| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 5 | DURING THE YEAR ENDED SEPTEMBER 30, 2025, THE ASSOCIATION WAS THE VICTIM OF A BUSINESS EMAIL COMPROMISE AND VENDOR IMPERSONATION SCHEME. AN EMPLOYEE CLICKED A PHISHING EMAIL LINK, WHICH ALLOWED A FRAUDSTER TO GAIN UNAUTHORIZED ACCESS TO THE ASSOCIATION'S GENERAL ACCOUNTING EMAIL ACCOUNT. USING THAT ACCESS, THE FRAUDSTER IDENTIFIED KEY VENDORS AND USED FRAUDULENT EMAIL ADDRESSES, ALTERED PAYMENT INSTRUCTIONS, AND FICTITIOUS OR MANIPULATED INVOICES TO REDIRECT VENDOR PAYMENTS. THE SCHEME RESULTED IN TWO SIGNIFICANT FRAUDULENT DISBURSEMENTS: ONE PAYMENT OF $147,608.61 INTENDED FOR A VENDOR AND ANOTHER PAYMENT OF $115,346.70 INTENDED FOR A DIFFERENT VENDOR. AS OF SEPTEMBER 30, 2025, IAAP HAD RECOVERED $146,144.01 RELATED TO THE FIRST VENDOR INVOICE; THE REMAINING $1,464.60 WAS NOT RECOVERED. THE ASSOCIATION CONTINUES TO WORK WITH ITS FINANCIAL INSTITUTION TO RECOVER THE $115,346.70 RELATED TO THE SECOND VENDOR INVOICE. MANAGEMENT ENGAGED THE ASSOCIATION'S MANAGED INFORMATION TECHNOLOGY SERVICE PROVIDER TO INVESTIGATE THE INCIDENT AND ASSESS THE EXTENT OF THE FRAUDSTER'S ACCESS TO THE ASSOCIATION'S SYSTEMS AND EMAIL ENVIRONMENT. THE SERVICE PROVIDER IMMEDIATELY IMPLEMENTED CONTAINMENT MEASURES, INCLUDING RESETTING THE COMPROMISED ACCOUNT PASSWORD, BLOCKING ACCESS, RESETTING MULTIFACTOR AUTHENTICATION, AND REVOKING ALL ACTIVE SESSIONS. A SENTINELONE ENDPOINT SCAN ALSO FOUND NO EVIDENCE OF MALICIOUS ACTIVITY OR SYSTEM COMPROMISE. THE MATTER WAS THEN ESCALATED TO THE SERVICE PROVIDER'S SECURITY OPERATIONS TEAM FOR A MORE COMPREHENSIVE REVIEW. THE INVESTIGATION IDENTIFIED UNAUTHORIZED ACCESS TO THE ASSOCIATION'S ACCOUNTING EMAIL ACCOUNT BUT FOUND NO EVIDENCE OF UNAUTHORIZED ACCESS TO THE ASSOCIATION'S ACCOUNTING SYSTEM OR MEMBERSHIP DATABASE. THE INVESTIGATION ALSO CONFIRMED THAT THE LOGIN ACTIVITY ORIGINATED FROM INDIVIDUALS NOT AFFILIATED WITH THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | IAAP IS A MEMBERSHIP ORGANIZATION. THE ORGANIZATION HAS PROFESSIONAL, STUDENT, AND LEGACY CLASSIFICATIONS OF MEMBERS. ALL MEMBERS HAVE RIGHTS AND PRIVILEGES OF FULL PARTICIPATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE DIRECTORS AND OFFICERS OF THE ORGANIZATION AT THE ANNUAL MEETING FROM A SLATE PROPOSED BY THE GOVERNANCE AND LEADERSHIP COMMITTEE, EXCEPT THAT THE PRESIDENT & CHAIR IS ELECTED BY AUTOMATIC SUCCESSION OF THE CHAIR-ELECT TO THE POSITION OF PRESIDENT & CHAIR UPON THE EXPIRATION OF HIS/HER TERM. OFFICERS INCLUDE A PRESIDENT & CHAIR, CHAIR-ELECT, DIVERSITY OFFICER, AND CEO. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS RECEIVES A COPY OF FORM 990 PRIOR TO FILING WITH THE IRS. BOARD MEMBERS HAVE AN OPPORTUNITY TO REVIEW THE FORM AND SUBMIT QUESTIONS TO THE AUDIT COMMITTEE WHICH DISCUSSES OPENLY WITH THE TAX RETURN PREPARER ANY QUESTIONS PRIOR TO SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH COVERED PERSON MUST DISCLOSE TO THE IAAP PRESIDENT & CHAIR OR CEO A POTENTIAL CONFLICT AND ALL MATERIAL FACTS AS SOON AS HE OR SHE HAS KNOWLEDGE THEREOF AND WHENEVER REQUESTED BY THE PRESIDENT & CHAIR OR CEO. IN ADDITION, EACH COVERED PERSON MUST ANNUALLY COMPLETE, SIGN AND PROMPTLY RETURN A CONFLICTS OF INTEREST DISCLOSURE STATEMENT, UTILIZING THE FORM APPROVED BY THE BOARD OR DESIGNATED COMMITTEE. THE IAAP CEO MONITORS PROPOSED OR ONGOING IAAP TRANSACTIONS FOR POTENTIAL CONFLICTS AND DISCLOSES THEM TO THE IAAP PRESIDENT & CHAIR FOR BOARD REVIEW. THE BOARD THEN MAKES A DETERMINATION AS TO WHETHER A CONFLICT OF INTEREST EXISTS. IF THE BOARD DETERMINES THAT A POTENTIAL CONFLICT RISES TO THE LEVEL OF A CONFLICT OF INTEREST, THE BOARD TAKES THE NECESSARY STEPS TO RESOLVE OR MANAGE THE CONFLICT OF INTEREST IN ACCORDANCE WITH THE POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE ORGANIZATION ENGAGED A CONSULTING FIRM TO PERFORM A MARKET STUDY FOR THE CEO POSITION. SALARY DATA FROM SEVERAL SOURCES IS USED TO VALIDATE CEO COMPENSATION AND POSITION EXPECTATIONS. THE BOARD OF DIRECTORS PROVIDES THE CEO WITH AN ANNUAL EVALUATION OF PERFORMANCE. THE INDEPENDENT CONSULTING FIRM COORDINATES AND FACILITATES THE CEO EVALUATION PROCESS AND DELIVERY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S BYLAWS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST BY ANY MEMBER OF THE INTERNATIONAL ASSOCIATION OF ADMINISTRATIVE PROFESSIONALS TO VIEW AND/OR DOWNLOAD. |
| FORM 990, PART IX, LINE 11G | CERTIFICATION ADMINISTRATION 104,705. OFFICEPRO CONTRACT SERVICES 120,191. CONSULTANTS 367,231. OTHER PROFESSIONAL SERVICES 12,407. |
| FORM 990, PART XII, LINE 2C: | THE JOINT FINANCE COMMITTEE CONSISTS OF THE CHAIRS OF IAAP AND THE IAAP FOUNDATION AND OTHER APPOINTEES FROM THE IAAP AND FOUNDATION BOARDS. THE COMMITTEE HAS THE SOLE AUTHORITY TO APPOINT OR REPLACE THE INDEPENDENT AUDITOR (SUBJECT TO BOARD APPROVAL) AND IS RESPONSIBLE FOR THE COMPENSATION AND OVERSIGHT OF THE WORK OF THE INDEPENDENT AUDITOR (INCLUDING RESOLUTION OF DISAGREEMENTS BETWEEN MANAGEMENT AND THE INDEPENDENT AUDITOR REGARDING FINANCIAL REPORTING) FOR THE PURPOSE OF PREPARING OR ISSUING AN AUDIT REPORT AND RELATED WORK OR PERFORMING OTHER AUDIT, REVIEW, OR ATTEST SERVICES. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| Software ID: | |
| Software Version: |