Civic Intelligence

Institute of Internal Auditors - New York Chapter Inc

990 • Fiscal year 2017 • EIN 23-7350019

Jun 01, 2016 to May 31, 2017 • Filed on Mar 17, 2018

Pob 2376 Gcs 450 Lexington AvenueNew York City, NY 10017

(212) 576-7984

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

96th percentile

39%

Higher net margin than 96% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Asset Growth

97th percentile

105%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

99th percentile

186%

Faster revenue growth than 99% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$446,096

Up $228,751 (+105%) from 2016

Net Assets

Up

$446,096

Up $228,751 (+105%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$579,637

Up $377,119 (+186%) from 2016

Expenses

Up

$350,886

Up $105,860 (+43%) from 2016

Net Income

Up

$228,751

Up $271,259 (+638%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2013: $183,584Liabilities 2013: $35,500Net Assets 2013: $148,0842013Assets 2014: $182,576Liabilities 2014: $23,000Net Assets 2014: $159,5762014Assets 2016: $217,345Liabilities 2016: $0Net Assets 2016: $217,3452016Assets 2017: $446,096Liabilities 2017: $0Net Assets 2017: $446,0962017Assets 2018: $465,786Liabilities 2018: $0Net Assets 2018: $465,7862018Assets 2020: $571,793Liabilities 2020: $0Net Assets 2020: $571,7932020Assets 2021: $616,188Liabilities 2021: $0Net Assets 2021: $616,1882021Assets 2022: $666,583Liabilities 2022: $0Net Assets 2022: $666,5832022Assets 2023: $702,492Liabilities 2023: $0Net Assets 2023: $702,4922023Assets 2024: $740,928Liabilities 2024: $0Net Assets 2024: $740,9282024Assets 2025: $741,543Liabilities 2025: $0Net Assets 2025: $741,5432025

Highlighted filing

2017

Assets$446,096
Liabilities$0
Net Assets$446,096

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2013: $186,8252013Revenue 2014: $237,680Expenses 2014: $226,188Net Income 2014: $11,4922014Revenue 2016: $202,518Expenses 2016: $245,026Net Income 2016: -$42,5082016Revenue 2017: $579,637Expenses 2017: $350,886Net Income 2017: $228,7512017Revenue 2018: $263,032Expenses 2018: $243,343Net Income 2018: $19,6892018Revenue 2020: $208,566Expenses 2020: $189,725Net Income 2020: $18,8412020Revenue 2021: $81,863Expenses 2021: $37,468Net Income 2021: $44,3952021Revenue 2022: $135,098Expenses 2022: $84,703Net Income 2022: $50,3952022Revenue 2023: $214,025Expenses 2023: $178,116Net Income 2023: $35,9092023Revenue 2024: $264,039Expenses 2024: $225,603Net Income 2024: $38,4362024Revenue 2025: $370,061Expenses 2025: $369,446Net Income 2025: $6152025

Highlighted filing

2017

Revenue$579,637
Expenses$350,886
Net Income$228,751
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Mar 17, 2018
Return Version
2016v3.0
Gross Receipts
$579,637
Mission and Program Overview

Mission

The IIA, NY Chapter provides professional development education, promotes the profession of Internal Auditors, hosts workshops, supports college internal audit programs at local and business industry events, student scholarships and provides CIA examination review courses.

The iia, ny chapter provides professional development education, promotes the profession of internal auditors, hosts workshops, supports college internal audit programs and business industry events, student scholarships and provides cpa examination review courses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$94,654$363,155▲ $268,501
Rtn Earn Endowment Incm Other Fnds$42,669$271,420▲ $228,751
Pd in Cap Srpls Land Bldg Eqp Fund$174,676$174,676→ $0
Cash and Non-Interest-Bearing Accounts$122,691$82,941▼ $39,750
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$217,345$446,096▲ $228,751
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$217,345$446,096▲ $228,751
Total Liabilities and Net Assets / Fund Balance$217,345$446,096▲ $228,751
Compensation and Service Providers

Board Members and Trustees

NameTitle
Juan PerezImmediate Past President
Alex CacanandoPresident
Uday GulvadiExecutive Vice President
Adam StumerBoard of Governors
Brian MannixBoard of Governors
Diane NapolitanoBoard of Governors
Eleonora PechenikBoard of Governors
Frederick MagliozziBoard of Governors
Howard ShainBoard of Governors
Jeffrey SuperBoard of Governors
John FitzpatrickBoard of Governors
Laura LowenhauptBoard of Governors
Marian DoughertyBoard of Governors
Michael J FucilliBoard of Governors
Nick DimolaBoard of Governors
Paul J FloraBoard of Governors
Paulette Mullings BradnockBoard of Governors
Raquel OquendoBoard of Governors
Richard DapcicBoard of Governors
Scott KenneyBoard of Governors
Stacey a GuardinoBoard of Governors
Tracey ThomasVP - Secretary
Matt MieselVP and Treasurer
Xenia Ley ParkerVP Prof. Development
Kathleen RennertVP Professional Services
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$261,136
Investment Income
$157
Other Revenue
$318,344
Change in Net Assets
$228,751
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$346,886
Salaries, Compensation, and Employee Benefits$4,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$194,691--$194,691
Office Expenses-$5,895-$5,895
Current Officers, Directors, Trustees, and Key Employees$4,000--$4,000
Fees for Services Accounting-$3,000-$3,000
Information Technology-$2,600-$2,600
Other Expenses$7,768$550-$550
Total Functional Expenses$332,831$18,055$0$350,886
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The irs form 990 is prepared by an independent cpa firm and is then presented to the board of governors who will review the return. Upon approval and return of irs form 8879-eo, the return will be electronically filed by the preparer.

Form 990, Part VI, Section B, Line 12

The organization currently has in place a conflict of interest policy which it annually monitors and enforces.

Form 990, Part VI, Section C, Line 19

Tax returns are available on guidestar. In addition, the governing documents, governing policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Institute of Internal Auditors
EIN
23-7350019
Phone
2125767984
Address
POB 2376 GCS 450 LEXINGTON AVENUE, NEW YORK CITY, NY 10017

Signing Officer

Name
Carlos Perdomo
Title
Treasurer
Phone
2125767984
Signed
2018-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos Perdomo
Formed
1990
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
48

Preparer

Firm
Nussbaum Yates Berg Klein & Wolpow Llp
Address
445 BROAD HOLLOW RD STE 319, MELVILLE, NY 11747
Preparer
Jeffrey Shavelson
Phone
6318455252
Supplemental Narrative

Additional Explanations

Part IX, Line 5

Payments to one board member in may 2017 were made in order to facilitate registration to a test preparation course. The full amount of the fees collected (less administrative overhead) were reimbursed to the board member who taught the course. The chapter will issue a 1099 to the board member for 2017.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP PROF. DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP AND TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD OF GOVERNORS
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP PROFESSIONAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP - SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt23IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD OF GOVERNORS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0579637
IRS990/GroupExemptionNum08620
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02600
IRS990/InformationTechnologyGrp/TotalAmt02600
IRS990/InvestmentIncomeGrp/ExclusionAmt0157
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0157
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE IIA, NY CHAPTER PROVIDES PROFESSIONAL DEVELOPMENT EDUCATION, PROMOTES THE PROFESSION OF INTERNAL AUDITORS, HOSTS WORKSHOPS, SUPPORTS COLLEGE INTERNAL AUDIT PROGRAMS AND BUSINESS INDUSTRY EVENTS, STUDENT SCHOLARSHIPS AND PROVIDES CPA EXAMINATION REVIEW COURSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0217345
IRS990/NetAssetsOrFundBalancesEOYAmt0446096
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05895
IRS990/OfficeExpensesGrp/TotalAmt05895
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRIBUTION - NY BOARD
IRS990/OtherExpensesGrp/Desc1CONTRIBUTION - EDUCATIO
IRS990/OtherExpensesGrp/Desc2OTHER MISC.
IRS990/OtherExpensesGrp/Desc3TAX FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06010
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1550
IRS990/OtherExpensesGrp/ProgramServicesAmt0126372
IRS990/OtherExpensesGrp/ProgramServicesAmt17768
IRS990/OtherExpensesGrp/TotalAmt0126372
IRS990/OtherExpensesGrp/TotalAmt17768
IRS990/OtherExpensesGrp/TotalAmt26010
IRS990/OtherExpensesGrp/TotalAmt3550
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0NYC HOST OF INTERNATIO
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0318344
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0318344
IRS990/OtherRevenueTotalAmt0318344
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0174676
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0174676
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CARLOS PERDOMO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0813920
IRS990/ProgramServiceRevenueGrp/BusinessCd1813920
IRS990/ProgramServiceRevenueGrp/BusinessCd2813920
IRS990/ProgramServiceRevenueGrp/BusinessCd3813920
IRS990/ProgramServiceRevenueGrp/BusinessCd4813920
IRS990/ProgramServiceRevenueGrp/Desc0GROUP SUBSCRIPTIONS
IRS990/ProgramServiceRevenueGrp/Desc1WORKSHOP COMMITTEE
IRS990/ProgramServiceRevenueGrp/Desc2ANNUAL AUDIT SEMINAR
IRS990/ProgramServiceRevenueGrp/Desc3CHAPTER ALLOTMENT
IRS990/ProgramServiceRevenueGrp/Desc4GOVERNMENT AUDIT COMMI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt095641
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt161815
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt247850
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt333335
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt415340
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt095641
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt161815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt247850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt333335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt415340
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt064
IRS990/PYOtherExpensesAmt0245026
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0202454
IRS990/PYRevenuesLessExpensesAmt0-42508
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0245026
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0202518
IRS990/ReconcilationRevenueExpnssAmt0228751
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0579480
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt042669
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0271420
IRS990/SavingsAndTempCashInvstGrp/BOYAmt094654
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0363155
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE IRS FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND IS THEN PRESENTED TO THE BOARD OF GOVERNORS WHO WILL REVIEW THE RETURN. UPON APPROVAL AND RETURN OF IRS FORM 8879-EO, THE RETURN WILL BE ELECTRONICALLY FILED BY THE PREPARER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX RETURNS ARE AVAILABLE ON GUIDESTAR. IN ADDITION, THE GOVERNING DOCUMENTS, GOVERNING POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYMENTS TO ONE BOARD MEMBER IN MAY 2017 WERE MADE IN ORDER TO FACILITATE REGISTRATION TO A TEST PREPARATION COURSE. THE FULL AMOUNT OF THE FEES COLLECTED (LESS ADMINISTRATIVE OVERHEAD) WERE REIMBURSED TO THE BOARD MEMBER WHO TAUGHT THE COURSE. THE CHAPTER WILL ISSUE A 1099 TO THE BOARD MEMBER FOR 2017.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART IX, LINE 5
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0217345
IRS990/TotalAssetsEOYAmt0446096
IRS990/TotalAssetsGrp/BOYAmt0217345
IRS990/TotalAssetsGrp/EOYAmt0446096
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018055
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0332831
IRS990/TotalFunctionalExpensesGrp/TotalAmt0350886
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00

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