Educational Credit Management Corporation

Minneapolis, MN
Tax-exempt since Aug. 1995
EIN: 41-1778617

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Public, Society Benefit — Multipurpose and Other / Financial Institutions, Services (Non-Government Related) (NTEE)

Donations to this organization are tax deductible.

Revenue

$318M (2023)

Expenses

$362M (2023)

Total Assets

$295M (2023)

Total Liabilities

$257M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Revenue

$318,087,346

Expenses

$362,056,007

Net Income

-$43,968,661

Net Assets

$38,476,488

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,188,000	5.4%
Program Services	$299,935,137	94.3%
Investment Income	$933,773	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$30,436	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,337,674	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,281,542	11.1%

Assets/Debt
Total Assets	$295,093,716
Total Liabilities	$256,617,228
Net Assets	$38,476,488

Compensation

Key Employees and Officers	Compensation	Related	Other
Chad Tate (President, Ecmc)	$566,278	$0	$88,833
Therese Bickler (Vp, Ecmc Operations)	$335,947	$0	$45,295
Paula Craw (Vp, Outreach)	$274,082	$0	$27,240
Nathan Vickery (Senior Dir, Repayment Success Center)	$236,870	$0	$56,496
J Hamlin Sjoberg (Senior Dir, Guarantor Services)	$229,871	$0	$41,636
Han Cho (Dir, Portfolio Management)	$198,984	$0	$55,444
Nate Malmo (Dir, Internal Default Management)	$196,704	$0	$54,724
Jan Jacobson (Dir, Customer Service)	$193,873	$0	$53,950
Daniel Fisher (President & Ceo, Ecmc Group)	$0	$1,268,659	$126,730
James V Mckeon (Board Chair)	$0	$197,500	$0
Diana J Ingram (Director)	$0	$151,250	$0
Jack O'connell (Director)	$0	$145,000	$0
Julia S Gouw (Director)	$0	$155,000	$0
Derek Langhauser (Director)	$0	$137,500	$0
James Runcie (Director)	$0	$128,750	$0
Jennifer Anderson (Director)	$0	$148,750	$0
K Paul Singh (Director)	$0	$141,875	$0
Brian Boardman (General Counsel & Corp Secretary)	$0	$453,655	$86,354
Martin Scanlon (Cfo & Treasurer)	$0	$918,311	$104,819
Jeremy Wheaton (Former President & Ceo, Ecmc Group)	$0	$1,622,127	$0
I King Jordan (Former Director)	$0	$30,000	$0
John F Depodesta (Former Board Chair)	$0	$60,000	$0

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990

Filed on Nov. 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2022

Revenue

$361,979,726

Expenses

$338,613,468

Net Income

$23,366,258

Net Assets

$82,445,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,150,000	0.6%
Program Services	$359,485,454	99.3%
Investment Income	$312,952	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$31,320	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,193,487	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,977,742	11.5%

Assets/Debt
Total Assets	$429,860,105
Total Liabilities	$347,414,956
Net Assets	$82,445,149

Compensation

Key Employees and Officers	Compensation	Related	Other
Chad Tate (Ecmc President (Eff 7 3 22))	$437,075	$0	$74,385
Therese B Bickler (Vp, Ecmc Operations)	$316,300	$0	$67,679
Paula J Craw (Vp, Outreach)	$265,922	$0	$32,126
Nathan Vickery (Sr Dir, Repayment Success Ctr)	$221,609	$0	$56,051
J Hamlin Sjoberg (Sr Dir, Guarantor Services)	$211,744	$0	$39,002
Jan Jacobson (Dir, Customer Service)	$196,083	$0	$49,620
Han Cho (Dir, Portfolio Management)	$195,005	$0	$52,932
Nate Malmo (Dir, Internal Default Mgmt)	$186,586	$0	$53,063
James V Mckeon (Board Chair)	$0	$196,250	$0
Maurice M Salter (Director)	$0	$157,500	$0
Julia S Gouw (Director)	$0	$155,000	$0
K Paul Singh (Director)	$0	$152,500	$0
Diana J Ingram (Director)	$0	$156,250	$0
Jack O'connell (Director)	$0	$140,000	$0
Derek Langhauser (Director)	$0	$137,500	$0
Jennifer Anderson (Director)	$0	$132,500	$0
James Runcie (Director)	$0	$127,500	$0
Jeremy J Wheaton (Pres & Ceo Part Yr, Sr Advisor)	$0	$1,271,506	$52,529
Daniel S Fisher (Grp Pres & Ceo (Eff 7 3 22))	$0	$1,013,493	$112,447
Martin A Scanlon (Cfo & Treasurer)	$0	$851,966	$96,996
Brian Boardman (Grp General Counsel & Corp Sec)	$0	$382,212	$76,486
John F Depodesta (Former Board Chair)	$0	$75,000	$0
Roberta Cooper Ramo (Former Director)	$0	$60,000	$0
I King Jordan (Former Director)	$0	$30,000	$0
Gregory A Van Guilder (Former Cfo, Grp Cio)	$0	$1,343,530	$99,504

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990

Filed on Nov. 14, 2023

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Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2021

Revenue

$424,071,754

Expenses

$374,401,993

Net Income

$49,669,761

Net Assets

$59,078,891

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,234,612	0.5%
Program Services	$421,807,940	99.5%
Investment Income	$10,722	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$18,480	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,106,619	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,966,664	10.4%

Assets/Debt
Total Assets	$748,768,663
Total Liabilities	$689,689,772
Net Assets	$59,078,891

Compensation

Key Employees and Officers	Compensation	Related	Other
Janice A Hines (Former President & Ceo, Ecmc; Current Sr Advisor, Ecmc)	$427,664	$0	$17,459
Chad Tate (Ecmc President (Effective 07 03 22); Senior Vice President, Operations (Until 07 02 22))	$376,797	$0	$67,010
Len B Hyde (Former Vp, Default Management)	$365,350	$0	$5,691
Therese B Bickler (Vp, Ecmc Operations)	$312,028	$0	$64,863
Paula J Craw (Vp, Outreach)	$255,129	$0	$30,790
Leslie Naake (Business Systems Analyst Lead)	$226,173	$0	$22,542
Nathan Vickery (Sr Dir, Repayment Success Center)	$220,114	$0	$54,551
J Hamlin Sjoberg (Dir, Guarantor Services)	$209,494	$0	$38,098
Derek Langhauser (Director)	$0	$130,000	$0
Diana J Ingram (Director)	$0	$138,750	$0
Jack O'connell (Director)	$0	$135,000	$0
James Runcie (Director)	$0	$86,250	$0
James V Mc Keon (Board Chair)	$0	$193,750	$0
Jennifer Anderson (Director)	$0	$91,875	$0
Jeremy J Wheaton (President & Ceo, Ecmc Group, Inc. (Until 07 02 22))	$0	$1,241,931	$121,714
Julia S Gouw (Director)	$0	$155,000	$0
K Paul Singh (Director)	$0	$142,500	$0
Maurice M Salter (Director)	$0	$157,500	$0
Daniel S Fisher (Group President & Ceo (Eff. 07 03 22); Ecmc Pres & Group Gen Counsel & Corp Sec (Until 07 02 22))	$0	$823,522	$100,834
Martin A Scanlon (Cfo & Treasurer)	$0	$709,896	$91,649
Gregory A Van Guilder (Former Cfo; Current Cio, Ecmc Group)	$0	$1,338,903	$106,613
I King Jordan (Former Director)	$0	$30,000	$0
John F De Podesta (Former Board Chair)	$0	$75,000	$0
Roberta Cooper Ramo (Former Director)	$0	$60,000	$0
Stephen H Hansen (Former Vp, It Ecmc; Current Vp, It, Ecmc Shared Services)	$0	$305,012	$61,989

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990

Filed on Nov. 11, 2022

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2020

Revenue

$274,395,445

Expenses

$293,177,543

Net Income

-$18,782,098

Net Assets

$9,408,524

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$925,578	0.3%
Program Services	$273,284,750	99.6%
Investment Income	$149,818	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$35,299	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,315,380	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,999,689	13.3%

Assets/Debt
Total Assets	$904,889,623
Total Liabilities	$895,481,099
Net Assets	$9,408,524

Compensation

Key Employees and Officers	Compensation	Related	Other
Janice A Hines (President & Ceo, Ecmc (Until 06 30 20), Sr Advisor, Ecmc (Effective 07 01 20))	$690,026	$0	$85,687
Len B Hyde (Vp, Default Management)	$394,384	$0	$81,512
Therese B Bickler (Vp, Ecmc Operations)	$351,171	$0	$69,813
Chad Tate (Svp, Operations)	$295,390	$0	$61,106
Paula J Craw (Vp, Outreach)	$244,357	$0	$41,934
Darrell Mott (Mgr, Business Systems)	$225,517	$0	$13,111
Nathan Vickery (Sr Dir, Repayment Success Center)	$214,426	$0	$51,783
J Hamlin Sjoberg (Dir, Guarantor Services)	$187,613	$0	$37,164
Han Cho (Dir, Portfolio Management)	$180,199	$0	$50,580
Jan Jacobson (Dir, Customer Service)	$179,883	$0	$53,914
Derek Langhauser (Director)	$0	$71,875	$0
Diana J Ingram (Director)	$0	$133,750	$0
Jack O'connell (Director)	$0	$130,000	$0
James V Mc Keon (Board Chair)	$0	$191,250	$0
Jeremy J Wheaton (President & Ceo, Ecmc Group, Inc.)	$0	$1,136,906	$117,083
Julia S Gouw (Director)	$0	$157,500	$0
K Paul Singh (Director)	$0	$137,500	$0
Maurice M Salter (Director)	$0	$152,500	$0
Daniel S Fisher (Ecmc President (Effective 07 01 20); Group General Counsel & Corp Sec)	$0	$687,972	$95,259
Martin A Scanlon (Cfo & Treasurer)	$0	$686,542	$90,517
Gregory A Van Guilder (Former Cfo; Current Cio, Ecmc Group)	$0	$1,072,370	$96,552
I King Jordan (Former Director)	$0	$30,000	$0
John F De Podesta (Former Board Chair)	$0	$100,000	$0
Roberta Cooper Ramo (Former Director)	$0	$75,000	$0
Stephen H Hansen (Former Vp, It; Current Vp, It Ecmc Shared Services)	$0	$302,179	$38,936

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990

Filed on Nov. 10, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$322,133,758

Expenses

$320,180,510

Net Income

$1,953,248

Net Assets

$28,190,622

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,256,993	0.7%
Program Services	$319,718,755	99.3%
Investment Income	$729,719	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$571,709
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,922,422	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$46,380,384	14.5%

Assets/Debt
Total Assets	$1,053,060,876
Total Liabilities	$1,024,870,254
Net Assets	$28,190,622

Compensation

Key Employees and Officers	Compensation	Related	Other
Janice A Hines (President & Ceo, Ecmc)	$724,849	$0	$80,740
Len B Hyde (Vp, Default Management)	$307,343	$0	$67,503
Therese B Bickler (Vp, Ecmc Operations)	$286,046	$0	$59,748
Arthur A Gonzales (Dir, Internal Collections)	$241,621	$0	$31,686
Paula J Craw (Vp, Outreach)	$227,691	$0	$41,296
Dawn M Snyder (Dir, Default Prevention)	$198,722	$0	$39,380
J Hamlin Sjoberg (Dir, Guarantor Services)	$186,343	$0	$34,239
Nathan Vickery (Sr Dir, Repayment Success Center)	$185,439	$0	$45,667
Rodney R Ibanez (Mgr, Collections)	$175,223	$0	$19,719
Chad Tate (Svp, Operations)	$109,933	$0	$17,273
Richard J Boyle (Former Director/Ecmc Group Ceo)	$16,362	$0	$0
Diana J Ingram (Director)	$0	$122,774	$0
Jack O'connell (Director)	$0	$126,524	$0
James V Mc Keon (Director)	$0	$167,774	$0
Jeremy J Wheaton (President & Ceo, Ecmc Group, Inc.)	$0	$1,070,579	$109,874
John F De Podesta (Board Chair)	$0	$180,274	$0
Julia S Gouw (Director)	$0	$125,274	$0
K Paul Singh (Director)	$0	$127,774	$0
Maurice M Salter (Director)	$0	$140,274	$0
Daniel S Fisher (General Counsel & Corporate Secretary)	$0	$617,831	$88,346
Martin A Scanlon (Cfo & Treasurer)	$0	$578,981	$80,453
Gregory A Van Guilder (Former Cfo, Current Cio, Ecmc Group, Inc.)	$0	$1,008,187	$92,268
I King Jordan (Former Director)	$0	$30,274	$0
Peter J Taylor (Former Director, Current President & Director, Ecmc Foundation)	$0	$738,224	$126,935
Roberta Cooper Ramo (Former Director)	$0	$75,274	$0
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990

Filed on Nov. 13, 2020

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2018

Revenue

$370,174,232

Expenses

$351,286,093

Net Income

$18,888,139

Net Assets

$26,237,374

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$369,655,238	99.9%
Investment Income	$518,994	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,813,953	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$41,027,791	11.7%

Assets/Debt
Total Assets	$945,525,907
Total Liabilities	$919,288,533
Net Assets	$26,237,374

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Janice A Hines (President & Ceo)	$706,476	$0	$80,201
Len B Hyde (Vp, Default Management)	$328,348	$0	$64,030
Therese B Bickler (Vp, Ecmc Operations)	$299,307	$0	$57,607
Paula J Craw (Vp, Outreach)	$239,469	$0	$38,515
J Hamlin Sjoberg (Dir, Guarantor Services)	$181,197	$0	$33,791
Dawn M Snyder (Dir, Default Prevention)	$174,017	$0	$50,800
Janet Slagsvold Jacobson (Dir, Customer Service)	$171,746	$0	$45,694
Han Cho (Dir, Portfolio Management)	$170,269	$0	$48,854
Nathan Vickery (Dir, Solutions)	$165,311	$0	$39,544
Richard J Boyle (Former Director/Ecmc Group Ceo)	$16,075	$0	$0
John F De Podesta (Board Chair)	$0	$180,500	$0
Julia Gouw (Director)	$0	$128,000	$0
Diana J Ingram (Director)	$0	$122,500	$0
I King Jordan (Director)	$0	$117,500	$0
James V Mc Keon (Director)	$0	$155,000	$0
Jack O'connell (Director)	$0	$122,500	$0
Maurice M Salter (Director)	$0	$140,000	$0
K Paul Singh (Director)	$0	$124,000	$0
Jeremy J Wheaton (President & Ceo Ecmc Group, Inc.)	$0	$746,904	$89,228
Daniel S Fisher (General Counsel/Corp Secretary)	$0	$558,196	$79,105
Martin A Scanlon (Cfo & Treasurer)	$0	$623,772	$69,806
Stephen H Hansen (Vp, Information Technology)	$0	$297,787	$35,105
Heidi J Johnson (Chief Of Staff, Ecmc)	$0	$370,693	$66,508
Kathleen M King (Vp, Finance & Controller)	$0	$311,661	$24,965
Hugh E Mc Sherry (Vp, Corporate Services)	$0	$278,184	$51,397
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990

Filed on Nov. 8, 2019

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2017

Revenue

$405,151,558

Expenses

$435,118,916

Net Income

-$29,967,358

Net Assets

$7,349,235

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$405,010,251	100.0%
Investment Income	$237,637	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$96,330
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,746,069	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$41,633,406	9.6%

Assets/Debt
Total Assets	$888,390,912
Total Liabilities	$881,041,677
Net Assets	$7,349,235

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Janice A Hines (President & Ceo Ecmc)	$665,425	$0	$78,288
Len B Hyde (Vp Default Management)	$344,904	$0	$64,666
Therese B Bickler (Vp Ecmc Operations)	$295,787	$0	$56,626
March H Kessler (Dir Outreach)	$258,565	$0	$14,908
Paula J Craw (Vp Outreach & Financial Literacy)	$207,184	$0	$33,188
Arthur R Gonzales (Dir Internal Collections)	$170,093	$0	$44,186
Han Cho (Dir Portfolio Management Group)	$165,247	$0	$46,683
Melissa C Hogmire (Dir Internal Collections)	$163,662	$0	$47,563
Dawn M Snyder (Dir Default Prevention)	$162,356	$0	$47,735
Janet Slagsvold Jacobson (Dir Customer Service)	$161,707	$0	$45,015
Richard J Boyle (Former Director/Ecmc Group Ceo)	$15,946	$0	$0
John F De Podesta (Board Chair)	$0	$183,000	$0
Roberta Cooper Ramo (Director)	$0	$138,000	$0
Julia Gouw (Director)	$0	$123,000	$0
I King Jordan (Director)	$0	$110,000	$0
James V Mc Keon (Director)	$0	$160,000	$0
Jack O'connell (Director)	$0	$117,500	$0
Maurice M Salter (Director)	$0	$140,000	$0
K Paul Singh (Director)	$0	$101,250	$0
Jeremy J Wheaton (President & Ceo Ecmc Group, Inc.)	$0	$363,102	$36,780
Daniel S Fisher (General Counsel/Corp Secretary)	$0	$387,888	$68,090
Gregory A Van Guilder (Chief Financial Officer (Until 11 08 17))	$0	$606,861	$81,152
Martin A Scanlon (Svp Finance & Cfo, Ecmc (Effective 11 09 17))	$0	$400,852	$68,161
Stephen H Hansen (Vp Information Technology)	$0	$243,005	$29,811
Heidi J Johnson (Vp Enterprise Risk Management & Strategic Initiatives)	$0	$281,260	$61,766
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990

Filed on Nov. 14, 2018

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2016

Revenue

$403,557,200

Expenses

$403,193,648

Net Income

$363,552

Net Assets

$37,316,593

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$403,433,539	100.0%
Investment Income	$123,661	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,386,581	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,637,128	10.6%

Assets/Debt
Total Assets	$876,663,538
Total Liabilities	$839,346,945
Net Assets	$37,316,593

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Len B Hyde (Vp Default Management)	$326,434	$0	$59,513
Therese B Bickler (Vp Ecmc Operations)	$271,040	$0	$58,227
March H Kessler (Dir Student Success And Training)	$189,161	$0	$29,571
Paula J Craw (Vp Outreach & Financial Literacy)	$180,125	$0	$29,317
Janice A Hines (President & Ceo Ecmc)	$164,305	$379,461	$43,266
Arthur R Gonzales (Dir Internal Collections)	$162,848	$0	$40,144
Han Cho (Dir Portfolio Management Group)	$160,815	$0	$43,919
Dawn M Snyder (Dir Default Prevention)	$158,253	$0	$43,639
Janet K Slagsvold Jacobson (Dir Customer Service)	$157,549	$0	$46,751
Melissa C Hogmire (Dir Internal Collections)	$157,429	$0	$43,327
Abigail Seldin (Vp Innovation And Product Management)	$3,846	$246,442	$50,565
Stephen H Hansen (Vp Information Technology)	$3,558	$262,330	$32,066
David L Hawn (Group Ceo & President)	$0	$1,083,898	$42,998
John Depodesta (Board Chair)	$0	$183,000	$0
Gary Cook (Director)	$0	$130,000	$0
Roberta Cooper Ramo (Director)	$0	$145,500	$0
Julia Gouw (Director)	$0	$130,500	$0
I King Jordan (Director)	$0	$125,000	$0
James Mckeon (Director)	$0	$167,500	$0
Jack O'connell (Director)	$0	$120,000	$0
Maurice Salter (Director)	$0	$147,500	$0
Gregory A Van Guilder (Chief Financial Officer)	$0	$852,414	$59,520
Daniel S Fisher (General Counsel/Corp Secretary)	$0	$516,779	$50,781
Heidi J Johnson (Vp Enterprise Risk Management & Strategic Initiatives)	$0	$371,393	$56,880
Kathleen M King (Vp Finance & Controller)	$0	$312,728	$48,659
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990

Filed on Nov. 10, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2015

Revenue

$428,120,064

Expenses

$394,886,972

Net Income

$33,233,092

Net Assets

$42,901,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$428,080,966	100.0%
Investment Income	$39,098	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,620,509	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,003,063	10.6%

Assets/Debt
Total Assets	$961,783,299
Total Liabilities	$918,881,750
Net Assets	$42,901,549

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Len Hyde (Vice President)	$314,151	$0	$59,795
Therese Bickler (Vice President)	$289,061	$0	$57,400
Stephen Hansen (Vice President)	$273,421	$0	$32,625
Dean Vandecoevering (Dir Data Warehousing/Business Intelligence)	$251,607	$0	$28,846
Abigail Seldin (Vice President)	$251,419	$0	$45,792
Paula Craw (Dir Outreach/Financial Literacy)	$205,282	$0	$29,878
Adam Trampe (Vp Compliance)	$203,842	$0	$35,584
Aaron Woodrich (Director, It Infrastructure)	$198,871	$0	$45,038
Troy Gunderman (Dir Litigation)	$185,796	$0	$44,239
March Kessler (Executive Director)	$171,194	$22,208	$32,022
David Hawn (Group Ceo & President)	$0	$1,018,467	$101,323
John Depodesta (Board Chair)	$0	$189,638	$0
Gary Cook (Director)	$0	$140,388	$0
Julia Gouw (Director)	$0	$54,000	$0
I King Jordan (Director)	$0	$105,000	$0
James Mckeon (Director)	$0	$160,000	$0
Jack O'connell (Director)	$0	$102,500	$0
Roberta Cooper Ramo (Director)	$0	$124,250	$0
Maurice Salter (Director)	$0	$130,496	$0
Gregory Van Guilder (Chief Financial Officer)	$0	$884,417	$92,437
Daniel Fisher (Secretary/General Counsel)	$0	$591,979	$70,788
Heidi Johnson (Vice President)	$0	$472,650	$66,285
Heather Renner (Vice President)	$0	$315,663	$49,867
Edward Spear (Chief Information Officer)	$0	$281,223	$3,944
Kathleen King (Controller/Vice President)	$0	$313,146	$49,358
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990

Filed on Nov. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2014

Revenue

$391,897,959

Expenses

$411,988,700

Net Income

-$20,090,741

Net Assets

$2,638,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$391,952,346	> 100%
Investment Income	$47,429	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$101,816
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,318,958	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$44,767,627	10.9%

Assets/Debt
Total Assets	$681,510,408
Total Liabilities	$678,872,170
Net Assets	$2,638,238

Compensation

Key Employees and Officers	Compensation	Related	Other
Janice Hines (President/Ceo (Until 5/31/2014)/Chief Relationship Officer)	$444,518	$0	$60,380
Len Hyde (Vice President)	$317,650	$0	$55,282
Rebecca Bernhard (Vice President)	$304,436	$0	$31,300
Therese Bickler (Vice President)	$283,694	$0	$56,179
Stephen Hansen (Vice President)	$273,824	$0	$32,405
Dean Vandecoevering (Director, Financial Planning And Analysis)	$241,960	$0	$28,941
Renee Jennrich (Vice President)	$236,111	$0	$25,879
Martin Scanlon (Vice President)	$216,582	$0	$41,491
Deborah Rude (Vice President)	$214,421	$0	$27,791
David Peterson (Account Specialist)	$214,413	$0	$30,696
Tiffany Thompson (Director, Finance)	$203,799	$0	$29,664
Paula Craw (Vice President)	$193,212	$0	$28,616
Aaron Woodrich (Director, It Infrastructure)	$171,972	$0	$42,828
Troy Gunderman (Director, Legal)	$168,140	$0	$41,710
Jk Slagsvold Jacobson (Director, Customer Service)	$153,319	$0	$39,848
Janeen Lagrace (Vice President)	$118,777	$0	$8,332
Abigail Seldin (Vice President)	$92,363	$0	$8,309
David Hawn (Group Ceo (Effective 02/01/2014) & President)	$0	$732,831	$69,505
Gary Cook (Director)	$0	$90,325	$0
Roberta Cooper Ramo (Director)	$0	$98,753	$0
John Depodesta (Board Chair)	$0	$141,825	$0
I King Jordan (Director)	$0	$83,503	$0
James Mckeon (Director)	$0	$110,253	$0
Jack O'connell (Director)	$0	$83,020	$0
Maurice Salter (Director)	$0	$102,770	$0
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990

Filed on Nov. 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$455,413,491

Expenses

$523,114,742

Net Income

-$67,701,251

Net Assets

$23,612,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$455,327,019	100.0%
Investment Income	$86,472	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,313,422	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$39,496,265	7.6%

Assets/Debt
Total Assets	$583,597,158
Total Liabilities	$559,984,900
Net Assets	$23,612,258

Compensation

Key Employees and Officers	Compensation	Related	Other
Janice Hines (President/Ceo)	$437,991	$0	$64,899
Heidi Johnson (Exec Vice President)	$419,064	$0	$75,219
Martin Scanlon (Sr Vice President)	$334,062	$0	$68,578
Len Hyde (Sr Vice President)	$292,362	$0	$62,604
Rebecca Bernhard (Sr Vice President)	$245,860	$0	$56,018
Therese Bickler (Sr Vice President)	$241,670	$0	$57,502
Stephen Hansen (Sr Vice President)	$239,090	$0	$30,352
Michael Heffernan (Former Vice President)	$217,717	$0	$7,642
Tiffany Thompson (Director, Finance)	$215,550	$0	$31,436
Deborah Rude (Vice President)	$215,111	$0	$28,646
David Peterson (Account Specialist)	$214,202	$0	$35,596
Renee Jennrich (Vice President)	$195,598	$0	$42,334
Janeen Lagrace (Vice President)	$183,198	$0	$53,820
Richard Harding (Director, It)	$165,739	$0	$44,980
Paula Craw (Vice President)	$163,808	$0	$26,465
Arthur Gonzales (Director, Collections)	$152,750	$0	$39,945
Jk Slagsvold Jacobson (Former Director, Default Prevention/Claims)	$146,297	$0	$44,046
Robert Hedrick (Director, It)	$144,195	$0	$53,155
Gary Cook (Director)	$0	$74,559	$0
I King Jordan (Director)	$0	$66,000	$0
Jack O'connell (Director)	$0	$62,000	$0
James Mckeon (Director)	$0	$98,000	$0
John Depodesta (Director)	$0	$105,559	$0
Maurice Salter (Director)	$0	$83,500	$0
Peter Taylor (Director)	$0	$59,000	$0
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990

Filed on Nov. 11, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$426,602,413

Expenses

$575,602,745

Net Income

-$149,000,332

Net Assets

$81,826,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$426,103,191	99.9%
Investment Income	$499,222	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,555,433	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$36,332,156	6.3%

Assets/Debt
Total Assets	$682,872,235
Total Liabilities	$601,045,490
Net Assets	$81,826,745

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$383,140,483

Expenses

$295,529,395

Net Income

$87,611,088

Net Assets

$230,827,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$382,905,105	99.9%
Investment Income	$235,378	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,839,015	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$47,287,251	16.0%

Assets/Debt
Total Assets	$802,387,300
Total Liabilities	$571,560,223
Net Assets	$230,827,077

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Educational Credit Management Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $318M (2023)

Expenses $362M (2023)

Total Assets $295M (2023)

Total Liabilities $257M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Revenue

$318M (2023)

Expenses

$362M (2023)

Total Assets

$295M (2023)

Total Liabilities

$257M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001

Fiscal Year Ending March
2001