2014-11-11T12:00:10-06:00 2013-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 SOUTH 6TH STREET SUITE 2300 MINNEAPOLIS MN 55402 990 2013-01-01 411991995 ECMC GROUP INC ECMC 6512210566 1 Imation Place Building 2 Oakdale MN 551283422 GREGORY VAN GUILDER CFO 2014-11-10 true Lawrence H Mohr CPA P00447603 6128764500 2013 2015-11-30 17:44:51Z DAVID HAWN 1 Imation Place Oakdale MN 551283422 372329145 false X N/A X 2000 DE ECMC GROUP, INC. SUPPORTS THE FURTHERANCE OF THE EXEMPT PURPOSE OF EDUCATIONAL CREDIT MANAGEMENT CORPORATION BY PROVIDING MANAGEMENT/PLANNING SERVICES THAT SUPPORT STUDENTS AND POST-SECONDARY INSTITUTIONS IN THE AREAS OF HIGHER EDUCATION FINANCE AND COLLEGE ACCESS, RETENTION, AND SUCCESS. ECMC GROUP, INC. ALSO FUNDS THE PROGRAMS AND INITIATIVES OF ECMC FOUNDATION. ECMC GROUP, INC. IS A NONPROFIT CORPORATION THAT PROVIDES SERVICES IN SUPPORT OF HIGHER EDUCATION FINANCE. ECMC GROUP'S WORK SPANS SEVERAL BUSINESS LINES, BUT AT THE CORE OF OUR NONPROFIT ACTIVITIES IS PROVIDING SUPPORT FOR THE ADMINISTRATION OF FEDERAL STUDENT LOAN PROGRAMS AS WELL AS PROMOTING STUDENT FINANCIAL LITERACY AND COLLEGE ACCESS, RETENTION AND SUCCESS. ECMC GROUP, INC. ALSO FUNDS THE PROGRAMS AND INITIATIVES OF ECMC FOUNDATION; ECMC FOUNDATION HELPS LOW-INCOME INDIVIDUALS AS WELL AS THOSE WHO MAY BE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE. 10 9 22 0 285447 284447 337911123 360978478 9079185 7408429 85941 3942238 0 0 347076249 372329145 53523229 153936471 0 0 9341084 10695465 0 0 0 11649587 6913962 74513900 171545898 272562349 200783247 577254653 841030758 180412338 184604755 396842315 656426003 THE MISSION OF ECMC GROUP, INC. IS TO HELP STUDENTS RECOGNIZE AND REALIZE THEIR POTENTIAL BY INVESTING IN, CREATING AND PROVIDING INNOVATIVE EDUCATION SOLUTIONS THAT SUPPORT SCHOOLS AND IMPROVE STUDENT EDUCATIONAL OUTCOMES. false false 1352282 0 7408429 LOAN PORTFOLIO SERVICING: ECMC GROUP, INC. HAS AN ELIGIBLE LENDER TRUST AGREEMENT WITH US BANK NATIONAL ASSOCIATION. US BANK SERVES AS AN ELIGIBLE LENDER TRUST (ELT) FOR ECMC GROUP, INC. THROUGH THE ELT, ECMC GROUP, INC. PURCHASES FFELP REHABILITATED STUDENT LOANS FROM EDUCATIONAL CREDIT MANAGEMENT CORPORATION, A RELATED ENTITY, AND OTHER GUARANTY AGENCIES. 866987 0 0 THROUGH THE PUBLIC POLICY PROGRAM, ECMC GROUP, INC. SHARES INFORMATION AMONG ECMC GROUP-RELATED MEMBERS ON LEGISLATIVE PROPOSALS AND GOVERNMENTAL REGULATIONS THAT IMPACT THEIR OPERATIONS. THE PROGRAM ENABLES ECMC GROUP, INC. AFFILIATES TO MONITOR PUBLIC POLICY MATTERS AND PROVIDE NONPARTISAN ANALYSIS AND RESEARCH TO POLICYMAKERS, THOUGHT LEADERS AND THE GENERAL PUBLIC. 98500 98500 0 GRANTS AND SPONSORSHIPS SUPPLIED BY ECMC GROUP, INC. TO SCHOOLS AND INDIVIDUALS IN SUPPORT OF ITS TAX EXEMPT PURPOSE. 153837971 153837971 0 CONTRIBUTIONS MADE TO ECMC FOUNDATION TO FUND INNOVATIVE OUTREACH PROGRAMS AND SCHOLARSHIP PROGRAMS TO CONVEY TO STUDENTS THE IMPORTANCE OF COMPLETING HIGH SCHOOL AND TO DEVELOP AND DISTRIBUTE PROGRAMS THAT FOCUS ON ACCESS, RETENTION AND SUCCESS IN HIGHER EDUCATION, THEREBY HELPING LOW-INCOME INDIVIDUALS AS WELL AS THOSE WHO MAY BE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE FURTHERING THEIR EDUCATION GOALS. 153837971 153837971 0 156155740 true true false false false false false false false true true true false true true false true false false true false false false false false false true true true false false false false false false false false false false false false true true true true false false true 62 0 22 true true true false false false false false false false false false X 10 9 false false false false true true true true true false false true true true true true true true true false NM X Gregory Van Guilder 6512210566 1 Imation Place Building 2 Oakdale MN 551283422 RICHARD BOYLE DIRECTOR/CEO/PRESIDENT 77.00 4.00 X X 908287 0 54629 GARY COOK DIRECTOR 5.00 3.00 X 71559 3000 0 I KING JORDAN DIRECTOR 4.00 3.00 X 63000 3000 0 JACK O'CONNELL DIRECTOR 4.00 3.00 X 59000 3000 0 JAMES MCKEON DIRECTOR 7.00 4.00 X 89500 8500 0 JOHN DEPODESTA DIRECTOR 11.00 4.00 X 91059 14500 0 MAURICE SALTER DIRECTOR 7.00 4.00 X 74000 9500 0 PETER TAYLOR DIRECTOR 4.00 3.00 X 59000 0 0 ROBERT STEIN BOARD CHAIR 10.00 4.00 X 97500 9000 0 ROBERTA COOPER RAMO DIRECTOR 6.00 4.00 X 77000 4000 0 CRAIG ALLEN SR VICE PRESIDENT 12.00 35.00 X 47561 201123 45228 DANIEL FISHER SEC/GENERAL COUNSEL 44.00 6.00 X 469984 0 76850 DAVID HAWN CHIEF OPERATING OFFICER 56.00 1.00 X 634343 0 81880 EDWARD SPEAR CIO OF ECMC 0.00 55.00 X 432417 0 60722 GREGORY VAN GUILDER CHIEF FINANCIAL OFFICER 52.00 0.00 X 658773 0 83299 HEATHER RENNER EXEC VICE PRESIDENT 42.00 0.00 X 291363 0 51976 HEIDI JOHNSON Exec Vice President 13.00 36.00 X 0 419064 75219 GERALDINE GJESDAHL VICE PRESIDENT 38.00 13.00 X 212575 0 26020 HUGH MCSHERRY VICE PRESIDENT 5.00 46.00 X 214667 0 52097 JOSHUA SUSSER Director 41.00 0.00 X 248721 0 61272 KATHLEEN KING CONTROLLER 49.00 0.00 X 293777 0 50904 MATTHEW MIKULSKI SR VICE PRESIDENT 43.00 7.00 X 254562 0 59024 FRED CHAMBERS FORMER VICE PRESIDENT 0.00 42.00 X 149983 0 22045 JAMES MURRAY FORMER DIRECTOR 0.00 0.00 X 41266 0 0 STEVEN WELLVANG FORMER SEC/GENERAL COUNSEL 0.00 38.00 X 0 547655 18591 5539897 1222342 819756 15 true true false E CAPITAL ADVISORS 7700 FRANCE AVE SOUTH STE 370 MINNEAPOLIS MN 55435 CONSULTING 1284457 EMC 176 SOUTH STREET HOPKINTON MA 01748 IT CONSULTING 1109262 BAKER TILLY VIRCHOW KRAUSE LLP 115 SOUTH 84TH ST STE 400 MILWAUKEE WI 53214 ACCOUNTING 829319 FROST BROWN TODD LLC 400 WEST MARKET STREET 32ND FLOOR LOUISVILLE KY 402023363 LEGAL 758642 HALL CAPITAL PARTNERS ONE MARITIME PLAZA SUITE 500 SAN FRANCISCO CA 94111 INVESTMENT MANAGEMENT 737195 17 360978478 360978478 STUDENT LOAN PORTFOLIO 900099 7408429 7408429 0 0 0 0 0 0 0 0 7408429 3942238 285447 3656791 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 372329145 7408429 285447 3656791 153839971 153839971 96500 96500 0 0 4075751 310609 3765142 0 4963590 62655 4900935 476601 5669 470932 816050 9690 806360 363473 4323 359150 0 245139 136520 108619 345020 75 344945 0 0 556457 556457 0 2693712 1043613 1650099 0 0 0 0 514939 40199 474740 196288 1692 194596 0 898118 23940 874178 560710 37300 523410 0 62415 2263 60152 0 0 0 0 0 0 309623 0 309623 187785 2737 185048 REINSTATEMENT OF WRITE-OFF -49340 -49340 MISCELLANEOUS EXPENSES 17877 16637 1240 USAGE ON SHARED ASSETS 375219 14230 360989 0 0 0 0 171545898 156155740 15390158 0 0 155154304 87900002 159546499 63922767 221655 32881 0 0 0 0 1683945 1517573 3875638 345352 724667 3530286 124553171 232763762 20276281 339578972 108871276 104369045 6222855 7415470 577254653 841030758 127794453 79705950 0 0 0 52617885 104898805 180412338 184604755 X 396842315 656426003 396842315 656426003 577254653 841030758 X 200783247 42315743 16484698 X false true X true false X X X false false false EDUCATIONAL CREDIT MGMT CORP 411778617 9 true true true 866987 1 866987 SCHEDULE A, PART I, LINE 11, AN ORGANIZATION ORGANIZED TO PERFORM AND PROVIDE ECMC GROUP, INC., THE SUPPORTING ORGANIZATION, RETAINS THE FOLLOWING AUTHORITY OVER EDUCATIONAL CREDIT MANAGEMENT CORPORATION, THE SUPPORTED ORGANIZATION, AND, THEREFORE, HAS CONTROL OVER EDUCATIONAL CREDIT MANAGEMENT CORPORATION: 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 18592 13324 5268 5409 2554 2855 3851637 329474 3522163 3530286 0 0 ECMC HOLDINGS CORPORATION STOCK 1000 F ECMC HOLDINGS CORPORATION PAID-IN CAPITAL 41689660 F OAKDALE INVESTMENT MANAGEMENT CORPORATION STOCK 1000 F ALTERNATIVE INVESTMENTS 297887312 F 339578972 STUDENT LOAN RECEIVABLE 87567983 F MISSION-RELATED DIRECT INVESTMENTS 16801062 C 104369045 0 DUE TO FEDERAL SERVICES BUREAU 1255 DUE TO ECMC FOUNDATION 14664 DUE TO ECMC HOLDINGS CORPORATION 1758367 DUE TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION 1372852 FOUNDATION DEPOSITS IN GROUP INVESTMENT POOL 101751667 104898805 X Schedule D, Part X, Line 2, FIN 48 (ASC 740) footnote THE FIN 48 (ASC 470) DISCLOSURE IN THE ECMC GROUP, INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS READS AS FOLLOWS: "ECMC GROUP, ECMC AND FOUNDATION ARE NONPROFIT 501(C)(3) CORPORATIONS AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. HOLDINGS AND ITS SUBSIDIARIES ARE TAXABLE ENTITIES AND ACCOUNT FOR DEFERRED TAX ASSETS AND LIABILITIES UNDER THE LIABILITY METHOD. DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR TEMPORARY DIFFERENCES THAT WILL RESULT IN TAXABLE AMOUNTS IN FUTURE YEARS. DEFERRED TAX ASSETS ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND TAX OPERATING LOSS AND TAX CREDIT CARRY FORWARDS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. WITH FEW EXCEPTIONS, GROUP IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2010. IN THE EVENT OF ANY CURRENT OR FUTURE TAX ASSESSMENTS, GROUP HAS ELECTED TO RECORD THE INCOME TAXES AND ANY RELATED INTEREST AND PENALTIES AS INCOME TAX EXPENSE ON GROUP'S STATEMENT OF OPERATIONS." CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 94860000 94860000 true false false true true false SCHEDULE F, PART I, LINE 3(F), INVESTMENTS INVESTMENTS ARE RECORDED ON THE TRADE DATE AND ARE CARRIED AT FAIR VALUE. UNREALIZED GAINS AND LOSSES AND REALIZED GAINS AND LOSSES, DETERMINED ON THE BASIS OF THE COST OF THE SPECIFIC SECURITIES SOLD, ARE INCLUDED IN THE CHANGE IN THE NET ASSETS. DIVIDEND INCOME IS RECORDED ON THE EX-DIVIDEND DATE. INTEREST INCOME IS ACCRUED DAILY. ALTERNATIVE INVESTMENTS- ALTERNATIVE INVESTMENTS ARE VARIOUS HEDGE FUNDS SET UP AS LIMITED PARTNERSHIPS WITH THE INVESTMENT GOAL OF A "FIXED INCOME" AND "GROWTH ASSET" PORTFOLIO. GROUP USES AUDITED FINANCIAL STATEMENTS FOR EACH LIMITED PARTNERSHIP AS A PRACTICAL EXPEDIENT TO ARRIVE AT FAIR VALUE. INVESTMENTS HELD BY THE LIMITED PARTNERSHIPS ARE VALUED AT PRICES WHICH APPROXIMATE FAIR VALUE. THE ESTIMATED FAIR VALUE MAY DIFFER SIGNIFICANTLY FROM THE VALUES THAT WOULD HAVE BEEN USED HAD A READY MARKET EXISTED FOR THESE INVESTMENTS, AND THESE DIFFERENCES COULD BE MATERIAL. NET ASSET VALUATIONS ARE PROVIDED QUARTERLY BY THE LIMITED PARTNERSHIPS. true ECMC FOUNDATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411990628 501(C)(3) 153837971 GENERAL SUPPORT 1 0 ROBERT A. STEIN SCHOLARSHIP 43 96500 Schedule I, Part I, Line 2, Procedures for monitoring use of grant funds ECMC GROUP, INC. IS THE SOLE MEMBER OF ECMC FOUNDATION AND CLOSELY MONITORS THE USE OF THE CASH GRANTS THROUGH REPORTS TO MANAGEMENT AND THE BOARD OF DIRECTORS ON A REGULAR BASIS. X true true X X X X true true false false true false true false false RICHARD BOYLE DIRECTOR/CEO/PRESIDENT 475238 0 425000 0 8049 0 30600 0 24029 0 962916 0 0 0 JAMES MURRAY FORMER DIRECTOR 41266 0 0 0 0 0 0 0 0 0 41266 0 0 0 FRED CHAMBERS FORMER VICE PRESIDENT 63552 0 54600 0 31831 0 10911 0 11134 0 172028 0 0 0 STEVEN WELLVANG FORMER SEC/GENERAL COUNSEL 0 484151 0 53544 0 9960 0 16320 0 2271 0 566246 0 9960 GREGORY VAN GUILDER CHIEF FINANCIAL OFFICER 306483 0 350513 0 1777 0 53726 0 29573 0 742072 0 21387 0 DANIEL FISHER SEC/GENERAL COUNSEL 252393 0 214482 0 3109 0 43314 0 33536 0 546834 0 13038 0 DAVID HAWN CHIEF OPERATING OFFICER 305539 0 326047 0 2757 0 52362 0 29518 0 716223 0 18648 0 HEIDI JOHNSON EXEC VICE PRESIDENT 0 216798 0 200003 0 2263 0 40346 0 34873 0 494283 0 9590 HEATHER RENNER EXEC VICE PRESIDENT 193380 0 95685 0 2298 0 32885 0 19091 0 343339 0 0 0 EDWARD SPEAR CIO OF ECMC 239237 0 187091 0 6089 0 40526 0 20196 0 493139 0 9849 0 CRAIG ALLEN SR VICE PRESIDENT 46534 126307 0 71671 1027 3145 2908 24487 4801 13032 55270 238642 0 0 KATHLEEN KING CONTROLLER 182237 0 107379 0 4161 0 32708 0 18196 0 344681 0 2239 0 MATTHEW MIKULSKI SR VICE PRESIDENT 163392 0 88833 0 2337 0 30784 0 28240 0 313586 0 175 0 GERALDINE GJESDAHL VICE PRESIDENT 149406 0 61875 0 1294 0 25425 0 595 0 238595 0 0 0 HUGH MCSHERRY VICE PRESIDENT 145984 0 61875 0 6808 0 25857 0 26240 0 266764 0 0 0 JOSHUA SUSSER DIRECTOR 145247 0 28428 0 75046 0 30127 0 31145 0 309993 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 2013: STEVEN WELLVANG - $355,058, PAID BY ECMC HOLDINGS, INC., A RELATED ORGANIZATION. Schedule J, Part I, Line 4b, Supplemental nonqualified retirement plan ECMC GROUP, INC. MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN SECTION 457(F) TO ATTRACT AND RETAIN EMPLOYEES, TYPICALLY IN MANAGEMENT POSITIONS. IN 2013, FOUR EMPLOYEES, DANIEL FISHER, DAVID HAWN, GREGORY VAN GUILDER, AND HEIDI JOHNSON, PARTICIPATED IN THE PLAN. NO PAYMENTS WERE MADE FROM THE PLAN. 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, Sec A, Line 6, Classes of members or stockholders EACH DIRECTOR OF THE ECMC GROUP, INC.'S BOARD OF DIRECTORS IS A MEMBER OF ECMC GROUP, INC. IN 2013, THERE WERE TEN MEMBERS OF THE BOARD OF DIRECTORS AND, THEREFORE, TEN MEMBERS OF THE CORPORATION. MEMBERSHIP TERMINATES UPON THE TERMINATION OF SUCH MEMBER'S DIRECTOR STATUS ON THE BOARD OF DIRECTORS. THERE ARE NO STOCKHOLDERS. Form 990, Part VI, Sec A, Line 7a, Members or stockholders electing members of governing body THE MEMBERS OF ECMC GROUP, INC. BOARD OF DIRECTORS ARE NOMINATED BY THE GOVERNANCE & COMPENSATION COMMITTEE OF THE BOARD AND ELECTED BY THE BOARD OF DIRECTORS. THE GOVERNANCE & COMPENSATION COMMITTEE CONSISTS OF SUCH INDEPENDENT MEMBERS APPOINTED TO IT BY THE ECMC GROUP, INC. BOARD OF DIRECTORS. Form 990, Part VI, Sec A, Line 7b, Decisions requiring approval by members or stockholders THE GOVERNING BODY AND THE MEMBERS ARE THE SAME INDIVIDUALS. Form 990, Part VI, Sec B, 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, Sec B, 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 IS INCLUDED IN THE CODE OF ETHICS AND BUSINESS CONDUCT. MONITORING AND ENFORCEMENT OF THE POLICY IS 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 CHAIRMAN. THE BOARD MEMBER OR CEO WILL BE REQUIRED TO EXCUSE THEMSELVES FROM DELIBERATION AND VOTING ON MATTERS WHICH THEY MAY HAVE A CONFLICT OF INTEREST. 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, DIRECTORS, 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. THE PROVISION STATES THAT 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. Form 990, Part VI, Sec B, Line 15a, Process to establish compensation of top management official THE FOLLOWING DESCRIBES THE ECMC 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 2013, 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, Sec B, Line 15b, Process to establish compensation of other employees THE FOLLOWING DESCRIBES THE ECMC 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 2013, 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, Sec C, Line 19, Required documents available to the public NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, CONSULTING JAMES MURRAY, A FORMER DIRECTOR, HAD A CONSULTING AGREEMENT IN 2013. FORM 990, PART XI, LINE 5, NET UNREALIZED GAINS ON INVESTMENTS NET UNREALIZED GAINS ON INVESTMENT IN THE ECMC GROUP, INC. INVESTMENT POOL = $42,315,743. FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS NET UNREALIZED GAIN FROM SUBSIDIARY = $16,484,698. ECMC HOLDINGS MADE THE DECISION NOT TO SELL PREMIERE CREDIT OF NORTH AMERICA, LLC ("PREMIERE"). THEREFORE, PREMIERE HAS BEEN REMOVED FROM DISCONTINUED OPERATIONS AND PLACED BACK IN USE. Form 990 , Part XI, Line 9, Other changes in net assets or fund balances NET UNREALIZED GAIN FROM SUBSIDIARY - 16484698; OAKDALE STUDENT LOAN FUNDING LLC 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 271914648 HOLDING FFELP LOANS DE 0 0 ECMC GROUP INC PREMIERE CREDIT OF NORTH AMERICA LLC 2002 WELLESLEY BLVD 100 INDIANAPOLIS IN 46219 352085743 ACCOUNTS RECEIVABLE MANAGEMENT IN ECMC HOLDINGS CORP EDUCATIONAL CREDIT MGMT CORP 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411778617 FFELP GUARANTOR MN 501(C)(3) 9 ECMC GROUP INC true ECMC FOUNDATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411990628 PROMOTE EDUCATION DE 501(C)(3) 11 - Type II ECMC GROUP INC true OAKDALE INVESTMENT MANAGEMENT CORPORATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 461549752 HOLDING INVESTMENTS DE ECMC GROUP INC C CORPORATION 0 1000 1 true ECMC HOLDINGS CORPORATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411991992 STRATEGIC OVERSIGHT DE ECMC GROUP INC C CORPORATION 5522907 60276917 1 true EDUCATIONAL CREDIT SERVICES CO 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411992001 PRIVATE LOANS DE NA C CORPORATION true ECMC RECORDS & REC MGMT CORPORATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411989959 DOCUMENT MANAGEMENT DE NA C CORPORATION true ECMC MANAGEMENT SERVICES CORPORATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411989960 MANAGEMENT SERVICES DE NA C CORPORATION true ECMC TECHNOLOGY SERVICES CORPORATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411989958 TECHNOLOGY SERVICES DE NA C CORPORATION true ECMC SOLUTIONS CORPORATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 271854584 DEFAULT PREVENTION DE NA C CORPORATION true false true true false false false false false false false false false false true true true true false false ECMC FOUNDATION B 153837971 ALLOCATION ECMC FOUNDATION N 672137 ALLOCATION ECMC FOUNDATION O 273708 ALLOCATION ECMC FOUNDATION P 214508 ALLOCATION ECMC FOUNDATION Q 217150 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION C 360978478 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION N 28479801 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION O 23868588 ALLOCATION EDUCATIONAL CREDIT MANAGEMENT CORPORATION Q 6967282 ALLOCATION ECMC HOLDINGS CORPORATION N 1096830 ALLOCATION ECMC HOLDINGS CORPORATION Q 1475557 ALLOCATION ECMC RECORDS & REC MGMT CORPORATION N 60829 ALLOCATION ECMC SOLUTIONS CORPORATION N 438357 ALLOCATION ECMC SOLUTIONS CORPORATION O 193200 ALLOCATION ECMC SOLUTIONS CORPORATION Q 84017 ALLOCATION