2020-11-12T18:31:36-06:00 2019-12-31 390859910 Baker Tilly Virchow Krause LLP 225 S 6th St Ste 2300 Minneapolis MN 55402 990 2019-01-01 472237488 ECMC Education Inc ECMC 6512210566 111 Washington Ave So 1400 Minneapolis MN 55401 Martin A Scanlon CFO & Treasurer 2020-11-12 true Lawrence H Mohr CPA P00447603 6128764500 2019 2021-01-29 14:40:06Z Altierus Career College Altierus Career Education and WyoTech Todd Steele 111 Washington Ave So 1400 Minneapolis MN 55401 69747837 false X www.ecmceducation.org X 2014 DE From initial career planning and skills assessment, all the way through graduation and finding a job in a chosen field, ECMC Education, Inc. (formerly Zenith Education Group, Inc.) helps students succeed. ECMC Education, Inc. (formerly Zenith Education Group, Inc.), a nonprofit career education provider, is helping bridge our nation's skills gap and support the U.S. economy. ECMC Education, Inc. (formerly Zenith Education Group, Inc.) offers affordable, high-quality programs that are regularly updated to provide students with training for in-demand skills so students are prepared, well-trained and ready to work in fulfilling careers immediately upon graduation. Above all, ECMC Education, Inc. (formerly Zenith Education Group, Inc.) is driven to promote the long-term success of our graduates. 8 7 341 0 0 0 139317923 53651806 35979304 16032153 -3141561 2552 119676 55483 172275342 69741994 4699498 1430945 0 55855729 17296880 0 0 151464527 33225393 212019754 51953218 -39744412 17788776 10990662 10222127 111976288 93418977 -100985626 -83196850 To help students succeed in their pursuit of an educational experience that prepares them for the workforce. false false 25344457 0 16032153 Instruction and Student Services. ECMC Education, Inc. (formerly Zenith Education Group, Inc.), dba Altierus Career College, Altierus Career Education and WyoTech, is a nonprofit provider of career school training in the postsecondary education industry offering educational opportunities with an emphasis in allied health, technology and trades. ECMC Education, Inc. (formerly Zenith Education Group, 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. ECMC Education, Inc. (formerly Zenith Education Group, Inc.) also offers access to certification preparation and testing within degree and diploma programs that allow more students to earn industry-recognized credentials that are valuable and desired by employers. In 2019, ECMC Education, Inc. (formerly Zenith Education Group, 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. ECMC Education, Inc. (formerly Zenith Education Group, Inc.) serves a non-traditional, underserved student population: 81% of ECMC Education, Inc. (formerly Zenith Education Group, Inc.) students are eligible for Pell Grants (65% are eligible for full Pell Grants); 68% of ECMC Education, Inc.'s (formerly Zenith Education Group, Inc.) student body is female; 87% of students are non-white; 52% of students are older than 25 years old; only 57% of ECMC Education, Inc.'s (formerly Zenith Education Group, Inc.) students are first-time, first-year college students; and only 27% of students depend upon their parents' or guardians' financial resources. ECMC Education, Inc. (formerly Zenith Education Group, 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. (formerly Zenith Education Group, 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. (formerly Zenith Education Group, 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. (formerly Zenith Education Group, Inc.) students receive emphasizes employability and professional accomplishment. The academic and career success of our graduates is paramount. ECMC Education, Inc.'s (formerly Zenith Education Group, Inc.) 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 (formerly Zenith Education Group, Inc.) career services experts provide students with placement assistance, including preparation of resumes and letters of introduction, interviewing techniques and job referrals. ECMC Education, Inc. (formerly Zenith Education Group, 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. (formerly Zenith Education Group, 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. (formerly Zenith Education Group, Inc.) announced that 21 of the 24 Altierus and Wyotech schools would be taught out and would no longer accept enrollments effective immediately. ECMC Education, Inc. (formerly Zenith Education Group, Inc.) completed teachout of the 21 schools during 2018 and 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, 2019, ECMC Education, Inc. (formerly Zenith Education Group, Inc.) enrolls approximately 1,000 students and operates three schools in three states under the Altierus brand. 1430945 1430945 0 Grants and Scholarships. ECMC Education, Inc. (formerly Zenith Education Group, 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 2019, ECMC Education, Inc. (formerly Zenith Education Group, Inc.) distributed a $1,000 Altierus American Dream Scholarship to one student. The Altierus Student Grant is an institutional grant program awarded on an annual basis to students of Altierus schools owned by ECMC Education, Inc. (formerly Zenith Education Group, 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 2019, ECMC Education, Inc. (formerly Zenith Education Group, Inc.) distributed more than $850,000 in Altierus Student Grants to 484 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. (formerly Zenith Education Group, Inc.) distributed approximately $14,000 in Altierus Alumni Scholarships in 2019 to seven 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 2019, ECMC Education, Inc. (formerly Zenith Education Group, Inc.) distributed approximately $185,000 in Military Scholarships to 156 military personnel, veterans and their dependents. On November 8, 2017, ECMC Education, Inc. (formerly Zenith Education Group, Inc.) announced that 21 of the 24 Altierus and Wyotech schools would be taught out and would no longer accept enrollments effective immediately. ECMC Education, Inc. (formerly Zenith Education Group, Inc.) completed teachout of the 21 schools during 2018 and 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, 2019, ECMC Education, Inc. (formerly Zenith Education Group, Inc.) enrolls approximately 1,000 students and operates three schools in three states under the Altierus brand. 26775402 true true false false 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 false false false false false true false false false true 1904 0 341 true false false false false false false false false false false false true X 8 7 false false true false true true true true true false false true true true true true true true true false CA FL GA MI MN X Martin A Scanlon 6512210566 111 Washington Ave So Ste 1400 Minneapolis MN 55401 Jeremy J Wheaton President (until 09-15-19), Current President & CEO, ECMC Group, Inc. 0.0 40.0 X X 0 1070579 109874 Diana J Ingram Director 1.0 9.0 X 0 122774 0 Jack O'Connell Director 1.0 9.0 X 0 126524 0 James V McKeon Director 1.0 14.0 X 0 167774 0 John F DePodesta Board Chair 1.0 16.0 X 0 180274 0 Julia S Gouw Director 1.0 6.0 X 0 125274 0 K Paul Singh Director 1.0 10.0 X 0 127774 0 Maurice M Salter Director 1.0 10.0 X 0 140274 0 Daniel S Fisher General Counsel & Corporate Secretary 0.0 40.0 X 0 617831 88346 Jacob N Kassuba VP, Campus Operations 40.0 0 X 196726 0 56716 Jennifer M Erpelding VP, Academic Affairs 40.0 0 X 135672 0 42231 Jeremy W Ericson VP, Marketing 40.0 0 X 213901 0 54007 Joni Kurland VP, Accreditation, Licensing and Campus Compliance 40.0 0 X 98902 0 11520 Martin A Scanlon CFO & Treasurer 0.0 40.0 X 0 578981 80453 Thomas O'Donnell SVP, Growth and Development 40.0 0 X 323079 0 66638 Todd Steele President, ECMC Education (effective 09-16-19) 40.0 0 X 87093 0 13414 Carissa C Seger Executive Director 40.0 0 X 222362 0 28189 Edna Davoudi VP, Career Services 40.0 0 X 151019 0 2187 Mark Reynolds Executive Director 40.0 0 X 209134 0 1434 Stuart Vanorny Consultant, Academic Technology 40.0 0 X 140032 0 43986 Syed Kazmi Campus Director 40.0 0 X 155804 0 23206 Gregory A Van Guilder Former Treasurer, Current CIO, ECMC Group, Inc. 0.0 40.0 X 0 1008187 92268 I King Jordan Former Director 0.0 0.0 X 0 30274 0 John Andrews VP, Accreditation & Licensing 40.0 0 X 133914 0 1598 Joshua Susser Interim VP Marketing 0.0 0.0 X 0 107500 0 Mary Ostrye Former SVP & Provost 0.0 0 X 355011 0 2472 Peter J Taylor Former CEO & President, Current President & Director, ECMC Foundation 0.0 40.0 X 0 738224 126935 Roberta Cooper Ramo Former Director 0.0 0.0 X 0 75274 0 2422649 5217518 845474 18 true true false Validated Insights Inc 961 Cumberland Ln Buffalo Grove IL 60089 Marketing Professional Services 2930489 Ed Taylor Construction Inc 2713 N Falkenburg Rd Tampa FL 33619 Facility Services 1348467 Ambassador Education Solutions 445 Broad Hollow Rd Ste 206 Melville NY 11747 Textbooks 977791 Vision Development & Construction Services 120 Interstate N Pkwy SE Ste 130 Atlanta GA 30339 Facility Services 840931 Encotech Services Inc 8810 Commodity Cir Ste 18 Orlando FL 32819 Facility Services 806187 26 53320679 331127 53651806 Instruction 611310 16032153 16032153 0 0 0 0 16032153 0 0 8395 5843 0 2552 2552 2552 Miscellaneous 900099 52123 52123 Intercompany Servicing Revenue 900099 3360 3360 0 0 0 0 55483 69741994 16032153 0 58035 1430945 1430945 1299898 431344 868554 13057412 9265668 3791744 507905 312775 195130 1329095 1046810 282285 1102570 836366 266204 89998 89998 227073 227073 2293634 1716096 577538 0 3394098 3389213 4885 2398157 679883 1718274 128258 2306 125952 3771420 3629982 141438 517130 327644 189486 61832 44470 17362 193980 193980 94460 61987 32473 566974 554298 12676 Impairment 16645188 16645188 Bookstore 1608983 1608983 Classroom Supplies 466290 466290 Unrelated Business Income Tax -21611 -21611 789529 776362 13167 0 51953218 26775402 25177816 0 5230708 5984792 488078 374395 0 0 0 0 81673 44024 3062761 2288926 17134274 16695141 654407 439133 0 0 1473035 1090857 10990662 10222127 96576102 81529034 1514396 2510962 0 0 13885790 9378981 111976288 93418977 X -100985626 -86744129 3547279 -100985626 -83196850 10990662 10222127 17788776 0 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3547279 3547279 0 0 0 0 0 0 0 0 1.0 0.0 0.0 false false 2785319 2785319 0 14348955 13909822 439133 439133 Other Receivables Deposits 47137 Due From Foundation 7055 Due From Educational Credit Management Corporation 4313 Grants Receivable from ECMC Foundation 1032352 1090857 Lease Incentive Obligation 142753 Earn out Agreement Liability with ED 7825000 Due to ECMC Foundation 1215 Deferred Grant Revenue 581238 Due to ECMC Group, Inc. 157211 Due to Educational Credit Management Corporation Due to ECMC Shared Services Company, LLC 605325 Due to ECMC Holdings Corporation Student Accounts Liability 66239 9378981 X 24807000 -1497 -1497 24808497 44933497 44933497 69741994 50519000 -721 -721 50519721 1433497 1433497 51953218 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. (formerly Zenith Education Group, Inc. (Zenith)) financial statements reads as follows: "Zenith is exempt from tax on related income under Section 501(c)(3) and qualifies as a public charity under Section 509(a)(2). Zenith 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 Zenith for uncertain tax positions as of December 31, 2019 or 2018. Zenith'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 - -1497 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Cash Contribution from ECMC Group, Inc. - 43500000 ECMC Education, Inc. (formerly Zenith Education Group, Inc.) Scholarships and Financial Assistance - 1000802 ECMC Education, Inc. (formerly Zenith Education Group, Inc.) SEOG Grant FA Match - 430143 Gain on Disposal of Fixed Assets - 2552 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 - -721 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements ECMC Education, Inc. (formerly Zenith Education Group, Inc.) Scholarships and Financial Assistance - 1000802 ECMC Education, Inc. (formerly Zenith Education Group, Inc.) SEOG Grant FA Match - 430143 Gain on Disposal of Fixed Assets - 2552 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 (formerly Zenith Education Group, Inc.) 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. (formerly Zenith Education Group, 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. (formerly Zenith Education Group, Inc.) participates in U.S. Department of Education Supplemental Educational Opportunity Grant and Pell grant programs. true Student Scholarships and Financial Assistance 649 1430945 Schedule I, Part III Student Scholarships and Financial Assistance ECMC Education, Inc. (formerly Zenith Education Group, Inc.) provides scholarship and financial assistance to students for tuition, books and fees. In 2019, Scholarship and grant programs include Zenith American Dream Scholarships, 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. (formerly Zenith Education Group, Inc.) scholarships and grants are monitored internally. Other awards are monitored by the respective granting agencies. X true true X X X X true true false false true false true false false Jeremy J Wheaton President (until 09-15-19), Current President & CEO, ECMC Group, Inc. 0 542487 0 506688 0 21404 0 78501 0 31373 0 1180453 0 19000 Roberta Cooper Ramo Former Director 0 75274 0 0 0 0 0 0 0 0 0 75274 0 0 I King Jordan Former Director 0 30274 0 0 0 0 0 0 0 0 0 30274 0 0 John F DePodesta Board Chair 0 180274 0 0 0 0 0 0 0 0 0 180274 0 0 James V McKeon Director 0 167774 0 0 0 0 0 0 0 0 0 167774 0 0 John Andrews VP, Accreditation & Licensing 6646 0 0 0 127268 0 1270 0 328 0 135512 0 0 0 Mary Ostrye Former SVP & Provost 5885 0 0 0 349126 0 2472 0 0 0 357483 0 11173 0 Peter J Taylor Former CEO & President, Current President & Director, ECMC Foundation 0 373218 0 80000 0 285006 0 118011 0 8924 0 865159 0 254247 Gregory A Van Guilder Former Treasurer, Current CIO, ECMC Group, Inc. 0 635036 0 350000 0 23151 0 76050 0 16218 0 1100455 0 19000 Jeremy W Ericson VP, Marketing 177663 0 35696 0 542 0 26395 0 27612 0 267908 0 0 0 Jennifer M Erpelding VP, Academic Affairs 119798 0 15000 0 874 0 15511 0 26720 0 177903 0 0 0 Daniel S Fisher General Counsel & Corporate Secretary 0 331229 0 265000 0 21602 0 53377 0 34969 0 706177 0 16850 Jacob N Kassuba VP, Campus Operations 162964 0 32539 0 1223 0 24707 0 32009 0 253442 0 0 0 Thomas O'Donnell SVP, Growth and Development 222101 0 100000 0 978 0 33600 0 33038 0 389717 0 0 0 Martin A Scanlon CFO & Treasurer 0 357958 0 200000 0 21023 0 49600 0 30853 0 659434 0 9076 Joshua Susser Interim VP Marketing 0 0 0 0 0 107500 0 0 0 0 0 107500 0 0 Edna Davoudi VP, Career Services 4001 0 48300 0 98718 0 1190 0 997 0 153206 0 0 0 Syed Kazmi Campus Director 115123 0 0 0 40681 0 6203 0 17003 0 179010 0 0 0 Mark Reynolds Executive Director 10102 0 0 0 199032 0 1421 0 13 0 210568 0 0 0 Carissa C Seger Executive Director 87242 0 36100 0 99020 0 8648 0 19541 0 250551 0 0 0 Stuart Vanorny Consultant, Academic Technology 138926 0 0 0 1106 0 17400 0 26586 0 184018 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 4a Severance or change-of-control payment The following received a severance payment in 2019: Mary Ostrye - $306,053 John Andrews - $112,657 Joshua Susser - $107,500 Carissa C. Seger - $82,281 Mark Reynolds - $80,676 Edna Davoudi - $79,156 Syed Kazmi - $35,223 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 2019, Jeremy J. Wheaton, Gregory A. Van Guilder and Daniel S. Fisher participated in the 457(f) plan, and received employer contributions of $27,101, $22,950 and $277, respectively, and Peter J. Taylor participated in the SERP plan, and received an employer contribution of $72,411. Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organization ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated primary financial goals, which includes revenues, before any payment to any officer is made. Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated key performance metrics, which includes net earnings, before any payment to any officer is made. Form 990, Part VI, Line 13 Whistleblower Policy The ECMC Education, Inc. (formerly Zenith Education 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 provides for reporting mechanisms 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 Education, Inc. (formerly Zenith Education Group, Inc.) directors, officers, employees and vendors. Form 990, Part VI, Line 4 Significant changes to organizational documents Effective January 1, 2020, the legal operating name of Zenith Education Group, Inc. was changed to ECMC Education, Inc. The name change signifies an enhanced collaboration across the ECMC Group family of companies as well as future growth opportunities to support its mission of helping students succeed. Form 990, Part VI, Line 6 Classes of members or stockholders ECMC Education, Inc. (formerly Zenith Education Group, 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. (formerly Zenith Education Group, 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. (formerly Zenith Education Group, Inc.), retains the following authority over ECMC Education, Inc. (formerly Zenith Education Group, 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 or real conflicts involving Directors or officers, the disclosure is made to the Board Chair. The Director or officer 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 Educational Credit Management Corporation (ECMC), ECMC Education, Inc. (formerly Zenith Education Group, Inc.) and ECMC Group, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2019, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, through Arnold & Porter LLP to identify appropriate CEO and senior executive compensation packages. Arnold & Porter LLP provided an opinion on the reasonableness of this compensation. The market analysis performed by Grant Thornton for Arnold & Porter 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 Educational Credit Management Corporation (ECMC), ECMC Education, Inc. (formerly Zenith Education Group, Inc.) and ECMC Group, Inc. executive compensation methodology. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2019, the Committee retained executive compensation experts from Grant Thornton, a global compensation consulting organization, through Arnold & Porter LLP to identify appropriate CEO and senior executive compensation packages. Arnold & Porter LLP provided an opinion on the reasonableness of this compensation. The market analysis performed by Grant Thornton for Arnold & Porter 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 Roberta Cooper Ramo and I. King Jordan, former Directors, had consulting agreements in 2019. 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 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 Co 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411992001 Private Loans DE NA C Corporation false ECMC Records & Rec Mgmt Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989959 Document Management DE NA C Corporation false ECMC Management Services Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989960 Management Services DE NA C Corporation false ECMC Technology Services Corporation 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411989958 Technology Services DE NA C Corporation false ECMC Servicing Corporation 10370 Peter A McCuen Blvd Mather CA 95655 471154366 Loan Servicing DE NA C Corporation false false false true false true false false false false false false false true true false true false false false Schedule R, Part I Disregarded Entities of Related Organizations 1(a)-Name. Oakdale Student Loan Funding, LLC (27-1914648), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 1(b)-Primary activity. Holding FFELP Loans. 1(c)-Legal domicile. DE. 1(f)-Direct controlling entity. ECMC Group, Inc. 2(a)-Name. ECMC Shared Services Company, LLC (81-0690960), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 2(b)-Primary activity. Support Services Functions. 2(c)-Legal domicile. DE. 2(f)-Direct controlling entity. ECMC Group, Inc. 3(a)-Name. Patriot Student Loan Capital, LLC (81-3501777) 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 3(b)-Primary Activity. Trust Student Loans. 3(c)-Legal Domicile. DE. 3(f)-Direct Controlling Entity. ECMC Group, Inc. Schedule R, Part V, Line 1c Gift, grant, or capital contribution from related organization(s) $9,820,679 grants made by ECMC Foundation to ECMC Education, Inc. (formerly Zenith Education Group, Inc.) to fund programs with a focus on career readiness in support of ECMC Foundation's mission to inspire and to facilitate improvements that affect educational outcomes, especially among underserved populations, through evidence-based innovation. Schedule R, Part V, Line 1m Performance of services by related organization(s) $188,980 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) $43,500,000 contribution made by ECMC Group, Inc. to ECMC Education, Inc. (formerly Zenith Education Group, Inc.) to support its mission to help students succeed in their pursuit of an educational experience that prepares them for the workforce. Schedule R, Part V, Line 1e Loans or loan guarantees by related organization(s) $1,500,000 contingent liability. ECMC Education, Inc. (formerly Zenith Education Group, Inc.) and ECMC Group, Inc., as co-applicants, established a letter of credit. The letter of credit expired in March 2018. In March 2019, the letter of credit was amended for $150,000 and expires in March 2020. Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses $1,614,413 Paid to ECMC Shared Services Company, LLC, a wholly owned subsidiary of ECMC Group, Inc., a related organization, for expenses. Schedule R, Part V, Line 1p Reimbursement Paid to Related Organization(s) for Expenses $498,359 Paid to Educational Credit Management Corporation for Expenses. Schedule R, Part V, Line 1n Sharing of Facilities, Equipment, or Other Assets with Related Org(s) $91,342 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 $514,656 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. (formerly Zenith Education Group, 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 $30 million through March 31, 2021 to help sustain the operations of ECMC Education, Inc. (formerly Zenith Education Group, Inc.).