ECMC FOUNDATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: ECMC FOUNDATION (EIN 41-1990628)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-11-10
IRS object ID: 201713149349301026
Schema version: 2016v3.0
Source: Download XML · Original 990 at ProPublica

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

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule J
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-11-10T14:01:03-06:00	ReturnTs
Tax Period End	2016-12-31	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 South 6th Street Suite 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	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	411990628	EIN

Business Name BusinessName

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

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

US Address USAddress

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

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Gregory Van Guilder	PersonNm
Person Title	CFO	PersonTitleTxt
Signature	2017-11-10	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	2016	TaxYr
Build TS	2018-03-14 21:41:22Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Peter J Taylor	BusinessNameLine1Txt

US Address USAddress

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

Field	Value	IRS element (for citing)
Gross Receipts	$276,794,659	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.ecmcfoundation.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2000	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	ECMC Foundation is a grantmaking foundation focused on improving the educational outcomes of underserved youth through evidence-based innovation.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	14	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$115,479,049	PYContributionsGrantsAmt
CY Contributions Grants	$274,374,500	CYContributionsGrantsAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$6,983	PYInvestmentIncomeAmt
CY Investment Income	$1,306,067	CYInvestmentIncomeAmt
CY Other Revenue	$1,114,092	CYOtherRevenueAmt
PY Total Revenue	$115,486,032	PYTotalRevenueAmt
CY Total Revenue	$276,794,659	CYTotalRevenueAmt
PY Grants And Similar Paid	$14,357,603	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$27,973,197	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,418,779	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,554,958	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,566,494	PYOtherExpensesAmt
CY Other Expenses	$1,648,771	CYOtherExpensesAmt
PY Total Expenses	$17,342,876	PYTotalExpensesAmt
CY Total Expenses	$31,176,926	CYTotalExpensesAmt
PY Revenues Less Expenses	$98,143,156	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$245,617,733	CYRevenuesLessExpensesAmt
Total Assets BOY	$365,977,174	TotalAssetsBOYAmt
Total Assets EOY	$652,335,423	TotalAssetsEOYAmt
Total Liabilities BOY	$7,075,548	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$13,509,015	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$358,901,626	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$638,826,408	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	To inspire and to facilitate improvements that affect educational outcomes - especially among underserved populations - through evidence-based innovation.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$15,977,591	ExpenseAmt
Grant	$15,977,591	GrantAmt
Revenue	$1,114,092	RevenueAmt
Desc	Career Readiness. Established to invest in opportunities in the career and technical education and training arena, focusing on those students who are not planning to attend traditional four-year or two-year colleges. The program is designed to help students who desire the training and skill development that leads to better job prospects by obtaining Postsecondary certificates with economic and education value. While ECMC Foundation is primarily focusing on the schools that make up Zenith Education Group, it is also committed to funding projects that improve the sector overall.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$5,561,694	ExpenseAmt
Grant	$5,561,694	GrantAmt
Revenue	$0	RevenueAmt
Desc	College Success. Designed to increase the number of students from traditionally underserved backgrounds, including low-income and first-generation, who are prepared for, admitted to, and graduate from an institution of higher education. The program funds the development of techniques and tools that are adopted and used by professionals in the field to improve the college-going rate of underserved students. ECMC Foundation also supports initiatives to improve six-year college graduation rates at four-year colleges and universities, and three-year transfer/completion rates at community colleges and schools for students from these underserved populations.	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$4,920,136	ExpenseAmt
Grant	$4,920,136	GrantAmt
Revenue	$0	RevenueAmt
Desc	Teacher and Leader Development. Created to invest in teacher and leader development focused on complex intellectual student work, often referred to as deeper learning. The program also focuses on initiatives that build the diversity pipelines into the teaching and school leader professions. Through these investments, ECMC Foundation intends to improve teaching and student academic outcomes as measured by the next generation of standards and assessments.	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmt	GrantGrantAmt	RevenueRevenueAmt	DescDesc
$1,540,317	$623,776	$0	Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt.
$890,000	$890,000	$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 and expend the grant award for the purpose designated in the recipient's grant proposal. Recipients are eligible to receive awards ranging from $10,000 to $100,000. In 2016, ECMC Foundation awarded 27 grants under the GO! Program.

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$2,430,317	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant	$1,513,776	TotalOtherProgSrvcGrantAmt
Total Program Service Expenses	$28,889,738	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
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	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	false	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	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	false	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	Yes (true)	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	9	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	14	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
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	NM	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Gregory Van Guilder	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6512210566	PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (20 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
Peter J Taylor
Foundation President & Director and Zenith CEO & President (effective 08-01-16)	41.0	0.0	Yes (X)	Yes (X)	$592,526	$0	$161,867
David L Hawn
Group CEO & Director Not Paid by Foundation	0.0	59.0	Yes (X)		$0	$1,083,898	$42,998
JOHN DEPODESTA
Board Chair not paid by Foundation	1.0	19.0	Yes (X)		$0	$183,000	$0
GARY COOK
DIRECTOR NOT PAID BY FOUNDATION	1.0	12.0	Yes (X)		$0	$130,000	$0
ROBERTA COOPER RAMO
DIRECTOR NOT PAID BY FOUNDATION	2.0	14.0	Yes (X)		$0	$145,500	$0
Julia Gouw
Director not paid by Foundation	1.0	7.0	Yes (X)		$0	$130,500	$0
I KING JORDAN
DIRECTOR NOT PAID BY FOUNDATION	1.0	8.0	Yes (X)		$0	$125,000	$0
JAMES MCKEON
DIRECTOR NOT PAID BY FOUNDATION	1.0	13.0	Yes (X)		$0	$167,500	$0
JACK O'CONNELL
DIRECTOR NOT PAID BY FOUNDATION	1.0	9.0	Yes (X)		$0	$120,000	$0
MAURICE SALTER
DIRECTOR NOT PAID BY FOUNDATION	1.0	9.0	Yes (X)		$0	$147,500	$0
Daniel S Fisher
General Counsel/Corp Secretary Not Paid by Foundation	0.0	50.0		Yes (X)	$0	$516,779	$50,781
Gregory A Van Guilder
CFO not paid by Foundation	0.0	56.0		Yes (X)	$0	$852,414	$59,520
Sarah Kirschenbaum
Program Director-College Readiness/Retention	43.0	0			$106,379	$0	$18,662	Yes (X)
Kyle A Miller
Sr Program Director-Teacher Dev & Eval	45.0	0			$159,958	$0	$24,996	Yes (X)
Margaret M Snyder
Program Analyst	45.0	0			$80,480	$0	$21,176	Yes (X)
Jennifer E Zeisler
Program Director-Career Readiness	49.0	0			$121,327	$0	$20,444	Yes (X)
Alissa Binner
Executive Assistant-LA Office	46.0	0			$102,087	$0	$21,542	Yes (X)
March H Kessler
Former Executive Director	0.0	41.0			$0	$189,161	$29,571		Yes (X)
Richard J Boyle
Former DIRECTOR/CEO/PRESIDENT NOT PAID BY FOUNDATION	0.0	0.0			$0	$15,889	$0		Yes (X)
ROBERT STEIN
Former Director not paid by Foundation	0.0	0.0			$0	$60,000	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,162,758	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$3,867,141	TotReportableCompRltdOrgAmt
Total Other Compensation	$451,556	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Related Organizations	$274,374,500	RelatedOrganizationsAmt
Noncash Contributions	$250,000,000	NoncashContributionsAmt
Total Contributions	$274,374,500	TotalContributionsAmt

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	$0	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,306,067	TotalRevenueColumnAmt
Exclusion	$1,306,067	ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$0	SecuritiesAmt
Other	$0	OtherAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Grants awarded and accrued in 2015; cancelled in 2016	813211	$1,007,198	$1,007,198
Proceeds from 2015 refundable cancelled/overfunded grants	813211	$106,894	$106,894

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,114,092	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$276,794,659	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,114,092	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$1,306,067	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$27,973,197	TotalAmt
Program Services	$27,973,197	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$634,733	TotalAmt
Management And General	$634,733	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$734,520	TotalAmt
Program Services	$548,697	ProgramServicesAmt
Management And General	$185,823	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$69,150	TotalAmt
Program Services	$51,708	ProgramServicesAmt
Management And General	$17,442	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$73,015	TotalAmt
Program Services	$55,155	ProgramServicesAmt
Management And General	$17,860	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$43,540	TotalAmt
Program Services	$32,558	ProgramServicesAmt
Management And General	$10,982	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$24,990	TotalAmt
Management And General	$24,990	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$533,143	TotalAmt
Management And General	$533,143	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$455,869	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$455,869	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$51,187	TotalAmt
Program Services	$10,044	ProgramServicesAmt
Management And General	$41,143	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,999	TotalAmt
Management And General	$1,999	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$188,997	TotalAmt
Program Services	$154,634	ProgramServicesAmt
Management And General	$34,363	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$271,964	TotalAmt
Management And General	$271,964	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$39,131	TotalAmt
Program Services	$2,500	ProgramServicesAmt
Management And General	$36,631	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$74,855	TotalAmt
Program Services	$61,245	ProgramServicesAmt
Management And General	$13,610	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$5,195	TotalAmt
Management And General	$5,195	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	Miscellaneous Expense	Desc
Total	$1,441	TotalAmt
Management And General	$1,441	ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

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

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$31,176,926	TotalAmt
Program Services	$28,889,738	ProgramServicesAmt
Management And General	$2,287,188	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$12,655,239	BOYAmt
EOY	$14,617,115	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

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

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$700	BOYAmt
EOY	$902	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

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

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

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$9,005	BOYAmt
EOY	$14,103	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$273,689	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$65,283	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$261,062	BOYAmt
EOY	$208,406	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$353,051,168	BOYAmt
EOY	$637,358,216	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$136,681	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$365,977,174	BOYAmt
EOY	$652,335,423	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$279,086	BOYAmt
EOY	$219,981	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$6,471,473	BOYAmt
EOY	$13,180,027	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$324,989	BOYAmt
EOY	$109,007	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$7,075,548	BOYAmt
EOY	$13,509,015	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$358,901,626	BOYAmt
EOY	$638,826,408	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$358,901,626	BOYAmt
EOY	$638,826,408	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$365,977,174	BOYAmt
EOY	$652,335,423	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$245,617,733	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$34,307,049	NetUnrlzdGainsLossesInvstAmt
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

Schedule A IRS990ScheduleA

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

Supported Org Information SupportedOrgInformationGrp (2 entries)

EINEIN	Organization TypeOrganizationTypeCd	Governing Document ListedGoverningDocumentListedInd	SupportSupportAmt	Other SupportOtherSupportAmt
EDUCATIONAL CREDIT Management Corporation
411778617	9	Yes (true)	$23,347,533	$0
Zenith Education Group Inc
472237488	2	Yes (true)	$7,829,393	$0

Field	Value	IRS element (for citing)
Supported Organizations Total	2	SupportedOrganizationsTotalCnt
Support Sum	$31,176,926	SupportSumAmt
Other Support Sum	$0	OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

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

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

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

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

Contributor US Address ContributorUSAddress

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

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

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$273,689	OtherCostOrOtherBasisAmt
Depreciation	$65,283	DepreciationAmt
Book Value	$208,406	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$208,406	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

Field	Value	IRS element (for citing)
Desc	Investment in ECMC Group Investment Pool	Desc
Book Value	$637,358,216	BookValueAmt
Method Valuation	F	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Securities	$637,358,216	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
Due To ECMC Group, Inc.
Due To Educational Credit Management Corporation	$109,007

Field	Value	IRS element (for citing)
Total Liability	$109,007	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$309,987,616	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$34,307,049	NetUnrealizedGainsInvstAmt
Other Revenue	$0	OtherRevenueAmt
Revenue Not Reported	$34,307,049	RevenueNotReportedAmt
Revenue Subtotal	$275,680,567	RevenueSubtotalAmt
Other Revenues Not Included	$1,114,092	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$1,114,092	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$276,794,659	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$30,062,834	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$0	OtherExpensesIncludedAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$30,062,834	ExpensesSubtotalAmt
Other Expenses Not Included	$1,114,092	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$1,114,092	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$31,176,926	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part XI, Line 2(a) Net unrealized gain on investments	Net unrealized gain on investment in the ECMC Group, Inc. investment pool are $34,307,049.
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, 2016 or 2015. ECMC Foundation's tax returns are subject to review and examination by federal and state authorities."
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Grants awarded in 2015 to Zenith Education Group, Inc. for its Campaign for Innovation and to an unaffiliated entity in support of career and technical education and training. The grants were not funded and subsequently cancelled in 2016. The awards were correctly recorded in 2015 as grant liabilities on ECMC Foundation's books. - 1007198 Refundable grant proceeds from cancelled and overfunded 2015 grants to Zenith Education Group, Inc. for its 2015 Campaign for Innovation. - 106894
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	Grants awarded in 2015 to Zenith Education Group, Inc. for its Campaign for Innovation and to an unaffiliated entity in support of career and technical education and training. The grants were not funded and subsequently cancelled in 2016. The awards were correctly recorded in 2015 as grant liabilities on ECMC Foundation's books. - 1007198 Refundable grant proceeds from cancelled and overfunded 2015 grants to Zenith Education Group, Inc. for its 2015 Campaign for Innovation. - 106894

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (103 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Address Line2USAddress/AddressLine2Txt
Zenith Education Group Inc
5 Hutton Center Drive Suite 500	Santa Ana	CA	92707	472237488	501(c)(3)	$7,829,393	Mission & Campaign for Innovation
4 Paws For Ability Inc
253 Dayton Ave	Xenia	OH	45385	311625484	501(c)(3)	$50,000	Program Support
ABOUT KIDZ
9276 Greenback Lane	Orangevale	CA	95662	800683387	501(c)(3)	$31,500	Education Support
ACHIEVING THE DREAM
8403 Colesville Rd 450	Silver Spring	MD	20910	271635830	501(c)(3)	$400,000	Career Readiness
ALAMEDA COUNTY OFFICE OF EDUCATION
313 West Winton Road	Hayward	CA	94544	946002421	501(c)(3)	$10,000	General Support
ALASKA NATIVE TRIBAL HEALTH CONSORTIUM
4000 Ambassador Drive	Anchorage	AK	99508	920162721	501(c)(3)	$200,000	Career Readiness
ALEXANDRIA CITY PUBLIC SCHOOLS
1340 Braddock Place Suite 610	Alexandria	VA	22314		School	$25,000	General Support
Amy Biehl High School
123 4th Street SW	Albuquerque	NM	87102		School	$15,000	Education Support
ASIAN AMERICANS ADVANCING JUSTICE
1145 Wilshire Blvd 2nd Floor	Los Angeles	CA	90017	953854152	501(c)(3)	$75,000	Program Support
AVENUES FOR HOMELESS YOUTH
1708 Oak Park Ave N	Minneapolis	MN	55411	411765140	501(c)(3)	$28,750	Education Support
BIG BROTHERS BIG SISTERS OF GREATER LOS ANGELES INC
3150 N San Fernando Road Suite C	Los Angeles	CA	90065	951904857	501(c)(3)	$149,050	College Success
Big Picture Philadelphia
126 W Dauphin Street	Philadelphia	PA	19133	261413610	501(c)(3)	$72,562	Teacher and Leader Development
Board of Education
1250 Foster Ave	Nashville	TN	37210	620717138	501(c)(3)	$42,000	General Support
BOYS II MEN INC
4850 Guion Road	Indianapolis	IN	46254	352133391	501(c)(3)	$50,000	Education Support
BRIGHT PROSPECT
1460 E Holt Avenue Suite 74	Pomona	CA	91767	522363234	501(c)(3)	$300,000	College Success
Buck Institute for Education
18 Commercial Blvd	Novato	CA	94949	680160429	501(c)(3)	$540,000	Teacher and Leader Development
Burwen Education Foundation
431 Calderon Ave	Mountain View	CA	94041	770560492	501(c)(3)	$10,000	General Support
BUTLER UNIVERSITY
4600 Sunset Ave	Indianapolis	IN	46208	350867977	501(c)(3)	$21,000	Program Support
BUTTE COMMUNITY COLLEGE FOUNDATION
3536 Butte Campus Dr	Oroville	CA	95965	943153995	501(c)(3)	$100,000	Career Readiness
CAMPAIGN FOR FREE COLLEGE TUITION
3820 Meridian Ave N	Seattle	WA	98103	465011569	501(c)(3)	$25,000	College Success
Center for Educational Excellence in Alternative Settings
1361 Locust Road NW	Washington	DC	20012	460757820	501(c)(3)	$531,063	Teacher and Leader Development
Center for Leadership Development Inc
2425 Dr Martin Luther King Jr St	Indianapolis	IN	46208	351389882	501(c)(3)	$21,000	General Support
CENTREVILLE LAYTON SCHOOL INC
6201 Kennett Pike	Centreville	DE	19807	510232858	501(c)(3)	$10,000	General Support
CHILDREN'S CASTLE THEATER
8442 17th Ave S	Bloomington	MN	55425	411696284	501(c)(3)	$16,100	General Support
CIVIC NATION
1120 G Street NW Suite 990	Washington	DC	20005	473576918	501(c)(3)	$50,000	College Success
College and Community Fellowship
475 Riverside Dr 1626	New York	NY	10115	311720017	501(c)(3)	$260,500	Career Readiness
COLLEGE FORWARD
505 E Huntland Dr Suite 315	Austin	TX	78752	422003552	501(c)(3)	$445,000	College Success
COLLEGE SUMMIT INC
1763 Columbia Rd NW Second Floor	Washington	DC	20009	522007028	501(c)(3)	$300,000	College Success
COMMUNITY LIFE LINE CHRISTIAN BLOSSOM PROGRAM
3929 Millersville Road	Indianapolis	IN	46205	351489090	501(c)(3)	$21,000	Program Support
CORO SOUTHERN CALIFORNIA
1000 N Alameda Street Suite 240	Los Angeles	CA	90012	954274561	501(c)(3)	$42,500	General Support & Sponsorship
Council For Adult and Experiential Learning
55 E Monroe Suite 2710	Chicago	IL	60603	132890752	501(c)(3)	$798,636	Career Readiness
CRHS Sacramento Work Study Inc
1430 N Street Room 3705	Sacramento	CA	95814	412191660	501(c)(3)	$50,000	Program Support
CRISTO REY JESUIT HIGH SCHOOL CA
8475 Jackson Road	Sacramento	CA	95826	412191660	501(c)(3)	$24,750	Program Support
Da Vinci Schools
13500 Aviation Blvd	Hawthorne	CA	90250	263405843	501(c)(3)	$62,830	Teacher and Leader Development
DANCING THROUGH THE CURRICULUM
904 26th Ave N	Nashville	TN	37208	461078466	501(c)(3)	$28,000	Program Support
DAYSPRING CENTER INC
1537 Central Ave	Indianapolis	IN	46202	351618998	501(c)(3)	$48,500	General Support
EdVisions Schools Inc
305 Main Street	Henderson	MN	56044	411983677	501(c)(3)	$137,500	Teacher and Leader Development
EL Education
247 W 35th Street	New York	NY	100011901	061576405	501(c)(3)	$1,480,501	Teacher and Leader Development
Elk Grove Unified School District
8333 Kingsbridge Drive	Sacramento	CA	95829	946002501	School	$65,250	Education Support
ENCORPS INC
2121 Avenue of the Stars Suite 2020	Los Angeles	CA	90067	383771471	501(c)(3)	$15,000	Teacher and Leader Development
ENCUENTROS LEADERSHIP OF NORTHERN SAN DIEGO
200 Kalmus Drive	Costa Mesa	CA	92628	208684576	501(c)(3)	$10,000	General Support
ENLISTED ASSOCIATION OF THE NATIONAL GUARD OF THE UNITED STATES
3133 Mount Vernon Avenue	Alexandria	VA	22305	510207315	501(c)(3)	$20,000	General Support
FRIENDSHIP FREE LIBRARY
40 West Main	Friendship	NY	14739	160779298	501(c)(3)	$50,000	Program Support
GENESEE CENTER FOR THE ARTS AND EDUCATION
713 Monroe Ave	Rochester	NY	14607	161000729	501(c)(3)	$50,000	Program Support
Girls Inc of Greater Indianapolis
3935 N Meridian Street	Indianapolis	IN	46208	351337205	501(c)(3)	$38,500	College Success & Career Readiness
GRADGURU
1150 25th Street Suite 120	San Francisco	CA	94107	454898226	501(c)(3)	$150,000	College Success
GREEN TECHNICAL EDUCATION AND EMPLOYMENT
7485 Rush River Dr	Sacramento	CA	95831	270595012	501(c)(3)	$33,750	Education Support
I HAVE A DREAM FOUNDATION - LOS ANGELES
3580 Wilshire Blvd Suite 720	Los Angeles	CA	90010	954089758	501(c)(3)	$30,000	General Support
Indiana University - Lilly School of Philanthropy
University Hall Suite 3000	Indianapolis	IN	462025146	356001673	501(c)(3)	$10,000	Program Support	301 N University Boulevard
INSTITUTE FOR WOMEN'S POLICY RESEARCH
1200 18th Street NW Suite 301	Washington	DC	20036	521549572	501(c)(3)	$375,000	Career Readiness
JACK KENT COOKE FOUNDATION
44325 Woodridge Pkwy	Lansdowne	VA	20176	541896244	501(c)(3)	$400,000	College Success
JOBS FOR AMERICA'S GRADUATES INC
1729 King Street Suite 100	Alexandria	VA	22314	521194546	501(c)(3)	$10,000	Sponsorships
JOBS FOR THE FUTURE INC
88 Broad Street 8th Floor	Boston	MA	02110	061164568	501(c)(3)	$300,000	Career Readiness
Just-A-Start Corporation
1035 Cambridge St 12	Cambridge	MA	02141	237121174	501(c)(3)	$59,928	Career Readiness
LEADERSUP
830 Traction Avenue 3A Hub	Los Angeles	CA	90013	462606773	501(c)(3)	$750,000	Career Readiness
Loyola Marymount University
1 LMU Drive Suite 4119	Los Angeles	CA	90045	951643334	501(c)(3)	$10,000	Program Support
LUTHERAN METROPOLITAN MINISTRY
4515 Superior Avenue	Cleveland	OH	44103	341043756	501(c)(3)	$150,000	Career Readiness
MAPLEWOOD MIDDLE SCHOOL
2410 Holloway Ave	Maplewood	MN	55109	416008435	Middle School	$50,000	Financial Support for School
MassChallenge Inc
31 St James Avenue Suite 920	Boston	MA	02116	270382989	501(c)(3)	$485,000	Teacher and Leader Development
MDC INC
307 West Main Street	Durham	NC	27701	560894222	501(c)(3)	$137,000	College Success
MDRC
16 East 34 Street 19th Floor	New York	NY	100164326	237379473	501(c)(3)	$350,000	Career Readiness
MERISTEM
9200 Fair Oaks Blvd	Fair Oaks	CA	95628	471411177	501(c)(3)	$25,000	Program Support
MILLS MIDDLE SCHOOL
10439 Coloma Road	Rancho Cordova	CA	95670	946002505	Middle School	$50,000	Financial Support for School
MOUNT OF OLIVES LUTHERAN CHURCH
24851 Chrisanta Drive	Mission Viejo	CA	92691	952478898	501(c)(3)	$31,500	Program Support
National College Access Network
1001 Connecticut Ave NW 300	Washington	DC	20036	311793562	501(c)(3)	$400,000	College Success
New Mexico Center for School Leadership
FatPipe Co-working Space	Albuquerque	NM	87102	473717716	501(c)(3)	$1,299,155	Teacher and Leader Development	200 Broadway Blvd NE
NEW MEXICO SCHOOL FOR THE ARTS
275 E Alameda Street	Santa Fe	NM	87501	264764395	501(c)(3)	$10,000	General Support
New Mexico Wildlife Center Inc
19 Wheat Street	Espanola	NM	87532	850346210	501(c)(3)	$25,000	Education Grant
NEW PROFIT INC
200 Clarendon Street 29th Floor	Boston	MA	02116	043396766	501(c)(3)	$1,500,000	College Success & Career Readiness
New Tech Network
1250 Main Street Suite 100	Napa	CA	94559	270845123	501(c)(3)	$147,040	Teacher and Leader Development
NORTHSIDE ACHIEVEMENT ZONE
2123 West Broadway Ave	Minneapolis	MN	55411	300238807	501(c)(3)	$25,000	Sponsorships
ONEGOAL
215 W Superior Street 700	Chicago	IL	60654	562369898	501(c)(3)	$400,000	College Success
PEOPLE INCORPORATED
2060 Centre Pointe Blvd	St Paul	MN	55120	410962296	501(c)(3)	$28,750	General Support
PEOPLE SERVING PEOPLE CHARITIES
614 Third Street South	Minneapolis	MN	55415	411965067	501(c)(3)	$20,700	General Support
PROJECT SELF-SUFFICIENCY FOUNDATION
18041 Goldenwest Street	Huntington Beach	CA	92648	330597719	501(c)(3)	$378,977	Career Readiness
PUBLIC POLICY INSTITUTE OF CALIFORNIA
500 Washington Street Suite 600	San Francisco	CA	94111	943207299	501(c)(3)	$135,157	Career Readiness & General Support
ROADTRIP PRODUCTION LTD
1626 Placentia Ave	Costa Mesa	CA	92627	043615743	501(c)(3)	$850,000	Career Readiness
SIERRA FOREVER FAMILIES
8928 Volunteer Lane Suite 100	Sacramento	CA	95826	680002878	501(c)(3)	$38,250	General Support
SISTER CITIES OF NASHVILLE INC
PO Box 120555	Nashville	TN	37212	581959113	501(c)(3)	$17,000	Program Support
SOLEDAD O'BRIEN
134 West 26th Street Suite 1150	New York	NY	10001	452440475	501(c)(3)	$10,000	Sponsorships
SOUTH HIGH FOUNDATION
3131 19th Ave S	Minneapolis	MN	55407	411506266	501(c)(3)	$28,500	Program Support
Teachers College Columbia University
525 West 120th Street Box 21	New York City	NY	10027	131624202	501(c)(3)	$250,000	College Success	47C Horace Mann
TELACU EDUCATION FOUNDATION
5400 E Olympic Blvd Third Floor	Los Angeles	CA	90022	954384333	501(c)(3)	$75,000	College Success
THE ANTI-RECIDIVISM COALITION
448 S Hill Street Suite 908	Los Angeles	CA	90013	462140915	501(c)(3)	$150,000	Career Readiness
THE ASPEN INSTITUTE INC
One DuPont Circle NW Suite 700	Washington	DC	200361133	840399006	501(c)(3)	$550,000	Career Readiness
The Bottom Line Inc
15 Milk Street 16th Floor	Boston	MA	02109	043351427	501(c)(3)	$500,000	College Success
THE CAMPAIGN FOR COLLEGE OPPORTUNITY
714 W Olympic Blvd	Los Angeles	CA	90015	200427622	501(c)(3)	$150,000	College Success
THE COLLEGE CRUSADE OF RHODE ISLAND
34 Thurbers Ave 11	Providence	RI	02905	223031765	501(c)(3)	$250,000	College Success
THE EQUITY PROJECT CHARTER SCHOOL
549 Audubon Avenue Trailer 30	New York	NY	10040	900354470	501(c)(3)	$25,000	General Support
The Lift Community Development Corporation
925 Payne Ave Ste 204	St Paul	MN	55130	204130979	501(c)(3)	$20,700	General Support
THE OPPORTUNITY INSTITUTE
2001 Center Street Suite 500	Berkeley	CA	94704	473888926	501(c)(3)	$600,000	Career Readiness
UCLA
UCLA External Affairs Box 951590	Los Angeles	CA	900951590	956006143	501(c)(3)	$30,000	Program Support	Wilshire Center Suite 900
UCLA BLACK ALUMNI ASSOCIATION
PO Box 83422	Los Angeles	CA	90083	954135384	501(c)(3)	$10,000	Program Support
UNITE-LA INC
350 S Bixel St	Los Angeles	CA	90017	820576380	501(c)(3)	$50,000	General Support
UNIVERSITY OF CALIFORNIA MERCED
5200 Lake Rd	Merced	CA	95343	270093858	501(c)(3)	$150,000	College Success
UNIVERSITY OF CALIFORNIA RIVERSIDE
900 University Ave	Riverside	CA	92521	237433570	501(c)(3)	$120,000	College Success
UNIVERSITY OF NEW MEXICO
1 University of New Mexico	Albuquerque	NM	87131	856000642	501(c)(3)	$440,000	College Success
UNIVERSITY OF PENNSYLVANIA
3819 Chestnut Street	Philadelphia	PA	19104	231352685	501(c)(3)	$370,644	College Success	St Leonards Court Suite 140
University of Washington Bothell
18115 Campus Way NE	Bothell	WA	98011	916001537	501(c)(3)	$149,485	Teacher and Leader Development	Education Box 358531
URBAN VENTURES LEADERSHIP FOUNDATION
2924 4th Avenue South	Minneapolis	MN	55408	363558710	501(c)(3)	$30,000	General Support
USC ROSSIER SCHOOL OF EDUCATION
3470 Trousdale Pkwy	Los Angeles	CA	900890031	951642394	501(c)(3)	$10,000	General Support	Waite Phillips Hall Suite 1100
WO Smith Nashville Community Music School
1125 8th Avenue South	Nashville	TN	37203	581560499	501(c)(3)	$13,000	Program Support
YEAR UP INC
45 Milk Street 9th Floor	Boston	MA	02109	043534407	501(c)(3)	$750,000	Career Readiness

Field	Value	IRS element (for citing)
Total501c3 Org	103	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.	FormAndLineReferenceDesc
Explanation	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 Zenith Education Group, Inc. through reports to management and the Board of Directors on a regular basis. The remaining grants and assistance to the organizations listed in Part II further ECMC Foundation's mission and program evaluations are part of all grant projects funded.	ExplanationTxt

Schedule J IRS990ScheduleJ

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	false	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 (10 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
Foundation President & Director and Zenith CEO & President (effective 08-01-16)	$478,163	$0	$111,958	$0	$2,405	$0	$31,800	$119,661	$10,406	$0	$634,733	$119,661	$11,856	$0
Richard J Boyle
Former DIRECTOR/CEO/PRESIDENT NOT PAID BY FOUNDATION	$0	$0	$0	$0	$0	$15,889	$0	$0	$0	$0	$0	$15,889	$0	$0
ROBERT STEIN
Former Director not paid by Foundation	$0	$60,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$60,000	$0	$0
David L Hawn
Group CEO & Director Not Paid by Foundation	$0	$519,553	$0	$560,722	$0	$3,624	$0	$23,850	$0	$19,148	$0	$1,126,896	$0	$44,472
JOHN DEPODESTA
Board Chair not paid by Foundation	$0	$183,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$183,000	$0	$0
JAMES MCKEON
DIRECTOR NOT PAID BY FOUNDATION	$0	$167,500	$0	$0	$0	$0	$0	$0	$0	$0	$0	$167,500	$0	$0
Daniel S Fisher
General Counsel/Corp Secretary Not Paid by Foundation	$0	$311,679	$0	$199,457	$0	$5,642	$0	$31,800	$0	$18,981	$0	$567,560	$0	$19,052
Gregory A Van Guilder
CFO not paid by Foundation	$0	$455,680	$0	$393,608	$0	$3,126	$0	$31,800	$0	$27,720	$0	$911,934	$0	$35,531
March H Kessler
Former Executive Director	$0	$143,094	$0	$43,601	$0	$2,465	$0	$22,698	$0	$6,873	$0	$218,732	$0	$0
Kyle A Miller
Sr Program Director-Teacher Dev & Eval	$158,449	$0	$101	$0	$1,407	$0	$19,123	$0	$5,873	$0	$184,953	$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. 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 2016, Gregory Van Guilder and Peter J. Taylor participated in the 457(f) plan, and received employer contributions of $15,179 and $1,595, respectively, and Peter J. Taylor participated in the SERP plan, and received an employer contribution of $119,661.
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.

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Richard J Boyle	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	Mr. Boyle is a director and president of a company contracted with ECMC Group, Inc., a related org.	RelationshipDescriptionTxt
Transaction	$180,000	TransactionAmt
Transaction	See Description of Transaction in Part V	TransactionDesc
Sharing Of Revenues	false	SharingOfRevenuesInd

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	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.	ExplanationTxt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	Investment-Fractional interest	Desc
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$250,000,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Schedule M, Part I, Line 25 Investment-Fractional interest

Participation in the investment pool is available to ECMC Group, Inc. and its eligible subsidiaries. Investments in ECMC Group, Inc. 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 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. Investments are recorded at estimated fair value, using the practical expedient. The practical expedient allows for the use of a proportionate share of the investment pool to be utilized to estimate fair value. The investment strategy of the pooled funds of ECMC Group, Inc. is to diversify risk and provide a return that satisfies the short- and long-term objectives of ECMC Foundation.

Schedule M, Part I Explanations of reporting method for number of contributions

Other - Investment-Fractional interest The number reported in Part I, Line 25, Column (b) is based on the number of contributions received.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (14 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services	(Expenses $ 1,540,317 including grants of $ 623,776)(Revenue $ 0) 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 $ 890,000 including grants of $ 890,000)(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 and expend the grant award for the purpose designated in the recipient's grant proposal. Recipients are eligible to receive awards ranging from $10,000 to $100,000. In 2016, ECMC Foundation awarded 27 grants under the GO! Program.
Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY	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. While there is not a specific whistleblower policy, 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 whistleblower telephone hotline and website administered by an outside vendor. The hotline and website are available and accessible to ECMC Foundation directors, officers, employees and vendors.
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 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 CEO and Director of Corporate Compliance. 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	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 2016, 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 a written 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	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 2016, 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 a written 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	The Form 990 is made available to the public on ECMC Foundation's website.
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. Robert Stein, a former Director, had a consulting agreement in 2016.
Form 990, Part X, Line 12 Investments-Other Securities	Investments-other securities of $637,358,216 are held in the ECMC Group, Inc. Investment Pool. Investments in ECMC Group, Inc. investment pool represent an ownership interest in the investment pool managed by ECMC Group, 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 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 the pooled funds of ECMC Group, Inc. is to diversify risk and provide a return that satisfies the short- and long-term objectives of ECMC Foundation. The investment pool has unfunded commitments of $68,702,689 in alternative investments and $12,996,886 in mission related direct investments. ECMC Foundation has no unfunded commitments to the pool at December 31, 2016.
Form 990, Part XI, Line 5 Net unrealized gains on investments	Net unrealized gains on investment in the ECMC Group, Inc. investment pool are $34,307,049.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
EDUCATIONAL CREDIT Management Corporation
111 Washington Avenue South	Suite 1400	Minneapolis	MN	55401	411778617	GUARANTOR	MN	501(c)(3)	10	ECMC GROUP INC	false
ECMC GROUP INC
111 Washington Avenue South	Suite 1400	Minneapolis	MN	55401	411991995	EDUCATION FINANCE	DE	501(c)(3)	Type II	NA	false
ZENITH EDUCATION GROUP INC
111 Washington Avenue South	Suite 1400	Minneapolis	MN	55401	472237488	CAREER COLLEGES	DE	501(c)(3)	2	ECMC Group Inc	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 Avenue South	Suite 1400	Minneapolis	MN	55401	352085743	HOLDING INVESTMENTS	DE	ECMC GROUP INC	C Corporation	false
ECMC HOLDINGS CORPORATION
111 Washington Avenue South	Suite 1400	Minneapolis	MN	55401	411991992	STRATEGIC OVERSIGHT	DE	ECMC GROUP INC	C Corporation	false
EDUCATIONAL CREDIT SERVICES CO
111 Washington Avenue South	Suite 1400	Minneapolis	MN	55401	411992001	PRIVATE LOANS	DE	NA	C Corporation	false
ECMC RECORDS & REC MGMT CORPORATION
111 Washington Avenue South	Suite 1400	Minneapolis	MN	55401	411989959	DOCUMENT MANAGEMENT	DE	NA	C Corporation	false
ECMC MANAGEMENT SERVICES CORPORATION
111 Washington Avenue South	Suite 1400	Minneapolis	MN	55401	411989960	MANAGEMENT SERVICES	DE	NA	C Corporation	false
ECMC TECHNOLOGY SERVICES CORPORATION
111 Washington Avenue South	Suite 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	Yes (true)	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	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	false	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (true)	SharingOfFacilitiesInd
Paid Employees Sharing	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 (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule R, Part V, Line 1c GIFT, GRANT, OR CAPITAL CONTRIBUTION FROM RELATED ORGANIZATION(S)	$274,374,500 CONTRIBUTION MADE BY ECMC GROUP, INC. TO ECMC FOUNDATION TO FUND INNOVATIVE OUTREACH PROGRAMS AND SCHOLARSHIP PROGRAMS TO CONVEY TO STUDENTS THE IMPORTANCE OF COMPLETING HIGH SCHOOL AND TO DEVELOP AND DISTRIBUTE PROGRAMS THAT FOCUS ON ACCESS, RETENTION AND SUCCESS IN HIGHER EDUCATION, THEREBY HELPING LOW-INCOME INDIVIDUALS AS WELL AS THOSE WHO MAY BE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE FURTHERING THEIR EDUCATION GOALS.
Schedule R, Part V, Line 1n SHARING OF FACILITIES, EQUIPMENT, OR OTHER ASSETS WITH RELATED ORG(S)	$373,532 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	$911,962 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 Avenue South, Suite 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 Avenue South, Suite 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 Avenue South, Suite 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 1b Gift, grant, or capital contribution to related organization(s)	$7,829,393 grants awarded by ECMC Foundation to Zenith Education Group, Inc. to provide $999,368 for the Zenith Campaign for Innovation which is designed to elicit creative ideas about how to support students' success and $6,830,025 for other programs which further its mission to help students succeed in their pursuit of an educational experience that prepares them for the workforce.