ECMC FOUNDATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- ECMC FOUNDATION (EIN 41-1990628)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-10
- IRS object ID
- 202233149349307673
- Schema version
- 2021v4.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-10T20:01:04-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 4200 Wells Fargo Center 90 South Se | AddressLine1Txt |
| Address Line2 | venth St | AddressLine2Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411990628 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECMC Foundation | 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 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 |
| Signature | 2022-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | 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 | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jason Divine | PreparerPersonNm |
| PTIN | P01076050 | PTIN |
| Phone | 6123055000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Peter J Taylor | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Washington Ave So 1400 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $46,859,234 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.ecmcfoundation.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2000 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | ECMC Foundation is a grantmaking foundation focused on improving higher education and career success among underserved populations through evidence-based innovation. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 17 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $47,069,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $46,843,000 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$116,878 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,884 | CYInvestmentIncomeAmt |
| PY Other Revenue | $51,429 | PYOtherRevenueAmt |
| CY Other Revenue | $2,350 | CYOtherRevenueAmt |
| PY Total Revenue | $47,003,551 | PYTotalRevenueAmt |
| CY Total Revenue | $46,859,234 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $51,544,257 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $41,805,573 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,699,007 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,084,482 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,702,210 | PYOtherExpensesAmt |
| CY Other Expenses | $2,253,037 | CYOtherExpensesAmt |
| PY Total Expenses | $56,945,474 | PYTotalExpensesAmt |
| CY Total Expenses | $48,143,092 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$9,941,923 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,283,858 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $828,576,280 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,089,464,777 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $26,248,343 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $27,344,950 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $802,327,937 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,062,119,827 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ECMC Foundation's mission is to improve higher education and career success among underserved populations through evidence-based innovation. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $15,475,220 | ExpenseAmt |
| Grant | $15,475,220 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | College Success. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. Since inception, the Foundation has provided funding in 49 states. The College Success focus area seeks to increase persistence and graduation rates of students who face systemic challenges in earning a bachelor's degree. These students include, but are not limited to, first-generation college students, students from low-income backgrounds and students of color. The program funds postsecondary programs and initiatives that improve and scale systemic reforms and supports to increase student success at postsecondary institutions; increase currently enrolled students' persistence toward a degree; support on-time transfer from two-year to four-year institutions; enhance students' pathways to graduation with career-ready skills; and evaluate new research findings and publications that promote student success outcomes. College Success currently focuses its grantmaking toward programs, institutional networks, research and policy that address basic needs, improving credit mobility and transfer, enhancing student-centered support and reforming systemic approaches to enhance completion. Additionally, College Success has made significant investments in coalition efforts working to move the needle on key issues: Basic Needs Initiative and Catalyzing Transfer Initiative. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $14,654,999 | ExpenseAmt |
| Grant | $14,654,999 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Career Readiness. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. Since inception, the Foundation has provided funding in 49 states. The Career Readiness focus area supports innovative approaches and promising practices to improve the success of students from underserved backgrounds seeking academic credentials in postsecondary career and technical education (CTE) programs. Grants made as part of the Career Readiness focus area fund projects, programs and initiatives that aim to enable institutions and organizations to implement innovative approaches to improving postsecondary CTE (e.g., initiatives for Single Mother Student Success, Improving Online CTE and CTE Leadership Collaborative) and generate learnings that will be beneficial to the field, to utilize intermediaries to build the capacity of institutions and organizations to sustain and scale promising practices and to support organizations to research, evaluate, and share efforts to improve practice and inform policy. The program is rooted in the belief that learners who complete credit-bearing programs and earn academic credentials will experience improved economic stability and increased social mobility. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,131,264 | ExpenseAmt |
| Grant | $1,104,004 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Education Innovation Ventures. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. Since inception, the Foundation has provided funding in 49 states. ECMC Foundation's Education Innovation Ventures (EIV) program makes below-market-rate investments into nonprofit and for-profit ventures that seek to generate both social impact and financial returns. Complementing ECMC Foundation's strategic grantmaking, the EIV program uses a full spectrum of program-related investments, including debt and equity instruments, to provide catalytic, risk capital to early-stage ventures working to increase postsecondary educational outcomes and economic mobility among learners and jobseekers from systemically disadvantaged backgrounds. Financial returns are reinvested into additional program-related investments, allowing ECMC Foundation to recycle investment dollars to fund further impact initiatives and drive changes in economic mobility for learners and jobseekers. In 2021, EIV investments were focused toward promising, equity-minded solutions that could bolster three building blocks of a post-pandemic economic recovery: i.e., Career navigation and exploration tools, Training, upskilling and reskilling programs, and Innovative financing structures. At year end 2021, EIV has invested $6.85 million across 21 ventures. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | GrantGrantAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|---|
| $13,168,920 | $9,571,350 | $670 | Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt. |
| $1,000,000 | $1,000,000 | $0 | GO! Program. ECMC Foundation awards grants to the Generating Outcomes (GO!) Program, a corporate initiative to fund education innovation by funding ideas and partnerships that can be examined for effectiveness in the local communities of the ECMC Group, Inc. employees. To qualify for payment of a GO! Program grant, the awarded recipient must be a third-party nonprofit entity or a governmental partner, such as public schools, and expend the grant award for the purpose designated in the recipient's grant proposal. In 2021, ECMC Foundation awarded grants ranging from $5,000 to $20,000 each to 101 organizations for a total of $1 million. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $14,168,920 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $10,571,350 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $670 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $45,430,403 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 20 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 17 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| 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 (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Peter J Taylor | |||||||||
| President & Director, ECMC Foundation | 40.0 | 0.0 | Yes (X) | Yes (X) | $679,533 | $0 | $153,241 | ||
| Derek Langhauser | |||||||||
| Director not paid by Foundation | 2.0 | 8.0 | Yes (X) | $0 | $130,000 | $0 | |||
| Diana J Ingram | |||||||||
| Director not paid by Foundation | 1.0 | 9.0 | Yes (X) | $0 | $138,750 | $0 | |||
| Jack O'Connell | |||||||||
| Director not paid by Foundation | 2.0 | 6.0 | Yes (X) | $0 | $135,000 | $0 | |||
| James Runcie | |||||||||
| Director not paid by Foundation | 1.0 | 9.0 | Yes (X) | $0 | $86,250 | $0 | |||
| James V McKeon | |||||||||
| Board Chair not paid by Foundation | 2.0 | 15.0 | Yes (X) | $0 | $193,750 | $0 | |||
| Jennifer Anderson | |||||||||
| Director not paid by Foundation | 1.0 | 8.0 | Yes (X) | $0 | $91,875 | $0 | |||
| Jeremy J Wheaton | |||||||||
| President & CEO, ECMC Group, Inc. (until 07-02-22) | 0.0 | 40.0 | Yes (X) | $0 | $1,241,931 | $121,714 | |||
| Julia S Gouw | |||||||||
| Director not paid by Foundation | 1.0 | 8.0 | Yes (X) | $0 | $155,000 | $0 | |||
| K Paul Singh | |||||||||
| Director not paid by Foundation | 1.0 | 12.0 | Yes (X) | $0 | $142,500 | $0 | |||
| Maurice M Salter | |||||||||
| Director not paid by Foundation | 1.0 | 9.0 | Yes (X) | $0 | $157,500 | $0 | |||
| Daniel S Fisher | |||||||||
| Group Pres & CEO (eff. 07-03-22); Group GC & Corp Sec not paid by FND & ECMC Pres (until 07-02-22) | 0.0 | 40.0 | Yes (X) | $0 | $823,522 | $100,834 | |||
| Lynn Alvarez | |||||||||
| VP, Foundation Programs and Strategy | 40.0 | 0 | Yes (X) | $302,089 | $0 | $53,641 | |||
| Martin A Scanlon | |||||||||
| CFO & Treasurer not paid by Foundation | 0.0 | 40.0 | Yes (X) | $0 | $709,896 | $91,649 | |||
| Alissa Santoro | |||||||||
| Office Manager & Executive Assistant | 40.0 | 0 | $122,044 | $0 | $20,879 | Yes (X) | |||
| Jennifer E Zeisler | |||||||||
| Sr Dir, Program Management | 40.0 | 0 | $163,522 | $0 | $30,212 | Yes (X) | |||
| Jessica E Haselton | |||||||||
| Dir, Program-Related Investments | 40.0 | 0 | $132,942 | $0 | $50,657 | Yes (X) | |||
| Loraine Park | |||||||||
| Mgr, Learning and Impact | 40.0 | 0 | $117,897 | $0 | $35,091 | Yes (X) | |||
| Sarah Belnick | |||||||||
| Sr Dir, Program Management | 40.0 | 0 | $147,575 | $0 | $29,347 | Yes (X) | |||
| Gregory A Van Guilder | |||||||||
| Former CFO not paid by Foundation; current CIO, ECMC Group | 0.0 | 40.0 | $0 | $1,338,903 | $106,613 | Yes (X) | |||
| I King Jordan | |||||||||
| Former Director not paid by Foundation | 0.0 | 0.0 | $0 | $30,000 | $0 | Yes (X) | |||
| John F DePodesta | |||||||||
| Former Board Chair not paid by Foundation | 0.0 | 0.0 | $0 | $75,000 | $0 | Yes (X) | |||
| Roberta Cooper Ramo | |||||||||
| Former Director not paid by Foundation | 0.0 | 0.0 | $0 | $60,000 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,665,602 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $5,509,877 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $793,878 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Indigo Events LLC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 48 Yale St | AddressLine1Txt |
| City | Maplewood | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07040 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Consulting Services | ServicesDesc |
| Compensation | $230,113 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $46,843,000 | RelatedOrganizationsAmt |
| Total Contributions | $46,843,000 | TotalContributionsAmt |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,884 | TotalRevenueColumnAmt |
| Exclusion | $13,884 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| Intercompany Servicing Revenue | 900099 | $1,680 | $1,680 | |
| Miscellaneous Revenue | 900099 | $670 | $670 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,350 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $46,859,234 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $670 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $15,564 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,805,573 | TotalAmt |
| Program Services | $41,805,573 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,188,504 | TotalAmt |
| Management And General | $1,188,504 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,387,955 | TotalAmt |
| Program Services | $2,270,104 | ProgramServicesAmt |
| Management And General | $117,851 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,924 | TotalAmt |
| Program Services | $107,351 | ProgramServicesAmt |
| Management And General | $5,573 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $231,459 | TotalAmt |
| Program Services | $220,036 | ProgramServicesAmt |
| Management And General | $11,423 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,640 | TotalAmt |
| Program Services | $155,564 | ProgramServicesAmt |
| Management And General | $8,076 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,446 | TotalAmt |
| Program Services | $36,568 | ProgramServicesAmt |
| Management And General | $12,878 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,950 | TotalAmt |
| Management And General | $56,950 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,098,922 | TotalAmt |
| Program Services | $106,252 | ProgramServicesAmt |
| Management And General | $992,670 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,582 | TotalAmt |
| Program Services | $199,721 | ProgramServicesAmt |
| Management And General | $59,861 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,803 | TotalAmt |
| Program Services | $153,220 | ProgramServicesAmt |
| Management And General | $13,583 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $357,379 | TotalAmt |
| Program Services | $295,821 | ProgramServicesAmt |
| Management And General | $61,558 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,677 | TotalAmt |
| Program Services | $8,926 | ProgramServicesAmt |
| Management And General | $24,751 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,137 | TotalAmt |
| Program Services | $12,944 | ProgramServicesAmt |
| Management And General | $100,193 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,095 | TotalAmt |
| Program Services | $58,021 | ProgramServicesAmt |
| Management And General | $12,074 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,233 | TotalAmt |
| Management And General | $43,233 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous Expense | Desc |
| Total | $3,813 | TotalAmt |
| Program Services | $302 | ProgramServicesAmt |
| Management And General | $3,511 | ManagementAndGeneralAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,143,092 | TotalAmt |
| Program Services | $45,430,403 | ProgramServicesAmt |
| Management And General | $2,712,689 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,341,592 | BOYAmt |
| EOY | $9,324,068 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,891 | BOYAmt |
| EOY | $5,329 | 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 |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,196 | BOYAmt |
| EOY | $202,880 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $236,540 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $69,219 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,189 | BOYAmt |
| EOY | $167,321 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $811,847,040 | BOYAmt |
| EOY | $1,072,454,019 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,176,372 | BOYAmt |
| EOY | $7,311,160 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $828,576,280 | BOYAmt |
| EOY | $1,089,464,777 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $509,302 | BOYAmt |
| EOY | $522,533 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,514,873 | BOYAmt |
| EOY | $26,246,740 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $224,168 | BOYAmt |
| EOY | $575,677 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,248,343 | BOYAmt |
| EOY | $27,344,950 | 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 | $802,327,937 | BOYAmt |
| EOY | $1,062,119,827 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $802,327,937 | BOYAmt |
| EOY | $1,062,119,827 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $828,576,280 | BOYAmt |
| EOY | $1,089,464,777 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,283,858 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $260,841,766 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $233,982 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
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 | 9 | Yes (true) | $46,143,092 | $0 |
| ECMC Education Inc | ||||
| 472237488 | 2 | Yes (true) | $2,000,000 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $48,143,092 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (true) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | false | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | false | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | false | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | false | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | false | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | false | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | false | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | false | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | false | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | false | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | false | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | false | ContributionControllerInd |
| Contribution Family | false | ContributionFamilyInd |
| Contribution35 Controlled | false | Contribution35ControlledInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Majority Dir Trst Supported Org | Yes (true) | MajorityDirTrstSupportedOrgInd |
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 D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $143,661 | OtherCostOrOtherBasisAmt |
| Depreciation | $30,519 | DepreciationAmt |
| Book Value | $113,142 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $92,879 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,700 | DepreciationAmt |
| Book Value | $54,179 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $167,321 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Investment in ECMC Group, Inc. Apportioned Investment Pool | ||
| Investment in ECMC Group, Inc. Apportioned Investment Pool | $1,072,454,019 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $1,072,454,019 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (9 entries)
| DescDesc | AmtAmt |
|---|---|
| Due To ECMC Group, Inc. | |
| Due To Educational Credit Management Corporation | |
| Due to ECMC Shared Services Company, LLC | |
| Due to ECMC Education, Inc. | |
| Lease Liabilities | |
| Due to ECMC Group, Inc. | $416,851 |
| Due to ECMC Shared Services Company, LLC | $87,186 |
| Due to ECMC Holdings Corporation | $1,074 |
| Lease Liabilities | $70,566 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $575,677 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $260,858,000 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $260,841,766 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $260,841,766 | RevenueNotReportedAmt |
| Revenue Subtotal | $16,234 | RevenueSubtotalAmt |
| Other Revenues Not Included | $46,843,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $46,843,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $46,859,234 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $47,907,000 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $47,907,000 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $236,092 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $236,092 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $48,143,092 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part XI, Line 2(a) Net unrealized gain on investments | Net unrealized gain on investment in the ECMC Group, Inc. apportioned investment pool are $260,841,766. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The FIN 48 (ASC 740) disclosure in the ECMC Foundation financial statements reads as follows: "The Internal Revenue Service has determined that ECMC Foundation is classified as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code (IRC) and is not a private foundation under IRC Sections 509(a)(1) and 170(b)(1)(A)(iv). As such, ECMC Foundation is exempt from income taxes under IRC Section 501(a) except on unrelated business income; as a public charity, contributions to ECMC Foundation are deductible. ECMC Foundation is also exempt from state income tax. ECMC Foundation follows the accounting standards in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by ECMC Foundation for uncertain tax positions as of December 31, 2021 or 2020. ECMC Foundation's tax returns are subject to review and examination by federal and state authorities." |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | Cash contribution from ECMC Group, Inc. - 2024000 Cash contribution from Educational Credit Management Corporation - 44819000 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | Grants awarded in a prior year and returned or refunded in 2021. The awards were correctly recorded in the prior years on ECMC Foundation's books - 236092 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (202 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ECMC Education | ||||||||
| 111 Washington Ave S | Minneapolis | MN | 55401 | 472237488 | 501(C)(3) | $2,000,000 | Career Readiness & Program Support | |
| Educational Credit Management Corporation | ||||||||
| 111 Washington Ave S | Minneapolis | MN | 55401 | 411778617 | 501(C)(3) | $1,910,000 | College Success | |
| ECMC Group | ||||||||
| 111 Washington Ave S | Minneapolis | MN | 55401 | 411991995 | 501(C)(3) | $200,000 | Education Innovation Ventures | |
| 826 MSP | ||||||||
| 1915 E 22nd St | Minneapolis | MN | 55404 | 271372442 | 501(C)(3) | $10,000 | General Support | |
| AchieveMpls | ||||||||
| 2829 University Ave SE | Minneapolis | MN | 55414 | 411425264 | 501(C)(3) | $20,000 | General Support | |
| Achieving the Dream | ||||||||
| 8484 Georgia Ave | Silver Spring | MD | 20910 | 271635830 | 501(C)(3) | $20,000 | General Support | |
| Active Minds | ||||||||
| 2001 S St NW | Washington | DC | 20009 | 200587172 | 501(C)(3) | $299,500 | College Success & General Support | |
| AdmitHub PBC | ||||||||
| 38 Chauncy St | Boston | MA | 02111 | 465681542 | C Corporation | $75,000 | Program Support | |
| Adopt-A-Classroom Inc | ||||||||
| 401 Second Ave N | Minneapolis | MN | 55401 | 650828272 | 501(C)(3) | $20,000 | General Support | |
| Albuquerque Academy | ||||||||
| 6400 Wyoming Blvd NE | Albuquerque | NM | 87109 | 850129165 | 501(C)(3) | $10,000 | General Support | |
| AltaSea at the Port of Los Angeles | ||||||||
| 2456 South Signal St | San Pedro | CA | 90731 | 463977904 | 501(C)(3) | $75,000 | Career Readiness | |
| America Needs You | ||||||||
| 82 Nassau St | New York | NY | 10038 | 270601596 | 501(C)(3) | $20,000 | General Support | |
| American Indian College Fund | ||||||||
| 8333 Greenwood Blvd | Denver | CO | 80221 | 521573446 | 501(C)(3) | $625,000 | College Success | |
| APIA Scholars | ||||||||
| 2025 M St NW | Washington | DC | 20036 | 571192973 | 501(C)(3) | $75,000 | College Success | |
| Appetite For Change Inc | ||||||||
| 1200 West Broadway Ave | Minneapolis | MN | 55411 | 275112040 | 501(C)(3) | $10,000 | General Support | |
| Arizona State University Foundation for a New American University | ||||||||
| 300 East University Dr | Tempe | AZ | 85281 | 866051042 | 501(C)(3) | $469,000 | Program Support | |
| Arman Roy Foundation | ||||||||
| 317 Van Neste Dr | Flemington | NJ | 08822 | 834684062 | 501(C)(3) | $10,000 | General Support | |
| Art of Problem Solving Initiative Inc | ||||||||
| 55 Exchange Pl | New York | NY | 10005 | 201239616 | 501(C)(3) | $20,000 | General Support | |
| Asian Americans Advancing Justice Los Angeles | ||||||||
| 1145 Wilshire Blvd | Los Angeles | CA | 90017 | 953854152 | 501(C)(3) | $25,000 | General Support | |
| Asian Pacific Community Fund | ||||||||
| 1145 Wilshire Blvd | Los Angeles | CA | 90017 | 954257997 | 501(C)(3) | $20,000 | General Support | |
| Aspen Institute | ||||||||
| 2300 N St NW | Washington | DC | 20037 | 840399006 | 501(C)(3) | $605,000 | College Success | |
| Association for Career and Technical Education | ||||||||
| 1410 King St | Alexandria | VA | 22314 | 520632865 | 501(C)(3) | $1,256,397 | Career Readiness | |
| Association of Community College Trustees | ||||||||
| 1101 17th St NW | Washington | DC | 20036 | 526120210 | 501(C)(3) | $1,205,125 | Career Readiness | |
| Big Brothers Big Sisters of Tampa Bay Inc | ||||||||
| 4630 Woodland Corporate Blvd | Tampa | FL | 33614 | 592173085 | 501(C)(3) | $20,000 | General Support | |
| Braven | ||||||||
| 171 N Aberdeen St | Chicago | IL | 60607 | 464340594 | 501(C)(3) | $400,000 | College Success | |
| Bright Prospect | ||||||||
| 1460 E Holt Ave | Pomona | CA | 91767 | 522363234 | 501(C)(3) | $300,000 | College Success | |
| Brooke School Foundation | ||||||||
| 190 Cummins Hwy | Roslindale | MA | 02131 | 300015324 | 501(C)(3) | $20,000 | General Support | |
| B's Girls Foundation | ||||||||
| PO Box 670167 | Houston | TX | 77267 | 825456072 | 501(C)(3) | $20,000 | General Support | |
| Cal Poly Pomona Philanthropic Foundation | ||||||||
| 3801 W Temple Ave | Pomona | CA | 91768 | 832300241 | 501(C)(3) | $15,000 | General Support | |
| Calbright College | ||||||||
| 1102 Q St | Sacramento | CA | 95828 | 832103700 | 501(C)(3) | $450,000 | Program Support | |
| California State Fullerton Philanthropic Foundation Inc | ||||||||
| 2600 Nutwood Ave | Fullerton | CA | 92831 | 330567945 | 501(C)(3) | $50,000 | Program Support | |
| California State University Channel Islands Foundation | ||||||||
| 1 University Dr | Camarillo | CA | 93012 | 770433230 | 501(C)(3) | $310,004 | College Success & General Support | |
| California State University Long Beach 49er Foundation | ||||||||
| 6300 E State University Dr | Long Beach | CA | 90815 | 452163910 | 501(C)(3) | $15,000 | General Support | |
| Carrie Steel-Pitts Home | ||||||||
| 667 Fairburn Rd NW | Atlanta | GA | 30331 | 580607078 | 501(C)(3) | $20,000 | General Support | |
| CCF Community Initiatives Fund | ||||||||
| 221 S Figueroa St | Los Angeles | CA | 90012 | 954774698 | 501(C)(3) | $20,000 | General Support | |
| Center for Pan Asian Community Services (CPACS) | ||||||||
| 3510 Shallowford Rd NE | Atlanta | GA | 30341 | 581437980 | 501(C)(3) | $30,000 | General Support | |
| Centreville Layton School | ||||||||
| 6201 Kennett Pike | Centreville | DE | 19807 | 510232858 | 501(C)(3) | $10,000 | General Support | |
| Chico State Enterprises | ||||||||
| 25 Main St | Chico | CA | 95929 | 680386518 | 501(C)(3) | $497,915 | College Success | |
| Chula Vista Elementary School District | ||||||||
| 84 East J St | Chula Vista | CA | 91910 | 956000613 | School District | $10,000 | General Support | |
| City Year | ||||||||
| 2331 Alhambra Blvd | Sacramento | CA | 95817 | 222882549 | 501(C)(3) | $4,930,775 | Program Support | |
| Clark Atlanta University | ||||||||
| 223 James P Brawley Dr | Atlanta | GA | 30314 | 581825259 | 501(C)(3) | $300,000 | College Success | |
| Code Kitty | ||||||||
| 2955 Oakview Ln N | Plymouth | MN | 55441 | 822302321 | 501(C)(3) | $20,000 | General Support | |
| College Possible | ||||||||
| 755 Prior Ave N | St Paul | MN | 55104 | 411968798 | 501(C)(3) | $400,000 | College Success | |
| Communities Foundation of Texas | ||||||||
| 5500 Caruth Haven Ln | Dallas | TX | 75225 | 750964565 | 501(C)(3) | $750,000 | Career Readiness | |
| Communities in Schools of Western Nevada | ||||||||
| 241 Ridge St | Reno | NV | 89501 | 880292094 | 501(C)(3) | $15,000 | General Support | |
| Community College Baccalaureate Association | ||||||||
| 575 Lake Bingham Rd | Lake Mary | FL | 32746 | 651026796 | 501(C)(3) | $154,179 | Career Readiness | |
| Community Family Centers | ||||||||
| 7524 Avenue E | Houston | TX | 77012 | 741691632 | 501(C)(3) | $20,000 | General Support | |
| Community Foundation of the Ozarks | ||||||||
| 425 E Traffic Way | Springfield | MO | 65801 | 237290968 | 501(C)(3) | $10,000 | General Support | |
| Community Partners | ||||||||
| 1000 N Alameda St | Los Angeles | CA | 90012 | 954302067 | 501(C)(3) | $198,000 | Career Readiness, College Success & General Support | |
| Compton Community College District | ||||||||
| 1111 E Artesia Blvd | Compton | CA | 90221 | 956004983 | School District | $30,000 | General Support | |
| Coro Southern California | ||||||||
| 1000 N Alameda St | Los Angeles | CA | 90012 | 954274561 | 501(C)(3) | $19,000 | General Support | |
| Credit Abuse Resistance Education | ||||||||
| 66 Canal Center Plaza | Alexandria | VA | 22314 | 810788458 | 501(C)(3) | $10,000 | General Support | |
| Davidson College | ||||||||
| 405 N Main St | Davidson | NC | 28035 | 560529961 | 501(C)(3) | $105,000 | Program Support | |
| Digital Promise Global | ||||||||
| 1001 Connecticut Ave NW | Washington | DC | 20036 | 465460594 | 501(C)(3) | $75,000 | General Support | |
| East Side Neighborhood Services | ||||||||
| 1700 2nd St NE | Minneapolis | MN | 55413 | 410873798 | 501(C)(3) | $20,000 | General Support | |
| EdSource | ||||||||
| 436 14th St | Oakland | CA | 94612 | 942434900 | 501(C)(3) | $75,000 | General Support | |
| Education Commission of the States | ||||||||
| 700 Broadway St | Denver | CO | 80203 | 310722194 | 501(C)(3) | $15,000 | College Success | |
| Education Design Lab | ||||||||
| 1200 18th St NW | Washington | DC | 20036 | 464248042 | 501(C)(3) | $14,400 | Career Readiness | |
| EquipHer Inc | ||||||||
| 17401 Commerce Park Blvd | Tampa | FL | 33647 | 831072707 | 501(C)(3) | $20,000 | General Support | |
| Equity Alliance MN | ||||||||
| 6063 Hudson Rd | Woodbury | MN | 55125 | 411819999 | 501(C)(3) | $20,000 | General Support | |
| Evans Scholars Foundation | ||||||||
| 2501 Patriot Blvd | Glenview | IL | 60026 | 362867141 | 501(C)(3) | $15,000 | General Support | |
| Excelencia in Education | ||||||||
| 1156 15th St NW | Washington | DC | 20005 | 200927912 | 501(C)(3) | $15,000 | General Support | |
| Eye to Eye | ||||||||
| 50 Broad St | New York | NY | 10004 | 510570498 | 501(C)(3) | $350,000 | College Success | |
| Face to Face | ||||||||
| 1165 Arcade St | St Paul | MN | 55106 | 410986780 | 501(C)(3) | $20,000 | General Support | |
| Food & Friends Inc | ||||||||
| 219 Riggs Rd NE | Washington | DC | 20011 | 521648941 | 501(C)(3) | $10,000 | General Support | |
| Fostering Media Connections | ||||||||
| 412 W 6th | Los Angeles | CA | 90014 | 453860344 | 501(C)(3) | $70,000 | Program Support | |
| Foundation for Eden Prairie Schools | ||||||||
| 8100 School Rd | Eden Prairie | MN | 55344 | 431999421 | 501(C)(3) | $10,000 | General Support | |
| Friends of South High Foundation | ||||||||
| 3131 19th Ave S | Minneapolis | MN | 55407 | 411506266 | 501(C)(3) | $40,000 | General Support | |
| Funders Together to End Homelessness Inc | ||||||||
| 89 South St | Boston | MA | 02111 | 273033048 | 501(C)(3) | $20,000 | Career Readiness & General Support | |
| Future is Now Schools - Los Angeles | ||||||||
| 626 Wilshire Blvd | Los Angeles | CA | 90017 | 271859126 | 501(C)(3) | $75,000 | General Support | |
| Generation Hope | ||||||||
| 415 Michigan Ave NE | Washington | DC | 20017 | 273554088 | 501(C)(3) | $500,000 | Career Readiness | |
| Georgia State University Research Foundation | ||||||||
| PO Box 3999 | Atlanta | GA | 30302 | 581845423 | 501(C)(3) | $560,111 | College Success | |
| Get Schooled Foundation | ||||||||
| 1515 Broadway | New York | NY | 10036 | 272245578 | 501(C)(3) | $490,000 | College Success | |
| Great River School | ||||||||
| 1326 Energy Park Dr | St Paul | MN | 55108 | 341975307 | 501(C)(3) | $10,000 | General Support | |
| Growing Inland Achievement | ||||||||
| 33562 Yucaipa Blvd | Yucaipa | CA | 92399 | 851010439 | 501(C)(3) | $375,000 | College Success | |
| Hallie Q Brown Community Center | ||||||||
| 270 N Kent St | St Paul | MN | 55102 | 410693846 | 501(C)(3) | $35,000 | General Support | |
| HealGrief | ||||||||
| 2934 Beverly Glen Cr | Los Angeles | CA | 90077 | 954489570 | 501(C)(3) | $10,000 | General Support | |
| Henry E Huntington Library and Art Gallery | ||||||||
| 1151 Oxford Rd | San Marino | CA | 91108 | 951644589 | 501(C)(3) | $10,000 | General Support | |
| Higher Learning Advocates | ||||||||
| 1001 Connecticut Ave NW | Washington | DC | 20036 | 814690411 | 501(C)(3) | $75,000 | General Support | |
| Hillsdale College | ||||||||
| 33 E College St | Hillsdale | MI | 49242 | 381374230 | 501(C)(3) | $7,500 | General Support | |
| iCivics | ||||||||
| 1035 Cambridge St | Cambridge | MA | 02141 | 383796793 | 501(C)(3) | $50,000 | General Support | |
| Institute for Citizens & Scholars | ||||||||
| 5 Vaughn Dr | Princeton | NJ | 08540 | 210703075 | 501(C)(3) | $5,198 | Career Readiness | |
| Institute for Evidence-Based Change | ||||||||
| 3711 Long Beach Blvd | Long Beach | CA | 90807 | 263542835 | 501(C)(3) | $599,975 | College Success | |
| Institute for Women's Policy Research | ||||||||
| 1200 18th St NW | Washington | DC | 20036 | 521549572 | 501(C)(3) | $300,000 | Career Readiness | |
| Institute of Nonprofit News | ||||||||
| 714 W Olympic Blvd | Los Angeles | CA | 90015 | 272614911 | 501(C)(3) | $75,000 | General Support | |
| ISD 196 - Rosemount High School | ||||||||
| 3455 153rd St W | Rosemount | MN | 55068 | 416007792 | School | $10,000 | General Support | |
| James B Hunt Jr Institute for Educational Leadership and Policy Foundation | ||||||||
| 4000 Centregreen Way | Cary | NC | 27513 | 800025367 | 501(C)(3) | $75,000 | College Success | |
| Jeremiah Program | ||||||||
| 615 1st Ave NE | Minneapolis | MN | 55413 | 411801834 | 501(C)(3) | $40,000 | General Support | |
| Jewish Community Center of Greater Albuquerque | ||||||||
| 5520 Wyoming Blvd NE | Albuquerque | NM | 87109 | 850457178 | 501(C)(3) | $10,000 | General Support | |
| Jobs for the Future | ||||||||
| 88 Broad St | Boston | MA | 02110 | 061164568 | 501(C)(3) | $427,940 | Career Readiness, Edu. Innov. Ventures & Gen. Support | |
| Jordan Public Schools | ||||||||
| 500 Sunset Dr | Jordan | MN | 55352 | 416003790 | School | $15,000 | General Support | |
| Junior Achievement of the Upper Midwest Inc | ||||||||
| 1745 University Ave W | St Paul | MN | 55104 | 411424988 | 501(C)(3) | $10,000 | General Support | |
| Juxtaposition Arts | ||||||||
| 2007 Emerson Ave | Minneapolis | MN | 55411 | 411851915 | 501(C)(3) | $10,000 | General Support | |
| Kids In Need Foundation | ||||||||
| 2719 Patton Rd | Roseville | MN | 55113 | 821078462 | 501(C)(3) | $20,000 | General Support | |
| KIPP Minnesota | ||||||||
| 5034 N Oliver Ave | Minneapolis | MN | 55430 | 208877750 | 501(C)(3) | $30,000 | General Support | |
| KnowledgeWorks Foundation | ||||||||
| 312 Plum St | Cincinnati | OH | 45402 | 311321973 | 501(C)(3) | $525,000 | College Success | |
| League for Innovation in the Community College | ||||||||
| 2040 S Alma School Rd | Chandler | AZ | 85286 | 952577300 | 501(C)(3) | $504,460 | Career Readiness | |
| Let's Get Ready | ||||||||
| 50 Broadway | New York | NY | 10004 | 311698832 | 501(C)(3) | $500,000 | College Success | |
| LIFT | ||||||||
| 999 N Capitol St NE | Washington | DC | 20002 | 522168409 | 501(C)(3) | $500,000 | Career Readiness | |
| Locker Project | ||||||||
| PO Box 3134 | Portland | ME | 04104 | 471257754 | 501(C)(3) | $30,000 | General Support | |
| Los Angeles City College Foundation | ||||||||
| 855 N Vermont Ave | Los Angeles | CA | 90029 | 956207819 | 501(C)(3) | $67,075 | General Support | |
| Lynwood Partners Educational Foundation | ||||||||
| 11321 Bullis Rd | Lynwood | CA | 90262 | 473028270 | 501(C)(3) | $10,000 | General Support | |
| MacPhail Center for Music | ||||||||
| 501 S 2nd St | Minneapolis | MN | 55401 | 411729340 | 501(C)(3) | $10,000 | General Support | |
| Maine Inside Out | ||||||||
| 56 North St | Portland | ME | 04101 | 830462687 | 501(C)(3) | $10,000 | General Support | |
| Marymount University | ||||||||
| 2807 N Glebe Rd | Arlington | VA | 22207 | 540573801 | 501(C)(3) | $10,000 | General Support | |
| Mary's Center for Maternal and Child Care Inc | ||||||||
| 2333 Ontario Rd NW | Washington | DC | 20009 | 521594116 | 501(C)(3) | $10,000 | General Support | |
| MDRC | ||||||||
| 200 Vesey St | New York | NY | 10281 | 237379473 | 501(C)(3) | $75,000 | General Support | |
| Mentor & Match Foundation | ||||||||
| 2785 Pacific Coast Hwy | Torrance | CA | 90505 | 851922236 | 501(C)(3) | $50,000 | College Success | |
| Mercy Learning Center of Bridgeport Inc | ||||||||
| 637 Park Ave | Bridgeport | CT | 06604 | 222859879 | 501(C)(3) | $20,000 | General Support | |
| mikeroweWORKS Foundation | ||||||||
| 1207 4th St | Santa Monica | CA | 90401 | 264324338 | 501(C)(3) | $50,000 | General Support | |
| Minnesota Adult & Teen Challenge | ||||||||
| 740 E 24th St | Minneapolis | MN | 55404 | 411517351 | 501(C)(3) | $20,000 | General Support | |
| Moms on a Mission | ||||||||
| 1109 Larkwood Ct | Virginia Beach | VA | 23464 | 611949074 | 501(C)(3) | $15,000 | General Support | |
| National Alliance for Partnerships in Equity (NAPE) Education Foundation | ||||||||
| 91 Newport Pike | Gap | PA | 17527 | 134249100 | 501(C)(3) | $755,500 | Career Readiness | |
| National Association of System Heads (NASH) | ||||||||
| 3300 Metzerott Rd | Adelphi | MD | 20783 | 208987993 | 501(C)(3) | $100,000 | Program Support | |
| National Center for Civic Innovation | ||||||||
| 121 Avenue of The Americas | New York | NY | 20005 | 020590588 | 501(C)(3) | $75,000 | College Success | |
| National Public Radio | ||||||||
| 1111 N Capitol St NE | Washington | DC | 20002 | 520907625 | 501(C)(3) | $250,000 | Program Support | |
| Nativity of Our Lord School | ||||||||
| 1900 Stanford Ave | St Paul | MN | 55105 | 410693956 | 501(C)(3) | $10,000 | General Support | |
| Neighborhood House | ||||||||
| 179 Robbie St E | St Paul | MN | 55107 | 410693916 | 501(C)(3) | $20,000 | General Support | |
| New America | ||||||||
| 740 15th St NW | Washington | DC | 20005 | 522096845 | 501(C)(3) | $1,450,500 | Career Readiness | |
| New Moms Inc | ||||||||
| 5317 W Chicago Ave | Chicago | IL | 60651 | 363265804 | 501(C)(3) | $500,000 | Career Readiness | |
| New Richmond Middle School | ||||||||
| 701 East 11th St | New Richmond | WI | 54017 | 396003673 | School | $10,000 | General Support | |
| North Branch Area Education Foundation | ||||||||
| 5842 Old Main St | North Branch | MN | 55056 | 272029579 | 501(C)(3) | $10,000 | General Support | |
| North Carolina State University | ||||||||
| 2701 Sullivan Dr | Raleigh | NC | 27695 | 566000756 | 501(C)(3) | $45,281 | Career Readiness | Ste 240 |
| North Fulton Community Charities | ||||||||
| 11270 Elkins Rd | Roswell | GA | 30076 | 581521088 | 501(C)(3) | $20,000 | General Support | |
| Northside Achievement Zone (NAZ) | ||||||||
| 2123 W Broadway Ave | Minneapolis | MN | 55411 | 300238807 | 501(C)(3) | $20,000 | General Support | |
| Notre Dame High School of West Haven Inc | ||||||||
| One Notre Dame Way | West Haven | CT | 06516 | 060646748 | 501(C)(3) | $25,000 | General Support | |
| Open Education Global | ||||||||
| 60 Thoreau St | Concord | MA | 01742 | 010908761 | 501(C)(3) | $450,000 | College Success | |
| Oxford Community Schools | ||||||||
| 10 N Washington St | Oxford | MI | 48371 | 386003081 | School | $10,000 | General Support | |
| People Serving People | ||||||||
| 614 Third St S | Minneapolis | MN | 55415 | 411965067 | 501(C)(3) | $20,000 | General Support | |
| Postsecondary National Policy Institute | ||||||||
| 1828 L St NW | Washington | DC | 20036 | 474374655 | 501(C)(3) | $250,000 | College Success | |
| Proyecto Pastoral | ||||||||
| 135 N Mission Rd | Los Angeles | CA | 90033 | 953213958 | 501(C)(3) | $20,000 | General Support | |
| Public Policy Institute of California | ||||||||
| 500 Washington St | San Francisco | CA | 94111 | 943207299 | 501(C)(3) | $10,000 | General Support | |
| Ranken Technical College | ||||||||
| 4431 Finney Ave | St Louis | MO | 63113 | 430471057 | 501(C)(3) | $694,939 | Career Readiness | |
| Ready to Succeed | ||||||||
| 1514 17th St | Santa Monica | CA | 90404 | 832282113 | 501(C)(3) | $200,000 | College Success | |
| Regents of the University of California Los Angeles | ||||||||
| 2005 Moore Hall | Los Angeles | CA | 90095 | 956006143 | 501(C)(3) | $75,000 | College Success | |
| REMERGE | ||||||||
| 340 Auburn Ave NE | Atlanta | GA | 30312 | 582509965 | 501(C)(3) | $20,000 | General Support | |
| Research Foundation of the City University of New York | ||||||||
| 230 W 41st St | New York | NY | 10036 | 131988190 | 501(C)(3) | $150,000 | College Success | |
| Reve Academy | ||||||||
| 807 Broadway St NE | Minneapolis | MN | 55413 | 274148333 | 501(C)(3) | $10,000 | General Support | |
| Rise Education Fund | ||||||||
| 4221 Grand View Blvd | Los Angeles | CA | 90066 | 843954465 | 501(C)(3) | $350,000 | College Success | |
| Rockefeller Philanthropy Advisors | ||||||||
| 6 W 48th St | New York | NY | 10036 | 133615533 | 501(C)(3) | $200,000 | College Success | |
| Rutgers University Foundation | ||||||||
| 335 George St | New Brunswick | NJ | 08901 | 237318742 | 501(C)(3) | $185,000 | College Success | |
| Sacramento Loaves and Fishes | ||||||||
| PO Box 13495 | Sacramento | CA | 95813 | 680189897 | 501(C)(3) | $30,000 | General Support | |
| Saint Charles Borromeo School | ||||||||
| 2727 Stinson Blvd | St Anthony | MN | 55418 | 410706912 | 501(C)(3) | $10,000 | General Support | |
| Saint Paul Public Schools - Nokomis North | ||||||||
| 360 Colborne St | St Paul | MN | 55102 | 410901311 | School | $20,000 | General Support | |
| Sanford School | ||||||||
| 6900 Lancaster Pike | Hockessin | DE | 19707 | 510064331 | 501(C)(3) | $10,000 | General Support | |
| Schools on Wheels (CA) | ||||||||
| PO Box 23371 | Ventura | CA | 93002 | 954422640 | 501(C)(3) | $10,000 | General Support | |
| Share the Table Inc | ||||||||
| PO Box 4170 | Surf City | NC | 28445 | 352587416 | 501(C)(3) | $10,000 | General Support | |
| Sinclair Community College | ||||||||
| 444 West Third St | Dayton | OH | 45402 | 310723444 | 501(C)(3) | $316,821 | College Success | |
| Skillpointe Foundation Inc | ||||||||
| 5256 Peachtree Rd | Chamblee | GA | 30341 | 851384690 | 501(C)(3) | $30,000 | General Support | |
| Solano County Office of Education | ||||||||
| 5100 Business Center Dr | Fairfield | CA | 94534 | 946002197 | 501(C)(3) | $10,000 | General Support | |
| Southern California Grantmakers | ||||||||
| 1000 North Alameda St | Los Angeles | CA | 90012 | 952831058 | 501(C)(3) | $25,000 | General Support | |
| St Croix Preparatory Academy | ||||||||
| 4260 Stagecoach Trail N | Stillwater | MN | 55082 | 900103622 | 501(C)(3) | $10,000 | General Support | |
| State Higher Education Executive Officers Association | ||||||||
| 3035 Center Green Dr | Boulder | CO | 80301 | 237167258 | 501(C)(3) | $400,000 | College Success | |
| Station 1 | ||||||||
| 280 Merrimack St | Lawrence | MA | 02111 | 813784803 | 501(C)(3) | $400,000 | College Success | |
| Step Up for Students | ||||||||
| 1901 Ulmerton Rd | Clearwater | FL | 33762 | 593649371 | 501(C)(3) | $20,000 | General Support | |
| Summit Academy OIC | ||||||||
| 935 Olson Memorial Hwy | Minneapolis | MN | 55405 | 410908458 | 501(C)(3) | $15,000 | General Support | |
| Supporting The Taylor House Inc | ||||||||
| PO Box 853 | Roseville | CA | 95678 | 460748514 | 501(C)(3) | $20,000 | General Support | |
| Swipe Out Hunger | ||||||||
| 800 Wilshire Blvd | Los Angeles | CA | 90017 | 452038035 | 501(C)(3) | $350,000 | College Success | |
| Teacher's College Columbia University | ||||||||
| 525 W 120th St | New York | NY | 10027 | 131624202 | 501(C)(3) | $75,000 | Program Support | Box 21 |
| Temecula Valley Unified School District | ||||||||
| 31350 Rancho Vista Rd | Temecula | CA | 92592 | 330741945 | School District | $10,000 | General Support | |
| Temple University | ||||||||
| 1316 W Ontario St | Philadelphia | PA | 19140 | 231365971 | 501(C)(3) | $475,000 | College Success | Jones Hall |
| Tennessee Higher Education Initiative Inc | ||||||||
| 1006 Shelby Ave | Nashville | TN | 37206 | 454531767 | 501(C)(3) | $400,000 | Career Readiness | |
| The Banyan Community | ||||||||
| 2529 13th Ave S | Minneapolis | MN | 55404 | 411922813 | 501(C)(3) | $40,000 | General Support | |
| The Brookings Institution | ||||||||
| 1775 Massachusetts Ave NW | Washington | DC | 20036 | 530196577 | 501(C)(3) | $300,000 | Career Readiness | |
| The Campaign for College Opportunity | ||||||||
| 1149 S Hill St | Los Angeles | CA | 90015 | 200427622 | 501(C)(3) | $25,000 | General Support | |
| The Center to Advance CTE | ||||||||
| 8484 Georgia Ave | Silver Spring | MD | 20910 | 731086246 | 501(C)(3) | $1,261,582 | Career Readiness | |
| The Community Foundation for Northern Virginia | ||||||||
| 2940 Hunter Mill Rd | Oakton | VA | 22124 | 510232459 | 501(C)(3) | $25,000 | General Support | |
| The Forge For Families | ||||||||
| 3435 Dixie Dr | Houston | TX | 77021 | 760485959 | 501(C)(3) | $20,000 | General Support | |
| The Global Good Fund | ||||||||
| 3066 Hobbs Rd | Glenwood | MD | 21738 | 461495972 | 501(C)(3) | $15,000 | General Support | |
| The Hidden Genius Project | ||||||||
| 2934 Telegraph Ave | Oakland | CA | 94609 | 460689949 | 501(C)(3) | $20,000 | General Support | |
| The Manufacturing Institute | ||||||||
| 733 10th St NW | Washington | DC | 20001 | 521073576 | 501(C)(3) | $1,500,000 | Career Readiness | |
| The Opportunity Network | ||||||||
| 85 Broad St | New York | NY | 10004 | 431984494 | 501(C)(3) | $400,000 | College Success | |
| The Partnership Plan | ||||||||
| 1875 Greeley St S | Stillwater | MN | 55082 | 203012418 | 501(C)(3) | $10,000 | General Support | |
| The RP Group | ||||||||
| 369-B Third St | San Rafael | CA | 94901 | 943207140 | 501(C)(3) | $65,000 | College Success | |
| The Santa Fe Opera | ||||||||
| 301 Opera Dr | Santa Fe | NM | 87506 | 850131810 | 501(C)(3) | $10,000 | General Support | |
| The Teen Warehouse Inc | ||||||||
| 1121 Thatcher St | Wilmington | DE | 19802 | 823855379 | 501(C)(3) | $350,000 | Program Support | |
| The UCLA Foundation | ||||||||
| UCLA External Affairs Box 951590 | Los Angeles | CA | 90095 | 952250801 | 501(C)(3) | $90,000 | General Support | Wilshire Center |
| The University of Houston - Downtown | ||||||||
| One Main St | Houston | TX | 77002 | 746001399 | 501(C)(3) | $75,000 | Program Support | |
| The Urban Institute | ||||||||
| 500 LEnfant Plaza | Washington | DC | 20024 | 520880375 | 501(C)(3) | $5,500 | Career Readiness | |
| Thurgood Marshall College Fund | ||||||||
| 901 F St NW | Washington | DC | 20004 | 411750692 | 501(C)(3) | $500,000 | College Success | |
| Tulane University | ||||||||
| 1555 Poydras St | New Orleans | LA | 70112 | 720423889 | 501(C)(3) | $10,000 | General Support | |
| Twin Cities Catalyst Music | ||||||||
| 75 Civic Center Pkwy | Burnsville | MN | 55337 | 472182792 | 501(C)(3) | $10,000 | General Support | |
| Uncommon Individual Foundation | ||||||||
| 80 W Lancaster Ave | Devon | PA | 19333 | 222741682 | 501(C)(3) | $75,000 | General Support | |
| United Way Bay Area (UWBA) | ||||||||
| 550 Kearny St | San Francisco | CA | 94108 | 941312348 | 501(C)(3) | $400,000 | College Success | |
| United Way of Humphreys County | ||||||||
| 122 W Main St | Waverly | TN | 37185 | 621777911 | 501(C)(3) | $25,000 | General Support | |
| UNITE-LA Inc | ||||||||
| 1055 Wilshire Blvd | Los Angeles | CA | 90017 | 820576380 | 501(C)(3) | $150,000 | College Success | |
| University of Illinois Foundation | ||||||||
| Gies College of Business | Chicago | IL | 60673 | 376006007 | 501(C)(3) | $20,000 | General Support | PO Box 734500 |
| University of Louisville Research Foundation | ||||||||
| Atria Bldg JD Nichols Campus | Louisville | KY | 40202 | 611029626 | 501(C)(3) | $130,494 | College Success | 300 E Market St |
| University of Nebraska Medical Center | ||||||||
| 985045 Nebraska Medical Center | Omaha | NE | 68198 | 470049123 | 501(C)(3) | $10,000 | General Support | |
| University of New Mexico Health Sciences Center | ||||||||
| 1 University of New Mexico | Albuquerque | NM | 87131 | 856000642 | 501(C)(3) | $250,000 | Program Support | |
| Vassar College | ||||||||
| 124 Raymond Ave | Poughkeepsie | NY | 12604 | 141338587 | 501(C)(3) | $75,000 | General Support | |
| Venn Foundation | ||||||||
| 1127 Barclay St | St Paul | MN | 55106 | 814476503 | 501(C)(3) | $504,004 | Education Innovation Ventures | |
| Veterans Education Success | ||||||||
| 4708 Essex Ave | Chevy Chase | MD | 20815 | 462070196 | 501(C)(3) | $300,000 | College Success | |
| WASC Senior College & University Commission | ||||||||
| 1080 Marina Village Pkwy | Alameda | CA | 94501 | 462847593 | 501(C)(3) | $265,000 | College Success | |
| Washington Monthly Corporation | ||||||||
| 1200 18th St NW | Washington | DC | 20036 | 800434806 | 501(C)(3) | $50,000 | Program Support | |
| WestEd | ||||||||
| 730 Harrison St | San Francisco | CA | 94107 | 943233542 | 501(C)(3) | $450,000 | Career Readiness | |
| Western Communities Action Network | ||||||||
| 5213 Shoreline Dr | Mound | MN | 55364 | 411466409 | 501(C)(3) | $10,000 | General Support | |
| Whittier College | ||||||||
| 13406 Philadelphia St | Whittier | CA | 90601 | 951644048 | 501(C)(3) | $50,000 | General Support | |
| Williamson College of the Trades | ||||||||
| 106 S New Middletown Rd | Media | PA | 19063 | 231352691 | 501(C)(3) | $10,000 | General Support | |
| Woodson Center | ||||||||
| 1625 K St NW | Washington | DC | 20006 | 521217891 | 501(C)(3) | $22,500 | General Support | |
| Young Artists Initiative | ||||||||
| 463 Marie Ave East | St Paul | MN | 55106 | 473986964 | 501(C)(3) | $20,000 | General Support | |
| Young Men's Christian Association of the North | ||||||||
| 651 Nicollet | Minneapolis | MN | 55414 | 452563299 | 501(C)(3) | $33,000 | General Support | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 201 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | Helping low-income students pursue higher education is core to ECMC Foundation's mission. ECMC Foundation closely monitors the use of the cash grants to ECMC Education, Inc. through reports to management and the Board of Directors on a regular basis. The remaining grants and assistance to the organizations listed in Part II further ECMC Foundation's mission and program evaluations are part of all grant projects funded. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | 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 | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | Yes (true) | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | Yes (true) | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Peter J Taylor | ||||||||||||||
| President & Director, ECMC Foundation | $487,526 | $0 | $80,000 | $0 | $112,007 | $0 | $133,330 | $0 | $19,911 | $0 | $832,774 | $0 | $94,985 | $0 |
| Roberta Cooper Ramo | ||||||||||||||
| Former Director not paid by Foundation | $0 | $60,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60,000 | $0 | $0 |
| John F DePodesta | ||||||||||||||
| Former Board Chair not paid by Foundation | $0 | $75,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $75,000 | $0 | $0 |
| I King Jordan | ||||||||||||||
| Former Director not paid by Foundation | $0 | $30,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30,000 | $0 | $0 |
| Julia S Gouw | ||||||||||||||
| Director not paid by Foundation | $0 | $155,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $155,000 | $0 | $0 |
| James V McKeon | ||||||||||||||
| Board Chair not paid by Foundation | $0 | $193,750 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $193,750 | $0 | $0 |
| Maurice M Salter | ||||||||||||||
| Director not paid by Foundation | $0 | $157,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $157,500 | $0 | $0 |
| Jeremy J Wheaton | ||||||||||||||
| President & CEO, ECMC Group, Inc. (until 07-02-22) | $0 | $613,233 | $0 | $605,500 | $0 | $23,198 | $0 | $89,207 | $0 | $32,507 | $0 | $1,363,645 | $0 | $19,500 |
| Gregory A Van Guilder | ||||||||||||||
| Former CFO not paid by Foundation; current CIO, ECMC Group | $0 | $679,500 | $0 | $527,838 | $0 | $131,565 | $0 | $90,009 | $0 | $16,604 | $0 | $1,445,516 | $0 | $19,500 |
| Lynn Alvarez | ||||||||||||||
| VP, Foundation Programs and Strategy | $296,578 | $0 | $0 | $0 | $5,511 | $0 | $35,400 | $0 | $18,241 | $0 | $355,730 | $0 | $1,048 | $0 |
| Daniel S Fisher | ||||||||||||||
| Group Pres & CEO (eff. 07-03-22); Group GC & Corp Sec not paid by FND & ECMC Pres (until 07-02-22) | $0 | $413,901 | $0 | $385,921 | $0 | $23,700 | $0 | $66,055 | $0 | $34,779 | $0 | $924,356 | $0 | $19,500 |
| Martin A Scanlon | ||||||||||||||
| CFO & Treasurer not paid by Foundation | $0 | $366,173 | $0 | $320,702 | $0 | $23,021 | $0 | $59,142 | $0 | $32,507 | $0 | $801,545 | $0 | $19,500 |
| Sarah Belnick | ||||||||||||||
| Sr Dir, Program Management | $146,347 | $0 | $0 | $0 | $1,228 | $0 | $17,803 | $0 | $11,544 | $0 | $176,922 | $0 | $0 | $0 |
| Jessica E Haselton | ||||||||||||||
| Dir, Program-Related Investments | $130,984 | $0 | $0 | $0 | $1,958 | $0 | $16,827 | $0 | $33,830 | $0 | $183,599 | $0 | $0 | $0 |
| Loraine Park | ||||||||||||||
| Mgr, Learning and Impact | $116,662 | $0 | $0 | $0 | $1,235 | $0 | $14,815 | $0 | $20,276 | $0 | $152,988 | $0 | $0 | $0 |
| Jennifer E Zeisler | ||||||||||||||
| Sr Dir, Program Management | $161,646 | $0 | $0 | $0 | $1,876 | $0 | $19,628 | $0 | $10,584 | $0 | $193,734 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a 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. |
| Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation | As noted in Part VII of Form 990 and Schedule J, Part II, the only Executive Officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other Executive Officers' compensation was paid by related organizations. |
| Schedule J, Part I, 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 2021, Jeremy J. Wheaton, Gregory A. Van Guilder, Daniel S. Fisher and Martin A. Scanlon participated in the 457(f) plan, and received employer contributions of $35,757, $14,209, $10,755 and $3,842, respectively, and Peter J. Taylor participated in the SERP plan, and received an employer contribution of $81,361. |
| Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organization | As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. 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. |
| Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization | As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. 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 (16 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d Description of other program services | (Expenses $ 13,168,920 including grants of $ 9,571,350)(Revenue $ 670) Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt. |
| Form 990, Part III, Line 4d Description of other program services | (Expenses $ 1,000,000 including grants of $ 1,000,000)(Revenue $ 0) GO! Program. ECMC Foundation awards grants to the Generating Outcomes (GO!) Program, a corporate initiative to fund education innovation by funding ideas and partnerships that can be examined for effectiveness in the local communities of the ECMC Group, Inc. employees. To qualify for payment of a GO! Program grant, the awarded recipient must be a third-party nonprofit entity or a governmental partner, such as public schools, and expend the grant award for the purpose designated in the recipient's grant proposal. In 2021, ECMC Foundation awarded grants ranging from $5,000 to $20,000 each to 101 organizations for a total of $1 million. |
| 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 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. 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 VI, Line 2 Family/business relationships amongst interested persons | Mr. McKeon and Mr. Salter - Business relationship |
| Form 990, Part VI, Line 6 Classes of members or stockholders | ECMC Foundation has one member. The member is ECMC Group, Inc. a Delaware, non-stock, nonprofit corporation exempt under section 501(c)(3). There are no stockholders. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | ECMC Group, Inc. has the right to elect and/or approve all the directors of the ECMC Foundation Board of Directors. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | ECMC Group, Inc., the sole member of ECMC Foundation, retains the following authority over ECMC Foundation: 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. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | All members of the Board of Directors and executive management 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, Line 12c Conflict of interest policy | Officers, directors and all employees 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, Line 15a Process to establish compensation of top management official | As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2021, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, 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 for Arnold & Porter Kaye Scholer LLP includes salary and incentive data from an appropriate peer group under IRS regulations and includes only nonprofit entities. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2021, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, 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 for Arnold & Porter Kaye Scholer LLP includes salary and incentive data from an appropriate peer group under IRS regulations and includes only nonprofit entities. |
| Form 990, Part VI, Line 19 Required documents available to the public | The Form 990 is made available to the public on ECMC Foundation's website. Documents are made available to the public as required by law. |
| Form 990, Part VII, Section A Directors' Compensation | ECMC Foundation Directors do not receive compensation for their service associated with ECMC Foundation, but do receive compensation for their service provided to related organizations--ECMC and ECMC Group, Inc. With the exception of the President, Peter J. Taylor, the executive officers of ECMC Foundation do not receive compensation for their service associated with ECMC Foundation, but do receive compensation for their service provided to related organizations--ECMC and ECMC Group, Inc. John F. DePodesta, Roberta Cooper Ramo and I. King Jordan, former Directors, had consulting agreements in 2021. |
| Form 990, Part X, Line 12 Investments-Other Securities | Investments-other securities of $1,072,454,019 are held in the ECMC Group, Inc. Apportioned Investment Pool and $458,486 are invested in a fund outside of the Apportioned Investment Pool. Investments in ECMC Group, Inc. Apportioned Investment Pool represent an ownership interest in the investment pool managed by ECMC Group, Inc., not in the underlying assets themselves. The ownership interests in this pool are not themselves publicly traded, nor can they be valued based on direct or indirect inputs as defined by Financial Accounting Standards Board Accounting Standards Codification Topic 820. ECMC Foundation's investments consist of pooled funds invested with ECMC Group, Inc. that are generally redeemable upon request. The pooled investment is, under fair value hierarchy, a Level 2 investment. The investment strategy of ECMC Foundation is to diversify risk and provide a return that satisfies the short- and long-term objectives. The Apportioned Investment Pool has unfunded commitments of approximately $494,718,000 in alternative investments. ECMC Foundation has no unfunded commitments to the Apportioned Investment Pool at December 31, 2021. |
| Form 990, Part XI, Line 5 Net unrealized gain on investments | Net unrealized gain on investment in the ECMC Group, Inc. Apportioned Investment Pool are $260,841,766. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | Grants awarded in a prior year and returned or refunded in 2021. The awards were correctly recorded in the prior years on ECMC Foundation's books. - 236092; Rounding adjustment because dollars are reported in thousands on the audited financial statements - -2110; |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | 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 Corporation | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411778617 | Guarantor | MN | 501(c)(3) | 10 | ECMC Group Inc | false |
| ECMC Group Inc | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411991995 | Education Finance | DE | 501(c)(3) | Type II | NA | false |
| ECMC Education Inc | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 472237488 | Career Colleges | DE | 501(c)(3) | 2 | ECMC Group Inc | false |
| ECMC Revenue Management Corporation | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 831761663 | Student Loan Default Resolution | DE | 501(c)(3) | 10 | Educational Credit Management Corporation | false |
| ECMC Services Inc | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 831763915 | Student Loan Repayment Services | DE | 501(c)(3) | 10 | Educational Credit Management Corporation | false |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (19 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ATX A-Team The Guild LP | ||||||||||||
| 500 W Second St | Ste 1900 153 | Austin | TX | 78701 | 843490066 | Investments | TX | NA | N/A | false | false | |
| ATX Venture Partners IV LP | ||||||||||||
| 500 W Second St | Ste 1900 153 | Austin | TX | 78701 | 872760203 | Investments | DE | NA | N/A | false | false | |
| Aubrey Gems Partners LP | ||||||||||||
| 800 Third Ave | 28th Fl | New York | NY | 10022 | 365009933 | Investments | NY | NA | N/A | false | false | |
| BST 052 a series of SAX Capital Series Fund III LP | ||||||||||||
| PO Box 3217 | Seattle | WA | 98114 | 853876811 | Investments | DE | NA | N/A | false | false | ||
| CRP VF IV GP LP | ||||||||||||
| 7600 N Cap of TX Hwy | Bldg B Ste 130 | Austin | TX | 78731 | 863644095 | Investments | DE | NA | N/A | false | false | |
| Capridge Partners Value Fund IV LP | ||||||||||||
| 7600 N Cap of TX Hwy | Bldg B Ste 130 | Austin | TX | 78731 | 863617471 | Investments | DE | NA | N/A | false | false | |
| Chloe Capital Fund I LP | ||||||||||||
| 700 Cascadilla St | Ste 201 | Ithaca | NY | 14850 | 844269068 | Investments | DE | NA | N/A | false | false | |
| Commonfund Capital Secondaries Opportunities Fund LP | ||||||||||||
| 15 Old Danbury Rd | Wilton | CT | 06897 | 842082338 | Investments | DE | NA | N/A | false | false | ||
| ECMC-UV Co-Investment Fund LP | ||||||||||||
| 104 W 40th St | Ste 1600 | New York | NY | 10018 | 813873029 | Investments | DE | NA | N/A | false | false | |
| GEM Mining 4 LLC | ||||||||||||
| 550 S Main St | Ste 310 | Greenville | SC | 29601 | 871562792 | Investments | DE | NA | N/A | false | false | |
| 1 North China A Equity Fund LLC | ||||||||||||
| 1 N Wacker Dr | Chicago | IL | 60606 | 844524632 | Investments | DE | NA | N/A | false | false | ||
| OnRamp Education and Workforce Innovation Fund I LLC | ||||||||||||
| 821 E Washington Ave | Ste 200-G | Madison | WI | 53703 | 843999115 | Investments | DE | NA | N/A | false | false | |
| PC-1 Developers LLC | ||||||||||||
| 3600 Mayberry Dr | Reno | NV | 89509 | 831603672 | Investments | NV | NA | N/A | false | false | ||
| R7 Family Fund LP | ||||||||||||
| 100 S Wacker Dr | Ste 1675 | Chicago | IL | 60606 | 851019413 | Investments | DE | NA | N/A | false | false | |
| RI Fund I a series of Boost VC SPV LP | ||||||||||||
| PO Box 3217 | Seattle | WA | 98114 | 874641779 | Investments | NA | N/A | false | false | CJ | ||
| Tabor Offshore Opportunities Ltd | ||||||||||||
| co Tabor Asset Management LP | 11 E 44th St Ste 705 | New York | NY | 10017 | Investments | NA | N/A | false | false | CJ | ||
| UP Fund I a series of Boost VC SPV LP | ||||||||||||
| PO Box 3217 | Seattle | WA | 98114 | 851519551 | Investments | DE | NA | N/A | false | false | ||
| VVP Zipari Co-Investment LLC | ||||||||||||
| 2784 Homestead Rd | 375 | Santa Clara | CA | 95051 | 850778306 | Investments | DE | NA | N/A | false | false | |
| WY Fund I a series of Boost VC SPV LP | ||||||||||||
| PO Box 3217 | Seattle | WA | 98114 | 851519506 | Investments | DE | NA | N/A | false | false | ||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Oakdale Investment Management Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 352085743 | Holding Investments | DE | ECMC Group Inc | C Corporation | false |
| ECMC Holdings Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411991992 | Strategic Oversight | DE | ECMC Group Inc | C Corporation | false |
| Educational Credit Services Company | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411992001 | Private Loans | DE | ECMC Holdings Corporation | C Corporation | false |
| ECMC Records & Rec Mgmt Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411989959 | Document Management | DE | ECMC Holdings Corporation | C Corporation | false |
| ECMC Management Services Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411989960 | Management Services | DE | ECMC Holdings Corporation | C Corporation | false |
| ECMC Technology Services Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411989958 | Technology Services | DE | ECMC Holdings Corporation | C Corporation | false |
| ECMC Servicing Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 471154366 | Loan Servicing | DE | ECMC Holdings Corporation | C Corporation | false |
| ECMC Private Market Opportunities LP | ||||||||||
| 156 W 56th St | Cityspire Bldg Squad 301 | New York | NY | 10019 | 842552668 | Investments | DE | ECMC Group Inc | C Corporation | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule R, Part V, Line 1n Sharing of Facilities, Equipment, or Other Assets with Related Org(s) | $477,552 Allocated Expenses for Facilities, Equipment, Mailing Lists or Other Assets Shared with ECMC Group, Inc. |
| Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses | $461,789 Reimbursement Paid to ECMC Group, Inc. for Expenses. |
| Schedule R, Part I Disregarded Entities of Related Organizations | 1(a)-Name. Oakdale Student Loan Funding, LLC (27-1914648), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 1(b)-Primary activity. Holding FFELP Loans. 1(c)-Legal domicile. DE. 1(f)-Direct controlling entity. ECMC Group, Inc. 2(a)-Name. ECMC Shared Services Company, LLC (81-0690960), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 2(b)-Primary activity. Support Services Functions. 2(c)-Legal domicile. DE. 2(f)-Direct controlling entity. ECMC Group, Inc. 3(a)-Name. Patriot Student Loan Capital, LLC (81-3501777), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 3(b)-Primary activity. Trust Student Loans. 3(c)-Legal domicile. DE. 3(f)-Direct controlling entity. ECMC Group, Inc. |
| Schedule R, Part V, Line 1b Gift, Grant, or Capital Contribution to Related Organization(s) | $2,000,000 grants awarded by ECMC Foundation to ECMC Education, Inc. for career readiness initiatives and programs, which further its mission to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities. |
| Schedule R, Part V, Line 1o Sharing of Paid Employees with Related Organization(s) | $617,005 Allocated Expenses for Paid Employees Shared with ECMC Shared Services Company, LLC, a Wholly Owned Subsidiary of ECMC Group, Inc., a Related Organization. |
| Schedule R, Part V, Line 1b Gift, Grant, or Capital Contribution to Related Organization(s) | $1,910,000 grants awarded by ECMC Foundation to Educational Credit Management Corporation for College Success initiatives. |
| Schedule R, Part V, Line 1o Sharing of Paid Employees with Related Organization(s) | $1,366,776 Allocated Expenses for Paid Employees Shared with ECMC Group, Inc. |
| Schedule R, Part V, Line 1c Gift, Grant, or Capital Contribution From Related Organization(s) | $2,024,000 contribution from ECMC Group, Inc. |
| Schedule R, Part V, Line 1c Gift, Grant, or Capital Contribution From Related Organization(s) | $44,819,000 contribution from Educational Credit Management Corporation. |
| Schedule R, Part V, Line 1b Gift, Grant, or Capital Contribution to Related Organization(s) | $200,000 grant awarded to ECMC Group, Inc. for Education Innovation Ventures. |