Totals
- Total revenue
- $31,590,718
- Total expenses
- $12,858,781
- Contributions and grants received
- $18,983,184
- Grants paid
- $47,329
- Program services expenses (Part IX)
- $6,734,550
- Management and general expenses
- $6,124,231
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,734,550
Program services were 52.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
DANIEL FISHER
PRESIDENT & CEO, ECMC GROUP
- Total calculated
- $1,395,389
- From this org
- $0
- From related orgs
- $1,268,659
- Other
- $126,730
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $565,637 related
- Bonus
- $0 + $676,489 related
- Other
- $0 + $26,533 related
- Deferred
- $0 + $91,123 related
- Nontaxable benefits
- $0 + $35,607 related
- Filer's total
- $0 + $1,395,389 related
-
JAMES V MCKEON
DIRECTOR
- Total calculated
- $197,500
- From this org
- $0
- From related orgs
- $197,500
- Other
- $0
- Hours/week
- 1 + 16 related
Schedule J breakdown matched by us
- Base
- $0 + $197,500 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $197,500 related
-
DIANA J INGRAM
DIRECTOR
- Total calculated
- $151,250
- From this org
- $0
- From related orgs
- $151,250
- Other
- $0
- Hours/week
- 1 + 11 related
Schedule J breakdown matched by us
- Base
- $0 + $151,250 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $151,250 related
-
JACK O'CONNELL
DIRECTOR
- Total calculated
- $145,000
- From this org
- $0
- From related orgs
- $145,000
- Other
- $0
- Hours/week
- 1 + 9 related
-
JULIA S GOUW
DIRECTOR
- Total calculated
- $155,000
- From this org
- $0
- From related orgs
- $155,000
- Other
- $0
- Hours/week
- 1 + 9 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
-
DEREK LANGHAUSER
DIRECTOR
- Total calculated
- $137,500
- From this org
- $0
- From related orgs
- $137,500
- Other
- $0
- Hours/week
- 1 + 8 related
-
JAMES RUNCIE
DIRECTOR
- Total calculated
- $128,750
- From this org
- $0
- From related orgs
- $128,750
- Other
- $0
- Hours/week
- 1 + 10 related
-
JENNIFER ANDERSON
DIRECTOR
- Total calculated
- $148,750
- From this org
- $0
- From related orgs
- $148,750
- Other
- $0
- Hours/week
- 1 + 9 related
-
K PAUL SINGH
BOARD CHAIR
- Total calculated
- $141,875
- From this org
- $0
- From related orgs
- $141,875
- Other
- $0
- Hours/week
- 1 + 11 related
-
JACOB KASSUBA
VP, CAMPUS OPERATIONS
- Total calculated
- $295,424
- From this org
- $245,835
- From related orgs
- $0
- Other
- $49,589
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,412
- Bonus
- $65,775
- Other
- $1,648
- Deferred
- $11,776
- Nontaxable benefits
- $37,813
- Filer's total
- $295,424
-
JONI KURLAND
VP, ACCRED, LIC & CAMPUS COMPLIANCE
- Total calculated
- $228,924
- From this org
- $216,054
- From related orgs
- $0
- Other
- $12,870
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,000
- Bonus
- $49,500
- Other
- $1,554
- Deferred
- $12,870
- Nontaxable benefits
- $0
- Filer's total
- $228,924
-
BRIAN BOARDMAN
GENERAL COUNSEL & CORP SECRETARY
- Total calculated
- $540,009
- From this org
- $0
- From related orgs
- $453,655
- Other
- $86,354
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $285,326 related
- Bonus
- $0 + $160,921 related
- Other
- $0 + $7,408 related
- Deferred
- $0 + $45,095 related
- Nontaxable benefits
- $0 + $41,259 related
- Filer's total
- $0 + $540,009 related
-
MARTIN SCANLON
CFO & TREASURER
- Total calculated
- $1,023,130
- From this org
- $0
- From related orgs
- $918,311
- Other
- $104,819
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $417,201 related
- Bonus
- $0 + $475,795 related
- Other
- $0 + $25,315 related
- Deferred
- $0 + $74,390 related
- Nontaxable benefits
- $0 + $30,429 related
- Filer's total
- $0 + $1,023,130 related
-
SHARON CLAY
CAMPUS DIRECTOR-THRU 11/23
- Total calculated
- $230,099
- From this org
- $207,143
- From related orgs
- $0
- Other
- $22,956
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $104,492
- Bonus
- $51,324
- Other
- $51,327
- Deferred
- $2,644
- Nontaxable benefits
- $20,312
- Filer's total
- $230,099
-
LYN CROSS
ASSC VP, FIN AID OPS-THRU 11/23
- Total calculated
- $217,039
- From this org
- $187,856
- From related orgs
- $0
- Other
- $29,183
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $89,612
- Bonus
- $30,000
- Other
- $68,244
- Deferred
- $8,415
- Nontaxable benefits
- $20,768
- Filer's total
- $217,039
-
CHRISTIAN JAHNSEN
MGR, CENTRAL REGISTRAR-THRU 7/23
- Total calculated
- $132,821
- From this org
- $120,341
- From related orgs
- $0
- Other
- $12,480
- Hours/week
- 40
-
TIM DENGLER
CAMPUS DIRECTOR-THRU 4/23
- Total calculated
- $126,721
- From this org
- $115,974
- From related orgs
- $0
- Other
- $10,747
- Hours/week
- 40
-
VICTOR CORNIER
PROG CHAIR, SURGICAL TECH-THRU 11/23
- Total calculated
- $132,717
- From this org
- $113,989
- From related orgs
- $0
- Other
- $18,728
- Hours/week
- 40
-
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
-
JOHN F DEPODESTA
FORMER BOARD CHAIR
- 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
-
JEREMY WHEATON
FORMER PRESIDENT & CEO, ECMC GROUP
- Total calculated
- $1,622,127
- From this org
- $0
- From related orgs
- $1,622,127
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $1,622,127 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $1,622,127 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 · 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
- 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. 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 2023, ECMC EDUCATION, INC. PAID TRAVEL EXPENSES FOR AN ECMC EDUCATION, INC. EMPLOYEE'S SPOUSE TO ATTEND A COMPANY-SPONSORED EVENT. THE EXCEPTION TO POLICY WAS APPROVED.
- PART I, LINES 4A-B
- LINE 4A - SEVERANCE OR CHANGE-OF-CONTROL PAYMENT: THE FOLLOWING RECEIVED A SEVERANCE PAYMENT IN 2023: LYN CROSS - $51,423 SHARON CLAY - $48,046 TIM DENGLER - $29,252 CHRISTIAN JAHNSEN - $36,571 VICTOR CORNIER - $22,414 JEREMY WHEATON - $1,500,000 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 2023, DANIEL FISHER AND MARTIN SCANLON PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $32,289 AND $11,248, RESPECTIVELY.
- PART I, LINE 5
- 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
- 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
No itemized grants to organizations on this return.
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.
-
501(C)(3) · EDUCATION FINANCE · DE
-
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
501(C)(3) · GUARANTOR · MN
Directly controlled by ECMC GROUP INC
-
501(C)(3) · PROMOTE EDUCATION · DE
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
Directly controlled by ECMC GROUP INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349311918
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