Institute Of Internal Auditors
- Assets
- $109.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 01/1992
- Data as of
- 05/2024
- EIN
- 59-1669629
Organization Overview
Institute Of Internal Auditors is located in Norfolk, VA. The organization was established in 1992. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Institute Of Internal Auditors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2024, Institute Of Internal Auditors generated $57.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $62.7k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
THE INSTITUTE OF INTERNAL AUDITORS TIDEWATER CHAPTER SERVES APPROXIMATELY 240 MEMBERS AND OVER 500 OTHER PROFESSIONALS BY PROVIDING CONTINUING PROFESSIONAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessika Jemmott President | 10 | $0 | |
Sylvia Martin Secretary | 5 | $0 | |
Tim Haycox Treasurer | 5 | $0 | |
Katie Sanders Membership Officer | 1 | $0 | |
Shanti Mullen Immediate Past President | 1 | $0 | |
Sheryl Baxter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $57,292 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,292 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $229 |
| Other expenses | $62,502 |
| Total expenses | $62,731 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,567 |
| Other assets | $0 |
| Total assets | $109,237 |
| Total liabilities | $7,038 |
| Net assets or fund balances | $102,199 |