Civic Intelligence

National Association of Retail Collection Attorneys

990 • Fiscal year 2015 • EIN 43-1654633

Jan 01, 2015 to Dec 31, 2015 • Filed on May 12, 2016

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

38th percentile

0.11x

Higher debt load relative to assets than 38% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

43rd percentile

0.14x

Higher debt load relative to revenue than 43% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

19th percentile

-4.5%

Higher net margin than 19% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

83rd percentile

$253,259

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

23rd percentile

-4.6%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-13%

Faster revenue growth than 11% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,463,544

Down $118,336 (-4.6%) from 2014

Net Assets

Down

$2,183,765

Down $127,469 (-5.5%) from 2014

Liabilities

Up

$279,779

Up $9,133 (+3.4%) from 2014

Revenue

Down

$2,054,959

Down $316,393 (-13%) from 2014

Expenses

Down

$2,147,344

Down $410,222 (-16%) from 2014

Net Income

Up

-$92,385

Up $93,829 (+50%) from 2014

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

2015

Assets$2,463,544
Liabilities$279,779
Net Assets$2,183,765

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

2015

Revenue$2,054,959
Expenses$2,147,344
Net Income-$92,385
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 12, 2016
Return Version
2015v2.1
Gross Receipts
$3,118,321
Mission and Program Overview

Mission

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

The National Creditors Bar Association NARCA 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$2,412,608$2,171,490▼ $241,118
Prepaid Expenses and Deferred Charges$66,371$160,301▲ $93,930
Cash and Non-Interest-Bearing Accounts$92,125$109,806▲ $17,681
Land, Buildings, and Equipment, Net$3,150$12,831▲ $9,681
Total Assets$2,581,880$2,463,544▼ $118,336
Other Assets Total$7,626$9,116▲ $1,490
Liabilities
Deferred Revenue$220,295$266,944▲ $46,649
Accounts Payable and Accrued Expenses$50,351$12,835▼ $37,516
Total Liabilities$270,646$279,779▲ $9,133
Net Assets / Fund Balance
Unrestricted Net Assets$2,311,234$2,183,765▼ $127,469
Total Net Assets Fund Balance$2,311,234$2,183,765▼ $127,469
Total Liabilities and Net Assets / Fund Balance$2,581,880$2,463,544▼ $118,336

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,831$10,415$30,217
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark DoboszExecutive DirectorFT$222,724$30,535$253,259

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,010,524
Investment Income
$39,207
Other Revenue
$5,228
Change in Net Assets
$-92,385

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,054,959
Revenue Not Reported on Form 990
$-35,084
Total Revenue per Audited Statements
$2,019,875
Total Revenue per Form 990
$2,054,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,424,033
Salaries, Compensation, and Employee Benefits$716,311
Grants and Similar Amounts Paid$7,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$790,326
Other Salaries and Wages---$378,524
Current Officers, Directors, Trustees, and Key Employees---$222,724
Travel---$131,268
Other Employee Benefits---$60,985
Fees for Services Other---$57,077
Fees for Services Accounting---$57,073
Fees for Services Lobbying---$52,052
Advertising---$51,654
All Other Expenses---$50,935
Occupancy---$43,809
Payroll Taxes---$42,198
Office Expenses---$40,413
Information Technology---$34,191
Fees for Service Investment Mgmnt Fees---$20,001
Fees for Services Legal---$13,160
Pension Plan Contributions---$11,880
Other Expenses---$10,211
Insurance---$9,520
Grants to Domestic Individuals---$7,000
Depreciation Depletion---$5,622
Total Functional Expenses$0$0$0$2,147,344

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,147,344
Total Expenses per Audited Statements$2,147,344
Total Expenses per Form 990$2,147,344
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$325,786
Current Year Nondeductible Lobbying and Political Cost$52,052
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
National Association of Retail Collection Attorneys
EIN
43-1654633
Phone
2028610706
Address
601 Pennsylvania Ave NW Room 900, Washington, DC 20004

Signing Officer

Name
Mark Dobosz
Title
Executive Director
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Dobosz
Formed
1993
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
15
Employees
14

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, 2015, 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/MissionDesc0The National Creditors Bar Association NARCA is a trade association dedicated to service law firms engaged in the practice of creditors rights law.
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IRS990/OtherExpensesGrp/Desc0Bank Service / Credit Card / Payroll Fees
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Outreach / Advocacy
IRS990/OtherExpensesGrp/Desc3Committee Operations
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt066371
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0160301
IRS990/PrincipalOfficerNm0Mark Dobosz
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/Desc0Conference/Seminars
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-92385
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-35084
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt0-35084
IRS990ScheduleD/RevenueSubtotalAmt02054959
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, 2015, 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X 2
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IRS990ScheduleD/TotalExpensesPerForm990Amt02147344
IRS990ScheduleD/TotalRevenuePerForm990Amt02054959
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02019875
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02147344
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
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 runner-ups are awarded 1,000 each.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III Line 1
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990/TotalAssetsBOYAmt02581880
IRS990/TotalAssetsEOYAmt02463544

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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
2015Detailed filing. Detailed filing data is available for this year.$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