2024-05-14T21:35:21-07:00 2023-06-30 990 2022-07-01 953705585 CALIFORNIA EDUCATION ASSISTANCE INC CALI 3102428814 840 Apollo Street Suite 306 El Segundo CA 90245 William Hansen Chief Administrative Officer 3102428814 2024-05-14 William Hansen 999009999 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Cal Ed William Markenson 840 Apollo Street Suite 306 El Segundo CA 90245 24591666 0 X www.caledassist.org X 1987 CA Provide grants to tax exempt organizations that provide education-related outreach services, counseling of students, and student resources to assist individuals in pursuing an education. 5 4 1 0 0 0 0 0 1725504 0 1137 -40518536 4229077 0 5955718 -40518536 0 0 0 0 146382 124981 0 0 0 2889450 1309384 3035832 1434365 2919886 -41952901 61569609 25547209 2026024 7956525 59543585 17590684 Conduct research on education and education-related issues, including without limitation early childhood education and the education of non-traditional students, and distribute the results to the public; Expand education-related information outreach services to provide financial aid information and counseling to students, their families, and financial aid directors; and provide scholarships to individuals to assist them in pursuing an education. 0 0 1304596 0 0 Conduct research on education and education-related issues, including without limitation early childhood education and the education of non-traditional students, and distribute the results to the public; provide grants to tax exempt organizations that provide education-related outreach services, counseling of students, and student resources to assist individuals in pursuing and education. 0 0 0 1304596 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 1 1 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X William R Hansen 3102428814 840 Apollo Street Suite 306 El Segundo CA 90245 William Markenson CEO, Board Chairman 20 20 X X 62008 374127 52004 William R Hansen Chief Administrative Officer 15 30 X 0 383300 68782 Paul Fromer Director 5 0 X 12000 0 0 Laura Johnson Director 5 X 12000 0 0 Janet Murillo Director/Secretary 5 0 X X 12000 0 0 Donald Sternberg Director 5 0 X 12000 0 0 110008 757427 120786 0 0 1 0 0 0 0 4478 0 0 4478 0 0 0 0 0 0 0 0 0 0 24587188 0 65110202 0 -40523014 0 -40523014 0 0 -40523014 0 -40518536 0 0 -40518536 0 0 0 0 0 0 0 0 112955 21478 91477 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12026 6013 6013 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 194 194 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31279 31279 0 0 1245632 1245632 0 0 0 0 0 0 30274 0 30274 0 Other Expense 1990 0 1990 0 Bank Fees 15 0 15 0 0 0 0 0 1434365 1304596 129769 0 0 0 1039875 284696 0 0 211383 12250 0 0 0 0 0 0 0 0 154544 94291 25000000 0 60163807 0 0 0 0 155972 61569609 25547209 2026024 67707 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7888818 2026024 7956525 X 59543585 17590684 0 0 59543585 17590684 61569609 25547209 -41952901 0 0 0 0 0 X 0 1 X 1 0 X 24172609 18041067 11092385 1725504 4478 55036043 24172609 18041067 11092385 1725504 4478 55036043 55036043 394898 221522 3947 1137 0 621504 394898 221522 3947 1137 0 621504 0 0 537991 550000 0 4229077 0 5317068 25105498 18812589 11096332 5955718 4478 60974615 0.90261 0.91983 0.01019 0.01034 X Schedule A, Part III, Line 12 In fiscal year 2018 the gain on bonds repurchased and retired was $537,991. In fiscal year 2019 the gain on bonds repurchased and retired was $550,000. In fiscal year 2020 there was no Other Income. In fiscal year 2021 the supporting organization (ALLMC) forgave $4,229,077 of unpaid management fees. In fiscal year 2022 there was no Other Income. Accounts Payable to Related Organizaion 7888818 7888818 X Schedule D, Part X, Line 2 The Entity evaluated whether it had uncertain tax positions that should be recognized in the Entity's financial statements based on a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The accounting for uncertain tax positions also provides guidance on derecognition, classification, interest and penalties, accounting for interim periods, disclosures, and transition. Based on management's evaluation of the Entity's tax positions for the open tax years, management concluded that there are no significant uncertain tax positions requiring recognition in the Entity's financial statements at June 30, 2023 and 2022, respectively. Interest and penalties related to uncertain tax positions will be recognized in income tax expense when incurred. As of June 30, 2023 and 2022, the Entity had no interest and penalties related to uncertain tax positions. X 0 0 0 0 0 0 0 0 0 William Markenson CEO, Board Chairman 62008 345582 0 0 0 28545 0 20250 0 31754 62008 426131 0 0 William R Hansen Chief Administrative Officer 0 353100 0 0 0 30200 0 20250 0 48532 0 452082 0 0 Form 990, Part VI, Section B, Line 11b The Form 990 is prepared internally and reviewed by the ALLMC Chief Administrative Officer for completeness. After review by management, a final version of the Form 990 is sent for review to all CalEd board members prior to filing. The Board then communicates any Form 990 questions or issues they have with management. Any modifications required from this review are made prior to signature by an authorized corporate officer and filing. Form 990, Part VI, Section B, Line 12c The Corporation requires an annual conflict of interest statement by each of the directors, officers, and key employees of the organization. This statement certifies that the covered individual has received a copy of the Conflicts of Interest Policy; that he or she has read and understood the Conflicts of Interest Policy; and that he or she has agreed to comply with the Conflicts of Interest Policy. In addition, each is required to disclose any organizations in which he or she serves as a board member or receives compensation and also required to disclose any exceptions to this policy for the year. This statement is collected annually for each covered individual at the end of the fiscal year and is reviewed by the corporate counsel to insure compliance with the policy. Form 990, Part VI, Section B, Line 15 The Board of Directors of the Corporation determines the compensation of the CEO and corporate officers utilizing the services of an independent compensation consultant. This consultant provides a compensation analysis based on salary surveys of similar organizations provided every 2 or 3 years. The most recent analysis was performed in 2021. All proceedings related to compensation are recorded in the Board minutes. In the related entities, the directors of that Corporation determine the salaries of the Administrative Officer and other key employees (managing directors) by incorporating the report of the independent compensation consultant that uses salary surveys based on comparable organizations. Form 990, Part VI, Section C, Line 19 The organization's governing documents and annual information returns are available to the public upon request in accordance with the IRS exempt organization public disclosure requirements. Financial statements and conflict of interest policy are not made available to the public. ALL Management Corporation 840 Apollo Street Suite 306 El Segundo CA 90245 954415401 Management Services CA 501(c)(3) 12 N/A 0 ALL Student Loan Resources Corporation 840 Apollo Street Suite 306 El Segundo CA 90245 954627973 Management Services CA 501(c)(3) PF N/A 0 ALL Student Credit Corporation 840 Apollo Street Suite 306 El Segundo CA 90245 954674774 Financial Post Secondary Education CA 501(c)(3) PF N/A 0 ALL Student Loan Finance Corporation 840 Apollo Street Suite 306 El Segundo CA 90245 954674769 Origination/Purchasing Student Loans CA 501(c)(3) PF N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 ALL Management Corporation d 6393851 increase in amount payable for loan agreement from prior year. ALL Management Corporation m 2392042 Contractual Amount