Overview
What is Ecmc Group Inc?
Ecmc Group Inc, a Minneapolis, Minnesota-based nonprofit corporation with 240 employees, is dedicated to supporting the educational missions of Educational Credit Management Corporation (ECMC) and ECMC Education Inc. Through their innovative initiatives, they empower underserved communities to thrive by creating, providing, and investing in educational opportunities. Their vision aligns with ECMC Group Inc's mission to help students succeed and further the exempt purposes of these organizations. In 2020, they made significant cash contributions totaling $26.3 million to ECMC Education Inc and $501.6 million to ECMC Foundation. Their support extends to improving higher education and career success among underserved populations.
Official website here: www.ecmcgroup.org
Is Ecmc Group Inc legitimate?
Ecmc Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ecmc Group Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $7,494,751
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,334,884
For more financial information, click here
Official website here: www.ecmcgroup.org
What is the mission statement of Ecmc Group Inc?
ECMC Group Inc is a nonprofit organization with a mission to empower underserved communities by creating, providing, and investing in innovative educational opportunities. The corporation supports the exempt purposes of Educational Credit Management Corporation and ECMC Education Inc in this endeavor. ECMC Group's vision is to help students succeed by fostering educational advancements. The organization has made significant cash contributions to ECMC Education Inc to support its mission in career and technical education, and to ECMC Foundation for enhancing higher education and career success among underserved populations. ECMC Group's investments aim to provide learners with essential skills to elevate their careers and communities.
Official website here: www.ecmcgroup.org
Who is the CEO of Ecmc Group Inc?
Daniel S Fisher is the Grp Pres & Ceo (Eff 07-03-22) of Ecmc Group Inc. The CEO's salary of Ecmc Group Inc is $1,013,493 and their total compensation is $1,125,940.
Official website here: www.ecmcgroup.org
What is the revenue of Ecmc Group Inc?
Who are the executives of Ecmc Group Inc and what are their salaries?
The average compensation at Ecmc Group Inc during 2022 was $61,790. There are 240 employees at Ecmc Group Inc.
Here are 37 key members and their salaries (Ecmc Group Inc's CEO's salary is $1,013,493 and their total compensation is $1,125,940):
- Gregory A Van Guilder (Chief Investment Officer)
- Jeremy J Wheaton (Pres & Ceo-Part Yr, Sr Advisor) [Trustee/Director]
- Daniel S Fisher (Grp Pres & Ceo (Eff 07-03-22)) [Trustee/Director]
- Josh Slayton (Edu Pres & Svp Grp Dev-Part Yr)
- Martin A Scanlon (Cfo & Treasurer)
- Sarah Strehl (Chief Human Resources Officer)
- Rahoul Ghose (Chief Information Officer)
- Philip Becker (Vp, Investments)
- Heidi J Johnson (Svp, Chief Of Staff)
- Iris Cumberbatch (Svp, Corporate Affairs)
- Brian Boardman (Grp General Counsel & Corp Sec)
- Joseph Watt (Vp, Impact Investing)
- Bruce Feist (Vp, Applications & Analytics)
- Adam Trampe (Vp, Deputy General Counsel)
- Hugh E Mcsherry (Vp, Corporate Services)
- Stephen H Hansen (Vp, Information Technology)
- John Mckennell (Vp, Chief Information Sec. Off)
- Christopher Janzen (Vp, Academic Technology)
- Tiffany Thompson (Vp, Finance & Controller)
- Matthew T Mikulski (Vp, Internal Audit)
- Aaron Woodrich (Sr Dir, Information Technology)
- Dean J Vandecoevering (Sr Dir, Financial Planning)
- Sara Hegg (Dir, Total Rewards & Payroll)
- Troy Gunderman (Dir, Litigation)
- Christine Noel (Government Affairs Director)
- James V Mckeon (Board Chair) [Trustee/Director]
- Maurice M Salter (Director)
- Diana J Ingram (Director)
- Julia S Gouw (Director)
- K Paul Singh (Director)
- Jack O'Connell (Director)
- Derek Langhauser (Director)
- Jennifer Anderson (Director)
- James Runcie (Director)
- John F Depodesta (Former Board Chair)
- Roberta Cooper Ramo (Former Director)
- I King Jordan (Former Director)
Official website here: www.ecmcgroup.org
Where can I find the form 990 for Ecmc Group Inc?
The Ecmc Group Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ecmcgroup.org
Learn more at the official website: www.ecmcgroup.org
Mission Statement of Ecmc Group Inc
ECMC Group Inc, a nonprofit corporation, is dedicated to advancing education by creating, providing, and investing in innovative opportunities. This organization's mission is to empower underserved communities to thrive through education. ECMC Group's financial commitment to this cause is significant, with over $26 million in cash contributions made to ECMC Education, Inc. to support its mission in transforming career and technical education. By providing learners with essential skills, ECMC Education aims to elevate their careers and communities. In addition, ECMC Group made a contribution of $296,902 on behalf of ECMC Education, Inc. to cover accrued section 4968 excise tax on net investment income.
Furthermore, ECMC Group's support extends to ECMC Foundation, which focuses on improving higher education and career success among underserved populations through evidence-based innovation. The organization's substantial financial investment of over $501 million in cash and non-cash contributions has been instrumental in furthering ECMC Foundation's mission. By collaborating with both corporations, ECMC Group is making a significant impact on the educational landscape and empowering individuals and communities to reach their full potential.
Impact
This information is meant to be a general summary of Ecmc Group Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
ECMC Group Inc's impact lies in its mission to help students succeed by creating, providing, and investing in innovative educational opportunities. The organization supports the furtherance of the exempt purposes of Educational Credit Management Corporation (ECMC) and ECMC Education, Inc. by empowering underserved communities to thrive through education. ECMC Group Inc has made significant contributions, including $26,000,000 in cash contributions to ECMC Education, Inc., aimed at transforming career and technical education to provide learners with skills to elevate their careers and communities. Additionally, the organization has contributed $501,572,000 in cash and noncash contributions to ECMC Foundation to improve higher education and career success among underserved populations through evidence-based innovation. The impact of ECMC Group Inc transcends beyond financial contributions, as it plays a pivotal role in supporting educational initiatives that benefit individuals and communities striving for academic and career success.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN PORTFOLIO
Revenue
$110,098,286
Organization Details
Founding Year
2000
Phone
(651) 221-0566
Principal Officer
Daniel S Fisher
Main Address
111 WASHINGTON AVE SO STE 1400, MINNEAPOLIS, MN, 55401
Website
www.ecmcgroup.org
NTEE Category
Code: B90 - Education
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