2024-10-15T15:12:55-07:00 2023-11-30 990 2023-07-01 954415401 ALL MANAGEMENT CORPORATION ALLM 3109794700 840 Apollo Street Suite 306 El Segundo CA 90245 William Hansen Chief Administrative Officer 3102428814 2024-10-15 1 2023 2024-10-15 13:58:12Z X William Markenson 840 Apollo St Suite 306 El Segundo CA 90245 2541217 0 X www.allmc.org X 1993 CA ALL Management Corporation provided support services to 501(c)(3) public charities engaged in originating or assisting in the secondary market of student loans for postsecondary education and assists needy students in obtaining funds for their postsecondary education. X 5 4 9 0 0 0 151763 0 2392042 2295168 303852 116117 0 0 2847657 2411285 0 0 0 0 1768657 2038563 0 0 0 594646 217166 2363303 2255729 484354 155556 17716835 0 262987 0 17453848 0 X Sustainably provide and support programs where needed to help people attain the education, skills, and economic opportunity necessary to achieve a more self-sufficient and fulfilling quality of life. 0 1 1107086 0 357515 Portfolio management services - provide program management, compliance, reporting and related support services to California Education Assistance, Inc. in support of its mission to provide financing of certain loans authorized under the Higher Education Act of 1965, as amended, for the benefit and advancement of postsecondary education. 738057 0 1937653 Management services to similarly-missioned public charities - provides program management, reporting, marketing, compliance and related support services to California Education Assistance, Inc. for its investment in the FFELP loan program and related indentures to finance its charitable activities. 0 0 0 1845143 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 16 0 1 9 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 Hansen 3102428814 840 Apollo Street Suite 306 El Segundo CA 90245 William R Hansen Chief Administrative Officer 30 15 X 555182 38095 268415 Michael Grace Managing Director Financial and Accounting Services 15 30 X 487881 0 54634 William D Markenson Chief Executive Officer 20 20 X X 293729 66907 70476 Ephraim Floresca Manager, Analytics, Reporting and Technology 40 0 X 297648 23259 53964 Melissa Vaughan Chief Compliance Officer & General Counsel 30 0 X 281723 0 20581 Sheryl Levy Director, Human Resources 40 0 X 148937 16184 109676 Neeta Singh Sharma Enterprise and Data Architect 40 0 X 186871 0 35379 Cynthia Wallace Accountant 40 0 X 113155 0 19061 Charles Bull Board Chairman 10 0 X X 41285 0 0 Yvonne Hall Director 5 0 X 33173 0 0 Dr Juan Casillas Director, Board Secretary 5 0 X X 31598 0 0 Arthur Baldonado Director 5 0 X 25298 0 0 2496480 144445 632186 8 0 1 0 Thompson Hine LLP 1919 M Street NW Suite 700 Washington DC 200363537 Legal Services 198475 1 0 Program Revenue Portfolio Management 522291 357515 357515 0 0 Management Fees and Related Interest 522291 1937653 1937653 0 0 0 0 0 0 2295168 114189 0 0 114189 0 0 0 0 0 0 0 0 0 0 131860 0 129932 0 1928 0 1928 0 0 1928 0 2411285 2295168 0 116117 0 0 0 0 0 0 0 0 1686493 1473873 212620 0 0 0 0 0 250563 157855 92708 0 16908 11923 4985 0 35408 31867 3541 0 49191 44272 4919 0 0 0 0 10103 0 10103 0 26940 0 26940 0 0 0 0 0 0 0 12579 0 12579 0 15666 666 15000 0 0 0 0 44220 39798 4422 0 12517 10640 1877 0 0 0 0 0 26175 22249 3926 0 8835 7510 1325 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1886 1509 377 23366 10810 12556 0 Student Loan Program Costs 32171 32171 0 0 Association Dues 2370 0 2370 0 Taxes 228 0 228 0 Bank Charges 110 0 110 0 2255729 1845143 410586 0 115368 0 235859 0 0 0 7968097 0 0 0 0 0 4184242 0 0 0 78510 0 3856 5126228 0 0 0 0 0 0 0 4675 0 17716835 0 199215 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 63772 262987 0 X 17453848 0 0 0 17453848 0 17716835 0 X 155556 0 0 0 0 -17609404 X 0 0 0 X X 1 California Education Assistance Inc 953705585 10 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 Schedule A, Part IV, Section A, Line 1 California Education Assistance inc (CEA) is a publicly supported organization which is closely related to purpose and function to those publicly supported organizations referred to in the corporation's organizing document without being designated by name. Historically ALL Management Corporation has supported CEA since its inception in 1993. Schedule A, Part IV, Section E, Line 2a Supported CEA's mission by identifying and negotiating contract that provides counseling support for community college students to support a successful transition to a 4-year school or degree. Also, provided services to manage CEA's contract with the purchaser of its student loan indenture to provide transition services to the buyer. All of ALL Management Corporation's employees contributed to these activities. Schedule A, Part IV, Section E, Line 2b Since CEA had no staff it contracts with ALL Management Corporation's employees for cash management, accounting services, compliance services and administrative services. X 1 0 0 0 0 0 0 0 0 William R Hansen Chief Administrative Officer 318315 29597 204000 0 32667 451 226500 0 41915 8047 823397 38095 0 0 Michael Grace Managing Director Financial and Accounting Services 191445 0 131750 0 164686 0 20906 0 33728 0 542515 0 0 0 William D Markenson Chief Executive Officer 262441 62111 0 0 31288 0 43173 0 27303 4796 364205 66907 0 Ephraim Floresca Manager, Analytics, Reporting and Technology 113291 23259 77000 0 107357 0 22465 0 31499 0 351612 23259 0 0 Melissa Vaughan Chief Compliance Officer & General Counsel 95723 0 78000 0 108000 0 20581 0 0 0 302304 0 0 0 Sheryl Levy Director, Human Resources 132798 12635 0 0 16139 132 90488 0 19188 3417 258613 16184 0 0 Neeta Singh Sharma Enterprise and Data Architect 127208 0 0 0 59663 0 14023 0 21356 0 222250 0 0 0 Schedule J, Part I, Line 4 Severance payments were made to Michael Grace, $131,750 to Melissa Vaughan $78,000 to Ephraim Floresca $77,000 to Neeta Singh $40,800 and to Cynthia Wallace $29,538. Deferred severance was accrued for William Hansen $204,000 for Sheryl Levy $79,250 and for William Markenson $26.923. Cash 2023-11-16 21041 Book Value 953705585 California Education Assistance Inc 840 Apollo St Suite 306 El Segundo CA 90245 Investments 2023-11-16 4006369 Market value 953705585 California Education Assistance Inc 840 Apollo St Suite 306 El Segundo CA 90245 Prepaid Expenses 2023-11-16 65204 Book value 953705585 California Education Assistance Inc 840 Apollo St Suite 306 El Segundo CA 90245 Fixed Assets net of depreciation 2023-11-16 3335 Book Value 953705585 California Education Assistance Inc 840 Apollo St Suite 306 El Segundo CA 90245 Note Receivable and accrued interest 2023-11-16 4226242 Book value 953705585 California Education Assistance Inc 840 Apollo St Suite 306 El Segundo CA 90245 Deposits 2023-11-16 5527 Book Value 953705585 California Education Assistance Inc 840 Apollo St Suite 306 El Segundo CA 90245 0 1 0 0 1 1 1 1 0 Schedule N, Part I, Line 2 William Hansen was hired as Chief Administrative Officer of the transferee organization Sheryl Levy was hired as Program Director of the transferee organization, William Markenson was Chief Executive Officer and a director of the transferee organization at the time of the merger Form 990, Part III, Line 3 The organization ceased providing services on November 16, 2023 when it merged into California Education Assistance, Inc. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared internally and reviewed by the Chief Administrtative Officer for completeness. After review by management a final version is provided to board members prior to filing. 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 officers, directors 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 the policy for the year. This statement is collected annually for each covered individual at the end of the fiscal year and reviewed by 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. 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. Form 990, Part XI, Line 9 ALL Management Corporation was merged into California Education Assistance Inc. which assumed all its assets and liabilities. California Education Assistance Inc 840 Apollo St Suite 306 El Segundo CA 90245 953705585 Finance Student Loans CA 501(c)(3) 10 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 Finance 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 Originate and Purchase Student Loans CA 501(c)(3) PF N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 California Education Assistance Inc l 2156697 Contractual amount California Education Assistance Inc r 8327718 Assets transferred as part of merger in November 2023 Filed extension for short period due to final return