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Nonprofiteer
← RET AMERICAS INC

Form 990 for tax year 2023

Filed by RET AMERICAS INC.

Totals

Total revenue
$1,599,672
Total expenses
$1,617,968
Contributions and grants received
$1,599,672
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$108,703
Total liabilities, end of year
$144,807
Net assets or fund balances, end of year
-$36,104
Program services expenses (Part IX)
$1,524,171
Management and general expenses
$93,797
Fundraising expenses
$0
Program service expenses (Part III)
$1,524,171

Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,599,672

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $63,134 · program services $63,134

  • 10 · Payroll taxes

    total $13,889 · program services $13,889

  • 11b · Fees: legal

    total $419 · management and general $419

  • 11c · Fees: accounting

    total $25,000 · management and general $25,000

  • 11g · Fees: other

    total $60,000 · management and general $60,000

  • 13 · Office expenses

    total $15,887 · program services $9,517 · management and general $6,370

  • 16 · Occupancy

    total $65,272 · program services $65,272

  • 17 · Travel

    total $9,534 · program services $7,526 · management and general $2,008

  • 24a · Other expenses: OTHER EDUC. EXPENSES

    total $1,364,833 · program services $1,364,833

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $344,463 · end of year $55,422

  • 4 · Accounts receivable

    beginning of year $24,092 · end of year $7,483

  • 15 · Other assets

    beginning of year $21,631 · end of year $45,798

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,642 · end of year $62,398

  • 19 · Deferred revenue

    beginning of year $321,755 · end of year $56,812

  • 25 · Other liabilities

    beginning of year $25,597 · end of year $25,597

  • 27 · Net assets without donor restrictions

    beginning of year -$19,670 · end of year -$37,966

  • 28 · Net assets with donor restrictions

    beginning of year $1,862 · end of year $1,862

Mission and programs · 2023

Mission

RET AMERICAS' MISSION IS TO ALLEVIATE SUFFERING AND CATALYZE SUSTAINABLE DEVELOPMENT IN CRISIS, CONFLICTS, AND FRAGILE CONTEXTS. WE ENVISION A WORLD IN WHICH VULNERABLE YOUNG PEOPLE OVERCOME MULTIDIMENSIONAL ADVERSITIES AND ARE ENABLED TO LEAD THEIR JOURNEY TOWARDS REBUILDING MORE RESILIENT AND PEACEFUL COMMUNITIES.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • WE BELIEVE WE ARE AMONGST THE LEADING NGOS TO PROVIDE TAILOR-MADE SOLUTIONS AND RELEVANT PROGRAMS TO BRIDGE THE GAPS AND RESPOND TO THE REAL NEEDS AND CHALLENGES OF THE COMMUNITIES. OUR AIM IS TO PROVOKE SIGNIFICANT POSITIVE CHANGE, ENABLING PARTICULARLY VULNERABLE YOUTH AND YOUNG WOMEN TO TAKE CONTROL OF THEIR LIVES AND FULFILL THEIR SOCIAL AND ECONOMIC RIGHTS.RET FOCUSES PRIMARILY ON THE TWO PILLARS OF YOUTH AND WOMEN, AS THEY REPRESENT AMONG THE MOST VULNERABLE POPULATIONS DURING CRISES, AS WELL AS THE GREATEST VECTORS OF POSITIVE SOCIAL CHANGE.WE BELIEVE OUR HUMANITARIAN ACTIONS DURING EMERGENCIES, IN PROTRACTED CRISES, AND IN FRAGILE CONTEXTS CAN ALLEVIATE THE DEEPEST SUFFERINGS AND CAN BUILD PEOPLE'S RESILIENCE AND ENHANCE THEIR SELF-RELIANCE. WE STAND WITH PEOPLE, WITH REFUGEES, RETURNEES, MIGRANTS AND INTERNALLY DISPLACED PERSONS (IDP'S), ALONGSIDE THE HOST COMMUNITIES ADOPTING THE FUNDAMENTAL PRINCIPLES OF HUMANITY, IMPARTIALITY, NEUTRALITY, AND INDEPENDENCE.DURING THE 12 MONTHS ENDING 31 DECEMBER 2023, RET AMERICAS WAS ENGAGED IN THREE PROJECTS, ALL BASED IN PERU. THE LARGEST OF THESE PROJECTS, WHICH OPERATED THROUGHOUT THE 12 MONTHS OF 2023, WAS ADMINISTERED BY UNICEF WITH FUNDING PROVIDED BY "EDUCATION CANNOT WAIT" (ECW), A GLOBAL FUND INTENDED TO PROVIDE CHILDREN AND YOUTH IN ARMED CONFLICTS, FORCED DISPLACEMENT AND PROTRACTED CRISES WITH THE SAFETY, HOPE AND OPPORTUNITY OF AN EDUCATION. ECW PROJECTS ARE DESIGNED TO PROMOTE INCLUSIVE EDUCATION WITH EQUAL OPPORTUNITIES FOR MIGRANT AND REFUGEE CHILDREN, ADOLESCENTS AND HOST COMMUNITIES IN PERU. RET AMERICAS ALSO HAD ANOTHER PROJECT WITH A SIMILAR THEME THAT WAS FINANCED DIRECTLY BY UNICEF BASED IN TUMBES, PERU. THIS PROJECT WAS DESIGNED TO STRENGTHEN EDUCATIONAL INCLUSION AND LEARNING FOR MIGRANT AND REFUGEE GIRLS, BOYS AND ADOLESCENTS IN THE HOST COMMUNITIES IN TUMBES. IN ADDITION, RET AMERICAS ALSO HAD A SMALL PROJECT FINANCED BY THE INTERNATIONAL ORGANIZATION FOR MIGRATION, AN AGENCY OF THE UNITED NATIONS, TO DEVELOP TRAINING MATERIALS, WORK PLANS AND ACTIVITIES FOR USE IN WORKSHOPS DESIGNED TO ASSIST THE EDUCATION AND INTEGRATION OF MIGRANT COMMUNITIES.FOR MOST PROJECTS RET AMERICAS HAS 10 TO 20 EMPLOYEES BASED IN EACH PROJECT LOCATION, INCLUDING HIGHLY TRAINED STAFF FAMILIAR WITH THE COMPLEX AND DELICATE TASK OF WORKING WITH YOUTH WHO HAVE IN SOME CASES SUFFERED MULTIPLE TRAUMAS AS A RESULT OF CONFLICTS AND OTHER DISLOCATING FACTORS ENTIRELY OUTSIDE THEIR CONTROL. THE CRITICAL WORK OF THESE FIELD STAFF IS SUPPLEMENTED AS NECESSARY BY OTHER COMPANY SPECIALISTS BASED IN THE REGIONAL OFFICE IN PANAMA OR THE COMPANY'S HQ IN SWITZERLAND. THE COSTS ASSOCIATED WITH THESE PROGRAMS ARE THEREFORE PRIMARILY STAFF COSTS, EDUCATIONAL EXPENSES INCLUDING THE COSTS OF HIRING OUTSIDE CONSULTANTS AND TRAVEL COSTS.

    Expenses $1,524,171

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Zeynep G Gunduz

    CHAIRMAN, PRESIDENT & CEO

    Total calculated
    $369,893
    From this org
    $0
    From related orgs
    $369,893
    Other
    $0
    Hours/week
    1 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $369,893 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $369,893 related
  • James Russo

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Alan P Dye

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Anne-Shelton Aaron

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • R Mannaert

    V.P. & MANAGING DIRECTOR

    Total calculated
    $236,634
    From this org
    $0
    From related orgs
    $215,280
    Other
    $21,354
    Hours/week
    21 + 19 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,280 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,354 related
    Filer's total
    $0 + $236,634 related
  • M Muriithi Njagi

    CHIEF FINANCIAL OFFICER

    Total calculated
    $170,124
    From this org
    $0
    From related orgs
    $165,600
    Other
    $4,524
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,524 related
    Filer's total
    $0 + $170,124 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
RET AMERICAS, INC. RELIES ON A RELATED ORGANIZATION, RET INTERNATIONAL, TO DETERMINE COMPENSATION. THE RELATED ORGANIZATION USED THE FOLLOWING PROCEDURES TO DETERMINE COMPENSATION: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • RET INTERNATIONAL

    FOREIGN FOUNDATION · SEE PART VII. · SZ

  • RET GERMANY EV

    FOREIGN FOUNDATION · SEE PART VII. · GM

    Directly controlled by RET INTERNATIONAL

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349300945

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