2025-07-02T09:05:49-05:00 2024-08-31 750786316 WEAVER AND TIDWELL LLP 2300 N FIELD ST STE 1000 DALLAS TX 75201 990 2023-09-01 956069970 CFA SOCIETY OF LOS ANGELES INC CFAS 2136131503 13400 RIVERSIDE DRIVE 215 SHERMAN OAKS CA 91423 DAGNEY MASEDA TREASURER 2136131503 2025-07-01 1 1 PRERNA JAGADA P01063809 9724901970 2023 2025-03-06 01:10:19Z LAURA CARNEY 13400 RIVERSIDE DRIVE 215 SHERMAN OAKS CA 91423 1047572 0 X WWW.CFALA.ORG X 1931 CA CFA SOCIETY LOS ANGELES PROMOTES INTEGRITY, PROFESSIONAL EXCELLENCE AND ENGAGEMENT AMONG ITS MEMBERS AND WITHIN THE COMMUNITY. WE DO THIS BY PROVIDING EDUCATIONAL, CAREER DEVELOPMENT AND NETWORKING OPPORTUNITIES. 11 11 6 150 0 0 0 0 815279 988648 44686 58924 0 0 859965 1047572 20000 20000 0 0 347296 424266 0 0 0 516640 667520 883936 1111786 -23971 -64214 2567993 2794196 746954 853148 1821039 1941048 CFA SOCIETY LOS ANGELES PROMOTES INTEGRITY, PROFESSIONAL EXCELLENCE AND ENGAGEMENT AMONG ITS MEMBERS AND WITHIN THE COMMUNITY. WE DO THIS BY PROVIDING EDUCATIONAL, CAREER DEVELOPMENT AND NETWORKING OPPORTUNITIES. 0 0 CFA SOCIETY LOS ANGELES OFFERS NETWORKING AND EDUCATIONAL AND CAREER DEVELOPMENT PRESENTATIONS THAT ARE HOSTED OR FOR A FEE BOTH VIRTUAL AND IN-PERSON. THEY ARE HELD REGULARLY TO FOSTER ETHICAL STANDARDS AND TO EDUCATE AND DEVELOP THE PROFESSIONAL SKILLS OF SOCIETY MEMBERS. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 6 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X LAURA CARNEY 2136131503 13400 RIVERSIDE DRIVE SUITE 215 SHERMAN OAKS CA 91423 GEOFF SCHNEIDER BOARD MEMBER 1.50 X 0 0 0 JEFF KUHLMAN BOARD MEMBER 1.50 X 0 0 0 JAMES FENKNER BOARD MEMBER 1.00 X 0 0 0 MARY MACHADO SCHAMMEL BOARD MEMBER 1.00 X 0 0 0 DAGNEY MASEDA BOARD MEMBER 1.00 X 0 0 0 PRIYANKA SHUKLA BOARD MEMBER 1.00 X 0 0 0 MARIYA ENTINA VICE PRESIDENT 1.00 X X 0 0 0 PETER STUTZ CFA PRESIDENT 1.00 X X 500 0 0 FALKO HOERNICKE PAST PRESIDENT 1.50 X X 0 0 0 SCOTT LAUDEMAN SECRETARY 1.50 X X 0 0 0 STEVEN WANG TREASURER 1.50 X X 0 0 0 LAURA CARNEY CEO 50.00 X 196667 0 7592 197167 0 7592 1 0 1 0 0 MEMBERSHIP DUES 611430 404131 404131 ANNUAL EVENTS 611430 165966 165966 CFALA PROGRAMMING 561000 150276 150276 CFALA INSTITUTE REIMBU 611430 126821 126821 COMMITTEES 561000 53495 53495 87959 87959 988648 58924 58924 1047572 988648 0 58924 20000 208225 183635 2797 29609 1637 38429 18057 3521 48949 52789 164583 1708 17667 PROGRAMMING 151224 CAREER DEVELOPMENT 118643 EDUCATION 14374 BANK FEES AND FINANCE C 13419 22520 1111786 397906 545394 7754 5636 66343 28897 34325 25844 4816 8481 1889314 2032009 201860 173779 2567993 2794196 219581 289654 325301 385203 202072 178291 746954 853148 X 1821039 1941048 1821039 1941048 2567993 2794196 -64214 184223 0 X X 0 1 X 1 0 0 1 0 34325 25844 8481 8481 VANGUARD FEDERAL MONEY MARKET FUND 222785 C VANGUARD MUTUAL FUND 1809224 C 2032009 LEASE ASSET 173779 173779 SOCIAL SECURITY PAYABLE 3060 LEASE LIABILITY 175231 178291 X 1231795 184223 184223 1047572 0 1047572 1111786 0 1111786 0 1111786 PART X, LINE 2: THE SOCIETY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE SOCIETY IS ALSO EXEMPT FROM CALIFORNIA STATE INCOME TAXES. THE SOCIETY FOLLOWS THE GUIDANCE OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION RELATED TO UNCERTAIN TAX POSITIONS. MANAGEMENT EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE SOCIETY HAD NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS AT AUGUST 31, 2024. THE SOCIETY RECOGNIZES INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN THE STATEMENT OF ACTIVITIES AS INTEREST EXPENSE AND GENERAL AND ADMINISTRATIVE EXPENSE, RESPECTIVELY. NO PENALTIES OR INTEREST WERE RECORDED DURING YEAR ENDED AUGUST 31, 2024. 0 CALIFORNIA COUNCIL ON ECONOMIC EDUCATION 23430 HAWTHORNE BLVD SUITE 280 TORRANCE CA 90505 330237320 501(C)(3) 10000 0 FINANCIAL LITERACY INITIATIVES JUNIOR ACHIEVEMENT USA 12320 ORACLE BLVD SUITE 325 COLORADO SPRINGS CO 80921 841267604 501(C)(3) 10000 0 FINANCIAL LITERACY INITIATIVES 2 X X X 0 0 0 LAURA CARNEY CEO 161667 0 35000 0 0 0 7592 0 0 0 204259 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS DO NOT RECEIVE SHARE OF THE EXCESS PROFITS OR DUES. FORM 990, PART VI, SECTION A, LINE 7A OFFICERS ARE SELECTED BY SOCIETY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B REMOVAL OF A DIRECTOR WITHOUT CAUSE SHALL BE APPROVED BY A MAJORITY OF THE REGULAR MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE, FINANCE COMMITTEE, CEO AND TREASURER REVIEW THE FORM 990 AND REPORT TO THE BOARD OF GOVERNORS. DIGITAL AND HARD COPIES OF THE 990 ARE KEPT. BOARD MEMBERS CAN REQUEST TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH SEPTEMBER THE NEW BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AND COMPLETES A CONFLICT OF INTEREST FORM. FORM 990, PART VI, SECTION B, LINE 15A THE HR COMMITTEE REVIEWS STAFF COMPENSATION AT OTHER SOCIETIES OF A SIMILAR SIZE, GIVES AN ORAL REVIEW TO THE ED EACH MARCH AND A WRITTEN REVIEW EACH SEPTEMBER. IT IS IN SEPTEMBER THAT THE CURRENT FISCAL YEAR COMPENSATION IS DETERMINED AND A BONUS BASED ON COMPLETION OF GOALS FROM THE PREVIOUS YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW BY REQUEST FROM THE ORGANIZATION. FORM 990, PART XII, LINE 2C: NO CHANGE TO THE AUDIT PROCEDURES HAS OCCURRED SINCE THE PRIOR YEAR RETURN WAS FILED.