2024-11-01T11:20:39-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-01-01 371428113 CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC CHAR 4132537373 11 AMITY STREET AMHERST MA 01002 WILLIAM J KELLY CEO 4132537373 2024-10-30 1 0 MARY KAY CURTISS P01551484 8605614000 2024-10-30 2023 2024-10-15 13:58:12Z WILLIAM J KELLY 11 AMITY STREET AMHERST MA 01002 11328305 0 X HTTPS://CAIA.ORG/ X 2002 MA THE CAIA ASSOCIATION IS A GLOBAL CREDENTIALING BODY FOR ALTERNATIVE INVESTMENTS, REPRESENTING PROFESSIONALS IN OVER 95 COUNTRIES. IT UPHOLDS HIGH ETHICAL STANDARDS, OFFERS THE CHARTERED ALTERNATIVE INVESTMENT ANALYST DESIGNATION, AND PROMOTES ONGOING EDUCATION AND PROFESSIONAL DEVELOPMENT IN THE INDUSTRY. 12 11 48 400 0 0 150000 75000 9085084 10772788 16132 158368 270301 322149 9521517 11328305 0 0 0 0 5562751 5838934 0 0 0 5688655 6951717 11251406 12790651 -1729889 -1462346 9436100 8528938 8023410 8509494 1412690 19444 X THE CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC. (CAIA) IS A GLOBAL PROFESSIONAL CREDENTIALING BODY DEDICATED TO CREATING GREATER ALIGNMENT, TRANSPARENCY, AND KNOWLEDGE FOR ALL INVESTORS, WITH A SPECIFIC EMPHASIS ON ALTERNATIVE INVESTMENTS. A MEMBER-DRIVEN ORGANIZATION REPRESENTING PROFESSIONALS IN MORE THAN 95 COUNTRIES, CAIA ASSOCIATION ADVOCATES FOR THE HIGHEST ETHICAL STANDARDS. ESTABLISH THE CHARTERED ALTERNATIVE INVESTMENT ANALYST DESIGNATION AS AN EDUCATIONAL STANDARD IN THE INVESTMENT INDUSTRY, PROVIDE MEMBERS WITH COMPREHENSIVE KNOWLEDGE OF ALTERNATIVE INVESTMENTS, ADVOCATE HIGH STANDARDS OF PROFESSIONAL CONDUCT, PROMOTE PROFESSIONAL DEVELOPMENT THROUGH ONGOING EDUCATION, FACILITATE COMMUNICATION AMONG INDUSTRY PROFESSIONALS. 0 0 ADMINISTRATION OF CAIA EXAM, AWARDING THE CAIA DESIGNATION, ADVOCATING FOR HIGH PROFESSIONAL STANDARDS, AND CONTRIBUTING TO THE BODY OF KNOWLEDGE RELATED TO ALTERNATIVE INVESTING. E-CURRICULUM GIVES ACCESS AND CONTROL OF CONTENT TO HELP STUDENTS BETTER PREPARE TO STUDY FOR THE EXAM. THE INCREASE IN UNIFI SPONSORSHIPS HELPS SUPPORT FUTURE MICROCREDENTIALS. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 X 0 0 1 48 1 0 1 UK SN HK SZ IN 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X RUTH CAROLAN 4132537373 11 AMITY ST AMHERST MA 01002 WILLIAM KELLY CEO 40.00 0.00 X X 523299 0 30756 RUTH CAROLAN CLERK/CHIEF OPERATING OFFICER 40.00 0.00 X 205169 0 29219 BRADLEY AMBANI DIRECTOR OF FINANCE/TREASURER 40.00 0.00 X 154751 0 10140 JOHN BOWMAN EXECUTIVE VICE PRESIDENT 40.00 0.00 X 383797 0 22284 HOSSEIN KAZEMI SENIOR ADVISOR, PROGRAMMING 30.00 0.00 X 214070 0 28100 KRISTAPS LICIS SENIOR ASSOCIATE DIRECTOR 40.00 0.00 X 221627 0 11830 AARON FILBECK MANAGING DIRECTOR/HEAD OF UNIFI 40.00 0.00 X 187136 0 115 DEBORAH MCLEAN GLOBAL HEAD OF DEI 40.00 0.00 X 171428 0 8568 VALERIE SILL CHAIR OF THE BOARD 1.00 0.00 X 0 0 0 GREGORY BROWN DIRECTOR 1.00 0.00 X 0 0 0 JAYNE BOK DIRECTOR 1.00 0.00 X 0 0 0 ELENA MANOLA-BONTHOND DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH BURTON DIRECTOR 1.00 0.00 X 0 0 0 ANTHONY COWELL DIRECTOR 1.00 0.00 X 0 0 0 GRAEME GRIFFITHS DIRECTOR 1.00 0.00 X 0 0 0 JOHN EDWARD INGLIS DIRECTOR 1.00 0.00 X 0 0 0 MELISSA MA DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM MA DIRECTOR 1.00 0.00 X 0 0 0 THOMAS ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 2061277 0 141012 14 0 1 0 ADP TOTALSOURCE 10200 SUNSET DRIVE MIAMI FL 33173 PAYROLL AND HR 483308 NCS PEARSON 5601 GREEN VALLEY DR BLOOMINGTON MN 55437 EXAM ADMINISTRATION 462924 ROONEY PARTNERS 477 MADISON AVENUE 6TH FLOOR NEW YORK NY 10022 MARKETING SUPPORT 176138 ORRICK HERRINGTON & SUTCLIFFE LLP PO BOX 39000 SAN FRANCISCO CA 94139 LEGAL SERVICES 172998 WITH INTELLIGENCE 41 MADISON AVENUE 20TH FLOOR NEW YORK NY 10010 PUBLISHING 142489 5 75000 75000 EXAM REGISTRATION FEES 900099 4529525 4529525 MEMBERSHIP DUES 900099 3708822 3708822 ENROLLMENT FEES 900099 1168800 1168800 FUNDAMENTALS 900099 1163318 1163318 ALTS 900099 202323 202323 10772788 158368 158368 88611 88611 EVENT INCOME 900099 156765 156765 OTHER INCOME 900099 28915 28915 LICENSING INCOME 900099 23000 23000 24858 24858 233538 11328305 11006326 0 246979 953334 3820050 166750 414115 484685 2131383 258954 139963 16673 900404 81600 186993 504909 153741 355168 308155 1757 107661 EXAM ADMINISTRATION 889103 CHAPTER SERVICES 365934 CURRICULUM 222984 MEMBER SERVICES 162293 164042 12790651 1414398 1785045 5442442 4415764 688926 688926 164958 150326 165616 120877 1685367 1681572 5575 3795 1554185 1364205 9436100 8528938 1073506 1335469 4883641 5423060 2066263 1750965 8023410 8509494 X 1262690 -160556 150000 180000 1412690 19444 9436100 8528938 X -1462346 69100 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 298305 294510 3795 1387062 1387062 0 3795 LONG-TERM LEASE 346792 DUE FROM AFFILIATED ORGANIZATION 1017413 1364205 DUE TO AFFILIATED ORGANIZATION 1400324 LONG TERM LEASE LIABILITY 350641 1750965 X PART X, LINE 2: THE ASSOCIATION FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINLY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ASSOCIATION RECOGNIZES A TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITY. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF DECEMBER 31, 2023 AND 2022. THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE 2021 FILING DATE. THE ASSOCIATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. EUROPE (INCLUDING ICELAND & GREENLAND) 2 5 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT AND EXAM DELIVERY EXPENSES 1137978 EAST ASIA AND THE PACIFIC 3 5 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT AND EXAM DELIVERY EXPENSES 956972 NORTH AMERICA 0 0 PROGRAM SERVICES CANADIAN TAX EXPENSES 5873 5 10 0 0 5 10 2100823 0 2100823 1 0 1 0 0 1 X 1 1 X X X X X 0 0 0 WILLIAM KELLY CEO 403299 0 120000 0 0 0 27976 0 2780 0 554055 0 0 0 RUTH CAROLAN CLERK/CHIEF OPERATING OFFICER 160169 0 45000 0 0 0 28600 0 619 0 234388 0 0 0 BRADLEY AMBANI DIRECTOR OF FINANCE/TREASURER 134751 0 20000 0 0 0 10037 0 103 0 164891 0 0 0 JOHN BOWMAN EXECUTIVE VICE PRESIDENT 258797 0 125000 0 0 0 21890 0 394 0 406081 0 0 0 HOSSEIN KAZEMI SENIOR ADVISOR, PROGRAMMING 189070 0 25000 0 0 0 27000 0 1100 0 242170 0 0 0 KRISTAPS LICIS SENIOR ASSOCIATE DIRECTOR 199627 0 22000 0 0 0 11397 0 433 0 233457 0 0 0 AARON FILBECK MANAGING DIRECTOR/HEAD OF UNIFI 167136 0 20000 0 0 0 0 0 115 0 187251 0 0 0 DEBORAH MCLEAN GLOBAL HEAD OF DEI 147352 0 24076 0 0 0 8000 0 568 0 179996 0 0 0 PART I, LINE 1A CAIA'S POLICY IS TO PAY FOR FIRST CLASS TRAVEL ON ALL FLIGHTS LONGER THAN 5 HOURS PART I, LINE 1B THE COMPANY PAYS FIRST-CLASS FOR ANY EMPLOYEE THAT HAS A FLIGHT LONGER THAN FIVE HOURS PART I, LINE 3 THE BONUS IS DETERMINED UNDER THE DISCRETION OF THE BOARD AND MANAGEMENT BASED ON MEETING PERFORMANCE GOALS. FORM 990, PART VI, SECTION A, LINE 1A ALL OF THE NON-EMPLOYEE DIRECTORS OF THE CORPORATION SHALL CONSTITUTE AN EXECUTIVE COMMITTEE, WHICH SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS OF THE DIRECTORS IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE CHAIR SHALL PRESIDE AT ALL MEETINGS OF SUCH COMMITTEE (OR, IN THE ABSENCE OF THE CHAIR, ANY OTHER NON-EMPLOYEE DIRECTOR SELECTED BY A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE). THE EXECUTIVE COMMITTEE MAY MAKE RULES NOT INCONSISTENT HEREWITH FOR THE HOLDING AND CONDUCT OF ITS MEETING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PRESENTED TO THE BOARD FOR THEIR REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD RISE IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD OF DIRECTORS DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE ANY BOARD OF DIRECTORS OR COMMITTEE MEETINGS WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON, OR OTHERWISE NOT PARTICIPATE IN ANY DISCUSSION OR CONSENT RELATING THERETO. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 A. THE BOARD OF DIRECTORS UTILIZES THE FORM 990 OF OTHER ORGANIZATIONS TO ESTABLISH THE COMPENSATION RANGE FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND TOP MANAGEMENT OFFICIALS. B. KEY EMPLOYEES SALARIES ARE SET BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER IN CONJUNCTION WITH COMPENSATION STUDY DATA OBTAINED BY THE MANAGING DIRECTOR INTERNAL OPERATIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORM 990, AND THE FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 IS AVAILABLE VIA THE GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY ADJUSTMENT 69,100. CAIA FOUNDATION INC 11 AMITY STREET AMHERST MA 01002 800615123 CHARITABLE FOUNDATION SUPPORTING ALT INVESTMENT EDUCATION AND RESEARCH MA 501(C)(3) LINE 7 CHARTERED ALTERNATIVE INVESTMENT 1 CAIA UK OFFICE LIMITED 30-34 NEW BRIDGE STREET LONDON UK INDUSTRY RELATIONS UK CHARTERED ALTERNATIVE INVESTMENT C 1242473 602503 1.00000 1 CAIA ASSOCIATION SINGAPORE OFFICE LIMITED ONE RAFFLES PLACE SINGAPORE SN INDUSTRY RELATIONS SN CHARTERED ALTERNATIVE INVESTMENT C 60029 71931 1.00000 1 CAIA ASSOCIATION HONG KONG LIMITED 13/F WYNDHAM PLACE 40-44 WYNDHAM ST CEN, HONG KONG CH INDUSTRY RELATIONS HK CHARTERED ALTERNATIVE INVESTMENT C 828881 388014 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 CAIA UK OFFICE LIMITED P 1242473 FAIR MARKET VALUE CAIA ASSOCIATION HONG KONG OFFICE LIMITED P 828881 FAIR MARKET VALUE CAIA ASSOCIATION SINGAPORE OFFICE LIMITED P 60029 FAIR MARKET VALUE