2023-11-15T09:23:02-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2022-01-01 371428113 CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC CHAR 4132537373 11 AMITY STREET AMHERST MA 01002 WILLIAM J KELLY PRESIDENT & CEO 4132537373 2023-11-13 1 WILLIAM KELLY 999009999 0 MELANIE BALLESTAS P01320477 8605614000 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM J KELLY 11 AMITY STREET AMHERST MA 01002 9521517 0 X HTTPS://CAIA.ORG/ X 2002 MA 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. 11 10 54 400 0 0 688926 150000 9108477 9085084 3907 16132 77619 270301 9878929 9521517 0 0 0 0 5184622 5562751 0 0 0 5242173 5688655 10426795 11251406 -547866 -1729889 10766695 9436100 7616574 8023410 3150121 1412690 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 9246247 ADMINISTRATION OF CAIA EXAM, AWARDING THE CAIA DESIGNATION, ADVOCATING FOR HIGH PROFESSIONAL STANDARDS, AND CONTRIBUTING TO THE BODY OF KNOWLEDGE RELATED TO ALTERNATIVE INVESTING. NEW L1 INCREASED IN MAR 2023 WE HIT A 2-YEAR HIGH IN CANDIDATE COUNT AT 2,832. BUNDLED CURRICULUM GIVES ACCESS AND CONTROL OF CONTENT TO HELP STUDENTS BETTER PREPARE TO STUDY FOR THE EXAM. 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 54 1 0 1 UK SN HK SZ IN 0 0 0 0 0 0 0 0 X 11 10 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 STREET AMHERST MA 01002 WILLIAM KELLY CEO/PRESIDENT/TREASURER 40.00 0.00 X X 523295 0 29780 RUTH CAROLAN CLERK/CHIEF OPERATING OFFICER 40.00 0.00 X 197942 0 27607 JOHN BOWMAN SENIOR MANAGING DIRECTOR 40.00 0.00 X 367605 0 20880 HOSSEIN KAZEMI SENIOR ADVISOR, PROGRAMMING 30.00 0.00 X 216066 0 28100 KRISTAPS LICIS SENIOR ASSOCIATE DIRECTOR 40.00 0.00 X 218570 0 11663 VALERIE SILL CHAIR OF THE BOARD 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 ROBERT DERITO DIRECTOR 1.00 0.00 X 0 0 0 DAVID GEORGE 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 TOM ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 1523478 0 118030 15 0 1 0 ADP TOTAL SOURCE 10200 SUNSET DRIVE MIAMI FL 33173 PAYROLL AND HR 410667 WITH INTELLIGENCE ONE LONDON WALL 8TH FL LONDON UK EC2Y 5EA PUBLISHING 396800 NCS PEARSON INC 5601 GREEN VALLEY DRIVE BLOOMINGTON MN 55437 EXAM ADMINISTRATION 352584 ROONEY PARTNERS LLC 477 MADISON AVE 6TH FL NEW YORK NY 10022 MARKETING SUPPORT 203823 ORRICK HERRINGTON & SUTCLIFFE LLP PO BOX 39000 SAN FRANCISCO CA 94139 LEGAL SERVICES 153457 5 150000 150000 EXAM REGISTRATION FEES 900099 3660993 3660993 MEMBERSHIP DUES 900099 3634163 3634163 FUNDAMENTALS 900099 941928 941928 ENROLLMENT FEES 900099 848000 848000 9085084 16132 16132 109138 109138 EVENT INCOME 900099 110310 110310 REFERRAL INCOME 900099 29673 29673 LICENSING INCOME 900099 15000 15000 6180 6180 161163 9521517 9246247 0 125270 1641508 3148460 1870 360144 410769 1701133 244618 118959 16090 710508 70411 262143 408700 151618 289363 142260 12815 66997 EXAM ADMINISTRATION 752826 MEMBER SERVICES 411060 CHAPTER SERVICES 211040 RECRUITING 68191 49923 11251406 8177689 6856840 688926 759401 164958 163552 165616 1686179 1680604 18922 5575 1647131 1554185 10766695 9436100 1231376 1073506 4453198 4883641 1932000 2066263 7616574 8023410 X 3150121 1262690 150000 3150121 1412690 10766695 9436100 X -1729889 -7542 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 299117 293520 5597 1387062 1387084 -22 5575 LONG-TERM LEASE 416007 DUE FROM AFFILIATED ORGANIZATION 1138178 1554185 DUE TO AFFILIATED ORGANIZATION 1647836 LONG TERM LEASE LIABILITY 418427 2066263 X 9521517 0 9521517 0 9521517 11251406 0 11251406 0 11251406 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, 2022 AND 2021. 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 2020 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 4 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT AND EXAM DELIVERY EXPENSES 873790 EAST ASIA AND THE PACIFIC 3 6 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT AND EXAM DELIVERY EXPENSES 854461 NORTH AMERICA 0 0 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT AND EXAM DELIVERY EXPENSES 7188 5 10 0 0 5 10 1735439 0 1735439 1 0 1 0 0 1 PART III ACCOUNTING METHOD: 1 X 0 0 0 WILLIAM KELLY CEO/PRESIDENT/TREASURER 403295 0 120000 0 0 0 27000 0 2780 0 553075 0 0 0 RUTH CAROLAN CLERK/CHIEF OPERATING OFFICER 157942 0 40000 0 0 0 27000 0 607 0 225549 0 0 0 JOHN BOWMAN SENIOR MANAGING DIRECTOR 252605 0 115000 0 0 0 20499 0 381 0 388485 0 0 0 HOSSEIN KAZEMI SENIOR ADVISOR, PROGRAMMING 189066 0 27000 0 0 0 27000 0 1100 0 244166 0 0 0 KRISTAPS LICIS SENIOR ASSOCIATE DIRECTOR 195570 0 23000 0 0 0 11242 0 421 0 230233 0 0 0 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 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. 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 -7,542. 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 926761 676818 1.00000 1 CAIA ASSOCIATION SINGAPORE OFFICE LIMITED ONE RAFFLES PLACE SINGAPORE SN INDUSTRY RELATIONS SN CHARTERED ALTERNATIVE INVESTMENT C 52996 64648 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 721376 397208 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 926761 FAIR MARKET VALUE CAIA ASSOCIATION HONG KONG OFFICE LIMITED P 721376 FAIR MARKET VALUE CAIA ASSOCIATION SINGAPORE OFFICE LIMITED P 52996 FAIR MARKET VALUE PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: CAIA UK OFFICE LIMITED DIRECT CONTROLLING ENTITY: CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC. NAME OF RELATED ORGANIZATION: CAIA ASSOCIATION SINGAPORE OFFICE LIMITED DIRECT CONTROLLING ENTITY: CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC. NAME OF RELATED ORGANIZATION: CAIA ASSOCIATION HONG KONG LIMITED DIRECT CONTROLLING ENTITY: CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC.