2016-08-08T16:21:51-05:00 2015-12-31 204193611 Batts Morrison Wales & Lee PA 801 North Orange Avenue Suite 800 Orlando FL 32801 990 2015-01-01 135532538 The Institute of Internal Auditors Inc INST 4079371100 247 Maitland Avenue Altamonte Springs FL 32701 Ann S Cohen Sr. VP,CFO 4079371100 2016-07-27 1 Michele M Wales P00428093 4077706000 2016-07-27 2015 2016-12-15 16:53:06Z Richard Chambers 247 Maitland Avenue Altamonte Springs FL 32701 62016061 0 X WWW.THEIIA.ORG X 1941 NY Business Association 38 36 243 400 3032648 45004 0 50750 38077230 45488640 1309449 1083123 4948245 4560635 44334924 51183148 335518 373271 0 0 16787964 20780593 0 0 0 22202304 26197832 39325786 47351696 5009138 3831452 56228336 60136782 19983348 20853327 36244988 39283455 The mission of The Institute of Internal Auditors is to provide dynamic leadership for the global profession of internal auditing. 0 0 Training and education for internal auditors. Publications which inform internal auditors and I.I.A. members of current professional issues, standards, and practices. Offering examinations on professional issues and certifying those who demonstrate acceptable performance. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 132 0 1 243 1 1 1 1 CA 0 0 0 0 X 38 36 0 0 1 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X The Organization 4079371100 247 Maitland Avenue Altamonte Springs FL 32701 Lawrence J Harrington Chair/Sr Vice Chair 10.00 2.00 X X 0 0 0 Angela Witzany Sr Vice Chair/Vice Chair 10.00 2.00 X X 0 0 0 Harold Silverman Vice Chairman 10.00 X X 0 0 0 Naohiro Mouri Vice Chairman 10.00 X X 0 0 0 J Michael Peppers Vice Chairman 10.00 X X 0 0 0 Frank O'Brien Vice Chairman 10.00 4.00 X X 0 0 0 Sarah Kaye Blackburn Vice Chairman 10.00 X X 0 0 0 Renato Triscuizzi Secretary/Vice Chairman 10.00 X X 0 0 0 Anton B van Wyk Immediate Past Chr/ Chair 10.00 X X 0 0 0 Paul J Sobel Past Chairman 10.00 X X 0 5000 0 Charlotta Lofstrand Hjelm Secr/Dir(term end 7/15) 10.00 X X 0 0 0 Philip D Tarling Past Chr/Dir(trm end 7/15) 10.00 X X 0 0 0 J Michael Joyce North America Director 10.00 X 0 0 0 Princy Jain North America Director 10.00 X 0 0 0 Michael Cowell North America Director 10.00 X 0 0 0 Pamela Short Jenkins North America Director 10.00 X 0 0 0 Shannon J Urban North America Director 10.00 X 0 0 0 Robert B Kuling North America Director 10.00 X 0 0 0 Eric N Allegakoen North America Director 10.00 X 0 0 0 Karen Brady North America Director 10.00 X 0 0 0 Michael Pryal North America Director 10.00 2.00 X 0 0 0 John W Wszelaki North America Director 10.00 X 0 0 0 Carolyn Saint NA Director(term end 7/15) 10.00 X 0 0 0 Jorge Gonzalo Badillo Ayala Director at Large 10.00 X 0 0 0 Catherine J Blunt Director at Large 10.00 X 0 0 0 Lesedi Lesetedi Director at Large 10.00 X 0 0 0 Karem T Obeid Director at Large 10.00 X 0 0 0 Christine May Ee Ong Director at Large 10.00 X 0 0 0 Archie Thomas Director at Large 10.00 X 17021 9500 0 Yi-Hsin Doris Wang Director at Large 10.00 X 0 0 0 Richard F Chambers President/CEO 40.00 4.00 X X 608625 0 160649 Agust Hrafnkelsson Dir at Lrg(term end 7/15) 10.00 X 0 0 0 Stephen J Horne Institute Director 10.00 X 0 0 0 Oswaldo Basile Institute Director 10.00 X 0 0 0 Sheng Xi Institute Director 10.00 X 0 0 0 Beatriz Sanz Redrado Institute Director 10.00 X 0 0 0 Oliver Dieterle Institute Director 10.00 X 0 0 0 Sakiko Sakai Institute Director 10.00 X 0 0 0 John Bendermacher Institute Director 10.00 X 0 0 0 Rob Newsome Institute Director 10.00 X 0 0 0 Ernesto Martinez Gomez Institute Director 10.00 X 0 0 0 Nicola Rimmer Institute Director 10.00 X 0 0 0 Giovanni Grossi Inst. Dir(term end 7/15) 10.00 X 0 0 0 David N Polansky EVP/CFO (thru 4/15) 40.00 4.00 X 248468 0 15093 Ann S Cohen Sr. VP / CFO 40.00 4.00 X 112709 0 31020 Charles Redding EVP/Chief Information Officer 40.00 X 323112 0 96548 William Michalisin EVP/Chief Officer NA Operations 40.00 4.00 X 270175 0 128312 Hal Garyn SVP/Chief Officer Strategy and Development 40.00 X 263422 0 80188 Kevin Mayeux SVP/Chief Officer NA Operations 40.00 4.00 X 253957 0 16021 Paul Skurecki VP Finance 40.00 2.00 X 248755 0 39099 2346244 14500 566930 50 0 1 0 NCS Pearson Inc 13036 Collections Center Drive Chicago IL 60693 Professional testing services 1889403 Vancouver Convention Center 1055 Canada Place Vancouver British Columbia CA Conference facilities/accomod. 907200 ARIA Resort and Casino Holdings LLC 3730 S Las Vegas Blvd Las Vegas NV 89158 Conference facilities/accomod. 419754 Metro Connections 1420 Celebration Blvd Suite 200 Orlando FL 34747 Conference facilities/accomod. 401674 MicroTek 2145 Metrocenter Blvd Suite 150 Orlando FL 32835 Conference facilities/accomod. 381401 29 50750 50750 Seminars & conferences 541900 15565038 15565038 Membership dues 541900 13994813 13994813 Certification/exam fees 541900 13276802 13276802 Quality assessment 541900 1497890 1497890 Publications & sub. 511120 567425 567425 586672 586672 45488640 1556237 1556237 135656 135656 3990 0 3990 3990 3990 9159799 1200000 9685547 1147366 -525748 52634 -473114 -473114 CIA Learning System 541900 2817100 2817100 The Internal Auditor 541800 833396 833396 Website advertising 541800 395034 395034 375459 69131 306328 4420989 51183148 46876981 3032648 1222769 X 75000 298271 1193585 14366377 1213867 2850689 1156075 188671 386786 10000 38139 9663792 921220 4184443 553495 6299848 1289141 203151 Chapter and shared serv 1630370 Instructional materials 288594 Miscellaneous 283802 Dues & subscriptions 208724 47656 47351696 11015836 12023867 3430183 2065277 1833314 1782512 11621230 6792258 5335031 4828972 30450217 35567379 4163755 3868775 56228336 60136782 5649701 6605893 10820189 10689022 3513458 3558412 19983348 20853327 X 36216638 39255105 28350 28350 36244988 39283455 56228336 60136782 3831452 -792985 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 13994813 10000 10000 0 10000 114103 114103 3911517 1341723 2569794 689680 71288 618392 6905930 5379247 1526683 4828972 Restricted investments - employee savings plan 1659353 Deferred project costs 1013296 Due from affiliates 1196126 3868775 Deferred employee compensation 1659353 Due to affiliate 861243 Other 1037816 3558412 X Part X, Line 2: The Organization is exempt from federal income tax under Internal Revenue Code Section 501(a) as an organization described in Section 501(c)(6) and from state income tax pursuant to state law. The Organization engages in certain activities which are "unrelated business activities" as defined by the Internal Revenue Code, and which are subject to taxation. Income taxes on unrelated business income are recognized as expenses as incurred. The Organization has not taken any material uncertain tax positions for which the associated tax benefits may not be recognized under accounting principles generally accepted in the United States of America. Federal and state tax authorities may generally examine the Organization's income tax positions or (if applicable) returns for periods of approximately three to six years. 0 Central America and the Caribbean 0 0 Program services Onsite training classes, chapter allotments, and quality assessment review 4864 East Asia and the Pacific 0 0 Program services Onsite training classes, meetings and exam questions 443211 Europe 0 0 Program services Onsite training classes, quality assessment review, meetings and exam questions 133300 Middle East and North Africa 0 0 Program services Onsite training classes, meetings,quality assessment review and exam questions 94931 North America 1 4 Program services Onsite training classes, chapter allotments, quality assessment review, and meetings. 2015910 South America 0 0 Program services Onsite training classes, meetings and quality assessment review 2177 South Asia 0 0 Program services Meetings and exam questions 32040 Sub-Saharan Africa 0 0 Program services On-site training, meetings, exam questions 20516 Russia & the Newly Independent States 0 0 Program services Meeting expenses 1889 North America 0 0 Grant to related organization located in region 298271 1 4 0 0 1 4 2746949 300160 3047109 North America General support 298271 Wire 1 0 0 0 0 0 0 Schedule F, Part I, Line 2: The Organization maintains records to substantiate the amount of the grants or assistance, the recepient's eligibility for the grants or assistance, and the selection criteria used to award grants or assistance. The Organization oversees the activities of the grant recipients through overlapping management and leadership. Schedule F, Part I, Line 3: The Organization provides allotments to IIA Chapters in the Central American/Carribean and North America regions. 1 Institute of Internal Auditors - Research Foundation 247 Maitland Avenue Altamonte Springs FL 32801 591859804 501(c)(3) 75000 Common Body of Knowledge research project and publication 1 Part I, Line 2: The Organization oversees the activities of the Institute of Internal Auditors - Research Foundation through overlapping staff management and partial overlap on the governing boards. X X X 1 1 X X X X X X 0 1 0 Richard F Chambers President/CEO 440535 0 110000 0 58090 0 71986 0 88663 0 769274 0 50000 0 David N Polansky EVP/CFO (thru 4/15) 112743 0 55000 0 80725 0 7540 0 7553 0 263561 0 50000 0 Charles Redding EVP/Chief Information Officer 243112 0 40000 0 40000 0 73533 0 23015 0 419660 0 40000 0 William Michalisin EVP/Chief Officer NA Operations 215175 0 40000 0 15000 0 105297 0 23015 0 398487 0 0 0 Hal Garyn SVP/Chief Officer Strategy and Devel 202670 0 30000 0 30752 0 64615 0 15573 0 343610 0 25000 0 Kevin Mayeux SVP/Chief Officer NA Operations 165487 0 50000 0 38470 0 11821 0 4200 0 269978 0 30000 0 Paul Skurecki VP Finance 174755 0 50000 0 24000 0 23750 0 15349 0 287854 0 0 0 Part I, Line 1a On occasion, the Organization paid for first-class travel for the domestic portion of international trips taken by the President when international business class airfare was incurred. The President is authorized for first-class travel for domestic flights exceeding a specified duration when approved by the Chairman of the Board. The Organization paid for first-class travel for the domestic portion of one international trip taken by the Immediate Past Chairman when international business class airfare was incurred. The Organization also paid for first class travel for the domestic portion of three international trips taken by the Chairman when international business class airfare was incurred. The Organization paid the travel costs of the spouses of seven officers to attend the Organization's international conference. The spouses act as a welcoming committee to the delegates and their spouses. As such, the spouses perform significant duties for the Organization at the conference and their travel is for a bona fide business purpose of the Organization. Reimbursement of travel for applicable spouses of officers to attend the annual international conference is in accordance with the Organization's Board Policy Manual. Part I, Line 4b The President/CEO, EVP/Chief Financial Officer, Chief Information Officer, Chief Officer Strategy & Development, and Chief Officer of North America Operations participate in a nonqualified Section 457(f) deferred compensation plan. Contributions totaling $220,000 were deposited into the plan during the year ended December 31, 2015 on behalf of these individuals. Part II: The Organization has adopted an executive compensation setting policy applicable to all disqualified persons, including the Organization's President, officers, and key employees. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of all individuals subject to the policy. The deliberations and decisions of the committee are contemporaneously substantiated. The committee utilizes comparability data in its deliberations; updated comparability data is generally obtained annually. Part II: Line 1, Column C Included in deferred compensation for Richard Chambers is $85,716 accrued under a retention incentive agreement approved by the Compensation Committee of the Board of Directors of the Organization in December, 2014. This agreement was based upon guidance from an independent firm as to what would be considered reasonable and customary for a CEO of a similar organization. Under the agreement, Mr. Chambers would receive this retention incentive if he remains with the organization through the length of term of his contract, which expires July 31, 2019, and assists in the successful onboarding of his successor. Form 990, Part VI, Section A, line 4 During the year, the bylaws of the Organization were amended to eliminate the position of Secretary as a corporate officer. Form 990, Part VI, Section A, line 6 The Organization is a membership organization and therefore has members. Form 990, Part VI, Section A, line 7a The classes of the membership of the Organization include: Member, Educational Member, Student Member, Retired Member. All classes of membership can vote at membership meetings. Those members who are Certified Internal Auditors may also serve as officers or directors of the Organization. Form 990, Part VI, Section A, line 7b If an amendment of the Bylaws of the Organization is approved by a majority of the Board of Directors, it must then be approved by a majority of the voting members before it is declared effective. Form 990, Part VI, Section B, line 11 The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. The Form 990 is also reviewed by the Audit Committee, Global Finance Committee, the North American Board, and the entire Executive Committee of the Organization prior to its filing with the IRS. Finally, a copy of the Form 990 is provided to all members of the Board of Directors prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers, and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood, and agreed to comply with the policy, and certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy. Form 990, Part VI, Section B, line 15 The Organization has adopted an executive compensation setting policy applicable to all disqualified persons, including the Organization's CEO, officers, and key employees. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of all individuals subject to the policy. The deliberations and decisions of the committee are contemporaneously substantiated. The committee utilizes comparability data in its deliberations; updated comparability data is generally obtained annually. Form 990, Part VI, Section C, line 19 The Institute of Internal Auditors, Inc. provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest policy, and financial statements. The Organization's financial statements can also be accessed via its website. Form 990, Part IX, line 11g Professional fees associated with testing services 2,241,148. Professional writers/speakers 639,362. Professional fees associated with CIA Review Fees 1,481,255. Professional fees associated with conferences 715,275. Other professional services 4,586,752. Form 990, Part XII, Line 2c The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year. IIA Properties LLC 247 Maitland Avenue Altamonte Springs FL 32701 262730851 To own real property and carry on various real estate related transactions FL 0 0 The Institute of Internal Auditors Inc IIA Quality Services LLC 247 Maitland Avenue Altamonte Springs FL 32701 461822157 Professional services offering an external quality assessment FL -17300 929240 The Institute of Internal Auditors Inc Institute of Internal Auditors-Research Foundation 247 Maitland Avenue Altamonte Springs FL 32701 591859804 Research & Education in Internal Auditing DC 501(c)(3) 509(a)(2) N/A 1 Internal Auditing Academic Advancement Fund Inc 247 Maitland Avenue Altamonte Springs FL 32701 205370828 Promoting the development of educational programs in internal auditing FL 501(c)(3) 509(a)(3) - Type I N/A 1 Canadian Institute of Internal Auditors 247 Maitland Avenue Altamonte Springs FL 32701 Dynamic leadership for the Canadian profession of internal auditing CA 501(c)(6) equivalent N/A 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 Institute of Internal Auditors-Research Foundation B 75000 Fair market value Institute of Internal Auditors-Research Foundation O 1041719 Fair market value Institute of Internal Auditors-Research Foundation P 299339 Fair market value Institute of Internal Auditors-Research Foundation Q 528386 Fair market value Canadian Institute of Internal Auditors B 298271 Fair market value IIA Quality Services LLC D 133948 Fair market value Internal Auditing Academic Advancement Fund Inc D 655541 Fair market value