2026-02-16T15:31:32-06:00 2025-03-31 872525370 CITRIN COOPERMAN ADVISORS LLC 455 N CITYFRONT PLAZA DR - SUITE 1600 CHICAGO IL 60611 990 2024-04-01 201290173 INTERNATIONAL VALUATION STANDARDS COUNCIL INTE 3123354100 200 W MADISON ST 1500 CHICAGO IL 60606 NICK TALBOT CEO 3123354100 2026-02-12 1 1 KENNETH L TORNHEIM P00079651 3126707444 2026-02-12 2024 2025-03-06 01:10:19Z NICK TALBOT 20 ST DUNSTANS HILL LONDON UK EC3R 8HL 2248114 0 X WWW.IVSC.ORG X NOT FOR PROFIT 1981 IL THE MISSION OF THE IVSC IS TO ESTABLISH AND MAINTAIN EFFECTIVE AND HIGH-QUALITY INT'L VALUATION STANDARDS AND CONTRIBUTE TO THE DEVELOPMENT OF THE VALUATION PROFESSION FOR THE BENEFIT OF THE GENERAL PUBLIC. 11 10 0 126 0 0 2076741 2143891 35880 73409 3857 11737 9028 18474 2125506 2247511 0 0 0 0 1316779 1362306 0 0 174804 668600 735955 1985379 2098261 140127 149250 3174067 3914504 865353 1523462 2308714 2391042 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 122107 90704 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 526472 CONTRIBUTING TO THE DEVELOPMENT OF THE GLOBAL VALUATION PROFESSIONAND PROTECTING THE PUBLIC INTEREST BY ENCOURAGING HIGH QUALITYBEST PRACTICES BY THE GLOBAL VALUATION PROFESSION 648579 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 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 10 0 0 0 0 1 1 0 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 NICK TALBOT CEO 40.00 X 471616 0 31291 RICHARD STOKES COMMUNICATIONS DIRECTOR 40.00 X 155906 0 42622 ALEXANDER ARONSOHN DIR OF TECHNICAL STANDARDS 40.00 X 164208 0 13463 KUMAR DASGUPTA DIR OF TECHNICAL STANDARDS 40.00 X 114984 0 0 HWEE HUA LIM ACTING CHAIRMAN/CHAIR 7.00 X X 84564 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 ZHANG GENGHUA TRUSTEE 2.00 X 0 0 0 JAPHETH KATTO TRUSTEE 2.00 X 0 0 0 LEIGH MILLER 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 ISEO PASQUALI TRUSTEE (UNTIL NOV 2024) 2.00 X 0 0 0 991278 0 87376 4 0 1 0 0 884714 1259177 2143891 DELEGATE FEE INCOME 541900 55047 55047 BUSINESS ADVISORY CONF 541610 18362 18362 73409 11737 11737 1179 1179 17898 603 17295 17295 2247511 90704 0 12916 563534 269092 138997 155445 586847 181047 405800 69471 69471 7061 7061 135393 47956 69007 18430 388 388 57892 57892 22751 22751 24720 21754 2966 33273 3975 28992 306 18642 9321 9321 12460 6230 5607 623 382693 49363 333330 11444 11444 59841 59841 9018 9018 BAD DEBT 102833 102833 2098261 648579 1274878 174804 2644852 2887437 463695 722864 2616 2685 41751 113469 14574 11079 3520 3495 17633 184554 3174067 3914504 247593 438962 209875 821420 407885 263080 865353 1523462 X 0 0 0 0 2308714 2391042 2308714 2391042 3174067 3914504 X 149250 -66922 X X 0 1 X 1 0 X 1884053 2060402 1886412 2076741 2143891 10051499 1884053 2060402 1886412 2076741 2143891 10051499 2197599 7853900 41309 184 950 3975 12916 59334 995 995 10111828 279771 0.77670 0.75960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 995. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14574 11079 3495 3495 DUE TO SUBSIDIARY - IVSC ASIA 196962 LEASE LIABILITY 66118 263080 2248114 0 2248114 -603 -603 2247511 2098864 0 2098864 -603 -603 2098261 PART XI, LINE 4B - OTHER ADJUSTMENTS: PUBLICATION COST OF GOODS SOLD -603. PART XII, LINE 4B - OTHER ADJUSTMENTS: PUBLICATION COST OF GOODS SOLD -603. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STANDARD SETTING 200184 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 BOARD OF TRUSTEES MEETING 57890 EUROPE (INCLUDING ICELAND & GREENLAND) 1 6 OPERATION HEADQUARTERS 1276673 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 OTHER TECHNICAL MEETINGS 4130 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STANDARD SETTING 331524 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 ANNUAL GENERAL MEETING 26550 NORTH AMERICA 0 0 PROGRAM SERVICES STANDARD SETTING 116870 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 BOARD OF TRUSTEES MEETING STANDARD SETTING 57890 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 ANNUAL GENERAL MEETING STANDARD SETTING 26550 1 6 0 0 1 6 2071711 26550 2098261 0 0 1 0 0 0 X X 0 0 0 0 0 0 0 0 0 NICK TALBOT CEO 347831 0 123785 0 0 0 31291 0 0 0 502907 0 0 0 RICHARD STOKES COMMUNICATIONS DIRECTOR 126112 0 29794 0 0 0 42622 0 0 0 198528 0 0 0 ALEXANDER ARONSOHN DIR OF TECHNICAL STANDARDS 133519 0 30689 0 0 0 13463 0 0 0 177671 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 MEMBERSHIP IN THE IVSC CONSISTS OF: - VALUATION PROFESSIONAL ORGANIZATIONS: WHICH SHALL INCLUDE VALUATION PROFESSIONAL ORGANIZATIONS RECOGNIZED EITHER BY LEGAL DECREE OR GENERAL CONSENSUS; - ASSOCIATE VALUATION PROFESSIONAL ORGANIZATIONS: A NON-VOTING CATEGORY OF MEMBERSHIP; - CORPORATE MEMBERS: WHICH SHALL INCLUDE VALUATION COMPANIES AND COMPANIES HAVING AN INTEREST IN VALUATION AS WELL AS ENTITIES WITH AN INTEREST IN VALUATION STANDARDS AND WHICH SECURE OR USE VALUATION SERVICES TO INCLUDE BUT NOT BE LIMITED TO LENDERS, ACCOUNTANTS, INSURERS, ASSET MANAGERS, INVESTMENT BANKERS, AND OTHERS. CORPORATE MEMBERS SHOULD BE ABLE TO DEMONSTRATE HOW THEY HELP ENCOURAGE OR PARTICIPATE IN THE CREATION OF A PROFESSIONAL HIGH QUALITY VALUATION; - INSTITUTIONAL MEMBERS: WHICH ARE NOT-FOR-PROFIT ENTITIES TO INCLUDE BUT NOT BE LIMITED TO GOVERNMENT AGENCIES AND REGULATORS; AND - ACADEMIC MEMBERS: WHICH SHALL INCLUDE BUT NOT BE LIMITED TO UNIVERSITIES, COLLEGES, AND OTHER INSTITUTIONS OFFERING ADVANCED EDUCATION. FORM 990, PART VI, SECTION A, LINE 7A PER THE BYLAWS, 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 B, LINE 11B A FINAL DRAFT FORM 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 THE BOARD OF TRUSTEES ARE COVERED UNDER THE CONFLICTS OF INTEREST POLICY AND HAVE AGREED TO RAISE ANY CONFLICTS OF INTEREST AT EACH MEETING. AS A NOT FOR PROFIT WHICH SETS STANDARDS IT WOULD BE RARE FOR A CONFLICT TO ARISE AS THE MAJORITY OF TRUSTEES ARE INDEPENDENT OF ANYTHING VALUATION RELATED AND IVSC HAS LIMITED TRANSACTIONS. CONFLICTS RAISED WOULD INVOLVE RECUSAL FROM DISCUSSION OF THAT ITEM BY THE RELEVANT TRUSTEE. WERE THERE A CONFLICT BETWEEN THE INDIVIDUAL'S ACTIVITY AND THE GENERAL ACTIVITY OF IVSC THEN THE INDIVIDUAL WOULD BE REQUIRED TO RESIGN. ADDITIONALLY, A DECLARATION OF RELATED PARTY INTERESTS IS MADE BY EACH TRUSTEE ANNUALLY AND INCLUDED IN THE IVSC FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION PROVIDED TO THE CEO AND BOARD CHAIR WAS 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 THE CHAIR'S 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 THE CHAIR'S 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 AS THE ORGANIZATION'S CEO IN THE OPERATION OF AN INTERNATIONAL STANDARDS SETTING ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENTS -66,922. 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 US GAAP BASIS OF ACCOUNTING. FINANCIAL STATEMENTS HAVE BEEN PREPARED BASED ON BRITISH POUNDS STERLING BEING THE FUNCTIONAL CURRENCY. 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 VALUATION STANDARD SETTING AND EMPLOYERS' MEMBERSHIP ORGANIZATIONS SN INTERNATIONAL VALUATION STANDARDS COUNCIL C 328194 398387 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 IVSC ASIA LTD R 259810 BOOK VALUE