Why Ecmc Group
FY2024 · Form 990Its mission and biggest programs, as filedEmpowers underserved communities by funding, creating, and investing in innovative educational opportunities, grants, and sponsorships to help students thrive.
- 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…$145.5M spent in FY2024
- 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…$105.1M spent in FY2024
- Grants & sponsorships:grants and sponsorships supplied by Ecmc Group, INC. To schools and individuals in support of its tax-exempt purpose.$640K spent in FY2024
Before you apply
FY2024 · Form 990Independent: from IRS data, not the orgPays its leaders
$323K–$1.4M
12 officers reported
Fine: from the org's Form 990.
Pt VII · Sec A
Budget
$281.0M
spent in FY2024
Fine: from the org's Form 990.
Pt I · Ln 18
Staff
243
employees
Fine: from the org's Form 990.
Pt I · Ln 5–6
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Surplus or deficit
+44%
of revenue, FY2024
Looks good: revenue was at least expenses in the latest filing.
Pt I · Ln 19
Cash reserves
56 mo
of spending, in cash and securities
Looks good: 56.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file
IRS status
501(c)(3)
tax-exempt since 2001
Looks good: listed by the IRS.
IRS BMF
Looks goodFineWorth a lookConcernTap a box for the reason.
About Ecmc Group
From its Form 990- Budget $501.3M · Education
- Staff 243 · founded 2000
- Pays its leaders $323K–$1.4M (12 reported)
- Open jobs 13 · Jobs at Ecmc Group · Full 990 report