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Nonprofiteer
← AMERICAN GEM SOCIETY

Form 990 for tax year 2023

Filed by AMERICAN GEM SOCIETY.

Totals

Total revenue
$5,757,617
Total expenses
$5,374,925
Contributions and grants received
$1,382,420
Grants paid
$5,617
Program service revenue
$2,464,768
Investment income
$1,045,516
Other revenue
$864,913
Total assets, end of year
$25,863,345
Total liabilities, end of year
$949,631
Net assets or fund balances, end of year
$24,913,714
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $1,382,420

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,701,025 · related or exempt $1,701,025

  • 2b · Program service revenue: MEMBER EVENT REGISTRATIONS

    total $685,582 · related or exempt $685,582

  • 2c · Program service revenue: COURSE AND EXAM FEES

    total $78,161 · related or exempt $78,161

  • 3 · Investment income

    total $1,000,430 · excluded $1,000,430

  • 6a · Gross rents

    real property $199,980

  • 6c · Rental income or loss

    real property $199,980

  • 6d · Net rental income or loss

    total $199,980 · excluded $199,980

  • 7a · Gross sales of assets other than inventory

    securities $14,169,482 · other assets $1,883

  • 7b · Less cost or other basis and sales expenses

    securities $14,120,139 · other assets $6,140

  • 7c · Gain or loss

    securities $49,343 · other assets -$4,257

  • 7d · Net gain or loss

    total $45,086 · excluded $45,086

  • 11a · Other revenue: AFFINITY CARD

    total $584,970 · excluded $584,970

  • 11b · Other revenue: ADVERTISING

    total $44,540 · unrelated business $44,540

  • 11c · Other revenue: MEMBER KITS

    total $35,423 · unrelated business $35,423

  • 11e · Other revenue, total

    $664,933

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,617

  • 5 · Compensation of officers, directors and key employees

    total $575,075

  • 7 · Other salaries and wages

    total $1,377,621

  • 8 · Pension plan contributions

    total $15,847

  • 9 · Other employee benefits

    total $91,480

  • 10 · Payroll taxes

    total $126,612

  • 11b · Fees: legal

    total $30,246

  • 11c · Fees: accounting

    total $42,600

  • 11g · Fees: other

    total $975,307

  • 12 · Advertising and promotion

    total $380,063

  • 13 · Office expenses

    total $178,984

  • 16 · Occupancy

    total $222,964

  • 17 · Travel

    total $60,411

  • 19 · Conferences, conventions and meetings

    total $847,110

  • 22 · Depreciation, depletion and amortization

    total $217,088

  • 23 · Insurance

    total $53,048

  • 24a · Other expenses: OTHER

    total $122,870

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $37,019

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $14,963

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,214,895 · end of year $1,175,796

  • 2 · Savings and temporary cash investments

    beginning of year $9,216 · end of year $22,803

  • 4 · Accounts receivable

    beginning of year $198,745 · end of year $187,675

  • 9 · Prepaid expenses and deferred charges

    beginning of year $340,988 · end of year $249,481

  • 10a · Land, buildings and equipment: cost or other basis

    $6,171,996

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,445,896

  • 10c · Land, buildings and equipment, net

    beginning of year $2,669,467 · end of year $2,726,100

  • 11 · Investments: publicly traded securities

    beginning of year $19,660,825 · end of year $21,003,269

  • 14 · Intangible assets

    beginning of year $194,825 · end of year $186,775

  • 15 · Other assets

    beginning of year $233,593 · end of year $311,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $403,895 · end of year $607,506

  • 19 · Deferred revenue

    beginning of year $295,498 · end of year $222,861

  • 25 · Other liabilities

    beginning of year $46,513 · end of year $119,264

  • 27 · Net assets without donor restrictions

    beginning of year $18,016,291 · end of year $19,089,137

  • 28 · Net assets with donor restrictions

    beginning of year $5,760,357 · end of year $5,824,577

Mission and programs · 2023

Mission

DEDICATED TO CONSUMER PROTECTION, ETHICAL BUSINESS STANDARDS, AND THE DEVELOPMENT OF THE HIGHEST GEMOLOGICAL SKILL, KNOWLEDGE, AND GRADING STANDARDS OF ITS MEMBERSHIP AND CUSTOMERS.

  • MEMBERSHIP MAINTAINS THE PROCESSES AND STANDARDS OUTLINED IN THE AGS MEMBERSHIP MANUAL, MEMBER JOURNEY, AND MEMBERSHIP BENEFIT PROGRAMS.

  • AGS DEVELOPS EDUCATIONAL CONTENT FOR OUR MEMBERSHIP, WHICH THEY CAN USE TO EDUCATE CONSUMERS IN THEIR RESPECTIVE COMMUNITIES, RESULTING IN ENHANCED KNOWLEDGE AND APPRECIATION FOR THEIR PURCHASE AND A DEEPER UNDERSTANDING OF THE JEWELRY INDUSTRY. APPROXIMATELY 700 MEMBERS ATTEND THE ANNUAL EDUCATIONAL CONFERENCE, AND 2,000 COMPLETE EDUCATIONAL COURSES AND PROGRAMS.

As filed on the 2023 return.

Listed in Part VII

  • Katherine Bodoh

    CEO

    Total calculated
    $341,571
    From this org
    $317,945
    From related orgs
    $0
    Other
    $23,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,472
    Bonus
    $71,473
    Other
    not reported
    Deferred
    $14,429
    Nontaxable benefits
    $9,197
    Filer's total
    $341,571
  • Janice Brooks

    CFO

    Total calculated
    $287,824
    From this org
    $266,397
    From related orgs
    $0
    Other
    $21,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,780
    Bonus
    $57,617
    Other
    not reported
    Deferred
    $13,428
    Nontaxable benefits
    $7,999
    Filer's total
    $287,824
  • Donna Jolly

    MARKETING DI

    Total calculated
    $141,249
    From this org
    $127,648
    From related orgs
    $0
    Other
    $13,601
    Hours/week
    40
  • Lauren Johansen

    MEMBERSHIP D

    Total calculated
    $125,706
    From this org
    $112,651
    From related orgs
    $0
    Other
    $13,055
    Hours/week
    40
  • Wade Abel

    EDUCATION DI

    Total calculated
    $119,821
    From this org
    $105,584
    From related orgs
    $0
    Other
    $14,237
    Hours/week
    40
  • Denise Manfra

    HR DIRECTOR

    Total calculated
    $116,828
    From this org
    $104,484
    From related orgs
    $0
    Other
    $12,344
    Hours/week
    40
  • Alexis Padis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Bryan Moeller

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    2
  • Mitchell Clark

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Sumit Dangi

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Lisa Bridge

    PRESIDENT TH

    Total calculated
    $0
    Hours/week
    2
  • William Farmer Jr

    SENIOR ADVIS

    Total calculated
    $0
    Hours/week
    2
  • Amanda Coleman-Phelps

    CHAIR: INT'L

    Total calculated
    $0
    Hours/week
    2
  • Brad Hampton

    DIRECTOR-AT-

    Total calculated
    $0
    Hours/week
    2
  • Dave Bindra

    CHAIR: YOUNG

    Total calculated
    $0
    Hours/week
    2
  • David Mazer

    DIRECTOR-AT-

    Total calculated
    $0
    Hours/week
    2
  • Denise Richards

    CHAIR: CONCL

    Total calculated
    $0
    Hours/week
    2
  • John Carter

    CHAIR: GEM S

    Total calculated
    $0
    Hours/week
    2
  • Kevin Mays

    CHAIR: EDUCA

    Total calculated
    $0
    Hours/week
    2
  • Larry Rickert

    DIRECTOR-AT-

    Total calculated
    $0
    Hours/week
    2
  • Maria Brown

    CH: YOUNG T

    Total calculated
    $0
    Hours/week
    2
  • Melissa Quick

    DIRECTOR-AT-

    Total calculated
    $0
    Hours/week
    2
  • Niveet Nagpal

    DIRECTOR-AT-

    Total calculated
    $0
    Hours/week
    2
  • Ryan Berg

    DIRECTOR-AT-

    Total calculated
    $0
    Hours/week
    2
  • Sarah Person

    CHAIR: MEMBE

    Total calculated
    $0
    Hours/week
    2
  • Sarin Bachmann

    DIRECTOR-AT-

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

  • INTERNATIONAL GUILDS AGS

    $5,617

    EDUCATION

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.

  • JEWELERS EDUCATION FOUNDATION

    501C3 · EDUCATION · NV · controlled entity

    Directly controlled by AGS

  • INTERNATIONAL GUILDS OF AGS

    501C6 · MEMBERSHIP · PA

Provenance

Return type
form_990
Tax year
2023
Filed
3 September 2025
IRS schema version
2023v6.0
Source object
202532769349301413

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