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Nonprofiteer
← INDIAN DIAMOND & COLORSTONE ASSOC INC

Form 990 for tax year 2022

Filed by INDIAN DIAMOND & COLORSTONE ASSOC INC.

Totals

Total revenue
$428,648
Total expenses
$436,536
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$427,680
Investment income
$968
Other revenue
$0
Total assets, end of year
$431,826
Total liabilities, end of year
$53,567
Net assets or fund balances, end of year
$378,259
Program services expenses (Part IX)
$318,060
Management and general expenses
$118,476
Fundraising expenses
$0
Program service expenses (Part III)
$318,060

Program services were 72.9% 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.

  • 2a · Program service revenue: TRADE SHOWS

    total $322,117 · excluded $322,117

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $89,800 · excluded $89,800

  • 2c · Program service revenue: CONSULATE EVENT

    total $13,763 · excluded $13,763

  • 2d · Program service revenue: MEMBER DIRECTORY PRINT

    total $2,000 · excluded $2,000

  • 3 · Investment income

    total $968 · excluded $968

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $45,500 · management and general $45,500

  • 10 · Payroll taxes

    total $3,728 · management and general $3,728

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 13 · Office expenses

    total $6,093 · management and general $6,093

  • 16 · Occupancy

    total $16,250 · management and general $16,250

  • 18 · Travel or entertainment for public officials

    total $3,345 · management and general $3,345

  • 22 · Depreciation, depletion and amortization

    total $85 · management and general $85

  • 23 · Insurance

    total $6,103 · management and general $6,103

  • 24a · Other expenses: TRADE SHOWS

    total $283,896 · program services $283,896

  • 24b · Other expenses: EVENT SPONSOR

    total $26,664 · program services $26,664

  • 24c · Other expenses: CONTRIBUTIONS

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

  • 24d · Other expenses: DIRECTORY PRINTING AND

    total $7,500 · program services $7,500

  • 24e · All other expenses

    total $9,372 · management and general $9,372

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $416,493 · end of year $133,365

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,202 · end of year $1,668

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

    $19,804

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

    $19,627

  • 10c · Land, buildings and equipment, net

    beginning of year $262 · end of year $177

  • 12 · Investments: other securities

    beginning of year $0 · end of year $296,616

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,628 · end of year $4,867

  • 19 · Deferred revenue

    beginning of year $19,400 · end of year $48,700

  • 27 · Net assets without donor restrictions

    beginning of year $385,929 · end of year $378,259

Mission and programs · 2022

Mission

MAKE MEMBERS AWARE OF CURRENT TRENDS, DEVELOPMENTS AND ISSUES FACING THE INDUSTRY.

  • TRADE SHOWS EXHIBITIONS

    Expenses $283,896 · Revenue $322,117

  • MEMBER DIRECTORY PRINTING

    Expenses $7,500 · Revenue $2,000

  • CONSULATE EVENT

    Expenses $26,664 · Revenue $13,763

As filed on the 2022 return.

Listed in Part VII

  • Navneet Chordia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Haridas Kotahwala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Nimish Mehta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Aniket Parikh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Kailash Rawat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Akshat Sanghavi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Anshal Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jihan Vaghashiya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Shailesh Jhalani

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Vinit Jobanputra

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Manoj Bhandari

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Rutali Gandhi

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Vibhor Saraf

    JOINT SECRETARY

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
19 June 2023
IRS schema version
2022v5.0
Source object
202331789349301508

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