2021-11-09T18:00:45-06:00 2020-12-31 390859910 Baker Tilly US LLP 225 S 6th St Ste 2300 Minneapolis MN 55402 990 2020-01-01 472237488 ECMC Education Inc ECMC 6512210566 111 Washington Ave So 1400 Minneapolis MN 55401 Martin A Scanlon CFO & Treasurer 2021-11-09 true Martin A Scanlon 999009999 Lawrence H Mohr CPA P00447603 6128764500 2020 2022-09-23 18:48:47Z Altierus Career College and Altierus Training Solutions Todd Steele 111 Washington Ave So 1400 Minneapolis MN 55401 77523609 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. 8 7 334 0 0 0 53651806 56629859 16032153 20861685 2552 -13 55483 32065 69741994 77523596 1430945 1523512 0 17296880 17646240 0 0 33225393 18525657 51953218 37695409 17788776 39828187 10222127 10196836 93418977 53565499 -83196850 -43368663 X ECMC Education, Inc.'s mission is to transform career and technical education to provide aspiring and current learners with skills to elevate their careers and communities. true false 28268921 0 20780773 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 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. 1523512 1523512 0 Grants 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. 53039 0 80912 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. 29845472 true true false true false false false false true true false false true true true true true true false false false false false false false false false true true false false false false false false false false true false false false false true false false false true 2252 0 334 true false false false false false false false false false false false false true X 8 7 true false false false true true true true true false false true true true true true true true true false CA FL GA MN X Martin A Scanlon 6512210566 111 Washington Ave So Ste 1400 Minneapolis MN 55401 Derek Langhauser Director 1.0 6.0 X 0 71875 0 Diana J Ingram Director 1.0 8.0 X 0 133750 0 Jack O'Connell Director 1.0 7.0 X 0 130000 0 James V McKeon Director 1.0 18.0 X 0 191250 0 Jeremy J Wheaton President & CEO, ECMC Group, Inc. 0.0 40.0 X 0 1136906 117083 Julia S Gouw Director 1.0 7.0 X 0 157500 0 K Paul Singh Board Chair ECMC Education 1.0 6.0 X 0 137500 0 Maurice M Salter Director 1.0 8.0 X 0 152500 0 Daniel S Fisher Group General Counsel & Corp Sec; ECMC President (effective 07-01-20) 0.0 40.0 X 0 687972 95259 Jacob N Kassuba VP, Campus Operations 40.0 0 X 211540 0 61138 Jennifer M Erpelding VP, Chief Academic Officer 40.0 0 X 162078 0 45246 Jeremy W Ericson VP, Marketing 40.0 0 X 233928 0 59299 Joni Kurland VP, Accreditation, Licensing and Campus Compliance 40.0 0 X 157797 0 23193 Martin A Scanlon CFO & Treasurer 0.0 40.0 X 0 686542 90517 Thomas O'Donnell SVP, Growth and Development 40.0 0 X 299970 0 68655 Todd Steele President, ECMC Education 40.0 0 X 395713 0 68598 Gregory Garrett Campus Director 40.0 0 X 131661 0 18288 Lyn Cross AVP, Financial Aid Operations Support 40.0 0 X 128649 0 33474 Moses Delaney Campus Director 40.0 0 X 138270 0 14210 Richard Jackson AVP, Enrollment 40.0 0 X 128118 0 16460 Susan Samek Compliance Director and Title IX Coordinator 40.0 0 X 130784 0 34151 Gregory A Van Guilder Former Treasurer; current CIO, ECMC Group 0.0 40.0 X 0 1072370 96552 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 100000 0 Peter J Taylor Former President & CEO, current President & Director, ECMC Foundation 0.0 40.0 X 0 573155 142023 Roberta Cooper Ramo Former Director 0.0 0.0 X 0 75000 0 2118508 5336320 984146 11 true true false Validated Insights Inc 961 Cumberland Ln Buffalo Grove IL 60089 Marketing Professional Services 3668453 Ambassador Education Solutions 445 Broad Hollow Rd Melville NY 11747 Textbooks 1304186 CBRE PO Box 848844 Los Angeles CA 90084 Facility Services 558159 Colle Mcvoy 400 First Ave N Minneapolis MN 55401 Public Relations Support Services 499987 Jones Lang Lasalle Americas Inc 71700 Treasury Center Lockbox 33845 Chicago IL 60694 Facility Services 329252 18 46784066 9845793 21149221 56629859 Instruction 611310 20861685 20861685 0 0 0 0 20861685 0 0 0 13 0 -13 -13 -13 Miscellaneous 900099 28704 28704 Intercompany Servicing Revenue 900099 3361 3361 0 0 0 0 32065 77523596 20861685 0 32052 X 8512 8512 1515000 1515000 1787153 480001 1307152 12826692 10338160 2488532 513322 397593 115729 1509315 1407468 101847 1009758 866763 142995 145964 145964 140220 140220 18220 18220 4918794 2668242 2250552 0 3459235 3451486 7749 474498 301577 172921 995274 393379 601895 2964759 2895451 69308 130990 73510 57480 15506 11825 3681 118000 118000 120638 93288 27350 549261 526698 22563 Impairment -1415247 -1415247 Bookstore 1925245 1925245 Student Services 485708 485708 Classroom Supplies 377001 377001 3101591 1510565 1591026 0 37695409 29845472 7849937 0 5984792 6266518 374395 736627 0 0 0 0 44024 221213 2288926 1544122 17155540 16788429 439133 367111 0 0 1090857 1061245 10222127 10196836 81529034 48766298 642004 2510962 2753520 0 0 9378981 1403677 93418977 53565499 X -86744129 -44238015 3547279 869352 -83196850 -43368663 10222127 10196836 39828187 0 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 18930 false false 18930 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. 3547279 2677927 869352 0 3547279 3547279 0 0 0 0 0 0 1.0 0.0 0.0 false false 2787428 2786232 1196 6594560 6229150 365410 7773552 7773047 505 367111 Other Receivables Deposits 47138 Due From Foundation Due From Educational Credit Management Corporation Grants Receivable from ECMC Foundation 1014107 1061245 Lease Incentive Obligation 145539 Earn out Agreement Liability with ED Due to ECMC Foundation 1215 Deferred Grant Revenue Due to ECMC Group, Inc. 171372 Due to Educational Credit Management Corporation 39501 Due to ECMC Shared Services Company, LLC 829194 Due to ECMC Holdings Corporation Student Accounts Liability 216856 1403677 X 25060000 612 612 25059388 52464208 52464208 77523596 15032000 799 799 15031201 22664208 22664208 37695409 Schedule D, Part V, Line 4 Intended uses of endowment funds Donor 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) footnote The 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 990 Rounding 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 statements Cash 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 990 Rounding 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 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 $2.5 million through the Higher Education Emergency Relief Fund provided by the Coronavirus Aid, Relief, and Economics Security Act. true Student Scholarships and Financial Assistance 591 1515000 Book 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 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. X true true X X X X false true false false true false true false false Roberta Cooper Ramo Former Director 0 75000 0 0 0 0 0 0 0 0 0 75000 0 0 John F DePodesta Former Board Chair 0 100000 0 0 0 0 0 0 0 0 0 100000 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 157500 0 0 0 0 0 0 0 0 0 157500 0 0 James V McKeon Director 0 191250 0 0 0 0 0 0 0 0 0 191250 0 0 Maurice M Salter Director 0 152500 0 0 0 0 0 0 0 0 0 152500 0 0 Jeremy J Wheaton President & CEO, ECMC Group, Inc. 0 542193 0 572655 0 22058 0 85621 0 31462 0 1253989 0 19500 Peter J Taylor Former President & CEO, current President & Director, ECMC Foundation 0 390303 0 80000 0 102852 0 127391 0 14632 0 715178 0 90690 Gregory A Van Guilder Former Treasurer; current CIO, ECMC Group 0 659911 0 331875 0 80584 0 80180 0 16372 0 1168922 0 19500 Jeremy W Ericson VP, Marketing 177865 0 54483 0 1580 0 31101 0 28198 0 293227 0 0 0 Jennifer M Erpelding VP, Chief Academic Officer 128682 0 32000 0 1396 0 18210 0 27036 0 207324 0 0 0 Daniel S Fisher Group General Counsel & Corp Sec; ECMC President (effective 07-01-20) 0 388184 0 277324 0 22464 0 60469 0 34790 0 783231 0 19500 Jacob N Kassuba VP, Campus Operations 164467 0 45663 0 1410 0 28657 0 32481 0 272678 0 0 0 Joni Kurland VP, Accreditation, Licensing and Campus Compliance 132727 0 23325 0 1745 0 20561 0 2632 0 180990 0 0 0 Thomas O'Donnell SVP, Growth and Development 225128 0 73369 0 1473 0 38644 0 30011 0 368625 0 0 0 Martin A Scanlon CFO & Treasurer 0 365233 0 299798 0 21511 0 58750 0 31767 0 777059 0 17700 Todd Steele President, ECMC Education 296224 0 96456 0 3033 0 43699 0 24899 0 464311 0 0 0 Lyn Cross AVP, Financial Aid Operations Support 125820 0 2000 0 829 0 17069 0 16405 0 162123 0 0 0 Moses Delaney Campus Director 137365 0 0 0 905 0 11510 0 2700 0 152480 0 0 0 Susan Samek Compliance Director and Title IX Coordinator 107262 0 18071 0 5451 0 17415 0 16736 0 164935 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Certain taxable benefits are grossed up to make the employee whole; this has been approved by the Board of Directors. Schedule J, Part I, Line 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 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 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. X $11,750,000 ECMC Group, Inc. contribution to assist in the lease buyout of a closed facility 1 11750000 Other - Book Value X $1,573,000 expense accrued by ECMC Group, Inc. for section 4968 excise tax on net investment income 1 1573000 Other - Book Value X $7,825,000 Forgiveness of Minimum Earn-out Liability by the U.S. Department of Education 1 7825000 Other - Book Value X $1,221 Coronavirus Aid, Relief and Economic Security Act Employee Retention Credit 3 1221 Other - Book Value 0 false false false Schedule M, Part I Explanations of reporting method for number of contributions Other - $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 filings Form 990, Part III, Line 2 New program services Altierus 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 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 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 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 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 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 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 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 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 public No documents are made available to the public. Form 990, Part VII, Section A Consulting John 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 Fees Contractor 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: ; 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 A-Team Zenbusiness LP 500 W Second St Ste 1900 153 Austin TX 78701 853438448 Investments TX NA N/A false false Blackhorn Select LP 1800 Wazee St Ste 300 Denver CO 80202 844370139 Investments DE 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 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 530 7th Ave Ste 1909 New York NY 10018 813873029 Investments DE NA N/A false false First Light Prism Fund LP 3300 Edinborough Way Ste 201 Edina MN 55435 371911642 Investments DE NA N/A false false R7 Partners Growth Fund I LP 100 S Wacker Dr Ste 1675 Chicago IL 60606 851019413 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 3636 Mayberry Dr Reno NV 89509 831603672 Investments NV 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 Wilshire Institutional Master Fund II SPC - Oakdale Liquid Alternatives SP 190 Elgin Ave George Town Grand Cayman CJ KY19005 981538445 Investments CJ 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 452 Fifth Ave 29th Fl New York NY 10018 842552668 Investments DE ECMC Group Inc C Corporation false Palo Alto Advanced Life Sciences Offshore Ltd c/o Walkers Cayman Corporate Center 27 Hospital Rd Georgetown Grand Cayman CJ KY19008 Investments CJ ECMC Group Inc C Corporation false false false true false true false false false false false false false true true false true true 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) $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.