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Chicago Quantitative Alliance

Palatine, ILUnknown exempt organization EIN 36-3904576Revenue $255K in FY2024Latest return filed Oct 31, 2025

On file with the IRScqa.orgPalatine, IL

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Chicago Quantitative Alliance (cqa) is a business league as defined under unternal revenue code section 501(c)(4) and reg. 1.501(c)(4)-1. Cqa's purpose is to further Quantitative investment techniques by: 1) promoting regular communication and an exchange of ideas among investment professionals employing such techniques, and 2) sponsoring conferences and realted meetings on Quantitative investment techniques geared towards practitioners and which encourages active partitipation of all its members.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3904576) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $31K a year · 12% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
2.6 mo
of spending, in cash
2.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
17
of 17 voting members
17 of 17 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$255K
-2% vs prior year
Spent
$323K
To programs
100%
Net assets
$69K
By yearFY2022–FY2024
Revenue
$255K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2022$272K
FY2023$261K
FY2024$255K
Expenses
$323K
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2022$301K
FY2023$257K
FY2024$323K
Net assets
$69K
FY2024▼ -50%
Tap a bar for its year
Net assets by fiscal year
FY2022$133K
FY2023$138K
FY2024$69K

From the FY2024 Form 990 · see the original

Visit site Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $323K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Dan Cardell
Lead Director
$0Pt VII · Sec A
Tommy Huie
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Glickman
Director
$0Pt VII · Sec A
Ed Keon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Doersch
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Chicago Quantitative Alliance executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes quantitative investment techniques through idea exchange and practitioner conferences.

Questions for Chicago Quantitative Alliance

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2 programs · $323K · in their own filed words · FY2024
01

The organization holds a spring, fall and asian conference with over 60% of membership in attendance with a number of presentations on quantitative and related investment issues given by academics, students, and practitioners.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3904576) · Dispute this line
$323Kprogram expense
02

Maintains the cqa website and e-mail network to promote the free flow of information, ideas, and questions on quantitative techniques and investing in general among members.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3904576) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$255K
Ln 12
Gifts and grantsLn 1h$255K
Money outPt IX
$323K
Ln 25
Programscol B$323K
Owns and owesPt X
$69K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$69K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Total revenueLn 12$255K
Assets in detailPt X, end of year
CashLn 1$69K
Cash and savings togetherLn 1–2$69K
Total assetsLn 16$69K
LiabilitiesLn 26$0
Net assetsLn 32$69K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$138K$69K
Total assetsLn 16$138K$69K
LiabilitiesLn 26$0$0
Net assetsLn 32$138K$69K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$48K$48K
Office expensesLn 13$5K$5K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$250K$250K
InsuranceLn 23$307$307
Other expenses (24a–d)Ln 24$17K$17K
Total functional expensesLn 25$323K$323K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 31, 2025 $255K$323K−$69K$69K 990 PDF
FY2023Filed with the IRS Jul 29, 2024 $261K$257K$4K$138K 990 PDF
FY2022Filed with the IRS Nov 9, 2023 $272K$301K−$28K$133K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $254,665 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,100$254,665
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $261,100$254,665
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $256,668$323,415
I-18 Total expensesPrior year $256,668$323,415
I-19 Revenue less expensesPrior year $4,432−$68,750
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $254,665 across 3 lines filed
VIII-1b Membership dues$254,665
VIII-1h Total contributions, gifts and grants$254,665
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$254,665
Part IX · Statement of functional expenses $323,415 across 7 lines filed
IX-11c Accounting feesPrograms $1,085$1,085
IX-11g Other fees for servicesPrograms $48,000$48,000
IX-13 Office expensesPrograms $5,408$5,408
IX-17 TravelPrograms $1,899$1,899
IX-19 Conferences, conventions and meetingsPrograms $249,967$249,967
IX-23 InsurancePrograms $307$307
IX-24 Other expenses (24a–d)Programs $16,749$16,749
IX-25 Total functional expensesPrograms $323,415 · Management $0 · Fundraising $0$323,415
Part X · Balance sheet $69,114 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $137,864$69,114
X-16 Total assetsStart of year $137,864$69,114
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $137,864$69,114
X-32 Total net assets or fund balancesStart of year $137,864$69,114
X-33 Total liabilities and net assetsStart of year $137,864$69,114
Part XI · Reconciliation of net assets $69,114 net assets at year end
XI-1 Total revenue$254,665
XI-2 Total expenses$323,415
XI-3 Revenue less expenses−$68,750
XI-4 Net assets at start of year$137,864
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$69,114

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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