Totals
- Total revenue
- $467,330,504
- Total expenses
- $680,177,668
- Contributions and grants received
- $248,434,497
- Grants paid
- $528,902,334
- Program services expenses (Part IX)
- $622,619,613
- Management and general expenses
- $57,558,055
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $622,619,613
Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
JAMES V MCKEON
BOARD CHAIR
- Total calculated
- $196,250
- From this org
- $0
- From related orgs
- $196,250
- Other
- $0
- Hours/week
- 13 + 5 related
Schedule J breakdown matched by us
- Base
- $0 + $196,250 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $196,250 related
-
MAURICE M SALTER
DIRECTOR
- Total calculated
- $157,500
- From this org
- $0
- From related orgs
- $157,500
- Other
- $0
- Hours/week
- 7 + 4 related
Schedule J breakdown matched by us
- Base
- $0 + $157,500 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $157,500 related
-
JULIA S GOUW
DIRECTOR
- Total calculated
- $155,000
- From this org
- $0
- From related orgs
- $155,000
- Other
- $0
- Hours/week
- 5 + 4 related
Schedule J breakdown matched by us
- Base
- $0 + $155,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $155,000 related
-
K PAUL SINGH
DIRECTOR
- Total calculated
- $152,500
- From this org
- $0
- From related orgs
- $152,500
- Other
- $0
- Hours/week
- 4 + 4 related
Schedule J breakdown matched by us
- Base
- $0 + $152,500 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $152,500 related
-
DIANA J INGRAM
DIRECTOR
- Total calculated
- $156,250
- From this org
- $0
- From related orgs
- $156,250
- Other
- $0
- Hours/week
- 8 + 4 related
Schedule J breakdown matched by us
- Base
- $0 + $156,250 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $156,250 related
-
JACK O'CONNELL
DIRECTOR
- Total calculated
- $140,000
- From this org
- $0
- From related orgs
- $140,000
- Other
- $0
- Hours/week
- 6 + 5 related
-
DEREK LANGHAUSER
DIRECTOR
- Total calculated
- $137,500
- From this org
- $0
- From related orgs
- $137,500
- Other
- $0
- Hours/week
- 6 + 4 related
-
JENNIFER ANDERSON
DIRECTOR
- Total calculated
- $132,500
- From this org
- $0
- From related orgs
- $132,500
- Other
- $0
- Hours/week
- 7 + 4 related
-
JAMES RUNCIE
DIRECTOR
- Total calculated
- $127,500
- From this org
- $0
- From related orgs
- $127,500
- Other
- $0
- Hours/week
- 8 + 4 related
-
JEREMY J WHEATON
PRES & CEO-PART YR, SR ADVISOR
- Total calculated
- $1,324,035
- From this org
- $1,271,506
- From related orgs
- $0
- Other
- $52,529
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $408,446
- Bonus
- $800,000
- Other
- $63,060
- Deferred
- $18,300
- Nontaxable benefits
- $34,229
- Filer's total
- $1,324,035
-
DANIEL S FISHER
GRP PRES & CEO (EFF 07-03-22)
- Total calculated
- $1,125,940
- From this org
- $1,013,493
- From related orgs
- $0
- Other
- $112,447
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $484,979
- Bonus
- $504,688
- Other
- $23,826
- Deferred
- $78,235
- Nontaxable benefits
- $34,212
- Filer's total
- $1,125,940
-
MARTIN A SCANLON
CFO & TREASURER
- Total calculated
- $948,962
- From this org
- $851,966
- From related orgs
- $0
- Other
- $96,996
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $415,034
- Bonus
- $412,500
- Other
- $24,432
- Deferred
- $68,435
- Nontaxable benefits
- $28,561
- Filer's total
- $948,962
-
GREGORY A VAN GUILDER
CHIEF INVESTMENT OFFICER
- Total calculated
- $1,443,034
- From this org
- $1,343,530
- From related orgs
- $0
- Other
- $99,504
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $681,535
- Bonus
- $509,800
- Other
- $152,195
- Deferred
- $89,868
- Nontaxable benefits
- $9,636
- Filer's total
- $1,443,034
-
PHILIP BECKER
VP, INVESTMENTS
- Total calculated
- $604,361
- From this org
- $522,808
- From related orgs
- $0
- Other
- $81,553
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $337,849
- Bonus
- $173,750
- Other
- $11,209
- Deferred
- $47,602
- Nontaxable benefits
- $33,951
- Filer's total
- $604,361
-
BRIAN BOARDMAN
GRP GENERAL COUNSEL & CORP SEC
- Total calculated
- $458,698
- From this org
- $382,212
- From related orgs
- $0
- Other
- $76,486
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $264,020
- Bonus
- $110,925
- Other
- $7,267
- Deferred
- $39,552
- Nontaxable benefits
- $36,934
- Filer's total
- $458,698
-
JOSEPH WATT
VP, IMPACT INVESTING
- Total calculated
- $387,127
- From this org
- $349,855
- From related orgs
- $0
- Other
- $37,272
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $246,193
- Bonus
- $102,500
- Other
- $1,162
- Deferred
- $37,272
- Nontaxable benefits
- $0
- Filer's total
- $387,127
-
JOSH SLAYTON
EDU PRES & SVP GRP DEV-PART YR
- Total calculated
- $968,711
- From this org
- $933,694
- From related orgs
- $0
- Other
- $35,017
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,575
- Bonus
- $259,000
- Other
- $519,119
- Deferred
- $16,350
- Nontaxable benefits
- $18,667
- Filer's total
- $968,711
-
SARAH STREHL
CHIEF HUMAN RESOURCES OFFICER
- Total calculated
- $787,648
- From this org
- $693,761
- From related orgs
- $0
- Other
- $93,887
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $326,288
- Bonus
- $344,250
- Other
- $23,223
- Deferred
- $57,405
- Nontaxable benefits
- $36,482
- Filer's total
- $787,648
-
RAHOUL GHOSE
CHIEF INFORMATION OFFICER
- Total calculated
- $737,855
- From this org
- $644,050
- From related orgs
- $0
- Other
- $93,805
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $311,907
- Bonus
- $303,750
- Other
- $28,393
- Deferred
- $56,544
- Nontaxable benefits
- $37,261
- Filer's total
- $737,855
-
HEIDI J JOHNSON
SVP, CHIEF OF STAFF
- Total calculated
- $582,353
- From this org
- $501,978
- From related orgs
- $0
- Other
- $80,375
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $238,516
- Bonus
- $240,500
- Other
- $22,962
- Deferred
- $48,330
- Nontaxable benefits
- $32,045
- Filer's total
- $582,353
-
IRIS CUMBERBATCH
SVP, CORPORATE AFFAIRS
- Total calculated
- $551,267
- From this org
- $489,182
- From related orgs
- $0
- Other
- $62,085
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,646
- Bonus
- $222,000
- Other
- $24,536
- Deferred
- $47,462
- Nontaxable benefits
- $14,623
- Filer's total
- $551,267
-
STEPHEN H HANSEN
VP, INFORMATION TECHNOLOGY
- Total calculated
- $367,404
- From this org
- $303,119
- From related orgs
- $0
- Other
- $64,285
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,059
- Bonus
- $85,995
- Other
- $6,065
- Deferred
- $36,690
- Nontaxable benefits
- $27,595
- Filer's total
- $367,404
-
JOHN MCKENNELL
VP, CHIEF INFORMATION SEC. OFF
- Total calculated
- $358,316
- From this org
- $294,398
- From related orgs
- $0
- Other
- $63,918
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,464
- Bonus
- $81,900
- Other
- $2,034
- Deferred
- $35,582
- Nontaxable benefits
- $28,336
- Filer's total
- $358,316
-
CHRISTOPHER JANZEN
VP, ACADEMIC TECHNOLOGY
- Total calculated
- $353,335
- From this org
- $301,379
- From related orgs
- $0
- Other
- $51,956
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,193
- Bonus
- $87,075
- Other
- $22,111
- Deferred
- $34,416
- Nontaxable benefits
- $17,540
- Filer's total
- $353,335
-
ADAM TRAMPE
VP, DEPUTY GENERAL COUNSEL
- Total calculated
- $374,187
- From this org
- $305,077
- From related orgs
- $0
- Other
- $69,110
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,498
- Bonus
- $87,638
- Other
- $941
- Deferred
- $35,154
- Nontaxable benefits
- $33,956
- Filer's total
- $374,187
-
HUGH E MCSHERRY
VP, CORPORATE SERVICES
- Total calculated
- $371,717
- From this org
- $312,315
- From related orgs
- $0
- Other
- $59,402
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,385
- Bonus
- $86,100
- Other
- $2,830
- Deferred
- $35,263
- Nontaxable benefits
- $24,139
- Filer's total
- $371,717
-
TIFFANY THOMPSON
VP, FINANCE & CONTROLLER
- Total calculated
- $346,354
- From this org
- $309,242
- From related orgs
- $0
- Other
- $37,112
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $213,906
- Bonus
- $93,525
- Other
- $1,811
- Deferred
- $34,862
- Nontaxable benefits
- $2,250
- Filer's total
- $346,354
-
MATTHEW T MIKULSKI
VP, INTERNAL AUDIT
- Total calculated
- $346,339
- From this org
- $289,044
- From related orgs
- $0
- Other
- $57,295
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $204,849
- Bonus
- $81,000
- Other
- $3,195
- Deferred
- $34,874
- Nontaxable benefits
- $22,421
- Filer's total
- $346,339
-
BRUCE FEIST
VP, APPLICATIONS & ANALYTICS
- Total calculated
- $378,124
- From this org
- $308,887
- From related orgs
- $0
- Other
- $69,237
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $283,096
- Bonus
- $24,134
- Other
- $1,657
- Deferred
- $37,148
- Nontaxable benefits
- $32,089
- Filer's total
- $378,124
-
AARON WOODRICH
SR DIR, INFORMATION TECHNOLOGY
- Total calculated
- $305,761
- From this org
- $240,392
- From related orgs
- $0
- Other
- $65,369
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,733
- Bonus
- $44,708
- Other
- $951
- Deferred
- $27,722
- Nontaxable benefits
- $37,647
- Filer's total
- $305,761
-
DEAN J VANDECOEVERING
SR DIR, FINANCIAL PLANNING
- Total calculated
- $301,889
- From this org
- $258,967
- From related orgs
- $0
- Other
- $42,922
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,789
- Bonus
- $49,815
- Other
- $1,363
- Deferred
- $31,287
- Nontaxable benefits
- $11,635
- Filer's total
- $301,889
-
SARA HEGG
DIR, TOTAL REWARDS & PAYROLL
- Total calculated
- $301,051
- From this org
- $237,778
- From related orgs
- $0
- Other
- $63,273
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,450
- Bonus
- $71,500
- Other
- $1,828
- Deferred
- $29,308
- Nontaxable benefits
- $33,965
- Filer's total
- $301,051
-
CHRISTINE NOEL
GOVERNMENT AFFAIRS DIRECTOR
- Total calculated
- $290,986
- From this org
- $238,862
- From related orgs
- $0
- Other
- $52,124
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,276
- Bonus
- $43,968
- Other
- $1,618
- Deferred
- $27,136
- Nontaxable benefits
- $24,988
- Filer's total
- $290,986
-
TROY GUNDERMAN
DIR, LITIGATION
- Total calculated
- $291,612
- From this org
- $235,833
- From related orgs
- $0
- Other
- $55,779
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,652
- Bonus
- $46,521
- Other
- $660
- Deferred
- $28,664
- Nontaxable benefits
- $27,115
- Filer's total
- $291,612
-
JOHN F DEPODESTA
FORMER BOARD CHAIR
- Total calculated
- $75,000
- From this org
- $0
- From related orgs
- $75,000
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $75,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $75,000 related
-
ROBERTA COOPER RAMO
FORMER DIRECTOR
- Total calculated
- $60,000
- From this org
- $0
- From related orgs
- $60,000
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $60,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $60,000 related
-
I KING JORDAN
FORMER DIRECTOR
- Total calculated
- $30,000
- From this org
- $0
- From related orgs
- $30,000
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $30,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $30,000 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
Answered no
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- TRAVEL FOR COMPANIONS ECMC GROUP, INC.'S TRAVEL POLICY HAD AN EXCEPTION THAT WAS APPROVED BY THE CFO (AND DEVIATIONS FROM ANY PROVISION OF THE POLICY MUST BE APPROVED IN WRITING BY AN OFFICER IN CONJUNCTION WITH THE ECMC GROUP, INC. CFO). IN 2022, ECMC GROUP, INC. PAID TRAVEL EXPENSES FOR AN ECMC GROUP, INC. EMPLOYEE'S SPOUSE TO ATTEND A COMPANY-SPONSORED EVENT. THE EXCEPTION TO POLICY WAS APPROVED. FIRST-CLASS OR CHARTER TRAVEL ECMC GROUP, INC.'S TRAVEL POLICY REQUIRES THAT THE LEAST COSTLY CLASS OF AIRFARE BE UTILIZED WHENEVER POSSIBLE. DUE TO A LACK OF FLIGHT AVAILABILITY AND SCHEDULE RESTRICTIONS, ECMC GROUP, INC. PAID FOR ONE FIRST CLASS SEAT FOR A KEY EMPLOYEE IN ONE INSTANCE IN 2022 FOR MEDICAL PURPOSES. 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.
- PART I, LINES 4A-B
- SEVERANCE OR CHANGE-OF-CONTROL PAYMENT THE FOLLOWING RECEIVED A SEVERANCE PAYMENT IN 2022: JOSH SLAYTON - $486,529 SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ECMC GROUP, INC. MAINTAINS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DESCRIBED IN SECTION 457(F), AND A SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP), TO ATTRACT AND RETAIN EMPLOYEES, TYPICALLY IN MANAGEMENT POSITIONS. IN 2022, GREGORY A. VAN GUILDER, DANIEL S. FISHER, MARTIN A. SCANLON, AND SARAH STREHL PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $8,268, $19,135, $9,335 AND $255, RESPECTIVELY.
- PART I, LINE 5
- 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.
- PART I, LINE 6
- 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.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$51,572,000
GENERAL SUPPORT
-
$26,296,902
GENERAL SUPPORT
-
UNIVERSITY OF MINNESOTA FOUNDATION
$147,500
JOHN DEPODESTA LEADERSHIP PROGRAM
-
$106,500
ESTABLISH ENDOWED LECTURE IN NONPROFITS
-
$45,000
PROGRAM SPONSORSHIP
-
CRISTO REY CORPORATE INTERNSHIP
$36,500
WORK STUDY PROGRAM SPONSORSHIP
-
$35,300
PROGRAM SPONSORSHIP
-
GENERAL SUPPORT
-
$20,000
UKRAINE RELIEF
-
GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
EDUCATIONAL CREDIT MANAGEMENT CORP
501(C)(3) · FFELP GUARANTOR · MN · controlled entity
Directly controlled by ECMC GROUP INC
-
501(C)(3) · PROMOTE EDUCATION · DE · controlled entity
Directly controlled by ECMC GROUP INC
-
501(C)(3) · CAREER COLLEGES · DE · controlled entity
Directly controlled by ECMC GROUP INC
-
ECMC REVENUE MANAGEMENT CORPORATION
501(C)(3) · STUDENT LOAN DEFAULT RESOLUTION · DE
Directly controlled by EDUCATIONAL CREDIT MANAGEMENT CORPORATION
-
501(C)(3) · STUDENT LOAN REPAYMENT SERVICES · DE · controlled entity
Directly controlled by ECMC GROUP INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349316583
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.