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California Education Assistance Inc

Cal Ed

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 953705585 ✦ El segundo, CA ✦ Designated as a 501(c)(3)

Overview

What is California Education Assistance Inc?

California Education Assistance Inc, commonly known as Cal Ed, is a nonprofit organization situated in El Segundo, California. With a single employee, their primary mission is to advance post-secondary education by financing Federal Family Education Loan Program (FFELP) loans, as authorized under the Higher Education Act of 1965. Revenue for the organization comes from the interest generated from these loans. Beyond financing, Cal Ed also aims to increase education-related information outreach services by offering financial aid advice and scholarships to students and their families, as well as financial aid directors. Furthermore, the organization conducts research on various education-related topics, including early childhood education and the education of non-traditional students, and shares the findings with the public.


Official website here: www.allslcinvestor.net

Is California Education Assistance Inc legitimate?

California Education Assistance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Education Assistance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $146,382
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.allslcinvestor.net

What is the mission statement of California Education Assistance Inc?

California Education Assistance Inc's mission involves conducting research on various education-related issues, including early childhood education and education for non-traditional students. They aim to disseminate the findings of this research to the public. Additionally, the organization expands its education-related information outreach services to offer financial aid advice and counseling to students, their families, and financial aid directors. Furthermore, California Education Assistance Inc provides scholarships to individuals to aid them in pursuing their education.


Official website here: www.allslcinvestor.net

Who is the CEO of California Education Assistance Inc?

William Markenson is the Ceo, Board Chairman (Effective 9/1/2021) of California Education Assistance Inc. The CEO's salary of California Education Assistance Inc is $46,698 and their total compensation is $394,042.


Official website here: www.allslcinvestor.net

What is the revenue of California Education Assistance Inc?

California Education Assistance Inc's revenue in 2022 was $5,955,718.


Official website here: www.allslcinvestor.net

Who are the executives of California Education Assistance Inc and what are their salaries?

The average compensation at California Education Assistance Inc during 2022 was $146,382. There are 1 employees at California Education Assistance Inc.

Here are 10 key members and their salaries (California Education Assistance Inc's CEO's salary is $46,698 and their total compensation is $394,042):

    William R Hansen (Chief Administrative Officer)
  • Compensation: $0
  • Related: $362,284
  • Other: $69,065

    • William Markenson (Ceo, Board Chairman (Effective 9/1/2021)) [Trustee/Director]
  • Compensation: $46,698
  • Related: $309,904
  • Other: $37,440

    • Charles Bull (Board Chairman 7/1/2021 To 8/31/2021) [Trustee/Director]
  • Compensation: $19,106
  • Related: $58,387
  • Other: $0

    • Arthur Baldonado (Director Through 8/31/2021)
  • Compensation: $17,531
  • Related: $52,687
  • Other: $0

    • Yvonne Hall (Director Through 8/31/2021)
  • Compensation: $17,531
  • Related: $52,687
  • Other: $0

    • Dr Juan Casillas (Director/Secretary Through 8/31/2021)
  • Compensation: $16,031
  • Related: $52,687
  • Other: $0

    • Laura Johnson (Director Effective 9/1/2021)
  • Compensation: $8,000
  • Related: $0
  • Other: $0

    • Janet Murillo (Director/Secretary Effective 9/1/2021)
  • Compensation: $8,000
  • Related: $0
  • Other: $0

    • Paul Fromer (Director Effective 9/1/2021)
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Donald Sterling (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0


  • Official website here: www.allslcinvestor.net

    Where can I find the form 990 for California Education Assistance Inc?

    The California Education Assistance Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.allslcinvestor.net

    Learn more at the official website: www.allslcinvestor.net

    Mission Statement of California Education Assistance Inc

    California Education Assistance Inc is committed to furthering education-related knowledge and opportunities. Central to its mission is conducting research on various aspects of education, such as early childhood education and the education of non-traditional students. The organization then disseminates the findings of these studies to the public. Additionally, California Education Assistance Inc extends its reach beyond research by expanding education-related information outreach services. This involves offering financial aid information and counseling to students, their families, and financial aid directors. Furthermore, the nonprofit provides scholarships to individuals to aid them in their educational pursuits. Through these initiatives, California Education Assistance Inc seeks to broaden access to education and support those seeking to advance their knowledge and skills.

    Impact

    This information is meant to be a general summary of California Education Assistance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, July 21, 2024

    California Education Assistance Inc's impact includes expanding education-related information outreach services to provide financial aid information and counseling to students, their families, and financial aid directors. Additionally, the organization offers scholarships to individuals to assist them in pursuing education. Their mission involves conducting research on education and education-related issues, distributing the results to the public, and supporting post-secondary education by providing financing for FFELP loans authorized under the Higher Education Act of 1965. Through these efforts, California Education Assistance Inc is contributing to the advancement of education and enhancing access to financial resources for students seeking higher education opportunities.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,137
  • Program Service Revenue: $1,725,504
  • Gross Receipts: $5,955,718

    • Assets and Liabilities:
  • Total Assets: $61,569,609
  • Total Liabilities: $2,026,024
  • Net Assets: $59,543,585
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Student Loan Program

    Revenue

    $1,725,504

    Organization Details

    Founding Year

    1987

    Principal Officer

    William Markenson

    Main Address

    840 Apollo Street Suite 306, El Segundo, CA, 90245

    NTEE Category

    Code: W600 - Public benefit

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