Calcpa Institute
- Assets
- $3.3m
- Revenue
- $494.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlingame, CA
- Founding
- 09/2004
- Data as of
- 04/2021
- EIN
- 20-0978565
Organization Overview
Calcpa Institute is located in Burlingame, 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 04/2021, Calcpa Institute generated $494.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $350.4k during the year ending 04/2021. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Calcpa Institute has awarded 19 individual grants totaling $168,305. 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
2021
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 205 COLLEGE AND UNIVERSITY STUDENTS WITHIN CALIFORNIA PURSUING CPA CAREERS FINANCIAL LITERACY: CALCPA INSTITUTE ALSO HELD NUMEROUS FINANCIAL LITERACY WORKSHOPS AND EVENTS ATTENDED BY OVER 1,750 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, ASSISTANCE PROGRAMS AND TELEVISION AND RADIO NEWS SHOWS.
STUDENT OUTREACH: THE CAMPUS AMBASSADOR 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. "SO YOU WANT TO BE A CPA" AND "FROM COMMUNITY COLLEGE TO CPA" ARE TWO PROGRAMS OFFERED ON COLLEGE CAMPUSES AND VIRTUALLY ACROSS THE STATE. CALCPA INSTITUTE ALSO RUNS THE DIVERSITY AND INCLUSION HIGH SCHOOL OUTREACH PROJECT. ITS MAIN GOAL IS TO INCREASE THE AWARENESS OF ACCOUNTING CAREERS AMONG UNDERREPRESENTED AND UNDERSERVED MINORITY STUDENT POPULATIONS THROUGH THE STATE OF CALIFORNIA. THE PROJECT INVOLVES CLASSROOM VISITS BY CPAS TO SPEAK ABOUT CAREER OPPORTUNITIES INCLUDING FINANCIAL LITERACY LESSONS TO ENCOURAGE THE PURSUIT OF COLLEGE EDUCATION AS A PATH TO A CPA CAREER. LASTLY, CALCPA INSTITUTE CONTINUES ITS "FROM COMMUNITY COLLEGE TO CPA" A SERIES OF EVENTS SPECIFICALLY TARGETING COMMUNITY COLLEGE STUDENTS WITH CPA CAREER INFORMATION.
CALCPA LEADERSHIP INSTITUTE IS A 5-DAY PROGRAM DESIGNED TO TEACH CALCPA MEMBERS SKILLS THAT WILL MAKE THEM BETTER LEADERS AND MANAGERS. PARTICIPANTS WILL 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. DUE TO COVID-19, THE LEADERSHIP INSTITUTE PROGRAM WAS PUT ON HOLD.
SCHOLARSHIPS: CALCPA INSTITUTE AWARDED CHAPTER SCHOLARSHIPS WITH FUNDS RAISED BY THE FOURTEEN CHAPTERS AND OTHER EDUCATIONAL ASSISTANCE TO OVER 205 COLLEGE AND UNIVERSITY STUDENTS WITHIN CALIFORNIA PURSUING CPA CAREERS FINANCIAL LITERACY: CALCPA INSTITUTE ALSO HELD NUMEROUS FINANCIAL LITERACY WORKSHOPS AND EVENTS ATTENDED BY OVER 1,750 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, ASSISTANCE PROGRAMS AND TELEVISION AND RADIO NEWS SHOWS.
STUDENT OUTREACH: THE CAMPUS AMBASSADOR 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. "SO YOU WANT TO BE A CPA" AND "FROM COMMUNITY COLLEGE TO CPA" ARE TWO PROGRAMS OFFERED ON COLLEGE CAMPUSES AND VIRTUALLY ACROSS THE STATE. CALCPA INSTITUTE ALSO RUNS THE DIVERSITY AND INCLUSION HIGH SCHOOL OUTREACH PROJECT. ITS MAIN GOAL IS TO INCREASE THE AWARENESS OF ACCOUNTING CAREERS AMONG UNDERREPRESENTED AND UNDERSERVED MINORITY STUDENT POPULATIONS THROUGH THE STATE OF CALIFORNIA. THE PROJECT INVOLVES CLASSROOM VISITS BY CPAS TO SPEAK ABOUT CAREER OPPORTUNITIES INCLUDING FINANCIAL LITERACY LESSONS TO ENCOURAGE THE PURSUIT OF COLLEGE EDUCATION AS A PATH TO A CPA CAREER. LASTLY, CALCPA INSTITUTE CONTINUES ITS "FROM COMMUNITY COLLEGE TO CPA" A SERIES OF EVENTS SPECIFICALLY TARGETING COMMUNITY COLLEGE STUDENTS WITH CPA CAREER INFORMATION.
CALCPA LEADERSHIP INSTITUTE IS A 5-DAY PROGRAM DESIGNED TO TEACH CALCPA MEMBERS SKILLS THAT WILL MAKE THEM BETTER LEADERS AND MANAGERS. PARTICIPANTS WILL 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. DUE TO COVID-19, THE LEADERSHIP INSTITUTE PROGRAM WAS PUT ON HOLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jolene Fraser Chair | OfficerTrustee | 0.1 | $0 |
Tayiika Dennis Secretary/treasuerer | OfficerTrustee | 0.1 | $0 |
Christie Simons First Vice Chair | OfficerTrustee | 0.1 | $0 |
Robert Reynolds Past Chair | OfficerTrustee | 0.1 | $0 |
Anthony Pugliese President And CEO - Through 04-03-2021 | Officer | 1 | $0 |
Richard Simitian Interim CEO - Eff 3/01/2021 | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $432,885 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $474,129 |
| Total Program Service Revenue | $0 |
| Investment income | $74,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$54,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $494,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,141 |
| Grants and other assistance to domestic individuals. | $253,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,779 |
| Fees for services: Other | $35,525 |
| Advertising and promotion | $2,000 |
| Office expenses | $10,633 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $83 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $350,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,422 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,996,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,309,397 |
| Accounts payable and accrued expenses | $9,600 |
| 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 | $359,963 |
| Total liabilities | $369,563 |
| Net assets without donor restrictions | $2,939,834 |
| 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 | $3,309,397 |
Grants Awarded
Over the last fiscal year, Calcpa Institute has awarded $45,282 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Fresno, CA PURPOSE: Scholarship grant | $9,000 |
Fresno, CA PURPOSE: Scholarship grant | $9,000 |
Aptos, CA PURPOSE: Scholarship grant | $7,641 |
Aptos, CA PURPOSE: Scholarship grant | $7,641 |
San Luis Obispo, CA PURPOSE: Scholarship grant | $6,000 |
San Luis Obispo, CA PURPOSE: Scholarship grant | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Calcpa Institute has recieved totaling $369,868.
| Awarding Organization | Amount |
|---|---|
California Society Of Certified Public Accountants Burlingame, CA PURPOSE: THE PURPOSE OF GRANT OR ASSISTANCE: SUPPORT FOR CALCPA INSTITUTE INCLUDES TRANSFERS OF NET PROCEEDS FROM FUNDRAISING EVENTS HELD BY CALCPA CHAPTERS TO BENEFIT THE SCHOLARSHIP FUNDS, AS WELL AS MONETARY CONTRIBUTION TO SUPPORT THE ADMINISTRATION OF CALCPA INSTITUTE. | $369,368 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Options For Youth - Acton Pasadena, CA | $9,356,089 | $27,087,942 |
Berggruen Institute Los Angeles, CA | $7,691,670 | $14,445,646 |
Vision Y Compromiso El Cerrito, CA | $5,188,501 | $11,619,190 |
The Broad Center Los Angeles, CA | $3,813,633 | $10,084,361 |
National Equity Project Oakland, CA | $16,206,654 | $13,208,887 |
Casas Comprehensive Adult Student Assessment Systems San Diego, CA | $7,496,351 | $8,078,168 |
Jobs For Nevadas Graduates Inc Las Vegas, NV | $2,371,026 | $5,045,525 |
Viva Physicians Inc Palm Springs, CA | $23,221,286 | $5,506,798 |
San Francisco Electrical Industry Apprenticeship And Training Trust San Francisco, CA | $24,618,240 | $4,990,979 |
San Diego Electrical Training Administrative Services Corporatio San Diego, CA | $236,215 | $3,424,350 |
Sustainable Economies Law Center Oakland, CA | $7,697,657 | $7,133,049 |
Oregon And Southern Idaho Laborers- Employers Training Tr Portland, OR | $12,918,228 | $3,291,567 |