Nonprofit · EIN 23-7408092
INSTITUE OF INTERNAL AUDITORS
Also known as CHICAGO CHAPTER
Tax-exempt · CHICAGO, IL 60690
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $394,472 | $426,312 | -$31,840 | $1,126,345 | $41,899 | $1,084,446 |
| May 31, 2024 | 990 | $470,500 | $515,773 | -$45,273 | $1,169,470 | $53,184 | $1,116,286 |
| May 31, 2023 | 990 | $674,128 | $491,568 | $182,560 | $1,205,787 | $44,228 | $1,161,559 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $321,088
- Investment income
- $36,215
- Other revenue
- $37,169
Expenses
- Grants and similar amounts paid
- $35,242
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,710
- Occupancy
- $2,472
- Travel
- $13,400
- Program services (functional)
- $380,177
- Management and general (functional)
- $46,135
Balance sheet and other
- Total assets, start of year
- $1,169,470
- Total assets, end of year
- $1,126,345
- Total liabilities, end of year
- $41,899
- Net assets, end of year
- $1,084,446
- Gross receipts
- $394,472
- Employees
- 0
- Volunteers
- 100
- Year formed
- 1980
- State of legal domicile
- IL
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PUJA SHAH | Director Trustee or director, Officer | 0 | $0 |
| ERIC SIMAGA | President Trustee or director, Officer | 0 | $0 |
| KRISTEN KELLY | SVP Trustee or director, Officer | 0 | $0 |
| SABRINA SEMINETTA | VP OPERATIONS Trustee or director, Officer | 0 | $0 |
| NATALIE COVELLO | Treasurer Trustee or director, Officer | 0 | $0 |
| TIFFANY MCCOY | Secretary Trustee or director, Officer | 0 | $0 |
| KENNETH CLOW | Director Trustee or director | 0 | $0 |
| ALLISON CANCIO | Director Trustee or director | 0 | $0 |
| MIKE MANROT | Director Trustee or director | 0 | $0 |
| DAN MEYO | VP OF EDUCATION Trustee or director | 0 | $0 |
| KYLE O'ROURKE | Director Trustee or director | 0 | $0 |
| GLORIA MARTINEZ | Director Trustee or director | 0 | $0 |
| MAYRA GALVAN | Director Trustee or director | 0 | $0 |
| ERIC WUNDERLICH | Director Trustee or director | 0 | $0 |
| JASON TORRES | Director Trustee or director | 0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CORBIN DEL CARLO | Director Trustee or director | 0 | $0 |
| TOM CAPUTO | Director Trustee or director | 0 | $0 |
| ALLIE ARKHIPENKO | Director Trustee or director | 0 | $0 |
| ED GOZDECKI | Director Trustee or director | 0 | $0 |
990 for the year ended May 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PUJA SHAH | President Trustee or director, Officer | 0 | $0 |
| ERIC SIMAGA | SVP Trustee or director, Officer | 0 | $0 |
| KRISTEN KELLY | VP OF EDUCATION Trustee or director, Officer | 0 | $0 |
| SABRINA SEMINETTA | VP OPERATIONS Trustee or director, Officer | 0 | $0 |
| NATALIE COVELLO | Treasurer Trustee or director, Officer | 0 | $0 |
| TIFFANY MCCOY | Secretary Trustee or director, Officer | 0 | $0 |
| KENNETH CLOW | Director Trustee or director | 0 | $0 |
| ALLISON CANCIO | Director Trustee or director | 0 | $0 |
| MIKE MANROT | Director Trustee or director | 0 | $0 |
| YULIA GURMAN | Director Trustee or director | 0 | $0 |
| KYLE O'ROURKE | Director Trustee or director | 0 | $0 |
| EILEEN ILES | Director Trustee or director | 0 | $0 |
| NATE RUEY | Director Trustee or director | 0 | $0 |
| ERIC WUNDERLICH | Director Trustee or director | 0 | $0 |
| JASON TORRES | Director Trustee or director | 0 | $0 |
| CORBIN DEL CARLO | Director Trustee or director | 0 | $0 |
| CHRIS DENVER | Director Trustee or director | 0 | $0 |
| ALEVTINA ARKHIPENKO | Director Trustee or director | 0 | $0 |
| ED GOZDECKI | Director Trustee or director | 0 | $0 |
990 for the year ended May 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nick Saracco | President Trustee or director, Officer | 0 | $0 |
| Puja Shah | SVP Trustee or director, Officer | 0 | $0 |
| Jill Sterling | VP, Education Trustee or director, Officer | 0 | $0 |
| Sabrina Seminetta | VP Operations Trustee or director, Officer | 0 | $0 |
| Natalie Covello | Treasurer Trustee or director, Officer | 0 | $0 |
| Pierre Galicia | Secretary Trustee or director, Officer | 0 | $0 |
| Chris Denver | Director Trustee or director | 0 | $0 |
| Yulia Gurman | Director Trustee or director | 0 | $0 |
| Eric Wunderlich | Director Trustee or director | 0 | $0 |
| Eileen Iles | Director Trustee or director | 0 | $0 |
| Jason Torres | Director Trustee or director | 0 | $0 |
| Tonya Baez | Director Trustee or director | 0 | $0 |
| Allison Cancio | Director Trustee or director | 0 | $0 |
| Corbin Del Carlo | Director Trustee or director | 0 | $0 |
| Nate Ruey | Director Trustee or director | 0 | $0 |
| Ken Clow | Director Trustee or director | 0 | $0 |
| Melissa Donner | Director Trustee or director | 0 | $0 |
| Mike Manrot | Director Trustee or director | 0 | $0 |
| Kyle O'Rouke | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2546, CHICAGO, IL 60690-2546
- In care of
- % STEVEN RANDALL
- Signed the 990
- ERIC SIMAGA, PRES 24 TREASURER 25
- Phone
- (773) 616-3455
- Return prepared by
- Costabile & Steffens PC
Mission
THE IIA - CHICAGO CHAPTER IS A PROFESSIONAL ORGANIZATION DEDICATED TO SERVING ITS MEMBERS THROUGH ACTIVITIES SUCH AS PROFESSIONAL TRAINING EDUCATION, INTERNAL AUDIT THOUGHT LEADERSHIP, AND THE ADVANCEMENT OF THE INTERNAL AUDIT PROFESSION.
Program accomplishments
- ANNUALLY, THE IIA CHICAGO CHAPTER HOSTS ITS ANNUAL SEMINAR WHICH IS A FULL DAY OF PROFESSIONAL EDUCATION COURSES IN THE INTERNAL AUDIT FIELD. MEMBERS AND NON-MEMBERS ARE REQUIRED TO PAY A SET REGISTRATION FEE FOR THESE COURSES, FOR WHICH PARTICIPANTS RECEIVE CONTINUING PROFESSIONAL EDUCATION (CPE) CREDITS, WHICH ARE A REQUIREMENT OF MANY COMPANIES AND CERTIFICATION ORGANIZATIONS, SUCH AS THE AICPA, THE IIA AND ISACA.Expenses $227,439 · revenue $274,568
- THROUGHOUT THE YEAR, THE IIA CHICAGO HOSTS A NUMBER OF EDUCATIONAL SESSIONS AND NETWORKING EVENTS FOR ITS MEMBERS. THE GOAL OF THESE SEMINARS AND EVENTS IS TO PROMOTE OUR PROFESSIONL AND ALSO GIVE TRAINING AND SUPPLEMENTAL EDUCATION TO OUR MEMBERS IN THE FORM OF CPE CREDITS.Expenses $30,597 · revenue $29,844
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 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 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7408092
- 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
- Group exemption
- 8620: INSTITUTE OF INTERNAL AUDITORS
- Assets (IRS master file)
- $1,126,345
- Income (IRS master file)
- $394,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $394,472 | $426,312 | $1,126,345 | IRS |
| 990 | May 2024 | $470,500 | $515,773 | $1,169,470 | XML |
| 990 | May 2023 | $674,128 | $491,568 | $1,205,787 | XML |
| 990 | May 2022 | $329,391 | $324,884 | $1,073,953 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | 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 23-7408092).
Questions about INSTITUE OF INTERNAL AUDITORS
- What is the EIN of INSTITUE OF INTERNAL AUDITORS?
- The employer identification number (EIN) of INSTITUE OF INTERNAL AUDITORS is 23-7408092.
- Is INSTITUE OF INTERNAL AUDITORS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1992.
- Are donations to INSTITUE OF INTERNAL AUDITORS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INSTITUE 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 INSTITUE 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 INSTITUE 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 are the officers and directors of INSTITUE OF INTERNAL AUDITORS?
- The 990 for the year ended May 31, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does INSTITUE OF INTERNAL AUDITORS have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $394,472, expenses of $426,312 and total assets of $1,126,345 at year end.
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