Ecmc Education Inc, operating under the name ALTIERUS CAREER COLLEGE verest University & Everest Institute, is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2022, ALTIERUS CAREER COLLEGE verest University & Everest Institute employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ALTIERUS CAREER COLLEGE verest University & Everest Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, ALTIERUS CAREER COLLEGE verest University & Everest Institute generated $43.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $49.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (27.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, ALTIERUS CAREER COLLEGE verest University & Everest Institute has awarded 18 individual grants totaling $595,929. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECMC EDUCATION, INC'S MISSION IS TO TRANSFORM CAREER AND TECHNICAL EDUCATION TO PROVIDE ASPIRING AND CURRENT LEARNERS WITH SKILLS TO ELEVATE THEIR CARRERS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND STUDENT SERVICES.ECMC EDUCATION, INC., DBA ALTIERUS CAREER COLLEGE, IS A NONPROFIT PROVIDER OF CAREER SCHOOL TRAINING IN THE POSTSECONDARY EDUCATION INDUSTRY OFFERING EDUCATIONAL OPPORTUNITIES WITH AN EMPHASIS IN ALLIED HEALTH AND TRADES. ECMC EDUCATION, INC. ENGAGES WITH FACULTY, INDUSTRY LEADERS, AND EMPLOYERS TO HELP IDENTIFY SKILLS, COMPETENCIES, BEHAVIORS AND CERTIFICATIONS THAT FIT THE NEEDS OF THE MARKETPLACE AND ENHANCE EACH GRADUATE'S ABILITY TO FIND A JOB IN HIS OR HER CHOSEN FIELD. THE SCHOOLS ARE ACCREDITED TO GRANT DIPLOMA AND ASSOCIATE DEGREES. (CONTINUED ON SCHEDULE O)ECMC EDUCATION, INC. SERVES A NON-TRADITIONAL, UNDERSERVED STUDENT POPULATION: 67% OF ECMC EDUCATION, INC. STUDENTS ARE ELIGIBLE FOR PELL GRANTS (54% ARE ELIGIBLE FOR FULL PELL GRANTS); 65% OF ECMC EDUCATION, INC.'S STUDENT BODY IS FEMALE; 87% OF STUDENTS ARE NON-WHITE; 59% OF STUDENTS ARE OLDER THAN 25 YEARS OLD; 66% OF ECMC EDUCATION, INC.'S STUDENTS ARE FIRST-TIME, FIRST-YEAR COLLEGE STUDENTS; AND ONLY 20% OF STUDENTS DEPEND UPON THEIR PARENTS OR GUARDIANS' FINANCIAL RESOURCES. ECMC EDUCATION, INC. DELIVERS SERVICES THAT MAKE A STUDENT'S TRANSITION FROM HIGH SCHOOL TO A POSTSECONDARY INSTITUTION AS EASY AND STRAIGHTFORWARD AS POSSIBLE. ECMC EDUCATION, INC. DELIVERS A HOLISTIC LEARNING EXPERIENCE BY PROVIDING STUDENTS WITH INDIVIDUALIZED ACADEMIC SUPPORT THROUGH ACADEMIC COUNSELING, TUTORING, AND REMEDIAL EDUCATION SERVICES THAT FURNISH TOOLS AND RESOURCES NECESSARY FOR SUCCESSFUL PROGRAM COMPLETION; FINANCIAL LITERACY COUNSELING TO ASSIST STUDENTS IN MANAGING THEIR STUDENT LOANS AND TO HELP MINIMIZE THEIR STUDENT LOAN DEBT; AND CAREER COUNSELING TO PROMOTE MEANINGFUL EMPLOYMENT AFTER GRADUATION IN THE STUDENT'S FIELD OF STUDY.LEARNING RESOURCE CENTERS ON ECMC EDUCATION, INC. CAMPUSES SUPPORT ACADEMIC PROGRAMS BY PROVIDING BOOKS, SHOP AND SERVICE MANUALS, PERIODICALS, COMPUTERS AND CURRICULUM-BASED ONLINE RESOURCES. THE LEARNING RESOURCE CENTERS ARE STAFFED WITH TRAINED PROFESSIONALS TO ASSIST IN THE RESEARCH NEEDS OF STUDENTS AND FACULTY.THE EDUCATION ECMC EDUCATION, INC. STUDENTS RECEIVE EMPHASIZES EMPLOYABILITY AND PROFESSIONAL ACCOMPLISHMENT. THE ACADEMIC AND CAREER SUCCESS OF OUR GRADUATES IS PARAMOUNT. ECMC EDUCATION, INC.'S HOLISTIC APPROACH FOCUSES ON THE GOAL OF GRADUATION AND JOB PLACEMENT, EMPHASIZING STUDENT ATTENDANCE, OVERALL ATTITUDE, ACADEMIC PERFORMANCE AND SELF-DIRECTED JOB SEARCH SKILLS ACQUIRED THROUGH WORKING WITH THE CAREER SERVICES STAFF. ECMC EDUCATION, INC.'S CAREER SERVICES EXPERTS PROVIDE STUDENTS WITH PLACEMENT ASSISTANCE, INCLUDING PREPARATION OFRESUMES AND LETTERS OF INTRODUCTION, INTERVIEWING TECHNIQUES AND JOB REFERRALS. ECMC EDUCATION, INC. CAREER SERVICES PROFESSIONALS ALSO ARRANGE ON-CAMPUS EMPLOYER VISITS, LECTURES, CAREER FAIRS AND FIELD TRIPS TO ENHANCE THE LIKELIHOOD THAT STUDENTS WILL OBTAIN WELL-PAYING JOBS. ECMC EDUCATION, INC. ALSO OFFERS STUDENT ACTIVITIES THAT ENCOURAGE SCHOOL SPIRIT AND DEVELOP STUDENT LEADERSHIP, INCLUDING INTRAMURAL SPORTS, CLUBS, PROFESSIONAL DEVELOPMENT PROGRAMS, RESOURCE FAIRS AND OTHER EXTRACURRICULAR ACTIVITIES PLANNED YEAR-ROUND. ON MARCH 31, 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. AND ALL THREE OF ITS ALTIERUS SCHOOLS WAS APPROVED BY THE ECMC GROUP, INC. BOARD OF DIRECTORS, AND ECMC EDUCATION, INC. WOULD NO LONGER ACCEPT ENROLLMENTS EFFECTIVE IMMEDIATELY. IT IS ANTICIPATED THESE TEACH-OUTS WILL BE COMPLETED DURING 2023 WITH RELATED EXPENSES BEING SETTLED THROUGH 2027. THE 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 ALTIERUS BRAND.
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. IN 2022, ECMC EDUCATION, INC. DISTRIBUTED NEARLY $400,000 IN ALTIERUS GRANTS TO 265 STUDENTS.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. IN 2022, ECMC EDUCATION, INC. DISTRIBUTED MORE THAN $110,000 IN MILITARY SCHOLARSHIPS TO 141 MILITARY PERSONNEL, VETERANS AND THEIR DEPENDENTS.AS OF DECEMBER 31, 2022, ECMC EDUCATION, INC. ENROLLS APPROXIMATELY 200 STUDENTS AND OPERATES THREE SCHOOLS IN THREE STATES UNDER THE ALTIERUS BRAND.
ALTIERUS TRAINING SOLUTIONS.IN SUPPORT OF CAREER AND TECHNICAL EDUCATION (CTE) ECMC EDUCATION, INC. SEEKS TO BUILD PARTNERSHIPS WITH EDUCATORS, EMPLOYERS AND POLICYMAKERS TO TRAIN ESSENTIAL WORKERS. THROUGH INVESTMENTS IN VIRTUAL LEARNING TECHNOLOGY, PRODUCT DEVELOPMENT CAPABILITIES FOR EMPLOYER SOLUTIONS AND THOUGHT LEADERSHIP ACTIVITIES TO FOSTER INDUSTRY COLLABORATION, ECMC EDUCATION, INC. SEEKS TO ALIGN ITS AREAS OF EXPERTISE WITH THE EXPERIENCE AND NEEDS OF BUSINESS WHILE ALSO SETTING EMPLOYEES ON A TRACK FOR CAREER ADVANCEMENT AND SUCCESS.(CONTINUED ON SCHEDULE O)IN 2019, ECMC EDUCATION, INC. LAUNCHED ALTIERUS TRAINING SOLUTIONS (ATS) TO BUILD ON AND EXTEND ITS CORE EDUCATIONAL OFFERINGS BY PROVIDING COMPREHENSIVE TRAINING CAPABILITIES, RANGING FROM PLUG-IN SOLUTIONS TO FULLY CUSTOM PROGRAMS, BUILDING ON OUR STRONG RELATIONSHIPS WITH EMPLOYERS AND THEIR INSIGHTS INTO THE REAL-WORLD NEEDS FOR THEIR WORKERS.IN 2020, ATS BEGAN A SUCCESSFUL PARTNERSHIP WITH A NATIONAL EMPLOYER. THROUGH A COLLABORATIVE APPROACH, WE BUILT A TECHNOLOGY-DRIVEN TRAINING PROGRAM TO UPSKILL THEIR TECHNICIANS. THE ONLINE TRAINING PLATFORM ENABLES THE TECHNICIANS TO DEVELOP ADVANCED SKILLS IN A REMOTE ENVIRONMENT, WHILE ALSO ELIMINATES THE DISRUPTION IN CUSTOMER SERVICE AND ADDED COST ASSOCIATED WITH TRAVEL TO TRADITIONAL TRAINING CENTERS.ON MARCH 31, 2022, A PLAN FOR LIQUIDATION FOR ECMC EDUCATION, INC. AND ALL THREE OF ITS ALTIERUS SCHOOLS WAS APPROVED BY THE ECMC GROUP, INC. BOARD OF DIRECTORS. THE DECISION WAS MADE TO CLOSE THE ALTIERUS TRAINING SOLUTIONS PROGRAM EFFECTIVE IMMEDIATELY. THE 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
K Paul Singh Board Chair Ecmc Education | Trustee | 1 | $0 |
James V Mckeon Director | Trustee | 1 | $0 |
Diana J Ingram Director | Trustee | 1 | $0 |
Jack O'connell Director | Trustee | 1 | $0 |
Derek Langhauser Director | Trustee | 1 | $0 |
Jennifer Anderson Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Validated Insights Inc Marketing Services | 12/30/22 | $1,693,604 |
Kustom Us Inc Facility Services | 12/30/22 | $594,828 |
Cdw It Service & Support | 12/30/22 | $532,607 |
Jones Lang Lasalle Americas Inc Facility Services | 12/30/22 | $461,058 |
Beacon Hill Staffing Group Llc Recruiting Services | 12/30/22 | $297,495 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $26,296,902 |
Government grants | $916,614 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $27,213,516 |
Total Program Service Revenue | $16,279,524 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $43,495,652 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $616,528 |
Grants and other assistance to domestic individuals. | $1,307,750 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,146,445 |
Compensation of current officers, directors, key employees. | $1,134,803 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $13,595,350 |
Pension plan accruals and contributions | $488,465 |
Other employee benefits | $1,239,431 |
Payroll taxes | $1,051,322 |
Fees for services: Management | $0 |
Fees for services: Legal | $202,565 |
Fees for services: Accounting | $87,143 |
Fees for services: Lobbying | $21,730 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,612,259 |
Advertising and promotion | $1,199,224 |
Office expenses | $328,851 |
Information technology | $702,533 |
Royalties | $0 |
Occupancy | $3,047,243 |
Travel | $256,032 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $44,655 |
Interest | $0 |
Payments to affiliates | $71,600 |
Depreciation, depletion, and amortization | $95,183 |
Insurance | $621,756 |
All other expenses | $956,494 |
Total functional expenses | $49,769,201 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,963,042 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $251,029 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,061,374 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,522,623 |
Total assets | $11,798,068 |
Accounts payable and accrued expenses | $28,721,198 |
Grants payable | $0 |
Deferred revenue | $244,120 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $24,224,460 |
Total liabilities | $53,189,778 |
Net assets without donor restrictions | -$41,391,710 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $11,798,068 |
Over the last fiscal year, Ecmc Education Inc has awarded $595,929 in support to 18 organizations.
Grant Recipient | Amount |
---|---|
BENEDICT COLLEGE PURPOSE: SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE | $10,670 |
VOORHEES UNIVERSITY PURPOSE: SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE | $41,039 |
LANE COLLEGE PURPOSE: SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE | $54,719 |
ST PAUL PUBLIC SCHOOLS - PROJECT REACH & FOSTERING CONNECTIONS PURPOSE: SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE | $16,689 |
UNIVERSIDAD DEL SAGRADO CORAZON PURPOSE: SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE | $26,539 |
ADOPT A CLASSROOM PURPOSE: SUPPLY CHROMEBOOKS FOR EDUCATIONAL USE | $27,360 |
Organization Name | Assets | Revenue |
---|---|---|
Ecmc Education Inc Minneapolis, MN | $11,798,068 | $43,495,652 |
Best Academy Inc Minneapolis, MN | $16,956,196 | $18,938,586 |
Ascendium Education Group Inc Madison, WI | $3,022,286,011 | $78,403,388 |
Wisconsin Association Of Independent Colleges And Universit Madison, WI | $24,580,901 | $4,855,014 |
Lutheran Educational Conf Of North America Cedarburg, WI | $0 | $13,469 |
Stem Academy Inc Brookfield, WI | $1,693,744 | $1,179,273 |
Charlie Life And Leadership Academy Minneapolis, MN | $132,775 | $46,009 |
Cim North Central Region Patrons Group Mendota Heights, MN | $436,257 | $278,027 |
Wisconsin Education Fairs Inc Fond Du Lac, WI | $198,133 | $0 |
Wilsons Image College Scholarship Minneapolis, MN | $44,762 | $0 |
Range Engineering Council Hibbing, MN | $98,883 | $0 |
Ntc Property Foundation Inc Wausau, WI | $0 | $0 |
Wisconsin Trio Association Inc Fond Du Lac, WI | $0 | $0 |