Calcpa Institute

“The form 990 was prepared by independent accountants based on information provided by calcpa institute. It was reviewed in detail by the controller, and a secondary, high-level review was conducted by the cfo. The reviewed draft was circulated to members of the the audit committee requesting their review, comments, and questions. All the questions and concerns were addressed and resulting modifications were made as appropriate. Once the review process had been completed, the form 990 was provided to all board members and was filed with the irs on or before the due date.”

“The institute annually requires that all members of the board of directors read the conflict of interest policy and submit a conflict of interest disclosure statement. The disclosure statements are reviewed upon receipt. If conflicts are identified, calcpa's ceo reviews the statement and will refer to legal counsel, if necessary. In its annual training of incoming board members, calcpa discusses with its leaders that the organization is governed by california corporation code, and that they have a fiduciary duty as directors of calcpa.”

“Calcpa institute is organized and is operated to perform the functions, or to carry out the purpose of the california society of certified public accountants ("calcpa"). Calcpa institute is under the same management as calcpa's. The compensation of the executive director is reported on calcpa's 990. The executive director is also a division director of calcpa; majority of his time is allocated to calcpa. He reports to calcpa's ceo who determines his salary based on his annual performance review measured against goals preset by calcpa's ceo.”

“The governing documents and financial statements are available on organization's website and upon request. The conflict of interest policy is available upon request. These documents are available for the same period of time set forth in sec. 6104(d).”

“The executive director is an employee of the related entity, california society of certified public accountants ("calcpa") which reports his w-2. 31.50 hours per week are allocated to calcpa for his position as a division director.”

“Volunteers are calcpa members who sign up to get involved in the following: (1) talk to high school or college students about budgeting, credit, or savings and investing, or help them discover a cpa career; (2) hold dollars & sense workshops to educate public on financial literacy; (3) being a tax volunteer by sharing their knowledge with the public by collaborating with state legislators, local chambers of commerce, tax assistance programs and television and radio news shows. Diversity and inclusion volunteers work specifically with underrepresented minority students by bringing career awareness of the cpa profession and financial literacy education to the classroom.”

“Calcpa institute did not issue a w-2. The compensation provided on part ix is for the shared employees that are on the california society of certified public accountants ("calcpa") payroll. Calcpa issued the w-2 for these employees.”