2022-11-10T20:00:33-06:00 2021-12-31 135565207 KPMG LLP 4200 Wells Fargo Center 90 South Se venth St Minneapolis MN 55402 990 2021-01-01 472237488 ECMC Education Inc ECMC 6512210566 111 Washington Ave So 1400 Minneapolis MN 55401 Martin A Scanlon CFO & Treasurer 2022-11-10 true Martin Scanlon 999009999 Jason Divine P01076050 6123055000 2021 2022-09-23 18:48:47Z Altierus Career College and Altierus Training Solutions Daniel S Fisher 111 Washington Ave So 1400 Minneapolis MN 55401 59276530 false 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 careers and communities. 10 9 321 0 0 0 56629859 35292458 20861685 23971906 -13 3000 32065 9166 77523596 59276530 1523512 7114388 0 17646240 18549427 0 0 18525657 25361271 37695409 51025086 39828187 8251444 10196836 8920568 53565499 44038729 -43368663 -35118161 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. false false 28386241 0 23706526 Instruction and Student Services. ECMC Education, Inc., dba Altierus Career College and Altierus Training Solutions, 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, associate and bachelor's degrees. In 2019, ECMC Education, Inc. launched Altierus Training Solutions 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, the initiative was reported as a separate program on the Form 990. ECMC Education, Inc. serves a non-traditional, underserved student population: 84% of ECMC Education, Inc. students are eligible for Pell Grants (66% are eligible for full Pell Grants); 66% of ECMC Education, Inc.'s student body is female; 88% of students are non-white; 55% of students are older than 25 years old; 64% of ECMC Education, Inc.'s students are first-time, first-year college students; and only 27% 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 of resumes 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 April 13, 2022, ECMC Group, Inc., the parent of ECMC Education, Inc., announced that the three remaining Altierus Career College campuses would be taught out. It is anticipated that these teachouts will be completed in 2024. 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, 2021, ECMC Education, Inc. enrolls approximately 1,300 students and operates three schools in three states under the Altierus brand. 7114388 7114388 0 Grants and Scholarships. ECMC Education, Inc. offers the following scholarship and grant programs to make college affordable for our students: Altierus Grants, American Dream Scholarships, In It Together Scholarships, Employee and Military Scholarships. Funds are available to pay for tuition, books and fees. The Altierus American Dream Scholarship is a multimillion-dollar institutional scholarship program available to new students and who were referred by a leader in the local community; these students are eligible to apply for an Altierus American Dream New Student Scholarship up to $2,000. In 2021, ECMC Education, Inc. distributed a $2,000 Altierus American Dream Scholarship to two students. 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 2021, ECMC Education, Inc. distributed more than $1.4 million in Altierus Grants to 555 students. Altierus Military Scholarships offer up to 50% of tuition per term or academic period for military personnel serving in the Armed Forces, and 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 2021, ECMC Education, Inc. distributed nearly $300,000 in Military Scholarships to 251 military personnel, veterans and their dependents. Financial aid grants were also awarded to students from funds allocated to ECMC Education, Inc. under the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 and the American Rescue Plan Act of 2021. Under these programs ECMC Education, Inc. made nearly $5.4 million grants to 1,942 students. The Acts stipulate that the financial aid grants to students may be used for any component of their costs of attendance or for emergency costs that arise due to the COVID-19 pandemic. As of December 31, 2021, ECMC Education, Inc. enrolls approximately 1,300 students and operates three schools in three states under the Altierus brand. 3802331 0 271186 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. 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 April 13, 2022, ECMC Group, Inc., the parent of ECMC Education, Inc., announced the closure of Altierus Training Solutions. 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. 39302960 true true false true false false false false true true false false false true true true true true false false false false false false false false false true true false false false false false false false false false false false false false true false false false true 2496 0 321 true false false false false false false false false false false false false true X 10 9 true false false false true true true true true false false true true true true true true true true false CA GA MN X Martin A Scanlon 6512210566 111 Washington Ave So Ste 1400 Minneapolis MN 55401 Derek Langhauser Director 1.0 9.0 X 0 130000 0 Diana J Ingram Director 1.0 9.0 X 0 138750 0 Jack O'Connell Director 1.0 7.0 X 0 135000 0 James Runcie Director 1.0 9.0 X 0 86250 0 James V McKeon Director 1.0 16.0 X 0 193750 0 Jennifer Anderson Director 1.0 8.0 X 0 91875 0 Jeremy J Wheaton President & CEO, ECMC Group, Inc. (until 07-02-22) 0.0 40.0 X 0 1241931 121714 Julia S Gouw Director 1.0 8.0 X 0 155000 0 K Paul Singh Board Chair ECMC Education 1.0 12.0 X 0 142500 0 Maurice M Salter Director 1.0 9.0 X 0 157500 0 Andrea Adams VP, Altierus Training Solutions 40.0 0 X 139627 0 26314 Daniel S Fisher Group President & CEO (eff. 07-03-22); Group Gen Counsel & Corp Sec & ECMC Pres (until 07-02-22) 0.0 40.0 X 0 823522 100834 Jacob N Kassuba VP, Campus Operations 40.0 0 X 232835 0 60961 Jennifer M Erpelding VP, Chief Academic Officer 40.0 0 X 197591 0 47635 Jeremy W Ericson VP, Marketing 40.0 0 X 243243 0 58444 Joni Kurland VP, Accreditation, Licensing and Campus Compliance 40.0 0 X 181736 0 24488 Martin A Scanlon CFO & Treasurer 0.0 40.0 X 0 709896 91649 Todd Steele President, ECMC Education (until 02-01-22) 40.0 0 X 445494 0 74138 Gregory Garrett Campus Director 40.0 0 X 158311 0 20474 Lyn Cross AVP, Financial Aid Operations Support 40.0 0 X 129624 0 33395 Richard Jackson AVP, Enrollment 40.0 0 X 132112 0 15738 Susan Samek Compliance Director and Title IX Coordinator 40.0 0 X 126252 0 28636 Thomas O'Donnell Former SVP, Growth and Development 40.0 0 X 255969 0 5016 Gregory A Van Guilder Former Treasurer; current CIO, ECMC Group 0.0 40.0 X 0 1338903 106613 I King Jordan Former Director 0.0 0.0 X 0 30000 0 John F DePodesta Former Board Chair 0.0 0.0 X 0 75000 0 Peter J Taylor Former President & CEO, current President & Director, ECMC Foundation 0.0 40.0 X 0 679533 153241 Roberta Cooper Ramo Former Director 0.0 0.0 X 0 60000 0 2242794 6189410 969290 17 true true false Validated Insights Inc 961 Cumberland Ln Buffalo Grove IL 60089 Marketing Professional Services 4276382 Kustom US Inc 3307 E Kilgore Rd Kalamazoo MI 49001 Facility Services 2027842 Solution Design Group Inc 7500 Olson Memorial Hwy Golden Valley MN 55427 IT Services & Support 1570308 CDW PO Box 75723 Chicago IL 60675 IT Services & Support 1119806 Jones Lang Lasalle Americas Inc 71700 Treasury Center Lockbox 33845 Chicago IL 60694 Facility Services 549828 15 28626736 6665722 35292458 Instruction 611310 23971906 23971906 0 0 0 0 23971906 0 0 3000 0 0 3000 3000 3000 Miscellaneous 900099 5806 5806 Intercompany Servicing Revenue 900099 3360 3360 0 0 0 0 9166 59276530 23977712 0 6360 X 13129 13129 7101259 7101259 1993490 704963 1288527 13800087 11707514 2092573 558097 466884 91213 1127164 1034181 92983 1070589 961044 109545 52154 52154 168600 168600 29171 29171 5693033 5496729 196304 0 3754279 3751877 2402 378273 261236 117037 1267208 681834 585374 3083748 2986392 97356 279930 208751 71179 31964 21509 10455 108000 108000 131680 91992 39688 621001 582554 38447 Impairment 3904714 3904714 §4968 Excise Tax on Net Investment Income of ECMC Group, Inc. 2692292 2692292 Bookstore 1850688 1850688 Student Services 589401 589401 725135 683023 42112 0 51025086 39302960 11722126 0 6266518 6554106 736627 316545 0 0 0 0 221213 496993 1544122 1062175 834537 390926 367111 443611 0 0 1061245 47138 10196836 8920568 48766298 40029205 642004 0 2753520 3012530 0 0 1403677 996994 53565499 44038729 X -44238015 -35118161 869352 -43368663 -35118161 10196836 8920568 X 8251444 -942 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 30102 false false 30102 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY General lobbying activities on legislative issues of relevance to ECMC Education, Inc. 869352 869352 0 3547279 2677927 869352 0 3547279 3547279 0 0 0 0 1.0 0.0 0.0 false false 64317 914 63403 769514 389671 379843 706 341 365 443611 Lease Incentive Obligation 262586 Earn out Agreement Liability with ED Due to ECMC Foundation Deferred Grant Revenue Due to ECMC Group, Inc. 268324 Due to Educational Credit Management Corporation 22538 Due to ECMC Shared Services Company, LLC 443546 Due to ECMC Holdings Corporation Student Accounts Liability 996994 X 30945000 0 0 30945000 28331530 28331530 59276530 46628000 0 0 46628000 4397086 4397086 51025086 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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)(1) 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, 2021 and 2020. Education s tax returns are subject to review and examination by federal and state authorities." Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Contributions from ECMC Group, Inc. - 26626736 ECMC Education, Inc. scholarships and financial assistance - 1616056 ECMC Education, Inc. SEOG Grant FA Match - 88738 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Expense accrued by ECMC Group, Inc. on behalf of ECMC Education, Inc. for §4968 excise tax on net investment income of ECMC Group, Inc. and subsidiaries - 2692292 ECMC Education, Inc. scholarships and financial assistance - 1616056 ECMC Education, Inc. SEOG Grant FA Match - 88738 true true false true true true false false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY 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(d) RECORDS AND COPIES MAINTAINED BY THE ORGANIZATION No contributions are solicited. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT ECMC Education, Inc. participates in U.S. Department of Education Supplemental Educational Opportunity Grant and Pell grant programs, and was awarded approximately $6.6 million (institutional and student portions) through the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 and the American Rescue Plan Act of 2021. true Student Scholarships and Financial Assistance 827 1704294 Higher Education Emergency Grants Awarded to Students 1942 5396965 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 2021, Scholarship and grant programs include Altierus Grants, American Dream Scholarships, In It Together Scholarships, Employee and Military Scholarships. Awards are based on eligibility and are credited to each student's account. Schedule I, Part III Higher Education Emergency Grants Awarded to Students Financial aid grants to students made under the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 and the American Rescue Plan Act of 2021 may be used for any component of their costs of attendance or for emergency costs that arise due to the COVID-19 pandemic. Schedule I, 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. X X true true X X X X true true false false true false true false false Roberta Cooper Ramo Former Director 0 60000 0 0 0 0 0 0 0 0 0 60000 0 0 John F DePodesta Former Board Chair 0 75000 0 0 0 0 0 0 0 0 0 75000 0 0 I King Jordan Former Director 0 30000 0 0 0 0 0 0 0 0 0 30000 0 0 Julia S Gouw Director 0 155000 0 0 0 0 0 0 0 0 0 155000 0 0 James V McKeon Director 0 193750 0 0 0 0 0 0 0 0 0 193750 0 0 Maurice M Salter Director 0 157500 0 0 0 0 0 0 0 0 0 157500 0 0 Jeremy J Wheaton President & CEO, ECMC Group, Inc. (until 07-02-22) 0 613233 0 605500 0 23198 0 89207 0 32507 0 1363645 0 19500 Peter J Taylor Former President & CEO, current President & Director, ECMC Foundation 0 487526 0 80000 0 112007 0 133330 0 19911 0 832774 0 94985 Gregory A Van Guilder Former Treasurer; current CIO, ECMC Group 0 679500 0 527838 0 131565 0 90009 0 16604 0 1445516 0 19500 Andrea Adams VP, Altierus Training Solutions 138370 0 0 0 1257 0 16208 0 10106 0 165941 0 0 0 Jeremy W Ericson VP, Marketing 177636 0 63660 0 1947 0 29643 0 28801 0 301687 0 0 0 Jennifer M Erpelding VP, Chief Academic Officer 144558 0 50505 0 2528 0 20462 0 27173 0 245226 0 0 0 Daniel S Fisher Group President & CEO (eff. 07-03-22); Group Gen Counsel & Corp Sec & ECMC Pres (until 07-02-22) 0 413901 0 385921 0 23700 0 66055 0 34779 0 924356 0 19500 Jacob N Kassuba VP, Campus Operations 165133 0 65469 0 2233 0 28027 0 32934 0 293796 0 0 0 Joni Kurland VP, Accreditation, Licensing and Campus Compliance 132675 0 46455 0 2606 0 21775 0 2713 0 206224 0 0 0 Martin A Scanlon CFO & Treasurer 0 366173 0 320702 0 23021 0 59142 0 32507 0 801545 0 19500 Todd Steele President, ECMC Education (until 02-01-22) 275580 0 142888 0 27026 0 43973 0 30165 0 519632 0 6687 0 Lyn Cross AVP, Financial Aid Operations Support 129006 0 0 0 618 0 16006 0 17389 0 163019 0 0 0 Gregory Garrett Campus Director 133419 0 23500 0 1392 0 18930 0 1544 0 178785 0 0 0 Thomas O'Donnell Former SVP, Growth and Development 17476 0 0 0 238493 0 2712 0 2304 0 260985 0 1633 0 Susan Samek Compliance Director and Title IX Coordinator 115458 0 10000 0 794 0 15654 0 12982 0 154888 0 0 0 Schedule J, Part I, Line 1a 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 2021, ECMC Education paid travel expenses for an ECMC Education employee's spouse to attend a company-sponsored event. The exception to policy was approved. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Certain taxable benefits are grossed up to make the employee whole; this has been approved by the Board of Directors. Schedule J, Part I, Line 4a Severance or change-of-control payment The following received a severance payment in 2021: Thomas O'Donnell - $209,681 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan ECMC Group, Inc. maintains a supplemental nonqualified retirement plan described in section 457(f), and a Supplemental Employee Retirement Plan (SERP), to attract and retain employees, typically in management positions. In 2021, Jeremy J. Wheaton, Gregory A. Van Guilder, Daniel S. Fisher and Martin A. Scanlon participated in the 457(f) plan, and received employer contributions of $35,757, $14,209, $10,755 and $3,842, respectively, and Peter J. Taylor participated in the SERP plan, and received an employer contribution of $81,361. Schedule J, Part I, Line 5b 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. Schedule J, Part I, Line 6b 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 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 VI, Line 2 Family/business relationships amongst interested persons Mr. McKeon and Mr. Salter - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders ECMC Education, Inc. has one member. The member is ECMC Group, Inc. a Delaware, non-stock, nonprofit Corporation exempt under section 501(c)(3). There are no stockholders. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ECMC Group, Inc. has the right to elect and/or approve all the directors of the ECMC Education, Inc. Board of Directors. Form 990, Part VI, 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, Line 11b Review of form 990 by governing body All members of the Board of Directors and executive management are provided a copy of Form 990 to review and provide comments prior to filing. All members of the Board of Directors and executive management are provided with a copy of the final version of Form 990 before it has been filed. Form 990, Part VI, Line 12c Conflict of interest policy Officers, directors and all employees are required to reaffirm on an annual basis their understanding of the company's 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, 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 2021, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, through Arnold & Porter Kaye Scholer LLP to identify appropriate CEO and senior executive compensation packages. Arnold & Porter Kaye Scholer LLP provided an opinion on the reasonableness of this compensation. The market analysis performed by Grant Thornton 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, Line 15b Process to establish compensation of other 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 2021, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, through Arnold & Porter Kaye Scholer LLP to identify appropriate CEO and senior executive compensation packages. Arnold & Porter Kaye Scholer LLP provided an opinion on the reasonableness of this compensation. The market analysis performed by Grant Thornton 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, Line 19 Required documents available to the public Documents are made available to the public as required by law. Form 990, Part VII, Section A Consulting John F. DePodesta, Roberta Cooper Ramo and I. King Jordan, former Directors, had consulting agreements in 2021. Form 990, Part IX, Line 11g Other Fees Professional Service - Total Expense: 5131087, Program Service Expense: 4960562, Management and General Expenses: 170525, Fundraising Expenses: ; Contractor Services - Total Expense: 297194, Program Service Expense: 289950, Management and General Expenses: 7244, Fundraising Expenses: ; Facilities Expense - Total Expense: 264752, Program Service Expense: 246217, Management and General Expenses: 18535, Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; 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- Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Rounding adjustment because dollars are reported in thousands on the audited financial statements - -942; ECMC Group Inc 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411991995 Education Finance DE 501(c)(3) Type II NA false Educational Credit Management Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411778617 Guarantor MN 501(c)(3) 10 ECMC Group Inc false ECMC Foundation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411990628 Promote Education DE 501(c)(3) Type II ECMC Group Inc false ECMC Revenue Management Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 831761663 Student Loan Default Resolution DE 501(c)(3) 10 Educational Credit Management Corporation false ECMC Services Inc 111 Washington Ave So Ste 1400 Minneapolis MN 55401 831763915 Student Loan Repayment Services DE 501(c)(3) 10 Educational Credit Management Corporation false ATX A-Team The Guild LP 500 W Second St Ste 1900 153 Austin TX 78701 843490066 Investments TX NA N/A false false ATX Venture Partners IV LP 500 W Second St Ste 1900 153 Austin TX 78701 872760203 Investments DE NA N/A false false Aubrey Gems Partners LP 800 Third Ave 28th Fl New York NY 10022 365009933 Investments NY NA N/A false false BST 052 a series of SAX Capital Series Fund III LP PO Box 3217 Seattle WA 98114 853876811 Investments DE NA N/A false false CRP VF IV GP LP 7600 N Cap of TX Hwy Bldg B Ste 130 Austin TX 78731 863644095 Investments DE NA N/A false false Capridge Partners Value Fund IV LP 7600 N Cap of TX Hwy Bldg B Ste 130 Austin TX 78731 863617471 Investments DE NA N/A false false Chloe Capital Fund I LP 700 Cascadilla St Ste 201 Ithaca NY 14850 844269068 Investments DE NA N/A false false Commonfund Capital Secondaries Opportunities Fund LP 15 Old Danbury Rd Wilton CT 06897 842082338 Investments DE NA N/A false false ECMC-UV Co-Investment Fund LP 104 W 40th St Ste 1600 New York NY 10018 813873029 Investments DE NA N/A false false GEM Mining 4 LLC 550 S Main St Ste 310 Greenville SC 29601 871562792 Investments DE NA N/A false false 1 North China A Equity Fund LLC 1 N Wacker Dr Chicago IL 60606 844524632 Investments DE NA N/A false false OnRamp Education and Workforce Innovation Fund I LLC 821 E Washington Ave Ste 200-G Madison WI 53703 843999115 Investments DE NA N/A false false PC-1 Developers LLC 3600 Mayberry Dr Reno NV 89509 831603672 Investments NV NA N/A false false R7 Family Fund LP 100 S Wacker Dr Ste 1675 Chicago IL 60606 851019413 Investments DE NA N/A false false RI Fund I a series of Boost VC SPV LP PO Box 3217 Seattle WA 98114 874641779 Investments CJ NA N/A false false Tabor Offshore Opportunities Ltd co Tabor Asset Management LP 11 E 44th St Ste 705 New York NY 10017 Investments CJ NA N/A false false UP Fund I a series of Boost VC SPV LP PO Box 3217 Seattle WA 98114 851519551 Investments DE NA N/A false false VVP Zipari Co-Investment LLC 2784 Homestead Rd 375 Santa Clara CA 95051 850778306 Investments DE NA N/A false false WY Fund I a series of Boost VC SPV LP PO Box 3217 Seattle WA 98114 851519506 Investments DE NA N/A false false Oakdale Investment Management Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 352085743 Holding Investments DE ECMC Group Inc C Corporation false ECMC Holdings Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411991992 Strategic Oversight DE ECMC Group Inc C Corporation false Educational Credit Services Company 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411992001 Private Loans DE ECMC Holdings Corporation C Corporation false ECMC Records & Rec Mgmt Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989959 Document Management DE ECMC Holdings Corporation C Corporation false ECMC Management Services Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989960 Management Services DE ECMC Holdings Corporation C Corporation false ECMC Technology Services Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989958 Technology Services DE ECMC Holdings Corporation C Corporation false ECMC Servicing Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 471154366 Loan Servicing DE ECMC Holdings Corporation C Corporation false ECMC Private Market Opportunities LP 156 W 56th St Cityspire Bldg Squad 301 New York NY 10019 842552668 Investments DE ECMC Group Inc C Corporation false false false true false true false false false false false false false true true false true false false false 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. Schedule R, Part V, Line 1c Gift, grant, or capital contribution from related organization(s) $2,000,000 grants made by ECMC Foundation to ECMC Education, Inc. to fund programs with a focus on career readiness in support of ECMC Foundation's mission to improve higher education and career success among underserved populations through evidence-based innovation. Schedule R, Part V, Line 1m Performance of services by related organization(s) $108,000 for default aversion services were paid to Educational Credit Management Corporation. Schedule R, Part V, Line 1c Gift, grant, or capital contribution from related organization(s) $26,626,736 contributions made by ECMC Group, Inc. to ECMC Education, Inc. $23,934,444 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. $2,692,292 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. Schedule R, Part V, Line 1e Loans or loan guarantees by related organization(s) $150,000 contingent liability. ECMC Education, Inc. and ECMC Group, Inc., as co-applicants, established a letter of credit. The letter of credit expired in March 2021. Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses $364,768 Paid to ECMC Shared Services Company, LLC, a wholly owned subsidiary of ECMC Group, Inc., a related organization, for expenses. Schedule R, Part V, Line 1n Sharing of Facilities, Equipment, or Other Assets with Related Org(s) $188,609 allocated expenses for Facilities, Equipment, Mailing Lists or Other Assets shared with ECMC Group, Inc. Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses $91,106 Paid to ECMC Group, Inc. for expenses. Schedule R, Part V, 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 $28 million through March 31, 2023 to help sustain the operations of ECMC Education, Inc. Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses $53,152 Paid to Educational Credit Management Corporation for expenses.