Chicago Quantitative Alliance
- Assets
- $137.9k
- Revenue
- $261.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Palatine, IL
- Founding
- Data as of
- 12/2023
- EIN
- 36-3904576
Organization Overview
Chicago Quantitative Alliance is located in Palatine, IL. Chicago Quantitative Alliance is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Chicago Quantitative Alliance generated $261.1k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $256.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHICAGO QUANTITATIVE ALLIANCE (CQA) IS A BUSINESS LEAGUE AS DEFINED UNDER UNTERNAL REVENUE CODE SECTION 501(C)(4) AND REG. 1.501(C)(4)-1. CQA'S PURPOSE IS TO FURTHER QUANTITATIVE INVESTMENT TECHNIQUES BY: 1) PROMOTING REGULAR COMMUNICATION AND AN EXCHANGE OF IDEAS AMONG INVESTMENT PROFESSIONALS EMPLOYING SUCH TECHNIQUES, AND 2) SPONSORING CONFERENCES AND REALTED MEETINGS ON QUANTITATIVE INVESTMENT TECHNIQUES GEARED TOWARDS PRACTITIONERS AND WHICH ENCOURAGES ACTIVE PARTITIPATION OF ALL ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS A SPRING, FALL AND ASIAN CONFERENCE WITH OVER 60% OF MEMBERSHIP IN ATTENDANCE WITH A NUMBER OF PRESENTATIONS ON QUANTITATIVE AND RELATED INVESTMENT ISSUES GIVEN BY ACADEMICS, STUDENTS, AND PRACTITIONERS. A HALF DAY TRADING CONFERENCE IS OPEN TO MEMBERS AND THEIR GUESTS ON THE CURRENT STATE OF EQUITY TRADING AND EXECUTION ISSUES.
MAINTAINS THE CQA WEBSITE AND E-MAIL NETWORK TO PROMOTE THE FREE FLOW OF INFORMATION, IDEAS, AND QUESTIONS ON QUANTITATIVE TECHNIQUES AND INVESTING IN GENERAL AMONG MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Brown Director | Trustee | $0 | |
Melissa Brown Director | Trustee | $0 | |
Dan Cardell Lead Directo | Trustee | $0 | |
Dave Coughenour Director | Trustee | $0 | |
Dan Dibartolomeo Director | Trustee | $0 | |
Todd Doersch Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $261,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,100 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,500 |
| Advertising and promotion | $0 |
| Office expenses | $2,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $275 |
| All other expenses | $0 |
| Total functional expenses | $256,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,864 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $137,864 |
| Total liabilities and net assets/fund balances | $137,864 |