Form 990 for tax year 2023
Filed by AMERICAN GEM TRADE ASSOCIATION INC.
Totals
- Total revenue
- $5,345,603
- Total expenses
- $5,455,733
- Contributions and grants received
- $21,400
- Grants paid
- $20,250
- Program service revenue
- $5,282,127
- Investment income
- $40,836
- Other revenue
- $1,240
- Total assets, end of year
- $5,815,804
- Total liabilities, end of year
- $5,020,179
- Net assets or fund balances, end of year
- $795,625
- 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.
-
1e · Government grants (contributions)
$700
-
1f · All other contributions, gifts and grants
$20,700
-
2a · Program service revenue: TRADE SHOWS REVENUE
total $4,608,502 · related or exempt $4,608,502
-
2b · Program service revenue: MEMBERSHIP DUES
total $420,296 · related or exempt $420,296
-
2c · Program service revenue: ENTRY FEES
total $100,795 · related or exempt $100,795
-
2d · Program service revenue: ADVERTISING - PRISM
total $94,259 · related or exempt $15,393 · unrelated business $78,866
-
2e · Program service revenue: ADVERTISING-SHOW DIRECTORY
total $42,900 · unrelated business $42,900
-
2f · All other program service revenue
total $15,375 · related or exempt $15,375
-
3 · Investment income
total $40,836 · excluded $40,836
-
10a · Gross sales of inventory
$75
-
10c · Net income from sales of inventory
total $75 · related or exempt $75
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $1,165 · excluded $1,165
-
11e · Other revenue, total
$1,165
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,250
-
5 · Compensation of officers, directors and key employees
total $361,011
-
7 · Other salaries and wages
total $459,923
-
8 · Pension plan contributions
total $15,729
-
9 · Other employee benefits
total $117,784
-
10 · Payroll taxes
total $60,930
-
11b · Fees: legal
total $81,419
-
11c · Fees: accounting
total $150,566
-
11f · Fees: investment management
total $4,107
-
11g · Fees: other
total $774,380
-
12 · Advertising and promotion
total $221,283
-
13 · Office expenses
total $238,519
-
14 · Information technology
total $69,220
-
16 · Occupancy
total $85,114
-
17 · Travel
total $122,018
-
19 · Conferences, conventions and meetings
total $2,427,742
-
22 · Depreciation, depletion and amortization
total $20,629
-
23 · Insurance
total $58,604
-
24a · Other expenses: READERSHIP COSTS
total $123,885
-
24b · Other expenses: MISCELLANEOUS
total $25,079
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $15,202
-
24d · Other expenses: MEMBERSHIP
total $2,253
-
24e · All other expenses
total $86
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $104,940 · end of year $7,815
-
2 · Savings and temporary cash investments
beginning of year $3,547,646 · end of year $1,481,094
-
4 · Accounts receivable
beginning of year $160,543 · end of year $13,542
-
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 $648,784 · end of year $981,567
-
10a · Land, buildings and equipment: cost or other basis
$404,251
-
10b · Land, buildings and equipment: accumulated depreciation
$298,505
-
10c · Land, buildings and equipment, net
beginning of year $44,259 · end of year $105,746
-
11 · Investments: publicly traded securities
end of year $2,799,777
-
15 · Other assets
beginning of year $474,180 · end of year $422,414
-
17 · Accounts payable and accrued expenses
beginning of year $101,643 · end of year $183,558
-
19 · Deferred revenue
beginning of year $3,466,244 · end of year $4,378,608
-
25 · Other liabilities
beginning of year $548,819 · end of year $458,013
-
27 · Net assets without donor restrictions
beginning of year $867,495 · end of year $795,625
Mission and programs · 2023
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 2023 IT PRODUCED THREE 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 2023 FEATURING ARTICLES RELATED TO THE GEM INDUSTRY AND SHOWCASING THE WINNERS IN THE ANNUAL SPECTRUM AWARDS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John W Ford SrJOHN W FORD SR
CEO
- Total calculated
- $247,216
- From this org
- $231,219
- From related orgs
- $0
- Other
- $15,997
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,219
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $15,997
- Filer's total
- $247,216
-
Kimberly CollinsKIMBERLY COLLINS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ann BarkerANN BARKER
TREAS/DIRECT
- Total calculated
- $0
- Hours/week
- 1
-
Rohan AgrawalROHAN AGRAWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BradshawJOHN BRADSHAW
DIRECTOR/SEC
- Total calculated
- $0
- Hours/week
- 1
-
Jaimeen ShahJAIMEEN SHAH
DIRECTOR/2ND
- Total calculated
- $0
- Hours/week
- 1
-
Dudley BlauwetDUDLEY BLAUWET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew HopkinsMATTHEW HOPKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric YenERIC YEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ruben BindraRUBEN BINDRA
PAST PRES
- Total calculated
- $0
- Hours/week
- 1
-
Bruce BridgesBRUCE BRIDGES
1ST VP/DIREC
- Total calculated
- $0
- Hours/week
- 1
-
Malinda DanielMALINDA DANIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan J GadJONATHAN J GAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ravi JajooRAVI JAJOO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eshvar KotahwalaESHVAR KOTAHWALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia Renee MarcussonCYNTHIA RENEE MARCUSSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ron RahmananRON RAHMANAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joan AllenJOAN ALLEN
CFO THROUGH
- Total calculated
- $113,795
- From this org
- $106,875
- From related orgs
- $0
- Other
- $6,920
- Hours/week
- 40
-
Kimberly A PetersenKIMBERLY A PETERSEN
DIR TRADE SH
- Total calculated
- $120,569
- From this org
- $103,847
- From related orgs
- $0
- Other
- $16,722
- 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
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 4
- JOAN ALLEN 71,248 0 0
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
-
$17,250
SPONSORSHIP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423209349314297
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.