Form 990 for tax year 2023
Filed by INTERNATIONAL COLORED GEMSTONE ASSOCIATION.
Totals
- Total revenue
- $2,049,156
- Total expenses
- $1,911,085
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,049,156
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,338,363
- Total liabilities, end of year
- $1,265,758
- Net assets or fund balances, end of year
- $72,605
- Program services expenses (Part IX)
- $1,337,667
- Management and general expenses
- $573,418
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,337,667
Program services were 70.0% 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.
-
2a · Program service revenue: TRADE SHOWS
total $1,754,346 · related or exempt $1,754,346
-
2b · Program service revenue: MEMBERSHIP DUES
total $286,271 · related or exempt $286,271
-
2c · Program service revenue: MAGAZINE
total $6,650 · related or exempt $6,650
-
2d · Program service revenue: GEMLAB
total $1,589 · related or exempt $1,589
-
2e · Program service revenue: GEMS KEEP GIVING
total $300 · related or exempt $300
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $175,000 · management and general $175,000
-
7 · Other salaries and wages
total $86,888 · management and general $86,888
-
9 · Other employee benefits
total $2,251 · management and general $2,251
-
10 · Payroll taxes
total $6,884 · management and general $6,884
-
11b · Fees: legal
total $111,882 · management and general $111,882
-
11c · Fees: accounting
total $6,000 · management and general $6,000
-
16 · Occupancy
total $12,730 · management and general $12,730
-
17 · Travel
total $25,703 · management and general $25,703
-
22 · Depreciation, depletion and amortization
total $7,200 · management and general $7,200
-
23 · Insurance
total $9,418 · management and general $9,418
-
24a · Other expenses: TRADE SHOW
total $1,275,335 · program services $1,275,335
-
24b · Other expenses: HK OFFICE AND ACTIVITY
total $47,228 · program services $23,614 · management and general $23,614
-
24c · Other expenses: CONTRACT LABOR
total $35,000 · management and general $35,000
-
24d · Other expenses: COMPUTER AND SOFTWARE
total $25,740 · management and general $25,740
-
24e · All other expenses
total $83,826 · program services $38,718 · management and general $45,108
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $320,763 · end of year $153,865
-
4 · Accounts receivable
beginning of year $633,327 · end of year $541,306
-
8 · Inventories for sale or use
beginning of year $3,196 · end of year $3,196
-
9 · Prepaid expenses and deferred charges
beginning of year $568,680 · end of year $614,796
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $0
-
14 · Intangible assets
beginning of year $144,242 · end of year $25,200
-
17 · Accounts payable and accrued expenses
beginning of year $375,120 · end of year $268,404
-
19 · Deferred revenue
beginning of year $1,204,991 · end of year $997,354
-
25 · Other liabilities
beginning of year $155,563 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$65,466 · end of year $72,605
Mission and programs · 2023
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 $1,337,667 · Revenue $2,049,156
As filed on the 2023 return.
Listed in Part VII
-
Damien CodyDAMIEN CODY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Phuket KhunaprapakornPHUKET KHUNAPRAPAKORN
V.P.
- Total calculated
- $0
- Hours/week
- 2
-
Rocco GayROCCO GAY
V.P.
- Total calculated
- $0
- Hours/week
- 2
-
Sushi GoyalSUSHI GOYAL
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Duncan McLauchlanDUNCAN MCLAUCHLAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Altaf IqbalALTAF IQBAL
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Clement SabbaghCLEMENT SABBAGH
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Sushil GoyalSUSHIL GOYAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Armil SammoonARMIL SAMMOON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ashish VijayASHISH VIJAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Benedicte LavoiBENEDICTE LAVOI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Claudia HamannCLAUDIA HAMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel BronfdenDANIEL BRONFDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dwarka Prasad KhandelwalDWARKA PRASAD KHANDELWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Evan CaplanEVAN CAPLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Guillermo GalvisGUILLERMO GALVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ioannis AlexandrisIOANNIS ALEXANDRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kengo KajitaKENGO KAJITA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lucas Senrong LuLUCAS SENRONG LU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark TremontiMARK TREMONTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Miriam Mimo KamauMIRIAM MIMO KAMAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Oren EliezriOREN ELIEZRI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pearl NgPEARL NG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Samir SukhadiaSAMIR SUKHADIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Vijay KediaVIJAY KEDIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Douglas HuckerDOUGLAS HUCKER
CEO
- Total calculated
- $175,000
- From this org
- $175,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $175,000
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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349312552
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