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Nonprofit · EIN 41-6173532

INSTITUTE OF INTERNAL AUDITORS

Also known as TWIN CITIES CHAPTER

Tax-exempt · INVER GROVE, MN 55077

Financials

$144K$157K2023$100K$136K2024
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$100,282$136,490-$36,208$241,568$12,889$228,679
May 31, 2024990$144,406$156,658-$12,252$271,979$11,302$260,677
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$98,350
Investment income
$1,932
Other revenue
$0

Expenses

Grants and similar amounts paid
$4,500
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0

Balance sheet and other

Total assets, start of year
$271,979
Total assets, end of year
$241,568
Total liabilities, end of year
$12,889
Net assets, end of year
$228,679
Publicly traded securities
$166,420
Gross receipts
$100,282
Employees
1
Volunteers
55
Year formed
1981
State of legal domicile
MN

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
TANYA BERTRANDEXECUTIVE DIRECTOR
Officer
20$0
JENNA NIEDZPRESIDENT
Officer
5$0
DAVID LUBINPRESIDENT ELECT
Officer
5$0
JONATHAN CARACCIVP ACADEMIC RELATIONS
Officer
5$0
JOE JOSEPHVP CAE RELATIONS
Officer
5$0
TIM SCHMIDTVP COMMUNICATIONS
Officer
5$0
KATIE BRENKVP EVENTS AND CONFERENCES
Officer
5$0
JOE STRANDEVP PROGRAMS
Officer
5$0
CHRISSY SCHUMANNVP MEMBERSHIP AND CERTIFICATIONS
Officer
5$0
TRISTA BRAUNVP MEMBER RELATIONS
Officer
5$0
KIM SAMROCKVP MEMBER RELATIONS
Officer
5$0
JARRET PETERSONVP RISING AUDIT PROFESSIONALS
Officer
5$0
JULIE HANNDISTRICT REPRESENTATIVE
Officer
5$0
GARRETT SCHMIDTTREASURER
Officer
5$0
MARK KLEINWOLTERINKASSITANT TREASURER
Officer
5$0
17 more people on this return
NameTitleHours / weekCompensation
SASHA LUGOVSKYYASSITANT TREASURER
Officer
5$0
JEREMIAH CHAMPPAST PRESIDENT
Officer
5$0
KRISTYN BELLPAST PRESIDENT
Officer
5$0
ERIC OVERMANBOARD OF GOVERNORS
Trustee or director
1$0
SARAH MCCARTTYBOARD OF GOVERNORS
Trustee or director
1$0
LINDA GILLIGANBOARD OF GOVERNORS
Trustee or director
1$0
GORDON BRAUNBOARD OF GOVERNORS
Trustee or director
1$0
KOJO BAAFIBOARD OF GOVERNORS
Trustee or director
1$0
DEANN ARDEN-BAHNBOARD OF GOVERNORS
Trustee or director
1$0
MALLORY THOMASBOARD OF GOVERNORS
Trustee or director
1$0
MICHAEL WELLSBOARD OF GOVERNORS
Trustee or director
1$0
LEANNE ELIASONBOARD OF GOVERNORS
Trustee or director
1$0
SEAN LINDSTROMBOARD OF GOVERNORS
Trustee or director
1$0
MATT ALBERTBOARD OF GOVERNORS
Trustee or director
1$0
TYLER GRAFFUNDERBOARD OF GOVERNORS
Trustee or director
1$0
DAVID HAYESBOARD OF GOVERNORS
Trustee or director
1$0
BRENDA DREHMELBOARD OF GOVERNORS
Trustee or director
1$0
990 for the year ended May 31, 2024: 37 people
NameTitleHours / weekCompensation
CARAH BLYTHEBOARD OF GOVERNORS
Trustee or director
1$0
DAVID HAYESBOARD OF GOVERNORS
Trustee or director
1$0
TYLER GRAFFUNDERBOARD OF GOVERNORS (PAST PRESIDENT)
Trustee or director
1$0
MATT ALBERTBOARD OF GOVERNORS
Trustee or director
1$0
JEREMIAH CHAMPBOARD OF GOVERNORS (PAST PRESIDENT)
Trustee or director
1$0
LEANNE ELIASONBOARD OF GOVERNORS
Trustee or director
1$0
MICHAEL WELLSBOARD OF GOVERNORS
Trustee or director
1$0
MALLORY THOMASBOARD OF GOVERNORS
Trustee or director
1$0
DEANN ARDEN-BAHNBOARD OF GOVERNORS
Trustee or director
1$0
KOJO BAAFIBOARD OF GOVERNORS
Trustee or director
1$0
GORDON BRAUNBOARD OF GOVERNORS
Trustee or director
1$0
SERGIO CARRILLOBOARD OF GOVERNORS
Trustee or director
1$0
LINDA GILLIGANBOARD OF GOVERNORS
Trustee or director
1$0
ROBERT GOODALLBOARD OF GOVERNORS
Trustee or director
1$0
SARAH MCCARTTYBOARD OF GOVERNORS
Trustee or director
1$0
ERIC OVERMANBOARD OF GOVERNORS
Trustee or director
1$0
KRISTYN BELLPRESIDENT
Officer
5$0
JILL HELMSTREASURER
Officer
5$0
GARRETT SCHMIDTASSITANT TREASURER
Officer
5$0
MARISTELA RODRIGUES MOROROASSITANT TREASURER
Officer
5$0
JOSH HULTGRENVP CAE RELATIONS
Officer
5$0
DANIEL SANCHEZVP CAE RELATIONS
Officer
5$0
DAVID LUBINVP CAE RELATIONS
Officer
5$0
TRISTA BRAUNVP MEMBER RELATIONS
Officer
5$0
BRENDA DREHMELVP MEMBER RELATIONS
Officer
5$0
PAUL RISTVEDTVP MEMBER RELATIONS
Officer
5$0
JARRET PETERSONVP YOUNG PROFESSIONAL GROU
Officer
5$0
JONATHAN CARACCIVP YOUNG PROFESSIONAL GROU
Officer
5$0
TIM SCHMIDTVP COMMUNICATIONS
Officer
5$0
TERI DULLNIGVP ACADEMIC RELATIONS
Officer
5$0
JOE JOSEPHVP ACADEMIC RELATIONS
Officer
5$0
KATIE KLEINVP EVENTS AND CONFERENCES
Officer
5$0
TANYA BERTRANDEXECUTIVE DIRECTOR
Officer
20$0
ASHLEY RYANDISTRICT REPRESENTATIVE
Officer
5$0
JOE STRANDEVP PROGRAMS
Officer
5$0
CHRISSY SCHUMANNVP MEMBERSHIP AND CERTIFIC
Officer
5$0
JENNA NIEDZVICE PRESIDENT
Officer
5$0

Address and contacts

Address (IRS master file)
10825 ALBERTON WAY, INVER GROVE, MN 55077-5457
In care of
% SARA BROWN
Principal officer (990 for 2024)
GARRETT SCHMIDT, 10825 ALBERTON WAY, INVER GROVE HEIGHTS, MN 55077
Signed the 990
GARRETT SCHMIDT, TREASURER
Phone
(612) 210-1736
Return prepared by
SMITH SCHAFER & ASSOCIATES LTD

Mission

TO CULTIVATE, PROMOTE, AND DISSEMINATE INFORMATION CONCERNING INTERNAL AUDITING AND RELATED SUBJECTS. TO ESTABLISH AND MAINTAIN HIGH STANDARDS OF INTEGRITY, HONOR, AND CHARACTER AMONG INTERNAL AUDITORS. TO FURNISH INFORMATION REGARDING INTERNAL AUDITING AND THE PRACTICE AND METHODS THEREOF TO ITS MEMBERS, TO OTHER PERSONS INTERESTED AND TO THE GENERAL PUBLIC.

990 for the year ended May 31, 2025

Program accomplishments

  • CONDUCTED APPROXIMATELY 17 HALF DAY OR FULL DAY LIVE AND VIRTUAL SEMINARS TO ALLOW MEMBERS TO MEET THEIR CONTINUING EDUCATION REQUIREMENTS AND EXPAND THEIR PROFESSIONAL NETWORK BY LEARNING AND SHARING KNOWLEDGE.
  • PROVIDED SPONSORSHIP AND SCHOLARSHIPS TO ACCOUNTING AND FINANCE DEPARTMENTS AND STUDENTS WITH LOCAL COLLEGES AND UNIVERSITIES.
  • CONDUCTED APPROXIMATELY 12 1/2 HOURS LIVE ROUNDTABLE EVENTS TO ALLOW MEMBERS TO MEET THEIR CONTINUING EDUCATION REQUIREMENTS AND EXPAND THEIR PROFESSIONAL NETWORK BY LEARNING AND SHARING KNOWLEDGE.

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
41-6173532
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)
$241,568
Income (IRS master file)
$100,282

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$100,282$136,490$241,568IRS
990May 2024$144,406$156,658$271,979XML
990May 2023$143,376$163,207$267,569IRS
990May 2022–––IRS
990May 2021–––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 41-6173532).

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 41-6173532.
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 GARRETT SCHMIDT.
Who are the officers and directors of INSTITUTE OF INTERNAL AUDITORS?
The 990 for the year ended May 31, 2025 lists 32 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 $100,282, expenses of $136,490 and total assets of $241,568 at year end.

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