Rics Americas Inc
- Assets
- $284.4k
- Revenue
- $930.5k
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 01/2012
- Data as of
- 12/2022
- 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 12/2022, Rics Americas Inc employed 10 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 12/2022, Rics Americas Inc generated $930.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $851.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 8 years. 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
2022
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 2 'STAY INFORMED' SESSIONS DURING THE PERIOD FROM AUGUST 2022 - DECEMBER 2022, 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 STANDARDS. 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 Part | OfficerTrustee | 40 | $292,723 |
Steve Choi Program Lead - Valuation | 40 | $127,308 | |
Michael Zuriff Sen. Public Affairs Office | 40 | $106,392 | |
Anil Sawhney Program Lead - Constructio | 40 | $134,618 | |
Lauren Nachstein Head Of Insights & Researc | 40 | $118,097 |
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 | $930,508 |
| 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 | $930,508 |
| 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. | $340,210 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,351 |
| Pension plan accruals and contributions | $36,493 |
| Other employee benefits | $71,082 |
| Payroll taxes | $27,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,516 |
| Advertising and promotion | $30,000 |
| Office expenses | $15,921 |
| Information technology | $1,168 |
| Royalties | $0 |
| Occupancy | $80,418 |
| Travel | $31,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,184 |
| Interest | $3,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $276 |
| Insurance | $11,882 |
| All other expenses | $0 |
| Total functional expenses | $851,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,251 |
| Total assets | $284,354 |
| Accounts payable and accrued expenses | $12,988 |
| Grants payable | $0 |
| Deferred revenue | $4,226 |
| 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 | $6,174,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,191,873 |
| Net assets without donor restrictions | -$5,907,519 |
| 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 | $284,354 |