2015-08-14T14:36:20-05:00 2014-12-31 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2014-01-01 371428113 CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC CHAR 4132537373 100 UNIVERSITY DRIVE AMHERST MA 01002 WILLIAM J KELLY CEO 4132537373 2015-08-14 1 LYNNE JOHNSON P00757336 6179129000 2014 2016-03-07 17:11:31Z WILLIAM J KELLY 100 UNIVERSITY DRIVE AMHERST MA 01002 9510364 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. 6 6 46 100 0 0 0 0 8408268 9435256 -126666 5155 29077 69953 8310679 9510364 0 0 0 0 3260616 3677804 0 0 0 5457067 4861439 8717683 8539243 -407004 971121 5626118 6636413 4361307 4440012 1264811 2196401 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. 1 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 22 0 1 46 1 0 1 UK SN HK 0 0 0 0 X 6 6 0 0 0 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 10000 0 0 ALEXANDER INEICHEN DIRECTOR 1.00 0.00 X 10000 0 0 JANE BUCHAN DIRECTOR 1.00 0.00 X 0 0 0 ANDREW BAKER DIRECTOR 1.00 0.00 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 PETER DOUGLAS DIRECTOR - THRU APR. 2014 1.00 0.50 X 0 0 0 FLORENCE LOMBARD PRESIDENT & CEO - THRU MAR. 2014 40.00 1.00 X 140157 0 4721 RUTH CAROLAN MANAGING DIR. INTERNAL OPERATIONS 40.00 0.50 X 110958 0 23950 WILLIAM KELLY PRESIDENT & CEO 40.00 1.00 X 361362 0 1257 CYNTHIA COTE CONTROLLER & ASSISTANT TREASURER 40.00 0.50 X 105174 0 11140 HOSSEIN KAZEMI SENIOR ADVISOR, CAIA PROGRAM 27.00 0.50 X 175939 0 8140 KEITH BLACK MANAGING DIR. OF CURRICULUM & EXAMS 40.00 0.50 X 226568 0 27055 NELSON LACEY DIRECTOR OF EXAMS 27.00 0.00 X 143924 0 5979 DONALD CHAMBERS ASSOC. DIR. OF CURRICULUM 18.00 0.00 X 129604 0 3813 KRISTAPS LICIS SR. ASSOC. DIRECTOR OF EXAMS 40.00 0.00 X 138342 0 22958 DEBORAH MCLEAN MANAGING DIR. OF EXTERNAL RELATIONS 40.00 0.50 X 135549 0 7957 MILLISSA ALLEN DIR. BUSINESS DEVELOPMENT, AMERICAS 40.00 0.00 X 163680 0 19483 1851257 0 136453 12 0 1 0 NCS PEARSON INC ONE LAKE STREET UPPER SADDLE RIVER NJ 07458 EXAM ADMINISTRATOR 669866 INSTITUTIONAL INVESTOR JOURNALS 225 PARK AVENUE SOUTH NEW YORK NY 10003 MEMBERS JOURNAL PUBLISHING 375000 MCGLADREY LLP 80 CITY SQUARE CHARLESTOWN MA 02129 AUDIT, TAX, PROJECT MGMT 133316 3 EXAM REGISTRATION FEES 900099 5494670 5494670 MEMBERSHIP FEES 900099 2294395 2294395 ENROLLMENT FEES 900099 1069625 1069625 FUNDAMENTALS 900099 456105 456105 MANAGEMENT FEES 900099 40474 40474 79987 79987 9435256 5155 5155 55895 55895 OTHER INCOME 900099 14058 14058 14058 9510364 9435256 0 75108 1216421 1985159 41650 185971 248603 193400 68386 5675 115601 53569 106178 267822 244685 75583 100327 170810 21882 MANAGEMENT FEE 1165209 EXAM ADMINISTRATION 1107680 MEMBER SERVICES 554860 CHAPTER SERVICES 227099 382673 8539243 1311490 2402461 3459436 3467112 35164 34541 126213 172762 2166437 1635519 585011 530918 108804 28619 5626118 6636413 735364 681722 3617969 3750316 7974 7974 4361307 4440012 X 1264811 2196401 1264811 2196401 5626118 6636413 X 971121 -39531 X 0 1 X 1 0 733623 452618 281005 492943 409022 83921 939871 773879 165992 530918 OTHER CURRENT LIABILITIES 7974 7974 X PART X, LINE 2: THE ASSOCIATION 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. THE ASSOCIATION 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 THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES AS OF DECEMBER 31, 2014 AND 2013. THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2011. THE ASSOCIATION 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 784253 EUROPE 1 2 PROGRAM SERVICES MEMBER/CANDIDATE SUPPORT 328191 NORTH AMERICA 0 0 PROGRAM SERVICES MEMBER SUPPORT 14587 EUROPE 0 0 PROGRAM SERVICES MEMBER SUPPORT 70756 EAST ASIA/PACIFIC 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 127901 EUROPE 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 177116 MIDDLE EAST & NORTH AFRICA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 15458 NORTH AMERICA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 35740 SOUTH AMERICA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 6288 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 10349 SOUTH ASIA 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 8384 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES EXAM DELIVERY EXPENSES 3451 3 6 0 0 3 6 1554002 28472 1582474 1 0 1 0 0 1 X X X 0 0 0 WILLIAM KELLY PRESIDENT & CEO 353365 0 7500 0 497 0 0 0 1257 0 362619 0 0 0 HOSSEIN KAZEMI SENIOR ADVISOR, CAIA PROGRAM 167504 0 7500 0 935 0 5025 0 3115 0 184079 0 0 0 KEITH BLACK MANAGING DIR. OF CURRICULUM & EXAMS 193798 0 32500 0 270 0 6000 0 21055 0 253623 0 0 0 KRISTAPS LICIS SR. ASSOC. DIRECTOR OF EXAMS 135735 0 2500 0 107 0 4201 0 18757 0 161300 0 0 0 MILLISSA ALLEN DIR. BUSINESS DEVELOPMENT, AMERICAS 155876 0 7500 0 304 0 0 0 19483 0 183163 0 0 0 FORM 990, PART III, LINE 2 THE FUNDAMENTALS OF ALTERNATIVE INVESTMENT CERTIFICATE PROGRAM (FAI): FAI IS AN INTRODUCTORY-LEVEL, ONLINE SELF-DIRECTED COURSE, DESIGNED TO PROVIDE A FOUNDATION OF CORE CONCEPTS IN ALTERNATIVE INVESTING. 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 THE BOARD HAD VOTED AND APPROVED AND PUT IN PLACE A WRITTEN CONFLICT OF INTEREST POLICY IN 2014. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ("INTERESTED PERSON") ARE REQUIRED TO SIGN A CONFICT OF INTEREST DISCLOSURE STATEMENT. 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 THE BOARD OF DIRECTORS OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. 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. 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. 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. FORM 990, PART VI, SECTION B, LINE 15 A. THE BOARD OF DIRECTORS UTILIZES THE SERVICES OF OUTSIDE LEGAL COUNSEL AND COMPARABILITY DATA FROM FINANCIAL INDUSTRY METRICS TO DETERMINE THE COMPENSATION OF 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 IS AVAILABLE VIA THE GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY ADJUSTMENT -39,531. CAIA FOUNDATION INC 100 UNIVERSITY DRIVE AMHERST MA 01002 800615123 CHARITABLE FOUNDATION SUPPORTING ALT INVESTMENT EDUCATION & RESEARCH MA 501(C)(3) LINE 7 CHARTERED ALTERNATIVE INVESTMENT 1 CAIA UK OFFICE LIMITED NEW BRIDGE STREET HOUSE LONDON UK INDUSTRY RELATIONS UK CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC C 13693 116360 1.00000 1 CAIA ASSOCIATION SINGAPORE OFFICE LIMITED ONE RAFFLES PLACE SINGAPORE SN INDUSTRY RELATIONS SN CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC C 7596 70027 1.00000 1 CAIA ASSOCIATION HONG KONG LIMITED 13/F WYNDHAM PLACE 40-44 WYNDHAM S HONG KONG HK INDUSTRY RELATIONS HK CHARTERED ALTERNATIVE INVESTMENT ANALYST ASSOCIATION INC C 25021 75113 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 CAIA UK OFFICE LIMITED P 256305 FAIR MARKET VALUE CAIA ASSOCIATION HONG KONG OFFICE LIMITED P 501203 FAIR MARKET VALUE CAIA ASSOCIATION SINGAPORE OFFICE LIMITED P 194148 FAIR MARKET VALUE