2016-10-04T15:04:49-05:00 2015-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2015-01-01 371428113 CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC CHAR 4132537373 100 UNIVERSITY DRIVE AMHERST MA 01002 WILLIAM J KELLY PRESIDENT & CEO 4132537373 2016-10-04 1 LYNNE JOHNSON P00757336 6179129000 2015 2017-02-10 21:41:12Z WILLIAM J KELLY 100 UNIVERSITY DRIVE AMHERST MA 01002 10134280 0 X WWW.CAIA.ORG X 2002 MA 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. 10 9 43 350 0 0 0 0 9435256 10109449 5155 5163 69953 19668 9510364 10134280 0 0 0 0 3677804 3808730 0 0 0 4861439 5007675 8539243 8816405 971121 1317875 6636413 8537464 4440012 5016152 2196401 3521312 X 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. 0 0 ADMINISTRATION OF CAIA EXAM, AWARDING THE CAIA DESIGNATION, ADVOCATING FOR HIGH PROFESSIONAL STANDARDS, AND CONTRIBUTING TO THE BODY OF KNOWLEDGE RELATED TO ALTERNATIVE INVESTING. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 14 0 1 43 1 0 1 UK SN HK 0 0 0 0 X 10 9 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 0 1 1 0 X CYNTHIA COTE 4135493330 100 UNIVERSITY DRIVE AMHERST MA 01002 THOMAS SCHNEEWEIS DIRECTOR 1.00 1.00 X 0 0 0 ALEXANDER INEICHEN DIRECTOR 1.00 0.00 X 0 0 0 JANE BUCHAN DIRECTOR 1.00 0.00 X 0 0 0 ANDREW BAKER DIRECTOR 1.00 0.30 X 0 0 0 ROBERT DE RITO DIRECTOR 1.00 0.00 X 0 0 0 MARK JP ANSON DIRECTOR 1.00 0.00 X 0 0 0 JACK INGLIS DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM J KELLY PRESIDENT & CEO 40.00 10.00 X X 393429 0 9789 MELISSA J MA DIRECTOR 1.00 0.00 X 0 0 0 SIMON RUDDICK DIRECTOR 1.00 0.00 X 0 0 0 RUTH CAROLAN MANAGING DIR. INTERNAL OPERATIONS 40.00 0.50 X 118597 0 26996 CYNTHIA COTE CONTROLLER & ASSISTANT TREASURER 40.00 0.50 X 108846 0 27076 HOSSEIN KAZEMI SENIOR ADVISOR, CAIA PROGRAM 27.00 0.50 X 168439 0 8381 KEITH BLACK MANAGING DIR. CURRICULUM & EXAMS 40.00 0.50 X 194560 0 28996 NELSON LACEY DIRECTOR OF EXAMS 27.00 0.00 X 140924 0 6128 KRISTAPS LICIS SR. ASSOC. DIRECTOR OF EXAM 40.00 0.00 X 140868 0 25877 DEBORAH MCLEAN MANAGING DIR. OF EXTERNAL RELATIONS 40.00 0.50 X 139450 0 8026 MILLISSA ALLEN DIR. BUSINESS DEVELOPMENT, AMERICAS 40.00 0.00 X 167354 0 27827 DAVID BELLIVEAU DIRECTOR IT 40.00 0.00 X 124057 0 24647 1696524 0 193743 11 0 1 0 NCS PEARSON INC ONE LAKE STREET UPPER SADDLE RIVER NJ 07458 EXAM ADMINISTRATOR 674447 INSTITUTIONAL INVESTOR JOURNALS 225 PARK AVENUE SOUTH NEW YORK NY 10003 MEMBERS JOURNAL PUBLISHING 346250 FIRST DATA 4000 CORAL RIDGE DRIVE CORAL SPRINGS FL 33065 MERCHANT SERVICES 197649 3 EXAM REGISTRATION FEES 900099 5689007 5689007 MEMBERSHIP FEES 900099 2540950 2540950 ENROLLMENT FEES 900099 1086800 1086800 FUNDAMENTALS 900099 693119 693119 EVENT INCOME 900099 42819 42819 56754 56754 10109449 5163 5163 16972 16972 OTHER INCOME 900099 2696 2696 2696 10134280 10109449 0 24831 1085109 2220730 50390 196402 256099 174357 131573 7662 143353 91310 174640 245213 229214 304467 186229 177335 MANAGEMENT FEE 1350806 EXAM ADMINISTRATION 1129662 MEMBER SERVICES 315070 CHAPTER SERVICES 270058 76726 8816405 2402461 4385039 3467112 3471782 34541 58076 172762 186777 2248644 1812854 530918 435790 28619 0 6636413 8537464 681722 929780 3750316 4011756 7974 74616 4440012 5016152 X 2196401 3521312 2196401 3521312 6636413 8537464 X 1317875 7036 X 0 1 X 1 0 733623 525811 207812 497779 447478 50301 1017242 839565 177677 435790 OTHER CURRENT LIABILITIES 7974 DUE TO AFFILIATED ORGANIZATION 66642 74616 X PART X, LINE 2: CAIA FOLLOWS FASB ASC 740, "INCOME TAXES," WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINLY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. CAIA RECOGNIZES A TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITY. MANAGEMENT EVALUATED CAIA'S TAX POSITIONS AND CONCLUDED THAT CAIA HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF DECEMBER 31, 2015 AND 2014. CAIA IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2012. CAIA WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF TAX EXPENSE. EAST ASIA/PACIFIC 2 4 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT 786238 EUROPE 2 2 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT 381100 NORTH AMERICA 0 0 PROGRAM SERVICES MEMBER SUPPORT 18069 EUROPE 0 0 PROGRAM SERVICES MEMBER SUPPORT 36883 EAST ASIA/PACIFIC 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 95640 EUROPE 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 152280 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 14040 NORTH AMERICA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 33360 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES MEMBER SUPPORT 20763 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 12000 SOUTH ASIA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 6840 SOUTH AMERICA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 4800 4 6 0 0 4 6 1517610 44403 1562013 1 0 1 0 0 1 X X 0 0 0 WILLIAM J KELLY PRESIDENT & CEO 375000 0 17500 0 929 0 7950 0 1839 0 403218 0 17500 0 HOSSEIN KAZEMI SENIOR ADVISOR, CAIA PROGRAM 167504 0 0 0 935 0 5025 0 3356 0 176820 0 0 0 KEITH BLACK MANAGING DIR. CURRICULUM & EXAMS 194290 0 0 0 270 0 6000 0 22996 0 223556 0 0 0 KRISTAPS LICIS SR. ASSOC. DIRECTOR OF EXAM 140697 0 0 0 171 0 4362 0 21515 0 166745 0 0 0 MILLISSA ALLEN DIR. BUSINESS DEVELOPMENT, AMERICAS 167027 0 0 0 327 0 5146 0 22681 0 195181 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED AND RESTATED ON SEPTEMBER 9, 2015. CHANGES INCLUDED: THE SERVING PRESIDENT IS NOW A VOTING BOARD MEMBER, UPON RESIGNATION HE OR SHE IS SIMULTANEOUSLY REMOVED FROM THE BOARD AND INELIGIBLE TO SERVE THEREAFTER AS A DIRECTOR ON THE BOARD; THE CHAIRMAN OF THE BOARD WILL ALWAYS BE A NON-EXECUTIVE DIRECTOR, THE BOARD WILL CONTINUE TO HAVE EXECUTIVE SESSIONS COMPRISED OF NON-EXECUTIVE (NON-EMPLOYEE) DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE CONTROLLER/ASSISTANT TREASURER WILL SEND AN ELECTRONIC COPY OF THE FORM 990 TO THE ENTIRE GOVERNING BODY FOR REVIEW AND DISCUSSION PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD RISE TO CONFLICTS. THE CONFLICT OF INTEREST POLICY WAS FORMALLY REVIEWED AND REVISED IN MAY 2015 BY THE BOARD; ALL NEW BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD OF DIRECTORS DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE ANY BOARD OF DIRECTORS OR COMMITTEE MEETINGS WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON, OR OTHERWISE NOT PARTICIPATE IN ANY DISCUSSION OR CONSENT RELATING THERETO. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT ANY BOARD OF DIRECTORS OR COMMITTEE MEETING, OR OTHERWISE PROVIDE RELEVANT INFORMATION. HE OR SHE SHALL NOT PARTICIPATE IN ANY DISCUSSION, VOTE, OR ANY CONSENT RELATING TO THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B) THE CHAIRPERSON OF THE BOARD OF DIRECTORS OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE BOARD OF DIRECTORS OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 A. THE BOARD OF DIRECTORS UTILIZES THE FORM 990 OF OTHER ORGANIZATIONS TO ESTABLISH THE COMPENSATION RANGE FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER AND TOP MANAGEMENT OFFICIALS. B. KEY EMPLOYEES SALARIES ARE SET BY THE PRESIDENT/CHIEF EXECUTIVE OFFICER IN CONJUNCTION WITH COMPENSATION STUDY DATA OBTAINED BY THE MANAGING DIRECTOR INTERNAL OPERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FORM 990, AND THE FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA THE GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY ADJUSTMENT 7,036. 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