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.caledassist.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
California Education Assistance Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's overall score is primarily derived from its strong performance in the Accountability & Finance beacon, showcasing transparency and effective management practices. Notably, the organization has an independent board comprised of 80% members, demonstrating a commitment to governance and oversight.
The charity excels in various metrics, including a solid program expense ratio of 77.23%, which reflects a significant investment in its programs relative to its overall expenses. Additionally, the organization has implemented robust policies, such as a conflict of interest policy and a whistleblower policy, both of which contribute to a culture of accountability. The absence of material diversion of assets further highlights its integrity in financial management.
While the data is overwhelmingly positive, it's essential for potential donors and stakeholders to remain informed about the organization's activities and impact. Regular updates and transparency in reporting outcomes can help maintain trust and encourage continued support for the valuable services California Education Assistance Inc provides to the community.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $493,554
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,261
For more financial information, click here
Official website here: www.caledassist.org
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.caledassist.org
Who is the CEO of California Education Assistance Inc?
William Markenson is the CEO of California Education Assistance Inc The CEO's salary of California Education Assistance Inc is $64,111 and their total compensation is $433,112.
Official website here: www.caledassist.org
What is the revenue of California Education Assistance Inc?
California Education Assistance Inc's revenue in 2024 was $1,420,060.
Official website here: www.caledassist.org
Who are the executives of California Education Assistance Inc and what are their salaries?
The average compensation at California Education Assistance Inc during 2024 was $186,605. There are 3 employees at California Education Assistance Inc.
Here are 7 key members and their salaries (California Education Assistance Inc's CEO's salary is $64,111 and their total compensation is $433,112):
- Compensation: $29,597
- Related: $555,182
- Other: $276,462
- Compensation: $64,111
- Related: $293,729
- Other: $75,272
- Compensation: $12,635
- Related: $148,937
- Other: $113,093
- Compensation: $14,000
- Related: $0
- Other: $0
- Compensation: $14,000
- Related: $0
- Other: $0
- Compensation: $14,000
- Related: $0
- Other: $0
- Compensation: $14,000
- Related: $0
- Other: $0
Official website here: www.caledassist.org
Where can I find the form 990 for California Education Assistance Inc?
California Education Assistance Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.caledassist.org
Learn more at the official website: www.caledassist.org
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.
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Impact
July, 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.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,371,210
- Program Service Revenue: $1,725,504
- Gross Receipts: $2,323,883
Assets and Liabilities:
- Total Assets: $61,569,609
- Total Liabilities: $2,026,024
- Net Assets: $59,543,585
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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
Website
www.caledassist.orgNTEE Category
Code: W600 - Public benefit
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