2026-03-11T11:37:23-07:00 2025-04-30 990 2024-05-01 946130841 CALIFORNIA CERTIFIED PUBLIC ACCOUNTANTS EDU FDN CALI 6505223021 500 CAPITOL MALL SUITE 1760 SACRAMENTO CA 95814 Natalie Quan Chief Financial Officer 6505223021 2026-03-11 1 2024 2025-03-06 01:10:19Z Natalie Quan 500 CAPITOL MALL SUITE 1760 SACRAMENTO CA 95814 8996730 0 X https://www.calcpa.org/education X 1966 CA DELIVER QUALITY EDUCATION AND ADVANCE THE ACCOUNTING PROFESSION 14 14 26 215 0 0 497768 281713 7809231 6866952 138796 253402 6899 1710 8452694 7403777 692 0 0 0 4647407 4520729 0 0 0 4616281 4595595 9264380 9116324 -811686 -1712547 7485060 6904606 2874590 3807828 4610470 3096778 DELIVER QUALITY EDUCATION AND BUILD KNOWLEDGE TO FOSTER EXCELLENCE AND ADVANCE INDIVIDUALS AND THE ACCOUNTING PROFESSION THROUGH INNOVATION AND IN PARTNERSHIP WITH THE CPA PROFESSION 0 0 8158699 0 6866952 THE FOUNDATION PROVIDES CONTINUING PROFESSIONAL EDUCATION FOR CPAS AND OTHER INTERESTED PARTIES. IT OFFERS (1) COURSES AND CONFERENCES DEVELOPED TO COMPLY WITH THE STATEMENT ON STANDARDS FOR CONTINUING PROFESSIONAL EDUCATION (CPE) PROGRAMS JOINTLY ISSUED BY THE CALIFORNIA BOARD OF ACCOUNTANCY, NASBA AND THE AICPA; (2) CPE CREDIT IN REQUIRED CATEGORIES: ACCOUNTING & AUDITING, ETHICS, FRAUD AND GOVERNMENT/YELLOW BOOK; (3) COURSES APPROVED FOR CREDIT FOR ENROLLED AGENTS AND CERTIFIED TAX PREPARERS, CERTIFIED FINANCIAL PLANNERS, MCLE FOR ATTORNEYS AND MORE. FOR THE FISCAL YEAR 2024-2025, THE FOUNDATION HELD MORE THAN 1,600 COURSES AND 22 CONFERENCES WITH OVER 47,000 ATTENDEES AND OFFERED MORE THAN 290 SELF-STUDY PRODUCTS. 0 0 0 8158699 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 86 0 1 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X NATALIE QUAN 6505223021 500 Capitol Mall Suite 1760 Sacramento CA 95814 Denise Froemming President & Chief Executive Officer 20 20 X 280593 280593 15102 Natalie Quan Vice President & Chief Financial Officer 20 20 X 139856 139856 15662 Jennifer Weed Vice President Learning, Competency and Knowledge Products 28 12 X 192571 82531 15723 Emil Redzic Vice President of Information Technology 20 20 X 125464 125464 23227 Jill Pitchenik Vice President, Strategic Business Operations and DE&I 14 26 X 84364 156676 13437 Todd Boyd Senior Salesforce Developer 20 20 X 103012 103012 10419 Heather Collins Senior Director, Partnerships 40 0 X 188943 0 14069 Cheryl Callahan Senior Director, Marketing and Communications 20 20 X 93511 93511 13879 Sarah Hogan Senior Director, Learning Products 40 0 X 187578 0 10409 Ruben A Davila Chair 1 1.10 X X 0 0 0 Scott Donnelly First Vice Chair 1 0 X X 0 0 0 Taryn Hoffman-Torres Treasurer 1 0.10 X X 0 0 0 Charlotte Wall Vice Chair 1 0 X X 0 0 0 Andrea Cope Immediate Past Chair 1 0.1 X 0 0 0 Matthew Martin CalCPA Chair 1 1.10 X X 0 0 0 Heather Esposito Trustee 1 0 X 0 0 0 John Ryan Trustee 1 0 X 0 0 0 Kathy Johnson Trustee 1 0 X 0 0 0 Carisa Wisniewski Trustee 1 0 X 0 0 0 Alexander Barillas Trustee 1 0 X 0 0 0 Jannies Burlingame Trustee 1 0 X 0 0 0 Erin Daiber Trustee 1 0 X 0 0 0 Megan Thompson Trustee 1 0 X 0 0 0 Jennifer Benjamin - through 7-2024 Trustee 1 0 X 0 0 0 Jason Shreve - through 7-2024 Trustee 1 0 X 0 0 0 Adam Blitz - through 07-2024 Immediate Past Chair 1 0 X 0 0 0 Keith Hamasaki - through 7-2024 Trustee 1 0 X 0 0 0 1395892 981643 131927 12 0 1 0 0 0 0 0 0 0 281713 0 281713 Registration Fees 900099 6866952 6866952 0 0 0 0 0 0 6866952 194378 0 0 194378 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1651977 0 1592953 0 59024 0 59024 0 0 59024 0 0 0 0 0 0 Cancellation Fees 900099 1710 0 0 1710 0 0 0 0 1710 7403777 6866952 0 255112 0 0 0 0 0 0 0 0 869658 747058 122600 0 0 0 0 0 2896471 2461098 435373 0 168220 150457 17763 0 338346 312953 25393 0 248034 221426 26608 0 0 0 0 0 10079 9575 504 0 46834 44492 2342 0 0 0 0 0 0 0 11277 0 11277 0 256548 146705 109843 0 69678 69678 0 0 82533 52173 30360 0 681556 647247 34309 0 1279017 1279017 0 0 0 0 0 0 106049 81525 24524 0 0 0 0 0 1351404 1269673 81731 0 0 0 0 0 0 0 0 0 670799 637259 33540 0 29164 27706 1458 0 Brochure 657 657 0 0 9116324 8158699 957625 0 736173 250325 25496 35647 203178 203178 25841 59900 0 0 0 0 28356 62956 0 0 511866 444945 3323787 2168884 1635992 1154903 4318158 4692752 7485060 6904606 693009 486836 0 0 1723590 1761977 0 0 0 0 0 0 0 0 0 0 457991 1559015 2874590 3807828 X 4536974 3023282 73496 73496 4610470 3096778 7485060 6904606 -1712547 198855 0 0 0 0 X 0 1 X 1 0 X 723562 216759 445520 497768 281713 2165322 8635083 7785514 7566558 7809231 6866952 38663338 9358645 8002273 8012078 8306999 7148665 40828660 40828660 342233 415393 247248 178170 194378 1377422 342233 415393 247248 178170 194378 1377422 2405 6899 1710 11014 9700878 8417666 8261731 8492068 7344753 42217096 0.96711 0.96701 0.03263 0.03278 X Schedule A, Part III, Line 12 Other income of $1,710 represents Cancellation Fees received. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73496 0 0 0 0 0 73496 74188 0 0 692 0 0 73496 74553 0 0 365 0 0 74188 74904 0 0 351 0 0 74553 75262 0 0 358 0 0 74904 0 0.6803 0.3197 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50268 50268 0 0 3273519 2118616 1154903 1154903 0 Due to related organizations 1559015 1559015 X Schedule D, Part V, Line 4 THE PERMANENT ENDOWMENT IS FOR THE JOHN F. FORBES MEDAL AWARD. THE EARNINGS FROM THE ENDOWMENT ARE DONOR-RESTRICTED AND SHOULD BE USED TO FUND THE FORBES MEDAL AWARD, WHICH IS AN AWARD BESTOWED ON THE INDIVIDUAL RECEIVING THE HIGHEST GRADE ON THE CALIFORNIA UNIFORM CERTIFIED PUBLIC ACCOUNTANT EXAMINATION. IN ADDITION, SUCH A PORTION OF THE ACCUMULATED EARNINGS ACCOUNT THAT IS IN EXCESS OF 25% OF THE FAIR MARKET VALUE OF THE CORPUS MAY BE USED FOR OTHER PROJECTS THAT FURTHER THE ACCOUNTING PROFESSION AND THE REMEMBRANCE OF JOHN F. FORBES. Schedule D, Part X, Line 2 THE CALCPA FOUNDATION 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 FOUNDATION 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. X X X X X 0 0 0 0 0 0 0 1 0 Denise Froemming President & Chief Executive Officer 243093 243093 37500 37500 0 0 7432 7432 119 119 288144 288144 0 0 Natalie Quan Vice President & Chief Financial Officer 134856 134856 5000 5000 0 0 7712 7712 119 119 147687 147687 0 0 Jennifer Weed Vice President Learning, Competency and Knowledge Products 182071 78031 10500 4500 0 0 10839 4645 167 72 203577 87248 0 0 Emil Redzic Vice President of Information Technology 120464 120464 5000 5000 0 0 7042 7042 4572 4572 137078 137078 0 0 Jill Pitchenik Vice President, Strategic Business Operations and DE&I 81739 151801 2625 4875 0 0 4620 8579 83 155 89067 165410 0 0 Todd Boyd Senior Salesforce Developer 101762 101762 1250 1250 0 0 5114 5114 95 95 108221 108221 0 0 Heather Collins Senior Director, Partnerships 188943 0 0 0 0 0 11069 0 3000 0 203012 0 0 0 Cheryl Callahan Senior Director, Marketing and Communications 92261 92261 1250 1250 0 0 5439 5439 1500 1500 100450 100450 0 0 Sarah Hogan Senior Director, Learning Products 184078 0 3500 0 0 0 10409 0 0 0 197987 0 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 THROUGHOUT THE YEAR. AFTER THE END OF THE FISCAL YEAR, THE COMMITTEE PERFORMS THEIR DUE DILIGENCE REVIEWS 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. COMPENSATION IS ISSUED FROM SOCIETY WITH A PERCENTAGE ALLOCATED TO FOUNDATION. THE PERCENTAGE IS DETERMINED BY THE AMOUNT OF HOURS DEDICATED TO EACH ENTITY. THE STANDARD PERCENTAGE IS TYPICALLY 50/50 OR 100%. Schedule J, Part I, Line 7 BONUSES ARE DISCRETIONARY FOR STAFF. THE CEO'S BONUS IS DISCRETIONARY AND DECIDED ON BY THE COMPENSATION COMMITTEES MADE UP OF BOTH BOARDS AND THERE IS A MAXIMUM AMOUNT THAT CAN BE RECEIVED. Form 990, Part I, Line 6 THESE VOLUNTEERS ARE MEMBERS OF THE VARIOUS PLANNING COMMITTEES FOR COURSES AND CONFERENCES, PRO BONO SPEAKERS ON MOST CONFERENCES, AND MEMBERS OF THE BOARD OF TRUSTEES. Form 990, Part VI, Section A, Line 6 THERE IS ONE CLASS OF MEMBERS OF THE CALIFORNIA CERTIFIED PUBLIC ACCOUNTANTS EDUCATION FOUNDATION. THE MEMBERS SHALL BE THOSE PERSONS SERVING AS MEMBERS OF THE CALCPA COUNCIL OF THE CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTS (CALCPA). Form 990, Part VI, Section A, Line 7a THE MEMBERS ANNUALLY SHALL ELECT TRUSTEES TO HOLD OFFICE FOR TERMS, OTHER THAN TRUSTEES SERVING BY DESIGNATION. Form 990, Part VI, Section A, Line 7b (1) THE FOUNDATION NOMINATING COMMITTEE SHALL BE COMPRISED OF FIVE MEMBERS; THE IMMEDIATE PAST PRESIDENT OF THE FOUNDATION; A FORMER CHAIRPERSON OF CALCPA'S COUNCIL; TWO MEMBERS OF THE FOUNDATION ELECTED BY THE MEMBERS OF THE FOUNDATION AT THE ANNUAL MEETING FOR STAGGERED TWO YEAR TERMS; AND THE PAST PRESIDENT OF THE FOUNDATION ONCE REMOVED WHO WILL SERVE AS A CHAIRPERSON. IN THE EVENT THE FOUNDATION PAST PRESIDENT ONCE REMOVED IS UNABLE TO SERVE AS CHAIRPERSON, THEN THE FOUNDATION PAST PRESIDENT TWICE REMOVED SHALL SERVE AS CHAIRPERSON. (2) THE DUTIES OF THE NOMINATING COMMITTEE SHALL BE TO NOMINATE OFFICERS AND TRUSTEES BY AN AFFIRMATIVE SIMPLE MAJORITY VOTE OF THE COMMITTEE. A REPORT OF THE COMMITTEE SHALL BE APPROVED IN WRITING BY AN AFFIRMATIVE SIMPLE MAJORITY VOTE OF THE COMMITTEE AND SHALL BE FILED WITH THE SECRETARY NO LATER THAN SIXTY DAYS BEFORE THE ANNUAL MEETING. NOMINATIONS FOR OFFICERS AND TRUSTEES AS FILED WITH THE SECRETARY SHALL BE MAILED. 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 FOUNDATION ANNUALLY REQUIRES THAT ALL MEMBERS OF THE BOARD OF TRUSTEES 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 TRUSTEES OF CALCPA. Form 990, Part VI, Section B, Line 15 CALCPA FOUNDATION IS ORGANIZED AND OPERATING TO PERFORM THE FUNCTIONS OR TO CARRY OUT THE PURPOSE OF THE CALIFORNIA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS ("CALCPA"). FOUNDATION IS UNDER THE SAME MANAGEMENT AS CALCPA. THE BOARD OF TRUSTEES IS DELEGATED RESPONSIBILITY TO REVIEW THE CEO'S GOALS, PERFORMANCE, AND COMPENSATION TO THE CEO GOALS AND OBJECTIVES 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 TRUSTEES, 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 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. California Society of Certified Public Accountants 500 Capitol Mall Suite 1760 Sacramento CA 95814 941056137 Professional Association of CPAs CA 501(c)(6) N/A 0 CalCPA Institute 500 Capitol Mall Suite 1760 Sacramento CA 95814 200978565 Provide scholarships to accounting students and promote financial literacy CA 501(c)(3) Line 12A California Society of CPAs 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 1 1 California Society of Certified Public Accountants o 1946593 Cost of Transactions California Society of Certified Public Accountants s 7879398 Cost of Transactions California Society of Certified Public Accountants e 2225701 Year End Balance California Society of Certified Public Accountants r 7294809 Cost of Transactions