2021-11-09T18:01:17-06:00 2020-12-31 390859910 Baker Tilly US LLP 225 South 6th Street Suite 2300 Minneapolis MN 55402 990 2020-01-01 411990628 ECMC Foundation ECMC 6512210566 111 Washington Ave So 1400 Minneapolis MN 55401 Martin A Scanlon CFO & Treasurer 2021-11-09 true Martin A Scanlon 999009999 Lawrence H Mohr CPA P00447603 6128764500 2020 2022-09-23 18:48:47Z Peter J Taylor 111 Washington Ave So 1400 Minneapolis MN 55401 47219211 false X www.ecmcfoundation.org X 2000 DE ECMC Foundation is a grantmaking foundation focused on improving higher education and career success among underserved populations through evidence-based innovation. 9 7 16 0 0 0 47069000 0 42877828 -116878 501680 51429 43379508 47003551 37162021 51544257 0 2583377 3699007 0 0 2588373 1702210 42333771 56945474 1045737 -9941923 718792503 828576280 26518600 26248343 692273903 802327937 X ECMC Foundation's mission is to improve higher education and career success among underserved populations through evidence-based innovation. false false 15047690 15047690 0 College Success. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. 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. 12561278 12561278 0 Career Readiness. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. 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. 75000 75000 0 Education Innovation Ventures. The Foundation supports three focus areas: College Success, Career Readiness and Education Innovation Ventures; and uses a spectrum of funding structures, including strategic grantmaking and program-related investments. 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. 25580257 22490289 49748 Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt. 1370000 1370000 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. 0 0 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. 26950257 23860289 49748 54634225 true true false false false false false false false true true false false true true true true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 18 0 16 true false false false false false false false false false false false false X 9 7 true false false false true true true true true false false true true true true true true true true false CA X X Martin A Scanlon 6512210566 111 Washington Ave So Ste 1400 Minneapolis MN 55401 Peter J Taylor President & Director, ECMC Foundation 40.0 0.0 X X 573155 0 142023 Derek Langhauser Director not paid by Foundation & Consultant 1.0 6.0 X 25000 46875 0 Diana J Ingram Director not paid by Foundation 1.0 8.0 X 0 133750 0 Jack O'Connell Director not paid by Foundation 2.0 6.0 X 0 130000 0 James V McKeon Board Chair not paid by Foundation 2.0 17.0 X 0 191250 0 Jeremy J Wheaton President & CEO, ECMC Group, Inc. 0.0 40.0 X 0 1136906 117083 Julia S Gouw Director not paid by Foundation 1.0 7.0 X 0 157500 0 K Paul Singh Director not paid by Foundation 1.0 6.0 X 0 137500 0 Maurice M Salter Director not paid by Foundation 1.0 8.0 X 0 152500 0 Daniel S Fisher Group General Counsel & Corp Sec not paid by Foundation; ECMC President (effective 07-01-20) 0.0 40.0 X 0 687972 95259 Lynn Alvarez VP, Foundation Programs and Strategy 40.0 0 X 300412 0 51934 Martin A Scanlon CFO & Treasurer not paid by Foundation 0.0 40.0 X 0 686542 90517 Alissa Santoro Office Manager & Executive Assistant 40.0 0 X 120442 0 23724 Jennifer E Zeisler Sr Dir, Program Management 40.0 0 X 163561 0 30812 Jessica E Haselton Dir, Program-Related Investments 40.0 0 X 153147 0 50903 Loraine Park Learning and Impact Manager 40.0 0 X 121571 0 15584 Sarah Belnick Sr Dir, Program Management 40.0 0 X 143596 0 28339 Gregory A Van Guilder Former CFO not paid by Foundation; current CIO, ECMC Group 0.0 40.0 X 0 1072370 96552 I King Jordan Former Director not paid by Foundation 0.0 0.0 X 0 30000 0 John F DePodesta Former Board Chair not paid by Foundation 0.0 0.0 X 0 100000 0 Roberta Cooper Ramo Former Director not paid by Foundation 0.0 0.0 X 0 75000 0 1600884 4738165 742730 7 true true false Education Northwest 101 SW Main St Portland OR 97204 Consulting Services 176858 Kimberly Lovett 48 Yale St Maplewood NJ 07040 Consulting Services 100818 2 47069000 47069000 0 0 0 0 0 98782 98782 0 0 0 215660 0 -215660 -215660 -215660 A grant awarded in a prior year and partially cancelled in 2020 813211 49748 49748 Intercompany Servicing Revenue 900099 1681 1681 0 0 0 0 51429 47003551 49748 0 -115197 51544257 51544257 1067524 1067524 2188321 2068434 119887 98828 93414 5414 195612 184895 10717 148722 140574 8148 83038 83038 41025 41025 36165 36165 675894 0 675894 0 190198 148447 41751 120842 94316 26526 290109 226426 63683 47570 47570 49610 38720 10890 121388 94742 26646 39868 39868 Miscellaneous Expense 6503 6503 0 0 0 0 56945474 54634225 2311249 0 23709235 11341592 4891 0 0 0 0 72831 6196 510229 310040 284867 200189 691875570 811847040 2850000 5176372 0 0 718792503 828576280 664075 509302 25452329 25514873 0 0 402196 224168 26518600 26248343 X 692273903 802327937 692273903 802327937 718792503 828576280 -9941923 119995957 0 X false true X true X X 2 Educational Credit Management Corporation 411778617 9 true 53945474 0 ECMC Education Inc 472237488 2 true 3000000 0 2 56945474 0 true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 417350 289916 127434 92879 20124 72755 200189 Investment in ECMC Group, Inc. Apportioned Investment Pool 811847040 F 811847040 Due To ECMC Group, Inc. 26796 Due To Educational Credit Management Corporation 461 Due to ECMC Shared Services Company, LLC 138661 Due to ECMC Education, Inc. -1215 Lease Liabilities 59465 224168 X 119894000 119995957 -343 119995614 -101614 47105165 47105165 47003551 47338000 691 691 47337309 9608165 9608165 56945474 Schedule D, Part XI, Line 2(a) Net unrealized gain on investments Net unrealized gain on investment in the ECMC Group, Inc. apportioned investment pool are $119,995,957. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The 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 990 Rounding 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 statements Investment 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 990 Rounding 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 statements Investment Management Fee - 36165 Distribution to ECMC Group, Inc. - 9572000 true ECMC Group Inc 111 Washington Ave So Minneapolis MN 55401 411991995 501(C)(3) 9572000 Operational Support ECMC Education Inc 111 Washington Ave So Minneapolis MN 55401 472237488 501(C)(3) 3000000 Program Support Educational Credit Management Corporation 111 Washington Ave So Minneapolis MN 55401 411778617 501(C)(3) 500000 College Success 10000 Degrees 1650 Los Gamos Dr San Rafael CA 94903 953667812 501(C)(3) 10000 General Support AchieveMpls 2829 University Ave SE Minneapolis MN 55414 411425264 501(C)(3) 10000 General Support Active Minds 2001 S St NW Washington DC 20009 200587172 501(C)(3) 65000 General Support Adopt-A-Classroom Inc 401 Second Ave N Minneapolis MN 55401 650828272 501(C)(3) 30000 General Support Albuquerque Academy 6400 Wyoming Blvd NE Albuquerque NM 87109 850129165 501(C)(3) 10000 General Support Alliance for Children's Rights 3333 Wilshire Blvd Los Angeles CA 90010 954358213 501(C)(3) 25000 General Support AMAZE 1380 Energy Ln St Paul MN 55108 411972162 501(C)(3) 20000 General Support American Association of Community Colleges One Dupont Cir NW Washington DC 20036 530196569 501(C)(3) 750000 College Success American Council on Education One DuPont Cir NW Washington DC 20036 530196573 501(C)(3) 448773 Program Support American Indian College Fund 8333 Greenwood Blvd Denver CO 80221 521573446 501(C)(3) 500000 Career Readiness American Institutes for Research 1000 Thomas Jefferson St NW Washington DC 20007 250965219 501(C)(3) 53370 Career Readiness Antelope Valley Union High School District 44811 Noth Sierra Hwy Lancaster CA 93534 956000127 School District 10000 General Support APIA Scholars 2025 M St NW Washington DC 20036 571192973 501(C)(3) 25000 College Success Arizona State University Foundation 300 East University Dr Tempe AZ 85281 866051042 501(C)(3) 1108500 College Success & General Support Asia Society 725 Park Ave New York NY 10021 133234632 501(C)(3) 890000 Career Readiness Asian Pacific Community Fund 1145 Wilshire Blvd Los Angeles CA 90017 954257997 501(C)(3) 10000 General Support Aspen Institute 2300 N St NW Washington DC 20037 840399006 501(C)(3) 600000 Career Readiness Atascadero Unified School District 5601 West Mall Atascadero CA 93422 770059035 School District 10000 General Support Believe in Students 1755 N 13th St Philadelphia PA 19122 813612875 501(C)(3) 500000 Program Support BestPrep 7100 Northland Cir N Minneapolis MN 55428 411265355 501(C)(3) 20000 General Support Big Brothers Big Sisters of Greater Los Angeles 3150 N San Fernando Rd Los Angeles CA 90065 951904857 501(C)(3) 20000 General Support Bipartisan Policy Center 1225 Eye St NW Washington DC 20005 731628382 501(C)(3) 25000 General Support Bottom Line 50 Milk St Boston MA 02109 043351427 501(C)(3) 10000 General Support Boy With a Ball PO Box 748 Buford GA 30515 742994124 501(C)(3) 10000 General Support Breakthrough Twin Cities 2051 Larpenteur Ave E St Paul MN 55109 453587267 501(C)(3) 20000 General Support Business-Higher Education Forum 2025 M St NW Washington DC 20036 341986692 501(C)(3) 341000 Career Readiness Butte Community College Foundation 3536 Butte Campus Dr Oroville CA 95965 943153995 501(C)(3) 7500 Program Support Cal Poly Pomona Philanthropic Foundation 3801 West Temple Ave Pomona CA 91768 832300241 501(C)(3) 10000 General Support California Community Foundation 221 S Figueroa St Los Angeles CA 90012 953510055 501(C)(3) 40000 College Success & General Support California State University East Bay Foundation Inc 25800 Carlos Bee Blvd Hayward CA 94542 941524922 501(C)(3) 500000 College Success California State University Long Beach 49er Foundation 6300 E State University Dr Long Beach CA 90815 452163910 501(C)(3) 10000 General Support Camp Odayin 3503 High Point Dr N Oakdale MN 55128 412014358 501(C)(3) 20000 General Support Capital IDEA Houston 2101 Crawford St Houston TX 77002 472462360 501(C)(3) 10000 General Support Career Gear Houston 7500 Bellaire Blvd Houston TX 77036 200383035 501(C)(3) 20000 General Support CCF Community Initiatives Fund 221 S Figueroa St Los Angeles CA 90012 954774698 501(C)(3) 50000 College Success Cedar Lane High School PTSA 101 Cedar Lane SW Vienna VA 22180 270508251 501(C)(3) 10000 General Support Center for Community Health and Well Being 1900 T St Sacramento CA 95818 680248303 501(C)(3) 10000 General Support Center for Law and Social Policy 1310 L St NW Washington DC 20005 237000150 501(C)(3) 10000 General Support Centreville Layton School 6201 Kennett Pike Centreville DE 19807 510232858 501(C)(3) 10000 General Support City Year 2331 Alhambra Blvd Sacramento CA 95817 222882549 501(C)(3) 4955775 Program Support & General Support Claremont Graduate University 150 E 10th St Claremont CA 91711 951664100 501(C)(3) 10000 General Support College Possible 540 Fairview Ave N St Paul MN 55104 411968798 501(C)(3) 700000 College Success College Success Foundation 15500 SE 30th Place Bellevue WA 98007 912036088 501(C)(3) 10000 General Support College Track 112 Linden St Oakland CA 94607 943279613 501(C)(3) 25000 General Support Colorado Center on Law and Policy 789 Sherman St Denver CO 80203 841264154 501(C)(3) 75000 Career Readiness Community College of Baltimore County Foundation 7200 Sollers Point Rd Dundalk MD 21222 203246676 501(C)(3) 7500 General Support Community Foundation of the Ozarks 425 E Trafficway St Springfield MO 65806 237290968 501(C)(3) 100000 College Success Community Initiatives 1000 Broadway Oakland CA 94607 943255070 501(C)(3) 75000 College Success Community Partners 1000 N Alameda St Los Angeles CA 90012 954302067 501(C)(3) 355000 College Success & General Support Corners Outreach 2 Sun Court Peachtree Corners GA 30092 455613973 501(C)(3) 25000 General Support Coro Southern California 1000 N Alameda St Los Angeles CA 90012 954274561 501(C)(3) 30000 General Support Credential Engine Inc 2021 L St NW Washington DC 20036 813389623 501(C)(3) 438883 Career Readiness Cristo Rey Jesuit High School MN 2924 4th Ave S Minneapolis MN 55408 204548714 501(C)(3) 31000 General Support Crohns & Colitis Foundation 2277 Hwy 36 W Roseville MN 55113 136193105 501(C)(3) 20000 General Support Davidson College 405 N Main St Davidson NC 28035 560529961 501(C)(3) 75000 General Support DeLaSalle High School 1 DeLaSalle Dr Minneapolis MN 55401 410705834 501(C)(3) 20000 General Support Denver Education Attainment Network 789 Sherman St Denver CO 80203 841493585 501(C)(3) 10000 General Support Downtown Women's Center 442 S San Pedro St Los Angeles CA 90013 311597223 501(C)(3) 10000 General Support Dress for Success Houston 3310 Eastside St Houston TX 77098 760579697 501(C)(3) 20000 General Support East Side Neighborhood Services 1700 2nd St NE Minneapolis MN 55413 410873798 501(C)(3) 30000 General Support Education Commission of the States 700 Broadway St Denver CO 80203 310722194 501(C)(3) 239250 College Success Evans Scholars Foundation 2501 Patriot Blvd Glenview IL 60026 362867141 501(C)(3) 10000 General Support Excelencia in Education 1156 15th St NW Washington DC 20005 200927912 501(C)(3) 10000 General Support Excellent Education Development 11858 La Grange Ave Los Angeles CA 90025 954766001 501(C)(3) 25000 General Support Food & Friends Inc 219 Riggs Rd NE Washington DC 20011 521648941 501(C)(3) 10000 General Support Fostering Media Connections 412 W 6th Los Angeles CA 90014 453860344 501(C)(3) 70000 Program Support Foundation for California Community Colleges 1102 Q St Sacramento CA 95811 680412350 501(C)(3) 320000 Career Readiness & General Support Four Paws to Freedom 2376 Zinfandel Dr Rancho Cordova CA 95670 471318087 501(C)(3) 20000 General Support Friends of South High Foundation 3131 19th Ave S Minneapolis MN 55407 411506266 501(C)(3) 50000 General Support From the Heart International Education Services (FTH) 8120 Sawyer Brown Rd Nashville TN 37221 463268712 501(C)(3) 10000 General Support Future Focused Education FatPipe Co-working Space 200 Broadway Blvd NE Albuquerque NM 87102 473717716 501(C)(3) 400000 Career Readiness Generation Hope 415 Michigan Ave NE Washington DC 20017 273554088 501(C)(3) 85000 Career Readiness & General Support Georgia Center for Opportunity (GCO) 333 Research Court Peachtree Corners GA 30092 581928520 501(C)(3) 20000 General Support Georgia Partnership for Excellence in Education Inc 270 Peachtree St NW Atlanta GA 30303 581974586 501(C)(3) 10000 General Support Grand Rapids Community College Foundation 142 Bostwick Ave Grand Rapids MI 49503 386100380 501(C)(3) 10000 General Support Great River School 1326 Energy Park Dr St Paul MN 55108 341975307 501(C)(3) 15000 General Support Greater New Orleans Development Foundation 1100 Poydras St New Orleans LA 70163 721177207 501(C)(3) 75000 Education Innovation Ventures Green Dot Public Schools 1149 South Hill St Los Angeles CA 90015 954679811 501(C)(3) 15000 General Support Guilford College 5800 West Friendly Ave Greensboro NC 27410 560529982 501(C)(3) 50000 General Support Hallie Q Brown Community Center 270 N Kent St St Paul MN 55102 410693846 501(C)(3) 50000 General Support HealGrief 2934 Beverly Glen Cir Los Angeles CA 90077 954489570 501(C)(3) 25000 General Support Healing Women of Atlanta Inc 943 Sundew Dr SE Conyers GA 30013 462626164 501(C)(3) 20000 General Support Heart of Los Angeles 2701 Wilshire Blvd Los Angeles CA 90057 954397418 501(C)(3) 25000 General Support Hillsdale College 33 E College St Hillsdale MI 49242 381374230 501(C)(3) 10000 General Support HOPE 4 Youth 2191 Northdale Blvd NW Coon Rapids MN 55433 461626500 501(C)(3) 20000 General Support Hope Children's Home 11415 Hope International Dr Tampa FL 33625 620879012 501(C)(3) 20000 General Support Houston Area Urban League 1301 Texas Houston TX 77002 741611455 501(C)(3) 10000 General Support iCivics 1035 Cambridge St Cambridge MA 02141 383796793 501(C)(3) 50000 General Support Ilisagvik College 100 Stevenson St Barrow AK 99732 920158414 501(C)(3) 10000 General Support iMentor 30 Broad St New York NY 10004 300105507 501(C)(3) 750000 College Success Indiana University Foundation 1500 State Rd 46 Bloomington IN 47408 356018940 501(C)(3) 10000 General Support Inside Track Inc 121 SW Salmon St Portland OR 97204 843640492 501(C)(3) 250000 College Success Institute for Educational Leadership 4301 Connecticut Ave NW Washington DC 20008 521198450 501(C)(3) 10000 General Support Institute for Higher Education Policy 1825 K St NW Washington DC 20006 521818907 501(C)(3) 1500000 College Success International Documentary Foundation 3600 Wilshire Blvd Los Angeles CA 90010 953911227 501(C)(3) 10000 General Support ISD 196 - Rosemount High School 3455 153rd St W Rosemount MN 55068 416007792 School 10000 Program Support Jeremiah Program 615 1st Ave NE Minneapolis MN 55413 411801834 501(C)(3) 440000 Career Readiness, Program Support & General Support Jobs for the Future 88 Broad St Boston MA 02110 061164568 501(C)(3) 1500000 Program Support John Burton Advocates for Youth 235 Montgomery St San Francisco CA 94104 812600695 501(C)(3) 10000 General Support John Jay College Foundation 524 W 59th St New York NY 10019 133683676 501(C)(3) 645500 College Success & General Support John N Gardner Institute for Excellence in Undergraduate Education 123 E Main St Brevard NC 28712 260166817 501(C)(3) 85000 College Success & General Support Jordan Elementary School 815 Sunset Dr Jordan MN 55352 416003790 School 10000 General Support Junior Achievement of the Upper Midwest Inc 1745 University Ave W St Paul MN 55104 411424988 501(C)(3) 20000 General Support Just-A-Start Corporation 1035 Cambridge St Cambridge MA 02141 237121174 501(C)(3) 10000 General Support Kennett Area Community Services 136 W Cedar St Kennett Square PA 19348 232215441 501(C)(3) 10000 General Support KIPP Metro Atlanta Schools 1445 Maynard Rd NW Atlanta GA 30331 113723114 501(C)(3) 25000 General Support KIPP Minnesota 5034 North Oliver Ave Minneapolis MN 55430 208877750 501(C)(3) 40000 General Support KIPP SoCal Public Schools 3601 E First St Los Angeles CA 90063 261607268 501(C)(3) 25000 General Support Lassen College Foundation 30 S Roop St Susanville CA 96130 942450784 501(C)(3) 7500 General Support Latino Network 410 NE 18th Ave Portland OR 97232 731675402 501(C)(3) 7500 General Support LIFT 999 N Capitol St NE Washington DC 20002 522168409 501(C)(3) 10000 General Support Literacy Matters Foundation 1005 W Franklin Ave Minneapolis MN 55405 812943386 501(C)(3) 7500 General Support Loaves & Fishes TOO 721 Kasota Ave SE Minneapolis MN 55414 411421522 501(C)(3) 10000 General Support Los Angeles Conservation Corps 1400 North Spring St Los Angeles CA 90012 954002138 501(C)(3) 10000 General Support Los Angeles Room & Board 106 N 3rd St Alhambra CA 91801 833172348 501(C)(3) 20000 General Support Los Angeles Valley College Foundation 5800 Fulton Ave Valley Glen CA 91401 237349231 501(C)(3) 149900 Career Readiness Loyola Marymount University 1 LMU Dr Los Angeles CA 90045 951643334 501(C)(3) 25000 General Support MacPhail Center for Music 501 So 2nd St Minneapolis MN 55401 411729340 501(C)(3) 10000 General Support Management Leadership for Tomorrow 7201 Wisconsin Ave Bethesda MD 20814 521795164 501(C)(3) 75000 General Support Mary's Center for Maternal and Child Care Inc 2333 Ontario Rd NW Washington DC 20009 521594116 501(C)(3) 30000 General Support MDRC 200 Vesey St New York NY 10281 237379473 501(C)(3) 220000 College Success Merit America 712 H St NE Washington DC 20002 842108762 501(C)(3) 10000 General Support Mi Casa Resource Center 345 S Grove St Denver CO 80219 840867773 501(C)(3) 150000 Career Readiness Minnesota Education Equity Partnership (MnEEP) 2233 University Ave W St Paul MN 55114 411699505 501(C)(3) 7500 General Support Minnesota Music Coalition 75 5th St E St Paul MN 55102 273733911 501(C)(3) 10000 General Support Mission Asset Fund 3269 Mission St San Francisco CA 94110 208993652 501(C)(3) 500000 Program Support Mn Adult & Teen Challenge 740 E 24th St Minneapolis MN 55404 411517351 501(C)(3) 20000 General Support NAMI Minnesota (National Alliance on Mental Illness) 1919 University Ave W Minneapolis MN 55104 411317030 501(C)(3) 20000 General Support National Academy of Sciences 500 Fifth St NW Washington DC 20001 530196932 501(C)(3) 149999 College Success National Alliance for Partnerships in Equity (NAPE) Education Foundation 91 Newport Pike Gap PA 17527 134249100 501(C)(3) 160000 Career Readiness & General Support National Association of Student Financial Aid Administrators (NASFAA) 1801 Pennsylvania Ave NW Washington DC 20006 830211970 501(C)(3) 115000 College Success National League of Cities Institute 660 North Capitol St NW Washington DC 20001 526055762 501(C)(3) 710000 College Success & General Support National Public Radio 1111 N Capitol St NE Washington DC 20002 520907625 501(C)(3) 260000 General Support National Skills Coalition 1250 Connecticut Ave NW Washington DC 20036 300075580 501(C)(3) 500000 Career Readiness National Student Clearinghouse Research Center 2300 Dulles Station Blvd Herndon VA 20171 271255674 501(C)(3) 164566 College Success Nevada System of Higher Education 2601 Enterprise Rd Reno NV 89512 886000024 School 750000 College Success New America 740 15th St NW Washington DC 20005 522096845 501(C)(3) 150000 Career Readiness North Branch Area Education Foundation 5842 Old Main St North Branch MN 55056 272029579 501(C)(3) 10000 General Support North Carolina State University 2701 Sullivan Dr Ste 240 Raleigh NC 27695 566000756 School 10000 General Support Northern Nevada Literacy Council 1400 Wedekind Rd Reno NV 89512 880208520 501(C)(3) 20000 General Support Northern New Mexico College Foundation 921 N Paseo De Onate Espaola NM 87532 742835828 501(C)(3) 10000 General Support Northern Virginia Community College Educational Foundation 4001 Wakefield Chapel Rd Annandale VA 22003 510249730 501(C)(3) 25000 General Support Northland Workforce Training Center 683 Northland Ave Buffalo NY 14211 223781639 501(C)(3) 402875 Career Readiness Northside Achievement Zone 2123 West Broadway Ave Minneapolis MN 55411 300238807 501(C)(3) 25000 General Support Notre Dame High School of West Haven Inc One Notre Dame Way West Haven CT 06516 060646748 501(C)(3) 25000 General Support Old Dominion University Educational Foundation 4417 Monarch Way Norfolk VA 23529 546052014 501(C)(3) 10000 General Support Open Syllabus 306 W 100th St New York NY 10025 843255967 501(C)(3) 400000 College Success Operation Restoration 1450 Poydras St New Orleans LA 70112 611791941 501(C)(3) 160000 Career Readiness & General Support Orono Schools ISD #278 685 Old Crystal Bay Rd N Long Lake MN 55356 416001403 School 25000 General Support Page Education Foundation 901 N 3rd St Minneapolis MN 55401 363605013 501(C)(3) 15000 General Support Partners for College Affordability & Public Trust 1629 K St NW Washington DC 20006 472533655 501(C)(3) 150000 College Success Paul Quinn College 3837 Simpson Stuart Rd Dallas TX 75241 741238438 501(C)(3) 80000 General Support PeerForward 1140 3rd St NE Washington DC 20002 522007028 501(C)(3) 450000 College Success Pennsylvanias State System of Higher Education 2986 N 2nd St Harrisburg PA 17110 232250505 501(C)(3) 300000 Program Support People Serving People 614 Third St So Minneapolis MN 55415 411965067 501(C)(3) 20000 General Support Pillsbury United Communities 125 W Broadway Ave Minneapolis MN 55411 410916478 501(C)(3) 25000 General Support Posse Foundation 515 South Figueroa St Los Angeles CA 90071 133840394 501(C)(3) 10000 General Support Project GRAD Houston 3100 Main St Houston TX 77002 760450397 501(C)(3) 10000 General Support Project Self Sufficiency 307 Placentia Ave Newport Beach CA 92663 222727412 501(C)(3) 10000 General Support Proyecto Pastoral on behalf of Promesa Boyle Heights 135 N Mission Rd Los Angeles CA 90033 953213958 501(C)(3) 25000 General Support Public Policy Institute of California 500 Washington St San Francisco CA 94111 943207299 501(C)(3) 10000 General Support RAND Corporation 1776 Main St Santa Monica CA 90401 951958142 501(C)(3) 50000 College Success Reading Partners Twin Cities 2324 University Ave W St Paul MN 55114 770568469 501(C)(3) 10000 General Support Redondo Beach Unified School District 1401 Inglewood Ave Redondo Beach CA 90278 956002528 School District 10000 General Support REID Institute 14019 Southwest Freeway Sugarland TX 77478 471344232 501(C)(3) 10000 General Support Research Foundation of the City University of New York 230 West 41st St New York NY 10036 131988190 501(C)(3) 20000 General Support Rise Education Fund 4221 Grand View Blvd Los Angeles CA 90066 843954465 501(C)(3) 95000 College Success Rockefeller Philanthropy Advisors 6 W 48th St New York NY 10036 133615533 501(C)(3) 75000 College Success Roots of Recovery PO Box 1479 Hampstead NC 28443 812909744 501(C)(3) 10000 General Support Roseville Joint Union High School District 1750 Cirby Way Roseville CA 95661 946002478 School District 10000 General Support Rutgers University Foundation 335 George St New Brunswick NJ 08901 237318742 501(C)(3) 7500 General Support Sacramento Loaves and Fishes PO Box 13495 Sacramento CA 95813 680189897 501(C)(3) 30000 General Support Saint Charles Borromeo School 2727 Stinson Blvd Saint Anthony MN 55418 410706912 501(C)(3) 10000 General Support Sanford School 6900 Lancaster Pike Hockessin DE 19707 510064331 501(C)(3) 10000 General Support Santa Fe Opera 301 Opera Dr Santa Fe NM 87506 850131810 501(C)(3) 10000 General Support School District of New Richmond 967 Starr Ave Stillwater WI 54017 396003673 School District 10000 General Support Scripps College 1030 Columbia Ave Claremont CA 91711 951664123 501(C)(3) 10000 General Support SeaChange Capital Partners 1385 Broadway New York NY 10018 205124665 501(C)(3) 1555000 Program Support Seattle Jobs Initiative 1200 12th Ave So Seattle WA 98144 470900181 501(C)(3) 10000 General Support Simi Valley Education Foundation PO Box 1439 Simi Valley CA 93062 770299495 501(C)(3) 10000 General Support Sinclair Community College 444 W Third St Dayton OH 45402 310723444 501(C)(3) 10000 General Support Skills for Chicagoland's Future 191 N Wacker Dr Chicago IL 60606 451287418 501(C)(3) 10000 General Support Social Justice Learning Institute 600 Centinela Ave Inglewood CA 90302 263413373 501(C)(3) 10000 General Support Southern California Grantmakers 1000 North Alameda St Los Angeles CA 90012 952831058 501(C)(3) 25000 General Support Southern Scholarship Foundation 322 Stadium Dr Tallahassee FL 32304 590939481 501(C)(3) 10000 General Support St Coletta of Wisconsin Inc n4637 County Rd Y Jefferson WI 53549 390816855 501(C)(3) 20000 General Support St Croix Preparatory Academy 4260 Stagecoach Trail N Stillwater MN 55082 900103622 501(C)(3) 10000 General Support St Croix Valley Restorative Svcs & Friends of Joshua House Fnd Inc 215 N 2nd St Ste 108 River Falls WI 54022 300133750 501(C)(3) 10000 General Support State Higher Education Executive Officers Association 3035 Center Green Dr Boulder CO 80301 237167258 501(C)(3) 1499960 College Success Step Up for Students 1901 Ulmerton Rd Clearwater FL 33762 593649371 501(C)(3) 12500 General Support Summit Academy OIC 935 Olson Memorial Hwy Minneapolis MN 55405 410908458 501(C)(3) 15000 General Support SW New Mexico Work Based Learning Consortium 1422 Highway 180 E Silver City NM 88061 812440799 501(C)(3) 15000 College Success Swipe Out Hunger 800 Wilshire Blvd Los Angeles CA 90017 452038035 501(C)(3) 50000 Program Support Teacher's College Columbia University 525 West 120th St Box 21 New York City NY 10027 131624202 501(C)(3) 175000 Career Readiness & General Support The Campaign for College Opportunity 1149 S Hill St Los Angeles CA 90015 200427622 501(C)(3) 15000 General Support The Center for Occupational Research and Development (CORD) 4901 Bosque Blvd Waco TX 76710 742077794 501(C)(3) 10000 General Support The City University of New York 205 East 42nd St New York NY 10017 133893536 School 50000 General Support The College Crusade of Rhode Island 134 Thurbers Ave Providence RI 02905 223031765 501(C)(3) 10000 General Support The Common App Inc 3003 Washington Blvd Arlington VA 22201 912170737 501(C)(3) 500000 College Success The Community Foundation for Northern Virginia 2940 Hunter Mill Rd Oakton VA 22124 510232459 501(C)(3) 50000 General Support The Foundation for Maines Community Colleges 54 Lighthouse Cir South Portland ME 04106 271363414 501(C)(3) 10000 General Support The Hidden Genius Project 2934 Telegraph Ave Oakland CA 94609 460689949 501(C)(3) 15000 General Support The Partnership Plan 1875 Greeley St So Stillwater MN 55082 203012418 501(C)(3) 10000 General Support The Reisman Institute 1971 University Blvd Lynchburg VA 24515 811856403 501(C)(3) 30000 General Support The Steve Fund PO Box 9070 Providence RI 02940 474730275 501(C)(3) 350000 College Success The Tennessee Higher Education Initiative 1006 Shelby Ave Nashville TN 37206 454531767 501(C)(3) 10000 General Support The UCLA Foundation UCLA External Affairs Box 951590 Wilshire Center Los Angeles CA 90095 952250801 501(C)(3) 80000 Program Support & General Support The Unusual Suspects Theatre Company 3719 Verdugo Rd Los Angeles CA 90065 954661312 501(C)(3) 15000 General Support The Vera Institute of Justice 34 35th St Brooklyn NY 11232 131941627 501(C)(3) 50000 Career Readiness The Village Method 33170 Alvarado-Niles Rd Union City CA 94587 472180493 501(C)(3) 7500 General Support The Youth Mentoring Action Network PO Box 1633 Claremont CA 91711 274560912 501(C)(3) 35000 College Success & General Support Think New Mexico 1227 Paseo del Peralta Santa Fe NM 87501 311611995 501(C)(3) 15000 General Support ThinkSelf 2375 University Ave W St Paul MN 55114 813668773 501(C)(3) 20000 General Support Third Sector Capital Partners Inc 225 Franklin St Boston MA 02110 461301032 501(C)(3) 500000 College Success Thurgood Marshall College Fund 901 F St NW Washington DC 20004 411750692 501(C)(3) 270000 College Success Triton College 2000 Fifth Ave River Grove IL 60171 363089812 501(C)(3) 10000 General Support Twin Cities Catalyst Music 75 Civic Center Pkwy Burnsville MN 55337 472182792 501(C)(3) 20000 General Support uAspire 31 Milk St Boston MA 02109 461314848 501(C)(3) 10000 General Support Umpqua Community College Foundation 1140 Umpqua College Rd Roseburg OR 97470 237287018 501(C)(3) 7500 General Support United Way of King County 720 Second Ave Seattle WA 98104 910565555 501(C)(3) 10000 General Support University of Alaska Fnd & Alaska Native Sci & Engr Program 1815 Bragaw St Anchorage AK 99508 237394620 501(C)(3) 60000 General Support University of Hawaii Foundation 2444 Dole St Bachman Hall 105 Honolulu HI 96822 990085260 501(C)(3) 10000 General Support University of New Mexico Foundation 1 University of New Mexico Albuquerque NM 87131 850275408 501(C)(3) 25000 General Support University of North Carolina Finance Admin CSLD Bldg 140 Friday Center Dr Chapel Hill NC 27517 566001393 School 10000 General Support University of Southern California Pullias Center for Higher Education 3470 Trousdale Pkwy Waite Phillips Hall Los Angeles CA 90089 951642394 501(C)(3) 9350 General Support Urban Institute 500 LEnfant Plaza Washington DC 20024 520880375 501(C)(3) 2500000 Career Readiness Urban Ventures Leadership Foundation 2924 4th Ave So Minneapolis MN 55408 363558710 501(C)(3) 250000 Program Support & General Support Virginia Center for Inclusive Communities 5511 Staples Mill Rd Richmond VA 23228 203188273 501(C)(3) 7500 General Support Virginia Commonwealth University Foundation PO Box 842039 Richmond VA 23284 540757884 501(C)(3) 10000 General Support Virginia Foundation for Community College Education 300 Arboretum Pl Richmond VA 23236 237004354 501(C)(3) 10000 General Support Wallin Education Partners 5200 Willson Rd Minneapolis MN 55424 208505156 501(C)(3) 30000 General Support Wausau School Foundation 415 Seymour St Wausau WI 54403 200287482 501(C)(3) 10000 General Support We are TR Foundation 3222 Winona Way North Highlands CA 95660 471055946 501(C)(3) 10000 General Support We Can Ride 4301 County Rd 24 Medina MN 55359 411433903 501(C)(3) 20000 General Support WestEd 730 Harrison St San Francisco CA 94107 943233542 501(C)(3) 300000 College Success Western Interstate Commission for Higher Education 3035 Center Green Dr Boulder CO 80301 846008945 501(C)(3) 500000 College Success Williamson College of the Trades 106 S New Middletown Rd Media PA 19063 231352691 501(C)(3) 433400 Program Support Women Employed 65 E Wacker Place Chicago IL 60601 362969526 501(C)(3) 492000 Career Readiness Women's Foundation of Southern Arizona 1661 N Swan Rd Tucson AZ 85712 311660702 501(C)(3) 760000 Career Readiness & General Support WomenVenture 2021 East Hennepin Ave Minneapolis MN 55413 411463426 501(C)(3) 25000 General Support Woodson Center 1625 K St NW Washington DC 20006 521217891 501(C)(3) 25000 General Support World Education Inc 44 Farnsworth St Boston MA 02210 131804349 501(C)(3) 10000 General Support YMCA of the Greater Twin Cities 1801 University Ave SE Minneapolis MN 55414 452563299 501(C)(3) 15000 General Support 246 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Helping low-income students pursue higher education is core to ECMC Foundation's mission. ECMC Foundation closely monitors the use of the cash grants to ECMC Education, Inc. through reports to management and the Board of Directors on a regular basis. The remaining grants and assistance to the organizations listed in Part II further ECMC Foundation's mission and program evaluations are part of all grant projects funded. X true true X X X X false true false false true false true false false Peter J Taylor President & Director, ECMC Foundation 390303 0 80000 0 102852 0 127391 0 14632 0 715178 0 90690 0 Roberta Cooper Ramo Former Director not paid by Foundation 0 75000 0 0 0 0 0 0 0 0 0 75000 0 0 John F DePodesta Former Board Chair not paid by Foundation 0 100000 0 0 0 0 0 0 0 0 0 100000 0 0 I King Jordan Former Director not paid by Foundation 0 30000 0 0 0 0 0 0 0 0 0 30000 0 0 Julia S Gouw Director not paid by Foundation 0 157500 0 0 0 0 0 0 0 0 0 157500 0 0 James V McKeon Board Chair not paid by Foundation 0 191250 0 0 0 0 0 0 0 0 0 191250 0 0 Maurice M Salter Director not paid by Foundation 0 152500 0 0 0 0 0 0 0 0 0 152500 0 0 Jeremy J Wheaton President & CEO, ECMC Group, Inc. 0 542193 0 572655 0 22058 0 85621 0 31462 0 1253989 0 19500 Gregory A Van Guilder Former CFO not paid by Foundation; current CIO, ECMC Group 0 659911 0 331875 0 80584 0 80180 0 16372 0 1168922 0 19500 Lynn Alvarez VP, Foundation Programs and Strategy 296556 0 0 0 3856 0 38060 0 13874 0 352346 0 0 0 Daniel S Fisher Group General Counsel & Corp Sec not paid by Foundation; ECMC President (effective 07-01-20) 0 388184 0 277324 0 22464 0 60469 0 34790 0 783231 0 19500 Martin A Scanlon CFO & Treasurer not paid by Foundation 0 365233 0 299798 0 21511 0 58750 0 31767 0 777059 0 17700 Sarah Belnick Sr Dir, Program Management 142710 0 0 0 886 0 18712 0 9627 0 171935 0 0 0 Jessica E Haselton Dir, Program-Related Investments 151631 0 0 0 1516 0 18240 0 32663 0 204050 0 0 0 Jennifer E Zeisler Sr Dir, Program Management 157229 0 0 0 6332 0 20630 0 10182 0 194373 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Certain taxable benefits are grossed up to make the employee whole; this has been approved by the Board of Directors. Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation As noted in Part VII of Form 990 and Schedule J, Part II, the only Executive Officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other Executive Officers' compensation was paid by related organizations. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan ECMC Group, Inc. maintains a supplemental nonqualified retirement plan described in section 457(f), and a Supplemental Employee Retirement Plan (SERP), to attract and retain employees, typically in management positions. In 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 organization As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated primary financial goals, which includes revenues, before any payment to any officer is made. Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated performance metrics, which includes net earnings before any payment to any officer is made. 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 Policy The ECMC Group, Inc. whistleblower policy requires directors, officers and employees to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. Employees and representatives of the Corporation are 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 persons Mr. McKeon and Mr. Salter - Business relationship, Ms. Gouw and Mr. Taylor - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders ECMC Foundation has one member. The member is ECMC Group, Inc. a Delaware, non-stock, nonprofit corporation exempt under section 501(c)(3). There are no stockholders. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ECMC Group, Inc. has the right to elect and/or approve all the directors of the ECMC Foundation Board of Directors. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ECMC Group, Inc., the sole member of ECMC Foundation, retains the following authority over ECMC Foundation: 1. To authorize amendments to the Articles of Incorporation and Bylaws. 2. To approve the strategic and financial plans. 3. To elect and/or approve the members of the Board of Directors. 4. To oversee coordination of programs and services offered. 5. To authorize formation, governance and dissolution. Form 990, Part VI, Line 11b Review of form 990 by governing body All members of the Board of Directors and executive management are provided a copy of Form 990 to review and provide comments prior to filing. All members of the Board of Directors and executive management are provided with a copy of the final version of Form 990 before it has been filed. Form 990, Part VI, Line 12c Conflict of interest policy Officers, directors and all employees are required to reaffirm on an annual basis their understanding of the company's Conflict of Interest Policy. The affirmation specifically references that the individual will comply with the directives of the Conflict of Interest Policy. Officers, Directors and key employees are also required to complete an annual Form 990 relationship disclosure document to identify any potential conflicts of interest. Finally, the company's vendor procurement process includes questions of business unit contract owners to determine if any conflicts of interest may exist. Monitoring and enforcement of the policy are accomplished through the policy reaffirmation process, affirmative disclosure requests and the policy requirement that all conflicts of interest be reported. In cases where a potential conflict exists at the officer and key employee levels, the issue is disclosed to the 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 official As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 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 employees As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 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 public The 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' Compensation ECMC Foundation Directors do not receive compensation for their service associated with ECMC Foundation, but do receive compensation for their service provided to related organizations---ECMC and ECMC Group, Inc. With the exception of the President, Peter J. Taylor, the executive officers of ECMC Foundation do not receive compensation for their service associated with ECMC Foundation, but do receive compensation for their service provided to related organizations---ECMC and ECMC Group, Inc. John F. DePodesta, Roberta Cooper Ramo and I. King Jordan, former Directors, had consulting agreements in 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 Securities Investments-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 investments Net unrealized gain on investment in the ECMC Group, Inc. Apportioned Investment Pool are $119,995,957. Educational Credit Management Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411778617 Guarantor MN 501(c)(3) 10 ECMC Group Inc false ECMC Group Inc 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411991995 Education Finance DE 501(c)(3) Type II NA false ECMC Education Inc 111 Washington Ave So Ste 1400 Minneapolis MN 55401 472237488 Career Colleges DE 501(c)(3) 2 ECMC Group Inc false ECMC Revenue Management Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 831761663 Student Loan Default Resolution DE 501(c)(3) 10 Educational Credit Management Corporation false ECMC Services Inc 111 Washington Ave So Ste 1400 Minneapolis MN 55401 831763915 Student Loan Repayment Services DE 501(c)(3) 10 Educational Credit Management Corporation false ATX A-Team The Guild LP 500 W Second St Ste 1900 153 Austin TX 78701 843490066 Investments TX NA N/A false false ATX A-Team Zenbusiness LP 500 W Second St Ste 1900 153 Austin TX 78701 853438448 Investments TX NA N/A false false Blackhorn Select LP 1800 Wazee St Ste 300 Denver CO 80202 844370139 Investments DE NA N/A false false BST 052 a series of SAX Capital Series Fund III LP PO Box 3217 Seattle WA 98114 853876811 Investments DE NA N/A false false Commonfund Capital Secondaries Opportunities Fund LP 15 Old Danbury Rd Wilton CT 06897 842082338 Investments DE NA N/A false false ECMC-UV Co-Investment Fund LP 530 7th Ave Ste 1909 New York NY 10018 813873029 Investments DE NA N/A false false First Light Prism Fund LP 3300 Edinborough Way Ste 201 Edina MN 55435 371911642 Investments DE NA N/A false false R7 Partners Growth Fund I LP 100 S Wacker Dr Ste 1675 Chicago IL 60606 851019413 Investments DE NA N/A false false OnRamp Education and Workforce Innovation Fund I LLC 821 E Washington Ave Ste 200-G Madison WI 53703 843999115 Investments DE NA N/A false false PC-1 Developers LLC 3636 Mayberry Dr Reno NV 89509 831603672 Investments NV NA N/A false false UP Fund I a series of Boost VC SPV LP PO Box 3217 Seattle WA 98114 851519551 Investments DE NA N/A false false Wilshire Institutional Master Fund II SPC - Oakdale Liquid Alternatives SP 190 Elgin Ave George Town Grand Cayman CJ KY19005 981538445 Investments CJ NA N/A false false WY Fund I a series of Boost VC SPV LP PO Box 3217 Seattle WA 98114 851519506 Investments DE NA N/A false false Oakdale Investment Management Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 352085743 Holding Investments DE ECMC Group Inc C Corporation false ECMC Holdings Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411991992 Strategic Oversight DE ECMC Group Inc C Corporation false Educational Credit Services Company 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411992001 Private Loans DE ECMC Holdings Corporation C Corporation false ECMC Records & Rec Mgmt Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989959 Document Management DE ECMC Holdings Corporation C Corporation false ECMC Management Services Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989960 Management Services DE ECMC Holdings Corporation C Corporation false ECMC Technology Services Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989958 Technology Services DE ECMC Holdings Corporation C Corporation false ECMC Servicing Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 471154366 Loan Servicing DE ECMC Holdings Corporation C Corporation false ECMC Private Market Opportunities LP 452 Fifth Ave 29th Fl New York NY 10018 842552668 Investments DE ECMC Group Inc C Corporation false Palo Alto Advanced Life Sciences Offshore Ltd c/o Walkers Cayman Corporate Center 27 Hospital Rd Georgetown Grand Cayman CJ KY19008 Investments CJ ECMC Group Inc C Corporation false false true true false false false false false false false false false false true true true false false false 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 Organizations 1(a)-Name. Oakdale Student Loan Funding, LLC (27-1914648), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 1(b)-Primary activity. Holding FFELP Loans. 1(c)-Legal domicile. DE. 1(f)-Direct controlling entity. ECMC Group, Inc. 2(a)-Name. ECMC Shared Services Company, LLC (81-0690960), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 2(b)-Primary activity. Support Services Functions. 2(c)-Legal domicile. DE. 2(f)-Direct controlling entity. ECMC Group, Inc. 3(a)-Name. Patriot Student Loan Capital, LLC (81-3501777), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 3(b)-Primary activity. Trust Student Loans. 3(c)-Legal domicile. DE. 3(f)-Direct controlling entity. ECMC Group, Inc. Schedule R, Part V, Line 1b Gift, Grant, or Capital Contribution to Related Organization(s) $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.