ECMC EDUCATION INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ECMC EDUCATION INC (EIN 47-2237488)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-09
IRS object ID
202113139349305606
Schema version
2020v4.0
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)
Return2021-11-09T18:00:45-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Baker Tilly US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 S 6th St Ste 2300AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472237488EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ECMC Education IncBusinessNameLine1Txt
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
Signature2021-11-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMartin APersonFirstNm
Person LastScanlonPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLawrence H Mohr CPAPreparerPersonNm
PTINP00447603PTIN
Phone6128764500PhoneNum
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1Altierus Career College and Altierus Training SolutionsBusinessNameLine1Txt

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Todd SteeleBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 Washington Ave So 1400AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$77,523,609GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.ecmceducation.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionECMC 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.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee334TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$53,651,806PYContributionsGrantsAmt
CY Contributions Grants$56,629,859CYContributionsGrantsAmt
PY Program Service Revenue$16,032,153PYProgramServiceRevenueAmt
CY Program Service Revenue$20,861,685CYProgramServiceRevenueAmt
PY Investment Income$2,552PYInvestmentIncomeAmt
CY Investment Income-$13CYInvestmentIncomeAmt
PY Other Revenue$55,483PYOtherRevenueAmt
CY Other Revenue$32,065CYOtherRevenueAmt
PY Total Revenue$69,741,994PYTotalRevenueAmt
CY Total Revenue$77,523,596CYTotalRevenueAmt
PY Grants And Similar Paid$1,430,945PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,523,512CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$17,296,880PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$17,646,240CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$33,225,393PYOtherExpensesAmt
CY Other Expenses$18,525,657CYOtherExpensesAmt
PY Total Expenses$51,953,218PYTotalExpensesAmt
CY Total Expenses$37,695,409CYTotalExpensesAmt
PY Revenues Less Expenses$17,788,776PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$39,828,187CYRevenuesLessExpensesAmt
Total Assets BOY$10,222,127TotalAssetsBOYAmt
Total Assets EOY$10,196,836TotalAssetsEOYAmt
Total Liabilities BOY$93,418,977TotalLiabilitiesBOYAmt
Total Liabilities EOY$53,565,499TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$83,196,850NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$43,368,663NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionECMC Education, Inc.'s mission is to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities.MissionDesc
Significant New Program SrvcYes (true)SignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$28,268,921ExpenseAmt
Grant$0GrantAmt
Revenue$20,780,773RevenueAmt
DescInstruction 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 is reported as a separate program on the Form 990. ECMC Education, Inc. serves a non-traditional, underserved student population: 85% of ECMC Education, Inc. students are eligible for Pell Grants (68% are eligible for full Pell Grants); 65% of ECMC Education, Inc.'s student body is female; 87% of students are non-white; 54% of students are older than 25 years old; only 55% 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 November 8, 2017, ECMC Education, Inc. announced that 21 of the 24 Altierus and WyoTech schools would be taught out and would no longer accept enrollments effective immediately. The last teachout was completed during 2019. This reduction in campuses is part of management's execution of the plan to reduce operating expenses. For the continuing Altierus schools, management is focused on organizational and school strategies, including new programs, and enhancing or establishing partnerships with vendors, employers and other parties to expand placement opportunities for students as well as expand and promote career and technical education. As of December 31, 2020, ECMC Education, Inc. enrolls approximately 1,200 students and operates three schools in three states under the Altierus brand.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,523,512ExpenseAmt
Grant$1,523,512GrantAmt
Revenue$0RevenueAmt
DescGrants and Scholarships. ECMC Education, Inc. offers the following scholarship and grant programs to make college affordable for our students: Altierus American Dream Scholarships, Altierus Student Grants, Altierus Alumni Scholarships and Altierus 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 who enroll at any Altierus institution on or after September 18, 2017, 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 2020, ECMC Education, Inc. distributed a $2,000 Altierus American Dream Scholarship to two students. The Altierus/Zenith Student 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. This institutional grant is available for new and continuing students enrolled on or after July 25, 2016 for current and future academic periods. The amount and source of the grant, which can be up to $10,000 per academic year, may vary by student based on the demonstrated financial assistance needed, and institutional grant funding availability. In 2020, ECMC Education, Inc. distributed more than $1 million in Altierus/Zenith Student Grants to 427 students. The Altierus Alumni Scholarship is an institutional scholarship of up to $2,500 for graduates of an Altierus Career College (and former Everest students) who wish to further their education in the Nursing or Surgical Technologist programs at an Altierus institution. ECMC Education, Inc. distributed $7,500 in Altierus Alumni Scholarships in 2020 to four students. Alterius 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 2020, ECMC Education, Inc. distributed more than $180,000 in Military Scholarships to 155 military personnel, veterans and their dependents. On November 8, 2017, ECMC Education, Inc. announced that 21 of the 24 Altierus and WyoTech schools would be taught out and would no longer accept enrollments effective immediately. The last teachout was completed during 2019. This reduction in campuses is part of management's execution of the plan to reduce operating expenses. For the continuing Altierus schools, management is focused on organizational and school strategies, including new programs, and enhancing or establishing partnerships with vendors, employers and other parties to expand placement opportunities for students as well as expand and promote career and technical education. As of December 31, 2020, ECMC Education, Inc. enrolls approximately 1,200 students and operates three schools in three states under the Altierus brand.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$53,039ExpenseAmt
Grant$0GrantAmt
Revenue$80,912RevenueAmt
DescAltierus 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.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$29,845,472TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2252IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee334EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncYes (true)SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
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

Form990 Part VII Section A Form990PartVIISectionAGrp (26 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
Derek Langhauser
Director1.06.0Yes (X)$0$71,875$0
Diana J Ingram
Director1.08.0Yes (X)$0$133,750$0
Jack O'Connell
Director1.07.0Yes (X)$0$130,000$0
James V McKeon
Director1.018.0Yes (X)$0$191,250$0
Jeremy J Wheaton
President & CEO, ECMC Group, Inc.0.040.0Yes (X)$0$1,136,906$117,083
Julia S Gouw
Director1.07.0Yes (X)$0$157,500$0
K Paul Singh
Board Chair ECMC Education1.06.0Yes (X)$0$137,500$0
Maurice M Salter
Director1.08.0Yes (X)$0$152,500$0
Daniel S Fisher
Group General Counsel & Corp Sec; ECMC President (effective 07-01-20)0.040.0$0$687,972$95,259Yes (X)
Jacob N Kassuba
VP, Campus Operations40.00$211,540$0$61,138Yes (X)
Jennifer M Erpelding
VP, Chief Academic Officer40.00$162,078$0$45,246Yes (X)
Jeremy W Ericson
VP, Marketing40.00$233,928$0$59,299Yes (X)
Joni Kurland
VP, Accreditation, Licensing and Campus Compliance40.00$157,797$0$23,193Yes (X)
Martin A Scanlon
CFO & Treasurer0.040.0$0$686,542$90,517Yes (X)
Thomas O'Donnell
SVP, Growth and Development40.00$299,970$0$68,655Yes (X)
Todd Steele
President, ECMC Education40.00$395,713$0$68,598Yes (X)
Gregory Garrett
Campus Director40.00$131,661$0$18,288Yes (X)
Lyn Cross
AVP, Financial Aid Operations Support40.00$128,649$0$33,474Yes (X)
Moses Delaney
Campus Director40.00$138,270$0$14,210Yes (X)
Richard Jackson
AVP, Enrollment40.00$128,118$0$16,460Yes (X)
Susan Samek
Compliance Director and Title IX Coordinator40.00$130,784$0$34,151Yes (X)
Gregory A Van Guilder
Former Treasurer; current CIO, ECMC Group0.040.0$0$1,072,370$96,552Yes (X)
I King Jordan
Former Director0.00.0$0$30,000$0Yes (X)
John F DePodesta
Former Board Chair0.00.0$0$100,000$0Yes (X)
Peter J Taylor
Former President & CEO, current President & Director, ECMC Foundation0.040.0$0$573,155$142,023Yes (X)
Roberta Cooper Ramo
Former Director0.00.0$0$75,000$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,118,508TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$5,336,320TotReportableCompRltdOrgAmt
Total Other Compensation$984,146TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K11IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line2ContractorAddress/USAddress/AddressLine2Txt
Validated Insights Inc
961 Cumberland LnBuffalo GroveIL60089Marketing Professional Services$3,668,453
Ambassador Education Solutions
445 Broad Hollow RdMelvilleNY11747Textbooks$1,304,186
CBRE
PO Box 848844Los AngelesCA90084Facility Services$558,159
Colle Mcvoy
400 First Ave NMinneapolisMN55401Public Relations Support Services$499,987
Jones Lang Lasalle Americas Inc
71700 Treasury CenterChicagoIL60694Facility Services$329,252Lockbox 33845
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K18CntrctRcvdGreaterThan100KCnt
Related Organizations$46,784,066RelatedOrganizationsAmt
Government Grants$9,845,793GovernmentGrantsAmt
Noncash Contributions$21,149,221NoncashContributionsAmt
Total Contributions$56,629,859TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescInstructionDesc
Business611310BusinessCd
Total Revenue Column$20,861,685TotalRevenueColumnAmt
Related Or Exempt Func Income$20,861,685RelatedOrExemptFuncIncomeAmt

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$20,861,685TotalProgramServiceRevenueAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$0OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$13OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other-$13OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$13TotalRevenueColumnAmt
Exclusion-$13ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
Miscellaneous900099$28,704$28,704
Intercompany Servicing Revenue900099$3,361$3,361

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$32,065OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$77,523,596TotalRevenueColumnAmt
Related Or Exempt Func Income$20,861,685RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$32,052ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$8,512TotalAmt
Program Services$8,512ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,515,000TotalAmt
Program Services$1,515,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,787,153TotalAmt
Program Services$480,001ProgramServicesAmt
Management And General$1,307,152ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$12,826,692TotalAmt
Program Services$10,338,160ProgramServicesAmt
Management And General$2,488,532ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$513,322TotalAmt
Program Services$397,593ProgramServicesAmt
Management And General$115,729ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,509,315TotalAmt
Program Services$1,407,468ProgramServicesAmt
Management And General$101,847ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,009,758TotalAmt
Program Services$866,763ProgramServicesAmt
Management And General$142,995ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$145,964TotalAmt
Management And General$145,964ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$140,220TotalAmt
Management And General$140,220ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$18,220TotalAmt
Management And General$18,220ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$4,918,794TotalAmt
Program Services$2,668,242ProgramServicesAmt
Management And General$2,250,552ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,459,235TotalAmt
Program Services$3,451,486ProgramServicesAmt
Management And General$7,749ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$474,498TotalAmt
Program Services$301,577ProgramServicesAmt
Management And General$172,921ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$995,274TotalAmt
Program Services$393,379ProgramServicesAmt
Management And General$601,895ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,964,759TotalAmt
Program Services$2,895,451ProgramServicesAmt
Management And General$69,308ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$130,990TotalAmt
Program Services$73,510ProgramServicesAmt
Management And General$57,480ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$15,506TotalAmt
Program Services$11,825ProgramServicesAmt
Management And General$3,681ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$118,000TotalAmt
Program Services$118,000ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$120,638TotalAmt
Program Services$93,288ProgramServicesAmt
Management And General$27,350ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$549,261TotalAmt
Program Services$526,698ProgramServicesAmt
Management And General$22,563ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
Impairment-$1,415,247-$1,415,247
Bookstore$1,925,245$1,925,245
Student Services$485,708$485,708
Classroom Supplies$377,001$377,001

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,101,591TotalAmt
Program Services$1,510,565ProgramServicesAmt
Management And General$1,591,026ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$37,695,409TotalAmt
Program Services$29,845,472ProgramServicesAmt
Management And General$7,849,937ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,984,792BOYAmt
EOY$6,266,518EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$374,395BOYAmt
EOY$736,627EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$44,024BOYAmt
EOY$221,213EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,288,926BOYAmt
EOY$1,544,122EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$17,155,540LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$16,788,429LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$439,133BOYAmt
EOY$367,111EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,090,857BOYAmt
EOY$1,061,245EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,222,127BOYAmt
EOY$10,196,836EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$81,529,034BOYAmt
EOY$48,766,298EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
EOY$642,004EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,510,962BOYAmt
EOY$2,753,520EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,378,981BOYAmt
EOY$1,403,677EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$93,418,977BOYAmt
EOY$53,565,499EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$86,744,129BOYAmt
EOY-$44,238,015EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,547,279BOYAmt
EOY$869,352EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$83,196,850BOYAmt
EOY-$43,368,663EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,222,127BOYAmt
EOY$10,196,836EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$39,828,187ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

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 C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$18,930DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$18,930TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYFormAndLineReferenceDesc
ExplanationGeneral lobbying activities on legislative issues of relevance to ECMC Education, Inc.ExplanationTxt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,547,279BeginningYearBalanceAmt
Other Expenditures$2,677,927OtherExpendituresAmt
End Year Balance$869,352EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
Contributions$3,547,279ContributionsAmt
End Year Balance$3,547,279EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
End Year Balance$0EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
End Year Balance$0EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$0BeginningYearBalanceAmt
End Year Balance$0EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY1.0BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.0PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,787,428OtherCostOrOtherBasisAmt
Depreciation$2,786,232DepreciationAmt
Book Value$1,196BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,594,560OtherCostOrOtherBasisAmt
Depreciation$6,229,150DepreciationAmt
Book Value$365,410BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,773,552OtherCostOrOtherBasisAmt
Depreciation$7,773,047DepreciationAmt
Book Value$505BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$367,111TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (5 entries)

DescDescBook ValueBookValueAmt
Other Receivables
Deposits$47,138
Due From Foundation
Due From Educational Credit Management Corporation
Grants Receivable from ECMC Foundation$1,014,107
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,061,245TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (9 entries)

DescDescAmtAmt
Lease Incentive Obligation$145,539
Earn out Agreement Liability with ED
Due to ECMC Foundation$1,215
Deferred Grant Revenue
Due to ECMC Group, Inc.$171,372
Due to Educational Credit Management Corporation$39,501
Due to ECMC Shared Services Company, LLC$829,194
Due to ECMC Holdings Corporation
Student Accounts Liability$216,856
FieldValueIRS element (for citing)
Total Liability$1,403,677TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$25,060,000TotalRevEtcAuditedFinclStmtAmt
Other Revenue$612OtherRevenueAmt
Revenue Not Reported$612RevenueNotReportedAmt
Revenue Subtotal$25,059,388RevenueSubtotalAmt
Other Revenues Not Included$52,464,208OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$52,464,208RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$77,523,596TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$15,032,000TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$799OtherExpensesIncludedAmt
Expenses Not Reported$799ExpensesNotReportedAmt
Expenses Subtotal$15,031,201ExpensesSubtotalAmt
Other Expenses Not Included$22,664,208OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$22,664,208ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$37,695,409TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part V, Line 4 Intended uses of endowment fundsDonor restricted grants from ECMC Foundation, a related party, are classified as net assets with donor restrictions when the restriction expires in the same year as funds are received.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe FIN 48 (ASC 470) disclosure in the ECMC Education, Inc. financial statements reads as follows: "ECMC Education, Inc. 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. ECMC Education, Inc. 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 ECMC Education, Inc. for uncertain tax positions as of December 31, 2020 and 2019. Education's tax returns are subject to review and examination by federal and state authorities."
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990Rounding adjustment because dollars are reported in thousands on the audited financial statements - 612
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statementsCash contribution from ECMC Group, Inc. - 29800000 Noncash contributions from ECMC Group, Inc. - 13323000 Forgiveness of minimum earn-out liability - 7825000 ECMC Education, Inc. scholarships and financial assistance - 1348045 ECMC Education, Inc. SEOG Grant FA Match - 166955 Coronavirus Aid, Relief and Economic Security Act Employee Retention Credit Correctly Reported Net of Payroll Taxes on the Audited Financial Statements - 1221 Loss on disposal of fixed assets - -13
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990Rounding adjustment because dollars are reported in thousands on the audited financial statements - 799
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements$11.75 million payment made by ECMC Group, Inc. on behalf of ECMC Education, Inc. to assist in the lease buyout of a closed facility and $1.573 million 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 - 13323000 Forgiveness of minimum earn-out liability - 7825000 ECMC Education, Inc. scholarships and financial assistance - 1348045 ECMC Education, Inc. SEOG Grant FA Match - 166955 Coronavirus Aid, Relief and Economic Security Act Employee Retention Credit Correctly Reported Net of Payroll Taxes on the Audited Financial Statements - 1221 Loss on disposal of fixed assets - -13

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediafalsePlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolfalseMaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYECMC 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 ORGANIZATIONNo contributions are solicited.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTECMC Education, Inc. participates in U.S. Department of Education Supplemental Educational Opportunity Grant and Pell grant programs, and was awarded approximately $2.5 million through the Higher Education Emergency Relief Fund provided by the Coronavirus Aid, Relief, and Economics Security Act.

Schedule I IRS990ScheduleI

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

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeStudent Scholarships and Financial AssistanceGrantTypeTxt
Recipient591RecipientCnt
Cash Grant$1,515,000CashGrantAmt
Valuation Method UsedBookValuationMethodUsedDesc

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule I, Part III Student Scholarships and Financial AssistanceECMC Education, Inc. provides scholarship and financial assistance to students for tuition, books and fees. In 2020, Scholarship and grant programs include American Dream Scholarships, Altierus/Zenith Student Grants, Altierus Alumni Scholarship, Scholarship Employee and Military Scholarships. Awards are based on eligibility and are credited to each student's account.
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.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsYes (true)CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsYes (true)CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 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
Roberta Cooper Ramo
Former Director$0$75,000$0$0$0$0$0$0$0$0$0$75,000$0$0
John F DePodesta
Former Board Chair$0$100,000$0$0$0$0$0$0$0$0$0$100,000$0$0
I King Jordan
Former Director$0$30,000$0$0$0$0$0$0$0$0$0$30,000$0$0
Julia S Gouw
Director$0$157,500$0$0$0$0$0$0$0$0$0$157,500$0$0
James V McKeon
Director$0$191,250$0$0$0$0$0$0$0$0$0$191,250$0$0
Maurice M Salter
Director$0$152,500$0$0$0$0$0$0$0$0$0$152,500$0$0
Jeremy J Wheaton
President & CEO, ECMC Group, Inc.$0$542,193$0$572,655$0$22,058$0$85,621$0$31,462$0$1,253,989$0$19,500
Peter J Taylor
Former President & CEO, current President & Director, ECMC Foundation$0$390,303$0$80,000$0$102,852$0$127,391$0$14,632$0$715,178$0$90,690
Gregory A Van Guilder
Former Treasurer; current CIO, ECMC Group$0$659,911$0$331,875$0$80,584$0$80,180$0$16,372$0$1,168,922$0$19,500
Jeremy W Ericson
VP, Marketing$177,865$0$54,483$0$1,580$0$31,101$0$28,198$0$293,227$0$0$0
Jennifer M Erpelding
VP, Chief Academic Officer$128,682$0$32,000$0$1,396$0$18,210$0$27,036$0$207,324$0$0$0
Daniel S Fisher
Group General Counsel & Corp Sec; ECMC President (effective 07-01-20)$0$388,184$0$277,324$0$22,464$0$60,469$0$34,790$0$783,231$0$19,500
Jacob N Kassuba
VP, Campus Operations$164,467$0$45,663$0$1,410$0$28,657$0$32,481$0$272,678$0$0$0
Joni Kurland
VP, Accreditation, Licensing and Campus Compliance$132,727$0$23,325$0$1,745$0$20,561$0$2,632$0$180,990$0$0$0
Thomas O'Donnell
SVP, Growth and Development$225,128$0$73,369$0$1,473$0$38,644$0$30,011$0$368,625$0$0$0
Martin A Scanlon
CFO & Treasurer$0$365,233$0$299,798$0$21,511$0$58,750$0$31,767$0$777,059$0$17,700
Todd Steele
President, ECMC Education$296,224$0$96,456$0$3,033$0$43,699$0$24,899$0$464,311$0$0$0
Lyn Cross
AVP, Financial Aid Operations Support$125,820$0$2,000$0$829$0$17,069$0$16,405$0$162,123$0$0$0
Moses Delaney
Campus Director$137,365$0$0$0$905$0$11,510$0$2,700$0$152,480$0$0$0
Susan Samek
Compliance Director and Title IX Coordinator$107,262$0$18,071$0$5,451$0$17,415$0$16,736$0$164,935$0$0$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a Tax indemnification and gross-up paymentsCertain taxable benefits are grossed up to make the employee whole; this has been approved by the Board of Directors.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement planECMC 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 2020, 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 $30,759, $23,669, $3,957 and $3,888, respectively, and Peter J. Taylor participated in the SERP plan, and received an employer contribution of $76,756.
Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organizationECMC 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 organizationECMC 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 M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)$11,750,000 ECMC Group, Inc. contribution to assist in the lease buyout of a closed facility1$11,750,000Other - Book Value
Yes (X)$1,573,000 expense accrued by ECMC Group, Inc. for section 4968 excise tax on net investment income1$1,573,000Other - Book Value
Yes (X)$7,825,000 Forgiveness of Minimum Earn-out Liability by the U.S. Department of Education1$7,825,000Other - Book Value
Yes (X)$1,221 Coronavirus Aid, Relief and Economic Security Act Employee Retention Credit3$1,221Other - Book Value
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I Explanations of reporting method for number of contributionsFormAndLineReferenceDesc
ExplanationOther - $11,750,000 ECMC Group, Inc. contribution to assist in the lease buyout of a closed facility The number reported in Part I, Line 25, Column (b) is based on the singular event. Other - $1,573,000 expense accrued by ECMC Group, Inc. for section 4968 excise tax on net investment income The number reported in Part I, Line 25, Column (b) is based on the singular event. Other - $7,825,000 Forgiveness of Minimum Earn-out Liability by the U.S. Department of Education The number reported in Part I, Line 25, Column (b) is based on the singular event. Other - $1,221 Coronavirus Aid, Relief and Economic Security Act Employee Retention Credit The number reported in Part I, Line 25, Column (b) is based on the Quarterly IRS Form 941 filingsExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 2 New program servicesAltierus Training Solutions. Complementing ECMC Education, Inc.'s mission to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities, ECMC Education, Inc. launched Altierus Training Solutions in 2019 and is reporting the initiative as a separate program in 2020. Through a collaborative approach with career and technical industry employers, Altierus Training Solutions will provide technology-driven training programs to the employer training market.
Form 990, Part VI, Line 13 Whistleblower PolicyThe 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 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 repercussions 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 binds all employees 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 an anonymous telephone hotline and website administered by an outside vendor to report concerns. 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 personsMr. McKeon and Mr. Salter - Business relationship
Form 990, Part VI, Line 6 Classes of members or stockholdersECMC 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 bodyECMC 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 stockholdersECMC 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 bodyAll 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 policyOfficers, 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 ECMC Group, Inc. CEO, 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 where they may have a conflict of interest.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialThe 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 2020, 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 employeesThe 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 2020, 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 publicNo documents are made available to the public.
Form 990, Part VII, Section A ConsultingJohn F. DePodesta, Roberta Cooper Ramo and I. King Jordan, former Directors, had consulting agreements in 2020. Derek Langhauser had a consulting agreement in 2020; the agreement ended prior to his appointment to the Board of Directors.
Form 990, Part IX, Line 11g Other FeesContractor Services - Total Expense: 51498, Program Service Expense: 300, Management and General Expenses: 51198, Fundraising Expenses: ; Facilities Expense - Total Expense: 284431, Program Service Expense: 251685, Management and General Expenses: 32746, Fundraising Expenses: ; Professional Services - Total Expense: 4582865, Program Service Expense: 2416257, Management and General Expenses: 2166608, Fundraising Expenses: ;

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
ECMC Group Inc
111 Washington Ave SoSte 1400MinneapolisMN55401411991995Education FinanceDE501(c)(3)Type IINAfalse
Educational Credit Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411778617GuarantorMN501(c)(3)10ECMC Group Incfalse
ECMC Foundation
111 Washington Ave SoSte 1400MinneapolisMN55401411990628Promote EducationDE501(c)(3)Type IIECMC Group Incfalse
ECMC Revenue Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401831761663Student Loan Default ResolutionDE501(c)(3)10Educational Credit Management Corporationfalse
ECMC Services Inc
111 Washington Ave SoSte 1400MinneapolisMN55401831763915Student Loan Repayment ServicesDE501(c)(3)10Educational Credit Management Corporationfalse

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (13 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
ATX A-Team The Guild LP
500 W Second StSte 1900 153AustinTX78701843490066InvestmentsTXNAN/Afalsefalse
ATX A-Team Zenbusiness LP
500 W Second StSte 1900 153AustinTX78701853438448InvestmentsTXNAN/Afalsefalse
Blackhorn Select LP
1800 Wazee StSte 300DenverCO80202844370139InvestmentsDENAN/Afalsefalse
BST 052 a series of SAX Capital Series Fund III LP
PO Box 3217SeattleWA98114853876811InvestmentsDENAN/Afalsefalse
Commonfund Capital Secondaries Opportunities Fund LP
15 Old Danbury RdWiltonCT06897842082338InvestmentsDENAN/Afalsefalse
ECMC-UV Co-Investment Fund LP
530 7th AveSte 1909New YorkNY10018813873029InvestmentsDENAN/Afalsefalse
First Light Prism Fund LP
3300 Edinborough WaySte 201EdinaMN55435371911642InvestmentsDENAN/Afalsefalse
R7 Partners Growth Fund I LP
100 S Wacker DrSte 1675ChicagoIL60606851019413InvestmentsDENAN/Afalsefalse
OnRamp Education and Workforce Innovation Fund I LLC
821 E Washington AveSte 200-GMadisonWI53703843999115InvestmentsDENAN/Afalsefalse
PC-1 Developers LLC
3636 Mayberry DrRenoNV89509831603672InvestmentsNVNAN/Afalsefalse
UP Fund I a series of Boost VC SPV LP
PO Box 3217SeattleWA98114851519551InvestmentsDENAN/Afalsefalse
Wilshire Institutional Master Fund II SPC - Oakdale Liquid Alternatives SP
981538445InvestmentsNAN/Afalsefalse190 Elgin AveGeorge TownGrand CaymanCJKY19005CJ
WY Fund I a series of Boost VC SPV LP
PO Box 3217SeattleWA98114851519506InvestmentsDENAN/Afalsefalse

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (9 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtAddress Line2ForeignAddress/AddressLine2TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
Oakdale Investment Management Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401352085743Holding InvestmentsDEECMC Group IncC Corporationfalse
ECMC Holdings Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411991992Strategic OversightDEECMC Group IncC Corporationfalse
Educational Credit Services Company
111 Washington Ave SoSte 1400MinneapolisMN55401411992001Private LoansDEECMC Holdings CorporationC Corporationfalse
ECMC Records & Rec Mgmt Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989959Document ManagementDEECMC Holdings CorporationC Corporationfalse
ECMC Management Services Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989960Management ServicesDEECMC Holdings CorporationC Corporationfalse
ECMC Technology Services Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401411989958Technology ServicesDEECMC Holdings CorporationC Corporationfalse
ECMC Servicing Corporation
111 Washington Ave SoSte 1400MinneapolisMN55401471154366Loan ServicingDEECMC Holdings CorporationC Corporationfalse
ECMC Private Market Opportunities LP
452 Fifth Ave29th FlNew YorkNY10018842552668InvestmentsDEECMC Group IncC Corporationfalse
Palo Alto Advanced Life Sciences Offshore Ltd
InvestmentsECMC Group IncC Corporationfalsec/o Walkers Cayman Corporate Center27 Hospital RdGeorgetownGrand CaymanCJKY19008CJ
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (true)LoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule R, Part I Disregarded Entities of Related Organizations1(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)$3,661,066 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)$118,000 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)$43,123,000 contributions made by ECMC Group, Inc. to ECMC Education, Inc. $29,800,000 cash 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. $11,750,000 noncash contribution for payment made by ECMC Group, Inc. on behalf of ECMC Education, Inc. to assist in the lease buyout of a closed facility. $1,573,000 noncash contribution for expense accrued by ECMC Group 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 expires in March 2021.
Schedule R, Part V, Line 1q Reimbursement Paid by Related Organization(s) for Expenses$223,869 Paid by 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)$118,201 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$104,040 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 $31 million through March 31, 2022 to help sustain the operations of ECMC Education, Inc.

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