Calcpa Institute
- Assets
- $3.0m
- Revenue
- $508.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 09/2004
- Data as of
- 04/2023
- EIN
- 20-0978565
Organization Overview
Calcpa Institute is located in Sacramento, CA. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calcpa Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, Calcpa Institute generated $508.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $1.2m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Calcpa Institute has awarded 20 individual grants totaling $180,264. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE FINANCIAL EDUCATION AND IMPROVE FINANCIAL LITERACY OF THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Froemming President And CEO | Officer | 0.1 | $0 |
Natalie Quan VP And CFO Of Financial Strategy And Business Excellence | Officer | 0.1 | $0 |
Heather Collins Senior Director-De&i, Pipeline And Engagement | 40 | $0 | |
Christie Simons Past Chair (immediate) | OfficerTrustee | 0.1 | $0 |
Tayiika Dennis Chair | OfficerTrustee | 0.1 | $0 |
Meredith Johnson First Vice Chair | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $328,019 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,394 |
| Total Program Service Revenue | $39,081 |
| Investment income | $89,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,772 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $508,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,600 |
| Grants and other assistance to domestic individuals. | $344,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $409,692 |
| Pension plan accruals and contributions | $25,592 |
| Other employee benefits | $81,852 |
| Payroll taxes | $28,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,011 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,756 |
| Fees for services: Other | $21,728 |
| Advertising and promotion | $15,983 |
| Office expenses | $23,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $54,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,180,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,189 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,844,659 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,041,053 |
| Accounts payable and accrued expenses | $157,740 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $795,858 |
| Total liabilities | $953,598 |
| Net assets without donor restrictions | $2,087,455 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,041,053 |
Grants Awarded
Over the last fiscal year, Calcpa Institute has awarded $17,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA STATE UNIVERSITY FRESNO FOUNDATION PURPOSE: Scholarship Grant | $12,000 |
CABRILLO COLLEGE FOUNDATION PURPOSE: Scholarship Grant | $5,600 |