Chicago Quantitative Alliance FY2022 filing

Palatine, ILUnknown exempt organization EIN 36-3904576Revenue $272K in FY2022Latest 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, FY2022. 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

FY2022 · 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
5.3 mo
of spending, in cash
5.3 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
Revenue
$272K
Spent
$301K
To programs
100%
Net assets
$133K
By yearFY2022–FY2024
Revenue
$272K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$272K
FY2023$261K
FY2024$255K
Expenses
$301K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$301K
FY2023$257K
FY2024$323K
Net assets
$133K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$133K
FY2023$138K
FY2024$69K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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% · $301K

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

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Lead Directo
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · $301K · in their own filed words · FY2022
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, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-3904576) · Dispute this line
$301Kprogram 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, FY2022. 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$272K
Ln 12
Gifts and grantsLn 1h$272K
Money outPt IX
$301K
Ln 25
Programscol B$301K
Owns and owesPt X
$133K
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$133K
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$272K
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$133K
Cash and savings togetherLn 1–2$133K
Total assetsLn 16$133K
LiabilitiesLn 26$0
Net assetsLn 32$133K
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 FY22End FY22
Cash and savingsLn 1–2$162K$133K
Total assetsLn 16$162K$133K
LiabilitiesLn 26$0$0
Net assetsLn 32$162K$133K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$900$900
Other fees for servicesLn 11g$36K$36K
Office expensesLn 13$5K$5K
TravelLn 17$12K$12K
Conferences, conventions and meetingsLn 19$224K$224K
InsuranceLn 23$275$275
Other expenses (24a–d)Ln 24$22K$22K
Total functional expensesLn 25$301K$301K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2022 ViewingFiled with the IRS Nov 9, 2023 $272K$301K−$28K$133K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $272,429 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,305$272,429
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,305$272,429
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $84,001$300,798
I-18 Total expensesPrior year $84,001$300,798
I-19 Revenue less expensesPrior year −$81,696−$28,369
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 $272,429 across 3 lines filed
VIII-1b Membership dues$272,429
VIII-1h Total contributions, gifts and grants$272,429
VIII-12 Total revenue$272,429
Part IX · Statement of functional expenses $300,798 across 7 lines filed
IX-11c Accounting feesPrograms $900$900
IX-11g Other fees for servicesPrograms $36,000$36,000
IX-13 Office expensesPrograms $5,327$5,327
IX-17 TravelPrograms $11,947$11,947
IX-19 Conferences, conventions and meetingsPrograms $224,479$224,479
IX-23 InsurancePrograms $275$275
IX-24 Other expenses (24a–d)Programs $21,870$21,870
IX-25 Total functional expensesPrograms $300,798 · Management $0 · Fundraising $0$300,798
Part X · Balance sheet $133,432 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $161,801$133,432
X-16 Total assetsStart of year $161,801$133,432
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $161,801$133,432
X-32 Total net assets or fund balancesStart of year $161,801$133,432
X-33 Total liabilities and net assetsStart of year $161,801$133,432
Part XI · Reconciliation of net assets $133,432 net assets at year end
XI-1 Total revenue$272,429
XI-2 Total expenses$300,798
XI-3 Revenue less expenses−$28,369
XI-4 Net assets at start of year$161,801
XI-10 Net assets at end of year$133,432

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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