Calcpa Institute

“The form 990 is prepared by calcpa staff. It is reviewed in detail by the controller, and a secondary, high-level review is conducted by the cfo and independent accountants. The reviewed draft is circulated to members of the audit committee requesting their review, comments, and questions. All the questions and concerns are addressed and resulting notifications are made as appropriate. Once the review process is completed, the form 990 is provided to all council and board members and is 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 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 and held the position until july 2019; a 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.”

“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.”