California Certified Public Accountants Edu Fdn

“There is one class of members of the california certified public accountants education foundation. The members shall be those persons serving as members of the calcpa council of the california society of certified public accounts (calcpa).”

“The members annually shall elect trustees to hold office for terms, other than trustees serving by designation.”

“(1) the foundation nominating committee shall be comprised of five members; the immediate past president of the foundation; a former chairperson of calcpa's council; two members of the foundation elected by the members of the foundation at the annual meeting for staggered two year terms; and the past president of the foundation once removed who will serve as a chairperson. In the event the foundation past president once removed is unable to serve as chairperson, then the foundation past president twice removed shall serve as chairperson. (2) the duties of the nominating committee shall be to nominate officers and trustees by an affirmative simple majority vote of the committee. A report of the committee shall be approved in writing by an affirmative simple majority vote of the committee and shall be filed with the secretary no later than sixty days before the annual meeting. Nominations for officers and trustees as filed with the secretary shall be mailed.”

“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 the 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 foundation annually requires that all members of the board of trustees 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 trustees of calcpa.”

“Calcpa foundation is organized and operating to perform the functions or to carry out the purpose of the california society of certified public accountants ("calcpa"). Foundation is under the same management as calcpa. The board of trustees is delegated responsibility to review the ceo's goals, performance, and compensation to the ceo goals and objectives committee ("committee"). The committee is comprised of the president, past president, first vice president, and secretary/treasurer. All members of the committee do not have a conflict-of-interest with respect to the determination of the ceo's compensation. The committee meets and sets out goals for the ceo to accomplish through out the year. After the end of the fiscal year, the committee performs their due diligence review of the ceo's goals and performance as well as the comparable data and makes the final recommendation to the board of trustees, which has final approval. Comparable data includes form 990 of other state cpa societies similar to size and a compensation survey conducted by the american society of association executives (asae). The ceo determines the salary of the cfo based on annual performance review measures against goals preset by the ceo.”

“The governing documents and financial statements are available on the organization's website and upon request. The conflict-of-interest policy is available upon request.”

“These volunteers are members of the various planning committees for courses and conferences, pro bono speakers on most conferences, and members of the board of trustees.”