BETA

INTERNATIONAL FOUNDATION FOR ETHICS AND AUDIT: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
INTERNATIONAL FOUNDATION FOR ETHICS AND AUDIT (EIN 92-0748086)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-11
IRS object ID
202413169349102411
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-11T15:00:53-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN872525370PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CITRIN COOPERMAN ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1180 PARK AVENUE SUITE 200AddressLine1Txt
CityFLORHAM PARKCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07932ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN920748086EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL FOUNDATION FOR ETHICSBusinessNameLine1Txt
Business Name Line2AND AUDITBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINTEBusinessNameControlTxt
Phone2122869344PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1529 FIFTH AVEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES GUNNPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2122869344PhoneNum
Signature2024-11-08SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAULA VUKSICPreparerPersonNm
PTINP00360739PTIN
Phone9732180500PhoneNum
Preparation2024-11-08PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$9,599,287FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$18,287,992ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$6,558InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,558InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6,558InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$0NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$18,294,550TotalRevAndExpnssAmt
Total Net Invst Incm$6,558TotalNetInvstIncmAmt
Total Adj Net Incm$6,558TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$3,324,038CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Adj Net Incm$0CompOfcrDirTrstAdjNetIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$3,064,678CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$3,686,757OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$0OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Adj Net Incm$0OthEmplSlrsWgsAdjNetIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$3,263,678OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$2,064,132PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$0PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Adj Net Incm$0PensionEmplBnftAdjNetIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$2,163,204PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$51,015LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$67,275AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$314,108OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$0OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$0OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$252,762OtherProfFeesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$2,154,601TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Adj Net Incm$0TravConfMeetingAdjNetIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$1,839,084TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$3,801,807OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$0OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$3,285,413OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$15,463,733TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$13,868,819TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$15,463,733TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$13,868,819TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,830,817ExcessRevenueOverExpensesAmt
Net Investment Income$6,558NetInvestmentIncomeAmt
Adjusted Net Income$6,558AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,643,493CashBOYAmt
Cash EOY$3,870,665CashEOYAmt
Cash EOYFMV$3,870,665CashEOYFMVAmt
Sav And Temp Cash Invst EOY$473,558SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$473,558SavAndTempCashInvstEOYFMVAmt
Grants Receivable EOY$4,725,000GrantsReceivableEOYAmt
Grants Receivable EOYFMV$4,725,000GrantsReceivableEOYFMVAmt
Prepaid Expenses BOY$51,731PrepaidExpensesBOYAmt
Prepaid Expenses EOY$73,979PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$73,979PrepaidExpensesEOYFMVAmt
Other Assets BOY$141,791OtherAssetsBOYAmt
Other Assets EOY$456,085OtherAssetsEOYAmt
Other Assets EOYFMV$456,085OtherAssetsEOYFMVAmt
Total Assets BOY$4,837,015TotalAssetsBOYAmt
Total Assets EOY$9,599,287TotalAssetsEOYAmt
Total Assets EOYFMV$9,599,287TotalAssetsEOYFMVAmt
Accounts Payable BOY$8,014AccountsPayableBOYAmt
Accounts Payable EOY$1,004,659AccountsPayableEOYAmt
Deferred Revenue BOY$4,725,000DeferredRevenueBOYAmt
Other Liabilities BOY$248,272OtherLiabilitiesBOYAmt
Other Liabilities EOY$5,908,082OtherLiabilitiesEOYAmt
Total Liabilities BOY$4,981,286TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,912,741TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY-$144,271NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,686,546NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY-$144,271TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,686,546TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,837,015TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$9,599,287TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY-$144,271TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,830,817ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$2,686,546SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,686,546TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$91InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$91SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$91TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$91TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (1)PrivateOperatingFoundationInd
New Substantial ContributorsYes (1)NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressHTTPS://WWW.ETHICSANDAUDIT.ORG/WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1BRETT JAMESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122869532PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1529 FIFTH AVEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (17 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ROBERT BUCHANAN
529 FIFTH AVENEW YORKNY10017CHAIR0.50$1,275$0$0
LINDA DE BEER
529 FIFTH AVENEW YORKNY10017TRUSTEE0.50$0$0$0
GONZALO RAMOS
529 FIFTH AVENEW YORKNY10017TRUSTEE TILL 7/170.50$0$0$0
MICHAEL HAFEMAN
529 FIFTH AVENEW YORKNY10017TRUSTEE TILL 7/170.50$850$0$0
ALAN JOHNSON
529 FIFTH AVENEW YORKNY10017TRUSTEE TILL 3/230.50$0$0$0
KEVIN DANCEY
529 FIFTH AVENEW YORKNY10017TRUSTEE0.50$0$0$0
ASMAA RESMOUKI
529 FIFTH AVENEW YORKNY10017TRUSTEE0.50$0$0$0
SANDRA PETERS
529 FIFTH AVENEW YORKNY10017TRUSTEE0.50$0$0$0
DAVE SULLIVAN
529 FIFTH AVENEW YORKNY10017TRUSTEE0.50$0$0$0
TOM SEIDENSTEIN
529 FIFTH AVENEW YORKNY10017CO-CEO35.00$698,700$27,668$0
GABRIELA FIGUEIREDO DIAS
529 FIFTH AVENEW YORKNY10017CO-CEO35.00$561,602$70,336$0
JAMES GUNN
529 FIFTH AVENEW YORKNY10017SECRETARY/TREASURER35.00$572,475$42,700$0
KEEAN SIONG SIN
529 FIFTH AVENEW YORKNY10017PROGRAM AND SENIOR DIRECTOR35.00$406,000$27,675$0
WILLEM BOTHA
529 FIFTH AVENEW YORKNY10017PROGRAM AND TECHNICAL DIRECTOR35.00$363,000$26,455$0
BRETT JAMES
529 FIFTH AVENEW YORKNY10017CHIEF OF OPERATIONS35.00$303,250$23,895$0
KALINA SHUKAROVA SAVOVSKA
529 FIFTH AVENEW YORKNY10017PRINCIPAL35.00$230,250$20,475$0
JANE HANKENSON TALATALA
529 FIFTH AVENEW YORKNY10017PRINCIPAL35.00$186,636$18,180$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
INTERNATIONAL FEDERATION OF ACCOUNTANTS
529 FIFTH AVENUENEW YORKNY10017SERVICE LEVEL AGREEMENT$3,587,992
VELOCITY GLOBAL LLC
3858 WALNUT STREET SUITE 107DENVERCO80205PROFESSIONAL EMPLOYMENT ORGANIZATION$1,142,945
DAN MONTGOMERY
9859 MAR LARGO CIRCLEFORT MYERSFL33919CONSULTING - PROGRAM ACTIVITIES$180,295
FieldValueIRS element (for citing)
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1IFEA RECOGNIZES AND SUPPORTS THE DEFENSE OF THE PUBLIC INTEREST THROUGHOUT THE ENTIRE STANDARD SETTING PROCESS IN AUDIT AND ETHICS RELATED FIELDS; AND THROUGH ITS STANDARD-SETTING BOARDS, CONDUCTS RESEARCH TO SUPPORT THE DEVELOPMENT, ADOPTION AND IMPLEMENTATION OF INTERNATIONAL STANDARDS IN THE FIELD OF AUDIT, ASSURANCE, AND ETHICS, AND EDUCATES AND INFORMS STAKEHOLDERS AND INTERESTED PARTIES REGARDING THE SAME.Description1Txt
Expenses1$13,868,819Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,412,892AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,412,892TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$5,412,892AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$81,193CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,331,699NetVlNoncharitableAssetsAmt
Minimum Investment Return$266,585MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$13,868,819ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$13,868,819QualifyingDistributionsAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Private Operating Fndtn Ruling2022-10-17PrivateOperatingFndtnRulingDt
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$6,558CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$6,558TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$5,574CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$5,574TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$13,868,819CurrentYearAmt
Year1$144,271Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$14,013,090TotalAmt

Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year1$0Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$0TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$13,868,819CurrentYearAmt
Year1$144,271Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$14,013,090TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$177,723CurrentYearAmt
Year1$161,234Year1Amt
Year2$0Year2Amt
Year3$0Year3Amt
Total$338,957TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Total$0TotalAmt

Largest Support From EO LargestSupportFromEOGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,558ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$6,558ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,558TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services EtcYes (1)PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd

Transfer Schedule Detail TransferScheduleDetail

FieldValueIRS element (for citing)
Line Number1b(6)LineNumberTxt
Involved$3,587,992InvolvedAmt

Noncharitable Exempt Org Name NoncharitableExemptOrgName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL FEDERATION OF ACCOUNTANTSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transfers Trans And Shr ArrngmINFRASTRUCTURE SUPPORT IN THE FORM OF HUMAN CAPITAL, OPERATIONS AND OCCUPANCY, COMMUNICATIONS, INTELLECTUAL PROPERTY AND FINANCE SERVICES.TransfersTransAndShrArrngmDesc
FieldValueIRS element (for citing)
Relationships Nonchrtbl EOYes (1)RelationshipsNonchrtblEOInd

Relationship Schedule Detail RelationshipScheduleDetail

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL FEDERATION OF ACCOUNTANTSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Organization Type501(C)(6)OrganizationTypeDesc
Relationship DescriptionIN DECEMBER 2022, IFEA AND IFAC SIGNED A SERVICE LEVEL AGREEMENT (SLA) FOR IFAC TO PROVIDE INFRASTRUCTURE SUPPORT IN THE FORM OF HUMAN CAPITAL, OPERATIONS AND OCCUPANCY, COMMUNICATIONS, INTELLECTUAL PROPERTY AND FINANCE SERVICES. THE AGREEMENT COVERS THE PERIOD FROM 2023 TO 2028 AND IS AUTOMATICALLY RENEWED ON AN ANNUAL BASIS UNLESS TERMINATED. THE COSTS OF SERVICES PROVIDED UNDER THE CONTRACT ARE REIMBURSED TO IFAC FROM IFEA ON AN ACTUAL COST BASIS. THE SLA EXPENSES FOR 2023 TOTALED $3,587,992.RelationshipDescriptionTxt

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL FEDERATION OF ACCOUNTANTSBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1529 5TH AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Total Contributions$18,287,992TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryRETURN PREPARATION AND TAX COMPLIANCECategoryTxt
Amt$67,275Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990-PF, PART VII, LINE 1FormAndLineReferenceDesc
Medium ExplanationIFEA'S 2023 FINANCIAL STATEMENTS INCLUDES DISCLOSURE OF THE COMPENSATION OF THE KEY MANAGEMENT PERSONNEL. KEY MANAGEMENT PERSONNEL COMPRISE THE SSB CHAIRS, WHO ALSO SERVE AS CO-CHIEF EXECUTIVE OFFICERS OF IFEA ("SSB CHAIRS-CO-CEOS"), THE MANAGING DIRECTOR OF IFEA, WHO ALSO SERVES AS SECRETARY AND TREASURER OF IFEA, AND OTHER EXECUTIVES OCCUPYING KEY POSITIONS IN FULFILLING THE STANDARDS-SETTING MANDATE OF IFEA. UNDER IFEA'S BYLAWS, THE SSB CHAIRS-CO-CEOS REPORT PRIMARILY TO THE PIOB IN RESPECT OF THE EXECUTION OF THEIR SSB STRATEGIES AND WORK PLANS, AND THE USE OF RESOURCES IN EXECUTING THOSE PLANS. THE SSB CHAIRS-CO-CEOS REPORT TO BOTH THE PIOB AND THE IFEA TRUSTEES ON THEIR OVERALL MANAGEMENT AND OPERATION OF IFEA. THE PIOB IS RESPONSIBLE FOR RECOMMENDING THE COMPENSATION OF THE SSB CHAIRS-CO-CEOS TO THE IFEA TRUSTEES FOR APPROVAL. THE SSB CHAIRS-CO-CEOS COMPENSATION HAS BEEN DETERMINED BASED ON THEIR DUAL ROLES, RELEVANT FACTORS OF EACH BOARD, AND THE FULL-COST OF EMPLOYMENT IN THEIR COUNTRY OF RESIDENCE. THE FULL COST OF EMPLOYMENT TO IFEA IS USED AS THE SSB CHAIRS-CO-CEOS ARE BASED IN DIFFERENT COUNTRIES THAT HAVE DIFFERING REGIMES FOR EMPLOYMENT RELATIONSHIPS AND BENEFITS, SUCH AS MEDICAL AND PENSION ARRANGEMENTS AND LOCAL EMPLOYMENT TAXES NORMALLY BORNE BY THE EMPLOYER. THE PIOB AND IFEA TRUSTEES REVIEW THESE COMPENSATION ARRANGEMENTS ANNUALLY AND UPON RE-APPOINTMENT OF THE SSB CHAIRS-CO-CEOS.THE SSB CHAIRS-CO-CEOS DETERMINE THE COMPENSATION OF ALL OTHER KEY MANAGEMENT PERSONNEL.IFEA USES A TOTAL COST OF EMPLOYMENT APPROACH IN SETTING COMPENSATION, WHICH WERE AS FOLLOWS FOR THE SSB CHAIRS-CO-CEOS AND OTHER KEY MANAGEMENT PERSONNEL:TOM SEIDENSTEIN^: $801,691, GABRIELA FIGUEIREDO DIAS*: $732,974, JAMES GUNN^: $692,167, KEEN SIONG SIN^: $508,164, WILLEM BOTHA^: $462,522, BRETT JAMES^: $398,948.* ACCORDING TO PORTUGUESE LAW, IFEA IS LEGALLY REQUIRED TO PAY 23.75% IN ADDITION TO SALARY FOR PUBLIC SOCIAL SECURITY CONTRIBUTIONS FOR MS. DIAS, COVERING MANDATORY PUBLIC HEALTH AND PENSION SYSTEMS. ^ ACCORDING TO US FEDERAL AND STATE LAWS, IFEA IS REQUIRED TO PAY VARIOUS SOCIAL SECURITY AND EMPLOYMENT RELATED TAXES FOR US-BASED PERSONNEL. IFEA ALSO MAKES PAYMENTS FOR HEALTH INSURANCE.MediumExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryGENERAL GOVERNANCE AND COUNSELCategoryTxt
Legal Fees$51,015LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmtBOY Book ValueBOYBookValueAmt
DUE FROM IFAC$344,068$344,068
ADVANCES AND DEPOSITS$112,017$112,017$141,791

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OFFICE EXPENSE$42,209$0$0$0
SERVICE LEVEL AGREEMENT COSTS$3,587,992$0$0$3,268,937
FOREIGN EXCHANGE LOSS$16,476$0$0$16,476
OTHER COST$155,130$0$0$0

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescPAYABLE TO THE INTERNATIONAL FEDERATION OF ACCOUNTANTS (IFAC)Desc
BOY Book Value$248,272BOYBookValueAmt
EOY Book Value$5,908,082EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PROJECT CONSULTING$252,762$0$0$252,762
OTHER PROFESSIONAL FEES$61,346$0$0$0

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INTERNATIONAL FEDERATION OF ACCOUNTANTSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1529 FIFTH AVEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd

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