Overview
What is Internal Audit Foundation?
The Internal Audit Foundation is a nonprofit organization situated in Lake Mary, Florida. With a modest workforce of 11 individuals, its primary mission is to foster, expand, and advance the understanding of internal auditing worldwide. To achieve this, the foundation provides grants to educational institutions participating in the IIA's Internal Auditing Education Partnership (IAEP) program. This program, developed in response to the rising interest in internal auditing education at institutions of higher learning, teaches an internal auditing curriculum within a degree program (undergraduate or postgraduate) endorsed by the IIA. The annual grant cycle, typically opening in October, allows schools to apply for funds to support activities related to curriculum development, program growth, and marketing. The foundation's research and educational efforts in internal auditing aim to cater to the needs of its global stakeholders.
Official website here: www.theiia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Internal Audit Foundation has achieved an impressive score of 96%, which highlights its strong performance in accountability and finance. The charity's overall score is derived entirely from a single beacon score, indicating that it emphasizes financial integrity and responsible governance. The organization benefits from a fully independent board, demonstrating its commitment to unbiased oversight with all 11 board members being independent.
In terms of financial practices, the Internal Audit Foundation excels in several areas, including the absence of material asset diversion and a solid program expense ratio of 73.31%. This suggests that a significant portion of its resources is dedicated to its mission-driven programs. The organization also has robust policies in place, such as conflict of interest and whistleblower policies, which further reinforce its commitment to ethical practices and transparency.
Despite its strong performance, the summary does not provide insights into broader programmatic impacts or community engagement, which are important dimensions for assessing a nonprofit's overall effectiveness. However, the financial health and governance practices presented indicate a well-managed organization focused on its philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Internal Audit Foundation legitimate?
Internal Audit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Internal Audit Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,870
For more financial information, click here
Official website here: www.theiia.org
What is the mission statement of Internal Audit Foundation?
The Internal Audit Foundation's mission is to foster growth and advancement in the field of internal auditing globally. They achieve this by generating and disseminating pertinent information and insights that cater to the needs of their stakeholders. The foundation offers grants to educational institutions worldwide that participate in the IIA's Internal Auditing Education Partnership (IAEP) program. This program, developed in response to the rising interest in internal audit education at institutions of higher learning, incorporates an internal auditing curriculum within a degree program, endorsed by the IIA. The foundation has an annual grant cycle, open in October, during which schools can apply for funds to support activities related to curriculum development and program growth, as well as marketing efforts.
Official website here: www.theiia.org
Who is the CEO of Internal Audit Foundation?
Ann S Cohen is the Iia Ceo, Ex-Officio Member of Internal Audit Foundation. The CEO's salary of Internal Audit Foundation is $0 and their total compensation is $976,238.
Official website here: www.theiia.org
What is the revenue of Internal Audit Foundation?
Internal Audit Foundation's revenue in 2022 was $935,570.
Official website here: www.theiia.org
Who are the executives of Internal Audit Foundation and what are their salaries?
The average compensation at Internal Audit Foundation during 2022 was $19,261. There are 11 employees and 28 volunteers at Internal Audit Foundation.
Here are 16 key members and their salaries (Internal Audit Foundation's CEO's salary is $0 and their total compensation is $976,238):
- Compensation: $0
- Related: $834,687
- Other: $141,551
- Compensation: $0
- Related: $704,672
- Other: $81,188
- Compensation: $0
- Related: $507,522
- Other: $100,277
- Compensation: $0
- Related: $182,032
- Other: $18,847
- Compensation: $0
- Related: $147,927
- Other: $50,992
- Compensation: $0
- Related: $123,426
- Other: $22,692
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theiia.org
Where can I find the form 990 for Internal Audit Foundation?
Internal Audit Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theiia.org
Learn more at the official website: www.theiia.org
Mission Statement of Internal Audit Foundation
The Internal Audit Foundation, a prominent organization, is committed to shaping, expanding, and advancing the knowledge of internal auditing. It achieves this mission by developing and disseminating timely and relevant information and insights that cater to the needs of its global stakeholders. The foundation plays a significant role in advancing internal auditing education by providing grants to educational institutions worldwide that participate in the IIA's Internal Auditing Education Partnership (IAEP) program. This program encourages institutions of higher learning to incorporate an internal auditing curriculum within their degree programs, endorsed by the IIA. The foundation has an annual grant cycle, opening in October, during which schools can apply for grants to support activities related to curriculum development, program growth, and marketing.
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Impact
July, 2024
The Internal Audit Foundation's impact lies in shaping, expanding, and advancing knowledge of internal auditing by developing and disseminating timely, relevant information and insights. The Foundation achieves this through providing grants to educational institutions worldwide participating in the Internal Audit Education Partnership program. Schools involved in this program teach internal auditing curriculum endorsed by the IIA within degree programs, contributing to the growth and development of internal audit education on a global scale. Through its focus on research and education in internal auditing, the Foundation plays a vital role in meeting the needs of stakeholders within the industry.
This information is meant to be a general summary of Internal Audit Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $101,653
- Gross Receipts: $1,770,495
Assets and Liabilities:
- Total Assets: $5,600,569
- Total Liabilities: $128,560
- Net Assets: $5,472,009
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Organization Details
Founding Year
1976
Phone
(407) 937-1300Principal Officer
Ann S Cohen
Main Address
1035 GREENWOOD BOULEVARD Suite 401, LAKE MARY, FL, 32746
Website
www.theiia.orgNTEE Category
Code: B114 - Education
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