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ECMC FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ECMC FOUNDATION (EIN 41-1990628)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-09
IRS object ID
202113139349305581
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-09T18:01:17-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Baker Tilly US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 South 6th Street Suite 2300AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411990628EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ECMC FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlECMCBusinessNameControlTxt
Phone6512210566PhoneNum

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMartin A ScanlonPersonNm
Person TitleCFO & TreasurerPersonTitleTxt
Signature2021-11-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMartin APersonFirstNm
Person LastScanlonPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLawrence H Mohr CPAPreparerPersonNm
PTINP00447603PTIN
Phone6128764500PhoneNum
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Peter J TaylorBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 Washington Ave So 1400AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$47,219,211GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.ecmcfoundation.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionECMC Foundation is a grantmaking foundation focused on improving higher education and career success among underserved populations through evidence-based innovation.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee16TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$47,069,000CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$42,877,828PYInvestmentIncomeAmt
CY Investment Income-$116,878CYInvestmentIncomeAmt
PY Other Revenue$501,680PYOtherRevenueAmt
CY Other Revenue$51,429CYOtherRevenueAmt
PY Total Revenue$43,379,508PYTotalRevenueAmt
CY Total Revenue$47,003,551CYTotalRevenueAmt
PY Grants And Similar Paid$37,162,021PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$51,544,257CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,583,377PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,699,007CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,588,373PYOtherExpensesAmt
CY Other Expenses$1,702,210CYOtherExpensesAmt
PY Total Expenses$42,333,771PYTotalExpensesAmt
CY Total Expenses$56,945,474CYTotalExpensesAmt
PY Revenues Less Expenses$1,045,737PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$9,941,923CYRevenuesLessExpensesAmt
Total Assets BOY$718,792,503TotalAssetsBOYAmt
Total Assets EOY$828,576,280TotalAssetsEOYAmt
Total Liabilities BOY$26,518,600TotalLiabilitiesBOYAmt
Total Liabilities EOY$26,248,343TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$692,273,903NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$802,327,937NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionECMC Foundation's mission is to improve higher education and career success among underserved populations through evidence-based innovation.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$15,047,690ExpenseAmt
Grant$15,047,690GrantAmt
Revenue$0RevenueAmt
DescCollege Success. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. In 2020, the Foundation made grants and investments to 443 organizations (including 182 new grantees). Since inception, the Foundation has provided funding in 48 states. The College Success focus area seeks to increase persistence and graduation rates of students who face systemic challenges in earning a bachelor's degree. These students include, but are not limited to, first-generation college students, students from low-income backgrounds and students of color. The program funds postsecondary programs and initiatives that improve and scale systemic reforms and supports to increase student success at postsecondary institutions; increase currently enrolled students' persistence toward a degree; support on-time transfer from two-year to four-year institutions; enhance students' pathways to graduation with career-ready skills; and evaluate new research findings and publications that promote student success outcomes.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$12,561,278ExpenseAmt
Grant$12,561,278GrantAmt
Revenue$0RevenueAmt
DescCareer Readiness. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. In 2020, the Foundation made grants and investments to 443 organizations (including 182 new grantees). Since inception, the Foundation has provided funding in 48 states. The Career Readiness focus area is committed to improving postsecondary career and technical education (CTE) outcomes for students from underserved backgrounds. Grants made as part of the Career Readiness focus area support institutions and organizations implementing, intermediaries supporting, and third parties researching, evaluating and disseminating innovative approaches and promising practices to improve postsecondary CTE. The program is rooted in the belief that learners who complete credit-bearing programs and earn academic credentials will experience improved economic stability and increased social mobility.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$75,000ExpenseAmt
Grant$75,000GrantAmt
Revenue$0RevenueAmt
DescEducation Innovation Ventures. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. In 2020, the Foundation made grants and investments to 443 organizations (including 182 new grantees). Since inception, the Foundation has provided funding in 48 states. ECMC Foundation's Education Innovation Ventures (EIV) program makes below-market-rate investments into nonprofit and for-profit ventures that seek to generate both social impact and financial returns. Complementing ECMC Foundation's strategic grantmaking, the EIV program uses a full spectrum of program-related investments, including debt and equity instruments, to improve educational outcomes and economic mobility among traditionally underserved learners. Financial returns are reinvested into additional program-related investments, allowing ECMC Foundation to recycle investment dollars and generate further positive impact on learners' lives. Since its launch in 2018, EIV has invested $6.2 million across 19 ventures primarily solving for: college persistence and success, alternative postsecondary education financing, career exploration, upskilling and training, and equitable hiring.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)

ExpenseExpenseAmtGrantGrantAmtRevenueRevenueAmtDescDesc
$25,580,257$22,490,289$49,748Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt.
$1,370,000$1,370,000$0GO! Program. ECMC Foundation awards grants to the Generating Outcomes (GO!) Program, a corporate initiative to fund education innovation by funding ideas and partnerships that can be examined for effectiveness in the local communities of the ECMC Group, Inc. employees. To qualify for payment of a GO! Program grant, the awarded recipient must be a third-party nonprofit entity or a governmental partner, such as public schools, and expend the grant award for the purpose designated in the recipient's grant proposal. In 2020, ECMC Foundation awarded 136 grants ranging from $5,000 to $25,000 to recipients in two GO! Program campaigns, including 37 grants to nonprofit organizations to advance racial equity in education awarded through the 2020 GO! Program for Educational Equity.
$0$0$0Teacher and Leader Development. In December 2017, ECMC Foundation made the decision to close out the Teacher and Leader Development program. This program was created to invest in teacher and leader development focused on complex intellectual student work and initiatives that build the diversity pipelines into the teaching and school leader professions. Grants previously awarded by ECMC Foundation under the Teacher and Leader development program will continue to be issued through January 2020. Starting 2018, ECMC Foundation directed funding into their three remaining focus areas; College Success, Career Readiness and Education Innovation Ventures.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$26,950,257TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$23,860,289TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$49,748TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$54,634,225TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document18IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee16EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

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

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Peter J Taylor
President & Director, ECMC Foundation40.00.0Yes (X)Yes (X)$573,155$0$142,023
Derek Langhauser
Director not paid by Foundation & Consultant1.06.0Yes (X)$25,000$46,875$0
Diana J Ingram
Director not paid by Foundation1.08.0Yes (X)$0$133,750$0
Jack O'Connell
Director not paid by Foundation2.06.0Yes (X)$0$130,000$0
James V McKeon
Board Chair not paid by Foundation2.017.0Yes (X)$0$191,250$0
Jeremy J Wheaton
President & CEO, ECMC Group, Inc.0.040.0Yes (X)$0$1,136,906$117,083
Julia S Gouw
Director not paid by Foundation1.07.0Yes (X)$0$157,500$0
K Paul Singh
Director not paid by Foundation1.06.0Yes (X)$0$137,500$0
Maurice M Salter
Director not paid by Foundation1.08.0Yes (X)$0$152,500$0
Daniel S Fisher
Group General Counsel & Corp Sec not paid by Foundation; ECMC President (effective 07-01-20)0.040.0Yes (X)$0$687,972$95,259
Lynn Alvarez
VP, Foundation Programs and Strategy40.00Yes (X)$300,412$0$51,934
Martin A Scanlon
CFO & Treasurer not paid by Foundation0.040.0Yes (X)$0$686,542$90,517
Alissa Santoro
Office Manager & Executive Assistant40.00$120,442$0$23,724Yes (X)
Jennifer E Zeisler
Sr Dir, Program Management40.00$163,561$0$30,812Yes (X)
Jessica E Haselton
Dir, Program-Related Investments40.00$153,147$0$50,903Yes (X)
Loraine Park
Learning and Impact Manager40.00$121,571$0$15,584Yes (X)
Sarah Belnick
Sr Dir, Program Management40.00$143,596$0$28,339Yes (X)
Gregory A Van Guilder
Former CFO not paid by Foundation; current CIO, ECMC Group0.040.0$0$1,072,370$96,552Yes (X)
I King Jordan
Former Director not paid by Foundation0.00.0$0$30,000$0Yes (X)
John F DePodesta
Former Board Chair not paid by Foundation0.00.0$0$100,000$0Yes (X)
Roberta Cooper Ramo
Former Director not paid by Foundation0.00.0$0$75,000$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,600,884TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$4,738,165TotReportableCompRltdOrgAmt
Total Other Compensation$742,730TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K7IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Education Northwest
101 SW Main StPortlandOR97204Consulting Services$176,858
Kimberly Lovett
48 Yale StMaplewoodNJ07040Consulting Services$100,818
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Related Organizations$47,069,000RelatedOrganizationsAmt
Total Contributions$47,069,000TotalContributionsAmt

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

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

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$98,782TotalRevenueColumnAmt
Exclusion$98,782ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

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

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$0OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$215,660OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other-$215,660OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$215,660TotalRevenueColumnAmt
Exclusion-$215,660ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
A grant awarded in a prior year and partially cancelled in 2020813211$49,748$49,748
Intercompany Servicing Revenue900099$1,681$1,681

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$51,429OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$47,003,551TotalRevenueColumnAmt
Related Or Exempt Func Income$49,748RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$115,197ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$51,544,257TotalAmt
Program Services$51,544,257ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,067,524TotalAmt
Management And General$1,067,524ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,188,321TotalAmt
Program Services$2,068,434ProgramServicesAmt
Management And General$119,887ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$98,828TotalAmt
Program Services$93,414ProgramServicesAmt
Management And General$5,414ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$195,612TotalAmt
Program Services$184,895ProgramServicesAmt
Management And General$10,717ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$148,722TotalAmt
Program Services$140,574ProgramServicesAmt
Management And General$8,148ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$83,038TotalAmt
Management And General$83,038ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$41,025TotalAmt
Management And General$41,025ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$36,165TotalAmt
Management And General$36,165ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$675,894TotalAmt
Program Services$0ProgramServicesAmt
Management And General$675,894ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$190,198TotalAmt
Program Services$148,447ProgramServicesAmt
Management And General$41,751ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$120,842TotalAmt
Program Services$94,316ProgramServicesAmt
Management And General$26,526ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$290,109TotalAmt
Program Services$226,426ProgramServicesAmt
Management And General$63,683ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$47,570TotalAmt
Management And General$47,570ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$49,610TotalAmt
Program Services$38,720ProgramServicesAmt
Management And General$10,890ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$121,388TotalAmt
Program Services$94,742ProgramServicesAmt
Management And General$26,646ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$39,868TotalAmt
Management And General$39,868ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMiscellaneous ExpenseDesc
Total$6,503TotalAmt
Management And General$6,503ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$56,945,474TotalAmt
Program Services$54,634,225ProgramServicesAmt
Management And General$2,311,249ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$23,709,235BOYAmt
EOY$11,341,592EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$4,891EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$72,831BOYAmt
EOY$6,196EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$510,229LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$310,040LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$284,867BOYAmt
EOY$200,189EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$691,875,570BOYAmt
EOY$811,847,040EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$2,850,000BOYAmt
EOY$5,176,372EOYAmt

Other Assets Total OtherAssetsTotalGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$718,792,503BOYAmt
EOY$828,576,280EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$664,075BOYAmt
EOY$509,302EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$25,452,329BOYAmt
EOY$25,514,873EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$402,196BOYAmt
EOY$224,168EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$26,518,600BOYAmt
EOY$26,248,343EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$692,273,903BOYAmt
EOY$802,327,937EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$692,273,903BOYAmt
EOY$802,327,937EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$718,792,503BOYAmt
EOY$828,576,280EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$9,941,923ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$119,995,957NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type2Yes (X)SupportingOrgType2Ind
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEINOrganization TypeOrganizationTypeCdGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
Educational Credit Management Corporation
4117786179Yes (true)$53,945,474$0
ECMC Education Inc
4722374882Yes (true)$3,000,000$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt
Support Sum$56,945,474SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd
FieldValueIRS element (for citing)
Majority Dir Trst Supported OrgYes (true)MajorityDirTrstSupportedOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$417,350OtherCostOrOtherBasisAmt
Depreciation$289,916DepreciationAmt
Book Value$127,434BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$92,879OtherCostOrOtherBasisAmt
Depreciation$20,124DepreciationAmt
Book Value$72,755BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$200,189TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescInvestment in ECMC Group, Inc. Apportioned Investment PoolDesc
Book Value$811,847,040BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$811,847,040TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Due To ECMC Group, Inc.$26,796
Due To Educational Credit Management Corporation$461
Due to ECMC Shared Services Company, LLC$138,661
Due to ECMC Education, Inc.-$1,215
Lease Liabilities$59,465
FieldValueIRS element (for citing)
Total Liability$224,168TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$119,894,000TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$119,995,957NetUnrealizedGainsInvstAmt
Other Revenue-$343OtherRevenueAmt
Revenue Not Reported$119,995,614RevenueNotReportedAmt
Revenue Subtotal-$101,614RevenueSubtotalAmt
Other Revenues Not Included$47,105,165OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$47,105,165RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$47,003,551TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$47,338,000TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$691OtherExpensesIncludedAmt
Expenses Not Reported$691ExpensesNotReportedAmt
Expenses Subtotal$47,337,309ExpensesSubtotalAmt
Other Expenses Not Included$9,608,165OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$9,608,165ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$56,945,474TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part XI, Line 2(a) Net unrealized gain on investmentsNet unrealized gain on investment in the ECMC Group, Inc. apportioned investment pool are $119,995,957.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe FIN 48 (ASC 470) disclosure in the ECMC Foundation financial statements reads as follows: "The Internal Revenue Service has determined that ECMC Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. ECMC Foundation is also exempt from state income tax. However, any unrelated business income may be subject to taxation. ECMC Foundation follows the accounting standards in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by ECMC Foundation for uncertain tax positions as of December 31, 2020 or 2019. ECMC Foundation's tax returns are subject to review and examination by federal and state authorities."
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990Rounding adjustment because dollars are reported in thousands on the audited financial statements - -343
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statementsInvestment Management Fee - 36165 Contribution from ECMC Group, Inc. - 30240000 Contribution from Educational Credit Management Corporation - 16829000
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990Rounding adjustment because dollars are reported in thousands on the audited financial statements - 691
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statementsInvestment Management Fee - 36165 Distribution to ECMC Group, Inc. - 9572000

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (246 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
ECMC Group Inc
111 Washington Ave SoMinneapolisMN55401411991995501(C)(3)$9,572,000Operational Support
ECMC Education Inc
111 Washington Ave SoMinneapolisMN55401472237488501(C)(3)$3,000,000Program Support
Educational Credit Management Corporation
111 Washington Ave SoMinneapolisMN55401411778617501(C)(3)$500,000College Success
10000 Degrees
1650 Los Gamos DrSan RafaelCA94903953667812501(C)(3)$10,000General Support
AchieveMpls
2829 University Ave SEMinneapolisMN55414411425264501(C)(3)$10,000General Support
Active Minds
2001 S St NWWashingtonDC20009200587172501(C)(3)$65,000General Support
Adopt-A-Classroom Inc
401 Second Ave NMinneapolisMN55401650828272501(C)(3)$30,000General Support
Albuquerque Academy
6400 Wyoming Blvd NEAlbuquerqueNM87109850129165501(C)(3)$10,000General Support
Alliance for Children's Rights
3333 Wilshire BlvdLos AngelesCA90010954358213501(C)(3)$25,000General Support
AMAZE
1380 Energy LnSt PaulMN55108411972162501(C)(3)$20,000General Support
American Association of Community Colleges
One Dupont Cir NWWashingtonDC20036530196569501(C)(3)$750,000College Success
American Council on Education
One DuPont Cir NWWashingtonDC20036530196573501(C)(3)$448,773Program Support
American Indian College Fund
8333 Greenwood BlvdDenverCO80221521573446501(C)(3)$500,000Career Readiness
American Institutes for Research
1000 Thomas Jefferson St NWWashingtonDC20007250965219501(C)(3)$53,370Career Readiness
Antelope Valley Union High School District
44811 Noth Sierra HwyLancasterCA93534956000127School District$10,000General Support
APIA Scholars
2025 M St NWWashingtonDC20036571192973501(C)(3)$25,000College Success
Arizona State University Foundation
300 East University DrTempeAZ85281866051042501(C)(3)$1,108,500College Success & General Support
Asia Society
725 Park AveNew YorkNY10021133234632501(C)(3)$890,000Career Readiness
Asian Pacific Community Fund
1145 Wilshire BlvdLos AngelesCA90017954257997501(C)(3)$10,000General Support
Aspen Institute
2300 N St NWWashingtonDC20037840399006501(C)(3)$600,000Career Readiness
Atascadero Unified School District
5601 West MallAtascaderoCA93422770059035School District$10,000General Support
Believe in Students
1755 N 13th StPhiladelphiaPA19122813612875501(C)(3)$500,000Program Support
BestPrep
7100 Northland Cir NMinneapolisMN55428411265355501(C)(3)$20,000General Support
Big Brothers Big Sisters of Greater Los Angeles
3150 N San Fernando RdLos AngelesCA90065951904857501(C)(3)$20,000General Support
Bipartisan Policy Center
1225 Eye St NWWashingtonDC20005731628382501(C)(3)$25,000General Support
Bottom Line
50 Milk StBostonMA02109043351427501(C)(3)$10,000General Support
Boy With a Ball
PO Box 748BufordGA30515742994124501(C)(3)$10,000General Support
Breakthrough Twin Cities
2051 Larpenteur Ave ESt PaulMN55109453587267501(C)(3)$20,000General Support
Business-Higher Education Forum
2025 M St NWWashingtonDC20036341986692501(C)(3)$341,000Career Readiness
Butte Community College Foundation
3536 Butte Campus DrOrovilleCA95965943153995501(C)(3)$7,500Program Support
Cal Poly Pomona Philanthropic Foundation
3801 West Temple AvePomonaCA91768832300241501(C)(3)$10,000General Support
California Community Foundation
221 S Figueroa StLos AngelesCA90012953510055501(C)(3)$40,000College Success & General Support
California State University East Bay Foundation Inc
25800 Carlos Bee BlvdHaywardCA94542941524922501(C)(3)$500,000College Success
California State University Long Beach 49er Foundation
6300 E State University DrLong BeachCA90815452163910501(C)(3)$10,000General Support
Camp Odayin
3503 High Point Dr NOakdaleMN55128412014358501(C)(3)$20,000General Support
Capital IDEA Houston
2101 Crawford StHoustonTX77002472462360501(C)(3)$10,000General Support
Career Gear Houston
7500 Bellaire BlvdHoustonTX77036200383035501(C)(3)$20,000General Support
CCF Community Initiatives Fund
221 S Figueroa StLos AngelesCA90012954774698501(C)(3)$50,000College Success
Cedar Lane High School PTSA
101 Cedar Lane SWViennaVA22180270508251501(C)(3)$10,000General Support
Center for Community Health and Well Being
1900 T StSacramentoCA95818680248303501(C)(3)$10,000General Support
Center for Law and Social Policy
1310 L St NWWashingtonDC20005237000150501(C)(3)$10,000General Support
Centreville Layton School
6201 Kennett PikeCentrevilleDE19807510232858501(C)(3)$10,000General Support
City Year
2331 Alhambra BlvdSacramentoCA95817222882549501(C)(3)$4,955,775Program Support & General Support
Claremont Graduate University
150 E 10th StClaremontCA91711951664100501(C)(3)$10,000General Support
College Possible
540 Fairview Ave NSt PaulMN55104411968798501(C)(3)$700,000College Success
College Success Foundation
15500 SE 30th PlaceBellevueWA98007912036088501(C)(3)$10,000General Support
College Track
112 Linden StOaklandCA94607943279613501(C)(3)$25,000General Support
Colorado Center on Law and Policy
789 Sherman StDenverCO80203841264154501(C)(3)$75,000Career Readiness
Community College of Baltimore County Foundation
7200 Sollers Point RdDundalkMD21222203246676501(C)(3)$7,500General Support
Community Foundation of the Ozarks
425 E Trafficway StSpringfieldMO65806237290968501(C)(3)$100,000College Success
Community Initiatives
1000 BroadwayOaklandCA94607943255070501(C)(3)$75,000College Success
Community Partners
1000 N Alameda StLos AngelesCA90012954302067501(C)(3)$355,000College Success & General Support
Corners Outreach
2 Sun CourtPeachtree CornersGA30092455613973501(C)(3)$25,000General Support
Coro Southern California
1000 N Alameda StLos AngelesCA90012954274561501(C)(3)$30,000General Support
Credential Engine Inc
2021 L St NWWashingtonDC20036813389623501(C)(3)$438,883Career Readiness
Cristo Rey Jesuit High School MN
2924 4th Ave SMinneapolisMN55408204548714501(C)(3)$31,000General Support
Crohns & Colitis Foundation
2277 Hwy 36 WRosevilleMN55113136193105501(C)(3)$20,000General Support
Davidson College
405 N Main StDavidsonNC28035560529961501(C)(3)$75,000General Support
DeLaSalle High School
1 DeLaSalle DrMinneapolisMN55401410705834501(C)(3)$20,000General Support
Denver Education Attainment Network
789 Sherman StDenverCO80203841493585501(C)(3)$10,000General Support
Downtown Women's Center
442 S San Pedro StLos AngelesCA90013311597223501(C)(3)$10,000General Support
Dress for Success Houston
3310 Eastside StHoustonTX77098760579697501(C)(3)$20,000General Support
East Side Neighborhood Services
1700 2nd St NEMinneapolisMN55413410873798501(C)(3)$30,000General Support
Education Commission of the States
700 Broadway StDenverCO80203310722194501(C)(3)$239,250College Success
Evans Scholars Foundation
2501 Patriot BlvdGlenviewIL60026362867141501(C)(3)$10,000General Support
Excelencia in Education
1156 15th St NWWashingtonDC20005200927912501(C)(3)$10,000General Support
Excellent Education Development
11858 La Grange AveLos AngelesCA90025954766001501(C)(3)$25,000General Support
Food & Friends Inc
219 Riggs Rd NEWashingtonDC20011521648941501(C)(3)$10,000General Support
Fostering Media Connections
412 W 6thLos AngelesCA90014453860344501(C)(3)$70,000Program Support
Foundation for California Community Colleges
1102 Q StSacramentoCA95811680412350501(C)(3)$320,000Career Readiness & General Support
Four Paws to Freedom
2376 Zinfandel DrRancho CordovaCA95670471318087501(C)(3)$20,000General Support
Friends of South High Foundation
3131 19th Ave SMinneapolisMN55407411506266501(C)(3)$50,000General Support
From the Heart International Education Services (FTH)
8120 Sawyer Brown RdNashvilleTN37221463268712501(C)(3)$10,000General Support
Future Focused Education
FatPipe Co-working SpaceAlbuquerqueNM87102473717716501(C)(3)$400,000Career Readiness200 Broadway Blvd NE
Generation Hope
415 Michigan Ave NEWashingtonDC20017273554088501(C)(3)$85,000Career Readiness & General Support
Georgia Center for Opportunity (GCO)
333 Research CourtPeachtree CornersGA30092581928520501(C)(3)$20,000General Support
Georgia Partnership for Excellence in Education Inc
270 Peachtree St NWAtlantaGA30303581974586501(C)(3)$10,000General Support
Grand Rapids Community College Foundation
142 Bostwick AveGrand RapidsMI49503386100380501(C)(3)$10,000General Support
Great River School
1326 Energy Park DrSt PaulMN55108341975307501(C)(3)$15,000General Support
Greater New Orleans Development Foundation
1100 Poydras StNew OrleansLA70163721177207501(C)(3)$75,000Education Innovation Ventures
Green Dot Public Schools
1149 South Hill StLos AngelesCA90015954679811501(C)(3)$15,000General Support
Guilford College
5800 West Friendly AveGreensboroNC27410560529982501(C)(3)$50,000General Support
Hallie Q Brown Community Center
270 N Kent StSt PaulMN55102410693846501(C)(3)$50,000General Support
HealGrief
2934 Beverly Glen CirLos AngelesCA90077954489570501(C)(3)$25,000General Support
Healing Women of Atlanta Inc
943 Sundew Dr SEConyersGA30013462626164501(C)(3)$20,000General Support
Heart of Los Angeles
2701 Wilshire BlvdLos AngelesCA90057954397418501(C)(3)$25,000General Support
Hillsdale College
33 E College StHillsdaleMI49242381374230501(C)(3)$10,000General Support
HOPE 4 Youth
2191 Northdale Blvd NWCoon RapidsMN55433461626500501(C)(3)$20,000General Support
Hope Children's Home
11415 Hope International DrTampaFL33625620879012501(C)(3)$20,000General Support
Houston Area Urban League
1301 TexasHoustonTX77002741611455501(C)(3)$10,000General Support
iCivics
1035 Cambridge StCambridgeMA02141383796793501(C)(3)$50,000General Support
Ilisagvik College
100 Stevenson StBarrowAK99732920158414501(C)(3)$10,000General Support
iMentor
30 Broad StNew YorkNY10004300105507501(C)(3)$750,000College Success
Indiana University Foundation
1500 State Rd 46BloomingtonIN47408356018940501(C)(3)$10,000General Support
Inside Track Inc
121 SW Salmon StPortlandOR97204843640492501(C)(3)$250,000College Success
Institute for Educational Leadership
4301 Connecticut Ave NWWashingtonDC20008521198450501(C)(3)$10,000General Support
Institute for Higher Education Policy
1825 K St NWWashingtonDC20006521818907501(C)(3)$1,500,000College Success
International Documentary Foundation
3600 Wilshire BlvdLos AngelesCA90010953911227501(C)(3)$10,000General Support
ISD 196 - Rosemount High School
3455 153rd St WRosemountMN55068416007792School$10,000Program Support
Jeremiah Program
615 1st Ave NEMinneapolisMN55413411801834501(C)(3)$440,000Career Readiness, Program Support & General Support
Jobs for the Future
88 Broad StBostonMA02110061164568501(C)(3)$1,500,000Program Support
John Burton Advocates for Youth
235 Montgomery StSan FranciscoCA94104812600695501(C)(3)$10,000General Support
John Jay College Foundation
524 W 59th StNew YorkNY10019133683676501(C)(3)$645,500College Success & General Support
John N Gardner Institute for Excellence in Undergraduate Education
123 E Main StBrevardNC28712260166817501(C)(3)$85,000College Success & General Support
Jordan Elementary School
815 Sunset DrJordanMN55352416003790School$10,000General Support
Junior Achievement of the Upper Midwest Inc
1745 University Ave WSt PaulMN55104411424988501(C)(3)$20,000General Support
Just-A-Start Corporation
1035 Cambridge StCambridgeMA02141237121174501(C)(3)$10,000General Support
Kennett Area Community Services
136 W Cedar StKennett SquarePA19348232215441501(C)(3)$10,000General Support
KIPP Metro Atlanta Schools
1445 Maynard Rd NWAtlantaGA30331113723114501(C)(3)$25,000General Support
KIPP Minnesota
5034 North Oliver AveMinneapolisMN55430208877750501(C)(3)$40,000General Support
KIPP SoCal Public Schools
3601 E First StLos AngelesCA90063261607268501(C)(3)$25,000General Support
Lassen College Foundation
30 S Roop StSusanvilleCA96130942450784501(C)(3)$7,500General Support
Latino Network
410 NE 18th AvePortlandOR97232731675402501(C)(3)$7,500General Support
LIFT
999 N Capitol St NEWashingtonDC20002522168409501(C)(3)$10,000General Support
Literacy Matters Foundation
1005 W Franklin AveMinneapolisMN55405812943386501(C)(3)$7,500General Support
Loaves & Fishes TOO
721 Kasota Ave SEMinneapolisMN55414411421522501(C)(3)$10,000General Support
Los Angeles Conservation Corps
1400 North Spring StLos AngelesCA90012954002138501(C)(3)$10,000General Support
Los Angeles Room & Board
106 N 3rd StAlhambraCA91801833172348501(C)(3)$20,000General Support
Los Angeles Valley College Foundation
5800 Fulton AveValley GlenCA91401237349231501(C)(3)$149,900Career Readiness
Loyola Marymount University
1 LMU DrLos AngelesCA90045951643334501(C)(3)$25,000General Support
MacPhail Center for Music
501 So 2nd StMinneapolisMN55401411729340501(C)(3)$10,000General Support
Management Leadership for Tomorrow
7201 Wisconsin AveBethesdaMD20814521795164501(C)(3)$75,000General Support
Mary's Center for Maternal and Child Care Inc
2333 Ontario Rd NWWashingtonDC20009521594116501(C)(3)$30,000General Support
MDRC
200 Vesey StNew YorkNY10281237379473501(C)(3)$220,000College Success
Merit America
712 H St NEWashingtonDC20002842108762501(C)(3)$10,000General Support
Mi Casa Resource Center
345 S Grove StDenverCO80219840867773501(C)(3)$150,000Career Readiness
Minnesota Education Equity Partnership (MnEEP)
2233 University Ave WSt PaulMN55114411699505501(C)(3)$7,500General Support
Minnesota Music Coalition
75 5th St ESt PaulMN55102273733911501(C)(3)$10,000General Support
Mission Asset Fund
3269 Mission StSan FranciscoCA94110208993652501(C)(3)$500,000Program Support
Mn Adult & Teen Challenge
740 E 24th StMinneapolisMN55404411517351501(C)(3)$20,000General Support
NAMI Minnesota (National Alliance on Mental Illness)
1919 University Ave WMinneapolisMN55104411317030501(C)(3)$20,000General Support
National Academy of Sciences
500 Fifth St NWWashingtonDC20001530196932501(C)(3)$149,999College Success
National Alliance for Partnerships in Equity (NAPE) Education Foundation
91 Newport PikeGapPA17527134249100501(C)(3)$160,000Career Readiness & General Support
National Association of Student Financial Aid Administrators (NASFAA)
1801 Pennsylvania Ave NWWashingtonDC20006830211970501(C)(3)$115,000College Success
National League of Cities Institute
660 North Capitol St NWWashingtonDC20001526055762501(C)(3)$710,000College Success & General Support
National Public Radio
1111 N Capitol St NEWashingtonDC20002520907625501(C)(3)$260,000General Support
National Skills Coalition
1250 Connecticut Ave NWWashingtonDC20036300075580501(C)(3)$500,000Career Readiness
National Student Clearinghouse Research Center
2300 Dulles Station BlvdHerndonVA20171271255674501(C)(3)$164,566College Success
Nevada System of Higher Education
2601 Enterprise RdRenoNV89512886000024School$750,000College Success
New America
740 15th St NWWashingtonDC20005522096845501(C)(3)$150,000Career Readiness
North Branch Area Education Foundation
5842 Old Main StNorth BranchMN55056272029579501(C)(3)$10,000General Support
North Carolina State University
2701 Sullivan DrRaleighNC27695566000756School$10,000General SupportSte 240
Northern Nevada Literacy Council
1400 Wedekind RdRenoNV89512880208520501(C)(3)$20,000General Support
Northern New Mexico College Foundation
921 N Paseo De OnateEspaolaNM87532742835828501(C)(3)$10,000General Support
Northern Virginia Community College Educational Foundation
4001 Wakefield Chapel RdAnnandaleVA22003510249730501(C)(3)$25,000General Support
Northland Workforce Training Center
683 Northland AveBuffaloNY14211223781639501(C)(3)$402,875Career Readiness
Northside Achievement Zone
2123 West Broadway AveMinneapolisMN55411300238807501(C)(3)$25,000General Support
Notre Dame High School of West Haven Inc
One Notre Dame WayWest HavenCT06516060646748501(C)(3)$25,000General Support
Old Dominion University Educational Foundation
4417 Monarch WayNorfolkVA23529546052014501(C)(3)$10,000General Support
Open Syllabus
306 W 100th StNew YorkNY10025843255967501(C)(3)$400,000College Success
Operation Restoration
1450 Poydras StNew OrleansLA70112611791941501(C)(3)$160,000Career Readiness & General Support
Orono Schools ISD #278
685 Old Crystal Bay Rd NLong LakeMN55356416001403School$25,000General Support
Page Education Foundation
901 N 3rd StMinneapolisMN55401363605013501(C)(3)$15,000General Support
Partners for College Affordability & Public Trust
1629 K St NWWashingtonDC20006472533655501(C)(3)$150,000College Success
Paul Quinn College
3837 Simpson Stuart RdDallasTX75241741238438501(C)(3)$80,000General Support
PeerForward
1140 3rd St NEWashingtonDC20002522007028501(C)(3)$450,000College Success
Pennsylvanias State System of Higher Education
2986 N 2nd StHarrisburgPA17110232250505501(C)(3)$300,000Program Support
People Serving People
614 Third St SoMinneapolisMN55415411965067501(C)(3)$20,000General Support
Pillsbury United Communities
125 W Broadway AveMinneapolisMN55411410916478501(C)(3)$25,000General Support
Posse Foundation
515 South Figueroa StLos AngelesCA90071133840394501(C)(3)$10,000General Support
Project GRAD Houston
3100 Main StHoustonTX77002760450397501(C)(3)$10,000General Support
Project Self Sufficiency
307 Placentia AveNewport BeachCA92663222727412501(C)(3)$10,000General Support
Proyecto Pastoral on behalf of Promesa Boyle Heights
135 N Mission RdLos AngelesCA90033953213958501(C)(3)$25,000General Support
Public Policy Institute of California
500 Washington StSan FranciscoCA94111943207299501(C)(3)$10,000General Support
RAND Corporation
1776 Main StSanta MonicaCA90401951958142501(C)(3)$50,000College Success
Reading Partners Twin Cities
2324 University Ave WSt PaulMN55114770568469501(C)(3)$10,000General Support
Redondo Beach Unified School District
1401 Inglewood AveRedondo BeachCA90278956002528School District$10,000General Support
REID Institute
14019 Southwest FreewaySugarlandTX77478471344232501(C)(3)$10,000General Support
Research Foundation of the City University of New York
230 West 41st StNew YorkNY10036131988190501(C)(3)$20,000General Support
Rise Education Fund
4221 Grand View BlvdLos AngelesCA90066843954465501(C)(3)$95,000College Success
Rockefeller Philanthropy Advisors
6 W 48th StNew YorkNY10036133615533501(C)(3)$75,000College Success
Roots of Recovery
PO Box 1479HampsteadNC28443812909744501(C)(3)$10,000General Support
Roseville Joint Union High School District
1750 Cirby WayRosevilleCA95661946002478School District$10,000General Support
Rutgers University Foundation
335 George StNew BrunswickNJ08901237318742501(C)(3)$7,500General Support
Sacramento Loaves and Fishes
PO Box 13495SacramentoCA95813680189897501(C)(3)$30,000General Support
Saint Charles Borromeo School
2727 Stinson BlvdSaint AnthonyMN55418410706912501(C)(3)$10,000General Support
Sanford School
6900 Lancaster PikeHockessinDE19707510064331501(C)(3)$10,000General Support
Santa Fe Opera
301 Opera DrSanta FeNM87506850131810501(C)(3)$10,000General Support
School District of New Richmond
967 Starr AveStillwaterWI54017396003673School District$10,000General Support
Scripps College
1030 Columbia AveClaremontCA91711951664123501(C)(3)$10,000General Support
SeaChange Capital Partners
1385 BroadwayNew YorkNY10018205124665501(C)(3)$1,555,000Program Support
Seattle Jobs Initiative
1200 12th Ave SoSeattleWA98144470900181501(C)(3)$10,000General Support
Simi Valley Education Foundation
PO Box 1439Simi ValleyCA93062770299495501(C)(3)$10,000General Support
Sinclair Community College
444 W Third StDaytonOH45402310723444501(C)(3)$10,000General Support
Skills for Chicagoland's Future
191 N Wacker DrChicagoIL60606451287418501(C)(3)$10,000General Support
Social Justice Learning Institute
600 Centinela AveInglewoodCA90302263413373501(C)(3)$10,000General Support
Southern California Grantmakers
1000 North Alameda StLos AngelesCA90012952831058501(C)(3)$25,000General Support
Southern Scholarship Foundation
322 Stadium DrTallahasseeFL32304590939481501(C)(3)$10,000General Support
St Coletta of Wisconsin Inc
n4637 County Rd YJeffersonWI53549390816855501(C)(3)$20,000General Support
St Croix Preparatory Academy
4260 Stagecoach Trail NStillwaterMN55082900103622501(C)(3)$10,000General Support
St Croix Valley Restorative Svcs & Friends of Joshua House Fnd Inc
215 N 2nd St Ste 108River FallsWI54022300133750501(C)(3)$10,000General Support
State Higher Education Executive Officers Association
3035 Center Green DrBoulderCO80301237167258501(C)(3)$1,499,960College Success
Step Up for Students
1901 Ulmerton RdClearwaterFL33762593649371501(C)(3)$12,500General Support
Summit Academy OIC
935 Olson Memorial HwyMinneapolisMN55405410908458501(C)(3)$15,000General Support
SW New Mexico Work Based Learning Consortium
1422 Highway 180 ESilver CityNM88061812440799501(C)(3)$15,000College Success
Swipe Out Hunger
800 Wilshire BlvdLos AngelesCA90017452038035501(C)(3)$50,000Program Support
Teacher's College Columbia University
525 West 120th StNew York CityNY10027131624202501(C)(3)$175,000Career Readiness & General SupportBox 21
The Campaign for College Opportunity
1149 S Hill StLos AngelesCA90015200427622501(C)(3)$15,000General Support
The Center for Occupational Research and Development (CORD)
4901 Bosque BlvdWacoTX76710742077794501(C)(3)$10,000General Support
The City University of New York
205 East 42nd StNew YorkNY10017133893536School$50,000General Support
The College Crusade of Rhode Island
134 Thurbers AveProvidenceRI02905223031765501(C)(3)$10,000General Support
The Common App Inc
3003 Washington BlvdArlingtonVA22201912170737501(C)(3)$500,000College Success
The Community Foundation for Northern Virginia
2940 Hunter Mill RdOaktonVA22124510232459501(C)(3)$50,000General Support
The Foundation for Maines Community Colleges
54 Lighthouse CirSouth PortlandME04106271363414501(C)(3)$10,000General Support
The Hidden Genius Project
2934 Telegraph AveOaklandCA94609460689949501(C)(3)$15,000General Support
The Partnership Plan
1875 Greeley St SoStillwaterMN55082203012418501(C)(3)$10,000General Support
The Reisman Institute
1971 University BlvdLynchburgVA24515811856403501(C)(3)$30,000General Support
The Steve Fund
PO Box 9070ProvidenceRI02940474730275501(C)(3)$350,000College Success
The Tennessee Higher Education Initiative
1006 Shelby AveNashvilleTN37206454531767501(C)(3)$10,000General Support
The UCLA Foundation
UCLA External Affairs Box 951590Los AngelesCA90095952250801501(C)(3)$80,000Program Support & General SupportWilshire Center
The Unusual Suspects Theatre Company
3719 Verdugo RdLos AngelesCA90065954661312501(C)(3)$15,000General Support
The Vera Institute of Justice
34 35th StBrooklynNY11232131941627501(C)(3)$50,000Career Readiness
The Village Method
33170 Alvarado-Niles RdUnion CityCA94587472180493501(C)(3)$7,500General Support
The Youth Mentoring Action Network
PO Box 1633ClaremontCA91711274560912501(C)(3)$35,000College Success & General Support
Think New Mexico
1227 Paseo del PeraltaSanta FeNM87501311611995501(C)(3)$15,000General Support
ThinkSelf
2375 University Ave WSt PaulMN55114813668773501(C)(3)$20,000General Support
Third Sector Capital Partners Inc
225 Franklin StBostonMA02110461301032501(C)(3)$500,000College Success
Thurgood Marshall College Fund
901 F St NWWashingtonDC20004411750692501(C)(3)$270,000College Success
Triton College
2000 Fifth AveRiver GroveIL60171363089812501(C)(3)$10,000General Support
Twin Cities Catalyst Music
75 Civic Center PkwyBurnsvilleMN55337472182792501(C)(3)$20,000General Support
uAspire
31 Milk StBostonMA02109461314848501(C)(3)$10,000General Support
Umpqua Community College Foundation
1140 Umpqua College RdRoseburgOR97470237287018501(C)(3)$7,500General Support
United Way of King County
720 Second AveSeattleWA98104910565555501(C)(3)$10,000General Support
University of Alaska Fnd & Alaska Native Sci & Engr Program
1815 Bragaw StAnchorageAK99508237394620501(C)(3)$60,000General Support
University of Hawaii Foundation
2444 Dole StHonoluluHI96822990085260501(C)(3)$10,000General SupportBachman Hall 105
University of New Mexico Foundation
1 University of New MexicoAlbuquerqueNM87131850275408501(C)(3)$25,000General Support
University of North Carolina
Finance Admin CSLD BldgChapel HillNC27517566001393School$10,000General Support140 Friday Center Dr
University of Southern California Pullias Center for Higher Education
3470 Trousdale PkwyLos AngelesCA90089951642394501(C)(3)$9,350General SupportWaite Phillips Hall
Urban Institute
500 LEnfant PlazaWashingtonDC20024520880375501(C)(3)$2,500,000Career Readiness
Urban Ventures Leadership Foundation
2924 4th Ave SoMinneapolisMN55408363558710501(C)(3)$250,000Program Support & General Support
Virginia Center for Inclusive Communities
5511 Staples Mill RdRichmondVA23228203188273501(C)(3)$7,500General Support
Virginia Commonwealth University Foundation
PO Box 842039RichmondVA23284540757884501(C)(3)$10,000General Support
Virginia Foundation for Community College Education
300 Arboretum PlRichmondVA23236237004354501(C)(3)$10,000General Support
Wallin Education Partners
5200 Willson RdMinneapolisMN55424208505156501(C)(3)$30,000General Support
Wausau School Foundation
415 Seymour StWausauWI54403200287482501(C)(3)$10,000General Support
We are TR Foundation
3222 Winona WayNorth HighlandsCA95660471055946501(C)(3)$10,000General Support
We Can Ride
4301 County Rd 24MedinaMN55359411433903501(C)(3)$20,000General Support
WestEd
730 Harrison StSan FranciscoCA94107943233542501(C)(3)$300,000College Success
Western Interstate Commission for Higher Education
3035 Center Green DrBoulderCO80301846008945501(C)(3)$500,000College Success
Williamson College of the Trades
106 S New Middletown RdMediaPA19063231352691501(C)(3)$433,400Program Support
Women Employed
65 E Wacker PlaceChicagoIL60601362969526501(C)(3)$492,000Career Readiness
Women's Foundation of Southern Arizona
1661 N Swan RdTucsonAZ85712311660702501(C)(3)$760,000Career Readiness & General Support
WomenVenture
2021 East Hennepin AveMinneapolisMN55413411463426501(C)(3)$25,000General Support
Woodson Center
1625 K St NWWashingtonDC20006521217891501(C)(3)$25,000General Support
World Education Inc
44 Farnsworth StBostonMA02210131804349501(C)(3)$10,000General Support
YMCA of the Greater Twin Cities
1801 University Ave SEMinneapolisMN55414452563299501(C)(3)$15,000General Support
FieldValueIRS element (for citing)
Total501c3 Org246Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationHelping low-income students pursue higher education is core to ECMC Foundation's mission. ECMC Foundation closely monitors the use of the cash grants to ECMC Education, Inc. through reports to management and the Board of Directors on a regular basis. The remaining grants and assistance to the organizations listed in Part II further ECMC Foundation's mission and program evaluations are part of all grant projects funded.ExplanationTxt

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Peter J Taylor
President & Director, ECMC Foundation$390,303$0$80,000$0$102,852$0$127,391$0$14,632$0$715,178$0$90,690$0
Roberta Cooper Ramo
Former Director not paid by Foundation$0$75,000$0$0$0$0$0$0$0$0$0$75,000$0$0
John F DePodesta
Former Board Chair not paid by Foundation$0$100,000$0$0$0$0$0$0$0$0$0$100,000$0$0
I King Jordan
Former Director not paid by Foundation$0$30,000$0$0$0$0$0$0$0$0$0$30,000$0$0
Julia S Gouw
Director not paid by Foundation$0$157,500$0$0$0$0$0$0$0$0$0$157,500$0$0
James V McKeon
Board Chair not paid by Foundation$0$191,250$0$0$0$0$0$0$0$0$0$191,250$0$0
Maurice M Salter
Director not paid by Foundation$0$152,500$0$0$0$0$0$0$0$0$0$152,500$0$0
Jeremy J Wheaton
President & CEO, ECMC Group, Inc.$0$542,193$0$572,655$0$22,058$0$85,621$0$31,462$0$1,253,989$0$19,500
Gregory A Van Guilder
Former CFO not paid by Foundation; current CIO, ECMC Group$0$659,911$0$331,875$0$80,584$0$80,180$0$16,372$0$1,168,922$0$19,500
Lynn Alvarez
VP, Foundation Programs and Strategy$296,556$0$0$0$3,856$0$38,060$0$13,874$0$352,346$0$0$0
Daniel S Fisher
Group General Counsel & Corp Sec not paid by Foundation; ECMC President (effective 07-01-20)$0$388,184$0$277,324$0$22,464$0$60,469$0$34,790$0$783,231$0$19,500
Martin A Scanlon
CFO & Treasurer not paid by Foundation$0$365,233$0$299,798$0$21,511$0$58,750$0$31,767$0$777,059$0$17,700
Sarah Belnick
Sr Dir, Program Management$142,710$0$0$0$886$0$18,712$0$9,627$0$171,935$0$0$0
Jessica E Haselton
Dir, Program-Related Investments$151,631$0$0$0$1,516$0$18,240$0$32,663$0$204,050$0$0$0
Jennifer E Zeisler
Sr Dir, Program Management$157,229$0$0$0$6,332$0$20,630$0$10,182$0$194,373$0$0$0

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a Tax indemnification and gross-up paymentsCertain taxable benefits are grossed up to make the employee whole; this has been approved by the Board of Directors.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensationAs noted in Part VII of Form 990 and Schedule J, Part II, the only Executive Officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other Executive Officers' compensation was paid by related organizations.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement planECMC Group, Inc. maintains a supplemental nonqualified retirement plan described in section 457(f), and a Supplemental Employee Retirement Plan (SERP), to attract and retain employees, typically in management positions. In 2020, 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 $30,759, $23,669, $3,957 and $3,888, respectively, and Peter J. Taylor participated in the SERP plan, and received an employer contribution of $76,756.
Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organizationAs noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated primary financial goals, which includes revenues, before any payment to any officer is made.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organizationAs noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated performance metrics, which includes net earnings before any payment to any officer is made.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (16 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services(Expenses $ 25,580,257 including grants of $ 22,490,289)(Revenue $ 49,748) Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt.
Form 990, Part III, Line 4d Description of other program services(Expenses $ 1,370,000 including grants of $ 1,370,000)(Revenue $ 0) GO! Program. ECMC Foundation awards grants to the Generating Outcomes (GO!) Program, a corporate initiative to fund education innovation by funding ideas and partnerships that can be examined for effectiveness in the local communities of the ECMC Group, Inc. employees. To qualify for payment of a GO! Program grant, the awarded recipient must be a third-party nonprofit entity or a governmental partner, such as public schools, and expend the grant award for the purpose designated in the recipient's grant proposal. In 2020, ECMC Foundation awarded 136 grants ranging from $5,000 to $25,000 to recipients in two GO! Program campaigns, including 37 grants to nonprofit organizations to advance racial equity in education awarded through the 2020 GO! Program for Educational Equity.
Form 990, Part III, Line 4d Description of other program services(Expenses $ 0 including grants of $ 0)(Revenue $ 0) Teacher and Leader Development. In December 2017, ECMC Foundation made the decision to close out the Teacher and Leader Development program. This program was created to invest in teacher and leader development focused on complex intellectual student work and initiatives that build the diversity pipelines into the teaching and school leader professions. Grants previously awarded by ECMC Foundation under the Teacher and Leader development program will continue to be issued through January 2020. Starting 2018, ECMC Foundation directed funding into their three remaining focus areas; College Success, Career Readiness and Education Innovation Ventures.
Form 990, Part VI, Line 13 Whistleblower PolicyThe ECMC Group, Inc. whistleblower policy requires directors, officers and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. Employees and representatives of the Corporation are 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 repercussions 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 binds all employees 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 an anonymous telephone hotline and website administered by an outside vendor to report concerns. The hotline and website are available and accessible to ECMC Group, Inc. and affiliated companies' directors, officers, employees and vendors.
Form 990, Part VI, Line 2 Family/business relationships amongst interested personsMr. McKeon and Mr. Salter - Business relationship, Ms. Gouw and Mr. Taylor - Business relationship
Form 990, Part VI, Line 6 Classes of members or stockholdersECMC Foundation has one member. The member is ECMC Group, Inc. a Delaware, non-stock, nonprofit corporation exempt under section 501(c)(3). There are no stockholders.
Form 990, Part VI, Line 7a Members or stockholders electing members of governing bodyECMC Group, Inc. has the right to elect and/or approve all the directors of the ECMC Foundation Board of Directors.
Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholdersECMC Group, Inc., the sole member of ECMC Foundation, retains the following authority over ECMC Foundation: 1. To authorize amendments to the Articles of Incorporation and Bylaws. 2. To approve the strategic and financial plans. 3. To elect and/or approve the members of the Board of Directors. 4. To oversee coordination of programs and services offered. 5. To authorize formation, governance and dissolution.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyAll members of the Board of Directors and executive management are provided a copy of Form 990 to review and provide comments prior to filing. All members of the Board of Directors and executive management are provided with a copy of the final version of Form 990 before it has been filed.
Form 990, Part VI, Line 12c Conflict of interest policyOfficers, directors and all employees are required to reaffirm on an annual basis their understanding of the company's Conflict of Interest Policy. The affirmation specifically references that the individual will comply with the directives of the Conflict of Interest Policy. Officers, Directors and key employees are also required to complete an annual Form 990 relationship disclosure document to identify any potential conflicts of interest. Finally, the company's vendor procurement process includes questions of business unit contract owners to determine if any conflicts of interest may exist. Monitoring and enforcement of the policy are accomplished through the policy reaffirmation process, affirmative disclosure requests and the policy requirement that all conflicts of interest be reported. In cases where a potential conflict exists at the officer and key employee levels, the issue is disclosed to the ECMC Group, Inc. CEO, 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 where they may have a conflict of interest.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialAs noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2020, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, through Arnold & Porter Kaye Scholer LLP to identify appropriate CEO and senior executive compensation packages. Arnold & Porter Kaye Scholer LLP provided an opinion on the reasonableness of this compensation. The market analysis performed by Grant Thornton for Arnold & Porter Kaye Scholer LLP includes salary and incentive data from an appropriate peer group under IRS regulations and includes only nonprofit entities.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesAs noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2020, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, through Arnold & Porter Kaye Scholer LLP to identify appropriate CEO and senior executive compensation packages. Arnold & Porter Kaye Scholer LLP provided an opinion on the reasonableness of this compensation. The market analysis performed by Grant Thornton for Arnold & Porter Kaye Scholer LLP includes salary and incentive data from an appropriate peer group under IRS regulations and includes only nonprofit entities.
Form 990, Part VI, Line 19 Required documents available to the publicThe Form 990 is made available to the public on ECMC Foundation's website. No other documents are made available to the public.
Form 990, Part VII, Section A Directors' CompensationECMC Foundation Directors do not receive compensation for their service associated with ECMC Foundation, but do receive compensation for their service provided to related organizations---ECMC and ECMC Group, Inc. With the exception of the President, Peter J. Taylor, the executive officers of ECMC Foundation do not receive compensation for their service associated with ECMC Foundation, but do receive compensation for their service provided to related organizations---ECMC and ECMC Group, Inc. John F. DePodesta, Roberta Cooper Ramo and I. King Jordan, former Directors, had consulting agreements in 2020. Derek Langhauser had a consulting agreement in 2020; the agreement ended prior to his appointment to the Board of Directors.
Form 990, Part X, Line 12 Investments-Other SecuritiesInvestments-other securities of $811,847,040 are held in the ECMC Group, Inc. Apportioned Investment Pool and $400,000 are invested in a fund outside of the Apportioned Investment Pool. Investments in ECMC Group, Inc. Apportioned Investment Pool represent an ownership interest in the investment pool managed by ECMC Group, Inc., not in the underlying assets themselves. The ownership interests in this pool are not themselves publicly traded, nor can they be valued based on direct or indirect inputs as defined by Financial Accounting Standards Board Accounting Standards Codification Topic 820. ECMC Foundation's investments consist of pooled funds invested with ECMC Group, Inc. that are generally redeemable upon request. The pooled investment is, under fair value hierarchy, a Level 2 investment. The investment strategy of ECMC Foundation is to diversify risk and provide a return that satisfies the short- and long-term objectives. The Apportioned Investment Pool has unfunded commitments of approximately $490,048,000 in alternative investments. ECMC Foundation has no unfunded commitments to the Apportioned Investment Pool at December 31, 2020.
Form 990, Part XI, Line 5 Net unrealized gain on investmentsNet unrealized gain on investment in the ECMC Group, Inc. Apportioned Investment Pool are $119,995,957.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
Educational Credit Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411778617GuarantorMN501(c)(3)10ECMC Group Incfalse
ECMC Group Inc
111 Washington Ave SoSte 1400MinneapolisMN55401411991995Education FinanceDE501(c)(3)Type IINAfalse
ECMC Education Inc
111 Washington Ave SoSte 1400MinneapolisMN55401472237488Career CollegesDE501(c)(3)2ECMC Group Incfalse
ECMC Revenue Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401831761663Student Loan Default ResolutionDE501(c)(3)10Educational Credit Management Corporationfalse
ECMC Services Inc
111 Washington Ave SoSte 1400MinneapolisMN55401831763915Student Loan Repayment ServicesDE501(c)(3)10Educational Credit Management Corporationfalse

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (13 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
ATX A-Team The Guild LP
500 W Second StSte 1900 153AustinTX78701843490066InvestmentsTXNAN/Afalsefalse
ATX A-Team Zenbusiness LP
500 W Second StSte 1900 153AustinTX78701853438448InvestmentsTXNAN/Afalsefalse
Blackhorn Select LP
1800 Wazee StSte 300DenverCO80202844370139InvestmentsDENAN/Afalsefalse
BST 052 a series of SAX Capital Series Fund III LP
PO Box 3217SeattleWA98114853876811InvestmentsDENAN/Afalsefalse
Commonfund Capital Secondaries Opportunities Fund LP
15 Old Danbury RdWiltonCT06897842082338InvestmentsDENAN/Afalsefalse
ECMC-UV Co-Investment Fund LP
530 7th AveSte 1909New YorkNY10018813873029InvestmentsDENAN/Afalsefalse
First Light Prism Fund LP
3300 Edinborough WaySte 201EdinaMN55435371911642InvestmentsDENAN/Afalsefalse
R7 Partners Growth Fund I LP
100 S Wacker DrSte 1675ChicagoIL60606851019413InvestmentsDENAN/Afalsefalse
OnRamp Education and Workforce Innovation Fund I LLC
821 E Washington AveSte 200-GMadisonWI53703843999115InvestmentsDENAN/Afalsefalse
PC-1 Developers LLC
3636 Mayberry DrRenoNV89509831603672InvestmentsNVNAN/Afalsefalse
UP Fund I a series of Boost VC SPV LP
PO Box 3217SeattleWA98114851519551InvestmentsDENAN/Afalsefalse
Wilshire Institutional Master Fund II SPC - Oakdale Liquid Alternatives SP
981538445InvestmentsNAN/Afalsefalse190 Elgin AveGeorge TownGrand CaymanCJKY19005CJ
WY Fund I a series of Boost VC SPV LP
PO Box 3217SeattleWA98114851519506InvestmentsDENAN/Afalsefalse

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (9 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtAddress Line2ForeignAddress/AddressLine2TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
Oakdale Investment Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401352085743Holding InvestmentsDEECMC Group IncC Corporationfalse
ECMC Holdings Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411991992Strategic OversightDEECMC Group IncC Corporationfalse
Educational Credit Services Company
111 Washington Ave SoSte 1400MinneapolisMN55401411992001Private LoansDEECMC Holdings CorporationC Corporationfalse
ECMC Records & Rec Mgmt Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989959Document ManagementDEECMC Holdings CorporationC Corporationfalse
ECMC Management Services Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989960Management ServicesDEECMC Holdings CorporationC Corporationfalse
ECMC Technology Services Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989958Technology ServicesDEECMC Holdings CorporationC Corporationfalse
ECMC Servicing Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401471154366Loan ServicingDEECMC Holdings CorporationC Corporationfalse
ECMC Private Market Opportunities LP
452 Fifth Ave29th FlNew YorkNY10018842552668InvestmentsDEECMC Group IncC Corporationfalse
Palo Alto Advanced Life Sciences Offshore Ltd
InvestmentsECMC Group IncC Corporationfalsec/o Walkers Cayman Corporate Center27 Hospital RdGeorgetownGrand CaymanCJKY19008CJ
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule R, Part V, Line 1n Sharing of Facilities, Equipment, or Other Assets with Related Org(s)$655,609 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$53,906 Reimbursement Paid to ECMC Group, Inc. for Expenses.
Schedule R, Part I Disregarded Entities of Related Organizations1(a)-Name. Oakdale Student Loan Funding, LLC (27-1914648), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 1(b)-Primary activity. Holding FFELP Loans. 1(c)-Legal domicile. DE. 1(f)-Direct controlling entity. ECMC Group, Inc. 2(a)-Name. ECMC Shared Services Company, LLC (81-0690960), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 2(b)-Primary activity. Support Services Functions. 2(c)-Legal domicile. DE. 2(f)-Direct controlling entity. ECMC Group, Inc. 3(a)-Name. Patriot Student Loan Capital, LLC (81-3501777), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 3(b)-Primary activity. Trust Student Loans. 3(c)-Legal domicile. DE. 3(f)-Direct controlling entity. ECMC Group, Inc.
Schedule R, Part V, Line 1b Gift, Grant, or Capital Contribution to Related Organization(s)$3,000,000 grants awarded by ECMC Foundation to ECMC Education, Inc. for career readiness initiatives and programs, which further its mission to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities.
Schedule R, Part V, Line 1o Sharing of Paid Employees with Related Organization(s)$1,345,871 Allocated Expenses for Paid Employees Shared with ECMC Shared Services Company, LLC, a Wholly Owned Subsidiary of ECMC Group, Inc., a Related Organization.
Schedule R, Part V, Line 1b Gift, Grant, or Capital Contribution to Related Organization(s)$500,000 grants awarded by ECMC Foundation to Educational Credit Management Corporation for College Success initiatives.
Schedule R, Part V, Line 1o Sharing of Paid Employees with Related Organization(s)$237,665 Allocated Expenses for Paid Employees Shared with ECMC Group, Inc.
Schedule R, Part V, Line 1c Gift, Grant, or Capital Contribution From Related Organization(s)$30,240,000 contribution from ECMC Group, Inc.
Schedule R, Part V, Line 1c Gift, Grant, or Capital Contribution From Related Organization(s)$16,829,000 contribution from Educational Credit Management Corporation.
Schedule R, Part V, Line 1b Gift, Grant, or Capital Contribution to Related Organization(s)$9,872,000 distribution to ECMC Group, Inc.