Chartered Alternative Investment Analyst Association Inc
- Assets
- $9.4m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 54
- Location
- Amherst, MA
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 37-1428113
Organization Overview
Chartered Alternative Investment Analyst Association Inc is located in Amherst, MA. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Chartered Alternative Investment Analyst Association Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chartered Alternative Investment Analyst Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Chartered Alternative Investment Analyst Association Inc generated $9.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $11.3m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION, INC. (CAIA) IS A GLOBAL PROFESSIONAL CREDENTIALING BODY DEDICATED TO CREATING GREATER ALIGNMENT, TRANSPARENCY, AND KNOWLEDGE FOR ALL INVESTORS, WITH A SPECIFIC EMPHASIS ON ALTERNATIVE INVESTMENTS. A MEMBER-DRIVEN ORGANIZATION REPRESENTING PROFESSIONALS IN MORE THAN 95 COUNTRIES, CAIA ASSOCIATION ADVOCATES FOR THE HIGHEST ETHICAL STANDARDS. ESTABLISH THE CHARTERED ALTERNATIVE INVESTMENT ANALYST DESIGNATION AS AN EDUCATIONAL STANDARD IN THE INVESTMENT INDUSTRY, PROVIDE MEMBERS WITH COMPREHENSIVE KNOWLEDGE OF ALTERNATIVE INVESTMENTS, ADVOCATE HIGH STANDARDS OF PROFESSIONAL CONDUCT, PROMOTE PROFESSIONAL DEVELOPMENT THROUGH ONGOING EDUCATION, FACILITATE COMMUNICATION AMONG INDUSTRY PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF CAIA EXAM, AWARDING THE CAIA DESIGNATION, ADVOCATING FOR HIGH PROFESSIONAL STANDARDS, AND CONTRIBUTING TO THE BODY OF KNOWLEDGE RELATED TO ALTERNATIVE INVESTING. NEW L1 INCREASED IN MAR 2023 WE HIT A 2-YEAR HIGH IN CANDIDATE COUNT AT 2,832. BUNDLED CURRICULUM GIVES ACCESS AND CONTROL OF CONTENT TO HELP STUDENTS BETTER PREPARE TO STUDY FOR THE EXAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Kelly Ceo/president/treasurer | OfficerTrustee | 40 | $523,295 |
Ruth Carolan Clerk/chief Operating Officer | Officer | 40 | $197,942 |
John Bowman Senior Managing Director | 40 | $367,605 | |
Hossein Kazemi Senior Advisor, Programming | 30 | $216,066 | |
Kristaps Licis Senior Associate Director | 40 | $218,570 | |
Valerie Sill Chair Of The Board | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adp Total Source Payroll And Hr | 12/30/22 | $410,667 |
With Intelligence Publishing | 12/30/22 | $396,800 |
Ncs Pearson Inc Exam Administration | 12/30/22 | $352,584 |
Rooney Partners Llc Marketing Support | 12/30/22 | $203,823 |
Orrick Herrington & Sutcliffe Llp Legal Services | 12/30/22 | $153,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,000 |
| Total Program Service Revenue | $9,085,084 |
| Investment income | $16,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $109,138 |
| 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 | $9,521,517 |
| 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. | $1,641,508 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,148,460 |
| Pension plan accruals and contributions | $1,870 |
| Other employee benefits | $360,144 |
| Payroll taxes | $410,769 |
| Fees for services: Management | $1,701,133 |
| Fees for services: Legal | $244,618 |
| Fees for services: Accounting | $118,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,090 |
| Fees for services: Other | $710,508 |
| Advertising and promotion | $70,411 |
| Office expenses | $262,143 |
| Information technology | $408,700 |
| Royalties | $0 |
| Occupancy | $151,618 |
| Travel | $289,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,815 |
| Insurance | $66,997 |
| All other expenses | $49,923 |
| Total functional expenses | $11,251,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,856,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $688,926 |
| Accounts receivable, net | $164,958 |
| 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 | $165,616 |
| Net Land, buildings, and equipment | $5,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,554,185 |
| Total assets | $9,436,100 |
| Accounts payable and accrued expenses | $1,073,506 |
| Grants payable | $0 |
| Deferred revenue | $4,883,641 |
| 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 | $2,066,263 |
| Total liabilities | $8,023,410 |
| Net assets without donor restrictions | $1,262,690 |
| Net assets with donor restrictions | $150,000 |
| 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 | $9,436,100 |