TY 2015 Form 990EZ

Part IIIStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? THE CALIFORNIA PUBLIC SECURITIES ASSOCIATION (CALPSA) IS A UNIFIED ASSOCIATION FOR THE PUBLIC SECURITIES INDUSTRY TO ACHIEVE ITS OBJECTIVES BY SUPPORTING AND ENHANCING MUNICIPAL ISSUERS' ACCESS TO THE CAPITAL MARKETS, ADVOCATING FOR THE MUNICIPAL SECURITIES INDUSTRY, AND CONDUCTING RESEARCH RELEVANT TO MEMBERS.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 THE ORGANIZATION MONITORS AND INFORMS MEMBERS ABOUT LEGISLATIVE AND REGULARTORY DEVELOPMENTS AFFECTING PUBLIC SECURITIES. THE ORGANIZATION HAS APPROXIMATELY 10 MEMBER FIRMS AND THE PROCESS BENEFITS ALL MEMBERS (Grants $ 60,000) If this amount includes foreign grants, check here ...	28a
29 (Grants $ ) If this amount includes foreign grants, check here ...	29a
30 (Grants $ ) If this amount includes foreign grants, check here ...	30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	60,000

Part IIIStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .

Expenses
(Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)

What is the organization's primary exempt purpose? THE CALIFORNIA PUBLIC SECURITIES ASSOCIATION (CALPSA) IS A UNIFIED ASSOCIATION FOR THE PUBLIC SECURITIES INDUSTRY TO ACHIEVE ITS OBJECTIVES BY SUPPORTING AND ENHANCING MUNICIPAL ISSUERS' ACCESS TO THE CAPITAL MARKETS, ADVOCATING FOR THE MUNICIPAL SECURITIES INDUSTRY, AND CONDUCTING RESEARCH RELEVANT TO MEMBERS.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.

28 THE ORGANIZATION MONITORS AND INFORMS MEMBERS ABOUT LEGISLATIVE AND REGULARTORY DEVELOPMENTS AFFECTING PUBLIC SECURITIES. THE ORGANIZATION HAS APPROXIMATELY 10 MEMBER FIRMS AND THE PROCESS BENEFITS ALL MEMBERS
(Grants $ 60,000) If this amount includes foreign grants, check here ... MediumBullet

28a

29
(Grants $ ) If this amount includes foreign grants, check here ... MediumBullet

29a

30
(Grants $ ) If this amount includes foreign grants, check here ... MediumBullet

30a

31 Other program services (describe in Schedule O) ................
(Grants $ ) If this amount includes foreign grants, check here... MediumBullet

31a

32 Total program service expenses (add lines 28a through 31a).......... bullet

60,000

(a) Name and title	(b) Average hours per week devoted to position	(c)Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
MARK ADLER EXEC COMMITTEE	1.00	0
JAMES R CERVANTES Chairman	1.00	0
TONY CONE Treasurer	1.00	0
ROGER DAVIS EXEC COMMITTEE	1.00	0

(a) Name and title

(b) Average
hours per week
devoted to position

(c)Reportable compensation
(Forms W-2/1099-MISC) (if not paid, enter -0-)

(d) Health benefits, contributions to employee benefit plans,
and deferred compensation

(e) Estimated amount
of other compensation

MARK ADLER

EXEC COMMITTEE

1.00

JAMES R CERVANTES

Chairman

1.00

TONY CONE

Treasurer

1.00

ROGER DAVIS

EXEC COMMITTEE

1.00

(a) Name and title of each employee

(b) Average
hours per week
devoted to position

(c) Reportable compensation
(Forms W-2/1099-MISC)

(d) Health benefits, contributions to employee benefit plans, and deferred compensation

(e) Estimated amount of other compensation

NONE

(a) Name and business address of each independent contractor

(b) Type of service

(c) Compensation

AARON READ & ASSOCIATIES LLC
1415 L STREET SUITE 1100
SACRAMENTO,CA95814

LOBBYING SERVICES

60,000

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

CALIFORNIA PUBLIC SECURITIES ASSOCIATION

Employer identification number

94-2613611

Return Reference	Explanation
Client Note 1	Client Note 1 - FORM 990 SCHEDULE CPOLITICAL CAMPAIGN AND LOBBYING ACTIVITIESSUPPLEMENTAL STATEMENTFOR THE TAX YEAR 2015, THE ORGANIZATION DID NOT HAVE ANY MEMBERSHIP DUES. THE ORGANIZATION DID HAVE LOBBYING EXPENSE WHICH EXCEEDED THE MEMBERSHIP DUES.THE IRS REQUIRES THAT THE ORGANIZATION MUST (A) ALLOCATE ALL MEMBERSHIP DUES TO ITS LOBBYING AND POLITICAL ACTIVITIES, AND (B) CARRY FORWARD ANY EXCESS LOBBYING AND POLITICAL EXPENSES TO THE NEXT YEAR. ANY ORGANIZATION THAT CHECKED "YES" TO PART III-A, LINE 2, IS REQUIRED TO COMPLETE PART III-B, AND MUST ALSO SEND DUES NOTICES TO ITS MEMBERS AT THE TIME OF ASSESSMENT OR PAYMENT OF DUES AND INCLUDE THE AMOUNT IT AGREED TO CARRYOVER AND IN ITS REASONABLE ESTIMATE OF THE DUES ALLOCABLE TO THE NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES REPORTED IN PART III-B, LINE 2A.SINCE THE ORGANIZATION DID NOT HAVE ANY DUES PAYING MEMBERS IN 2015, IT COULD NOT NOTIFY THEM OF THE PORTION THAT IS NONDEDUCTIBLE. HOWEVER, IF THE SITUATION ARISES, THE ORGANIZATION WIL NOTIFY THE MEMBERS ANNUALLY OF THE AMOUNT OF DUES THAT ARE NOT DEDUCTIBLE AS A RESULT OF LOBBYING AND POLITICAL EXPEDITURES. AS A RESULT OF OF THIS NOTIFICATION, THE ORGANIZATION WILL NOT BE SUBJECT TO THE PROXY TAX.
Other Expenses.1012	Insurance $3199
Other Expenses.1	OFFICE SUPPLIES $2300
Other Expenses.2	ANNUAL MEETING EXPENSES $1260
Other Expenses.3	TELEPHONE $671
Other Expenses.4	BANK CHARGES $190
Other Expenses.6	FTB FILING FEES $10

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:	15000324
Software Version:	2015v2.0

1	Contributions, gifts, grants, and similar amounts received ....................	1
2	Program service revenue including government fees and contracts ...............	2
3	Membership dues and assessments ...........................	3
4	Investment income ...........................	4	35
5a	Gross amount from sale of assets other than inventory .....	5a
b	Less: cost or other basis and sales expenses .......	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ..........	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	35

10	Grants and similar amounts paid (list in Schedule O) ............	10
11	Benefits paid to or for members ................	11
12	Salaries, other compensation, and employee benefits ................	12
13	Professional fees and other payments to independent contractors ............	13	93,990
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ..............	15	48
16	Other expenses (describe in Schedule O) ..............	16	7,630
17	Total expenses. Add lines 10 through 16 ..............	17	101,668

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-101,633
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) ............	19	264,053
20	Other changes in net assets or fund balances (explain in Schedule O) ..........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 .......	21	162,420

Sign Here

	Signature of officer	Date

	Type or print name and title

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ...............................................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ...........................................
c	Total lobbying expenditures (add lines 1a and 1b) .......................................................................
d	Other exempt purpose expenditures .........................................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ....................................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) ..........................................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ..........................................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ...........................................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ..............................................................................................................	Yes No

4-Year Averaging Period Under section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2012	(b) 2013	(c) 2014	(d) 2015	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures