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Nonprofiteer
← ALL MANAGEMENT CORPORATION

Form 990 for tax year 2023

Filed by ALL MANAGEMENT CORPORATION.

Totals

Total revenue
$2,411,285
Total expenses
$2,255,729
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,295,168
Investment income
$116,117
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$1,845,143
Management and general expenses
$410,586
Fundraising expenses
$0
Program service expenses (Part III)
$1,845,143

Program services were 81.8% 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.

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

    total $357,515 · related or exempt $357,515 · unrelated business $0 · excluded $0

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

    total $1,937,653 · related or exempt $1,937,653 · 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 $114,189 · related or exempt $0 · unrelated business $0 · excluded $114,189

  • 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 $131,860 · other assets $0

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

    securities $129,932 · other assets $0

  • 7c · Gain or loss

    securities $1,928 · other assets $0

  • 7d · Net gain or loss

    total $1,928 · related or exempt $0 · unrelated business $0 · excluded $1,928

  • 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 $1,686,493 · program services $1,473,873 · management and general $212,620 · fundraising $0

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $250,563 · program services $157,855 · management and general $92,708 · fundraising $0

  • 8 · Pension plan contributions

    total $16,908 · program services $11,923 · management and general $4,985 · fundraising $0

  • 9 · Other employee benefits

    total $35,408 · program services $31,867 · management and general $3,541 · fundraising $0

  • 10 · Payroll taxes

    total $49,191 · program services $44,272 · management and general $4,919

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $10,103 · program services $0 · management and general $10,103 · fundraising $0

  • 11c · Fees: accounting

    total $26,940 · program services $0 · management and general $26,940 · 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 $12,579 · program services $0 · management and general $12,579 · fundraising $0

  • 11g · Fees: other

    total $15,666 · program services $666 · management and general $15,000

  • 12 · Advertising and promotion

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

  • 13 · Office expenses

    total $44,220 · program services $39,798 · management and general $4,422 · fundraising $0

  • 14 · Information technology

    total $12,517 · program services $10,640 · management and general $1,877 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

    total $26,175 · program services $22,249 · management and general $3,926 · fundraising $0

  • 17 · Travel

    total $8,835 · program services $7,510 · management and general $1,325 · 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 $1,886 · program services $1,509 · management and general $377

  • 23 · Insurance

    total $23,366 · program services $10,810 · management and general $12,556 · fundraising $0

  • 24a · Other expenses: Student Loan Program Costs

    total $32,171 · program services $32,171 · management and general $0 · fundraising $0

  • 24b · Other expenses: Association Dues

    total $2,370 · program services $0 · management and general $2,370 · fundraising $0

  • 24c · Other expenses: Taxes

    total $228 · program services $0 · management and general $228 · fundraising $0

  • 24d · Other expenses: Bank Charges

    total $110 · program services $0 · management and general $110 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $115,368 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $235,859 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,968,097 · end of year $0

  • 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 $4,184,242 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $78,510 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,856

  • 11 · Investments: publicly traded securities

    beginning of year $5,126,228 · end of year $0

  • 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 $4,675 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $199,215 · end of year $0

  • 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

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $63,772

  • 27 · Net assets without donor restrictions

    beginning of year $17,453,848 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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 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.

  • 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 $1,107,086 · Revenue $357,515

  • 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 $738,057 · Revenue $1,937,653

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William R Hansen

    Chief Administrative Officer

    Total calculated
    $861,692
    From this org
    $555,182
    From related orgs
    $38,095
    Other
    $268,415
    Hours/week
    30 + 15 related

    Schedule J breakdown matched by us

    Base
    $318,315 + $29,597 related
    Bonus
    $204,000
    Other
    $32,667 + $451 related
    Deferred
    $226,500
    Nontaxable benefits
    $41,915 + $8,047 related
    Filer's total
    $823,397 + $38,095 related

  • Michael Grace

    Managing Director Financial and Accounting Services

    Total calculated
    $542,515
    From this org
    $487,881
    From related orgs
    $0
    Other
    $54,634
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $191,445
    Bonus
    $131,750
    Other
    $164,686
    Deferred
    $20,906
    Nontaxable benefits
    $33,728
    Filer's total
    $542,515

  • William D Markenson

    Chief Executive Officer

    Total calculated
    $431,112
    From this org
    $293,729
    From related orgs
    $66,907
    Other
    $70,476
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $262,441 + $62,111 related
    Bonus
    $0
    Other
    $31,288
    Deferred
    $43,173
    Nontaxable benefits
    $27,303 + $4,796 related
    Filer's total
    $364,205 + $66,907 related

  • Ephraim Floresca

    Manager, Analytics, Reporting and Technology

    Total calculated
    $374,871
    From this org
    $297,648
    From related orgs
    $23,259
    Other
    $53,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,291 + $23,259 related
    Bonus
    $77,000
    Other
    $107,357
    Deferred
    $22,465
    Nontaxable benefits
    $31,499
    Filer's total
    $351,612 + $23,259 related

  • Melissa Vaughan

    Chief Compliance Officer & General Counsel

    Total calculated
    $302,304
    From this org
    $281,723
    From related orgs
    $0
    Other
    $20,581
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $95,723
    Bonus
    $78,000
    Other
    $108,000
    Deferred
    $20,581
    Nontaxable benefits
    $0
    Filer's total
    $302,304

  • Sheryl Levy

    Director, Human Resources

    Total calculated
    $274,797
    From this org
    $148,937
    From related orgs
    $16,184
    Other
    $109,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,798 + $12,635 related
    Bonus
    $0
    Other
    $16,139 + $132 related
    Deferred
    $90,488
    Nontaxable benefits
    $19,188 + $3,417 related
    Filer's total
    $258,613 + $16,184 related

  • Neeta Singh Sharma

    Enterprise and Data Architect

    Total calculated
    $222,250
    From this org
    $186,871
    From related orgs
    $0
    Other
    $35,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,208
    Bonus
    $0
    Other
    $59,663
    Deferred
    $14,023
    Nontaxable benefits
    $21,356
    Filer's total
    $222,250

  • Cynthia Wallace

    Accountant

    Total calculated
    $132,216
    From this org
    $113,155
    From related orgs
    $0
    Other
    $19,061
    Hours/week
    40

  • Charles Bull

    Board Chairman

    Total calculated
    $41,285
    From this org
    $41,285
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Yvonne Hall

    Director

    Total calculated
    $33,173
    From this org
    $33,173
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dr Juan Casillas

    Director, Board Secretary

    Total calculated
    $31,598
    From this org
    $31,598
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Arthur Baldonado

    Director

    Total calculated
    $25,298
    From this org
    $25,298
    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
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

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.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $65,204. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
15 October 2024
IRS schema version
2023v5.0
Source object
202412899349302261

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