2025-05-08T13:08:57-07:00 2024-06-30 990 2023-07-01 953705585 CALIFORNIA EDUCATION ASSISTANCE INC CALI 3102428814 840 Apollo Street Suite 306 El Segundo CA 90245 William Hansen Chief Administrative Officer 3102428814 2025-05-08 1 2023 2025-03-06 01:10:19Z CalEdAssist William Markenson 840 Apollo Street Suite 306 El Segundo CA 90245 2323883 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 3 0 0 0 0 0 0 0 -40518536 1420060 0 0 -40518536 1420060 0 281070 0 0 124981 629057 0 0 0 1309384 2408783 1434365 3318910 -41952901 -1898850 25547209 34153565 8017535 97829 17529674 34055736 California Education Assistance's mission is to help improve public education in California by removing barriers to learning and fostering creative, innovative solutions that empower students and educators. We are committed to ensuring equitable access to resources, opportunities, and support systems that enable every learner to reach their full potential. Through collaboration, advocacy, and forward-thinking initiatives, we strive to create a future where education is inclusive, dynamic, and transformative for all. 0 0 1418521 281070 0 Distribute resources to non-profit organizations that provide critical services to California students in support of opportunities for an equitable education, including completion of post-secondary education and achievement of career goals 0 0 0 1418521 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 3 1 0 0 0 0 0 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 R Hansen Chief Administrative Officer 25 40 X 29597 555182 276462 William Markenson CEO, Board Chairman 20 25.00 X X 64111 293729 75272 Sheryl Levy Program Director 20 30 X 12635 148937 113093 Janet Murillo Director/Secretary 5 0 X X 14000 0 0 Paul Fromer Director 5 0 X 14000 0 0 Laura Johnson Director 5 0 X 14000 0 0 Donald Sternberg Director 5 0 X 14000 0 0 162343 997848 464827 0 0 1 0 0 0 0 1371210 0 0 1371210 0 0 0 0 0 0 0 0 0 0 952673 0 903823 0 48850 0 48850 0 0 48850 0 1420060 0 0 1420060 281070 281070 0 0 0 0 0 0 493554 394843 98711 0 0 0 0 0 66261 59635 6626 0 0 0 0 0 45741 41167 4574 0 23501 21151 2350 0 0 0 0 0 57271 0 57271 0 41281 0 41281 0 0 0 0 0 0 0 42420 0 42420 0 0 0 0 0 0 0 0 0 17263 15537 1726 0 153820 138438 15382 0 0 0 0 0 52435 47191 5244 0 29269 26342 2927 0 0 0 0 0 0 0 0 0 0 0 0 0 1937652 387530 1550122 0 2084 1876 208 0 54815 0 54815 0 Taxes 14473 0 14473 0 Association Dues 1325 1192 133 0 Grant Review Expenses 1329 1329 0 0 Payroll Services 1356 1220 136 0 1990 0 1990 0 3318910 1418521 1900389 0 0 0 284696 101551 0 0 0 0 0 0 0 0 0 0 0 0 106541 197241 245090 241490 0 3600 25000000 33846396 0 0 0 0 0 0 155972 4777 25547209 34153565 67707 34829 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7949828 63000 8017535 97829 X 17529674 34055736 0 0 17529674 34055736 25547209 34153565 X -1898850 833901 0 0 0 17591011 X 0 1 X 1 0 X 18041067 11092385 1725504 0 0 30858956 18041067 11092385 1725504 0 0 30858956 30858956 221522 3947 1137 4477 1371209 1602292 221522 3947 1137 4477 1371209 1602292 0 0 550000 0 4229077 0 0 4779077 18812589 11096332 5955718 4477 1371209 37240325 0.82864 0.90261 0.04303 0.01019 X Schedule A, Part III, Line 12 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 (ALL Management Corporation) forgave $4,229,077 of unpaid management fees. In fiscal years 2022 and 2023 there was no Other Income. 0 0 0 0 0 0 0 0 6004 6004 0 0 214072 210472 3600 0 25014 25014 0 3600 0 Refundable Advance 63000 63000 X 19739556 833901 0 0 17528015 18361916 1377640 42420 0 42420 1420060 3276490 0 0 0 0 0 3276490 42420 0 42420 3318910 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, 2024. Interest and penalties related to uncertain tax positions will be recognized in income tax expense when incurred. As of June 30, 2024 the Entity had no interest and penalties related to uncertain tax positions. Schedule D, Part XI, Line 2d Net Assets transferred when ALL Management Corporation was merged into California Education Assistance, Inc. Recorded as revenue on audited financial statement classified as Inherent Contribution Received. 1 Strada Collaborative Inc dba Inside Track 10 W Market St Suite 1100 Indianapolis IN 46204 861250084 501(c)(3) 156070 0 Funding for InsideTrack Student Success Coaching that is designed to improve student engagement, persistence, and satisfaction while generating valuable insights to inform institutional decision-making. Through digital guidance, outreach, and one-on-one meetings, coaches ensure that students engage with available resources and develop a plan to efficiently and effectively complete their degree program. Bay Area Girls Club 260 Broadway Richmond CA 94804 510172193 501(c)(3) 50000 0 Provide grant to Bay Area Girls Club for its College and Career Exploration, Essential Life Skills, Exposure to College Campus Life Workshops. In partnership with RPAL's Richmond Young Scholars (RYS) program, a nonprofit organization that provides support for youth as they transition into adulthood, Bay Area Girls Club will take College Bound Girls along with other youth with RYS on a trip to explore HBCUs (Historically Black Colleges and Universities in Louisiana, Atlanta, and Alabama. Jovenes Inc 1208 Pleasant Ave Los Angeles CA 90033 954342434 501(c)(3) 50000 0 Grant establishes CalEdAssist Scholarship Fund to support students in the Jovenes College Success Initiative, which seeks to assist homeless college students achieve their goals by providing housing and supportive services. By filling in the gaps of current public funding sources, this scholarship fund will assist students with academic needs such as class hold fees and necessary supplies. Goal Beyond Inc 402 W Broadway Fl 20 San Diego CA 92101 851410105 501(c)(3) 25000 0 The grant is to support borrower engagement as part of the Goal Beyond Debt Forgiveness Initiative. This will include issuing letters to over 6,000 borrowers, cross-referencing and validating their personal details in the Goal Beyond database, managing their on-boarding to the AscentUp training program, and supporting them with credit repair resources to improve their economic mobility. 4 0 Schedule I, Part I, Line 2 Organizations awarded grants are evaluated for eligibility to receive charitable contributions utilizing IRS publication 78 data prior to receiving the funds. All Grants awarded include a contract that requires reporting on use of funds and/or reporting of results of program supported by the grant. X X 0 0 0 0 0 0 0 0 0 William R Hansen Chief Administrative Officer 29146 318515 0 204000 451 32667 0 226500 8047 41915 37644 823597 0 0 William Markenson CEO, Board Chairman 64111 262441 0 0 0 31288 0 43173 4796 27303 68907 364205 0 0 Sheryl Levy Program Director 12503 132798 0 0 132 16139 0 90488 3417 19188 16052 258613 0 0 Form 990, Part VI, Section B, Line 11b The Form 990 is prepared internally and reviewed by the Chief Administrative Officer for completeness. After review by management, a final version of the Form 990 is sent for review to all 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. 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 Transfer of merged net assets of ALL Management Corporation at date of merger November 2, 2023 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 ALL Management Corporation m 1937652 Contractual amount ALL Management Corporation s 8327718 Assets transferred from ALL Management Corporation as part of merger in November 2023