2024-12-04T19:12:55-06:00 2023-12-31 BDO USA 200 OTTAWA AVE NW STE 300 GRAND RAPIDS MI 49503 990 2023-01-01 591859804 INTERNAL AUDIT FOUNDATION % ANN S COHEN INTE 4079371300 1035 GREENWOOD BOULEVARD Suite 401 LAKE MARY FL 32746 ANN S COHEN CFO 4079371300 2024-11-19 true true Jacob Cook P01240455 6167747000 2024-11-19 2023 2024-10-15 13:58:12Z ANTHONY S PUGLIESE 1035 GREENWOOD BOULEVARD401 LAKE MARY FL 32746 2399835 false X WWW.THEIIA.ORG X 1976 DC RESEARCH AND EDUCATION IN INTERNAL AUDITING 12 11 0 23 0 0 643353 1050260 0 0 101653 29630 190564 49319 935570 1129209 95000 102509 0 0 281885 424792 0 0 0 302120 874131 679005 1401432 256565 -272223 5600569 5672334 128560 115206 5472009 5557128 TO SHAPE, EXPAND, AND ADVANCE KNOWLEDGE OF INTERNAL AUDITING BY DEVELOPING AND DISSEMINATING TIMELY, RELEVANT INFORMATION AND INSIGHTS THAT ADDRESS THE NEEDS OF OUR STAKEHOLDERS GLOBALLY. false false 598556 95009 0 THE FOUNDATION PROVIDES GRANTS TO EDUCATIONAL INSTITUTIONS WORLDWIDE THAT PARTICIPATE IN THE IIA'S INTERNAL AUDITING EDUCATION PARTNERSHIP (IAEP) PROGRAM WHICH WAS DEVELOPED TO RESPOND TO THE GROWING INTEREST IN INTERNAL AUDIT EDUCATION AT INSTITUTIONS OF HIGHER LEARNING. IAEP PROGRAM SCHOOLS TEACH AN INTERNAL AUDITING CURRICULUM WITHIN A DEGREE PROGRAM (UNDERGRADUATE OR POST-GRADUATE) ENDORSED BY THE IIA. THE FOUNDATION HAS AN ANNUAL GRANT CYCLE OPEN OCTOBER OF EACH YEAR IN WHICH SCHOOLS MAY APPLY FOR GRANTS TO SUPPORT ACTIVITIES RELATED TO THE FOLLOWING: CURRICULUM DEVELOPMENT AND PROGRAM GROWTH & MARKETING. 246838 7500 0 THE FOUNDATION CONDUCTS AND FUNDS RESEARCH ON THE INTERNAL AUDIT PROFESSION INCLUDING TRENDING PRACTICES OVER TIME AND RESEARCH ON THE IMPACT OF MACRO ECONOMIC, TECHNOLOGICAL, AND ENVIRONMENTAL FACTORS ON THE BUSINESS ENVIRONMENT AND SUBSEQUENTLY THE PROFESSION. PARTNERING WITH ACADEMICS AND PARTNER ORGANIZATIONS, THE IAF ISSUES WHITE PAPER, PRACTITIONER REPORTS, AND ACADEMIC RESEARCH PAPERS AS A RESULT OF ITS RESEARCH EFFORTS BASED ON BOTH QUANTITATIVE AND QUALITATIVE EFFORTS. 845394 true true false false false false false false false true true false false false true true false true false false false true false false false false false true true true false false false false false false false false false false false false false true false true false true X 4 0 true 0 false false false false false false false false false false false false X 12 11 false false false false true true false true true false false false true true true true true false false false AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X ANN S COHEN 4079371300 1035 GREENWOOD BOULEVARD NO 401 LAKE MARY FL 32746 ANTHONY PUGLIESE IIA CEO 1.0 39.0 X X 0 887853 155630 LAURA LEBLANC SR. DIRECTOR, IAF 30.0 10.0 X 0 169261 54031 WARREN W STIPPICH PRESIDENT 2.0 0.0 X X 0 0 0 GLENN HO SR VICE PRESIDENT, STRATEGY 2.0 0.0 X X 0 0 0 SARAH FEDELE VICE PRES, FINANCE/DEVELOPMENT 2.0 0.0 X X 0 0 0 YULIA GURMAN VICE PRESIDENT, CONTENT 2.0 0.0 X X 0 0 0 SUBRAMANIAN BHASKAR MEMBER (AS OF 07/2023) 2.0 0.0 X 0 0 0 LAWRENCE HARRINGTON MEMBER (THRU 07/2023) 2.0 0.0 X 0 0 0 SHIRLEY MACHABA MEMBER 2.0 0.0 X 0 0 0 RAOUL MENES MEMBER 2.0 0.0 X 0 0 0 HIROSHI NAKA MEMBER (AS OF 07/2023) 2.0 0.0 X 0 0 0 REYES FUENTES ORTEA MEMBER 2.0 0.0 X 0 0 0 HOSSAMELDIN EL SHAFFEI MEMBER 2.0 0.0 X 0 0 0 NORA ATEF REDA ZEID KELANI MEMBER 2.0 0.0 X 0 0 0 0 1057114 209661 0 false true false 0 75000 975260 1050260 0 86531 86531 0 49319 49319 0 0 0 1213725 1270626 -56901 -56901 -56901 0 0 0 0 0 0 0 0 0 0 1129209 78949 79009 79009 15000 15000 8500 8500 0 0 0 325152 325152 0 99640 99640 0 0 0 16500 16500 0 0 8238 8238 243242 667 242575 1765 1765 4636 222 4414 0 0 0 42096 34762 7334 0 0 0 0 49319 49319 225 225 OVERHEAD ALLOCATION 485896 268911 216985 MISCELLANEOUS EXPENSE 22214 11766 10448 1401432 845394 556038 0 0 0 2121600 1849645 0 0 66017 71916 0 0 0 0 0 0 0 0 161372 69671 169136 169136 3094537 3473513 0 0 0 0 0 0 157043 207589 5600569 5672334 47582 315 0 0 0 0 0 0 0 0 0 0 0 0 0 0 80978 114891 128560 115206 X 4310310 4351856 1161699 1205272 5472009 5557128 5600569 5672334 -272223 357342 X X false true X true false X 547536 958343 809300 643353 1050260 4008792 1853481 1177272 1076178 181685 0 4288616 0 0 0 2401017 2135615 1885478 825038 1050260 8297408 0 0 0 8297408 78962 61192 126933 116258 135850 519195 0 78962 61192 126933 116258 135850 519195 0 0 2479979 2196807 2012411 941296 1186110 8816603 0.94111 0.95188 0.05889 0.04812 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 217873 1779 29516 249168 259371 1214 -42712 217873 235002 2162 22207 259371 217968 3361 13673 235002 186377 9838 35342 13589 217968 0.00000 0.54180 0.45820 false false 169136 169136 0 0 0 DUE TO AFFILIATES 114891 114891 X SCHEDULE D, PART V, LINE 4: EARNINGS FROM ESTER R. SAWYER ENDOWMENT ARE USED TO PROVIDE SCHOLARSHIPS TO INTERNAL AUDITING STUDENTS. THE SCHOLARSHIP ELIGIBILITY CRITERIA IS DESCRIBED IN SCHEDULE I, PART IV. SCHEDULE D, PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND FROM STATE INCOME TAX PURSUANT TO STATE LAW. THE FOUNDATION FOLLOWS ACCOUNTING STANDARDS RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT ASSESSED WHETHER THERE WERE ANY UNCERTAIN TAX POSITIONS WHICH MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE DECEMBER 31, 2020. Sub-Saharan Africa Graduate/ teach assts 8500 0 0 1 false false false false false false SCHEDULE F, PART I, LINE 2: FOR GRANTS TO EDUCATIONAL INSTITUTIONS, THE BOARD OF TRUSTEES' ACADEMIC FUND SUBCOMMITTEE REVIEWS AND APPROVES QUALIFYING PROPOSALS. AFTER GRANTEE SCHOOLS ARE SELECTED, THE ACADEMIC RELATIONS COMMITTEE WORKS CLOSELY WITH GRANTEE SCHOOLS THROUGH THE INTERNAL AUDITING EDUCATIONAL PARTNERSHIP PROGRAM TO DEVELOP MEANINGFUL AUDIT CURRICULA AND ASSIST OTHER COLLEGES AND UNIVERSITIES IN ESTABLISHING SIMILAR PROGRAMS. true TEXAS A&M UNIVERSITY 460 G Wehner College Station TX 778434353 746000531 501(C)(3) 10500 Teaching assistants Louisiana State University 336 THOMAS BOYD HALL Baton Rouge LA 70803 726000848 501(C)(3) 9000 TEACHING ASSISTANTS UNIVERSITY OF TEXAS AT EL PASO 500 W UNIVERSITY AVE EL PASO TX 79902 746000813 501(C)(3) 9000 TEACHING ASSISTANTS KENNESAW STATE UNIVERSITY RESEARCH 1000 CHASTAIN ROAD KENNESAW GA 30144 580965786 501(C)(3) 8500 TEACHING ASSISTANTS University of Nevada Las Vegas 4505 S Maryland Pkwy Las Vegas NV 89154 886000024 501(C)(3) 8500 TEACHING ASSISTANTS 5 0 Michael J Barrett Doctoral Dissertation Award 2 15000 0 SCHEDULE I, PART I, LINE 2: FOR GRANTS TO EDUCATIONAL INSTITUTIONS, THE BOARD OF TRUSTEES' ACADEMIC FUND SUBCOMMITTEE REVIEWS AND APPROVES QUALIFYING PROPOSALS. AFTER GRANTEE SCHOOLS ARE SELECTED, THE ACADEMIC RELATIONS COMMITTEE WORKS CLOSELY WITH GRANTEE SCHOOLS THROUGH THE INTERNAL AUDITING EDUCATIONAL PARTNERSHIP PROGRAM TO DEVELOP MEANINGFUL AUDIT CURRICULA AND ASSIST OTHER COLLEGES AND UNIVERSITIES IN ESTABLISHING SIMILAR PROGRAMS. SCHEDULE I, PART III: MICHAEL J. BARRETT DOCTORAL DISSERTATION GRANT: ANY DOCTORAL CANDIDATE PURSUING AN ADVANCED POST-GRADUATE DEGREE (SUCH AS PH.D. OR DBA) IN AUDITING, ACCOUNTING, OR BUSINESS FROM AN ACCREDITED EDUCATIONAL INSTITUTION IS ELIGIBLE TO APPLY FOR THE DOCTORAL DISSERTATION GRANT. APPLICANTS SHOULD SUBMIT THEIR DISSERTATION PROPOSALS, ALONG WITH A DETAILED COVER LETTER, TO INTERNAL AUDIT FOUNDATION. APPLICANTS MUST ALSO SUBMIT TWO LETTERS OF RECOMMENDATION BY PROFESSORS DIRECTLY SUPERVISING OR CONNECTED WITH THEIR DISSERTATION EFFORTS. TO BE ELIGIBLE FOR INTERNAL AUDIT FOUNDATION'S DOCTORAL DISSERTATION GRANT, A CANDIDATE SHOULD: (1) INTEND TO TEACH IN THE FIELD OF AUDITING FOR AT LEAST TWO YEARS, (2) BE ENROLLED IN A SCHOOL THAT OFFERS A DOCTORAL DEGREE IN BUSINESS WITH A CONCENTRATION IN ACCOUNTING OR AUDITING, AND (3) HAVE COMPLETED OR BE WITHIN ONE YEAR OF COMPLETION OF THE NECESSARY COURSE REQUIREMENTS AND PRE-DISSERTATION EXAMINATIONS REQUIRED BY THE DEGREE-GRANTING INSTITUTION, AND BE AT THE DISSERTATION STAGE AT THE TIME OF AWARD. SUBMISSIONS ARE EVALUATED BASED ON: RELEVANCE OF THE TOPIC TO INTERNAL AUDITING, SOUNDNESS OF METHODOLOGY, COHERENT ORGANIZATION AND CLARITY OF PRESENTATION, AND QUALITY OF DATA (WHERE APPLICABLE). THE TOTAL GRANT IS GENERALLY PAID OVER A PERIOD NOT EXCEEDING ONE YEAR. PAYMENTS BEGIN ABOUT THE TIME THE CANDIDATE BEGINS THE DISSERTATION RESEARCH. THE GRANT IS USUALLY DIVIDED INTO THREE INSTALLMENTS CORRESPONDING WITH THE SUBMISSION OF DISSERTATION PROGRESS REPORTS. false true false false false false false false false ANTHONY PUGLIESE IIA CEO 0 648327 0 189000 0 50526 0 114600 0 41030 0 1043483 0 0 LAURA LEBLANC SR. DIRECTOR, IAF 0 154527 0 14400 0 334 0 17871 0 36160 0 223292 0 0 SCHEDULE J, PART I, LINE 3: THE SALARIES REPORTED IN PART II WERE PAID BY A RELATED ORGANIZATION, THE INSTITUTE OF INTERNAL AUDITORS, INC. (EIN: 13-5532538), WHICH HAS ADOPTED AN EXECUTIVE COMPENSATION SETTING POLICY APPLICABLE TO ALL DISQUALIFIED PERSONS, INCLUDING ITS OFFICERS AND KEY EMPLOYEES. UNDER THE POLICY, AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES THE COMPENSATION LEVELS OF ALL INDIVIDUALS SUBJECT TO THE POLICY. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEES ARE CONTEMPORANEOUSLY SUBSTANTIATED. THE COMMITTEE UTILIZES COMPARABILITY DATA IN ITS DELIBERATIONS; UPDATED COMPARABILITY DATA IS GENERALLY OBTAINED ANNUALLY. SCHEDULE J, PART I, LINE 4B: INDIVIDUALS PARTICIPATE IN A NONQUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. EMPLOYER DISTRIBUTIONS ARE INCLUDED IN COMPENSATION ON SCHEDULE J, PT. II, COLUMN B(III). NO PAYMENTS WERE MADE TO ANY INDIVIDUALS DURING 2023. FORM 990, PART VI, SECTION A, LINE 6: THE MEMBERS OF THE ORGANIZATION ARE THE BOARD OF DIRECTORS OF THE INSTITUTE OF INTERNAL AUDITORS (EIN: 13-5532538). FORM 990, PART VI, SECTION A, LINE 7A: THE ORGANIZATION HAS ONE CLASS OF MEMBERS. ALL MEMBERS CAN VOTE AT MEMBERSHIP MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B: REGARDING THE REVIEW OF FORM 990, THE IAF ADOPTS A PROCESS THAT REFLECTS ITS DEDICATION TO GOOD GOVERNANCE PRACTICES AND IS CONSISTENT WITH THE DELEGATED AUTHORITY OF ITS EXECUTIVE COMMITTEE, THE SUPERVISORY COMMITTEE, AND THE IAF'S OPERATIONAL PRACTICES. THE REVIEW PROCESS INVOLVES THE FOLLOWING STEPS: 1.THE SUPERVISORY COMMITTEE, COMPRISED OF THE OFFICERS OF THE BOARD, ALL OF WHICH ARE CERTIFIED INTERNAL AUDITORS, RECEIVES THE FORM 990 FOR REVIEW. 2.THE COMMITTEE RIGOROUSLY EXAMINES THE FORM, FOCUSING ON ENSURING ACCURACY, COMPLIANCE, AND ALIGNMENT WITH THE IAF'S EXEMPT PURPOSES. 3.EMPHASIS IS PLACED ON FINANCIAL TRANSPARENCY, EXECUTIVE COMPENSATION, AND OVERALL FISCAL RESPONSIBILITY, REFLECTING THE COMMITTEE'S ADVISORY AND OVERSIGHT ROLES. 4.THE COMMITTEE MAY CONSULT WITH THE CEO AND OTHER RELEVANT STAKEHOLDERS. THIS PROCESS UNDERSCORES THE IAF'S COMMITMENT TO EFFECTIVE AND EFFICIENT GOVERNANCE, LEVERAGING THE EXPERTISE OF THE SUPERVISORY COMMITTEE TO MAINTAIN THE HIGHEST STANDARDS OF FISCAL RESPONSIBILITY AND ORGANIZATIONAL INTEGRITY. FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO EACH MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS OFFICERS, AND ITS KEY EMPLOYEES ON AN ANNUAL BASIS. EACH SUCH INDIVIDUAL PROVIDES AN ANNUAL DISCLOSURE STATEMENT INDICATING THAT THEY HAVE RECEIVED, READ, UNDERSTOOD, AND AGREED TO COMPLY WITH THE POLICY, AND CERTIFYING THAT (1) THEY HAVE NO RELATIONSHIPS OR INTERESTS THAT PRESENT A CONFLICT OF INTEREST, (2) THEY HAVE ONE OR MORE CONFLICTS OF INTEREST THAT HAVE BEEN FULLY DISCLOSED AS REQUIRED BY THE POLICY AND HAVE BEEN PROPERLY ADMINISTERED IN CONFORMITY WITH THE POLICY, OR (3) THEY HAVE PREVIOUSLY UNDISCLOSED CONFLICTS OF INTEREST AND DISCLOSING THE DETAILS OF SUCH CONFLICTS. ANY DISCLOSURE STATEMENT WITH PREVIOUSLY UNDISCLOSED CONFLICTS OF INTEREST ARE FORWARDED TO APPROPRIATE ORGANIZATION OFFICIALS TO TAKE APPROPRIATE ACTIONS AS REQUIRED BY THE POLICY. FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION DOES NOT PAY ANY DIRECT SALARIES, BUT REIMBURSES THE INSTITUTE OF INTERNAL AUDITORS, INC. (EIN: 13-5532538) FOR SALARY COSTS ATTRIBUTABLE TO THE ORGANIZATION'S SHARE OF EMPLOYEE COSTS. THE INSTITUTE OF INTERNAL AUDITORS INC. HAS ADOPTED AN EXECUTIVE COMPENSATION SETTING POLICY APPLICABLE TO ALL DISQUALIFIED PERSONS, INCLUDING THE ORGANIZATION'S CEO, OFFICERS, AND KEY EMPLOYEES. UNDER THE POLICY, AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES THE COMPENSATION LEVELS OF ALL INDIVIDUALS SUBJECT TO THE POLICY. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY SUBSTANTIATED. THE COMMITTEE UTILIZES COMPARABILITY DATA IN ITS DELIBERATIONS; UPDATED COMPARABILITY DATA IS GENERALLY OBTAINED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19: INTERNAL AUDIT FOUNDATION PROVIDES, UPON REQUEST, COPIES OF ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. THE ORGANIZATION'S FINANCIAL STATEMENTS CAN ALSO BE ACCESSED VIA ITS WEBSITE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6140(D). FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS, OR A COMMITTEE THEREOF, ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:243242 THE INSTITUTE OF INTERNAL AUDITORS INC 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 135532538 Bus Assoc NY 501(C)(6) N/A NA false CANADIAN INSTITUTE OF INTERNAL AUDITORS 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 Education CA 501c6 equiv N/A IIA INC false false false true true true false false false false false false false false false true false false false false THE INSTITUTE OF INTERNAL AUDITORS INC C 75000 FMV THE INSTITUTE OF INTERNAL AUDITORS INC D 171778 FMV THE INSTITUTE OF INTERNAL AUDITORS INC E 68600 FMV THE INSTITUTE OF INTERNAL AUDITORS INC O 424792 FMV SCHEDULE R, PART II, PRIMARY ACTIVITY THE INSTITUTE OF INTERNAL AUDITORS INC: PRIMARY ACTIVITY: BUSINESS ASSOCIATION. CANADIAN INSTITUTE OF INTERNAL AUDITORS : PRIMARY ACTIVITY: PROMOTING THE DEVELOPMENT OF EDUCATIONAL PROGRAMS IN INTERNAL AUDITING.