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← CFA SOCIETY OF LOS ANGELES INCORPORATED

Form 990 for tax year 2023

Filed by CFA SOCIETY OF LOS ANGELES INCORPORATED.

Totals

Total revenue
$1,047,572
Total expenses
$1,111,786
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$988,648
Investment income
$58,924
Other revenue
$0
Total assets, end of year
$2,794,196
Total liabilities, end of year
$853,148
Net assets or fund balances, end of year
$1,941,048
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $404,131 · related or exempt $404,131

  • 2b · Program service revenue: ANNUAL EVENTS

    total $165,966 · related or exempt $165,966

  • 2c · Program service revenue: CFALA PROGRAMMING

    total $150,276 · related or exempt $150,276

  • 2d · Program service revenue: CFALA INSTITUTE REIMBU

    total $126,821 · related or exempt $126,821

  • 2e · Program service revenue: COMMITTEES

    total $53,495 · related or exempt $53,495

  • 2f · All other program service revenue

    total $87,959 · related or exempt $87,959

  • 3 · Investment income

    total $58,924 · excluded $58,924

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000

  • 5 · Compensation of officers, directors and key employees

    total $208,225

  • 7 · Other salaries and wages

    total $183,635

  • 8 · Pension plan contributions

    total $2,797

  • 10 · Payroll taxes

    total $29,609

  • 11b · Fees: legal

    total $1,637

  • 11c · Fees: accounting

    total $38,429

  • 11g · Fees: other

    total $18,057

  • 13 · Office expenses

    total $3,521

  • 14 · Information technology

    total $48,949

  • 16 · Occupancy

    total $52,789

  • 19 · Conferences, conventions and meetings

    total $164,583

  • 22 · Depreciation, depletion and amortization

    total $1,708

  • 23 · Insurance

    total $17,667

  • 24a · Other expenses: PROGRAMMING

    total $151,224

  • 24b · Other expenses: CAREER DEVELOPMENT

    total $118,643

  • 24c · Other expenses: EDUCATION

    total $14,374

  • 24d · Other expenses: BANK FEES AND FINANCE C

    total $13,419

  • 24e · All other expenses

    total $22,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $397,906 · end of year $545,394

  • 4 · Accounts receivable

    beginning of year $7,754 · end of year $5,636

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,343 · end of year $28,897

  • 10a · Land, buildings and equipment: cost or other basis

    $34,325

  • 10b · Land, buildings and equipment: accumulated depreciation

    $25,844

  • 10c · Land, buildings and equipment, net

    beginning of year $4,816 · end of year $8,481

  • 12 · Investments: other securities

    beginning of year $1,889,314 · end of year $2,032,009

  • 15 · Other assets

    beginning of year $201,860 · end of year $173,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,581 · end of year $289,654

  • 19 · Deferred revenue

    beginning of year $325,301 · end of year $385,203

  • 25 · Other liabilities

    beginning of year $202,072 · end of year $178,291

  • 27 · Net assets without donor restrictions

    beginning of year $1,821,039 · end of year $1,941,048

Mission and programs · 2023

Mission

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.

  • 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.

As filed on the 2023 return.

Listed in Part VII

  • Geoff Schneider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Jeff Kuhlman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • James Fenkner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Machado Schammel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dagney Maseda

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Priyanka Shukla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mariya Entina

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter Stutz CFA

    PRESIDENT

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Falko Hoernicke

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Scott Laudeman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Steven Wang

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Laura Carney

    CEO

    Total calculated
    $204,259
    From this org
    $196,667
    From related orgs
    $0
    Other
    $7,592
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,667
    Bonus
    $35,000
    Other
    $0
    Deferred
    $7,592
    Nontaxable benefits
    $0
    Filer's total
    $204,259

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
1 July 2025
IRS schema version
2023v6.0
Source object
202501839349300620

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