2022-07-12T16:45:58-05:00 2022-03-31 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2021-04-01 954358213 ALLIANCE FOR CHILDREN'S RIGHTS ALLI 2133686010 3333 WILSHIRE BLVD 550 LOS ANGELES CA 90010 JENNIFER BRAUN PRESIDENT & CEO 2133686010 2022-07-12 1 JENNIFER BRAUN 999009999 DONITA M JOSEPH P00286656 5624351191 2022-07-01 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JENNIFER BRAUN 3333 WILSHIRE BLVD 550 LOS ANGELES CA 90010 8658432 0 X HTTPS://ALLIANCEFORCHILDRENSRIGHTS.ORG/ X 1992 CA THE ALLIANCE OFFERS FREE LEGAL SERVICES TO CHILDREN IMPACTED BY POVERTY & FOSTER CARE. 33 33 72 753 0 0 8133101 8192307 0 0 170918 224324 0 0 8304019 8416631 0 0 0 0 5198319 5686478 0 0 796429 1324565 1510479 6522884 7196957 1781135 1219674 18314664 19569267 1177887 742537 17136777 18826730 X THE ALLIANCE HAS IMPROVED THE LIVES OF MORE THAN 150,000 YOUNG CLIENTS WITH STABILITY THROUGH ADOPTION AND LEGAL GUARDIANSHIP, AND WITH ACCESS TO HEALTHCARE, EDUCATION, AND OTHER CRITICAL SUPPORTS, SERVING 5,424 CHILDREN AND YOUNG ADULTS THIS FISCAL YEAR. 0 0 1101832 EDUCATION:THE ALLIANCE LEVELS THE PLAYING FIELD FOR CHILDREN IN FOSTER CARE BY ADVOCATING FOR THEM TO RECEIVE ASSESSMENTS, EDUCATION SERVICES, AND THERAPIES TAILORED TO MEET THEIR SPECIAL NEEDS. THE ALLIANCE CREATED THE SALTZ FAMILY EARLY INTERVENTION CENTER WHICH INCREASES ACCESS TO TREATMENTS AND SERVICES FOR HUNDREDS OF CHILDREN AGES 0 - 5 EVERY YEAR. THE ALLIANCE ALSO WORKS TO KEEP YOUTH ON TRACK FOR HIGH SCHOOL GRADUATION BY TRAINING EDUCATORS WHO WORK WITH CHILDREN RECOVERING FROM TRAUMA, AND BY ENSURING THEY ARE IN APPROPRIATE CLASSES, RECEIVING APPROPRIATE CREDITS, AND HAVE TUTORING, TRANSPORTATION AND OTHER SERVICES TO SUPPORT THEIR EDUCATION, EVEN WHEN THEY MUST CHANGE SCHOOLS. 795679 OPPORTUNITY YOUTH COLLABORATIVE (LA OYC):LA OYC IS A COLLECTIVE EFFORT TO IMPROVE EDUCATION AND EMPLOYMENT OPPORTUNITIES FOR TRANSITION AGE FOSTER YOUTH FROM AGES 14 TO 24. TO OVERCOME SERVICE GAPS, THE LA OYC BRINGS TOGETHER PUBLIC AND PRIVATE AGENCIES, COMMUNITY-BASED ORGANIZATIONS, FOUNDATIONS, EDUCATIONAL INSTITUTIONS, AND EMPLOYERS TO ADDRESS THE BARRIERS THAT IMPEDE FOSTER YOUTH AND CREATE PATHWAYS FOR THEM TO ACHIEVE SUCCESS IN SCHOOL AND AT WORK. BY COORDINATING RESOURCES; ALIGNING SERVICES; SHARING INFORMATION; IDENTIFYING BEST PRACTICES; AND INCORPORATING THE VOICES OF FOSTER YOUTH IN SOLUTIONS THAT AFFECT THEM, THE LA OYC IS BUILDING PARTNERSHIPS TO HELP FOSTER YOUTH SUCCEED IN EDUCATION AND CAREERS. 710305 TRANSITION-AGE YOUTH (TAY) SERVICES:EVERY YEAR, THOUSANDS OF YOUNG PEOPLE "AGE OUT" OF LA'S FOSTER CARE SYSTEM WITHOUT A PERMANENT FAMILY, ADEQUATE ASSISTANCE OR PREPARATION. THE ALLIANCE PROVIDES TARGETED SUPPORT TO THOSE YOUTH, EMPOWERING THEM WITH LEGAL ADVOCACY, CONNECTION TO RESOURCES, SKILL BUILDING WORKSHOPS, AND MENTORING TO OVERCOME BARRIERS TO EMPLOYMENT, EDUCATION, HOUSING, AND HEALTHCARE. THE ALLIANCE ASSISTS YOUTH WHO HAVE EXPERIENCED FINANCIAL FRAUDS, AND ADVOCATES FOR HIGH-NEEDS FOSTER YOUTH, INCLUDING PREGNANT AND PARENTING TEENS AND YOUTH WHO CROSS INTO THE DELINQUENCY SYSTEM. FOR YOUTH WITH DISABILITIES, THE ALLIANCE SECURES SSI BENEFITS TO HELP THEM OBTAIN HOUSING AND MEDICAL CARE. 440843 ADOPTION:THE ALLIANCE COMPLETES ADOPTIONS THAT ALLOW CHILDREN TO EXIT FOSTER CARE WITH THEIR ADOPTIVE FAMILIES. WORKING WITH THOSE ADOPTIVE FAMILIES TO IDENTIFY THE CHILDRENS' LEGAL, HEALTH, EDUCATIONAL, AND FINANCIAL NEEDS, THE ALLIANCE ALSO OVERCOMES BARRIERS AND DELAYS FOR CHILDREN IN FOSTER CARE WHO ARE WAITING FOR THEIR ADOPTIONS TO FINALIZE. WITH THE HELP OF PRO BONO ATTORNEYS, THE ALLIANCE COMPLETES APPROXIMATELY ONE-THIRD OF ALL ADOPTIONS OUT OF FOSTER CARE IN LOS ANGELES COUNTY, AND ALSO OBTAINS THE SERVICES NECESSARY TO STABILIZE THE NEW FAMILIES. OUR ADOPTION DAY PROGRAM LED TO THE CREATION OF NATIONAL ADOPTION DAY, WHICH IS NOW CELEBRATED IN EVERY STATE ACROSS THE COUNTRY. 213898 GUARDIANSHIP:ADOPTION IS NOT THE ONLY MEANS THROUGH WHICH CHILDREN WHO CANNOT SAFELY REMAIN WITH PARENTS FIND STABLE, LOVING CAREGIVERS. THE ALLIANCE ASSISTS RELATIVES AND FAMILY FRIENDS TO BECOME LEGAL GUARDIANS THROUGH THE PROBATE COURT, PROVIDING CHILDREN WITH THE STABILITY OF A FAMILY AND WITH GUARDIANS WHO ARE AUTHORIZED TO PROVIDE FOR THEIR MEDICAL CARE, EDUCATION, AND WELLBEING. THE ALLIANCE AND ITS PRO BONO ATTORNEYS HELP HUNDREDS OF LOW INCOME CAREGIVERS BECOME LEGAL GUARDIANS AND GAIN ACCESS TO SERVICES AND SUPPORT EACH YEAR. 613101 PUBLIC BENEFITS AND SERVICES:CHILDREN IN FOSTER CARE HAVE A TREMENDOUS NEED FOR A STABLE HOME. CAREGIVERS, PARTICULARLY RELATIVES, WHO STEP UP TO PROVIDE FOR THESE CHILDREN ARE OFTEN LOW-INCOME AND CAN BECOME OVERWHELMED WITH THEIR NEW RESPONSIBILITIES, PUTTING THAT ESSENTIAL STABILITY AT RISK. THE ALLIANCE OBTAINS APPROPRIATE FUNDING AND SERVICES FOR THESE CHILDREN SO THAT CAREGIVERS CAN PROVIDE BASIC NECESSITIES AND ACCESS CRITICAL SERVICES LIKE SPECIALIZED MEDICAL EQUIPMENT AND THERAPIES, COUNSELING, CHILDCARE, EDUCATIONAL SERVICES, AND RESPITE CARE. SECURING THESE RESOURCES CAN OFTEN MEAN THE DIFFERENCE BETWEEN PERMANENT, SAFE HOMES AND STRUGGLING, UNSTABLE ONES. 287781 HEALTHCARE:A CHILD'S ILLNESS CAN BE EMOTIONALLY AND FINANCIALLY DEVASTATING FOR ANY FAMILY AND, FOR FAMILIES ALREADY LIVING IN POVERTY, THE CHALLENGES ARE EVEN GREATER. THE ALLIANCE HELPS CHILDREN FACING MEDICAL ELIGIBILITY PROBLEMS, TREATMENT DENIALS AND INADEQUATE ACCESS TO PHYSICIANS, DENTISTS, AND MENTAL HEALTH SERVICES. THE ALLIANCE CONDUCTS TRAINING AND SUPPORT FOR MEDICAL AND SOCIAL SERVICE PROVIDERS ON THE NEEDS AND RIGHTS OF FOSTER YOUTH AND AVAILABLE RESOURCES. THE ALLIANCE ALSO PROTECTS THE RIGHTS OF PREGNANT AND PARENTING TEENS IN FOSTER CARE TO HEALTHCARE AND SEXUAL AND REPRODUCTIVE EDUCATION SO THAT THEY HAVE THE RESOURCES AND SUPPORT THEY NEED TO BE GOOD PARENTS AND BREAK THE INTER-GENERATIONAL CYCLE OF CHILDREN BEING REMOVED FROM YOUNG PARENTS IN FOSTER CARE. 1311549 SYSTEM-WIDE REFORM:THE ALLIANCE WORKS AT THE STATE AND LOCAL LEVELS TO DEVELOP ANDIMPLEMENT POLICIES AND PRACTICES THAT IMPROVE CHILDREN'S LIVES AND WELL-BEING. THROUGH ITS WORK WITH A HIGH VOLUME OF INDIVIDUAL CLIENTS, AS WELL AS THROUGH COLLABORATION WITH LEGAL SERVICES PROGRAMS AND SUPPORT CENTERS ACROSS THE STATE, THE ALLIANCE IS ABLE TO RECOGNIZE TRENDS, IDENTIFY SYSTEMIC ISSUES AND PURSUE REFORM THROUGH LITIGATION, LEGISLATIVE OR ADMINISTRATIVE ADVOCACY IN ORDER TO IMPROVE OUTCOMES AND PROMOTE THE WELL-BEING OF CHILDREN AND FAMILIES. 2867172 5474988 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 21 0 1 72 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X DEBBIE COHEN 2133686010 3333 WILSHIRE BLVD 550 LOS ANGELES CA 90010 JENNIFER BRAUN PRESIDENT & CEO 37.50 X 219503 0 30016 KERRI SEIBLY CHIEF DEVELOPMENT OFFICER 37.50 X 181406 0 13996 DANILO GARCIA CHIEF FINANCIAL OFFICER 37.50 X 156769 0 12405 LARA HOLTZMAN VP, LEGAL & PROGRAM SERVICES 37.50 X 141860 0 16302 KRISTIN POWER VP, POLICY AND ADVOCACY 37.50 X 134775 0 15918 LAURI COLLIER OYC DIRECTOR 37.50 X 132648 0 18407 CYNTHIA BILEY ADOPTION DIRECTOR 37.50 X 124231 0 18362 JILL ROWLAND EDUCATION DIRECTOR 37.50 X 124231 0 11706 DENA COOK CO-CHAIR 2.00 X X 0 0 0 ALAN J EPSTEIN CO-CHAIR 2.00 X X 0 0 0 PHILLIP H RUDOLPH SECRETARY 2.00 X X 0 0 0 TRENT COPELAND TREASURER 2.00 X X 0 0 0 MATTHEW D BABRICK DIRECTOR 1.00 X 0 0 0 KAREY BURKE DIRECTOR 1.00 X 0 0 0 MANUEL CACHAN DIRECTOR 1.00 X 0 0 0 JAMES P CLARK DIRECTOR 1.00 X 0 0 0 SCOTT A EDELMAN DIRECTOR 1.00 X 0 0 0 E MARTIN ESTRADA DIRECTOR 1.00 X 0 0 0 ALEXSONDRA FIXMER DIRECTOR 1.00 X 0 0 0 SUSAN F FRIEDMAN DIRECTOR 1.00 X 0 0 0 ANDREW D GARELICK DIRECTOR 1.00 X 0 0 0 CLIFF GILBERT-LURIE DIRECTOR 1.00 X 0 0 0 LESLIE GILBERT-LURIE DIRECTOR 1.00 X 0 0 0 BARBARA GRUSHOW DIRECTOR 1.00 X 0 0 0 ANGIE HARMON DIRECTOR UNTIL 09/2021 1.00 X 0 0 0 GINO ISAAC DIRECTOR UNTIL 10/2021 1.00 X 0 0 0 YASMINE DELAWARI JOHNSON DIRECTOR UNTIL 1/2022 1.00 X 0 0 0 JO KAPLAN DIRECTOR 1.00 X 0 0 0 MITCHELL T KAPLAN DIRECTOR 1.00 X 0 0 0 KAREN MACK DIRECTOR 1.00 X 0 0 0 STEVEN A MARENBERG DIRECTOR 1.00 X 0 0 0 GARY NEWMAN DIRECTOR 1.00 X 0 0 0 MARY RITTI DIRECTOR 1.00 X 0 0 0 ALEX G ROMAIN DIRECTOR 1.00 X 0 0 0 RICK ROSEN DIRECTOR 1.00 X 0 0 0 BRUCE ROSENBLUM DIRECTOR 1.00 X 0 0 0 BRADLEY ROSS DIRECTOR 1.00 X 0 0 0 SUSAN SALTZ DIRECTOR 1.00 X 0 0 0 JOSE F SANCHEZ DIRECTOR 1.00 X 0 0 0 TONI M SCHULMAN DIRECTOR 1.00 X 0 0 0 KRIS SPAZAFUMO DIRECTOR 1.00 X 0 0 0 SILVIA VANNINI DIRECTOR 1.00 X 0 0 0 CHRIS B WALTHER DIRECTOR 1.00 X 0 0 0 ROBERT J WOOLWAY DIRECTOR 1.00 X 0 0 0 1215423 0 137112 8 0 1 0 0 X 1616083 1728162 4848062 132877 8192307 224324 224324 241801 1616083 241801 0 8416631 0 0 224324 673850 246071 189396 238383 4117568 3470139 355759 291670 97135 83518 7720 5897 454106 367568 44894 41644 343819 268180 38469 37170 6480 6480 24500 24500 52609 52609 201211 156081 850 44280 169608 115741 38619 15248 222833 149791 30547 42495 415346 326876 48250 40220 33487 13557 15185 4745 82581 64413 9910 8258 57429 45106 6565 5758 PROFESSIONAL DUES, TRAI 99703 60683 18359 20661 YOUTH DEVELOPMENT SERVI 80678 80678 ALL OTHER EXPENSES 43909 6481 37428 INTERN, VOLUNTEER, AND 8656 8656 11449 11449 7196957 5474988 925540 796429 2372931 2777950 2903221 2604466 178309 190584 989694 748603 247918 241091 12612285 13755176 18314664 19569267 419487 742537 758400 0 1177887 742537 X 13603950 15021126 3532827 3805604 17136777 18826730 18314664 19569267 1219674 470279 0 X 0 1 X 1 0 X 6108126 4505332 8246565 8133101 8192307 35185431 6108126 4505332 8246565 8133101 8192307 35185431 7241875 27943556 155643 181493 197920 188806 224324 948186 5000 5000 36138617 0.77320 0.75350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4000000 4000000 3250000 750000 4000000 3250000 3250000 3250000 3250000 3250000 3250000 1.00000 0 0 989694 748603 241091 241091 X 22708702 470276 13874404 14344680 8364022 52609 52609 8416631 21018749 13874401 13874401 7144348 52609 52609 7196957 PART V, LINE 4: DURING FISCAL YEAR 2022, THERE WAS NO ALLOCATION OF UNRESTRICTED NET ASSETS TO THE ENDOWMENT FUND. THE BALANCE AS OF MARCH 31, 2022 REMAINED $4,000,000. PART X, LINE 2: FIN 48: THE ALLIANCE RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. TO DATE, THE ALLIANCE HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE ALLIANCE RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. THE ALLIANCE IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL PURPOSES IS THREE YEARS AND FOR CALIFORNIA IS FOUR YEARS. ANNUAL DINNER 1751963 1515533 236430 106984 129446 TENNIS FOR TOTS 105921 100550 5371 5371 1857884 1616083 241801 106984 134817 241801 0 X X X X 0 0 0 0 0 0 0 0 0 JENNIFER BRAUN PRESIDENT & CEO 219503 0 0 0 0 0 6585 0 23431 0 249519 0 0 0 KERRI SEIBLY CHIEF DEVELOPMENT OFFICER 181406 0 0 0 0 0 5442 0 8554 0 195402 0 0 0 DANILO GARCIA CHIEF FINANCIAL OFFICER 156769 0 0 0 0 0 4703 0 7702 0 169174 0 0 0 LARA HOLTZMAN VP, LEGAL & PROGRAM SERVICES 141860 0 0 0 0 0 4226 0 12076 0 158162 0 0 0 KRISTIN POWER VP, POLICY AND ADVOCACY 134775 0 0 0 0 0 4043 0 11875 0 150693 0 0 0 LAURI COLLIER OYC DIRECTOR 132648 0 0 0 0 0 3979 0 14428 0 151055 0 0 0 KAREN MACK GOLDSMITH KAREN IS MARRIED TO RUSSELL GOLDSMITH, CHAIRMAN OF CITY NATIONAL BANK (RBC) 89294 KAREN MACK GOLDSMITH (DIRECTOR OF THE BOARD) IS MARRIED TO RUSSELL GOLDSMITH (CHAIRMAN OF CITY NATIONAL BANK, RETIRED JANUARY 2022). THE ORGANIZATION'S BANKING AND INVESTMENT MANAGEMENT IS DONE THROUGH CITY NATIONAL BANK (NOW OWNED BY RBC), WHERE MR. GOLDSMITH WAS THE CHAIRMAN. CLIFFORD GILBERT-LURIE (DIRECTOR OF THE BOARD) IS ALSO ON THE CITY NATIONAL BANK BOARD OF DIRECTORS.(E) SHARING OF ORGANIZATION REVENUES? = NO 0 X 5 127437 SELLING PRICE X 1 5440 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 DID ANY OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE HAVE A FAMILY OR BUSINESS RELATIONSHIP WITH ANOTHER? CLIFF AND LESLIE GILBERT-LURIE ARE HUSBAND AND WIFE. THEY BOTH SIT ON THE BOARD OF DIRECTORS FOR THE ALLIANCE FOR CHILDREN'S RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B DESCRIBE THE PROCESS THE ORGANIZATION USES TO REVIEW FORM 990. THE AUDIT COMMITTEE MEETS WITH THE AUDITORS TO REVIEW AND DISCUSS A DRAFT OF THE FORM 990 AND APPROVES IT BEFORE PROVIDING IT TO THE EXECUITVE COMMITEE AND THE ENTIRE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C DESCRIBE HOW THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY AND A QUESTIONNAIRE ARE CIRCULATED TO ALL BOARD MEMBERS AND REQUIRE A SIGNATURE ON THE QUESTIONNAIRE PAGE. THE POLICY IS ALSO CIRCULATED TO THE STAFF AND ANY SUBCONTRACTORS AND REQUIRES A SIGNATURE ON THE QUESTIONNAIRE PAGE. IF ANYONE RECORDS AN INTEREST, THE PRESIDENT & CEO IS NOTIFIED AND IT IS DISCLOSED TO THE EXECUTIVE COMMITTEE OF THE BOARD TO ADDRESS ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 DESCRIBE THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OTHER OFFICERS, AND OTHER KEY EMPLOYEES. THE PROCESS OF DETERMINING THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND KEY EMPLOYEES INCLUDES A REVIEW, DISCUSSION AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, AND INDEPENDENT OF THE PERSON BEING COMPENSATED. THE EXECUTIVE COMMITTEE MAKES COMPENSATION DECISIONS BY LOOKING AT COMPARABILITY DATA, THE SKILLS AND EXPERTISE OF THE EXECUTIVES AND THE PERFORMANCE IN MEETING GOALS AND EXPECTATIONS, WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE EXECUTIVE COMMITTEE'S RECOMMENDATIONS THEN ARE CONFIRMED BY VOTE OF THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 DESCRIBE HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ALLIANCE FOR CHILDREN'S RIGHTS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE OR UPON REQUEST. FORM 990, PART VIII, LINE 1E: PPP LOAN ADVANCE FORGIVENESS IN MARCH 2020, CONGRESS PASSED THE PAYCHECK PROTECTION PROGRAM (PPP) UNDER DIVISION A, TITLE I OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT, AUTHORIZING LOANS TO SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS FOR USE IN PAYING EMPLOYEES THAT THEY CONTINUED TO EMPLOY THROUGHOUT THE COVID-19 PANDEMIC AND FOR RENT, UTILITIES, AND INTEREST ON MORTGAGES. LOANS OBTAINED THROUGH THE PROGRAM WERE ELIGIBLE TO BE FORGIVEN IF THE PROCEEDS WERE USED FOR QUALIFYING PURPOSES AND CERTAIN OTHER CONDITIONS WERE MET. ON APRIL 20, 2020, THE ALLIANCE RECEIVED A LOAN IN THE AMOUNT OF $758,400 THROUGH THE PPP. ON APRIL 16, 2021, THE SMALL BUSINESS ADMINISTRATION (SBA) APPROVED FORGIVENESS OF THE PPP LOAN IN FULL. THE ALLIANCE WILL RECOGNIZE INCOME FROM THE FORGIVENESS OF THE PPP LOAN DURING THE YEAR ENDED MARCH 31, 2022.