Institute Of Internal Auditors
- Assets
- $99.5m
- Revenue
- $64.2m
- Investments
- $52.6m
- Employees
- 263
- Location
- Lake Mary, FL
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 13-5532538
Organization Overview
Institute Of Internal Auditors is located in Lake Mary, FL. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Institute Of Internal Auditors employed 263 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Institute Of Internal Auditors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Institute Of Internal Auditors generated $64.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $63.1m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE INTERNAL AUDIT PROFESSION AROUND THE WORLD BY ADVOCATING AND PROMOTING INTERNAL AUDIT'S VALUE TO KEY STAKEHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER COMPETENCY AND LEARNING - PROMOTE COMPETENCY AND LEARNING THROUGH CONFERENCES, WEBINARS AND CERTIFICATE PROGRAMS.
MEMBERSHIP - CREATING MEANINGFUL CONNECTIONS AND RELATIONSHIP BUILDING GLOBALLY.
CERTIFICATIONS - ELEVATING THE PROFESSION THROUGH CERTIFICATIONS AND ENABLING PRACTITIONERS TO DEMONSTRATE THEY ARE EQUIPPED TO ADD VALUE TO KEY STAKEHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Pugliese President & CEO | OfficerTrustee | 40 | $834,687 |
Heather Pownall Evp Strat/ppl/innov Thru 11/22 | Officer | 30 | $704,672 |
Ann S Cohen Cfo-Evp Acct, Finance, & Tech | Officer | 40 | $507,522 |
Charles Redding Cio | 40 | $473,310 | |
Monica Griffin Evp Mbr Value, Mkt Thru 10/22 | Officer | 40 | $458,041 |
Ying Bi Evp Standard Cert & Fdn | Officer | 40 | $433,602 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ncs Pearson Inc Prof Testing Svcs | 12/30/22 | $2,861,968 |
Pm Tech Solutions Inc Informational Tech | 12/30/22 | $707,540 |
Savor Catering Services | 12/30/22 | $597,519 |
Episerver Computer Services | 12/30/22 | $300,593 |
Genpact Uk Limited Informational Tech | 12/30/22 | $268,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $62,244,870 |
| Investment income | $1,834,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $422,508 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$256,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,245,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,100 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $46,872 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,679,479 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,738,045 |
| Pension plan accruals and contributions | $1,078,451 |
| Other employee benefits | $2,069,034 |
| Payroll taxes | $1,424,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168,480 |
| Fees for services: Accounting | $196,856 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $141,929 |
| Fees for services: Other | $11,888,562 |
| Advertising and promotion | $1,458,908 |
| Office expenses | $2,745,688 |
| Information technology | $0 |
| Royalties | $219,705 |
| Occupancy | $1,491,658 |
| Travel | $5,597,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,621 |
| Payments to affiliates | $3,854,922 |
| Depreciation, depletion, and amortization | $2,081,223 |
| Insurance | $306,127 |
| All other expenses | $850,171 |
| Total functional expenses | $63,143,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,542,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,624,993 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,350,562 |
| Net Land, buildings, and equipment | $7,927,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $52,576,823 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,465,968 |
| Total assets | $99,489,012 |
| Accounts payable and accrued expenses | $8,957,466 |
| Grants payable | $0 |
| Deferred revenue | $14,068,341 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,839,914 |
| Total liabilities | $31,865,721 |
| Net assets without donor restrictions | $67,623,291 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $99,489,012 |
Grants Awarded
Over the last fiscal year, Institute Of Internal Auditors has awarded $85,007 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AICPA FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
INTERNAL AUDIT FOUNDATION PURPOSE: COMMON BODY OF KNOWLEDGE RESEARCH PROJECT | $80,007 |