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CALIFORNIA ALTERNATIVE INVESTMENTS ASSOCIATION: Form 990EZ, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
CALIFORNIA ALTERNATIVE INVESTMENTS ASSOCIATION (EIN 27-3063903)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-01-26
IRS object ID
201530269349200713
Schema version
2013v4.0
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)
Return2015-01-26T15:08:00-06:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521471836PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ARTHUR F BELL JR & ASSOCIATES LLCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1201 INTERNATIONAL CIRCLE SUITE 400AddressLine1
CityHUNT VALLEYCity
StateMDState
ZIP Code21030ZIPCode
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN273063903EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CALIFORNIA HEDGE FUND ASSOCIATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlCALIBusinessNameControlTxt
Phone4153699646PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1575 MARKET STREET NO 2125AddressLine1
CitySAN FRANCISCOCity
StateCAState
ZIP Code94105ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKERRY PARKERPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone4153699646PhoneNum
Signature2015-01-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTIMOTHY CHESSER CPAPreparerPersonNm
PTINP00051772PTIN
Phone4107710001PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressWWW.CALHEDGEFUND.ORGWebsiteAddressTxt
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$133,912GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Program Service Revenue$19,662ProgramServiceRevenueAmt
Membership Dues$114,250MembershipDuesAmt
Total Revenue$133,912TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$48,800FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$2,363PrintingPublicationsPostageAmt
Other Expenses Total$69,657OtherExpensesTotalAmt
Total Expenses$120,820TotalExpensesAmt
Excess Or Deficit For Year$13,092ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$20,968NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$34,060NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$19,635BOYAmt
EOY$37,968EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$5,649BOYAmt
EOY$13,762EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$25,284BOYAmt
EOY$51,730EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,316BOYAmt
EOY$17,670EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$20,968BOYAmt
EOY$34,060EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTHE CALIFORNIA HEDGE FUND ASSOCIATION (CHFA) IS A NON-PROFIT, MEMBER BASED ORGANIZATION FOUNDED TO FOSTER THE GROWTH AND DEVELOPMENT OF THE HEDGE FUND COMMUNITY IN CALIFORNIA THROUGH 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
CHFA HAS BEEN OFFERING INDUSTRY NETWORKING AND EDUCATIONAL EVENTS, FEATURING TOPICAL DISCUSSIONS ON MATTERS INCLUDING REGULATION, BEST PRACTICES, ECONOMIC OUTLOOK, PORTFOLIO CONSTRUCTION, AND RISK MANAGEMENT. DURING THE YEAR, CHFA INCURRED APPROXIMATELY $50,000 IN EXPENSES TO HOST 30 EDUCATIONAL AND NETWORKING EVENTS THAT SERVED MORE THAN 1,000 ATTENDEES.$0$0
IN JANUARY 2014, CHFA CREATED A NEW WEBSITE AT A COST OF APPROXIMATELY $10,000. THE WEBSITE IS DESIGNED TO SERVE CHFA'S 900+ MEMBERS, AND TO SHARE THE MISSION OF THE ORGANIZATION WITH THE PUBLIC. THE WEBSITE PROMOTES CHFA EVENTS THAT ARE ALSO OPEN TO NON-MEMBERS INTERESTED IN ATTENDING.$0$0
DURING THE YEAR, CHFA OFFERED FREE EDUCATIONAL WEBINARS (TWICE PER MONTH). CHFA INCURRED HOSTING SERVICE EXPENSES OF APPROXIMATELY $750. EXPENSES TO DEVELOP AND MANAGE THE PROGRAMS WERE APPROXIMATELY $5,000.$0$0

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JASON GERLACH
PRESIDENT5.00$0$0$0
BOB ROBINSON
1ST VICE PRESIDENT3.00$0$0$0
MARC WOLF
2ND VICE PRESIDENT3.00$0$0$0
ART ZWICKEL
TREASURER4.00$0$0$0
JAY GOULD
SECRETARY3.00$0$0$0
NOUR DAOUD
DIRECTOR3.00$0$0$0
ROBIN FINK
DIRECTOR3.00$0$0$0
SCOTT KEYS
DIRECTOR3.00$0$0$0
KATHLYNE KIAIE
DIRECTOR3.00$0$0$0
JIM LOPICCOLO
DIRECTOR3.00$0$0$0
LEE MICHAEL SWARTZ
DIRECTOR3.00$0$0$0
CHRISTOPHER AINSWORTH
CHAIRMAN OF THE BOARD4.00$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 RptYes (1)ChgMadeToOrgnzngDocNotRptInd
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 Line1KERRY PARKERBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1575 MARKET STREET SUITE 2125AddressLine1
CitySAN FRANCISCOCity
StateCAState
ZIP Code94105ZIPCode
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 16 - OTHER EXPENSESDESCRIPTION: BANK FEES. AMOUNT: 3,998. DESCRIPTION: INSURANCE. AMOUNT: 3,284. DESCRIPTION: SUPPLIES. AMOUNT: 1,266. DESCRIPTION: TELEPHONE/FAX/INTERNET. AMOUNT: 1,743. DESCRIPTION: WEBSITE. AMOUNT: 10,050. DESCRIPTION: BOARD EXPENSES. AMOUNT: 1,027. DESCRIPTION: EVENT EXPENSE - AUDIO/VISUAL. AMOUNT: 1,875. DESCRIPTION: EVENT EXPENSE - CATERING/HOTEL. AMOUNT: 43,618. DESCRIPTION: EVENT EXPENSE - MISC. EXPENSES. AMOUNT: 465. DESCRIPTION: EVENT EXPENSE - STAFF EXPENSE/TRAVEL. AMOUNT: 1,062. DESCRIPTION: EVENT EXPENSE - STAFF EXPENSES. AMOUNT: 507. DESCRIPTION: EVENT EXPENSE - WEBINAR HOSTING SERVICE. AMOUNT: 762. TOTAL TO FORM 990-EZ, LINE 16: 69,657.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,531. END OF YEAR AMOUNT: 1,754. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 4,118. END OF YEAR AMOUNT: 12,008.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 4,316. END OF YEAR AMOUNT: 17,670.
FORM 990-EZ, PART V, QUESTION 34, CHANGES TO ORGANIZATION OR GOVERNINGTHE BYLAWS OF THE ORGANIZATION WERE AMENDED BY THE BOARD OF DIRECTORS ON APRIL 24, 2014, AS FOLLOWS: ARTICLE III SECTION 3 - TYPES OF DIRECTORS CHANGE "HEDGE FUND MANAGERS" TO "ALTERNATIVE ASSET MANAGERS" ADD: "OR OTHER ALTERNATIVE ASSET MANAGEMENT FIRM SUCH AS THE PROVIDER OF A LIQUID ALTERNATIVE '40 ACT FUNDS." SERVICE PROVIDERS: ADD: "LEGAL, AUDIT/ACCOUNTING, INSURANCE, HUMAN RESOURCES, AND INFORMATION TECHNOLOGY." AT LARGE SEATS: CHANGE FROM 3 SEATS TO 5 SEATS. MAKE MINOR CLEAN UP LANGUAGE: "ADDITIONAL INDIVIDUALS WHO QUALIFY UNDER EITHER (VS. "AS DEFINED IN") ARTICLE III, SECTION 3(A) OR (B)." SECTION 5 - TERM ALTERNATIVE ASSET MANAGERS - SHALL SERVE NO LESS THAN A TWO (2) YEAR TERM AS A BOARD MEMBER (VS. 3 YEAR TERM) ADD: "NO MORE THAN A THREE (3) YEARS TERM WITHOUT THE APPROVAL OF TWO-THIRDS (2/3) OF THE BOARD (EXCLUDING THE BOARD MEMBER IN QUESTION)." SERVICE PROVIDERS - SHALL SERVE A (1) YEAR TERM (VS. 2 YEAR TERM) WHEN ELECTED TO THE BOARD. ADD:"AND NO MORE THAN A TWO (2) YEAR TERM WITHOUT THE APPROVAL OF TWO-THIRDS (2/3) OF THE BOARD(EXCLUDING THE BOARD MEMBER IN QUESTION)." AT LARGE SEATS: SHALL SERVE A ONE (1) YEAR TERM (NO CHANGE) - ADD: "WHEN ELECTED TO THE BOARD AND NO MORE THAN A TWO (2) YEAR TERM WITHOUT THE APPROVAL OF TWO-THIRDS (2/3) OF THE BOARD (EXCLUDING THE BOARD MEMBER IN QUESTION)." EXECUTIVE COMMITTEE - SHALL SERVE A TWO (2) YEAR TERM (VS. 5 YEAR TERM) ON THE EXECUTIVE COMMITTEE. ADD: "AND NO MORE THAN A THREE (3) YEARS TERM WITHOUT THE APPROVAL OF TWO-THIRDS (2/3) OF THE BOARD (EXCLUDING THE BOARD MEMBERS IN QUESTION)." ARTICLE IV SECTION 2 - SELECTION AND TERM OF OFFICE. THE OFFICERS OF THIS CORPORATION SHALL BE CHOSEN ACCORDING TO A METHOD AUTHORIZED BY THE BOARD OF DIRECTORS AND SHALL SERVE AT THE PLEASURE OF THE BOARD. ADD:"FOR A MINIMUM TERM OF 2 YEARS BUT FOR NO MORE THAN 3 YEARS WITHOUT THE APPROVAL OF TWO-THIRDS (2/3) OF THE BOARD (EXCLUDING THE OFFICER IN QUESTION)."
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 PESONAL 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 HEDGE FUND 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, 2012, 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 22 HOURS PER WEEK), THE ORGANIZATION PAID HPA $48,800 FOR THE FISCAL YEAR ENDING JUNE 30, 2014.

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