2025-11-15T10:33:10-06:00 2024-12-31 135565207 KPMG LLP 350 N 5TH ST SUITE 600 MINNEAPOLIS MN 55401 990 2024-01-01 472237488 ECMC EDUCATION INC ECMC 6512210566 111 WASHINGTON AVE SO 1400 MINNEAPOLIS MN 55401 MARTIN A SCANLON CFO & TREASURER 6512210566 2025-11-13 1 0 SOPHIE R KING P02233384 6123055000 2025-11-14 2024 2025-03-06 01:10:19Z DANIEL S FISHER 111 WASHINGTON AVE SO 1400 MINNEAPOLIS MN 55401 14039865 0 X WWW.ECMCEDUCATION.ORG X 2014 DE TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CARRERS AND COMMUNITIES. 9 8 7 0 0 0 18983184 9600000 386025 0 977091 130821 11244418 4309044 31590718 14039865 47329 0 0 0 3251067 287519 0 0 0 9560385 4263488 12858781 4551007 18731937 9488858 5890322 2944520 28550095 16115435 -22659773 -13170915 ECMC EDUCATION, INC.'S MISSION IS TO TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CAREERS AND COMMUNITIES. 0 0 583148 0 0 INSTRUCTION AND STUDENT SERVICES:ECMC EDUCATION OFFERED CAREER AND TECHNICAL EDUCATION OPPORTUNITIES WITH AN EMPHASIS IN ALLIED HEALTH AND TRADES. ON MARCH 31, 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. AND ALL THREE OF ITS ALTIERUS SCHOOLS WAS APPROVED BY THE ECMC GROUP, INC. BOARD OF DIRECTORS. THE TEACH-OUTS WERE COMPLETED DURING 2023 WITH RELATED EXPENSES BEING SETTLED THROUGH 2027. ECMC EDUCATION, INC. NO LONGER ENROLLS ANY STUDENTS AS OF DECEMBER 31, 2023. THE CHANGE IS PART OF ECMC GROUP, INC.'S PLAN TO CONCENTRATE PRIMARILY ON ITS EDUCATIONAL CREDIT MANAGEMENT CORPORATION GUARANTOR-RELATED ACTIVITIES, ECMC FOUNDATION AND EDUCATION IMPACT INVESTING. 583148 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA GA MN X MARTIN A SCANLON 6512210566 111 WASHINGTON AVE SO STE 1400 MINNEAPOLIS MN 55401 X DANIEL FISHER PRESIDENT & CEO, ECMC GROUP 0.00 40.00 X X 0 1373427 130325 JAMES V MCKEON DIRECTOR 0.00 17.00 X 0 197500 0 DIANA J INGRAM DIRECTOR 0.00 10.00 X 0 151250 0 JACK O'CONNELL DIRECTOR 0.00 9.00 X 0 135000 0 JULIA S GOUW DIRECTOR 0.00 8.00 X 0 155000 0 DEREK LANGHAUSER DIRECTOR 0.00 9.00 X 0 127500 0 JAMES RUNCIE DIRECTOR 0.00 10.00 X 0 135000 0 JENNIFER ANDERSON DIRECTOR 0.00 9.00 X 0 138750 0 K PAUL SINGH BOARD CHAIR 0.00 13.00 X 0 145000 0 BRIAN BOARDMAN GENERAL COUNSEL & CORP SECRETARY 0.00 40.00 X 0 520510 91781 MARTIN SCANLON CFO & TREASURER 0.00 40.00 X 0 903005 108170 JACOB KASSUBA VP, CAMPUS OPERATIONS-THRU 5/18 40.00 0.00 X 365471 0 20184 JONI KURLAND VP, ACCRED & CAMPUS COMPL-THRU 1/13 40.00 0.00 X 212563 0 1904 NIKITI HARP DIR, CAREER SERVICES-THRU 4/20 40.00 0.00 X 108649 0 10238 JEREMY WHEATON FORMER PRESIDENT & CEO, ECMC GROUP 0.00 0.00 X 0 19539 0 JOHN F DEPODESTA FORMER BOARD CHAIR 0.00 0.00 X 0 60000 0 686683 4061481 362602 3 1 1 0 CHESTNUT RIDGE CONSTRUCTION INC 407 HOLLISTER LANE NEW ALEXANDRIA PA 15670 FACILITY SERVICES 1212432 JONES LANG LASALLE AMERICAS INC 71700 TREASURY CTR LOCKBOX 33845 CHICAGO IL 60694 FACILITY SERVICES 442095 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 GUARD & SECURITY MONITORING SERVICES 178905 ENCOTECH SERVICES LLC 2563 CONNECTION PT OVIEDO FL 32765 FACILITY SERVICES 102030 4 9600000 9600000 130821 0 130821 130821 130821 LIQUIDATION ADJUSTMENT 900099 4237917 4237917 UTILITY REFUNDS 900099 49398 49398 21729 21729 4309044 14039865 0 0 4439865 173495 158829 14666 69526 69526 3110 2308 802 39780 23958 15822 1608 1608 2274 2274 32450 32450 337427 332682 4745 30748 12186 18562 100081 100081 4311 4311 8057 8057 5700 5700 2766 2766 38349 38349 IMPAIRMENT 3696852 3696852 4473 3217 1256 4551007 583148 3967859 0 4434264 1987756 1456058 956764 5890322 2944520 12635253 131331 15914842 15984104 28550095 16115435 X -22659773 -13170915 -22659773 -13170915 5890322 2944520 9488858 0 X 0 1 X 1 0 X 56629859 35292458 27213516 18983184 9600000 147719017 20861685 23971906 16279524 386025 0 61499140 77491544 59264364 43493040 19369209 9600000 209218157 46784066 28626736 26296902 18959896 9600000 130267600 0 46784066 28626736 26296902 18959896 9600000 130267600 78950557 32065 9166 2612 11244418 4309044 15597305 77523609 59273530 43495652 30613627 13909044 224815462 0.35120 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RIGHT OF USE ASSET 956476 DUE FROM ECMC SHARED SERVICES COMPANY, LLC 288 956764 LEASE INCENTIVE OBLIGATION 15979772 DUE TO ECMC GROUP, INC. 4331 DUE TO EDUCATIONAL CREDIT MANAGEMENT CORPORATION 1 15984104 X PART X, LINE 2: ECMC EDUCATION, INC. IS A NONPROFIT 501(C)(3) CORPORATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. DEFERRED TAX LIABILITIES ARE RECOGNIZED FOR TEMPORARY DIFFERENCES THAT WILL RESULT IN TAXABLE AMOUNTS IN FUTURE YEARS. DEFERRED TAX ASSETS ARE RECOGNIZED FOR DEDUCTIBLE TEMPORARY DIFFERENCES AND TAX OPERATING LOSS AND TAX CREDIT CARRY FORWARDS. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. WITH FEW EXCEPTIONS, ECMC EDUCATION, INC. AND RELATED AFFILIATES ARE NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2020. X 1 1 X X X X 1 1 0 0 1 0 1 0 0 DANIEL FISHER PRESIDENT & CEO, ECMC GROUP 0 575192 0 769206 0 29029 0 90656 0 39669 0 1503752 0 0 MARTIN SCANLON CFO & TREASURER 0 416394 0 459850 0 26761 0 73791 0 34379 0 1011175 0 23000 BRIAN BOARDMAN GENERAL COUNSEL & CORP SECRETARY 0 334254 0 175875 0 10381 0 48740 0 43041 0 612291 0 7855 JACOB KASSUBA VP, CAMPUS OPERATIONS-THRU 5/18 76853 0 78976 0 209642 0 3537 0 16647 0 385655 0 0 0 JONI KURLAND VP, ACCRED & CAMPUS COMPL-THRU 1/13 12692 0 0 0 199871 0 1904 0 0 0 214467 0 0 0 JAMES V MCKEON DIRECTOR 0 197500 0 0 0 0 0 0 0 0 0 197500 0 0 JULIA S GOUW DIRECTOR 0 155000 0 0 0 0 0 0 0 0 0 155000 0 0 DIANA J INGRAM DIRECTOR 0 151250 0 0 0 0 0 0 0 0 0 151250 0 0 JOHN F DEPODESTA FORMER BOARD CHAIR 0 60000 0 0 0 0 0 0 0 0 0 60000 0 0 JEREMY WHEATON FORMER PRESIDENT & CEO, ECMC GROUP 0 0 0 0 0 19539 0 0 0 0 0 19539 0 19539 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. PART I, LINES 4A-B LINE 4A - SEVERANCE OR CHANGE-OF-CONTROL PAYMENT: THE FOLLOWING RECEIVED A SEVERANCE PAYMENT IN 2024: JACOB KASSUBA - $186,971 JONI KURLAND - $180,750 NIKITI HARP - $54,693 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 2024, DANIEL FISHER AND MARTIN SCANLON PARTICIPATED IN THE 457(F) PLAN, AND RECEIVED EMPLOYER CONTRIBUTIONS OF $61,995 AND $9,391, 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. FORM 990, PART VI, SECTION A, LINE 6 ECMC EDUCATION, INC. HAS ONE MEMBER. THE MEMBER IS ECMC GROUP, INC. A DELAWARE, NONSTOCK, NONPROFIT CORPORATION EXEMPT UNDER SECTION 501(C)(3). THERE ARE NO STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A ECMC GROUP, INC. HAS THE RIGHT TO ELECT AND/OR APPROVE ALL THE DIRECTORS OF THE ECMC EDUCATION, INC. BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ECMC GROUP, INC., THE SOLE MEMBER OF ECMC EDUCATION, INC., RETAINS THE FOLLOWING AUTHORITY OVER ECMC EDUCATION, INC.: 1. TO AUTHORIZE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS. 2. TO APPROVE THE STRATEGIC AND FINANCIAL PLANS. 3. TO ELECT AND/OR APPROVE THE MEMBERS OF THE BOARD OF DIRECTORS. 4. TO OVERSEE COORDINATION OF PROGRAMS AND SERVICES OFFERED. 5. TO AUTHORIZE FORMATION, GOVERNANCE AND DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT ARE PROVIDED A COPY OF FORM 990 TO REVIEW AND PROVIDE COMMENTS PRIOR TO FILING. ALL MEMBERS OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT ARE PROVIDED WITH A COPY OF THE FINAL VERSION OF FORM 990 BEFORE IT HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND ALL EMPLOYEES ARE REQUIRED TO REAFFIRM ON AN ANNUAL BASIS THEIR UNDERSTANDING OF THE COMPANY'S CONFLICT OF INTEREST POLICY. THE AFFIRMATION SPECIFICALLY REFERENCES THAT THE INDIVIDUAL WILL COMPLY WITH THE DIRECTIVES OF THE CONFLICT OF INTEREST POLICY. OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE ALSO REQUIRED TO COMPLETE AN ANNUAL FORM 990 RELATIONSHIP DISCLOSURE DOCUMENT TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. FINALLY, THE COMPANY'S VENDOR PROCUREMENT PROCESS INCLUDES QUESTIONS OF BUSINESS UNIT CONTRACT OWNERS TO DETERMINE IF ANY CONFLICTS OF INTEREST MAY EXIST. MONITORING AND ENFORCEMENT OF THE POLICY ARE ACCOMPLISHED THROUGH THE POLICY REAFFIRMATION PROCESS, AFFIRMATIVE DISCLOSURE REQUESTS AND THE POLICY REQUIREMENT THAT ALL CONFLICTS OF INTEREST BE REPORTED. IN CASES WHERE A POTENTIAL CONFLICT EXISTS AT THE OFFICER AND KEY EMPLOYEE LEVELS, THE ISSUE IS DISCLOSED TO THE INDIVIDUAL'S SUPERVISOR, GENERAL COUNSEL, AND/OR VICE PRESIDENT, DEPUTY GENERAL COUNSEL. FOR POTENTIAL CONFLICTS INVOLVING DIRECTORS, THE DISCLOSURE IS MADE TO THE BOARD (OR APPLICABLE COMMITTEE). THE DIRECTOR WILL BE REQUIRED TO EXCUSE THEMSELVES FROM DELIBERATION AND VOTING ON MATTERS FOR WHICH THEY MAY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE GOVERNANCE & COMPENSATION COMMITTEE OF THE ECMC GROUP, INC. (ECMC EDUCATION, INC.'S PARENT ORGANIZATION) BOARD OF DIRECTORS IS WHOLLY COMPRISED OF INDEPENDENT, OUTSIDE DIRECTORS. IN 2024, THE COMMITTEE RETAINED EXECUTIVE COMPENSATION EXPERTS FROM PEARL MEYER, A GLOBAL COMPENSATION CONSULTING ORGANIZATION, THROUGH ARNOLD & PORTER KAYE SCHOLER LLP TO IDENTIFY APPROPRIATE CEO AND SENIOR EXECUTIVE COMPENSATION PACKAGES. ARNOLD & PORTER KAYE SCHOLER LLP PROVIDED AN OPINION ON THE REASONABLENESS OF THIS COMPENSATION. THE MARKET ANALYSIS PERFORMED BY PEARL MEYER FOR ARNOLD & PORTER KAYE SCHOLER LLP INCLUDES SALARY AND INCENTIVE DATA FROM AN APPROPRIATE PEER GROUP UNDER IRS REGULATIONS AND INCLUDES BOTH NONPROFIT AND FOR-PROFIT ENTITIES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUIRED BY LAW. FORM 990, PART VII, SECTION A: JOHN DEPODESTA, A FORMER DIRECTOR, HAD A CONSULTING AGREEMENT IN 2024. 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