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← GIA HOLDINGS INC

Form 990 for tax year 2023

Filed by GIA HOLDINGS INC.

Totals

Total revenue
$60,741,875
Total expenses
$10,295,260
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$60,741,875
Other revenue
$0
Total assets, end of year
$23,585,605
Total liabilities, end of year
$1,220,247
Net assets or fund balances, end of year
$22,365,358
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $60,741,875 · related or exempt $60,741,838 · excluded $37

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $500

  • 24a · Other expenses: WITHHOLDING TAX EXPENSE

    total $10,294,760

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,359 · end of year $10,470

  • 2 · Savings and temporary cash investments

    beginning of year $7,118 · end of year $7,119

  • 15 · Other assets

    beginning of year $23,568,016 · end of year $23,568,016

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,220,247

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,000 · end of year $1,000

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $23,597,276 · end of year $23,597,276

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$21,783 · end of year -$1,232,918

Mission and programs · 2023

Mission

TITLE HOLDING COMPANY FOR TAX-EXEMPT PARENT.

  • THE SPECIFIC AND SOLE ACTIVITIES OF THIS CORPORATION ARE TO (I) HOLD TITLE TO PROPERTY FOR ITS TAX-EXEMPT PARENT, GEMOLOGICAL INSTITUTE OF AMERICA, INC. ("GIA"), A NONPROFIT ORGANIZATION INCORPORATED UNDER THE LAWS OF CALIFORNIA, EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, (II) COLLECT THE INCOME FROM SUCH PROPERTY, AND (III) TURN OVER SUCH INCOME FROM THE PROPERTY TO GIA ON AN ANNUAL BASIS.

As filed on the 2023 return.

Listed in Part VII

  • Susan Jacques

    PRESIDENT & CEO

    Total calculated
    $1,012,955
    From this org
    $0
    From related orgs
    $949,279
    Other
    $63,676
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $682,568 related
    Bonus
    $0 + $262,100 related
    Other
    $0 + $4,611 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $33,676 related
    Filer's total
    $0 + $1,012,955 related

  • Thomas Moses

    DIRECTOR

    Total calculated
    $900,356
    From this org
    $0
    From related orgs
    $843,252
    Other
    $57,104
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,591 related
    Bonus
    $0 + $211,750 related
    Other
    $0 + $7,911 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $27,104 related
    Filer's total
    $0 + $900,356 related

  • David Tearle

    SECRETARY & CFO

    Total calculated
    $727,784
    From this org
    $0
    From related orgs
    $670,865
    Other
    $56,919
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $472,951 related
    Bonus
    $0 + $193,200 related
    Other
    $0 + $4,714 related
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $26,919 related
    Filer's total
    $0 + $727,784 related

  • Pritesh Patel

    DIRECTOR

    Total calculated
    $692,086
    From this org
    $0
    From related orgs
    $627,936
    Other
    $64,150
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $439,697 related
    Bonus
    $0 + $185,950 related
    Other
    $0 + $2,289 related
    Deferred
    $0 + $29,366 related
    Nontaxable benefits
    $0 + $34,784 related
    Filer's total
    $0 + $692,086 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

The filer's explanations (Part III)

PART I, LINE 3:
GIA HOLDINGS RELIES UPON THE EXECUTIVE COMMITTEE OF GIA (TAX-EXEMPT PARENT) TO ESTABLISH THE COMPENSATION OF ITS CEO. GIA HOLDINGS DOES NOT PAY ANY INDIVIDUALS DIRECTLY. FOR ADDITIONAL INFORMATION, SEE SCHEDULE O FOR PART VI, SECTION B, LINE 15.

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.

  • GEMOLOGICAL INSTITUTE OF AMERICA INC

    501(C)(3) · EDUCATIONAL SERVICES · CA

  • GIA ENGLAND

    EDUCATIONAL SERVICES · UK

    Directly controlled by GEMOLOGICAL INSTITUTE OF AMERICA INC

  • GIA (INTERNATIONAL) COMPANY LTD

    EDUCATIONAL SERVICES · TH

    Directly controlled by GEMOLOGICAL INSTITUTE OF AMERICA INC

  • GIA INDIA

    EDUCATIONAL SERVICES · IN · controlled entity

    Directly controlled by GIA HOLDINGS INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GIA INSTRUMENT (TAIWAN) CO

    C · EDUCATIONAL SERVICES · TW

  • GEMOLOGICAL RESEARCH (THAILAND) COMPANY LTD

    C · LIMITED LABORATORY SERVICE · TH

  • GIA HONG KONG LIMITED

    C · EDUCATIONAL SERVICES · HK

  • GIA BELGIUM NV

    C · LABORATORY AND RESEARCH SERVICES · BE · 15.28% owned · share of income $12,259 · share of assets $17,001

    Directly controlled by GEMOLOGICAL INSTITUTE OF AMERICA INC

  • GIA EDUCATION AND LABORATORY LIMITED

    C · EDUCATIONAL AND LABORATORY SERVICES · BC

  • GEMOLOGICAL INSTITUTE INTERNATIONAL INC

    C · EDUCATIONAL AND TRAINING SERVICES · CA

  • GIA INDIA LABORATORY PRIVATE LIMITED

    C · EDUCATIONAL AND LABORATORY SERVICES · IN · 99.54% owned · share of income $153,273,050 · share of assets $161,218,604 · controlled entity

    Directly controlled by GIA HOLDINGS INC

  • GIA EDUCATION AND LABORATORY (PTY) LTD

    C · EDUCATIONAL AND LABORATORY SERVICES · SF

  • GIA TOKYO GODO KAISHA

    C · LABORATORY SERVICES · JA

  • GIA HONG KONG LABORATORY LIMITED

    C · LABORATORY SERVICES · HK

  • GIA CHINA LIMITED

    C · MARKETING AND CONSULTING · CH

  • GIA EDUCATION AND LABORATORY PRIVATE LIMITED

    C · EDUCATIONAL AND LABORATORY SERVICES · IN · 99% owned · share of income $2 · share of assets $529 · controlled entity

    Directly controlled by GIA HOLDINGS INC

  • GIA LABORATORY SINGAPORE PTE LTD

    C · SUPPORT SERVICES · SN

  • GIA LABORATORY DMCC

    C · LABORATORY SERVICES · AE

  • GIA LABORATORY SERVICES UK LIMITED

    C · LABORATORY SERVICES · UK

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349311844

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