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TO HELP STUDENTS SUCCEED BY CREATING, PROVIDING AND INVESTING IN INNOVATIVE EDUCATIONAL OPPORTUNITIES.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$501.3M
Program Spending
90%
of total expenses go to program services
Total Contributions
$129.9M
Total Expenses
▼$281M
Total Assets
$5.7B
Total Liabilities
▼$4.4B
Net Assets
$1.3B
Officer Compensation
→$4.1M
Other Salaries
$6.7M
Investment Income
$186.6M
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $105.6M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
ECMC FOUNDATION41-1990628 | MINNEAPOLIS, MN | $82.9M | Cash | GENERAL SUPPORT |
| MINNEAPOLIS, MN | $12.6M | Cash | GENERAL SUPPORT | |
ECMC EDUCATION INC47-2237488 | MINNEAPOLIS, MN | $9.6M | Cash | GENERAL SUPPORT |
UNIVERSITY OF MINNESOTA FOUNDATION41-6042488 | MINNEAPOLIS, MN | $193.7K | Cash | JOHN DEPODESTA LEADERSHIP PROGRAM, PROGRAM SPONSORSHIP |
REVE ACADEMY27-4148333 | MINNEAPOLIS, MN | $50K | Cash | PROGRAM SPONSORSHIP |
CRISTO REY JESUIT HIGH SCHOOL TWIN CITIES26-0434536 | MINNEAPOLIS, MN | $48.8K | Cash | CORPORATE INTERNSHIP PROGRAM |
JUNIOR ACHIEVEMENT NORTH41-1424988 | ST PAUL, MN | $47.6K | Cash | PROGRAM SPONSORSHIP, GENERAL SUPPORT |
BESTPREP41-1265355 | BROOKLYN PARK, MN | $25.5K | Cash | PROGRAM SPONSORSHIP, GENERAL SUPPORT |
JOBS FOR THE FUTURE | BOSTON, MA | $21.8K | Cash | PROGRAM SPONSORSHIP |
JUNIOR ACHIEVEMENT OF SACRAMENTO INC94-6080866 | SACRAMENTO, CA | $10.1K | Cash | PROGRAM SPONSORSHIP, GENERAL SUPPORT |
HIRED41-6078344 | MINNEAPOLIS, MN | $7,750 | Cash | PROGRAM SPONSORSHIP |
JUNIOR ACHIEVEMENT OF SOUTHERN CALIFORNIA INC95-1799192 | LOS ANGELES, CA | $7,500 | Cash | PROGRAM SPONSORSHIP |
MATTER37-1441658 | ST LOUIS PARK, MN | $5,100 | Cash | PROGRAM SUPPORT |
READING PARTNERS TWIN CITIES77-0568469 | ST PAUL, MN | $5,013 | Cash | GENERAL SUPPORT |
| Total | $105.6M | |||
MINNEAPOLIS, MN
$82.9M
MINNEAPOLIS, MN
$12.6M
MINNEAPOLIS, MN
$9.6M
MINNEAPOLIS, MN
$193.7K
REVE ACADEMY
MINNEAPOLIS, MN
$50K
CRISTO REY JESUIT HIGH SCHOOL TWIN CITIES
MINNEAPOLIS, MN
$48.8K
ST PAUL, MN
$47.6K
BROOKLYN PARK, MN
$25.5K
JOBS FOR THE FUTURE
BOSTON, MA
$21.8K
JUNIOR ACHIEVEMENT OF SACRAMENTO INC
SACRAMENTO, CA
$10.1K
MINNEAPOLIS, MN
$7,750
JUNIOR ACHIEVEMENT OF SOUTHERN CALIFORNIA INC
LOS ANGELES, CA
$7,500
ST LOUIS PARK, MN
$5,100
READING PARTNERS TWIN CITIES
ST PAUL, MN
$5,013
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$9.2M
Awards Found
2
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Education | ALTIERUS CAREER COLLEGE - CARES ACT IHE RELIEF FUND | $6.7M | FY2020 | May 2020 – Sep 2022 | Open → |
| Department of Education | ALTIERUS CAREER COLLEGE - CARES ACT IHE RELIEF FUND - INSTITUTIONAL PORTION | $2.5M | FY2020 | May 2020 – Jun 2023 | Open → |
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
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: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $501.3M | $129.9M | $281M | $5.7B | $1.3B |
| 2023IRS e-File | $5B | $266.8M | $269.1M | $5.3B | $1.3B |
| 2022 | $467.3M | $248.4M | $680.2M | $5.4B | $1.1B |
| 2021 | $564M |
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)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Daniel Fisher | President & CEO | 40 | $1.4M | $0 | $130.3K | $1.5M |
| Martin Scanlon | CFO & Treasurer | 40 | $903K | $0 | $108.2K | $1M |
| Brian Boardman | General Counsel & Corp Secretary | 40 | $520.5K | $0 | $91.8K | $612.3K |
| Joseph Watt | Vp, Impact Investing | 40 | $358.7K | $0 | $34.1K | $392.8K |
Daniel Fisher
President & CEO
$1.5M
Hrs/Wk
40
Compensation
$1.4M
Related Orgs
$0
Other
$130.3K
Martin Scanlon
CFO & Treasurer
$1M
Hrs/Wk
40
Compensation
$903K
Related Orgs
$0
Other
$108.2K
Brian Boardman
General Counsel & Corp Secretary
$612.3K
Hrs/Wk
40
Compensation
$520.5K
Related Orgs
$0
Other
$91.8K
Joseph Watt
Vp, Impact Investing
$392.8K
Hrs/Wk
40
Compensation
$358.7K
Related Orgs
$0
Other
$34.1K
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Sarah Strehl | Chief Human Resources Officer | 40 | $705.7K | $0 | $100.1K | $805.8K |
| Rahoul Ghose | Chief Information Officer | 40 | $660.1K | $0 | $102.3K | $762.4K |
| Heidi Johnson | Chief Of Staff | 40 | $512.2K | $0 |
Sarah Strehl
Chief Human Resources Officer
$805.8K
Hrs/Wk
40
Compensation
$705.7K
Related Orgs
$0
Other
$100.1K
Rahoul Ghose
Chief Information Officer
$762.4K
Hrs/Wk
40
Compensation
$660.1K
Related Orgs
$0
Other
$102.3K
Heidi Johnson
Chief Of Staff
$603.9K
Hrs/Wk
40
Compensation
$512.2K
Related Orgs
$0
Other
$91.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Derek Langhauser | Director | 5 | $0 | $127.5K | $0 | $127.5K |
| Diana J Ingram | Director | 7 | $0 | $151.3K | $0 | $151.3K |
| Jack O'Connell | Director | 5 | $0 | $135K | $0 | $135K |
| James Runcie | Director | 7 | $0 | $135K | $0 | $135K |
| James V Mckeon |
Derek Langhauser
Director
$127.5K
Hrs/Wk
5
Compensation
$0
Related Orgs
$127.5K
Other
$0
Diana J Ingram
Director
$151.3K
Hrs/Wk
7
Compensation
$0
Related Orgs
$151.3K
Other
$0
Jack O'Connell
Director
$135K
Hrs/Wk
5
Compensation
$0
Related Orgs
$135K
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Gregory Van Guilder | Former Chief Investment Officer | — | $27.6K | $1.2M | $99.4K | $1.3M |
| Philip Becker | Former Vp, Investments | 40 | $15.1K | $436.3K | $56.1K | $507.5K |
| John F Depodesta | Former Board Chair | — | $0 | $60K |
Gregory Van Guilder
Former Chief Investment Officer
$1.3M
Hrs/Wk
—
Compensation
$27.6K
Related Orgs
$1.2M
Other
$99.4K
Philip Becker
Former Vp, Investments
$507.5K
Hrs/Wk
40
Compensation
$15.1K
Related Orgs
$436.3K
Other
$56.1K
John F Depodesta
Former Board Chair
$60K
Hrs/Wk
—
Compensation
$0
Related Orgs
$60K
Other
$0
| $277.6M |
| $152.5M |
| $5.8B |
| $1.6B |
| 2020 | $418.5M | $188.9M | $173.5M | $4.7B | $1.1B |
| 2019 | $361.7M | $202.6M | $167.7M | $3.7B | $846.8M |
| 2018 | $389.4M | $231.5M | $255.3M | $3.2B | $681.2M |
| 2017 | $408.5M | $308M | $219.5M | $3B | $597.7M |
| 2016 | $301.2M | $255M | $788.8M | $1.9B | $383.2M |
| 2015 | $257.1M | $245M | $151.8M | $1.4B | $861.4M |
| 2014 | $286.2M | $261.1M | $202.9M | $1.1B | $762.3M |
| 2013 | $372.3M | $361M | $171.5M | $841M | $656.4M |
| 2012 | $347.1M | $337.9M | $74.5M | $577.3M | $396.8M |
| 2011 | $138.8M | $119.1M | $76.8M | $179.6M | $124.3M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 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 | — |
| $91.7K |
| $603.9K |
| Iris Cumberbatch | Sr Vp, Corporate Affairs | 40 | $513.3K | $0 | $56.2K | $569.6K |
| John Mckennell | Chief Information Security Officer | 40 | $347.3K | $0 | $72.5K | $419.8K |
| Adam Trampe | Vp, Deputy General Counsel | 40 | $345.3K | $0 | $68.1K | $413.5K |
| Hugh Mcsherry | Vp, Corporate Services | 40 | $323K | $0 | $64.2K | $387.2K |
| Tiffany Thompson | Vp, Finance & Controller | 40 | $333.6K | $0 | $34.4K | $368K |
| Matthew Mikulski | Vp, Internal Audit | 40 | $294.2K | $0 | $53.9K | $348.1K |
| Troy Gunderman | Dir, Litigation | 40 | $280K | $0 | $65.1K | $345.1K |
| Aaron Woodrich | Vp, Information Tech | 40 | $270.1K | $0 | $73.5K | $343.7K |
| John Yopp | Dir, Software Engineering | 40 | $267.3K | $0 | $55.7K | $323K |
| Dean Vandecoevering | Sr Dir, Finance | 40 | $274.7K | $0 | $48.1K | $322.8K |
| Ann Johnston | Sr Dir, It Business Operations | 40 | $275.6K | $0 | $47.1K | $322.7K |
| Steven Hupert | Dir, Information Tech | 40 | $256.1K | $0 | $65.6K | $321.7K |
| Steve Hansen | Vp, Information Tech-thru 6/26 | 40 | $195.9K | $0 | $22.2K | $218.1K |
| Josh Ullom | Vp, Applications & Analytics | 40 | $160.4K | $0 | $35K | $195.4K |
Iris Cumberbatch
Sr Vp, Corporate Affairs
$569.6K
Hrs/Wk
40
Compensation
$513.3K
Related Orgs
$0
Other
$56.2K
John Mckennell
Chief Information Security Officer
$419.8K
Hrs/Wk
40
Compensation
$347.3K
Related Orgs
$0
Other
$72.5K
Adam Trampe
Vp, Deputy General Counsel
$413.5K
Hrs/Wk
40
Compensation
$345.3K
Related Orgs
$0
Other
$68.1K
Hugh Mcsherry
Vp, Corporate Services
$387.2K
Hrs/Wk
40
Compensation
$323K
Related Orgs
$0
Other
$64.2K
Tiffany Thompson
Vp, Finance & Controller
$368K
Hrs/Wk
40
Compensation
$333.6K
Related Orgs
$0
Other
$34.4K
Matthew Mikulski
Vp, Internal Audit
$348.1K
Hrs/Wk
40
Compensation
$294.2K
Related Orgs
$0
Other
$53.9K
Troy Gunderman
Dir, Litigation
$345.1K
Hrs/Wk
40
Compensation
$280K
Related Orgs
$0
Other
$65.1K
Aaron Woodrich
Vp, Information Tech
$343.7K
Hrs/Wk
40
Compensation
$270.1K
Related Orgs
$0
Other
$73.5K
John Yopp
Dir, Software Engineering
$323K
Hrs/Wk
40
Compensation
$267.3K
Related Orgs
$0
Other
$55.7K
Dean Vandecoevering
Sr Dir, Finance
$322.8K
Hrs/Wk
40
Compensation
$274.7K
Related Orgs
$0
Other
$48.1K
Ann Johnston
Sr Dir, It Business Operations
$322.7K
Hrs/Wk
40
Compensation
$275.6K
Related Orgs
$0
Other
$47.1K
Steven Hupert
Dir, Information Tech
$321.7K
Hrs/Wk
40
Compensation
$256.1K
Related Orgs
$0
Other
$65.6K
Steve Hansen
Vp, Information Tech-thru 6/26
$218.1K
Hrs/Wk
40
Compensation
$195.9K
Related Orgs
$0
Other
$22.2K
Josh Ullom
Vp, Applications & Analytics
$195.4K
Hrs/Wk
40
Compensation
$160.4K
Related Orgs
$0
Other
$35K
| Board Chair |
| 13 |
| $0 |
| $197.5K |
| $0 |
| $197.5K |
| Jennifer Anderson | Director | 6 | $0 | $138.8K | $0 | $138.8K |
| Julia S Gouw | Director | 5 | $0 | $155K | $0 | $155K |
| K Paul Singh | Director | 10 | $0 | $145K | $0 | $145K |
James Runcie
Director
$135K
Hrs/Wk
7
Compensation
$0
Related Orgs
$135K
Other
$0
James V Mckeon
Board Chair
$197.5K
Hrs/Wk
13
Compensation
$0
Related Orgs
$197.5K
Other
$0
Jennifer Anderson
Director
$138.8K
Hrs/Wk
6
Compensation
$0
Related Orgs
$138.8K
Other
$0
Julia S Gouw
Director
$155K
Hrs/Wk
5
Compensation
$0
Related Orgs
$155K
Other
$0
K Paul Singh
Director
$145K
Hrs/Wk
10
Compensation
$0
Related Orgs
$145K
Other
$0
| $0 |
| $60K |
| Jeremy Wheaton | Former President & CEO | — | $19.5K | $0 | $0 | $19.5K |
Jeremy Wheaton
Former President & CEO
$19.5K
Hrs/Wk
—
Compensation
$19.5K
Related Orgs
$0
Other
$0