2011-08-10T12:57:07-07:00 2010-12-31 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2010-01-01 411990628 ECMC FOUNDATION ECMC 6512210566 1 IMATION PLACE BUILDING 2 SAINT PAUL MN 55128 GREGORY VANGUILDER 6512210566 2011-08-10 LAWRENCE H MOHR CPA 6128764500 2010 2016-02-24 21:20:13Z RICHARD BOYLE 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 2691247 false X www.ecmcfoundation.org X 2000 DE ECMC Foundation helps low-income, first generation students gain access to and succeed in college. Of expenditures, 97.4% go directly to programs and only 2.6% are allocated to administrative costs. Note: Directors and executives are not compensated by the Foundation. 8 7 0 30 0 2400209 2690208 0 9339 1039 0 2409548 2691247 696500 721750 0 771198 724583 0 0 523850 370914 1991548 1817247 418000 874000 4452783 5477333 682177 832727 3770606 4644606 X ECMC Foundation helps people of all ages further their higher education goals focusing on false false 926670 686000 ECMC SCHOLARS: 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 $9 MILLION IN SCHOLARSHIPS TO 1,530 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. 553419 9000 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. THERE ARE CURRENTLY FOUR COLLEGE ACCESS CENTERS-TWO CENTERS IN VIRGINIA, ONE CENTER EACH IN OREGON AND CONNECTICUT. IN 2010, NEARLY 10,000 PEOPLE WERE ASSISTED IN THE CENTERS. THE CENTERS HAVE ASSISTED OVER 40,000 PEOPLE SINCE THE INCEPTION OF THE PROGRAM. 135219 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 AND DISTRIBUTED NATIONALLY. ECMC FOUNDATION SPONSORED THREE TRAINING S 154083 26750 Realizing the College Dream, PERSIST and Other programs are described on Schedule O. 154083 26750 1769391 true true false false false false false false false false false false false true false false true false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true X 7 0 true 0 false false false false false false false false false false X 8 7 false false false false true true true true true false false true true true true true true true true false NM OR X GREGORY VANGUILDER 6512210566 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 X ROBERT STEIN 1.00 X 0 85095 0 GARY COOK 1.00 X 0 78595 0 ROBERTA COOPER RAMO 2.00 X 0 74595 0 JOHN DEPODESTA 1.00 X 0 90095 0 EDWARD JENNINGS 1.00 X 0 68595 0 I KING JORDAN 1.00 X 0 74095 0 JAMES MCKEON 1.00 X 0 67095 0 RICHARD BOYLE 2.00 X X 0 1032758 66669 GREGORY VANGUILDER 1.00 X 0 458634 53397 STEVEN WELLVANG 1.00 X 0 507669 57225 MARCH KESSLER 39.00 X 0 175512 24075 JAMES MURRAY 0.00 X 0 42575 0 2755313 201366 0 true true false 0 2690208 2690208 1039 1039 2691247 1039 26500 26500 695250 695250 177061 162272 14789 0 435054 431521 3533 0 34719 34437 282 0 51107 50691 416 0 26642 26426 216 0 431 297 134 0 2867 388 2479 0 129259 129090 169 0 946 946 0 0 94109 72196 21913 0 6523 5772 751 0 38305 37288 1017 0 43440 43428 12 0 2414 2413 1 0 6289 6122 167 0 Usage fee on shared assets 44457 43277 1180 0 Miscellaneous 1874 1077 797 0 1817247 1769391 47856 0 284093 171322 4045471 5131313 123219 174698 4452783 5477333 742 125699 561422 665746 120013 41282 682177 832727 X 12606 12606 3758000 4632000 3770606 4644606 4452783 5477333 874000 X false true true X false X X X false false false EDU CREDIT MGMT CORP 411778617 9 true true true 1817247 1 1817247 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Due to ECMC Group, Inc. 41282 41282 true WESTERN OREGON UNIVERSITY 345 NORTH MONMOUTH AVE MONMOUTH OR 97361 936033807 501(c)(3) 25000 Leadership Conf 1 0 ECMC Scholars Scholarships 223 686000 The College Place Scholarships 10 9000 STAR Scholarships 1 250 Pt I Line 2 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. 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 which do not require monitoring. X X X X false true false false true false true false false RICHARD BOYLE 469631 370500 192627 51825 14844 1099427 GREGORY VANGUILDER 266269 183264 9101 34743 18654 512031 STEVEN WELLVANG 304269 186757 16643 36571 20654 564894 MARCH KESSLER 127020 38550 9942 17540 6535 199587 JAMES MURRAY 42575 42575 Pt I Line 5b THE COMPENSATION DESCRIPTIONS THAT FOLLOW ARE RELATED TO COMPENSATION NOT PAID BY ECMC FOUNDATION. PER THE FORM 990 INSTRUCTIONS, ECMC FOUNDATION IS REQUIRED TO PROVIDE COMPENSATION INFORMATION FROM RELATED ORGANIZATIONS (I.E., ECMC AND ECMC GROUP). THESE DESCRIPTIONS ARE RELATED TO COMPENSATION PAID BY ECMC AND ECMC GROUP. Pt I Line 4b Richard Boyle is not compensated by ECMC Foundation. Richard Boyle participated in a 457 (f) Plan and received an employer contribution from ECMC Group. Pt I Line 5b ECMC FOUNDATION DOES NOT MAKE PAYMENTS FOR THE ANNUAL OFFICER INCENTIVE PLAN; THESE PAYMENTS ARE MADE BY ECMC GROUP/ECMC. ECMC GROUP'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 ECMC Foundation does not make payments for the annual officer incentive plan; these payments are made by ECMC Group/ECMC. ECMC Group's annual officer incentive plan requires achievement of stated key performance metrics, which includes net earnings before any payment to any officer is made. 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. 97.4% of all Foundation expenditures, go directly to programs in support of its mission and only 2.6% are allocated to administrative costs. ECMC Foundation is funded by ECMC Group. For more information, visit www.ecmcfoundation.org. Pt I, Line 6 Volunteers: Thirty volunteers provided 1,663 hours of service at the 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 4d Other program services: 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 Form 990, Part III, Line 4d REALIZING THE COLLEGE DREAM, PERSIST AND OTHER PROGRAMS 154083. 26750. 0. 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 and distributed nationally. According to a usage study conducted by the Pell Institute, the materials could potentially be having an affect on the lives of hundreds of thousands of students. ECMC Foundation sponsored three training sessions during 2010 in which 320 education professionals were trained. - PERSIST: PERSIST is a guide for postsecondary educators 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. - Other programs: Miscellaneous programs and activities for the furtherance of educational opportunities through grants, awards and research on the management of educational debt. Expenses: $154,083 including grants of $26,750. Revenue $0 - Pt V, Line 2a ECMC Foundation does not have any employees. ECMC Foundation incurs costs for services and resources provided by employees of related organizations (i.e., ECMC and ECMC Group). ECMC has six employees who are dedicated full-time to ECMC Foundation. As needed, other ECMC and ECMC Group employees provide support services to ECMC Foundation. These services are accounted for as expenses based on time spent providing the services. - Pt VI-A, 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-A, 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-A, Line 7b ECMC Group, Inc., the sole member of ECMC Foundation, has the following rights with respect to ECMC Foundation: 1. To authorize amendments to the certificates 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-B, 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 after it has been filed. Pt VI-B, 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 Chairman. 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-B, 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-B, Line 15 The following describes the ECMC and ECMC Group executive compensation methodology. Note: ECMC Foundation does not compensate executive officers. - The Governance & Compensation Committee of the ECMC Group Board of Directors is wholly comprised of independent, outside directors. In 2010, the Committee worked with executive compensation experts from Towers Watson, a global compensation consulting organization, to identify appropriate CEO and senior executive compensation packages and provide a written opinion on the reasonableness of this compensation. ECMC Group is comprised of both nonprofit and for-profit entities. The market analysis performed by Towers Watson includes salary and incentive data from an appropriate peer group. - Pt VI-C, Line 17 States to file Form 990: New Mexico & Oregon - Pt VI-C, 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. Per the Form 990 Instructions, ECMC Foundation is required to provide the hours worked by ECMC Foundation Directors for ECMC Foundation, ECMC, ECMC Group and other related organizations. See details below: Robert Stein-related orgs=13 hrs/wk, Foundation=1 hr/wk, total=14 hrs/wk Gary Cook-related orgs=8 hrs/wk, Foundation=1 hr/wk, total=9 hrs/wk Roberta Cooper Ramo-related orgs=7 hrs/wk, Foundation=2 hr/wk, total=9 hrs/wk John DePodesta-related orgs=15 hrs/wk, Foundation=1 hr/wk, total=16 hrs/wk Edward Jennings-related orgs=8 hrs/wk, Foundation=1 hr/wk, total=9 hrs/wk I. King Jordan-related orgs=7 hrs/wk, Foundation=1 hr/wk, total=8 hrs/wk James McKeon-related orgs=8 hrs/wk, Foundation=1 hr/wk, total=9 hrs/wk - The officers of ECMC Foundation and key employee listed below 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. Per the Form 990 Instructions, ECMC Foundation is required to provide the hours worked by the officers of ECMC Foundation for ECMC Foundation, ECMC, ECMC Group and other related organizations. See details below: - Richard Boyle-related orgs=80 hrs/wk, Foundation=2 hr/wk, total=82 hrs/wk Gregory VanGuilder-related orgs=61 hrs/wk, Foundation=1 hr/wk, total=62 hrs/wk Steven Wellvang-related orgs=43 hrs/wk, Foundation=1 hr/wk, total=44 hrs/wk March Kessler-related orgs=5 hrs/wk, Foundation=39 hr/wk, total=44 hrs/wk EDUCATIONAL CREDIT MGMT CORP 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411778617 GUARANTOR MN 501(c)(3) Line 9 false ECMC GROUP INC 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411991995 EDUCATION FINANCE DE 501(c)(3) Line 11a, I false PREMIERE CREDITN AMERICA LLC 2002 WELLESLEY BLVD INDIANAPOLIS IN 46219 352085743 Accounts Receivable Mgmt IN ECMC HLNGS CORP false false 1.00000 ECMC HOLDINGS CORPORATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411991992 Strategic Oversight DE ECMC GROUP INC C 0.00000 OAKDALE STUDENT LOAN FUNDING 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 271914648 Holding FFELP Loans DE ECMC GROUP INC C 0.00000 EDUCATIONAL CREDIT SERVICES CO 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411992001 PRIVATE LOANS DE ECMC HLDNGS CORP C 0.00000 ECMC RECORDS & REC MANAGEMENT CORP 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411989959 Document Management DE ECMC HLDNGS CORP C 0.00000 ECMC MANAGEMENT SERVICES CORP 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411989960 Management Services DE ECMC HLDNGS CORP C 0.00000 ECMC TECHNOLOGY SERVICES CORP 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 411989958 Technology Services DE ECMC HLDNGS CORP C 0.00000 ECMC SOLUTIONS CORPORATION 1 IMATION PLACE BLDG 2 OAKDALE MN 55128 271854584 Default Prevention DE ECMC HLDNGS CORP C 0.00000 false false true false false false false false false false false false true true true false false false ECMC GROUP INC c 2690208 Allocation ECMC GROUP INC m 100815 Allocation EDUCATIONAL CREDIT MANAGEMENT CORPORATION m 304687 Allocation EDUCATIONAL CREDIT MANAGEMENT CORPORATION n 366253 Allocation EDUCATIONAL CREDIT MANAGEMENT CORPORATION o 59843 Allocation