Institute Of Internal Auditors
- Assets
- $941.7k
- Revenue
- $430.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/1992
- Data as of
- 05/2022
- EIN
- 23-7407276
Organization Overview
Institute Of Internal Auditors is located in Houston, TX. 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 $430.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $354.5k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. 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
THE HOUSTON CHAPTER OF THE INSTITUTE OF INTERNAL AUDITORS IS A PROFESSIONAL ASSOCIATION OF INTERNAL AUDITORS INVOLVED IN PROMOTING PROFESSIONAL GROWTH AND PROGRESS FOR THE PRACTICE OF INTERNAL AUDITING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IIA ANNUAL CONFERENCE: CONDUCTED ANNUAL CONFERENCE TO ALLOW MEMBERS TO MEET THEIR CONTINUING EDUCATIONAL REQUIREMENTS AND EXPAND THEIR PROFESSIONAL NETWORK THROUGH LEARNING AND KNOWLEDGE SHARING
MEETINGS AND SEMINARS: CONDUCTED PERIODIC LUNCHEON MEETINGS AND SEMINARS TO ALLOW MEMBERS TO MEET THEIR CONTINUING EDUCATIONAL REQUIREMENTS AND EXPAND THEIR PROFESSIONAL NETWORK THROUGH LEARNING AND SHARING KNOWLEDGE
NETWORKING EVENTS: CONDUCTED SOCIAL EVENTS TO ALLOW MEMBERS TO EXPAND THEIR PROFESSIONAL SOCIAL NETWORK THROUGH LEARNING AND SHARING KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chrysti Zeigler President | OfficerTrustee | 2 | $0 |
Chad Cranford VP Seminars | Officer | 2 | $0 |
Michael Mcmanus VP Membership | Officer | 2 | $0 |
Jennifer Zhang VP Administration | Officer | 2 | $0 |
Sara Sandland VP Communications | Officer | 2 | $0 |
Tim Chase VP Academic Relations | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,701 |
| 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 | $18,701 |
| Total Program Service Revenue | $394,705 |
| Investment income | $16,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,855 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,365 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263,988 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $779 |
| Total functional expenses | $354,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,378 |
| Savings and temporary cash investments | $27,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $669,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $941,717 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $941,717 |
| 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 | $941,717 |
Grants Awarded
Over the last fiscal year, Institute Of Internal Auditors has awarded $45,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF HOUSTON PURPOSE: Scholarships | $25,000 |
Lake Mary, FL PURPOSE: Support for scholarships and research projects | $20,000 |