IT Governance Institute

“The 2014 form 990 for it governance institute (itgi) was prepared by cohnreznick llp (cohnreznick), based upon information provided by itgi. This document summarizes the review points and availability associated with the returns. The data for the return was compiled based on information prepared for the 2014 audit, as well as other accounting records. This information was submitted to cohnreznick for preparation of the returns. In addition to the financial information cohnreznick received, cohnreznick had an opportunity to raise questions about governance and other issues, and request additional information as needed. The narrative explanations of program accomplishments and policies were coordinated with the director of communications and the members of the executive team. Upon completion of the returns, several layers of review were conducted: - initial reviews of return: the initial review of the completed return was completed by the respective staff within the finance department. - senior management review: following the initial review, the ceo and the members of the executive team were provided a copy of the return for comment. The ceo and sr. Director human resources also provided an additional review of the compensation-related areas. Comments were forwarded to cohnreznick for incorporation into the return. - volunteer review: the compensation committee was delegated the review of the compensation-related sections of the return (as outlined in its charter). A detailed review of the form 990 compensation data and the applicable supporting documentation was completed by an independent external accounting firm. The conclusions of the review were provided to the compensation committee as part of its review of the related disclosures pertaining to compensation. -- the organizations governance advisory council (gac) chair reviewed the remainder of the return. The international president also was provided the opportunity to review the return at this time. -- comments from these reviews were evaluated and provided to cohnreznick, who updated the return, if applicable. -- the board of trustees was provided access to the return via the board portal (web site) prior to its filing.”

“It governance institute (itgi) has a formal, written conflict of interest policy addressing instances where a third-party relationship of a paid consultant, volunteer and/or employee could in some way potentially present or appear to present a compromise related to actions and decisions made on behalf of itgi. The policy allows for remedies and/or appropriate responses based on a joint determination by itgi management and volunteer leadership of the nature and extent of the potential conflict. The conflict of interest policy is reviewed on a periodic basis by the governance advisory council (gac) and approved by the itgi board of trustees. 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 institute boards; (2) disclosure of conflicts in standard consulting agreements; and (3) disclosure by information systems audit and control association employees (related organization) upon hire (and annually) by review and signature of organizations 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.”

“It governance institute (itgi) has no paid employees; therefore, there is no need for a process to determine compensation. However, itgis related membership organization, information systems audit and control association, does have appropriate processes in place for approval of compensation of its ceo, officers, and top management key employees, whose services are shared with itgi.”

“The following documents are posted to the web site and provided upon request: (1) participation agreement and intellectual property (ip) waiver agreement, which outlines the conflict of interest policy and intellectual property ownership issues and is required to be signed by all volunteers; (2) the bylaws and articles of incorporation of the organization; and (3) the annual report. The it governance institute (itgi) does not have a form 1023, but it does provide the irs letter of determination, upon request. In addition, form 990 is publicly available through guidestars website and the illinois attorney generals website.”

“The it governance institute (itgi) shares with its affiliated membership association, information systems audit and control association (isaca) (related organization), a mission of serving professionals and organizations by being the leading global provider of knowledge, certifications, community, advocacy and education on information systems assurance and security, governance of enterprise information technology (it), and it-related risk and compliance. Itgi's role focuses on knowledge of it governance and related topics. Itgi supports international understanding of good practices to direct and control an enterprises it. Through its support of isacas collaborative development model, itgi helps enable global perspective on critical issues facing enterprise leaders and practitioners in their it governance responsibilities.”

“It governance institute (itgi) and information systems audit and control association (isaca) (related organization) serve professionals and organizations worldwide through knowledge, certifications, community, advocacy and education in the professional specialties of their members and constituents. Itgi supports isacas work to increase understanding of the relationships among different types of enterprise governance, and global practices for implementing effective enterprise governance of information technology (it). Itgi focuses primarily on frameworks and supporting documents to help enterprises achieve the five focus areas of it governance: strategic alignment, performance measurement, resource management, value delivery and risk management.”

“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 (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.”

“Other: program service expenses 0. Management and general expenses 74,120. Fundraising expenses 0. Total expenses 74,120.”

“The organization has a committee responsible for the oversight of the audit as well as the selection of the independent accountant.”