ECMC GROUP INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: ECMC GROUP INC (EIN 41-1991995)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-14
IRS object ID: 202333189349316583
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule F
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-14T17:19:06-06:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	135565207	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KPMG LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	90 S 7TH ST STE 4200	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	411991995	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ECMC GROUP INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ECMC	BusinessNameControlTxt
Phone	6512210566	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	111 WASHINGTON AVE SO STE 1400	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MARTIN A SCANLON	PersonNm
Person Title	CFO & TREASURER	PersonTitleTxt
Phone	6512210566	PhoneNum
Signature	2023-11-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MARTIN	PersonFirstNm
Person Last	SCANLON	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MONROE J GIERL	PreparerPersonNm
PTIN	P01413237	PTIN
Phone	6123055000	PhoneNum
Preparation	2023-11-14	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DANIEL S FISHER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	111 WASHINGTON AVE SO STE 1400	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,099,037,948	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.ECMCGROUP.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2000	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	(SEE SCHEDULE O)ECMC GROUP, INC. SUPPORTS EDUCATIONAL CREDIT MANAGEMENT CORPORATION AND ECMC EDUCATION, INC. ECMC GROUP, INC. SUPPORTS THE FURTHERANCE OF THE EXEMPT PURPOSE OF EDUCATIONAL CREDIT MANAGEMENT CORPORATION AND ECMC EDUCATION, INC. 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.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	240	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$19,455,190	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$3,867,516	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$277,591,010	PYContributionsGrantsAmt
CY Contributions Grants	$248,434,497	CYContributionsGrantsAmt
PY Program Service Revenue	$91,960,563	PYProgramServiceRevenueAmt
CY Program Service Revenue	$110,098,286	CYProgramServiceRevenueAmt
PY Investment Income	$188,485,958	PYInvestmentIncomeAmt
CY Investment Income	$101,941,700	CYInvestmentIncomeAmt
PY Other Revenue	$5,984,001	PYOtherRevenueAmt
CY Other Revenue	$6,856,021	CYOtherRevenueAmt
PY Total Revenue	$564,021,532	PYTotalRevenueAmt
CY Total Revenue	$467,330,504	CYTotalRevenueAmt
PY Grants And Similar Paid	$73,644,007	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$528,902,334	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$13,655,703	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$15,651,045	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$65,173,536	PYOtherExpensesAmt
CY Other Expenses	$135,624,289	CYOtherExpensesAmt
PY Total Expenses	$152,473,246	PYTotalExpensesAmt
CY Total Expenses	$680,177,668	CYTotalExpensesAmt
PY Revenues Less Expenses	$411,548,286	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$212,847,164	CYRevenuesLessExpensesAmt
Total Assets BOY	$5,806,492,820	TotalAssetsBOYAmt
Total Assets EOY	$5,422,363,648	TotalAssetsEOYAmt
Total Liabilities BOY	$4,217,559,074	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$4,273,162,854	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,588,933,746	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,149,200,794	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	ECMC GROUP, INC'S MISSION IS TO HELP STUDENTS SUCCEED BY CREATING, PROVIDING AND INVESTING IN INNOVATIVE EDUCATIONAL OPPORTUNITIES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$527,868,902	ExpenseAmt
Grant	$527,868,902	GrantAmt
Revenue	$0	RevenueAmt
Desc	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. $26,000,000 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, $296,902 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. (CONTINUED ON SCHEDULE O)$501,572,000 CASH AND NONCASH 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.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$93,404,136	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$110,098,286	RevenueAmt
Desc	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, TRUST2020-2, 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.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$351,643	ExpenseAmt
Grant	$38,500	GrantAmt
Revenue	$0	RevenueAmt
Desc	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.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$994,932	ExpenseAmt
Grant	$994,932	GrantAmt
Revenue	$0	RevenueAmt
Desc	GRANTS AND SPONSORSHIPS SUPPLIED BY ECMC GROUP, INC. TO SCHOOLS AND INDIVIDUALS IN SUPPORT OF ITS TAX-EXEMPT PURPOSE.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$994,932	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$994,932	TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue	$0	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$622,619,613	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	62	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	240	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	Yes (1)	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MARTIN A SCANLON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6512210566	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	111 WASHINGTON AVE SO STE 1400	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
JAMES V MCKEON
BOARD CHAIR	13.00	5.00	Yes (X)	$0	$196,250	$0
MAURICE M SALTER
DIRECTOR	7.00	4.00	Yes (X)	$0	$157,500	$0
JULIA S GOUW
DIRECTOR	5.00	4.00	Yes (X)	$0	$155,000	$0
K PAUL SINGH
DIRECTOR	4.00	4.00	Yes (X)	$0	$152,500	$0
DIANA J INGRAM
DIRECTOR	8.00	4.00	Yes (X)	$0	$156,250	$0
JACK O'CONNELL
DIRECTOR	6.00	5.00	Yes (X)	$0	$140,000	$0
DEREK LANGHAUSER
DIRECTOR	6.00	4.00	Yes (X)	$0	$137,500	$0
JENNIFER ANDERSON
DIRECTOR	7.00	4.00	Yes (X)	$0	$132,500	$0
JAMES RUNCIE
DIRECTOR	8.00	4.00	Yes (X)	$0	$127,500	$0
JEREMY J WHEATON
PRES & CEO-PART YR, SR ADVISOR	40.00	0.00	Yes (X)	$1,271,506	$0	$52,529	Yes (X)
DANIEL S FISHER
GRP PRES & CEO (EFF 07-03-22)	40.00	0.00	Yes (X)	$1,013,493	$0	$112,447	Yes (X)
MARTIN A SCANLON
CFO & TREASURER	40.00	0.00		$851,966	$0	$96,996	Yes (X)
GREGORY A VAN GUILDER
CHIEF INVESTMENT OFFICER	40.00	0.00		$1,343,530	$0	$99,504	Yes (X)
PHILIP BECKER
VP, INVESTMENTS	40.00	0.00		$522,808	$0	$81,553	Yes (X)
BRIAN BOARDMAN
GRP GENERAL COUNSEL & CORP SEC	40.00	0.00		$382,212	$0	$76,486	Yes (X)
JOSEPH WATT
VP, IMPACT INVESTING	40.00	0.00		$349,855	$0	$37,272	Yes (X)
JOSH SLAYTON
EDU PRES & SVP GRP DEV-PART YR	40.00	0.00		$933,694	$0	$35,017	Yes (X)
SARAH STREHL
CHIEF HUMAN RESOURCES OFFICER	40.00	0.00		$693,761	$0	$93,887		Yes (X)
RAHOUL GHOSE
CHIEF INFORMATION OFFICER	40.00	0.00		$644,050	$0	$93,805		Yes (X)
HEIDI J JOHNSON
SVP, CHIEF OF STAFF	40.00	0.00		$501,978	$0	$80,375		Yes (X)
IRIS CUMBERBATCH
SVP, CORPORATE AFFAIRS	40.00	0.00		$489,182	$0	$62,085		Yes (X)
STEPHEN H HANSEN
VP, INFORMATION TECHNOLOGY	40.00	0.00		$303,119	$0	$64,285		Yes (X)
JOHN MCKENNELL
VP, CHIEF INFORMATION SEC. OFF	40.00	0.00		$294,398	$0	$63,918		Yes (X)
CHRISTOPHER JANZEN
VP, ACADEMIC TECHNOLOGY	40.00	0.00		$301,379	$0	$51,956		Yes (X)
ADAM TRAMPE
VP, DEPUTY GENERAL COUNSEL	40.00	0.00		$305,077	$0	$69,110		Yes (X)
HUGH E MCSHERRY
VP, CORPORATE SERVICES	40.00	0.00		$312,315	$0	$59,402		Yes (X)
TIFFANY THOMPSON
VP, FINANCE & CONTROLLER	40.00	0.00		$309,242	$0	$37,112		Yes (X)
MATTHEW T MIKULSKI
VP, INTERNAL AUDIT	40.00	0.00		$289,044	$0	$57,295		Yes (X)
BRUCE FEIST
VP, APPLICATIONS & ANALYTICS	40.00	0.00		$308,887	$0	$69,237		Yes (X)
AARON WOODRICH
SR DIR, INFORMATION TECHNOLOGY	40.00	0.00		$240,392	$0	$65,369			Yes (X)
DEAN J VANDECOEVERING
SR DIR, FINANCIAL PLANNING	40.00	0.00		$258,967	$0	$42,922			Yes (X)
SARA HEGG
DIR, TOTAL REWARDS & PAYROLL	40.00	0.00		$237,778	$0	$63,273			Yes (X)
CHRISTINE NOEL
GOVERNMENT AFFAIRS DIRECTOR	40.00	0.00		$238,862	$0	$52,124			Yes (X)
TROY GUNDERMAN
DIR, LITIGATION	40.00	0.00		$235,833	$0	$55,779			Yes (X)
JOHN F DEPODESTA
FORMER BOARD CHAIR	0.00	0.00		$0	$75,000	$0				Yes (X)
ROBERTA COOPER RAMO
FORMER DIRECTOR	0.00	0.00		$0	$60,000	$0				Yes (X)
I KING JORDAN
FORMER DIRECTOR	0.00	0.00		$0	$30,000	$0				Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$12,633,328	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$1,520,000	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,673,738	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	115	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
NAVIENT SOLUTIONS INC
220 LASLEY AVE	WILKES BARRE	PA	18706	LOAN PORTFOLIO SERV	$6,512,863
AMAZON WEB SERVICES INC
PO BOX 84023	SEATTLE	WA	98124	IT SERVICE & SUPPORT	$3,291,648
SOLUTION DESIGN GROUP INC
7500 OLSON MEMIORIAL HWY 250	GOLDEN VALLEY	MN	55427	IT SERVICE & SUPPORT	$1,679,805
CDW
PO BOX 75723	CHICAGO	IL	60675	IT SERVICE & SUPPORT	$1,523,126
KPMG LLP
PO BOX 120922	DALLAS	TX	75312	ACCOUNTING	$1,112,830

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	41	CntrctRcvdGreaterThan100KCnt
Related Organizations	$248,434,497	RelatedOrganizationsAmt
Total Contributions	$248,434,497	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	STUDENT LOAN PORTFOLIO	Desc
Business	900099	BusinessCd
Total Revenue Column	$110,098,286	TotalRevenueColumnAmt
Related Or Exempt Func Income	$110,098,286	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$110,098,286	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$10,781,885	TotalRevenueColumnAmt
Unrelated Business Revenue	$10,483,515	UnrelatedBusinessRevenueAmt
Exclusion	$298,370	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$310,860,360	SecuritiesAmt
Other	$412,006,899	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$303,550,322	SecuritiesAmt
Other	$328,157,122	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$7,310,038	SecuritiesAmt
Other	$83,849,777	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$91,159,815	TotalRevenueColumnAmt
Unrelated Business Revenue	$2,191,325	UnrelatedBusinessRevenueAmt
Exclusion	$88,968,490	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
SERVICE FEES ON TRUST	900099	$6,823,570	$6,780,350	$43,220
INTERCOMPANY SERVICING	900099	$32,451		$32,451

Field	Value	IRS element (for citing)
Other Revenue Total	$6,856,021	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$467,330,504	TotalRevenueColumnAmt
Related Or Exempt Func Income	$110,098,286	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$19,455,190	UnrelatedBusinessRevenueAmt
Exclusion	$89,342,531	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$528,774,722	TotalAmt
Program Services	$528,774,722	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$127,612	TotalAmt
Program Services	$127,612	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$7,494,751	TotalAmt
Management And General	$7,494,751	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$7,334,884	TotalAmt
Program Services	$1,845,276	ProgramServicesAmt
Management And General	$5,489,608	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$160,137	TotalAmt
Program Services	$60,735	ProgramServicesAmt
Management And General	$99,402	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$383,620	TotalAmt
Program Services	$49,627	ProgramServicesAmt
Management And General	$333,993	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$277,653	TotalAmt
Program Services	$72,229	ProgramServicesAmt
Management And General	$205,424	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$319,255	TotalAmt
Management And General	$319,255	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$450,369	TotalAmt
Management And General	$450,369	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$152,110	TotalAmt
Program Services	$152,110	ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$5,101	TotalAmt
Management And General	$5,101	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$12,105,157	TotalAmt
Program Services	$9,940,052	ProgramServicesAmt
Management And General	$2,165,105	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$942,276	TotalAmt
Program Services	$67,482	ProgramServicesAmt
Management And General	$874,794	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,342,285	TotalAmt
Program Services	$83,595	ProgramServicesAmt
Management And General	$1,258,690	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$582,638	TotalAmt
Management And General	$582,638	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$319,832	TotalAmt
Program Services	$54,543	ProgramServicesAmt
Management And General	$265,289	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$108,065	TotalAmt
Program Services	$1,868	ProgramServicesAmt
Management And General	$106,197	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$74,566,192	TotalAmt
Program Services	$74,566,192	ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$6,823,570	TotalAmt
Program Services	$6,823,570	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$9,313,955	TotalAmt
Management And General	$9,313,955	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$261,660	TotalAmt
Management And General	$261,660	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt
IMPAIRMENT	$14,202,157	$14,202,157
PRINCIPAL LOAN ADJUSTME	$10,537,262	$10,537,262
LOSS ON SUBSIDIARIES	$2,769,751	$2,769,751
SALES AND OTHER TAXES	$704,651	$704,651

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$118,003	TotalAmt
Management And General	$118,003	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$680,177,668	TotalAmt
Program Services	$622,619,613	ProgramServicesAmt
Management And General	$57,558,055	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part X	Yes (X)	InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$42,565,086	BOYAmt
EOY	$67,232,695	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$276,079,769	BOYAmt
EOY	$190,228,631	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$7,455,192	BOYAmt
EOY	$7,151,574	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,339,482	BOYAmt
EOY	$3,001,839	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$45,138,149	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$20,043,573	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$35,887,320	BOYAmt
EOY	$25,094,576	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$201,464,887	BOYAmt
EOY	$324,915,975	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,767,602,196	BOYAmt
EOY	$1,911,377,364	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$3,423,737,097	BOYAmt
EOY	$2,848,783,342	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$37,160,725	BOYAmt
EOY	$26,352,419	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$11,201,066	BOYAmt
EOY	$18,225,233	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,806,492,820	BOYAmt
EOY	$5,422,363,648	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$17,971,153	BOYAmt
EOY	$21,659,174	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$3,307,346	BOYAmt
EOY	$2,966,952	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$385,917,193	BOYAmt
EOY	$377,992,351	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,810,363,382	BOYAmt
EOY	$3,870,544,377	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,217,559,074	BOYAmt
EOY	$4,273,162,854	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,588,933,746	BOYAmt
EOY	$1,149,200,794	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,588,933,746	BOYAmt
EOY	$1,149,200,794	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,806,492,820	BOYAmt
EOY	$5,422,363,648	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$212,847,164	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$226,885,788	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	Yes (X)	SupportingOrganization509a3Ind
Supporting Org Type2	Yes (X)	SupportingOrgType2Ind
Supported Organizations	2	SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEIN	Organization TypeOrganizationTypeCd	Governing Document ListedGoverningDocumentListedInd	SupportSupportAmt	Other SupportOtherSupportAmt
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
411778617	10	Yes (1)	$0	$351,643
ECMC EDUCATION INC
472237488	2	Yes (1)	$26,296,902	$108,451

Field	Value	IRS element (for citing)
Supported Organizations Total	2	SupportedOrganizationsTotalCnt
Support Sum	$26,296,902	SupportSumAmt
Other Support Sum	$460,094	OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

Field	Value	IRS element (for citing)
Listed By Name Governing Doc	Yes (1)	ListedByNameGoverningDocInd
Suprt Org No IRS Determination	0	SuprtOrgNoIRSDeterminationInd
Supported Org Section C456	0	SupportedOrgSectionC456Ind
Supported Org Not Organized US	0	SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org	0	OrganizationChangeSuprtOrgInd
Support Non Supported Org	0	SupportNonSupportedOrgInd
Payment Substantial Contribtr	0	PaymentSubstantialContribtrInd
Loan Disqualified Person	0	LoanDisqualifiedPersonInd
Controlled Disqualified Prsn	0	ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int	0	DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int	0	DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules	0	ExcessBusinessHoldingsRulesInd
Contribution Controller	0	ContributionControllerInd
Contribution Family	0	ContributionFamilyInd
Contribution35 Controlled	0	Contribution35ControlledInd

Field	Value	IRS element (for citing)
Majority Dir Trst Supported Org	Yes (1)	MajorityDirTrstSupportedOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART-I LINE-12B

12A TYPE II SUPPORTING ORGANIZATION ECMC GROUP, INC., THE SUPPORTING ORGANIZATION, RETAINS THE FOLLOWING AUTHORITY OVER EDUCATIONAL CREDIT MANAGEMENT CORPORATION AND ECMC EDUCATION, INC. THE SUPPORTED ORGANIZATIONS, AND, THEREFORE, HAS CONTROL OVER EDUCATIONAL CREDIT MANAGEMENT CORPORATION AND ECMC EDUCATION, INC.: 1. TO AUTHORIZE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. 2. TO APPROVE THE STRATEGIC AND FINANCIAL PLANS. 3. TO ELECT AND/OR APPROVE THE MEMBERS OF THE BOARD OF DIRECTORS. 4. TO OVERSEE COORDINATION OF PROGRAMS AND SERVICES OFFERED. 5. TO AUTHORIZE FORMATION, GOVERNANCE AND DISSOLUTION.

PART I, LINE 12G, COLUMN (VI):

ECMC GROUP, INC PROVIDED $351,643 OF NONMONETARY SUPPORT TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION FOR PUBLIC POLICY SERVICES RENDERED AND $108,451 NONMONETARY SUPPORT TO ECMC EDUCATION, INC. FOR SHARED FACILITIES, EQUIPMENT OR OTHER ASSETS.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	VolunteersInd
Paid Staff Or Management	Yes (1)	PaidStaffOrManagementInd
Media Advertisements	0	MediaAdvertisementsInd
Mailings Members	0	MailingsMembersInd
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	0	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (1)	DirectContactLegislatorsInd
Direct Contact Legislators	$178,290	DirectContactLegislatorsAmt
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	0	OtherActivitiesInd
Total Lobbying Expenditures	$178,290	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE C, PART II-B LINE 1A	FormAndLineReferenceDesc
Explanation	GENERAL LOBBYING ACTIVITIES ON LEGISLATIVE ISSUES OF RELEVANCE TO ECMC GROUP, INC.	ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,201,214	OtherCostOrOtherBasisAmt
Depreciation	$7,486,057	DepreciationAmt
Book Value	$6,715,157	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$27,207,575	OtherCostOrOtherBasisAmt
Depreciation	$9,558,850	DepreciationAmt
Book Value	$17,648,725	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,729,360	OtherCostOrOtherBasisAmt
Depreciation	$2,998,666	DepreciationAmt
Book Value	$730,694	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$25,094,576	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (5 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
INV IN ECMC HOLDINGS CORPORATION	$4,502,015	F
INV IN OAKDALE INV MGMT CORP	$2,465,987	F
ALTERNATIVE INVESTMENTS	$1,757,293,644	F
DIRECT INVESTMENTS	$38,056,386	F
IMPACT INVESTMENTS	$109,059,332	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$1,911,377,364	TotalBookValueSecuritiesAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
STUDENT LOAN REC-HELD FOR SALE	$418,590,216	F
STUDENT LOAN RECEIABLE-PLEDGED	$2,430,193,126	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$2,848,783,342	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (15 entries)

DescDesc	AmtAmt
FOUNDATION DEPOSITS IN ECMC GROUP, INC. APPORTIONED INVESTMENT POOL	$1,552,264,845
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2016-1	$176,764,530
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2017-1	$224,432,558
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2017-2	$273,843,187
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2018-1	$276,704,877
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2018-2	$203,208,103
AMOUNT PAYABLE TO THE DEPARTMENT OF EDUCATION	$8,545,425
DEFERRED FINANCING FEES	-$11,377,021
OPERATING LEASE	$8,063,113
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2019-1	$205,493,652
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2020-1	$228,320,504
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2020-2	$233,253,530
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2020-3	$236,155,719
SECURED BORROWINGS OF ECMC GROUP STUDENT LOAN TRUST 2021-1	$254,829,239
DUE TO RELATED PARTIES	$42,116

Field	Value	IRS element (for citing)
Total Liability	$3,870,544,377	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	FIN 48 (ASC 740) FOOTNOTE THE FIN 48 (ASC 740) DISCLOSURE IN THE ECMC GROUP, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS READS AS FOLLOWS: "ECMC GROUP, ECMC, EDUCATION, AND ECMC 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 2018. 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:	$254,829,239 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2021-1. ECMC GROUP STUDENT LOAN TRUST 2021-1, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$236,155,719 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2020-3. ECMC GROUP STUDENT LOAN TRUST 2020-3, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$233,253,530 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2020-2. ECMC GROUP STUDENT LOAN TRUST 2020-2, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$228,320,504 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2020-1. ECMC GROUP STUDENT LOAN TRUST 2020-1, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$205,493,652 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2019-1. ECMC GROUP STUDENT LOAN TRUST 2019-1, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$276,704,877 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2018-1. ECMC GROUP STUDENT LOAN TRUST 2018-1, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$203,208,103 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2018-2. ECMC GROUP STUDENT LOAN TRUST 2018-2, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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 ARY OF THE SECURITIZATION TRUST AND IS REQUIRED TO CONSOLIDATE THE TRUST.
SCHEDULE D, PART X, LINE 1:	$224,432,558 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2017-1. ECMC GROUP STUDENT LOAN TRUST 2017-1, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$273,843,187 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2017-2. ECMC GROUP STUDENT LOAN TRUST 2017-2, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$176,764,530 FLOATING RATE CLASS A NOTES SECURED BORROWING OF ECMC GROUP STUDENT LOAN TRUST 2016-1. ECMC GROUP STUDENT LOAN TRUST 2016-1, A DELAWARE STATUTORY TRUST, PURCHASES STUDENT LOANS AND ACCRUED INTEREST FROM PATRIOT STUDENT LOAN CAPITAL, LLC AND SECURITIZES 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:	$1,552,264,845. AT DECEMBER 31, 2022, 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.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
CENTRAL AMERICA AND THE CARIBBEAN	INVESTMENTS	$444,903,000
EUROPE (INCLUDING ICELAND AND GREENLAND)	INVESTMENTS	$31,610,000
NORTH AMERICA	INVESTMENTS	$26,477,000

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$502,990,000	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$502,990,000	TotalSpentAmt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART III ACCOUNTING METHOD:
PART-I LINE-3(F)	CENTRAL AMERICA AND THE CARIBBEAN - ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND) - ACCRUAL NORTH AMERICAN (CANADA & MEXICO ONLY) - ACCRUAL

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (17 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc	Purpose Of GrantPurposeOfGrantTxt
ECMC FOUNDATION
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	411990628	501(C)(3)	$51,572,000	$450,000,000	FAIR VALUE	INVESTMENT - FRACT INT OF ECMC GROUP, INC. APPROR INV POOL	GENERAL SUPPORT
ECMC EDUCATION INC
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	472237488	501(C)(3)	$26,296,902	$0			GENERAL SUPPORT
UNIVERSITY OF MINNESOTA FOUNDATION
PO BOX 860266	MINNEAPOLIS	MN	55486	416042488	501(C)(3)	$147,500	$0			JOHN DEPODESTA LEADERSHIP PROGRAM
AMERICAN RED CROSS
25688 NETWORK PL	CHICAGO	IL	60673	530196605	501(C)(3)	$20,000	$0			UKRAINE RELIEF
BESTPREP
7100 NORTHLAND CIR N STE 120	BROOKLYN PARK	MN	55428	411265355	501(C)(3)	$35,300	$0			PROGRAM SPONSORSHIP
CRISTO REY CORPORATE INTERNSHIP
2924 4TH AVE S	MINNEAPOLIS	MN	55408	204548714	501(C)(3)	$36,500	$0			WORK STUDY PROGRAM SPONSORSHIP
JUNIOR ACHIEVEMENT NORTH
1745 UNIVERSITY AVE W	ST PAUL	MN	55104	411424988	501(C)(3)	$45,000	$0			PROGRAM SPONSORSHIP
JUNIOR ACHIEVEMENT OF GEORGIA INC
275 NORTHSIDE DR NW	ATLANTA	GA	30314	580598050	501(C)(3)	$7,500	$0			PROGRAM SPONSORSHIP
JUNIOR ACHIEVEMENT OF SACRAMENTO INC
3800 WATT AVE STE 285	SACRAMENTO	CA	95821	946080866	501(C)(3)	$10,000	$0			PROGRAM SPONSORSHIP
JUNIOR ACHIEVEMENT OF SOUTHEAST TEXAS
2115 E GOVERNORS CIR	HOUSTON	TX	77092	741153957	501(C)(3)	$7,500	$0			PROGRAM SPONSORSHIP
JUNIOR ACHIEVEMENT OF SOUTHERN CALIFORNIA INC
6250 FOREST LAWN DR	LOS ANGELES	CA	90068	951799192	501(C)(3)	$7,500	$0			PROGRAM SPONSORSHIP
MPLS DOWNTOWN COUNCIL
81 S 9TH ST STE 260	MINNEAPOLIS	MN	55402	410761732	501(C)(3)	$8,500	$0			PROGRAM SPONSORSHIP
PAGE EDUCATION FOUNDATION
PO BOX 581254	MINNEAPOLIS	MN	55458	363605013	501(C)(3)	$9,000	$0			PROGRAM SPONSORSHIP
READING PARTNERS TWIN CITIES
2324 UNIVERSITY AVE W STE 105	ST PAUL	MN	55114	770568469	501(C)(3)	$5,429	$0			PROGRAM SPONSORSHIP
THE UCLA FOUNDATION
10920 WILSHIRE CENTER 9TH FL	LOS ANGELES	CA	90024	952250801	501(C)(3)	$106,500	$0			ESTABLISH ENDOWED LECTURE IN NONPROFITS
CONGRESSIONAL BLACK CAUCUS FOUNDATION
1720 MASSACHUSETTS AVE NW	WASHINGTON	DC	20036	521160561	501(C)(3)	$21,000	$0			GENERAL SUPPORT
CONGRESSIONAL HISPANIC CAUCUS INSTITUTE INC
1128 16TH STREET NW	WASHINGTON	DC	20036	521114225	501(C)(3)	$17,500	$0			GENERAL SUPPORT

Field	Value	IRS element (for citing)
Total501c3 Org	17	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	ROBERT A. STEIN SCHOLARSHIP	GrantTypeTxt
Recipient	23	RecipientCnt
Cash Grant	$127,612	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	PROCEDURES FOR MONITORING USE OF GRANT FUNDS ECMC GROUP, INC. IS THE SOLE MEMBER OF ECMC FOUNDATION AND ECMC EDUCATION, INC. 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.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Travel For Companions	Yes (X)	TravelForCompanionsInd
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	Yes (1)	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	Yes (1)	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (33 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
GREGORY A VAN GUILDER
CHIEF INVESTMENT OFFICER	$681,535	$0	$509,800	$0	$152,195	$0	$89,868	$0	$9,636	$0	$1,443,034	$0	$41,000	$0
JEREMY J WHEATON
PRES & CEO-PART YR, SR ADVISOR	$408,446	$0	$800,000	$0	$63,060	$0	$18,300	$0	$34,229	$0	$1,324,035	$0	$20,500	$0
DANIEL S FISHER
GRP PRES & CEO (EFF 07-03-22)	$484,979	$0	$504,688	$0	$23,826	$0	$78,235	$0	$34,212	$0	$1,125,940	$0	$20,500	$0
JOSH SLAYTON
EDU PRES & SVP GRP DEV-PART YR	$155,575	$0	$259,000	$0	$519,119	$0	$16,350	$0	$18,667	$0	$968,711	$0	$8,220	$0
MARTIN A SCANLON
CFO & TREASURER	$415,034	$0	$412,500	$0	$24,432	$0	$68,435	$0	$28,561	$0	$948,962	$0	$20,500	$0
SARAH STREHL
CHIEF HUMAN RESOURCES OFFICER	$326,288	$0	$344,250	$0	$23,223	$0	$57,405	$0	$36,482	$0	$787,648	$0	$18,015	$0
RAHOUL GHOSE
CHIEF INFORMATION OFFICER	$311,907	$0	$303,750	$0	$28,393	$0	$56,544	$0	$37,261	$0	$737,855	$0	$10,892	$0
PHILIP BECKER
VP, INVESTMENTS	$337,849	$0	$173,750	$0	$11,209	$0	$47,602	$0	$33,951	$0	$604,361	$0	$9,525	$0
HEIDI J JOHNSON
SVP, CHIEF OF STAFF	$238,516	$0	$240,500	$0	$22,962	$0	$48,330	$0	$32,045	$0	$582,353	$0	$5,917	$0
IRIS CUMBERBATCH
SVP, CORPORATE AFFAIRS	$242,646	$0	$222,000	$0	$24,536	$0	$47,462	$0	$14,623	$0	$551,267	$0	$4,560	$0
BRIAN BOARDMAN
GRP GENERAL COUNSEL & CORP SEC	$264,020	$0	$110,925	$0	$7,267	$0	$39,552	$0	$36,934	$0	$458,698	$0	$4,556	$0
JOSEPH WATT
VP, IMPACT INVESTING	$246,193	$0	$102,500	$0	$1,162	$0	$37,272	$0	$0	$0	$387,127	$0	$0	$0
BRUCE FEIST
VP, APPLICATIONS & ANALYTICS	$283,096	$0	$24,134	$0	$1,657	$0	$37,148	$0	$32,089	$0	$378,124	$0	$0	$0
ADAM TRAMPE
VP, DEPUTY GENERAL COUNSEL	$216,498	$0	$87,638	$0	$941	$0	$35,154	$0	$33,956	$0	$374,187	$0	$0	$0
HUGH E MCSHERRY
VP, CORPORATE SERVICES	$223,385	$0	$86,100	$0	$2,830	$0	$35,263	$0	$24,139	$0	$371,717	$0	$0	$0
STEPHEN H HANSEN
VP, INFORMATION TECHNOLOGY	$211,059	$0	$85,995	$0	$6,065	$0	$36,690	$0	$27,595	$0	$367,404	$0	$1,188	$0
JOHN MCKENNELL
VP, CHIEF INFORMATION SEC. OFF	$210,464	$0	$81,900	$0	$2,034	$0	$35,582	$0	$28,336	$0	$358,316	$0	$37	$0
CHRISTOPHER JANZEN
VP, ACADEMIC TECHNOLOGY	$192,193	$0	$87,075	$0	$22,111	$0	$34,416	$0	$17,540	$0	$353,335	$0	$531	$0
TIFFANY THOMPSON
VP, FINANCE & CONTROLLER	$213,906	$0	$93,525	$0	$1,811	$0	$34,862	$0	$2,250	$0	$346,354	$0	$725	$0
MATTHEW T MIKULSKI
VP, INTERNAL AUDIT	$204,849	$0	$81,000	$0	$3,195	$0	$34,874	$0	$22,421	$0	$346,339	$0	$0	$0
AARON WOODRICH
SR DIR, INFORMATION TECHNOLOGY	$194,733	$0	$44,708	$0	$951	$0	$27,722	$0	$37,647	$0	$305,761	$0	$0	$0
DEAN J VANDECOEVERING
SR DIR, FINANCIAL PLANNING	$207,789	$0	$49,815	$0	$1,363	$0	$31,287	$0	$11,635	$0	$301,889	$0	$0	$0
SARA HEGG
DIR, TOTAL REWARDS & PAYROLL	$164,450	$0	$71,500	$0	$1,828	$0	$29,308	$0	$33,965	$0	$301,051	$0	$0	$0
TROY GUNDERMAN
DIR, LITIGATION	$188,652	$0	$46,521	$0	$660	$0	$28,664	$0	$27,115	$0	$291,612	$0	$0	$0
CHRISTINE NOEL
GOVERNMENT AFFAIRS DIRECTOR	$193,276	$0	$43,968	$0	$1,618	$0	$27,136	$0	$24,988	$0	$290,986	$0	$0	$0
JAMES V MCKEON
BOARD CHAIR	$0	$196,250	$0	$0	$0	$0	$0	$0	$0	$0	$0	$196,250	$0	$0
MAURICE M SALTER
DIRECTOR	$0	$157,500	$0	$0	$0	$0	$0	$0	$0	$0	$0	$157,500	$0	$0
DIANA J INGRAM
DIRECTOR	$0	$156,250	$0	$0	$0	$0	$0	$0	$0	$0	$0	$156,250	$0	$0
JULIA S GOUW
DIRECTOR	$0	$155,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$155,000	$0	$0
K PAUL SINGH
DIRECTOR	$0	$152,500	$0	$0	$0	$0	$0	$0	$0	$0	$0	$152,500	$0	$0
JOHN F DEPODESTA
FORMER BOARD CHAIR	$0	$75,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$75,000	$0	$0
ROBERTA COOPER RAMO
FORMER DIRECTOR	$0	$60,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$60,000	$0	$0
I KING JORDAN
FORMER DIRECTOR	$0	$30,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$30,000	$0	$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 2022, 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 ECMC GROUP, INC.'S TRAVEL POLICY REQUIRES THAT THE LEAST COSTLY CLASS OF AIRFARE BE UTILIZED WHENEVER POSSIBLE. DUE TO A LACK OF FLIGHT AVAILABILITY AND SCHEDULE RESTRICTIONS, ECMC GROUP, INC. PAID FOR ONE FIRST CLASS SEAT FOR A KEY EMPLOYEE IN ONE INSTANCE IN 2022 FOR MEDICAL PURPOSES. 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	SEVERANCE OR CHANGE-OF-CONTROL PAYMENT THE FOLLOWING RECEIVED A SEVERANCE PAYMENT IN 2022: JOSH SLAYTON - $486,529 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 2022, GREGORY A. VAN GUILDER, DANIEL S. FISHER, MARTIN A. SCANLON, AND SARAH STREHL PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $8,268, $19,135, $9,335 AND $255, RESPECTIVELY.
PART I, LINE 5	COMPENSATION CONTINGENT ON REVENUES OF A RELATED ORGANIZATION 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	COMPENSATION CONTINGENT ON NET EARNINGS OF A RELATED ORGANIZATION 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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	MR. MCKEON AND MR. SALTER - BUSINESS RELATIONSHIP
FORM 990, PART VI, SECTION A, LINE 6	CLASSES OF MEMBERS OR STOCKHOLDERS EACH DIRECTOR OF THE ECMC GROUP, INC.'S BOARD OF DIRECTORS IS A MEMBER OF ECMC GROUP, INC. AT YEAR END 2022, THERE WERE 10 MEMBERS OF THE BOARD OF DIRECTORS AND, THEREFORE, 10 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	MEMBERS OR STOCKHOLDERS ELECTING MEMBERS OF GOVERNING BODY 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	REVIEW OF FORM 990 BY GOVERNING BODY 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	CONFLICT OF INTEREST POLICY 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 CHAIR. 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	LINE 15A: PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIALS THE FOLLOWING DESCRIBES THE ECMC GROUP, INC., INCLUDING ECMC SHARED SERVICES COMPANY, LLC, EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) AND ECMC EDUCATION, INC. EXECUTIVE COMPENSATION METHODOLOGY. THE GOVERNANCE & COMPENSATION COMMITTEE OF THE ECMC GROUP, INC. BOARD OF DIRECTORS IS WHOLLY COMPRISED OF INDEPENDENT, OUTSIDE DIRECTORS. IN 2022, THE COMMITTEE RETAINED EXECUTIVE COMPENSATION EXPERTS FROM GRANT THORNTON 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 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. LINE 15B: PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES THE FOLLOWING DESCRIBES THE ECMC GROUP, INC., INCLUDING ECMC SHARED SERVICES COMPANY, LLC, EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) AND ECMC EDUCATION, INC. EXECUTIVE COMPENSATION METHODOLOGY. THE GOVERNANCE & COMPENSATION COMMITTEE OF THE ECMC GROUP, INC. BOARD OF DIRECTORS IS WHOLLY COMPRISED OF INDEPENDENT, OUTSIDE DIRECTORS. IN 2022, THE COMMITTEE RETAINED EXECUTIVE COMPENSATION EXPERTS FROM GRANT THORNTON 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 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	REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUIRED BY LAW.
FORM 990, PART VI, LINE 13:	WHISTLEBLOWER POLICY THE ECMC GROUP, INC. WHISTLEBLOWER POLICY REQUIRES DIRECTORS, OFFICERS AND EMPLOYEES TO OBSERVE HIGH STANDARDS OF BUSINESS AND PERSONAL ETHICS IN THE CONDUCT OF THEIR DUTIES AND RESPONSIBILITIES. EMPLOYEES AND REPRESENTATIVES OF THE CORPORATION, INCLUDING ECMC SHARED SERVICES COMPANY, LLC, A DISREGARDED ENTITY OF ECMC GROUP, INC., ARE DIRECTED TO PRACTICE HONESTY AND INTEGRITY IN FULFILLING THEIR RESPONSIBILITIES AND COMPLY WITH ALL APPLICABLE LAWS AND REGULATIONS. THE POLICY REQUIRES REPORTING OF POTENTIAL ILLEGAL PRACTICES OR VIOLATIONS OF CORPORATE POLICIES, AND PROHIBITS RETALIATION FOR GOOD FAITH REPORTING OF SUSPECTED VIOLATIONS UNDER THE POLICY. IN ADDITION, ECMC GROUP, INC. HAS A CODE OF ETHICS AND BUSINESS CONDUCT POLICY THAT IS AFFIRMED ANNUALLY BY ALL ECMC GROUP, INC., INCLUDING ECMC SHARED SERVICES COMPANY, LLC, A DISREGARDED ENTITY OF ECMC GROUP, INC., AND AFFILIATED COMPANIES' OFFICERS AND EMPLOYEES. THERE IS A PROVISION INCORPORATED INTO THE CODE OF ETHICS AND BUSINESS CONDUCT POLICY THAT STATES THERE CAN BE NO RETALIATION AGAINST ANYONE ACTING IN GOOD FAITH WHEN ASKING A QUESTION, REPORTING A CONCERN OR FOR PARTICIPATING IN AN INVESTIGATION. ECMC GROUP, INC. HAS ESTABLISHED A TELEPHONE HOTLINE AND WEBSITE ADMINISTERED BY AN OUTSIDE VENDOR TO REPORT CONCERNS, WITH AN OPTION TO REPORT ANONYMOUSLY. THE HOTLINE AND WEBSITE ARE AVAILABLE AND ACCESSIBLE TO ECMC GROUP, INC. AND AFFILIATED COMPANIES' DIRECTORS, OFFICERS, EMPLOYEES AND VENDORS.
FORM 990, PART X, LINE 25:	OTHER LIABILITIES OTHER LIABILITIES AT DECEMBER 31, 2022, INCLUDE $1,552,264,845 ECMC FOUNDATION DEPOSITS 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.
FORM 990, PART VII, SECTION A:	CONSULTING JOHN F. DEPODESTA, ROBERTA COOPER RAMO AND I. KING JORDAN, FORMER DIRECTORS, HAD CONSULTING AGREEMENTS IN 2022.
FORM 990, PART XI, LINE 5, NET UNREALIZED LOSS ON INVESTMENTS:	NET UNREALIZED LOSS ON INVESTMENT IN THE ECMC GROUP, INC APPORTIONED INVESTMENT POOL ARE $226,885,788.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
OAKDALE STUDENT LOAN FUNDING LLC
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	271914648	HOLDING FFELP LOANS	DE	$15,557,839	$661,150,047	ECMC GROUP INC
ECMC SHARED SERVICES COMPANY LLC
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	810690960	SUPPORT SERVICES FUNCTIONS	DE	$0	$24,044,029	ECMC GROUP INC
PATRIOT STUDENT LOAN CAPITAL LLC
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	813501777	TRUST STUDENT LOANS	DE	$0	$104,548,242	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

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
EDUCATIONAL CREDIT MANAGEMENT CORP
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	411778617	FFELP GUARANTOR	MN	501(C)(3)	LINE 10	ECMC GROUP INC	Yes (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	Yes (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	Yes (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	0
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	Yes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (24 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	Share Of EOY AssetsShareOfEOYAssetsAmt	UBI Code VUBICodeVAmt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd
1 NORTH CHINA A EQUITY FUND LLC
1 N WACKER DR	CHICAGO	IL	60606	844524632	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	-$9,509,508	0	0	1.00000
ATX A-TEAM THE GUILD LP
500 W SECOND ST STE 1900 163	AUSTIN	TX	78701	843490066	INVESTMENTS	TX	ECMC GROUP INC	EXCLUDED		0	0	0.66000	$2,700,000
AUBREY GEMS PARTNERS LP
800 THIRD AVE 28TH FL	NEW YORK	NY	10022	365009933	INVESTMENTS	NY	ECMC GROUP INC	EXCLUDED	-$7,607,790	0	0	0.70000	$32,830,833
BST 052 A SERIES OF SAX CAP FUND III LP
PO BOX 3217	SEATTLE	WA	98114	853876811	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	$8,479	0	0	1.00000	$141,527
CHLOE CAPITAL FUND I LP
700 CASCADILLA ST STE 201	ITHACA	NY	14850	844269068	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	$2,717	0	0	0.55000	$3,053,379
COMMONFUND CAP SECONDARIES OPP FUND
15 OLD DANBURY RD	WILTON	CT	06897	842082338	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	$1,146,950	0	0	1.00000	$26,067,557	$161,070
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	-$1,752,307	0	0	0.94000	$17,258,900
ECMC-UV CO-INVESTMENT FUND LP
104 W 40TH ST STE 1600	NEW YORK	NY	10018	813873029	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED		0	0	0.99000	$3,454,128
ELEMENTS HEALTH VENTURES II LLC
623 5TH AVE 14TH FL	NEW YORK	NY	10022	862638962	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	$24,897	0	0	0.51000	$3,486,568
FUND D-2 RIOT VENTURES OPPORTUNITY FUND
1632 ABBOT KINNEY BLVD	VENICE	CA	90291	920652495	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED		0	0	1.00000	$892,450
GEM MINING 4 LLC
550 S MAIN ST STE 310	GREENVILLE	SC	29601	871562792	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	$6,119,317	0	0	1.00000	$1,751,984
ONRAMP EDUC & WORKFORCE INNOV FUND
821 E WASHINGTON AVE STE 200-G	MADISON	WI	53703	843999115	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	$10,718	0	0	0.82000	$1,166,437
PC-1 DEVELOPERS LLC
3600 MAYBERRY DR	RENO	NV	89509	831603672	INVESTMENTS	NV	ECMC GROUP INC	EXCLUDED	-$256,637	0	0	0.67000	$4,553,818	-$256,637
R7 FAMILY FUND LP
100 S WACKER DR STE 1675	CHICAGO	IL	60606	851019413	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED		0	0	1.00000	$11,397,488
RI FUND I A SERIES OF BOOST VC SPV LP
PO BOX 3217	SEATTLE	WA	98114	874641779	INVESTMENTS		ECMC GROUP INC	EXCLUDED		0	0	0.99000	$2,600,088		CJ
SUPERIOR SOLUTIONS I LP
111 WASHINGTON AVE S STE 1400	MINNEAPOLIS	MN	55401	882485015	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	-$58,321	0	0	1.00000	$72,523,457	-$136,647
TABOR MILLENNIAL FUND LP
11 E 44TH ST STE 705	NEW YORK	NY	10017	880598843	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	-$4,173,921	0	0	0.97000	$20,889,473
TABOR OFFSHORE OPPORTUNITIES LTD
11 E 44TH ST STE 705	NEW YORK	NY	10017		INVESTMENTS		ECMC GROUP INC	EXCLUDED	$612,153	0	0	0.93000	$28,726,088		CJ
UNLESS VENTURES LP
1023 WALNUT ST STE 100	BOULDER	CO	80302	874222103	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	$268,246	0	0	0.75000	$26,402,927
UP FUND I A SERIES OF BOOST VC SPV LP
PO BOX 3217	SEATTLE	WA	98114	851519551	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED		0	0	0.99900	$1,033,000
WY FUND I A SERIES OF BOOST VC SPV LP
PO BOX 3217	SEATTLE	WA	98114	851519506	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED	$80,001	0	0	0.99900	$1,233,308
GENGLOBAL CRYSTAL LLC
1302 PACIFC AVE	SAN FRANCISCO	CA	94109	882663560	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED		0	0	1.00000	$2,021,194
GENGLOBAL SUNSHINE LLC
1302 PACIFC AVE	SAN FRANCISCO	CA	94109	853885948	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED		0	0	1.00000	$4,539,535
UNLESS LGH SPV LLC
1023 WALNUT ST STE 100	BOULDER	CO	80302	880557430	INVESTMENTS	DE	ECMC GROUP INC	EXCLUDED		0	0	1.00000	$2,000,958

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd	Direct Controlling NADirectControllingNACd
OAKDALE INVESTMENT MANAGEMENT CORP
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	352085743	HOLDING INVESTMENTS	DE	ECMC GROUP INC	C	$6,624	$2,578,725	1.00000	Yes (1)
ECMC HOLDINGS CORPORATION
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	411991992	STRATEGIC OVERSIGHT	DE	ECMC GROUP INC	C	$244,037	$4,572,097	1.00000	Yes (1)
EDUCATIONAL CREDIT SERVICES COMPANY
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	411992001	PRIVATE LOANS	DE		C				Yes (1)	N/A
ECMC RECORDS & REC MGMT CORPORATION
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	411989959	DOCUMENT MANAGEMENT	DE		C				Yes (1)	N/A
ECMC MANAGEMENT SERVICES CORPORATION
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	411989960	MANAGEMENT SERVICES	DE		C				Yes (1)	N/A
ECMC TECHNOLOGY SERVICES CORPORATION
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	411989958	TECHNOLOGY SERVICES	DE		C				Yes (1)	N/A
ECMC SERVICING CORPORATION
111 WASHINGTON AVE SO STE 1400	MINNEAPOLIS	MN	55401	471154366	LOAN SERVICING	DE		C				Yes (1)	N/A
ECMC PRIVATE MARKET OPPORTUNITIES LP
156 W 56TH ST CITYSPIRE BLDG SQUAD	NEW YORK	NY	10019	842552668	INVESTMENTS	DE	ECMC GROUP INC	C	$30,024,852		1.00000	Yes (1)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (1)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (1)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	Yes (1)	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (1)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (16 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
ECMC FOUNDATION
B	$501,572,000	ALLOCATION
ECMC EDUCATION INC
B	$26,296,902	ALLOCATION
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
C	$247,934,497	ALLOCATION
ECMC FOUNDATION
C	$500,000	GRANT
ECMC EDUCATION INC
D	$22,500,000	FINANCIAL NEED
ECMC EDUCATION INC
D	$34,121,000	NON-CANCELABLE OPERATING LEASES
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
L	$351,643	ALLOCATION
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
N	$6,975,663	ALLOCATION
ECMC FOUNDATION
N	$528,399	ALLOCATION
ECMC EDUCATION INC
N	$108,451	ALLOCATION
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
O	$45,710,530	ALLOCATION
ECMC FOUNDATION
O	$2,574,060	ALLOCATION
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
P	$3,684,222	ALLOCATION
ECMC FOUNDATION
P	$91,722	ALLOCATION
ECMC EDUCATION INC
P	$1,185,538	ALLOCATION
ECMC HOLDINGS CORPORATION
Q	$128,745	ALLOCATION