2015-11-12T16:30:18-06:00 2014-12-31 390859910 Baker Tilly Virchow Krause LLP 225 South 6th Street Suite 2300 Minneapolis MN 55402 990 2014-01-01 411991995 ECMC Group Inc ECMC 6512210566 1 Imation Place Building 2 Oakdale MN 551283422 Gregory Van Guilder CFO 2015-11-12 true Lawrence H Mohr CPA P00447603 6128764500 2014 2016-02-25 16:41:14Z David Hawn 1 Imation Place Building 2 Oakdale MN 551283422 286173689 false X N/A X 2000 DE ECMC Group, Inc. supports Educational Credit Management Corporation and, effective January 22, 2015, Zenith Education Group, Inc. ECMC Group, Inc. supports the furtherance of the exempt purpose of Educational Credit Management Corporation and, effective January 22, 2015, Zenith Education Group, Inc. by providing services that help students recognize and realize their potential by investing in, creating and providing innovative education solutions that support schools, and improve student educational outcomes. 8 7 22 0 124519 123519 360978478 261055758 7408429 7796012 3942238 6766469 0 10555450 372329145 286173689 153936471 176285847 0 0 10695465 9969674 0 0 0 6913962 16645398 171545898 202900919 200783247 83272770 841030758 1071870418 184604755 309548891 656426003 762321527 The mission of ECMC Group, Inc. is to help students recognize and realize their potential by investing in, creating and providing innovative education solutions that support schools and improve student educational outcomes. false false 2953395 0 7796012 LOAN PORTFOLIO SERVICING: ECMC GROUP, INC. HAS AN ELIGIBLE LENDER TRUST AGREEMENT WITH US BANK NATIONAL ASSOCIATION. US BANK SERVES AS AN ELIGIBLE LENDER TRUST (ELT) FOR ECMC GROUP, INC. THROUGH THE ELT, ECMC GROUP, INC. PURCHASES FFELP REHABILITATED STUDENT LOANS FROM EDUCATIONAL CREDIT MANAGEMENT CORPORATION, A RELATED ENTITY, AND OTHER GUARANTY AGENCIES. 862780 0 0 THROUGH THE PUBLIC POLICY PROGRAM, ECMC GROUP, INC. SHARES INFORMATION AMONG ECMC GROUP-RELATED MEMBERS ON LEGISLATIVE PROPOSALS AND GOVERNMENTAL REGULATIONS THAT IMPACT THEIR OPERATIONS. THE PROGRAM ENABLES ECMC GROUP, INC. AFFILIATES TO MONITOR PUBLIC POLICY MATTERS AND PROVIDE NONPARTISAN ANALYSIS AND RESEARCH TO POLICYMAKERS, THOUGHT LEADERS AND THE GENERAL PUBLIC. 210051 185847 0 GRANTS AND SPONSORSHIPS SUPPLIED BY ECMC GROUP, INC. TO SCHOOLS AND INDIVIDUALS IN SUPPORT OF ITS TAX EXEMPT PURPOSE. 176100000 176100000 0 CONTRIBUTIONS MADE 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, FURTHER THEIR EDUCATION GOALS. A $25 million contribution for general support to Zenith Education Group, Inc. in furtherance of its goal to provide students access to high-quality education. This goal was realized in 2015 through the acquisition of 56 Everest and Wyotech campuses and the Everest online programs. Zenith Education Group, Inc. transitioned the schools from for profit schools into nonprofit learning institutions and began providing post-secondary career education instruction and services on February 2, 2015. 176100000 176100000 180126226 true true false false false false false false false true true true false true true false true false false true false false false false false false true true true false false false false false false false true false false false false true true true true false false true 44 0 22 true true true false false false false false false false false false X 8 7 false false false false true true false true true false false true true true true true true true true false NM X Gregory Van Guilder 6512210566 1 Imation Place Building 2 Oakdale MN 551283422 RICHARD BOYLE DIRECTOR/CEO/PRESIDENT 71.00 0.00 X X 621041 0 26561 DAVID HAWN Group CEO & President 61.00 0.00 X X 732831 0 69505 GARY COOK DIRECTOR 8.00 4.00 X 89325 1000 0 ROBERTA COOPER RAMO DIRECTOR 7.00 4.00 X 95753 3000 0 JOHN DEPODESTA Board Chair 14.00 5.00 X 134825 7000 0 I KING JORDAN DIRECTOR 4.00 3.00 X 82503 1000 0 JAMES MCKEON DIRECTOR 9.00 4.00 X 107253 3000 0 JACK O'CONNELL DIRECTOR 6.00 3.00 X 82020 1000 0 MAURICE SALTER DIRECTOR 7.00 3.00 X 101770 1000 0 PETER TAYLOR Director 4.00 47.00 X 62503 238302 38866 GREGORY VAN GUILDER CHIEF FINANCIAL OFFICER 59.00 0.00 X 774430 0 85567 DANIEL FISHER SECRETARY/GENERAL COUNSEL 54.00 3.00 X 490951 0 65247 HEIDI JOHNSON Vice President 47.00 9.00 X 415887 0 58953 HEATHER RENNER VICE PRESIDENT 42.00 0.00 X 369080 0 52834 EDWARD SPEAR CIO OF ECMC 41.00 0.00 X 737609 0 47914 KATHLEEN KING Controller/Vice President 48.00 1.00 X 314401 0 48947 MATTHEW MIKULSKI VICE PRESIDENT 49.00 1.00 X 261348 0 55452 GERALDINE GJESDAHL VICE PRESIDENT 47.00 1.00 X 212203 0 26567 HUGH MCSHERRY VICE PRESIDENT 52.00 0.00 X 223814 0 49958 CRAIG ALLEN VICE PRESIDENT 43.00 0.00 X 334791 0 42531 JOSHUA SUSSER Vice President 40.00 1.00 X 323659 0 46534 WENDY BADGER Vice President & Chief Compliance Officer 47.00 4.00 X 0 161874 18853 ELIZABETH ANDERT Director, Marketing 53.00 0 X 164474 0 23500 STEVEN WELLVANG FORMER SEC/GENERAL COUNSEL 0.00 0.00 X 0 326352 0 ROBERT STEIN Former Director 0.00 0.00 X 76000 0 0 JAMES MURRAY FORMER DIRECTOR 0.00 0.00 X 20667 0 0 6829137 743528 757789 14 true true false BAKER TILLY VIRCHOW KRAUSE LLP PO Box 7398 Madison WI 53707 ACCOUNTING 1322054 HALL CAPITAL PARTNERS ONE MARITIME PLAZA SUITE 500 SAN FRANCISCO CA 94111 INVESTMENT MANAGEMENT 1180282 E CAPITAL ADVISORS 7700 FRANCE AVE SOUTH STE 370 MINNEAPOLIS MN 55435 CONSULTING 709730 Guardsmark LLC 7900 Xerxes Ave S Suite 1300 Bloomington MN 55431 Building Security 658710 Ernst & Young LLP 3712 Solutions Center Chicago IL 60677 Consulting 509532 24 261055758 261055758 Student Loan Portfolio 900099 7796012 7796012 0 0 0 0 7796012 6766469 124519 6641950 0 0 0 0 INCOME FROM SUBSIDIARY 900003 10555450 10555450 0 0 0 0 10555450 286173689 7796012 124519 17197400 176170000 176170000 115847 115847 0 0 0 0 7033898 421913 6611985 0 0 2165692 388517 1777175 218161 48384 169777 430979 54278 376701 120944 19053 101891 0 0 73027 73027 253240 197 253043 0 0 1214482 1214482 0 10329567 1395973 8933594 0 367751 83849 283902 210500 23785 186715 601826 57595 544231 1870439 82649 1787790 59108 17334 41774 873993 873993 274300 11391 262909 INCOME TAX EXPENSE 126347 0 126347 DEFAULT EXPENSE-CLAIMS PAID 115072 0 115072 USAGE ON SHARED ASSETS 229150 20779 208371 46596 200 46396 0 202900919 180126226 22774693 0 87900002 22033406 63922767 40683723 32881 39308 0 19080 1517573 1472796 4141972 1215722 3530286 2926250 232763762 289263155 339578972 545810539 104369045 169496800 7415470 125361 841030758 1071870418 79705950 9458425 104898805 300090466 184604755 309548891 X 656426003 762321527 656426003 762321527 841030758 1071870418 X 83272770 21366016 1256738 X false true X true false X X 2 EDUCATIONAL CREDIT MGMT CORP 411778617 9 true 862779 0 Zenith Education Group Inc 472237488 2 false 0 0 2 862779 false false false false true true false false false false false false false false false false true Schedule A, Part I, Line 11b AN ORGANIZATION ORGANIZED TO PERFORM AND PROVIDE ECMC GROUP, INC., THE SUPPORTING ORGANIZATION, RETAINS THE FOLLOWING AUTHORITY OVER EDUCATIONAL CREDIT MANAGEMENT CORPORATION and, effective January 22, 2015, Zenith Education Group, Inc., THE SUPPORTED ORGANIZATIONs, AND, THEREFORE, HAS CONTROL OVER EDUCATIONAL CREDIT MANAGEMENT CORPORATION and Zenith Education Group, Inc.: 1. TO AUTHORIZE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. 2. TO APPROVE THE STRATEGIC AND FINANCIAL PLANS. 3. TO ELECT AND/OR APPROVE THE MEMBERS OF THE BOARD OF DIRECTORS. 4. TO OVERSEE COORDINATION OF PROGRAMS AND SERVICES OFFERED. 5. TO AUTHORIZE FORMATION, GOVERNANCE AND DISSOLUTION. Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name Zenith Education Group, Inc., a 501(c)(3) organization, was incorporated on September 17, 2014 and began providing post-secondary career education instruction and services on February 2, 2015. At its meeting on January 22, 2015 ECMC Group, Inc.'s Board of Directors approved amendments to the Bylaws and Articles of Incorporation to make ECMC Group, Inc. a supporting organization of Zenith Education Group, Inc. Schedule A, Part IV, Section A, Line 5a Added, Substituted, or Removed Sup. Org. Zenith Education Group, Inc., a 501(c)(3) organization (FEIN 47-2237488), was incorporated on September 17, 2014 and began providing post-secondary career education instruction and services on February 2, 2015. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35539 20984 14555 11070 5206 5864 4095363 1189532 2905831 2926250 ECMC Holdings Corporation stock F Investment in ECMC Holdings Corporation 53514222 F Investment in Oakdale Investment Management Corporation 1000 F Alternative Investments 492295317 F 545810539 Student Loan Receivable 126092113 F Mission-Related Direct Investments 43404687 F 169496800 Due to Federal Services Bureau Due to ECMC Foundation Due to ECMC Holdings Corporation Due to Educational Credit Management Corporation Foundation deposits in Group Investment Pool 259789618 Due to Related Parties 20185776 REServe FOR FUTURE DEFAULTS 115072 PAYABLE FOR UNSETTLED TRADES 20000000 300090466 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The FIN 48 (ASC 470) disclosure in the ECMC Group, Inc. and Subsidiaries Consolidated Financial Statements reads as follows: "ECMC Group, ECMC, Zenith, and ECMC Foundation are nonprofit 501(c)(3) corporations and are exempt from federal and state income taxes. Holdings and its subsidiaries are taxable entities and account for deferred tax assets and liabilities under the liability method. 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, Group is no longer subject to U.S. federal, state or local income tax examinations by tax authorities for the years before 2011. In the event of any current or future tax assessments, Group has elected to record the income taxes and any related interest and penalties as income tax expense on Group's statement of activities." Central America and the Caribbean Investments 180524000 0 0 0 0 0 0 180524000 0 180524000 true false false true true false Schedule F, Part I, Line 3(f) INVESTMENTS INVESTMENTS ARE RECORDED ON THE TRADE DATE AND ARE CARRIED AT FAIR VALUE. UNREALIZED GAINS AND LOSSES AND REALIZED GAINS AND LOSSES, DETERMINED ON THE BASIS OF THE COST OF THE SPECIFIC SECURITIES SOLD, ARE INCLUDED IN THE CHANGE IN THE NET ASSETS. DIVIDEND INCOME IS RECORDED ON THE EX-DIVIDEND DATE. INTEREST INCOME IS ACCRUED DAILY. ALTERNATIVE INVESTMENTS-ALTERNATIVE INVESTMENTS ARE VARIOUS HEDGE FUNDS SET UP AS LIMITED PARTNERSHIPS WITH THE INVESTMENT GOAL OF A "FIXED INCOME" AND "GROWTH ASSET" PORTFOLIO. GROUP USES AUDITED FINANCIAL STATEMENTS FOR EACH LIMITED PARTNERSHIP AS A PRACTICAL EXPEDIENT TO ESTIMATE FAIR VALUE. INVESTMENTS HELD BY THE LIMITED PARTNERSHIPS ARE VALUED AT PRICES WHICH APPROXIMATE FAIR VALUE. THE ESTIMATED FAIR VALUES MAY DIFFER SIGNIFICANTLY FROM THE VALUES THAT COULD BE REALIZED IF A READY MARKET EXISTED FOR THESE INVESTMENTS, AND THESE DIFFERENCES COULD BE MATERIAL. NET ASSET VALUATIONS ARE PROVIDED QUARTERLY BY THE LIMITED PARTNERSHIPS. true ECMC Foundation 1 Imation Place Building 2 Oakdale MN 55128 411990628 501(c)(3) 151100000 General Support Zenith Education Group Inc 1 Imation Place Building 2 Oakdale MN 55128 472237488 501(c)(3) 25000000 General Support Soledad O'Brien & Brad Raymond Foundation PO Box 20970 New York NY 10023 452440475 501(c)(3) 65000 Sponsorship 3 0 ROBERT A. STEIN SCHOLARSHIP 50 115847 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds ECMC Group, Inc. is the sole member of ECMC Foundation and Zenith Education Group, Inc. and closely monitors the use of the cash grants through reports to management and the Board of Directors on a regular basis. The scholarships listed in Part III are issued as jointly payable to the student and the school to ensure the funds are used for educational expenses. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. ECMC Group, Inc. is the sole member of ECMC Foundation and Zenith Education Group, Inc. and closely monitors the use of the cash grants through reports to management and the Board of Directors on a regular basis. The scholarships listed in Part III are issued as jointly payable to the student and the school to ensure the funds are used for educational expenses. X true true X X X X true true false false true false true false false RICHARD BOYLE DIRECTOR/CEO/PRESIDENT 119436 0 500000 0 1605 0 23400 0 3161 0 647602 0 0 0 DAVID HAWN Group CEO & President 405700 0 324673 0 2457 0 44773 0 24732 0 802336 0 21762 0 ROBERT STEIN Former Director 76000 0 0 0 0 0 0 0 0 0 76000 0 0 0 JAMES MURRAY FORMER DIRECTOR 20667 0 0 0 0 0 0 0 0 0 20667 0 0 0 PETER TAYLOR Director 62503 236109 0 425 0 1769 0 23643 0 15222 62503 277168 0 0 STEVEN WELLVANG FORMER SEC/GENERAL COUNSEL 0 0 0 0 0 326352 0 0 0 0 0 326352 0 0 GREGORY VAN GUILDER CHIEF FINANCIAL OFFICER 384145 0 388108 0 2177 0 60780 0 24787 0 859997 0 23126 0 DANIEL FISHER SECRETARY/GENERAL COUNSEL 265658 0 221902 0 3390 0 44792 0 20455 0 556198 0 12714 0 HEIDI JOHNSON Vice President 204580 0 209605 0 1703 0 40081 0 18872 0 474840 0 9746 0 HEATHER RENNER VICE PRESIDENT 212617 0 154272 0 2191 0 37619 0 15215 0 421914 0 2285 0 EDWARD SPEAR CIO OF ECMC 260709 0 255699 0 221201 0 31200 0 16714 0 785522 0 9926 0 KATHLEEN KING Controller/Vice President 197017 0 113358 0 4026 0 34233 0 14714 0 363348 0 2108 0 MATTHEW MIKULSKI VICE PRESIDENT 164126 0 94697 0 2525 0 31498 0 23954 0 316800 0 184 0 GERALDINE GJESDAHL VICE PRESIDENT 148905 0 62274 0 1024 0 25473 0 1095 0 238771 0 0 0 HUGH MCSHERRY VICE PRESIDENT 153847 0 62302 0 7665 0 25171 0 24787 0 273772 0 0 0 CRAIG ALLEN VICE PRESIDENT 173450 0 76050 0 85291 0 30809 0 11721 0 377322 0 0 0 JOSHUA SUSSER Vice President 177345 0 30210 0 116104 0 35073 0 11460 0 370193 0 0 0 WENDY BADGER Vice President & Chief Compliance Officer 0 137547 0 23413 0 914 0 18853 0 0 0 180727 0 0 ELIZABETH ANDERT Director, Marketing 62524 0 21044 0 80906 0 10498 0 13003 0 187975 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 4a Severance or change-of-control payment The following received severance payments in 2014: Ed Spear - $208,750. Craig Allen - $77,769. Steven Wellvang - $316,000, paid by ECMC Holdings, Inc., a related organization. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan ECMC Group, Inc. maintains a supplemental nonqualified retirement plan described in section 457(f) to attract and retain employees, typically in management positions. In 2014, Gregory Van Guilder and Daniel Fisher participated in the plan, and received employer contributions of $12,080 and $5,244, respectively. Schedule J, Part I, Line 5b Compensation contigent on revenues of a related organization ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated primary financial goals, which includes revenues, before any payment to any officer is made. Schedule J, Part I, Line 6b Compensation contigent on net earnings of a related organization ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated key performance metrics, which includes net earnings, before any payment to any officer is made. Richard Boyle Mr. Boyle is a Director and President of the contracted company. 260000 The consulting contract for advisory services began after Mr. Boyle 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. false CoreFormPartIII_PartIIILine4d Description of other program services (Expenses $ 210,051 including grants of $ 185,847)(Revenue $ 0) GRANTS AND SPONSORSHIPS SUPPLIED BY ECMC GROUP, INC. TO SCHOOLS AND INDIVIDUALS IN SUPPORT OF ITS TAX EXEMPT PURPOSE. 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, DIRECTORS, 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. THE PROVISION STATES THAT 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. Form 990, Part VI, Line 6 Classes of members or stockholders Each Director of the ECMC Group, Inc.'s Board of Directors is a member of ECMC Group, Inc. In 2014, there were eight members of the Board of Directors and, therefore, eight members of the corporation. Membership terminates upon the termination of such member's director status on the Board of Directors. There are no stockholders. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The members of ECMC Group, Inc. Board of Directors are nominated by the Governance & Compensation Committee of the Board and elected by the Board of Directors. The Governance & Compensation Committee consists of such independent members appointed to it by the ECMC Group, Inc. Board of Directors. 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 is included in the Code of Ethics and Business Conduct. Monitoring and enforcement of the policy is 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 Chairman. The Board member or CEO will be required to excuse themselves from deliberation and voting on matters which they may have a conflict of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official The following describes the ECMC and ECMC Group, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2014, 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 The following describes the ECMC and ECMC Group, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2014, 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 No documents are made available to the public. Form 990, Part VII, Section A Consulting Robert Stein and James Murray, former Directors, had consulting agreements in 2014. Form 990, Part XI, Line 5 Net unrealized gains on investments Net unrealized gains on investment in the ECMC Group, Inc. Investment Pool are $21,366,016. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Equity Adjustment for Solutions close out (2009) carried from Holdings to Group - 1256738; OAKDALE STUDENT LOAN FUNDING LLC 1 IMATION PLACE Building 2 OAKDALE MN 55128 271914648 HOLDING FFELP LOANS DE 0 0 ECMC GROUP INC PREMIERE CREDIT OF NORTH AMERICA LLC 2002 WELLESLEY BLVD 100 INDIANAPOLIS IN 46219 352085743 ACCOUNTS RECEIVABLE MANAGEMENT IN ECMC HOLDINGS CORP EDUCATIONAL CREDIT MGMT CORP 1 IMATION PLACE Building 2 OAKDALE MN 55128 411778617 FFELP GUARANTOR MN 501(c)(3 9 ECMC GROUP INC true ECMC FOUNDATION 1 IMATION PLACE Building 2 OAKDALE MN 55128 411990628 PROMOTE EDUCATION DE 501(c)(3 Type II ECMC GROUP INC true Zenith Education Group Inc 1 Imation Place Building 2 Oakdale MN 55128 472237488 Career Colleges DE 501(c)(3 2 ECMC Group Inc true OAKDALE INVESTMENT MANAGEMENT CORPORATION 1 IMATION PLACE Building 2 OAKDALE MN 55128 461549752 HOLDING INVESTMENTS DE ECMC GROUP INC C Corporation 0 1000 1 true ECMC HOLDINGS CORPORATION 1 IMATION PLACE Building 2 OAKDALE MN 55128 411991992 STRATEGIC OVERSIGHT DE ECMC GROUP INC C Corporation 70509557 71594059 1 true EDUCATIONAL CREDIT SERVICES COMPANY 1 IMATION PLACE Building 2 OAKDALE MN 55128 411992001 PRIVATE LOANS DE NA C Corporation true ECMC RECORDS & REC MGMT CORPORATION 1 IMATION PLACE Building OAKDALE MN 55128 411989959 DOCUMENT MANAGEMENT DE NA C Corporation true ECMC MANAGEMENT SERVICES CORPORATION 1 IMATION PLACE Building 2 OAKDALE MN 55128 411989960 MANAGEMENT SERVICES DE NA C Corporation true ECMC TECHNOLOGY SERVICES CORPORATION 1 IMATION PLACE Building 2 OAKDALE MN 55128 411989958 TECHNOLOGY SERVICES DE NA C Corporation true ECMC SERVICING CORPORATION 10370 PETER A MCCUEN BLVD MATHER CA 95655 471154366 LOAN SERVICING DE NA C Corporation true COLLEGE ABACUS INC 1 IMATION PLACE BUILDING 2 OAKDALE MN 55128 455431744 WEB SERVICES DE NA C Corporation true false true true false false false false false false false false false false true true true true false false Zenith Education Group Inc B 25000000 Allocation ECMC Foundation B 151100000 Allocation Educational Credit Management Corporation C 261055758 Allocation ECMC Foundation N 395862 Allocation ECMC Foundation Q 169545 Allocation Educational Credit Management Corporation N 13498557 Allocation Educational Credit Management Corporation O 287807 Allocation Educational Credit Management Corporation P 4093099 Allocation ECMC Foundation P 86154 Allocation