California Alternative Investments Association

“Description: interest income. Amount: 3.”

“Description: bank fees. Amount: 3,619. Description: insurance. Amount: 3,701. Description: supplies. Amount: 428. Description: telephone/fax/internet. Amount: 1,930. Description: website. Amount: 4,691. Description: board expenses. Amount: 2,079. Description: misc. Expense - general. Amount: 318. Description: event expense - catering/hotel. Amount: 54,705. Description: event expense - misc. Expenses. Amount: 2,906. Description: event expense - staff expense/travel. Amount: 2,821. Description: graphic design/marketing. Amount: 7,830. Description: event expense - webinar hosting service. Amount: 44. Total to form 990-ez, line 16: 85,072.”

“Description: prepaid expenses. Beg. Of year amount: 1,839. End of year amount: 1,862. Description: accounts receivable. Beg. Of year amount: 1,416. End of year amount: 15,000.”

“Description: accounts payable. Beg. Of year amount: 0. End of year amount: 249.”

“The organization did not, during the year, receive any funds, directly, or indirectly, to pay premiums on a personal benefit contract.”

“Amounts reported on part i,line 2 represent guest fees for attending one of the organization's events held for its members. As indicated in part iii, the events are put on to foster growth and development in the hedge fund industry through educational and networking programs. Therefore, such fees further the organization's exempt purpose and are not considered unrelated business income.”

“Effective july 1, 2012, the organization had contracted with holland-parlette associates inc. (hpa) to provide management and administrative services for the organization. For such services (estimated to be 22 hours per week), the organization paid hpa $52,446 for the fiscal year ending june 30, 2016.”