It Governance Institute

Nonprofit profile at a glance

EIN
953080691
IRS 990 coverage
2012–2021
Forms available
Form 990 2021
Location
Schaumburg, IL, USA
Phone
8472531545
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$0
Expenses
$570
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Effective 4/30/2022 the organization filed articles of dissolution with the state of California. The it governance institute (itgi) shares with its affiliated membership association, information systems audit and control association, inc. (isaca) (related organization), a mission of serving professionals and organizations by being the leading global provider of knowledge, certifications, community, advocacy and education on information systems assurance and security, governance of enterprise information technology (it), and it-related risk and compliance. Itgi's role focuses on knowledge of it governance and related topics. Itgi supports international understanding of good practices to direct and control an enterprise's it. Through its support of isaca's collaborative development model, itgi helps enable global perspective on critical issues facing enterprise leaders and practitioners in their it governance responsibilities.

What it reported doing in 2021

In 2020 the isaca and itgi board initiated the process to dissolve the institute. This process of dissolution concluded in april 2022. As a result, the organization's program service activities are no longer active. The following describes the organization's program services prior to this organizational change. It governance institute (itgi) and information systems audit and control association, inc. (isaca) (related organization) serve it professionals and organizations worldwide through knowledge, certifications, community, advocacy and education in the professional specialties of their members and engaged professionals. Itgi supports isaca's work to increase understanding of the relationships among different types of enterprise governance and global practices for implementing effective enterprise governance of information technology (it). Itgi focuses primarily on frameworks and supporting documents to help enterprises achieve the five focus areas of it governance: strategic alignment, performance measurement, resource management, value delivery and risk management

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 60
  • Accountability: 42
  • Sustainability: 1
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 40%; rating input score 40; 20th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 10,521.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 21.2% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -21.1% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -9.1% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 2 of 5 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $778K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2012 to 2021
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Independent voting board scored 40/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.