2018-11-13T19:00:40-06:00 2017-12-31 390859910 Baker Tilly Virchow Krause LLP 225 South 6th Street Suite 2300 Minneapolis MN 55402 990 2017-01-01 411990628 ECMC Foundation ECMC 6512210566 111 Washington Ave So 1400 Minneapolis MN 55401 Martin A Scanlon CFO & Treasurer 2018-11-13 true Lawrence H Mohr CPA P00447603 6128764500 2017 2019-02-21 02:37:17Z Peter J Taylor 111 Washington Ave So 1400 Minneapolis MN 55401 30386184 false X www.ecmcfoundation.org X 2000 DE ECMC Foundation is a grantmaking foundation focused on improving the educational outcomes of underserved youth through evidence-based innovation. 10 8 13 0 0 0 274374500 0 0 1306067 29504341 1114092 881843 276794659 30386184 27973197 23674677 0 1554958 1966821 0 0 1648771 1737136 31176926 27378634 245617733 3007550 652335423 753325273 13509015 15062500 638826408 738262773 X To inspire and to facilitate improvements that affect educational outcomes, especially among underserved populations, through evidence-based innovation. false true 9840827 9836838 881843 Career Readiness. Established to invest in opportunities in the career and technical education and training arena, focusing on those students who are not planning to attend traditional four-year or two-year colleges. The program is designed to help students who desire the training and skill development that leads to better job prospects by obtaining Postsecondary certificates with economic and education value. While ECMC Foundation is primarily focusing on the schools that make up Zenith Education Group, it is also committed to funding projects that improve the sector overall. 5896557 5896557 0 College Success. Designed to increase the number of students from traditionally underserved backgrounds, including low-income and first-generation, who are prepared for, admitted to, and graduate from an institution of higher education. The program funds the development of techniques and tools that are adopted and used by professionals in the field to improve the college-going rate of underserved students. ECMC Foundation also supports initiatives to improve six-year college graduation rates at four-year colleges and universities, and three-year transfer/completion rates at community colleges and schools for students from these underserved populations. 5625000 5625000 0 Teacher and Leader Development. Created to invest in teacher and leader development focused on complex intellectual student work, often referred to as deeper learning. The program also focuses on initiatives that build the diversity pipelines into the teaching and school leader professions. Through these investments, ECMC Foundation intends to improve teaching and student academic outcomes as measured by the next generation of standards and assessments. In December 2017, ECMC Foundation made the decision to close out the Teacher and Leader Development program. Starting in 2018, ECMC Foundation will direct funding into the College Success and the Career Readiness programs. 1751586 866282 0 Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt. 1450000 1450000 0 GO! Program. ECMC Foundation awards grants to the Generating Outcomes (GO!) Program, a corporate initiative to fund education innovation by funding ideas and partnerships that can be examined for effectiveness in the local communities of the ECMC Group, Inc. employees. To qualify for payment of a GO! Program grant, the awarded recipient must be a third-party nonprofit entity and expend the grant award for the purpose designated in the recipient's grant proposal. Recipients are eligible to receive awards ranging from $10,000 to $100,000. In 2017, ECMC Foundation awarded 72 grants under the GO! Program. 3201586 2316282 24563970 true false false false false false false false false false true true false false true true true true false false false false false false false false false true false true false false false false false false false true false false false false false true false false false true 6 0 13 true false false false false false false true false false false X 10 8 false false false false true true true true true false false true true true true true true true true false CA X X Martin A Scanlon 6512210566 111 Washington Ave So Ste 1400 Minneapolis MN 55401 Peter J Taylor President & CEO ECMC Foundation 40.0 0.0 X X 564927 0 96886 John F DePodesta Board Chair not paid by Foundation 1.0 19.0 X 0 183000 0 ROBERTA COOPER RAMO DIRECTOR NOT PAID BY FOUNDATION 1.0 13.0 X 0 138000 0 Julia Gouw Director not paid by Foundation 1.0 6.0 X 0 123000 0 I King Jordan DIRECTOR NOT PAID BY FOUNDATION 1.0 6.0 X 0 110000 0 James V McKeon DIRECTOR NOT PAID BY FOUNDATION 1.0 13.0 X 0 160000 0 Jack O'Connell DIRECTOR NOT PAID BY FOUNDATION 1.0 8.0 X 0 117500 0 Maurice M Salter DIRECTOR NOT PAID BY FOUNDATION 1.0 9.0 X 0 140000 0 K Paul Singh Director not paid by Foundation 1.0 7.0 X 0 101250 0 Jeremy J Wheaton President & CEO ECMC Group, Inc. Not Paid by Foundation 0.0 40.0 X 0 363102 36780 Daniel S Fisher General Counsel/Corp Secretary Not Paid by Foundation 0.0 40.0 X 0 387888 68090 Gregory A Van Guilder CFO (Until 11-08-17) not paid by Foundation 0.0 40.0 X 0 606861 81152 Martin A Scanlon SVP Finance & CFO (effective 11-09-17) Not Paid By Foundation 0.0 40.0 X 0 400852 68161 Alissa Binner Office Manager & Executive Assistant 40.0 0 X 108310 0 21877 Kyle A Miller Sr Program Director-Teacher Dev & Eval 40.0 0 X 242488 0 17690 Jennifer E Zeisler Program Director-Career Readiness 40.0 0 X 128603 0 22406 Sarah Belnick Dir Program Management 40.0 0 X 109255 0 22251 March H Kessler Former Executive Director 0.0 40.0 X 0 258565 14908 Richard J Boyle Former DIRECTOR/CEO/PRESIDENT NOT PAID BY FOUNDATION 0.0 0.0 X 0 15946 0 Robert A Stein Former Director not paid by Foundation 0.0 0.0 X 0 60000 0 1153583 3165964 450201 5 true true false American Institutes for Research 1000 Thomas Jefferson St NW Washington DC 20007 Professional Services 163259 1 0 0 0 0 0 0 0 0 29504341 0 29504341 0 29504341 29504341 Grants awarded and accrued in 2016; cancelled in 2017 813211 486800 486800 Proceeds from 2015 and 2016 refundable cancelled/overfunded grants 813211 395043 395043 0 0 0 0 881843 30386184 881843 0 29504341 23674677 23674677 661813 661813 980390 490381 490009 117583 58814 58769 135971 68011 67960 71064 35546 35518 50 50 31427 31427 520275 520275 427625 0 427625 0 78320 15368 62952 1206 1206 189278 154864 34414 365406 365406 29705 1898 27807 73849 60422 13427 10021 10021 Miscellaneous Expense 9974 3989 5985 0 0 0 0 27378634 24563970 2814664 0 14617115 15254583 902 734 0 0 0 0 14103 6347 273689 117412 208406 156277 637358216 733787031 0 136681 4120301 652335423 753325273 219981 330744 13180027 14366780 0 0 109007 364976 13509015 15062500 X 638826408 738262773 638826408 738262773 652335423 753325273 3007550 96428815 0 X false true X true X X 2 Educational Credit Management Corporation 411778617 9 true 22680175 0 Zenith Education Group Inc 472237488 2 true 4698459 0 2 27378634 0 true false false false false false false false false false false false false false false true 273689 117412 156277 156277 Investment in ECMC Group Investment Pool 733787031 F 733787031 Due To ECMC Group, Inc. 364347 Due To Educational Credit Management Corporation 629 364976 X 125933000 96428815 -156 96428659 29504341 881843 881843 30386184 26497000 209 209 26496791 881843 881843 27378634 Schedule D, Part XI, Line 2(a) Net unrealized gain on investments Net unrealized gain on investment in the ECMC Group, Inc. investment pool are $96,428,815. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The FIN 48 (ASC 470) disclosure in the ECMC Foundation financial statements reads as follows: "The Internal Revenue Service has determined that ECMC Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. ECMC Foundation is also exempt from state income tax. However, any unrelated business income may be subject to taxation. ECMC Foundation follows the accounting standards 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 Foundation for uncertain tax positions as of December 31, 2017 or 2016. ECMC Foundation'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 - -156 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Grants awarded in 2016 to Zenith Education Group, Inc. for its Campaign for Innovation and to an unaffiliated entity in support of career and technical education and training. The grants were not funded and subsequently cancelled in 2017. The awards were correctly recorded in 2016 as grant liabilities on ECMC Foundation's books. - 486800 Refundable grant proceeds from cancelled and overfunded 2015 and 2016 grants to Zenith Education Group, Inc. for its 2015 and 2016 Campaigns for Innovation. - 395043 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 - 209 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Grants awarded in 2016 to Zenith Education Group, Inc. for its Campaign for Innovation and to an unaffiliated entity in support of career and technical education and training. The grants were not funded and subsequently cancelled in 2017. The awards were correctly recorded in 2016 as grant liabilities on ECMC Foundation's books. - 486800 Refundable grant proceeds from cancelled and overfunded 2015 and 2016 grants to Zenith Education Group, Inc. for its 2015 and 2016 Campaigns for Innovation. - 395043 true Zenith Education Group Inc 111 Washington Ave So Minneapolis MN 55401 472237488 501(c)(3) 4698459 Mission & CFI About Kidz 11140 Fair Oaks Blvd Fair Oaks CA 95628 800683387 501(c)(3) 25000 Education Support Achieving the Dream 8403 Colesville Rd Silver Spring MD 20910 271635830 501(c)(3) 10000 Sponsorship Albany County School District Backpack Program 3628 Fort Buford Lane Laramie WY 82070 836000355 School District 25000 Program Support Alpha House of Tampa Inc 201 S Tampania Ave Tampa FL 33609 592655523 501(c)(3) 25000 Career Readiness Asian and Pacific Islander American Scholarship Fund (APIASF) 2025 M St NW Washington DC 20036 571192973 501(c)(3) 300000 College Success Austin Area Urban League Inc 8011-A Cameron Rd Austin TX 78754 741890518 501(c)(3) 25000 Program Support Avenues for Homeless Youth 1708 Oak Park Ave N Minneapolis MN 55411 411765140 501(c)(3) 25000 Education Support Babies Need Boxes 2233 49th Ave N Minneapolis MN 55430 473926384 501(c)(3) 25000 Program Support Baker University PO Box 65 Baldwin City KS 66006 480543766 501(c)(3) 15000 General Support Batavia Players Inc 56 Harvester Ave Batavia NY 14020 166031626 501(c)(3) 25000 Program Support Big Picture Learning 325 Public St Providence RI 02905 050485883 501(c)(3) 1085391 Teacher and Leader Development Bipartisan Policy Center 1225 I St NW Washington DC 20005 731628382 501(c)(3) 25000 General Support Blairsville Support Group Against Drugs PO Box 293 456 S Liberty St Blairsville PA 15717 465068559 501(c)(3) 10000 Program Support Boys & Girls Clubs of Greater Dallas 4816 Worth St Dallas TX 75246 751152657 501(c)(3) 25000 College Success & Career Readiness Boys & Girls Clubs of VoluisiaFlagler Counties 101 North Woodland Blvd Deland FL 32720 593158162 501(c)(3) 15000 Program Support Boys II Men Inc 4850 Guion Rd Indianapolis IN 46254 352133391 501(c)(3) 25000 Education Support Buck Institute for Education 3 Hamilton Landing Novato CA 94949 680160429 501(c)(3) 724159 Teacher and Leader Development Burwen Education Foundation 431 Calderon Ave Mountain View CA 94041 770560492 501(c)(3) 10000 General Support California Community Foundation 221 S Figueroa St Los Angeles CA 90012 953510055 501(c)(3) 325000 College Success California Education Round Table 1430 N St Sacramento CA 95814 680251110 501(c)(3) 15000 Program Support Caring for Kids 237 Eldorado Ave Fircrest WA 98466 273768791 501(c)(3) 10000 Program Support Carver High School Health Sciences Program - CTAE 55 McDonough Blvd SE Alanta GA 30318 586000134 School District 10000 Education Support Centreville Layton School 6201 Kennett Pike Centreville DE 19807 510232858 501(c)(3) 15000 General Support Cesar Chavez Committee of Tarrant County 2203 W Greenspoint Ct Arlington TX 76001 472577166 501(c)(3) 25000 Program Support City Year 287 Columbus Ave Boston MA 02116 222882549 501(c)(3) 25000 General Support Civic Nation 1120 G St NW Washington DC 20009 473576918 501(c)(3) 300000 College Success Cocoon House 2929 Pine St Everett WA 98201 472577166 501(c)(3) 25000 Program Support College Mentors for Kids Inc 212 West 10th St Indianapolis IN 46202 352002052 501(c)(3) 25000 Program Support CollegeSpring 800 S Figueroa St Los Angeles CA 90017 270920698 501(c)(3) 75000 College Success Colorado Youth for a Change 2490 W 26th Ave Denver CO 80211 202501002 501(c)(3) 15000 Program Support Communities In Schools of Tacoma 2141 S J St Tacoma WA 98405 912138848 501(c)(3) 10000 Program Support Community Life Line Christian Church 3929 Millersville Rd Indianapolis IN 46205 351489090 501(c)(3) 25000 Program Support Community Partners 1000 North Alameda St Los Angeles CA 90012 954302067 501(c)(3) 55000 Research Coro Southern California 1000 N Alameda St Los Angeles CA 90012 954274561 501(c)(3) 10000 Sponsorship Credit Abuse Resistance Education (CARE) 66 Canal Center Plaza Alexandria VA 22314 810788458 501(c)(3) 10000 Program Support Da Vinci Schools 201 N Douglas St El Segundo CA 90245 263405843 501(c)(3) 356457 Teacher and Leader Development David Starr Jordan High School 6500 Atlantic Ave Long Beach CA 90805 956001886 School 25000 Program Support Dayspring Center Family Emergency Shelter PO Box 44105 1537 Central Ave Indianapolis IN 46244 351618998 501(c)(3) 25000 Program Support Detroit Recovery Project Inc 1121 E McNichols Detroit MI 48203 432078767 501(c)(3) 25000 Program Support DMP Ministries Inc 40 Cypress Creek Parkway Houston TX 77090 900138181 501(c)(3) 20000 Program Support Duval MycroSchool 1584 Normandy Village Parkway Jacksonville FL 32221 273625492 501(c)(3) 10000 Program Support Each One Teach One 815 El Monte Boulevard San Antonio TX 78201 383813982 501(c)(3) 25000 Program Support Ed Source 436 14th St Oakland CA 94612 942434900 501(c)(3) 50000 Program Support Educational Opportunity Center 2801 Turnpike Rd Portsmouth VA 23707 546001517 School 25000 Program Support EdVisions Schools Inc 1667 Snelling Ave N St Paul MN 55108 411983677 501(c)(3) 730000 Teacher and Leader Development Embracing Legacy Inc 5201 N Armenia Ave Tampa FL 33603 453354344 501(c)(3) 25000 Program Support Emerging Practitioners in Philanthropy (EPIP) 601 West 26th St New York NY 10001 943213100 501(c)(3) 10000 Education Support Escoffier School of Culinary Arts 2800 West Higgins Rd Hoffman Estates IL 60169 811104965 501(c)(3) 30000 Research Excelencia in Education 1156 15th St NW Washington DC 20005 200927912 501(c)(3) 144145 College Success Fairytale Town 3901 Land Park Dr Sacramento CA 95822 941669088 501(c)(3) 25000 Program Support Fathers and Families Research Resource Center dba Fathers and Families Cent er 2835 North Illinois St Indianapolis IN 46208 352069047 501(c)(3) 25000 Program Support FL Lions Conklin Center for the Blind 405 White St Daytona Beach FL 32114 237377066 501(c)(3) 25000 Program Support Foundation for California Community Colleges 1102 Q St Sacramento CA 95811 680412350 501(c)(3) 249912 College Success Foundation for Fairfax County Public Schools 8115 Gatehouse Rd Falls Church VA 22042 364674229 501(c)(3) 30000 General Support Friends of Joshua House Foundation Inc PO Box 26333 Tampa FL 33623 200597719 501(c)(3) 25000 Program Support Futures Inc dba FUTURES Foundation for Volusia County Schools 3750 Olson Dr Daytona Beach FL 32124 592560862 501(c)(3) 10000 Education Support Genesys Works 14400 Memorial Dr Houston TX 77079 030440761 501(c)(3) 405000 College Success & Program Support Girls Empowered Mentally for Success PO Box 292814 Tampa FL 33687 202375049 501(c)(3) 25000 Program Support Girls Inc of the Pacific Northwest 4800 SW Macadam Portland OR 97239 542073930 501(c)(3) 25000 College Success & Career Readiness Golden Generations Inc 2900 Pallanza Dr South St Petersburg FL 33705 232624207 501(c)(3) 25000 Program Support Graduate NYC 16 Court St Brooklyn NY 11241 131988190 501(c)(3) 275000 College Success Graham Expeditionary Middle School 140 E 16th Ave Columbus OH 43201 264350069 School 25000 Education Support Grantmakers for Education 851 SW 6th Ave Portland OR 97239 330919329 501(c)(3) 10000 General Support Greater Houston Community Foundation 5120 Woodway Dr Houston TX 77056 237160400 501(c)(3) 10000 Program Support Greenbrier High School Cunniff Dr Greenbrier TN 37073 626000810 School 25000 Education Support Guilford College 5800 West Friendly Ave Greensboro NC 27410 560529982 501(c)(3) 15000 General Support Healing Women of Atlanta Inc 1755 The Exchange SE Atlanta GA 30339 462626164 501(c)(3) 25000 Organizational Capacity Building Hempfield Area School District Hempfield Area School District 4347 Route 136 Greensburg PA 15601 256003843 School District 10000 Education Support High School Inc Academies Foundation 365 Clinton St Costa Mesa CA 92626 453003419 501(c)(3) 25000 Program Support Hmong Museum 1126 Cumberland St St Paul MN 55117 471620897 501(c)(3) 25000 Organizational Capacity Building Hope Children's Home 11415 Hope International Dr Tampa FL 33625 620879012 501(c)(3) 20000 Program Support Houston Food Bank 535 Portwall Houston TX 77029 742181456 501(c)(3) 10000 Program Support I Have A Dream Foundation LA 3580 Wilshire Blvd Los Angeles CA 90010 954089758 501(c)(3) 30000 Program Support Ilisagvik College 100 Stevenson St Barrow AK 99723 920158414 501(c)(3) 120000 Career Readiness Impact Teen Drivers 2210 21st St Sacramento CA 95818 260595165 501(c)(3) 10000 General Support Indiana University - Lilly Family School of Philanthropy University Hall 301 N University Blvd Indianapolis IN 462025146 356001673 State School 10000 General Support Indiana Youth Group PO Box 20716 Indianapolis IN 462200716 351760451 501(c)(3) 25000 Program Support Indianapolis Public SchoolsMarion County Jail School 120 East Walnut St 40 South Alabama St Indianapolis IN 46204 356002486 School District 25000 Program Support Innovate Educate 422 Old Santa Fe Trail Santa Fe NM 87501 263205739 501(c)(3) 615000 Career Readiness Institute for Higher Education Policy 1825 K St NW Washington DC 20006 521818907 501(c)(3) 715000 Career Readiness Jeremiah Program 615 1st Ave NE Minneapolis MN 55413 411801834 501(c)(3) 525000 Career Readiness & Program Support Jobs for America's Graduates 1729 King St Alexandria VA 22314 521194546 501(c)(3) 10000 Sponsorship Jobs for the Future 88 Broad St Boston MA 02110 061164568 501(c)(3) 500000 College Success Just Us Girls Inc 1693 Washington Rd East Point GA 30344 260444388 501(c)(3) 10000 General Support LeadersUp 830 Traction Ave Los Angeles CA 90013 462606773 501(c)(3) 75000 Career Readiness Learning Alliance New Mexico 722 Isleta Blvd SW Albuquerque NM 87105 311815692 501(c)(3) 150000 Teacher and Leader Development Lien Doan Huong Viet 3521 Almond St Irvine CA 92606 262696258 501(c)(3) 25000 Program Support Lucy Laney School 1250 West Broadway Minneapolis MN 55411 410851980 School 25000 Program Support Mathematics Engineering Science Achievement 300 Lakeside Dr Oakland CA 94612 943067788 501(c)(3) 10000 Sponsorship Metropolitan Ministries 2002 N Florida Ave Tampa FL 33602 591477007 501(c)(3) 25000 Program Support Minds Matter of the Twin Cities Inc 4912 Washburn Ave S Minneapolis MN 55410 455415388 501(c)(3) 25000 Program Support MN Adult & Teen Challenge 740 E 24th St Minneapolis MN 55404 411517351 501(c)(3) 25000 Program Support National Academies of Science Engineering and Medicine (NAS) 500 Fifth St NW Washington DC 20001 530196932 501(c)(3) 250000 College Success New Mexico Wildlife Center Inc 19 Wheat St Espanola NM 87532 850346210 501(c)(3) 50000 General Support New Tech Network 1250 Main St Napa CA 94559 270845123 501(c)(3) 2578993 Teacher and Leader Development Notre Dame High School One Norte Dame Way West Haven CT 06516 060646748 School 25000 Program Support One Million Degrees 226 W Jackson Chicago IL 60606 421710230 501(c)(3) 542000 College Success & Career Readiness Opportunity Network 85 Broad St New York NY 10004 431984494 501(c)(3) 400000 College Success PACE Center for Girls Clay 1241 Blanding Blvd Orange Park FL 32065 592414492 501(c)(3) 15000 Program Support Pat Brown Institute for Public Affairs 5151 State University Dr Los Angeles CA 90032 954016653 501(c)(3) 15000 Sponsorship People Serving People 614 Third St South Minneapolis MN 55415 411965067 501(c)(3) 25000 Program Support PG HS NASA First Robotics Team 9531 Bradshaw Rd Elk Grove CA 95624 208381135 School 25000 Education Support Pikes Peak Library District Foundation 1175 Chapel Hills Dr Colorado Springs CO 80920 113690724 501(c)(3) 10000 Education Support PolicyWorks Inc 4220 Natural Bridge Rd Tallahassee FL 32305 800637699 501(c)(3) 10000 Career Readiness Project 150 3600 N Rancho Dr Las Vegas NV 89130 456645161 501(c)(3) 20000 Education Support Public Policy Institute of California 500 Washington St San Francisco CA 94111 943207299 501(c)(3) 636456 Career Readiness & Sponsorship Ready to Work Business Collaborative 6 W 48th St New York NY 10036 133615533 501(c)(3) 80000 Career Readiness Sacramento Children's Museum 2701 Prospect Park Dr Rancho Cordova CA 95670 202673935 501(c)(3) 25000 Program Support San Bernardino Unified School District Making Hope Happen Foundation 777 North F St San Bernardino CA 92410 330122847 School District 10000 Program Support Santa Ana Unified School District 1601 East Chestnut Ave Santa Ana CA 92701 956002823 School District 10000 Education Support Schools on Wheels (CA) PO Box 23371 Ventura CA 93002 954422640 501(c)(3) 25000 General Support Sierra Forever Families 8928 Volunteer Lane Sacramento CA 95826 680002878 501(c)(3) 25000 Program Support Single Mom Strong Inc 4786 Bucknell Ct Sacramento CA 95841 810917372 501(c)(3) 25000 Program Support Skills for Chicagoland's Future 191 N Wacker Dr Chicago IL 60606 451287418 501(c)(3) 50000 Career Readiness Smart Beginnings Greater Prince William (SBGPW) PO Box 389 Manassas VA 20108 541498824 501(c)(3) 25000 Program Support So Others Might Eat (SOME) Inc 71 O St NW Washington DC 20001 237098123 501(c)(3) 100000 Career Readiness Southern California Grantmakers 1000 North Alameda St Los Angeles CA 90012 952831058 501(c)(3) 25000 Education Support St Joan Antida High School 1341 North Cass St Milwaukee WI 53202 391570748 School 10000 Education Support The Campaign for College Opportunity 1149 S Hill St Los Angeles CA 90015 200427622 501(c)(3) 10000 Program Support The Center for Occupational Research and Development (CORD) 4901 Bosque Blvd Waco TX 76710 742077794 501(c)(3) 959993 Career Readiness The College and Community Fellowship 475 Riverside Dr New York NY 10115 311720017 501(c)(3) 150000 Career Readiness The Lift Community Development Corporation 925 Payne Ave St Paul MN 55130 204130979 501(c)(3) 25000 Career Readiness The University Innovation Alliance For A New American University 300 E University Dr Tempe AZ 85281 866051042 501(c)(3) 600000 College Success The Vera Institute of Justice 233 Broadway New York NY 10279 131941627 501(c)(3) 750000 Career Readiness uAspire 39 Milk St Boston MA 02109 461314848 501(c)(3) 450000 College Success UCLA Foundation 10920 Wilshire Blvd Los Angeles CA 90024 952250801 501(c)(3) 30000 Program Support United States Veterans Initiative (US Vets) 800 West 6th St Los Angeles CA 90017 954382752 501(c)(3) 10000 Program Support University of Alaska 3211 Providence Dr Anchorage AK 99508 237394620 State School 600000 College Success University of Southern California Pullias Center for Higher Education 3720 S Flower St Los Angeles CA 90089 951642394 501(c)(3) 300000 College Success USC Rossier School of Education 3470 Trousdale Pkwy Waite Phillips Hall Los Angeles CA 900890031 951642394 501(c)(3) 75000 Program Support WestEd (Formerly Carnegie Foundation) 4665 Lampson Ave Los Alamitos CA 90720 131623924 501(c)(3) 500000 College Success WEUAS 710 S Myrtle Ave Monrovia CA 91016 471011157 501(c)(3) 10000 Education Support Wheeler Avenue Christian Academy 3810 Ruth St Houston TX 77004 300399943 501(c)(3) 25000 Program Support Wilder Child Development CenterAmherst H Wilder Foundation 451 N Lexington Parkway N St Paul MN 55104 410693889 501(c)(3) 25000 General Support Women's Resource Agency 750 Citadel Dr E Colorado Springs CO 80909 840747154 501(c)(3) 15000 Career Readiness World Education Inc 44 Farnsworth St Boston MA 02210 131804349 501(c)(3) 149930 Career Readiness Young Life - BroomfieldAdams County 13125 Shoshone St Westminster CO 80234 840385934 501(c)(3) 10000 Program Support YouthBuild Newark 571 Central Ave Newark NJ 07107 753187358 501(c)(3) 15000 Program Support ZOI Wholeness PO Box 5506 Somerset NJ 08875 473489994 501(c)(3) 10000 Program Support 140 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Helping low-income students pursue higher education is core to ECMC Foundation's mission. ECMC Foundation closely monitors the use of the cash grants to Zenith Education Group, Inc. through reports to management and the Board of Directors on a regular basis. The remaining grants and assistance to the organizations listed in Part II further ECMC Foundation's mission and program evaluations are part of all grant projects funded. X true true X X X X true true false false true false true false false Peter J Taylor President & CEO ECMC Foundation 560403 0 0 0 4524 0 88246 0 8640 0 661813 0 0 0 Richard J Boyle Former DIRECTOR/CEO/PRESIDENT NOT PAID BY FOUNDATION 0 0 0 0 0 15946 0 0 0 0 0 15946 0 0 Robert A Stein Former Director not paid by Foundation 0 60000 0 0 0 0 0 0 0 0 0 60000 0 0 John F DePodesta Board Chair not paid by Foundation 0 183000 0 0 0 0 0 0 0 0 0 183000 0 0 James V McKeon DIRECTOR NOT PAID BY FOUNDATION 0 160000 0 0 0 0 0 0 0 0 0 160000 0 0 Jeremy J Wheaton President & CEO ECMC Group, Inc. Not Paid by Foundation 0 167451 0 100000 0 95651 0 24869 0 11911 0 399882 0 0 Daniel S Fisher General Counsel/Corp Secretary Not Paid by Foundation 0 310966 0 75000 0 1922 0 38013 0 30077 0 455978 0 0 Gregory A Van Guilder CFO (Until 11-08-17) not paid by Foundation 0 453964 0 150000 0 2897 0 52623 0 28529 0 688013 0 0 Martin A Scanlon SVP Finance & CFO (effective 11-09-17) Not Paid By Foundation 0 250606 0 148750 0 1496 0 38775 0 29386 0 469013 0 0 March H Kessler Former Executive Director 0 102254 0 46233 0 110078 0 8968 0 5940 0 273473 0 0 Kyle A Miller Sr Program Director-Teacher Dev & Eval 153391 0 1663 0 87434 0 9369 0 8321 0 260178 0 0 0 Jennifer E Zeisler Program Director-Career Readiness 121294 0 0 0 7309 0 13545 0 8861 0 151009 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 3 Arrangement used to establish the top management official's compensation As noted in Part VII of Form 990 and Schedule J, Part II, the only Executive Officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other Executive Officers' compensation was paid by related organizations. Schedule J, Part I, Line 4a Severance or change-of-control payment The following received a severance payment in 2017: March H. Kessler - $107,475. Kyle A. Miller - $85,860. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan ECMC - 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 2017, Gregory A. Van Guilder participated in the 457(f) plan, and received employer contributions of $2,400, and Peter J. Taylor participated in the SERP plan, and received an employer contribution of $50,746. ECMC Holdings Corporation, a wholly owned subsidiary of ECMC Group, Inc., a related organization, maintains a supplemental nonqualified retirement plan described in section 457(f) to attract and retain employees, typically in management positions. In 2017, Martin A. Scanlon participated in the 457(f) plan, and received an employer contribution of $8,175. Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organization As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. 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 As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. ECMC Group, Inc.'s annual officer incentive plan requires achievement of stated performance metrics, which includes net earnings before any payment to any officer is made. Richard J Boyle Mr. Boyle is a director and president of a company contracted with ECMC Group, Inc., a related org. 155000 See Description of Transaction in Part V false Schedule L, Part IV, Column (d) Description of Transaction ECMC Group, Inc., a related organization, has a consulting contract with a company owned by a former director and president. For transparency of operation, the contract is reported in this Form 990 filing as ECMC Group, Inc. is the parent and supporting entity of Educational Credit Management Corporation and Zenith Education Group, Inc. and the parent organization of ECMC Foundation. The contract is for advisory services to ECMC Group, Inc. and began after the officer retired from the organization on February 1, 2014. The proposed terms of the contract were reviewed by the Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors which is wholly comprised of independent, outside directors. The Committee reviewed the business terms, tasks, duration of the proposed agreement and comparability data. They also heard from compensation consultants and outside counsel. The Committee made a recommendation that was then approved by the full ECMC Group, Inc. Board of Directors. Form 990, Part III, Line 3 Significant changes in program services In December 2017, ECMC Foundation made the decision to close out the Teacher and Leader Development program. Starting in 2018, ECMC Foundation will direct funding into the College Success and the Career Readiness programs. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,751,586 including grants of $ 866,282)(Revenue $ 0) Other programs. Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,450,000 including grants of $ 1,450,000)(Revenue $ 0) GO! Program. ECMC Foundation awards grants to the Generating Outcomes (GO!) Program, a corporate initiative to fund education innovation by funding ideas and partnerships that can be examined for effectiveness in the local communities of the ECMC Group, Inc. employees. To qualify for payment of a GO! Program grant, the awarded recipient must be a third-party nonprofit entity and expend the grant award for the purpose designated in the recipient's grant proposal. Recipients are eligible to receive awards ranging from $10,000 to $100,000. In 2017, ECMC Foundation awarded 72 grants under the GO! Program. Form 990, Part VI, Line 13 WHISTLEBLOWER POLICY 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. While there is not a specific whistleblower policy, there is a provision incorporated into the code of ethics and business conduct policy that binds all employees that states there can be no repercussions for good faith reporting of potential illegal practices or violations of corporate policies. ECMC Group, Inc. has established an anonymous whistleblower telephone hotline and website administered by an outside vendor. The hotline and website are available and accessible to ECMC Foundation directors, officers, employees and vendors. Form 990, Part VI, Line 6 Classes of members or stockholders ECMC Foundation 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 Foundation Board of Directors. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders ECMC Group, Inc., the sole member of ECMC Foundation, retains the following authority over ECMC Foundation: 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 Code of Ethics and Business Conduct. The affirmation specifically references that the individual will comply with the directives of the Code of Ethics and Business Conduct. Conflicts of Interest and disclosure of potential conflicts are included in the Code of Ethics and Business Conduct. Monitoring and enforcement of the policy are accomplished through the reaffirmation process. In cases where a potential conflict exists at the officer and key employee levels, the issue is disclosed to the CEO and Director of Corporate Compliance. For potential or real conflicts involving the CEO or a member of the Board of Directors, the disclosure is made to the Board Chair. The Board member or CEO 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 As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2017, 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 a written 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 As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Peter J. Taylor. All other executive officers' compensation was paid by related organizations. The Governance & Compensation Committee of the ECMC Group, Inc. Board of Directors is wholly comprised of independent, outside directors. In 2017, 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 a written 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 The Form 990 is made available to the public on ECMC Foundation's website. No other documents are made available to the public. Form 990, Part VII, Section A Directors' Compensation ECMC Foundation Directors do not receive compensation for their service associated with ECMC Foundation, but do receive compensation for their service provided to related organizations-ECMC and ECMC Group, Inc. With the exception of the President, Peter J. Taylor, the executive officers of ECMC Foundation do not receive compensation for their service associated with ECMC Foundation, but do receive compensation for their service provided to related organizations-ECMC and ECMC Group, Inc. Robert Stein, a former Director, had a consulting agreement in 2017. Form 990, Part X, Line 12 Investments-Other Securities Investments-other securities of $733,787,031 are held in the ECMC Group, Inc. Investment Pool. Investments in ECMC Group, Inc. investment pool represent an ownership interest in the investment pool managed by ECMC Group, not in the underlying assets themselves. The ownership interests in this pool are not themselves publicly traded, nor can they be valued based on direct or indirect inputs as defined by Financial Accounting Standards Board Accounting Standards Codification 820. ECMC Foundation's investments consist of pooled funds invested with ECMC Group, Inc. that are generally redeemable upon request. The pooled investment is, under fair value hierarchy, a Level 2 investment. The investment strategy of the pooled funds of ECMC Group, Inc. is to diversify risk and provide a return that satisfies the short- and long-term objectives of ECMC Foundation. The investment pool has unfunded commitments of $110,884,996 in alternative investments and $9,175,372 in mission related direct investments. ECMC Foundation has no unfunded commitments to the pool at December 31, 2017. Form 990, Part XI, Line 5 Net unrealized gains on investments Net unrealized gains on investment in the ECMC Group, Inc. investment pool are $96,428,815. 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 GROUP INC 111 Washington Ave So Ste 1400 Minneapolis MN 55401 411991995 EDUCATION FINANCE DE 501(c)(3) Type II NA false ZENITH EDUCATION GROUP INC 111 Washington Ave So Ste 1400 Minneapolis MN 55401 472237488 CAREER COLLEGES DE 501(c)(3) 2 ECMC Group Inc 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 true false false false false false false false false false false false true true true true false false Schedule R, Part V, Line 1n SHARING OF FACILITIES, EQUIPMENT, OR OTHER ASSETS WITH RELATED ORG(S) $194,793 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 $256,326 REIMBURSEMENT PAID TO ECMC GROUP, INC. FOR EXPENSES. Schedule R, Part I Disregarded Entities of Related Organizations 1(a)-Name. Oakdale Student Loan Funding, LLC (27-1914648), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 1(b)-Primary activity. Holding FFELP Loans. 1(c)-Legal domicile. DE. 1(f)-Direct controlling entity. ECMC Group, Inc. 2(a)-Name. ECMC Shared Services Company, LLC (81-0690960), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 2(b)-Primary activity. Support Services Functions. 2(c)-Legal domicile. DE. 2(f)-Direct controlling entity. ECMC Group, Inc. 3(a)-Name. Patriot Student Loan Capital, LLC (81-3501777), 111 Washington Ave So, Ste 1400, Minneapolis, MN 55401. 3(b)-Primary activity. Trust Student Loans. 3(c)-Legal domicile. DE. 3(f)-Direct controlling entity. ECMC Group, Inc. 4(a)-Name. Premiere Credit of North America, LLC (35-2085743), 2002 Wellesley Blvd, #100, Indianapolis, IN 46219. 4(b)-Primary activity. Accounts Receivable Management. 4(c)-Legal domicile. IN. 4(f)-Direct controlling entity. ECMC Holdings Corporation. 5(a)-Name. Healthcare Billing Administrators, LLC (81-4038009), 2002 Wellesley Blvd, #100, Indianapolis, IN 46219. 5(b)-Primary activity. Provider of Contingent Collections in the Healthcare Provider Market. 5(c)-Legal domicile. IN. 5(f)-Direct controlling entity. Premiere Credit of North America, LLC. Schedule R, Part V, Line 1b Gift, grant, or capital contribution to related organization(s) $4,698,459 grants awarded by ECMC Foundation to Zenith Education Group, Inc. to provide $247,502 for the Zenith Campaign for Innovation which is designed to elicit creative ideas about how to support students' success and $4,450,957 for other programs which further its mission to help students succeed in their pursuit of an educational experience that prepares them for the workforce. Schedule R, Part V, Line 1o Sharing of Paid Employees with Related Organization(s) $56,863 Allocated Expenses for Paid Employees Shared with ECMC Shared Services Company, LLC, a Wholly Owned Subsidiary of ECMC Group, Inc., a Related Organization. Schedule R, Part V, Line 1q Reimbursement Paid by Related Organization(s) for Expenses $236,516 Reimbursement Paid by Zenith Education Group, Inc. for Expenses.