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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-10T20:00:33-06:00 | 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 | 472237488 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECMC Education Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ECMC | BusinessNameControlTxt |
| Phone | 6512210566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Washington Ave So 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
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Altierus Career College and Altierus Training Solutions | BusinessNameLine1Txt |
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Daniel S Fisher | 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 | $59,276,530 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.ecmceducation.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | ECMC 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 Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 321 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $56,629,859 | PYContributionsGrantsAmt |
| CY Contributions Grants | $35,292,458 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $20,861,685 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $23,971,906 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$13 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,000 | CYInvestmentIncomeAmt |
| PY Other Revenue | $32,065 | PYOtherRevenueAmt |
| CY Other Revenue | $9,166 | CYOtherRevenueAmt |
| PY Total Revenue | $77,523,596 | PYTotalRevenueAmt |
| CY Total Revenue | $59,276,530 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,523,512 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,114,388 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,646,240 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,549,427 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,525,657 | PYOtherExpensesAmt |
| CY Other Expenses | $25,361,271 | CYOtherExpensesAmt |
| PY Total Expenses | $37,695,409 | PYTotalExpensesAmt |
| CY Total Expenses | $51,025,086 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $39,828,187 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,251,444 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $10,196,836 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,920,568 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $53,565,499 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $44,038,729 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$43,368,663 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$35,118,161 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ECMC 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 Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $28,386,241 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $23,706,526 | RevenueAmt |
| Desc | Instruction 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,114,388 | ExpenseAmt |
| Grant | $7,114,388 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Grants 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,802,331 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $271,186 | RevenueAmt |
| Desc | Altierus 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $39,302,960 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | 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 | Yes (true) | 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 | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | 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 | 2496 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 321 | 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 |
| Form8899 Filedind | false | Form8899Filedind |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | Yes (true) | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (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 |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Martin A Scanlon | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6512210566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Washington Ave So Ste 1400 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Derek Langhauser | |||||||||
| Director | 1.0 | 9.0 | Yes (X) | $0 | $130,000 | $0 | |||
| Diana J Ingram | |||||||||
| Director | 1.0 | 9.0 | Yes (X) | $0 | $138,750 | $0 | |||
| Jack O'Connell | |||||||||
| Director | 1.0 | 7.0 | Yes (X) | $0 | $135,000 | $0 | |||
| James Runcie | |||||||||
| Director | 1.0 | 9.0 | Yes (X) | $0 | $86,250 | $0 | |||
| James V McKeon | |||||||||
| Director | 1.0 | 16.0 | Yes (X) | $0 | $193,750 | $0 | |||
| Jennifer Anderson | |||||||||
| Director | 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 | 1.0 | 8.0 | Yes (X) | $0 | $155,000 | $0 | |||
| K Paul Singh | |||||||||
| Board Chair ECMC Education | 1.0 | 12.0 | Yes (X) | $0 | $142,500 | $0 | |||
| Maurice M Salter | |||||||||
| Director | 1.0 | 9.0 | Yes (X) | $0 | $157,500 | $0 | |||
| Andrea Adams | |||||||||
| VP, Altierus Training Solutions | 40.0 | 0 | $139,627 | $0 | $26,314 | Yes (X) | |||
| Daniel S Fisher | |||||||||
| Group President & CEO (eff. 07-03-22); Group Gen Counsel & Corp Sec & ECMC Pres (until 07-02-22) | 0.0 | 40.0 | $0 | $823,522 | $100,834 | Yes (X) | |||
| Jacob N Kassuba | |||||||||
| VP, Campus Operations | 40.0 | 0 | $232,835 | $0 | $60,961 | Yes (X) | |||
| Jennifer M Erpelding | |||||||||
| VP, Chief Academic Officer | 40.0 | 0 | $197,591 | $0 | $47,635 | Yes (X) | |||
| Jeremy W Ericson | |||||||||
| VP, Marketing | 40.0 | 0 | $243,243 | $0 | $58,444 | Yes (X) | |||
| Joni Kurland | |||||||||
| VP, Accreditation, Licensing and Campus Compliance | 40.0 | 0 | $181,736 | $0 | $24,488 | Yes (X) | |||
| Martin A Scanlon | |||||||||
| CFO & Treasurer | 0.0 | 40.0 | $0 | $709,896 | $91,649 | Yes (X) | |||
| Todd Steele | |||||||||
| President, ECMC Education (until 02-01-22) | 40.0 | 0 | $445,494 | $0 | $74,138 | Yes (X) | |||
| Gregory Garrett | |||||||||
| Campus Director | 40.0 | 0 | $158,311 | $0 | $20,474 | Yes (X) | |||
| Lyn Cross | |||||||||
| AVP, Financial Aid Operations Support | 40.0 | 0 | $129,624 | $0 | $33,395 | Yes (X) | |||
| Richard Jackson | |||||||||
| AVP, Enrollment | 40.0 | 0 | $132,112 | $0 | $15,738 | Yes (X) | |||
| Susan Samek | |||||||||
| Compliance Director and Title IX Coordinator | 40.0 | 0 | $126,252 | $0 | $28,636 | Yes (X) | |||
| Thomas O'Donnell | |||||||||
| Former SVP, Growth and Development | 40.0 | 0 | $255,969 | $0 | $5,016 | Yes (X) | |||
| Gregory A Van Guilder | |||||||||
| Former Treasurer; current CIO, ECMC Group | 0.0 | 40.0 | $0 | $1,338,903 | $106,613 | Yes (X) | |||
| I King Jordan | |||||||||
| Former Director | 0.0 | 0.0 | $0 | $30,000 | $0 | Yes (X) | |||
| John F DePodesta | |||||||||
| Former Board Chair | 0.0 | 0.0 | $0 | $75,000 | $0 | Yes (X) | |||
| Peter J Taylor | |||||||||
| Former President & CEO, current President & Director, ECMC Foundation | 0.0 | 40.0 | $0 | $679,533 | $153,241 | Yes (X) | |||
| Roberta Cooper Ramo | |||||||||
| Former Director | 0.0 | 0.0 | $0 | $60,000 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,242,794 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $6,189,410 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $969,290 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 17 | 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 (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| Validated Insights Inc | ||||||
| 961 Cumberland Ln | Buffalo Grove | IL | 60089 | Marketing Professional Services | $4,276,382 | |
| Kustom US Inc | ||||||
| 3307 E Kilgore Rd | Kalamazoo | MI | 49001 | Facility Services | $2,027,842 | |
| Solution Design Group Inc | ||||||
| 7500 Olson Memorial Hwy | Golden Valley | MN | 55427 | IT Services & Support | $1,570,308 | |
| CDW | ||||||
| PO Box 75723 | Chicago | IL | 60675 | IT Services & Support | $1,119,806 | |
| Jones Lang Lasalle Americas Inc | ||||||
| 71700 Treasury Center | Chicago | IL | 60694 | Facility Services | $549,828 | Lockbox 33845 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $28,626,736 | RelatedOrganizationsAmt |
| Government Grants | $6,665,722 | GovernmentGrantsAmt |
| Total Contributions | $35,292,458 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Instruction | Desc |
| Business | 611310 | BusinessCd |
| Total Revenue Column | $23,971,906 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,971,906 | RelatedOrExemptFuncIncomeAmt |
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 | $23,971,906 | TotalProgramServiceRevenueAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $3,000 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,000 | TotalRevenueColumnAmt |
| Exclusion | $3,000 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| Miscellaneous | 900099 | $5,806 | $5,806 | |
| Intercompany Servicing Revenue | 900099 | $3,360 | $3,360 |
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 | $9,166 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,276,530 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,977,712 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,360 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,129 | TotalAmt |
| Program Services | $13,129 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,101,259 | TotalAmt |
| Program Services | $7,101,259 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,993,490 | TotalAmt |
| Program Services | $704,963 | ProgramServicesAmt |
| Management And General | $1,288,527 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,800,087 | TotalAmt |
| Program Services | $11,707,514 | ProgramServicesAmt |
| Management And General | $2,092,573 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $558,097 | TotalAmt |
| Program Services | $466,884 | ProgramServicesAmt |
| Management And General | $91,213 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,127,164 | TotalAmt |
| Program Services | $1,034,181 | ProgramServicesAmt |
| Management And General | $92,983 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,070,589 | TotalAmt |
| Program Services | $961,044 | ProgramServicesAmt |
| Management And General | $109,545 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,154 | TotalAmt |
| Management And General | $52,154 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,600 | TotalAmt |
| Management And General | $168,600 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,171 | TotalAmt |
| Management And General | $29,171 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,693,033 | TotalAmt |
| Program Services | $5,496,729 | ProgramServicesAmt |
| Management And General | $196,304 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,754,279 | TotalAmt |
| Program Services | $3,751,877 | ProgramServicesAmt |
| Management And General | $2,402 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $378,273 | TotalAmt |
| Program Services | $261,236 | ProgramServicesAmt |
| Management And General | $117,037 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,267,208 | TotalAmt |
| Program Services | $681,834 | ProgramServicesAmt |
| Management And General | $585,374 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,083,748 | TotalAmt |
| Program Services | $2,986,392 | ProgramServicesAmt |
| Management And General | $97,356 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,930 | TotalAmt |
| Program Services | $208,751 | ProgramServicesAmt |
| Management And General | $71,179 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,964 | TotalAmt |
| Program Services | $21,509 | ProgramServicesAmt |
| Management And General | $10,455 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,000 | TotalAmt |
| Program Services | $108,000 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,680 | TotalAmt |
| Program Services | $91,992 | ProgramServicesAmt |
| Management And General | $39,688 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $621,001 | TotalAmt |
| Program Services | $582,554 | ProgramServicesAmt |
| Management And General | $38,447 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $725,135 | TotalAmt |
| Program Services | $683,023 | ProgramServicesAmt |
| Management And General | $42,112 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,025,086 | TotalAmt |
| Program Services | $39,302,960 | ProgramServicesAmt |
| Management And General | $11,722,126 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,266,518 | BOYAmt |
| EOY | $6,554,106 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $736,627 | BOYAmt |
| EOY | $316,545 | 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 |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $221,213 | BOYAmt |
| EOY | $496,993 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,544,122 | BOYAmt |
| EOY | $1,062,175 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $834,537 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $390,926 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $367,111 | BOYAmt |
| EOY | $443,611 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,061,245 | BOYAmt |
| EOY | $47,138 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,196,836 | BOYAmt |
| EOY | $8,920,568 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,766,298 | BOYAmt |
| EOY | $40,029,205 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $642,004 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,753,520 | BOYAmt |
| EOY | $3,012,530 | 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 | $1,403,677 | BOYAmt |
| EOY | $996,994 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,565,499 | BOYAmt |
| EOY | $44,038,729 | 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 | -$44,238,015 | BOYAmt |
| EOY | -$35,118,161 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $869,352 | BOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$43,368,663 | BOYAmt |
| EOY | -$35,118,161 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,196,836 | BOYAmt |
| EOY | $8,920,568 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $8,251,444 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$942 | 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 |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $30,102 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $30,102 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY | FormAndLineReferenceDesc |
| Explanation | General lobbying activities on legislative issues of relevance to ECMC Education, Inc. | ExplanationTxt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $869,352 | BeginningYearBalanceAmt |
| Other Expenditures | $869,352 | OtherExpendituresAmt |
| End Year Balance | $0 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $3,547,279 | BeginningYearBalanceAmt |
| Other Expenditures | $2,677,927 | OtherExpendituresAmt |
| End Year Balance | $869,352 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $0 | BeginningYearBalanceAmt |
| Contributions | $3,547,279 | ContributionsAmt |
| End Year Balance | $3,547,279 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $0 | BeginningYearBalanceAmt |
| End Year Balance | $0 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $0 | BeginningYearBalanceAmt |
| End Year Balance | $0 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.0 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.0 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $64,317 | OtherCostOrOtherBasisAmt |
| Depreciation | $914 | DepreciationAmt |
| Book Value | $63,403 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $769,514 | OtherCostOrOtherBasisAmt |
| Depreciation | $389,671 | DepreciationAmt |
| Book Value | $379,843 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $706 | OtherCostOrOtherBasisAmt |
| Depreciation | $341 | DepreciationAmt |
| Book Value | $365 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $443,611 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (9 entries)
| DescDesc | AmtAmt |
|---|---|
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $996,994 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $30,945,000 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $0 | OtherRevenueAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $30,945,000 | RevenueSubtotalAmt |
| Other Revenues Not Included | $28,331,530 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $28,331,530 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $59,276,530 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $46,628,000 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $46,628,000 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,397,086 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,397,086 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $51,025,086 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The 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 statements | Contributions 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 statements | Expense 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | false | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | false | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | ECMC 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 ORGANIZATION | No contributions are solicited. |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | ECMC 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Student Scholarships and Financial Assistance | 827 | $1,704,294 |
| Higher Education Emergency Grants Awarded to Students | 1942 | $5,396,965 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule I, Part III Student Scholarships and Financial Assistance | ECMC 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 Students | Financial 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| 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 | Yes (true) | 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 (21 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Travel for companions | ECMC Group, Inc.'s travel policy had an exception that was approved by the CFO (and deviations from any provision of the policy must be approved in writing by an officer in conjunction with the ECMC Group, Inc. CFO). In 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 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 4a Severance or change-of-control payment | The following received a severance payment in 2021: Thomas O'Donnell - $209,681 |
| 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 | 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 | 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 (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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 body | ECMC 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 stockholders | ECMC 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 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 | The 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 employees | The 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 public | Documents are made available to the public as required by law. |
| Form 990, Part VII, Section A Consulting | John F. DePodesta, Roberta Cooper Ramo and I. King Jordan, former Directors, had consulting agreements in 2021. |
| Form 990, Part IX, Line 11g Other Fees | Professional 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 balances | Rounding 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/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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ECMC Group Inc | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411991995 | Education Finance | DE | 501(c)(3) | Type II | NA | false |
| 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 Foundation | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411990628 | Promote Education | DE | 501(c)(3) | Type II | 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 | false | 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 | Yes (true) | 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 | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | 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 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 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. |