Cfa Society Of Los Angeles Incorporated
- Assets
- $2.5m
- Revenue
- $767.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Sherman Oaks, CA
- Founding
- 12/1969
- Data as of
- 08/2021
- EIN
- 95-6069970
Organization Overview
Cfa Society Of Los Angeles Incorporated is located in Sherman Oaks, CA. The organization was established in 1969. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. As of 08/2021, Cfa Society Of Los Angeles Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cfa Society Of Los Angeles Incorporated 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 08/2021, Cfa Society Of Los Angeles Incorporated generated $767.5k 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 (6.1%) each year. All expenses for the organization totaled $625.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CFA SOCIETY LOS ANGELES PROMOTES INTEGRITY, PROFESSIONAL EXCELLENCE AND ENGAGEMENT AMONG ITS MEMBERS AND WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOPICALS - HOSTED AND UNHOSTED TOPICAL DISCUSSIONS ARE HELD FREQUENTLY TO FOSTER ETHICAL STANDARDS AND TO EDUCATE AND DEVELOP THE PROFESSIONAL SKILLS OF SOCIETY MEMBERS
CFA REVIEW PROGRAM - SEMINARS ARE HELD ANNUALLY FOR THE PRIMARY PURPOSE OF PREPARING PROSPECTIVE CHARTERED FINANCIAL ANALYSTS FOR THE CFA EXAMINATION GIVEN BY THE CFA INSTITUTE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Carney CEO | Officer | 50 | $166,667 |
Eric Souders CFA Board Member | Trustee | 1 | $2,900 |
Peter Stutz CFA Board Member | Trustee | 1 | $1,500 |
James Lewis CFA Vice President | OfficerTrustee | 1.5 | $500 |
Alicia Romo CFA President | OfficerTrustee | 1.5 | $0 |
Alfredo Gomez CFA Caia Treasurer | OfficerTrustee | 1.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $740,377 |
| Investment income | $27,089 |
| 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 | $767,466 |
| 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. | $160,050 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,102 |
| Pension plan accruals and contributions | $3,880 |
| Other employee benefits | $0 |
| Payroll taxes | $22,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,098 |
| Advertising and promotion | $0 |
| Office expenses | $4,044 |
| Information technology | $55,363 |
| Royalties | $0 |
| Occupancy | $44,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,495 |
| Insurance | $13,917 |
| All other expenses | $14,841 |
| Total functional expenses | $625,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,573 |
| Savings and temporary cash investments | $26,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,833 |
| 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 | $7,857 |
| Net Land, buildings, and equipment | $12,878 |
| Investments—publicly traded securities | $1,790,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,450,980 |
| Accounts payable and accrued expenses | $119,001 |
| Grants payable | $0 |
| Deferred revenue | $296,836 |
| 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 | $415,837 |
| Net assets without donor restrictions | $2,035,143 |
| 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 | $2,450,980 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cfa Society Of Los Angeles Incorporated has recieved totaling $185,299.
| Awarding Organization | Amount |
|---|---|
Cfa Institute Charlottesville, VA PURPOSE: GEN SUPPORT | $185,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Alliance For Jobs Sacramento, CA | $6,038,417 | $3,530,973 |
San Francisco Apartment Association San Francisco, CA | $2,302,341 | $1,784,441 |
Him For Her Inc Oakland, CA | $1,716,312 | $2,511,922 |
Smacna Columbia Chapter Portland, OR | $2,111,957 | $1,356,476 |
Voz Workers Rights Education Project Portland, OR | $1,004,281 | $955,718 |
Committee On Jobs San Francisco, CA | $1,464,807 | $693,718 |
Interfaith Movement For Human Integrity Oakland, CA | $1,176,689 | $898,241 |
Cfa Society Of Los Angeles Incorporated Sherman Oaks, CA | $2,450,980 | $767,466 |
California Alarm Association Woodland Hills, CA | $122,258 | $604,649 |
Escrow Institute Of California San Diego, CA | $374,060 | $203,963 |
Douglas Timber Operators Roseburg, OR | $207,125 | $271,097 |
Cyber Proud Inc Sacramento, CA | $104,146 | $339,581 |