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Nonprofiteer
← INFORMATION SYSTEMS AUDIT AND CONTROL ASSOCIATION INC

Form 990 for tax year 2023

Filed by INFORMATION SYSTEMS AUDIT AND CONTROL ASSOCIATION INC.

Totals

Total revenue
$104,828,128
Total expenses
$114,788,801
Contributions and grants received
$0
Grants paid
$1,265,000
Program service revenue
$91,006,330
Investment income
$3,014,001
Other revenue
$10,807,797
Total assets, end of year
$151,633,411
Total liabilities, end of year
$54,981,874
Net assets or fund balances, end of year
$96,651,537
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 2a · Program service revenue: Credentials

    total $37,430,280 · related or exempt $37,430,280

  • 2b · Program service revenue: Enterprise assessment

    total $23,889,164 · related or exempt $23,889,164

  • 2c · Program service revenue: Membership

    total $20,567,872 · related or exempt $20,567,872

  • 2d · Program service revenue: Training

    total $6,136,822 · related or exempt $6,136,822

  • 2e · Program service revenue: Conference & Events

    total $1,627,032 · related or exempt $1,627,032

  • 2f · All other program service revenue

    total $1,355,160 · related or exempt $1,355,160 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,336,154 · excluded $3,336,154

  • 5 · Royalties

    total $152,081 · excluded $152,081

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $7,510,000

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

    securities $7,832,153

  • 7c · Gain or loss

    securities -$322,153 · other assets $0

  • 7d · Net gain or loss

    total -$322,153 · excluded -$322,153

  • 10a · Gross sales of inventory

    $8,816,121

  • 10b · Cost of goods sold

    $274,382

  • 10c · Net income from sales of inventory

    total $8,541,739 · related or exempt $8,541,739

  • 11a · Other revenue: SPONSORSHIP

    total $1,776,077 · related or exempt $1,776,077

  • 11b · Other revenue: ADVERTISING

    total $337,900 · unrelated business $337,900

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $2,113,977

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,260,000

  • 3 · Grants to foreign organizations and individuals

    total $5,000

  • 5 · Compensation of officers, directors and key employees

    total $3,044,484

  • 6 · Compensation of disqualified persons

    total $995,727

  • 7 · Other salaries and wages

    total $43,082,735

  • 8 · Pension plan contributions

    total $1,922,504

  • 9 · Other employee benefits

    total $5,525,007

  • 10 · Payroll taxes

    total $3,052,602

  • 11b · Fees: legal

    total $2,834,207

  • 11c · Fees: accounting

    total $177,481

  • 11d · Fees: lobbying

    total $454,914

  • 11f · Fees: investment management

    total $170,711

  • 11g · Fees: other

    total $15,330,851

  • 12 · Advertising and promotion

    total $8,342,417

  • 13 · Office expenses

    total $4,496,269

  • 14 · Information technology

    total $9,036,484

  • 15 · Royalties

    total $505,656

  • 16 · Occupancy

    total $1,321,562

  • 17 · Travel

    total $2,403,017

  • 19 · Conferences, conventions and meetings

    total $3,178,138

  • 22 · Depreciation, depletion and amortization

    total $4,089,115

  • 23 · Insurance

    total $238,357

  • 24a · Other expenses: BAD DEBT

    total $1,500,000

  • 24b · Other expenses: Other Expenses

    total $1,363,688

  • 24c · Other expenses: MEMBER RECOGNITION

    total $176,565

  • 24d · Other expenses: Dues & Subscriptions

    total $160,948

  • 24e · All other expenses

    total $120,362

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,671,683 · end of year $22,354,984

  • 2 · Savings and temporary cash investments

    beginning of year $4,365,337 · end of year $1,729,746

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $15,579,296 · end of year $10,778,351

  • 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

  • 8 · Inventories for sale or use

    beginning of year $728,534 · end of year $625,485

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,814,982 · end of year $3,024,008

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

    $28,309,994

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

    $17,291,625

  • 10c · Land, buildings and equipment, net

    beginning of year $11,586,352 · end of year $11,018,369

  • 11 · Investments: publicly traded securities

    beginning of year $78,895,520 · end of year $79,928,089

  • 12 · Investments: other securities

    beginning of year $8,498,944 · end of year $9,040,486

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $5,136,725 · end of year $4,428,022

  • 15 · Other assets

    beginning of year $5,822,831 · end of year $8,705,871

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,300,366 · end of year $21,503,368

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $26,369,921 · end of year $26,982,133

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $7,451,369 · end of year $6,491,447

  • 25 · Other liabilities

    beginning of year $3,497 · end of year $4,926

  • 27 · Net assets without donor restrictions

    beginning of year $97,975,051 · end of year $96,651,537

Mission and programs · 2023

Mission

Information Systems Audit and Control Association (ISACA) serves individuals and enterprises by being a leading global provider of knowledge, certifications, community, advocacy and education on information systems assurance and security, governance, risk, privacy, and other related digital trust topics. Founded in 1969, ISACA sponsors international conferences, publishes the ISACA Journal, conducts and publishes research, provides benefits globally to more than 180,000 members in more than 185 countries and develops international information systems auditing and control standards. ISACA also administers the globally respected Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in the Governance of Enterprise IT (CGEIT), Certified in Risk and Information Systems Control (CRISC), Certified Data Privacy Solutions Engineer (CDPSE), CSX Practitioner (CSX-P), Certified in Emerging Technology (CET) and Information.

Activities or mission (Part I)

The primary purpose of the association is to advance digital trust while helping people and organizations realize the positive potential of technology.

  • Information Systems Audit and Control Association's (ISACA) primary purpose is to serve its members and their organizations. One way ISACA does so is by helping members do their jobs better, offering them pragmatic guidance on how to safely and effectively implement technology. ISACA annually produces hundreds of knowledge assets in various formats, including print, digital, interactive (tools, audit programs), video and audio. In 2023, ISACA hosted a combination of in-person (ISACA Conference North America in Boston, USA, and ISACA Conference Europe in Dublin, Ireland) and virtual events. The association offers member benefits in the areas of professional development, community, mentoring and leadership and volunteer opportunities, and continually reviews and expands its portfolio of benefits to address the changing needs of members. Many member benefits are documented and further explained within the other responses on this form. ISACA had an increase in new members of 14 percent in 2023. ISACA has 225 local chapters in 188 countries.

  • Information technology (IT) is a rapidly changing industry, and it demands a commitment on the part of its practitioners to learn continuously and master new skills. Certification is one way to expand one's skill set and be recognized for doing so. Holding an ISACA professional certification demonstrates excellence in the topic and a commitment to remaining current and informed; it distinguishes an individual from his/her peers. ISACA offers several certification exams: Certified Information. Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in the Governance of Enterprise IT (CGEIT), Certified in Risk and Information Systems Control (CRISC), Certified Data Privacy Solutions Engineer (CDPSE) and CSX Practitioner (CSX-P) designations. More recently, ISACA introduced stackable certificates that add up to a full certification for the Certified in Emerging Technology (CET) and Information Technology Certified Associate (ITCA) credentials. More than 200,000 CISAs have been certified since its inception in 1978; more than 90,000 CISMs have been certified since its inception in 2002; more than 10,000 CGEITs have been certified since its inception in 2007 and more than 40,000 CRISCs have been certified since its inception in 2010. ISACA, in collaboration with the Cloud Security Alliance, also offers a Certificate of Cloud Auditing Knowledge (CCAK). Additionally, ISACA offers an IT Audit Fundamentals Certificate,Cybersecurity Audit Certificate, IT Risk Fundamentals Certificate, Blockchain Fundamentals Certificate and Computing Fundamentals Certificate.

  • In 2023, the ISACA education roster included virtual and in-person ISACA conferences in several regions covering a range of topics such as IT audit, IT governance, risk management, cybersecurity and data privacy. This was in addition to week-long training events focusing in-depth on one or two topics. ISACA is dedicated to monitoring the professional environment and developing new programs as needed to complement its established portfolio of events. The association has focused a considerable amount of effort on digital learning platforms, as it provides a way to cover emerging topics on a timely basis and offer low-cost education to a globally dispersed audience.

  • ISACA targets two goals with its activities: helping professionals realize the positive potential of technology and inspiring confidence that enables innovation through technology. The association achieves those activities by providing information, standards, publications, and academic guidance (in addition to the items noted in the descriptions of program achievements 1, 2 and 3). The ISACA Journal is ISACA's official magazine. Issued bimonthly, and supplemented in the off months by online articles, the Journal seeks to enhance the proficiency and competitive advantage of its international readership by providing peer-reviewed managerial and technical guidance from experienced global authors. It is available in digital format on the website and via mobile app. ISACA also produces @ISACA, a biweekly electronic newsletter dedicated to ISACA news. The ISACA Bookstore offers a selection of peer-reviewed publications on professional topics of interest to ISACA members, at discounted prices. New selections are added regularly, to ensure the catalog remains current with changing trends and member needs. ISACA continues to expand the platforms and languages in which its content is available to its professional community. The Publications team provided translations of many of its publications, including certification exams, study aids, ISACA Journal articles, COBIT 2019 and other research publications. Languages included Chinese (simplified and traditional), French, German, Italian, Japanese, Korean, Portuguese, Spanish and Turkish. ISACA issues Information Systems Auditing Standards, Guidelines and Procedures, which provide prescriptive or suggested guidance on how audits should be undertaken. The standards, guidelines and procedures are continually reviewed to ensure that new ones are developed or existing ones are revised as needed to align with new regulations or technologies.

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

    Director & CEO (Beg June 2023)

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

    Schedule J breakdown matched by us

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

  • Tracey Dedrick

    Past Chair 2020-2021/ Interim CEO (Jan-June 2023)

    Total calculated
    $662,128
    From this org
    $662,128
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $662,128
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $662,128

  • Asaf Weisberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Brennan Baybeck

    Past Chair 2019-2020

    Total calculated
    $0
    Hours/week
    3

  • Gabriela Hernandez-Cardoso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Gerrard Schmid

    DIRECTOR (Jan - July 2023)

    Total calculated
    $0
    Hours/week
    3

  • Gregory J Touhill

    Past Chair 2021-2022

    Total calculated
    $0
    Hours/week
    3

  • Jason Lau

    Director (July - Dec 2023)

    Total calculated
    $0
    Hours/week
    3

  • John De Santis

    Director & Chair 2023-2024

    Total calculated
    $0
    Hours/week
    3

  • Massimo Migliuolo

    Director (July - Dec 2023)

    Total calculated
    $0
    Hours/week
    3

  • Maureen O'Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Niel Harper

    Director

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Pam Nigro

    DIRECTOR & Chair, 2022-2023

    Total calculated
    $0
    Hours/week
    3

  • Robert A Clyde

    Past CHAIR, 2018-2019 (Jan - July 2023)

    Total calculated
    $0
    Hours/week
    3

  • Stephen Gilfus

    Director (July - Dec 2023)

    Total calculated
    $0
    Hours/week
    3

  • Veronica N Rose

    Director (Jan - July 2023)

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • Josephine M Howard

    SECRETARY & CORPORATE GOVERNANCE MANAGER

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

  • Thomas Kyei-Boateng

    TREASURER & CFO

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

    Schedule J breakdown matched by us

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

  • Julia Kanouse

    Chief Membership & Marketing Officer

    Total calculated
    $604,024
    From this org
    $551,992
    From related orgs
    $0
    Other
    $52,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,019
    Bonus
    $145,500
    Other
    $8,473
    Deferred
    $15,177
    Nontaxable benefits
    $36,855
    Filer's total
    $604,024

  • Simona Rollinson

    Chief Operating Officer

    Total calculated
    $590,577
    From this org
    $530,704
    From related orgs
    $0
    Other
    $59,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $401,288
    Bonus
    $105,000
    Other
    $24,416
    Deferred
    $15,209
    Nontaxable benefits
    $44,664
    Filer's total
    $590,577

  • Ajay Barot

    Chief of Staff

    Total calculated
    $446,298
    From this org
    $396,462
    From related orgs
    $0
    Other
    $49,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,662
    Bonus
    $75,900
    Other
    $900
    Deferred
    $16,058
    Nontaxable benefits
    $33,778
    Filer's total
    $446,298

  • Christoher Demale

    SENIOR DIRECTOR, GLOBAL SALES

    Total calculated
    $381,548
    From this org
    $330,822
    From related orgs
    $0
    Other
    $50,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,706
    Bonus
    $184,786
    Other
    $330
    Deferred
    $9,639
    Nontaxable benefits
    $41,087
    Filer's total
    $381,548

  • Shannon Donahue

    SVP Publishing

    Total calculated
    $395,816
    From this org
    $342,634
    From related orgs
    $0
    Other
    $53,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,372
    Bonus
    $75,367
    Other
    $895
    Deferred
    $11,472
    Nontaxable benefits
    $41,710
    Filer's total
    $395,816

  • Steven Mole

    VP, Global Sales

    Total calculated
    $662,958
    From this org
    $605,357
    From related orgs
    $0
    Other
    $57,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,778
    Bonus
    $339,136
    Other
    $2,443
    Deferred
    $15,003
    Nontaxable benefits
    $42,598
    Filer's total
    $662,958

  • Tanya Rose

    VP Product Development

    Total calculated
    $377,484
    From this org
    $347,809
    From related orgs
    $0
    Other
    $29,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,989
    Bonus
    $92,551
    Other
    $1,269
    Deferred
    $14,633
    Nontaxable benefits
    $15,042
    Filer's total
    $377,484

  • David A Samuelson

    FORMER DIRECTOR & CEO

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

    Schedule J breakdown matched by us

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

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

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

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.

  • ISACA FOUNDATION

    501(c)(3) · EDUCATION · DE · controlled entity

    Directly controlled by ISACA

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CMMI INSTITUTE LLC

    TRAINING/CONSULTING · PA · income $0 · assets $0

    Directly controlled by ISACA

Related corporations and trusts

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

  • ISACA Global Inc

    C Corporation · Holding Company · DE · 100% owned · share of income $1,972,138 · share of assets $3,454,703 · controlled entity

    Directly controlled by ISACA

  • ISACA EUROPE LIMITED

    C Corporation · Foreign Operations · EI · 100% owned · share of income $74,628 · share of assets $1,621,780 · controlled entity

    Directly controlled by ISACA

Provenance

Return type
form_990
Tax year
2023
Filed
9 November 2024
IRS schema version
2023v5.1
Source object
202433139349303998

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