Ecmc Education Inc
Only 13% goes to programs $0 to raise $100 Thin reserves Declining revenue
Ecmc Education Inc is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2014, with $14,039,865 in FY2024 revenue. CharityIndex grades it C, and it directs about 13% of spending to programs.
111 Washington Ave S Ste 1400, Minneapolis, MN, 55401 EIN 47-2237488 Since 2014
Revenue (FY2024)
$14.0M
▼ 55.6% vs prior year
Education median: $200K
Expenses (FY2024)
$4.6M
Net assets
-$13.2M
Employees
7
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →CProgram efficiency40% of the rating13% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Ecmc Education Inc: 13% to programs · $0 to raise $100 earns a C on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +68% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ecmc Education Inc: 0 mo reserves · +68% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Ecmc Education Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ecmc Education Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Transform career and technical education to provide aspiring and current learners with skills to elevate their carrers and communities.
What they do
Grants and scholarships:ecmc education, inc. offers the following scholarship and grant programs to make college affordable for our students: altierus grants, in it together scholarships, employee and military scholarships. funds are available to pay for tuition, books and fees.the altierus grant is an institutional grant program awarded on an annual basis to students of altierus schools owned by ecmc education, inc. who demonstrate financial need. the amount and source of the grant, which can be up to $10,000 per academic year, is available for new and continuing students and may vary by student based on the demonstrated financial assistance needed and institutional grant funding availability. altierus military scholarships offer up to 10% of tuition per term or academic period for their spouses, as well as for veterans and their dependents using va education benefits. as of december 31, 2023, ecmc education, inc. no longer enrolls any students and voluntarily ceased participation with title iv programs in alignment with the planned closures of the three campuses during 2023.
Contact & location
- Address
- 111 Washington Ave S Ste 1400, Minneapolis, MN, 55401
- City
- Minneapolis
- State
- Minnesota
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $25.0M (FY2014) to $14.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $16.1MNet assets -$13.2M
Operating margin
67.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.9M
Total liabilities
$16.1M
Net assets
-$13.2M
Salaries & benefits
$288K
6% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $14,039,865▼55.6% | $4,551,007▼64.6% | -$13,170,915▲41.9% | $2,944,520▼50.0% | 990 |
| 2023 | $31,590,718▼27.4% | $12,858,781▼74.2% | -$22,659,773▲45.3% | $5,890,322▼50.1% | 990 |
| 2022 | $43,495,652▼26.6% | $49,769,201▼2.5% | -$41,391,710▼17.9% | $11,798,068▲32.3% | 990 |
| 2021 | $59,276,530▼23.5% | $51,025,086▲35.4% | -$35,118,161▲19.0% | $8,920,568▼12.5% | 990 |
| 2020 | $77,523,596▲11.2% | $37,695,409▼27.4% | -$43,368,663▲47.9% | $10,196,836▼0.2% | 990 |
| 2019 | $69,741,994▼59.5% | $51,953,218▼75.5% | -$83,196,850▲17.6% | $10,222,127▼7.0% | 990 |
| 2018 | $172,275,342▼37.4% | $212,019,754▼28.8% | -$100,985,626▼64.9% | $10,990,662▼46.1% | 990 |
| 2017 | $275,130,079▼59.5% | $297,744,429▼32.6% | -$61,241,214▼58.5% | $20,379,979▼52.0% | 990 |
| 2016 | $678,816,804▲97.2% | $441,725,486▼31.0% | -$38,626,864▲85.8% | $42,450,451▼60.9% | 990 |
| 2015 | $344,257,593▲1277% | $640,501,046 | -$271,242,528▼1185% | $108,564,916▲334% | 990 |
| 2014 | $25,000,925 | $0 | $25,000,925 | $25,000,925 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jacob Kassuba — $365,471 (8.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jacob Kassuba | Vp, Campus Operations-thru 5/18 | 40 | $365,471 |
| Joni Kurland | Vp, Accred & Campus Compl-thru 1/13 | 40 | $212,563 |
| Nikiti Harp | Dir, Career Services-thru 4/20 | 40 | $108,649 |
| Brian Boardman | General Counsel & Corp Secretary | 0 | — |
| Daniel Fisher | President & Ceo, Ecmc Group | 0 | — |
| Derek Langhauser | Director | 0 | — |
| Diana J Ingram | Director | 0 | — |
| Jack O'connell | Director | 0 | — |
| James Runcie | Director | 0 | — |
| James V Mckeon | Director | 0 | — |
| Jennifer Anderson | Director | 0 | — |
| Jeremy Wheaton | Former President & Ceo, Ecmc Group | 0 | — |
| John F Depodesta | Former Board Chair | 0 | — |
| Julia S Gouw | Director | 0 | — |
| K Paul Singh | Board Chair | 0 | — |
| Martin Scanlon | Cfo & Treasurer | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Chestnut Ridge Construction Inc | Facility Services | $1,212,432 |
| Jones Lang Lasalle Americas Inc | Facility Services | $442,095 |
| Allied Universal Security Services | Guard & Security Monitoring Services | $178,905 |
| Encotech Services LLC | Facility Services | $102,030 |
Grants received · $983.4M total
17 grants to Ecmc Education Inc totaling $983.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ecmc Group Inc | General support | 2024 | $9,600,000 |
| Ecmc Group Inc | General support | 2023 | $18,959,896 |
| Ecmc Group Inc | General support | 2022 | $26,296,902 |
| Ecmc Group Inc | General support | 2021 | $26,626,736 |
| Ecmc Foundation | Career readiness & program support | 2021 | $2,000,000 |
| Ecmc Group Inc | General support | 2020 | $43,123,000 |
| Ecmc Foundation | Program support | 2020 | $3,000,000 |
| Ecmc Group Inc | General support | 2019 | $43,500,000 |
| Ecmc Foundation | Mission & career readiness | 2019 | $5,000,000 |
| Ecmc Group Inc | General support | 2018 | $134,000,000 |
| Ecmc Foundation | Mission & career readiness | 2018 | $6,566,800 |
| Ecmc Group Inc | General support | 2017 | $145,000,000 |
| Ecmc Foundation | Mission & cfi | 2017 | $4,698,459 |
| Ecmc Group Inc | General support | 2016 | $478,270,902 |
| Ecmc Foundation | Mission & campaign for innovation | 2016 | $7,829,393 |
Grants made · $596K in FY2022
18 grants totaling $596K in FY2022 — showing the 15 largest. All grants made by Ecmc Education Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Jeremiah Program | Supply chromebooks for educational use | $175,684 |
| Brooklyn Center High School | Supply chromebooks for educational use | $76,607 |
| Lane College | Supply chromebooks for educational use | $54,719 |
| Voorhees University | Supply chromebooks for educational use | $41,039 |
| Adopt-a-classroom Inc | Supply chromebooks for educational use | $27,360 |
| Hiawatha Academies | Supply chromebooks for educational use | $27,086 |
| Universidad Del Sagrado Corazon Inc | Supply chromebooks for educational use | $26,539 |
| El Colegio Charter School | Supply chromebooks for educational use | $19,152 |
| La Oportunidad | Supply chromebooks for educational use | $19,152 |
| Metro Schools | Supply chromebooks for educational use | $19,152 |
| Minnesota Transitions Chartered School | Supply chromebooks for educational use | $19,152 |
| Sejong Academy | Supply chromebooks for educational use | $19,152 |
| Venture Academies | Supply chromebooks for educational use | $19,152 |
| St Paul Public Schools - Project Reach & Fostering Connections | Supply chromebooks for educational use | $16,689 |
| Urban Ventures Leadership Foundation | Supply chromebooks for educational use | $13,680 |
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Frequently asked questions
- Is Ecmc Education Inc a legitimate nonprofit?
- Yes. Ecmc Education Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-2237488, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Ecmc Education Inc's EIN?
- Ecmc Education Inc's Employer Identification Number (EIN) is 47-2237488.
- How much revenue does Ecmc Education Inc report?
- Ecmc Education Inc reported $14,039,865 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Ecmc Education Inc's spending goes to programs?
- Ecmc Education Inc spends about 13% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Ecmc Education Inc have?
- CharityIndex grades Ecmc Education Inc C, based on program efficiency and fundraising cost.
- How much does Ecmc Education Inc's highest-paid employee make?
- The highest reported compensation on Ecmc Education Inc's latest Form 990 is $365,471, paid to Jacob Kassuba (Vp, Campus Operations-thru 5/18).
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Explore more
Data for Ecmc Education Inc (EIN 47-2237488) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.