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CALIFORNIA ALTERNATIVE INVESTMENTS ASSOCIATION: Form 990EZ, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CALIFORNIA ALTERNATIVE INVESTMENTS ASSOCIATION (EIN 27-3063903)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-11-13
IRS object ID
202003189349204610
Schema version
2019v5.1
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)
Return2020-11-13T14:41:48-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN341912961PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHEN & COMPANY LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1OFFICES LISTED ATAddressLine1Txt
CityWWWCOHENCPACOMCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44115ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN273063903EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CALIFORNIA ALTERNATIVE INVESTMENTSBusinessNameLine1Txt
Business Name Line2ASSOCIATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCALIBusinessNameControlTxt
Phone4153699646PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1575 MARKET STREET NO 2125AddressLine1Txt
CitySAN FRANCISCOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94105ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRISTINA PACINIPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone4153699646PhoneNum
Signature2020-11-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTIMOTHY CHESSERPreparerPersonNm
PTINP00051772PTIN
Phone8002291099PhoneNum
Preparation2020-11-04PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressWWW.CALALTS.ORGWebsiteAddressTxt
Organization501cYes (X)Organization501cInd
Type Of Organization OtherYes (X)TypeOfOrganizationOtherInd
Gross Receipts$167,499GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Program Service Revenue$29,672ProgramServiceRevenueAmt
Membership Dues$137,825MembershipDuesAmt
Investment Income$2InvestmentIncomeAmt
Total Revenue$167,499TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$65,504FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$1,801PrintingPublicationsPostageAmt
Other Expenses Total$72,930OtherExpensesTotalAmt
Total Expenses$140,235TotalExpensesAmt
Excess Or Deficit For Year$27,264ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$53,787NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$81,051NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$36,305BOYAmt
EOY$86,276EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$17,482BOYAmt
EOY$1,000EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$53,787BOYAmt
EOY$87,276EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$6,225EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$53,787BOYAmt
EOY$81,051EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTHE CALIFORNIA ALTERNATIVE INVESTMENTS ASSOCIATION (CALALTS) IS A NON-PROFIT, MEMBER BASED ORGANIZATION FOUNDED TO FOSTER THE GROWTH AND DEVELOPMENT OF THOSE WITHIN THE ALTERNATIVE INVESTMENTS INDUSTRY IN CALIFORNIA THROUGH KNOWLEDGE SHARING, THOUGHT-LEADERSHIP, ADVOCACY OF SOUND BUSINESS PRACTICES, EVENTS, RESOURCES, AND EDUCATIONAL PROGRAMS.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
CALALTS HAS BEEN OFFERING INDUSTRY EDUCATIONAL AND NETWORKING EVENTS, FEATURING TOPICAL DISCUSSION ON MATTERS INCLUDING REGULATION, BEST PRACTICES, ECONOMIC OUTLOOK, PORTFOLIO CONSTRUCTION, AND RISK MANAGEMENT. DURING THE YEAR, CALALTS INCURRED APPROXIMATELY $50,000 IN EXPENSES TO HOST 10 IN-PERSON EDUCATIONAL AND NETWORKING EVENTS AND 15 VIRTUAL EVENTS/MEETINGS, THAT SERVED MORE THAN 1,000 ATTENDEES.$0$0
CALALTS CONTINUES TO INVEST IN THE WEBSITE ENHANCEMENTS AND COMMUNICATION DESIGNED TO SERVE OVER 4,000 INDIVIDUALS INCLUDING ITS MEMBERSHIP AND NON-MEMBERS WITHIN THE ALTERNATIVE INDUSTRY. COMMUNICATION EFFORTS, IN THE FORM OF WEBSITE, EMAIL, WEBINAR, AND SOCIAL MEDIA ANNOUNCEMENT, FOCUS ON PROMOTING THE MISSION OF THE ORGANIZATION WITH THE PUBLIC, CALALTS EVENTS THAT ARE OPEN TO BOTH MEMBERS AND NON-MEMBERS, AND SUPPORT INDUSTRY-RELATED EVENT ANNOUNCEMENTS. IN AN EFFORT TO CREATE NETWORKING OPPORTUNITIES IN A VIRTUAL ENVIRONMENT, CALALTS RE-ENGAGED FIVE SPECIAL INTEREST GROUPS (SIGS) TO SUPPORT THOUGHT-LEADERSHIP WITHIN THE ALTERNATIVE INVESTMENTS INDUSTRY.$0$0
CALALTS CONTINUES TO OFFER FREE MONTHLY EDUCATIONAL WEBINARS TO ITS MEMBERS AND MEMBERS OF THE ALTERNATIVE INDUSTRY. THE FREQUENCY INCREASED UPON COVID AND WE NOW HOST 25+ VIRTUAL EVENTS/MEETINGS ANNUALLY. CALALTS INCURRED HOSTING SERVICE EXPENSES OF APPROXIMATELY $1,500. EXPENSES TO DEVELOP, MANAGE, AND HOST PROGRAMS WERE APPROXIMATELY $10,000.$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part IVYes (X)InfoInScheduleOPartIVInd

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DANA LIGHT
PRESIDENT10.00$0$0$0
DAVID BURNETT
DIRECTOR2.00$0$0$0
JASON GERLACH
DIRECTOR5.00$0$0$0
KEITH MILLER
TREASURER2.00$0$0$0
KERRY WONG
DIRECTOR2.00$0$0$0
MARC WOLF
CHAIRMAN OF THE BOARD3.00$0$0$0
MICHAEL WU
SECRETARY2.00$0$0$0
MICK SWARTZ
DIRECTOR2.00$0$0$0
RACHEL ROTH
DIRECTOR2.00$0$0$0
ROBIN FINK
DIRECTOR2.00$0$0$0
RYAN ROSEN
DIRECTOR2.00$0$0$0
SASHA BURSTEIN
DIRECTOR2.00$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
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOLLAND-PARLETTE ASSOCIATESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1575 MARKET STREET SUITE 2125AddressLine1Txt
CitySAN FRANCISCOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94105ZIPCd
FieldValueIRS element (for citing)
Phone4153699646PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Political Campaign Acty0PoliticalCampaignActyInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST INCOME. AMOUNT: 2.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: BANK FEES. AMOUNT: 5,143. DESCRIPTION: INSURANCE. AMOUNT: 5,151. DESCRIPTION: SUPPLIES. AMOUNT: 358. DESCRIPTION: TELEPHONE/FAX/INTERNET. AMOUNT: 1,576. DESCRIPTION: WEBSITE. AMOUNT: 10,547. DESCRIPTION: BOARD EXPENSES. AMOUNT: 1,887. DESCRIPTION: MISC. EXPENSE - GENERAL. AMOUNT: 83. DESCRIPTION: EVENT EXPENSE - CATERING/HOTEL. AMOUNT: 37,220. DESCRIPTION: EVENT EXPENSE - MISC. EXPENSES. AMOUNT: 2,280. DESCRIPTION: EVENT EXPENSE - STAFF EXPENSE/TRAVEL. AMOUNT: 1,190. DESCRIPTION: EVENT EXPENSE - FOUNDATION SUPPORT. AMOUNT: 1,000. DESCRIPTION: EVENT EXPENSE - YOUNG PROFESSIONALS MIXER. AMOUNT: 6,495. TOTAL TO FORM 990-EZ, LINE 16: 72,930.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 17,121. END OF YEAR AMOUNT: 0. DESCRIPTION: AR-HP-OVERPAYMENT. BEG. OF YEAR AMOUNT: 66. END OF YEAR AMOUNT: 0. DESCRIPTION: ACCRUED REVENUE. BEG. OF YEAR AMOUNT: 295. END OF YEAR AMOUNT: 0. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,000.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 605. DESCRIPTION: ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,120. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 4,500.
FORM 990-EZ, PART V, INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS:THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY, OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.
FORM 990-EZ, PART V, QUESTION 35:AMOUNTS REPORTED ON PART I,LINE 2 REPRESENT GUEST FEES FOR ATTENDING ONE OF THE ORGANIZATION'S EVENTS HELD FOR ITS MEMBERS. AS INDICATED IN PART III, THE EVENTS ARE PUT ON TO FOSTER GROWTH AND DEVELOPMENT IN THE ALTERNATIVE INVESTMENT INDUSTRY THROUGH EDUCATIONAL AND NETWORKING PROGRAMS. THEREFORE, SUCH FEES FURTHER THE ORGANIZATION'S EXEMPT PURPOSE AND ARE NOT CONSIDERED UNRELATED BUSINESS INCOME.
MANAGEMENT AND ADMINISTRATIVE SERVICES:EFFECTIVE JULY 1, 2019, THE ORGANIZATION HAD CONTRACTED WITH HOLLAND-PARLETTE ASSOCIATES INC. (HPA) TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SERVICES FOR THE ORGANIZATION. FOR SUCH SERVICES (ESTIMATED TO BE 40 HOURS PER WEEK), THE ORGANIZATION PAID HPA $65,504 FOR THE FISCAL YEAR ENDING JUNE 30, 2020.

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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