2025-10-24T10:00:37-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2024-01-01 371428113 CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC CHAR 4132537373 11 AMITY STREET AMHERST MA 01002 JOHN BOWMAN CEO 4132537373 2025-10-10 1 0 MARY KAY CURTISS P01551484 8605614000 2025-10-10 2024 2025-03-06 01:10:19Z CAIA JOHN BOWMAN 11 AMITY STREET AMHERST MA 01002 13003658 0 X HTTPS://CAIA.ORG/ X 2002 MA THE CAIA ASSOCIATION IS A GLOBAL CREDENTIALING BODY FOR ALTERNATIVE INVESTMENTS, REPRESENTING PROFESSIONALS IN OVER 95 COUNTRIES. IT UPHOLDS HIGH ETHICAL STANDARDS, OFFERS THE CHARTERED ALTERNATIVE INVESTMENT ANALYST DESIGNATION, AND PROMOTES ONGOING EDUCATION AND PROFESSIONAL DEVELOPMENT IN THE INDUSTRY. 10 9 47 400 0 0 75000 485152 10772788 12001046 158368 168003 322149 349457 11328305 13003658 0 0 0 0 5838934 5847207 0 0 0 6951717 6645484 12790651 12492691 -1462346 510967 8528938 9653277 8509494 9154458 19444 498819 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 1 ADMINISTRATION OF THE CAIA EXAM, AWARDING THE CAIA DESIGNATION, ADVOCATING FOR HIGH PROFESSIONAL STANDARDS, AND CONTRIBUTING TO THE BODY OF KNOWLEDGE RELATED TO ALTERNATIVE INVESTING. E-CURRICULUM GIVES ACCESS AND CONTROL OF CONTENT TO HELP STUDENTS BETTER PREPARE TO STUDY FOR THE EXAM. UNIFI BY CAIA PROVIDES EDUCATION FOR PROFESSIONALS ACROSS THE PRIVATE WEALTH MANAGEMENT INDUSTRY THROUGH A SPECIALIZED LEARNING PLATFORM. 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 47 1 0 1 IN HK UK SZ SN 0 0 0 0 0 0 X 10 9 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 ST AMHERST MA 01002 WILLIAM KELLY CEO UNTIL 12/31/24 40.00 0.00 X X 470777 0 104412 VALERIE SILL CHAIR OF THE BOARD 1.00 0.00 X 0 0 0 DAN BIENVENUE DIRECTOR 1.00 0.00 X 0 0 0 JAYNE BOK DIRECTOR 1.00 0.00 X 0 0 0 ELENA MANOLA-BONTHOND DIRECTOR 1.00 0.00 X 0 0 0 GREGORY BROWN DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH BURTON DIRECTOR 1.00 0.00 X 0 0 0 GRAEME GRIFFITHS DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM MA DIRECTOR 1.00 0.00 X 0 0 0 THOMAS ROBINSON DIRECTOR 1.00 0.00 X 0 0 0 RUTH CAROLAN CLERK/CHIEF OPERATING OFFICER 40.00 0.00 X 205852 0 43574 BRADLEY AMBANI DIRECTOR OF FINANCE/TREASURER 40.00 0.00 X 163984 0 33529 JOHN BOWMAN EXECUTIVE VICE PRESIDENT 40.00 0.00 X 407442 0 40052 KRISTAPS LICIS SENIOR ASSOCIATE DIRECTOR OF EXAMS 40.00 0.00 X 219676 0 38184 AARON FILBECK MANAGING DIRECTOR/HEAD OF UNIFI 40.00 0.00 X 196254 0 9334 STEVEN NOVAKOVIC MANAGING DIRECTOR OF EDUCATIONAL PROGRAMS 40.00 0.00 X 182195 0 14178 CHRISTIE HAMILTON DIRECTOR OF CONTENT AND RESEARCH 40.00 0.00 X 162602 0 16905 2008782 0 300168 14 0 1 0 NCS PEARSON 5601 GREEN VALLEY DR BLOOMINGTON MN 55437 EXAM ADMINISTRATION 273938 ABILA DEPT 3303 PO BOX 123303 DALLAS TX 75312 CRM SUPPORT 266203 BENCHPREP 111 S WACKER DR SUITE 1200 CHICAGO IL 60606 CURRICULUM 266203 ROONEY PARTNERS 477 MADISON AVENUE NEW YORK NY 10022 MARKETING SUPPORT 163173 WITH INTELLIGENCE 41 MADISON AVENUE NEW YORK NY 10010 PUBLISHING 125000 5 35152 450000 485152 EXAM REGISTRATION FEES 900099 5007949 5007949 MEMBERSHIP DUES 900099 3881782 3881782 FUNDAMENTALS 900099 1604915 1604915 ENROLLMENT FEES 900099 1210000 1210000 ALTS 900099 296400 296400 12001046 168003 168003 9598 9598 EVENT INCOME 900099 308547 308547 REFERRAL INCOME 900099 17161 17161 LICENSING INCOME 900099 13500 13500 651 651 339859 13003658 12340905 0 177601 910776 3983847 103091 347673 501820 1955584 182590 175355 30147 794711 64950 322616 561977 132868 335548 262210 1087 92682 EXAM ADMINISTRATION 963907 CHAPTER SERVICES 473627 CURRICULUM 174925 MEMBER SERVICES 100160 20540 12492691 1785045 2923264 4415764 5162015 688926 150326 321619 120877 230606 1678637 1676993 3795 1644 1364205 1014129 8528938 9653277 1335469 1631924 5423060 5714917 1750965 1807617 8509494 9154458 X -160556 113819 180000 385000 19444 498819 8528938 9653277 X 510967 -31592 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 291575 289931 1644 1387062 1387062 0 1644 LONG-TERM LEASE 224862 DUE FROM AFFILIATED ORGANIZATION 789267 1014129 DUE TO AFFILIATED ORGANIZATION 1580225 LONG TERM LEASE LIABILITY 227392 1807617 X 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, 2024 AND 2023. 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 2021 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 6 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT AND EXAM DELIVERY EXPENSES 1275748 EAST ASIA AND THE PACIFIC 2 4 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT AND EXAM DELIVERY EXPENSES 633626 NORTH AMERICA 1 35 PROGRAM SERVICES CANADIAN TAX EXPENSES 15004 5 45 0 0 5 45 1924378 0 1924378 1 0 1 0 0 1 X 1 1 X X X X X 0 0 0 WILLIAM KELLY CEO UNTIL 12/31/24 425777 0 45000 0 0 0 103335 0 1077 0 575189 0 0 0 JOHN BOWMAN EXECUTIVE VICE PRESIDENT 307442 0 100000 0 0 0 12600 0 27452 0 447494 0 0 0 KRISTAPS LICIS SENIOR ASSOCIATE DIRECTOR OF EXAMS 199676 0 20000 0 0 0 8402 0 29782 0 257860 0 0 0 RUTH CAROLAN CLERK/CHIEF OPERATING OFFICER 167852 0 38000 0 0 0 7069 0 36505 0 249426 0 0 0 AARON FILBECK MANAGING DIRECTOR/HEAD OF UNIFI 178254 0 18000 0 0 0 7130 0 2204 0 205588 0 0 0 BRADLEY AMBANI DIRECTOR OF FINANCE/TREASURER 145984 0 18000 0 0 0 2624 0 30905 0 197513 0 0 0 STEVEN NOVAKOVIC MANAGING DIRECTOR OF EDUCATIONAL PRO 165195 0 17000 0 0 0 7344 0 6834 0 196373 0 0 0 CHRISTIE HAMILTON DIRECTOR OF CONTENT AND RESEARCH 162602 0 0 0 0 0 0 0 16905 0 179507 0 0 0 PART I, LINE 1A THE COMPANY PAYS FIRST-CLASS FOR ANY EMPLOYEE THAT HAS A FLIGHT LONGER THAN FIVE HOURS. PART I, LINE 1B THE COMPANY PAYS FIRST-CLASS FOR ANY EMPLOYEE THAT HAS A FLIGHT LONGER THAN FIVE HOURS. TRAVEL EXPENSES ARE REIMBURSEMENTS. PART I, LINE 3 THE BONUS IS DETERMINED UNDER THE DISCRETION OF THE BOARD AND MANAGEMENT BASED ON MEETING PERFORMANCE GOALS. FORM 990, PART III, LINE 3 THE FDP PROGRAM WAS DISSOLVED AND TRANSITIONED TO AN OUTSIDE PARTY MID WAY THROUGH THE YEAR. FORM 990, PART VI, SECTION A, LINE 1A ALL OF THE NON-EMPLOYEE (INDEPENDENT) DIRECTORS OF THE CORPORATION SHALL CONSTITUTE AND EXECUTIVE COMMITTEE, WHICH COMMITTEE SHALL HAVE AND MAY EXERCISE ALL POWERS OF THE BOARD OF DIRECTORS IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO CHANGE THE PRINCIPAL OFFICE OF THE CORPORATION, TO AMEND THE BYLAWS, TO CHANGE THE NUMBER OF MEMBERS OF THE BOARD OF DIRECTORS, TO REMOVE DIRECTORS FROM OFFICE, TO FIX COMPENSATION OF DIRECTORS FOR SERVICE ON THE BOARD, OR TO AMEND OR REPEAL ANY BOARD OF DIRECTORS RESOLUTION THAT DOES NOT BY ITS TERMS MAKE IT AMENDABLE OR REPLACEABLE BY SUCH COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 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 CHIEF OPERATING OFFICER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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 -31,592. 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 1339305 650160 1.00000 1 CAIA ASSOCIATION SINGAPORE OFFICE LIMITED ONE RAFFLES PLACE SINGAPORE SN INDUSTRY RELATIONS SN CHARTERED ALTERNATIVE INVESTMENT C 59302 71886 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 556977 432091 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 1339305 FAIR MARKET VALUE CAIA ASSOCIATION HONG KONG OFFICE LIMITED P 556977 FAIR MARKET VALUE CAIA ASSOCIATION SINGAPORE OFFICE LIMITED P 59302 FAIR MARKET VALUE