2023-11-14T17:18:21-06:00 2022-12-31 135565207 KPMG LLP 90 S 7TH ST STE 4200 MINNEAPOLIS MN 55402 990 2022-01-01 472237488 ECMC EDUCATION INC ECMC 6512210566 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 MARTIN A SCANLON CFO & TREASURER 6512210566 2023-11-14 1 MARTIN SCANLON 999009999 0 MONROE GIERL P01413237 6123055000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALTIERUS CAREER COLLEGE DANIEL S FISHER 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 43495652 0 X WWW.ECMCEDUCATION.ORG X 2014 DE ECMC EDUCATION, INC'S MISSION IS TO TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CARRERS AND COMMUNITIES. 10 9 245 0 0 0 35292458 27213516 23971906 16279524 3000 0 9166 2612 59276530 43495652 7114388 1924278 0 0 18549427 18521013 0 0 0 25361271 29323910 51025086 49769201 8251444 -6273549 8920568 11798068 44038729 53189778 -35118161 -41391710 X ECMC EDUCATION, INC.'S MISSION IS TO TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CAREERS AND COMMUNITIES. 0 1 23227311 0 16272732 INSTRUCTION AND STUDENT SERVICES.ECMC EDUCATION, INC., DBA ALTIERUS CAREER COLLEGE, IS A NONPROFIT PROVIDER OF CAREER SCHOOL TRAINING IN THE POSTSECONDARY EDUCATION INDUSTRY OFFERING EDUCATIONAL OPPORTUNITIES WITH AN EMPHASIS IN ALLIED HEALTH AND TRADES. ECMC EDUCATION, INC. ENGAGES WITH FACULTY, INDUSTRY LEADERS, AND EMPLOYERS TO HELP IDENTIFY SKILLS, COMPETENCIES, BEHAVIORS AND CERTIFICATIONS THAT FIT THE NEEDS OF THE MARKETPLACE AND ENHANCE EACH GRADUATE'S ABILITY TO FIND A JOB IN HIS OR HER CHOSEN FIELD. THE SCHOOLS ARE ACCREDITED TO GRANT DIPLOMA AND ASSOCIATE DEGREES. (CONTINUED ON SCHEDULE O)ECMC EDUCATION, INC. SERVES A NON-TRADITIONAL, UNDERSERVED STUDENT POPULATION: 67% OF ECMC EDUCATION, INC. STUDENTS ARE ELIGIBLE FOR PELL GRANTS (54% ARE ELIGIBLE FOR FULL PELL GRANTS); 65% OF ECMC EDUCATION, INC.'S STUDENT BODY IS FEMALE; 87% OF STUDENTS ARE NON-WHITE; 59% OF STUDENTS ARE OLDER THAN 25 YEARS OLD; 66% OF ECMC EDUCATION, INC.'S STUDENTS ARE FIRST-TIME, FIRST-YEAR COLLEGE STUDENTS; AND ONLY 20% OF STUDENTS DEPEND UPON THEIR PARENTS OR GUARDIANS' FINANCIAL RESOURCES. ECMC EDUCATION, INC. DELIVERS SERVICES THAT MAKE A STUDENT'S TRANSITION FROM HIGH SCHOOL TO A POSTSECONDARY INSTITUTION AS EASY AND STRAIGHTFORWARD AS POSSIBLE. ECMC EDUCATION, INC. DELIVERS A HOLISTIC LEARNING EXPERIENCE BY PROVIDING STUDENTS WITH INDIVIDUALIZED ACADEMIC SUPPORT THROUGH ACADEMIC COUNSELING, TUTORING, AND REMEDIAL EDUCATION SERVICES THAT FURNISH TOOLS AND RESOURCES NECESSARY FOR SUCCESSFUL PROGRAM COMPLETION; FINANCIAL LITERACY COUNSELING TO ASSIST STUDENTS IN MANAGING THEIR STUDENT LOANS AND TO HELP MINIMIZE THEIR STUDENT LOAN DEBT; AND CAREER COUNSELING TO PROMOTE MEANINGFUL EMPLOYMENT AFTER GRADUATION IN THE STUDENT'S FIELD OF STUDY.LEARNING RESOURCE CENTERS ON ECMC EDUCATION, INC. CAMPUSES SUPPORT ACADEMIC PROGRAMS BY PROVIDING BOOKS, SHOP AND SERVICE MANUALS, PERIODICALS, COMPUTERS AND CURRICULUM-BASED ONLINE RESOURCES. THE LEARNING RESOURCE CENTERS ARE STAFFED WITH TRAINED PROFESSIONALS TO ASSIST IN THE RESEARCH NEEDS OF STUDENTS AND FACULTY.THE EDUCATION ECMC EDUCATION, INC. STUDENTS RECEIVE EMPHASIZES EMPLOYABILITY AND PROFESSIONAL ACCOMPLISHMENT. THE ACADEMIC AND CAREER SUCCESS OF OUR GRADUATES IS PARAMOUNT. ECMC EDUCATION, INC.'S HOLISTIC APPROACH FOCUSES ON THE GOAL OF GRADUATION AND JOB PLACEMENT, EMPHASIZING STUDENT ATTENDANCE, OVERALL ATTITUDE, ACADEMIC PERFORMANCE AND SELF-DIRECTED JOB SEARCH SKILLS ACQUIRED THROUGH WORKING WITH THE CAREER SERVICES STAFF. ECMC EDUCATION, INC.'S CAREER SERVICES EXPERTS PROVIDE STUDENTS WITH PLACEMENT ASSISTANCE, INCLUDING PREPARATION OFRESUMES AND LETTERS OF INTRODUCTION, INTERVIEWING TECHNIQUES AND JOB REFERRALS. ECMC EDUCATION, INC. CAREER SERVICES PROFESSIONALS ALSO ARRANGE ON-CAMPUS EMPLOYER VISITS, LECTURES, CAREER FAIRS AND FIELD TRIPS TO ENHANCE THE LIKELIHOOD THAT STUDENTS WILL OBTAIN WELL-PAYING JOBS. ECMC EDUCATION, INC. ALSO OFFERS STUDENT ACTIVITIES THAT ENCOURAGE SCHOOL SPIRIT AND DEVELOP STUDENT LEADERSHIP, INCLUDING INTRAMURAL SPORTS, CLUBS, PROFESSIONAL DEVELOPMENT PROGRAMS, RESOURCE FAIRS AND OTHER EXTRACURRICULAR ACTIVITIES PLANNED YEAR-ROUND. ON MARCH 31, 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. AND ALL THREE OF ITS ALTIERUS SCHOOLS WAS APPROVED BY THE ECMC GROUP, INC. BOARD OF DIRECTORS, AND ECMC EDUCATION, INC. WOULD NO LONGER ACCEPT ENROLLMENTS EFFECTIVE IMMEDIATELY. IT IS ANTICIPATED THESE TEACH-OUTS WILL BE COMPLETED DURING 2023 WITH RELATED EXPENSES BEING SETTLED THROUGH 2027. THE CHANGE IS PART OF ECMC GROUP, INC.'S PLAN TO CONCENTRATE PRIMARILY ON ITS EDUCATIONAL CREDIT MANAGEMENT CORPORATION GUARANTOR-RELATED ACTIVITIES, ECMC FOUNDATION AND EDUCATION IMPACT INVESTING. AS OF DECEMBER 31, 2022, ECMC EDUCATION, INC. ENROLLS APPROXIMATELY 200 STUDENTS AND OPERATES THREE SCHOOLS IN THREE STATES UNDER THE ALTIERUS BRAND. 1924278 1924278 0 GRANTS AND SCHOLARSHIPS.ECMC EDUCATION, INC. OFFERS THE FOLLOWING SCHOLARSHIP AND GRANT PROGRAMS TO MAKE COLLEGE AFFORDABLE FOR OUR STUDENTS: ALTIERUS GRANTS, IN IT TOGETHER SCHOLARSHIPS, EMPLOYEE AND MILITARY SCHOLARSHIPS. FUNDS ARE AVAILABLE TO PAY FOR TUITION, BOOKS AND FEES.THE ALTIERUS GRANT IS AN INSTITUTIONAL GRANT PROGRAM AWARDED ON AN ANNUAL BASIS TO STUDENTS OF ALTIERUS SCHOOLS OWNED BY ECMC EDUCATION, INC. WHO DEMONSTRATE FINANCIAL NEED. THE AMOUNT AND SOURCE OF THE GRANT, WHICH CAN BE UP TO $10,000 PER ACADEMIC YEAR, IS AVAILABLE FOR NEW AND CONTINUING STUDENTS AND MAY VARY BY STUDENT BASED ON THE DEMONSTRATED FINANCIAL ASSISTANCE NEEDED AND INSTITUTIONAL GRANT FUNDING AVAILABILITY. IN 2022, ECMC EDUCATION, INC. DISTRIBUTED NEARLY $400,000 IN ALTIERUS GRANTS TO 265 STUDENTS.ALTIERUS MILITARY SCHOLARSHIPS OFFER UP TO 10% OF TUITION PER TERM OR ACADEMIC PERIOD FOR THEIR SPOUSES, AS WELL AS FOR VETERANS AND THEIR DEPENDENTS USING VA EDUCATION BENEFITS. IN 2022, ECMC EDUCATION, INC. DISTRIBUTED MORE THAN $110,000 IN MILITARY SCHOLARSHIPS TO 141 MILITARY PERSONNEL, VETERANS AND THEIR DEPENDENTS.AS OF DECEMBER 31, 2022, ECMC EDUCATION, INC. ENROLLS APPROXIMATELY 200 STUDENTS AND OPERATES THREE SCHOOLS IN THREE STATES UNDER THE ALTIERUS BRAND. 1286443 0 6792 ALTIERUS TRAINING SOLUTIONS.IN SUPPORT OF CAREER AND TECHNICAL EDUCATION (CTE) ECMC EDUCATION, INC. SEEKS TO BUILD PARTNERSHIPS WITH EDUCATORS, EMPLOYERS AND POLICYMAKERS TO TRAIN ESSENTIAL WORKERS. THROUGH INVESTMENTS IN VIRTUAL LEARNING TECHNOLOGY, PRODUCT DEVELOPMENT CAPABILITIES FOR EMPLOYER SOLUTIONS AND THOUGHT LEADERSHIP ACTIVITIES TO FOSTER INDUSTRY COLLABORATION, ECMC EDUCATION, INC. SEEKS TO ALIGN ITS AREAS OF EXPERTISE WITH THE EXPERIENCE AND NEEDS OF BUSINESS WHILE ALSO SETTING EMPLOYEES ON A TRACK FOR CAREER ADVANCEMENT AND SUCCESS.(CONTINUED ON SCHEDULE O)IN 2019, ECMC EDUCATION, INC. LAUNCHED ALTIERUS TRAINING SOLUTIONS (ATS) TO BUILD ON AND EXTEND ITS CORE EDUCATIONAL OFFERINGS BY PROVIDING COMPREHENSIVE TRAINING CAPABILITIES, RANGING FROM PLUG-IN SOLUTIONS TO FULLY CUSTOM PROGRAMS, BUILDING ON OUR STRONG RELATIONSHIPS WITH EMPLOYERS AND THEIR INSIGHTS INTO THE REAL-WORLD NEEDS FOR THEIR WORKERS.IN 2020, ATS BEGAN A SUCCESSFUL PARTNERSHIP WITH A NATIONAL EMPLOYER. THROUGH A COLLABORATIVE APPROACH, WE BUILT A TECHNOLOGY-DRIVEN TRAINING PROGRAM TO UPSKILL THEIR TECHNICIANS. THE ONLINE TRAINING PLATFORM ENABLES THE TECHNICIANS TO DEVELOP ADVANCED SKILLS IN A REMOTE ENVIRONMENT, WHILE ALSO ELIMINATES THE DISRUPTION IN CUSTOMER SERVICE AND ADDED COST ASSOCIATED WITH TRAVEL TO TRADITIONAL TRAINING CENTERS.ON MARCH 31, 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. AND ALL THREE OF ITS ALTIERUS SCHOOLS WAS APPROVED BY THE ECMC GROUP, INC. BOARD OF DIRECTORS. THE DECISION WAS MADE TO CLOSE THE ALTIERUS TRAINING SOLUTIONS PROGRAM EFFECTIVE IMMEDIATELY. THE CHANGE IS PART OF ECMC GROUP, INC.'S PLAN TO CONCENTRATE PRIMARILY ON ITS EDUCATIONAL CREDIT MANAGEMENT CORPORATION GUARANTOR-RELATED ACTIVITIES, ECMC FOUNDATION AND EDUCATION IMPACT INVESTING. 26438032 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1392 0 245 1 0 0 0 0 0 0 0 0 0 0 0 1 X 10 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA GA MN X MARTIN A SCANLON 6512210566 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 X K PAUL SINGH BOARD CHAIR ECMC EDUCATION 1.00 7.00 X 0 152500 0 JAMES V MCKEON DIRECTOR 1.00 17.00 X 0 196250 0 DIANA J INGRAM DIRECTOR 1.00 11.00 X 0 156250 0 JACK O'CONNELL DIRECTOR 1.00 10.00 X 0 140000 0 DEREK LANGHAUSER DIRECTOR 1.00 9.00 X 0 137500 0 JENNIFER ANDERSON DIRECTOR 1.00 10.00 X 0 132500 0 JAMES RUNCIE DIRECTOR 1.00 11.00 X 0 127500 0 MAURICE M SALTER DIRECTOR 1.00 10.00 X 0 157500 0 JULIA S GOUW DIRECTOR 1.00 8.00 X 0 155000 0 JEREMY J WHEATON PRES & CEO-PART YR, SR ADVISOR 0.00 40.00 X 0 1271506 52529 DANIEL S FISHER GRP PRES & CEO, EDU PRES 0.00 40.00 X X 0 1013493 112447 MARTIN A SCANLON CFO & TREASURER 0.00 40.00 X 0 851966 96996 TODD STEELE PRESIDENT (UNTIL 2-01-22) 40.00 0.00 X 507073 0 9571 JEREMY W ERICSON VP, MARKETING 40.00 0.00 X 358364 0 22255 JACOB N KASSUBA VP, CAMPUS OPERATIONS 40.00 0.00 X 231156 0 62254 JENNIFER M ERPELDING VP, CHIEF ACADEMIC OFFICER 40.00 0.00 X 365248 0 26116 JONI KURLAND VP, ACRED, LIC, & CAMPUS CPL 40.00 0.00 X 211649 0 25890 ANDREA ADAMS VP, ALTIERUS TRAINING SOLUTION 40.00 0.00 X 313164 0 13704 BRIAN BOARDMAN GRP GENERAL COUNSEL & CORP SEC 0.00 40.00 X 0 382212 76486 JOSH SLAYTON EDU PRES & SVP GRP DEV-PART YR 0.00 40.00 X 0 933694 35017 GREGORY GARRETT CAMPUS DIRECTOR 40.00 0.00 X 159731 0 20122 RYAN PUGH DEAN, INSTRUC LEADSHP & TECH 40.00 0.00 X 120887 0 44339 LYN CROSS AVP, FINANCIAL AID OPERATIONS 40.00 0.00 X 151547 0 36306 TIM DENGLER CAMPUS DIRECTOR 40.00 0.00 X 141079 0 45898 SHARON CLAY CAMPUS DIRECTOR 40.00 0.00 X 127580 0 32975 JOHN F DEPODESTA FORMER BOARD CHAIR 0.00 0.00 X 0 75000 0 ROBERTA COOPER RAMO FORMER DIRECTOR 0.00 0.00 X 0 60000 0 I KING JORDAN FORMER DIRECTOR 0.00 0.00 X 0 30000 0 PETER J TAYLOR FORMER PRES & CEO 0.00 40.00 X 0 719867 177961 2687478 6692738 890866 15 1 1 0 VALIDATED INSIGHTS INC 961 CUMBERLAND LN BUFFALO GROVE IL 60089 MARKETING SERVICES 1693604 KUSTOM US INC 3307 E KILGORE RD KALAMAZOO MI 49001 FACILITY SERVICES 594828 CDW PO BOX 75723 CHICAGO IL 60675 IT SERVICE & SUPPORT 532607 JONES LANG LASALLE AMERICAS INC 71700 TREASURY CTR LOCKBOX 33845 CHICAGO IL 60694 FACILITY SERVICES 461058 BEACON HILL STAFFING GROUP LLC PO BOX 846193 BOSTON MA 02284 RECRUITING SERVICES 297495 11 26296902 916614 27213516 INSTRUCTION 611310 16279524 16279524 16279524 MISCELLANEOUS 900099 2612 2612 2612 43495652 16279524 0 2612 616528 616528 1307750 1307750 2146445 1011642 1134803 13595350 11258764 2336586 488465 395799 92666 1239431 1150697 88734 1051322 932609 118713 202565 202565 87143 87143 21730 21730 2612259 2267920 344339 1199224 1199172 52 328851 225361 103490 702533 153542 548991 3047243 2990676 56567 256032 172385 83647 44655 13435 31220 71600 71600 95183 70472 24711 621756 599506 22250 LIQUIDATION EXPENSES 15398993 15398993 IMPAIRMENT 2289437 2289437 BOOKSTORE 1003628 1003628 STUDENT SERVICES 384584 384474 110 956494 590342 366152 49769201 26438032 23331169 0 6554106 5963042 0 0 0 0 316545 251029 0 0 0 0 0 0 496993 0 1062175 1061374 461377 461377 443611 0 0 0 0 0 0 0 0 0 47138 4522623 8920568 11798068 40029205 28721198 0 0 3012530 244120 0 0 0 0 0 0 0 0 0 0 996994 24224460 44038729 53189778 X -35118161 -41391710 0 0 -35118161 -41391710 8920568 11798068 -6273549 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 26515 0 0 26515 0 PART II-B, LINE 1: GENERAL LOBBYING ACTIVITIES ON LEGISLATIVE ISSUES OF RELEVANCE TO ECMC EDUCATION, INC. 1336 1336 0 459630 459630 0 411 411 0 0 RIGHT OF USE ASSET 4475485 SECURITY DEPOSITS RECEIVABLE, NONCURRENT 47138 4522623 LEASE INCENTIVE OBLIGATION 23666870 DUE TO ECMC GROUP, INC. 120865 DUE TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION 25200 DUE TO ECMC SHARED SERVICES COMPANY, LLC 411525 24224460 X 15891000 0 15891000 27604652 27604652 43495652 48164000 0 48164000 1605201 1605201 49769201 PART X, LINE 2: THE FIN 48 (ASC 740) DISCLOSURE IN THE ECMC EDUCATION, INC. FINANCIAL STATEMENTS READS AS FOLLOWS: "EDUCATION IS EXEMPT FROM TAX ON RELATED INCOME UNDER SECTION 501(C)(3) AND QUALIFIES AS A PUBLIC CHARITY UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. EDUCATION IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. EDUCATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES 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 EDUCATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. EDUCATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES." PART XI, LINE 4B - OTHER ADJUSTMENTS: ECMC EDUCATION, INC. SEOG GRANT FA MATCH 262,652. ECMC EDUCATION, INC. SCHOLARSHIPS AND FINANCIAL ASSISTANCE 1,045,098. CONTRIBUTIONS FROM ECMC GROUP, INC. 26,296,902. PART XII, LINE 4B - OTHER ADJUSTMENTS: ECMC EDUCATION, INC. SEOG GRANT FA MATCH 262,652. ECMC EDUCATION, INC. SCHOLARSHIPS AND FINANCIAL ASSISTANCE 1,045,098. EXPENSE ACCRUED BY ECMC GROUP, INC. ON BEHALF OF ECMC EDUCATION, INC. FOR SECTION 4968 EXCISE TAX ON NET INVESTMENT INCOME OF ECMC GROUP, INC. & SUBS 296,902. ROUNDING ADJUSTMENT DUE TO AFS REPORTING IN THOUSANDS 549. 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ECMC EDUCATION, INC.'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE SCHOOL CATALOG, IN MATERIALS PROVIDED TO PROSPECTIVE STUDENTS AND TO MATRICULATED STUDENTS. IN ACCORDANCE WITH IRS REV. PROC. 75-50, SUBSECTION 2(C) APPLIES AS ECMC EDUCATION, INC. DRAWS STUDENTS FROM DIVERSE POPULATIONS AND DOES NOT DISCRIMINATE AGAINST ANY RACE, COLOR, ETHNICITY, NATIONAL ORIGIN OR ANY OTHER PROTECTED CLASS. SCHEDULE E, PART I, LINE 4 NO CONTRIBUTIONS ARE SOLICITED SCHEDULE E, PART I, LINE 6 ECMC EDUCATION, INC. PARTICIPATES IN U.S. DEPARTMENT OF EDUCATION SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT AND PELL GRANT PROGRAMS. 1 BENEDICT COLLEGE 1600 HARDEN ST COLUMBIA SC 29204 570314365 501C3 0 10670 BOOK 39 CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE VOORHEES UNIVERSITY 481 PORTER DR DENMARK SC 29042 570329786 501C3 0 41039 BOOK 150 CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE LANE COLLEGE 545 LANE AVE JACKSON TN 38301 620570060 501C3 0 54719 BOOK 200 CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE ST PAUL PUBLIC SCHOOLS - PROJECT REACH & FOSTERING CONNECTIONS 1021 MARION ST ST PAUL MN 55117 410901311 STATE SCHOOL 0 16689 BOOK 61 15.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE UNIVERSIDAD DEL SAGRADO CORAZON ESQUINA CALLE ROSALES PARADA 265 SAN JUAN PR 00914 660207156 501C3 0 26539 BOOK 97 11.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE ADOPT A CLASSROOM 10 S 5TH ST STE 835 MINNEAPOLIS MN 55402 650828272 501C3 0 27360 BOOK 100 11.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE CRISTO REY JESUIT HIGH SCHOOL 2924 4TH AVE S MINNEAPOLIS MN 55408 204548714 501C3 0 5472 BOOK 20 11.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE URBAN VENTURES LEADERSHIP FOUNDATION 2924 4TH AVE S MINNEAPOLIS MN 55408 363558710 501C3 0 13680 BOOK 50 11.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE BROOKLYN CENTER HIGH SCHOOL 6500 HUMBOLDT AVE N MINNEAPOLIS MN 55430 STATE SCHOOL 0 76607 BOOK 280 15.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE EL COLEGIO CHARTER HIGH SCHOOL 4137 BLOOMINGTON AVE S MINNEAPOLIS MN 55407 411953998 501C3 0 19152 BOOK 70 15.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE HIAWATHA COLLEGIATE HIGH SCHOOL 3500 E 28TH ST MINNEAPOLIS MN 55406 204798683 501C3 0 27086 BOOK 99 11.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE LA OPPORTUNIDAD 2021 E HENNEPIN AVE MINNEAPOLIS MN 55413 363537919 501C3 0 19152 BOOK 70 11.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE LINCOLN INTERNATIONAL HIGH SCHOOL 2520 MINNEHAHA AVE MINNEAPOLIS MN 55404 208398349 501C3 0 5472 BOOK 20 15.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE METRO SCHOOLS COLLEGE PREP 620 OLSON MEMORIAL HWY MINNEAPOLIS MN 55411 352215865 501C3 0 19152 BOOK 70 15.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE MINNESOTA TRANSITIONS CHARTER SCHOOL 2872 26TH AVE S MINNEAPOLIS MN 55406 411823173 501C3 0 19152 BOOK 70 11.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE SEJONG ACADEMY 1885 UNIVERSITY AVE W ST PAUL MN 55104 461710874 501C3 0 19152 BOOK 70 15.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE VENTURE ACADEMY 315 27TH AVE SE MINNEAPOLIS MN 55414 611677994 501C3 0 19152 BOOK 70 15.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE JEREMIAH PROGRAM 17 ARSENE WAY FAIRHAVEN MA 02719 411801834 501C3 0 175684 BOOK 650 15.6" SCREEN CHROMEBOOKS SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE 18 0 STUDENT SCHOLARSHIPS & FINANCIAL ASSISTANCE 409 1307750 PART I, LINE 2: PROCEDURES FOR MONITORING USE OF GRANT FUNDS A VARIETY OF STUDENT FINANCING OPTIONS ARE AVAILABLE TO HELP STUDENTS FINANCE THEIR EDUCATION COSTS. INFORMATION ABOUT PROGRAMS AND ELIGIBILITY REQUIREMENTS IS AVAILABLE THROUGH THE STUDENT FINANCE OFFICE. ENROLLMENT AND ELIGIBILITY IN ECMC EDUCATION, INC. SCHOLARSHIPS AND GRANTS ARE MONITORED INTERNALLY. OTHER AWARDS ARE MONITORED BY THE RESPECTIVE GRANTING AGENCIES. SCHEDULE I, PART III STUDENT SCHOLARSHIPS AND FINANCIAL ASSISTANCE: ECMC EDUCATION, INC. PROVIDES SCHOLARSHIP AND FINANCIAL ASSISTANCE TO STUDENTS FOR TUITION, BOOKS AND FEES. IN 2022, SCHOLARSHIP AND GRANT PROGRAMS INCLUDE ALTIERUS GRANTS, IN IT TOGETHER SCHOLARSHIPS, AND EMPLOYEE AND MILITARY SCHOLARSHIPS. AWARDS ARE BASED ON ELIGIBILITY AND ARE CREDITED TO EACH STUDENT'S ACCOUNT. X X 1 1 X X X X 1 1 0 0 1 0 1 0 0 JEREMY J WHEATON PRES & CEO-PART YR, SR ADVISOR 0 408446 0 800000 0 63060 0 18300 0 34229 0 1324035 0 20500 DANIEL S FISHER GRP PRES & CEO, EDU PRES 0 484979 0 504688 0 23826 0 78235 0 34212 0 1125940 0 20500 JOSH SLAYTON EDU PRES & SVP GRP DEV-PART YR 0 155575 0 259000 0 519119 0 16350 0 18667 0 968711 0 8220 MARTIN A SCANLON CFO & TREASURER 0 415034 0 412500 0 24432 0 68435 0 28561 0 948962 0 20500 PETER J TAYLOR FORMER PRES & CEO 0 495758 0 100000 0 124109 0 155065 0 22896 0 897828 0 117934 TODD STEELE PRESIDENT (UNTIL 2-01-22) 35581 0 0 0 471492 0 4292 0 5279 0 516644 0 9173 0 BRIAN BOARDMAN GRP GENERAL COUNSEL & CORP SEC 0 264020 0 110925 0 7267 0 39552 0 36934 0 458698 0 4556 JENNIFER M ERPELDING VP, CHIEF ACADEMIC OFFICER 116830 0 51539 0 196879 0 4992 0 21124 0 391364 0 0 0 JEREMY W ERICSON VP, MARKETING 76511 0 62850 0 219003 0 9867 0 12388 0 380619 0 0 0 ANDREA ADAMS VP, ALTIERUS TRAINING SOLUTION 81350 0 24528 0 207286 0 7157 0 6547 0 326868 0 0 0 JACOB N KASSUBA VP, CAMPUS OPERATIONS 179927 0 49401 0 1828 0 27640 0 34614 0 293410 0 0 0 JONI KURLAND VP, ACRED, LIC, & CAMPUS CPL 163515 0 45864 0 2270 0 25165 0 725 0 237539 0 0 0 JAMES V MCKEON DIRECTOR 0 196250 0 0 0 0 0 0 0 0 0 196250 0 0 LYN CROSS AVP, FINANCIAL AID OPERATIONS 135898 0 15000 0 649 0 18572 0 17734 0 187853 0 0 0 TIM DENGLER CAMPUS DIRECTOR 122608 0 17743 0 728 0 17562 0 28336 0 186977 0 0 0 GREGORY GARRETT CAMPUS DIRECTOR 138481 0 19618 0 1632 0 18503 0 1619 0 179853 0 0 0 RYAN PUGH DEAN, INSTRUC LEADSHP & TECH 105433 0 15000 0 454 0 15261 0 29078 0 165226 0 0 0 SHARON CLAY CAMPUS DIRECTOR 116324 0 10652 0 604 0 12188 0 20787 0 160555 0 0 0 MAURICE M SALTER DIRECTOR 0 157500 0 0 0 0 0 0 0 0 0 157500 0 0 DIANA J INGRAM DIRECTOR 0 156250 0 0 0 0 0 0 0 0 0 156250 0 0 JULIA S GOUW DIRECTOR 0 155000 0 0 0 0 0 0 0 0 0 155000 0 0 K PAUL SINGH BOARD CHAIR ECMC EDUCATION 0 152500 0 0 0 0 0 0 0 0 0 152500 0 0 JOHN F DEPODESTA FORMER BOARD CHAIR 0 75000 0 0 0 0 0 0 0 0 0 75000 0 0 ROBERTA COOPER RAMO FORMER DIRECTOR 0 60000 0 0 0 0 0 0 0 0 0 60000 0 0 I KING JORDAN FORMER DIRECTOR 0 30000 0 0 0 0 0 0 0 0 0 30000 0 0 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. TRAVEL FOR COMPANIONS ECMC GROUP, INC.'S TRAVEL POLICY HAD AN EXCEPTION THAT WAS APPROVED BY THE CFO (AND DEVIATIONS FROM ANY PROVISION OF THE POLICY MUST BE APPROVED IN WRITING BY AN OFFICER IN CONJUNCTION WITH THE ECMC GROUP, INC. CFO). IN 2022, ECMC EDUCATION, INC PAID TRAVEL EXPENSES FOR AN ECMC EDUCATION, INC EMPLOYEE'S SPOUSE TO ATTEND A COMPANY-SPONSORED EVENT. THE EXCEPTION TO POLICY WAS APPROVED. PART I, LINES 4A-B PART I, LINE 4A - SEVERANCE OR CHANGE-OF-CONTROL PAYMENT: THE FOLLOWING RECEIVED A SEVERANCE PAYMENT IN 2022: TODD STEELE - $427,388 JENNIFER M. ERPELDING - $176,220 JEREMY W. ERICSON - $196,478 ANDREA ADAMS - $194,154 JOSH SLAYTON - $486,529 PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: ECMC GROUP, INC. MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN SECTION 457(F), AND A SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP), TO ATTRACT AND RETAIN EMPLOYEES, TYPICALLY IN MANAGEMENT POSITIONS. IN 2022, DANIEL S. FISHER AND MARTIN A. SCANLON PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $19,135, AND $9,335, RESPECTIVELY, AND PETER J. TAYLOR PARTICIPATED IN THE SERP PLAN, AND RECEIVED AN EMPLOYER CONTRIBUTION OF $100,765. PART I, LINE 5 COMPENSATION CONTINGENT 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. PART I, LINE 6 COMPENSATION CONTINGENT 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. FORM 990, PART III, LINE 3 ON MARCH 31, 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. AND ALL THREE OF ITS ALTIERUS SCHOOLS WAS APPROVED BY THE ECMC GROUP, INC BOARD OF DIRECTORS, AND ECMC EDUCATION, INC WOULD NO LONGER ACCEPT ENROLLMENTS EFFECTIVE IMMEDIATELY. IT IS ANTICIPATED THESE TEACH-OUTS WILL BE COMPLETED DURING 2023 WITH RELATED EXPENSES BEING SETTLED THROUGH 2027. ADDITIONALLY, THE DECISION WAS MADE TO CLOSE THE ALTIERUS TRAINING SOLUTIONS PROGRAM EFFECTIVE IMMEDIATELY. THE CHANGE IS PART OF ECMC GROUP, INC.'S PLAN TO CONCENTRATE PRIMARILY ON ITS EDUCATIONAL CREDIT MANAGEMENT CORPORATION GUARANTOR-RELATED ACTIVITIES, ECMC FOUNDATION AND EDUCATION IMPACT INVESTING. FORM 990, PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS MR. MCKEON AND MR. SALTER - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS ECMC EDUCATION, INC. HAS ONE MEMBER. THE MEMBER IS ECMC GROUP, INC. A DELAWARE, NONSTOCK, NONPROFIT CORPORATION EXEMPT UNDER SECTION 501(C)(3). THERE ARE NO STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS ELECTING MEMBERS OF GOVERNING BODY ECMC GROUP, INC. HAS THE RIGHT TO ELECT AND/OR APPROVE ALL THE DIRECTORS OF THE ECMC EDUCATION, INC. BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 7B DECISIONS REQUIRING APPROVAL BY MEMBERS OR STOCKHOLDERS ECMC GROUP, INC., THE SOLE MEMBER OF ECMC EDUCATION, INC., RETAINS THE FOLLOWING AUTHORITY OVER ECMC EDUCATION, INC.: 1. TO AUTHORIZE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. 2. TO APPROVE THE STRATEGIC AND FINANCIAL PLANS. 3. TO ELECT AND/OR APPROVE THE MEMBERS OF THE BOARD OF DIRECTORS. 4. TO OVERSEE COORDINATION OF PROGRAMS AND SERVICES OFFERED. 5. TO AUTHORIZE FORMATION, GOVERNANCE AND DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, 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 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 CHAIR. THE DIRECTOR WILL BE REQUIRED TO EXCUSE THEMSELVES FROM DELIBERATION AND VOTING ON MATTERS FOR WHICH THEY MAY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A - PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL THE FOLLOWING DESCRIBES THE ECMC GROUP, INC., EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) AND ECMC EDUCATION, INC. EXECUTIVE COMPENSATION METHODOLOGY. THE GOVERNANCE & COMPENSATION COMMITTEE OF THE ECMC GROUP, INC. BOARD OF DIRECTORS IS WHOLLY COMPRISED OF INDEPENDENT, OUTSIDE DIRECTORS. IN 2022, THE COMMITTEE RETAINED EXECUTIVE COMPENSATION EXPERTS FROM GRANT THORNTON AND AON, 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 AON FOR ARNOLD & PORTER KAYE SCHOLER LLP INCLUDES SALARY AND INCENTIVE DATA FROM AN APPROPRIATE PEER GROUP UNDER IRS REGULATIONS AND INCLUDES BOTH NONPROFIT AND FOR-PROFIT ENTITIES. LINE 15B - PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES THE FOLLOWING DESCRIBES THE ECMC GROUP, INC., EDUCATIONAL CREDIT MANAGEMENT CORPORATION (ECMC) AND ECMC EDUCATION, INC. EXECUTIVE COMPENSATION METHODOLOGY. THE GOVERNANCE & COMPENSATION COMMITTEE OF THE ECMC GROUP, INC. BOARD OF DIRECTORS IS WHOLLY COMPRISED OF INDEPENDENT, OUTSIDE DIRECTORS. IN 2022, THE COMMITTEE RETAINED EXECUTIVE COMPENSATION EXPERTS FROM GRANT THORNTON AND AON, 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 AON FOR ARNOLD & PORTER KAYE SCHOLER LLP INCLUDES SALARY AND INCENTIVE DATA FROM AN APPROPRIATE PEER GROUP UNDER IRS REGULATIONS AND INCLUDES BOTH NONPROFIT AND FOR-PROFIT ENTITIES. FORM 990, PART VI, SECTION C, LINE 19 REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUIRED BY LAW. FORM 990, PART VI, LINE 13: WHISTLEBLOWER POLICY THE ECMC GROUP, INC. WHISTLEBLOWER POLICY REQUIRES DIRECTORS, OFFICERS AND EMPLOYEES TO OBSERVE HIGH STANDARDS OF BUSINESS AND PERSONAL ETHICS IN THE CONDUCT OF THEIR DUTIES AND RESPONSIBILITIES. EMPLOYEES AND REPRESENTATIVES OF THE CORPORATION ARE DIRECTED TO PRACTICE HONESTY AND INTEGRITY IN FULFILLING THEIR RESPONSIBILITIES AND COMPLY WITH ALL APPLICABLE LAWS AND REGULATIONS. THE POLICY REQUIRES REPORTING OF POTENTIAL ILLEGAL PRACTICES OR VIOLATIONS OF CORPORATE POLICIES, AND PROHIBITS RETALIATION FOR GOOD FAITH REPORTING OF SUSPECTED VIOLATIONS UNDER THE POLICY. IN ADDITION, ECMC GROUP, INC. HAS A CODE OF ETHICS AND BUSINESS CONDUCT POLICY THAT IS AFFIRMED ANNUALLY BY ALL ECMC GROUP, INC. AND AFFILIATED COMPANIES' OFFICERS AND EMPLOYEES. THERE IS A PROVISION INCORPORATED INTO THE CODE OF ETHICS AND BUSINESS CONDUCT POLICY THAT STATES THERE CAN BE NO RETALIATION AGAINST ANYONE ACTING IN GOOD FAITH WHEN ASKING A QUESTION, REPORTING A CONCERN OR FOR PARTICIPATING IN AN INVESTIGATION. ECMC GROUP, INC. HAS ESTABLISHED A TELEPHONE HOTLINE AND WEBSITE ADMINISTERED BY AN OUTSIDE VENDOR TO REPORT CONCERNS, WITH AN OPTION TO REPORT ANONYMOUSLY. THE HOTLINE AND WEBSITE ARE AVAILABLE AND ACCESSIBLE TO ECMC GROUP, INC. AND AFFILIATED COMPANIES' DIRECTORS, OFFICERS, EMPLOYEES AND VENDORS. FORM 990, PART VII, SECTION A: CONSULTING JOHN F. DEPODESTA, ROBERTA COOPER RAMO AND I. KING JORDAN, FORMER DIRECTORS, HAD CONSULTING AGREEMENTS IN 2022. ECMC GROUP INC 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411991995 EDUCATION FINANCE DE 501(C)(3) LINE 12B TYPE II N/A 0 EDUCATIONAL CREDIT MGMT CORP 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411778617 GUARANTOR MN 501(C)(3) LINE 10 ECMC GROUP INC 0 ECMC FOUNDATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411990628 PROMOTE EDUCATION DE 501(C)(3) LINE 12B TYPE II ECMC GROUP INC 0 ECMC REVENUE MANAGEMENT CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 831761663 STUDENT LOAN DEFAULT RESOLUTION DE 501(C)(3) LINE 10 EDUCATIONAL CREDIT MANAGEMENT CORPORATION 0 ECMC SERVICES INC 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 831763915 STUDENT LOAN REPAYMENT SERVICES DE 501(C)(3) LINE 10 ECMC GROUP INC 0 1 NORTH CHINA A EQUITY FUND LLC 1 N WACKER DR CHICAGO IL 60606 844524632 INVESTMENTS DE N/A EXCLUDED 0 0 ATX A-TEAM THE GUILD LP 500 W SECOND ST STE 1900 163 AUSTIN TX 78701 843490066 INVESTMENTS TX N/A EXCLUDED 0 0 AUBREY GEMS PARTNERS LP 800 THIRD AVE 28TH FL NEW YORK NY 10022 365009933 INVESTMENTS NY N/A EXCLUDED 0 0 BST 052 A SERIES OF SAX CAP FUND III LP PO BOX 3217 SEATTLE WA 98114 853876811 INVESTMENTS DE N/A EXCLUDED 0 0 CHLOE CAPITAL FUND I LP 700 CASCADILLA ST STE 201 ITHACA NY 14850 844269068 INVESTMENTS DE N/A EXCLUDED 0 0 COMMONFUND CAP SECONDARIES OPP FUND 15 OLD DANBURY RD WILTON CT 06897 842082338 INVESTMENTS DE N/A EXCLUDED 0 0 CRP VF IV GP LP 7600 N CAP OF TX HWY BLDG B STE 130 AUSTIN TX 78731 863644095 INVESTMENTS DE N/A EXCLUDED 0 0 ECMC-UV CO-INVESTMENT FUND LP 104 W 40TH ST STE 1600 NEW YORK NY 10018 813873029 INVESTMENTS DE N/A EXCLUDED 0 0 ELEMENTS HEALTH VENTURES II LLC 623 5TH AVE 14TH FL NEW YORK NY 10022 862638962 INVESTMENTS DE N/A EXCLUDED 0 0 FUND D-2 RIOT VENTURES OPPORTUNITY FUND 1632 ABBOT KINNEY BLVD VENICE CA 90291 920652495 INVESTMENTS DE N/A EXCLUDED 0 0 GEM MINING 4 LLC 550 S MAIN ST STE 310 GREENVILLE SC 29601 871562792 INVESTMENTS DE N/A EXCLUDED 0 0 ONRAMP EDUC & WORKFORCE INNOV FUND 821 E WASHINGTON AVE STE 200-G MADISON WI 53703 843999115 INVESTMENTS DE N/A EXCLUDED 0 0 PC-1 DEVELOPERS LLC 3600 MAYBERRY DR RENO NV 89509 831603672 INVESTMENTS NV N/A EXCLUDED 0 0 R7 FAMILY FUND LP 100 S WACKER DR STE 1675 CHICAGO IL 60606 851019413 INVESTMENTS DE N/A EXCLUDED 0 0 RI FUND I A SERIES OF BOOST VC SPV LP PO BOX 3217 SEATTLE WA 98114 874641779 INVESTMENTS CJ N/A EXCLUDED 0 0 SUPERIOR SOLUTIONS I LP 111 WASHINGTON AVE S STE 1400 MINNEAPOLIS MN 55401 882485015 INVESTMENTS DE N/A EXCLUDED 0 0 TABOR MILLENNIAL FUND LP 11 E 44TH ST STE 705 NEW YORK NY 10017 880598843 INVESTMENTS DE N/A EXCLUDED 0 0 TABOR OFFSHORE OPPORTUNITIES LTD 11 E 44TH ST STE 705 NEW YORK NY 10017 INVESTMENTS CJ N/A EXCLUDED 0 0 UNLESS VENTURES LP 1023 WALNUT ST STE 100 BOULDER CO 80302 874222103 INVESTMENTS DE N/A EXCLUDED 0 0 UP FUND I A SERIES OF BOOST VC SPV LP PO BOX 3217 SEATTLE WA 98114 851519551 INVESTMENTS DE N/A EXCLUDED 0 0 WY FUND I A SERIES OF BOOST VC SPV LP PO BOX 3217 SEATTLE WA 98114 851519506 INVESTMENTS DE N/A EXCLUDED 0 0 GENGLOBAL CRYSTAL LLC 1302 PACIFC AVE SAN FRANCISCO CA 94109 882663560 INVESTMENTS DE N/A EXCLUDED 0 0 GENGLOBAL SUNSHINE LLC 1302 PACIFC AVE SAN FRANCISCO CA 94109 853885948 INVESTMENTS DE N/A EXCLUDED 0 0 UNLESS LGH SPV LLC 1023 WALNUT ST STE 100 BOULDER CO 80302 880557430 INVESTMENTS DE N/A EXCLUDED 0 0 OAKDALE INVESTMENT MANAGEMENT CORP 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 352085743 HOLDING INVESTMENTS DE N/A C 0 ECMC HOLDINGS CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411991992 STRATEGIC OVERSIGHT DE N/A C 0 EDUCATIONAL CREDIT SERVICES COMPANY 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411992001 PRIVATE LOANS DE N/A C 0 ECMC RECORDS & REC MGMT CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411989959 DOCUMENT MANAGEMENT DE N/A C 0 ECMC MANAGEMENT SERVICES CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411989960 MANAGEMENT SERVICES DE N/A C 0 ECMC TECHNOLOGY SERVICES CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 411989958 TECHNOLOGY SERVICES DE N/A C 0 ECMC SERVICING CORPORATION 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 471154366 LOAN SERVICING DE N/A C 0 ECMC PRIVATE MARKET OPPORTUNITIES LP 156 W 56TH ST CITYSPIRE BLDG SQUAD NEW YORK NY 10019 842552668 INVESTMENTS DE N/A C 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 1 1 0 0 SCHEDULE R, PART I - DISREGARDED ENTITIES OF RELATED ORGANIZATIONS: 1(A)-NAME: OAKDALE STUDENT LOAN FUNDING, LLC (27-1914648), 111 WASHINGTON AVE SO, STE 1400, MINNEAPOLIS, MN 55401. 1(B)-PRIMARY ACTIVITY. HOLDING FFELP LOANS. 1(C)-LEGAL DOMICILE. DE. 1(F)-DIRECT CONTROLLING ENTITY. ECMC GROUP, INC. 2(A)-NAME: ECMC SHARED SERVICES COMPANY, LLC (81-0690960), 111 WASHINGTON AVE SO, STE 1400, MINNEAPOLIS, MN 55401. 2(B)-PRIMARY ACTIVITY. SUPPORT SERVICES FUNCTIONS. 2(C)-LEGAL DOMICILE. DE. 2(F)-DIRECT CONTROLLING ENTITY. ECMC GROUP, INC. 3(A)-NAME: PATRIOT STUDENT LOAN CAPITAL, LLC (81-3501777), 111 WASHINGTON AVE SO, STE 1400, MINNEAPOLIS, MN 55401. 3(B)-PRIMARY ACTIVITY. TRUST STUDENT LOANS. 3(C)-LEGAL DOMICILE. DE. 3(F)-DIRECT CONTROLLING ENTITY. ECMC GROUP, INC. 4(A)-SUPERIOR SOLUTIONS I GP, LLC (88-2460810), 111 WASHINGTON AVE SO, STE 1400, MINNEAPOLIS, MN 55401 4(B)-PRIMARY ACTIVITY. INVESTMENTS. 4(C)-LEGAL DOMICILE. DE. 4(F)-DIRECT CONTROLLING ENTITY. ECMC GROUP, INC. SCHEDULE R, PART V - TRANSACTIONS WITH RELATED ORGANIZATIONS: LINE 1C - GIFT, GRANT, OR CAPITAL CONTRIBUTION FROM RELATED ORGANIZATION(S): $26,296,902 CONTRIBUTIONS MADE BY ECMC GROUP, INC. TO ECMC EDUCATION INC. $26,000,000 CONTRIBUTION MADE BY ECMC GROUP, INC. TO ECMC EDUCATION, INC. TO SUPPORT ITS MISSION TO TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CAREERS AND COMMUNITIES. $296,902 CONTRIBUTION FOR EXPENSE ACCRUED BY ECMC GROUP, INC. ON BEHALF OF ECMC EDUCATION, INC. FOR SECTION 4968 EXCISE TAX ON NET INVESTMENT INCOME OF ECMC GROUP, INC. AND SUBSIDIARIES. LINE 1E - LOANS OR LOAN GUARANTEES BY RELATED ORGANIZATION(S): OTHER GUARANTEES: ECMC EDUCATION, INC. LEASES FACILITIES UNDER NON-CANCELABLE OPERATING LEASES EXPIRING AT VARIOUS DATES THROUGH 2027 THAT ARE GUARANTEED BY ECMC GROUP, INC. ECMC GROUP, INC. HAS COMMITTED TO CONTINUE TO PROVIDE FINANCIAL SUPPORT IN THE AMOUNT OF $22.5 MILLION WHICH IS PROJECTED TO COVER CASH FLOW NEEDS THROUGH MARCH 31, 2024. LINE 1M - PERFORMANCE OF SERVICES BY RELATED ORGANIZATION(S): $71,600 FOR DEFAULT AVERSION SERVICES WERE PAID TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION. LINE 1N - SHARING OF FACILITIES, EQUIPMENT, MAILING LISTS, OR OTHER ASSETS WITH RELATED ORGANIZATION(S): $108,451 ALLOCATED EXPENSES FOR FACILITIES, EQUIPMENT, MAILING LISTS, OR OTHER ASSETS SHARED WITH ECMC GROUP, INC. LINE 1Q - REIMBURSEMENT PAID TO RELATED ORGANIZATION(S) FOR EXPENSES: $1,519,776 PAID TO ECMC SHARED SERVICES COMPANY, LLC, A WHOLLY OWNED SUBSIDIARY OF ECMC GROUP, INC., A RELATED ORGANIZATION, FOR EXPENSES. LINE 1Q - REIMBURSEMENT PAID TO RELATED ORGANIZATION(S) FOR EXPENSES: $291,214 PAID TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION FOR EXPENSES. LINE 1P - REIMBURSEMENT PAID BY RELATED ORGANIZATION(S) FOR EXPENSES: $334,238 PAID BY ECMC GROUP, INC. FOR EXPENSES.