Rics Americas INC

Not tax-deductible

New York, NY501(c)(6)Community DevelopmentEIN 45-2383686Revenue $1.3M in FY2024

On file with the IRSrics.org/north-america60 E 42nd St Ste 542, 10165-0542 · New York, NYTax-exempt since Jan 2012

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To be recognized in key international markets as the body that promotes and enforces professional standards & offers access to the most sought after professional status.

Run by 75 volunteers and 18 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $809K a year · 64% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$361K
to officers and key staff · 26% of spending
Top officer’s pay lower than 57% of similar orgs
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.2M
×39 of total assets
Concern: liabilities are 3900% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-11% vs prior year
Spent
$1.4M
Net assets
−$6.1M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$566K
FY2022$1.4M
FY2022$931K
FY2023$1.4M
FY2024$1.3M
Expenses
$1.4M
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.0M
FY2021$2.4M
FY2022$2.1M
FY2022$851K
FY2023$1.5M
FY2024$1.4M
Net assets
−$6.1M
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020−$3.4M
FY2021−$5.3M
FY2022−$6.0M
FY2022−$5.9M
FY2023−$6.0M
FY2024−$6.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2012.

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

Who runs it and what they're paid

6 people listed on the 990; $361K paid to officers and key staff.

Part VII, Section A · reportable compensation
Program Lead - Construction
$143,320Pt VII · Sec A
Sen. Public Affairs Office
$115,425Pt VII · Sec A
Partner Development Manage
$102,063Pt VII · Sec A
Director (until 7/5/2024)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (as of 7/18/2024)
$0Pt VII · Sec A

Anil Sawhney’s $143K as Program Lead - Construction is at the 43rd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2022FY2021FY2020
Neil Shah——$292,723$202,412$198,195$268,457
Anil Sawhney$143,320$146,549$134,618$130,706$126,464$135,907
Neil Shah Until 732023—$138,468————
Steve Choi—$129,795$127,308$127,308$127,308$127,876
Jacqueline Oppenheim———$102,409$125,399$111,474
Lauren Nachstein——$118,097$116,400$117,000$106,753
Michael Zuriff$115,425$114,832$106,392$105,600$105,600$102,741
Allen Williams$102,063$101,608————

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 15aNo

Programs and updates

Promotes and enforces professional standards, offering access to sought-after professional status globally.

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Provided by the organization

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2 programs · in their own filed words · FY2024
01

Rics americas, inc. Hosted 8 small networking events and 1 conference (world built environment forum conference) during the period from january 2024 to december 2024, to bring together members and industry experts to discuss and learn the big issues facing the built environment across the region, and to promote the rics and its…

Pt IX · col B
02

Service Fee Income

Reimbursement of costs, plus a 5% markup of the internal costs, incurred in the furtherance of rics uk's activities, specifically in promoting membership to and processing applications for professionals in the region.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Money outPt IX
$1.4M
Ln 25
Owns and owesPt X
−$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$164K
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$133K
Cash and savings togetherLn 1–2$133K
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$23K
Total assetsLn 16$164K
LiabilitiesLn 26$6.2M
Net assetsLn 32−$6.1M
OperationsPt I, VI
EmployeesI 518
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$142K$133K
Land, buildings, equipmentLn 10c$607$3K
Total assetsLn 16$229K$164K
LiabilitiesLn 26$6.2M$6.2M
Net assetsLn 32−$6.0M−$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$613K
Pension plan contributionsLn 8$88K
Other employee benefitsLn 9$196K
Payroll taxesLn 10$85K
Legal feesLn 11b$2K
Accounting feesLn 11c$48K
Other fees for servicesLn 11g$25K
Office expensesLn 13$4K
Information technologyLn 14$2K
OccupancyLn 16$19K
TravelLn 17$139K
Conferences, conventions and meetingsLn 19$138K
InterestLn 20$2
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$8K
Total functional expensesLn 25$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.4M−$114K−$6.1M 990 PDF
FY2023 $1.4M$1.5M−$48K−$6.0M 990 PDF
FY2022 $1.4M$2.1M−$703K−$6.0M 990 PDF
FY2021 $566K$2.4M−$1.8M−$5.3M 990 PDF
FY2020 $1.7M$3.0M−$1.3M−$3.4M 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 FY2024 990 (6 parts)
Part I · Summary $1,259,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,417,631$1,259,644
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,417,631$1,259,644
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,173,914$982,352
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $292,066$390,973
I-18 Total expensesPrior year $1,465,980$1,373,325
I-19 Revenue less expensesPrior year −$48,349−$113,681
Part VI · Governance 0 of 1 board members independent, 2 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,259,644 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,259,644$1,259,644
VIII-12 Total revenueRelated to mission $1,259,644 · Unrelated business $0 · Excluded from tax $0$1,259,644
Part IX · Statement of functional expenses $1,373,325 across 15 lines filed
IX-7 Other salaries and wages$613,313
IX-8 Pension plan contributions$88,350
IX-9 Other employee benefits$196,121
IX-10 Payroll taxes$84,568
IX-11b Legal fees$2,009
IX-11c Accounting fees$48,175
IX-11g Other fees for services$25,075
IX-13 Office expenses$3,564
IX-14 Information technology$2,404
IX-16 Occupancy$18,911
IX-17 Travel$139,330
IX-19 Conferences, conventions and meetings$138,223
IX-20 Interest$2
IX-22 Depreciation, depletion and amortization$5,393
IX-23 Insurance$7,887
IX-25 Total functional expenses$1,373,325
Part X · Balance sheet $164,072 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $142,111$132,791
X-4 Accounts receivableStart of year $44,000$5,500
X-10c Land, buildings and equipment, netStart of year $607$3,253
X-15 Other assetsStart of year $42,654$22,528
X-16 Total assetsStart of year $229,372$164,072
X-17 Accounts payable and accrued expensesStart of year $28,764$45,832
X-26 Total liabilitiesStart of year $6,185,240$6,233,621
X-27 Net assets without donor restrictionsStart of year −$5,955,868−$6,069,549
X-32 Total net assets or fund balancesStart of year −$5,955,868−$6,069,549
X-33 Total liabilities and net assetsStart of year $229,372$164,072
Part XI · Reconciliation of net assets −$6,069,549 net assets at year end
XI-1 Total revenue$1,259,644
XI-2 Total expenses$1,373,325
XI-3 Revenue less expenses−$113,681
XI-4 Net assets at start of year−$5,955,868
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$6,069,549

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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