REPORTS

The Institute of Internal Auditors, Inc. and Affiliates

Consolidating Statement of Activities

For the Year Ended December 31, 2015 (With Summarized Comparative Consolidated Totals for the Year Ended December 31, 2014)

2015 2014
The Institute of Internal Auditors, Inc. Institute of Internal Auditors - Research Foundation, Inc. Internal Auditing Academic Advancement Fund, Inc. IIA Quality Services, LLC Eliminations Consolidated Total Consolidated Total
Change in Unrestricted NET Assets From Operations
Revenues
Relationship management $14,370,782 $(12,710) $14,358,072 $13,258,589
Certification 13,280,881 13,280,881 10,573,637
Seminars 9,700,699 9,700,699 9,276,130
Conferences 7,777,709 7,777,709 5,615,277
Publishing 1,428,371 2,104,871 (111,362) 3,421,880 3,719,002
Dividend and interest income 1,556,237 126,311 1,682,548 1,407,026
North American services 1,507,406 1,507,406 1,447,417
Quality assessment 1,497,890 1,497,890 1,492,248
Technology based learning 1,263,819 1,263,819 838,581
Other program revenue 1,063,869 (25,680) 1,038,189 1,148,441
Contributions 263,750 97,572 361,322 344,665
Grant from affiliates 563,076 155,346 (718,422)
Total revenues $51,949,773 $3,058,008 $252,918 $1,497,890 $(868,174) $55,890,415 $49,121,013
Net assets released from use restrictions 297,320 18,999 316,319 340,397
Total revenues and net assets released from use restrictions $51,949,773 $3,355,328 $271,917 $1,497,890 $(868,174) $56,206,734 $49,461,410
Expenses
Certification $10,010,113 $10,010,113 $7,623,188
Seminars 8,832,296 8,832,296 8,323,890
Relationship management 8,786,604 8,786,604 8,536,216
Other 5,923,168 1,208,738 260,862 (79,279) 7,313,489 7,031,558
Conferences 6,718,608 6,718,608 3,569,160
Professional practices 2,803,126 2,803,126 2,539,406
North American services 1,811,238 1,811,238 1,732,408
Educational products 1,778,680 (2,262) 1,776,418 2,104,550
Quality assessment 1,515,190 (40,798) 1,474,392 1,456,230
Technology based learning 1,129,233 1,129,233 657,906
Publishing 903,923 (102,413) 801,510 675,931
Research projects 185,525 10,381 195,906 252,990
Grants 106,190 106,190 114,952
Academic programs 12,796 12,796 37,564
Grants to affiliates 656,964 61,458 (718,422)
Total expenses $47,575,273 $3,247,197 $377,433 $1,515,190 $(943,174) $51,771,919 $44,655,949
Change in unrestricted net assets from operations $4,374,500 $108,131 $(105,516) $(17,300) $75,000 $4,434,815 $4,805,461
Change in Temporarily Restricted Net Assets from Operations
Contributions $235,555 $25,300 $(75,000) $185,855 $192,541
Dividend and interest income 14,540 14,540 11,186
Net assets released from use restrictions (297,320) (18,999) (316,319) 340,397
Change in temporarily restricted net assets from operations (47,225) 6,301 (75,000) (115,924) (136,670)
Non-Operating Activities $(1,318,733) $(120,036) $(1,438,769) $319,059
Change in Net Assets $3,055,767 $(59,130) $(99,215) $(17,300) $2,880,122 $4,987,850
Net Assets - Beginning of year $36,235,206 $3,641,515 $974,354 $9,782 $40,860,857 $35,873,007
Net Assets-End of year $39,290,973 $3,582,385 $875,139 $(7,518) $43,740,979 $40,860,857