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PROVIDES FINANCIAL COUNSELING AND EDUCATION TO EMPOWER STUDENTS TO MAKE BETTER CHOICES ABOUT THEIR FUTURES.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$265M
Program Spending
82%
of total expenses go to program services
Total Contributions
$14.6M
Total Expenses
▼$261.6M
Total Assets
$209.1M
Total Liabilities
▼$167.2M
Net Assets
$41.9M
Officer Compensation
→$1.4M
Other Salaries
$41.7M
Investment Income
$1.4M
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $111.3M | Yes | 2026-03-25 |
| 2024 | Clean | Unmodified (Clean) | $157.6M | Yes | 2025-03-20 |
| 2023 | Clean | Unmodified (Clean) | $241.1M | Yes | 2024-03-21 |
| 2022 | Clean | Unmodified (Clean) | $295.8M | Yes | 2023-03-22 |
| 2021 | Clean | Unmodified (Clean) | $356.2M | Yes | 2022-05-03 |
| 2020 | Clean | Unmodified (Clean) | $954.1M | Yes | 2021-04-06 |
| 2019 | Clean | Unmodified (Clean) | $1.2B | No | 2020-04-01 |
| 2018 | Clean | Unmodified (Clean) | $1.3B | No | 2019-03-27 |
| 2017 | Clean | Unmodified (Clean) | $1.4M | No | 2018-04-30 |
| 2016 | Clean | Unmodified (Clean) | $1.4B | No | 2017-04-09 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$111.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$157.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$241.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$295.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$356.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$954.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2B
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3B
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4B
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $265M | $14.6M | $261.6M | $209.1M | $41.9M |
| 2023 | $318.1M | $17.2M | $362.1M | $295.1M | $38.5M |
| 2022 | $362M | $2.1M | $338.6M | $429.9M | $82.4M |
| 2021 | $424.1M | $2.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Martin Scanlon | CFO & Treasurer | — | $0 | $903K | $108.2K | $1M |
| Chad Tate | President, Ecmc | 40 | $599.2K | $0 | $89.5K | $688.7K |
| Brian Boardman | General Counsel & Corp Secretary | — | $0 | $520.5K | $91.8K | $612.3K |
| Therese Bickler | Vp, Ecmc Operations | 40 | $345.1K | $0 | $46.8K | $391.9K |
| Paula Craw | Vp, Outreach | 40 | $279.9K | $0 | $27.2K | $307.2K |
Martin Scanlon
CFO & Treasurer
$1M
Hrs/Wk
—
Compensation
$0
Related Orgs
$903K
Other
$108.2K
Chad Tate
President, Ecmc
$688.7K
Hrs/Wk
40
Compensation
$599.2K
Related Orgs
$0
Other
$89.5K
Brian Boardman
General Counsel & Corp Secretary
$612.3K
Hrs/Wk
—
Compensation
$0
Related Orgs
$520.5K
Other
$91.8K
Therese Bickler
Vp, Ecmc Operations
$391.9K
Hrs/Wk
40
Compensation
$345.1K
Related Orgs
$0
Other
$46.8K
Paula Craw
Vp, Outreach
$307.2K
Hrs/Wk
40
Compensation
$279.9K
Related Orgs
$0
Other
$27.2K
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Nathan Vickery | Sr Dir, Repayment Success Center | 40 | $254.8K | $0 | $44.8K | $299.6K |
| J Hamlin Sjoberg | Sr Dir, Guarantor Services | 40 | $245.6K | $0 | $42.4K | $288K |
| Han Cho | Dir, Portfolio Management | 40 | $210.2K | $0 | $59.7K | $269.9K |
| Jan Jacobson | Dir, Customer Service | 40 | $205.3K | $0 | $57.8K | $263.1K |
| Charles Nadeau | Dir, Analytics & Revenue Mgmt | 40 | $187.2K | $0 | $64.3K | $251.5K |
Nathan Vickery
Sr Dir, Repayment Success Center
$299.6K
Hrs/Wk
40
Compensation
$254.8K
Related Orgs
$0
Other
$44.8K
J Hamlin Sjoberg
Sr Dir, Guarantor Services
$288K
Hrs/Wk
40
Compensation
$245.6K
Related Orgs
$0
Other
$42.4K
Han Cho
Dir, Portfolio Management
$269.9K
Hrs/Wk
40
Compensation
$210.2K
Related Orgs
$0
Other
$59.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Daniel Fisher | President & Ceo, Ecmc Group | — | $0 | $1.4M | $130.3K | $1.5M |
| Derek Langhauser | Director | 1 | $0 | $127.5K | $0 | $127.5K |
| Diana J Ingram | Director | 1 | $0 | $151.3K | $0 | $151.3K |
| Jack O'Connell | Director | 1 | $0 | $135K | $0 | $135K |
| James Runcie | Director | 1 | $0 | $135K | $0 | $135K |
| James V Mckeon | Board Chair |
Daniel Fisher
President & Ceo, Ecmc Group
$1.5M
Hrs/Wk
—
Compensation
$0
Related Orgs
$1.4M
Other
$130.3K
Derek Langhauser
Director
$127.5K
Hrs/Wk
1
Compensation
$0
Related Orgs
$127.5K
Other
$0
Diana J Ingram
Director
$151.3K
Hrs/Wk
1
Compensation
$0
Related Orgs
$151.3K
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| John F Depodesta | Former Board Chair | — | $0 | $60K | $0 | $60K |
| Jeremy Wheaton | Former President & Ceo, Ecmc Group | — | $0 | $19.5K | $0 | $19.5K |
John F Depodesta
Former Board Chair
$60K
Hrs/Wk
—
Compensation
$0
Related Orgs
$60K
Other
$0
Jeremy Wheaton
Former President & Ceo, Ecmc Group
$19.5K
Hrs/Wk
—
Compensation
$0
Related Orgs
$19.5K
Other
$0
| $374.4M |
| $748.8M |
| $59.1M |
| 2020 | $274.4M | $925.6K | $293.2M | $904.9M | $9.4M |
| 2019 | $322.1M | $2.3M | $320.2M | $1.1B | $28.2M |
| 2018 | $370.2M | $0 | $351.3M | $945.5M | $26.2M |
| 2017 | $405.2M | $0 | $435.1M | $888.4M | $7.3M |
| 2016 | $403.6M | $0 | $403.2M | $876.7M | $37.3M |
| 2015 | $428.1M | $0 | $394.9M | $961.8M | $42.9M |
| 2014 | $391.9M | $0 | $412M | $681.5M | $2.6M |
| 2013 | $455.4M | $0 | $523.1M | $583.6M | $23.6M |
| 2012 | $426.6M | $0 | $575.6M | $682.9M | $81.8M |
| 2011 | $383.1M | $0 | $295.5M | $802.4M | $230.8M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
Jan Jacobson
Dir, Customer Service
$263.1K
Hrs/Wk
40
Compensation
$205.3K
Related Orgs
$0
Other
$57.8K
Charles Nadeau
Dir, Analytics & Revenue Mgmt
$251.5K
Hrs/Wk
40
Compensation
$187.2K
Related Orgs
$0
Other
$64.3K
| 1 |
| $0 |
| $197.5K |
| $0 |
| $197.5K |
| Jennifer Anderson | Director | 1 | $0 | $138.8K | $0 | $138.8K |
| Julia S Gouw | Director | 1 | $0 | $155K | $0 | $155K |
| K Paul Singh | Director | 1 | $0 | $145K | $0 | $145K |
Jack O'Connell
Director
$135K
Hrs/Wk
1
Compensation
$0
Related Orgs
$135K
Other
$0
James Runcie
Director
$135K
Hrs/Wk
1
Compensation
$0
Related Orgs
$135K
Other
$0
James V Mckeon
Board Chair
$197.5K
Hrs/Wk
1
Compensation
$0
Related Orgs
$197.5K
Other
$0
Jennifer Anderson
Director
$138.8K
Hrs/Wk
1
Compensation
$0
Related Orgs
$138.8K
Other
$0
Julia S Gouw
Director
$155K
Hrs/Wk
1
Compensation
$0
Related Orgs
$155K
Other
$0
K Paul Singh
Director
$145K
Hrs/Wk
1
Compensation
$0
Related Orgs
$145K
Other
$0