2022-05-13T19:05:31-07:00 2021-06-30 990 2020-07-01 953705585 ACCESS TO LOANS FOR LEARNING STUDENT LOAN CORPORATION ACCE 3109794700 840 Apollo Street Suite 306 El Segundo CA 90245 William Hansen Chief Administrative Officer 3109794700 2022-05-13 0 11 0 AAL2 X 2020 2022-09-23 18:48:47Z X ALL Student Loan William Markenson 840 Apollo Street Suite 306 El Segundo CA 90245 11096332 0 X www.allslcinvestor.net X 1987 CA To provide financing of FFELP loans authorized under the Higher Education Act of 1965, as amended, for the benefit and advancement of post secondary education. 5 4 0 0 0 0 0 0 18041067 11092385 221522 3947 550000 0 18812589 11096332 0 0 0 0 261637 272138 0 0 0 20250379 12031822 20512016 12303960 -1699427 -1207628 528832203 475895632 469955889 418226946 58876314 57668686 To provide financing of FFELP loans authorized under the Higher Education Act of 1965, as amended, for the benefit and advancement of post secondary education. Revenue is earned through student loan interest generated from originated and purchased FFELP loans. 0 0 9727041 0 11092385 To provide financing of FFELP loans authorized under the Higher Education Act of 1965, as amended, for the benefit and advancement of post secondary education. Revenue is earned through student loan interest generated from originated and purchased FFELP loans. 0 0 0 9727041 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 7 0 1 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X William R Hansen 3109794700 840 Apollo Street Suite 306 El Segundo CA 90245 William R Hansen Chief Administrative Officer 15 30 X 0 347233 67336 William Markenson CEO, Board Chairman 15 25 X X 62888 256369 22659 Charles Bull Director 5 10 X 52688 54687 0 Arthur Baldonado Director 5 5 X 52688 52687 0 Yvonne Hall Director 5 5 X 52688 52687 0 Dr Juan Casillas Director/Secretary 5 5 X X 52688 52687 0 273640 816350 89995 0 0 1 0 0 0 Student Loan Program 525990 11092385 11092385 0 0 0 11092385 3525 0 0 3525 422 0 0 422 0 0 0 0 0 0 0 0 0 11096332 11092385 0 3947 X 272138 0 272138 0 425484 0 425484 0 93385 0 93385 0 1766468 1766468 0 0 26549 0 26549 0 5725696 5715235 10461 0 3201104 1460066 1741038 0 7864 0 7864 0 Claim Payment Write-offs 90594 90594 0 0 Rating Agency Monitoring 42000 42000 0 0 Restructuring Expenses 652678 652678 0 0 12303960 9727041 2576919 0 0 0 19529677 16244269 0 0 475103 513584 0 0 0 0 505999814 456589106 0 0 2827609 2548673 0 0 0 0 0 0 0 0 0 0 0 528832203 475895632 10095836 11904201 0 0 0 0 109831666 99123953 0 0 0 0 0 0 0 0 350028387 307198792 469955889 418226946 X 58876314 57668686 0 0 58876314 57668686 528832203 475895632 -1207628 0 0 0 0 0 X 0 1 X 1 0 X 20291570 22376166 24172609 18041067 11092385 95973797 20291570 22376166 24172609 18041067 11092385 95973797 95973797 87636 249000 394898 221522 3947 957003 87636 249000 394898 221522 3947 957003 0 559375 537991 550000 0 1647366 20379206 23184541 25105498 18812589 11096332 98578166 0.97358 0.9738 0.00971 0.0093 X Schedule A, Part III, Line 12 in fiscal years 2017, 2018 and 2019 there was a gain on bonds repurchased and retired of $559,375, $537,991 and $550,000 respectively. 0 Taxable Bonds 322359579 Bond Discount Amortization -15160787 307198792 X 11096332 0 0 0 0 0 11096332 0 0 0 11096332 12303960 0 0 0 0 0 12303960 0 0 0 12303960 Schedule D, Part I, 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 the managment's evaluation of the Entity's tax positions for the open tax years, which are generally tax years 2017 to 2020 for federal and state jurisdictions except for California, whcih has open tax years 2016 through 2020, management concluded that there are no significant uncertain tax positions requiring recognition in the Entity's financial statements agt June 30, 2021 and 2020, respectively. Interest and penalties related to uncertain taxx positions will be recognized in income tax expense when incurred. As of June 30, 2021 and 2020, the Entity had no interest and penalties related to uncertain tax positions. 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 the managment's evaluation of the Entity's tax positions for the open tax years, which are generally tax years 2017 to 2020 for federal and state jurisdictions except for California, whcih has open tax years 2016 through 2020, management concluded that there are no significant uncertain tax positions requiring recognition in the Entity's financial statements agt June 30, 2021 and 2020, respectively. Interest and penalties related to uncertain taxx positions will be recognized in income tax expense when incurred. As of June 30, 2021 and 2020, the Entity had no interest and penalties related to uncertain tax positions. X 0 0 0 0 0 0 0 0 0 William R Hansen Chief Administrative Officer 0 318253 0 0 0 28772 0 19500 0 47836 0 414361 0 0 William Markenson CEO, Board Chairman 62888 229468 0 0 0 26901 0 6250 0 16409 62888 279028 0 0 A Access to Loans for Learning Student Loan 953705585 00432MAV1 2003-01-29 58700000 Refunding and finance student loans 0 1 0 B Access to Loans for Learning Student Loan 953705585 00432MCU1 2010-09-29 341507738 Refunding and finance student loans 0 1 0 A 43900000 0 78862207 85216 0 0 48390 0 0 0 78182167 0 2004 1 0 1 1 B 263283785 0 356526010 450247 0 0 537890 0 0 0 354384271 0 2010 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Schedule K, Part I, Column f-01/29/2003 58,700,000 Access to Loans for Learning Student Loan refunded bonds issue date: November 14, 1996 Schedule K, Part I, Column f-09/29/2010 341,507,738 Access to Loans for Learning Student Loan refunded bonds issue dates: August 23, 2001; June 23, 2004; September 18, 2007. Schedule K, Part IV, Line 2c-01/29/2003 58,700,000 Access to Loans for Learning Student Loan The year end used to complete the Schedule K is 5/31/2021. Calculation dates, 12/21/07 (5yr), 12/31/12 (10yr), 12/31/17 (15yr). Schedule K, Part IV, Line 2c-09/29/2010 341,507,738 Access to Loans for Learning Student Loan The year end used to complete the Schedule K is 5/31/2021. Calculation date, 5/31/15 (5yr), 5/31/20 (10yr). Form 990, Part V, Line 2a Corporation has no employees and depends on the supporting organization to provide all management services. Form 990, Part VI, Section A, Line 6 Single member entity Form 990, Part VI, Section A, Line 7a The directors of corporation have the power to select or remove all officers, agents, and employees of the corporation; prescribe any powers and duties for them that are consistent with law, with the articles of incorporation and with the bylaws; and fix their compensation. Form 990, Part VI, Section A, Line 7b The directors of corporation have the power to select or remove all officers, agents, and employees of the corporation; prescribe any powers and duties for them that are consistent with law, with the articles of incorporation and with the bylaws; and fix their compensation. Form 990, Part VI, Section B, Line 11b The 990 is prepared internally, then reviewed by the Chief Adminstrative Officer for completeness, After review by managment, a final version is sent for review to all Access to Loans board members prior to their next regularly scheduled meeting. The Board discusses any Form 990 questions or issues they have with management at that meeting. Any modifications required after the meeting 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 Conflict of 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 compensatin 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 determine the compensation of the top management official 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 These are unavailable to the public. Form 990, Part IX, Line 11g Management fees to affiliate. 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 52678 Loan Agreement ALL Management Corporation m 3208470 Contractual Amount Independent financial audit was not completed in time for initial filing deadline.