2017-11-10T14:01:03-06:00 2016-12-31 390859910 Baker Tilly Virchow Krause LLP 225 South 6th Street Suite 2300 Minneapolis MN 55402 990 2016-01-01 411990628 ECMC Foundation ECMC 6512210566 111 Washington Avenue South 1400 Minneapolis MN 55401 Gregory Van Guilder CFO 2017-11-10 true Lawrence H Mohr CPA P00447603 6128764500 2016 2018-03-14 21:41:22Z Peter J Taylor 111 Washington Avenue South 1400 Minneapolis MN 55401 276794659 false X www.ecmcfoundation.org X 2000 DE ECMC Foundation is a grantmaking foundation focused on improving the educational outcomes of underserved youth through evidence-based innovation. 9 8 14 0 0 0 115479049 274374500 0 6983 1306067 1114092 115486032 276794659 14357603 27973197 0 1418779 1554958 0 0 1566494 1648771 17342876 31176926 98143156 245617733 365977174 652335423 7075548 13509015 358901626 638826408 X To inspire and to facilitate improvements that affect educational outcomes - especially among underserved populations - through evidence-based innovation. false false 15977591 15977591 1114092 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. 5561694 5561694 0 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. 4920136 4920136 0 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. 1540317 623776 0 Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt. 890000 890000 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. 2430317 1513776 28889738 true true false false false false false false false false true true false false true true true true false false false false false false false false false true false true false false false false false false false true true false false false false true false false false true 9 0 14 true false false false false false false false false false false X 9 8 false false false false true true true true true false false true true true true true true true true false CA NM MN OR X X Gregory Van Guilder 6512210566 111 Washington Avenue S Suite 1400 Minneapolis MN 55401 Peter J Taylor Foundation President & Director and Zenith CEO & President (effective 08-01-16) 41.0 0.0 X X 592526 0 161867 David L Hawn Group CEO & Director Not Paid by Foundation 0.0 59.0 X 0 1083898 42998 JOHN DEPODESTA Board Chair not paid by Foundation 1.0 19.0 X 0 183000 0 GARY COOK DIRECTOR NOT PAID BY FOUNDATION 1.0 12.0 X 0 130000 0 ROBERTA COOPER RAMO DIRECTOR NOT PAID BY FOUNDATION 2.0 14.0 X 0 145500 0 Julia Gouw Director not paid by Foundation 1.0 7.0 X 0 130500 0 I KING JORDAN DIRECTOR NOT PAID BY FOUNDATION 1.0 8.0 X 0 125000 0 JAMES MCKEON DIRECTOR NOT PAID BY FOUNDATION 1.0 13.0 X 0 167500 0 JACK O'CONNELL DIRECTOR NOT PAID BY FOUNDATION 1.0 9.0 X 0 120000 0 MAURICE SALTER DIRECTOR NOT PAID BY FOUNDATION 1.0 9.0 X 0 147500 0 Daniel S Fisher General Counsel/Corp Secretary Not Paid by Foundation 0.0 50.0 X 0 516779 50781 Gregory A Van Guilder CFO not paid by Foundation 0.0 56.0 X 0 852414 59520 Sarah Kirschenbaum Program Director-College Readiness/Retention 43.0 0 X 106379 0 18662 Kyle A Miller Sr Program Director-Teacher Dev & Eval 45.0 0 X 159958 0 24996 Margaret M Snyder Program Analyst 45.0 0 X 80480 0 21176 Jennifer E Zeisler Program Director-Career Readiness 49.0 0 X 121327 0 20444 Alissa Binner Executive Assistant-LA Office 46.0 0 X 102087 0 21542 March H Kessler Former Executive Director 0.0 41.0 X 0 189161 29571 Richard J Boyle Former DIRECTOR/CEO/PRESIDENT NOT PAID BY FOUNDATION 0.0 0.0 X 0 15889 0 ROBERT STEIN Former Director not paid by Foundation 0.0 0.0 X 0 60000 0 1162758 3867141 451556 5 true true false 0 274374500 250000000 274374500 0 0 0 0 0 1306067 1306067 0 0 0 0 Grants awarded and accrued in 2015; cancelled in 2016 813211 1007198 1007198 Proceeds from 2015 refundable cancelled/overfunded grants 813211 106894 106894 0 0 0 0 1114092 276794659 1114092 0 1306067 27973197 27973197 634733 634733 734520 548697 185823 69150 51708 17442 73015 55155 17860 43540 32558 10982 24990 24990 533143 533143 455869 0 455869 0 51187 10044 41143 1999 1999 188997 154634 34363 271964 271964 39131 2500 36631 74855 61245 13610 5195 5195 Miscellaneous Expense 1441 1441 0 0 0 0 31176926 28889738 2287188 0 12655239 14617115 0 0 700 902 0 0 0 0 0 0 0 9005 14103 273689 65283 261062 208406 353051168 637358216 0 0 0 0 136681 365977174 652335423 279086 219981 6471473 13180027 324989 109007 7075548 13509015 X 358901626 638826408 358901626 638826408 365977174 652335423 245617733 34307049 0 X false true X true X X 2 EDUCATIONAL CREDIT Management Corporation 411778617 9 true 23347533 0 Zenith Education Group Inc 472237488 2 true 7829393 0 2 31176926 0 true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 273689 65283 208406 208406 Investment in ECMC Group Investment Pool 637358216 F 637358216 Due To ECMC Group, Inc. Due To Educational Credit Management Corporation 109007 109007 X 309987616 34307049 0 34307049 275680567 1114092 1114092 276794659 30062834 0 0 30062834 1114092 1114092 31176926 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 true Zenith Education Group Inc 5 Hutton Center Drive Suite 500 Santa Ana CA 92707 472237488 501(c)(3) 7829393 Mission & Campaign for Innovation 4 Paws For Ability Inc 253 Dayton Ave Xenia OH 45385 311625484 501(c)(3) 50000 Program Support ABOUT KIDZ 9276 Greenback Lane Orangevale CA 95662 800683387 501(c)(3) 31500 Education Support ACHIEVING THE DREAM 8403 Colesville Rd 450 Silver Spring MD 20910 271635830 501(c)(3) 400000 Career Readiness ALAMEDA COUNTY OFFICE OF EDUCATION 313 West Winton Road Hayward CA 94544 946002421 501(c)(3) 10000 General Support ALASKA NATIVE TRIBAL HEALTH CONSORTIUM 4000 Ambassador Drive Anchorage AK 99508 920162721 501(c)(3) 200000 Career Readiness ALEXANDRIA CITY PUBLIC SCHOOLS 1340 Braddock Place Suite 610 Alexandria VA 22314 School 25000 General Support Amy Biehl High School 123 4th Street SW Albuquerque NM 87102 School 15000 Education Support ASIAN AMERICANS ADVANCING JUSTICE 1145 Wilshire Blvd 2nd Floor Los Angeles CA 90017 953854152 501(c)(3) 75000 Program Support AVENUES FOR HOMELESS YOUTH 1708 Oak Park Ave N Minneapolis MN 55411 411765140 501(c)(3) 28750 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) 149050 College Success Big Picture Philadelphia 126 W Dauphin Street Philadelphia PA 19133 261413610 501(c)(3) 72562 Teacher and Leader Development Board of Education 1250 Foster Ave Nashville TN 37210 620717138 501(c)(3) 42000 General Support BOYS II MEN INC 4850 Guion Road Indianapolis IN 46254 352133391 501(c)(3) 50000 Education Support BRIGHT PROSPECT 1460 E Holt Avenue Suite 74 Pomona CA 91767 522363234 501(c)(3) 300000 College Success Buck Institute for Education 18 Commercial Blvd Novato CA 94949 680160429 501(c)(3) 540000 Teacher and Leader Development Burwen Education Foundation 431 Calderon Ave Mountain View CA 94041 770560492 501(c)(3) 10000 General Support BUTLER UNIVERSITY 4600 Sunset Ave Indianapolis IN 46208 350867977 501(c)(3) 21000 Program Support BUTTE COMMUNITY COLLEGE FOUNDATION 3536 Butte Campus Dr Oroville CA 95965 943153995 501(c)(3) 100000 Career Readiness CAMPAIGN FOR FREE COLLEGE TUITION 3820 Meridian Ave N Seattle WA 98103 465011569 501(c)(3) 25000 College Success Center for Educational Excellence in Alternative Settings 1361 Locust Road NW Washington DC 20012 460757820 501(c)(3) 531063 Teacher and Leader Development Center for Leadership Development Inc 2425 Dr Martin Luther King Jr St Indianapolis IN 46208 351389882 501(c)(3) 21000 General Support CENTREVILLE LAYTON SCHOOL INC 6201 Kennett Pike Centreville DE 19807 510232858 501(c)(3) 10000 General Support CHILDREN'S CASTLE THEATER 8442 17th Ave S Bloomington MN 55425 411696284 501(c)(3) 16100 General Support CIVIC NATION 1120 G Street NW Suite 990 Washington DC 20005 473576918 501(c)(3) 50000 College Success College and Community Fellowship 475 Riverside Dr 1626 New York NY 10115 311720017 501(c)(3) 260500 Career Readiness COLLEGE FORWARD 505 E Huntland Dr Suite 315 Austin TX 78752 422003552 501(c)(3) 445000 College Success COLLEGE SUMMIT INC 1763 Columbia Rd NW Second Floor Washington DC 20009 522007028 501(c)(3) 300000 College Success COMMUNITY LIFE LINE CHRISTIAN BLOSSOM PROGRAM 3929 Millersville Road Indianapolis IN 46205 351489090 501(c)(3) 21000 Program Support CORO SOUTHERN CALIFORNIA 1000 N Alameda Street Suite 240 Los Angeles CA 90012 954274561 501(c)(3) 42500 General Support & Sponsorship Council For Adult and Experiential Learning 55 E Monroe Suite 2710 Chicago IL 60603 132890752 501(c)(3) 798636 Career Readiness CRHS Sacramento Work Study Inc 1430 N Street Room 3705 Sacramento CA 95814 412191660 501(c)(3) 50000 Program Support CRISTO REY JESUIT HIGH SCHOOL CA 8475 Jackson Road Sacramento CA 95826 412191660 501(c)(3) 24750 Program Support Da Vinci Schools 13500 Aviation Blvd Hawthorne CA 90250 263405843 501(c)(3) 62830 Teacher and Leader Development DANCING THROUGH THE CURRICULUM 904 26th Ave N Nashville TN 37208 461078466 501(c)(3) 28000 Program Support DAYSPRING CENTER INC 1537 Central Ave Indianapolis IN 46202 351618998 501(c)(3) 48500 General Support EdVisions Schools Inc 305 Main Street Henderson MN 56044 411983677 501(c)(3) 137500 Teacher and Leader Development EL Education 247 W 35th Street New York NY 100011901 061576405 501(c)(3) 1480501 Teacher and Leader Development Elk Grove Unified School District 8333 Kingsbridge Drive Sacramento CA 95829 946002501 School 65250 Education Support ENCORPS INC 2121 Avenue of the Stars Suite 2020 Los Angeles CA 90067 383771471 501(c)(3) 15000 Teacher and Leader Development ENCUENTROS LEADERSHIP OF NORTHERN SAN DIEGO 200 Kalmus Drive Costa Mesa CA 92628 208684576 501(c)(3) 10000 General Support ENLISTED ASSOCIATION OF THE NATIONAL GUARD OF THE UNITED STATES 3133 Mount Vernon Avenue Alexandria VA 22305 510207315 501(c)(3) 20000 General Support FRIENDSHIP FREE LIBRARY 40 West Main Friendship NY 14739 160779298 501(c)(3) 50000 Program Support GENESEE CENTER FOR THE ARTS AND EDUCATION 713 Monroe Ave Rochester NY 14607 161000729 501(c)(3) 50000 Program Support Girls Inc of Greater Indianapolis 3935 N Meridian Street Indianapolis IN 46208 351337205 501(c)(3) 38500 College Success & Career Readiness GRADGURU 1150 25th Street Suite 120 San Francisco CA 94107 454898226 501(c)(3) 150000 College Success GREEN TECHNICAL EDUCATION AND EMPLOYMENT 7485 Rush River Dr Sacramento CA 95831 270595012 501(c)(3) 33750 Education Support I HAVE A DREAM FOUNDATION - LOS ANGELES 3580 Wilshire Blvd Suite 720 Los Angeles CA 90010 954089758 501(c)(3) 30000 General Support Indiana University - Lilly School of Philanthropy University Hall Suite 3000 301 N University Boulevard Indianapolis IN 462025146 356001673 501(c)(3) 10000 Program Support INSTITUTE FOR WOMEN'S POLICY RESEARCH 1200 18th Street NW Suite 301 Washington DC 20036 521549572 501(c)(3) 375000 Career Readiness JACK KENT COOKE FOUNDATION 44325 Woodridge Pkwy Lansdowne VA 20176 541896244 501(c)(3) 400000 College Success JOBS FOR AMERICA'S GRADUATES INC 1729 King Street Suite 100 Alexandria VA 22314 521194546 501(c)(3) 10000 Sponsorships JOBS FOR THE FUTURE INC 88 Broad Street 8th Floor Boston MA 02110 061164568 501(c)(3) 300000 Career Readiness Just-A-Start Corporation 1035 Cambridge St 12 Cambridge MA 02141 237121174 501(c)(3) 59928 Career Readiness LEADERSUP 830 Traction Avenue 3A Hub Los Angeles CA 90013 462606773 501(c)(3) 750000 Career Readiness Loyola Marymount University 1 LMU Drive Suite 4119 Los Angeles CA 90045 951643334 501(c)(3) 10000 Program Support LUTHERAN METROPOLITAN MINISTRY 4515 Superior Avenue Cleveland OH 44103 341043756 501(c)(3) 150000 Career Readiness MAPLEWOOD MIDDLE SCHOOL 2410 Holloway Ave Maplewood MN 55109 416008435 Middle School 50000 Financial Support for School MassChallenge Inc 31 St James Avenue Suite 920 Boston MA 02116 270382989 501(c)(3) 485000 Teacher and Leader Development MDC INC 307 West Main Street Durham NC 27701 560894222 501(c)(3) 137000 College Success MDRC 16 East 34 Street 19th Floor New York NY 100164326 237379473 501(c)(3) 350000 Career Readiness MERISTEM 9200 Fair Oaks Blvd Fair Oaks CA 95628 471411177 501(c)(3) 25000 Program Support MILLS MIDDLE SCHOOL 10439 Coloma Road Rancho Cordova CA 95670 946002505 Middle School 50000 Financial Support for School MOUNT OF OLIVES LUTHERAN CHURCH 24851 Chrisanta Drive Mission Viejo CA 92691 952478898 501(c)(3) 31500 Program Support National College Access Network 1001 Connecticut Ave NW 300 Washington DC 20036 311793562 501(c)(3) 400000 College Success New Mexico Center for School Leadership FatPipe Co-working Space 200 Broadway Blvd NE Albuquerque NM 87102 473717716 501(c)(3) 1299155 Teacher and Leader Development NEW MEXICO SCHOOL FOR THE ARTS 275 E Alameda Street Santa Fe NM 87501 264764395 501(c)(3) 10000 General Support New Mexico Wildlife Center Inc 19 Wheat Street Espanola NM 87532 850346210 501(c)(3) 25000 Education Grant NEW PROFIT INC 200 Clarendon Street 29th Floor Boston MA 02116 043396766 501(c)(3) 1500000 College Success & Career Readiness New Tech Network 1250 Main Street Suite 100 Napa CA 94559 270845123 501(c)(3) 147040 Teacher and Leader Development NORTHSIDE ACHIEVEMENT ZONE 2123 West Broadway Ave Minneapolis MN 55411 300238807 501(c)(3) 25000 Sponsorships ONEGOAL 215 W Superior Street 700 Chicago IL 60654 562369898 501(c)(3) 400000 College Success PEOPLE INCORPORATED 2060 Centre Pointe Blvd St Paul MN 55120 410962296 501(c)(3) 28750 General Support PEOPLE SERVING PEOPLE CHARITIES 614 Third Street South Minneapolis MN 55415 411965067 501(c)(3) 20700 General Support PROJECT SELF-SUFFICIENCY FOUNDATION 18041 Goldenwest Street Huntington Beach CA 92648 330597719 501(c)(3) 378977 Career Readiness PUBLIC POLICY INSTITUTE OF CALIFORNIA 500 Washington Street Suite 600 San Francisco CA 94111 943207299 501(c)(3) 135157 Career Readiness & General Support ROADTRIP PRODUCTION LTD 1626 Placentia Ave Costa Mesa CA 92627 043615743 501(c)(3) 850000 Career Readiness SIERRA FOREVER FAMILIES 8928 Volunteer Lane Suite 100 Sacramento CA 95826 680002878 501(c)(3) 38250 General Support SISTER CITIES OF NASHVILLE INC PO Box 120555 Nashville TN 37212 581959113 501(c)(3) 17000 Program Support SOLEDAD O'BRIEN 134 West 26th Street Suite 1150 New York NY 10001 452440475 501(c)(3) 10000 Sponsorships SOUTH HIGH FOUNDATION 3131 19th Ave S Minneapolis MN 55407 411506266 501(c)(3) 28500 Program Support Teachers College Columbia University 525 West 120th Street Box 21 47C Horace Mann New York City NY 10027 131624202 501(c)(3) 250000 College Success TELACU EDUCATION FOUNDATION 5400 E Olympic Blvd Third Floor Los Angeles CA 90022 954384333 501(c)(3) 75000 College Success THE ANTI-RECIDIVISM COALITION 448 S Hill Street Suite 908 Los Angeles CA 90013 462140915 501(c)(3) 150000 Career Readiness THE ASPEN INSTITUTE INC One DuPont Circle NW Suite 700 Washington DC 200361133 840399006 501(c)(3) 550000 Career Readiness The Bottom Line Inc 15 Milk Street 16th Floor Boston MA 02109 043351427 501(c)(3) 500000 College Success THE CAMPAIGN FOR COLLEGE OPPORTUNITY 714 W Olympic Blvd Los Angeles CA 90015 200427622 501(c)(3) 150000 College Success THE COLLEGE CRUSADE OF RHODE ISLAND 34 Thurbers Ave 11 Providence RI 02905 223031765 501(c)(3) 250000 College Success THE EQUITY PROJECT CHARTER SCHOOL 549 Audubon Avenue Trailer 30 New York NY 10040 900354470 501(c)(3) 25000 General Support The Lift Community Development Corporation 925 Payne Ave Ste 204 St Paul MN 55130 204130979 501(c)(3) 20700 General Support THE OPPORTUNITY INSTITUTE 2001 Center Street Suite 500 Berkeley CA 94704 473888926 501(c)(3) 600000 Career Readiness UCLA UCLA External Affairs Box 951590 Wilshire Center Suite 900 Los Angeles CA 900951590 956006143 501(c)(3) 30000 Program Support UCLA BLACK ALUMNI ASSOCIATION PO Box 83422 Los Angeles CA 90083 954135384 501(c)(3) 10000 Program Support UNITE-LA INC 350 S Bixel St Los Angeles CA 90017 820576380 501(c)(3) 50000 General Support UNIVERSITY OF CALIFORNIA MERCED 5200 Lake Rd Merced CA 95343 270093858 501(c)(3) 150000 College Success UNIVERSITY OF CALIFORNIA RIVERSIDE 900 University Ave Riverside CA 92521 237433570 501(c)(3) 120000 College Success UNIVERSITY OF NEW MEXICO 1 University of New Mexico Albuquerque NM 87131 856000642 501(c)(3) 440000 College Success UNIVERSITY OF PENNSYLVANIA 3819 Chestnut Street St Leonards Court Suite 140 Philadelphia PA 19104 231352685 501(c)(3) 370644 College Success University of Washington Bothell 18115 Campus Way NE Education Box 358531 Bothell WA 98011 916001537 501(c)(3) 149485 Teacher and Leader Development URBAN VENTURES LEADERSHIP FOUNDATION 2924 4th Avenue South Minneapolis MN 55408 363558710 501(c)(3) 30000 General Support USC ROSSIER SCHOOL OF EDUCATION 3470 Trousdale Pkwy Waite Phillips Hall Suite 1100 Los Angeles CA 900890031 951642394 501(c)(3) 10000 General Support WO Smith Nashville Community Music School 1125 8th Avenue South Nashville TN 37203 581560499 501(c)(3) 13000 Program Support YEAR UP INC 45 Milk Street 9th Floor Boston MA 02109 043534407 501(c)(3) 750000 Career Readiness 103 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Helping low-income students pursue higher education is core to ECMC Foundation's mission. ECMC Foundation closely monitors the use of the cash grants to 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. X true true X X X X false true false false true false true false false Peter J Taylor Foundation President & Director and Zenith CEO & President (effective 08-01-16) 478163 0 111958 0 2405 0 31800 119661 10406 0 634733 119661 11856 0 Richard J Boyle Former DIRECTOR/CEO/PRESIDENT NOT PAID BY FOUNDATION 0 0 0 0 0 15889 0 0 0 0 0 15889 0 0 ROBERT STEIN Former Director not paid by Foundation 0 60000 0 0 0 0 0 0 0 0 0 60000 0 0 David L Hawn Group CEO & Director Not Paid by Foundation 0 519553 0 560722 0 3624 0 23850 0 19148 0 1126896 0 44472 JOHN DEPODESTA Board Chair not paid by Foundation 0 183000 0 0 0 0 0 0 0 0 0 183000 0 0 JAMES MCKEON DIRECTOR NOT PAID BY FOUNDATION 0 167500 0 0 0 0 0 0 0 0 0 167500 0 0 Daniel S Fisher General Counsel/Corp Secretary Not Paid by Foundation 0 311679 0 199457 0 5642 0 31800 0 18981 0 567560 0 19052 Gregory A Van Guilder CFO not paid by Foundation 0 455680 0 393608 0 3126 0 31800 0 27720 0 911934 0 35531 March H Kessler Former Executive Director 0 143094 0 43601 0 2465 0 22698 0 6873 0 218732 0 0 Kyle A Miller Sr Program Director-Teacher Dev & Eval 158449 0 101 0 1407 0 19123 0 5873 0 184953 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Certain taxable benefits are grossed up to make the employee whole. This has been approved by the board of directors. Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation As noted in Part VII of Form 990 and Schedule J, Part II, the only Executive Officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other Executive Officers' compensation was paid by related organizations. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan ECMC Group, Inc. maintains a supplemental nonqualified retirement plan described in section 457(f), and a Supplemental Employee Retirement Plan (SERP), to attract and retain employees, typically in management positions. In 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. Richard J Boyle Mr. Boyle is a director and president of a company contracted with ECMC Group, Inc., a related org. 180000 See Description of Transaction in Part V false Schedule L, Part IV, Column (d) Description of Transaction 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. X Investment-Fractional interest 1 250000000 Market value 0 false false false 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. 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. 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 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 false true true false false false false false false false false false false true false true false false false 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.