Form 990 for tax year 2022
Filed by AMERICAN GEM TRADE ASSOCIATION INC.
Totals
- Total revenue
- $3,472,269
- Total expenses
- $3,254,692
- Contributions and grants received
- $79,989
- Grants paid
- $44,270
- Program service revenue
- $3,355,524
- Investment income
- $14,699
- Other revenue
- $22,057
- Total assets, end of year
- $4,984,201
- Total liabilities, end of year
- $4,116,706
- Net assets or fund balances, end of year
- $867,495
- 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)
$79,989
-
2a · Program service revenue: TRADE SHOWS REVENUE
total $2,725,577 · related or exempt $2,725,577
-
2b · Program service revenue: MEMBERSHIP DUES
total $399,550 · related or exempt $399,550
-
2c · Program service revenue: ADVERTISING - PRISM
total $83,704 · related or exempt $9,752 · unrelated business $73,952
-
2d · Program service revenue: GEM COMPETITION REVENUE
total $74,238 · related or exempt $74,238
-
2e · Program service revenue: ADVERTISING-SHOW DIRECTORY
total $59,055 · unrelated business $59,055
-
2f · All other program service revenue
total $13,400 · related or exempt $11,950 · unrelated business $1,450
-
3 · Investment income
total $14,699 · excluded $14,699
-
9a · Gaming: gross income
$4,336
-
9c · Net income from gaming
total $4,336 · excluded $4,336
-
10a · Gross sales of inventory
$104
-
10b · Cost of goods sold
$7
-
10c · Net income from sales of inventory
total $97 · related or exempt $97
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $17,624 · excluded $17,624
-
11e · Other revenue, total
$17,624
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $44,270
-
5 · Compensation of officers, directors and key employees
total $454,882
-
7 · Other salaries and wages
total $301,540
-
8 · Pension plan contributions
total $11,328
-
9 · Other employee benefits
total $87,225
-
10 · Payroll taxes
total $49,943
-
11b · Fees: legal
total $53,229
-
11c · Fees: accounting
total $26,810
-
11g · Fees: other
total $647,732
-
12 · Advertising and promotion
total $222,236
-
13 · Office expenses
total $166,713
-
14 · Information technology
total $41,224
-
16 · Occupancy
total $95,591
-
17 · Travel
total $60,540
-
19 · Conferences, conventions and meetings
total $790,833
-
22 · Depreciation, depletion and amortization
total $39,870
-
23 · Insurance
total $38,782
-
24a · Other expenses: READERSHIP COSTS
total $63,958
-
24b · Other expenses: JEWELRY DAMAGE
total $35,821
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $11,085
-
24d · Other expenses: MISCELLANEOUS
total $11,080
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $80,851 · end of year $104,940
-
2 · Savings and temporary cash investments
beginning of year $2,588,005 · end of year $3,547,646
-
4 · Accounts receivable
beginning of year $21,756 · end of year $160,543
-
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 $109,418 · end of year $648,784
-
10a · Land, buildings and equipment: cost or other basis
$322,276
-
10b · Land, buildings and equipment: accumulated depreciation
$278,017
-
10c · Land, buildings and equipment, net
beginning of year $57,759 · end of year $44,259
-
15 · Other assets
end of year $474,180
-
17 · Accounts payable and accrued expenses
beginning of year $97,623 · end of year $101,643
-
19 · Deferred revenue
beginning of year $2,027,714 · end of year $3,466,244
-
25 · Other liabilities
beginning of year $85,865 · end of year $548,819
-
27 · Net assets without donor restrictions
beginning of year $650,436 · end of year $867,495
Mission and programs · 2022
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 2022 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 ONCE DURING 2022 FEATURING ARTICLES RELATED TO THE GEM INDUSTRY AND SHOWCASING THE WINNERS IN THE ANNUAL SPECTRUM AWARDS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Douglas HuckerDOUGLAS HUCKER
CEO
- Total calculated
- $249,552
- From this org
- $238,002
- From related orgs
- $0
- Other
- $11,550
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $238,002
- Bonus
- not reported
- Other
- not reported
- Deferred
- $260
- Nontaxable benefits
- $11,290
- Filer's total
- $249,552
-
Joan L AllenJOAN L ALLEN
CFO
- Total calculated
- $109,003
- From this org
- $89,812
- From related orgs
- $0
- Other
- $19,191
- Hours/week
- 40
-
Kim CollinsKIM COLLINS
1ST VP/DIR/P
- Total calculated
- $0
- Hours/week
- 1
-
David NassiDAVID NASSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shekhar ShahSHEKHAR SHAH
TREASURER/DI
- Total calculated
- $0
- Hours/week
- 1
-
Ann BarkerANN BARKER
SEC/TREAS/DI
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey BilgoreJEFFREY BILGORE
PAST PRES/DI
- Total calculated
- $0
- Hours/week
- 1
-
Rohan AgrawalROHAN AGRAWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff MasonJEFF MASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert BentleyROBERT BENTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shiksha NahetaSHIKSHA NAHETA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Renata AbrahamiRENATA ABRAHAMI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BradshawJOHN BRADSHAW
DIRECTOR/SEC
- Total calculated
- $0
- Hours/week
- 1
-
Niveet NagpalNIVEET NAGPAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Evan KaplanEVAN KAPLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan GadJONATHAN GAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John W Ford SrJOHN W FORD SR
CEO/DIR./TRE
- Total calculated
- $96,329
- From this org
- $89,135
- From related orgs
- $0
- Other
- $7,194
- Hours/week
- 40
-
Jaimeen ShahJAIMEEN SHAH
DIRECTOR/VP
- 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
PRESIDENT/PA
- Total calculated
- $0
- Hours/week
- 1
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 · 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
- DOUGLAS HUCKER 210,000 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
-
$32,300
SPONSORSHIP
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323129349304622
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