Information Systems Audit And Control Association Inc
- Assets
- $6.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 02/1974
- Data as of
- 12/2021
- EIN
- 94-2919522
Organization Overview
Information Systems Audit And Control Association Inc is located in Schaumburg, IL. The organization was established in 1974. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Information Systems Audit And Control Association Inc 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 12/2021, Information Systems Audit And Control Association Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Information Systems Audit And Control Association Inc has awarded 18 individual grants totaling $267,089. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INFORMATION SYSTEMS AUDIT AND CONTROL ASSOCIATION (ISACA) CHAPTERS SERVE LOCAL IT GOVERNANCE, RISK, SECURITY AND AUDIT PROFESSIONALS BY LINKING THEM TO THE GREATER, GLOBAL ISACA COMMUNITY AND EQUIPPING THEM WITH KNOWLEDGE, CREDENTIALS, AND EDUCATION TO ADVANCE THEIR CAREERS AND TRANSFORM THEIR ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFORMATION TECHNOLOGY IS A RAPIDLY CHANGING INDUSTRY, AND IT DEMANDS A COMMITMENT ON THE PART OF ITS PRACTITIONERS TO LEARN CONTINUOUSLY AND MASTER NEW SKILLS. ISACA CHAPTERS' PRIMARY PURPOSE IS TO SERVE THEIR LOCAL MEMBERS BY OFFERING BENEFITS IN THE FOLLOWING CATEGORIES: EDUCATION/PROFESSIONAL DEVELOPMENT, NETWORKING AND RELATIONS, AND ADVOCACY. EDUCATIONAL EVENTS FOR PROFESSIONAL DEVELOPMENT INCLUDE OPPORTUNITIES SUCH AS TRAINING SESSIONS, SEMINARS, CONFERENCES AND CERTIFICATION EXAM REVIEW COURSES. THE CHAPTERS ALSO FACILITATE LOCAL NETWORKING BY OFFERING OPPORTUNITIES TO BUILD RELATIONSHIPS WITH OTHER PROFESSIONALS AND ORGANIZATIONS WITH RELATED INTERESTS THROUGH CHAPTER AND COMMITTEE MEETINGS, NETWORKING EVENTS, AND EDUCATIONAL EVENTS. A SENSE OF COMMUNITY IS ALSO PROMOTED THROUGH THE CHAPTER WEBSITE PROVIDING A CONNECTION TO THE GLOBAL CONSTITUENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 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 | $13,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,400 |
| Total Program Service Revenue | $2,269,778 |
| Investment income | $2,543 |
| 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 | $2,407,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $159,712 |
| Grants and other assistance to domestic individuals. | $26,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $1,303 |
| Fees for services: Accounting | $37,954 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,882 |
| Advertising and promotion | $6,960 |
| Office expenses | $59,934 |
| Information technology | $155,088 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,523,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $40,049 |
| All other expenses | $148 |
| Total functional expenses | $2,158,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,145,917 |
| Savings and temporary cash investments | $4,934,956 |
| 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 | $2,500 |
| Total assets | $6,083,373 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $6,083,373 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,083,373 |
Grants Awarded
Over the last fiscal year, Information Systems Audit And Control Association Inc has awarded $110,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NORTH TEXAS PURPOSE: Academic Scholarship | $31,000 |
TEXAS A&M COLLEGE OF BUSINESS PURPOSE: Academic Scholarship | $26,500 |
UNIVERSITY OF TEXAS AT ARLINGTON PURPOSE: Academic Scholarship | $25,500 |
Schaumburg, IL PURPOSE: General Support | $17,700 |
Arlington, VA PURPOSE: Academic Scholarship | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wiscnet Madison, WI | $19,265,640 | $9,057,881 |
The Hdf Group Champaign, IL | $2,681,088 | $3,775,571 |
Information Systems Audit And Control Association Inc Schaumburg, IL | $6,083,373 | $2,407,593 |
Lumity Chicago, IL | $1,180,986 | $2,382,766 |
Open Source Technology Improvement Fund Inc Chicago, IL | $357,157 | $1,309,759 |
Open Information Security Foundation Inc Lafayette, IN | $1,345,059 | $1,521,763 |
Wisconsin Livestock Identification Consortium Inc Madison, WI | $152,013 | $431,499 |
Unity Foundation Np St Louis, MO | $7,837 | $125,000 |
International Association For Human Resource Information Management In Milwaukee, WI | $72,144 | $229,897 |
Society For Management Information Systems Chicago, IL | $266,168 | $214,433 |
Iowa Technology And Education Connection Nevada, IA | $137,996 | $217,389 |
Aps Training Institute Inc Aurora, IL | $42,690 | $0 |