Nonprofit · EIN 42-1120654
INSTITUTE OF INTERNAL AUDITORS
Also known as CENTRAL IOWA CHAPTER
Tax-exempt · DES MOINES, IA 50301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-EZ | $9,591 | $13,165 | -$3,574 | $79,685 | – | $79,685 |
| May 31, 2024 | 990-EZ | $22,622 | $19,797 | $2,825 | $83,259 | – | $83,259 |
Financial details: 990-EZ for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $3,203
- Program service revenue
- $3,950
- Investment income
- $2,438
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Printing, publications and postage
- $339
- Other expenses
- $12,826
- Program services (functional)
- $9,041
Balance sheet and other
- Total assets, start of year
- $83,259
- Total assets, end of year
- $79,685
- Total liabilities, end of year
- –
- Net assets, end of year
- $79,685
- Cash, savings and investments
- $79,685
- Gross receipts
- $9,591
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-EZ for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jami Olson-Knowles | Vice President | 5 | $0 |
| John Johnson | President | 5 | $0 |
| Marcus Johnson | Treasurer | 5 | $0 |
| Mark Freeman | Programming Officer | 5 | $0 |
| Diane Borcherding | Membership Officer | 1 | $0 |
| Ryan Willhite | Board Member | 1 | $0 |
| Casey Scales | Board Member | 1 | $0 |
| Tyler Bro | Certification Officer | 1 | $0 |
| Mitch Thompson | Board Member | 1 | $0 |
| Ashley Millard | Board Member | 1 | $0 |
| Jen Bruns | Board Member | 1 | $0 |
| Christian Cottingham | Board Member | 1 | $0 |
| Ericka Andersen | Secretary | 1 | $0 |
| Christian Owen | Board Member | 1 | $0 |
| Dana Desrochers | Board Member | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ciaran Bowe | Board Member | 1 | $0 |
| Alex Ollerton | Board Member | 1 | $0 |
990-EZ for the year ended May 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jami Olson-Knowles | Programming Officer | 1 | $0 |
| Alma Cocic | Membership Officer | 1 | $0 |
| Whitney Honnold | President | 5 | $0 |
| John Johnson | Certification Officer | 1 | $0 |
| Christian Cottingham | Treasurer | 5 | $0 |
| Kelley Ellis | Board Member | 1 | $0 |
| Aaron Primrose | Secretary | 1 | $0 |
| Traci Taylor | Board Member | 1 | $0 |
| Ryan Willhite | Board Member | 1 | $0 |
| Mitch Thompson | Board Member | 1 | $0 |
| Ashley MIllard | Board Member | 1 | $0 |
| Jen Bruns | Board Member | 1 | $0 |
| Christian Owen | Board Member | 1 | $0 |
| Ciaran Bowe | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 104, DES MOINES, IA 50301-0104
- In care of
- % ASHLEY RYAN
- Signed the 990-EZ
- Marcus Brice Johnson, Treasurer
Mission
Provide dynamic leadership for the global profession of internal auditing. Activities in support of this mission will include, but will not be limited to: -Advocating & promoting the value internal audit professionals add to their organizations. -Providing comprehensive professional educational & development opportunities, standards, & other professional practice guidance, and certification programs. -Researching, disseminating, & promoting knowledge concerning internal auditing and its appropriate role in control, risk management, governance to practitioners and stakeholders. -Educating practitioners and other relevant audiences on best practices in internal auditing. -Bringing together internal auditors from all countries to share information & experiences.
Program accomplishments
- Fall Seminar - 8 hours of CPE training offered to members. Around 60 members benefitted.Expenses $2,387
- Member Networking Events - opportunity to network with fellow IIA members and share insights and ideas with colleagues of best practices. Around 60 members benefitted.Expenses $1,557
- IIA Leadership Academy - 12+ hours of CPE training held by IIA HQ in Orlando FL as well as insights from other IIA chapters across the world. 3 members benefitted.Expenses $5,097
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-EZ on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 42-1120654
- 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-N (e-Postcard)
- Group exemption
- 8620: INSTITUTE OF INTERNAL AUDITORS
- Assets (IRS master file)
- $79,685
- Income (IRS master file)
- $9,591
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | May 2025 | $9,591 | $13,165 | $79,685 | XML |
| 990-EZ | May 2024 | $22,622 | $19,797 | $83,259 | XML |
| 990-EZ | May 2023 | – | – | – | IRS |
| 990-EZ | May 2022 | – | – | – | 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 42-1120654).
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 42-1120654.
- 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-N (e-Postcard). Gross receipts normally $50,000 or less.
- 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-EZ for the year ended May 2025.
- Who are the officers and directors of INSTITUTE OF INTERNAL AUDITORS?
- The 990-EZ for the year ended May 31, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does INSTITUTE OF INTERNAL AUDITORS have?
- On its 990-EZ for the year ended May 31, 2025 it reported revenue of $9,591, expenses of $13,165 and total assets of $79,685 at year end.
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