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Nonprofiteer
← EDUCATIONAL CREDIT MANAGEMENT CORPORATION

Form 990 for tax year 2022

Filed by EDUCATIONAL CREDIT MANAGEMENT CORPORATION.

Totals

Total revenue
$361,979,726
Total expenses
$338,613,468
Contributions and grants received
$2,150,000
Grants paid
$249,820,764
Program services expenses (Part IX)
$295,411,346
Management and general expenses
$43,202,122
Fundraising expenses
$0
Program service expenses (Part III)
$295,411,346

Program services were 87.2% 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
    1 + 17 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
    1 + 10 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
    1 + 8 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
    1 + 7 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
    1 + 11 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
    1 + 10 related

  • DEREK LANGHAUSER

    DIRECTOR

    Total calculated
    $137,500
    From this org
    $0
    From related orgs
    $137,500
    Other
    $0
    Hours/week
    1 + 9 related

  • JENNIFER ANDERSON

    DIRECTOR

    Total calculated
    $132,500
    From this org
    $0
    From related orgs
    $132,500
    Other
    $0
    Hours/week
    1 + 10 related

  • JAMES RUNCIE

    DIRECTOR

    Total calculated
    $127,500
    From this org
    $0
    From related orgs
    $127,500
    Other
    $0
    Hours/week
    1 + 11 related

  • JEREMY J WHEATON

    PRES & CEO-PART YR, SR ADVISOR

    Total calculated
    $1,324,035
    From this org
    $0
    From related orgs
    $1,271,506
    Other
    $52,529
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,446 related
    Bonus
    $0 + $800,000 related
    Other
    $0 + $63,060 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $34,229 related
    Filer's total
    $0 + $1,324,035 related

  • DANIEL S FISHER

    GRP PRES & CEO (EFF 7-3-22)

    Total calculated
    $1,125,940
    From this org
    $0
    From related orgs
    $1,013,493
    Other
    $112,447
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $484,979 related
    Bonus
    $0 + $504,688 related
    Other
    $0 + $23,826 related
    Deferred
    $0 + $78,235 related
    Nontaxable benefits
    $0 + $34,212 related
    Filer's total
    $0 + $1,125,940 related

  • MARTIN A SCANLON

    CFO & TREASURER

    Total calculated
    $948,962
    From this org
    $0
    From related orgs
    $851,966
    Other
    $96,996
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,034 related
    Bonus
    $0 + $412,500 related
    Other
    $0 + $24,432 related
    Deferred
    $0 + $68,435 related
    Nontaxable benefits
    $0 + $28,561 related
    Filer's total
    $0 + $948,962 related

  • CHAD TATE

    ECMC PRESIDENT (EFF 7-3-22)

    Total calculated
    $511,460
    From this org
    $437,075
    From related orgs
    $0
    Other
    $74,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,407
    Bonus
    $132,860
    Other
    $7,808
    Deferred
    $44,364
    Nontaxable benefits
    $30,021
    Filer's total
    $511,460

  • THERESE B BICKLER

    VP, ECMC OPERATIONS

    Total calculated
    $383,979
    From this org
    $316,300
    From related orgs
    $0
    Other
    $67,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,109
    Bonus
    $107,231
    Other
    $4,960
    Deferred
    $37,634
    Nontaxable benefits
    $30,045
    Filer's total
    $383,979

  • PAULA J CRAW

    VP, OUTREACH

    Total calculated
    $298,048
    From this org
    $265,922
    From related orgs
    $0
    Other
    $32,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,494
    Bonus
    $77,952
    Other
    $2,476
    Deferred
    $31,626
    Nontaxable benefits
    $500
    Filer's total
    $298,048

  • BRIAN BOARDMAN

    GRP GENERAL COUNSEL & CORP SEC

    Total calculated
    $458,698
    From this org
    $0
    From related orgs
    $382,212
    Other
    $76,486
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,020 related
    Bonus
    $0 + $110,925 related
    Other
    $0 + $7,267 related
    Deferred
    $0 + $39,552 related
    Nontaxable benefits
    $0 + $36,934 related
    Filer's total
    $0 + $458,698 related

  • NATHAN VICKERY

    SR DIR, REPAYMENT SUCCESS CTR

    Total calculated
    $277,660
    From this org
    $221,609
    From related orgs
    $0
    Other
    $56,051
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,071
    Bonus
    $39,881
    Other
    $657
    Deferred
    $27,588
    Nontaxable benefits
    $28,463
    Filer's total
    $277,660

  • NATE MALMO

    DIR, INTERNAL DEFAULT MGMT

    Total calculated
    $239,649
    From this org
    $186,586
    From related orgs
    $0
    Other
    $53,063
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,923
    Bonus
    $39,750
    Other
    $913
    Deferred
    $22,881
    Nontaxable benefits
    $30,182
    Filer's total
    $239,649

  • J HAMLIN SJOBERG

    SR DIR, GUARANTOR SERVICES

    Total calculated
    $250,746
    From this org
    $211,744
    From related orgs
    $0
    Other
    $39,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,510
    Bonus
    $40,202
    Other
    $2,032
    Deferred
    $25,692
    Nontaxable benefits
    $13,310
    Filer's total
    $250,746

  • JAN JACOBSON

    DIR, CUSTOMER SERVICE

    Total calculated
    $245,703
    From this org
    $196,083
    From related orgs
    $0
    Other
    $49,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,889
    Bonus
    $38,411
    Other
    $1,783
    Deferred
    $22,324
    Nontaxable benefits
    $27,296
    Filer's total
    $245,703

  • HAN CHO

    DIR, PORTFOLIO MANAGEMENT

    Total calculated
    $247,937
    From this org
    $195,005
    From related orgs
    $0
    Other
    $52,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,175
    Bonus
    $38,714
    Other
    $1,116
    Deferred
    $23,854
    Nontaxable benefits
    $29,078
    Filer's total
    $247,937

  • 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

  • GREGORY A VAN GUILDER

    FORMER CFO, GRP CIO

    Total calculated
    $1,443,034
    From this org
    $0
    From related orgs
    $1,343,530
    Other
    $99,504
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $681,535 related
    Bonus
    $0 + $509,800 related
    Other
    $0 + $152,195 related
    Deferred
    $0 + $89,868 related
    Nontaxable benefits
    $0 + $9,636 related
    Filer's total
    $0 + $1,443,034 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 · 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
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related 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
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, LINE 4B
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 AND MARTIN A. SCANLON PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $8,268, $19,135, AND $9,335, RESPECTIVELY.
PART I, LINE 5
COMPENSATION CONTINGENT ON REVENUES OF THE 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 THE 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349316496

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.