ECMC GROUP INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: ECMC GROUP INC (EIN 41-1991995)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-11-10
IRS object ID: 202243149349307674
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 D
Schedule F
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-11-10T20:01:34-06:00	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	411991995	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ECMC Group Inc	BusinessNameLine1Txt

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

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	111 Washington Ave So 1400	AddressLine1Txt
City	Minneapolis	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Martin A Scanlon	PersonNm
Person Title	CFO & Treasurer	PersonTitleTxt
Signature	2022-11-10	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Martin	PersonFirstNm
Person Last	Scanlon	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jason Divine	PreparerPersonNm
PTIN	P01076050	PTIN
Phone	6123055000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	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	$952,654,741	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.ecmcgroup.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2000	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	ECMC Group, Inc. supports Educational Credit Management Corporation and ECMC Education, Inc. ECMC Group, Inc. supports the furtherance of the exempt purpose of Educational Credit Management Corporation and ECMC Education, Inc. by creating, providing and investing in innovative educational opportunities. ECMC Group, Inc. is a nonprofit corporation whose vision is to empower underserved communities to thrive through education.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	243	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$9,129,086	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$809,909	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$188,944,041	PYContributionsGrantsAmt
CY Contributions Grants	$277,591,010	CYContributionsGrantsAmt
PY Program Service Revenue	$102,833,866	PYProgramServiceRevenueAmt
CY Program Service Revenue	$91,960,563	CYProgramServiceRevenueAmt
PY Investment Income	$121,198,194	PYInvestmentIncomeAmt
CY Investment Income	$188,485,958	CYInvestmentIncomeAmt
PY Other Revenue	$5,518,849	PYOtherRevenueAmt
CY Other Revenue	$5,984,001	CYOtherRevenueAmt
PY Total Revenue	$418,494,950	PYTotalRevenueAmt
CY Total Revenue	$564,021,532	CYTotalRevenueAmt
PY Grants And Similar Paid	$73,616,491	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$73,644,007	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$14,701,878	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$13,655,703	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$85,150,158	PYOtherExpensesAmt
CY Other Expenses	$65,173,536	CYOtherExpensesAmt
PY Total Expenses	$173,468,527	PYTotalExpensesAmt
CY Total Expenses	$152,473,246	CYTotalExpensesAmt
PY Revenues Less Expenses	$245,026,423	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$411,548,286	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,727,263,783	TotalAssetsBOYAmt
Total Assets EOY	$5,806,492,820	TotalAssetsEOYAmt
Total Liabilities BOY	$3,610,165,927	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$4,217,559,074	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,117,097,856	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,588,933,746	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	ECMC Group, Inc.'s mission is to help students succeed by creating, providing and investing in innovative educational opportunities.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$73,286,736	ExpenseAmt
Grant	$73,286,736	GrantAmt
Revenue	$0	RevenueAmt
Desc	ECMC Group, Inc. supports the furtherance of the exempt purpose of Educational Credit Management Corporation, ECMC Education, Inc., and ECMC Foundation by creating, providing and investing in innovative educational opportunities. ECMC Group, Inc. is a nonprofit corporation whose vision is to empower underserved communities to thrive through education. $23,934,444 cash contributions made to ECMC Education, Inc. to support its mission to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities, $2,692,292 contribution made by ECMC Group, Inc. on behalf of ECMC Education, Inc. for accrued section 4968 excise tax on net investment income of ECMC Group, Inc. and subsidiaries. $46,660,000 contributions made to ECMC Foundation for general support of its mission to improve higher education and career success among underserved populations through evidence-based innovation.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$56,882,247	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$91,960,563	RevenueAmt
Desc	Loan Portfolio Servicing: ECMC Group, Inc. and Oakdale Student Loan Funding, LLC (Oakdale), a wholly owned subsidiary of ECMC Group, Inc., have eligible lender trust (ELT) agreements with Manufacturers and Traders Trust Company. Manufacturers and Traders Trust Company serves as the ELT for ECMC Group, Inc. and Oakdale. Through the ELTs, ECMC Group, Inc. and Oakdale purchase Federal Family Education Loan Program (FFELP) rehabilitated student loans from Educational Credit Management Corporation, a related entity, and other guaranty agencies in order to ensure that student loan borrowers can realize the full benefits afforded them under 34 CFR sec. 682.405. Patriot Student Loan Capital, LLC (Patriot) has interim eligible lender trust agreements with Manufacturers and Traders Trust Company. ECMC Group Student Loan Trust 2016-1 (Trust 2016-1), ECMC Group Student Loan Trust 2017-1 (Trust 2017-1), ECMC Group Student Loan Trust 2017-2 (Trust 2017-2), ECMC Group Student Loan Trust 2018-1 (Trust 2018-1), ECMC Group Student Loan Trust 2018-2 (Trust 2018-2), ECMC Group Student Loan Trust 2019-1 (Trust 2019-1), ECMC Group Student Loan Trust 2020-1 (Trust 2020-1), ECMC Group Student Loan Trust 2020-2 (Trust 2020-2), ECMC Group Student Loan Trust 2020-3 (Trust 2020-3) and ECMC Group Student Loan Trust 2021-1 (Trust 2021-1), collectively (the Trusts), have eligible lender trust agreements with Manufacturers and Traders Trust Company. Manufacturers and Traders Trust Company serves as the interim eligible lender trust (interim ELT) for Patriot and as eligible lender trust (ELT) for Trust 2016-1, Trust 2017-1, Trust 2017-2, Trust 2018-1, Trust 2018-2, Trust 2019-1, Trust 2020-1, Trust 2020-2, Trust 2020-3 and Trust 2021-1. Through the interim ELT, Patriot purchases FFELP rehabilitated student loans from ECMC Group, Inc. and Oakdale and resells the loans through the ELT to the Trusts. The Trusts issued Class A notes secured by the respective student loan portfolios.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$1,320,732	ExpenseAmt
Grant	$5,000	GrantAmt
Revenue	$0	RevenueAmt
Desc	Through the Public Policy Program, ECMC Group, Inc. shares information among ECMC Group-related members on legislative proposals and governmental regulations that impact their operations. The program enables ECMC Group, Inc. affiliates to monitor public policy matters and provide nonpartisan analysis and research to policymakers, thought leaders and the general public.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Expense	$352,271	ExpenseAmt
Grant	$352,271	GrantAmt
Revenue	$0	RevenueAmt
Desc	Grants and sponsorships supplied by ECMC Group, Inc. to schools and individuals in support of its tax-exempt purpose.	Desc

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$352,271	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$352,271	TotalOtherProgSrvcGrantAmt
Total Program Service Expenses	$131,841,986	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (true)	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	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	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	68	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	243	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	Yes (true)	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	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	false	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	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Martin A Scanlon	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6512210566	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	111 Washington Ave So Ste 1400	AddressLine1Txt
City	Minneapolis	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55401	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (37 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Jeremy J Wheaton
President & CEO, ECMC Group, Inc. (until 07-02-22)	40.0	0.0	Yes (X)	Yes (X)	$1,241,931	$0	$121,714
Derek Langhauser
Director	6.0	4.0	Yes (X)		$0	$130,000	$0
Diana J Ingram
Director	7.0	3.0	Yes (X)		$0	$138,750	$0
Jack O'Connell
Director	4.0	4.0	Yes (X)		$0	$135,000	$0
James Runcie
Director	7.0	3.0	Yes (X)		$0	$86,250	$0
James V McKeon
Board Chair	13.0	4.0	Yes (X)		$0	$193,750	$0
Jennifer Anderson
Director	6.0	3.0	Yes (X)		$0	$91,875	$0
Julia S Gouw
Director	6.0	3.0	Yes (X)		$0	$155,000	$0
K Paul Singh
Director	10.0	3.0	Yes (X)		$0	$142,500	$0
Maurice M Salter
Director	7.0	3.0	Yes (X)		$0	$157,500	$0
Daniel S Fisher
Group President & CEO (eff. 07-03-22); Group Gen Counsel & Corp Sec & ECMC Pres (until 07-02-22)	40.0	0.0		Yes (X)	$823,522	$0	$100,834
Gregory A Van Guilder
Chief Investment Officer	40.0	0.0		Yes (X)	$1,338,903	$0	$106,613
Martin A Scanlon
CFO & Treasurer	40.0	0.0		Yes (X)	$709,896	$0	$91,649
Philip Becker
VP, Investments	40.0	0		Yes (X)	$449,586	$0	$73,004
Adam Trampe
VP, Deputy General Counsel (effective 07-03-22) and VP, Compliance & Enterprise Risk Mgmt	40.0	0			$281,857	$0	$65,098	Yes (X)
Brian Boardman
Group Gen Counsel & Corp Sec (eff. 07-03-22); VP, DPTY Gen Counsel & Asst Corp Sec (until 07-02-22)	40.0	0			$358,871	$0	$75,554	Yes (X)
Christopher Janzen
VP, Academic Technology	40.0	0			$295,494	$0	$52,645	Yes (X)
Harini Upadhyaya
VP, Applications and Analytics	40.0	0			$220,109	$0	$6,139	Yes (X)
Heidi J Johnson
SVP, Chief of Staff	40.0	0			$392,970	$0	$70,506	Yes (X)
Hugh E McSherry
VP, Corporate Services	40.0	0			$289,431	$0	$51,537	Yes (X)
Iris Cumberbatch
SVP, Corporate Affairs	40.0	0			$370,481	$0	$53,342	Yes (X)
John McKennell
VP, Chief Information Security Officer	40.0	0			$289,079	$0	$61,399	Yes (X)
Josh Slayton
ECMC Education & ECMC Group Development (eff. 02-02-22); SVP, Corp Dev & Impact Inv (until 02-02-22)	40.0	0			$428,413	$0	$76,468	Yes (X)
Matthew T Mikulski
VP, Internal Audit	40.0	0			$272,816	$0	$57,125	Yes (X)
Rahoul Ghose
Chief Information Officer	40.0	0			$476,549	$0	$81,474	Yes (X)
Sarah Strehl
Chief Human Resources Officer	40.0	0			$599,164	$0	$82,756	Yes (X)
Stephen H Hansen
VP, Information Technology	40.0	0.0			$305,012	$0	$61,989	Yes (X)
Tiffany Thompson
VP, Finance & Controller	40.0	0			$302,922	$0	$35,887	Yes (X)
Aaron Woodrich
Sr Dir, Information Technology	40.0	0			$236,959	$0	$65,188		Yes (X)
Dean J Vandecoevering
Sr Dir, Financial Planning & Analysis and Business Intelligence	40.0	0			$259,115	$0	$40,295		Yes (X)
Joseph Watt
Sr Dir, Corp Development & Impact Investing	40.0	0			$254,673	$0	$40,204		Yes (X)
Scott Reed
Sr Mgr, Development	40.0	0			$238,537	$0	$28,473		Yes (X)
Steven Hupert
Dir, Information Technology	40.0	0			$222,770	$0	$56,223		Yes (X)
I King Jordan
Former Director	0.0	0.0			$0	$30,000	$0			Yes (X)
Janice A Hines
Former Chief Relationship Officer and President & CEO, ECMC; Current Sr Advisor, ECMC	0.0	40.0			$0	$427,664	$17,459			Yes (X)
John F DePodesta
Former Board Chair	0.0	0.0			$0	$75,000	$0			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	$10,659,060	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$1,823,289	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,573,575	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	109	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	Address Line2ContractorAddress/USAddress/AddressLine2Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
Navient Solutions Inc
220 Lasley Ave	Hanover Industrial Estates	Wilkes Barre	PA	18706	Loan Portfolio Servicing	$5,506,183
Amazon Web Services Inc
PO Box 84023		Seattle	WA	98124	IT Services & Support	$3,335,578
Solution Design Group Inc
7500 Olson Memorial Hwy		Golden Valley	MN	55427	IT Services & Support	$2,681,679
CDW
PO Box 75723		Chicago	IL	60675	IT Services & Support	$1,903,895
Beacon Hill Staffing Group LLC
PO Box 846193		Boston	MA	02284	Recruiting Services	$1,564,569

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	41	CntrctRcvdGreaterThan100KCnt
Related Organizations	$277,587,239	RelatedOrganizationsAmt
Government Grants	$3,771	GovernmentGrantsAmt
Total Contributions	$277,591,010	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	Student Loan Portfolio	Desc
Business	900099	BusinessCd
Total Revenue Column	$91,960,563	TotalRevenueColumnAmt
Related Or Exempt Func Income	$91,960,563	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	$91,960,563	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,208,885	TotalRevenueColumnAmt
Unrelated Business Revenue	-$501,859	UnrelatedBusinessRevenueAmt
Exclusion	$2,710,744	ExclusionAmt

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)
Securities	$43,838,060	SecuritiesAmt
Other	$531,072,222	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$12,745,981	SecuritiesAmt
Other	$375,887,228	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$31,092,079	SecuritiesAmt
Other	$155,184,994	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$186,277,073	TotalRevenueColumnAmt
Unrelated Business Revenue	$3,691,024	UnrelatedBusinessRevenueAmt
Exclusion	$182,586,049	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Servicing Fees on Trust Student Loans	900099	$5,939,921	$5,939,921
Miscellaneous	900099	$34,000		$34,000
Intercompany Servicing Revenue	900099	$10,080		$10,080

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	$5,984,001	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$564,021,532	TotalRevenueColumnAmt
Related Or Exempt Func Income	$91,960,563	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$9,129,086	UnrelatedBusinessRevenueAmt
Exclusion	$185,340,873	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$73,501,007	TotalAmt
Program Services	$73,501,007	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$143,000	TotalAmt
Program Services	$143,000	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$5,684,929	TotalAmt
Management And General	$5,684,929	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$6,890,088	TotalAmt
Program Services	$1,893,296	ProgramServicesAmt
Management And General	$4,996,792	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$259,755	TotalAmt
Program Services	$46,666	ProgramServicesAmt
Management And General	$213,089	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$476,407	TotalAmt
Program Services	$43,419	ProgramServicesAmt
Management And General	$432,988	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$344,524	TotalAmt
Program Services	$50,426	ProgramServicesAmt
Management And General	$294,098	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$362,861	TotalAmt
Program Services	$5,875	ProgramServicesAmt
Management And General	$356,986	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$549,070	TotalAmt
Management And General	$549,070	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$1,663	TotalAmt
Program Services	$1,663	ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$9,405,744	TotalAmt
Program Services	$8,538,644	ProgramServicesAmt
Management And General	$867,100	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$929,815	TotalAmt
Program Services	$125,797	ProgramServicesAmt
Management And General	$804,018	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,272,523	TotalAmt
Program Services	$167,221	ProgramServicesAmt
Management And General	$1,105,302	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$527,448	TotalAmt
Management And General	$527,448	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$128,657	TotalAmt
Program Services	$58,593	ProgramServicesAmt
Management And General	$70,064	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$27,299	TotalAmt
Program Services	$4,105	ProgramServicesAmt
Management And General	$23,194	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$38,070,563	TotalAmt
Program Services	$38,070,563	ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$6,127,389	TotalAmt
Program Services	$6,127,389	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$696,234	TotalAmt
Program Services	$458,059	ProgramServicesAmt
Management And General	$238,175	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$288,649	TotalAmt
Management And General	$288,649	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
Impairment	$2,562,582	$2,562,582
Principal Loan Adjustment	$2,369,024	$43,057	$2,325,967
Loss on Subsidiaries	$1,657,438		$1,657,438
Sales and Other Taxes	$167,914		$167,914

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$28,663	TotalAmt
Program Services	$624	ProgramServicesAmt
Management And General	$28,039	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$152,473,246	TotalAmt
Program Services	$131,841,986	ProgramServicesAmt
Management And General	$20,631,260	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$49,136,282	BOYAmt
EOY	$42,565,086	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$292,699,901	BOYAmt
EOY	$276,079,769	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,289,361	BOYAmt
EOY	$7,455,192	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

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

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$55,521,378	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,905,964	BOYAmt
EOY	$3,339,482	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$44,906,100	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$9,018,780	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$10,823,662	BOYAmt
EOY	$35,887,320	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$181,924,465	BOYAmt
EOY	$201,464,887	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,088,331,786	BOYAmt
EOY	$1,767,602,196	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$3,015,417,587	BOYAmt
EOY	$3,423,737,097	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$16,490,508	BOYAmt
EOY	$37,160,725	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$10,722,889	BOYAmt
EOY	$11,201,066	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,727,263,783	BOYAmt
EOY	$5,806,492,820	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$20,212,964	BOYAmt
EOY	$17,971,153	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,639,587	BOYAmt
EOY	$3,307,346	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$203,204,598	BOYAmt
EOY	$385,917,193	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,384,108,778	BOYAmt
EOY	$3,810,363,382	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,610,165,927	BOYAmt
EOY	$4,217,559,074	EOYAmt

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,117,097,856	BOYAmt
EOY	$1,588,933,746	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,117,097,856	BOYAmt
EOY	$1,588,933,746	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,727,263,783	BOYAmt
EOY	$5,806,492,820	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$411,548,286	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$54,258,104	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$6,029,500	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)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

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

Schedule A IRS990ScheduleA

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

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEIN	Organization TypeOrganizationTypeCd	Governing Document ListedGoverningDocumentListedInd	SupportSupportAmt	Other SupportOtherSupportAmt
Educational Credit Mgmt Corp
411778617	9	Yes (true)	$1,320,732	$0
ECMC Education Inc
472237488	2	Yes (true)	$26,815,345	$0

Field	Value	IRS element (for citing)
Supported Organizations Total	2	SupportedOrganizationsTotalCnt
Support Sum	$28,136,077	SupportSumAmt
Other Support Sum	$0	OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

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

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

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule A, Part I, Line 12b An Organization Organized to Perform and Provide	FormAndLineReferenceDesc
Explanation	ECMC Group, Inc., the supporting organization, retains the following authority over Educational Credit Management Corporation and ECMC Education, Inc., the supported organizations, and, therefore, has control over Educational Credit Management Corporation and ECMC Education, Inc.: 1. To authorize amendments to the Articles of Incorporation and Bylaws. 2. To approve the strategic and financial plans. 3. To elect and/or approve the members of the Board of Directors. 4. To oversee coordination of programs and services offered. 5. To authorize formation, governance and dissolution.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

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

Contributor US Address ContributorUSAddress

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

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

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$14,201,214	OtherCostOrOtherBasisAmt
Depreciation	$6,260,731	DepreciationAmt
Book Value	$7,940,483	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$27,061,389	OtherCostOrOtherBasisAmt
Depreciation	$515,891	DepreciationAmt
Book Value	$26,545,498	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,643,497	OtherCostOrOtherBasisAmt
Depreciation	$2,242,158	DepreciationAmt
Book Value	$1,401,339	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$35,887,320	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (6 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
ECMC Holdings Corporation stock
Investment in ECMC Holdings Corporation	$6,394,135	F
Investment in Oakdale Investment Management Corporation	$3,343,618	F
Alternative Investments	$1,748,409,915	F
Investment in ECMC Group Student Loan Trust 2018-1 Class B Notes
Investment in Performant Financial Corporation	$9,454,528	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$1,767,602,196	TotalBookValueSecuritiesAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Student Loan Receivable-Held for Sale	$418,421,038	F
Student Loan Receivable-Pledged	$2,897,354,230	C
Mission-Related Investments
Direct Investments	$20,945,612	F
Impact investments	$87,016,217	F

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$3,423,737,097	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (21 entries)

DescDesc	AmtAmt
Due to ECMC Holdings Corporation
Foundation deposits in ECMC Group, Inc. Apportioned Investment Pool	$1,072,454,019
Due to Educational Credit Management Corporation
Due to Educational Credit Services Company
Payable for unsettled investments
Secured Borrowings of ECMC Group Student Loan Trust 2016-1	$193,647,841
Secured Borrowings of ECMC Group Student Loan Trust 2017-1	$245,707,901
Secured Borrowings of ECMC Group Student Loan Trust 2017-2	$295,433,833
Secured Borrowings of ECMC Group Student Loan Trust 2018-1	$309,609,257
Secured Borrowings of ECMC Group Student Loan Trust 2018-2	$228,264,459
Amount payable to the Department of Education	$4,071,811
Deferred Financing Fees	-$11,625,933
Operating Lease	$2,569,506
Deferred Grant Revenue from ECMC Foundation
Secured Borrowings of ECMC Group Student Loan Trust 2019-1	$231,096,378
Secured Borrowings of ECMC Group Student Loan Trust 2020-1	$264,063,070
Secured Borrowings of ECMC Group Student Loan Trust 2020-2	$282,550,071
Secured Borrowings of ECMC Group Student Loan Trust 2020-3	$324,033,139
Due to the Guarantor Federal Reserve Fund
Subordinated Borrowings of ECMC Group Student Loan Trust 2018-1
Secured Borrowings of ECMC Group Student Loan Trust 2021-1	$368,488,030

Field	Value	IRS element (for citing)
Total Liability	$3,810,363,382	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2016-1	$193,647,841 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2016-1. ECMC Group Student Loan Trust 2016-1, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2017-1	$245,707,901 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2017-1. ECMC Group Student Loan Trust 2017-1, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2017-2	$295,433,833 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2017-2. ECMC Group Student Loan Trust 2017-2, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2018-1	$309,609,257 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2018-1. ECMC Group Student Loan Trust 2018-1, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2018-2	$228,264,459 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2018-2. ECMC Group Student Loan Trust 2018-2, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part VII Investment in Performant Financial Corporation	At December 31, 2021, ECMC Group, Inc. held a beneficial ownership interest in the publicly traded stock of Performant Financial Corporation (PFMT). ECMC Group, Inc. was the record owner of 1,485,406 shares of PFMT common stock and warrants to purchase an aggregate of 6,310,100 shares of PFMT common stock, the sum of which represent approximately up to 10.3% of diluted common stock.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2019-1	$231,096,378 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2019-1. ECMC Group Student Loan Trust 2019-1, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 1 Foundation Deposits in ECMC Group, Inc. Apportioned Investment Pool	$1,072,454,019. At December 31, 2021, ECMC Foundation was a participant in the ECMC Group, Inc. Apportioned Investment Pool ("Apportioned Investment Pool"). A portion of ECMC Group, Inc.'s assets are held in the ECMC Group, Inc. Investment Portfolio Asset Pool, which is managed by ECMC Group, Inc. Participation in the Apportioned Investment Pool is available to ECMC Group, Inc. and its eligible subsidiaries. Investments in the Apportioned Investment Pool represent an ownership interest in the investment pool, not in the underlying assets themselves, and are generally redeemable to the eligible subsidiary upon request. Unapportioned Investments, net, are not subject to participation by ECMC Group, Inc.'s subsidiaries.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2020-1	$264,063,070 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2020-1. ECMC Group Student Loan Trust 2020-1, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2020-2	$282,550,071 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2020-2. ECMC Group Student Loan Trust 2020-2, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2020-3	$324,033,139 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2020-3. ECMC Group Student Loan Trust 2020-3, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 1 Secured Borrowings of ECMC Group Student Loan Trust 2021-1	$368,488,030 Floating Rate Class A Notes secured borrowing of ECMC Group Student Loan Trust 2021-1. ECMC Group Student Loan Trust 2021-1, a Delaware statutory trust, purchases student loans and accrued interest from Patriot Student Loan Capital, LLC and securitizes the assets with an issuance of debt. The securitization uses a two-step structure that legally isolates the transferred assets. These transactions are accounted for as an on-balance sheet secured borrowing. Patriot Student Loan Capital, LLC, a disregarded entity of ECMC Group, Inc., holds the primary beneficial interest in the trust. ECMC Group, Inc. is the primary beneficiary of the securitization trust and is required to consolidate the trust.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote	The FIN 48 (ASC 740) disclosure in the ECMC Group, Inc. and Subsidiaries Consolidated Financial Statements reads as follows: "ECMC Group, ECMC, Education, and ECMC Foundation are nonprofit 501(c)(3) corporations and are exempt from federal and state income taxes. Holdings and its subsidiaries are taxable entities and account for deferred tax assets and liabilities under the liability method. Deferred tax liabilities are recognized for temporary differences that will result in taxable amounts in future years. Deferred tax assets are recognized for deductible temporary differences and tax operating loss and tax credit carry forwards. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. With few exceptions, Group is no longer subject to U.S. federal, state or local income tax examinations by tax authorities for the years before 2017. In the event of any current or future tax assessments, Holdings and its subsidiaries have elected to record the income taxes and any related interest and penalties as income tax expense on Group's consolidated statements of activities."

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
Central America and the Caribbean	Investments	$643,191,000
Europe (Including Iceland and Greenland)	Investments	$24,871,000
North America (Canada & Mexico only)	Investments	$21,081,000

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$689,143,000	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$689,143,000	TotalSpentAmt
Transfer To Foreign Corp	Yes (true)	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	FormAndLineReferenceDesc
Explanation	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual	ExplanationTxt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
ECMC Foundation
111 Washington Ave So	Minneapolis	MN	55401	411990628	501(c)(3)	$46,660,000	General Support
ECMC Education Inc
111 Washington Ave So	Minneapolis	MN	55401	472237488	501(c)(3)	$26,626,736	General Support
BestPrep
7100 Northland Circle N	Brooklyn Park	MN	55428	411265355	501(C)(3)	$7,500	Program Sponsorship
Cristo Rey Corporate Internship
2924 Fourth Ave So	Minneapolis	MN	55408	204548714	501(C)(3)	$24,938	Work Study Program Sponsorship
Junior Achievement of Tampa Bay Inc
13707 N 22nd St	Tampa	FL	33613	591098499	501(C)(3)	$7,500	Program Sponsorship
Junior Achievement of the Upper Midwest Inc
1745 University Ave W	St Paul	MN	55104	411424988	501(C)(3)	$13,500	Program Sponsorship
University of Minnesota Foundation
PO Box 860266	Minneapolis	MN	55486	416042488	501(C)(3)	$127,500	John DePodesta Leadership Program

Field	Value	IRS element (for citing)
Total501c3 Org	7	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	Robert A. Stein Scholarship	GrantTypeTxt
Recipient	31	RecipientCnt
Cash Grant	$143,000	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	ECMC Group, Inc. is the sole member of ECMC Foundation and ECMC Education, Inc. and closely monitors the use of the cash grant through reports to management and the Board of Directors on a regular basis. The Robert A. Stein Scholarships listed in Part III are issued as jointly payable to the student and the school to ensure the funds are used for educational expenses. The Individual Scholarships were awarded to further the individuals' education.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
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 (31 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
Jeremy J Wheaton
President & CEO, ECMC Group, Inc. (until 07-02-22)	$613,233	$0	$605,500	$0	$23,198	$0	$89,207	$0	$32,507	$0	$1,363,645	$0	$19,500	$0
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
Board Chair	$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
Janice A Hines
Former Chief Relationship Officer and President & CEO, ECMC; Current Sr Advisor, ECMC	$0	$15,737	$0	$333,791	$0	$78,136	$0	$17,400	$0	$59	$0	$445,123	$0	$26,374
Philip Becker
VP, Investments	$267,650	$0	$173,750	$0	$8,186	$0	$42,475	$0	$30,529	$0	$522,590	$0	$6,218	$0
Daniel S Fisher
Group President & CEO (eff. 07-03-22); Group Gen Counsel & Corp Sec & ECMC Pres (until 07-02-22)	$413,901	$0	$385,921	$0	$23,700	$0	$66,055	$0	$34,779	$0	$924,356	$0	$19,500	$0
Martin A Scanlon
CFO & Treasurer	$366,173	$0	$320,702	$0	$23,021	$0	$59,142	$0	$32,507	$0	$801,545	$0	$19,500	$0
Gregory A Van Guilder
Chief Investment Officer	$679,500	$0	$527,838	$0	$131,565	$0	$90,009	$0	$16,604	$0	$1,445,516	$0	$19,500	$0
Brian Boardman
Group Gen Counsel & Corp Sec (eff. 07-03-22); VP, DPTY Gen Counsel & Asst Corp Sec (until 07-02-22)	$240,657	$0	$110,925	$0	$7,289	$0	$37,506	$0	$38,048	$0	$434,425	$0	$4,920	$0
Iris Cumberbatch
SVP, Corporate Affairs	$221,425	$0	$126,000	$0	$23,056	$0	$39,360	$0	$13,982	$0	$423,823	$0	$6,244	$0
Rahoul Ghose
Chief Information Officer	$281,068	$0	$171,535	$0	$23,946	$0	$45,692	$0	$35,782	$0	$558,023	$0	$12,670	$0
Stephen H Hansen
VP, Information Technology	$211,549	$0	$89,303	$0	$4,160	$0	$35,988	$0	$26,001	$0	$367,001	$0	$947	$0
Christopher Janzen
VP, Academic Technology	$190,130	$0	$83,850	$0	$21,514	$0	$33,481	$0	$19,164	$0	$348,139	$0	$0	$0
Heidi J Johnson
SVP, Chief of Staff	$241,287	$0	$129,150	$0	$22,533	$0	$40,717	$0	$29,789	$0	$463,476	$0	$7,746	$0
John McKennell
VP, Chief Information Security Officer	$205,733	$0	$81,000	$0	$2,346	$0	$34,837	$0	$26,562	$0	$350,478	$0	$0	$0
Hugh E McSherry
VP, Corporate Services	$202,319	$0	$83,025	$0	$4,087	$0	$34,563	$0	$16,974	$0	$340,968	$0	$1,768	$0
Matthew T Mikulski
VP, Internal Audit	$194,547	$0	$75,000	$0	$3,269	$0	$33,000	$0	$24,125	$0	$329,941	$0	$0	$0
Josh Slayton
ECMC Education & ECMC Group Development (eff. 02-02-22); SVP, Corp Dev & Impact Inv (until 02-02-22)	$261,424	$0	$147,000	$0	$19,989	$0	$41,170	$0	$35,298	$0	$504,881	$0	$10,134	$0
Sarah Strehl
Chief Human Resources Officer	$326,963	$0	$250,830	$0	$21,371	$0	$50,965	$0	$31,791	$0	$681,920	$0	$15,151	$0
Tiffany Thompson
VP, Finance & Controller	$213,925	$0	$87,075	$0	$1,922	$0	$33,675	$0	$2,212	$0	$338,809	$0	$213	$0
Adam Trampe
VP, Deputy General Counsel (effective 07-03-22) and VP, Compliance & Enterprise Risk Mgmt	$195,997	$0	$84,563	$0	$1,297	$0	$32,915	$0	$32,183	$0	$346,955	$0	$0	$0
Harini Upadhyaya
VP, Applications and Analytics	$39,193	$0	$0	$0	$180,916	$0	$3,845	$0	$2,294	$0	$226,248	$0	$2,272	$0
Steven Hupert
Dir, Information Technology	$176,457	$0	$45,487	$0	$826	$0	$27,286	$0	$28,937	$0	$278,993	$0	$0	$0
Scott Reed
Sr Mgr, Development	$173,631	$0	$63,640	$0	$1,266	$0	$28,473	$0	$0	$0	$267,010	$0	$0	$0
Dean J Vandecoevering
Sr Dir, Financial Planning & Analysis and Business Intelligence	$200,396	$0	$57,251	$0	$1,468	$0	$30,505	$0	$9,790	$0	$299,410	$0	$0	$0
Joseph Watt
Sr Dir, Corp Development & Impact Investing	$206,027	$0	$47,406	$0	$1,240	$0	$30,280	$0	$9,924	$0	$294,877	$0	$0	$0
Aaron Woodrich
Sr Dir, Information Technology	$189,258	$0	$47,037	$0	$664	$0	$29,606	$0	$35,582	$0	$302,147	$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 Group, Inc. paid travel expenses for an ECMC Group, Inc. employee's spouse to attend a company-sponsored event. The exception to policy was approved.
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: Janice A. Hines - $14,705 Harini Upadhyaya - $154,291
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 (14 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services	(Expenses $ 352,271 including grants of $ 352,271)(Revenue $ 0) Grants and sponsorships supplied by ECMC Group, Inc. to schools and individuals in support of its tax-exempt purpose.
Form 990, Part VI, Line 13 Whistleblower Policy	The ECMC Group, Inc. Whistleblower Policy requires directors, officers and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. Employees and representatives of the Corporation, including ECMC Shared Services Company, LLC, a disregarded entity of ECMC Group, Inc., are directed to practice honesty and integrity in fulfilling their responsibilities and comply with all applicable laws and regulations. The policy requires reporting of potential illegal practices or violations of corporate policies, and prohibits retaliation for good faith reporting of suspected violations under the policy. In addition, ECMC Group, Inc. has a Code of Ethics and Business Conduct Policy that is affirmed annually by all ECMC Group, Inc., including ECMC Shared Services Company, LLC, a disregarded entity of ECMC Group, Inc., and affiliated companies' officers and employees. There is a provision incorporated into the Code of Ethics and Business Conduct Policy that states there can be no retaliation against anyone acting in good faith when asking a question, reporting a concern or for participating in an investigation. ECMC Group, Inc. has established a telephone hotline and website administered by an outside vendor to report concerns, with an option to report anonymously. The hotline and website are available and accessible to ECMC Group, Inc. and affiliated companies' directors, officers, employees and vendors.
Form 990, Part 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	Each Director of the ECMC Group, Inc.'s Board of Directors is a member of ECMC Group, Inc. At year end 2021, there were 10 members of the Board of Directors and, therefore, 10 members of the corporation. Membership terminates upon the termination of such member's director status on the Board of Directors. There are no stockholders.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing body	The members of ECMC Group, Inc. Board of Directors are nominated by the Governance & Compensation Committee of the Board and elected by the Board of Directors. The Governance & Compensation Committee consists of such independent members appointed to it by the ECMC Group, Inc. Board of Directors.
Form 990, Part VI, Line 11b Review of form 990 by governing body	All members of the Board of Directors and executive management of ECMC Group, Inc. and its disregarded entities are provided a copy of Form 990 to review and provide comments prior to filing. All members of the Board of Directors and executive management are provided with a copy of the final version of Form 990 before it has been filed.
Form 990, Part VI, Line 12c Conflict of interest policy	Officers, Directors and all employees of ECMC Group, Inc. and ECMC Shared Services Company, LLC, a disregarded entity of ECMC Group, Inc., are required to reaffirm on an annual basis their understanding of the company's Conflict of Interest Policy. The affirmation specifically references that the individual will comply with the directives of the Conflict of Interest Policy. Officers, Directors and key employees are also required to complete an annual Form 990 relationship disclosure document to identify any potential conflicts of interest. Finally, the company's vendor procurement process includes questions of business unit contract owners to determine if any conflicts of interest may exist. Monitoring and enforcement of the policy are accomplished through the policy reaffirmation process, affirmative disclosure requests and the policy requirement that all conflicts of interest be reported. In cases where a potential conflict exists at the officer and key employee levels, the issue is disclosed to the individual's supervisor, General Counsel, and/or Vice President, Deputy General Counsel. For potential conflicts involving Directors, the disclosure is made to the Board Chair. The Director will be required to excuse themselves from deliberation and voting on matters for which they may have a conflict of interest.
Form 990, Part VI, Line 15a Process to establish compensation of top management official	The following describes the ECMC Group, Inc., including ECMC Shared Services Company, LLC, Educational Credit Management Corporation (ECMC) and ECMC Education, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 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., including ECMC Shared Services Company, LLC, Educational Credit Management Corporation (ECMC) and ECMC Education, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 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 X, Line 25 Other Liabilities	Other liabilities at December 31, 2021, include $1,072,454,019 ECMC Foundation deposits in the ECMC Group, Inc. Apportioned Investment Pool ("Apportioned Investment Pool"). A portion of ECMC Group, Inc.'s assets are held in the ECMC Group, Inc. Investment Portfolio Asset Pool, which is managed by ECMC Group, Inc. Participation in the Apportioned Investment Pool is available to ECMC Group, Inc. and its eligible subsidiaries. Investments in the Apportioned Investment Pool represent an ownership interest in the investment pool, not in the underlying assets themselves, and are generally redeemable to the eligible subsidiary upon request. Unapportioned Investments, net, are not subject to participation by ECMC Group, Inc.'s subsidiaries.
Form 990, Part XI, Line 5 Net unrealized loss on investments	Net unrealized gain on investment in the ECMC Group, Inc. Apportioned Investment Pool are $54,258,104.
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	Provision for Change in Note Receivable Held for Sale-Related Party - 6029500;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
Oakdale Student Loan Funding LLC
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	271914648	Holding FFELP Loans	DE	$42,997,280	$633,276,621	ECMC Group Inc
ECMC Shared Services Company LLC
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	810690960	Support Services Functions	DE	$0	$23,744,942	ECMC Group Inc
Patriot Student Loan Capital LLC
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	813501777	Trust Student Loans	DE	$87	$116,474,645	ECMC Group Inc

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
Educational Credit Mgmt Corp
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	411778617	FFELP Guarantor	MN	501(c)(3)	10	ECMC Group Inc	Yes (true)
ECMC Foundation
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	411990628	Promote Education	DE	501(c)(3)	Type II	ECMC Group Inc	Yes (true)
ECMC Education Inc
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	472237488	Career Colleges	DE	501(c)(3)	2	ECMC Group Inc	Yes (true)
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	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct	UBI Code VUBICodeVAmt	Legal Domicile Foreign CountryLegalDomicileForeignCountryCd
ATX A-Team The Guild LP
500 W Second St	Ste 1900 153	Austin	TX	78701	843490066	Investments	TX	ECMC Group Inc	Excluded	$0	$2,700,000	false	false	0.7
ATX Venture Partners IV LP
500 W Second St	Ste 1900 153	Austin	TX	78701	872760203	Investments	DE	ECMC Group Inc	Excluded	$0	$3,226,726	false	false	0.51
Aubrey Gems Partners LP
800 Third Ave	28th Fl	New York	NY	10022	365009933	Investments	NY	ECMC Group Inc	Excluded	-$3,421,973	$46,020,120	false	false	0.85
BST 052 a series of SAX Capital Series Fund III LP
PO Box 3217		Seattle	WA	98114	853876811	Investments	DE	ECMC Group Inc	Excluded	$329,614	$306,617	false	false	1
CRP VF IV GP LP
7600 N Cap of TX Hwy	Bldg B Ste 130	Austin	TX	78731	863644095	Investments	DE	ECMC Group Inc	Excluded	-$92,705	$172,632	false	false	0.94
Capridge Partners Value Fund IV LP
7600 N Cap of TX Hwy	Bldg B Ste 130	Austin	TX	78731	863617471	Investments	DE	ECMC Group Inc	Excluded	-$123,606	$230,177	false	false	0.53
Chloe Capital Fund I LP
700 Cascadilla St	Ste 201	Ithaca	NY	14850	844269068	Investments	DE	ECMC Group Inc	Excluded	$142	$2,224,250	false	false	0.7
Commonfund Capital Secondaries Opportunities Fund LP
15 Old Danbury Rd		Wilton	CT	06897	842082338	Investments	DE	ECMC Group Inc	Excluded	$3,403,742	$24,005,100	false	false	1	$342,860
ECMC-UV Co-Investment Fund LP
104 W 40th St	Ste 1600	New York	NY	10018	813873029	Investments	DE	ECMC Group Inc	Excluded	$0	$3,482,538	false	false	0.9859
GEM Mining 4 LLC
550 S Main St	Ste 310	Greenville	SC	29601	871562792	Investments	DE	ECMC Group Inc	Excluded	-$27,828,008	$718,130	false	false	0.99
1 North China A Equity Fund LLC
1 N Wacker Dr		Chicago	IL	60606	844524632	Investments	DE	ECMC Group Inc	Excluded	$403,558	$30,358,300	false	false	1
OnRamp Education and Workforce Innovation Fund I LLC
821 E Washington Ave	Ste 200-G	Madison	WI	53703	843999115	Investments	DE	ECMC Group Inc	Excluded	$5,719	$780,719	false	false	0.86
PC-1 Developers LLC
3600 Mayberry Dr		Reno	NV	89509	831603672	Investments	NV	ECMC Group Inc	Excluded	-$22,511	$4,792,851	false	false	0.67	-$22,511
R7 Family Fund LP
100 S Wacker Dr	Ste 1675	Chicago	IL	60606	851019413	Investments	DE	ECMC Group Inc	Excluded	$0	$11,097,488	false	false	1
RI Fund I a series of Boost VC SPV LP
PO Box 3217		Seattle	WA	98114	874641779	Investments		ECMC Group Inc	Excluded	$0	$2,626,418	false	false	0.99		CJ
Tabor Offshore Opportunities Ltd
co Tabor Asset Management LP	11 E 44th St Ste 705	New York	NY	10017		Investments		ECMC Group Inc	Excluded	$0	$25,000,000	false	false	0.64		CJ
UP Fund I a series of Boost VC SPV LP
PO Box 3217		Seattle	WA	98114	851519551	Investments	DE	ECMC Group Inc	Excluded	$0	$1,043,000	false	false	0.9991
VVP Zipari Co-Investment LLC
2784 Homestead Rd	375	Santa Clara	CA	95051	850778306	Investments	DE	ECMC Group Inc	Excluded	$0	$45,007	false	false	0.9
WY Fund I a series of Boost VC SPV LP
PO Box 3217		Seattle	WA	98114	851519506	Investments	DE	ECMC Group Inc	Excluded	$79,769	$1,163,307	false	false	0.9991

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	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd
Oakdale Investment Management Corporation
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	352085743	Holding Investments	DE	ECMC Group Inc	C Corporation	-$633,726	$3,455,772	1	Yes (true)
ECMC Holdings Corporation
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	411991992	Strategic Oversight	DE	ECMC Group Inc	C Corporation	$709,627	$6,447,252	1	Yes (true)
Educational Credit Services Company
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	411992001	Private Loans	DE	ECMC Holdings Corporation	C Corporation				Yes (true)
ECMC Records & Rec Mgmt Corporation
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	411989959	Document Management	DE	ECMC Holdings Corporation	C Corporation				Yes (true)
ECMC Management Services Corporation
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	411989960	Management Services	DE	ECMC Holdings Corporation	C Corporation				Yes (true)
ECMC Technology Services Corporation
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	411989958	Technology Services	DE	ECMC Holdings Corporation	C Corporation				Yes (true)
ECMC Servicing Corporation
111 Washington Ave So	Ste 1400	Minneapolis	MN	55401	471154366	Loan Servicing	DE	ECMC Holdings Corporation	C Corporation				Yes (true)
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	$15,973,241	$70,905,285	1	Yes (true)

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

Transactions Related Org TransactionsRelatedOrgGrp (17 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
ECMC Education Inc
B	$26,626,736	Allocation
ECMC Foundation
B	$46,660,000	Allocation
ECMC Foundation
C	$200,000	Allocation
Educational Credit Management Corporation
C	$277,387,239	Allocation
ECMC Education Inc
D	$150,000	Letter of Credit Contingent Liability
ECMC Education Inc
D	$42,948,000	Non-cancelable operating leases guaranteed
ECMC Education Inc
D	$28,000,000	Commitment to provide financial support projected to cover cash flow needs through March 31, 2023
ECMC Education Inc
N	$188,609	Allocation
ECMC Foundation
N	$477,552	Allocation
Educational Credit Management Corporation
N	$7,234,550	Allocation
ECMC Foundation
O	$1,983,781	Allocation
Educational Credit Management Corporation
O	$48,505,542	Allocation
Educational Credit Management Corporation
P	$4,132,570	Allocation
ECMC Education Inc
Q	$455,874	Allocation
ECMC Foundation
Q	$487,632	Allocation
ECMC Holdings Corporation
Q	$75,139	Allocation
ECMC Holdings Corporation
S	$801,000	Cost