ECMC FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ECMC FOUNDATION (EIN 41-1990628)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202443199349312634
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-14T15:00:28-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1350 N 5TH ST SUITE 600AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411990628EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ECMC FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlECMCBusinessNameControlTxt
Phone6512210566PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 WASHINGTON AVE SO 1400AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARTIN A SCANLONPersonNm
Person TitleCFO & TREASURERPersonTitleTxt
Phone6512210566PhoneNum
Signature2024-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHOLLY K MOENPreparerPersonNm
PTINP01800653PTIN
Phone6123055000PhoneNum
Preparation2024-11-13PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJACOB FRAIREPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 WASHINGTON AVE SO 1400AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$59,044,618GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ECMCFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionECMC FOUNDATION IS A NATIONALLY FOCUSED FOUNDATION WHOSE MISSION IS TO IMPROVE HIGHER EDUCATION FOR CAREER SUCCESS AMONG UNDERSERVED POPULATIONS THROUGH EVIDENCE-BASED INNOVATION. ECMC FOUNDATION MAKES INVESTMENTS TO REMOVE BARRIERS TO POSTSECONDARY COMPLETION; BUILD THE CAPACITY OF ORGANIZATIONS, INSTITUTIONS AND SYSTEMS; AND TRANSFORM THE POSTSECONDARY ECOSYSTEM USING A SPECTRUM OF FUNDING STRUCTURES, INCLUDING STRATEGIC GRANTMAKING AND PROGRAM-RELATED INVESTMENTS, TO SUPPORT BOTH NONPROFIT AND FOR-PROFIT VENTURES.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee25TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$501,572,000PYContributionsGrantsAmt
CY Contributions Grants$58,528,000CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$109,687PYInvestmentIncomeAmt
CY Investment Income-$310,916CYInvestmentIncomeAmt
PY Other Revenue$2,604PYOtherRevenueAmt
CY Other Revenue$2,534CYOtherRevenueAmt
PY Total Revenue$501,684,291PYTotalRevenueAmt
CY Total Revenue$58,219,618CYTotalRevenueAmt
PY Grants And Similar Paid$38,654,823PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$53,246,731CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,859,559PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$7,946,661CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,457,529PYOtherExpensesAmt
CY Other Expenses$4,468,689CYOtherExpensesAmt
PY Total Expenses$46,971,911PYTotalExpensesAmt
CY Total Expenses$65,662,081CYTotalExpensesAmt
PY Revenues Less Expenses$454,712,380PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$7,442,463CYRevenuesLessExpensesAmt
Total Assets BOY$1,575,921,479TotalAssetsBOYAmt
Total Assets EOY$1,698,761,256TotalAssetsEOYAmt
Total Liabilities BOY$29,183,730TotalLiabilitiesBOYAmt
Total Liabilities EOY$38,678,777TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,546,737,749NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,660,082,479NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionECMC FOUNDATION IS A NATIONALLY FOCUSED FOUNDATION WHOSE MISSION IS TO IMPROVE HIGHER EDUCATION FOR CAREER SUCCESS AMONG UNDERSERVED POPULATIONS THROUGH EVIDENCE-BASED INNOVATION.MissionDesc
Significant New Program SrvcYes (1)SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
Expense$37,746,755ExpenseAmt
Grant$33,355,839GrantAmt
Revenue$0RevenueAmt
DescSTRATEGICALLY RESPONSIVE GRANTMAKING:ECMC FOUNDATION AIMS TO DRIVE SYSTEMIC CHANGE, GETTING AT THE ROOT CAUSES OF COMPLEX CHALLENGES IN HIGHER EDUCATION, NOT JUST THE SYMPTOMS. THIS MAY MEAN TACKLING THE BIASES, INSTITUTIONAL, SYSTEM-LEVEL OR STATE OR FEDERAL POLICIES, RESOURCE ALLOCATION AND FLOWS, AND FINANCIAL AND LIFE CIRCUMSTANCES THAT CREATE BARRIERS TO SUCCESS FOR UNDERSERVED LEARNERS.IN ADDITION TO THE FIVE PRIMARY PROGRAM INITIATIVES, ECMC FOUNDATION MAKES GRANTS AND INVESTMENTS THROUGH AN OPEN LETTER OF INQUIRY PROCESS. AS ECMC FOUNDATION PURSUES SYSTEMIC CHANGE IN THE POSTSECONDARY ECOSYSTEM, IT REMAINS COMMITTED TO FUNDING EVIDENCE-BASED INNOVATION WITH THE FLEXIBILITY TO ADAPT AS THE HIGHER EDUCATION LANDSCAPE EVOLVES. ECMC FOUNDATION RESERVES FUNDING FOR PROJECTS THAT DO NOT FIT WITHIN ONE OF THE ESTABLISHED INITIATIVES BUT ARE CONNECTED TO ONE OR MORE OF ITS STRATEGIC PRIORITIES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$5,683,113ExpenseAmt
Grant$5,262,688GrantAmt
Revenue$0RevenueAmt
DescBASIC NEEDS:THE BASIC NEEDS INITIATIVE FOCUSES ON PROVIDING ACCESS TO BASIC NEEDS, SUCH AS FOOD, HOUSING, CHILDCARE, MENTAL HEALTH, FINANCIAL ASSISTANCE AND TRANSPORTATION, WHICH IS CRITICAL FOR ENSURING STRONG ACADEMIC PERFORMANCE, INCREASING PERSISTENCE AND GRADUATION, AND IMPROVING WELLBEING AMONG STUDENTS IN POSTSECONDARY EDUCATION. THE BASIC NEEDS INITIATIVE DEVELOPED A NEW STRATEGY AND PRODUCED A THEORY OF ACTION TO REALIZE AN AMBITIOUS GOAL TO DECREASE THE PERCENTAGE OF POSTSECONDARY STUDENTS EXPERIENCING BASIC NEEDS INSECURITY BY 10% BY 2033. THE BASIC NEEDS INITIATIVE NOW PRIORITIZES FUNDING HIGH-IMPACT SOLUTIONS WITHIN THREE STRATEGIC AREAS: GROWING DATA CAPACITY, SCALING EFFECTIVE PRACTICES AND INFORMING POLICY REFORM.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$5,373,217ExpenseAmt
Grant$4,986,069GrantAmt
Revenue$0RevenueAmt
DescSINGLE MOTHER STUDENT SUCCESS:THE SINGLE MOTHER STUDENT SUCCESS INITIATIVE ENSURES THAT SINGLE MOTHERS CAN PURSUE THEIR EDUCATIONAL DREAMS AND PRODUCE MEASURABLE PROGRESS ON RACIAL AND GENDER EQUITY, NOT JUST IN HIGHER EDUCATION, BUT IN SOCIETY AS A WHOLE, REDUCING POVERTY AND BOOSTING ECONOMIC MOBILITY. ELEMENTS OF ECMC FOUNDATION'S STRATEGY INCLUDE CONDUCTING RESEARCH TO BETTER UNDERSTAND THE EXPERIENCE OF SINGLE MOTHER STUDENTS, BUILDING THE CAPACITY OF COMMUNITY COLLEGES TO PROVIDE MORE COMPREHENSIVE SERVICES, EXPANDING PARTNERSHIPS WITH COMMUNITY-BASED ORGANIZATIONS AND BUILDING PUBLIC WILL FOR SINGLE MOTHER STUDENT SUCCESS THROUGH INCREASED AWARENESS OF SUPPORTIVE STRATEGIES AND POLICIES. IN 2023, ECMC FOUNDATION MADE 12 GRANTS TOTALING $4.9 MILLION.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (5 entries)

ExpenseExpenseAmtGrantGrantAmtRevenueRevenueAmtDescDesc
$4,271,979$3,878,975$0MEN OF COLOR:THE MEN OF COLOR INITIATIVE IS COMMITTED TO BRINGING FOCUS TO COLLEGES AND UNIVERSITIES ADOPTING DATA-INFORMED AND EQUITY-CENTERED PROGRAMS AND PRACTICES TO BETTER SERVE COLLEGE STUDENTS WHO ARE MEN OF COLOR. THE INITIATIVE AIMS TO STRENGTHEN PROGRAMS AND IMPROVE STUDENT OUTCOMES, PROMOTE CULTURE CHANGE IN HIGHER EDUCATION INSTITUTIONS AND ADVANCE FIELD-BUILDING EFFORTS TO INFORM AND ADDRESS EQUITY GAPS. THE INITIATIVE'S FIRST YEAR INCLUDED EXTENSIVE STRUCTURING AND STRATEGIZING AS ECMC FOUNDATION FUNDED INNOVATIVE NEW PROJECTS.
$2,384,987$1,999,160$0CAREER AND TECHNICAL EDUCATION LEADERSHIP COLLABORATIVE (CTE LC):THE CTE LC INITIATIVE IS COMMITTED TO BRINGING TOGETHER DIVERSE PERSPECTIVES AND EQUIPS POSTSECONDARY CAREER AND TECHNICAL EDUCATION LEADERS WITH THE TOOLS, RESOURCES AND SKILLS NEEDED TO ADVANCE THE FIELD. THROUGH GRANTS MADE TO LEADING ORGANIZATIONS AND INSTITUTIONS, ECMC FOUNDATION-FUNDED FELLOWSHIP PROGRAMS OFFER PROFESSIONAL DEVELOPMENT TO LEADERS KNOWN AS ECMC FOUNDATION FELLOWS (FELLOWS), INCLUDING IN-PERSON AND VIRTUAL EVENTS; WRITING AND PRESENTING OPPORTUNITIES; AND CAPSTONE PROJECTS. IN 2023, THE CTE LC FELLOW COMMUNITY GREW TO MORE THAN 300 FELLOWS. ECMC FOUNDATION ALSO BEGAN THE FELLOW SPOTLIGHT SERIES, WHICH SHOWCASES PAST AND CURRENT FELLOWS' ONGOING ENGAGEMENT WITH POSTSECONDARY CTE AND THEIR DIVERSE PERSPECTIVES ON THE FIELD. THE CTE LC INCLUDES THE ANNUAL CTE LC CONVENING, WHERE FELLOWS MEET TO LEARN AND INNOVATE TOGETHER, ENHANCING ON-THE-JOB PERFORMANCE AND POTENTIAL FOR PROMOTIONS, PUBLICATIONS, AND OTHER PROFESSIONAL ACHIEVEMENTS.
$2,248,917$1,814,000$0TRANSFER AND CREDIT MOBILITY:THE TRANSFER AND CREDIT MOBILITY INITIATIVE IDENTIFIES AND SUPPORTS EFFECTIVE AND EQUITABLE TRANSFERS OF CREDITS BETWEEN AND AMONG ALL POSTSECONDARY EDUCATION INSTITUTIONS, INCLUDING CAREER AND TECHNICAL EDUCATION PROGRAMS, COMMUNITY COLLEGES AND FOUR-YEAR INSTITUTIONS. THE TRANSFER AND CREDIT MOBILITY INITIATIVE GREW OUT OF ECMC FOUNDATION'S PREVIOUS CATALYZING TRANSFER INITIATIVE THAT TACKLED ISSUES OF STUDENT AND CREDIT MOBILITY, TOTALING $23 MILLION BETWEEN 2015 AND 2022. THE INITIATIVE MAKES GRANTS IN THREE KEY AREAS: TECHNOLOGY-ENABLED SOLUTIONS (INCLUDING MACHINE LEARNING AND ARTIFICIAL INTELLIGENCE) THAT GIVE STUDENTS GREATER AGENCY IN INITIATING AND MANAGING THEIR EDUCATIONAL JOURNEY, INSTITUTIONAL INCENTIVES THAT CREATE POSITIVE TRANSFER-AFFIRMING CAMPUS CULTURES AND EFFECTIVE STATE POLICYMAKING THAT BETTER SUPPORT TRANSFER STUDENTS.
$1,783,125$950,000$0EDUCATION INNOVATION VENTURES:EDUCATION INNOVATION VENTURES (EIV) MAKES BELOW-MARKET-RATE INVESTMENTS INTO NONPROFIT AND FOR-PROFIT VENTURES THAT SEEK TO GENERATE BOTH SOCIAL IMPACT AND FINANCIAL RETURNS. COMPLEMENTING ECMC FOUNDATION'S STRATEGIC GRANTMAKING, THE EIV PROGRAM USES A FULL SPECTRUM OF PROGRAM-RELATED INVESTMENTS, INCLUDING DEBT AND EQUITY INSTRUMENTS, TO PROVIDE CATALYTIC, RISK CAPITAL TO EARLY-STAGE VENTURES WORKING TO INCREASE POSTSECONDARY EDUCATIONAL OUTCOMES AND ECONOMIC MOBILITY AMONG LEARNERS AND JOBSEEKERS FROM SYSTEMICALLY DISADVANTAGED BACKGROUNDS. FINANCIAL RETURNS ARE REINVESTED INTO ADDITIONAL PROGRAM-RELATED INVESTMENTS, ALLOWING ECMC FOUNDATION TO RECYCLE INVESTMENT DOLLARS TO FUND FURTHER IMPACT INITIATIVES AND DRIVE CHANGES IN ECONOMIC MOBILITY FOR LEARNERS AND JOBSEEKERS. IN 2023, EIV INVESTED NEARLY $3.9 MILLION ACROSS 8 PRE-SEED AND SEED-STAGE VENTURES, 1 NONPROFIT AND 2 FUNDS WORKING TO REMOVE FINANCIAL BARRIERS FOR STUDENTS.
$1,000,000$1,000,000$0GO! 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 OR A GOVERNMENTAL PARTNER, SUCH AS PUBLIC SCHOOLS, AND EXPEND THE GRANT AWARD FOR THE PURPOSE DESIGNATED IN THE RECIPIENT'S GRANT PROPOSAL. IN 2023, ECMC FOUNDATION AWARDED GRANTS RANGING FROM $5,000 TO $20,000 EACH TO 98 ORGANIZATIONS FOR A TOTAL OF $1 MILLION.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$11,689,008TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$9,642,135TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$60,492,093TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee25EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARTIN A SCANLONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6512210566PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 WASHINGTON AVE SO STE 1400AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
DANIEL FISHER
PRESIDENT & CEO, ECMC GROUP0.0040.00Yes (X)$0$1,268,659$126,730
PETER TAYLOR
PRESIDENT, ECMC FOUNDATION-PART YEAR40.000.00Yes (X)$447,382$0$128,763Yes (X)
JAMES V MCKEON
BOARD CHAIR2.0015.00Yes (X)$0$197,500$0
DIANA J INGRAM
DIRECTOR2.0010.00Yes (X)$0$151,250$0
JACK O'CONNELL
DIRECTOR2.008.00Yes (X)$0$145,000$0
JULIA S GOUW
DIRECTOR2.008.00Yes (X)$0$155,000$0
DEREK LANGHAUSER
DIRECTOR2.007.00Yes (X)$0$137,500$0
JAMES RUNCIE
DIRECTOR1.0010.00Yes (X)$0$128,750$0
JENNIFER ANDERSON
DIRECTOR2.008.00Yes (X)$0$148,750$0
K PAUL SINGH
DIRECTOR2.0010.00Yes (X)$0$141,875$0
BRIAN BOARDMAN
GENERAL COUNSEL & CORP SECRETARY0.0040.00$0$453,655$86,354Yes (X)
JACOB FRAIRE
PRESIDENT, ECMC FOUNDATION40.000.00$433,420$0$62,410Yes (X)
LYNN ALVAREZ
VP, FOUNDATION PROGRAMS & STRATEGY40.000.00$324,967$0$55,604Yes (X)
MARTIN SCANLON
CFO & TREASURER0.0040.00$0$918,311$104,819Yes (X)
JENNIFER ZEISLER
SENIOR DIR, PROGRAM MANAGEMENT40.000.00$202,400$0$35,769Yes (X)
JESSICA HASELTON
DIR, EDUCATION INNOVATION VENTURES40.000.00$175,243$0$54,804Yes (X)
JOANNA ROSENTHAL
DIR, COMMUNICATIONS40.000.00$186,076$0$29,014Yes (X)
LORAINE PARK
DIR, LEARNING & EVALUATION40.000.00$143,397$0$45,268Yes (X)
SARAH BELNICK
SENIOR DIR, PROGRAM MANAGEMENT40.000.00$181,697$0$44,458Yes (X)
JEREMY WHEATON
FORMER PRESIDENT & CEO, ECMC GROUP0.000.00$0$1,622,127$0Yes (X)
I KING JORDAN
FORMER DIRECTOR0.000.00$0$30,000$0Yes (X)
JOHN F DEPODESTA
FORMER BOARD CHAIR0.000.00$0$60,000$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,094,582TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$5,558,377TotReportableCompRltdOrgAmt
Total Other Compensation$773,993TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K16IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
INDIGO EVENTS LLC
48 YALE STMAPLEWOODNJ07040CONSULTING SERVICES$669,139
AVIVAR CAPITAL LLC
5250 LANKERSHIM BLVD STE 500NORTH HOLLYWOODCA91601CONSULTING SERVICES$140,000
SOVA SOLUTIONS LLC
1092 PIPESTEM PLPOTOMACMD20854CONSULTING SERVICES$112,646
EQUIVOLVE CONSULTING LLC
226 E 39TH STBALTIMOREMD21218CONSULTING SERVICES$109,554
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Related Organizations$58,528,000RelatedOrganizationsAmt
Total Contributions$58,528,000TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$514,084TotalRevenueColumnAmt
Exclusion$514,084ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$825,000OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$825,000OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$825,000TotalRevenueColumnAmt
Exclusion-$825,000ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescINTERCOMPANY SERVICINGDesc
Business900099BusinessCd
Total Revenue Column$2,534TotalRevenueColumnAmt
Exclusion$2,534ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,534OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$58,219,618TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$308,382ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$53,246,731TotalAmt
Program Services$53,246,731ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,452,546TotalAmt
Management And General$1,452,546ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$5,481,785TotalAmt
Program Services$5,296,223ProgramServicesAmt
Management And General$185,562ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$225,314TotalAmt
Program Services$217,687ProgramServicesAmt
Management And General$7,627ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$490,075TotalAmt
Program Services$473,486ProgramServicesAmt
Management And General$16,589ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$296,941TotalAmt
Program Services$286,889ProgramServicesAmt
Management And General$10,052ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$349,091TotalAmt
Management And General$349,091ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$45,405TotalAmt
Management And General$45,405ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$555TotalAmt
Management And General$555ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,228,398TotalAmt
Management And General$2,228,398ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$357,018TotalAmt
Program Services$299,760ProgramServicesAmt
Management And General$57,258ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$284,439TotalAmt
Program Services$236,884ProgramServicesAmt
Management And General$47,555ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$356,858TotalAmt
Program Services$297,195ProgramServicesAmt
Management And General$59,663ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$565,862TotalAmt
Management And General$565,862ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$69,634TotalAmt
Program Services$57,992ProgramServicesAmt
Management And General$11,642ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$95,155TotalAmt
Program Services$79,246ProgramServicesAmt
Management And General$15,909ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$78,641TotalAmt
Management And General$78,641ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescFILING FEESDesc
Total$50TotalAmt
Management And General$50ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$37,583TotalAmt
Management And General$37,583ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$65,662,081TotalAmt
Program Services$60,492,093ProgramServicesAmt
Management And General$5,169,988ManagementAndGeneralAmt
Fundraising$0FundraisingAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XYes (X)InfoInScheduleOPartXInd

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$12,169,887BOYAmt
EOY$5,267,446EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$630BOYAmt
EOY$21,012EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,183EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$236,540LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$134,954LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$134,454BOYAmt
EOY$101,586EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,552,643,281BOYAmt
EOY$1,679,288,242EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$9,944,019BOYAmt
EOY$13,247,727EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,029,208BOYAmt
EOY$833,060EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,575,921,479BOYAmt
EOY$1,698,761,256EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,114,812BOYAmt
EOY$2,298,440EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$26,949,951BOYAmt
EOY$34,981,745EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,118,967BOYAmt
EOY$1,398,592EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$29,183,730BOYAmt
EOY$38,678,777EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,546,737,749BOYAmt
EOY$1,660,082,479EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,546,737,749BOYAmt
EOY$1,660,082,479EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,575,921,479BOYAmt
EOY$1,698,761,256EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$7,442,463ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$120,633,652NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$153,541OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type2Yes (X)SupportingOrgType2Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1EDUCATIONAL CREDIT MANAGEMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN411778617EIN
Organization Type10OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$65,662,081SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$65,662,081SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgYes (1)OrganizationChangeSuprtOrgInd
Supported Org Class Designated0SupportedOrgClassDesignatedInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd
FieldValueIRS element (for citing)
Majority Dir Trst Supported OrgYes (1)MajorityDirTrstSupportedOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART IV, SECTION A, LINE 5A:FormAndLineReferenceDesc
ExplanationIN MARCH 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. WAS APPROVED BY THE BOARD OF DIRECTORS AND ENROLLMENTS WERE NO LONGER ACCEPTED EFFECTIVE IMMEDIATELY. TEACH-OUTS WERE COMPLETED DURING 2023, WITH RELATED EXPENSES BEING SETTLED THROUGH 2027. IN OCTOBER 2023, ECMC FOUNDATION AMENDED ITS BYLAWS AND ARTICLES OF INCORPORATION TO REMOVE ECMC EDUCATION, INC. (EIN: 47-2237488) AS A SUPPORTED ORGANIZATION BECAUSE ECMC EDUCATION, INC. NO LONGER ENROLLS ANY STUDENTS AND IS IN THE PROCESS OF LIQUIDATING.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$143,661OtherCostOrOtherBasisAmt
Depreciation$59,103DepreciationAmt
Book Value$84,558BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$92,879OtherCostOrOtherBasisAmt
Depreciation$75,851DepreciationAmt
Book Value$17,028BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$101,586TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
INVESTMENT IN ECMC GROUP, INC APPORTIONED INVESTMENT POOL$1,678,888,242F
INVESTMENT IN LEARNLAUNCH ACCELERATOR$400,000F
FieldValueIRS element (for citing)
Total Book Value Securities$1,679,288,242TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
DUE TO ECMC GROUP, INC$577,600
DUE TO ECMC SHARED SERVICES COMPANY, LLC$128,850
LEASE LIABILITIES$692,142
FieldValueIRS element (for citing)
Total Liability$1,398,592TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$121,150,270TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$120,633,652NetUnrealizedGainsInvstAmt
Other Revenue$825,000OtherRevenueAmt
Revenue Not Reported$121,458,652RevenueNotReportedAmt
Revenue Subtotal-$308,382RevenueSubtotalAmt
Other Revenues Not Included$58,528,000OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$58,528,000RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$58,219,618TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$66,141,540TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$825,000OtherExpensesIncludedAmt
Expenses Not Reported$825,000ExpensesNotReportedAmt
Expenses Subtotal$65,316,540ExpensesSubtotalAmt
Other Expenses Not Included$345,541OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$345,541ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$65,662,081TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT ECMC FOUNDATION IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT A PRIVATE FOUNDATION UNDER IRC SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV). AS SUCH, ECMC FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(A) EXCEPT ON UNRELATED BUSINESS INCOME; AS A PUBLIC CHARITY, CONTRIBUTIONS TO ECMC FOUNDATION ARE DEDUCTIBLE. ECMC FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAX. 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, 2023 OR 2022. ECMC FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:PROGRAM-RELATED INVESTMENT LOSS WRITE OFF 825,000.
PART XI, LINE 4B - OTHER ADJUSTMENTS:CONTRIBUTIONS FROM ECMC GROUP, INC 58,528,000.
PART XII, LINE 2D - OTHER ADJUSTMENTS:PROGRAM-RELATED INVESTMENT LOSS WRITE OFF 825,000.
PART XII, LINE 4B - OTHER ADJUSTMENTS:CANCELED/REFUNDED GRANTS AWARDED IN PRIOR YEARS ON FOUNDATION'S BOOKS 153,541. CONTRIBUTIONS TO ECMC GROUP, INC 192,000.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (205 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
826 MSP
1915 E 22ND STMINNEAPOLISMN55404271372442501(C)(3)$10,000$0GENERAL SUPPORT
A PLACE CALLED HOME
2830 S CENTRAL AVELOS ANGELESCA90011954427291501(C)(3)$20,000$0GENERAL SUPPORT
ACADEMY OF HOLY ANGELS
6600 NICOLLET AVE SRICHFIELDMN55423410696903501(C)(3)$10,000$0GENERAL SUPPORT
ACHIEVE TWIN CITIES
2829 UNIVERSITY AVE SE STE 850MINNEAPOLISMN55414411425264501(C)(3)$15,000$0GENERAL SUPPORT
ACHIEVING THE DREAM
8484 GEORGIA AVE STE 500SILVER SPRINGMD20910271635830501(C)(3)$1,757,091$0SINGLE MOTHER STUDENT SUCCESS, MEN OF COLOR, PROGRAM SUPPORT
ACT INC
500 ACT DRIOWA CITYIA52243420841485501(C)(3)$500,000$0CROSS SECTOR COLLABORATION
ACTIVE MINDS
2001 S ST NW STE 630WASHINGTONDC20009200587172501(C)(3)$10,000$0GENERAL SUPPORT
ADOPT-A-CLASSROOM INC
10 S 5TH ST STE 835MINNEAPOLISMN55402650828272501(C)(3)$25,000$0GENERAL SUPPORT
AFRICAN CLASSROOM CONNECTION
106 E 24TH STMINNEAPOLISMN55404204271457501(C)(3)$10,000$0GENERAL SUPPORT
ALABAMA POSSIBLE
PO BOX 55058BIRMINGHAMAL35255582074080501(C)(3)$515,000$0PROFESSIONAL AND LEADERSHIP DEVELOPMENT
ALAN HANCOCK COLLEGE FOUNDATION
800 S COLLEGE DRSANTA MARIACA93454953143396501(C)(3)$10,000$0GENERAL SUPPORT
ALBUQUERQUE ACADEMY
6400 WYOMING BLVD NEALBUQUERQUENM87109850129165501(C)(3)$10,000$0GENERAL SUPPORT
ALLIANCE FOR HIGHER EDUCATION IN PRISON
1801 N BROADWAY STE 417DENVERCO80202954302067501(C)(3)$10,000$0GENERAL SUPPORT
AMERICAN CIVIL LIBERTIES UNION OF NORTH CAROLINA LEGL FOUNDATION INC
PO BOX 28004RALEIGHNC27611561019644501(C)(3)$10,000$0GENERAL SUPPORT
ANN BANCROFT FOUNDATION
2356 UNIVERSITY AVE W STE 404ST PAULMN55114411691868501(C)(3)$10,000$0GENERAL SUPPORT
APPRENTICESHIPS FOR AMERICA
7213 BYBROOK LNCHEVY CHASEMD20815872326163501(C)(3)$100,000$0GENERAL SUPPORT
ASSISTANCE LEAGUE OF MINNEAPOLISST PAUL
6416 PENN AVE SRICHFIELDMN55423411736323501(C)(3)$20,000$0GENERAL SUPPORT
ASSOCIATION FOR CAREER AND TECHNICAL EDUCATION
1410 KING STALEXANDRIAVA22314520632865501(C)(3)$866,375$0CTE LEADERSHIP COLLABORATIVE INITIATIVE
ASSOCIATION OF COMMUNITY COLLEGE TRUSTEES
1101 17TH ST NW 300WASHINGTONDC20036526120210501(C)(3)$231,000$0SINGLE MOTHER STUDENT SUCCESS, TRANSFER & CREDIT MOBILITY
BESTPREP
7100 NORTHLAND CIR N 306MINNEAPOLISMN55428411265355501(C)(3)$10,000$0GENERAL SUPPORT
BETTER FUTURE FORWARD INC
20711 HOLT AVE PO BOX 1063LAKEVILLEMN55044814772781501(C)(3)$100,000$0EDUCATION INNOVATION VENTURES
BIG BROTHERS BIG SISTERS OF METRO ATLANTA
POB 78215ATLANTAGA30357580861895501(C)(3)$20,000$0GENERAL SUPPORT
BOTTOM LINE
500 AMORY ST STE 3BOSTONMA02130043351427501(C)(3)$1,000,000$0MENTORING & ADVISING
BOYS & GIRLS CLUB OF THE TWIN CITIES
690 JACKSON STST PAULMN55130410842657501(C)(3)$20,000$0GENERAL SUPPORT
BRIDGE2LIFE SOUTH FLORIDA
600 SE 3RD AVEFORT LAUDERDALEFL33301592359433501(C)(3)$20,000$0GENERAL SUPPORT
BROKEN MEN FOUNDATION
101 COWARDIN AVE STE 103RICHMONDVA23224464736897501(C)(3)$20,000$0GENERAL SUPPORT
BROTHERS
30 CAMPUS RDANNADALEONHUDSONNY12504141713034501(C)(3)$600,000$0MEN OF COLOR
BUSINESS-HIGHER EDUCATION FORUM
1 DUPOINT CIR STE 360WASHINGTONDC20036341986692501(C)(3)$687,500$0PROGRAM SUPPORT
CALIFORNIA COMPETES
254 AMHERST AVEKENSINGTONCA94708882393598501(C)(3)$1,500,000$0SINGLE MOTHER STUDENT SUCCESS
CALIFORNIA STATE UNIVERSITY DOMINGUEZ HILLS PHILANTHROPIC FOUNDATION
1000 E VICTORIA STCARSONCA90747473097839501(C)(3)$585,035$0MEN OF COLOR
CALIFORNIA STATE UNIVERSITY NORTHRIDGE FOUNDATION
18111 NORDHOFF ST VALERA HALL 110NORTHRIDGECA91330956196006501(C)(3)$100,000$0GENERAL SUPPORT
CALIFORNIA STATE UNIVERSITY CHANNEL ISLANDS FOUNDATION
1 UNIVERSITY DRCAMARILLOCA93012770433230501(C)(3)$50,000$0GENERAL SUPPORT
CALIFORNIA STUDENT AID COMMISSION
11040 WHITE ROCK RDRANCHO CORDOVACA95670680412350501(C)(3)$20,000$0GENERAL SUPPORT
CALMATTERS
1303 J ST STE 200SACRAMENTOCA95814472474086501(C)(3)$75,000$0PROGRAM SUPPORT
CAMPAIGN FOR COLLEGE OPPORTUNITY
1149 S HILL ST STE 925LOS ANGELESCA90015200427622501(C)(3)$600,000$0PROGRAM SUPPORT
CAMPUS COMPACT
89 SOUTH ST STE 106BOSTONMA02011050493226501(C)(3)$547,500$0TRANSFORMING HIGHER EDUCATION INSTITUTIONS
CAPITAL AREA FOOD BANK
4900 PUERTO RICO AVE NEWASHINGTONDC20017521167581501(C)(3)$10,000$0GENERAL SUPPORT
CARRIE STEELE-PITTS HOME
667 FAIRBURN RD NWATLANTAGA30331580607078501(C)(3)$20,000$0GENERAL SUPPORT
CCF COMMUNITY INITIATIVES FUND
221 S FIGUEROA ST STE 400LOS ANGELESCA90012954774698501(C)(3)$100,000$0GENERAL SUPPORT
CCHAT CENTER
11100 COLOMA RDRANCHO CORDOVACA95670461362294501(C)(3)$20,000$0GENERAL SUPPORT
CENTREVILLE LAYTON SCHOOL
6201 KENNETT PIKECENTREVILLEDE19807510232858501(C)(3)$10,000$0GENERAL SUPPORT
COALITION OF ASIAN PACIFICS IN ENTERTAINMENT FOUNDATION INC
360 E 2ND ST STE 800LOS ANGELESCA90012954552979501(C)(3)$50,000$0GENERAL SUPPORT
COLLEGE HOUSING NORTHWEST
200 SW MARKET ST STE 575PORTLANDOR97201930578172501(C)(3)$378,340$0BASIC NEEDS
COLLEGE PROMISE
90 CHURCH STREET FL 1 7082NEW YORKNY10008133615533501(C)(3)$580,000$0PROGRAM SUPPORT
COLLEGIATE EDU-NATION
PO BOX 194ROSCOETX79545832468060501(C)(3)$800,000$0WORK BASED LEARNING
COLORADO RIVER HISTORICAL SOCIETY
PO BOX 1599BULLHEAD CITYAZ86430860473992501(C)(3)$10,000$0GENERAL SUPPORT
KENTUCKY COUNCIL ON POSTSECONDARY EDUCATION
100 AIRPORT RD 3RD FLFRANKFORTKY40601610600439GOV'T ENTITY$1,551,356$0BASIC NEEDS
COMMUNITIES IN SCHOOLS OF NEVADA INC
241 RIDGE ST STE 280RENONV89501880292094501(C)(3)$15,000$0GENERAL SUPPORT
CORO SOUTHERN CALIFORNIA
1000 N ALAMEDA ST STE 240LOS ANGELESCA90012954274561501(C)(3)$17,500$0GENERAL SUPPORT
CRISTO REY JESUIT HIGH SCHOOL
2924 4TH AVE SMINNEAPOLISMN55408204548714501(C)(3)$20,000$0GENERAL SUPPORT
CUNY BLACK MALE INITIATIVE PROGRAM
555 W 57TH ST STE 1401NEW YORKNY10019131988190501(C)(3)$499,358$0MEN OF COLOR
DELASALLE HIGH SCHOOL
1 DELASALLE DRMINNEAPOLISMN55401410705834STATE SCHOOL$35,000$0GENERAL SUPPORT
DOWNTOWN WOMEN'S CENTER
442 S SAN PEDRO STLOS ANGELESCA90013311597223501(C)(3)$10,000$0GENERAL SUPPORT
ECMC GROUP INC
111 WASHINGTON AVE S STE 1400MINNEAPOLISMN55401411991995501(C)(3)$1,682,000$0QUESTION THE QUO, GENERAL SUPPORT
EDSOURCE INC
436 14TH ST STE 310OAKLANDCA94612942434900501(C)(3)$125,000$0COMMUNICATIONS & MEDIA
EDUCATION COMMISSION OF THE STATES
700 BROADWAY ST 810DENVERCO80203310722194501(C)(3)$305,982$0PROGRAM SUPPORT
EDUCATION NORTHWEST
101 SW MAIN STE 500PORTLANDOR97204930553346501(C)(3)$6,000$0GENERAL SUPPORT
EDUCATION WRITERS ASSOCIATION
1825 K ST NW STE 200WASHINGTONDC20006237439790501(C)(3)$120,000$0GENERAL SUPPORT
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
111 WASHINGTON AVE S STE 1400MINNEAPOLISMN55401411778617501(C)(3)$2,000,000$0PROJECT SUCCESS
EL BUEN SAMARITANO EPISCOPAL MISSION
7000 WOODHUE DRAUSTINTX78745742488682501(C)(3)$7,500$0GENERAL SUPPORT
EL PASO COMMUNITY COLLEGE
9050 VISCOUNT BLVDEL PASOTX79925741690850STATE SCHOOL$7,500$0GENERAL SUPPORT
EQUIPHER INC
17401 COMMERCE PARK BLVD STE 103TAMPAFL33647831072707501(C)(3)$20,000$0GENERAL SUPPORT
EVERY MEAL
2723 PATTON RDROSEVILLEMN55113800919680501(C)(3)$20,000$0GENERAL SUPPORT
EXCELENCIA IN EDUCATION
1156 15TH STREET NW STE 1001WASHINGTONDC20005200927912501(C)(3)$1,510,000$0PROGRAM SUPPORT
FACE TO FACE HEALTH AND COUNSELING SERVICES
1165 ARCADE STST PAULMN55106410986780501(C)(3)$20,000$0GENERAL SUPPORT
FINDING OUR VOICES
PO BOX 943CAMDENME04843862577009501(C)(3)$10,000$0GENERAL SUPPORT
FIRST GEN EMPOWER
18 BROOKSTONE WAYHAYWARDCA94544853278252501(C)(3)$20,000$0GENERAL SUPPORT
FOOD & FRIENDS INC
219 RIGGS RD NEWASHINGTONDC20011521648941501(C)(3)$10,000$0GENERAL SUPPORT
FOUNDATION FOR EDEN PRAIRIE SCHOOLS
8100 SCHOOL RDEDEN PRAIRIEMN55344431999421501(C)(3)$20,000$0GENERAL SUPPORT
FRIENDS OF SOUTH HIGH FOUNDATION
3131 19TH AVE SMINNEAPOLISMN55407411506266501(C)(3)$50,000$0GENERAL SUPPORT
FUTURE LINK INC
15 W GUDE DR STE 150ROCKVILLEMD20850262546011501(C)(3)$200,000$0WORK BASED LEARNING
FUTURO HEALTH
1610 R ST STE 300-112SACRAMENTOCA95811843847958501(C)(3)$500,000$0PROGRAM SUPPORT
GEORGIA PARTNERSHIP FOR EXCELLENCE IN EDUCATION INC
270 PEACHTREE ST NW STE 2200ATLANTAGA30303581974586501(C)(3)$620,000$0PROGRAM SUPPORT
GIVE A BEAT
850 W 3RD ST E STE 328LOS ANGELESCA90012461378116501(C)(3)$6,000$0GENERAL SUPPORT
GRANTMAKERS FOR EDUCATION
400 SE 103RD DR 33348PORTLANDOR97216330919329501(C)(3)$69,200$0GENERAL SUPPORT
HENRY E HUNTINGTON LIBRARY AND ART GALLERY
1151 OXFORD RDSAN MARINOCA91108951644589501(C)(3)$10,000$0GENERAL SUPPORT
HIGHER LEARNING ADVOCATES
1201 CONNECTICUT AVE NW STE 651WASHINGTONDC20036814690411501(C)(3)$10,000$0GENERAL SUPPORT
HIRED
217 5TH AVE N 3RD FLMINNEAPOLISMN55401416078344501(C)(3)$12,500$0GENERAL SUPPORT
HISPANICS IN PHILANTHROPY
414 13TH ST STE 200OAKLANDCA94612943040607501(C)(3)$484,500$0PROGRAM SUPPORT
HMONG EARLY CHILDHOOD COALITION
724 BIELENBERG DR 6WOODBURYMN55125831217023501(C)(3)$20,000$0GENERAL SUPPORT
HOPE 4 YOUTH
2191 NORTHDALE BLVD NWCOON RAPIDSMN55433461626500501(C)(3)$20,000$0GENERAL SUPPORT
HOUSTON JUMPERS YB
20131 BROOKWOOD HOLWRICHMONDTX77407833248205501(C)(3)$20,000$0GENERAL SUPPORT
HOWARD UNIVERSITY
2400 6TH ST NWWASHINGTONDC20059530204707501(C)(3)$368,062$0BASIC NEEDS
IMPACT TEEN DRIVERS FUND
2210 21ST STSACRAMENTOCA95818260595165501(C)(3)$10,000$0GENERAL SUPPORT
IMPROVE YOUR TOMORROW INC
1901 ROYAL OAKS DRSACRAMENTOCA95815462981774501(C)(3)$250,000$0MEN OF COLOR
INDEPENDENT SCHOOL DISTRICT 196 - ROSEMOUNT HIGH SCHOOL
3455 153RD ST WROSEMOUNTMN55068416007792SCHOOL DISTRICT$10,000$0GENERAL SUPPORT
INDIANA UNIVERSITY FOUNDATION
1500 STATE RD 46BLOOMINGTONIN47408356018940501(C)(3)$10,000$0GENERAL SUPPORT
INSTITUTE FOR CITIZENS & SCHOLARS
104 CARNEGIE CENTER STE 301PRINCETONNJ08540210703075501(C)(3)$1,422,725$0PROGRAM SUPPORT, CTE LEADERSHIP COLLABORATIVE INITIATIVE
INSTITUTE FOR EVIDENCE-BASED CHANGE
3711 LONG BEACH BLVD STE 5033LONG BEACHCA90807263542835501(C)(3)$748,000$0PROGRAM SUPPORT
INSTITUTE FOR POLICY RESEARCH NORTHWESTERN UNIVERSITY
2040 N SHERIDANEVANSTONIIL60208362167817501(C)(3)$749,525$0GENERAL SUPPORT
INTERFAITH COMMUNITY SERVICES
2820 W INA RDTUCSONAZ85741860520997501(C)(3)$281,544$0SINGLE MOTHER STUDENT SUCCESS
ITHAKA HARBORS INC
ONE LIBERTY PLZ 5TH FLNEW YORKNY10006133857105501(C)(3)$1,310,550$0BASIC NEEDS, CROSS SECTOR COLLABORATION
JAMES B HUNT JR INSTITUTE FOR EDUCATIONAL LEADERSHIP & POLICY FOUNDATION
4000 CENTREGREEN WAY STE 301CARYNC27513800025367501(C)(3)$400,000$0PROGRAM SUPPORT
JEWISH COMMUNITY CENTER OF GREATER ALBUQUERQUE
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JEWISH VOCATIONAL SERVICE INC
75 FEDERAL ST 3RD FLOORBOSTONMA02110042104357501(C)(3)$400,000$0PROGRAM SUPPORT
JOBS FOR THE FUTURE
50 MILK ST 17TH FLBOSTONMA02109061164568501(C)(3)$885,000$0CROSS SECTOR COLLABORATION, CTE LEADERSHIP COLLABORATION
JORDAN ELEMENTARY SCHOOL
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JUNIOR ACHIEVEMENT OF SACRAMENTO
3800 WATT AVESACRAMENTOCA95821946080866501(C)(3)$10,000$0GENERAL SUPPORT
KENNETT EDUCATION FOUNDATION
PO BOX 849KENNETT SQUAREPA19348233070339501(C)(3)$20,000$0GENERAL SUPPORT
KIDS IN NEED FOUNDATION
2719 PATTON RDROSEVILLEMN55113821078462501(C)(3)$20,000$0GENERAL SUPPORT
LAKER EDUCATIONAL FOUNDATION
PO BOX 840PRIOR LAKEMN55372383717510501(C)(3)$10,000$0GENERAL SUPPORT
LAKES INTERNATIONAL LANGUAGE ACADEMY
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LA-TECHORG
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LET'S GET READY
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LITERACY MINNESOTA
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855 N VERMONT AVELOS ANGELESCA90029956207819501(C)(3)$85,000$0GENERAL SUPPORT
LOS RIOS COLLEGES FOUNDATION
1919 SPANOS CTSACRAMENTOCA95825942506591501(C)(3)$10,000$0GENERAL SUPPORT
LUNAR STARTUPS
370 WABASHA ST N STE 500ST PAULMN55102844699429501(C)(3)$12,500$0GENERAL SUPPORT
MACPHAIL CENTER FOR MUSIC
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MARTHA'S TABLE
2375 ELVANS RD SEWASHINGTONDC20090521186071501(C)(3)$10,000$0GENERAL SUPPORT
MARY'S CENTER FOR MATERNAL AND CHILD CARE INC
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MDRC
200 VESEY ST 23RD FLNEW YORKNY10281237379473501(C)(3)$750,000$0PROGRAM SUPPORT
MILE 2 CONSULTING LLC
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MINNESOTA EDUCATION EQUITY PARTNERSHIP (MNEEP)
2233 UNIVERSITY AVE W STE 220ST PAULMN55114411699505501(C)(3)$20,000$0GENERAL SUPPORT
MOMS ON A MISSION
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MT HOREB SCHOOL PARENT TEACHER ORGANIZATION
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NAACP LEGAL DEFENSE AND EDUCATIONAL FUND
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NATIONAL ASSOCIATION OF SYSTEM HEADS
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NATIONAL PUBLIC RADIO
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NATIONAL STUDENT LEGAL DEFENSE NETWORK
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NATIVITY OF OUR LORD SCHOOL
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NEW AMERICA
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NORTH BRANCH AREA EDUCATION FOUNDATION
38868 12TH AVE 4NORTH BRANCHMN55056272029579501(C)(3)$10,000$0GENERAL SUPPORT
NORTHSIDE ACHIEVEMENT ZONE (NAZ)
2123 W BROADWAY AVE 100MINNEAPOLISMN55411300238807501(C)(3)$20,000$0GENERAL SUPPORT
NOTRE DAME HIGH SCHOOL OF WEST HAVEN INC
1 NOTRE DAME WAYWEST HAVENCT06516060646748STATE SCHOOL$25,000$0GENERAL SUPPORT
ONE MILLION DEGREES
180 N WABASH STE 310CHICAGOIL60601421710230501(C)(3)$800,000$0MENTORING & ADVISING
ONEGOAL - HOUSTON
2799 KATY FWY STE 250 OFFICE 11HOUSTONTX77007562369898501(C)(3)$20,000$0GENERAL SUPPORT
OPEN CAMPUS MEDIA INC
1 THOMAS CIR NW STE 700WASHINGTONDC20005842427054501(C)(3)$150,000$0COMMUNICATIONS & MEDIA
OPEN SYLLABUS INC
306 W 100TH ST STE 61NEW YORKNY10025843255967501(C)(3)$800,000$0TRANSFER & CREDIT MOBILITY
ORANGE COUNTY DEPARTMENT OF EDUCATION
200 KALMUS DRCOSTA MESACA92626956000943GOV'T ENTITY$10,000$0GENERAL SUPPORT
PAGE EDUCATION FOUNDATION
901 N 3RD ST STE 355MINNEAPOLISMN55401363605013501(C)(3)$20,000$0GENERAL SUPPORT
PATH TO COLLEGE
PO BOX 487LAKE WORTHFL33460815228014501(C)(3)$20,000$0GENERAL SUPPORT
POSTSECONDARY NATIONAL POLICY INSTITUTE
1828 L ST NW STE 300-AWASHINGTONDC20036474374655501(C)(3)$200,002$0PROFESSIONAL & LEADERSHIP DEVELOPMENT
PRAGER UNIVERSITY FOUNDATION
15021 VENTURA BLVD 552SHERMAN OAKSCA91403271763901501(C)(3)$10,000$0GENERAL SUPPORT
PROSPERITYME
175 LANCASTER ST STE 216PORTLANDME04010800362127501(C)(3)$30,000$0GENERAL SUPPORT
PUBLIC AGENDA INC
1 DOCK 72 WAY 6101BROOKLYNNY11205132847587501(C)(3)$740,000$0TRANSFER & CREDIT MOBILITY
PUBLIC POLICY INSTITUTE OF CALIFORNIA
500 WASHINGTON ST STE 600SAN FRANCISCOCA94111943207299501(C)(3)$10,000$0GENERAL SUPPORT
REACH UNIVERSITY
1221 PRESERVATION PARK WAY STE 100OAKLANDCA94612271274290501(C)(3)$1,000,000$0WORK BASED LEARNING
READING PARTNERS TWIN CITIES
2324 UNIVERSITY AVE W 105ST PAULMN55114770568469501(C)(3)$20,000$0GENERAL SUPPORT
REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES
2005 MOORE HALLLOS ANGELESCA90095956006143501(C)(3)$300,000$0BASIC NEEDS
ROADTRIP NATION PART OF STRADA COLLABORATIVE
10 W MARKET ST STE 1100INDIANAPOLISIN46204861250084501(C)(3)$550,000$0MEN OF COLOR
ROBIN MERGER CORPORATION INC
2800 S SHIRLINGTON RD STE 1001ARLINGTONVA22206526078980501(C)(3)$150,000$0COMMUNICATIONS & MEDIA
SAAB NATIONAL HEADQUARTERS
PO BOX 350842TOLEDOOH43635760815208501(C)(3)$10,000$0GENERAL SUPPORT
SACRAMENTO LOAVES AND FISHES
PO BOX 13495SACRAMENTOCA95813680189897501(C)(3)$20,000$0GENERAL SUPPORT
SAN RAMON VALLEY UNIFIED SCHOOL DISTRICT
699 OLD ORCHARD DRDANVILLECA94526680273221SCHOOL DISTRICT$10,000$0GENERAL SUPPORT
SANFORD SCHOOL
6900 LANCASTER PIKEHOCKESSINDE19707510064331501(C)(3)$10,000$0GENERAL SUPPORT
SCGA FOUNDATION
3740 CAHUENGA BLVDSTUDIO CITYCA91604953858373501(C)(3)$50,000$0GENERAL SUPPORT
SCHOOLS ON WHEELS (CA)
PO BOX 23371VENTURACA93002954422640501(C)(3)$6,250$0GENERAL SUPPORT
SEACHANGE CAPITAL PARTNERS
420 LEXINGTON AVE STE 300NEW YORKNY10170205124665501(C)(3)$1,500,000$0TRANSFORMING HIGHER EDUCATION INSTITUTIONS
SIERRA HEALTH FOUNDATION CENTER FOR HEALTH PROGRAM MANAGEMENT
1321 GARDEN HWY STE 210SACRAMENTOCA95833455282243501(C)(3)$50,000$0GENERAL SUPPORT
SINCLAIR COMMUNITY COLLEGE
444 W 3RD STDAYTONOH45402310723444STATE SCHOOL$812,910$0PROFESSIONAL & LEADERSHIP DEVELOPMENT, WORK BASED LEARNING
SKILLPOINTE FOUNDATION INC
5256 PEACHTREE RD STE 130CHAMBLEEGA30341851384690501(C)(3)$140,000$0GENERAL SUPPORT
SOAR FOR YOUTH
PO BOX 1291BERKELEYCA94701264425202501(C)(3)$20,000$0GENERAL SUPPORT
SOUTHERN CALIFORNIA COLLEGE ATTAINMENT NETWORK
1000 N ALAMEDA ST STE 240LOS ANGELESCA90012954302067501(C)(3)$10,000$0GENERAL SUPPORT
SOUTHERN CALIFORNIA GRANTMAKERS
1000 N ALAMEDA ST STE 230LOS ANGELESCA90012952831058501(C)(3)$25,000$0GENERAL SUPPORT
SOUTHERN CALIFORNIA PUBLIC RADIO
474 S RAYMOND AVEPASADENACA91105954765734501(C)(3)$25,000$0GENERAL SUPPORT
SPARK YOUTH
681 17TH AVE NE STE 101MINNEAPOLISMN55413800331558501(C)(3)$20,000$0GENERAL SUPPORT
ST CHARLES BORROMEO SCHOOL
2727 STINSON BLVDST ANTHONYMN55418410706912STATE SCHOOL$10,000$0GENERAL SUPPORT
STAR OF THE SEA CHURCH
4420 GEARY BLVDSAN FRANCISCOCA94118941156802501(C)(3)$15,000$0GENERAL SUPPORT
STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION
3035 CENTER GREEN DR STE 100BOULDERCO80301237167258501(C)(3)$765,000$0PROGRAM SUPPORT
STTE FOUNDATION
2601 N STANTON ST STE AEL PASOTX79902461997449501(C)(3)$25,000$0GENERAL SUPPORT
SUMMIT ACADEMY OIC
935 OLSON MEMORIAL HWYMINNEAPOLISMN55405410908458501(C)(3)$10,000$0GENERAL SUPPORT
SUPPORTING THE TAYLOR HOUSE INC
PO BOX 853ROSEVILLECA95678460748514501(C)(3)$30,000$0GENERAL SUPPORT
TEACH FOR AMERICA TWIN CITIES
401 N 2ND AVE STE 200MINNEAPOLISMN55401133541913501(C)(3)$15,000$0GENERAL SUPPORT
TEMECULA VALLEY UNIFIED SCHOOL DISTRICT
31350 RANCHO VISTA RDTEMECULACA92592330741945SCHOOL DISTRICT$10,000$0GENERAL SUPPORT
TEXAS COMMUNITY COLLEGE EDUCATION INITIATIVE
1304 SAN ANTONIO STAUSTINTX78701562358912501(C)(3)$250,000$0TRANSFER & CREDIT MOBILITY
TEXAS TRIBUNE INC
919 CONGRESS AVE 6TH FLAUSTINTX78701264527097501(C)(3)$110,000$0COMMUNICATIONS & MEDIA
THE ALASKA COMMUNITY FOUNDATION
3201 C ST STE 110ANCHORAGEAK99503920155067501(C)(3)$50,000$0GENERAL SUPPORT
THE ASME FOUNDATION INC
2 PARK AVENEW YORKNY10016133372934501(C)(3)$800,000$0WORK BASED LEARNING
THE ASPEN INSTITUTE
2300 N ST NW STE 700WASHINGTONDC20037840399006501(C)(3)$87,500$0SINGLE MOTHER STUDENT SUCCESS
THE CENTER TO ADVANCE CTE
8484 GEORGIA AVE STE 620SILVER SPRINGMD20910731086246501(C)(3)$540,000$0PROGRAM SUPPORT
THE COMMUNITY FOUNDATION FOR NORTHERN VIRGINIA
2940 HUNTER MILL RD STE 201OAKTONVA22124510232459501(C)(3)$30,000$0GENERAL SUPPORT
THE HECHINGER REPORT
475 RIVERSIDE AVE STE 650NEW YORKNY10115131624202501(C)(3)$100,000$0COMMUNICATIONS & MEDIA
THE PARTNERSHIP PLAN
1875 GREELEY ST SSTILLWATERMN55082203012418501(C)(3)$15,000$0GENERAL SUPPORT
THE PILOT SCHOOL INC
100 GARDEN OF EDEN RDWILMINGTONDE19803510080692$10,000$0GENERAL SUPPORT
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA DAVIS
1 SHIELDS AVEDAVISCA95616946036494STATE SCHOOL$600,000$0BASIC NEEDS
THE SANNEH FOUNDATION
2090 CONWAY STST PAULMN55119562332269501(C)(3)$40,000$0GENERAL SUPPORT
THE TEEN WAREHOUSE INC
1121 THATCHER STWILMINGTONDE19802823855379501(C)(3)$10,000$0GENERAL SUPPORT
THE UCLA FOUNDATION
BOX 951590 WILSHIRE CTR STE 900LOS ANGELESCA90095952250801501(C)(3)$90,000$0GENERAL SUPPORT
THE UNIVERSITY INNOVATION ALLIANCE
300 E UNIVERSITY DR 6TH FLTEMPEAZ85281866051042501(C)(3)$100,000$0GENERAL SUPPORT
THE UNIVERSITY OF TEXAS AT AUSTIN
3925 W BRAKER LN BLDG 156 STE 3340AUSTINTX78759746000203STATE SCHOOL$669,991$0MEN OF COLORMC A9000
THE URBAN INSTITUTE
500 LENFANT PLZWASHINGTONDC20024520880375501(C)(3)$900,000$0PROGRAM SUPPORT, SINGLE MOTHER STUDENT SUCCESS
THINK NEW MEXICO
1227 PASEO DEL PERALTASANTA FENM87501311611995501(C)(3)$10,000$0GENERAL SUPPORT
THINKWATTS FOUNDATION
1225 E 100TH STLOS ANGELESCA90002832224841501(C)(3)$20,000$0GENERAL SUPPORT
THIRD SECTOR CAPITAL PARTNERS INC
225 FRANKLIN ST STE 350BOSTONMA02110461301032501(C)(3)$750,000$0PROGRAM SUPPORT
US DEPARTMENT OF EDUCATION
400 MARYLAND AVE SWWASHINGTONDC20202521198289GOV'T ENTITY$40,000$0GENERAL SUPPORT
UASPIRE
31 MILK ST STE 900BOSTONMA02109461314848501(C)(3)$367,506$0PROGRAM SUPPORT
UATX
PO BOX 13491AUSTINTX78711871925354501(C)(3)$15,000$0GENERAL SUPPORT
UNIVERSITY OF CALIFORNIA IRVINE
5171 CALIFORNIA AVE STE 150IRVINECA92697952226406501(C)(3)$350,411$0BASIC NEEDS
UNIVERSITY OF CINCINNATI
PO BOX 19970CINCINNATIOH45219310896555501(C)(3)$400,000$0PROGRAM SUPPORT
UNIVERSITY OF HAWAII FOUNDATION
2444 DOLE ST BACHMAN HALL 105HONOLULUHI96822990085260501(C)(3)$50,000$0GENERAL SUPPORT
UNIVERSITY OF HOUSTON DOWNTOWN
1 MAIN ST STE S990HOUSTONTX77002746001399501(C)(3)$750,000$0MENTORING & ADVISING
UNIVERSITY OF SOUTHERN CALIFORNIA RACE AND EQUITY CENTER
USC RACE EQUITY CTR 635 DOWNEY WAYLOS ANGELESCA90089951642394501(C)(3)$250,000$0MEN OF COLORVPD 214
VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES
901 E BYRD ST STE 1625RICHMONDVA23219540554396501(C)(3)$20,000$0GENERAL SUPPORT
WILLIAMSON COLLEGE OF THE TRADES
106 S NEW MIDDLETOWN RDMEDIAPA19063231352691501(C)(3)$10,000$0GENERAL SUPPORT
WOMEN EMPLOYED
1 E WACKER PL STE 3110CHICAGOIL60601362969526501(C)(3)$750,000$0PROGRAM SUPPORT
WOMEN'S FOUNDATION OF MINNESOTA
105 5TH AVE S STE 300MINNEAPOLISMN55401411635761501(C)(3)$15,000$0GENERAL SUPPORT
UNIVERSITY OF TENNESSEE KNOXVILLE
201 ANDY HOLT TOWERKNOXVILLETN37996626001636STATE SCHOOL$25,000$0PROGRAM SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org202Total501c3OrgCnt
Total Other Org3TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationHELPING LOW-INCOME STUDENTS PURSUE HIGHER EDUCATION IS CORE TO ECMC FOUNDATION'S MISSION. ECMC GROUP, INC. CLOSELY MONITORS THE USE OF THE CASH GRANTS TO ECMC GROUP, INC. THROUGH REPORTS TO MANAGEMENT AND THE BOARD OF DIRECTORS ON A REGULAR BASIS. THE REMAINING GRANTS AND ASSISTANCE TO THE ORGANIZATIONS LISTED IN PART II FURTHER ECMC FOUNDATION'S MISSION AND PROGRAM EVALUATIONS ARE PART OF ALL GRANT PROJECTS FUNDED.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Payments For Use Of ResidenceYes (X)PaymentsForUseOfResidenceInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsYes (1)CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsYes (1)CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (17 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JEREMY WHEATON
FORMER PRESIDENT & CEO, ECMC GROUP$0$0$0$0$0$1,622,127$0$0$0$0$0$1,622,127$0$122,127
DANIEL FISHER
PRESIDENT & CEO, ECMC GROUP$0$565,637$0$676,489$0$26,533$0$91,123$0$35,607$0$1,395,389$0$22,500
MARTIN SCANLON
CFO & TREASURER$0$417,201$0$475,795$0$25,315$0$74,390$0$30,429$0$1,023,130$0$22,500
PETER TAYLOR
PRESIDENT, ECMC FOUNDATION-PART YEAR$142,851$0$100,000$0$204,531$0$112,580$0$16,183$0$576,145$0$124,511$0
BRIAN BOARDMAN
GENERAL COUNSEL & CORP SECRETARY$0$285,326$0$160,921$0$7,408$0$45,095$0$41,259$0$540,009$0$4,902
JACOB FRAIRE
PRESIDENT, ECMC FOUNDATION$416,105$0$0$0$17,315$0$42,941$0$19,469$0$495,830$0$0$0
LYNN ALVAREZ
VP, FOUNDATION PROGRAMS & STRATEGY$320,779$0$0$0$4,188$0$34,837$0$20,767$0$380,571$0$277$0
JENNIFER ZEISLER
SENIOR DIR, PROGRAM MANAGEMENT$201,047$0$0$0$1,353$0$21,703$0$14,066$0$238,169$0$0$0
JESSICA HASELTON
DIR, EDUCATION INNOVATION VENTURES$173,875$0$0$0$1,368$0$16,902$0$37,902$0$230,047$0$0$0
SARAH BELNICK
SENIOR DIR, PROGRAM MANAGEMENT$181,014$0$0$0$683$0$22,527$0$21,931$0$226,155$0$0$0
JOANNA ROSENTHAL
DIR, COMMUNICATIONS$185,231$0$0$0$845$0$22,808$0$6,206$0$215,090$0$0$0
JAMES V MCKEON
BOARD CHAIR$0$197,500$0$0$0$0$0$0$0$0$0$197,500$0$0
LORAINE PARK
DIR, LEARNING & EVALUATION$141,850$0$0$0$1,547$0$17,138$0$28,130$0$188,665$0$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
I KING JORDAN
FORMER DIRECTOR$0$30,000$0$0$0$0$0$0$0$0$0$30,000$0$0

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATAX 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. PAYMENTS FOR BUSINESS USE OF PERSONAL RESIDENCE: ECMC FOUNDATION PAID TEMPORARY HOUSING IN LIEU OF HOTEL FOR THE PRESIDENT, JACOB FRAIRE. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION.
PART I, LINE 3THE ONLY EXECUTIVE OFFICERS COMPENSATED BY ECMC FOUNDATION WAS THE PRESIDENT, JACOB FRAIRE, AND FORMER PRESIDENT, PETER TAYLOR. ALL OTHER EXECUTIVE OFFICERS' COMPENSATION WAS PAID BY RELATED ORGANIZATIONS.
PART I, LINES 4A-BLINE 4A - SEVERANCE OR CHANGE-OF-CONTROL PAYMENT: JEREMY WHEATON RECEIVED A $1,500,000 SEVERANCE PAYMENT IN 2023. 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 2023, DANIEL FISHER AND MARTIN SCANLON PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $32,289 AND $11,248, RESPECTIVELY, AND PETER TAYLOR PARTICIPATED IN THE SERP PLAN, AND RECEIVED AN EMPLOYER CONTRIBUTION OF $106,811.
PART I, LINE 5THE ONLY EXECUTIVE OFFICERS COMPENSATED BY ECMC FOUNDATION WAS THE PRESIDENT, JACOB FRAIRE, AND FORMER PRESIDENT, PETER 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.
PART I, LINE 6THE ONLY EXECUTIVE OFFICERS COMPENSATED BY ECMC FOUNDATION WAS THE PRESIDENT, JACOB FRAIRE, AND FORMER PRESIDENT, PETER TAYLOR. ALL OTHER EXECUTIVE OFFICERS' COMPENSATION WAS PAID BY RELATED ORGANIZATIONS. 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 (13 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 2STARTING IN 2023, ECMC FOUNDATION DIRECTED FUNDING TO SUPPORT APPROVED INITIATIVES, THE STRATEGICALLY RESPONSIVE PORTFOLIO AND PROGRAM-RELATED INVESTMENTS THROUGH EDUCATION INNOVATION VENTURES. DESCRIPTIONS CAN BE FOUND ON FORM 990, PART III, LINE 4.
FORM 990, PART III, LINE 3IN JANUARY 2023, ECMC FOUNDATION MADE THE DECISION TO CLOSE OUT THE CAREER READINESS AND COLLEGE SUCCESS PROGRAMS. GRANTS PREVIOUSLY AWARDED BY ECMC FOUNDATION UNDER THE CAREER READINESS AND COLLEGE SUCCESS PROGRAMS WILL CONTINUE TO BE PAID THROUGH JUNE 2025 AND NOVEMBER 2025, RESPECTIVELY.
FORM 990, PART VI, SECTION A, LINE 4ECMC FOUNDATION'S BYLAWS AND CERTIFICATE OF INCORPORATION WERE AMENDED TO REMOVE ECMC EDUCATION, INC. AS A SUPPORTED ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 6ECMC FOUNDATION 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 7AECMC GROUP, INC. HAS THE RIGHT TO ELECT AND/OR APPROVE ALL THE DIRECTORS OF THE ECMC FOUNDATION BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BECMC 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, SECTION B, LINE 11BALL 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 12COFFICERS, 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 15THE ONLY EXECUTIVE OFFICER COMPENSATED BY ECMC FOUNDATION WAS THE PRESIDENT, JACOB FRAIRE, AND FORMER PRESIDENT, PETER TAYLOR. ALL OTHER EXECUTIVE OFFICERS' COMPENSATION WAS PAID BY RELATED ORGANIZATIONS. THE GOVERNANCE & COMPENSATION COMMITTEE OF THE ECMC GROUP, INC. (ECMC FOUNDATION'S PARENT ORGANIZATION) BOARD OF DIRECTORS IS WHOLLY COMPRISED OF INDEPENDENT, OUTSIDE DIRECTORS. IN 2023, THE COMMITTEE RETAINED EXECUTIVE COMPENSATION EXPERTS FROM GRANT THORNTON AND PEARL MEYER, GLOBAL COMPENSATION CONSULTING ORGANIZATIONS, 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 GRANT THORNTON AND PEARL MEYER FOR ARNOLD & PORTER KAYE SCHOLER LLP INCLUDES SALARY AND INCENTIVE DATA FROM AN APPROPRIATE PEER GROUP UNDER IRS REGULATIONS AND INCLUDES ONLY NONPROFIT ENTITIES FOR THE ECMC FOUNDATION PRESIDENT.
FORM 990, PART VI, SECTION C, LINE 19THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC ON ECMC FOUNDATION'S WEBSITE. DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUIRED BY LAW.
FORM 990, PART VII, SECTION A: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: EDUCATIONAL CREDIT MANAGEMENT CORPORATION AND ECMC GROUP, INC. WITH THE EXCEPTION OF THE PRESIDENT, JACOB FRAIRE, AND FORMER PRESIDENT, PETER 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: EDUCATIONAL CREDIT MANAGEMENT CORPORATION AND ECMC GROUP, INC. JOHN DEPODESTA AND I. KING JORDAN, FORMER DIRECTORS, HAD CONSULTING AGREEMENTS IN 2023.
FORM 990, PART X, LINE 12:INVESTMENTS-OTHER SECURITIES OF $1,678,888,242 ARE HELD IN THE ECMC GROUP, INC. APPORTIONED INVESTMENT POOL AND $400,000 ARE INVESTED IN A FUND OUTSIDE OF THE APPORTIONED INVESTMENT POOL. INVESTMENTS IN ECMC GROUP, INC. APPORTIONED 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 TOPIC 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 ECMC FOUNDATION IS TO DIVERSIFY RISK AND PROVIDE A RETURN THAT SATISFIES THE SHORT- AND LONG-TERM OBJECTIVES. THE APPORTIONED INVESTMENT POOL HAS UNFUNDED COMMITMENTS OF APPROXIMATELY $431,080,000 IN ALTERNATIVE INVESTMENTS. ECMC FOUNDATION HAS NO UNFUNDED COMMITMENTS TO THE APPORTIONED INVESTMENT POOL AT DECEMBER 31, 2023.
FORM 990, PART XI, LINE 9:GRANTS AWARDED IN A PRIOR YEAR AND RETURNED OR REFUNDED IN 2023. 153,541.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

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ECMC GROUP INC
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Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (21 entries)

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CHLOE CAPITAL FUND I LP
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15 OLD DANBURY RDWILTONCT06897842082338INVESTMENTSDEN/A00
CRP VF IV GP LP
7600 N CAP OF TX HWY BLDG B STE 130AUSTINTX78731863644095INVESTMENTSDEN/A00
ECMC-UV CO-INVESTMENT FUND LP
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TABOR OFFSHORE OPPORTUNITIES LTD
11 E 44TH ST STE 705NEW YORKNY10017INVESTMENTSN/A00CJ
UP FUND I A SERIES OF BOOST VC SPV LP
PO BOX 3217SEATTLEWA98114851519551INVESTMENTSDEN/A00
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COLT ENERGY OPPORTUNITIES II LLC
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SOLGEN CAPITAL PARTNERS I LP
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503 WWS INVESTORS LLC
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GENGLOBAL CORE LLC
2810 N CHURCH ST PMB 85501WILMINGTONDE19802934209535INVESTMENTSDEN/A00
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4688 KEYSTONE CROSSINGEAU CLAIREWI54701991926788INVESTMENTSMNN/A00
GALAHAD INVESTORS MAPLEWOOD LLC
1910 COUNTY RD C EMAPLEWOODMN55109991935774INVESTMENTSMNN/A00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

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OAKDALE INVESTMENT MANAGEMENT CORPORATION
111 WASHINGTON AVE SO STE 1400MINNEAPOLISMN55401352085743HOLDING INVESTMENTSDEN/AC0
ECMC HOLDINGS CORPORATION
111 WASHINGTON AVE SO STE 1400MINNEAPOLISMN55401411991992STRATEGIC OVERSIGHTDEN/AC0
ECMC RECORDS & RECEIVABLES MANAGEMENT CORPORATION
111 WASHINGTON AVE SO STE 1400MINNEAPOLISMN55401411989959DOCUMENT MANAGEMENTDEN/AC0
FieldValueIRS element (for citing)
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Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
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