Cause IQ organization profile

ECMC Group

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

ECMC Group is a education assistance provider based in Minneapolis, MN that was founded in 2000. As of 2019 they had $389 million in revenue and $3.2 billion in assets.

The mission of Ecmc Group, Inc. is to help students recognize and realize their potential by investing in, creating and providing innovative education solutions that support schools and improve student educational outcomes. Ecmc Group, Inc. Supports t...

EIN:
41-1991995
City:
State:
Website:
Twitter:
Founded:
2000
Type:
501(c)(3)
NTEE:
Revenue:
$389,351,426
Assets:
$3,231,152,033
Employees:
417
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at ECMC Group

ECMC Group, Inc. supports the furtherance of the exempt purpose of Educational Credit Management Corporation, Zenith Education Group, Inc., and ECMC Foundation by providing services that help students recognize and realize their potential by investing in, creating and providing innovative education solutions that support schools and improve student educational outcomes. $134,000,000 contributions made to Zenith Education Group, Inc. to support its mission to help students succeed in their pursuit of an educational experience that prepares them for the workforce.

Grants and sponsorships supplied by ECMC Group, Inc. to schools and individuals in support of its tax-exempt purpose.

Loan Portfolio Servicing: ECMC Group, Inc. and Oakdale Student Loan Funding, LLC (Oakdale), a wholly owned subsidiary of ECMC Group, Inc., have eligible lender trust (ELT) agreements with Manufacturers and Traders Trust Company. Manufacturers and Traders Trust Company serves as the ELT for ECMC Group, Inc. and Oakdale. Through the ELTs, ECMC Group, Inc. and Oakdale purchase Federal Family Education Loan Program (FFELP) rehabilitated student loans from Educational Credit Management Corporation, a related entity, and other guaranty agencies in order to ensure that student loan borrowers can realize the full benefits afforded them under 34 CFR sec. 682.405. Patriot Student Loan Capital, LLC (Patriot) has interim eligible lender trust agreements with Manufacturers and Traders Trust Company. ECMC Group Student Loan Trust 2016-1 (Trust 2016-1), ECMC Group Student Loan Trust 2017-1 (Trust 2017-1), ECMC Group Student Loan Trust 2017-2 (Trust 2017-2), ECMC Group Student Loan Trust 2018-1 (Trust 2018-1) and ECMC ...

Form 990s for ECMC Group

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 11, 2020990View PDF
2017-12Feb 21, 2019990View PDF
2016-12Jan 18, 2018990View PDF
2015-12Mar 30, 2017990View PDF
2014-12Feb 4, 2016990View PDF
...and five more Form 990 PDFs

Financials for ECMC Group

Field2018
Total grants, contributions, etc.$231,500,000
Program services$96,720,581
Investment income and dividends$17,036,450
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$39,968,823
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,125,572
Total revenues$389,351,426

Vendors for ECMC Group

VendorServicesAmount paidDate
Baker Tilly Virchow Krause LLPTax accounting; Audit accounting2020-02-11
██████ ██████████Insurance2019-12-31
████████████ ████ █████████ ███████Insurance2019-12-31
██████ ██████ ████Insurance2019-12-31
████████ ████ ███ ████████Insurance2019-12-31
███ █████████ ████████Insurance2019-12-31
██████████ ████ ███ ███████ █████████ ███$186,1682019-12-31
██████ █████████ ████Insurance agent or broker$17,3462019-12-31
...and 10 more vendors

Personnel at ECMC Group

NameTitleCompensationMost recent data
Jan HinesPresident and Chief Executive Officer-Sept. 24, 2020
Mr. Wheaton HeldChief Executive Officer-July 14, 2019
████ ███ ███████Chief Investment Officer, Ecmc Group-Sept. 24, 2020
██████ ███████Chief Financial Officer$623,772Sept. 24, 2020
████ ████Senior Vice President and Chief Information Officer-May 19, 2018
██████ █████Chief Information Officer-Sept. 24, 2020
█████ ███████Senior Vice President, Chief of Staff, Ecmc Group$370,693Sept. 24, 2020
█████ ██████Chief Human Resources Officer$496,568Sept. 24, 2020
██████ ██████Senior Vice President and Chief Accounting Officer-Dec. 31, 2018
█████ █ ██████████Ecmcss Senior Vice President , Finance and Zenith Chief Financial Officer-Dec. 31, 2018
...and 18 more key personnel

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23Robin Hood Foundation / Tudor Charitable TR501(c)(3)$133 millionNew York, NY
24Raymond James Charitable Endowment Fund501(c)(3)$201 millionSt Petersburg, FL
25Vancouver Foundation501(c)(3)$108 millionCanada,