Civic Intelligence

National Association of Retail Collection Attorneys

990 • Fiscal year 2017 • EIN 43-1654633

Jan 01, 2017 to Dec 31, 2017 • Filed on May 22, 2018

601 Pennsylvania Ave NW Room 900Washington, DC 20004

(202) 861-0706

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.19x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

55th percentile

0.21x

Higher debt load relative to revenue than 55% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

14th percentile

-6.7%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

80th percentile

$242,550

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

52nd percentile

6.0%

Faster asset growth than 52% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.2%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,419,262

Up $137,171 (+6.0%) from 2016

Net Assets

Down

$1,955,593

Down $14,914 (-0.8%) from 2016

Liabilities

Up

$463,669

Up $152,085 (+49%) from 2016

Revenue

Up

$2,212,928

Up $47,233 (+2.2%) from 2016

Expenses

Down

$2,362,031

Down $132,908 (-5.3%) from 2016

Net Income

Up

-$149,103

Up $180,141 (+55%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,311,959Liabilities 2010: $394,202Net Assets 2010: $1,917,7572010Assets 2011: $2,331,505Liabilities 2011: $271,562Net Assets 2011: $2,059,9432011Assets 2012: $2,692,434Liabilities 2012: $323,046Net Assets 2012: $2,369,3882012Assets 2013: $2,702,509Liabilities 2013: $200,026Net Assets 2013: $2,502,4832013Assets 2014: $2,581,880Liabilities 2014: $270,646Net Assets 2014: $2,311,2342014Assets 2015: $2,463,544Liabilities 2015: $279,779Net Assets 2015: $2,183,7652015Assets 2016: $2,282,091Liabilities 2016: $311,584Net Assets 2016: $1,970,5072016Assets 2017: $2,419,262Liabilities 2017: $463,669Net Assets 2017: $1,955,5932017Assets 2018: $2,443,523Liabilities 2018: $631,237Net Assets 2018: $1,812,2862018Assets 2019: $2,439,178Liabilities 2019: $475,847Net Assets 2019: $1,963,3312019Assets 2020: $2,455,235Liabilities 2020: $943,690Net Assets 2020: $1,511,5452020Assets 2021: $2,754,085Liabilities 2021: $798,443Net Assets 2021: $1,955,6422021Assets 2022: $3,360,264Liabilities 2022: $1,079,925Net Assets 2022: $2,280,3392022Assets 2023: $3,192,370Liabilities 2023: $766,168Net Assets 2023: $2,426,2022023Assets 2024: $3,334,380Liabilities 2024: $768,884Net Assets 2024: $2,565,4962024

Highlighted filing

2017

Assets$2,419,262
Liabilities$463,669
Net Assets$1,955,593

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $2,018,701Expenses 2010: $1,759,537Net Income 2010: $259,1642010Revenue 2011: $2,424,401Expenses 2011: $2,338,575Net Income 2011: $85,8262011Expenses 2012: $2,031,9002012Revenue 2013: $2,410,461Expenses 2013: $2,296,918Net Income 2013: $113,5432013Revenue 2014: $2,371,352Expenses 2014: $2,557,566Net Income 2014: -$186,2142014Revenue 2015: $2,054,959Expenses 2015: $2,147,344Net Income 2015: -$92,3852015Revenue 2016: $2,165,695Expenses 2016: $2,494,939Net Income 2016: -$329,2442016Revenue 2017: $2,212,928Expenses 2017: $2,362,031Net Income 2017: -$149,1032017Revenue 2018: $2,289,985Expenses 2018: $2,299,754Net Income 2018: -$9,7692018Revenue 2019: $2,427,822Expenses 2019: $2,395,306Net Income 2019: $32,5162019Revenue 2020: $1,060,145Expenses 2020: $1,511,920Net Income 2020: -$451,7752020Revenue 2021: $2,139,753Expenses 2021: $1,759,439Net Income 2021: $380,3142021Revenue 2022: $2,576,627Expenses 2022: $2,081,563Net Income 2022: $495,0642022Revenue 2023: $2,215,348Expenses 2023: $2,221,018Net Income 2023: -$5,6702023Revenue 2024: $2,257,194Expenses 2024: $2,202,081Net Income 2024: $55,1132024

Highlighted filing

2017

Revenue$2,212,928
Expenses$2,362,031
Net Income-$149,103
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 22, 2018
Return Version
2017v2.3
Gross Receipts
$2,679,599
Mission and Program Overview

Mission

NARCA, Inc. is a trade association dedicated to service law firms engaged in the practice of creditors rights law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,074,654$2,158,597▲ $83,943
Cash and Non-Interest-Bearing Accounts$72,664$141,172▲ $68,508
Prepaid Expenses and Deferred Charges$113,400$77,774▼ $35,626
Accounts Receivable$285$30,000▲ $29,715
Land, Buildings, and Equipment, Net$11,972$6,853▼ $5,119
Total Assets$2,282,091$2,419,262▲ $137,171
Other Assets Total$9,116$4,866▼ $4,250
Liabilities
Deferred Revenue$274,952$440,044▲ $165,092
Accounts Payable and Accrued Expenses$36,632$23,625▼ $13,007
Total Liabilities$311,584$463,669▲ $152,085
Net Assets / Fund Balance
Unrestricted Net Assets$1,970,507$1,955,593▼ $14,914
Total Net Assets Fund Balance$1,970,507$1,955,593▼ $14,914
Total Liabilities and Net Assets / Fund Balance$2,282,091$2,419,262▲ $137,171

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,853$32,101$38,954
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark DoboszExecutive DirectorFT$212,000$30,550$242,550

Highest Paid Contractors

ContractorServicesLocationCompensation
Rrg LLCLobbying1200 New Hampshire Ave NW Ste 300, Washington, DC 20036$182,606
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,082,623
Investment Income
$106,307
Other Revenue
$23,998
Change in Net Assets
$-149,103

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,212,928
Revenue Not Reported on Form 990
$134,189
Total Revenue per Audited Statements
$2,347,117
Total Revenue per Form 990
$2,212,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,604,568
Salaries, Compensation, and Employee Benefits$750,463
Grants and Similar Amounts Paid$7,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$829,731
Other Salaries and Wages---$404,797
Current Officers, Directors, Trustees, and Key Employees---$212,000
Fees for Services Lobbying---$183,207
Travel---$129,165
Advertising---$85,622
Other Employee Benefits---$78,889
Fees for Services Accounting---$58,986
Occupancy---$57,611
Fees for Services Other---$56,165
Information Technology---$50,282
Payroll Taxes---$42,810
Office Expenses---$35,303
All Other Expenses---$29,964
Fees for Service Investment Mgmnt Fees---$21,553
Other Expenses---$12,746
Pension Plan Contributions---$11,967
Insurance---$9,466
Depreciation Depletion---$7,376
Grants to Domestic Individuals---$7,000
Fees for Services Legal---$1,301
Total Functional Expenses$0$0$0$2,362,031

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,362,031
Total Expenses per Audited Statements$2,362,031
Total Expenses per Form 990$2,362,031
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$482,569
Current Year Nondeductible Lobbying and Political Cost$183,207
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association has one class of voting membership, which is the active member class. Active membership is available to any law firm engaged in the active practice of representing creditors in the area of retail collection law who satisfy certain qualifications defined in NARCAs bylaws. In addition, NARCA has four non-voting membership Classes, which are associate membership, vendor membership, honorary membership, and law student membership.

Form 990, Part VI, Section A, Line 7A

The active members at the annual business meeting shall elect directors and officers whose terms are due to expire. Each active member shall have one vote which shall be cast by one representative of the law firm by written ballot in person, mailed, faxed or delivered to teh Associations headquarters. Proxy voting shall not be permitted. A quorum shall be established at the annual business meeting if fifty members or ten percent of the active membership, whichever is less, are present in person.

Form 990, Part VI, Section A, Line 7B

NARCAs bylaws may be amended by the active membership by a vote of two-thirds of the active members voting. The bylaws may also be amended by a majority vote of the Board of Directors, subject to the approval of the active membership by majority vote at the next annual meeting or special meeting called for that purpose.

Form 990, Part VI, Section B, Line 11

A copy of the Form 990 is reviewed by the Executive Director. A copy is also provided to the Board of Directors and Finance Committee for review prior to filing.

Form 990, Part VI, Section B, Line 12C

When any interest on the part of a NARCA fiduciary poses a possible conflict of interest with NARCA, the fiduciary shall 1 promptly disclose the conflict to the attention of the Executive Director and the Board of Governors of NARCA. Such notice shall be in writing and detail the possible conflict that exists. and 2 Abstain from voting on such matters relating to the conflict. The official minutes of any meeting at which such disclosure conflict was made or discussed shall reflect said disclosure and that the fiduciary abstain from voting on the member.

Form 990, Part VI, Section B, Line 15A

There is an informal compensation committee currently made up of the President and several officers of the association who utilize the ASAE complensation survey as a guide in determining the compensation of the Executive Director.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
NARCA Inc
EIN
43-1654633
Phone
2028610706
Address
601 Pennsylvania Ave NW Room 900, Washington, DC 20004

Signing Officer

Name
Mark Dobosz
Title
Executive Director
Signed
2018-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Dobosz
Formed
1993
Legal Domicile
Dc
Voting Board Members
16
Independent Board Members
16
Employees
11

Preparer

Firm
Jain Accounting and Tax Services LLC
Address
11710 Plaza America Drive Suite 200, Reston, VA 20190
Preparer
Sonia Reynolds
Phone
7038808402
Supplemental Narrative

Financial Statement Notes

X 2

In June 2006, the Financial Accounting Standards Board FASB released FASB ASC 740-10, Income taxes, that provides guidance for reporting uncertainty in income taxes. For the year ended December 31, 2017, NARCA has documented its consideration of FASB ASC 740-10 and determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements. The federal form 990, is subject to examination by the IRS generally for three years after it is filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt13Board
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board
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IRS990/OtherExpensesGrp/Desc0Bank Service / Credit Card / Payroll Fees
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IRS990/PrincipalOfficerNm0Mark Dobosz
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IRS990/ProgramServiceRevenueGrp/Desc2Workshops/Online
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt0134189
IRS990ScheduleD/RevenueSubtotalAmt02212928
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In June 2006, the Financial Accounting Standards Board FASB released FASB ASC 740-10, Income taxes, that provides guidance for reporting uncertainty in income taxes. For the year ended December 31, 2017, NARCA has documented its consideration of FASB ASC 740-10 and determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements. The federal form 990, is subject to examination by the IRS generally for three years after it is filed.
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Each year, high school seniors and college students related to a member of NARCA are able to compete for the annual scholarship award by submitting an essay that addresses a selected current issue in the financial services industry. The first place winner of the competition receives 5,000 and 3 runner-ups are awarded 500-1,000 each.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III Line 1
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mark Dobosz
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The association has one class of voting membership, which is the active member class. Active membership is available to any law firm engaged in the active practice of representing creditors in the area of retail collection law who satisfy certain qualifications defined in NARCAs bylaws. In addition, NARCA has four non-voting membership Classes, which are associate membership, vendor membership, honorary membership, and law student membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The active members at the annual business meeting shall elect directors and officers whose terms are due to expire. Each active member shall have one vote which shall be cast by one representative of the law firm by written ballot in person, mailed, faxed or delivered to teh Associations headquarters. Proxy voting shall not be permitted. A quorum shall be established at the annual business meeting if fifty members or ten percent of the active membership, whichever is less, are present in person.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NARCAs bylaws may be amended by the active membership by a vote of two-thirds of the active members voting. The bylaws may also be amended by a majority vote of the Board of Directors, subject to the approval of the active membership by majority vote at the next annual meeting or special meeting called for that purpose.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the Form 990 is reviewed by the Executive Director. A copy is also provided to the Board of Directors and Finance Committee for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4When any interest on the part of a NARCA fiduciary poses a possible conflict of interest with NARCA, the fiduciary shall 1 promptly disclose the conflict to the attention of the Executive Director and the Board of Governors of NARCA. Such notice shall be in writing and detail the possible conflict that exists. and 2 Abstain from voting on such matters relating to the conflict. The official minutes of any meeting at which such disclosure conflict was made or discussed shall reflect said disclosure and that the fiduciary abstain from voting on the member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5There is an informal compensation committee currently made up of the President and several officers of the association who utilize the ASAE complensation survey as a guide in determining the compensation of the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The governing documents, conflict of interest policy, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.33$0.77$2.57$2.26$2.20$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.77$2.43$2.22$2.22$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$1.08$2.28$2.58$2.08$0.50
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$0.80$1.96$2.14$1.76$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.94$1.51$1.06$1.51$0.45
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.48$1.96$2.43$2.40$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.63$1.81$2.29$2.30$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.42$0.46$1.96$2.21$2.36$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.31$1.97$2.17$2.49$0.33
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.28$2.18$2.05$2.15$0.09
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.27$2.31$2.37$2.56$0.19
2013Detailed filing. Detailed filing data is available for this year.$2.70$0.20$2.50$2.41$2.30$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.32$2.37$2.03
2011Summary only. Only limited summary data is available for this year.$2.33$0.27$2.06$2.42$2.34$0.09
2010Summary only. Only limited summary data is available for this year.$2.31$0.39$1.92$2.02$1.76$0.26