Rics Americas INC FY2021 filing

Not tax-deductible

New York, NY501(c)(6)Community DevelopmentEIN 45-2383686Revenue $566K in FY2021

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.

$800K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · 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
$800K
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
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.6M
×18 of total assets
Concern: liabilities are 1800% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$566K
-66% vs prior year
Spent
$2.4M
Net assets
−$5.3M
By yearFY2020–FY2024
Revenue
$566K
FY2021▼ -66%
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
$2.4M
FY2021▼ -20%
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
−$5.3M
FY2021▼ -53%
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 FY2021 Form 990 (year ending July 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

7 people listed on the 990; $800K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director of Strategic Partnerships
$198,195Pt VII · Sec A
Program Lead - Valuation
$127,308Pt VII · Sec A
Program Lead - Construction
$126,464Pt VII · Sec A
Product Lead Aemea
$125,399Pt VII · Sec A
Head of Insights
$117,000Pt VII · Sec A
Sen. Public Affairs Officer
$105,600Pt VII · Sec A
Executive Director (until 6/4/21)
$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 15aYes

Programs and updates

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

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2 programs · in their own filed words · FY2020
01

Rics americas hosted 3 small events with a focus on topics related to climate change, the surveying industry, including real estate, construction, facilities management, and business valuation in order to promote rics, along with its standard.

Pt IX · col B
02

Service Fee Income

Reimbursement of costs, plus a 5% markup of the internal costs, incurred in 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$566K
Ln 12
Fees for servicesLn 2g$566K
Money outPt IX
$2.4M
Ln 25
Owns and owesPt X
−$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$133K
Total assetsLn 16$326K
LiabilitiesLn 26$5.6M
PeoplePt VI, VII
7
listed · VII A
PaidVII A6
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$566K
Total revenueLn 12$566K
Assets in detailPt X, end of year
CashLn 1$133K
Cash and savings togetherLn 1–2$133K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$119K
Total assetsLn 16$326K
LiabilitiesLn 26$5.6M
Net assetsLn 32−$5.3M
OperationsPt I, VI
EmployeesI 518
VolunteersI 675
Fiscal year endsHeaderJuly
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 FY21End FY21
Cash and savingsLn 1–2$102K$133K
Land, buildings, equipmentLn 10c$17K$5K
Total assetsLn 16$297K$326K
LiabilitiesLn 26$3.7M$5.6M
Net assetsLn 32−$3.4M−$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$245K
Other salaries and wagesLn 7$1.1M
Pension plan contributionsLn 8$215K
Other employee benefitsLn 9$231K
Payroll taxesLn 10$111K
Legal feesLn 11b$4K
Accounting feesLn 11c$23K
Other fees for servicesLn 11g$1K
Advertising and promotionLn 12$76K
Office expensesLn 13$68K
Information technologyLn 14$1K
OccupancyLn 16$216K
TravelLn 17$5K
Conferences, conventions and meetingsLn 19$50K
InterestLn 20$8K
Depreciation, depletion and amortizationLn 22$11K
InsuranceLn 23$45K
Other expenses (24a–d)Ln 24$37K
Total functional expensesLn 25$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $565,579 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,651,471$565,579
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,651,471$565,579
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 $2,064,447$1,854,841
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $930,990$546,588
I-18 Total expensesPrior year $2,995,437$2,401,429
I-19 Revenue less expensesPrior year −$1,343,966−$1,835,850
Part VI · Governance 0 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $565,579 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $565,579$565,579
VIII-12 Total revenueRelated to mission $565,579 · Unrelated business $0 · Excluded from tax $0$565,579
Part IX · Statement of functional expenses $2,401,429 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$244,888
IX-7 Other salaries and wages$1,052,743
IX-8 Pension plan contributions$215,379
IX-9 Other employee benefits$230,549
IX-10 Payroll taxes$111,282
IX-11b Legal fees$4,500
IX-11c Accounting fees$23,415
IX-11g Other fees for services$1,084
IX-12 Advertising and promotion$75,966
IX-13 Office expenses$68,083
IX-14 Information technology$1,219
IX-16 Occupancy$216,025
IX-17 Travel$5,486
IX-19 Conferences, conventions and meetings$50,233
IX-20 Interest$7,767
IX-22 Depreciation, depletion and amortization$11,298
IX-23 Insurance$44,611
IX-24 Other expenses (24a–d)$36,901
IX-25 Total functional expenses$2,401,429
Part X · Balance sheet $326,192 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $102,141$132,855
X-4 Accounts receivableStart of year $53,020$68,431
X-10c Land, buildings and equipment, netStart of year $16,789$5,490
X-15 Other assetsStart of year $124,869$119,416
X-16 Total assetsStart of year $296,819$326,192
X-17 Accounts payable and accrued expensesStart of year $115,149$67,235
X-26 Total liabilitiesStart of year $3,744,814$5,610,037
X-27 Net assets without donor restrictionsStart of year −$3,447,995−$5,283,845
X-32 Total net assets or fund balancesStart of year −$3,447,995−$5,283,845
X-33 Total liabilities and net assetsStart of year $296,819$326,192
Part XI · Reconciliation of net assets −$5,283,845 net assets at year end
XI-1 Total revenue$565,579
XI-2 Total expenses$2,401,429
XI-3 Revenue less expenses−$1,835,850
XI-4 Net assets at start of year−$3,447,995
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,283,845

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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