2024-03-13T20:20:36-07:00 2023-04-30 990 2022-05-01 941056137 CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS CALI 8009225272 500 Capitol Mall Suite 2350 Sacramento CA 95814 Natalie Quan CFO 6505223021 2024-03-13 Natalie Quan 999009999 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z NATALIE QUAN 500 CAPITOL MALL SUITE 2350 SACRAMENTO CA 95814 13877743 0 X www.calcpa.org X 1909 CA SUPPORT ITS MEMBERS AND PROMOTE THE INTEGRITY OF THE CPA PROFESSION 94 94 70 894 772845 171347 579681 579869 11146113 10573648 307790 183934 494110 514926 12527694 11852377 346626 324409 0 0 6820647 6977938 0 0 0 5237165 6792569 12404438 14094916 123256 -2242539 29020623 31429231 5695463 10503926 23325160 20925305 TO INCREASE THE VALUE AND PROMOTE THE INTEGRITY OF THE CPA PROFESSION,CONTRIBUTE TO THE SUCCESS OF OUR MEMBERS, AND STRENGTHEN CLIENT, EMPLOYER, PUBLIC AND GOVERNMENT TRUST IN CALCPA MEMBER ADVICE, WORK, PRODUCTS, AND OPINIONS. 0 0 MEMBERSHIP SERVICES AND CHAPTER PROGRAMS - CALCPA REPRESENTS AND PROVIDES SERVICES TO CPAs and Finance PROFESSIONALS IN CALIFORNIA. STATEWIDE COMMITTEES AND LEADERSHIP GROUPS COLLABORATE ON PROJECTS THAT INCREASE MEMBERS' TECHNICAL KNOWLEDGE, ENHANCE THE PROFESSION'S IMAGE, INFLUENCE REGULATION AND LEGISLATION, ATTRACT THE BEST AND THE BRIGHTEST TO THE PROFESSION AND STUDY THE CPA'S ROLE IN LOCAL, NATIONAL, AND GLOBAL ECONOMIES. CALCPA HAS MORE THAN 39,000 MEMBERS WITH 14 CHAPTERS THROUGHOUT THE STATE, EACH OF WHICH ENGAGES WITH LOCAL ACCOUNTING FIRMS, EDUCATIONAL INSTITUTIONS, AND OTHER FINANCIAL MEMBER GROUPS. CHAPTERS HOST LOCAL AND CHAPTER-WIDE MEMBER GROUPS THAT MEET REGULARLY TO EXCHANGE PROFESSIONAL KNOWLEDGE AND CONNECT WITH THEIR PEERS. THE CHAPTERS HELD ABOUT 275 MEETINGS AND EVENTS FOR THIS FISCAL YEAR AND OVER 30 FUNDRAISING EVENTS. NET PROCEEDS FROM THESE FUNDRAISING EVENTS WERE TRANSFERRED TO THE CALCPA INSTITUTE TO BENEFIT THE CHAPTERS' SCHOLARSHIP FUNDS. COMMUNICATIONS - CALCPA COMMUNICATIONS INCLUDE ELECTRONIC PUBLICATIONS DESIGNED TO KEEP MEMBERS INFORMED. CALCPA PRODUCED 10 ISSUES OF ITS CALIFORNIA CPA MAGAZINE (DIGITAL). CALCPA ALSO PRODUCED MORE THAN 1,300 DIFFERENT EMAILS THAT INCLUDE EDUCATIONAL OFFERINGS, CHAPTER BULLETINS AND DAILY CLIPS THAT PROVIDES LINKS TO NEWS RELATED TO CALIFORNIA, BUSINESS, THE CPA PROFESSION, PERSONAL FINANCE, TECHNOLOGY, AND TAX. CALCPA'S WEBSITE IS A MEMBER-FOCUSED CLEARINGHOUSE FILLED WITH NEWS, INFORMATION, RESOURCES AND EVENT LISTINGS FOR CALIFORNIA CPAS. OUR MEDIA AND PUBLIC RELATIONS EFFORTS PROMOTE THE INTEGRITY OF THE CPA PROFESSION AND POSITION OUR MEMBERS AS EXPERTS IN VARIOUS PROFESSIONAL SUBJECT AREAS. AS OF THE END OF THIS FISCAL YEAR, LINKEDIN FOLLOWERS WAS OVER 9,800, FACEBOOK FOLLOWERS ARE MORE THAN 6,500, X (FORMERLY TWITTER) FOLLOWERS ARE MORE THAN 11,000 AND CALCPA HAS MORE THAN 2,500 FOLLOWERS ON INSTAGRAM. GOVERNMENT RELATIONS - THE MAJORITY OF THE RESPONSIBILITY OF GOVERNMENT RELATIONS IS TO ADVOCATE FOR THE PUBLIC POLICY AND SELF-REGULATORY INTERESTS OF THE CPA PROFESSION, WHICH IS A CORNERSTONE OF CALCPA'S STRATEGIC PLAN. COMPONENTS OF THIS INCLUDE: ANTICIPATING AND RESPONDING TO LEGISLATIVE AND REGULATORY PROPOSALS THAT IMPACT THE PROFESSION AND THE BROADER BUSINESS COMMUNITY; CULTIVATING STRATEGIC RELATIONSHIPS WITH KEY GOVERNMENT AGENCIES AND OTHER PROFESSIONAL ORGANIZATIONS ENGAGED IN ADVOCACY, AND KEEPING CALCPA MEMBERSHIP APPRISED OF ONGOING AND EMERGING PUBLIC POLICY ISSUES. THIS YEAR, CALCPA'S GOVERNMENT RELATIONS PROGRAM ASSISTED IN THE DEVELOPMENT OF PUBLIC POLICY RESOURCES FOR CALCPA MEMBERS, FACILITATED MEETINGS WITH LEGISLATIVE LEADERS, AND ADVANCED POLICY PROPOSALS THAT SUPPORT CALIFORNIA CPAS, AND RELATED PROFESSIONALS, ABILITY TO EFFECTIVELY SERVE CLIENTS AND THE BROADER BUSINESS COMMUNITY. 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 30 0 70 1 1 1 0 0 0 1 1 0 0 0 X 94 94 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 CA X Natalie Quan 6505223021 500 Capitol Mall Suite 500 Sacramento CA 95814 Denise DeLuc Froemming President & Chief Executive Officer 20 20 X 245030 245030 22316 Matthew Koontz Vice President of Marketing and Communications 40 0 X 269292 0 21201 Natalie Quan Vice President & Chief Financial Officer 20 20 X 130159 130159 18076 Emil Redzic Vice President of Information Technology 20 20 X 118037 118037 16561 Jason Fox Vice President of Government Relations 40 0 X 221007 0 22136 Jill Pitchenik Vice President of Strategic Business Operations and DE&I 40 0 X 222415 0 17678 Jason Curry Salesforce Architect 20 20 X 102109 102109 22576 Denise Bethel Senior Director, Business Development & Partnerships 20 20 X 91705 91705 8191 Jolene Fraser - through 7-28-22 Past Chair 0.1 1 X 0 0 0 Tayiika Dennis Chair 0.1 1 X X 0 0 0 Christie Simons Past Chair (Immediate) 0.1 1 X X 0 0 0 Meredith Johnson First Vice Chair 0.1 1 X X 0 0 0 Matthew Martin - effective 7-28-22 Secretary/Treasurer 0.1 1 X X 0 0 0 Scott Hoppe - through 7-28-22 Education Foundation President 0.1 1 X 0 0 0 Adam Blitz - Effective 7-28-22 Foundation Chair 0.1 1 X 0 0 0 Mike Ray - through 7-28-22 Vice Chair 0.1 1 X 0 0 0 Miklos Ringbauer Vice Chair 0.1 1 X 0 0 0 David Neighbors Vice Chair 0.1 1 X 0 0 0 Jillian Phan Vice Chair 0.1 1 X 0 0 0 Maya Ivanova - through 7-28-22 Appointed Member 0.1 1 X 0 0 0 John Schultz Appointed Member 0.1 1 X 0 0 0 Mei-Li Huang- effective 7-28-22 Appointed Member 0.1 1 X 0 0 0 Panteha Dixon - effective 7-28-22 Appointed Member 0.1 1 X 0 0 0 Peter Brown - through 7-28-22 Council Members at Large 0.1 1 X 0 0 0 Richard Giedlin Council Representative to the Board 0.1 1 X 0 0 0 John Misuraca Council Representative to the Board 0.1 1 X 0 0 0 Erin Roche Council Representative to the Board 0.1 1 X 0 0 0 Dalton Sweaney - effective 7-28-22 Council Representative to the Board 0.1 1 X 0 0 0 1399754 687040 148735 14 0 1 0 The Avenue Group LLC 954 W Washington Blvd Suite 425 Chicago IL 60607 Web Development 230775 Armanino LLP 12567 Alcosta Blvd Suite 500 San Ramon CA 94583 Tax and Audit 109025 2 0 0 320299 0 0 259570 0 579869 Membership Dues 900099 8208935 8208935 0 0 Peer Review Fees 900099 1591868 1591868 0 0 Publications 541800 577012 0 577012 0 Non-qualified sponsorship 813910 195833 0 195833 0 0 0 0 0 10573648 198932 0 0 198932 0 0 0 0 0 0 0 0 0 0 1715206 0 1725094 5110 -9888 -5110 -14998 0 0 -14998 152458 320299 286661 -134203 0 -134203 7953 8501 -548 0 0 -548 Affiliation Fees 900099 550588 0 0 550588 Affinity Program 900099 98288 0 0 98288 801 801 0 0 649677 11852377 9801604 772845 698059 324409 0 0 0 746635 0 4723773 285303 814220 408007 0 115275 60537 96000 0 21039 870697 79002 589626 905335 0 549495 245129 0 1118512 0 0 803060 101406 Printing/Publications 241217 Free Courses for Members 335790 Impairment 660449 0 14094916 0 0 0 4619 0 1515020 2705524 0 0 151774 411992 0 0 0 0 0 0 0 0 542799 385338 21125544 4004077 18483300 17121467 6318987 6276195 0 0 0 0 0 95742 2004124 4432973 29020623 31429231 1492271 1332981 0 0 3393339 3552783 0 0 0 0 0 0 0 5000000 0 0 809853 618162 5695463 10503926 X 23325160 20925305 0 0 23325160 20925305 29020623 31429231 -2242539 -157316 0 0 0 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 8208935 370900 0 370900 410447 -39547 0 6275073 6275073 0 10400684 1575757 8824927 0 0 0 0 0 1573201 1573201 0 0 2876586 855119 2021467 17121467 Trust Assets - Deferred Compensation 509036 Due from Affiliates 3923937 4432973 0 Deferred Compensation 509036 Operating Lease 109126 618162 X Schedule D, Part X, Line 2 THE SOCIETY IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(C)(6) AND RELATED CALIFORNIA CODE SECTIONS. HOWEVER, THE ORGANIZATION IS SUBJECT TO INCOME TAXES FROM ACTIVITIES UNRELATED TO ITS TAX-EXEMPT PURPOSES. MANAGEMENT OF THE SOCIETY HAS EVALUATED ITS TAX POSITIONS AND RELATED INCOME TAX CONTINGENCIES. MANAGEMENT DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. Fresno Golf Tournament 50330 36270 14060 0 0 0 7845 14715 6044 San Jose ABC Fall Fest 42233 22000 20233 0 0 2950 16003 0 607 30 370985 252820 118165 200 0 59620 102005 4608 72064 463548 311090 152458 200 0 62570 125853 19323 78715 286661 -134203 1 CalCPA Institute 500 Capitol Mall Suite 500 Sacramento CA 95814 200978565 501c3 324409 0 THE PURPOSE OF GRANT OR ASSISTANCE: SUPPORT FOR CALCPA INSTITUTE INCLUDES TRANSFERS OF NET PROCEEDS FROM FUNDRAISING EVENTS HELD BY CALCPA CHAPTERS TO BENEFIT THE SCHOLARSHIP FUNDS, AS WELL AS MONETARY CONTRIBUTION TO SUPPORT THE ADMINISTRATION OF CALCPA INSTITUTE. 1 0 Schedule I, Part I, Line 2 VARIOUS CHAPTERS HAVE DIFFERENT ELIGIBILITY CRITERIA. HOWEVER, MOST SCHOLARSHIP APPLICATION REQUIREMENTS ARE THE SAME. APPLICANTS MUST BE ENROLLED IN AN ACCOUNTING PROGRAM OR BUSINESS PROGRAM WITH EMPHASIS IN ACCOUNTING, DISCLOSE THEIR CUMULATIVE GPA, SUBMIT TRANSCRIPTS AND SUBMIT AT LEAST ONE LETTER OF RECOMMENDATION FROM A PROFESSOR OR INSTRUCTOR. THE SCHOLARSHIPS FUNDS ARE ADMINISTERED AND DISTRIBUTED BY THE CALCPA INSTITUTE IN WHICH THE SOCIETY PASSES THE FUNDS FROM CHAPTERS. THE SOCIETY DOES NOT DIRECTLY OVERSEE THE DISTRIBUTION TO INDIVIDUALS. Schedule I, Part II, Line 1 The purposes of grant or assistance support for CalCPA Institute includes transfers of net proceeds from fundraising events held by CalCPA Chapters to benefit the scholarship funds, as well as monetary contribution to support the administration of CalCPA Institute. X X X X X 0 0 0 Denise DeLuc Froemming President & Chief Executive Officer 222530 222530 22500 22500 0 0 11039 11039 119 119 256188 256188 0 0 Natalie Quan Vice President & Chief Financial Officer 127159 127159 3000 3000 0 0 8919 8919 119 119 139197 139197 0 0 Matthew Koontz Vice President of Marketing and Communications 263292 0 6000 0 0 0 18657 0 2543 0 290492 0 0 0 Emil Redzic Vice President of Information Technology 115037 115037 3000 3000 0 0 4116 4116 4164 4164 126317 126317 0 0 Jill Pitchenik Vice President of Strategic Business Operations and DE&I 216415 0 6000 0 0 0 15291 0 2387 0 240093 0 0 0 Jason Fox Vice President of Government Relations 215007 0 6000 0 0 0 13574 0 8563 0 243144 0 0 0 Jason Curry Salesforce Architect 102109 102109 0 0 0 0 7131 7131 4157 4157 113397 113397 0 0 Denise Bethel Senior Director, Business Development & Partnerships 89205 89205 2500 2500 0 0 2710 2710 1386 1386 95801 95801 0 0 Form 990, Part VI, Section A, Line 6 THE CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS ("CALCPA") HAD OVER 39,000 MEMBERS AS OF APRIL 2023. MEMBERSHIP IN CALCPA CONSISTS OF FOUR CLASSES, NAMELY, CPA MEMBERS, STUDENT & CANDICATE MEMBERS, ASSOCIATE MEMEBERS, AND HONORARY MEMBERS. Form 990, Part VI, Section A, Line 7a THE CALCPA COUNCIL ("COUNCIL") IS THE GOVERNING BODY OF CALCPA. THE COUNCIL IS COMPRISED OF: (A) CHAPTER REPRESENTATIVES TO COUNCIL CONSISTING OF TWO MEMBERS PER CHAPTER PLUS ONE MEMBER FOR EVERY 1,000 ADDITIONAL MEMBERS BASED ON THE MEMBERSHIP COUNT ON MAY 1 OF THE PRECEDING YEAR, ELECTED BY MEMBERS OF THE 14 CHAPTERS; (B) COUNCIL-AT-LARGE MEMBERS, OFFICERS, AND VICE CHAIRS ARE ELECTED BY THE MEMBERSHIP AS A WHOLE; (C)AND STATE COMMITTEE CHAIRS, SECTION CHAIRS, THE PRESIDENT OF THE BOARD OF TRUSTEES OF CALCPA EDUCATION FOUNDATION, THE IMMEDIATE PAST CHAIR, AND THE PRIOR TEN CHARTIES ARE VOITNG COUNCIL MEMBERS BY VIRTUE OF THEIR POSITIONS; (D) ALL VOTING MEMBERS OF THE CALCPA BOARD OF DIRECTORS. FOR 22-2023, THERE WERE 15 VOTING MEMBERS. THE COUNCI'S RESPONSIBILTITES FOCUS ON STRATEGIC PLANNING, POLICY MAKING, AND THE ADOPTION OF A BUDGET ON BEHALF OF MEMBERSHIP. Form 990, Part VI, Section A, Line 7b THE CALCPA COUNCIL ("COUNCIL") IS THE GOVERNING BODY OF CALCPA. THE CALCPA BOARD OF DIRECTORS ("BOARD") IS THE EXECUTIVE COMMITTEE OF COUNCIL AND IS COMPRISED OF 15 MEMBERS ELECTED BY COUNCIL. THE BOARD REPRESENTS THE COUNCIL IN CARRYING OUT THE STRATEGIES AND POLICIES SET BY THE COUNCIL AND MEMBERSHIP. THE COUNCIL DELEGATED THE OPERATING AUTHORITY TO THE BOARD. Form 990, Part VI, Section B, Line 11b FORM 990 IS PREPARED BY CALCPA STAFF. IT IS REVIEWED IN DETAIL BY THE CONTROLLER AND A SECONDARY, HIGH-LEVEL REVIEW IS CONDUCTED BY THE CFO AND INDEPENDENT ACCOUNTANTS. THE REVIEWED DRAFT IS CIRCULATED TO MEMBERS OF THE AUDIT COMMITTEE REQUESTING THE REVIEW, COMMENTS, AND QUESTIONS. ALL THE QUESTIONS AND CONCERNS ARE ADDRESSED AND RESULTING NOTIFICATIONS ARE MADE AS APPROPRIATE. ONCE THE REVIEW PROCESS IS COMPLETED, THE FORM 990 IS PROVIDED TO ALL COUNCIL AND BOARD MEMBERS AND IS FILED WITH THE IRS ON OR BEFORE THE DUE DATE. Form 990, Part VI, Section B, Line 12c CALCPA ANNUALLY REQUIRES THAT ALL MEMBERS OF THE COUNCIL AND BOARD OF DIRECTORS READ THE CONFLICT-OF-INTEREST POLICY AND SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENTS ARE REVIEWED UPON RECEIPT. IF CONFLICTS ARE IDENTIFIED, CALCPA'S CEO REVIEWS THE STATEMENT AND WILL REFER TO LEGAL COUNSEL, IF NECESSARY. IN ITS ANNUAL TRAINING OF INCOMING BOARD MEMBERS CALCPA DISCUSSES WITH ITS LEADERS THAT THE ORGANIZATION IS GOVERNED BY CALIFORNIA CORPORATION CODE AND THAT THEY HAVE A FIDUCIARY DUTY AS DIRECTORS OF CALCPA. Form 990, Part VI, Section B, Line 15 THE SOCIETY BOARD OF DIRECTORS IS DELEGATED RESPONSIBILITY TO REVIEW THE CEO'S GOALS, PERFORMANCE, AND COMPENSATION TO THE CEO GOALS AND OBJECTIVE COMMITTEE ("COMMITTEE"). THE COMMITTEE IS COMPRISED OF THE PRESIDENT, PAST PRESIDENT, FIRST VICE PRESIDENT, AND SECRETARY/TREASURER. ALL MEMBERS OF THE COMMITTEE DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE DETERMINATION OF THE CEO'S COMPENSATION. THE COMMITTEE MEETS AND SETS OUT GOALS FOR THE CEO TO ACCOMPLISH THROUGH OUT THE YEAR. AFTER THE END OF THE FISCAL YEAR, THE COMMITTEE PERFORMS THEIR DUE DILIGENCE REVIEW OF THE CEO'S GOALS AND PERFORMANCE AS WELL AS THE COMPARABLE DATA AND MAKES THE FINAL RECOMMENDATION TO THE BOARD OF DIRECTORS, WHICH HAS FINAL APPROVAL. COMPARABLE DATA INCLUDES FORM 990 OF OTHER STATE CPA SOCIETIES SIMILAR TO SIZE AND A COMPENSATION SURVEY CONDUCTED BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE). THE CEO DETERMINES THE SALARY OF THE CFO BASED ON AN ANNUAL PERFORMANCE REVIEW MEASURES AGAINST GOALS PRESET BY THE CEO. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. California Certified Public Accountants Education Foundation 500 Capitol Mall Suite 2350 Sacramento CA 95814 946130841 Provides continuing professional education to CPA Community CA 501(c)(3) Line 10 California Society of CPAs 1 CalCPA Institute 500 Capitol Mall Suite 2350 Sacramento CA 95814 200978565 Provides scholarships to accounting students and promote financial literacy CA 501(c)(3) Line 12A California Society of CPAs 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 CalCPA Institute b 324409 Cost of Transactions CalCPA Institute d 606282 Year End Balance California Certified Public Accountants Education Foundation s 254211 Cost of transactions California Certified Public Accountants Education Foundation r 1332922 Cost of transactions California Certified Public Accountants Education Foundation o 2641674 Cost of transactions California Certified Public Accountants Education Foundation e 3282352 Year End Balance