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Nonprofiteer
← ALL MANAGEMENT CORPORATION

Form 990 for tax year 2022

Filed by ALL MANAGEMENT CORPORATION.

Totals

Total revenue
$2,847,657
Total expenses
$2,363,303
Contributions and grants received
$151,763
Grants paid
$0
Program service revenue
$2,392,042
Investment income
$303,852
Other revenue
$0
Total assets, end of year
$17,716,835
Total liabilities, end of year
$262,987
Net assets or fund balances, end of year
$17,453,848
Program services expenses (Part IX)
$1,774,951
Management and general expenses
$588,352
Fundraising expenses
$0
Program service expenses (Part III)
$1,774,951

Program services were 75.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $151,763

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Program Revenue - Portfolio Management

    total $1,146,410 · related or exempt $1,146,410 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Management Fees and Related Interest

    total $1,245,632 · related or exempt $1,245,632 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $457,021 · related or exempt $0 · unrelated business $0 · excluded $457,021

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $8,928,235 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $9,081,404 · other assets $0

  • 7c · Gain or loss

    securities -$153,169 · other assets $0

  • 7d · Net gain or loss

    total -$153,169 · related or exempt $0 · unrelated business $0 · excluded -$153,169

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,448,532 · program services $1,117,469 · management and general $331,063 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $50,440 · program services $27,868 · management and general $22,572 · fundraising $0

  • 8 · Pension plan contributions

    total $45,071 · program services $22,535 · management and general $22,536 · fundraising $0

  • 9 · Other employee benefits

    total $117,791 · program services $100,122 · management and general $17,669 · fundraising $0

  • 10 · Payroll taxes

    total $106,823 · program services $101,561 · management and general $5,262 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $3,666 · program services $0 · management and general $3,666 · fundraising $0

  • 11c · Fees: accounting

    total $40,476 · program services $0 · management and general $40,476 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $36,818 · program services $0 · management and general $36,818 · fundraising $0

  • 11g · Fees: other

    total $83,820 · program services $82,725 · management and general $1,095 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $146,267 · program services $124,327 · management and general $21,940 · fundraising $0

  • 14 · Information technology

    total $33,230 · program services $28,245 · management and general $4,985 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $78,489 · program services $66,716 · management and general $11,773 · fundraising $0

  • 17 · Travel

    total $49,847 · program services $42,370 · management and general $7,477 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $7,724 · program services $6,179 · management and general $1,545 · fundraising $0

  • 23 · Insurance

    total $58,146 · management and general $58,146 · fundraising $0

  • 24a · Other expenses: Student Loan Program Costs

    total $40,640 · program services $40,640 · management and general $0 · fundraising $0

  • 24b · Other expenses: Association Dues

    total $14,194 · program services $14,194 · management and general $0 · fundraising $0

  • 24c · Other expenses: Taxes

    total $1,023 · program services $0 · management and general $1,023 · fundraising $0

  • 24d · Other expenses: Bank Charges

    total $306 · program services $0 · management and general $306 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,507 · end of year $115,368

  • 2 · Savings and temporary cash investments

    beginning of year $460,821 · end of year $235,859

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,574,246 · end of year $7,968,097

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $4,060,731 · end of year $4,184,242

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,473 · end of year $78,510

  • 10a · Land, buildings and equipment: cost or other basis

    $241,375

  • 10b · Land, buildings and equipment: accumulated depreciation

    $237,519

  • 10c · Land, buildings and equipment, net

    beginning of year $11,580 · end of year $3,856

  • 11 · Investments: publicly traded securities

    beginning of year $10,639,751 · end of year $5,126,228

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,743 · end of year $4,675

  • 17 · Accounts payable and accrued expenses

    beginning of year $254,902 · end of year $199,215

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 25 · Other liabilities

    beginning of year $3,450 · end of year $63,772

  • 27 · Net assets without donor restrictions

    beginning of year $16,626,500 · end of year $17,453,848

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

ALL Management Corporation provides 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.

  • 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.

    Expenses $1,419,961 · Revenue $1,146,410

  • 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.

    Expenses $354,990 · Revenue $1,245,632

As filed on the 2022 return.

Listed in Part VII

  • William D Markenson

    Chief Executive Officer

    Total calculated
    $488,139
    From this org
    $374,127
    From related orgs
    $62,008
    Other
    $52,004
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $345,582 + $62,008 related
    Bonus
    $0
    Other
    $28,545
    Deferred
    $20,250
    Nontaxable benefits
    $31,754
    Filer's total
    $426,131 + $62,008 related

  • William R Hansen

    Chief Administrative Officer

    Total calculated
    $452,082
    From this org
    $383,300
    From related orgs
    $0
    Other
    $68,782
    Hours/week
    30 + 15 related

    Schedule J breakdown matched by us

    Base
    $353,100
    Bonus
    $30,200
    Other
    $0
    Deferred
    $20,250
    Nontaxable benefits
    $48,532
    Filer's total
    $452,082

  • Michael Grace

    Managing Director Financial and Accounting Services

    Total calculated
    $307,061
    From this org
    $250,576
    From related orgs
    $0
    Other
    $56,485
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $219,250
    Bonus
    $31,326
    Other
    $0
    Deferred
    $18,581
    Nontaxable benefits
    $37,904
    Filer's total
    $307,061

  • Neeta Singh Sharma

    Enterprise and Data Architect

    Total calculated
    $203,254
    From this org
    $167,130
    From related orgs
    $0
    Other
    $36,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,198
    Bonus
    $0
    Other
    $16,932
    Deferred
    $12,542
    Nontaxable benefits
    $23,582
    Filer's total
    $203,254

  • Ephraim Floresca

    Manager, Analytics, Reporting and Technology

    Total calculated
    $187,675
    From this org
    $142,683
    From related orgs
    $0
    Other
    $44,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,725
    Bonus
    $0
    Other
    $14,958
    Deferred
    $10,856
    Nontaxable benefits
    $34,136
    Filer's total
    $187,675

  • Sheryl Levy

    Director, Human Resources

    Total calculated
    $179,979
    From this org
    $148,416
    From related orgs
    $0
    Other
    $31,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,130
    Bonus
    $0
    Other
    $16,286
    Deferred
    $11,175
    Nontaxable benefits
    $20,388
    Filer's total
    $179,979

  • Melissa Vaughan

    Chief Compliance Officer & General Counsel

    Total calculated
    $122,487
    From this org
    $117,900
    From related orgs
    $0
    Other
    $4,587
    Hours/week
    21

  • Charles Bull

    Board Chairman

    Total calculated
    $65,244
    From this org
    $65,244
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Dr Juan Casillas

    Director, Board Secretary

    Total calculated
    $54,797
    From this org
    $54,797
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Yvonne Hall

    Director

    Total calculated
    $54,797
    From this org
    $54,797
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Arthur Baldonado

    Director

    Total calculated
    $53,297
    From this org
    $53,297
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349311744

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