2024-11-08T20:00:13+00:00 2023-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2023-01-01 834605433 ISACA Foundation ISAC 8472531545 1700 East Golf Road 400 Schaumburg IL 601735820 Thomas Kyei-Boateng Treasurer & CFO 8476605511 2024-11-09 true Mallory Fairless P01321579 3128997000 2024-11-09 2023 2024-10-15 13:58:12Z X Thomas Kyei-Boateng 1700 East Golf Road 400 Schaumburg IL 601735820 1886915 false X https://www.isaca.org/about-us/isaca-foundation X 2019 DE The ISACA Foundation builds equity, equality, access and engagement for all communities in the always-evolving technology landscape. The ISACA Foundation removes barriers to ensure the IT audit, risk, security, assurance and cyber professions are accessible for all through our scholarship and workforce inclusion programs. 9 8 5 382 0 0 1369117 1790743 0 10906 96172 0 1380023 1886915 438102 341625 0 507631 368685 0 0 356149 527918 1301882 1238228 78141 648687 2164846 3323763 1581935 2092165 582911 1231598 X The ISACA Foundation (previously known as One In Tech, An ISACA Foundation) was founded in 2019 to enable our global community of digital trust professionals to support the next generation of IT audit, risk, security, assurance and cyber leaders. Our mission is to provide opportunities for under-represented individuals to enter security professions and support the advancement of untapped talent into leadership positions. true false 734742 327025 The ISACA Foundation celebrates the many achievements in our work to address the cyber workforce gap by building diversity and inclusion into career pipelines. Highlights include: * Awarded 99 recipients representing 20 countries through the foundation's scholarship program * Paid out nearly $330,000 in scholarship awards * Connected these scholarship recipients with mentoring, cyber classes, networking, and a pipeline into careers * Scholarship program enlisted the support of 320 ISACA volunteers and 22 partners * The Digital Trust Workforce Inclusion Program, which serves diverse and underserved populations, expanded to five US cities in partnership with the Caterpillar Foundation 201920 14600 Launched the Digital Trust Workforce Inclusion Program for 2023. This program is designed to bridge the skills gap, create opportunities for underrepresented and economically disadvantaged communities, and ensure a diverse and inclusive digital workforce. We offer free certification training, mentorship, and career support * The Digital Trust Workforce Inclusion Program provided education to 166 learners * Nearly 9 in 10 Digital Trust Workforce Inclusion Program participants (87%) come from diverse backgrounds * Paid out $14,600 in stipends to participants in the Workforce Inclusion Program to provide further career support. 59467 SheLeadsTech continues to create pathways for women to advance in Digital Trust and resource their development with technical programming, professional skill building, and a community of other women and allies in the industry. One In Tech's collaboration with ISACA to provide global mentoring and our multiple networking opportunities fueled connections to support women in advancing careers. We connected women to certification seekers and instructors, potential sponsors and coaches, and a myriad of other tools and tips designed to create gender balance in the industry. In addition, OIT SheLeadsTech: * Engaged over 5,000 women through SheLeadsTech activities, resources, and events * Offered a robust SheLeadsTech Toolkit with educational and action-oriented modules to ISACA chapters for global dissemination * Held over 100 events under the SheLeadsTech banner * Joined forces with ISACA's mentorship program to offer 117 women mentoring relationships * Secured and activated 234 SheLeadsTech Ambassadors who advocate and support gender-diversity in the cyber world 996129 true true false false false false false false false false false false false true true false true false false true false true false false false false true true true false false false false false false false false false false false false false true false false false true 5 0 true 5 true false false false false false false false false false false false false X 9 8 false false true false false true true true false false false true true true true true true false false false IL X Thomas Kyei-Boateng 8472531545 1700 E Golf Rd Ste 400 Schaumburg IL 60173 Erik Prusch PRESIDENT, DIRECTOR & ISACA CEO 1.0 40.0 X X 0 514844 40204 Ariel Weintraub Director 1.0 0 X 0 0 0 CHRIS MOSCHIVITIS DIRECTOR 1.0 0 X 0 0 0 Dev PATEL Director 1.0 0 X 0 0 0 GAIL COURY CHAIR, 2019-2023 3.0 0 X 0 0 0 Jermaine Stanley Director 1.0 1.0 X 0 0 0 Niel Harper Direcor 1.0 3.0 X 0 0 0 RV RAGHU DIRECTOR 1.0 0 X 0 0 0 Veronica N Rose Director (From February 2023) 1.0 3.0 X 0 0 0 Josephine M Howard Secretary 1.0 40.0 X 0 128975 19495 Thomas Kyei-Boateng TREASURER & CFO 1.0 40.0 X 0 421533 62702 Virginia A Spitzer Executive Director (Through June 2023) 40.0 0 X 158658 0 6381 Hollee Mangrum-Willis Sr. Program Manager (Through August 2023) 40.0 0 X 122108 0 10360 DAVID A SAMUELSON FORMER PRESIDENT, DIRECTOR & ISACA CEO 1.0 40.0 X 0 995727 0 280766 2061079 139142 2 true true false 0 1250000 540743 1790743 0 0 0 0 0 96172 96172 0 0 0 0 0 0 0 0 0 1886915 0 0 96172 253025 253025 14600 14600 74000 74000 165039 123779 41260 160275 120206 40069 524 393 131 19618 14714 4904 23229 17422 5807 17613 17613 5951 5951 80448 60336 20112 0 100220 75165 25055 69749 52312 17437 Shared Services Fee - Indirect OH 250000 187500 62500 Employee development, seminars, webinars, etc 3051 2288 763 Employee Subscriptions and memberships 518 389 129 Taxes & Licenses fee 368 368 0 0 0 0 1238228 996129 242099 0 1361844 2439073 801671 840182 923 0 0 0 0 0 408 408 0 0 0 0 0 0 0 44100 2164846 3323763 366997 327545 340000 429549 0 0 874938 1335071 1581935 2092165 X 567551 1231598 15360 0 582911 1231598 2164846 3323763 648687 0 X false true X true false X X X 1 Information Systems Audit and Control Association Inc 237067291 9 true 0 0 1 0 0 true false true true false false false false false false false false false false false false false true false Schedule A, Part IV, Section A, Line 3b Qualified Under 501C(4)(5) Or (6) ISACA Foundation ( Previously known as One in Tech, An ISACA Foundation), was organized to support the purposes of the Information Systems Audit and Control Association, Inc. (herein "ISACA") in furtherance of their various charitable and educational programs. ISACA is a well-known professional association organized and exempt under 501(c)(6) of the internal revenue code. It should be noted that if ISACA were an organization described in section 501(c)(3) of the code, it would not be a private foundation by reason of code section 509(a)(2). The organization annually confirms the supported organization meets the section 509(A)(2) public support test. Under code section 509(a)(3), an organization may be formed to support a 501(C)(6) organization and the ISACA Foundation was created for this purpose. ISACA's primary educational purpose is to advance the information systems assurance and security profession. The sole purpose of ISACA Foundation is to support and assist in the educational and other charitable purposes of ISACA which are described in section 170(c)(2) of the code. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DUE TO AFFILIATE 1335071 1335071 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Association and the Institue have received favorable determination letters from the Internal Revenue Service stating that they are exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986 ("IRC"), as organizations described in Sections 501(c)(6) and 501(c)(3), respectively, except for income taxes pertaining to unrelated business income. Management has determined that there are no material uncertain positions that require recognition in the financial statements. As of 31 December 2023 and 2022, the Association and the Institue did not recognize any interest or penalties associated with tax matters. IGI accounted for income taxes pursuant to the asset and liability method which requires deferred income tax assets and liabilities to be computed annually for temporary differences between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the temporary differences are expected to affect taxable income. Deferred tax assets which arose primarily from net operating loss carryforwards for federal and state income tax purposes, related to IGI and OIT, are not expected to be realizable and therefore have a valuation allowance for the full amount of the related deferred tax asset recorded. The Association's, the Institue's, IGI's federal and state income tax returns prior to 2020 are closed, and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. true Europe (Including Iceland and Greenland) 0 0 Scholarships Awarded 8000 Sub-Saharan Africa 0 0 Scholarships Awarded 20500 North America (Canada & Mexico only) 0 0 Scholarships Awarded 2000 South Asia 0 0 Scholarships Awarded 17000 East Asia and the Pacific 0 0 Scholarships Awarded 17500 Central America and the Caribbean 0 0 Scholarships Awarded 9000 0 0 0 0 0 0 74000 0 74000 Scholarships Europe (Including Iceland and Greenland) 15 8000 Wire Transfer Scholarships Sub-Saharan Africa 26 20500 WIRE TRANSFER Scholarships South Asia 10 17000 WIRE TRANSFER Scholarships East Asia and the Pacific 14 17500 WIRE TRANSFER Scholarships Central America and the Caribbean 9 9000 WIRE TRANSFER false false false false false true Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds The ISACA Foundation (previously known as One In Tech, an ISACA Foundation), uses a system of four-part processes to monitor/ensure its scholarship awards are used for proper purposes and aren't otherwise diverted from the intended use. The first method is by the ISACA Foundation utilizing a professional scholarship management tool to manage the entire awarding process. The second is to directly confirm the student awardee's attendance and good standing at the academic institute which they attend. The third is awardees receive a use of funds letter and sign an agreement on the use of the funds. The fourth is collecting the school's W-9 (U.S.) to ensure the school is in good standing. Once this is monitored, the ISACA Foundation remits the scholarship monies to the recipient's university bursar's office (U.S.) or directly to the recipient (outside the U.S.) with a letter of instruction to be applied to cover tuition and books. The ISACA Foundation communicates with each academic institute to confirm payment and application to student's account. The ISACA Foundation designs, develops, and facilitates its scholarship applications on a professional scholarship management platform OpenWater. This platform enables streamlined, transparent processes to gather data within applications that meet the specific criteria set for each scholarship program. The eligibility has core criteria to target underrepresented audiences studying in the cyber fields as well as other specific criteria as determined by the foundation's partners supporting the scholarships. The ISACA Foundation uses a panel of judges who score each application based on the criteria within a uniformed scoring system. The ISACA Foundation also blocks name, gender, race, and any other identifying information of the scholar to ensure privacy AND to create non-biased selection. Awardees receive documented communications from the foundation regarding the award, and all communications with the academic institutes is also documented and saved. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN -Accrual EAST ASIA AND THE PACIFIC -Accrual EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual true University of Massachusetts Amherst 215 Whitmore Building 181 Presidents Drive Amherst MA 01003 043167352 501(c)(3) 20000 Scholarship program created to assist students in need pursuing careers in tech UC Davis 118 Shields Ave Davis CA 95616 464117124 501(c)(3) 10500 Scholarship program created to assist students in need pursuing careers in tech Fayetteville State University 1200 Murchison Road Fayetteville NC 28301 581238736 501(c)(3) 6000 Scholarship program created to assist students in need pursuing careers in tech 3 0 Scholarships 20 14600 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. ISACA FOUNDATION'S SCHOLARSHIP PROGRAM (U.S. and Worldwide) The ISACA Foundation (previously known as One In Tech, an ISACA Foundation), uses a system of four-part processes to monitor/ensure its scholarship awards are used for proper purposes and aren't otherwise diverted from the intended use. The first method is by the ISACA Foundation utilizing a professional scholarship management tool to manage the entire awarding process. The second is to directly confirm the student awardee's attendance and good standing at the academic institute which they attend. The third is awardees receive a use of funds letter and sign an agreement on the use of the funds. The fourth is collecting the school's W-9 (U.S.) to ensure the school is in good standing. Once this is monitored, the ISACA Foundation remits the scholarship monies to the recipient's university bursar's office (U.S.) or directly to the recipient (outside the U.S.) with a letter of instruction to be applied to cover tuition and books. The ISACA Foundation communicates with each academic institute to confirm payment and application to student's account. The ISACA Foundation designs, develops, and facilitates its scholarship applications on a professional scholarship management platform OpenWater. This platform enables streamlined, transparent processes to gather data within applications that meet the specific criteria set for each scholarship program. The eligibility has core criteria to target underrepresented audiences studying in the cyber fields as well as other specific criteria as determined by the foundation's partners supporting the scholarships. The ISACA Foundation uses a panel of judges who score each application based on the criteria within a uniformed scoring system. The ISACA Foundation also blocks name, gender, race, and any other identifying information of the scholar to ensure privacy AND to create non-biased selection. Awardees receive documented communications from the foundation regarding the award, and all communications with the academic institutes is also documented and saved. ISACA FOUNDATION'S DIGITAL TRUST WORKFORCE INCLUSION PROGRAM (U.S.) The ISACA Foundation (previously known as One In Tech, an ISACA Foundation), uses a system of three-part processes to monitor/ensure its stipend awards are used for proper purposes and aren't otherwise diverted from the intended use. The first method is by the ISACA Foundation utilizing a professional scholarship management tool to manage the entire awarding process. The second is awardees receive a use of funds letter and sign an agreement on the use of the funds. The third is collecting the awardee's W-9. Once this is signed and we receive the participants completed W-9, the ISACA Foundation remits the scholarship monies to the recipient with a letter of instruction to be applied to cover further career development courses and technology. The ISACA Foundation designs, develops, and facilitates its stipend applications on a professional scholarship management platform OpenWater. This platform enables streamlined, transparent processes to gather data within applications that meet the specific criteria set for each scholarship program. The eligibility has core criteria to target underrepresented audiences training in the cyber fields as well as other specific criteria as determined by the foundation's partners supporting the stipends. The ISACA Foundation uses a panel of judges who score each application based on the criteria within a uniformed scoring system. The ISACA Foundation also blocks name, gender, race, and any other identifying information of the scholar to ensure privacy AND to create non-biased selection. Awardees receive documented communications from the foundation regarding the award. true false false false false false false false false DAVID A SAMUELSON FORMER PRESIDENT, DIRECTOR & ISACA CEO 0 0 0 0 0 995727 0 0 0 0 0 995727 0 0 Erik Prusch PRESIDENT, DIRECTOR & ISACA CEO 0 411649 0 100000 0 3195 0 16500 0 23704 0 555048 0 0 Thomas Kyei-Boateng TREASURER & CFO 0 305138 0 93840 0 22555 0 16462 0 46240 0 484235 0 0 Virginia A Spitzer Executive Director (Through June 2023) 115604 0 41773 0 1281 0 5780 0 601 0 165039 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation The ISACA Foundation (previously known as One in Tech, An ISACA Foundation), top management officials' compensation is handled by a related organization, Information Systems Audit and Control Association, Inc. (ISACA). The related organization used the following method to establish the compensation of the organization's Executive Director: ISACA compensation study, recommendations by ISACA People and Culture and approval by the Board, ISACA CEO and/or Compensation Committee. Schedule J, Part I, Line 4a Severance or change-of-control payment DUE TO CONFIDENTIALITY AGREEMENTS THAT HAVE BEEN SIGNED, WE ARE PROHIBITED FROM DISCLOSING SPECIFIC AMOUNTS FOR EACH PERSON. HOWEVER, TO THE EXTENT SUCH AMOUNTS WERE CONSTRUCTIVELY RECEIVED IN THE CURRENT YEAR, THEY HAVE BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B). Form 990, Part III, Line 2 New program services In 2023, ISACA Foundation launched the Digital Trust Workforce Inclusion Program. This program is designed to bridge the skills gap, create opportunities for underrepresented and economically disadvantaged communities, and ensure a diverse and inclusive digital workforce. We offer free certification training, mentorship, and career support Form 990, Part VI, Line 15 Process to Establish Compensation Top Official, Officer, Key Employee The compensation committee of the Information Systems Audit and Control Association (ISACA) determines the compensation for the organization's executive director. The compensation committee of ISACA is provided with a compensation range by a compensation consultant. Ranges are calculated based on position, responsibilities, and a blend of the not-for-profit and for-profit sectors, which reflects the labor market in which ISACA competes for executive talent. The final report of the compensation consultant is accepted by the committee and the compensation philosophy, contract (if applicable) then serve as the basis for the determination of compensation, consisting of base salary, incentives, total cash compensation and benefits. Determination for the executive director is made by the CEO based on the accepted compensation ranges and approved by the compensation committee. The remuneration packages are reviewed annually by the compensation committee. Because compensation is determined by a related entity of ISACA Foundation, this question is answered "no" in accordance with the IRS instructions to Form 990. Form 990, Part VI, Line 4 Significant changes to organizational documents The Foundation changed its name from One In Tech, an ISACA Foundation, to the ISACA Foundation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The organization's directors are appointed by ISACA, its supported organization. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The organization's directors are appointed by ISACA, its supported organization. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body 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. Form 990, Part VI, Line 11b Review of form 990 by governing body The 2023 Form 990 for the ISACA Foundation, was prepared by Crowe LLP (Crowe), based upon information provided by ISACA Foundation. 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 2023 audit, as well as other accounting records. This information was submitted to Crowe for preparation of the returns. In addition to the financial information Crowe received, Crowe 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 appropriate Directors and the members of the Leadership 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 Executive Leadership Team including the ISACA CEO, ISACA CFO, Chief Marketing and Membership Officer were provided a copy of the return for a complete review and to raise comments. Comments were forwarded to Crowe for incorporation into the return. - Volunteer review: The ISACA Foundation Board of Directors were provided access to the return via Board Effect (web site) prior to its filing. Comments from these reviews were evaluated and provided to Crowe, who updated the return, if applicable. Form 990, Part VI, Line 12c Conflict of interest policy The ISACA Foundation has a conflict of interest policy that defines an interested person as any director, officer, or member of a committee with governing board delegated power. An independent director is defined as described in the instructions for the IRS 990 form, or in the absence of such definition as an individual who has not in the past three years been an employee of ISACA Foundation or any entity in which ISACA Foundation has an interest; who does not have a significant business relationship with ISACA Foundation which could impact independent decision making; who does not serve as the executive of another corporation where any of ISACA Foundation's executive officers or employees serve on that corporation's compensation committee and who does not have an immediate family member who is an executive officer or employee of ISACA Foundation or who holds a position that has a significant financial relationship with ISACA Foundation. Such policy also directs board members and others to keep in confidence all ISACA Foundation 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. Further, 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 Foundation 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. Form 990, Part VI, Line 19 Required documents available to the public The following ISACA Foundation documents are posted to the ISACA Foundation web site or provided upon request: participation agreement; ISACA Foundation's Bylaws; ISACA Foundation's Articles of Incorporation and ISACA Foundation's annual report. ISACA Foundation has an IRS Form 1023 which will be provided upon request. In addition, Form 990 is available upon request. Information Systems Audit and Control Association Inc 1700 East Golf Road Ste 400 Schaumburg IL 60173 237067291 Membership CA 501(c)(6) NA false ISACA Global Inc 1700 East Golf Road Ste 400 Schaumburg IL 60173 814641778 Holding Company DE ISACA C Corporation false ISACA Europe Limited Foreign Operations EI ISACA C Corporation false false false true false false false false false false false false false false true true true false false true