Form 990 for tax year 2022
Filed by INTERNATIONAL COLORED GEMSTONE ASSOCIATION.
Totals
- Total revenue
- $339,955
- Total expenses
- $958,337
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $339,955
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,670,208
- Total liabilities, end of year
- $1,735,674
- Net assets or fund balances, end of year
- -$65,466
- Program services expenses (Part IX)
- $427,094
- Management and general expenses
- $531,243
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $427,094
Program services were 44.6% 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 $290,955 · related or exempt $290,955
-
2b · Program service revenue: GEMS KEEP GIVING
total $27,000 · related or exempt $27,000
-
2c · Program service revenue: GEMLAB
total $22,000 · related or exempt $22,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $87,500 · management and general $87,500
-
7 · Other salaries and wages
total $228,581 · management and general $228,581
-
9 · Other employee benefits
total $4,560 · program services $2,280 · management and general $2,280
-
10 · Payroll taxes
total $25,201 · management and general $25,201
-
11b · Fees: legal
total $4,902 · management and general $4,902
-
11c · Fees: accounting
total $6,000 · management and general $6,000
-
11g · Fees: other
total $16,800 · management and general $16,800
-
12 · Advertising and promotion
total $3,903 · management and general $3,903
-
16 · Occupancy
total $2,826 · management and general $2,826
-
17 · Travel
total $6,085 · management and general $6,085
-
22 · Depreciation, depletion and amortization
total $3,600 · management and general $3,600
-
23 · Insurance
total $10,058 · management and general $10,058
-
24a · Other expenses: TRADE SHOW
total $388,501 · program services $388,501
-
24b · Other expenses: HK OFFICE AND ACTIVITY
total $72,626 · program services $36,313 · management and general $36,313
-
24c · Other expenses: COMPUTER AND SOFTWARE
total $26,868 · management and general $26,868
-
24d · Other expenses: GEMS KEEP GIVING
total $21,535 · management and general $21,535
-
24e · All other expenses
total $48,791 · management and general $48,791
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,658 · end of year $320,763
-
4 · Accounts receivable
beginning of year $426,465 · end of year $633,327
-
8 · Inventories for sale or use
beginning of year $2,721 · end of year $3,196
-
9 · Prepaid expenses and deferred charges
end of year $568,680
-
10a · Land, buildings and equipment: cost or other basis
$63,797
-
10b · Land, buildings and equipment: accumulated depreciation
$63,797
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $138,342 · end of year $144,242
-
15 · Other assets
beginning of year $9,178 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $5,885 · end of year $375,120
-
19 · Deferred revenue
end of year $1,204,991
-
25 · Other liabilities
beginning of year $155,563 · end of year $155,563
-
27 · Net assets without donor restrictions
beginning of year $552,916 · end of year -$65,466
Mission and programs · 2022
Mission
PROMOTE AN UNDERSTANDING AND APPRECIATION OF NATURAL COLORED GEMSTONES
Activities or mission (Part I)
PROMOTE AN UNDERSTANDING AND APPRECIATION OF NATURAL COLORED GEM STONES
-
PROMOTE UNDERSTANDING APPRECIATION AND SALE OF NATURAL COLORED GEMSTONES THROUGHOUT THE WORLD VIA TRADE SHOWS, CONFERENCES AND INFORMATION BUREAU IN NEW YORK, EUROPE AND ASIA.
Expenses $427,094 · Revenue $339,955
As filed on the 2022 return.
Listed in Part VII
-
Captain Ramji SharmaCAPTAIN RAMJI SHARMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Chen ShenCHEN SHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Saurabh BansalSAURABH BANSAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Henry HoHENRY HO
V.P.
- Total calculated
- $0
- Hours/week
- 2
-
Kobi SevdermishKOBI SEVDERMISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Warren BoydWARREN BOYD
V.P.
- Total calculated
- $0
- Hours/week
- 2
-
Clement SabbaghCLEMENT SABBAGH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Sushil GoyalSUSHIL GOYAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark TremontiMARK TREMONTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel BronfenDANIEL BRONFEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Duncan McLauchlanDUNCAN MCLAUCHLAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rocco GayROCCO GAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pearl NgPEARL NG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shahina HattaSHAHINA HATTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dwarka KhandewalDWARKA KHANDEWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Altaf IqbalALTAF IQBAL
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Phuket KhunaprapakornPHUKET KHUNAPRAPAKORN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ioannis AlexandrisIOANNIS ALEXANDRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Miriam KamauMIRIAM KAMAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bj HackmanBJ HACKMAN
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Evan CaplanEVAN CAPLAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Guillermo GalvisGUILLERMO GALVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Douglas HuckerDOUGLAS HUCKER
CEO
- Total calculated
- $87,500
- From this org
- $87,500
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349314595
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.