ECMC FOUNDATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ECMC FOUNDATION (EIN 41-1990628)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-11
- IRS object ID
- 201313169349301006
- Schema version
- 2012v2.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-11T13:58:20-08:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 S 6TH ST STE 2300 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411990628 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECMC FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ECMC | NameControl |
| Phone | 6512210566 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 IMATION PLACE BUILDING 2 | AddressLine1 |
| City | OAKDALE | City |
| State | MN | State |
| ZIP Code | 551283422 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GREGORY VAN GUILDER | Name |
| Title | CFO | Title |
| Phone | 6512210566 | Phone |
| Date Signed | 2013-11-11 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAWRENCE H MOHR CPA | Name |
| Phone | 6128764500 | Phone |
| Date Prepared | 2013-11-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DANIEL FISHER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 IMATION PLACE BUILDING 2 | AddressLine1 |
| City | OAKDALE | City |
| State | MN | State |
| ZIP Code | 551283422 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 53512331 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.ecmcfoundation.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2000 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | ECMC Foundation helps low-income, first generation students gain access to and succeed in college. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 9 | TotalNbrEmployees |
| Total Nbr Volunteers | 8 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 65053498 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 53496229 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2906 | InvestmentIncomePriorYear |
| Investment Income Current Year | 16102 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 65056404 | TotalRevenuePriorYear |
| Total Revenue Current Year | 53512331 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 62984750 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 981450 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 842304 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1381305 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 357350 | OtherExpensePriorYear |
| Other Expenses Current Year | 523574 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 64184404 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2886329 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 872000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 50626002 | RevenuesLessExpensesCY |
| Total Assets BOY | 47897705 | TotalAssetsBOY |
| Total Assets EOY | 85972455 | TotalAssetsEOY |
| Total Liabilities BOY | 42381099 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 29829847 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5516606 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 56142608 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | ECMC Foundation helps people of all ages further their higher education goals focusing on | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | true | SignificantChange |
| Expense | 1188151 | Expense |
| Grants | 934000 | Grants |
| Description | ECMC SCHOLARS PROGRAM: THE ECMC SCHOLARS PROGRAM IS A HIGH SCHOOL MENTORING PROGRAM DESIGNED TO INCREASE PARTICIPATION IN HIGHER EDUCATION FOR LOW-INCOME INDIVIDUALS AS WELL AS FOR THOSE WHO MAY BE THE FIRST MEMBER OF THEIR FAMILY TO HAVE AN OPPORTUNITY TO ATTEND COLLEGE. THE PROGRAM CHALLENGES THESE STUDENTS TO BETTER PREPARE FOR HIGHER EDUCATION DURING THEIR JUNIOR AND SENIOR YEARS OF HIGH SCHOOL. TO DATE, ECMC FOUNDATION HAS PLEDGED MORE THAN $12.3 MILLION IN SCHOLARSHIPS TO 2,050 STUDENTS IN THIS PROGRAM. THE STUDENTS ARE AWARDED $4,000 FOR THEIR FIRST YEAR OF COLLEGE AND $2,000 FOR THEIR SECOND YEAR OF COLLEGE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 748280 | Expense |
| Grants | 7750 | Grants |
| Description | THE COLLEGE PLACE: THE COLLEGE PLACE WORKS TO HELP INDIVIDUALS OF ALL AGES PURSUE OPPORTUNITIES FOR HIGHER EDUCATION. THE COLLEGE PLACE PROVIDES FREE ASSISTANCE AND RESOURCES ABOUT SCHOOLS, THE COST OF EDUCATION, FINANCIAL AID AND ADMISSIONS. SERVICES ARE PROVIDED IN ONE-ON-ONE MEETINGS, GROUP SETTINGS, IN WORKSHOPS AND EVENTS, OR BY TELEPHONE AND THROUGH EMAIL. THERE ARE CURRENTLY FIVE COLLEGE ACCESS CENTERS-TWO CENTERS IN VIRGINIA AND ONE CENTER EACH IN OREGON, CONNECTICUT AND CALIFORNIA. IN 2 | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 268160 | Expense |
| Description | BELIEVING THE COLLEGE DREAM, REALIZING THE COLLEGE DREAM AND PERSIST. BELIEVING THE COLLEGE DREAM, REALIZING THE COLLEGE DREAM AND PERSIST ARE CURRICULUM GUIDES. SEE SCHEDULE O FOR FULL DESCRIPTIONS. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 152062 | Expense |
| Grants | 39700 | Grants |
| Description | Other programs are described on Schedule O. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 152062 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 39700 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 2356653 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | false | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 9 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 9 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | GREGORY VAN GUILDER | NamePerson |
| Telephone Number | 6512210566 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 IMATION PLACE BUILDING 2 | AddressLine1 |
| City | OAKDALE | City |
| State | MN | State |
| ZIP Code | 551283422 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| ROBERT STEIN | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 118167 | 0 | ||||
| GARY COOK | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 88654 | 0 | ||||
| ROBERTA COOPER RAMO | |||||||||
| Director Not paid by Foundation | 3.00 | X | 0 | 91000 | 0 | ||||
| JOHN DEPODESTA | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 112654 | 0 | ||||
| EDWARD JENNINGS | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 68000 | 0 | ||||
| I KING JORDAN | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 79000 | 0 | ||||
| JAMES MCKEON | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 98500 | 0 | ||||
| JACK O'CONNELL | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 71000 | 0 | ||||
| MAURICE SALTER | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 81000 | 0 | ||||
| PETER TAYLOR | |||||||||
| Director Not paid by Foundation | 1.00 | X | 0 | 50667 | 0 | ||||
| RICHARD BOYLE | |||||||||
| Dir/CEO/Pres Not paid by Foundation | 1.00 | X | 0 | 907210 | 47049 | X | |||
| GREGORY VAN GUILDER | |||||||||
| CFO Not paid by Foundation | 1.00 | 0 | 617270 | 74681 | X | ||||
| DANIEL FISHER | |||||||||
| Sec/Gen Counsel Not paid by Foundation | 1.00 | 0 | 468092 | 69732 | X | ||||
| STEVEN BUMBAUGH | |||||||||
| President | 45.00 | 167912 | 0 | 21015 | X | ||||
| MARCH KESSLER | |||||||||
| Executive Director | 41 | 196275 | 27777 | X | |||||
| VICKI WHEBBE | |||||||||
| Program Director | 42 | 115331 | 24886 | X | |||||
| STEVEN WELLVANG | |||||||||
| Former Sec/Gen Counsel Not paid by Foundation | 0 | 432699 | 58887 | X | |||||
| JAMES MURRAY | |||||||||
| Former Director Not paid by Foundation | 0 | 46684 | X | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 479518 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3330597 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 324027 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Related Organizations | 53496229 | RelatedOrganizations |
| Total Contributions | 53496229 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16102 | TotalRevenueColumn |
| Exclusion | $16,102 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53512331 | TotalRevenueColumn |
| Exclusion | $16,102 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39700 | Total |
| Program Services | 39700 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 941750 | Total |
| Program Services | 941750 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 392428 | Total |
| Program Services | 195098 | ProgramServices |
| Management And General | 197330 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 701181 | Total |
| Program Services | 561385 | ProgramServices |
| Management And General | 139796 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79274 | Total |
| Program Services | 63468 | ProgramServices |
| Management And General | 15806 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157525 | Total |
| Program Services | 87757 | ProgramServices |
| Management And General | 69768 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50897 | Total |
| Program Services | 40749 | ProgramServices |
| Management And General | 10148 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2414 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 2414 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3593 | Total |
| Program Services | 161 | ProgramServices |
| Management And General | 3432 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163365 | Total |
| Program Services | 161496 | ProgramServices |
| Management And General | 1869 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1868 | Total |
| Program Services | 1867 | ProgramServices |
| Management And General | 1 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95637 | Total |
| Program Services | 76506 | ProgramServices |
| Management And General | 19131 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5789 | Total |
| Program Services | 4064 | ProgramServices |
| Management And General | 1725 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85669 | Total |
| Program Services | 61203 | ProgramServices |
| Management And General | 24466 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77240 | Total |
| Program Services | 57607 | ProgramServices |
| Management And General | 19633 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13387 | Total |
| Program Services | 12280 | ProgramServices |
| Management And General | 1107 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9906 | Total |
| Program Services | 7077 | ProgramServices |
| Management And General | 2829 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Usage Fee on shared Assets | Description |
| Total | 62188 | Total |
| Program Services | 44428 | ProgramServices |
| Management And General | 17760 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2518 | Total |
| Program Services | 57 | ProgramServices |
| Management And General | 2461 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2886329 | Total |
| Program Services | 2356653 | ProgramServices |
| Management And General | 529676 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22757098 | BOY |
| EOY | 31013202 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4512008 | BOY |
| EOY | 4612722 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20628599 | BOY |
| EOY | 50346531 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47897705 | BOY |
| EOY | 85972455 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113903 | BOY |
| EOY | 287064 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42240142 | BOY |
| EOY | 934783 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 28219044 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27054 | BOY |
| EOY | 388956 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42381099 | BOY |
| EOY | 29829847 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12606 | BOY |
| EOY | 12608 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5504000 | BOY |
| EOY | 56130000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5516606 | BOY |
| EOY | 56142608 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47897705 | BOY |
| EOY | 85972455 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 50626002 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Both | X | FinancialStatementBoth |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type2 | X | SupportingOrg509a3Type2 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDU CREDIT MGMT CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411778617 | EIN |
| Type Of Organization | 9 | TypeOfOrganization |
| Listed In Governing Doc | true | ListedInGoverningDoc |
| Supported Organization Notified | true | SupportedOrganizationNotified |
| Organized In US | true | OrganizedInUS |
| Amount | $2,886,329 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 2886329 | SumOfAmounts |
| Public Support Total170 | 0 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Pertcentage170 | 0 | PublicSupportPertcentage170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Due From ECMC Group, Inc. | 50344399 |
| Accrued Interest | 2132 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 50346531 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Due to ECMC Group, Inc. | $283,482 |
| Due to Educational Credit Management Corporation | $105,474 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 388956 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 53512331 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 53512331 | RevenueSubtotal |
| Total Revenue Per Form990 | 53512331 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2886329 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 2886329 | ExpensesSubtotal |
| Total Expenses Per Form990 | 2886329 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt IV Line 2b | Educational Credit Management Corporation, a related entity, |
| COMMITTED TO FUND $84,657,132 FOR THE STATE OF CALIFORNIA'S 2012-2013 CAL GRANT FINANCIAL AID PROGRAM. DURING 2012, ECMC FOUNDATION ACTED AS AN AGENT TO FACILITATE THE PAYMENT OF THESE FUNDS. --- |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| WESTERN OREGON UNIVERSITY | |||||||
| 345 NO MONMOUTH AVE | MONMOUTH | OR | 97361 | 936001786 | State Org. | 25000 | Leadership Conf |
| VIRGINIA COMMONWEALTH UNIV FDN | |||||||
| PO BOX 843062 | RICHMOND | VA | 23284 | 540757884 | 501(c)(3) | 10000 | Gen Support |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 2 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| ECMC Scholars Scholarships | 241 | 934000 |
| The College Place Scholarships | 8 | 7750 |
Form990 Schedule I Part IV Form990ScheduleIPartIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt I Line 2 | Helping low-income students pursue higher education is core to ECMC Foundation's mission. |
| The grants and assistance to the organizations listed in Part II are minimal in nature and | |
| are issued in support of student financial aid conferences and organizations and do not | |
| require monitoring. ECMC Foundation scholarships listed in Part III are issued as jointly | |
| payable to the student and the school to ensure the funds are used for educational expenses. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | true | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | true | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Base Compensation Filing OrgBaseCompensationFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD BOYLE | |||||||||||
| 477959 | 422078 | 7173 | 32000 | 15049 | 954259 | ||||||
| GREGORY VAN GUILDER | |||||||||||
| 306665 | 308771 | 1834 | 53387 | 21294 | 691951 | ||||||
| DANIEL FISHER | |||||||||||
| 245266 | 220799 | 2027 | 43037 | 26695 | 537824 | ||||||
| STEVEN BUMBAUGH | |||||||||||
| 113429 | 54483 | 12825 | 8190 | 188927 | |||||||
| MARCH KESSLER | |||||||||||
| 142194 | 1626 | 19765 | 8012 | 224052 | 52455 | ||||||
| STEVEN WELLVANG | |||||||||||
| 309721 | 114546 | 8432 | 35647 | 23240 | 491586 | ||||||
| JAMES MURRAY | |||||||||||
| 46684 | 46684 | ||||||||||
Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt I Line 1a | ECMC Foundation's approved relocation policy for executives allows for certain reimbursable items to be grossed up for taxes to make the employee whole. This has been approved by the board of directors. In 2012, the relocation expense for ECMC Foundation's new president, Steven Bumbaugh, was treated as taxable compensation and grossed up for taxes under this policy. --- |
| Pt I Line 3 | As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Steven Bumbaugh. All other executive officers' compensation was paid by related organizations. --- |
| Pt I Line 4b | ECMC Group, Inc. maintains a supplemental nonqualified retirement plan described in section 457(f) to attract and retain employees, typically in management positions. In 2012 Gregory Van Guilder participated in the plan. No payments were made from the plan. --- |
| Pt I Line 5b | As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Steven Bumbaugh. 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. --- |
| Pt I Line 6b | As noted in Part VII of Form 990 and Schedule J, Part II, the only executive officer compensated by ECMC Foundation was the President, Steven Bumbaugh. All other executive officers' compensation was paid by related organizations. 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. --- |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (167 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Pt I, Line 1 | About ECMC Foundation |
| ECMC Foundation helps people of all ages further their education | |
| goals, particularly low-income individuals, as well as those who | |
| may be the first member of their family to attend college. | |
| Our innovative outreach programs focus on college access, retention | |
| and success. Through partnerships with government agencies, | |
| educational institutions and community organizations, ECMC | |
| Foundation is able to help make the dream of college a reality | |
| for those individuals who may not otherwise have an opportunity | |
| to pursue higher education. ECMC Foundation is funded by ECMC | |
| Group, Inc. For more information, visit www.ecmcfoundation.org. | |
| --- | |
| Pt I, Line 6 | Volunteers: |
| Eight volunteers provided 249 hours of service at 4 of ECMC | |
| Foundation's College Place centers. Services provided by the | |
| volunteers included receptionist and clerical duties and | |
| assisting students and their parents in the completion of | |
| the Free Application for Federal Student Aid. | |
| --- | |
| Pt III, Line 3 | Cal Grant Program |
| In 2011 ECMC Foundation made a contribution to the Cal Grant program. | |
| In 2012 Educational Credit Management Corporation, a related entity, | |
| committed to fund $84,657,132 for the State of California's | |
| 2012-2013 Cal Grant financial aid program. During 2012, ECMC | |
| Foundation acted as an agent to facilitate the payment of these funds. | |
| --- | |
| Form 990, Part III, Line 4d | OTHER PROGRAMS ARE DESCRIBED ON SCHEDULE O. 152062. 39700. 0. |
| Pt III, Line 4c | Believing the College Dream, Realizing the College Dream and PERSIST: |
| --- | |
| Believing the College Dream: | |
| Believing the College Dream is a curriculum guide that supports | |
| teachers, counselors and community-based organization staffs in | |
| their work to increase the expectations of attending college by students | |
| in grades 4-8. The curriculum has a focus on low-income students as well | |
| as those students who may be the first member of their family to | |
| have an opportunity to attend college. The curriculum is free. | |
| It is distributed nationally and in 2012 was downloaded more than | |
| 1,400 times from the ECMC Foundation website; thereby, reaching | |
| untold numbers of students as exposure to the curriculum cascades | |
| through the education community. | |
| --- | |
| ECMC Foundation sponsored three training sessions during 2012 in which | |
| more than 400 education professionals were trained to use the curriculum. | |
| --- | |
| Realizing the College Dream: | |
| Realizing the College Dream is a curriculum guide that supports | |
| teachers, counselors and community-based organization staffs in their | |
| work to increase the expectations of attending college by high | |
| school students. The curriculum has a focus on low-income students as | |
| well as those students who may be the first member of their family | |
| to have an opportunity to attend college. The curriculum is free. | |
| It is distributed nationally and in 2012 was downloaded more than | |
| 1,200 times from the ECMC Foundation website; thereby, reaching | |
| untold numbers of students as exposure to the curriculum cascades | |
| through the education community. According to a usage study | |
| conducted by the Pell Institute, the materials could potentially be | |
| having an effect on the lives of hundreds of thousands of students. | |
| --- | |
| ECMC Foundation sponsored two training sessions during 2012 in | |
| which more than 200 education professionals were trained. | |
| --- | |
| PERSIST: | |
| PERSIST is a guide for postsecondary educations to help at-risk | |
| students successfully navigate the varied aspects of the college | |
| experience. This guide includes tools to help to increase the | |
| success rates of those college students most at risk for dropping | |
| out: first generation college students, those from low-income families, | |
| commuter students and nontraditional age students. In 2012 the guide | |
| was downloaded more than 900 times from the ECMC Foundation website; | |
| thereby, reaching untold numbers of students as exposure to the | |
| curriculum cascades through the education community. | |
| --- | |
| ECMC Foundation sponsored two training sessions during 2012 in | |
| which more than 200 education professionals were trained. | |
| --- | |
| Pt III, Line 4d | Other programs: |
| Miscellaneous programs and activities for the furtherance | |
| of educational opportunities through grants, awards and | |
| research on the management of educational debt. | |
| Expenses $152,062 including grants of $39,700. Revenue $0. | |
| --- | |
| Pt VI, Line 6 | ECMC Foundation has one member. The member is ECMC Group, Inc. |
| a Delaware, non-stock, non-profit corporation exempt under | |
| section 501(c)(3). There are no stockholders. | |
| --- | |
| Pt VI, Line 7a | ECMC Group, Inc. has the right to elect and/or approve all the |
| directors of the ECMC Foundation Board of Directors. | |
| --- | |
| Pt VI, Line 7b | 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. | |
| --- | |
| Pt VI, Line 11a | 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. | |
| --- | |
| Pt VI, Line 12c | 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 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. | |
| --- | |
| Pt 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 Foundation has established an anonymous whistleblower | |
| telephone hotline and website administered by an outside vendor. | |
| --- | |
| Pt VI, Line 15 | As noted in Part VII of Form 990 and Schedule J, Part II, the only executive |
| officer compensated by ECMC Foundation was the President, Steven Bumbaugh. 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 2012, 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. In | |
| July 2012, Steven Bumbaugh was hired as President of ECMC Foundation. At the | |
| request of the Governance and Compensation Committee, Grant Thornton | |
| identified an appropriate compensation package for the President position. | |
| --- | |
| Pt VI, Line 17 | States to file Form 990: New Mexico, Oregon and California. |
| --- | |
| Pt VI, Line 19 | No documents are made available to the public. |
| --- | |
| Pt VII-A | 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, Steven Bumbaugh, 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. | |
| --- | |
| James Murray, a former Director, had a consulting agreement in 2012. | |
| --- |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| EDUCATIONAL CREDIT MGMT CORP | ||||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 411778617 | GUARANTOR | MN | 501(c)(3) | Line 9 | ECMC GROUP INC | false |
| ECMC GROUP INC | ||||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 411991995 | EDUCATION FINANCE | DE | 501(c)(3) | Line 11a, I | NA | false |
Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeType |
|---|---|---|---|---|---|---|---|---|
| PREMIERE CREDIT OF NO AMERICA LLC | ||||||||
| 2002 WELLESLEY BLVD | INDIANAPOLIS | IN | 46219 | 352085743 | Accounts Receivable Mgmt | IN | NA | N/A |
| OAKDALE STUDENT LOAN FUNDING LLC | ||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 271914648 | Holding FFELP Loans | DE | NA | N/A |
Form990 Schedule R Part IV Form990ScheduleRPartIV (7 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity |
|---|---|---|---|---|---|---|---|---|
| OAKDALE INVESTMENT MANAGEMENT CORPORATION | ||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 352085743 | Holding Investments | DE | ECMC GROUP INC | C |
| ECMC HOLDINGS CORPORATION | ||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 411991992 | Strategic Oversight | DE | ECMC GROUP INC | C |
| EDUCATIONAL CREDIT SERVICES CO | ||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 411992001 | Private Loans | DE | NA | C |
| ECMC RECORDS & REC MANAGEMENT CORPORATION | ||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 411989959 | Document Management | DE | NA | C |
| ECMC MANAGEMENT SERVICES CORPORATION | ||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 411989960 | Management Services | DE | NA | C |
| ECMC TECHNOLOGY SERVICES CORPORATION | ||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 411989958 | Technology Services | DE | NA | C |
| ECMC SOLUTIONS CORPORATION | ||||||||
| 1 IMATION PLACE BLDG 2 | OAKDALE | MN | 551283422 | 271854584 | Default Prevention | DE | NA | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| ECMC GROUP INC | ||
| c | 53496229 | Allocation |
| ECMC GROUP INC | ||
| m | 749152 | Allocation |
| ECMC GROUP INC | ||
| o | 123360 | Allocation |
| EDUCATIONAL CREDIT MANAGEMENT CORPORATION | ||
| n | 132972 | Allocation |
Comments