2025-11-14T13:08:42+00:00 2024-12-31 135381590 BDO USA 450 S ORANGE AVE STE 550 ORLANDO FL 328013308 990 2024-01-01 591859804 INTERNAL AUDIT FOUNDATION INTE 4079371300 1035 GREENWOOD BOULEVARD 401 LAKE MARY FL 32746 ANN S COHEN CFO 4079371300 2025-11-14 true true JAKE COOK P01240455 4078416930 2025-11-13 2024 2025-03-06 01:10:19Z ANTHONY S PUGLIESE 1035 GREENWOOD BOULEVARD 401 LAKE MARY FL 32746 2877428 false X WWW.THEIIA.ORG X 1976 DC ELEVATING AND GROWING INTERNAL AUDIT WORLDWIDE. 15 14 0 33 0 1050260 2083065 0 29630 137794 49319 0 1129209 2220859 102509 119059 0 424792 456787 0 0 874131 893768 1401432 1469614 -272223 751245 5672334 7452659 115206 957341 5557128 6495318 X 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. FUELED BY THE GENEROSITY OF DONORS, THE INTERNAL AUDIT FOUNDATION EMPOWERS THE INTERNAL AUDIT PROFESSION BY DEVELOPING CUTTING-EDGE RESEARCH AND PROGRAMS. THE FOUNDATION HELPS CURRENT AND FUTURE INTERNAL AUDITORS STAY RELEVANT BY BUILDING AND ENHANCING THEIR SKILLS AND KNOWLEDGE, ENSURING ORGANIZATIONS ARE EQUIPPED TO CREATE, PROTECT, AND SUSTAIN LONG-TERM VALUE. true false 393418 99309 THE FOUNDATION PROVIDES GRANTS TO EDUCATIONAL INSTITUTIONS WORLDWIDE THAT PARTICIPATE IN THE IIA'S INTERNAL AUDIT ACADEMIC ALLIANCE, A PROGRAM CREATED TO STRENGTHEN AND EXPAND INTERNAL AUDIT EDUCATION IN HIGHER EDUCATION. THROUGH THE ALLIANCE, SCHOOLS INCORPORATE AN INTERNAL AUDITING CURRICULUM WITHIN AN UNDERGRADUATE OR GRADUATE DEGREE PROGRAM ENDORSED BY THE IIA. THE FOUNDATION CONDUCTS AN ANNUAL GRANT CYCLE EACH YEAR THROUGH WHICH SCHOOLS MAY APPLY FOR FUNDING TO SUPPORT CURRICULUM DEVELOPMENT AND PROGRAM GROWTH AND MARKETING. 144739 14000 THE FOUNDATION CONDUCTS AND FUNDS RESEARCH ON THE INTERNAL AUDIT PROFESSION, INCLUDING STUDIES ON EMERGING PRACTICES, THE EFFECTS OF MACROECONOMIC, TECHNOLOGICAL, AND ENVIRONMENTAL FACTORS, AND THE FUTURE OF THE PROFESSION. IN COLLABORATION WITH ACADEMICS AND PARTNER ORGANIZATIONS, THE FOUNDATION PRODUCES REPORTS BASED ON BOTH QUANTITATIVE AND QUALITATIVE METHODS. 136489 5750 THE FOUNDATION PROVIDES A GLOBAL GRANT PROGRAM TO PROVIDE TEMPORARY FUNDING SUPPORT TO IIA INSTITUTES AND CHAPTERS TO STRENGTHEN MEMBER PROGRAMS AND SERVICES.THESE GRANTS SUPPORT INITIATIVES SUCH AS CERTIFICATION TRAINING, STUDENT AND UNIVERSITY AWARENESS PROGRAMS, AND EQUIPMENT NEEDS. 674646 true true false false false false false false false true true false false true true true false true false false true true false false false false false true true true false false false false false false false false false false false false false false false true false false true false true 7 0 true 0 false false false false false false false false false false false false X 15 14 false false false false true true false true true false false false false true true true true true false false false false CA CO CT DC FL GA AL HI IL KS KY ME AK MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN VA AR WA WV WI X ANN S COHEN 4079371300 1035 GREENWOOD BOULEVARD NO 401 LAKE MARY FL 32746 ANTHONY PUGLIESE IIA President 1.0 39.0 X X 0 1141126 141672 GLENN HO SR VICE PRESIDENT 2.0 0 X X 0 0 0 SARAH FEDELE VICE PRES, FINANCE/DEVELOPMENT 2.0 0 X X 0 0 0 WARREN W STIPPICH PRESIDENT 2.0 0 X X 0 0 0 YULIA GURMAN VICE PRESIDENT, CONTENT 2.0 10.0 X X 0 0 0 DAWN JONES MEMBER (AS OF 07/2024) 2.0 0 X 0 0 0 HOSSAMELDIN EL SHAFFEI MEMBER 2.0 0 X 0 0 0 JOSE CALERON MEMBER (AS OF 07/2024) 2.0 0 X 0 0 0 MICHAEL SMITH MEMBER (AS OF 07/2024) 2.0 0 X 0 0 0 NORA ATEF REDA ZEID KELANI MEMBER 2.0 0 X 0 0 0 RAOUL MENES MEMBER 2.0 0 X 0 0 0 REYES FUENTES ORTEA MEMBER 2.0 10.0 X 0 0 0 SHIRLEY MACHABA MEMBER 2.0 0 X 0 0 0 SUBRAMANIAN BHASKAR MEMBER 2.0 0 X 0 0 0 SUSAN HASELEY MEMBER (AS OF 07/2024) 2.0 0 X 0 0 0 ANN S COHEN CFO-EVP, ACCT, FINANCE, & TECH 1.0 39.0 X 0 592613 96636 LAURA LEBLANC SR. DIRECTOR, IAF (AS OF 07/2024) 39.0 1.0 X 0 203155 40394 JAVIER FALEATO EVP GLOBAL STRATEGY 6.0 34.0 X 0 492472 111272 0 2429366 389974 0 false true false 0 75000 2008065 2083065 0 0 0 0 0 104053 104053 0 0 690310 656569 33741 0 33741 33741 0 0 0 0 0 2220859 0 0 137794 X 92559 92559 12500 12500 14000 14000 354735 354735 102052 102052 17655 17655 10436 10436 196259 0 196259 0 22527 22527 7308 53 7255 33603 32630 973 280 280 OVERHEAD ALLOCATION 599335 41630 557705 MISCELLANEOUS EXPENSE 6365 1960 4405 0 0 0 0 1469614 674646 794968 0 1849645 2879571 71916 73058 0 0 69671 50642 169136 169136 0 3473513 3787815 0 0 207589 661573 5672334 7452659 315 31395 0 114891 925946 115206 957341 X 4351856 5276886 1205272 1218432 5557128 6495318 5672334 7452659 751245 186945 0 X false true true false X 958343 809300 643353 1050260 2083065 5544321 1177272 1076178 181685 0 0 2435135 0 0 0 2135615 1885478 825038 1050260 2083065 7979456 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7979456 61192 126933 116258 135850 104053 544286 0 61192 126933 116258 135850 104053 544286 0 0 0 0 0 0 0 2196807 2012411 941296 1186110 2187118 8523742 0.93614 0.94111 0.06 0.0589 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249168 0 5325 8500 245993 217873 1779 29516 249168 259371 1214 -42712 217873 235002 2162 22207 259371 217968 3361 13673 235002 0.0 0.5609 0.4391 false false 169136 169136 0 0 DUE FROM AFFILIATES 661573 661573 Federal Income Taxes DUE TO AFFILIATES 925946 925946 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds 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 FIN 48 (ASC 740) footnote 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 THAT MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE ACCOMPANYING 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, 2021. true Sub-Saharan Africa 0 0 Grantmaking 9000 Europe (Including Iceland and Greenland) 0 0 Grantmaking 5000 0 0 0 0 0 0 14000 0 14000 Sub-Saharan Africa ACADEMIC ADVANCEMENT 9000 WIRE 0 1 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds 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 F, Part I, Line 3 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual true TEXAS A&M FOUNDATION 401 GEORGE BUSH DR COLLEGE STN TX 07784 742245072 501(c)(3) 13000 ACADEMIC ADVANCEMENT LOUISIANA STATE UNIVERSITY 240 THOMAS BOYD HL BATON ROUGE LA 70803 726000848 501(c)(3) 9000 ACADEMIC ADVANCEMENT SEATTLE UNIVERSITY 901 12TH AVE SEATTLE WA 98122 910565006 501(c)(3) 9000 ACADEMIC ADVANCEMENT KENNESAW STATE UNIVERSITY RESEARCH 560 PARL GARDEN WAY KENNESAW GA 30144 580965786 501(c)(3) 8500 ACADEMIC ADVANCEMENT PITTSBURG STATE UNIVERSITY 1701 S BROADWAY PITTSBURG KS 66762 223981479 501(c)(3) 6000 ACADEMIC ADVANCEMENT UNIVERSITY AT BUFFALO 12 CAPEN HALL BUFFALO NY 14260 161514621 501(c)(3) 5500 ACADEMIC ADVANCEMENT 6 0 LARRY SAWYER SCHOLARSHIP 2 7000 MICHAEL J. BARRETT AWARD 2 5500 Schedule I, Part III LINE 2 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. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds 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. false true false false false false false false false ANTHONY PUGLIESE IIA President 0 729890 0 270000 0 141236 0 99150 0 42522 0 1282798 0 81134 ANN S COHEN CFO-EVP, ACCT, FINANCE, & TECH 0 420490 0 91125 0 80998 0 69007 0 27629 0 689249 0 60906 LAURA LEBLANC SR. DIRECTOR, IAF (AS OF 07/2024) 0 179005 0 23760 0 390 0 14770 0 25624 0 243549 0 0 JAVIER FALEATO EVP GLOBAL STRATEGY 0 356433 0 77625 0 58414 0 74070 0 37202 0 603744 0 43271 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation 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 Supplemental nonqualified retirement plan 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). PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDUALS DURING 2024: ANTHONY PUGLIESE - $81,134 ANN S. COHEN - $60,906 JAVIER FALEATO - $43,271 Form 990, Part III, Line 2 New program services THE FOUNDATION PROVIDES A GLOBAL GRANT PROGRAM TO PROVIDE TEMPORARY FUNDING SUPPORT TO IIA INSTITUTES AND CHAPTERS TO STRENGTHEN MEMBER PROGRAMS AND SERVICES.THESE GRANTS SUPPORT INITIATIVES SUCH AS CERTIFICATION TRAINING, STUDENT AND UNIVERSITY AWARENESS PROGRAMS, AND EQUIPMENT NEEDS. Form 990, Part VI, 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, Line 6 Classes of members or stockholders THE MEMBERS OF THE ORGANIZATION ARE THE BOARD OF DIRECTORS OF THE INSTITUTE OF INTERNAL AUDITORS (EIN: 13-5532538). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE ORGANIZATION HAS ONE CLASS OF MEMBERS. ALL MEMBERS CAN VOTE AT MEMBERSHIP MEETINGS. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 19 Required documents available to the public 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 IX, Line 11g Other Fees OTHER PROFESSIONAL FEES - Total Expense: 196259, Program Service Expense: , Management and General Expenses: 196259, Fundraising Expenses: ; THE INSTITUTE OF INTERNAL AUDITORS INC 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 135532538 BUSINESS ASSOCIATION NY 501(c)(6) NA false CANADIAN INSTITUTE OF INTERNAL AUDITORS 1035 GREENWOOD BLVD STE 401 LAKE MARY FL 32746 PROMOTING THE DEVELOPMENT OF EDUCATIONAL PROGRAMS IN INTERNAL AUDITING 501(c)(6) THE INSTITUTE OF INTERNAL AUDITORS 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 661573 FMV THE INSTITUTE OF INTERNAL AUDITORS INC E 925946 FMV THE INSTITUTE OF INTERNAL AUDITORS INC O 456787 FMV