Civic Intelligence

Ecmc Foundation

990 • Fiscal year 2011 • EIN 41-1990628

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 08, 2012

Organization Profilewww.ecmcfoundation.org
1 Imation Place Building 255128-3422
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.88x

Higher debt load relative to assets than 88% of similar nonprofits.

2011 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

100th percentile

774%

Faster asset growth than 100% of similar nonprofits.

2011 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$47,897,705

Up $42,420,372 (+774%) from 2010

Net Assets

Up

$5,516,606

Up $872,000 (+19%) from 2010

Liabilities

Up

$42,381,099

Up $41,548,372 (+4989%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$64,184,404

Up $62,367,157 (+3432%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0B$1.5B$1.0B$500M$0Assets 2010: $5,477,333Liabilities 2010: $832,727Net Assets 2010: $4,644,6062010Assets 2011: $47,897,705Liabilities 2011: $42,381,099Net Assets 2011: $5,516,6062011Assets 2012: $85,972,455Liabilities 2012: $29,829,847Net Assets 2012: $56,142,6082012Assets 2013: $160,917,555Liabilities 2013: $50,319,465Net Assets 2013: $110,598,0902013Assets 2014: $267,688,474Liabilities 2014: $1,199,285Net Assets 2014: $266,489,1892014Assets 2015: $365,977,174Liabilities 2015: $7,075,548Net Assets 2015: $358,901,6262015Assets 2016: $652,335,423Liabilities 2016: $13,509,015Net Assets 2016: $638,826,4082016Assets 2017: $753,325,273Liabilities 2017: $15,062,500Net Assets 2017: $738,262,7732017Assets 2018: $733,045,279Liabilities 2018: $20,623,096Net Assets 2018: $712,422,1832018Assets 2019: $718,792,503Liabilities 2019: $26,518,600Net Assets 2019: $692,273,9032019Assets 2020: $828,576,280Liabilities 2020: $26,248,343Net Assets 2020: $802,327,9372020Assets 2021: $1,089,464,777Liabilities 2021: $27,344,950Net Assets 2021: $1,062,119,8272021Assets 2022: $1,575,921,479Liabilities 2022: $29,183,730Net Assets 2022: $1,546,737,7492022Assets 2023: $1,698,761,256Liabilities 2023: $38,678,777Net Assets 2023: $1,660,082,4792023Assets 2024: $1,951,301,209Liabilities 2024: $49,924,373Net Assets 2024: $1,901,376,8362024

Highlighted filing

2011

Assets$47,897,705
Liabilities$42,381,099
Net Assets$5,516,606
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0-$200MExpenses 2010: $1,817,2472010Expenses 2011: $64,184,4042011Expenses 2012: $2,886,3292012Revenue 2013: $153,847,029Expenses 2013: $101,143,214Net Income 2013: $52,703,8152013Revenue 2014: $151,333,024Expenses 2014: $3,479,876Net Income 2014: $147,853,1482014Revenue 2015: $115,486,032Expenses 2015: $17,342,876Net Income 2015: $98,143,1562015Revenue 2016: $276,794,659Expenses 2016: $31,176,926Net Income 2016: $245,617,7332016Revenue 2017: $30,386,184Expenses 2017: $27,378,634Net Income 2017: $3,007,5502017Revenue 2018: $36,298,841Expenses 2018: $41,421,986Net Income 2018: -$5,123,1452018Revenue 2019: $43,379,508Expenses 2019: $42,333,771Net Income 2019: $1,045,7372019Revenue 2020: $47,003,551Expenses 2020: $56,945,474Net Income 2020: -$9,941,9232020Revenue 2021: $46,859,234Expenses 2021: $48,143,092Net Income 2021: -$1,283,8582021Revenue 2022: $501,684,291Expenses 2022: $46,971,911Net Income 2022: $454,712,3802022Revenue 2023: $58,219,618Expenses 2023: $65,662,081Net Income 2023: -$7,442,4632023Revenue 2024: $82,572,335Expenses 2024: $76,633,109Net Income 2024: $5,939,2262024

Highlighted filing

2011

Revenue-
Expenses$64,184,404
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 8, 2012
Return Version
2011v1.2
Gross Receipts
$65,056,404
Mission and Program Overview

Mission

ECMC Foundation's mission is to improve higher education and career success among underserved populations through evidence-based innovation.

Major Activities

Activity 2
Ecmc scholars: the ecmc scholars program is a high school mentoring program designed to increase participation in higher education for low-income individuals, as well as, for those who may be the first member of their family to have an opportunity to attend college. The program challenges these students to better prepare for higher education during their junior and senior years of high school. To date, ecmc foundation has pledged more than $10.8 million in scholarships to 1,790 students in this
Activity 3
The college place: the college place works to help individuals of all ages pursue opportunities for higher education. The college place provides free assistance and resources about schools, the cost of education, financial aid and admissions. There are currently five college access centers-two centers in virginia and one center each in oregon, connecticut and california. In 2011, 16,683 people were assisted in the centers. The centers have assisted over 56,000 people since the inception of the p
Filing and Contact Details

Filer

EIN
41-1990628
Raw XML AppendixShowing 400 of 904 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Activity2/Description0ECMC SCHOLARS: THE ECMC SCHOLARS PROGRAM IS A HIGH SCHOOL MENTORING PROGRAM DESIGNED TO INCREASE PARTICIPATION IN HIGHER EDUCATION FOR LOW-INCOME INDIVIDUALS, AS WELL AS, FOR THOSE WHO MAY BE THE FIRST MEMBER OF THEIR FAMILY TO HAVE AN OPPORTUNITY TO ATTEND COLLEGE. THE PROGRAM CHALLENGES THESE STUDENTS TO BETTER PREPARE FOR HIGHER EDUCATION DURING THEIR JUNIOR AND SENIOR YEARS OF HIGH SCHOOL. TO DATE, ECMC FOUNDATION HAS PLEDGED MORE THAN $10.8 MILLION IN SCHOLARSHIPS TO 1,790 STUDENTS IN THIS
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IRS990/Activity3/Description0THE COLLEGE PLACE: THE COLLEGE PLACE WORKS TO HELP INDIVIDUALS OF ALL AGES PURSUE OPPORTUNITIES FOR HIGHER EDUCATION. THE COLLEGE PLACE PROVIDES FREE ASSISTANCE AND RESOURCES ABOUT SCHOOLS, THE COST OF EDUCATION, FINANCIAL AID AND ADMISSIONS. THERE ARE CURRENTLY FIVE COLLEGE ACCESS CENTERS-TWO CENTERS IN VIRGINIA AND ONE CENTER EACH IN OREGON, CONNECTICUT AND CALIFORNIA. IN 2011, 16,683 PEOPLE WERE ASSISTED IN THE CENTERS. THE CENTERS HAVE ASSISTED OVER 56,000 PEOPLE SINCE THE INCEPTION OF THE P
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IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine10EDU CREDIT MGMT CORP
IRS990ScheduleA/SupportedOrgInformation/OrganizedInUS0true
IRS990ScheduleA/SupportedOrgInformation/SupportedOrganizationNotified0true
IRS990ScheduleA/SupportedOrgInformation/TypeOfOrganization09
IRS990ScheduleA/SupportingOrg509a3Type20X
IRS990ScheduleA/SupportingOrganization509a30X
IRS990ScheduleA/TotalNumberOfSupportedOrgs01
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The FIN 48 (ASC 470) disclosure in the ECMC Group, Inc. and
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS READS AS FOLLOWS: "ECMC GROUP, ECMC AND THE FOUNDATION ARE NONPROFIT 501(C)(3) CORPORATIONS AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES." THE BALANCE OF THE DISCLOSURE IN THE FINANCIAL STATEMENTS PERTAINS TO RELATED ENTITIES BUT DOES STATE "GROUP HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2011." ---
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Pt X
IRS990ScheduleD/OtherAssets/BookValue020619051
IRS990ScheduleD/OtherAssets/BookValue18515
IRS990ScheduleD/OtherAssets/BookValue21033
IRS990ScheduleD/OtherAssets/Description0Due From ECMC Group, Inc.
IRS990ScheduleD/OtherAssets/Description1Due from Educational Credit Management Corporation
IRS990ScheduleD/OtherAssets/Description2Accrued Interest
IRS990ScheduleD/OtherLiabilities/Amount027054
IRS990ScheduleD/OtherLiabilities/Description0Due to ECMC Group, Inc.
IRS990ScheduleD/TotalBookValueOtherAssets020628599
IRS990ScheduleD/TotalOfAmounts027054
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant0688000
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant111750
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients0273
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients110
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0ECMC Scholars Scholarships
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant1The College Place Scholarships
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0Helping low-income students pursue higher education is core to ECMC Foundation's mission.
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation1As part of this mission as well as our commitment to the state of California, the ECMC
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation2Foundation Board of Directors approved a contribution in excess of $62 million for the
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation32011-12 Cal Grant Program. As the largest source of California state aid, Cal Grants
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation4help students in need gain access to higher education. Over the past two years, ECMC
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation5Foundation and its affiliates have contributed $246.7 million to the Cal Grant
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation6Program. These contributions translate into over 42,000 California students having
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation7the financial resources necessary to pursue their dream of a higher education.
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation8---
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation9The grants and assistance to the other organizations listed in Part II are minimal in nature
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation10and are issued in support of student financial aid conferences which do not require monitoring.
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation11ECMC Foundation scholarships listed in Part III are issued as jointly payable to
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation12the student and the school to ensure the funds are used for educational expenses.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0Pt I Line 2
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10PO BOX 419026
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11345 NO MONMOUTH AVE
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine12PO BOX 843062
IRS990ScheduleI/RecipientTable/AddressUS/City0RANCHO CORDOVA
IRS990ScheduleI/RecipientTable/AddressUS/City1MONMOUTH
IRS990ScheduleI/RecipientTable/AddressUS/City2RICHMOND
IRS990ScheduleI/RecipientTable/AddressUS/State0CA
IRS990ScheduleI/RecipientTable/AddressUS/State1OR

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$47,897,705
Liabilities
$42,381,099
Net assets
$5,516,606
Revenue
-
Expenses
$64,184,404
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,951$49.9$1,901$82.6$76.6$5.94
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,699$38.7$1,660$58.2$65.7$7.44
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,576$29.2$1,547$502$47.0$455
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,089$27.3$1,062$46.9$48.1$1.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$829$26.2$802$47.0$56.9$9.94
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$719$26.5$692$43.4$42.3$1.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$733$20.6$712$36.3$41.4$5.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$753$15.1$738$30.4$27.4$3.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$652$13.5$639$277$31.2$246
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$366$7.08$359$115$17.3$98.1
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$268$1.20$266$151$3.48$148
2013Detailed filing. Detailed filing data is available for this year.$161$50.3$111$154$101$52.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.0$29.8$56.1$2.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.9$42.4$5.52$64.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.48$0.83$4.64$1.82