2022-10-11T07:48:42-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-01-01 371428113 CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC CHAR 4132537373 11 AMITY STREET AMHERST MA 01002 WILLIAM J KELLY PRESIDENT & CEO 4132537373 2022-10-05 1 WILLIAM KELLY 999009999 MARY KAY CURTISS P01551484 8605614000 2022-10-05 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z WILLIAM J KELLY 11 AMITY STREET AMHERST MA 01002 9878929 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. 13 10 48 400 0 0 0 688926 10585047 9108477 65331 3907 31146 77619 10681524 9878929 0 0 0 0 5136295 5184622 0 0 0 5000461 5242173 10136756 10426795 544768 -547866 9925273 10766695 6211434 7616574 3713839 3150121 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 9853707 ADMINISTRATION OF CAIA EXAM, AWARDING THE CAIA DESIGNATION, ADVOCATING FOR HIGH PROFESSIONAL STANDARDS, AND CONTRIBUTING TO THE BODY OF KNOWLEDGE RELATED TO ALTERNATIVE INVESTING. 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 1 0 1 X 0 0 1 48 1 0 1 UK SN HK SZ IN 0 0 0 0 0 0 X 13 10 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X RUTH CAROLAN 4132537373 11 AMITY STREET AMHERST MA 01002 WILLIAM KELLY CEO/PRESIDENT/TREASURER 40.00 X X 528330 0 26000 ELIZABETH BURTON DIRECTOR 1.00 X 0 0 0 ANTHONY COWELL DIRECTOR 1.00 X 0 0 0 ROBERT DERITO DIRECTOR 1.00 X 0 0 0 DAVID GEORGE DIRECTOR 1.00 X 0 0 0 GRAEME GRIFFITHS DIRECTOR 1.00 X 0 0 0 JACK INGLIS DIRECTOR 1.00 X 0 0 0 MELISSA MA DIRECTOR 1.00 X 0 0 0 WILLIAM MA DIRECTOR 1.00 X 0 0 0 TOM ROBINSON DIRECTOR 1.00 X 0 0 0 VALERIE SILL CHAIR OF THE BOARD 1.00 X 0 0 0 ALEXANDER INEICHEN EMERITUS MEMBER 1.00 X 0 0 0 THOMAS SCHNEEWEIS EMERITUS MEMBER 1.00 X 0 0 0 RUTH CAROLAN CLERK/CHIEF OPERATING OFFICER 40.00 X 183834 0 25062 JOHN BOWMAN SENIOR MANAGING DIRECTOR 40.00 X 343488 0 17500 KEITH BLACK MANAGING DIRECTOR OF CURRICULUM & EXAMS 40.00 X 243934 0 24715 MILLISSA ALLEN MANAGING DIRECTOR, AMRS 40.00 X 223322 0 22800 HOSSEIN KAZEMI SENIOR ADVISOR, PROGRAMMING 30.00 X 211218 0 26000 KRISTAPS LICIS SENIOR ASSOCIATE DIRECTOR OR EXAMS 40.00 X 203028 0 15077 1937154 0 157154 7 0 1 0 ADP TOTAL SOURCE 10200 SUNSET DRIVE MIAMI FL 33173 PAYROLL SERVICES 342349 NCS PEARSON INC 5601 GREEN VALLEY DRIVE BLOOMINGTON MN 55437 EXAM ADMINISTRATION 319940 WITH INTELLIGENCE ONE LONDON WALL 8TH FL LONDON UK EC2Y 5EA PUBLISHING 319581 COMMON MEDIA 278 MAIN STREET 205 GREENSFIELD MA 01301 IT SUPPORT 105100 ROONEY PARTNERS LLC 477 MADISON AVE 6TH FL NEW YORK NY 10022 MARKETING SUPPORT 101313 5 688926 688926 EXAM REGISTRATION FEES 4335968 4335968 MEMBERSHIP DUES 3394577 3394577 FUNDAMENTALS 841132 841132 ENROLLMENT FEES 536800 536800 9108477 3907 3907 21315 21315 REFERRAL INCOME 27251 27251 LICENSING INCOME 14000 14000 EVENT INCOME 7300 7300 7753 7753 56304 9878929 9164781 0 25222 2094308 2469647 121336 171404 327927 1581878 80983 153609 16266 833882 108297 238752 410881 255983 85285 74905 30152 49824 EXAM ADMINISTRATION 809871 MEMBER SERVICES 313068 RECRUITING 111467 WEBSITE 40861 46209 10426795 7021380 8177689 2313269 119864 759401 89688 163552 2420940 2402018 54143 18922 326929 1647131 9925273 10766695 1103690 1231376 4348756 4453198 758988 1932000 6211434 7616574 X 3713839 3150121 3713839 3150121 9925273 10766695 X -547866 -15852 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 733623 733623 0 299643 284779 14864 1387674 1383616 4058 18922 LONG-TERM LEASE 517239 DUE FROM AFFILIATED ORGANIZATION 1129892 1647131 DUE TO AFFILIATED ORGANIZATION 1414571 LONG TERM LEASE LIABILITY 517429 1932000 X 9878929 0 9878929 0 9878929 10426795 0 10426795 0 10426795 PART X, LINE 2: THE ASSOCIATION FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY 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, 2021 AND 2020. 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 FILING DATE. THE ASSOCIATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. EAST ASIA AND THE PACIFIC 3 7 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT 933040 EUROPE (INCLUDING ICELAND & GREENLAND) 2 5 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT 669384 NORTH AMERICA 0 0 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT 23602 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES MEMBER SUPPORT 213 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES EXAM DELIEVERY EXPENSES 120744 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES MEMBER SUPPORT 2390 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EXAM DELIEVERY EXPENSES 74445 NORTH AMERICA 0 0 PROGRAM SERVICES EXAM DELIEVERY EXPENSES 227123 5 12 0 0 5 12 2050941 0 2050941 1 0 1 0 0 1 PART III ACCOUNTING METHOD: X 0 0 X 0 0 0 WILLIAM KELLY CEO/PRESIDENT/TREASURER 405550 0 120000 0 2780 0 26000 0 0 0 554330 0 0 0 JOHN BOWMAN SENIOR MANAGING DIRECTOR 228128 0 115000 0 360 0 17500 0 0 0 360988 0 0 0 KEITH BLACK MANAGING DIRECTOR OF CURRICULUM & EX 213071 0 30000 0 863 0 20015 0 4700 0 268649 0 0 0 MILLISSA ALLEN MANAGING DIRECTOR, AMRS 197655 0 25000 0 667 0 22800 0 0 0 246122 0 0 0 HOSSEIN KAZEMI SENIOR ADVISOR, PROGRAMMING 183170 0 27000 0 1048 0 26000 0 0 0 237218 0 0 0 KRISTAPS LICIS SENIOR ASSOCIATE DIRECTOR OR EXAMS 179641 0 23000 0 387 0 10477 0 4600 0 218105 0 0 0 RUTH CAROLAN CLERK/CHIEF OPERATING OFFICER 143266 0 40000 0 568 0 25062 0 0 0 208896 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 TO CONFLICTS. 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. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: ASSOCIATION, INC 37-1428113 CHARTERED ALTERNATIVE INVESTMENT ANALYST A) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT ANY BOARD OF DIRECTORS OR COMMITTEE MEETING, OR OTHERWISE PROVIDE RELEVANT INFORMATION. HE OR SHE SHALL NOT PARTICIPATE IN ANY DISCUSSION, VOTE, OR ANY CONSENT RELATING TO THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B) THE CHAIRPERSON OF THE BOARD OF DIRECTORS OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE BOARD OF DIRECTORS OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. 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 -15,852. 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 730583 747446 1.00000 1 CAIA ASSOCIATION SINGAPORE OFFICE LIMITED ONE RAFFLES PLACE SINGAPORE SN INDUSTRY RELATIONS SN CHARTERED ALTERNATIVE INVESTMENT C 179975 63109 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 672354 362975 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 730584 FAIR MARKET VALUE CAIA ASSOCIATION HONG KONG OFFICE LIMITED P 672354 FAIR MARKET VALUE CAIA ASSOCIATION SINGAPORE OFFICE LIMITED P 179975 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.