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Educational Credit Management Corporation

Public charityFed auditsIRS 990
DBA: MANAGEMENT CORPORATION
Research & Policy · MINNEAPOLIS, MN · EIN 41-1778617
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About

Educational credit management corporation (ECMC) provides financial counseling and education to empower students to make better choices about their futures.

DBA Management Corporation

Donations are tax-deductible
Category
Research & Policy
Employees
250
Volunteers
0

Financial Snapshot

FY ending 2024-12-31
Revenue
$265.0M
Expenses
$261.6M
Assets
$209.1M
Liabilities
$167.2M

Financial history

$435.1M$217.6M$0
161718192021222324
RevenueExpenses
Latest FY2024: $265.0M · Peak FY2017: $405.2M · Avg: $354.7M

Foreign activity (Schedule F)

Total spent abroad$67K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
EAST ASIA AND THE PACIFIC——

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
—
Lobbying
$183K
Grants Given
$47.1M
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
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Address

111 Washington AVE S1400
Minneapolis, MN, 55401-000

Governance

Voting board members9
Independent members8
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %100.0%
Permanent endowment %0.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
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