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← JEWELERS OF AMERICA INC

Form 990 for tax year 2022

Filed by JEWELERS OF AMERICA INC.

Totals

Total revenue
$5,341,295
Total expenses
$5,125,054
Contributions and grants received
$50,000
Grants paid
$21,743
Program service revenue
$1,712,394
Investment income
$2,965,229
Other revenue
$613,672
Total assets, end of year
$66,785,664
Total liabilities, end of year
$2,565,170
Net assets or fund balances, end of year
$64,220,494
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.

  • 1f · All other contributions, gifts and grants

    $50,000

  • 2a · Program service revenue: GEM AWARDS PROGRAM

    total $711,450 · related or exempt $711,450

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $656,059 · related or exempt $656,059

  • 2c · Program service revenue: SPONSORSHIP INCOME

    total $271,751 · unrelated business $25,800 · excluded $245,951

  • 2d · Program service revenue: EDUCATIONAL MATERIALS & PROGRAMS

    total $45,934 · related or exempt $45,934

  • 2e · Program service revenue: NEWSLETTERS

    total $27,200 · unrelated business $27,200

  • 3 · Investment income

    total $2,452,818 · excluded $2,452,818

  • 5 · Royalties

    total $439,065 · excluded $439,065

  • 7a · Gross sales of assets other than inventory

    securities $24,423,802

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

    securities $23,911,391

  • 7c · Gain or loss

    securities $512,411

  • 7d · Net gain or loss

    total $512,411 · excluded $512,411

  • 11a · Other revenue: MANAGEMENT FEES

    total $160,000 · excluded $160,000

  • 11d · All other revenue

    total $14,607 · excluded $14,607

  • 11e · Other revenue, total

    $174,607

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $21,743

  • 5 · Compensation of officers, directors and key employees

    total $880,107

  • 7 · Other salaries and wages

    total $1,291,102

  • 8 · Pension plan contributions

    total $99,756

  • 9 · Other employee benefits

    total $266,057

  • 10 · Payroll taxes

    total $145,491

  • 11b · Fees: legal

    total $14,796

  • 11c · Fees: accounting

    total $43,154

  • 11d · Fees: lobbying

    total $95,796

  • 11f · Fees: investment management

    total $191,886

  • 11g · Fees: other

    total $526,692

  • 12 · Advertising and promotion

    total $21,353

  • 13 · Office expenses

    total $311,468

  • 14 · Information technology

    total $137,862

  • 16 · Occupancy

    total $369,510

  • 17 · Travel

    total $102,704

  • 20 · Interest

    total $44,736

  • 22 · Depreciation, depletion and amortization

    total $32,633

  • 23 · Insurance

    total $44,605

  • 24a · Other expenses: GEM AWARDS PROGRAM

    total $383,443

  • 24b · Other expenses: INDUSTRY SUPPORT

    total $53,771

  • 24c · Other expenses: MEMBERSHIP DUES

    total $34,110

  • 24d · Other expenses: STAFF TRAINING

    total $12,279

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,085 · end of year $380,618

  • 2 · Savings and temporary cash investments

    beginning of year $545,669 · end of year $396,613

  • 4 · Accounts receivable

    beginning of year $843,590 · end of year $2,034,198

  • 8 · Inventories for sale or use

    end of year $5,006

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,989 · end of year $197,530

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

    $1,018,081

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

    $923,360

  • 10c · Land, buildings and equipment, net

    beginning of year $87,926 · end of year $94,721

  • 11 · Investments: publicly traded securities

    beginning of year $38,101,019 · end of year $39,335,584

  • 12 · Investments: other securities

    beginning of year $21,926,666 · end of year $22,374,391

  • 15 · Other assets

    beginning of year $1,985,064 · end of year $1,967,003

  • 17 · Accounts payable and accrued expenses

    beginning of year $624,870 · end of year $586,326

  • 19 · Deferred revenue

    beginning of year $329,784 · end of year $442,799

  • 23 · Secured mortgages and notes payable

    beginning of year $1,500,000

  • 25 · Other liabilities

    beginning of year $356,938 · end of year $1,536,045

  • 27 · Net assets without donor restrictions

    beginning of year $60,893,416 · end of year $64,167,394

  • 28 · Net assets with donor restrictions

    beginning of year $25,000 · end of year $53,100

Mission and programs · 2022

Mission

JEWELERS OF AMERICA IS THE NATIONAL TRADE ASSOCIATION FOR BUSINESSES SERVING THE FINE JEWELRY MARKETPLACE. THE ASSOCIATION'S PRIMARY PURPOSE IS TO PROMOTE CONSUMER CONFIDENCE IN THE JEWELRY INDUSTRY.

Activities or mission (Part I)

TO PROMOTE CONSUMER CONFIDENCE IN THE JEWELRY INDUSTRY.

  • ADVOCACY:SINCE 1906, JEWELERS OF AMERICA, INC. (JA) HAS BEEN ADVANCING THE FINE JEWELRY INDUSTRY THROUGH ADVOCACY IN PUBLIC, GOVERNMENT, AND INDUSTRY AFFAIRS; AND HAS BEEN THE LEADER IN THE DEVELOPMENT OF HIGH ETHICAL, SOCIAL, AND ENVIRONMENTAL STANDARDS AMONG THE RETAIL JEWELRY TRADE. THE ASSOCIATION REPRESENTS ITS MEMBERS AND THE FINE JEWELRY INDUSTRY, IN WASHINGTON, D.C. AS WELL AS ON INTERNATIONAL PLATFORMS. JA KEEPS MEMBERS INFORMED WITH TOOLS AND GUIDANCE ON ISSUES THAT COULD AFFECT THE JEWELRY INDUSTRY.IN 2023 JA MADE SIGNIFICANT STRIDES TO SUPPORT THE JEWELRY INDUSTRY BETTER. JA CONTINUED THE 20 UNDER 40 PROGRAM, RECOGNIZING YOUNG RETAIL PROFESSIONALS WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO THE FINE JEWELRY WORLD. JA PROVIDED A PLATFORM WHERE A SUCCESSFUL YOUNG PROFESSIONAL CAN SHARE THEIR KNOWLEDGE AND INSIGHT WITH INDUSTRY MEMBERS AT SHOWS AND VARIOUS ONLINE SEMINARS.JA LED A DELEGATION OF MEMBERS AND INDUSTRY REPRESENTATIVES TO CAPITOL HILL AND MET WITH REPRESENTATIVES OF THE GOVERNMENT WHO EFFECTUATE CHANGE THAT IS BENEFICIAL TO THE INDUSTRY. JA SUCCESSFULLY HOSTED ITS AWARD SHOW, GEM AWARDS, WHICH BRINGS TOGETHER HUNDREDS OF PROFESSIONALS TO CELEBRATE THE JEWELRY INDUSTRY AND HONOR THOSE THAT HAVE MADE SIGNIFICANT CONTRIBUTIONS.

  • MEMBER BENEFITS:IN ADDITION TO ADVOCACY, JEWELERS OF AMERICA, OFFERS MEMBERS BENEFITS INCLUDING BUSINESS RESOURCES, MARKETING TOOLS, DISCOUNT PROGRAMS, EDUCATION SCHOLARSHIPS, AND CERTIFICATION OPPORTUNITIES. THE MEMBER BENEFITS, ACCESSIBLE THROUGH THE ASSOCIATION'S WEBSITE, WWW.JEWELERS.ORG, HELP MEMBERS SAVE MONEY, IMPROVE OPERATIONS AND BUILD BUSINESS.IN 2023 JA MAINTAINED ITS BENEFIT PROGRAM PLATFORM THAT ALLOWS CUSTOMERS TO DIGITALLY COMMUNICATE WITH MEMBERS, INCLUDING SENDING IMAGES AND TRANSACTIONS FROM THEIR BUSINESS PHONE NUMBERS.

  • EDUCATION:JEWELERS OF AMERICA WORKS HARD TO EDUCATE CONSUMERS ABOUT FINE JEWELRY AND WORKS ON BEHALF OF THE ENTIRE INDUSTRY TO PROMOTE AND CREATE DEMAND FOR FINE JEWELRY AND WATCHES. THROUGH THE USE OF PUBLIC RELATIONS, MARKETING, SOCIAL MEDIA, AND A CONTENT-RICH WEBSITE, JEWELERS OF AMERICA COMMUNICATES WITH CONSUMERS ABOUT FINE JEWELRY GIFT GIVING, TRENDS, SAVVY SHOPPING TIPS, AND THE IMPORTANCE OF SHOPPING WITH A JEWELERS OF AMERICA-MEMBER STORE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Coleman Clark

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Rosenheim

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1
  • Steve Padis

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Elise Greenberg

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Karen Goracke

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Steve Velasquez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Robert F Moeller II

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Joseph Corey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chad Berg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sherry Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Edward Dikes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeffery Bolling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kim Crawford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Krystel Craycraft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lawrence Bock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lenny Kramer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hunter McGrath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert Marks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Constance Polamalu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Valerie Madison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sue Hopeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Stan Razny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tobey Ritchie

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tonia Ulsh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Julie Keeney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Craig Rottenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Holly Wesche

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chuck Kuba

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Bonaparte

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $614,577
    From this org
    $555,734
    From related orgs
    $0
    Other
    $58,843
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $424,156
    Bonus
    $105,000
    Other
    $26,578
    Deferred
    $17,039
    Nontaxable benefits
    $41,804
    Filer's total
    $614,577
  • Hugue-Annie Doresca

    CHIEF FINANCIAL OFFICER

    Total calculated
    $266,190
    From this org
    $256,150
    From related orgs
    $0
    Other
    $10,040
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $226,150
    Bonus
    $30,000
    Other
    $0
    Deferred
    $5,233
    Nontaxable benefits
    $4,807
    Filer's total
    $266,190
  • Regina Ciarleglio

    DIRECTOR OF MEMBERSHIP & S

    Total calculated
    $150,229
    From this org
    $129,601
    From related orgs
    $0
    Other
    $20,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,601
    Bonus
    $10,000
    Other
    $0
    Deferred
    $7,971
    Nontaxable benefits
    $12,657
    Filer's total
    $150,229
  • Molly Fallon

    DIRECTOR OF MARKETING & CO

    Total calculated
    $188,824
    From this org
    $143,640
    From related orgs
    $0
    Other
    $45,184
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,465
    Bonus
    $7,175
    Other
    $0
    Deferred
    $9,100
    Nontaxable benefits
    $36,084
    Filer's total
    $188,824
  • Amanda Gizzi

    DIRECTOR OF PUBLIC RELATIO

    Total calculated
    $178,748
    From this org
    $134,904
    From related orgs
    $0
    Other
    $43,844
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,181
    Bonus
    $6,723
    Other
    $0
    Deferred
    $7,833
    Nontaxable benefits
    $36,011
    Filer's total
    $178,748
  • Byron Barton

    CONTROLLER

    Total calculated
    $154,324
    From this org
    $139,398
    From related orgs
    $0
    Other
    $14,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,343
    Bonus
    $10,055
    Other
    $0
    Deferred
    $8,406
    Nontaxable benefits
    $6,520
    Filer's total
    $154,324
  • Susan Posnock

    DIRECTOR OF PUBLIC AFFAIRS

    Total calculated
    $144,613
    From this org
    $112,042
    From related orgs
    $0
    Other
    $32,571
    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 · Compensation survey or study
  • 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

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.

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.

  • JNETCOM INC (DBA NATIONAL JEWELER)

    C · PROVIDES JEWELRY INDUSTRY WITH INTERNET WEBSITES · DE · 90% owned · share of income $1,089,708 · share of assets $241,379 · controlled entity

    Directly controlled by JEWELERS OF AMERICA INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202442289349301994

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