IT Governance Institute

“Lines 15a and 15b are answered "no" in accordance with the irs instructions to form 990. The organization does not compensate officers or directors; all compensation is reported from a related entity.”

“The organization's directors are appointed by ISACA, its supported organization.”

“The organization's directors are appointed by ISACA, its supported organization.”

“The organization has no committees with authority to act on behalf of the governing body. Therefore, line 8b has been checked no in accordance with the instructions.”

“The return will not be distributed to the board as the organization has dissolved and the board of directors no longer meets.”

“The IT Governance Institute (ITGI) has a conflict of interest policy that defines an interested person (which includes officers, directors, trustees, and key employees) and independent director; directs Board members and others to keep in confidence all ITGI confidential information; requires Board members and others to disclose arrangements that may propose a conflict of interest so that the Conflict of Interest Panel comprised of the Nominating & Governance Committee Chair, Board Chair and ISACA CEO may evaluate such arrangements. This policy details the procedures that must be used in considering a conflict of interest, periodic reviews of any compensation arrangements and other partnerships. Potential conflicts of interest are documented and monitored each year, through (1) self-proclamations made by individual volunteers who sign the participation agreements required for participation in association boards, committees, working groups and task forces; (2) disclosure of conflicts in standard consulting agreements; and (3) disclosure by ISACA employees upon hire (and annually) by review and signature of the organization's employee agreement. Consultants, volunteers and employees are encouraged to report any conflicts that may arise throughout the year. If such instances are reported, they are dealt with at that time and based on the circumstances relating to the potential conflict.”

“The following it governance institute (itgi) documents are posted to the information systems audit and control association (isaca) website or provided upon request: participation agreement; itgi's bylaws; itgi's articles of incorporation and isaca's annual report. Itgi does not have an irs form 1023, but it does provide the irs letter of determination, upon request. In addition, form 990 is available upon request.”

“In 2020 the isaca and itgi board initiated the process to dissolve the institute. This process of dissolution concluded in april 2022.”

“It governance institute (itgi) does not have paid employees; therefore, there are no employees to report on form w-3. All revenue and expenses, which include employee salaries, are processed through an intercompany account with the information systems audit and control association, inc. (isaca) (related organization) to eliminate the need for supporting departments and it systems. Facilities, paid employees, equipment and other assets are shared for itgi functions. The percentage used by itgi is not material to isaca.”

“Transfer of net assets to related exempt organization - -906304;”