NonprofitsEcmc Group Inc

Education

Ecmc Group Inc

MINNEAPOLIS, MN

Total revenue

$501.3M

Total expenses

$281.0M

Net assets

$1.3B

Grants received

$1.1B

9 grants

EIN

411991995

Tax year

2024

Mission

To help students succeed by creating, providing and investing in innovative educational opportunities.

Programs

3 programs

Supporting related organizations:ecmc group, inc. Supports the furtherance of the exempt purpose of educational credit management corporation, ecmc education, inc., and ecmc foundation by creating, providing and investing in innovative educational opportunities. Ecmc group, inc. Is a nonprofit corporation whose vision is to empower underserved communities to thrive through education. $82,935,000 cash contributions made to ecmc foundation for general support of its mission to improve higher education and career success among underserved populations through evidence-based innovation. $12,611,000 cash contributions made to educational credit management corporation to support its mission to provide financial counseling and education to empower students to make better choices about their futures. $9,600,000 cash contributions made to ecmc education, inc. To support the entity's wind-down activities, including the settlement of outstanding obligations.

Expenses: $105.1MGrants: $105.1M

Grants & sponsorships:grants and sponsorships supplied by ecmc group, inc. To schools and individuals in support of its tax-exempt purpose.

Expenses: $640KGrants: $640K

Public policy:through the public policy program, ecmc group, inc. Shares information among ecmc group-related members on legislative proposals and governmental regulations that impact their operations. The program enables ecmc group, inc. Affiliates to monitor public policy matters and provide nonpartisan analysis and research to policymakers, thought leaders and the general public.

Expenses: $331K

Financials

FY 2024

Revenue

Contributions & grants$129.9M
Program service revenue$177.1M
Investment income$186.6M
Other revenue$7.7M
Total revenue$501.3M

Expenses

Grants paid$105.8M
Salaries & benefits$12.0M
Fundraising
Other expenses$163.2M
Total expenses$281.0M
Total assets$5.7B
Net assets$1.3B

People

33 listed

NameRoleCompensation

DANIEL FISHER

PRESIDENT & CEO

Board

$1.4M

40 hrs/wk

MARTIN SCANLON

CFO & TREASURER

Board

$903K

40 hrs/wk

BRIAN BOARDMAN

GENERAL COUNSEL & CORP SECRETARY

Board

$521K

40 hrs/wk

JOSEPH WATT

VP, IMPACT INVESTING

Board

$359K

40 hrs/wk

JACK O'CONNELL

DIRECTOR

Board

5 hrs/wk

JULIA S GOUW

DIRECTOR

Board

5 hrs/wk

DIANA J INGRAM

DIRECTOR

Board

7 hrs/wk

DEREK LANGHAUSER

DIRECTOR

Board

5 hrs/wk

JAMES V MCKEON

BOARD CHAIR

Board

13 hrs/wk

JAMES RUNCIE

DIRECTOR

Board

7 hrs/wk

JENNIFER ANDERSON

DIRECTOR

Board

6 hrs/wk

K PAUL SINGH

DIRECTOR

Board

10 hrs/wk

SARAH STREHL

CHIEF HUMAN RESOURCES OFFICER

Staff

$706K

40 hrs/wk

RAHOUL GHOSE

CHIEF INFORMATION OFFICER

Staff

$660K

40 hrs/wk

IRIS CUMBERBATCH

SR VP, CORPORATE AFFAIRS

Staff

$513K

40 hrs/wk

HEIDI JOHNSON

CHIEF OF STAFF

Staff

$512K

40 hrs/wk

JOHN MCKENNELL

CHIEF INFORMATION SECURITY OFFICER

Staff

$347K

40 hrs/wk

ADAM TRAMPE

VP, DEPUTY GENERAL COUNSEL

Staff

$345K

40 hrs/wk

TIFFANY THOMPSON

VP, FINANCE & CONTROLLER

Staff

$334K

40 hrs/wk

HUGH MCSHERRY

VP, CORPORATE SERVICES

Staff

$323K

40 hrs/wk

MATTHEW MIKULSKI

VP, INTERNAL AUDIT

Staff

$294K

40 hrs/wk

TROY GUNDERMAN

DIR, LITIGATION

Staff

$280K

40 hrs/wk

ANN JOHNSTON

SR DIR, IT BUSINESS OPERATIONS

Staff

$276K

40 hrs/wk

DEAN VANDECOEVERING

SR DIR, FINANCE

Staff

$275K

40 hrs/wk

AARON WOODRICH

VP, INFORMATION TECH

Staff

$270K

40 hrs/wk

JOHN YOPP

DIR, SOFTWARE ENGINEERING

Staff

$267K

40 hrs/wk

STEVEN HUPERT

DIR, INFORMATION TECH

Staff

$256K

40 hrs/wk

STEVE HANSEN

VP, INFORMATION TECH-THRU 6/26

Staff

$196K

40 hrs/wk

JOSH ULLOM

VP, APPLICATIONS & ANALYTICS

Staff

$160K

40 hrs/wk

GREGORY VAN GUILDER

FORMER CHIEF INVESTMENT OFFICER

Staff

$28K

0

JEREMY WHEATON

FORMER PRESIDENT & CEO

Staff

$20K

0

PHILIP BECKER

FORMER VP, INVESTMENTS

Staff

$15K

40 hrs/wk

JOHN F DEPODESTA

FORMER BOARD CHAIR

Staff

0

Independent contractors

NAVIENT SOLUTIONS INC

LOAN PORTFOLIO SERVICING

$4.6M

AMAZON WEB SERVICES INC

IT SERVICE & SUPPORT

$3.9M

SOLUTION DESIGN GROUP INC

IT SERVICE & SUPPORT

$1.4M

KPMG LLP

ACCOUNTING

$1.2M

CDW

IT SERVICE & SUPPORT

$1.1M

Grants received

Showing 9 of 9

FromAmountPurposeYear
$128.9M
GENERAL SUPPORT
2024
$1M
TWIN CITIES IMPACT
2024
$265.1M
GENERAL SUPPORT
2023
$1.7M
QUESTION THE QUO, GENERAL SUPPORT
2023
$247.9M
GENERAL SUPPORT
2022
$500K
CAREER READINESS
2022
$176.1M
Expand Education Opportunities
2020
$9.6M
Operational Support
2020
$231.5M
Expand Education Opportunities
2018

Funded by

$1.1B from 2 funders · 9 grants · 2018–2024

Educational Credit

$1.0B · 5 grants · 2018–2024

Ecmc Foundation

$12.8M · 4 grants · 2020–2024

Details

EIN411991995
NTEE codeB02
Subsection03
Ruling date2001-04
Formed2000
Employees245
Volunteers0
ECMC GROUP INC — Mission, Financials & Grants Received | Grantivo