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EDUCATIONAL CREDIT MANAGEMENT CORPORATION
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
Minneapolis, MN, US
•
501(c)3
•
EIN
41-1778617
•
WWW.ECMC.ORG
•
Regional Funder
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
Minneapolis, MN, US
•
501(c)3
•
EIN
41-1778617
•
WWW.ECMC.ORG
•
Regional Funder
Overview
Programs
990s
Income Statement
Balance Sheet
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Grants Received
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Income Statement
Fiscal Year Start:
Jan 1
Revenues in
2024
$264,998,856
Program Services
94%
Other
6%
Investments
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in
2024
$261,591,267
Grants
68%
Salaries & Benefits
21%
Offices, Occupancy & IT
6%
Fees to Service Providers
2%
Other
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$299,935,137
$249,023,650
-17%
Membership Dues
$0
$0
-
Investments
$933,773
$1,363,991
+46%
Other
$17,218,436
$14,611,215
-15%
Total Revenues
$318,087,346
$264,998,856
-17%
Expenses
2023
2024
Change
Grants
$267,565,683
$177,847,940
-34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$52,103,482
$54,661,330
+5%
Fees to Service Providers
$7,525,588
$5,897,455
-22%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$16,909,918
$16,213,906
-4%
Interest
$0
$0
-
Depreciation
$2,726,556
$2,452,744
-10%
Other
$15,224,780
$4,517,892
-70%
Total Expenses
$362,056,007
$261,591,267
-28%
Net income
2023
2024
Change
Net income
-$43,968,661
+$3,407,589
-108%
Functional Expenses
Summary
2023
2024
Change
Program
$315,906,325
$214,059,087
-32%
Admin
$46,149,682
$47,532,180
+3%
Fundraising
$0
$0
-
Total Expenses
$362,056,007
$261,591,267
-28%
Income Statement
