2025-02-10T10:42:57-06:00 2024-03-31 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1600 CHICAGO IL 60611 990 2023-04-01 201290173 INTERNATIONAL VALUATION STANDARDS COUNCIL INTE 3123354100 200 W MADISON ST 1500 CHICAGO IL 60606 NICK TALBOT CEO 3123354100 2025-01-30 1 1 KENNETH L TORNHEIM P00079651 3126707444 2025-01-30 2023 2025-03-06 01:10:19Z NICK TALBOT 20 ST DUNSTANS HILL LONDON UK EC3R 8HL 2136764 0 X WWW.IVSC.ORG X NOT FOR PROFIT 1981 IL THE MISSION OF THE IVSC IS TO ESTABLISH AND MAINTAIN EFFECTIVE AND QUALITY INT'L VALUATION STANDARDS AND CONTRIBUTE TO THE DEVELOPMENT OF THE VALUATION PROFESSION FOR THE BENEFIT OF THE GENERAL PUBLIC. 11 11 0 124 0 0 1886412 2076741 69812 35880 778 3857 19804 9028 1976806 2125506 0 0 0 0 1226827 1316779 0 0 184023 710972 668600 1937799 1985379 39007 140127 3376785 3174067 1162800 865353 2213985 2308714 X THE MISSION OF IVSC IS TO ESTABLISH AND MAINTAIN EFFECTIVE, HIGH-QUALITY INTERNATIONAL VALUATION STANDARDS, DEVELOP A FRAMEWORK OF GUIDANCE ON BEST PRACTICE FOR VALUATIONS OF THE VARIOUS CLASSES OF ASSETS AND LIABILITIES, AND CONTRIBUTE TO THE DEVELOPMENT OF THE WORLDWIDE VALUATION PROFESSION FOR THE BENEFIT OF THE GENERAL PUBLIC. 0 0 176076 44790 CREATING AND ENSURING AN INDEPENDENT AND TRANSPARENT INTERNATIONALVALUATION STANDARDS SETTING PROCESS; DEVELOPING AND MAINTAINING AHIGHLY EFFECTIVE COMPREHENSIVE SET OF HIGH QUALITY INTERNATIONALVALUATION STANDARDS THAT ARE UNDERSTANDABLE, PRACTICAL TOIMPLEMENT AND WHICH PROTECT THE PUBLIC INTEREST; AND IDENTIFYINGWHERE LOCAL OR REGIONAL STANDARDS DIFFER FROM THE INTERNATIONALVALUATION STANDARDS AND WORKING TOWARD GREATER COMPATABILITY ANDHARMONIZATION BETWEEN LOCAL OR REGIONAL REQUIREMENTS AND THEINTERNATIONAL VALUATION STANDARDS 465685 CONTRIBUTING TO THE DEVELOPMENT OF THE GLOBAL VALUATION PROFESSIONAND PROTECTING THE PUBLIC INTEREST BY ENCOURAGING HIGH QUALITYBEST PRACTICES BY THE GLOBAL VALUATION PROFESSION 641761 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 1 UK SN 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X FERGUSON MAIDMENT & CO 2074040681 167 FLEET STREET LONDON ECA EA UK ALISTAIR DARLING TRUSTEE/CHAIRMAN (UNTIL NOV 2023) 7.00 X X 113959 0 0 HWEE HUA LIM TRUSTEE/ACTING CHAIRMAN 2.00 X X 0 0 0 MARCELO BARBOSA TRUSTEE 2.00 X 0 0 0 MARY E BARTH TRUSTEE 2.00 X 0 0 0 LINDA DE BEER TRUSTEE 2.00 X 0 0 0 JAPHETH KATTO TRUSTEE 2.00 X 0 0 0 ISEO PASQUALI TRUSTEE 2.00 X 0 0 0 JACQUES POTDEVIN TRUSTEE 2.00 X 0 0 0 AIKO SEKINE TRUSTEE 2.00 X 0 0 0 NARAYAN SESHADRI TRUSTEE 2.00 X 0 0 0 RANJIT SINGH TRUSTEE 2.00 X 0 0 0 GENGHUA ZHANG TRUSTEE 2.00 X 0 0 0 ANA MARIA ELORRIETA TRUSTEE (UNTIL OCT 2023) 2.00 X 0 0 0 JAY E FISHMAN TRUSTEE (UNTIL OCT 2023) 2.00 X 0 0 0 NICK TALBOT CEO 40.00 X 415402 0 10031 RICHARD STOKES COMMUNICATIONS DIRECTOR 40.00 X 128478 0 12216 ALEXANDER ARONSOHN DIR OF TECHNICAL STANDARDS 40.00 X 151347 0 12676 KUMAR DASGUPTA DIR OF TECHNICAL STANDARDS 40.00 X 107018 0 0 916204 0 34923 5 0 1 0 0 800692 1276049 2076741 DELEGATE FEE INCOME 541900 35880 35880 35880 3857 3857 118 118 20168 11258 8910 8910 2125506 44790 0 3975 555156 255811 139984 159361 573752 156828 416924 37481 37481 5612 5612 144778 52779 70742 21257 2187 2187 58668 58668 4902 4902 19040 16755 2285 13421 2668 10548 205 21928 10964 10964 60475 30237 27214 3024 385800 102466 283158 176 118 118 13253 13253 8041 8041 BAD DEBT 80767 80767 1985379 641761 1159595 184023 2802161 2644852 506244 463695 2566 2616 30077 41751 12697 9177 1426 3520 34311 17633 3376785 3174067 289908 247593 226321 209875 646571 407885 1162800 865353 X 0 0 0 0 2213985 2308714 2213985 2308714 3376785 3174067 X 140127 -45398 X X 0 1 X 1 0 X 1754640 1884053 2060402 1886412 2076741 9662248 1754640 1884053 2060402 1886412 2076741 9662248 2270653 7391595 2402 41309 184 950 3975 48820 18421 995 19416 9730484 215184 0.75960 0.73830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 18,421. 2020 AMOUNT: $ 995. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12697 9177 3520 3520 DUE TO SUBSIDIARY - IVSC ASIA 407885 407885 2136764 0 2136764 -11258 -11258 2125506 1996637 0 1996637 -11258 -11258 1985379 PART XI, LINE 4B - OTHER ADJUSTMENTS: PUBLICATION COST OF GOODS SOLD -11,258. PART XII, LINE 4B - OTHER ADJUSTMENTS: PUBLICATION COST OF GOODS SOLD -11,258. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STANDARD SETTING 55723 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 BOARD OF TRUSTEES MEETING 126963 EUROPE (INCLUDING ICELAND & GREENLAND) 1 6 OPERATION HEADQUARTERS 1230842 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 OTHER TECHNICAL MEETINGS 4578 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STANDARD SETTING 376559 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES STANDARD SETTING 49017 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 ANNUAL GENERAL MEETING 26633 NORTH AMERICA 0 0 PROGRAM SERVICES STANDARD SETTING 49016 1 6 0 0 1 6 1919331 0 1919331 0 0 1 0 0 0 X X 0 0 0 0 0 0 0 0 0 NICK TALBOT CEO 326908 0 88494 0 0 0 0 0 10031 0 425433 0 0 0 ALEXANDER ARONSOHN DIR OF TECHNICAL STANDARDS 123997 0 27350 0 0 0 0 0 12676 0 164023 0 0 0 FORM 990, PART V, LINE 2 - COMPENSATION: THE ORGANIZATION DOES NOT ISSUE FORMS W-2 SINCE ALL EMPLOYEES ARE NON-US CITIZENS WHO LIVE AND WORK OUTSIDE THE UNITED STATES. FORM 990, PART VI, SECTION A, LINE 6 PER THE BYLAWS, THE INTERNATIONAL VALUATION STANDARDS COUNCIL IS ORGANIZED ON A NON-STOCK MEMBERSHIP BASIS. FORM 990, PART VI, SECTION A, LINE 7A PER THE BY-LAWS, EACH MEMBER IN GOOD STANDING IS ENTITLED TO PARTICIPATE IN THE INTERNATIONAL VALUATION STANDARDS COUNCIL FUNCTIONS THROUGH ITS DESIGNATED REPRESENTATIVES. THIS PRIVILEGE INCLUDES VOTING, ELIGIBILITY FOR ELECTION TO OFFICE, AND ATTENDANCE AT MEETINGS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL BE ENTITLED TO REPRESENTATION IN THE INTERNATIONAL VALUATION STANDARDS COUNCIL THROUGH ONE OR MORE DESIGNATED PERSONS (REPRESENTATIVES). AT THE ANNUAL GENERAL MEETING, EACH MEMBER ORGANIZATION SHALL HAVE ONE VOTE, IRRESPECTIVE OF THE SIZE OF THE ORGANIZATION WHICH IS REPRESENTED. FORM 990, PART VI, SECTION B, LINE 11B A FINAL DRAFT 990 IS SHARED WITH THE BOARD OF TRUSTEES FOR ANY QUESTIONS, PRIOR TO SIGNING BY THE CEO AND CHAIR (OR VICE-CHAIR) AND FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH PERSON SHALL DISCLOSE TO THE BOARD AND CHAIRMAN ANY CONFLICT OF INTEREST SUCH PERSON OR A RELATED PARTY HAS REGARDING ANY TRANSACTION TO BE CONSIDERED BY THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PROVIDED TO THE CEO AND BOARD CHAIR ARE DETERMINED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES AND APPROVED BY THE BOARD OF TRUSTEES. THE BOARD CHAIR DOES NOT PARTICIPATE DURING THE VOTE FOR HIS COMPENSATION. THE AMOUNT OF THE BOARD CHAIR'S COMPENSATION WAS DETERMINED BASED ON THE SIGNIFICANT EXPERIENCE AND REPUTATION IN INTERNATIONAL MATTERS OF THE BOARD CHAIR AS WELL AS THE TIME DEVOTED TO THE PERFORMANCE OF HIS ACTIVITIES. THE AMOUNT OF COMPENSATION FOR THE CEO WAS DETERMINED BASED ON THE GENERAL COMPENSATION KNOWLEDGE OF THE BOARD, ALL OF WHOM ARE SOPHISTICATED BUSINESS PERSONS KNOWLEDGEABLE IN COMPENSATION ISSUES, AS WELL AS THE LEVEL OF DIFFICULTY IN FINDING SOMEONE WHO HAS AS MUCH KNOWLEDGE IN THE OPERATION OF AN INTERNATIONAL STANDARDS SETTING ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S 990 IS MADE AVAILABLE TO THE PUBLIC VIA THE WEBSITE WWW.GUIDESTAR.ORG. ADDITIONALLY, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENTS -45,398. FORM 990, PART XII, LINE 2B - AUDITED FINANCIAL STATEMENTS: THE ORGANIZATION OBTAINED SEPARATE, INDEPENDENT AUDITED FINANCIAL STATEMENTS PREPARED UNDER THE INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) BASIS OF ACCOUNTING AS OPPOSED TO THE GAAP BASIS OF ACCOUNTING. THE FINANCIAL STATEMENTS HAVE BEEN PREPARED IN BRITISH STERLING. FORM 990 HAS BEEN TRANSLATED TO US DOLLARS USING PREVAILING EXCHANGE RATES FOR THE PERIOD. IVSC ASIA LTD 55 NEWTON ROAD 03-02 REVENUE HOUS SINGAPORE SN 307987 ACTIVITIES OF BUSINESS AND EMPLOYERS' MEMBERSHIP ORGANISATIONS SN INTERNATIONAL VALUATION STANDARDS COUNCIL C 556613 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0