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← ISACA FOUNDATION

Form 990 for tax year 2024

Filed by ISACA FOUNDATION.

Totals

Total revenue
$1,773,866
Total expenses
$1,394,828
Contributions and grants received
$1,610,504
Grants paid
$435,100
Program service revenue
$0
Investment income
$163,362
Other revenue
$0
Total assets, end of year
$3,479,642
Total liabilities, end of year
$1,869,006
Net assets or fund balances, end of year
$1,610,636
Program services expenses (Part IX)
$1,141,869
Management and general expenses
$252,959
Fundraising expenses
$0
Program service expenses (Part III)
$1,141,869

Program services were 81.9% 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

    $1,050,000

  • 1f · All other contributions, gifts and grants

    $560,504

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $163,362 · excluded $163,362

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $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 $332,200 · program services $332,200

  • 2 · Grants to domestic individuals

    total $20,900 · program services $20,900

  • 3 · Grants to foreign organizations and individuals

    total $82,000 · program services $82,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 10 · Payroll taxes

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

  • 11b · Fees: legal

    total $11,820 · management and general $11,820

  • 11c · Fees: accounting

    total $5,535 · management and general $5,535

  • 11g · Fees: other

    total $89,333 · program services $67,000 · management and general $22,333 · fundraising $0

  • 12 · Advertising and promotion

    total $5,000 · program services $3,750 · management and general $1,250

  • 13 · Office expenses

    total $19,553 · program services $14,665 · management and general $4,888

  • 17 · Travel

    total $72,016 · program services $54,012 · management and general $18,004

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

    total $549,165 · program services $411,874 · management and general $137,291

  • 24b · Other expenses: InterCompany Expense-Exam Prep

    total $206,624 · program services $154,968 · management and general $51,656

  • 24c · Other expenses: Employee Subscriptions and memberships

    total $667 · program services $500 · management and general $167

  • 24d · Other expenses: Taxes & Licenses fee

    total $15 · management and general $15

  • 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 $2,439,073 · end of year $2,505,992

  • 2 · Savings and temporary cash investments

    beginning of year $840,182 · end of year $881,964

  • 4 · Accounts receivable

    beginning of year $0 · end of year $67,134

  • 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 $333

  • 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 $44,100 · end of year $24,219

  • 17 · Accounts payable and accrued expenses

    beginning of year $327,545 · end of year $316,001

  • 19 · Deferred revenue

    beginning of year $429,549 · end of year $107,428

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,335,071 · end of year $1,445,577

  • 27 · Net assets without donor restrictions

    beginning of year $1,231,598 · end of year $1,610,636

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

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 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 IT audit and cyber workforce gap by PROVIDING SUPPORT AND OPPORTUNITIES FOR UNDER-REPRESENTED INDIVIDUALS into career pipelines. Highlights include: * Awarded 191 scholarships to students from 21 countries through the foundation's scholarship program * Paid out US$414,2000 in scholarship awards * Connected these scholarship recipients with mentoring, cyber classes, virtual conferences, webinars, networking, and a pipeline into careers * The scholarship program enlisted the support of 515 ISACA volunteers and 25 partners

    Expenses $1,087,019 · Grants $414,200

  • The ISACA Foundation celebrates expanding the Digital Trust Workforce Expansion Program in 2024 to create opportunities for underrepresented and economically disadvantaged communities. * The Digital Trust Workforce Expansion Program, which serves underserved populations, expanded to eight US cities in partnership with the Caterpillar Foundation * The Digital Trust Workforce Expansion Program provided education (free certification training, mentorship, career support, and connections to internships) to 163 learners * Nearly 9 in 10 Digital Trust Workforce Expansion Program participants (87%) come from diverse backgrounds * Paid out US$20,900 in stipends to participants in the Workforce Expansion Program to provide further career support.

    Expenses $54,850 · Grants $20,900

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erik Prusch

    PRESIDENT, Secretary, DIRECTOR & ISACA CEO

    Total calculated
    $1,309,415
    From this org
    $0
    From related orgs
    $1,020,653
    Other
    $288,762
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $792,253 related
    Bonus
    $0 + $222,466 related
    Other
    $0 + $5,934 related
    Deferred
    $0 + $239,220 related
    Nontaxable benefits
    $0 + $49,542 related
    Filer's total
    $0 + $1,309,415 related

  • Ariel Weintraub

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Chris Moschivitis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dev PATEL

    Director (Through June 2024)

    Total calculated
    $0
    Hours/week
    1

  • Gail Coury

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jermaine Stanley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Liana Melchenko

    Director (From August 2024)

    Total calculated
    $0
    Hours/week
    1

  • Niel Harper

    Director

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Rv Raghu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Veronica N Rose

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas Kyei-Boateng

    TREASURER & CFO

    Total calculated
    $865,105
    From this org
    $0
    From related orgs
    $742,465
    Other
    $122,640
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,823 related
    Bonus
    $0 + $376,000 related
    Other
    $0 + $30,642 related
    Deferred
    $0 + $68,505 related
    Nontaxable benefits
    $0 + $54,135 related
    Filer's total
    $0 + $865,105 related

  • Meeghan Ward Creeden

    Executive Director (Through October 2024)

    Total calculated
    $592,717
    From this org
    $0
    From related orgs
    $544,760
    Other
    $47,957
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,337 related
    Bonus
    $0 + $197,300 related
    Other
    $0 + $118,123 related
    Deferred
    $0 + $10,882 related
    Nontaxable benefits
    $0 + $37,075 related
    Filer's total
    $0 + $592,717 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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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, 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).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) PLAN AND RECEIVED PLAN PAYMENTS AS FOLLOWS IN 2024: THOMAS KYEI-BOATENG $29,864 IN 2024, THE FOLLOWING INDIVIDUALS RECEIVED A CONTRIBUTION INTO THE PLAN: THOMAS KYEI-BOATENG $28,765 ERIK PRUSCH $221,970

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

  • Claflin University

    $12,500

    SCHOLARSHIP PROGRAM CREATED TO ASSIST STUDENTS IN NEED PURSUING CAREERS IN TECH

  • Collin College

    $9,000

    SCHOLARSHIP PROGRAM CREATED TO ASSIST STUDENTS IN NEED PURSUING CAREERS IN TECH

  • Texas Southern University

    $8,000

    SCHOLARSHIP PROGRAM CREATED TO ASSIST STUDENTS IN NEED PURSUING CAREERS IN TECH

  • Georgia State University

    $7,500

    SCHOLARSHIP PROGRAM CREATED TO ASSIST STUDENTS IN NEED PURSUING CAREERS IN TECH

  • Grand Valley State University

    $7,500

    SCHOLARSHIP PROGRAM CREATED TO ASSIST STUDENTS IN NEED PURSUING CAREERS IN TECH

  • Roosevelt University

    $7,500

    SCHOLARSHIP PROGRAM CREATED TO ASSIST STUDENTS IN NEED PURSUING CAREERS IN TECH

  • Loyola University of Chicago

    $7,000

    SCHOLARSHIP PROGRAM CREATED TO ASSIST STUDENTS IN NEED PURSUING CAREERS IN TECH

  • National 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
2024
Filed
11 November 2025
IRS schema version
2024v5.1
Source object
202503159349305825

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