Internal Auditing Academic Advancement Fund Inc
- Assets
- $881.8k
- Revenue
- $122.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Altamonte Springs, FL
- Founding
- Data as of
- 12/2015
- EIN
- 20-5370828
Organization Overview
Internal Auditing Academic Advancement Fund Inc is located in Altamonte Springs, FL. Internal Auditing Academic Advancement Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE IIA BY PROMOTING THE DEVELOPMENT OF EDUCATIONAL PROGRAMS IN INTERNAL AUDITING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES GRANTS TO EDUCATIONAL INSTITUTIONS PARTICIPATING IN THE INSTITUTE OF INTERNAL AUDITORS' INTERNAL AUDITING EDUCATION PARTNERSHIP, WHICH ARE USED TO DEVELOP AND IMPROVE EDUCATION IN INTERNAL AUDITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence J Harrington Chairman(term End 7/15) | OfficerTrustee | 2 | $0 |
Angela Witzany Chairman | OfficerTrustee | 2 | $0 |
Maunda Land Secretary/treasurer | OfficerTrustee | 2 | $0 |
Kevin Mayeux President (term End 7/15) | OfficerTrustee | 2 | $0 |
Frank M O'brien Senior Vice Chairman | OfficerTrustee | 2 | $0 |
William Michalisin President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,872 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $102,490 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,070 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,986 |
| Advertising and promotion | $10,576 |
| Office expenses | $2,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $222,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $875,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,303 |
| Total assets | $881,828 |
| Accounts payable and accrued expenses | $6,689 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,689 |
| Unrestricted restricted net Assets | $814,297 |
| Temporarily restricted net Assets | $60,842 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $875,139 |
Grants Awarded
Over the last fiscal year, Internal Auditing Academic Advancement Fund Inc has awarded $98,645 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LOUSIANA STATE UNIVERSITY AND A&M COLLEGE PURPOSE: To enhance and grow the IAEP program and to provide teaching assistants | $31,110 |
UNIVERSITY OF TEXAS - DALLAS PURPOSE: To enhance and grow the IAEP program | $25,000 |
Kennesaw, GA PURPOSE: To enhance and grow the IAEP program and to provide teaching assistants | $17,135 |
Seattle, WA PURPOSE: To enhance and grow the IAEP program | $15,000 |
UNIVERSITY OF NEVADA - LAS VEGAS PURPOSE: To enhance and grow the IAEP program | $10,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Internal Auditing Academic Advancement Fund Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Institute Of Internal Auditors Houston, TX PURPOSE: RESEARCH | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Aspire Health Partners Inc Orlando, FL | $88,783,924 | $102,481,660 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Four County Electric Membership Corp Burgaw, NC | $229,795,069 | $103,654,934 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
Young Mens Christian Association Of Metropolitan Atlanta Inc Atlanta, GA | $319,280,484 | $102,392,694 |
Central Electric Power Association Carthage, MS | $142,416,370 | $101,127,410 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |