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Nonprofiteer
← AMERICAN GEM TRADE ASSOCIATION INC

Form 990 for tax year 2024

Filed by AMERICAN GEM TRADE ASSOCIATION INC.

Totals

Total revenue
$5,832,621
Total expenses
$5,671,623
Contributions and grants received
$62,000
Grants paid
$34,350
Program service revenue
$5,600,158
Investment income
$137,749
Other revenue
$32,714
Total assets, end of year
$5,527,688
Total liabilities, end of year
$4,571,065
Net assets or fund balances, end of year
$956,623
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

    $62,000

  • 2a · Program service revenue: TRADE SHOWS REVENUE

    total $4,660,651 · related or exempt $4,660,651

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $482,834 · related or exempt $482,834

  • 2c · Program service revenue: ADVERTISING-SHOW DIRECTORY

    total $189,660 · unrelated business $189,660

  • 2d · Program service revenue: ADVERTISING - PRISM

    total $107,727 · related or exempt $14,879 · unrelated business $92,848

  • 2e · Program service revenue: ENTRY FEES

    total $98,271 · related or exempt $98,271

  • 2f · All other program service revenue

    total $61,015 · related or exempt $61,015

  • 3 · Investment income

    total $137,749 · excluded $137,749

  • 11a · Other revenue: INSURANCE REIMBURSEMENT

    total $23,280 · excluded $23,280

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $9,434 · excluded $9,434

  • 11e · Other revenue, total

    $32,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,350

  • 5 · Compensation of officers, directors and key employees

    total $257,318

  • 7 · Other salaries and wages

    total $544,929

  • 8 · Pension plan contributions

    total $18,420

  • 9 · Other employee benefits

    total $87,000

  • 10 · Payroll taxes

    total $52,629

  • 11b · Fees: legal

    total $167,399

  • 11c · Fees: accounting

    total $63,130

  • 11f · Fees: investment management

    total $10,101

  • 11g · Fees: other

    total $826,463

  • 12 · Advertising and promotion

    total $178,860

  • 13 · Office expenses

    total $275,733

  • 14 · Information technology

    total $67,580

  • 16 · Occupancy

    total $86,583

  • 17 · Travel

    total $82,992

  • 19 · Conferences, conventions and meetings

    total $2,674,867

  • 22 · Depreciation, depletion and amortization

    total $8,919

  • 23 · Insurance

    total $54,647

  • 24a · Other expenses: READERSHIP COSTS

    total $99,950

  • 24b · Other expenses: PUBLICATIONS

    total $53,690

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $18,322

  • 24d · Other expenses: MEMBERSHIP

    total $2,091

  • 24e · All other expenses

    total $5,650

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,815 · end of year $704

  • 2 · Savings and temporary cash investments

    beginning of year $1,481,094 · end of year $998,947

  • 4 · Accounts receivable

    beginning of year $13,542 · end of year $8,842

  • 8 · Inventories for sale or use

    beginning of year $3,849 · end of year $3,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $981,567 · end of year $896,925

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

    $398,969

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

    $279,364

  • 10c · Land, buildings and equipment, net

    beginning of year $105,746 · end of year $119,605

  • 11 · Investments: publicly traded securities

    beginning of year $2,799,777 · end of year $3,110,962

  • 15 · Other assets

    beginning of year $422,414 · end of year $387,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $183,558 · end of year $102,535

  • 19 · Deferred revenue

    beginning of year $4,378,608 · end of year $3,992,883

  • 25 · Other liabilities

    beginning of year $458,013 · end of year $475,647

  • 27 · Net assets without donor restrictions

    beginning of year $795,625 · end of year $956,623

Mission and programs · 2024

Mission

THE AMERICAN GEM TRADE ASSOCIATION (AGTA) IS AN ASSOCIATION OF UNITED STATES AND CANADIAN TRADE PROFESSIONALS DEDICATED TO PROMOTING THE LONG TERM STABILITY AND INTEGRITY OF THE NATURAL COLORED GEMSTONE AND CULTERED PEARL INDUSTRIES. THE ASSOCIATION PURSUES ITS GOALS THROUGH THE COMBINED USE OF EDUCATIONAL PROGRAMS, PUBLICITY, INDUSTRY EVENTS, GOVERNMENT AND INDUSTRY RELATIONS, AND PRINTED MATERIALS FOR BOTH THE TRADE AND CONSUMER. THE AGTA IS WELL-KNOWN IN THE GEMSTONE AND JEWELERY INDUSTRIES FOR MAINTAINING THE HIGHEST ETHICAL STANDARDS AND IS RECOGNIZED AS THE AUTHORITATIVE SOURCE ON NATURAL COLORED GEMSTONES AND CULTERED PEARLS.

Activities or mission (Part I)

THE MISSION OF THE AGTA IS TO REPRESENT AND FURTHER THE INTERESTS OF THE COLORED GEMSTONE INDUSTRY IN THE U.S. AND CANADA. IT REPRESENTS INDEPENDENT COLORED GEMSTONE SUPPLIERS, MANUFACTURERS, DESIGNERS, AND RETAILERS FOR THE PURPOSE OF PROMOTING NATURALLY OCCURING GEMSTONES.

  • AMERICAN GEM TRADE ASSOCIATION HOSTS MORE THAN A 1,000 MEMBERS COMMITTED TO ENHANCING AND PROTECTING ALL ASPECTS OF THE COLORED GEM STONE AND CULTURED PEARL INDUSTRY. THE ASSOCIATION LEADS THE INDUSTRY IN THE DEVELOPMENT AND MAINTENANCE OF STANDARDS OF DISCLOSURE, TRANSPARENCY AND ETHICAL PRACTICES. TO PROMOTE THE INDUSTRY, IN 2024 IT PRODUCED TWO TRADE SHOWS IN ADDITION TO HOSTING THE SPECTRUM AWARDS. THE SPECTRUM AWARDS IS THE BENCHMARK FOR DESIGN EXCELLENCE IN THE WORLD OF COLORED GEMSTONES AND CULTURED PEARLS WHERE WINNERS SET THE STANDARDS FOR BEAUTY AND INNOVATION, LAUNCH TRENDS AND EARN WORLD WIDE RECOGNITION. EACH WEEK AN "E" NEWSLETTER IS DISTRIBUTED IN ADDITION TO A PRINT PUBLICATION PRODUCED THREE TIMES DURING 2024 FEATURING ARTICLES RELATED TO THE GEM INDUSTRY AND SHOWCASING THE WINNERS IN THE ANNUAL SPECTRUM AWARDS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John W Ford Sr

    CEO

    Total calculated
    $257,318
    From this org
    $242,825
    From related orgs
    $0
    Other
    $14,493
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,825
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $14,493
    Filer's total
    $257,318

  • Kimberly Collins

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ann Barker

    TREAS/DIRECT

    Total calculated
    $0
    Hours/week
    1

  • Rohan Agrawal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Bradshaw

    DIRECTOR/SEC

    Total calculated
    $0
    Hours/week
    1

  • Jaimeen Shah

    DIRECTOR/2ND

    Total calculated
    $0
    Hours/week
    1

  • Dudley Blauwet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Hopkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Yen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ruben Bindra

    PAST PRES

    Total calculated
    $0
    Hours/week
    1

  • Bruce Bridges

    1ST VP/DIREC

    Total calculated
    $0
    Hours/week
    1

  • Malinda Daniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan J Gad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ravi Jajoo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eshvar Kotahwala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Renee Marcusson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Rahmanan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly A Petersen

    DIR TRADE SH

    Total calculated
    $116,461
    From this org
    $116,461
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.0
Source object
202502799349301225

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