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Nonprofiteer
← ECMC FOUNDATION

Form 990 for tax year 2023

Filed by ECMC FOUNDATION.

Totals

Total revenue
$58,219,618
Total expenses
$65,662,081
Contributions and grants received
$58,528,000
Grants paid
$53,246,731
Program service revenue
$0
Investment income
-$310,916
Other revenue
$2,534
Total assets, end of year
$1,698,761,256
Total liabilities, end of year
$38,678,777
Net assets or fund balances, end of year
$1,660,082,479
Program services expenses (Part IX)
$60,492,093
Management and general expenses
$5,169,988
Fundraising expenses
$0
Program service expenses (Part III)
$60,492,093

Program services were 92.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $58,528,000

  • 3 · Investment income

    total $514,084 · excluded $514,084

  • 7b · Less cost or other basis and sales expenses

    other assets $825,000

  • 7c · Gain or loss

    other assets -$825,000

  • 7d · Net gain or loss

    total -$825,000 · excluded -$825,000

  • 11a · Other revenue: INTERCOMPANY SERVICING

    total $2,534 · excluded $2,534

  • 11e · Other revenue, total

    $2,534

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,246,731 · program services $53,246,731

  • 5 · Compensation of officers, directors and key employees

    total $1,452,546 · management and general $1,452,546

  • 7 · Other salaries and wages

    total $5,481,785 · program services $5,296,223 · management and general $185,562

  • 8 · Pension plan contributions

    total $225,314 · program services $217,687 · management and general $7,627

  • 9 · Other employee benefits

    total $490,075 · program services $473,486 · management and general $16,589

  • 10 · Payroll taxes

    total $296,941 · program services $286,889 · management and general $10,052

  • 11b · Fees: legal

    total $349,091 · management and general $349,091

  • 11c · Fees: accounting

    total $45,405 · management and general $45,405

  • 11f · Fees: investment management

    total $555 · management and general $555

  • 11g · Fees: other

    total $2,228,398 · management and general $2,228,398

  • 13 · Office expenses

    total $357,018 · program services $299,760 · management and general $57,258

  • 14 · Information technology

    total $284,439 · program services $236,884 · management and general $47,555

  • 16 · Occupancy

    total $356,858 · program services $297,195 · management and general $59,663

  • 17 · Travel

    total $565,862 · management and general $565,862

  • 19 · Conferences, conventions and meetings

    total $69,634 · program services $57,992 · management and general $11,642

  • 22 · Depreciation, depletion and amortization

    total $95,155 · program services $79,246 · management and general $15,909

  • 23 · Insurance

    total $78,641 · management and general $78,641

  • 24a · Other expenses: FILING FEES

    total $50 · management and general $50

  • 24e · All other expenses

    total $37,583 · management and general $37,583

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,169,887 · end of year $5,267,446

  • 4 · Accounts receivable

    beginning of year $630 · end of year $21,012

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $2,183

  • 10a · Land, buildings and equipment: cost or other basis

    $236,540

  • 10b · Land, buildings and equipment: accumulated depreciation

    $134,954

  • 10c · Land, buildings and equipment, net

    beginning of year $134,454 · end of year $101,586

  • 12 · Investments: other securities

    beginning of year $1,552,643,281 · end of year $1,679,288,242

  • 13 · Investments: program-related

    beginning of year $9,944,019 · end of year $13,247,727

  • 15 · Other assets

    beginning of year $1,029,208 · end of year $833,060

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,114,812 · end of year $2,298,440

  • 18 · Grants payable

    beginning of year $26,949,951 · end of year $34,981,745

  • 25 · Other liabilities

    beginning of year $1,118,967 · end of year $1,398,592

  • 27 · Net assets without donor restrictions

    beginning of year $1,546,737,749 · end of year $1,660,082,479

Mission and programs · 2023

Mission

ECMC FOUNDATION IS A NATIONALLY FOCUSED FOUNDATION WHOSE MISSION IS TO IMPROVE HIGHER EDUCATION FOR CAREER SUCCESS AMONG UNDERSERVED POPULATIONS THROUGH EVIDENCE-BASED INNOVATION.

Activities or mission (Part I)

ECMC FOUNDATION IS A NATIONALLY FOCUSED FOUNDATION WHOSE MISSION IS TO IMPROVE HIGHER EDUCATION FOR CAREER SUCCESS AMONG UNDERSERVED POPULATIONS THROUGH EVIDENCE-BASED INNOVATION. ECMC FOUNDATION MAKES INVESTMENTS TO REMOVE BARRIERS TO POSTSECONDARY COMPLETION; BUILD THE CAPACITY OF ORGANIZATIONS, INSTITUTIONS AND SYSTEMS; AND TRANSFORM THE POSTSECONDARY ECOSYSTEM USING A SPECTRUM OF FUNDING STRUCTURES, INCLUDING STRATEGIC GRANTMAKING AND PROGRAM-RELATED INVESTMENTS, TO SUPPORT BOTH NONPROFIT AND FOR-PROFIT VENTURES.

  • STRATEGICALLY RESPONSIVE GRANTMAKING:ECMC FOUNDATION AIMS TO DRIVE SYSTEMIC CHANGE, GETTING AT THE ROOT CAUSES OF COMPLEX CHALLENGES IN HIGHER EDUCATION, NOT JUST THE SYMPTOMS. THIS MAY MEAN TACKLING THE BIASES, INSTITUTIONAL, SYSTEM-LEVEL OR STATE OR FEDERAL POLICIES, RESOURCE ALLOCATION AND FLOWS, AND FINANCIAL AND LIFE CIRCUMSTANCES THAT CREATE BARRIERS TO SUCCESS FOR UNDERSERVED LEARNERS.IN ADDITION TO THE FIVE PRIMARY PROGRAM INITIATIVES, ECMC FOUNDATION MAKES GRANTS AND INVESTMENTS THROUGH AN OPEN LETTER OF INQUIRY PROCESS. AS ECMC FOUNDATION PURSUES SYSTEMIC CHANGE IN THE POSTSECONDARY ECOSYSTEM, IT REMAINS COMMITTED TO FUNDING EVIDENCE-BASED INNOVATION WITH THE FLEXIBILITY TO ADAPT AS THE HIGHER EDUCATION LANDSCAPE EVOLVES. ECMC FOUNDATION RESERVES FUNDING FOR PROJECTS THAT DO NOT FIT WITHIN ONE OF THE ESTABLISHED INITIATIVES BUT ARE CONNECTED TO ONE OR MORE OF ITS STRATEGIC PRIORITIES.

    Expenses $37,746,755 · Grants $33,355,839

  • BASIC NEEDS:THE BASIC NEEDS INITIATIVE FOCUSES ON PROVIDING ACCESS TO BASIC NEEDS, SUCH AS FOOD, HOUSING, CHILDCARE, MENTAL HEALTH, FINANCIAL ASSISTANCE AND TRANSPORTATION, WHICH IS CRITICAL FOR ENSURING STRONG ACADEMIC PERFORMANCE, INCREASING PERSISTENCE AND GRADUATION, AND IMPROVING WELLBEING AMONG STUDENTS IN POSTSECONDARY EDUCATION. THE BASIC NEEDS INITIATIVE DEVELOPED A NEW STRATEGY AND PRODUCED A THEORY OF ACTION TO REALIZE AN AMBITIOUS GOAL TO DECREASE THE PERCENTAGE OF POSTSECONDARY STUDENTS EXPERIENCING BASIC NEEDS INSECURITY BY 10% BY 2033. THE BASIC NEEDS INITIATIVE NOW PRIORITIZES FUNDING HIGH-IMPACT SOLUTIONS WITHIN THREE STRATEGIC AREAS: GROWING DATA CAPACITY, SCALING EFFECTIVE PRACTICES AND INFORMING POLICY REFORM.

    Expenses $5,683,113 · Grants $5,262,688

  • SINGLE MOTHER STUDENT SUCCESS:THE SINGLE MOTHER STUDENT SUCCESS INITIATIVE ENSURES THAT SINGLE MOTHERS CAN PURSUE THEIR EDUCATIONAL DREAMS AND PRODUCE MEASURABLE PROGRESS ON RACIAL AND GENDER EQUITY, NOT JUST IN HIGHER EDUCATION, BUT IN SOCIETY AS A WHOLE, REDUCING POVERTY AND BOOSTING ECONOMIC MOBILITY. ELEMENTS OF ECMC FOUNDATION'S STRATEGY INCLUDE CONDUCTING RESEARCH TO BETTER UNDERSTAND THE EXPERIENCE OF SINGLE MOTHER STUDENTS, BUILDING THE CAPACITY OF COMMUNITY COLLEGES TO PROVIDE MORE COMPREHENSIVE SERVICES, EXPANDING PARTNERSHIPS WITH COMMUNITY-BASED ORGANIZATIONS AND BUILDING PUBLIC WILL FOR SINGLE MOTHER STUDENT SUCCESS THROUGH INCREASED AWARENESS OF SUPPORTIVE STRATEGIES AND POLICIES. IN 2023, ECMC FOUNDATION MADE 12 GRANTS TOTALING $4.9 MILLION.

    Expenses $5,373,217 · Grants $4,986,069

  • MEN OF COLOR:THE MEN OF COLOR INITIATIVE IS COMMITTED TO BRINGING FOCUS TO COLLEGES AND UNIVERSITIES ADOPTING DATA-INFORMED AND EQUITY-CENTERED PROGRAMS AND PRACTICES TO BETTER SERVE COLLEGE STUDENTS WHO ARE MEN OF COLOR. THE INITIATIVE AIMS TO STRENGTHEN PROGRAMS AND IMPROVE STUDENT OUTCOMES, PROMOTE CULTURE CHANGE IN HIGHER EDUCATION INSTITUTIONS AND ADVANCE FIELD-BUILDING EFFORTS TO INFORM AND ADDRESS EQUITY GAPS. THE INITIATIVE'S FIRST YEAR INCLUDED EXTENSIVE STRUCTURING AND STRATEGIZING AS ECMC FOUNDATION FUNDED INNOVATIVE NEW PROJECTS.

    Expenses $4,271,979 · Grants $3,878,975

  • CAREER AND TECHNICAL EDUCATION LEADERSHIP COLLABORATIVE (CTE LC):THE CTE LC INITIATIVE IS COMMITTED TO BRINGING TOGETHER DIVERSE PERSPECTIVES AND EQUIPS POSTSECONDARY CAREER AND TECHNICAL EDUCATION LEADERS WITH THE TOOLS, RESOURCES AND SKILLS NEEDED TO ADVANCE THE FIELD. THROUGH GRANTS MADE TO LEADING ORGANIZATIONS AND INSTITUTIONS, ECMC FOUNDATION-FUNDED FELLOWSHIP PROGRAMS OFFER PROFESSIONAL DEVELOPMENT TO LEADERS KNOWN AS ECMC FOUNDATION FELLOWS (FELLOWS), INCLUDING IN-PERSON AND VIRTUAL EVENTS; WRITING AND PRESENTING OPPORTUNITIES; AND CAPSTONE PROJECTS. IN 2023, THE CTE LC FELLOW COMMUNITY GREW TO MORE THAN 300 FELLOWS. ECMC FOUNDATION ALSO BEGAN THE FELLOW SPOTLIGHT SERIES, WHICH SHOWCASES PAST AND CURRENT FELLOWS' ONGOING ENGAGEMENT WITH POSTSECONDARY CTE AND THEIR DIVERSE PERSPECTIVES ON THE FIELD. THE CTE LC INCLUDES THE ANNUAL CTE LC CONVENING, WHERE FELLOWS MEET TO LEARN AND INNOVATE TOGETHER, ENHANCING ON-THE-JOB PERFORMANCE AND POTENTIAL FOR PROMOTIONS, PUBLICATIONS, AND OTHER PROFESSIONAL ACHIEVEMENTS.

    Expenses $2,384,987 · Grants $1,999,160

  • TRANSFER AND CREDIT MOBILITY:THE TRANSFER AND CREDIT MOBILITY INITIATIVE IDENTIFIES AND SUPPORTS EFFECTIVE AND EQUITABLE TRANSFERS OF CREDITS BETWEEN AND AMONG ALL POSTSECONDARY EDUCATION INSTITUTIONS, INCLUDING CAREER AND TECHNICAL EDUCATION PROGRAMS, COMMUNITY COLLEGES AND FOUR-YEAR INSTITUTIONS. THE TRANSFER AND CREDIT MOBILITY INITIATIVE GREW OUT OF ECMC FOUNDATION'S PREVIOUS CATALYZING TRANSFER INITIATIVE THAT TACKLED ISSUES OF STUDENT AND CREDIT MOBILITY, TOTALING $23 MILLION BETWEEN 2015 AND 2022. THE INITIATIVE MAKES GRANTS IN THREE KEY AREAS: TECHNOLOGY-ENABLED SOLUTIONS (INCLUDING MACHINE LEARNING AND ARTIFICIAL INTELLIGENCE) THAT GIVE STUDENTS GREATER AGENCY IN INITIATING AND MANAGING THEIR EDUCATIONAL JOURNEY, INSTITUTIONAL INCENTIVES THAT CREATE POSITIVE TRANSFER-AFFIRMING CAMPUS CULTURES AND EFFECTIVE STATE POLICYMAKING THAT BETTER SUPPORT TRANSFER STUDENTS.

    Expenses $2,248,917 · Grants $1,814,000

  • EDUCATION INNOVATION VENTURES:EDUCATION INNOVATION VENTURES (EIV) MAKES BELOW-MARKET-RATE INVESTMENTS INTO NONPROFIT AND FOR-PROFIT VENTURES THAT SEEK TO GENERATE BOTH SOCIAL IMPACT AND FINANCIAL RETURNS. COMPLEMENTING ECMC FOUNDATION'S STRATEGIC GRANTMAKING, THE EIV PROGRAM USES A FULL SPECTRUM OF PROGRAM-RELATED INVESTMENTS, INCLUDING DEBT AND EQUITY INSTRUMENTS, TO PROVIDE CATALYTIC, RISK CAPITAL TO EARLY-STAGE VENTURES WORKING TO INCREASE POSTSECONDARY EDUCATIONAL OUTCOMES AND ECONOMIC MOBILITY AMONG LEARNERS AND JOBSEEKERS FROM SYSTEMICALLY DISADVANTAGED BACKGROUNDS. FINANCIAL RETURNS ARE REINVESTED INTO ADDITIONAL PROGRAM-RELATED INVESTMENTS, ALLOWING ECMC FOUNDATION TO RECYCLE INVESTMENT DOLLARS TO FUND FURTHER IMPACT INITIATIVES AND DRIVE CHANGES IN ECONOMIC MOBILITY FOR LEARNERS AND JOBSEEKERS. IN 2023, EIV INVESTED NEARLY $3.9 MILLION ACROSS 8 PRE-SEED AND SEED-STAGE VENTURES, 1 NONPROFIT AND 2 FUNDS WORKING TO REMOVE FINANCIAL BARRIERS FOR STUDENTS.

    Expenses $1,783,125 · Grants $950,000

  • GO! PROGRAM: ECMC FOUNDATION AWARDS GRANTS TO THE GENERATING OUTCOMES (GO!) PROGRAM, A CORPORATE INITIATIVE TO FUND EDUCATION INNOVATION BY FUNDING IDEAS AND PARTNERSHIPS THAT CAN BE EXAMINED FOR EFFECTIVENESS IN THE LOCAL COMMUNITIES OF THE ECMC GROUP, INC. EMPLOYEES. TO QUALIFY FOR PAYMENT OF A GO! PROGRAM GRANT, THE AWARDED RECIPIENT MUST BE A THIRD-PARTY NONPROFIT ENTITY OR A GOVERNMENTAL PARTNER, SUCH AS PUBLIC SCHOOLS, AND EXPEND THE GRANT AWARD FOR THE PURPOSE DESIGNATED IN THE RECIPIENT'S GRANT PROPOSAL. IN 2023, ECMC FOUNDATION AWARDED GRANTS RANGING FROM $5,000 TO $20,000 EACH TO 98 ORGANIZATIONS FOR A TOTAL OF $1 MILLION.

    Expenses $1,000,000 · Grants $1,000,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

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

  • PETER TAYLOR

    PRESIDENT, ECMC FOUNDATION-PART YEAR

    Total calculated
    $576,145
    From this org
    $447,382
    From related orgs
    $0
    Other
    $128,763
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,851
    Bonus
    $100,000
    Other
    $204,531
    Deferred
    $112,580
    Nontaxable benefits
    $16,183
    Filer's total
    $576,145

  • JAMES V MCKEON

    BOARD CHAIR

    Total calculated
    $197,500
    From this org
    $0
    From related orgs
    $197,500
    Other
    $0
    Hours/week
    2 + 15 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
    2 + 10 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
    2 + 8 related

  • JULIA S GOUW

    DIRECTOR

    Total calculated
    $155,000
    From this org
    $0
    From related orgs
    $155,000
    Other
    $0
    Hours/week
    2 + 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

  • DEREK LANGHAUSER

    DIRECTOR

    Total calculated
    $137,500
    From this org
    $0
    From related orgs
    $137,500
    Other
    $0
    Hours/week
    2 + 7 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
    2 + 8 related

  • K PAUL SINGH

    DIRECTOR

    Total calculated
    $141,875
    From this org
    $0
    From related orgs
    $141,875
    Other
    $0
    Hours/week
    2 + 10 related

  • 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

  • JACOB FRAIRE

    PRESIDENT, ECMC FOUNDATION

    Total calculated
    $495,830
    From this org
    $433,420
    From related orgs
    $0
    Other
    $62,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $416,105
    Bonus
    $0
    Other
    $17,315
    Deferred
    $42,941
    Nontaxable benefits
    $19,469
    Filer's total
    $495,830

  • LYNN ALVAREZ

    VP, FOUNDATION PROGRAMS & STRATEGY

    Total calculated
    $380,571
    From this org
    $324,967
    From related orgs
    $0
    Other
    $55,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,779
    Bonus
    $0
    Other
    $4,188
    Deferred
    $34,837
    Nontaxable benefits
    $20,767
    Filer's total
    $380,571

  • 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

  • JENNIFER ZEISLER

    SENIOR DIR, PROGRAM MANAGEMENT

    Total calculated
    $238,169
    From this org
    $202,400
    From related orgs
    $0
    Other
    $35,769
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,047
    Bonus
    $0
    Other
    $1,353
    Deferred
    $21,703
    Nontaxable benefits
    $14,066
    Filer's total
    $238,169

  • JESSICA HASELTON

    DIR, EDUCATION INNOVATION VENTURES

    Total calculated
    $230,047
    From this org
    $175,243
    From related orgs
    $0
    Other
    $54,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,875
    Bonus
    $0
    Other
    $1,368
    Deferred
    $16,902
    Nontaxable benefits
    $37,902
    Filer's total
    $230,047

  • JOANNA ROSENTHAL

    DIR, COMMUNICATIONS

    Total calculated
    $215,090
    From this org
    $186,076
    From related orgs
    $0
    Other
    $29,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,231
    Bonus
    $0
    Other
    $845
    Deferred
    $22,808
    Nontaxable benefits
    $6,206
    Filer's total
    $215,090

  • LORAINE PARK

    DIR, LEARNING & EVALUATION

    Total calculated
    $188,665
    From this org
    $143,397
    From related orgs
    $0
    Other
    $45,268
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,850
    Bonus
    $0
    Other
    $1,547
    Deferred
    $17,138
    Nontaxable benefits
    $28,130
    Filer's total
    $188,665

  • SARAH BELNICK

    SENIOR DIR, PROGRAM MANAGEMENT

    Total calculated
    $226,155
    From this org
    $181,697
    From related orgs
    $0
    Other
    $44,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,014
    Bonus
    $0
    Other
    $683
    Deferred
    $22,527
    Nontaxable benefits
    $21,931
    Filer's total
    $226,155

  • 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

  • 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

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, and on a Form 990-PF Part VIII's — 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
  • 1a · Payments for business use of a personal residence
  • 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. PAYMENTS FOR BUSINESS USE OF PERSONAL RESIDENCE: ECMC FOUNDATION PAID TEMPORARY HOUSING IN LIEU OF HOTEL FOR THE PRESIDENT, JACOB FRAIRE. THIS BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION.
PART I, LINE 3
THE ONLY EXECUTIVE OFFICERS COMPENSATED BY ECMC FOUNDATION WAS THE PRESIDENT, JACOB FRAIRE, AND FORMER PRESIDENT, PETER TAYLOR. ALL OTHER EXECUTIVE OFFICERS' COMPENSATION WAS PAID BY RELATED ORGANIZATIONS.
PART I, LINES 4A-B
LINE 4A - SEVERANCE OR CHANGE-OF-CONTROL PAYMENT: JEREMY WHEATON RECEIVED A $1,500,000 SEVERANCE PAYMENT IN 2023. 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, AND PETER TAYLOR PARTICIPATED IN THE SERP PLAN, AND RECEIVED AN EMPLOYER CONTRIBUTION OF $106,811.
PART I, LINE 5
THE ONLY EXECUTIVE OFFICERS COMPENSATED BY ECMC FOUNDATION WAS THE PRESIDENT, JACOB FRAIRE, AND FORMER PRESIDENT, PETER TAYLOR. 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.
PART I, LINE 6
THE ONLY EXECUTIVE OFFICERS COMPENSATED BY ECMC FOUNDATION WAS THE PRESIDENT, JACOB FRAIRE, AND FORMER PRESIDENT, PETER TAYLOR. 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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349312634

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