Civic Intelligence

The Institute of Internal Auditors Inc Chicago Chapter

990 • Fiscal year 2019 • EIN 23-7408092

Jun 01, 2018 to May 31, 2019 • Filed on Jul 14, 2020

PO Box 06087Chicago, IL 60606-9997

(219) 384-0285

Siviq Scores

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

Liabilities / Assets

31st percentile

0.06x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

0.11x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

24th percentile

-2.5%

Higher net margin than 24% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

44th percentile

3.7%

Faster asset growth than 44% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

5.6%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,067,593

Up $38,484 (+3.7%) from 2018

Net Assets

Down

$1,007,182

Down $10,519 (-1.0%) from 2018

Liabilities

Up

$60,411

Up $49,003 (+430%) from 2018

Revenue

Up

$556,836

Up $29,669 (+5.6%) from 2018

Expenses

Up

$570,482

Up $41,779 (+7.9%) from 2018

Net Income

Down

-$13,646

Down $12,110 (-788%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2018: $1,029,109Liabilities 2018: $11,408Net Assets 2018: $1,017,7012018Assets 2019: $1,067,593Liabilities 2019: $60,411Net Assets 2019: $1,007,1822019Assets 2020: $1,031,232Liabilities 2020: $77,169Net Assets 2020: $954,0632020Assets 2021: $1,019,794Liabilities 2021: $45,302Net Assets 2021: $974,4922021Assets 2022: $1,073,953Liabilities 2022: $94,954Net Assets 2022: $978,9992022Assets 2023: $1,205,787Liabilities 2023: $44,228Net Assets 2023: $1,161,5592023Assets 2024: $1,169,470Liabilities 2024: $53,184Net Assets 2024: $1,116,2862024Assets 2025: $1,126,345Liabilities 2025: $41,899Net Assets 2025: $1,084,4462025

Highlighted filing

2019

Assets$1,067,593
Liabilities$60,411
Net Assets$1,007,182

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $527,167Expenses 2018: $528,703Net Income 2018: -$1,5362018Revenue 2019: $556,836Expenses 2019: $570,482Net Income 2019: -$13,6462019Revenue 2020: $261,218Expenses 2020: $314,337Net Income 2020: -$53,1192020Revenue 2021: $287,223Expenses 2021: $266,792Net Income 2021: $20,4312021Revenue 2022: $329,391Expenses 2022: $324,884Net Income 2022: $4,5072022Revenue 2023: $674,128Expenses 2023: $491,568Net Income 2023: $182,5602023Revenue 2024: $470,500Expenses 2024: $515,773Net Income 2024: -$45,2732024Revenue 2025: $394,472Expenses 2025: $426,312Net Income 2025: -$31,8402025

Highlighted filing

2019

Revenue$556,836
Expenses$570,482
Net Income-$13,646
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Jul 14, 2020
Return Version
2018v3.0
Gross Receipts
$556,836
Mission and Program Overview

Mission

The IIA - Chicago Chapter is a professional organization dedicated to serving its members through activities such as professional training education, internal audit thought leadership, and the advancement of the internal audit profession.

The IIA Chicago Chapter is a professional organization dedicated to serving its members through activities such as professional training/education, internal audit thought leadership, and the advancement of the internal audit profession.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$707,291$707,291→ $0
Savings and Temporary Cash Investments$600,000$600,000→ $0
Cash and Non-Interest-Bearing Accounts$429,109$444,671▲ $15,562
Rtn Earn Endowment Incm Other Fnds$310,410$299,891▼ $10,519
Prepaid Expenses and Deferred Charges-$22,922-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$1,029,109$1,067,593▲ $38,484
Liabilities
Accounts Payable and Accrued Expenses$3,128$33,297▲ $30,169
Deferred Revenue$8,280$27,114▲ $18,834
Total Liabilities$11,408$60,411▲ $49,003
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,017,701$1,007,182▼ $10,519
Total Liabilities and Net Assets / Fund Balance$1,029,109$1,067,593▲ $38,484
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris DenverPresident
Allison CancioDirector
Amy TymoszenkoDirector
Corbin Del CarloDirector
Craig YoungbergDirector
Dan GaffneyDirector
David BenitezDirector
Edward GozdeckiDirector
Eric WunderlichDirector
Jason TorresDirector
Nate RueyDirector
Pierre GaliciaDirector
Rebecca NilsonDirector
Rick KokoszkaDirector
Sabrina SeminettaDirector
Steve RandallDirector
Tonya BaezDirector
Yulia GurmanDirector
Eileen IlesSenior VP
Cassaundra RouseVP of Education
Nick SaraccoVP Of Operations
Puja ShahVP, Secretary
Eric SimagaVP, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$520,000
Investment Income
$14,733
Other Revenue
$22,103
Change in Net Assets
$-13,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$525,482
Grants and Similar Amounts Paid$45,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$430,832
Grants to Domestic Orgs---$35,000
Other Expenses---$26,585
Fees for Services Other---$22,073
Travel---$17,572
Grants to Domestic Individuals---$10,000
Fees for Services Accounting---$4,195
Information Technology---$3,032
Occupancy---$1,776
Office Expenses---$593
Total Functional Expenses$0$0$0$570,482
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

A subcommittee of our Board of Governors reviews nominations for officers and makes final appointments. The remainder of the Board of Governors (BOG) works together to appoint new members of this governing body.

Form 990, Part VI, Section A, Line 8B

Committees do not have the authority to act on behalf of the BOG. All decisions are discussed at the Board level; therefore, separate minutes are not maintained for committees.

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

The entire BOG received a copy of the final filing just prior to the actual filing. However, no board member is required to undertake any review of the form either before or after filing.

Form 990, Part VI, Section C, Line 19

Our governing documents, conflicts of interest policy, and financial statements are not currently made available to the public. At this time our organization maintains a website to provide pertinent information such as training courses,board member information, chapter publications, and resources for professional certifications. The governing documents such as chapter bylaws and financial statements are only provided to the Board and its Officers.

Filing and Contact Details

Filer

Filer Name
Institue of Internal Auditors
EIN
23-7408092
Phone
2193840285
Address
PO BOX 06087, Chicago, IL 60606-9997

Signing Officer

Name
Eric Simaga
Title
Treasurer
Phone
2193840285
Signed
2020-07-14

Organization Details

Principal Officer
Chris Denver
Formed
1980
Legal Domicile
Il
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
100
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IRS990/Form990PartVIISectionAGrp/PersonNm1Eileen Iles
IRS990/Form990PartVIISectionAGrp/PersonNm2Cassaundra Rouse
IRS990/Form990PartVIISectionAGrp/PersonNm3Eric Simaga
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IRS990/Form990PartVIISectionAGrp/PersonNm5Puja Shah
IRS990/Form990PartVIISectionAGrp/PersonNm6David Benitez
IRS990/Form990PartVIISectionAGrp/PersonNm7Dan Gaffney
IRS990/Form990PartVIISectionAGrp/PersonNm8Edward Gozdecki
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IRS990/Form990PartVIISectionAGrp/PersonNm10Rebecca Nilson
IRS990/Form990PartVIISectionAGrp/PersonNm11Amy Tymoszenko
IRS990/Form990PartVIISectionAGrp/PersonNm12Eric Wunderlich
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Senior VP
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP of Education
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP, Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP Of Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP, Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
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IRS990/MissionDesc0The IIA - Chicago Chapter is a professional organization dedicated to serving its members through activities such as professional training education, internal audit thought leadership, and the advancement of the internal audit profession.
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IRS990/ProgSrvcAccomActy2Grp/Desc0On an annual basis the IIA Chicago hosts a two day cybersecurity conference for members and non-members. The goal of this event is to advance education of emerging cybersecurity and technology risks and provide continuing professional education (CPE) credit to our members.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Throughout the year, the IIA Chicago hosts a number of educational sessions and networking events for its members. The goal of these seminars and events is to promote our profession and also give training and supplemental education to our members in the form of CPE Credits.
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