ECMC EDUCATION INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- ECMC EDUCATION INC (EIN 47-2237488)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-15
- IRS object ID
- 202513199349302056
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-15T10:33:10-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 N 5TH ST SUITE 600 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 472237488 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECMC EDUCATION INC | 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 AVE SO 1400 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARTIN A SCANLON | PersonNm |
| Person Title | CFO & TREASURER | PersonTitleTxt |
| Phone | 6512210566 | PhoneNum |
| Signature | 2025-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SOPHIE R KING | PreparerPersonNm |
| PTIN | P02233384 | PTIN |
| Phone | 6123055000 | PhoneNum |
| Preparation | 2025-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DANIEL S FISHER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WASHINGTON AVE SO 1400 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $14,039,865 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ECMCEDUCATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CARRERS AND COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 7 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $18,983,184 | PYContributionsGrantsAmt |
| CY Contributions Grants | $9,600,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $386,025 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $977,091 | PYInvestmentIncomeAmt |
| CY Investment Income | $130,821 | CYInvestmentIncomeAmt |
| PY Other Revenue | $11,244,418 | PYOtherRevenueAmt |
| CY Other Revenue | $4,309,044 | CYOtherRevenueAmt |
| PY Total Revenue | $31,590,718 | PYTotalRevenueAmt |
| CY Total Revenue | $14,039,865 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $47,329 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,251,067 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $287,519 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,560,385 | PYOtherExpensesAmt |
| CY Other Expenses | $4,263,488 | CYOtherExpensesAmt |
| PY Total Expenses | $12,858,781 | PYTotalExpensesAmt |
| CY Total Expenses | $4,551,007 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $18,731,937 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $9,488,858 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,890,322 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,944,520 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,550,095 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,115,435 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$22,659,773 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$13,170,915 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ECMC EDUCATION, INC.'S MISSION IS TO TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CAREERS AND COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $583,148 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | INSTRUCTION AND STUDENT SERVICES:ECMC EDUCATION OFFERED CAREER AND TECHNICAL EDUCATION OPPORTUNITIES WITH AN EMPHASIS IN ALLIED HEALTH AND TRADES. ON MARCH 31, 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. AND ALL THREE OF ITS ALTIERUS SCHOOLS WAS APPROVED BY THE ECMC GROUP, INC. BOARD OF DIRECTORS. THE TEACH-OUTS WERE COMPLETED DURING 2023 WITH RELATED EXPENSES BEING SETTLED THROUGH 2027. ECMC EDUCATION, INC. NO LONGER ENROLLS ANY STUDENTS AS OF DECEMBER 31, 2023. THE CHANGE IS PART OF ECMC GROUP, INC.'S PLAN TO CONCENTRATE PRIMARILY ON ITS EDUCATIONAL CREDIT MANAGEMENT CORPORATION GUARANTOR-RELATED ACTIVITIES, ECMC FOUNDATION AND EDUCATION IMPACT INVESTING. | Desc |
| Total Program Service Expenses | $583,148 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 10 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 7 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARTIN A SCANLON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6512210566 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WASHINGTON AVE SO STE 1400 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 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 |
|---|---|---|---|---|---|---|---|---|---|
| DANIEL FISHER | |||||||||
| PRESIDENT & CEO, ECMC GROUP | 0.00 | 40.00 | Yes (X) | Yes (X) | $0 | $1,373,427 | $130,325 | ||
| JAMES V MCKEON | |||||||||
| DIRECTOR | 0.00 | 17.00 | Yes (X) | $0 | $197,500 | $0 | |||
| DIANA J INGRAM | |||||||||
| DIRECTOR | 0.00 | 10.00 | Yes (X) | $0 | $151,250 | $0 | |||
| JACK O'CONNELL | |||||||||
| DIRECTOR | 0.00 | 9.00 | Yes (X) | $0 | $135,000 | $0 | |||
| JULIA S GOUW | |||||||||
| DIRECTOR | 0.00 | 8.00 | Yes (X) | $0 | $155,000 | $0 | |||
| DEREK LANGHAUSER | |||||||||
| DIRECTOR | 0.00 | 9.00 | Yes (X) | $0 | $127,500 | $0 | |||
| JAMES RUNCIE | |||||||||
| DIRECTOR | 0.00 | 10.00 | Yes (X) | $0 | $135,000 | $0 | |||
| JENNIFER ANDERSON | |||||||||
| DIRECTOR | 0.00 | 9.00 | Yes (X) | $0 | $138,750 | $0 | |||
| K PAUL SINGH | |||||||||
| BOARD CHAIR | 0.00 | 13.00 | Yes (X) | $0 | $145,000 | $0 | |||
| BRIAN BOARDMAN | |||||||||
| GENERAL COUNSEL & CORP SECRETARY | 0.00 | 40.00 | Yes (X) | $0 | $520,510 | $91,781 | |||
| MARTIN SCANLON | |||||||||
| CFO & TREASURER | 0.00 | 40.00 | Yes (X) | $0 | $903,005 | $108,170 | |||
| JACOB KASSUBA | |||||||||
| VP, CAMPUS OPERATIONS-THRU 5/18 | 40.00 | 0.00 | Yes (X) | $365,471 | $0 | $20,184 | |||
| JONI KURLAND | |||||||||
| VP, ACCRED & CAMPUS COMPL-THRU 1/13 | 40.00 | 0.00 | Yes (X) | $212,563 | $0 | $1,904 | |||
| NIKITI HARP | |||||||||
| DIR, CAREER SERVICES-THRU 4/20 | 40.00 | 0.00 | $108,649 | $0 | $10,238 | Yes (X) | |||
| JEREMY WHEATON | |||||||||
| FORMER PRESIDENT & CEO, ECMC GROUP | 0.00 | 0.00 | $0 | $19,539 | $0 | Yes (X) | |||
| JOHN F DEPODESTA | |||||||||
| FORMER BOARD CHAIR | 0.00 | 0.00 | $0 | $60,000 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $686,683 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $4,061,481 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $362,602 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHESTNUT RIDGE CONSTRUCTION INC | |||||
| 407 HOLLISTER LANE | NEW ALEXANDRIA | PA | 15670 | FACILITY SERVICES | $1,212,432 |
| JONES LANG LASALLE AMERICAS INC | |||||
| 71700 TREASURY CTR LOCKBOX 33845 | CHICAGO | IL | 60694 | FACILITY SERVICES | $442,095 |
| ALLIED UNIVERSAL SECURITY SERVICES | |||||
| PO BOX 828854 | PHILADELPHIA | PA | 19182 | GUARD & SECURITY MONITORING SERVICES | $178,905 |
| ENCOTECH SERVICES LLC | |||||
| 2563 CONNECTION PT | OVIEDO | FL | 32765 | FACILITY SERVICES | $102,030 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $9,600,000 | RelatedOrganizationsAmt |
| Total Contributions | $9,600,000 | TotalContributionsAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $130,821 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $130,821 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $130,821 | TotalRevenueColumnAmt |
| Exclusion | $130,821 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| LIQUIDATION ADJUSTMENT | 900099 | $4,237,917 | $4,237,917 |
| UTILITY REFUNDS | 900099 | $49,398 | $49,398 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,729 | TotalRevenueColumnAmt |
| Exclusion | $21,729 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,309,044 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,039,865 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,439,865 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,495 | TotalAmt |
| Program Services | $158,829 | ProgramServicesAmt |
| Management And General | $14,666 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,526 | TotalAmt |
| Management And General | $69,526 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,110 | TotalAmt |
| Program Services | $2,308 | ProgramServicesAmt |
| Management And General | $802 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,780 | TotalAmt |
| Program Services | $23,958 | ProgramServicesAmt |
| Management And General | $15,822 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,608 | TotalAmt |
| Program Services | $1,608 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,274 | TotalAmt |
| Management And General | $2,274 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,450 | TotalAmt |
| Management And General | $32,450 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $337,427 | TotalAmt |
| Program Services | $332,682 | ProgramServicesAmt |
| Management And General | $4,745 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,748 | TotalAmt |
| Program Services | $12,186 | ProgramServicesAmt |
| Management And General | $18,562 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,081 | TotalAmt |
| Management And General | $100,081 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,311 | TotalAmt |
| Program Services | $4,311 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,057 | TotalAmt |
| Management And General | $8,057 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,700 | TotalAmt |
| Program Services | $5,700 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,766 | TotalAmt |
| Management And General | $2,766 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,349 | TotalAmt |
| Program Services | $38,349 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | IMPAIRMENT | Desc |
| Total | $3,696,852 | TotalAmt |
| Management And General | $3,696,852 | ManagementAndGeneralAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,473 | TotalAmt |
| Program Services | $3,217 | ProgramServicesAmt |
| Management And General | $1,256 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,551,007 | TotalAmt |
| Program Services | $583,148 | ProgramServicesAmt |
| Management And General | $3,967,859 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,434,264 | BOYAmt |
| EOY | $1,987,756 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,456,058 | BOYAmt |
| EOY | $956,764 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,890,322 | BOYAmt |
| EOY | $2,944,520 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,635,253 | BOYAmt |
| EOY | $131,331 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,914,842 | BOYAmt |
| EOY | $15,984,104 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,550,095 | BOYAmt |
| EOY | $16,115,435 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$22,659,773 | BOYAmt |
| EOY | -$13,170,915 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$22,659,773 | BOYAmt |
| EOY | -$13,170,915 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,890,322 | BOYAmt |
| EOY | $2,944,520 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $9,488,858 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $56,629,859 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,292,458 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $27,213,516 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,983,184 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,600,000 | CurrentTaxYearAmt |
| Total | $147,719,017 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,861,685 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,971,906 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,279,524 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $386,025 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $61,499,140 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $77,491,544 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $59,264,364 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,493,040 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,369,209 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,600,000 | CurrentTaxYearAmt |
| Total | $209,218,157 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,784,066 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,626,736 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $26,296,902 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,959,896 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,600,000 | CurrentTaxYearAmt |
| Total | $130,267,600 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,784,066 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,626,736 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $26,296,902 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,959,896 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,600,000 | CurrentTaxYearAmt |
| Total | $130,267,600 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $78,950,557 | PublicSupportTotal509Amt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $32,065 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,166 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,612 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,244,418 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,309,044 | CurrentTaxYearAmt |
| Total | $15,597,305 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $77,523,609 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $59,273,530 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,495,652 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $30,613,627 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,909,044 | CurrentTaxYearAmt |
| Total | $224,815,462 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.35120 | PublicSupportCY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RIGHT OF USE ASSET | $956,476 |
| DUE FROM ECMC SHARED SERVICES COMPANY, LLC | $288 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $956,764 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE INCENTIVE OBLIGATION | $15,979,772 |
| DUE TO ECMC GROUP, INC. | $4,331 |
| DUE TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION | $1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $15,984,104 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ECMC EDUCATION, INC. IS A NONPROFIT 501(C)(3) CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR TEMPORARY DIFFERENCES THAT WILL RESULT IN TAXABLE AMOUNTS IN FUTURE YEARS. DEFERRED TAX ASSETS ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND TAX OPERATING LOSS AND TAX CREDIT CARRY FORWARDS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. WITH FEW EXCEPTIONS, ECMC EDUCATION, INC. AND RELATED AFFILIATES ARE NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2020. | 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 (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | Yes (1) | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | Yes (1) | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DANIEL FISHER | ||||||||||||||
| PRESIDENT & CEO, ECMC GROUP | $0 | $575,192 | $0 | $769,206 | $0 | $29,029 | $0 | $90,656 | $0 | $39,669 | $0 | $1,503,752 | $0 | $0 |
| MARTIN SCANLON | ||||||||||||||
| CFO & TREASURER | $0 | $416,394 | $0 | $459,850 | $0 | $26,761 | $0 | $73,791 | $0 | $34,379 | $0 | $1,011,175 | $0 | $23,000 |
| BRIAN BOARDMAN | ||||||||||||||
| GENERAL COUNSEL & CORP SECRETARY | $0 | $334,254 | $0 | $175,875 | $0 | $10,381 | $0 | $48,740 | $0 | $43,041 | $0 | $612,291 | $0 | $7,855 |
| JACOB KASSUBA | ||||||||||||||
| VP, CAMPUS OPERATIONS-THRU 5/18 | $76,853 | $0 | $78,976 | $0 | $209,642 | $0 | $3,537 | $0 | $16,647 | $0 | $385,655 | $0 | $0 | $0 |
| JONI KURLAND | ||||||||||||||
| VP, ACCRED & CAMPUS COMPL-THRU 1/13 | $12,692 | $0 | $0 | $0 | $199,871 | $0 | $1,904 | $0 | $0 | $0 | $214,467 | $0 | $0 | $0 |
| JAMES V MCKEON | ||||||||||||||
| DIRECTOR | $0 | $197,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $197,500 | $0 | $0 |
| JULIA S GOUW | ||||||||||||||
| DIRECTOR | $0 | $155,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $155,000 | $0 | $0 |
| DIANA J INGRAM | ||||||||||||||
| DIRECTOR | $0 | $151,250 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $151,250 | $0 | $0 |
| JOHN F DEPODESTA | ||||||||||||||
| FORMER BOARD CHAIR | $0 | $60,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $60,000 | $0 | $0 |
| JEREMY WHEATON | ||||||||||||||
| FORMER PRESIDENT & CEO, ECMC GROUP | $0 | $0 | $0 | $0 | $0 | $19,539 | $0 | $0 | $0 | $0 | $0 | $19,539 | $0 | $19,539 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| PART I, LINES 4A-B | LINE 4A - SEVERANCE OR CHANGE-OF-CONTROL PAYMENT: THE FOLLOWING RECEIVED A SEVERANCE PAYMENT IN 2024: JACOB KASSUBA - $186,971 JONI KURLAND - $180,750 NIKITI HARP - $54,693 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 2024, DANIEL FISHER AND MARTIN SCANLON PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $61,995 AND $9,391, RESPECTIVELY. |
| PART I, LINE 5 | 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. |
| PART I, LINE 6 | ECMC GROUP, INC.'S ANNUAL OFFICER INCENTIVE PLAN REQUIRES ACHIEVEMENT OF STATED KEY PERFORMANCE METRICS, WHICH INCLUDES NET EARNINGS, BEFORE ANY PAYMENT TO ANY OFFICER IS MADE. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ECMC EDUCATION, INC. HAS ONE MEMBER. THE MEMBER IS ECMC GROUP, INC. A DELAWARE, NONSTOCK, NONPROFIT CORPORATION EXEMPT UNDER SECTION 501(C)(3). THERE ARE NO STOCKHOLDERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ECMC GROUP, INC. HAS THE RIGHT TO ELECT AND/OR APPROVE ALL THE DIRECTORS OF THE ECMC EDUCATION, INC. BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | ECMC GROUP, INC., THE SOLE MEMBER OF ECMC EDUCATION, INC., RETAINS THE FOLLOWING AUTHORITY OVER ECMC EDUCATION, INC.: 1. TO AUTHORIZE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. 2. TO APPROVE THE STRATEGIC AND FINANCIAL PLANS. 3. TO ELECT AND/OR APPROVE THE MEMBERS OF THE BOARD OF DIRECTORS. 4. TO OVERSEE COORDINATION OF PROGRAMS AND SERVICES OFFERED. 5. TO AUTHORIZE FORMATION, GOVERNANCE AND DISSOLUTION. |
| FORM 990, PART VI, SECTION B, LINE 11B | 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, SECTION B, LINE 12C | OFFICERS, DIRECTORS AND ALL EMPLOYEES ARE REQUIRED TO REAFFIRM ON AN ANNUAL BASIS THEIR UNDERSTANDING OF THE COMPANY'S CONFLICT OF INTEREST POLICY. THE AFFIRMATION SPECIFICALLY REFERENCES THAT THE INDIVIDUAL WILL COMPLY WITH THE DIRECTIVES OF THE CONFLICT OF INTEREST POLICY. OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE ALSO REQUIRED TO COMPLETE AN ANNUAL FORM 990 RELATIONSHIP DISCLOSURE DOCUMENT TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. FINALLY, THE COMPANY'S VENDOR PROCUREMENT PROCESS INCLUDES QUESTIONS OF BUSINESS UNIT CONTRACT OWNERS TO DETERMINE IF ANY CONFLICTS OF INTEREST MAY EXIST. MONITORING AND ENFORCEMENT OF THE POLICY ARE ACCOMPLISHED THROUGH THE POLICY REAFFIRMATION PROCESS, AFFIRMATIVE DISCLOSURE REQUESTS AND THE POLICY REQUIREMENT THAT ALL CONFLICTS OF INTEREST BE REPORTED. IN CASES WHERE A POTENTIAL CONFLICT EXISTS AT THE OFFICER AND KEY EMPLOYEE LEVELS, THE ISSUE IS DISCLOSED TO THE INDIVIDUAL'S SUPERVISOR, GENERAL COUNSEL, AND/OR VICE PRESIDENT, DEPUTY GENERAL COUNSEL. FOR POTENTIAL CONFLICTS INVOLVING DIRECTORS, THE DISCLOSURE IS MADE TO THE BOARD (OR APPLICABLE COMMITTEE). THE DIRECTOR WILL BE REQUIRED TO EXCUSE THEMSELVES FROM DELIBERATION AND VOTING ON MATTERS FOR WHICH THEY MAY HAVE A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE GOVERNANCE & COMPENSATION COMMITTEE OF THE ECMC GROUP, INC. (ECMC EDUCATION, INC.'S PARENT ORGANIZATION) BOARD OF DIRECTORS IS WHOLLY COMPRISED OF INDEPENDENT, OUTSIDE DIRECTORS. IN 2024, THE COMMITTEE RETAINED EXECUTIVE COMPENSATION EXPERTS FROM PEARL MEYER, A GLOBAL COMPENSATION CONSULTING ORGANIZATION, THROUGH ARNOLD & PORTER KAYE SCHOLER LLP TO IDENTIFY APPROPRIATE CEO AND SENIOR EXECUTIVE COMPENSATION PACKAGES. ARNOLD & PORTER KAYE SCHOLER LLP PROVIDED AN OPINION ON THE REASONABLENESS OF THIS COMPENSATION. THE MARKET ANALYSIS PERFORMED BY PEARL MEYER FOR ARNOLD & PORTER KAYE SCHOLER 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, SECTION C, LINE 19 | DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUIRED BY LAW. |
| FORM 990, PART VII, SECTION A: | JOHN DEPODESTA, A FORMER DIRECTOR, HAD A CONSULTING AGREEMENT IN 2024. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ECMC GROUP INC | |||||||||||
| 111 WASHINGTON AVE S STE 1400 | MINNEAPOLIS | MN | 55401 | 411991995 | EDUCATION FINANCE | DE | 501(C)(3) | LINE 12B TYPE II | N/A | 0 | |
| EDUCATIONAL CREDIT MANAGEMENT CORPORATION | |||||||||||
| 111 WASHINGTON AVE S STE 1400 | MINNEAPOLIS | MN | 55401 | 411778617 | GUARANTOR | MN | 501(C)(3) | LINE 10 | 0 | ECMC GROUP INC | |
| ECMC FOUNDATION | |||||||||||
| 111 WASHINGTON AVE S STE 1400 | MINNEAPOLIS | MN | 55401 | 411990628 | PROMOTE EDUCATION | DE | 501(C)(3) | LINE 12B TYPE II | 0 | ECMC GROUP INC | |
| ECMC REVENUE MANAGEMENT CORPORATION | |||||||||||
| 111 WASHINGTON AVE S STE 1400 | MINNEAPOLIS | MN | 55401 | 831761663 | STUDENT LOAN DEFAULT RESOLUTION | DE | 501(C)(3) | LINE 10 | 0 | EDUCATIONAL CREDIT MANAGEMENT CORPORATION | |
| ECMC SERVICES INC | |||||||||||
| 111 WASHINGTON AVE S STE 1400 | MINNEAPOLIS | MN | 55401 | 831763915 | STUDENT LOAN REPAYMENT SERVICES | DE | 501(C)(3) | LINE 10 | 0 | ECMC GROUP INC | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (30 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 503 WWS INVESTORS LLC | ||||||||||||||
| 2540 NE MARTIN LUTHER KING JR BLVD | PORTLAND | OR | 97212 | 921393452 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| CHLOE CAPITAL FUND I LP | ||||||||||||||
| 700 CASCADILLA ST STE 201 | ITHACA | NY | 14850 | 844269068 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| COLT ENERGY OPPORTUNITIES II LLC | ||||||||||||||
| 2101 CEDAR SPRINGS RD STE 1230 | DALLAS | TX | 75201 | 933370182 | INVESTMENTS | TX | N/A | 0 | 0 | |||||
| COMMONFUND CAP SECONDARIES OPP FUND | ||||||||||||||
| 15 OLD DANBURY RD | WILTON | CT | 06897 | 842082338 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| CRP VF IV GP LP | ||||||||||||||
| 1301 S MOPAC EXPY STE 125 | AUSTIN | TX | 78746 | 863644095 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| ECMC-UV CO-INVESTMENT FUND LP | ||||||||||||||
| 104 W 40TH ST STE 1600 | NEW YORK | NY | 10018 | 813873029 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| FUND D-2 A SERIES OF RIOT VENTURES | ||||||||||||||
| 313 GRAND BLVD 1079 | VENICE | CA | 90291 | 920652495 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| FUND D-3 A SERIES OF RIOT VENTURES | ||||||||||||||
| 313 GRAND BLVD 1079 | VENICE | CA | 90291 | 992314854 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| GALAHAD INVESTORS EAU CLAIRE LLC | ||||||||||||||
| 1161 WAYZATA BLVD E 195 | WAYZATA | MN | 55391 | 991926788 | INVESTMENTS | MN | N/A | 0 | 0 | |||||
| GALAHAD INVESTORS MAPLEWOOD LLC | ||||||||||||||
| 1161 WAYZATA BLVD E 195 | WAYZATA | MN | 55391 | 991935774 | INVESTMENTS | MN | N/A | 0 | 0 | |||||
| GEM MINING 4 LLC | ||||||||||||||
| 550 S MAIN ST STE 310 | GREENVILLE | SC | 29601 | 871562792 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| GENGLOBAL CORE LLC | ||||||||||||||
| 2810 N CHURCH ST PMB 85501 | WILMINGTON | DE | 19802 | 934209535 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| ONRAMP EDUC & WORKFORCE INNOV FUND I | ||||||||||||||
| 821 E WASHINGTON AVE STE 200-G | MADISON | WI | 53703 | 843999115 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| PC-1 DEVELOPERS LLC | ||||||||||||||
| 3600 MAYBERRY DR | RENO | NV | 89509 | 831603672 | INVESTMENTS | NV | N/A | 0 | 0 | |||||
| R7 FAMILY FUND LP | ||||||||||||||
| 100 S WACKER DR STE 1675 | CHICAGO | IL | 60606 | 851019413 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| RI FUND I A SERIES OF BOOST VC SPV LP | ||||||||||||||
| PO BOX 3217 | SEATTLE | WA | 98114 | 874641779 | INVESTMENTS | N/A | 0 | 0 | CJ | |||||
| SOLGEN CAPITAL PARTNERS I LP | ||||||||||||||
| 2000 PGA BLVD STE 4440 | PALM BEACH GARDENS | FL | 33408 | 921378980 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| TABOR OFFSHORE OPPORTUNITIES LTD | ||||||||||||||
| 11 E 44TH ST STE 705 | NEW YORK | NY | 10017 | INVESTMENTS | N/A | 0 | 0 | CJ | ||||||
| UP FUND I A SERIES OF BOOST VC SPV LP | ||||||||||||||
| PO BOX 3217 | SEATTLE | WA | 98114 | 851519551 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| WY FUND I A SERIES OF BOOST VC SPV LP | ||||||||||||||
| PO BOX 3217 | SEATTLE | WA | 98114 | 851519506 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| ENHANCED US EQUITY LLC | ||||||||||||||
| 75 STATE ST 31ST FL | BOSTON | MA | 02109 | 823597220 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| PANORAMIC PARTNERS LP | ||||||||||||||
| 900 LARKSPUR LANDING CIR STE 205 | LARKSPUR | CA | 94939 | 020809008 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| BF-ECMC RTL LLC | ||||||||||||||
| 1312 17TH ST STE 71618 | DENVER | CO | 80202 | 992583586 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| GOLD HYDROGEN 8090 INDUSTRIES | ||||||||||||||
| 110 E 25TH ST | NEW YORK | NY | 10010 | 992189080 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| BIOSPRING PARTNERS I KINICITI | ||||||||||||||
| 40 W 57TH ST STE 1815 | NEW YORK | NY | 10019 | 992064142 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| REGENT 8090 INDUSTRIES LLC | ||||||||||||||
| 110 E 25TH ST | NEW YORK | NY | 10010 | 991257603 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| SYNERGIS CAPITAL SPC - FORCE 1 SP | ||||||||||||||
| 981864588 | INVESTMENTS | N/A | 0 | 0 | CJ | 71 FORT ST | GEORGETOWN | CJ | KY1-1106 | |||||
| VVP ZIPARI CO-INVESTMENT LLC | ||||||||||||||
| 2784 HOMESTEAD RD 375 | SANTA CLARA | CA | 95051 | 850778306 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| BST 052 A SERIES OF SAX CAPITAL SERIES FUND III LP | ||||||||||||||
| PO BOX 3217 | SEATTLE | WA | 98114 | 853876811 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
| ONRAMP EDUC & WORKFORCE INNOV FUND II | ||||||||||||||
| 821 E WASHINGTON AVE STE 200-G | MADISON | WI | 53703 | 990616052 | INVESTMENTS | DE | N/A | 0 | 0 | |||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| OAKDALE INVESTMENT MANAGEMENT CORPORATION | |||||||||
| 111 WASHINGTON AVE S STE 1400 | MINNEAPOLIS | MN | 55401 | 352085743 | HOLDING INVESTMENTS | DE | N/A | C | 0 |
| ECMC HOLDINGS CORPORATION | |||||||||
| 111 WASHINGTON AVE S STE 1400 | MINNEAPOLIS | MN | 55401 | 411991992 | STRATEGIC OVERSIGHT | DE | N/A | C | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |