CFA SOCIETY OF LOS ANGELES INCORPORATED: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: CFA SOCIETY OF LOS ANGELES INCORPORATED (EIN 95-6069970)
Tax period: 2019-09-01 to 2020-08-31
Filed: 2021-07-15
IRS object ID: 202111969349301911
Schema version: 2019v5.2
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
Form 990
Schedule C
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-07-15T14:23:06-05:00	ReturnTs
Tax Period End	2020-08-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	750786316	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WEAVER AND TIDWELL LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2300 N FIELD ST STE 1000	AddressLine1Txt
City	DALLAS	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	75201	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-09-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	956069970	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CFA SOCIETY OF LOS ANGELES INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CFAS	BusinessNameControlTxt
Phone	2136131503	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	13400 RIVERSIDE DRIVE NO 215	AddressLine1Txt
City	SHERMAN OAKS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91423	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ALFREDO GOMEZ	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	2136131503	PhoneNum
Signature	2021-07-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	IRA L NEVELOW	PreparerPersonNm
PTIN	P00083210	PTIN
Phone	9724901970	PhoneNum

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	LAURA CARNEY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	13400 RIVERSIDE DRIVE NO 215	AddressLine1Txt
City	SHERMAN OAKS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91423	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$984,981	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.CFALA.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1931	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	CFA SOCIETY LOS ANGELES PROMOTES INTEGRITY, PROFESSIONAL EXCELLENCE AND ENGAGEMENT AMONG ITS MEMBERS AND WITHIN THE COMMUNITY.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	3	TotalEmployeeCnt
Total Volunteers	200	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$1,330,765	PYProgramServiceRevenueAmt
CY Program Service Revenue	$942,463	CYProgramServiceRevenueAmt
PY Investment Income	$39,835	PYInvestmentIncomeAmt
CY Investment Income	$30,931	CYInvestmentIncomeAmt
PY Other Revenue	$19,892	PYOtherRevenueAmt
CY Other Revenue	$9,825	CYOtherRevenueAmt
PY Total Revenue	$1,390,492	PYTotalRevenueAmt
CY Total Revenue	$983,219	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$307,873	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$354,325	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$985,032	PYOtherExpensesAmt
CY Other Expenses	$600,129	CYOtherExpensesAmt
PY Total Expenses	$1,292,905	PYTotalExpensesAmt
CY Total Expenses	$954,454	CYTotalExpensesAmt
PY Revenues Less Expenses	$97,587	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$28,765	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,997,762	TotalAssetsBOYAmt
Total Assets EOY	$2,128,381	TotalAssetsEOYAmt
Total Liabilities BOY	$417,412	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$415,210	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,580,350	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,713,171	NetAssetsOrFundBalancesEOYAmt
Mission	CFA SOCIETY LOS ANGELES PROMOTES INTEGRITY, PROFESSIONAL EXCELLENCE AND ENGAGEMENT AMONG ITS MEMBERS AND WITHIN THE COMMUNITY.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	TOPICALS - HOSTED AND UNHOSTED TOPICAL DISCUSSIONS ARE HELD FREQUENTLY TO FOSTER ETHICAL STANDARDS AND TO EDUCATE AND DEVELOP THE PROFESSIONAL SKILLS OF SOCIETY MEMBERS	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Desc	CFA REVIEW PROGRAM - SEMINARS ARE HELD ANNUALLY FOR THE PRIMARY PURPOSE OF PREPARING PROSPECTIVE CHARTERED FINANCIAL ANALYSTS FOR THE CFA EXAMINATION GIVEN BY THE CFA INSTITUTE	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	Yes (1)	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	49	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	3	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	LAURA CARNEY	PersonNm
Phone	2136131503	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	13400 RIVERSIDE DRIVE SUITE 215	AddressLine1Txt
City	SHERMAN OAKS	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91423	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
CHEN SONG PHD CFA
BOARD MEMBER	1.00	Yes (X)	$1,260	$0	$0
ERIC SOUDERS CFA
BOARD MEMBER	1.00	Yes (X)	$4,106	$0	$0
ALFREDO GOMEZ CFA CAIA
SECRETARY	1.00	Yes (X)	$0	$0	$0	Yes (X)
ANDY CHONG CFA
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
MICHAEL TULLY CFA
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
PETER STUTZ CFA
BOARD MEMBER	1.00	Yes (X)	$1,680	$0	$0
MIKE TREIDL CFA
BOARD MEMBER	1.00	Yes (X)	$0	$0	$0
THOMAS N MAHONEY CFA CAIA
PRESIDENT	1.50	Yes (X)	$0	$0	$0	Yes (X)
AKIKO HAYATA CFA
PAST PRESIDENT	1.50	Yes (X)	$0	$0	$0	Yes (X)
ALICIA ROMO CFA
VICE PRESIDENT	1.50	Yes (X)	$0	$0	$0	Yes (X)
JAMES LEWIS CFA
TREASURER	1.50	Yes (X)	$0	$0	$0	Yes (X)
LAURA CARNEY
EXECUTIVE DIRECTOR	50.00		$147,654	$0	$7,265	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$154,700	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$7,265	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UNITED TALENT AGENCY	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	437 FIFTH AVENUE	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10016	ZIPCd

Field	Value	IRS element (for citing)
Services	SPEAKER FEES	ServicesDesc
Compensation	$151,000	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES	900099	$391,242	$391,242
CFA REVIEW PROGRAM INC	611430	$197,649	$197,649
CFALA INSTITUTE REIMBU	611430	$175,225	$175,225
ANNUAL EVENTS	611430	$84,088	$84,088
CFALA PROGRAMMING	561000	$49,150	$49,150

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$45,109	TotalRevenueColumnAmt
Related Or Exempt Func Income	$45,109	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$942,463	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$32,693	TotalRevenueColumnAmt
Exclusion	$32,693	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$9,825	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$9,825	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,825	TotalRevenueColumnAmt
Exclusion	$9,825	ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$1,762	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	-$1,762	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$1,762	TotalRevenueColumnAmt
Exclusion	-$1,762	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$983,219	TotalRevenueColumnAmt
Related Or Exempt Func Income	$942,463	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$40,756	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$159,846	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$194,479	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$432	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$37,315	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$13,342	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$49,394	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$90,384	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$4,586	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$14,369	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
ANNUAL EVENTS	$103,562
PROGRAMMING	$84,492
EDUCATION	$65,901
COMMITTEES	$39,053

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$97,299	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$954,454	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$686,982	BOYAmt
EOY	$673,722	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$21,952	BOYAmt
EOY	$22,179	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,950	BOYAmt
EOY	$1,950	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$11,481	BOYAmt
EOY	$27,795	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$38,904	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$23,988	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$19,774	BOYAmt
EOY	$14,916	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$1,255,623	BOYAmt
EOY	$1,387,819	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,997,762	BOYAmt
EOY	$2,128,381	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$116,503	BOYAmt
EOY	$112,412	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$300,909	BOYAmt
EOY	$302,798	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$417,412	BOYAmt
EOY	$415,210	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,580,350	BOYAmt
EOY	$1,713,171	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,580,350	BOYAmt
EOY	$1,713,171	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,997,762	BOYAmt
EOY	$2,128,381	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$28,765	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$104,056	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Substantially All Dues Nonded	0	SubstantiallyAllDuesNondedInd
Only In House Lobbying	Yes (1)	OnlyInHouseLobbyingInd
Agree Carryover Prior Year	0	AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$21,904	OtherCostOrOtherBasisAmt
Depreciation	$19,171	DepreciationAmt
Book Value	$2,733	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$17,000	OtherCostOrOtherBasisAmt
Depreciation	$4,817	DepreciationAmt
Book Value	$12,183	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$14,916	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$1,087,275	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$104,056	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$104,056	RevenueNotReportedAmt
Revenue Subtotal	$983,219	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$983,219	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$954,454	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$954,454	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$954,454	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE SOCIETY IS ALSO EXEMPT FROM CALIFORNIA STATE INCOME TAXES. THE SOCIETY FOLLOWS THE GUIDANCE OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION RELATED TO UNCERTAIN TAX POSITIONS. MANAGEMENT EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE SOCIETY HAD NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS AT AUGUST 31, 2020. THE SOCIETY RECOGNIZES INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN THE STATEMENT OF ACTIVITIES AS INTEREST EXPENSE AND GENERAL AND ADMINISTRATIVE EXPENSE, RESPECTIVELY. NO PENALTIES OR INTEREST WERE RECORDED DURING YEAR ENDED AUGUST 31, 2020.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	LAURA CARNEY	PersonNm
Title	EXECUTIVE DIRECTOR	TitleTxt
Base Compensation Filing Org	$147,654	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$7,265	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$0	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$154,919	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7A	OFFICERS ARE SELECTED BY SOCIETY MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7B	REMOVAL OF A DIRECTOR WITHOUT CAUSE SHALL BE APPROVED BY A MAJORITY OF THE REGULAR MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	THE AUDIT COMMITTEE, FINANCE COMMITTEE, CEO AND TREASURER REVIEW THE FORM 990 AND REPORT TO THE BOARD OF GOVERNORS. DIGITAL AND HARD COPIES OF THE 990 ARE KEPT. BOARD MEMBERS CAN REQUEST TO REVIEW.
FORM 990, PART VI, SECTION B, LINE 12C	EACH SEPTEMBER THE NEW BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AND COMPLETES A CONFLICT OF INTEREST FORM.
FORM 990, PART VI, SECTION B, LINE 15	THE HR COMMITTEE REVIEWS STAFF COMPENSATION AT OTHER SOCIETIES OF A SIMILAR SIZE, GIVES AN ORAL REVIEW TO THE ED EACH MARCH AND A WRITTEN REVIEW EACH SEPTEMBER. IT IS IN SEPTEMBER THAT THE CURRENT FISCAL YEAR COMPENSATION IS DETERMINED AND A BONUS BASED ON COMPLETION OF GOALS FROM THE PREVIOUS YEAR.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY REQUEST FROM THE ORGANIZATION.
FORM 990, PART IX, LINE 24E	STUDY GUIDES & MOCK EXAMS 35,220. BOARD ACTIVITIES 30,414. BANK FEES AND FINANCE CHARGES 16,664. CAREER DEVELOPMENT 11,269. RECOGNITION 3,310. MISCELLANEOUS 422.