETTER CHOICES ABOUT THEIR FUTURES. 684326 684326 0 GRANTS & SPONSORSHIPS:GRANTS AND SPONSORSHIPS SUPPLIED BY ECMC GROUP, INC. TO SCHOOLS AND INDIVIDUALS IN SUPPORT OF ITS TAX-EXEMPT PURPOSE. 273825 1500 0 PUBLIC POLICY:THROUGH THE PUBLIC POLICY PROGRAM, ECMC GROUP, INC. SHARES INFORMATION AMONG ECMC GROUP-RELATED MEMBERS ON LEGISLATIVE PROPOSALS AND GOVERNMENTAL REGULATIONS THAT IMPACT THEIR OPERATIONS. THE PROGRAM ENABLES ECMC GROUP, INC. AFFILIATES TO MONITOR PUBLIC POLICY MATTERS AND PROVIDE NONPARTISAN ANALYSIS AND RESEARCH TO POLICYMAKERS, THOUGHT LEADERS AND THE GENERAL PUBLIC. 273825 1500 0 247193257 1 1 0 1 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 62 0 233 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 9 8 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN X MARTIN A SCANLON 6512210566 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 X DANIEL FISHER PRESIDENT & CEO, ECMC GROUP 40.00 0.00 X X 1268659 0 126730 JAMES V MCKEON BOARD CHAIR 12.00 5.00 X 0 197500 0 DIANA J INGRAM DIRECTOR 7.00 5.00 X 0 151250 0 JACK O'CONNELL DIRECTOR 5.00 5.00 X 0 145000 0 JULIA S GOUW DIRECTOR 5.00 5.00 X 0 155000 0 DEREK LANGHAUSER DIRECTOR 4.00 5.00 X 0 137500 0 JAMES RUNCIE DIRECTOR 7.00 4.00 X 0 128750 0 JENNIFER ANDERSON DIRECTOR 5.00 5.00 X 0 148750 0 K PAUL SINGH DIRECTOR 7.00 5.00 X 0 141875 0 BRIAN BOARDMAN GENERAL COUNSEL & CORP SECRETARY 40.00 0.00 X 453655 0 86354 GREGORY VAN GUILDER CHIEF INVESTMENT OFFICER 40.00 0.00 X 1149769 0 97806 JOSEPH WATT VP, IMPACT INVESTING 40.00 0.00 X 353937 0 34009 MARTIN SCANLON CFO & TREASURER 40.00 0.00 X 918311 0 104819 PHILIP BECKER VP, INVESTMENTS 40.00 0.00 X 531762 0 85078 ADAM TRAMPE VP, DEPUTY GENERAL COUNSEL 40.00 0.00 X 346448 0 68215 BRUCE FEIST VP, APPLICATIONS & ANALYTICS 40.00 0.00 X 400940 0 82872 CHRISTOPHER JANZEN VP, ACADEMIC TECHNOLOGY - PART YEAR 40.00 0.00 X 304915 0 3256 HEIDI JOHNSON CHIEF OF STAFF 40.00 0.00 X 507841 0 89056 HUGH MCSHERRY VP, CORPORATE SERVICES 40.00 0.00 X 331116 0 61513 IRIS CUMBERBATCH SR VP, CORPORATE AFFAIRS 40.00 0.00 X 523304 0 56476 JOHN MCKENNELL CHIEF INFORMATION SECURITY OFFICER 40.00 0.00 X 345175 0 69389 MATTHEW MIKULSKI VP, INTERNAL AUDIT 40.00 0.00 X 293968 0 57669 RAHOUL GHOSE CHIEF INFORMATION OFFICER 40.00 0.00 X 688263 0 100107 SARAH STREHL CHIEF HUMAN RESOURCES OFFICER 40.00 0.00 X 699742 0 96737 STEVE HANSEN VP, IT 40.00 0.00 X 322529 0 58009 TIFFANY THOMPSON VP, FINANCE & CONTROLLER 40.00 0.00 X 327202 0 33781 AARON WOODRICH SR DIR, IT 40.00 0.00 X 245794 0 69830 CASSIE STARK DIR, HUMAN RESOURCES & TALENT 40.00 0.00 X 243269 0 68501 DEAN VANDECOEVERING SR DIR, FINANCE 40.00 0.00 X 262274 0 44854 JAMES FISHER SR DIR, INVESTMENTS 40.00 0.00 X 269097 0 46380 STEVEN HUPERT DIR, IT 40.00 0.00 X 237136 0 71487 JEREMY WHEATON FORMER PRESIDENT & CEO, ECMC GROUP 0.00 0.00 X 1622127 0 0 I KING JORDAN FORMER DIRECTOR 0.00 0.00 X 0 30000 0 JOHN F DEPODESTA FORMER BOARD CHAIR 0.00 0.00 X 0 60000 0 12647233 1295625 1612928 135 1 1 0 NAVIENT SOLUTIONS INC 220 LASLEY AVE WILKES BARRE PA 18706 LOAN PORTFOLIO SERVICING 6116399 AMAZON WEB SERVICES INC PO BOX 84023 SEATTLE WA 98124 IT SERVICE & SUPPORT 3349765 SOLUTION DESIGN GROUP INC 7500 OLSON MEMIORIAL HWY STE 250 GOLDEN VALLEY MN 55427 IT SERVICE & SUPPORT 1691029 CDW PO BOX 75723 CHICAGO IL 60675 IT SERVICE & SUPPORT 1191298 KPMG LLP PO BOX 120922 DALLAS TX 75312 ACCOUNTING 1169230 43 266820829 266820829 STUDENT LOAN PORTFOLIO 900099 191870698 191870698 191870698 4503584389 -763267 4504347656 809773391 302494835 802541458 239760036 7231933 62734799 69966732 2084492 67882240 SERVICE FEES ON TRUST 541610 5752235 5752235 EXCISE TAX REFUNDS 900099 2618501 2618501 ADMINISTRATOR FEES 541610 927233 927233 23643 23643 9321612 5041564260 191870698 8000693 4574872040 93234472 93234472 127250 127250 5210891 5210891 5518333 1683742 3834591 257349 84955 172394 487695 93835 393860 318333 101033 217300 923954 923954 485895 485895 79556 79556 238 238 11646413 7597136 4049277 3387 3387 1546650 53682 1492968 886236 48650 837586 653875 653875 384592 138723 245869 271656 27050 244606 138425639 138425639 5478156 5478156 8094155 8094155 279725 279725 UBI TAX EXPENSE 1466368 1466368 IMPAIRMENT 88136 88136 FILING FEES 5627 5627 DEFERRED TAX ASSET ADJ -6817576 -6817576 84522 19378 65144 269141527 247193257 21948270 0 67232695 32148619 190228631 192123007 7151574 17246124 3001839 9786258 45693857 30864945 25094576 14828912 324915975 434013918 1911377364 2069629882 2848783342 2481748933 26352419 23823395 18225233 18125910 5422363648 5293474958 21659174 19914744 2966952 2885869 377992351 316218000 3870544377 3678339588 4273162854 4017358201 X 1149200794 1276116757 1149200794 1276116757 5422363648 5293474958 X 4772422733 -167327706 -4478179064 X 0 1 X 1 0 X X 1 EDUCATIONAL CREDIT MANAGEMENT CORPORATION 411778617 10 1 0 273825 1 0 273825 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 PART I, LINE 12G, COLUMN (VI): ECMC GROUP, INC. PROVIDED $273,825 OF NONMONETARY SUPPORT TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION FOR PUBLIC POLICY SERVICES RENDERED. PART IV, SECTION A, LINE 5A: IN MARCH 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. WAS APPROVED BY THE BOARD OF DIRECTORS AND ENROLLMENTS WERE NO LONGER ACCEPTED EFFECTIVE IMMEDIATELY. TEACH-OUTS WERE COMPLETED DURING 2023, WITH RELATED EXPENSES BEING SETTLED THROUGH 2027. IN OCTOBER 2023, ECMC GROUP, INC. AMENDED ITS BYLAWS AND ARTICLES OF INCORPORATION TO REMOVE ECMC EDUCATION, INC. (EIN: 47-2237488) AS A SUPPORTED ORGANIZATION BECAUSE ECMC EDUCATION, INC. NO LONGER ENROLLS ANY STUDENTS AND IS IN THE PROCESS OF LIQUIDATING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 81348 0 0 81348 0 SCHEDULE C, PART II-B LINE 1A: GENERAL LOBBYING ACTIVITIES ON LEGISLATIVE ISSUES OF RELEVANCE TO ECMC GROUP, INC. 14756922 8748019 6008903 27207575 18608211 8599364 3729360 3508715 220645 14828912 INV IN ECMC HOLDINGS CORPORATION 98552654 F INV IN OAKDALE INV MGMT CORP 2457348 F ALTERNATIVE INVESTMENTS 1776972038 F DIRECT INVESTMENTS 77342881 F IMPACT INVESTMENTS 114304961 F 2069629882 STUDENT LOAN REC-HELD FOR SALE 13215277 F STUDENT LOAN RECEIABLE-PLEDGED 2468533656 C 2481748933 FOUNDATION DEPOSITS IN ECMC GROUP, INC. APPORTIONED INVESTMENT POOL 1678888241 DEFERRED FINANCING FEES -12640324 OPERATING LEASE 6701097 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2016-1 156848382 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2017-1 205474765 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2017-2 247857425 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2018-1 244035139 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2018-2 175784724 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2019-1 175242276 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2020-1 196586641 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2020-2 200272495 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2020-3 192662973 SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2021-1 210625754 3678339588 X PART X, LINE 2: ECMC GROUP, ECMC, EDUCATION, AND FOUNDATION ARE NONPROFIT 501(C)(3) CORPORATIONS AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. HOLDINGS AND ITS SUBSIDIARIES ARE TAXABLE ENTITIES AND ACCOUNT FOR DEFERRED TAX ASSETS AND LIABILITIES UNDER THE LIABILITY METHOD. DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR TEMPORARY DIFFERENCES THAT WILL RESULT IN TAXABLE AMOUNTS IN FUTURE YEARS. DEFERRED TAX ASSETS ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND TAX OPERATING LOSS AND TAX CREDIT CARRY FORWARDS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. WITH FEW EXCEPTIONS, GROUP IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2019. IN THE EVENT OF ANY CURRENT OR FUTURE TAX ASSESSMENTS, HOLDINGS AND ITS SUBSIDIARIES HAVE ELECTED TO RECORD THE INCOME TAXES AND ANY RELATED INTEREST AND PENALTIES AS INCOME TAX EXPENSE ON GROUP'S CONSOLIDATED STATEMENTS OF ACTIVITIES. SCHEDULE D, PART X, LINE 1: $156,848,382 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2016-1. $205,474,765 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2017-1. $247,857,425 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2017-2. $244,035,139 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2018-1. $175,784,724 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2018-2. $175,242,276 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2019-1. $196,586,641 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2020-1. $200,272,495 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2020-2. $192,662,973 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2020-3. $210,625,754 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2021-1. ECMC GROUP STUDENT LOAN TRUST 2016-1, ECMC GROUP STUDENT LOAN TRUST 2017-1, ECMC GROUP STUDENT LOAN TRUST 2017-2, ECMC GROUP STUDENT LOAN TRUST 2018-1, ECMC GROUP STUDENT LOAN TRUST 2018-2, ECMC GROUP STUDENT LOAN TRUST 2019-1, ECMC GROUP STUDENT LOAN TRUST 2020-1, ECMC GROUP STUDENT LOAN TRUST 2020-2, ECMC GROUP STUDENT LOAN TRUST 2020-3 AND ECMC GROUP STUDENT LOAN TRUST 2021-1, ARE DELAWARE STATUTORY TRUSTS, THAT PURCHASE STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZE THE ASSETS WITH AN ISSUANCE OF DEBT. THE SECURITIZATION USES A TWO-STEP STRUCTURE THAT LEGALLY ISOLATES THE TRANSFERRED ASSETS. THESE TRANSACTIONS ARE ACCOUNTED FOR AS AN ON-BALANCE SHEET SECURED BORROWING. PATRIOT STUDENT LOAN CAPITAL, LLC, A DISREGARDED ENTITY OF ECMC GROUP, INC., HOLDS THE PRIMARY BENEFICIAL INTEREST IN THE TRUST. ECMC GROUP, INC. IS THE PRIMARY BENEFICIARY OF THE SECURITIZATION TRUST AND IS REQUIRED TO CONSOLIDATE THE TRUST. SCHEDULE D, PART X, LINE 1: $1,678,888,241. AT DECEMBER 31, 2023, ECMC FOUNDATION WAS A PARTICIPANT IN THE ECMC GROUP, INC. APPORTIONED INVESTMENT POOL ("APPORTIONED INVESTMENT POOL"). A PORTION OF ECMC GROUP, INC.'S ASSETS ARE HELD IN THE ECMC GROUP, INC. INVESTMENT PORTFOLIO ASSET POOL, WHICH IS MANAGED BY ECMC GROUP, INC. PARTICIPATION IN THE APPORTIONED INVESTMENT POOL IS AVAILABLE TO ECMC GROUP, INC. AND ITS ELIGIBLE SUBSIDIARIES. INVESTMENTS IN THE APPORTIONED INVESTMENT POOL REPRESENT AN OWNERSHIP INTEREST IN THE INVESTMENT POOL, NOT IN THE UNDERLYING ASSETS THEMSELVES, AND ARE GENERALLY REDEEMABLE TO THE ELIGIBLE SUBSIDIARY UPON REQUEST. UNAPPORTIONED INVESTMENTS, NET, ARE NOT SUBJECT TO PARTICIPATION BY ECMC GROUP, INC.'S SUBSIDIARIES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 488562000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 40870000 NORTH AMERICA 0 0 INVESTMENTS 18507000 0 0 0 0 0 0 547939000 0 547939000 1 0 1 1 1 0 1 ANN BANCROFT FOUNDATION 2356 UNIVERSITY AVE W STE 404 ST PAUL MN 55114 411691868 501(C)(3) 25000 0 GENERAL SUPPORT BESTPREP 7100 NORTHLAND CIR N STE 120 BROOKLYN PARK MN 55428 411265355 501(C)(3) 40300 0 PROGRAM SPONSORSHIP CRISTO REY JESUIT HIGH SCHOOL TWIN CITIES 2924 4TH AVE S MINNEAPOLIS MN 55408 204548714 501(C)(3) 47500 0 CORPORATE INTERNSHIP PROGRAM GREATER MINNEAPOLIS CHAMBER DEVELOPMENT FOUNDATION 81 S 9TH ST STE 200 MINNEAPOLIS MN 55402 363468708 501(C)(3) 15000 0 PROGRAM SPONSORSHIP JUNIOR ACHIEVEMENT NORTH 1745 UNIVERSITY AVE W ST PAUL MN 55104 411424988 501(C)(3) 45000 0 PROGRAM SPONSORSHIP JUNIOR ACHIEVEMENT OF SACRAMENTO INC 3800 WATT AVE STE 285 SACRAMENTO CA 95821 946080866 501(C)(3) 10000 0 PROGRAM SPONSORSHIP JUNIOR ACHIEVEMENT OF SOUTHERN CALIFORNIA INC 6250 FOREST LAWN DR LOS ANGELES CA 90068 951799192 501(C)(3) 7500 0 PROGRAM SPONSORSHIP MBP EDUCATION FOUNDATION 80 S 8TH ST STE 4150 MINNEAPOLIS MN 55402 208876254 501(C)(3) 10000 0 GENERAL SUPPORT METROPOLITAN STATE UNIVERSITY FOUNDATION 700 7TH ST E ST PAUL MN 55106 237296162 501(C)(3) 26250 0 SCHOLARSHIP READING PARTNERS TWIN CITIES 2324 UNIVERSITY AVE W STE 105 ST PAUL MN 55114 770568469 501(C)(3) 5266 0 GENERAL SUPPORT UNIVERSITY OF MINNESOTA FOUNDATION 321 19TH AVE S STE 4-300 MINNEAPOLIS MN 55455 416042488 501(C)(3) 217500 0 JOHN DEPODESTA LEADERSHIP PROGRAM & PROGRAM SPONSORSHIP URBAN VENTURES LEADERSHIP FOUNDATION 2924 4TH AVE S MINNEAPOLIS MN 55408 363558710 501(C)(3) 7500 0 PROGRAM SPONSORSHIP AMERICAN RED CROSS 25688 NETWORK PL CHICAGO IL 60673 530196605 501(C)(3) 20000 0 MAUI FIRE DISASTER RELIEF ECMC EDUCATION INC 111 WASHINGTON AVE S STE 1400 MINNEAPOLIS MN 55401 472237488 501(C)(3) 18959896 0 GENERAL SUPPORT ECMC FOUNDATION 111 WASHINGTON AVE S STE 1400 MINNEAPOLIS MN 55401 411990628 501(C)(3) 58528000 0 GENERAL SUPPORT EDUCATIONAL CREDIT MANAGEMENT CORPORATION 111 WASHINGTON AVE S STE 1400 MINNEAPOLIS MN 55401 411778617 501(C)(3) 15188000 0 GENERAL SUPPORT 16 0 ROBERT A. STEIN SCHOLARSHIP 23 127250 PART I, LINE 2: ECMC GROUP, INC. IS THE SOLE MEMBER OF EDUCATIONAL CREDIT MANAGEMENT CORPORATION, ECMC FOUNDATION, ECMC EDUCATION, INC. AND ECMC HOLDINGS CORPORATION AND CLOSELY MONITORS THE USE OF THE CASH GRANT THROUGH REPORTS TO MANAGEMENT AND THE BOARD OF DIRECTORS ON A REGULAR BASIS. THE ROBERT A. STEIN SCHOLARSHIPS LISTED IN PART III ARE ISSUED AS JOINTLY PAYABLE TO THE STUDENT AND THE SCHOOL TO ENSURE THE FUNDS ARE USED FOR EDUCATIONAL EXPENSES. THE INDIVIDUAL SCHOLARSHIPS WERE AWARDED TO FURTHER THE INDIVIDUALS' EDUCATION. X X X 1 1 X X X X 1 1 0 0 1 0 1 0 0 JEREMY WHEATON FORMER PRESIDENT & CEO, ECMC GROUP 0 0 0 0 1622127 0 0 0 0 0 1622127 0 122127 0 DANIEL FISHER PRESIDENT & CEO, ECMC GROUP 565637 0 676489 0 26533 0 91123 0 35607 0 1395389 0 22500 0 GREGORY VAN GUILDER CHIEF INVESTMENT OFFICER 687163 0 411404 0 51202 0 87614 0 10192 0 1247575 0 45000 0 MARTIN SCANLON CFO & TREASURER 417201 0 475795 0 25315 0 74390 0 30429 0 1023130 0 22500 0 SARAH STREHL CHIEF HUMAN RESOURCES OFFICER 329011 0 345405 0 25326 0 59524 0 37213 0 796479 0 22500 0 RAHOUL GHOSE CHIEF INFORMATION OFFICER 319753 0 338689 0 29821 0 60763 0 39344 0 788370 0 19944 0 PHILIP BECKER VP, INVESTMENTS 363279 0 154503 0 13980 0 49195 0 35883 0 616840 0 12952 0 HEIDI JOHNSON CHIEF OF STAFF 237342 0 245155 0 25344 0 49584 0 39472 0 596897 0 11730 0 IRIS CUMBERBATCH SR VP, CORPORATE AFFAIRS 247369 0 249710 0 26225 0 40838 0 15638 0 579780 0 10862 0 BRIAN BOARDMAN GENERAL COUNSEL & CORP SECRETARY 285326 0 160921 0 7408 0 45095 0 41259 0 540009 0 4902 0 BRUCE FEIST VP, APPLICATIONS & ANALYTICS 277113 0 121800 0 2027 0 43400 0 39472 0 483812 0 548 0 ADAM TRAMPE VP, DEPUTY GENERAL COUNSEL 234368 0 105000 0 7080 0 32268 0 35947 0 414663 0 504 0 JOHN MCKENNELL CHIEF INFORMATION SECURITY OFFICER 245581 0 97500 0 2094 0 39386 0 30003 0 414564 0 0 0 HUGH MCSHERRY VP, CORPORATE SERVICES 223674 0 104895 0 2547 0 29103 0 32410 0 392629 0 608 0 JOSEPH WATT VP, IMPACT INVESTING 250000 0 99965 0 3972 0 34009 0 0 0 387946 0 2622 0 STEVE HANSEN VP, IT 226418 0 90956 0 5155 0 28878 0 29131 0 380538 0 90 0 TIFFANY THOMPSON VP, FINANCE & CONTROLLER 229291 0 96750 0 1161 0 31531 0 2250 0 360983 0 212 0 MATTHEW MIKULSKI VP, INTERNAL AUDIT 204190 0 86625 0 3153 0 33175 0 24494 0 351637 0 0 0 AARON WOODRICH SR DIR, IT 199974 0 44597 0 1223 0 29808 0 40022 0 315624 0 0 0 JAMES FISHER SR DIR, INVESTMENTS 223845 0 43985 0 1267 0 16762 0 29618 0 315477 0 0 0 CASSIE STARK DIR, HUMAN RESOURCES & TALENT 181707 0 60075 0 1487 0 29296 0 39205 0 311770 0 0 0 STEVEN HUPERT DIR, IT 193877 0 41710 0 1549 0 39740 0 31747 0 308623 0 0 0 CHRISTOPHER JANZEN VP, ACADEMIC TECHNOLOGY - PART YEAR 16312 0 0 0 288603 0 1834 0 1422 0 308171 0 35084 0 DEAN VANDECOEVERING SR DIR, FINANCE 212718 0 48353 0 1203 0 31356 0 13498 0 307128 0 0 0 JAMES V MCKEON BOARD CHAIR 0 197500 0 0 0 0 0 0 0 0 0 197500 0 0 JULIA S GOUW DIRECTOR 0 155000 0 0 0 0 0 0 0 0 0 155000 0 0 DIANA J INGRAM DIRECTOR 0 151250 0 0 0 0 0 0 0 0 0 151250 0 0 JOHN F DEPODESTA FORMER BOARD CHAIR 0 60000 0 0 0 0 0 0 0 0 0 60000 0 0 I KING JORDAN FORMER DIRECTOR 0 30000 0 0 0 0 0 0 0 0 0 30000 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: ECMC GROUP, INC.'S TRAVEL POLICY HAD AN EXCEPTION THAT WAS APPROVED BY THE CFO (AND DEVIATIONS FROM ANY PROVISION OF THE POLICY MUST BE APPROVED IN WRITING BY AN OFFICER IN CONJUNCTION WITH THE ECMC GROUP, INC. CFO). IN 2023, ECMC GROUP, INC. PAID TRAVEL EXPENSES FOR AN ECMC GROUP, INC. EMPLOYEE'S SPOUSE TO ATTEND A COMPANY-SPONSORED EVENT. THE EXCEPTION TO POLICY WAS APPROVED. FIRST-CLASS OR CHARTER TRAVEL: GREGORY VAN GUILDER TRAVELED FIRST-CLASS PAID FOR BY ECMC GROUP, INC. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION IN 2023. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: CERTAIN TAXABLE BENEFITS ARE GROSSED UP TO MAKE THE EMPLOYEE WHOLE; THIS HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. PART I, LINES 4A-B LINE 4A - SEVERANCE OR CHANGE-OF-CONTROL PAYMENT: THE FOLLOWING RECEIVED A SEVERANCE PAYMENT IN 2023: JEREMY WHEATON - $1,500,000 CHRISTOPHER JANZEN - $237,409 LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: ECMC GROUP, INC. MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN SECTION 457(F), AND A SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP), TO ATTRACT AND RETAIN EMPLOYEES, TYPICALLY IN MANAGEMENT POSITIONS. IN 2023, DANIEL FISHER AND MARTIN SCANLON PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $32,289 AND $11,248, RESPECTIVELY. PART I, LINE 5 ECMC GROUP, INC.'S ANNUAL OFFICER INCENTIVE PLAN REQUIRES ACHIEVEMENT OF STATED PRIMARY FINANCIAL GOALS, WHICH INCLUDES REVENUES, BEFORE ANY PAYMENT TO ANY OFFICER IS MADE. PART I, LINE 6 ECMC GROUP, INC.'S ANNUAL OFFICER INCENTIVE PLAN REQUIRES ACHIEVEMENT OF STATED KEY PERFORMANCE METRICS, WHICH INCLUDES NET EARNINGS, BEFORE ANY PAYMENT TO ANY OFFICER IS MADE. FORM 990, PART VI, SECTION A, LINE 4 ECMC GROUP'S BYLAWS AND CERTIFICATE OF INCORPORATION WERE AMENDED TO REMOVE ECMC EDUCATION, INC. AS A SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 EACH DIRECTOR OF THE ECMC GROUP, INC.'S BOARD OF DIRECTORS IS A MEMBER OF ECMC GROUP, INC. AT YEAR END 2023, THERE WERE 9 MEMBERS OF THE BOARD OF DIRECTORS AND, THEREFORE, 9 MEMBERS OF THE CORPORATION. MEMBERSHIP TERMINATES UPON THE TERMINATION OF SUCH MEMBER'S DIRECTOR STATUS ON THE BOARD OF DIRECTORS. THERE ARE NO STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF ECMC GROUP, INC. BOARD OF DIRECTORS ARE NOMINATED BY THE GOVERNANCE & COMPENSATION COMMITTEE OF THE BOARD AND ELECTED BY THE BOARD OF DIRECTORS. THE GOVERNANCE & COMPENSATION COMMITTEE CONSISTS OF SUCH INDEPENDENT MEMBERS APPOINTED TO IT BY THE ECMC GROUP, INC. BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT OF ECMC GROUP, INC. AND ITS DISREGARDED ENTITIES ARE PROVIDED A COPY OF FORM 990 TO REVIEW AND PROVIDE COMMENTS PRIOR TO FILING. ALL MEMBERS OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT ARE PROVIDED WITH A COPY OF THE FINAL VERSION OF FORM 990 BEFORE IT HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND ALL EMPLOYEES OF ECMC GROUP, INC. AND ECMC SHARED SERVICES COMPANY, LLC, A DISREGARDED ENTITY OF ECMC GROUP, INC., ARE REQUIRED TO REAFFIRM ON AN ANNUAL BASIS THEIR UNDERSTANDING OF THE COMPANY'S CONFLICT OF INTEREST POLICY. THE AFFIRMATION SPECIFICALLY REFERENCES THAT THE INDIVIDUAL WILL COMPLY WITH THE DIRECTIVES OF THE CONFLICT OF INTEREST POLICY. OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE ALSO REQUIRED TO COMPLETE AN ANNUAL FORM 990 RELATIONSHIP DISCLOSURE DOCUMENT TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. FINALLY, THE COMPANY'S VENDOR PROCUREMENT PROCESS INCLUDES QUESTIONS OF BUSINESS UNIT CONTRACT OWNERS TO DETERMINE IF ANY CONFLICTS OF INTEREST MAY EXIST. MONITORING AND ENFORCEMENT OF THE POLICY ARE ACCOMPLISHED THROUGH THE POLICY REAFFIRMATION PROCESS, AFFIRMATIVE DISCLOSURE REQUESTS AND THE POLICY REQUIREMENT THAT ALL CONFLICTS OF INTEREST BE REPORTED. IN CASES WHERE A POTENTIAL CONFLICT EXISTS AT THE OFFICER AND KEY EMPLOYEE LEVELS, THE ISSUE IS DISCLOSED TO THE INDIVIDUAL'S SUPERVISOR, GENERAL COUNSEL, AND/OR VICE PRESIDENT, DEPUTY GENERAL COUNSEL. FOR POTENTIAL CONFLICTS INVOLVING DIRECTORS, THE DISCLOSURE IS MADE TO THE BOARD (OR APPLICABLE COMMITTEE). THE DIRECTOR WILL BE REQUIRED TO EXCUSE THEMSELVES FROM DELIBERATION AND VOTING ON MATTERS FOR WHICH THEY MAY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE & COMPENSATION COMMITTEE OF THE ECMC GROUP, INC. BOARD OF DIRECTORS IS WHOLLY COMPRISED OF INDEPENDENT, OUTSIDE DIRECTORS. IN 2023, THE COMMITTEE RETAINED EXECUTIVE COMPENSATION EXPERTS FROM GRANT THORNTON, PEARL MEYER AND AON, GLOBAL COMPENSATION CONSULTING ORGANIZATIONS, THROUGH ARNOLD & PORTER KAYE SCHOLER LLP TO IDENTIFY APPROPRIATE CEO AND SENIOR EXECUTIVE COMPENSATION PACKAGES. ARNOLD & PORTER KAYE SCHOLER LLP PROVIDED AN OPINION ON THE REASONABLENESS OF THIS COMPENSATION. THE MARKET ANALYSIS PERFORMED BY GRANT THORNTON, PEARL MEYER AND AON FOR ARNOLD & PORTER KAYE SCHOLER LLP INCLUDES SALARY AND INCENTIVE DATA FROM AN APPROPRIATE PEER GROUP UNDER IRS REGULATIONS AND INCLUDES BOTH NONPROFIT AND FOR-PROFIT ENTITIES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUIRED BY LAW. FORM 990, PART VII, SECTION A: JOHN DEPODESTA AND I. KING JORDAN, FORMER DIRECTORS, HAD CONSULTING AGREEMENTS IN 2023. FORM 990, PART XI, LINE 9: SCHOLARSHIPS AWARDED IN A PRIOR YEAR AND REFUNDED IN 2023. 8,423. TRANSFERS BETWEEN ECMC GROUP, INC. AND ECMC HOLDINGS CORPORATION -4,478,187,487. OAKDALE STUDENT LOAN FUNDING LLC 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 271914648 HOLDING FFELP LOANS DE 103644498 8610132 ECMC GROUP INC ECMC SHARED SERVICES COMPANY LLC 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 810690960 SUPPORT SERVICES FUNCTIONS DE 0 23830905 ECMC GROUP INC PATRIOT STUDENT LOAN CAPITAL LLC 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 813501777 TRUST STUDENT LOANS DE 0 1008548 ECMC GROUP INC SUPERIOR SOLUTIONS I GP LLC 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 882460810 INVESTMENTS DE 0 0 ECMC GROUP INC EDUCATIONAL CREDIT MANAGEMENT CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411778617 GUARANTOR MN 501(C)(3) LINE 10 ECMC GROUP INC 1 ECMC FOUNDATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411990628 PROMOTE EDUCATION DE 501(C)(3) LINE 12B TYPE II ECMC GROUP INC 1 ECMC EDUCATION INC 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 472237488 CAREER COLLEGES DE 501(C)(3) LINE 2 ECMC GROUP INC 1 ECMC REVENUE MANAGEMENT CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 831761663 STUDENT LOAN DEFAULT RESOLUTION DE 501(C)(3) LINE 10 EDUCATIONAL CREDIT MANAGEMENT CORPORATION 1 ECMC SERVICES INC 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 831763915 STUDENT LOAN REPAYMENT SERVICES DE 501(C)(3) LINE 10 ECMC GROUP INC 1 AUBREY GEMS PARTNERS LP 800 THIRD AVE 28TH FL NEW YORK NY 10022 365009933 INVESTMENTS NY ECMC GROUP INC EXCLUDED -2352888 11340247 0 0 0.54000 CHLOE CAPITAL FUND I LP 700 CASCADILLA ST STE 201 ITHACA NY 14850 844269068 INVESTMENTS DE ECMC GROUP INC EXCLUDED -129596 3567195 0 0 0.51000 COMMONFUND CAP SECONDARIES OPP FUND 15 OLD DANBURY RD WILTON CT 06897 842082338 INVESTMENTS DE ECMC GROUP INC EXCLUDED 69464 25131964 0 115530 0 1.00000 CRP VF IV GP LP 7600 N CAP OF TX HWY BLDG B STE 130 AUSTIN TX 78731 863644095 INVESTMENTS DE ECMC GROUP INC EXCLUDED -476551 16428583 0 0 0.94000 ECMC-UV CO-INVESTMENT FUND LP 104 W 40TH ST STE 1600 NEW YORK NY 10018 813873029 INVESTMENTS DE ECMC GROUP INC EXCLUDED 3431153 0 0 0.99000 FUND D-2 A SERIES OF RIOT VENTURES 313 GRAND BLVD 1079 VENICE CA 90291 920652495 INVESTMENTS DE ECMC GROUP INC EXCLUDED 884827 0 0 1.00000 GEM MINING 4 LLC 550 S MAIN ST STE 310 GREENVILLE SC 29601 871562792 INVESTMENTS DE ECMC GROUP INC EXCLUDED 1609201 2418386 0 1550261 0 0.99700 ONRAMP EDUC & WORKFORCE INNOV FUND 821 E WASHINGTON AVE STE 200-G MADISON WI 53703 843999115 INVESTMENTS DE ECMC GROUP INC EXCLUDED -49519 1091918 0 0 0.75000 PC-1 DEVELOPERS LLC 3600 MAYBERRY DR RENO NV 89509 831603672 INVESTMENTS NV ECMC GROUP INC EXCLUDED 173413 5242500 0 173083 0 0.67000 R7 FAMILY FUND LP 100 S WACKER DR STE 1675 CHICAGO IL 60606 851019413 INVESTMENTS DE ECMC GROUP INC EXCLUDED 14897488 0 0 1.00000 RI FUND I A SERIES OF BOOST VC SPV LP PO BOX 3217 SEATTLE WA 98114 874641779 INVESTMENTS CJ ECMC GROUP INC EXCLUDED 2573759 0 0 0.99000 TABOR OFFSHORE OPPORTUNITIES LTD 11 E 44TH ST STE 705 NEW YORK NY 10017 INVESTMENTS CJ ECMC GROUP INC EXCLUDED 2216686 45469108 0 0 0.95000 UP FUND I A SERIES OF BOOST VC SPV LP PO BOX 3217 SEATTLE WA 98114 851519551 INVESTMENTS DE ECMC GROUP INC EXCLUDED 1023000 0 0 0.99900 WY FUND I A SERIES OF BOOST VC SPV LP PO BOX 3217 SEATTLE WA 98114 851519506 INVESTMENTS DE ECMC GROUP INC EXCLUDED 80002 1305810 0 0 0.99900 BACKFLIP INCOME FUND 2 LLC 1312 17TH ST STE 71618 DENVER CO 80202 932740244 INVESTMENTS DE ECMC GROUP INC EXCLUDED 19164 4092179 0 0 0.64000 COLT ENERGY OPPORTUNITIES II LLC 2101 CEDAR SPRINGS RD STE 1230 DALLAS TX 75201 933370182 INVESTMENTS TX ECMC GROUP INC EXCLUDED 4006154 0 0 0.82000 SOLGEN CAPITAL PARTNERS I LP 2000 PGA BLVD STE 4440 PALM BEACH GARDENS FL 33408 921378980 INVESTMENTS DE ECMC GROUP INC EXCLUDED 445858 10285490 0 0 0.63000 503 WWS INVESTORS LLC 2540 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97212 921393452 INVESTMENTS DE ECMC GROUP INC EXCLUDED -2877295 99682 0 0 0.50000 GENGLOBAL CORE LLC 2810 N CHURCH ST PMB 85501 WILMINGTON DE 19802 934209535 INVESTMENTS DE ECMC GROUP INC EXCLUDED 4042467 0 0 0.80000 GALAHAD INVESTORS EAU CLAIRE LLC 4688 KEYSTONE CROSSING EAU CLAIRE WI 54701 991926788 INVESTMENTS MN ECMC GROUP INC EXCLUDED 1345378 0 0 0.87000 GALAHAD INVESTORS MAPLEWOOD LLC 1910 COUNTY RD C E MAPLEWOOD MN 55109 991935774 INVESTMENTS MN ECMC GROUP INC EXCLUDED 1500000 0 0 0.67000 OAKDALE INVESTMENT MANAGEMENT CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 352085743 HOLDING INVESTMENTS DE ECMC GROUP INC C 28431 2572602 1.00000 1 ECMC HOLDINGS CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411991992 STRATEGIC OVERSIGHT DE ECMC GROUP INC C 160289040 4059688148 1.00000 1 ECMC RECORDS & RECEIVABLES MANAGEMENT CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411989959 DOCUMENT MANAGEMENT DE N/A C 1 0 1 1 1 0 1 0 0 0 0 0 1 0 1 1 1 1 1 0 EDUCATIONAL CREDIT MANAGEMENT CORPORATION B 15188000 ALLOCATION ECMC FOUNDATION B 58528000 ALLOCATION ECMC EDUCATION INC B 18959896 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION C 265138829 ALLOCATION ECMC FOUNDATION C 1682000 ALLOCATION ECMC EDUCATION INC D 23751000 NON-CANCELABLE OPERATING LEASES ECMC EDUCATION INC D 14500000 FINANCIAL NEED ECMC HOLDINGS CORPORATION F 4488078024 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION L 273825 ALLOCATION ECMC FOUNDATION N 574634 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION N 6767007 ALLOCATION ECMC FOUNDATION O 11632501 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION O 49731669 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION P 341803 ALLOCATION ECMC EDUCATION INC P 961054 ALLOCATION ECMC FOUNDATION Q 212591 ALLOCATION ECMC HOLDINGS CORPORATION Q 1208114 ALLOCATION ECMC HOLDINGS CORPORATION R 4478187487 ALLOCATION