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Nonprofiteer
← INDIAN DIAMOND & COLORSTONE ASSOC INC

Form 990 for tax year 2024

Filed by INDIAN DIAMOND & COLORSTONE ASSOC INC.

Totals

Total revenue
$339,125
Total expenses
$353,263
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$324,950
Investment income
$14,175
Other revenue
$0
Total assets, end of year
$409,545
Total liabilities, end of year
$22,561
Net assets or fund balances, end of year
$386,984
Program services expenses (Part IX)
$224,938
Management and general expenses
$128,325
Fundraising expenses
$0
Program service expenses (Part III)
$224,938

Program services were 63.7% 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 $161,250 · excluded $161,250

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $106,450 · excluded $106,450

  • 2c · Program service revenue: MEMBER DIRECTORY PRINT

    total $49,500 · excluded $49,500

  • 2d · Program service revenue: DIWALI EVENT

    total $7,750 · excluded $7,750

  • 3 · Investment income

    total $14,175 · excluded $14,175

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $60,000 · management and general $60,000

  • 10 · Payroll taxes

    total $7,011 · management and general $7,011

  • 11c · Fees: accounting

    total $1,175 · management and general $1,175

  • 11d · Fees: lobbying

    total $3,000 · management and general $3,000

  • 13 · Office expenses

    total $9,442 · management and general $9,442

  • 16 · Occupancy

    total $18,000 · management and general $18,000

  • 19 · Conferences, conventions and meetings

    total $3,886 · management and general $3,886

  • 22 · Depreciation, depletion and amortization

    total $85 · management and general $85

  • 23 · Insurance

    total $5,804 · management and general $5,804

  • 24a · Other expenses: TRADE SHOWS

    total $159,295 · program services $159,295

  • 24b · Other expenses: EVENT SPONSOR

    total $36,413 · program services $36,413

  • 24c · Other expenses: DIRECTORY PRINTING AND

    total $29,230 · program services $29,230

  • 24d · Other expenses: CREDIT CARD CHARGES

    total $6,105 · management and general $6,105

  • 24e · All other expenses

    total $13,817 · management and general $13,817

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $150,136 · end of year $382,312

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,769 · end of year $1,871

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

    $19,804

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

    $19,797

  • 10c · Land, buildings and equipment, net

    beginning of year $92 · end of year $7

  • 12 · Investments: other securities

    beginning of year $313,243 · end of year $25,355

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,120 · end of year $4,461

  • 19 · Deferred revenue

    beginning of year $59,000 · end of year $18,100

  • 27 · Net assets without donor restrictions

    beginning of year $401,120 · end of year $386,984

Mission and programs · 2024

Mission

MAKE MEMBERS AWARE OF CURRENT TRENDS, DEVELOPMENTS AND ISSUES FACING THE INDUSTRY.

  • TRADE SHOWS EXHIBITIONS

    Expenses $159,295 · Revenue $161,250

  • MEMBER DIRECTORY PRINTING

    Expenses $29,230 · Revenue $49,500

  • DIWALI EVENT

    Expenses $36,413 · Revenue $7,750

As filed on the 2024 return.

Listed in Part VII

  • Vineet Bokaria

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Yatish Dangayach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Parag Jain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Shailesh Jhalani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Vishal Kotahwala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ajay Javeri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Nimish Mehta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Saumil Parikh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Manoj Bhandari

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Kunal Shah

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Shekhar Shah

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Vishal Shah

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Jay Mehta

    JOINT SECRETARY

    Total calculated
    $0
    Hours/week
    0

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202541349349308609

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