Overview
What is International Valuation Standards Council?
The International Valuation Standards Council (IVSC) is a nonprofit organization headquartered in Chicago, Illinois. Their primary focus is to establish and maintain an independent, transparent, and globally applicable system for setting international valuation standards. They strive to develop a comprehensive set of high-quality standards that are practical to implement and safeguard the public interest. The IVSC aims to identify any discrepancies between local or regional standards and their international counterparts, working towards greater compatibility and harmonization. Their mission is to ultimately contribute to the development and advancement of the global valuation profession for the benefit of the general public.
Official website here: www.ivsc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The International Valuation Standards Council has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its overall accountability and financial practices. While the organization demonstrates strengths in governance, such as having a majority of independent board members and established policies for conflict of interest, whistleblowing, and document retention, these positives are overshadowed by its low program expense ratio and liabilities to assets ratio.
Specifically, the charity shows a program expense ratio of only 35.69%, suggesting that a limited portion of its expenses is allocated to program activities rather than administrative costs. Furthermore, the liabilities to assets ratio of 34.43% raises questions about its financial health and sustainability, contributing to the overall low score. Additionally, the absence of the tax form on its website is a notable deficiency that may impact transparency and public trust.
Despite its robust governance structure, the financial indicators reveal critical areas for improvement. To enhance its rating and effectiveness, the International Valuation Standards Council should focus on increasing its program spending and improving its financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is International Valuation Standards Council legitimate?
International Valuation Standards Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Valuation Standards Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $494,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $538,433
For more financial information, click here
Official website here: www.ivsc.org
What is the mission statement of International Valuation Standards Council?
The International Valuation Standards Council (IVSC) is dedicated to establishing and maintaining high-quality international valuation standards for the benefit of the general public. Their mission involves creating an independent and transparent valuation standards setting process, developing and maintaining a comprehensive set of these standards that are practical to implement, and protecting the public interest. In addition, IVSC identifies instances where local or regional standards deviate from international valuation standards and works towards enhancing compatibility and harmonization between the two.
Official website here: www.ivsc.org
Who is the CEO of International Valuation Standards Council?
Nick Talbot is the Trustee/Chairman of International Valuation Standards Council. The CEO's salary of International Valuation Standards Council is $345,149 and their total compensation is $350,590.
Official website here: www.ivsc.org
What is the revenue of International Valuation Standards Council?
International Valuation Standards Council's revenue in 2022 was $2,098,608.
Official website here: www.ivsc.org
Who are the executives of International Valuation Standards Council and what are their salaries?
There 118 volunteers at International Valuation Standards Council.
Here are 19 key members and their salaries (International Valuation Standards Council's CEO's salary is $345,149 and their total compensation is $350,590):
- Compensation: $109,697
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- Compensation: $345,149
- Related: $0
- Other: $5,441
- Compensation: $138,010
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- Other: $27,250
- Compensation: $132,974
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- Other: $12,860
- Compensation: $106,379
- Related: $0
- Other: $0
Official website here: www.ivsc.org
Where can I find the form 990 for International Valuation Standards Council?
International Valuation Standards Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ivsc.org
Learn more at the official website: www.ivsc.org
Mission Statement of International Valuation Standards Council
The International Valuation Standards Council (IVSC) is committed to establishing and maintaining effective international valuation standards for the benefit of the general public. Its mission involves creating an independent and transparent international valuation standards setting process. The council works diligently to develop and maintain a comprehensive, high-quality set of international valuation standards. These standards are designed to be understandable, practical to implement, and protect the public interest.
Furthermore, the IVSC contributes to the development of the worldwide valuation profession. It identifies instances where local or regional standards deviate from the international valuation standards and works towards greater compatibility and harmonization between these disparities. The council's ultimate goal is to ensure that valuation standards are uniform, reliable, and serve the best interests of the public. By upholding these standards, the IVSC aims to enhance the integrity, credibility, and transparency of the valuation profession globally.
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Impact
August, 2024
The International Valuation Standards Council's impact lies in establishing and maintaining effective and high-quality international valuation standards. By creating an independent and transparent standards-setting process, developing comprehensive and practical standards, and working towards harmonization of local and regional requirements with international standards, the IVSC contributes to the development of the worldwide valuation profession for the benefit of the general public. Through its mission, the IVSC plays a crucial role in ensuring consistency, transparency, and integrity in valuation practices across borders, ultimately enhancing the credibility and trustworthiness of valuations in the global market.
This information is meant to be a general summary of International Valuation Standards Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $71
- Program Service Revenue: $21,724
- Gross Receipts: $2,102,941
Assets and Liabilities:
- Total Assets: $2,748,445
- Total Liabilities: $708,042
- Net Assets: $2,040,403
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUSINESS ADVISORY CONF
Revenue
$21,724
Organization Details
Founding Year
1981
Phone
(312) 335-4100Principal Officer
Nick Talbot
Main Address
200 W MADISON ST 1500, CHICAGO, IL, 60606
Website
www.ivsc.orgNTEE Category
Code: U03 - Science research
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