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Organizational Effectiveness

Organizational Effectiveness

ISPA is committed to transparency and clarity. We believe that as custodians of our members’ fees and recipient of contributions from the broader public, we have a responsibility to the proper stewardship of these funds.


Financial Controls

A few highlights of the internal control systems include:
- Monthly financial reports are prepared by staff and reviewed by the Finance Committee
- ISPA reviews financial reports annually with the Audit Committee
- Operation and financial records are audited on an annual basis in accordance with auditing standards generally accepted in the United States of America. For the past seven years, the audit has been conducted by Lutz & Carr

Financial Highlights

All financial highlights are shown in U.S. dollars (USD). Figures as at December 31, 2018

Assets

Total Assets 1,572,480 USD

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Liabilities & Net Assets

Total Liabilities 737,139 USD; Net Assets 835,341 USD

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Total Revenues

Total Revenues 1,404,398 USD

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Total Expenses

Total Expenses 1,367,681 USD; Net Surplus 36,717 USD

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3-Year Trend: Total Assets & Liabilities

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3-Year Trend: Total Revenues & Expenses/ 

Additional financial information is available by contacting David Baile at dbaile[at]ispa[dot]org, Chief Executive Officer; you may request copies of the 2018 Financial Statements or the 2018 990 return.