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← ISACA FOUNDATION

Form 990 for tax year 2023

Filed by ISACA FOUNDATION.

Totals

Total revenue
$1,886,915
Total expenses
$1,238,228
Contributions and grants received
$1,790,743
Grants paid
$341,625
Program service revenue
$0
Investment income
$96,172
Other revenue
$0
Total assets, end of year
$3,323,763
Total liabilities, end of year
$2,092,165
Net assets or fund balances, end of year
$1,231,598
Program services expenses (Part IX)
$996,129
Management and general expenses
$242,099
Fundraising expenses
$0
Program service expenses (Part III)
$996,129

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,250,000

  • 1f · All other contributions, gifts and grants

    $540,743

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $96,172 · excluded $96,172

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $253,025 · program services $253,025

  • 2 · Grants to domestic individuals

    total $14,600 · program services $14,600

  • 3 · Grants to foreign organizations and individuals

    total $74,000 · program services $74,000

  • 5 · Compensation of officers, directors and key employees

    total $165,039 · program services $123,779 · management and general $41,260

  • 7 · Other salaries and wages

    total $160,275 · program services $120,206 · management and general $40,069

  • 8 · Pension plan contributions

    total $524 · program services $393 · management and general $131

  • 9 · Other employee benefits

    total $19,618 · program services $14,714 · management and general $4,904

  • 10 · Payroll taxes

    total $23,229 · program services $17,422 · management and general $5,807

  • 11b · Fees: legal

    total $17,613 · management and general $17,613

  • 11c · Fees: accounting

    total $5,951 · management and general $5,951

  • 11g · Fees: other

    total $80,448 · program services $60,336 · management and general $20,112 · fundraising $0

  • 13 · Office expenses

    total $100,220 · program services $75,165 · management and general $25,055

  • 17 · Travel

    total $69,749 · program services $52,312 · management and general $17,437

  • 24a · Other expenses: Shared Services Fee - Indirect OH

    total $250,000 · program services $187,500 · management and general $62,500

  • 24b · Other expenses: Employee development, seminars, webinars, etc

    total $3,051 · program services $2,288 · management and general $763

  • 24c · Other expenses: Employee Subscriptions and memberships

    total $518 · program services $389 · management and general $129

  • 24d · Other expenses: Taxes & Licenses fee

    total $368 · management and general $368

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,361,844 · end of year $2,439,073

  • 2 · Savings and temporary cash investments

    beginning of year $801,671 · end of year $840,182

  • 4 · Accounts receivable

    beginning of year $923 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $408 · end of year $408

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $44,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $366,997 · end of year $327,545

  • 19 · Deferred revenue

    beginning of year $340,000 · end of year $429,549

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $874,938 · end of year $1,335,071

  • 27 · Net assets without donor restrictions

    beginning of year $567,551 · end of year $1,231,598

  • 28 · Net assets with donor restrictions

    beginning of year $15,360 · end of year $0

Mission and programs · 2023

Mission

The ISACA Foundation (previously known as One In Tech, An ISACA Foundation) was founded in 2019 to enable our global community of digital trust professionals to support the next generation of IT audit, risk, security, assurance and cyber leaders. Our mission is to provide opportunities for under-represented individuals to enter security professions and support the advancement of untapped talent into leadership positions.

Activities or mission (Part I)

The ISACA Foundation builds equity, equality, access and engagement for all communities in the always-evolving technology landscape. The ISACA Foundation removes barriers to ensure the IT audit, risk, security, assurance and cyber professions are accessible for all through our scholarship and workforce inclusion programs.

  • The 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: * Awarded 99 recipients representing 20 countries through the foundation's scholarship program * Paid out nearly $330,000 in scholarship awards * Connected these scholarship recipients with mentoring, cyber classes, networking, and a pipeline into careers * Scholarship program enlisted the support of 320 ISACA volunteers and 22 partners * The Digital Trust Workforce Inclusion Program, which serves diverse and underserved populations, expanded to five US cities in partnership with the Caterpillar Foundation

    Expenses $734,742 · Grants $327,025

  • Launched the Digital Trust Workforce Inclusion Program for 2023. This program is designed to bridge the skills gap, create opportunities for underrepresented and economically disadvantaged communities, and ensure a diverse and inclusive digital workforce. We offer free certification training, mentorship, and career support * The Digital Trust Workforce Inclusion Program provided education to 166 learners * Nearly 9 in 10 Digital Trust Workforce Inclusion Program participants (87%) come from diverse backgrounds * Paid out $14,600 in stipends to participants in the Workforce Inclusion Program to provide further career support.

    Expenses $201,920 · Grants $14,600

  • 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: * Engaged over 5,000 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 100 events under the SheLeadsTech banner * Joined forces with ISACA's mentorship program to offer 117 women mentoring relationships * Secured and activated 234 SheLeadsTech Ambassadors who advocate and support gender-diversity in the cyber world

    Expenses $59,467

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erik Prusch

    PRESIDENT, DIRECTOR & ISACA CEO

    Total calculated
    $555,048
    From this org
    $0
    From related orgs
    $514,844
    Other
    $40,204
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,649 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $3,195 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $23,704 related
    Filer's total
    $0 + $555,048 related

  • Ariel Weintraub

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Moschivitis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dev PATEL

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gail Coury

    CHAIR, 2019-2023

    Total calculated
    $0
    Hours/week
    3

  • Jermaine Stanley

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Niel Harper

    Direcor

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rv Raghu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Veronica N Rose

    Director (From February 2023)

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Josephine M Howard

    Secretary

    Total calculated
    $148,470
    From this org
    $0
    From related orgs
    $128,975
    Other
    $19,495
    Hours/week
    1 + 40 related

  • Thomas Kyei-Boateng

    TREASURER & CFO

    Total calculated
    $484,235
    From this org
    $0
    From related orgs
    $421,533
    Other
    $62,702
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,138 related
    Bonus
    $0 + $93,840 related
    Other
    $0 + $22,555 related
    Deferred
    $0 + $16,462 related
    Nontaxable benefits
    $0 + $46,240 related
    Filer's total
    $0 + $484,235 related

  • Virginia A Spitzer

    Executive Director (Through June 2023)

    Total calculated
    $165,039
    From this org
    $158,658
    From related orgs
    $0
    Other
    $6,381
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,604
    Bonus
    $41,773
    Other
    $1,281
    Deferred
    $5,780
    Nontaxable benefits
    $601
    Filer's total
    $165,039

  • Hollee Mangrum-Willis

    Sr. Program Manager (Through August 2023)

    Total calculated
    $132,468
    From this org
    $122,108
    From related orgs
    $0
    Other
    $10,360
    Hours/week
    40

  • David A Samuelson

    FORMER PRESIDENT, DIRECTOR & ISACA CEO

    Total calculated
    $995,727
    From this org
    $0
    From related orgs
    $995,727
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $995,727 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $995,727 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The ISACA Foundation (previously known as One in Tech, An ISACA Foundation), top management officials' compensation is handled by a related organization, Information Systems Audit and Control Association, Inc. (ISACA). The related organization used the following method to establish the compensation of the organization's Executive Director: ISACA compensation study, recommendations by ISACA People and Culture and approval by the Board, ISACA CEO and/or Compensation Committee.
Schedule J, Part I, Line 4a Severance or change-of-control payment
DUE TO CONFIDENTIALITY AGREEMENTS THAT HAVE BEEN SIGNED, WE ARE PROHIBITED FROM DISCLOSING SPECIFIC AMOUNTS FOR EACH PERSON. HOWEVER, TO THE EXTENT SUCH AMOUNTS WERE CONSTRUCTIVELY RECEIVED IN THE CURRENT YEAR, THEY HAVE BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • University of Massachusetts Amherst

    $20,000

    Scholarship program created to assist students in need pursuing careers in tech

  • UC Davis

    $10,500

    Scholarship program created to assist students in need pursuing careers in tech

  • Fayetteville State University

    $6,000

    Scholarship program created to assist students in need pursuing careers in tech

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ISACA Global Inc

    C Corporation · Holding Company · DE

    Directly controlled by ISACA

  • ISACA Europe Limited

    C Corporation · Foreign Operations · EI

    Directly controlled by ISACA

Provenance

Return type
form_990
Tax year
2023
Filed
9 November 2024
IRS schema version
2023v5.1
Source object
202433139349303848

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