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ECMC EDUCATION INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ECMC EDUCATION INC (EIN 47-2237488)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-10
IRS object ID
202233149349307193
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

FieldValueIRS element (for citing)
Return2022-11-10T20:00:33-06:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14200 Wells Fargo Center 90 South SeAddressLine1Txt
Address Line2venth StAddressLine2Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472237488EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ECMC Education IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlECMCBusinessNameControlTxt
Phone6512210566PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 Washington Ave So 1400AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMartin A ScanlonPersonNm
Person TitleCFO & TreasurerPersonTitleTxt
Signature2022-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMartinPersonFirstNm
Person LastScanlonPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJason DivinePreparerPersonNm
PTINP01076050PTIN
Phone6123055000PhoneNum
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1Altierus Career College and Altierus Training SolutionsBusinessNameLine1Txt

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Daniel S FisherBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 Washington Ave So 1400AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$59,276,530GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.ecmceducation.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionECMC Education, Inc.'s mission is to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee321TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$56,629,859PYContributionsGrantsAmt
CY Contributions Grants$35,292,458CYContributionsGrantsAmt
PY Program Service Revenue$20,861,685PYProgramServiceRevenueAmt
CY Program Service Revenue$23,971,906CYProgramServiceRevenueAmt
PY Investment Income-$13PYInvestmentIncomeAmt
CY Investment Income$3,000CYInvestmentIncomeAmt
PY Other Revenue$32,065PYOtherRevenueAmt
CY Other Revenue$9,166CYOtherRevenueAmt
PY Total Revenue$77,523,596PYTotalRevenueAmt
CY Total Revenue$59,276,530CYTotalRevenueAmt
PY Grants And Similar Paid$1,523,512PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$7,114,388CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$17,646,240PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$18,549,427CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$18,525,657PYOtherExpensesAmt
CY Other Expenses$25,361,271CYOtherExpensesAmt
PY Total Expenses$37,695,409PYTotalExpensesAmt
CY Total Expenses$51,025,086CYTotalExpensesAmt
PY Revenues Less Expenses$39,828,187PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$8,251,444CYRevenuesLessExpensesAmt
Total Assets BOY$10,196,836TotalAssetsBOYAmt
Total Assets EOY$8,920,568TotalAssetsEOYAmt
Total Liabilities BOY$53,565,499TotalLiabilitiesBOYAmt
Total Liabilities EOY$44,038,729TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$43,368,663NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$35,118,161NetAssetsOrFundBalancesEOYAmt
MissionECMC Education, Inc.'s mission is to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$28,386,241ExpenseAmt
Grant$0GrantAmt
Revenue$23,706,526RevenueAmt
DescInstruction and Student Services. ECMC Education, Inc., dba Altierus Career College and Altierus Training Solutions, is a nonprofit provider of career school training in the postsecondary education industry offering educational opportunities with an emphasis in allied health and trades. ECMC Education, Inc. engages with faculty, industry leaders, and employers to help identify skills, competencies, behaviors and certifications that fit the needs of the marketplace and enhance each graduate's ability to find a job in his or her chosen field. The schools are accredited to grant diploma, associate and bachelor's degrees. In 2019, ECMC Education, Inc. launched Altierus Training Solutions to build on and extend its core educational offerings by providing comprehensive training capabilities, ranging from plug-in solutions to fully custom programs, building on our strong relationships with employers and their insights into the real-world needs for their workers. In 2020, the initiative was reported as a separate program on the Form 990. ECMC Education, Inc. serves a non-traditional, underserved student population: 84% of ECMC Education, Inc. students are eligible for Pell Grants (66% are eligible for full Pell Grants); 66% of ECMC Education, Inc.'s student body is female; 88% of students are non-white; 55% of students are older than 25 years old; 64% of ECMC Education, Inc.'s students are first-time, first-year college students; and only 27% of students depend upon their parents' or guardians' financial resources. ECMC Education, Inc. delivers services that make a student's transition from high school to a postsecondary institution as easy and straightforward as possible. ECMC Education, Inc. delivers a holistic learning experience by providing students with individualized academic support through academic counseling, tutoring, and remedial education services that furnish tools and resources necessary for successful program completion; financial literacy counseling to assist students in managing their student loans and to help minimize their student loan debt; and career counseling to promote meaningful employment after graduation in the student's field of study. Learning resource centers on ECMC Education, Inc. campuses support academic programs by providing books, shop and service manuals, periodicals, computers and curriculum-based online resources. The learning resource centers are staffed with trained professionals to assist in the research needs of students and faculty. The education ECMC Education, Inc. students receive emphasizes employability and professional accomplishment. The academic and career success of our graduates is paramount. ECMC Education, Inc.'s holistic approach focuses on the goal of graduation and job placement, emphasizing student attendance, overall attitude, academic performance and self-directed job search skills acquired through working with the career services staff. ECMC Education, Inc.'s career services experts provide students with placement assistance, including preparation of resumes and letters of introduction, interviewing techniques and job referrals. ECMC Education, Inc. career services professionals also arrange on-campus employer visits, lectures, career fairs and field trips to enhance the likelihood that students will obtain well-paying jobs. ECMC Education, Inc. also offers student activities that encourage school spirit and develop student leadership, including intramural sports, clubs, professional development programs, resource fairs and other extracurricular activities planned year-round. On April 13, 2022, ECMC Group, Inc., the parent of ECMC Education, Inc., announced that the three remaining Altierus Career College campuses would be taught out. It is anticipated that these teachouts will be completed in 2024. The change is part of ECMC Group, Inc.'s plan to concentrate primarily on its Educational Credit Management Corporation guarantor-related activities, ECMC Foundation and education impact investing. As of December 31, 2021, ECMC Education, Inc. enrolls approximately 1,300 students and operates three schools in three states under the Altierus brand.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$7,114,388ExpenseAmt
Grant$7,114,388GrantAmt
Revenue$0RevenueAmt
DescGrants and Scholarships. ECMC Education, Inc. offers the following scholarship and grant programs to make college affordable for our students: Altierus Grants, American Dream Scholarships, In It Together Scholarships, Employee and Military Scholarships. Funds are available to pay for tuition, books and fees. The Altierus American Dream Scholarship is a multimillion-dollar institutional scholarship program available to new students and who were referred by a leader in the local community; these students are eligible to apply for an Altierus American Dream New Student Scholarship up to $2,000. In 2021, ECMC Education, Inc. distributed a $2,000 Altierus American Dream Scholarship to two students. The Altierus Grant is an institutional grant program awarded on an annual basis to students of Altierus schools owned by ECMC Education, Inc. who demonstrate financial need. The amount and source of the grant, which can be up to $10,000 per academic year, is available for new and continuing students and may vary by student based on the demonstrated financial assistance needed, and institutional grant funding availability. In 2021, ECMC Education, Inc. distributed more than $1.4 million in Altierus Grants to 555 students. Altierus Military Scholarships offer up to 50% of tuition per term or academic period for military personnel serving in the Armed Forces, and up to 10% of tuition per term or academic period for their spouses, as well as for veterans and their dependents using VA Education Benefits. In 2021, ECMC Education, Inc. distributed nearly $300,000 in Military Scholarships to 251 military personnel, veterans and their dependents. Financial aid grants were also awarded to students from funds allocated to ECMC Education, Inc. under the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 and the American Rescue Plan Act of 2021. Under these programs ECMC Education, Inc. made nearly $5.4 million grants to 1,942 students. The Acts stipulate that the financial aid grants to students may be used for any component of their costs of attendance or for emergency costs that arise due to the COVID-19 pandemic. As of December 31, 2021, ECMC Education, Inc. enrolls approximately 1,300 students and operates three schools in three states under the Altierus brand.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$3,802,331ExpenseAmt
Grant$0GrantAmt
Revenue$271,186RevenueAmt
DescAltierus Training Solutions. In support of career and technical education (CTE) ECMC Education, Inc. seeks to build partnerships with educators, employers and policymakers to train essential workers. Through investments in virtual learning technology, product development capabilities for employer solutions and thought leadership activities to foster industry collaboration, ECMC Education, Inc. seeks to align its areas of expertise with the experience and needs of business while also setting employees on a track for career advancement and success. In 2019, ECMC Education, Inc. launched Altierus Training Solutions (ATS) to build on and extend its core educational offerings by providing comprehensive training capabilities, ranging from plug-in solutions to fully custom programs, building on our strong relationships with employers and their insights into the real-world needs for their workers. In 2020, ATS began a successful partnership with a national employer. Through a collaborative approach, we built a technology-driven training program to upskill their technicians. The online training platform enables the technicians to develop advanced skills in a remote environment, while also eliminates the disruption in customer service and added cost associated with travel to traditional training centers. On April 13, 2022, ECMC Group, Inc., the parent of ECMC Education, Inc., announced the closure of Altierus Training Solutions. The change is part of ECMC Group, Inc.'s plan to concentrate primarily on its Educational Credit Management Corporation guarantor-related activities, ECMC Foundation and education impact investing.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$39,302,960TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2496IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee321EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncYes (true)SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Martin A ScanlonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6512210566PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 Washington Ave So Ste 1400AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Derek Langhauser
Director1.09.0Yes (X)$0$130,000$0
Diana J Ingram
Director1.09.0Yes (X)$0$138,750$0
Jack O'Connell
Director1.07.0Yes (X)$0$135,000$0
James Runcie
Director1.09.0Yes (X)$0$86,250$0
James V McKeon
Director1.016.0Yes (X)$0$193,750$0
Jennifer Anderson
Director1.08.0Yes (X)$0$91,875$0
Jeremy J Wheaton
President & CEO, ECMC Group, Inc. (until 07-02-22)0.040.0Yes (X)$0$1,241,931$121,714
Julia S Gouw
Director1.08.0Yes (X)$0$155,000$0
K Paul Singh
Board Chair ECMC Education1.012.0Yes (X)$0$142,500$0
Maurice M Salter
Director1.09.0Yes (X)$0$157,500$0
Andrea Adams
VP, Altierus Training Solutions40.00$139,627$0$26,314Yes (X)
Daniel S Fisher
Group President & CEO (eff. 07-03-22); Group Gen Counsel & Corp Sec & ECMC Pres (until 07-02-22)0.040.0$0$823,522$100,834Yes (X)
Jacob N Kassuba
VP, Campus Operations40.00$232,835$0$60,961Yes (X)
Jennifer M Erpelding
VP, Chief Academic Officer40.00$197,591$0$47,635Yes (X)
Jeremy W Ericson
VP, Marketing40.00$243,243$0$58,444Yes (X)
Joni Kurland
VP, Accreditation, Licensing and Campus Compliance40.00$181,736$0$24,488Yes (X)
Martin A Scanlon
CFO & Treasurer0.040.0$0$709,896$91,649Yes (X)
Todd Steele
President, ECMC Education (until 02-01-22)40.00$445,494$0$74,138Yes (X)
Gregory Garrett
Campus Director40.00$158,311$0$20,474Yes (X)
Lyn Cross
AVP, Financial Aid Operations Support40.00$129,624$0$33,395Yes (X)
Richard Jackson
AVP, Enrollment40.00$132,112$0$15,738Yes (X)
Susan Samek
Compliance Director and Title IX Coordinator40.00$126,252$0$28,636Yes (X)
Thomas O'Donnell
Former SVP, Growth and Development40.00$255,969$0$5,016Yes (X)
Gregory A Van Guilder
Former Treasurer; current CIO, ECMC Group0.040.0$0$1,338,903$106,613Yes (X)
I King Jordan
Former Director0.00.0$0$30,000$0Yes (X)
John F DePodesta
Former Board Chair0.00.0$0$75,000$0Yes (X)
Peter J Taylor
Former President & CEO, current President & Director, ECMC Foundation0.040.0$0$679,533$153,241Yes (X)
Roberta Cooper Ramo
Former Director0.00.0$0$60,000$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,242,794TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$6,189,410TotReportableCompRltdOrgAmt
Total Other Compensation$969,290TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K17IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line2ContractorAddress/USAddress/AddressLine2Txt
Validated Insights Inc
961 Cumberland LnBuffalo GroveIL60089Marketing Professional Services$4,276,382
Kustom US Inc
3307 E Kilgore RdKalamazooMI49001Facility Services$2,027,842
Solution Design Group Inc
7500 Olson Memorial HwyGolden ValleyMN55427IT Services & Support$1,570,308
CDW
PO Box 75723ChicagoIL60675IT Services & Support$1,119,806
Jones Lang Lasalle Americas Inc
71700 Treasury CenterChicagoIL60694Facility Services$549,828Lockbox 33845
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K15CntrctRcvdGreaterThan100KCnt
Related Organizations$28,626,736RelatedOrganizationsAmt
Government Grants$6,665,722GovernmentGrantsAmt
Total Contributions$35,292,458TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescInstructionDesc
Business611310BusinessCd
Total Revenue Column$23,971,906TotalRevenueColumnAmt
Related Or Exempt Func Income$23,971,906RelatedOrExemptFuncIncomeAmt

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$23,971,906TotalProgramServiceRevenueAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$3,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other$3,000OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,000TotalRevenueColumnAmt
Exclusion$3,000ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
Miscellaneous900099$5,806$5,806
Intercompany Servicing Revenue900099$3,360$3,360

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$9,166OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$59,276,530TotalRevenueColumnAmt
Related Or Exempt Func Income$23,977,712RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$6,360ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$13,129TotalAmt
Program Services$13,129ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$7,101,259TotalAmt
Program Services$7,101,259ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,993,490TotalAmt
Program Services$704,963ProgramServicesAmt
Management And General$1,288,527ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$13,800,087TotalAmt
Program Services$11,707,514ProgramServicesAmt
Management And General$2,092,573ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$558,097TotalAmt
Program Services$466,884ProgramServicesAmt
Management And General$91,213ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,127,164TotalAmt
Program Services$1,034,181ProgramServicesAmt
Management And General$92,983ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,070,589TotalAmt
Program Services$961,044ProgramServicesAmt
Management And General$109,545ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$52,154TotalAmt
Management And General$52,154ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$168,600TotalAmt
Management And General$168,600ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$29,171TotalAmt
Management And General$29,171ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,693,033TotalAmt
Program Services$5,496,729ProgramServicesAmt
Management And General$196,304ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,754,279TotalAmt
Program Services$3,751,877ProgramServicesAmt
Management And General$2,402ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$378,273TotalAmt
Program Services$261,236ProgramServicesAmt
Management And General$117,037ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,267,208TotalAmt
Program Services$681,834ProgramServicesAmt
Management And General$585,374ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,083,748TotalAmt
Program Services$2,986,392ProgramServicesAmt
Management And General$97,356ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$279,930TotalAmt
Program Services$208,751ProgramServicesAmt
Management And General$71,179ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$31,964TotalAmt
Program Services$21,509ProgramServicesAmt
Management And General$10,455ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$108,000TotalAmt
Program Services$108,000ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$131,680TotalAmt
Program Services$91,992ProgramServicesAmt
Management And General$39,688ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$621,001TotalAmt
Program Services$582,554ProgramServicesAmt
Management And General$38,447ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
Impairment$3,904,714$3,904,714
§4968 Excise Tax on Net Investment Income of ECMC Group, Inc.$2,692,292$2,692,292
Bookstore$1,850,688$1,850,688
Student Services$589,401$589,401

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$725,135TotalAmt
Program Services$683,023ProgramServicesAmt
Management And General$42,112ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$51,025,086TotalAmt
Program Services$39,302,960ProgramServicesAmt
Management And General$11,722,126ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$6,266,518BOYAmt
EOY$6,554,106EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$736,627BOYAmt
EOY$316,545EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$221,213BOYAmt
EOY$496,993EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,544,122BOYAmt
EOY$1,062,175EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$834,537LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$390,926LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$367,111BOYAmt
EOY$443,611EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,061,245BOYAmt
EOY$47,138EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,196,836BOYAmt
EOY$8,920,568EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$48,766,298BOYAmt
EOY$40,029,205EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$642,004BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,753,520BOYAmt
EOY$3,012,530EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,403,677BOYAmt
EOY$996,994EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$53,565,499BOYAmt
EOY$44,038,729EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$44,238,015BOYAmt
EOY-$35,118,161EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$869,352BOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$43,368,663BOYAmt
EOY-$35,118,161EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,196,836BOYAmt
EOY$8,920,568EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$8,251,444ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$942OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementYes (true)PaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$30,102DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$30,102TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYFormAndLineReferenceDesc
ExplanationGeneral lobbying activities on legislative issues of relevance to ECMC Education, Inc.ExplanationTxt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$869,352BeginningYearBalanceAmt
Other Expenditures$869,352OtherExpendituresAmt
End Year Balance$0EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,547,279BeginningYearBalanceAmt
Other Expenditures$2,677,927OtherExpendituresAmt
End Year Balance$869,352EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
Contributions$3,547,279ContributionsAmt
End Year Balance$3,547,279EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
End Year Balance$0EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
End Year Balance$0EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.0BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.0PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$64,317OtherCostOrOtherBasisAmt
Depreciation$914DepreciationAmt
Book Value$63,403BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$769,514OtherCostOrOtherBasisAmt
Depreciation$389,671DepreciationAmt
Book Value$379,843BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$706OtherCostOrOtherBasisAmt
Depreciation$341DepreciationAmt
Book Value$365BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$443,611TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (9 entries)

DescDescAmtAmt
Lease Incentive Obligation$262,586
Earn out Agreement Liability with ED
Due to ECMC Foundation
Deferred Grant Revenue
Due to ECMC Group, Inc.$268,324
Due to Educational Credit Management Corporation$22,538
Due to ECMC Shared Services Company, LLC$443,546
Due to ECMC Holdings Corporation
Student Accounts Liability
FieldValueIRS element (for citing)
Total Liability$996,994TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$30,945,000TotalRevEtcAuditedFinclStmtAmt
Other Revenue$0OtherRevenueAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$30,945,000RevenueSubtotalAmt
Other Revenues Not Included$28,331,530OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$28,331,530RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$59,276,530TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$46,628,000TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$46,628,000ExpensesSubtotalAmt
Other Expenses Not Included$4,397,086OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$4,397,086ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$51,025,086TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe FIN 48 (ASC 740) disclosure in the ECMC Education, Inc. financial statements reads as follows: "Education is exempt from tax on related income under Section 501(c)(3) and qualifies as a public charity under Section 509(a)(1) of the Internal Revenue Code. Education is also exempt from state income tax. However, any unrelated business income may be subject to taxation. Education follows the accounting standards for contingencies 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 Education for uncertain tax positions as of December 31, 2021 and 2020. Education 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 statementsContributions from ECMC Group, Inc. - 26626736 ECMC Education, Inc. scholarships and financial assistance - 1616056 ECMC Education, Inc. SEOG Grant FA Match - 88738
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statementsExpense accrued by ECMC Group, Inc. on behalf of ECMC Education, Inc. for §4968 excise tax on net investment income of ECMC Group, Inc. and subsidiaries - 2692292 ECMC Education, Inc. scholarships and financial assistance - 1616056 ECMC Education, Inc. SEOG Grant FA Match - 88738

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediafalsePlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolfalseMaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYECMC Education, Inc.'s racially nondiscriminatory policy is published in the school catalog, in materials provided to prospective students and to matriculated students. In accordance with IRS Rev. Proc. 75-50, subsection 2(c) applies as ECMC Education, Inc. draws students from diverse populations and does not discriminate against any race, color, ethnicity, national origin or any other protected class.
Schedule E, Part I, Line 4(d) RECORDS AND COPIES MAINTAINED BY THE ORGANIZATIONNo contributions are solicited.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTECMC Education, Inc. participates in U.S. Department of Education Supplemental Educational Opportunity Grant and Pell grant programs, and was awarded approximately $6.6 million (institutional and student portions) through the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 and the American Rescue Plan Act of 2021.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Student Scholarships and Financial Assistance827$1,704,294
Higher Education Emergency Grants Awarded to Students1942$5,396,965

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule I, Part III Student Scholarships and Financial AssistanceECMC Education, Inc. provides scholarship and financial assistance to students for tuition, books and fees. In 2021, Scholarship and grant programs include Altierus Grants, American Dream Scholarships, In It Together Scholarships, Employee and Military Scholarships. Awards are based on eligibility and are credited to each student's account.
Schedule I, Part III Higher Education Emergency Grants Awarded to StudentsFinancial aid grants to students made under the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 and the American Rescue Plan Act of 2021 may be used for any component of their costs of attendance or for emergency costs that arise due to the COVID-19 pandemic.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.A variety of student financing options are available to help students finance their education costs. Information about programs and eligibility requirements is available through the Student Finance Office. Enrollment and eligibility in ECMC Education, Inc. scholarships and grants are monitored internally. Other awards are monitored by the respective granting agencies.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsYes (true)CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsYes (true)CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (21 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Roberta Cooper Ramo
Former Director$0$60,000$0$0$0$0$0$0$0$0$0$60,000$0$0
John F DePodesta
Former Board Chair$0$75,000$0$0$0$0$0$0$0$0$0$75,000$0$0
I King Jordan
Former Director$0$30,000$0$0$0$0$0$0$0$0$0$30,000$0$0
Julia S Gouw
Director$0$155,000$0$0$0$0$0$0$0$0$0$155,000$0$0
James V McKeon
Director$0$193,750$0$0$0$0$0$0$0$0$0$193,750$0$0
Maurice M Salter
Director$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
Peter J Taylor
Former President & CEO, current President & Director, ECMC Foundation$0$487,526$0$80,000$0$112,007$0$133,330$0$19,911$0$832,774$0$94,985
Gregory A Van Guilder
Former Treasurer; 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
Andrea Adams
VP, Altierus Training Solutions$138,370$0$0$0$1,257$0$16,208$0$10,106$0$165,941$0$0$0
Jeremy W Ericson
VP, Marketing$177,636$0$63,660$0$1,947$0$29,643$0$28,801$0$301,687$0$0$0
Jennifer M Erpelding
VP, Chief Academic Officer$144,558$0$50,505$0$2,528$0$20,462$0$27,173$0$245,226$0$0$0
Daniel S Fisher
Group President & CEO (eff. 07-03-22); Group Gen Counsel & Corp Sec & 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
Jacob N Kassuba
VP, Campus Operations$165,133$0$65,469$0$2,233$0$28,027$0$32,934$0$293,796$0$0$0
Joni Kurland
VP, Accreditation, Licensing and Campus Compliance$132,675$0$46,455$0$2,606$0$21,775$0$2,713$0$206,224$0$0$0
Martin A Scanlon
CFO & Treasurer$0$366,173$0$320,702$0$23,021$0$59,142$0$32,507$0$801,545$0$19,500
Todd Steele
President, ECMC Education (until 02-01-22)$275,580$0$142,888$0$27,026$0$43,973$0$30,165$0$519,632$0$6,687$0
Lyn Cross
AVP, Financial Aid Operations Support$129,006$0$0$0$618$0$16,006$0$17,389$0$163,019$0$0$0
Gregory Garrett
Campus Director$133,419$0$23,500$0$1,392$0$18,930$0$1,544$0$178,785$0$0$0
Thomas O'Donnell
Former SVP, Growth and Development$17,476$0$0$0$238,493$0$2,712$0$2,304$0$260,985$0$1,633$0
Susan Samek
Compliance Director and Title IX Coordinator$115,458$0$10,000$0$794$0$15,654$0$12,982$0$154,888$0$0$0

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a Travel for companionsECMC Group, Inc.'s travel policy had an exception that was approved by the CFO (and deviations from any provision of the policy must be approved in writing by an officer in conjunction with the ECMC Group, Inc. CFO). In 2021, ECMC Education paid travel expenses for an ECMC Education employee's spouse to attend a company-sponsored event. The exception to policy was approved.
Schedule J, Part I, Line 1a Tax indemnification and gross-up paymentsCertain taxable benefits are grossed up to make the employee whole; this has been approved by the Board of Directors.
Schedule J, Part I, Line 4a Severance or change-of-control paymentThe following received a severance payment in 2021: Thomas O'Donnell - $209,681
Schedule J, Part I, Line 4b Supplemental nonqualified retirement planECMC 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 organizationECMC 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 organizationECMC 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 (13 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 13 Whistleblower PolicyThe 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 personsMr. McKeon and Mr. Salter - Business relationship
Form 990, Part VI, Line 6 Classes of members or stockholdersECMC Education, Inc. 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 bodyECMC Group, Inc. has the right to elect and/or approve all the directors of the ECMC Education, Inc. Board of Directors.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholdersECMC Group, Inc., the sole member of ECMC Education, Inc., retains the following authority over ECMC Education, Inc.: 1. To authorize amendments to the Articles of Incorporation and Bylaws. 2. To approve the strategic and financial plans. 3. To elect and/or approve the members of the Board of Directors. 4. To oversee coordination of programs and services offered. 5. To authorize formation, governance and dissolution.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyAll 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 policyOfficers, 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 officialThe following describes the ECMC Group, Inc., Educational Credit Management Corporation (ECMC) and ECMC Education, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 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 both nonprofit and for-profit entities.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesThe following describes the ECMC Group, Inc., Educational Credit Management Corporation (ECMC) and ECMC Education, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 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 both nonprofit and for-profit entities.
Form 990, Part VI, Line 19 Required documents available to the publicDocuments are made available to the public as required by law.
Form 990, Part VII, Section A ConsultingJohn F. DePodesta, Roberta Cooper Ramo and I. King Jordan, former Directors, had consulting agreements in 2021.
Form 990, Part IX, Line 11g Other FeesProfessional Service - Total Expense: 5131087, Program Service Expense: 4960562, Management and General Expenses: 170525, Fundraising Expenses: ; Contractor Services - Total Expense: 297194, Program Service Expense: 289950, Management and General Expenses: 7244, Fundraising Expenses: ; Facilities Expense - Total Expense: 264752, Program Service Expense: 246217, Management and General Expenses: 18535, Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesRounding adjustment because dollars are reported in thousands on the audited financial statements - -942;

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
ECMC Group Inc
111 Washington Ave SoSte 1400MinneapolisMN55401411991995Education FinanceDE501(c)(3)Type IINAfalse
Educational Credit Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411778617GuarantorMN501(c)(3)10ECMC Group Incfalse
ECMC Foundation
111 Washington Ave SoSte 1400MinneapolisMN55401411990628Promote EducationDE501(c)(3)Type IIECMC Group Incfalse
ECMC Revenue Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401831761663Student Loan Default ResolutionDE501(c)(3)10Educational Credit Management Corporationfalse
ECMC Services Inc
111 Washington Ave SoSte 1400MinneapolisMN55401831763915Student Loan Repayment ServicesDE501(c)(3)10Educational Credit Management Corporationfalse

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (19 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
ATX A-Team The Guild LP
500 W Second StSte 1900 153AustinTX78701843490066InvestmentsTXNAN/Afalsefalse
ATX Venture Partners IV LP
500 W Second StSte 1900 153AustinTX78701872760203InvestmentsDENAN/Afalsefalse
Aubrey Gems Partners LP
800 Third Ave28th FlNew YorkNY10022365009933InvestmentsNYNAN/Afalsefalse
BST 052 a series of SAX Capital Series Fund III LP
PO Box 3217SeattleWA98114853876811InvestmentsDENAN/Afalsefalse
CRP VF IV GP LP
7600 N Cap of TX HwyBldg B Ste 130AustinTX78731863644095InvestmentsDENAN/Afalsefalse
Capridge Partners Value Fund IV LP
7600 N Cap of TX HwyBldg B Ste 130AustinTX78731863617471InvestmentsDENAN/Afalsefalse
Chloe Capital Fund I LP
700 Cascadilla StSte 201IthacaNY14850844269068InvestmentsDENAN/Afalsefalse
Commonfund Capital Secondaries Opportunities Fund LP
15 Old Danbury RdWiltonCT06897842082338InvestmentsDENAN/Afalsefalse
ECMC-UV Co-Investment Fund LP
104 W 40th StSte 1600New YorkNY10018813873029InvestmentsDENAN/Afalsefalse
GEM Mining 4 LLC
550 S Main StSte 310GreenvilleSC29601871562792InvestmentsDENAN/Afalsefalse
1 North China A Equity Fund LLC
1 N Wacker DrChicagoIL60606844524632InvestmentsDENAN/Afalsefalse
OnRamp Education and Workforce Innovation Fund I LLC
821 E Washington AveSte 200-GMadisonWI53703843999115InvestmentsDENAN/Afalsefalse
PC-1 Developers LLC
3600 Mayberry DrRenoNV89509831603672InvestmentsNVNAN/Afalsefalse
R7 Family Fund LP
100 S Wacker DrSte 1675ChicagoIL60606851019413InvestmentsDENAN/Afalsefalse
RI Fund I a series of Boost VC SPV LP
PO Box 3217SeattleWA98114874641779InvestmentsNAN/AfalsefalseCJ
Tabor Offshore Opportunities Ltd
co Tabor Asset Management LP11 E 44th St Ste 705New YorkNY10017InvestmentsNAN/AfalsefalseCJ
UP Fund I a series of Boost VC SPV LP
PO Box 3217SeattleWA98114851519551InvestmentsDENAN/Afalsefalse
VVP Zipari Co-Investment LLC
2784 Homestead Rd375Santa ClaraCA95051850778306InvestmentsDENAN/Afalsefalse
WY Fund I a series of Boost VC SPV LP
PO Box 3217SeattleWA98114851519506InvestmentsDENAN/Afalsefalse

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (8 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
Oakdale Investment Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401352085743Holding InvestmentsDEECMC Group IncC Corporationfalse
ECMC Holdings Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411991992Strategic OversightDEECMC Group IncC Corporationfalse
Educational Credit Services Company
111 Washington Ave SoSte 1400MinneapolisMN55401411992001Private LoansDEECMC Holdings CorporationC Corporationfalse
ECMC Records & Rec Mgmt Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989959Document ManagementDEECMC Holdings CorporationC Corporationfalse
ECMC Management Services Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989960Management ServicesDEECMC Holdings CorporationC Corporationfalse
ECMC Technology Services Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989958Technology ServicesDEECMC Holdings CorporationC Corporationfalse
ECMC Servicing Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401471154366Loan ServicingDEECMC Holdings CorporationC Corporationfalse
ECMC Private Market Opportunities LP
156 W 56th StCityspire Bldg Squad 301New YorkNY10019842552668InvestmentsDEECMC Group IncC Corporationfalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (true)LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule R, Part I Disregarded Entities of Related Organizations1(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 1c Gift, grant, or capital contribution from related organization(s)$2,000,000 grants made by ECMC Foundation to ECMC Education, Inc. to fund programs with a focus on career readiness in support of ECMC Foundation's mission to improve higher education and career success among underserved populations through evidence-based innovation.
Schedule R, Part V, Line 1m Performance of services by related organization(s)$108,000 for default aversion services were paid to Educational Credit Management Corporation.
Schedule R, Part V, Line 1c Gift, grant, or capital contribution from related organization(s)$26,626,736 contributions made by ECMC Group, Inc. to ECMC Education, Inc. $23,934,444 contribution made by ECMC Group, Inc. to ECMC Education, Inc. to support its mission to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities. $2,692,292 contribution for expense accrued by ECMC Group, Inc. on behalf of ECMC Education, Inc. for section 4968 excise tax on net investment income of ECMC Group, Inc. and subsidiaries.
Schedule R, Part V, Line 1e Loans or loan guarantees by related organization(s)$150,000 contingent liability. ECMC Education, Inc. and ECMC Group, Inc., as co-applicants, established a letter of credit. The letter of credit expired in March 2021.
Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses$364,768 Paid to ECMC Shared Services Company, LLC, a wholly owned subsidiary of ECMC Group, Inc., a related organization, for expenses.
Schedule R, Part V, Line 1n Sharing of Facilities, Equipment, or Other Assets with Related Org(s)$188,609 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$91,106 Paid to ECMC Group, Inc. for expenses.
Schedule R, Part V, Line 1e Loans or loan guarantees by related organization(s)Other guarantees: ECMC Education, Inc. leases facilities under non-cancelable operating leases expiring at various dates through 2027 that are guaranteed by ECMC Group, Inc. ECMC Group, Inc. has committed to continue to provide financial support in the amount of $28 million through March 31, 2023 to help sustain the operations of ECMC Education, Inc.
Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses$53,152 Paid to Educational Credit Management Corporation for expenses.