Rics Americas Inc
- Assets
- $326.2k
- Revenue
- $565.6k
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 01/2012
- Data as of
- 07/2021
- EIN
- 45-2383686
Organization Overview
Rics Americas Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 07/2021, Rics Americas Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rics Americas Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 07/2021, Rics Americas Inc generated $565.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $2.4m during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENFORCE PROFESSIONAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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. THESE EVENTS ALSO OFFERED OPPORTUNITIES FOR RICS MEMBERS TO FULFILL ANY CPD RELATED REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Shah Director Of Strategic Partnerships | OfficerTrustee | 40 | $198,195 |
Steve Choi Program Lead - Valuation | 40 | $127,308 | |
Anil Sawhney Program Lead - Construction | 40 | $126,464 | |
Jacqueline Oppenheim Product Lead Aemea | 40 | $125,399 | |
Lauren Nachstein Head Of Insights | 40 | $117,000 | |
Michael Zuriff Sen. Public Affairs Officer | 40 | $105,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $565,579 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $565,579 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $244,888 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,052,743 |
| Pension plan accruals and contributions | $215,379 |
| Other employee benefits | $230,549 |
| Payroll taxes | $111,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $23,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,084 |
| Advertising and promotion | $75,966 |
| Office expenses | $68,083 |
| Information technology | $1,219 |
| Royalties | $0 |
| Occupancy | $216,025 |
| Travel | $5,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,233 |
| Interest | $7,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,298 |
| Insurance | $44,611 |
| All other expenses | $0 |
| Total functional expenses | $2,401,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $119,416 |
| Total assets | $326,192 |
| Accounts payable and accrued expenses | $67,235 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,542,802 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,610,037 |
| Net assets without donor restrictions | -$5,283,845 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $326,192 |
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| Organization Name | Assets | Revenue |
|---|---|---|
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |