Isaca Foundation
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Schaumburg, IL
- Founding
- Data as of
- 12/2022
- EIN
- 83-4605433
Organization Overview
Isaca Foundation is located in Schaumburg, IL. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Isaca Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isaca Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Isaca Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 13.4% per year over the past 4 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
ONE IN TECH, AN ISACA FOUNDATION ("OIT") PROVIDES WORKFORCE DEVELOPMENT THROUGH ITS PROGRAMS, PARTNERSHIPS, SCHOLARSHIPS, AND GRANTMAKING FOR THE UNDER-REPRESENTED, TO BUILD A MORE DIVERSE, INCLUSIVE CYBER INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE IN TECH, AN ISACA FOUNDATION CELEBRATES THE MANY ACHIEVEMENTS IN OUR WORK TO ADDRESS THE CYBER WORKFORCE GAP BY BUILDING DIVERSITY AND INCLUSION INTO CAREER PIPELINES. HIGHLIGHTS INCLUDE: * PROVIDED 134 ACADEMIC SCHOLARSHIPS TO STUDENTS AROUND THE WORLD ENABLING THEM TO BEGIN AND CONTINUE THEIR EDUCATION IN CYBER SKILLS. * PAID OUT NEARLY $450,000 IN SCHOLARSHIP AWARDS * CONNECTED THESE 134 AWARDEES WITH MENTORING, CYBER CLASSES, NETWORKING, AND A PIPELINE INTO CAREERS * COLLABORATED WITH OVER 75 CHAPTERS, CORPORATIONS, AND NONPROFIT ORGANIZATIONS FOR EXPANDED GLOBAL IMPACT * SERVED PEOPLE IN OVER 85 COUNTRIES WITH RESOURCES, ACTIVITIES, AND CAREER PIPELINES.
SHELEADSTECH CONTINUES TO CREATE PATHWAYS FOR WOMEN TO ADVANCE IN DIGITAL TRUST AND RESOURCE THEIR DEVELOPMENT WITH TECHNICAL PROGRAMMING, PROFESSIONAL SKILL BUILDING, AND A COMMUNITY OF OTHER WOMEN AND ALLIES IN THE INDUSTRY. ONE IN TECH'S COLLABORATION WITH ISACA TO PROVIDE GLOBAL MENTORING AND OUR MULTIPLE NETWORKING OPPORTUNITIES FUELED CONNECTIONS TO SUPPORT WOMEN IN ADVANCING CAREERS. WE CONNECTED WOMEN TO CERTIFICATION SEEKERS AND INSTRUCTORS, POTENTIAL SPONSORS AND COACHES, AND A MYRIAD OF OTHER TOOLS AND TIPS DESIGNED TO CREATE GENDER BALANCE IN THE INDUSTRY. IN ADDITION, OIT SHELEADSTECH: * AWARDED 70 PROFESSIONAL DEVELOPMENT SCHOLARSHIPS TO WOMEN TO BUILD AND ADVANCE THEIR CAREERS * ENGAGED OVER 8,500 WOMEN THROUGH SHELEADSTECH ACTIVITIES, RESOURCES, AND EVENTS * OFFERED A ROBUST SHELEADSTECH TOOLKIT WITH EDUCATIONAL AND ACTION-ORIENTED MODULES TO ISACA CHAPTERS FOR GLOBAL DISSEMINATION * HELD OVER 150 EVENTS UNDER THE SHELEADSTECH BANNER * JOINED FORCES WITH ISACA'S MENTORSHIP PROGRAM TO OFFER 100 WOMEN MENTORING RELATIONSHIPS * SECURED AND ACTIVATED NEARLY 200 SHELEADSTECH AMBASSADORS WHO ADVOCATE AND SUPPORT GENDER-DIVERSITY IN THE CYBER WORLD.
ONE IN TECH AND ISACA ARE ALWAYS LEARNING. OUR MULTIPLE CAREER PANELS AND CONFERENCE SESSIONS ON ALLYSHIP AND DIVERSITY, EQUITY, AND INCLUSION ("DEI") IN ACTION SERVED NEARLY 4,000 PARTICIPANTS AND HAVE ALLOWED US TO SHARE VALUABLE LESSONS ON INCLUSION AND EQUITY. OUR EFFORTS ARE HELPING THE TECH INDUSTRY - AND THE PROFESSIONALS WE SERVE - EVOLVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President, Director & Isaca CEO | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair (june - December 2022) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director (january - May 2022) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Chair, 2019-2022 | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,303,330 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,369,117 |
| Total Program Service Revenue | $0 |
| Investment income | $10,906 |
| 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 | $1,380,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $343,200 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $89,902 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,451 |
| Compensation of current officers, directors, key employees. | $68,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,620 |
| Pension plan accruals and contributions | $18,220 |
| Other employee benefits | $26,099 |
| Payroll taxes | $30,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,451 |
| Fees for services: Accounting | $4,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,465 |
| Advertising and promotion | $0 |
| Office expenses | $7,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,301,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,361,844 |
| Savings and temporary cash investments | $801,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $923 |
| 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 | $408 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,164,846 |
| Accounts payable and accrued expenses | $366,997 |
| Grants payable | $0 |
| Deferred revenue | $340,000 |
| 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 | $874,938 |
| Total liabilities | $1,581,935 |
| Net assets without donor restrictions | $567,551 |
| Net assets with donor restrictions | $15,360 |
| 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 | $2,164,846 |
Grants Awarded
Over the last fiscal year, Isaca Foundation has awarded $119,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ACTIVATE AND IMPLEMENT LLC PURPOSE: Professional Services Award given to SheLeadsTech Participants. Scholarship program wherein we support women currently in cyber roles to accelerate their careers into leadership roles. | $20,000 |
CLARK STRATEGIC COMMUNICATIONS INC PURPOSE: Professional Services Award given to SheLeadsTech Participants. Scholarship program wherein we support women currently in cyber roles to accelerate their careers into leadership roles. | $10,000 |
GWINNETT TECHNICAL COLLEGE PURPOSE: Scholarship Program created to assist students in need pursuing careers in tech | $10,000 |
HOWARD UNIVERSITY PURPOSE: Scholarship Program created to assist students in need pursuing careers in tech | $25,000 |
MONTGOMERY COLLEGE PURPOSE: Scholarship Program created to assist students in need pursuing careers in tech | $10,000 |
TEXAS A&M UNIVERSITY PURPOSE: Scholarship Program created to assist students in need pursuing careers in tech | $10,000 |