Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $75,000

• 1f · All other contributions, gifts and grants

  $2,008,065

• 2f · All other program service revenue

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

• 3 · Investment income

  total $104,053 · excluded $104,053

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $690,310

• 7b · Less cost or other basis and sales expenses

  securities $656,569

• 7c · Gain or loss

  securities $33,741 · other assets $0

• 7d · Net gain or loss

  total $33,741 · excluded $33,741

• 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 $92,559 · program services $92,559

• 2 · Grants to domestic individuals

  total $12,500 · program services $12,500

• 3 · Grants to foreign organizations and individuals

  total $14,000 · program services $14,000

• 7 · Other salaries and wages

  total $354,735 · program services $354,735

• 9 · Other employee benefits

  total $102,052 · program services $102,052

• 11c · Fees: accounting

  total $17,655 · management and general $17,655

• 11f · Fees: investment management

  total $10,436 · management and general $10,436

• 11g · Fees: other

  total $196,259 · program services $0 · management and general $196,259 · fundraising $0

• 12 · Advertising and promotion

  total $22,527 · program services $22,527

• 13 · Office expenses

  total $7,308 · program services $53 · management and general $7,255

• 17 · Travel

  total $33,603 · program services $32,630 · management and general $973

• 23 · Insurance

  total $280 · management and general $280

• 24a · Other expenses: OVERHEAD ALLOCATION

  total $599,335 · program services $41,630 · management and general $557,705

• 24b · Other expenses: MISCELLANEOUS EXPENSE

  total $6,365 · program services $1,960 · management and general $4,405

• 24e · All other expenses

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

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,849,645 · end of year $2,879,571

• 4 · Accounts receivable

  beginning of year $71,916 · end of year $73,058

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $69,671 · end of year $50,642

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

  $169,136

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

  $169,136

• 10c · Land, buildings and equipment, net

  end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $3,473,513 · end of year $3,787,815

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $207,589 · end of year $661,573

• 17 · Accounts payable and accrued expenses

  beginning of year $315 · end of year $31,395

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $114,891 · end of year $925,946

• 27 · Net assets without donor restrictions

  beginning of year $4,351,856 · end of year $5,276,886

• 28 · Net assets with donor restrictions

  beginning of year $1,205,272 · end of year $1,218,432

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THE SALARIES REPORTED IN PART II WERE PAID BY A RELATED ORGANIZATION, THE INSTITUTE OF INTERNAL AUDITORS, INC. (EIN: 13-5532538), WHICH HAS ADOPTED AN EXECUTIVE COMPENSATION SETTING POLICY APPLICABLE TO ALL DISQUALIFIED PERSONS, INCLUDING ITS 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 COMMITTEES ARE CONTEMPORANEOUSLY SUBSTANTIATED. THE COMMITTEE UTILIZES COMPARABILITY DATA IN ITS DELIBERATIONS; UPDATED COMPARABILITY DATA IS GENERALLY OBTAINED ANNUALLY.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

INDIVIDUALS PARTICIPATE IN A NONQUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. EMPLOYER DISTRIBUTIONS ARE INCLUDED IN COMPENSATION ON SCHEDULE J, PT. II, COLUMN B(III). PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDUALS DURING 2024: ANTHONY PUGLIESE - $81,134 ANN S. COHEN - $60,906 JAVIER FALEATO - $43,271