Information Technology Alliance INC FY2020 filing

Not tax-deductible

Raleigh, NC501(c)(6)EIN 13-6214713

Disseminating information to CPA firms and other professional organizations.

$248K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $26K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$248K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$883K
Spent
$754K
Net assets
$508K
By yearFY2020–FY2025
Revenue
$883K
FY2020
Revenue by fiscal year
FY2020$883K
FY2021$756K
FY2022$819K
FY2023$1.4M
FY2024$1.6M
FY2025$1.8M
Expenses
$754K
FY2020
Expenses by fiscal year
FY2020$754K
FY2021$580K
FY2022$1.0M
FY2023$1.4M
FY2024$1.5M
FY2025$1.8M
Net assets
$508K
FY2020
Net assets by fiscal year
FY2020$508K
FY2021$684K
FY2022$455K
FY2023$380K
FY2024$519K
FY2025$532K

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

8 people listed on the 990; $248K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Vice President, Secretary
$144,400Pt VII · Sec A
President
$104,000Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lissa Johnsen$162,000$157,200$157,200$148,200$144,400$144,400
Geni Whitehouse$150,000$61,260————
Shawn Slavin——$120,000$110,000$104,000$104,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Shares information with CPA firms and professional groups.

Provided by the organization

This section is blank until Information Technology Alliance INC claims this page.

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1 program service, described in the organization's own filed words · FY2019.
01

To exchange and disseminate information among the members about information processing and management.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$883K
Ln 12
Fees for servicesLn 2g$864K
Other incomeLn 4–11$19K
Investment incomeLn 3$267
Money outPt IX
$754K
Ln 25
Owns and owesPt X
$508K
net assets · Ln 32
Cash and savingsLn 1–2$408K
Total assetsLn 16$508K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$864K
Investment incomeLn 3$267
Other incomeLn 4–11$19K
Total revenueLn 12$883K
Assets in detailPt X, end of year
SavingsLn 2$408K
Cash and savings togetherLn 1–2$408K
InvestmentsLn 11–13$100K
Total assetsLn 16$508K
LiabilitiesLn 26$0
Net assetsLn 32$508K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6120
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$279K$408K
InvestmentsLn 11–13$100K$100K
Total assetsLn 16$379K$508K
LiabilitiesLn 26$0$0
Net assetsLn 32$379K$508K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$339K
Investment management feesLn 11f$2K
Office expensesLn 13$1K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$25K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$371K
All other expensesLn 24e$7K
Total functional expensesLn 25$754K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.8M$14K$532K 990 PDF
FY2024 $1.6M$1.5M$139K$519K 990 PDF
FY2023 $1.4M$1.4M−$75K$380K 990 PDF
FY2022 $819K$1.0M−$229K$455K 990 PDF
FY2021 $756K$580K$176K$684K 990 PDF
FY2020 Viewing $883K$754K$129K$508K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $883,439 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $864,353$864,353
VIII-3 Investment incomeExcluded from tax $267$267
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,819$18,819
VIII-12 Total revenueRelated to mission $883,172 · Unrelated business $0 · Excluded from tax $267$883,439
Part IX · Statement of functional expenses $754,450 across 8 lines filed
IX-11a Management fees$338,760
IX-11f Investment management fees$1,599
IX-13 Office expenses$1,195
IX-17 Travel$6,008
IX-19 Conferences, conventions and meetings$25,076
IX-23 Insurance$3,671
IX-24 Other expenses (24a–d)$370,985
IX-24e All other expenses$7,156
IX-25 Total functional expenses$754,450
Part X · Balance sheet $507,757 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $278,768$407,757
X-12 Other securitiesStart of year $100,000$100,000
X-16 Total assetsStart of year $378,768$507,757
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $378,768$507,757
X-32 Total net assets or fund balancesStart of year $378,768$507,757
X-33 Total liabilities and net assetsStart of year $378,768$507,757
Part XI · Reconciliation of net assets $507,757 net assets at year end
XI-1 Total revenue$883,439
XI-2 Total expenses$754,450
XI-3 Revenue less expenses$128,989
XI-4 Net assets at start of year$378,768
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$507,757

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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