Institute Of Internal Auditors
- Assets
- $178.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 01/1992
- Data as of
- 05/2022
- EIN
- 23-7404515
Organization Overview
Institute Of Internal Auditors is located in Baltimore, MD. The organization was established in 1992. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within 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 05/2022, Institute Of Internal Auditors generated $14.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.8%) each year. All expenses for the organization totaled $27.2k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE SENT OUT 10000 IN SCHOLARSHIPS AND ADMINISTERED SEMINARS WITH PAID SPEAKERS TO EARN CPE FOR OUR MEMBERS. WE ALSO HELD SOCIAL EVENTS AND CELEBRATIONS FOR RELATED ACCOMPLISHMENTS IN THE AUDIT FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Chadwick President | 5 | $0 | |
Erica Washington VP Programs | 5 | $0 | |
Kevin Strickler Webmaster | 5 | $0 | |
Michael Bengston Treasurer | 5 | $0 | |
Teri Haddox Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,795 |
| Membership dues | $2,978 |
| Investment income | $38 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,811 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $611 |
| Other expenses | $4,236 |
| Total expenses | $27,247 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $178,658 |
| Other assets | $0 |
| Total assets | $178,658 |
| Total liabilities | $0 |
| Net assets or fund balances | $178,658 |
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