Overview
What is Ecmc Education Inc?
Ecmc Education Inc, doing business as Altierus Career College, is a Minneapolis-based nonprofit organization dedicated to providing career school training in the postsecondary education industry. With a focus on allied health and trades, the institution offers diploma and associate degrees. ECmc Education Inc collaborates with faculty, industry leaders, and employers to identify necessary skills, competencies, behaviors, and certifications that meet the demands of the job market. The organization serves a diverse student population, with 65% being female, 87% non-white, and 59% older than 25 years. Additionally, 66% of students are first-time, first-year college students, and only 20% rely on their parents' financial resources. Ecmc Education Inc's mission is to transform career and technical education by equipping learners with skills to elevate their careers and communities. The institution's holistic approach emphasizes academic success, financial literacy, and career services to help students succeed in their chosen fields and secure well-paying jobs. The organization operates approximately three schools in three states and enrolls around 200 students as of December 31, 2022.
Official website here: www.ecmceducation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Ecmc Education Inc maintains an 80% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization benefits from a highly independent board, with 90% of its members being independent. Significant strengths include a strong program expense ratio of 69.02%, which suggests a substantial portion of its resources is directed towards its educational programs.
The nonprofit has also established comprehensive governance practices, evidenced by its robust policies on conflict of interest, whistleblower protections, and document retention. These practices contribute to the organization's transparency and accountability, allowing stakeholders to trust its operations and financial management.
However, while the organization's financial practices are commendable, there may be areas for improvement in maximizing the impact of its services. Despite the positive rating, ongoing monitoring of program effectiveness and financial health will ensure continued trust and support from donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Ecmc Education Inc legitimate?
Ecmc Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ecmc Education Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,146,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,595,350
For more financial information, click here
Official website here: www.ecmceducation.org
What is the mission statement of Ecmc Education Inc?
Ecmc Education Inc is dedicated to transforming career and technical education, equipping both aspiring and current learners with necessary skills to enhance their careers and communities. The organization focuses on the post-secondary education industry, offering opportunities with a emphasis on allied health and trades. Through collaboration with industry leaders and employers, ECmc Education Inc identifies essential skills and competencies, preparing graduates for employment in their chosen fields. The schools grant diplomas and associate degrees and serve a non-traditional, underserved student population. The organization provides individualized academic support, financial literacy counseling, and career counseling for successful program completion and job placement. ECmc Education Inc delivers a holistic learning experience, emphasizing graduation and job placement, and offers student activities to foster school spirit and develop student leadership.
Official website here: www.ecmceducation.org
Who is the CEO of Ecmc Education Inc?
Daniel S Fisher is the Grp Pres & Ceo, Edu Pres of Ecmc Education Inc. The CEO's salary of Ecmc Education Inc is $0 and their total compensation is $897,828.
Official website here: www.ecmceducation.org
What is the revenue of Ecmc Education Inc?
Ecmc Education Inc's revenue in 2022 was $43,495,652.
Official website here: www.ecmceducation.org
Who are the executives of Ecmc Education Inc and what are their salaries?
The average compensation at Ecmc Education Inc during 2022 was $64,252. There are 245 employees at Ecmc Education Inc.
Here are 29 key members and their salaries (Ecmc Education Inc's CEO's salary is $0 and their total compensation is $897,828):
- Compensation: $0
- Related: $152,500
- Other: $0
- Compensation: $0
- Related: $196,250
- Other: $0
- Compensation: $0
- Related: $156,250
- Other: $0
- Compensation: $0
- Related: $140,000
- Other: $0
- Compensation: $0
- Related: $137,500
- Other: $0
- Compensation: $0
- Related: $132,500
- Other: $0
- Compensation: $0
- Related: $127,500
- Other: $0
- Compensation: $0
- Related: $157,500
- Other: $0
- Compensation: $0
- Related: $155,000
- Other: $0
- Compensation: $0
- Related: $1,271,506
- Other: $52,529
- Compensation: $0
- Related: $1,013,493
- Other: $112,447
- Compensation: $0
- Related: $851,966
- Other: $96,996
- Compensation: $507,073
- Related: $0
- Other: $9,571
- Compensation: $358,364
- Related: $0
- Other: $22,255
- Compensation: $231,156
- Related: $0
- Other: $62,254
- Compensation: $365,248
- Related: $0
- Other: $26,116
- Compensation: $211,649
- Related: $0
- Other: $25,890
- Compensation: $313,164
- Related: $0
- Other: $13,704
- Compensation: $0
- Related: $382,212
- Other: $76,486
- Compensation: $0
- Related: $933,694
- Other: $35,017
- Compensation: $159,731
- Related: $0
- Other: $20,122
- Compensation: $120,887
- Related: $0
- Other: $44,339
- Compensation: $151,547
- Related: $0
- Other: $36,306
- Compensation: $141,079
- Related: $0
- Other: $45,898
- Compensation: $127,580
- Related: $0
- Other: $32,975
- Compensation: $0
- Related: $75,000
- Other: $0
- Compensation: $0
- Related: $60,000
- Other: $0
- Compensation: $0
- Related: $30,000
- Other: $0
- Compensation: $0
- Related: $719,867
- Other: $177,961
Official website here: www.ecmceducation.org
Where can I find the form 990 for Ecmc Education Inc?
Ecmc Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecmceducation.org
Learn more at the official website: www.ecmceducation.org
Mission Statement of Ecmc Education Inc
ECMC Education, Inc. is a nonprofit organization dedicated to transforming career and technical education. Through its mission, the institution aims to equip aspiring and current learners with essential skills to elevate their careers and communities. ECMC Education, Inc. focuses on the postsecondary education industry, offering programs with an emphasis on allied health and trades. The organization collaborates with faculty, industry leaders, and employers to identify the required skills, competencies, behaviors, and certifications that fit the needs of the job market. ECMC Education, Inc.'s schools are accredited to grant diplomas and associate degrees.
ECMC Education, Inc. caters to a non-traditional, underserved student population. Sixty-seven percent of its students are eligible for Pell Grants, with fifty-four percent receiving full Pell Grants. The student body is predominantly female, with eighty-seven percent being non-White. Fifty-nine percent of students are older than twenty-five years old, and sixty-six percent are first-time, first-year college students. Only twenty percent of students depend on their parents or guardians' financial resources. ECMC Education, Inc. makes the transition from high school to a postsecondary institution as seamless as possible by delivering a holistic learning experience. Students receive academic support through academic counseling, tutoring, and remedial education services, as well as financial literacy counseling and career counseling.
Learning resource centers on ECMC Education, Inc.'s campuses support academic programs by providing books, shop and service manuals, periodicals, computers, and curriculum-based online resources. These resource centers are staffed with trained professionals to assist in the research needs of students and faculty. ECMC Education, Inc.'s educational philosophy emphasizes employability and professional accomplishment. The academic and career success of its graduates is a top priority, and the organization's holistic approach focuses on graduation and job placement. ECMC Education, Inc.'s career services experts provide students with placement assistance, including resume preparation, interviewing techniques, and job referrals. The organization arranges on-campus employer visits, lectures, career fairs, and field trips to increase the likelihood that students will obtain well-paying jobs. ECMC Education, Inc. also offers student activities that encourage school spirit and student leadership, such as intramural sports, clubs, professional development programs, resource fairs, and other extracurricular activities planned year-round.
On March 31, 2022, a plan for the liquidation of ECMC Education, Inc. and all three of its Altiereus schools was approved by the ECMC Group, Inc. Board of Directors. Effective immediately, ECMC Education, Inc. would no longer accept enrollments. The teach-outs are anticipated to be completed during 2023, with related expenses being settled through 2027. This change is part of ECMC Group, Inc.'s plan to concentrate primarily on its educational credit management corporation guarantor-related activities, ECMC Foundation, and education impact investing. As of December 31, 2022, ECMC Education, Inc. enrolls approximately 200 students and operates three schools in three states under the Altiereus brand.
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Impact
October, 2024
ECMC Education Inc has significantly impacted career and technical education by equipping students with the skills and knowledge necessary to elevate their careers and communities. Through its emphasis on allied health and trades, it has provided targeted educational opportunities that meet the demands of the job market.
By engaging with faculty, industry leaders, and employers, ECMC Education Inc ensures that its curriculum aligns with current market needs, thus enhancing graduates' employment prospects. Its holistic approach includes personalized academic support, financial literacy counseling, and career services designed to foster job placement and professional growth. The organization also caters to a diverse student body, which often includes non-traditional and underserved populations, helping to close educational and employment gaps in these communities.
Despite its planned transition due to organizational changes, ECMC Education Inc’s legacy in transforming the educational landscape will continue to influence aspiring learners as it works to prepare them for successful careers, contribute positively to their communities, and navigate the complexities of postsecondary education effectively.
This information is meant to be a general summary of Ecmc Education Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $16,279,524
- Gross Receipts: $43,495,652
Assets and Liabilities:
- Total Assets: $11,798,068
- Total Liabilities: $53,189,778
- Net Assets: -$41,391,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSTRUCTION
Revenue
$16,279,524
Organization Details
Founding Year
2014
Phone
(651) 221-0566Principal Officer
Daniel S Fisher
Main Address
111 WASHINGTON AVE SO STE 1400, MINNEAPOLIS, MN, 55401
Website
www.ecmceducation.orgNTEE Category
Code: B40 - Education
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