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Nonprofit · EIN 23-7379238

INSTITUTE OF INTERNAL AUDITORS

Also known as DETROIT CHAPTER

Tax-exempt · TROY, MI 48099

Financials

$229K$223K2022$289K$261K2023$291K$381K2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE OF INTERNAL AUDITORS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$291,057$380,528-$89,471$175,422$0$175,422
May 31, 2024990$288,722$260,776$27,946$264,823$0$264,823
May 31, 2023990$228,502$222,959$5,543$225,569$0$225,569
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$17,496
Membership dues
$8,496
Program service revenue
$269,655
Investment income
$3,906
Other revenue
$0

Expenses

Grants and similar amounts paid
$21,500
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$13,820
Travel
$7,969
Program services (functional)
$339,607
Management and general (functional)
$40,921

Balance sheet and other

Total assets, start of year
$264,823
Total assets, end of year
$175,422
Total liabilities, end of year
$0
Net assets, end of year
$175,422
Gross receipts
$291,057
Employees
0
Volunteers
40
Year formed
1982
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Brian SmithBoard Member
Trustee or director
0$0
Peter Hartung2nd Past President
Trustee or director
0$0
Laurie EisslerBoard Member
Trustee or director
0$0
John PagacBoard Member
Trustee or director
0$0
Kamilla Williams3rd Past President
Trustee or director
0$0
Jason ThomasPresident
Trustee or director
0.5$0
Nakia RobinsonSecretary
Trustee or director
1$0
Karen HarreldBoard Member
Trustee or director
1.5$0
Amanda HillBoard Member
Trustee or director
0$0
Christopher MartinezBoard Member
Trustee or director
1$0
Sajay RaiBoard Member
Trustee or director
0$0
Michael PetersBoard Member
Officer
0$0
Alan DemirVP President Elect
Officer
0$0
Michael MacdonaldBoard Member
Officer
0$0
Jaqueline SheerinBoard Member
Officer
2$0
3 more people on this return
NameTitleHours / weekCompensation
Asel SolovyevaTreasurer
Officer
3$0
Carrie Schrader2nd Vice President
Officer
2$0
Ziad LajnefBoard Member
Officer
0$0
990 for the year ended May 31, 2024: 17 people
NameTitleHours / weekCompensation
John PagacBoard Member
Trustee or director
0$0
Laurie EisslerBoard Member
Trustee or director
0$0
Richard LoweBoard Member
Trustee or director
0$0
Karen HarreldGovernance Committee
Trustee or director
0.5$0
Nakia RobinsonBoard Member
Trustee or director
1$0
Kamilla Williams2nd Past President
Trustee or director
0$0
Peter Hartung1st Past President
Trustee or director
0$0
Karen MugliaBoard Member
Trustee or director
0$0
Brian SmithBoard Member
Trustee or director
0$0
Jaqueline SheerinBoard Member
Officer
2$0
Jason ThomasVice President
Officer
0.5$0
Michael PetersBoard Member
Officer
0$0
Lola FosterMembership Committee Co-Chair
Officer
0$0
Alan DemirTreasurer
Officer
0$0
Michael MacdonaldPrograms Committee Co-Chair
Officer
0$0
Carrie SchraderSecretary
Officer
0$0
Eulonda WhitmorePresident
Officer
0$0
990 for the year ended May 31, 2023: 18 people
NameTitleHours / weekCompensation
Brian SmithBoard Member
Trustee or director
0$0
Sajay RaiBoard Member
Trustee or director
0$0
Rick LoweBoard Member
Trustee or director
0$0
Karen Muglia3rd Past President
Trustee or director
0$0
Laurie EisslerBoard Member
Trustee or director
0$0
Michael PetersBoard Member
Trustee or director
0$0
Joe MikoBoard Member
Trustee or director
0$0
Sharon GipsonBoard Member
Trustee or director
0$0
Jason ThomasBoard Member
Trustee or director
0$0
John PagacBoard Member
Trustee or director
0$0
Kamilla Williams1st Past President
Trustee or director
0$0
Nakia RobinsonMembership Chair
Officer
0$0
Eulonda WhitmoreCertifications Chair
Officer
0$0
Alan DemirTreasurer
Officer
0$0
Michael MacdonaldPrograms Committee Co-Chair
Officer
0$0
Carrie SchraderSecretary
Officer
0$0
Lola Foster2nd Past President
Officer
0$0
Peter HartungPresident
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 99340, TROY, MI 48099-9340
In care of
% ASEL SOLOVYEVA
Principal officer (990 for 2024)
Asel Solovyeva, PO Box 99340, Troy, MI 48099
Signed the 990
ASEL SOLOVYEVA, Treasurer
Phone
(734) 945-0185
Return prepared by
J&F Advisors

Mission

To promote the internal auditing profession and provide educational opportunities

990 for the year ended May 31, 2025

Program accomplishments

  • Held informative Chapter meetings with valuable topics presented by knowledgeable speakers. We offered: -11 monthly meetings, including our joint meetings with ACFE Southeastern Chapter of Michigan in November, The IIA Central 1 District Virtual Event in December, ISACA Detroit Chapter in December, and IMA Detroit Chapter in May, that offered 1 or 2 CPEs per meeting. On average, we had 65 attendees. -Annual joint Spring Conference with ISACA Detroit Chapter that provided 35 classes offering 328 CPEs over 15 days to 386 attendees. -Two social events for networking purposes: a volunteer event at Forgotten Harvest in January 2025 and Annual Spring Conference Social in March 2025
    Expenses $318,107 · revenue $269,655
  • Supported academic advancement of the internal audit profession by awarding students awards scholarships totaling $18,000 (9 awards $2,000 each) and contributed $3,500 toward The Institute of Internal Auditors foundation.
    Expenses $21,500
  • Improved our succession plan by beginning to document committee procedures and identifying leadership for the next 2 Chapter Years.
  • Maintained approximately 999 members, representing over 100 companies/organizations. Detroit continues to be one of the largest IIA chapters in the United States.
  • Achieved Sapphire chapter achievement status (26 consecutive years of gold status chapter health) continued to offer programming, promote and encourage IIA certifications, advocate for the IIA and the profession, and maintained a strong chapter membership.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
23-7379238
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1992
Accounting year ends
May
Files
Form 990 or 990-EZ
Assets (IRS master file)
$175,422
Income (IRS master file)
$291,057

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$291,057$380,528$175,422XML
990May 2024$288,722$260,776$264,823XML
990May 2023$228,502$222,959$225,569XML
990May 2022$223,006$187,111$230,130IRS
990May 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7379238).

Questions about INSTITUTE OF INTERNAL AUDITORS

What is the EIN of INSTITUTE OF INTERNAL AUDITORS?
The employer identification number (EIN) of INSTITUTE OF INTERNAL AUDITORS is 23-7379238.
Is INSTITUTE OF INTERNAL AUDITORS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
Are donations to INSTITUTE OF INTERNAL AUDITORS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INSTITUTE OF INTERNAL AUDITORS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INSTITUTE OF INTERNAL AUDITORS due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTE OF INTERNAL AUDITORS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of INSTITUTE OF INTERNAL AUDITORS?
The 990 for the year ended May 31, 2025 names Asel Solovyeva.
Who are the officers and directors of INSTITUTE OF INTERNAL AUDITORS?
The 990 for the year ended May 31, 2025 lists 18 people; 0 received compensation from the organization.
How much revenue does INSTITUTE OF INTERNAL AUDITORS have?
On its 990 for the year ended May 31, 2025 it reported revenue of $291,057, expenses of $380,528 and total assets of $175,422 at year end.

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