ECMC EDUCATION INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- ECMC EDUCATION INC (EIN 47-2237488)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-08
- IRS object ID
- 201903129349303170
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-08T16:01:12-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Baker Tilly Virchow Krause LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 S 6th St Ste 2300 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 472237488 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Zenith Education Group Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ZENI | BusinessNameControlTxt |
| Phone | 6512210566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Washington Ave So 1400 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Martin A Scanlon | PersonNm |
| Person Title | CFO & Treasurer | PersonTitleTxt |
| Signature | 2019-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Lawrence H Mohr CPA | PreparerPersonNm |
| PTIN | P00447603 | PTIN |
| Phone | 6128764500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-01-14 16:20:31Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Altierus Career College Altierus Career Education and WyoTech | BusinessNameLine1Txt |
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Todd Steele | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Washington Ave So 1400 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $175,417,441 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.zenith.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | From initial career planning and skills assessment, all the way through graduation and finding a job in a chosen field, Zenith Education Group, Inc. helps students succeed. Zenith Education Group, Inc., a nonprofit career education provider, is helping bridge our nation's skills gap and support the U.S. economy. Zenith Education Group, Inc. offers affordable, high-quality programs that are regularly updated to provide students with training for in-demand skills so students are prepared, well-trained and ready to work in fulfilling careers immediately upon graduation. Above all, Zenith Education Group, Inc. is driven to promote the long-term success of our graduates. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 1584 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $22,177 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $154,403,693 | PYContributionsGrantsAmt |
| CY Contributions Grants | $139,317,923 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $120,403,255 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $35,979,304 | CYProgramServiceRevenueAmt |
| PY Investment Income | $125,736 | PYInvestmentIncomeAmt |
| CY Investment Income | -$3,141,561 | CYInvestmentIncomeAmt |
| PY Other Revenue | $197,395 | PYOtherRevenueAmt |
| CY Other Revenue | $119,676 | CYOtherRevenueAmt |
| PY Total Revenue | $275,130,079 | PYTotalRevenueAmt |
| CY Total Revenue | $172,275,342 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $19,014,254 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,699,498 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $115,383,577 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $55,855,729 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $163,346,598 | PYOtherExpensesAmt |
| CY Other Expenses | $151,464,527 | CYOtherExpensesAmt |
| PY Total Expenses | $297,744,429 | PYTotalExpensesAmt |
| CY Total Expenses | $212,019,754 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$22,614,350 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$39,744,412 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $20,379,979 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,990,662 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $81,621,193 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $111,976,288 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$61,241,214 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$100,985,626 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To help students succeed in their pursuit of an educational experience that prepares them for the workforce. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $79,263,022 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $35,979,304 | RevenueAmt |
| Desc | Instruction and Student Services. Zenith Education Group, Inc., dba Altierus Career College, Altierus Career Education and WyoTech, offers educational opportunities with an emphasis in allied health, technology and trades. Zenith Education Group, Inc. engages with faculty, industry leaders, and employers to help identify skills, competencies, behaviors and certifications that fit the needs of the marketplace and enhance each graduate's ability to find a job in his or her chosen field. The schools are accredited and, in 2018, granted associate degrees or diplomas and bachelor's degrees. Zenith Education Group, Inc. also offers certifications within degree and diploma programs that allow more students to earn industry-recognized credentials that are valuable and desired by employers. Zenith Education Group, Inc. serves a non-traditional, underserved student population: 84% of Zenith Education Group, Inc. students are eligible for Pell Grants (69% are eligible for full Pell Grants); 71% of Zenith Education Group, Inc.'s student body is female; 83% of students are non-white; 59% of students are more than 25 years old; only 41% of Zenith Education Group, Inc.'s students are first-time, first-year college students; and only 29% of students depend upon their parents' or guardians' financial resources. Zenith Education Group, Inc. delivers services that make a student's transition from high school to a postsecondary institution as easy and straightforward as possible. Zenith Education Group, Inc. provides students with individualized academic support through academic counseling, tutoring, and remedial education services that furnish tools and resources necessary for successful program completion; financial literacy counseling to assist students in managing their student loans and to help minimize their student loan debt; and career counseling to promote meaningful employment after graduation in the student's field of study. Learning resource centers on Zenith Education Group, Inc. campuses support academic programs by providing books, shop and service manuals, periodicals, computers and curriculum-based online resources. The learning resource centers are staffed with trained professionals to assist in the research needs of students and faculty. The education Zenith Education Group, Inc. students receive emphasizes employability and professional accomplishment. The academic and career success of our graduates is paramount. Zenith Education Group, Inc.'s holistic approach focuses on the goal of graduation and job placement, emphasizing student attendance, overall attitude, academic performance and self-directed job search skills acquired through working with the career services staff. Zenith Education Group, Inc.'s career services experts provide students with placement assistance, including preparation of resumes and letters of introduction, interviewing techniques and job referrals. Zenith Education Group, Inc. career services professionals also arrange on-campus employer visits, lectures, career fairs and field trips to enhance the likelihood that students will obtain well-paying jobs. Zenith Education Group, Inc. also offers student activities that encourage school spirit and develop student leadership, including intramural sports, clubs, professional development programs, resource fairs and other extracurricular activities planned year-round. On November 8, 2017, Zenith Education Group, Inc. announced that 21 of the 24 Altierus and Wyotech schools would be taught out and would no longer accept enrollments effective immediately. During 2018, Zenith Education Group, Inc. completed the teachout of 20 of the 21 campus and online locations. It is anticipated that the last teachout would be completed during 2019. For the remaining Altierus schools, management is focused on further reducing operating expenses; introducing new programs; and enhancing or establishing partnerships with vendors, employers and other parties to expand placement opportunities for students as well as expand and promote career and technical education. As of December 31, 2018, Zenith Education Group, Inc. enrolls approximately 800 students and operates 3 schools in 3 states, and is completing the teachout of one additional school. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,699,498 | ExpenseAmt |
| Grant | $4,699,498 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | Grants and Scholarships. Zenith Education Group, Inc. offers the following scholarship and grant programs to make college affordable for our students: Zenith American Dream Scholarships, Zenith Student Grants, Zenith Graduation Financial Assistance and Military Scholarships. Funds are available to pay for tuition, books and fees. The Zenith American Dream Scholarship is a multimillion-dollar institutional scholarship program available to new students and to previously enrolled students at any Zenith Education Group, Inc.-owned Alterius or WyoTech schools. New students who enroll at any Altierus or WyoTech institution with a start date on or after January 1, 2017, and who receive a written reference from a leader in the local community are eligible to apply for a Zenith American Dream New Student Scholarship of $2,000. Students who have not previously been awarded a Zenith American Dream Scholarship, who are in their final term or module, and who receive a written reference from an instructor or externship supervisor, are eligible to apply for a Zenith American Dream Graduation Scholarship of $2,000. In 2018, Zenith Education Group, Inc. distributed approximately $300,000 American Dream Scholarships to 207 students. The Zenith Student Grants are institutional grants of up to $10,000 per student per academic period available to all students who demonstrate financial need and enroll on or after February 2, 2015 in Zenith Education Group, Inc.-owned Altierus and WyoTech schools. In 2018, Zenith Education Group, Inc. distributed approximately $1 million in Student Grants to 1,577 students. Zenith Graduation Financial Assistance is a non-need-based institutional financial assistance award of up to $10,000 per student per academic period, available to students who enrolled prior to February 2, 2015 in Zenith Education Group, Inc.-owned Altierus schools. Upon a student's graduation, the financial assistance provides a 20% tuition reduction. Zenith Education Group, Inc. distributed approximately $7,000 in Graduation Financial Assistance in 2018 to 2 students. Military Scholarships offer up to 50% of tuition per term or academic period for military personnel serving in the Armed Forces, and up to 10% of tuition per term or academic period for their spouses, as well as for veterans and their dependents using VA Education Benefits. In 2018, Zenith Education Group, Inc. distributed more than $70,000 in Military Scholarships to 89 military personnel, veterans and their dependents. On November 8, 2017, Zenith Education Group, Inc. announced that 21 of the 24 Altierus and Wyotech schools would be taught out and would no longer accept enrollments effective immediately. During 2018, Zenith Education Group, Inc. completed the teachout of 20 of the 21 campus and online locations. It is anticipated that the last teachout would be completed during 2019. For the remaining Altierus schools, management is focused on further reducing operating expenses; introducing new programs; and enhancing or establishing partnerships with vendors, employers and other parties to expand placement opportunities for students as well as expand and promote career and technical education. As of December 31, 2018, Zenith Education Group, Inc. enrolls approximately 800 students and operates 3 schools in 3 states, and is completing the teachout of one additional school. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $83,962,520 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 3745 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 1584 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Martin A Scanlon | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6512210566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 Washington Ave So Ste 1400 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Jeremy J Wheaton | |||||||||
| President & CEO | 0.0 | 40.0 | Yes (X) | Yes (X) | $0 | $746,904 | $89,228 | ||
| John F DePodesta | |||||||||
| Board Chair | 1.0 | 16.0 | Yes (X) | $0 | $180,500 | $0 | |||
| Julia Gouw | |||||||||
| Director | 1.0 | 6.0 | Yes (X) | $0 | $128,000 | $0 | |||
| Diana J Ingram | |||||||||
| Director | 1.0 | 8.0 | Yes (X) | $0 | $122,500 | $0 | |||
| I King Jordan | |||||||||
| Director | 1.0 | 6.0 | Yes (X) | $0 | $117,500 | $0 | |||
| James V McKeon | |||||||||
| Director | 1.0 | 11.0 | Yes (X) | $0 | $155,000 | $0 | |||
| Jack O'Connell | |||||||||
| Director | 1.0 | 7.0 | Yes (X) | $0 | $122,500 | $0 | |||
| Maurice M Salter | |||||||||
| Director | 1.0 | 11.0 | Yes (X) | $0 | $140,000 | $0 | |||
| K Paul Singh | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $124,000 | $0 | |||
| Daniel S Fisher | |||||||||
| General Counsel/Corp Secretary | 0.0 | 40.0 | Yes (X) | $0 | $558,196 | $79,105 | |||
| Martin A Scanlon | |||||||||
| CFO & Treasurer | 0.0 | 40.0 | Yes (X) | $0 | $623,772 | $69,806 | |||
| Mary Ostrye | |||||||||
| SVP & Provost | 40.0 | 0 | Yes (X) | $316,539 | $0 | $16,655 | |||
| Tom O'Donnell | |||||||||
| SVP, Operations | 40.0 | 0 | Yes (X) | $299,228 | $0 | $43,762 | |||
| Todd Allard | |||||||||
| Chief Marketing Officer | 40.0 | 0 | $299,605 | $0 | $5,158 | Yes (X) | |||
| Keith Burkhalter | |||||||||
| SVP, Admissions | 40.0 | 0 | $325,956 | $0 | $4,944 | Yes (X) | |||
| Jill Cochran | |||||||||
| VP, Admissions Operations | 40.0 | 0 | $290,473 | $0 | $40,230 | Yes (X) | |||
| Karen Turner | |||||||||
| SVP, Chief Business Development Officer | 40.0 | 0 | $349,320 | $0 | $5,375 | Yes (X) | |||
| Stuart Vanorny | |||||||||
| Consultant, Academic Technology (effective 11-02-18) VP, Inst Design & Tech (until 11-01-18) | 40.0 | 0 | $294,820 | $0 | $38,135 | Yes (X) | |||
| Robert Kenyon | |||||||||
| SVP & Chief Accounting Officer | 0.0 | 0.0 | $0 | $110,625 | $0 | Yes (X) | |||
| Joshua Susser | |||||||||
| Interim VP Marketing | 0.0 | 40.0 | $0 | $299,886 | $31,638 | Yes (X) | |||
| John Andrews | |||||||||
| VP, Accreditation & Licensing | 40.0 | 0 | $223,135 | $0 | $22,314 | Yes (X) | |||
| James G Gilbertson | |||||||||
| ECMCSS SVP, Finance & Zenith CFO (until 11-08-17) | 0.0 | 40.0 | $0 | $361,131 | $1,325 | Yes (X) | |||
| Gregory A Van Guilder | |||||||||
| Former Treasurer, Current ECMC Group CIO | 0.0 | 40.0 | $0 | $898,580 | $92,322 | Yes (X) | |||
| Roberta Cooper Ramo | |||||||||
| Former Director | 0.0 | 0.0 | $0 | $75,000 | $0 | Yes (X) | |||
| Peter J Taylor | |||||||||
| Former CEO & President, Current President & Director, ECMC Foundation | 0.0 | 40.0 | $0 | $560,681 | $120,889 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,399,076 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $5,324,775 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $660,886 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 75 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| Validated Insights Inc | ||||||
| 961 Cumberland Ln | Buffalo Grove | IL | 60089 | Marketing Professional Services | $2,131,256 | |
| Allied Universal Security Services | ||||||
| PO Box 828854 | Philadelphia | PA | 19182 | Security Services | $1,362,065 | |
| CBRE | ||||||
| PO Box 848844 | Los Angeles | CA | 90084 | Facility Services | $1,303,118 | |
| Ambassador Education Solutions | ||||||
| 445 Broad Hollow Rd | Melville | NY | 11747 | Bookstore | $1,089,021 | Ste 206 |
| Vision Development & Construction Services | ||||||
| 120 Interstate N Pkwy SE | Atlanta | GA | 30339 | Facility Services | $1,041,047 | Ste 130 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 38 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Related Organizations | $138,839,263 | RelatedOrganizationsAmt |
| Government Grants | $478,660 | GovernmentGrantsAmt |
| Total Contributions | $139,317,923 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Instruction | 611310 | $34,714,029 | $34,714,029 |
| Bookstore | 611310 | $1,206,991 | $1,206,991 |
| Student Housing | 611310 | $58,284 | $58,284 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $35,979,304 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $538 | TotalRevenueColumnAmt |
| Exclusion | $538 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,142,099 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | -$3,142,099 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$3,142,099 | TotalRevenueColumnAmt |
| Exclusion | -$3,142,099 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $119,676 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $119,676 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $119,676 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $172,275,342 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $35,979,304 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$3,021,885 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,699,498 | TotalAmt |
| Program Services | $4,699,498 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $676,184 | TotalAmt |
| Program Services | $342,990 | ProgramServicesAmt |
| Management And General | $333,194 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,015,635 | TotalAmt |
| Program Services | $31,038,619 | ProgramServicesAmt |
| Management And General | $10,977,016 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,247,731 | TotalAmt |
| Program Services | $1,660,488 | ProgramServicesAmt |
| Management And General | $587,243 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,963,267 | TotalAmt |
| Program Services | $5,144,042 | ProgramServicesAmt |
| Management And General | $1,819,225 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,952,912 | TotalAmt |
| Program Services | $2,920,173 | ProgramServicesAmt |
| Management And General | $1,032,739 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,393 | TotalAmt |
| Management And General | $223,393 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,148 | TotalAmt |
| Management And General | $198,148 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,865,052 | TotalAmt |
| Program Services | $3,382,281 | ProgramServicesAmt |
| Management And General | $1,482,771 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,215,326 | TotalAmt |
| Program Services | $3,213,589 | ProgramServicesAmt |
| Management And General | $1,737 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,743,284 | TotalAmt |
| Program Services | $1,092,646 | ProgramServicesAmt |
| Management And General | $1,650,638 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,456,889 | TotalAmt |
| Program Services | $590,446 | ProgramServicesAmt |
| Management And General | $2,866,443 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,243,080 | TotalAmt |
| Program Services | $22,163,875 | ProgramServicesAmt |
| Management And General | $79,205 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $831,710 | TotalAmt |
| Program Services | $439,386 | ProgramServicesAmt |
| Management And General | $392,324 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,962 | TotalAmt |
| Program Services | $51,361 | ProgramServicesAmt |
| Management And General | $79,601 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,403 | TotalAmt |
| Program Services | $31,403 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,942 | TotalAmt |
| Program Services | $432,942 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,746,806 | TotalAmt |
| Program Services | $7,858 | ProgramServicesAmt |
| Management And General | $1,738,948 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,088,862 | TotalAmt |
| Program Services | $85,478 | ProgramServicesAmt |
| Management And General | $1,003,384 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| Impairment | $103,000,853 | $103,000,853 | |
| Bookstore | $1,603,004 | $1,603,004 | |
| Housing | $2,468,633 | $2,468,633 | |
| Unrelated Business Income Tax | $2,000 | $2,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,182,180 | TotalAmt |
| Program Services | $2,593,808 | ProgramServicesAmt |
| Management And General | $588,372 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,019,754 | TotalAmt |
| Program Services | $83,962,520 | ProgramServicesAmt |
| Management And General | $128,057,234 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,800,757 | BOYAmt |
| EOY | $5,230,708 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,985 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,790,979 | BOYAmt |
| EOY | $488,078 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $480,879 | BOYAmt |
| EOY | $81,673 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,298,090 | BOYAmt |
| EOY | $3,062,761 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $18,443,011 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,788,604 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,574,049 | BOYAmt |
| EOY | $654,407 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $591,491 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,841,749 | BOYAmt |
| EOY | $1,473,035 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,379,979 | BOYAmt |
| EOY | $10,990,662 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,996,319 | BOYAmt |
| EOY | $96,576,102 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,309,859 | BOYAmt |
| EOY | $1,514,396 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,315,015 | BOYAmt |
| EOY | $13,885,790 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,621,193 | BOYAmt |
| EOY | $111,976,288 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$61,241,214 | BOYAmt |
| EOY | -$100,985,626 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$61,241,214 | BOYAmt |
| EOY | -$100,985,626 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,379,979 | BOYAmt |
| EOY | $10,990,662 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$39,744,412 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,558,355 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,558,355 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $14,610,207 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,230,249 | DepreciationAmt |
| Book Value | $379,958 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $274,449 | OtherCostOrOtherBasisAmt |
| Book Value | $274,449 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $654,407 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Other Receivables | |
| Deposits | $1,472,720 |
| Due From Foundation | $315 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,473,035 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $2,000 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (15 entries)
| DescDesc | AmtAmt |
|---|---|
| Capital Leases | |
| Accrued Rent | |
| Lease Incentive Obligation | $27,044 |
| Operating Lease FMV Adjustment | |
| Federal Perkins Loans | |
| Earn Out Agreement Liability with ED | $7,764,721 |
| Due to ECMC Foundation | |
| Deferred Grant Revenue | $2,797,350 |
| State Grant Funds Liability | |
| Notes payable to ECMC Group, Inc. | |
| Due to ECMC Group, Inc. | $580,526 |
| Due to Educational Credit Management Corporation | $494,047 |
| Deferred Compensation Plan Liability | |
| Due to ECMC Shared Services Company, LLC | $2,219,739 |
| Due to ECMC Holdings Corporation | $363 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $13,885,790 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $36,733,000 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$693 | OtherRevenueAmt |
| Revenue Not Reported | -$693 | RevenueNotReportedAmt |
| Revenue Subtotal | $36,733,693 | RevenueSubtotalAmt |
| Other Revenues Not Included | $135,541,649 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $135,541,649 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $172,275,342 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $210,477,000 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$1,105 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$1,105 | ExpensesNotReportedAmt |
| Expenses Subtotal | $210,478,105 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,541,649 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,541,649 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $212,019,754 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | The FIN 48 (ASC 470) disclosure in the Zenith Education Group, Inc. (Zenith) financial statements reads as follows: "The Internal Revenue Service has determined that Zenith is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. Zenith is also exempt from state income tax. However, any unrelated business income may be subject to taxation. Zenith 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 Zenith for uncertain tax positions as of December 31, 2018 or 2017. Zenith'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 - -693 |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | Cash contribution from ECMC Group, Inc. - 134000000 Zenith Education Group, Inc. scholarships and financial assistance - 4683748 Loss on disposal of fixed assets - -3142099 |
| 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 - -1105 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | Zenith Education Group, Inc. scholarships and financial assistance - 4683748 Loss on disposal of fixed assets - -3142099 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | false | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | Zenith Education Group, Inc.'s racially nondiscriminatory policy is published in the school catalog, in materials provided to prospective students and to registering students, and in marketing communications. Zenith Education Group, Inc. draws students from diverse populations and does not discriminate against any race, color, ethnicity, national origin, or any other protected class. |
| Schedule E, Part I, Line 4(d) RECORDS AND COPIES MAINTAINED BY THE ORGANIZATION | No contributions are solicited. |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | Zenith Education Group, Inc. participates in U.S. Department of Education Supplemental Educational Opportunity Grant, Pell grant and Federal Work Study programs. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Student Scholarships and Financial Assistance | GrantTypeTxt |
| Recipient | 1919 | RecipientCnt |
| Cash Grant | $4,699,498 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule I, Part III Student Scholarships and Financial Assistance | Zenith Education Group, Inc. provides scholarship and financial assistance to students for tuition, books, fees and housing. Scholarship and grant programs include Zenith American Dream Scholarships, Zenith Student Grants, Zenith Graduation Financial Assistance and Military Scholarships. Awards are based on eligibility and are credited to each student's account. |
| Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | A variety of student financing options are available to help students finance their education costs. Information about programs and eligibility requirements is available through the Student Finance Office. Enrollment and eligibility in Zenith Education Group, Inc. scholarships and grants are monitored internally. Other awards are monitored by the respective granting agencies. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | Yes (true) | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | Yes (true) | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (19 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Peter J Taylor | ||||||||||||||
| Former CEO & President, Current President & Director, ECMC Foundation | $0 | $390,609 | $0 | $80,000 | $0 | $90,072 | $0 | $112,238 | $0 | $8,651 | $0 | $681,570 | $0 | $76,984 |
| Jeremy J Wheaton | ||||||||||||||
| President & CEO | $0 | $543,354 | $0 | $200,833 | $0 | $2,717 | $0 | $59,800 | $0 | $29,428 | $0 | $836,132 | $0 | $208 |
| Roberta Cooper Ramo | ||||||||||||||
| Former Director | $0 | $75,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $75,000 | $0 | $0 |
| John F DePodesta | ||||||||||||||
| Board Chair | $0 | $180,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $180,500 | $0 | $0 |
| James V McKeon | ||||||||||||||
| Director | $0 | $155,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $155,000 | $0 | $0 |
| John Andrews | ||||||||||||||
| VP, Accreditation & Licensing | $220,522 | $0 | $0 | $0 | $2,613 | $0 | $13,360 | $0 | $8,954 | $0 | $245,449 | $0 | $0 | $0 |
| James G Gilbertson | ||||||||||||||
| ECMCSS SVP, Finance & Zenith CFO (until 11-08-17) | $0 | $9,879 | $0 | $56,200 | $0 | $295,052 | $0 | $624 | $0 | $701 | $0 | $362,456 | $0 | $0 |
| Gregory A Van Guilder | ||||||||||||||
| Former Treasurer, Current ECMC Group CIO | $0 | $372,132 | $0 | $506,000 | $0 | $20,448 | $0 | $69,447 | $0 | $22,875 | $0 | $990,902 | $0 | $18,000 |
| Daniel S Fisher | ||||||||||||||
| General Counsel/Corp Secretary | $0 | $306,273 | $0 | $230,949 | $0 | $20,974 | $0 | $48,099 | $0 | $31,006 | $0 | $637,301 | $0 | $7,413 |
| Martin A Scanlon | ||||||||||||||
| CFO & Treasurer | $0 | $323,571 | $0 | $87,500 | $0 | $212,701 | $0 | $40,326 | $0 | $29,480 | $0 | $693,578 | $0 | $0 |
| Mary Ostrye | ||||||||||||||
| SVP & Provost | $303,544 | $0 | $0 | $0 | $12,995 | $0 | $16,500 | $0 | $155 | $0 | $333,194 | $0 | $0 | $0 |
| Tom O'Donnell | ||||||||||||||
| SVP, Operations | $231,744 | $0 | $66,000 | $0 | $1,484 | $0 | $14,750 | $0 | $29,012 | $0 | $342,990 | $0 | $0 | $0 |
| Robert Kenyon | ||||||||||||||
| SVP & Chief Accounting Officer | $0 | $0 | $0 | $0 | $0 | $110,625 | $0 | $0 | $0 | $0 | $0 | $110,625 | $0 | $0 |
| Joshua Susser | ||||||||||||||
| Interim VP Marketing | $0 | $107,908 | $0 | $72,084 | $0 | $119,894 | $0 | $12,329 | $0 | $19,309 | $0 | $331,524 | $0 | $0 |
| Todd Allard | ||||||||||||||
| Chief Marketing Officer | $14,639 | $0 | $0 | $0 | $284,966 | $0 | $1,793 | $0 | $3,365 | $0 | $304,763 | $0 | $0 | $0 |
| Keith Burkhalter | ||||||||||||||
| SVP, Admissions | $15,435 | $0 | $0 | $0 | $310,521 | $0 | $2,760 | $0 | $2,184 | $0 | $330,900 | $0 | $0 | $0 |
| Jill Cochran | ||||||||||||||
| VP, Admissions Operations | $143,315 | $0 | $39,400 | $0 | $107,758 | $0 | $6,749 | $0 | $33,481 | $0 | $330,703 | $0 | $0 | $0 |
| Karen Turner | ||||||||||||||
| SVP, Chief Business Development Officer | $16,447 | $0 | $0 | $0 | $332,873 | $0 | $2,972 | $0 | $2,403 | $0 | $354,695 | $0 | $0 | $0 |
| Stuart Vanorny | ||||||||||||||
| Consultant, Academic Technology (effective 11-02-18) VP, Inst Design & Tech (until 11-01-18) | $142,477 | $0 | $36,300 | $0 | $116,043 | $0 | $10,120 | $0 | $28,015 | $0 | $332,955 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Tax indemnification and gross-up payments | Certain taxable benefits are grossed up to make the employee whole. |
| Schedule J, Part I, Line 4a Severance or change-of-control payment | The following received a severance payment in 2018: Karen Turner - $300,407 Keith Burkhalter - $280,407 James G. Gilbertson - $273,729 Todd Allard - $270,407 Robert Kenyon - $110,625 Joshua Susser - $97,405 Jill Cochran - $88,888 Stuart Vanorny - $82,704 |
| 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 2018, Gregory A. Van Guilder participated in the 457(f) plan, and received employer contributions of $2,400, and Peter J. Taylor participated in the SERP plan, and received an employer contribution of $54,800. |
| Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organization | ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated primary financial goals, which includes revenues, before any payment to any officer is made. |
| Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization | ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated key performance metrics, which includes net earnings, before any payment to any officer is made. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Richard J Boyle | |||
| Mr. Boyle is a director and president of a company contracted with ECMC Group, Inc., a related org. | $40,000 | See description of transaction in Part V | false |
| James F Ostrye | |||
| Spouse of Dr. Mary Ostrye, SVP and Provost and Chief Academic Officer | $186,000 | Consulting contract for Pharmacy Tech Dean services to Zenith Education Group, Inc. Dr. Ostrye was not a party to the contract negotiation, and does not review or authorize payments under the contract. The contract ended in 2018. | false |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part IV, Column (d) Description of Transaction | FormAndLineReferenceDesc |
| Explanation | Part IV, Line (1)-ECMC Group, Inc., a related organization, has a consulting contract with a company owned by a former director and president. For transparency of operation, the contract is reported in this Form 990 filing as ECMC Group, Inc. is the parent and supporting entity of Educational Credit Management Corporation and Zenith Education Group, Inc. and the parent organization of ECMC Foundation. The contract is for advisory services to ECMC Group, Inc. and began after the officer retired from the organization on February 1, 2014. The proposed terms of the contract were reviewed by the Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors, which is wholly comprised of independent, outside directors. The Committee reviewed the business terms, tasks, duration of the proposed agreement and comparability data. They also heard from compensation consultants and outside counsel. The Committee made a recommendation that was then approved by the full ECMC Group, Inc. Board of Directors. The contract ended in 2018. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 13 Whistleblower Policy | The Zenith Education 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 provides for reporting mechanisms 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 repercussions for good faith reporting of potential illegal practices or violations of corporate policies. 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 Zenith Education Group, Inc. directors, officers, employees and vendors. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | Zenith Education Group, Inc. has one member. The member is ECMC Group, Inc. a Delaware, non-stock, nonprofit Corporation exempt under section 501(c)(3). There are no stockholders. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | ECMC Group, Inc. has the right to elect and/or approve all the directors of the Zenith Education Group, Inc. Board of Directors. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | ECMC Group, Inc., the sole member of Zenith Education Group, Inc., retains the following authority over Zenith Education Group, Inc.: 1. To authorize amendments to the Articles of Incorporation and Bylaws. 2. To approve the strategic and financial plans. 3. To elect and/or approve the members of the Board of Directors. 4. To oversee coordination of programs and services offered. 5. To authorize formation, governance and dissolution. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | All members of the Board of Directors and executive management are provided a copy of Form 990 to review and provide comments prior to filing. All members of the Board of Directors and executive management are provided with a copy of the final version of Form 990 before it has been filed. |
| Form 990, Part VI, Line 12c Conflict of interest policy | Officers, directors and all employees are required to reaffirm on an annual basis their understanding of the company's Code of Ethics and Business Conduct. The affirmation specifically references that the individual will comply with the directives of the Code of Ethics and Business Conduct. Conflicts of Interest and disclosure of potential conflicts are included in the Code of Ethics and Business Conduct. Monitoring and enforcement of the policy are accomplished through the reaffirmation process. In cases where a potential conflict exists at the officer and key employee levels, the issue is disclosed to the General Counsel and/or Board Chair. For potential or real conflicts involving the CEO or a member of the Board of Directors, the disclosure is made to the Board Chair. The Board member or CEO 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 | The following describes the Educational Credit Management Corporation (ECMC), Zenith Education Group, Inc. and ECMC Group, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2018, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, through Arnold & Porter LLP to identify appropriate CEO and senior executive compensation packages. Arnold & Porter LLP provided an opinion on the reasonableness of this compensation. The market analysis performed by Grant Thornton for Arnold & Porter LLP includes salary and incentive data from an appropriate peer group under IRS regulations and includes both nonprofit and for-profit entities. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | The following describes the Educational Credit Management Corporation (ECMC), Zenith Education Group, Inc. and ECMC Group, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2018, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, through Arnold & Porter LLP to identify appropriate CEO and senior executive compensation packages. Arnold & Porter LLP provided an opinion on the reasonableness of this compensation. The market analysis performed by Grant Thornton for Arnold & Porter LLP includes salary and incentive data from an appropriate peer group under IRS regulations and includes both nonprofit and for-profit entities. |
| Form 990, Part VI, Line 19 Required documents available to the public | No documents are made available to the public. |
| Form 990, Part VII, Section A Consulting | Roberta Cooper Ramo, a former Director, had a consulting agreement in 2018. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue | Miscellaneous - Total Revenue: 119676, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 119676; |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ECMC Group Inc | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411991995 | Education Finance | DE | 501(c)(3) | Type II | NA | false |
| Educational Credit Management Corporation | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411778617 | Guarantor | MN | 501(c)(3) | 10 | ECMC Group Inc | false |
| ECMC Foundation | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411990628 | Promote Education | DE | 501(c)(3) | Type II | ECMC Group Inc | false |
| ECMC Revenue Management Corporation | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 831761663 | Student Loan Default Resolution | DE | Educational Credit Management Corporation | false | ||
| ECMC Services Inc | |||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 831763915 | Student Loan Repayment Services | DE | 501(c)(3) | 10 | Educational Credit Management Corporation | false |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Oakdale Investment Management Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 352085743 | Holding Investments | DE | ECMC Group Inc | C Corporation | false |
| ECMC Holdings Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411991992 | Strategic Oversight | DE | ECMC Group Inc | C Corporation | false |
| Educational Credit Services Co | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411992001 | Private Loans | DE | NA | C Corporation | false |
| ECMC Records & Rec Mgmt Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411989959 | Document Management | DE | NA | C Corporation | false |
| ECMC Management Services Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411989960 | Management Services | DE | NA | C Corporation | false |
| ECMC Technology Services Corporation | ||||||||||
| 111 Washington Ave So | Ste 1400 | Minneapolis | MN | 55401 | 411989958 | Technology Services | DE | NA | C Corporation | false |
| ECMC Servicing Corporation | ||||||||||
| 10370 Peter A McCuen Blvd | Mather | CA | 95655 | 471154366 | Loan Servicing | DE | NA | C Corporation | false | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (true) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule R, Part I Disregarded Entities of Related Organizations | 1(a)-Name. Oakdale Student Loan Funding, LLC (27-1914648), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 1(b)-Primary activity. Holding FFELP Loans. 1(c)-Legal domicile. DE. 1(f)-Direct controlling entity. ECMC Group, Inc. 2(a)-Name. ECMC Shared Services Company, LLC (81-0690960), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 2(b)-Primary activity. Support Services Functions. 2(c)-Legal domicile. DE. 2(f)-Direct controlling entity. ECMC Group, Inc. 3(a)-Name. Patriot Student Loan Capital, LLC (81-3501777) 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 3(b)-Primary Activity. Trust Student Loans. 3(c)-Legal Domicile. DE. 3(f)-Direct Controlling Entity. ECMC Group, Inc. 4(a)-Name. Premiere Credit of North America, LLC (35-2085743), 2002 Wellesley Blvd, #100, Indianapolis, IN 46219. 4(b)-Primary activity. Accounts Receivable Management. 4(c)-Legal domicile. IN. 4(f)-Direct controlling entity. ECMC Holdings Corporation. 5(a)-Name. Healthcare Billing Administrators, LLC (81-4038009) 2002 Wellesley Blvd, #100, Indianapolis, IN 46219. 5(b)-Primary Activity. Provider of Contingent Collections in the Healthcare Provider Market. 5(c)-Legal Domicile. IN. 5(f)-Direct Controlling Entity. Premiere Credit of North America, LLC. |
| Schedule R, Part V, Line 1c Gift, grant, or capital contribution from related organization(s) | $4,839,263 grants made by ECMC Foundation to Zenith Education Group, Inc. to fund programs with a focus on career readiness in support of it's ECMC Foundation's mission to inspire and to facilitate improvements that affect educational outcomes, especially among underserved populations, through evidence-based innovation. |
| Schedule R, Part V, Line 1m Performance of services by related organization(s) | $432,942 for default aversion services were paid to Educational Credit Management Corporation. |
| Schedule R, Part V, Line 1c Gift, grant, or capital contribution from related organization(s) | $134,000,000 contribution made by ECMC Group, Inc. to Zenith Education Group, Inc. to support its mission to help students succeed in their pursuit on an educational experience that prepares them for the workforce. |
| Schedule R, Part V, Line 1e Loans or loan guarantees by related organization(s) | $1,500,000 contingent liability. Zenith Education Group, Inc. and ECMC Group, Inc., as co-applicants, established a letter of credit. The letter of credit expired in March 2018. In March 2019, the letter of credit was amended for $150,000 and expires in March 2020. |
| Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses | $8,819,882 Paid to ECMC Shared Services Company, LLC, a wholly owned subsidiary of ECMC Group, Inc., a related organization, for expenses. |
| Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses | $495,185 Paid to Educational Credit Management Corporation for Expenses. |
| Schedule R, Part V, Line 1n Sharing of Facilities, Equipment, or Other Assets with Related Org(s) | $174,098 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 | $3,632,132 Paid to ECMC Group, Inc. for Expenses. |
| Schedule R, Part V, Line 1e Loans or loan guarantees by related organization(s) | Other guarantees: Zenith Education Group, Inc. leases facilities under non-cancelable operating leases expiring at various dates through 2027 which are guaranteed by ECMC Group, Inc. ECMC Group, Inc. has committed to continue to provide financial support in the amount of $50 million which is projected to cover cash flow needs through March 31, 2020. In the event of an unanticipated liquidity need, the Board of Directors of ECMC Group, Inc. has approved additional financial support in the amount of $5 million conditioned on the request of the Chief Financial Officer and the approval of the Finance Committee Chair. |