International Foundation For Ethics And Audit
- Assets
- $4.7m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 92-0748086
Organization Overview
International Foundation For Ethics And Audit is located in New York, NY. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation For Ethics And Audit is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO SUPPORT THE DEVELOPMENT OF HIGH-QUALITY INTERNATIONAL STANDARDS IN ETHICS, AUDIT, AND ASSURANCE BY:ENSURING AN INDEPENDENT, TECHNICALLY EXPERT, AND RIGOROUS STANDARD-SETTING PROCESS FOR ETHICS, AUDIT, AND ASSURANCE;SUPPORTING THE PUBLIC INTEREST THROUGHOUT THE ENTIRE STANDARD-SETTING PROCESS IN ETHICS, AUDIT, AND ASSURANCE; THROUGH THE IAASB AND IESBA, CONDUCTING RESEARCH TO SUPPORT DEVELOPING, ADOPTING, AND IMPLEMENTING INTERNATIONAL STANDARDS AND TO HELP EDUCATE AND INFORM STAKEHOLDERS.TRANSPARENT, HIGH-QUALITY INTERNATIONAL STANDARDS ARE ESSENTIAL PILLARS OF THE GLOBAL CORPORATE REPORTING ARCHITECTURE. THEIR ADOPTION AND IMPLEMENTATION IMPROVE THE AVAILABILITY OF HIGH-QUALITY FINANCIAL AND NON-FINANCIAL INFORMATION FOR STAKEHOLDERS, INVESTORS, AND THE PUBLIC SUPPORTING TRUST AND CONFIDENCE IN CORPORATE REPORTING AND ASSURANCE AND GREATER ECONOMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTERNATIONAL FOUNDATION FOR ETHICS AND AUDIT (IFEA), IS A NONPROFIT CORPORATION REGISTERED IN DELAWARE. IT WILL HOUSE TWO STANDARD SETTING BOARDS FORMERLY WITHIN IFAC, NAMELY, INTERNATIONAL ETHICS STANDARDS BOARDS FOR ACCOUNTANTS (IESBA) AND INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD (IAASB). IFEA WILL SUPPORT THE DEFENSE OF THE PUBLIC INTEREST THROUGHOUT THE ENTIRE STANDARD SETTING PROCESS IN AUDIT AND ETHICS RELATED FIELDS AND ALSO CONDUCT RESEARCH TO SUPPORT THE DEVELOPMENT, ADOPTION AND IMPLEMENTATION STANDARDS IN THE FIELD OF AUDIT, ASSURANCE AND ETHICS, AND TO EDUCATE AND INFORM STAKEHOLDERS AND INTERESTED PARTIES REGARDING THE SAME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Seidenstein Co-Ceo From 12/1 | Officer | 0.5 | $0 |
Gabriela Figueiredo Dias Co-Ceo From 12/1 | Officer | 0.5 | $0 |
James Gunn Secretary/treasurer From 12/1 | Officer | 0.5 | $0 |
Linda DE Beer Chair | Trustee | 0.5 | $0 |
Gonzalo Ramos Trustee | Trustee | 0.5 | $0 |
Michael Hafeman Trustee | Trustee | 0.5 | $0 |
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 | $0 |
| Investment income | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Legal | $1,514 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $6,500 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $14,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,143,493 |
| Savings and temporary cash investments | $523,775 |
| 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 | $72,257 |
| 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 | $4,739,525 |
| Accounts payable and accrued expenses | $28,539 |
| Grants payable | $0 |
| Deferred revenue | $4,725,000 |
| 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 | $0 |
| Total liabilities | $4,753,539 |
| Net assets without donor restrictions | $0 |
| 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 | -$14,014 |
| Total liabilities and net assets/fund balances | $4,739,525 |