CAIA FOUNDATION INC: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CAIA FOUNDATION INC (EIN 80-0615123)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-14
IRS object ID
202333189349207053
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-14T15:58:44-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLENBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line129 SOUTH MAIN STREET 4TH FLOORAddressLine1Txt
CityWEST HARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06107ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800615123EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAIA FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCAIABusinessNameControlTxt
Phone4132537373PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 AMITY STREETAddressLine1Txt
CityAMHERSTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01002ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDEBORAH MCLEANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4132537373PhoneNum
Signature2023-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDEBORAHPersonFirstNm
Person LastMCLEANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELANIE BALLESTASPreparerPersonNm
PTINP01320477PTIN
Phone8605614000PhoneNum
Preparation2023-11-13PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressFOUNDATION.CAIA.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$134GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Other Revenue Total$134OtherRevenueTotalAmt
Total Revenue$134TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$7,357FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$2,857OccupancyRentUtltsAndMaintAmt
Total Expenses$10,214TotalExpensesAmt
Excess Or Deficit For Year-$10,080ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$144,375NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$134,295NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$318,739BOYAmt
EOY$319,006EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$318,739BOYAmt
EOY$319,006EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$174,364BOYAmt
EOY$184,711EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$144,375BOYAmt
EOY$134,295EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeFOSTER ALTERNATIVE INVESTMENT EDUCATION, DEVELOP CURRICULUM FOR ALTERNATIVE INVESTMENT EDUCATION, AND FOSTER SCHOLARSHIP TO INCREASE KNOWLEDGE IN THE INDUSTRY AND TO SUPPORT CAIA'S MISSION.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomFOSTER A SCHOLARSHIP PROGRAM TO INCREASE THE KNOWLEDGE BASE AND THE FLOW OF WELL PREPARED TALENT TO LEAD THE ALTERNATIVE INVESTMENT INDUSTRY.DescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$0ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$0TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BRIGETTE LUMPKINS
DIRECTOR1.00$0$0$0
RUTH CAROLAN
DIRECTOR1.00$0$0$0
KEITH BLACK
TREASURER UNTIL 06/20221.00$0$0$0
DEBORAH MCLEAN
PRESIDENT1.00$0$0$0
HOSSEIN KAZEMI
TREASURER1.00$0$0$0
CAMILLE DVORSKY
SECRETARY1.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DEBORAH MCLEANBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 AMITY STAddressLine1Txt
CityAMHERSTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01002ZIPCd
FieldValueIRS element (for citing)
Phone4132537373PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,346CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,570CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,500CurrentTaxYearMinus1YearAmt
Total$11,416TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,346CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,570CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$8,500CurrentTaxYearMinus1YearAmt
Total$11,416TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$11,416PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,001CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$248CurrentTaxYearMinus1YearAmt
Current Tax Year$134CurrentTaxYearAmt
Total$1,383TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$26,750CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$350CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$200CurrentTaxYearMinus1YearAmt
Total$31,800TotalAmt
FieldValueIRS element (for citing)
Total Support$44,599TotalSupportAmt
Public Support CY1700.25600PublicSupportCY170Pct
Public Support PY1700.27860PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestWE RECOGNIZE THAT WE DID NOT OBTAIN THE 33 1/3% OF SUPPORT FOR THE PUBLIC SUPPORT TEST THIS YEAR. THIS OCCURRED DUE TO THE OPERATIONAL IMPACT OF THE GLOBAL PANDEMIC, WHICH CAUSED DELAYS AND DIFFICULTY ADMINISTRATING SCHOLARSHIPS AND SCHEDULING AND DELIVERING EXAMS. THE CAIA FOUNDATION USED THIS TIME, HOWEVER, TO DEVELOP A NEW STRATEGIC PLAN THAT IS NOW IN PLACE AND WILL HELP DEEPEN IMPACT AND BUILD UPON THE FOUNDATION'S PREVIOUS WORKS. WE ANTICIPATE THAT THESE ISSUES WILL BE MITIGATED IN 2024 AND FUTURE YEARS. OUR NEW STRATEGIC PLAN ENABLES THE FOUNDATION TO TAKE A MORE ACTIVE ROLE IN BUILDING A MORE DIVERSE, EQUITABLE, AND INCLUSIVE INDUSTRY FOR THE FUTURE THROUGH EDUCATION, INCLUDING BROADENING THE DEFINITION OF DIVERSITY TO INCLUDE MANY OTHER SEVERELY UNDER-REPRESENTED GROUPS IN THE INVESTMENT INDUSTRY, WITH A PLAN TO SECURE $150,000 IN SPONSORSHIPS NEXT YEAR. AS PART OF THIS INCREASE IN FUNDING, THERE WILL BE AN ISSUANCE OF A MINIMUM OF $50,000 IN SCHOLARSHIPS ANNUALLY BY 2026.WE ARE WORKING TO ENGAGE MINORITY OWNED BUSINESSES TO SECURE SPONSORSHIPS IN EXCHANGE FOR ENHANCED NETWORKING OPPORTUNITIES WITH ALTERNATIVE INVESTMENT INDUSTRY LEADERS. THE FOUNDATION IS ALSO GOING TO HIRE AN ADDITIONAL EMPLOYEE IN CAIA ORGANIZATION TO FOCUS ON DEVELOPMENT, INCLUDING SECURING SPONSORSHIPS. THROUGH PARTNERSHIP WITH INDUSTRY PARTNERS WHO SHARE OUR PASSION, SENSE OF URGENCY, AND LONG-TERM COMMITMENT TO PROGRESS, WE WILL EXPAND SCHOLARSHIP OPPORTUNITIES TO GROUPS UNDER-REPRESENTED IN THE INDUSTRY BY RACE, ETHNICITY, SEXUALITY IDENTITY AND ORIENTATION, VETERAN STATUS, DISABILITIES, SOCIOECONOMIC BACKGROUND, AMONG OTHER AREAS.FactsAndCircumstancesTestTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: INTEREST. AMOUNT: 134.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: DUE TO AFFILIATED ORGANIZATION. BEG. OF YEAR AMOUNT: 174,364. END OF YEAR AMOUNT: 184,711.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc

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