2024-03-13T18:53:40-07:00 2023-04-30 990 2022-05-01 200978565 CALCPA INSTITUTE CALC 6505223021 500 Capitol Mall Suite 2350 Sacramento CA 95814 Natalie Quan CFO 6505223021 2024-03-13 Natalie Quan 999009999 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z Natalie Quan 500 Capitol Mall Suite 500 Sacramento CA 95814 1331285 0 X https://www.calcpa.org/get-involved/calcpa-institute X 2004 CA ADVANCE FINANCIAL EDUCATION AND IMPROVE FINANCIAL LITERACY OF THE PUBLIC. 15 15 0 132 0 0 448784 385394 4722 39081 226794 84385 0 0 680300 508860 289795 364750 0 0 43903 545174 0 0 0 133704 270566 467402 1180490 212898 -671630 3111213 3041053 279310 953598 2831903 2087455 PROVIDE SUPPORT TO THE PUBLIC AND CPA PROFESSION BY ADVANCING FINANCIAL EDUCATION PROVIDE SUPPORT TO THE PUBLIC AND CPA PROFESSION 0 0 401700 364750 0 SCHOLARSHIPS: CALCPA INSTITUTE AWARDED CHAPTER SCHOLARSHIPS WITH FUNDS RAISED BY THE FOURTEEN CHAPTERS AND OTHER EDUCATIONAL ASSISTANCE TO OVER 100 COLLEGE AND UNIVERSITY STUDENTS WITHIN CALIFORNIA PURSUING CPA CAREERS: CALCPA INSTITUTE ALSO HELD NUMEROUS FINANCIAL LITERACY WORKSHOPS AND EVENTS ATTENDED BY OVER 1,950 CALIFORNIANS. MEMBERS OF THE CALIFORNIA SOCIETY OF CPAS, THROUGH THE INSTITUTE, ALSO PROVIDED ASSISTANCE BY SHARING THEIR KNOWLEDGE WITH THE PUBLIC THROUGH COLLABORATION WITH STATE LEGISLATORS AND ASSISTANCE PROGRAMS. 672012 0 1350 STUDENT OUTREACH: AT THE HIGHSCHOOL LEVEL, CALCPA SPONSORS DECA AND FUTURE BUSINESS LEADERS OF AMERICA EVENTS TO HELP INSPIRE NEXT GENERATION TO PURSUE CAREERS IN ACCOUNTING. FROM COMMUNITY COLLEGE TO CPA IS A PROGRAM OFFERED ON COMMUNITY COLLEGE CAMPUSES AND VIRTUALLY ACROSS THE STATE THAT AIDS STUDENTS IN THE TRANSITION FROM A TWO YEAR COLLEGE AND HELP KICKSTATT THEIR CPA JOURNEY. THE INDUSTRY INFLUENCER PROGRAM ESTABLISHES STUDENT REPRESENTATIVES ON VARIOUS COLLEGE CAMPUSES WITH THE GOAL OF BUILDING STRONGER RELATIONSHIPS WITH ACCOUNTING EDUCATORS AND STUDENTS, AS WELL AS PROMOTE THE ACCOUNTING PROFESSIONS AND CPA LICENSURE. CALCPA ALSO HOSTS FIRM CRAWL FIELD TRIPS FOR COLLEGE STUDENTS TO VISIT FIRMS, MEET PARTNERS AND PERSONALLY GET A FEEL FOR DIFFERENT SIZE FIRMS. IN ADDITION, THE INSTITUTE OVERSEES DIVERSITY, EQUITY AND INCLUSION (DE&I). PERTNERING WITH THE CENTER FOR AUDIT QUALITY, THE ACCOUNTING PROGRAM HELPS UNDERREPRESENTED AND UNDERDERVED STUDSENTS DISCOVER THE VAST OPPORTUNITIES THE PROFESSION OFFERS. 97022 0 37731 CALCPA LEADERSHIP INSTITUTE IS A 5-DAY PROGRAM DESIGNED TO TEACH CALCPA MEMBERS SKILLS THAT WILL MAKE THEM BETTER LEADERS AND MANAGERS. PARTICIPANTS GROW AS VOLUNTEER AND BUSINESS LEADERS AS THEY FOCUS ON IMPROVING LEADERSHIP BEHAVIOR, AS WELL AS CRITICAL THINKING AND MANAGEMENT SKILLS. THE CALIFORNIA CPA EDUCATION FOUNDATION AND CALCPA UNDERWRITE THE COSTS OF THE PROGRAM EXCEPT FOR A SMALL ADMINISTRATIVE FEE THAT IS THE RESPONSIBILITY OF THE INDIVIDUAL PARTICIPANT. 0 0 0 1170734 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X Natalie Quan 6505223021 500 Capitol Mall Suite 2350 Sacramento CA 95814 Denise Froemming President and CEO 0.10 1 X 0 490060 22316 Natalie Quan VP and CFO of Financial Strategy and Business Excellence 0.10 1 X 0 260317 18076 Heather Collins Senior Director-DE&I, Pipeline and Engagement 40 0 X 0 184380 13257 Christie Simons Past Chair (Immediate) 0.1 1 X X 0 0 0 Tayiika Dennis Chair 0.1 1 X X 0 0 0 Meredith Johnson First Vice Chair 0.1 1 X X 0 0 0 Matthew Martin Secretary/Treasurer - Eff 7-28-22 0.10 1 X X 0 0 0 Jolene Fraser Past Chair - through 8-01-22 0.1 1 X 0 0 0 Adam Blitz Foundation Chair - Eff 7-28-22 0.1 1 X 0 0 0 Scott Hoppe Education Foundation President - through 7-28-22 0.1 1 X 0 0 0 Mike Ray Vice Chair - through 7-28-22 0.1 1 X 0 0 0 Jillian N Phan Vice Chair 0.1 1 X 0 0 0 Miklos Ringbauer Vice Chair 0.1 1 X 0 0 0 David Neighbors Vice Chair 0.1 1 X 0 0 0 Peter Brown Council Member at Large - through 7-28-22 0.1 1 X 0 0 0 Richard Giedlin Council Representative to the Board 0.1 1 X 0 0 0 Erin Roche Council Representative to the Board 0.1 1 X 0 0 0 John Misuraca Council Representative to the Board 0.1 1 X 0 0 0 Dalton Sweeney Council Representative to the Board - Eff 7-28-22 0.1 1 X 0 0 0 Maya Ivanova Appointed Member - through 7-28-22 0.1 1 X 0 0 0 John Schultz Appointed Member 0.1 1 X 0 0 0 Mei-Li Huang Appointed Member - Eff 7-28-22 0.1 1 X 0 0 0 Panteha Dixon Appointed Member - Eff 7-28-22 0.10 1 X 0 0 0 0 934757 53649 0 0 1 0 0 0 0 0 328019 0 57375 0 385394 Leadership Institute 900099 37731 37731 0 0 Student Outreach/CPA Career 813319 1350 1350 0 0 0 0 0 0 39081 89157 0 0 89157 0 0 0 0 0 0 0 0 0 0 817653 0 822425 0 -4772 0 -4772 0 0 -4772 0 0 508860 39081 0 84385 X 20600 20600 344150 344150 0 0 0 0 0 0 0 0 0 0 0 409692 409692 0 0 25592 25592 0 0 81852 81852 0 0 28038 28038 0 0 0 0 0 0 3011 3011 0 0 0 0 0 0 0 0 0 0 0 0 9756 0 9756 0 21728 21728 0 0 15983 15983 0 0 23194 23194 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54615 54615 0 0 0 0 0 0 142279 142279 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1180490 1170734 9756 0 191372 114853 0 0 0 0 39288 61352 0 0 0 0 0 0 0 0 1559 20189 2878994 2844659 0 0 0 0 0 0 0 0 3111213 3041053 35536 157740 0 4950 0 0 0 0 0 0 0 0 0 0 0 238824 795858 279310 953598 X 2831903 2087455 0 0 2831903 2087455 3111213 3041053 -671630 -72818 0 0 0 0 X 0 1 X 1 0 X X 1 California Society of Certified Public Accountants 941056137 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Schedule A, Part IV, Section A, Line 3b CALCPA INSTITUTE OBTAINED THE TAX RETURN AND MAINTAINED FINANCIAL RECORDS OF ITS SUPPPORTED ORGANIZATION, CALIFORNIA SOCIETY OF CPA (A 501(C)(6) ORGANIZATION), TO ENSURE THE ORGANIZATION SATISFIED THE PUBLIC SUPPORT TESTS UNDER SECTION 509(A)(2) Schedule A, Part IV, Section A, Line 3c CALCPA INSTITUTE DOES NOT SUPPORT CALCPA WITH MONETARY DONATIONS. THE INSTITUTE SUPPORTS CALCPA BY PROVIDING CALCPA CHAPTERS THE MEANS TO ADMINISTER AND FUND THEIR SCHOLARSHIP FUNDS, FUND THEIR FINANCIAL LITERACY, AND OTHER EDUCATIONAL PROGRAMS. CALCPA UTILIZES A CLOUD-BASED APPLICATION CALLED "SMARTERSELECT" WHICH FACILITATES THE APPLICATION FOR SCHOLARSHIPS AND APPROVAL. EACH CHAPTER HAS A SCHOLARSHIP COMMITTEE THAT REVIEWS APPLICATIONS ONLINE BASED ON THEIR CHAPTER'S REQUIREMENTS AND DETERMINES THE AMOUNT EACH RECIPIENT RECEIVES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Due to Affiliates 795858 795858 X Schedule D, Part X, Line 2 THE CALCPA INSTITUTE IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(C)(3) AND RELATED CALIFORNIA CODE SECTIONS. HOWEVER, THE ORGANIZATION IS SUBJECT TO INCOME TAXES FROM ACTIVITIES UNRELATED TO ITS TAX-EXEMPT PURPOSES. THE INSITUTE IS CONSIDERED A PUBLICLY SUPPORTED ORGANIZATION. MANAGEMENT HAS EVALUATED ITS TAX POSITIONS AND RELATED INCOME TAX CONTINGENCIES. MANAGEMENT DOES NOT BELIEVE THAT ANY MATERIAL UNCERTAIN TAX POSITIONS EXIST. 1 California State University Fresno Foundation 4910 N Chestnut Ave Fresno CA 93726 946003272 501(c)(3) 12000 Scholarship Grant Cabrillo College Foundation 6500 Soquel Dr Aptos CA 95003 946121953 501(c)(3) 5600 Scholarship Grant 2 0 Scholarship Grants 142 289750 0 E-gift cards to accounting students for books 136 54400 0 Schedule I, Part I, Line 2 CALCPA INSTITUTE REQUIRES THAT INDIVIDUALS COMPLETE AN APPLICATION FOR THE SCHOLARSHIP. SCHOLARSHIP AWARDS ARE GRANTED TO THE STUDENTS WHO SHOW THE MOST PROMISE IN PURSUING ACCOUNTING AS A CAREER. THE AWARDS ARE NOT BASED ON FINANCIAL NEED. THE AWARD DECISION IS BASED UPON THE STUDENTS' GRADES, WORK EXPERIENCE, OUTSIDE ACTIVITIES AND OTHER FACTORS. CALCPA INSTITUTE DOES NOT MONITOR THE USE OF GRANTS FUNDS. SOME CHAPTERS OF CALCPA DONATE TO THE ENDOWMENT FUNDS OF BUSINESS SCHOOLS. THE SCHOOLS WILL DECIDE WHICH STUDENTS WOULD RECEIVE THE GRANTS AND WILL MONITOR THE USE OF THE FUNDS. 0 0 0 0 0 0 0 0 0 Denise Froemming President and CEO 0 445060 0 45000 0 0 0 22077 0 239 0 512376 0 0 Natalie Quan VP and CFO of Financial Strategy and Business Excellence 0 254317 0 6000 0 0 0 17838 0 239 0 278394 0 0 Heather Collins Senior Director-DE&I, Pipeline and Engagement 0 184380 0 0 0 0 0 12405 0 852 0 197637 0 0 Schedule J, Part I, Line 3 THE SOCIETY BOARD OF DIRECTORS IS DELEGATED RESPONSIBILITY TO REVIEW THE CEO'S GOALS, PERFORMANCE, AND COMPENSATION TO THE CEO GOALS AND OBJECTIVE COMMITTEE ("COMMITTEE"). THE COMMITTEE IS COMPRISED OF THE PRESIDENT, PAST PRESIDENT, FIRST VICE PRESIDENT, AND SECRETARY/TREASURER. ALL MEMBERS OF THE COMMITTEE DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE DETERMINATION OF THE CEO'S COMPENSATION. THE COMMITTEE MEETS AND SETS OUT GOALS FOR THE CEO TO ACCOMPLISH THROUGH OUT THE YEAR AFTER THE END OF THE FISCAL YEAR, THE COMMITTEE PERFORMS THEIR DUE DILIGENCE REVIEW OF THE CEO'S GOALS AND PERFORMANCE AS WELL AS THE COMPARABLE DATA AND MAKES THE FINAL RECOMMENDATION TO THE BOARD OF DIRECTORS, WHICH HAS FINAL APPROVAL. COMPARABLE DATA INCLUDES FORM 990 OF OTHER STATE CPA SOCIETIES SIMILAR TO SIZE AND A COMPENSATION SURVEY CONDUCTED BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE). THE CEO DETERMINES THE SALARY OF THE CFO BASED ON AN ANNUAL PERFORMANCE REVIEW MEASURES AGAINST GOALS PRESET BY THE CEO. Form 990, Part I, Line 6 VOLUNTEERS ARE CALCPA MEMBERS WHO SIGN UP TO GET INVOLVED IN THE FOLLOWING (1) TALK TO HIGH SCHOOL OR COLLEGE STUDENTS ABOUT BUDGETING, CREDIT, OR SAVINGS AND INVESTING, OR HELP THEM DISCOVER A CPA CAREER; (2) HOLD WORKSHOPS TO EDUCATE PUBLIC ON FINANCIAL LITERACY; (3) BEING A TAX VOLUNTEER BY SHARING THEIR KNOWLEDGE WITH THE PUBLIC BY COLLABORATING WITH STATE LEGISLATORS, LOCAL CHAMBERS OF COMMERCE, TAX ASSISTANCE PROGRAMS AND TELEVISION AND RADIO NEWS SHOWS. DIVERSITY AND INCLUSION VOLUNTEERS WORK SPECIFICALLY WITH UNDER-REPRESENTED MINORITY STUDENTS BY BRINGING CAREER AWARENESS THE CPA PROFESSION AND FINANCIAL LITERACY EDUCATION TO THE CLASSROOM.VOLUNTEERS ALSO INCLUDE NON-COMPENSATED BOARD MEMBERS. Form 990, Part V, Line 2a CALCPA INSTITUTE DID NOT ISSUE A W-2. THE COMPENSATION PROVIDED ON PART IX IS FOR THE SHARED EMPLOYEES THAT ARE ON THE CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS ("CALCPA") PAYROLL. CALCPA ISSUED THE W-2 FOR THESE EMPLOYEES. Form 990, Part VI, Section B, Line 11b FORM 990 IS PREPARED BY CALCPA STAFF. IT IS REVIEWED IN DETAIL BY THE CONTROLLER AND A SECONDARY, HIGH-LEVEL REVIEW IS CONDUCTED BY THE CFO AND INDEPENDENT ACCOUNTANTS. THE REVIEWED DRAFT IS CIRCULATED TO MEMBERS OF THE AUDIT COMMITTEE REQUESTING THE REVIEW, COMMENTS, AND QUESTIONS. ALL THE QUESTIONS AND CONCERNS ARE ADDRESSED AND RESULTING NOTIFICATIONS ARE MADE AS APPROPRIATE. ONCE THE REVIEW PROCESS IS COMPLETED, THE FORM 990 IS PROVIDED TO ALL COUNCIL AND BOARD MEMBERS AND IS FILED WITH THE IRS ON OR BEFORE THE DUE DATE. Form 990, Part VI, Section B, Line 12c THE INSTITUTE ANNUALLY REQUIRES THAT ALL MEMBERS OF THE BOARD OF DIRECTORS READ THE CONFLICT-OF-INTEREST POLICY AND SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENTS ARE REVIEWED UPON RECEIPT. IF CONFLICTS ARE IDENTIFIED, CALCPA'S CEO REVIEWS THE STATEMENT AND WILL REFER TO LEGAL COUNSEL, IF NECESSARY. IN ITS ANNUAL TRAINING OF INCOMING BOARD MEMBERS CALCPA DISCUSSES WITH ITS LEADERS THAT THE ORGANIZATION IS GOVERNED BY CALIFORNIA CORPORATION CODE AND THAT THEY HAVE A FIDUCIARY DUTY AS DIRECTORS OF CALCPA. Form 990, Part VI, Section B, Line 15 CALCPA INSTITUTE IS ORGANIZED AND OPERATING TO PERFORM THE FUNCTIONS, OR TO CARRY OUT THE PURPOSE OF THE CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS ("CALCPA"). INSTITUTE IS UNDER THE SAME MANAGEMENT OF CALCPA. THE CALCPA BOARD OF DIRECTORS DELEGATES RESPONSIBILITY TO REVIEW THE CEO'S GOALS, PERFORMANCE, AND COMPENSATION TO THE CEO GOALS AND OBJECTIVE COMMITTEE ("COMMITTEE"). THE COMMITTEE IS COMPRISED OF THE PRESIDENT, PAST PRESIDENT, FIRST VICE PRESIDENT, AND SECRETARY/TREASURER. ALL MEMBERS OF THE COMMITTEE DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE DETERMINATION OF THE CEO'S COMPENSATION. THE COMMITTEE MEETS AND SETS OUT GOALS FOR THE CEO TO ACCOMPLISH THROUGH OUT THE YEAR AFTER THE END OF THE FISCAL YEAR, THE COMMITTEE PERFORMS THEIR DUE DILIGENCE REVIEW OF THE CEO'S GOALS AND PERFORMANCE AS WELL AS THE COMPARABLE DAT AND MAKES THE FINAL RECOMMENDATION TO THE BOARD OF DIRECTORS, WHICH HAS FINAL APPROVAL. COMPARABLE DATA INCLUDES FORM 990 OF OTHER STATE CPA SOCIETIES SIMILAR TO SIZE AND A COMPENSATION SURVEY CONDUCTED BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE). THE CEO DETERMINES THE SALARY OF THE CFO BASED ON AN ANNUAL PERFORMANCE REVIEW MEASURES AGAINST GOALS PRESET BY THE CEO. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g Campus Ambassadors California Society of Certified Public Accountants 500 Capitol Mall Suite 500 Sacramento CA 95814 941056137 Advance the profession of accountancy in CA CA 501(c)(6) N/A 0 California CPA Education Foundation 500 Capitol Mall Suite 500 Sacramento CA 95814 946130841 Providing continuing education to CPAs and financial professionals CA 501(c)(3) Line 10 California Society of CPAs 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 California Society of Certified Public Accountants o 330314 Cost of Transactions California Society of Certified Public Accountants e 606282 Year End Balance California Society of Certified Public Accountants c 324409 Cost of Transactions