2023-11-15T11:22:40-06:00 2022-12-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE STE 4200 INDIANAPOLIS IN 462045108 990 2022-01-01 953797687 GEMOLOGICAL INSTITUTE OF AMERICA INC GEMO 7606034000 5345 ARMADA DRIVE CARLSBAD CA 920084602 DAVID J TEARLE SENIOR VP & CFO 7606034000 2023-11-15 1 DAVID TEARLE 999009999 0 JEFFREY D FRANK P00287234 3174648600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SUSAN JACQUES 5345 ARMADA DRIVE CARLSBAD CA 920084602 347890463 0 X WWW.GIA.EDU X 1931 CA SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT. 16 12 1417 0 1344337 0 658727 554874 203953543 167292747 57448963 31731643 96310876 91475818 358372109 291055082 1576956 6920495 0 0 145194816 156980426 0 0 52845 106513967 137568810 253285739 301469731 105086370 -10414649 751479213 676668895 51868011 57328289 699611202 619340606 X SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT. 0 0 32764683 6920495 14243807 EDUCATION: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 214815218 152655544 LABORATORY: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 17691477 98161 RESEARCH & PUBLICATIONS: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 265271378 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 0 1 X 145 0 1 1417 1 1 1 1 BE BC CH HK IN IS JA SN SF TW TH AE UK 0 0 0 0 0 0 0 0 0 0 X 16 12 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK AL AR CA CT FL GA IL KS KY MA MD MI MN MS NC NH NJ NY OR PA RI SC TN UT VA WI WV X DAVID J TEARLE 7606034000 5345 ARMADA DRIVE CARLSBAD CA 920084602 X SUSAN JACQUES PRESIDENT/CEO 39.00 1.00 X X 936257 0 58321 THOMAS MOSES EXECUTIVE VP 39.00 1.00 X X 912048 0 53028 DIONE D KENYON GOVERNOR (THRU 11/2022) 7.00 0.00 X 43202 0 0 THOMAS INSLEY GOVERNOR (THRU 11/2022) 6.00 0.00 X 39702 0 0 BARBARA SAWREY GOVERNOR (THRU 11/2022) 5.00 0.00 X 35202 0 0 BARBARA DUTROW GOVERNOR 5.00 0.00 X 35000 0 0 LISA LOCKLEAR GOVERNOR 5.00 0.00 X 35000 0 0 STEPHEN KAHLER GOVERNOR 5.00 0.00 X 35000 0 0 JOHN VALLEY GOVERNOR 5.00 0.00 X 31500 0 0 PATRICIA ANN KIKUKO HARVEY GOVERNOR 5.00 0.00 X 31500 0 0 ELLIOT TANNENBAUM GOVERNOR (THRU 11/2022) 4.00 0.00 X 28202 0 0 DAVE BINDRA GOVERNOR 4.00 0.00 X 28000 0 0 LAWRENCE MA GOVERNOR 4.00 0.00 X 28000 0 0 MARCUS TER HAAR GOVERNOR 4.00 0.00 X 28000 0 0 R ANDREW JOHNSON GOVERNOR 4.00 0.00 X 28000 0 0 SAMANTHA RAVICH GOVERNOR 4.00 0.00 X 28000 0 0 TAMMY STORINO GOVERNOR 4.00 0.00 X 28000 0 0 XUEYING DAI GOVERNOR (BEG. 11/2022) 4.00 0.00 X 14000 0 0 JEFFREY POST GOVERNOR 4.00 0.00 X 0 0 0 RUSSELL MEHTA GOVERNOR (BEG. 11/2022) 4.00 0.00 X 0 0 0 DAVID TEARLE SVP & CFO 39.00 1.00 X 668255 0 51133 JENNIFER WILSON SVP, GENERAL COUNSEL 39.00 1.00 X 575099 0 51105 PRITESH PATEL SVP & COO 40.00 0.00 X 646409 0 52645 ANNA MARTIN SVP, INSTITUTE RELATIONS 40.00 0.00 X 594324 0 50338 MARK BUNTZ SVP, CMO (THRU 10/2022) 40.00 0.00 X 467163 0 45961 DUNCAN PAY SVP, CHIEF ACADEMIC OFFICER 40.00 0.00 X 440404 0 49403 ELIZABETH KEATING VP, CHIEF ETHICS/COMPL OFFICER 40.00 0.00 X 423961 0 50032 LISA GARRIS VP, HUMAN RESOURCES 40.00 0.00 X 342576 0 42314 JOHN HALL VP & CIO 40.00 0.00 X 438526 0 60602 PHILLIP YANTZER VP, LABORATORY OPERATIONS 40.00 0.00 X 424214 0 46179 LUCY XIA VP, TRANSFORMATION OPERATIONS 40.00 0.00 X 405319 0 54142 DAVID LIN VP, CHIEF INFO SEC OFFICER 40.00 0.00 X 395908 0 51077 LISA BIGGS VP, CHIEF ACCOUNTING OFFICER 40.00 0.00 X 410001 0 25629 8576772 0 741909 338 0 1 0 GIA HONG KONG LABORATORY LIMITED GOLDIN FINANCIAL GLOBAL CENTRE 20/ KOWLOON BAY HK GRADING SERVICES 17504053 US INTERNATIONAL MEDIA LLC 3415 S SEPULVEDA BLVD 8TH FLOOR LOS ANGELES CA 90034 ADVERTISING SERVICES 7523778 TATA CONSULTANCY SERVICES LIMITED NIRMAL BUILDING NARIMAN POINT MUMBAI IN IT SERVICES 5995024 GIA BELGIUM NV LANGE HERENTALSESTRAAT 20-26 B ANTWERP BE GRADING SERVICES 5591317 DLA PIPER LLP US 6225 SMITH AVENUE BALTIMORE MD 21209 LEGAL SERVICES 2750715 126 X 554874 554574 554874 GEMOLOGICAL LABORATORY 541990 153444229 153444229 TUITION & FEES 611519 13750357 13750357 GEMOLOGY PUBLICATIONS 513120 98161 98161 167292747 26957007 18933027 8023980 90426716 90024716 402000 59134174 54321790 37748 4812384 -37748 4774636 4774636 4109192 2475843 1633349 372263 1261086 MANAGEMENT FEE 561110 83251 83251 FOREIGN EXCHANGE LOSS 900099 -788685 -788685 0 121187 121187 -584247 291055082 275955255 1344337 13200616 X 5697522 5697522 924049 924049 298924 298924 6502804 3826884 2675920 114193881 100077378 14067833 48670 8607523 7542853 1063347 1323 18644520 17269572 1374948 9031698 8018541 1010305 2852 4068210 2247345 1820865 1411735 235964 1175771 1355254 1355254 33667645 32545689 1121956 14693909 14071405 622504 18626816 17463184 1163632 27459463 23163209 4296254 50000 50000 5600084 4428639 1171445 2721059 2287029 434030 1759820 1304448 455372 8683913 7547908 1136005 1660168 1659549 619 FOREIGN WITHHOLDING TAX 10002962 9958197 44765 MAINTENANCE 4912934 3857552 1055382 894838 795537 99301 301469731 265271378 36145508 52845 64732309 31892120 26555338 52122842 28018586 18476071 6610935 7521450 2446672 4521329 7053768 8246094 262098335 135512937 126263077 126585398 426584137 362270343 63214391 65033248 751479213 676668895 8126494 12357562 3346064 4100269 40395453 40870458 51868011 57328289 X 680517508 599116102 19093694 20224504 699611202 619340606 751479213 676668895 X -10414649 -69118645 -737302 X 0 1 X 1 0 X 319043 272147 347414 658727 554874 2152205 229987629 247027166 186612500 336198836 278058171 1277884302 230306672 247299313 186959914 336857563 278613045 1280036507 1145731 1597334 887526 1099332 3027934 7757857 87527902 108145449 75574336 157406084 113794269 542448040 88673633 109742783 76461862 158505416 116822203 550205897 729830610 8536191 8637647 7537374 8018924 8425980 41156116 8536191 8637647 7537374 8018924 8425980 41156116 0 825988 0 478268 59076 1363332 2514474 135744 15595 2665813 241357337 256898692 194512883 345354755 287098101 1325221768 0.55070 0.53870 0.03110 0.02830 X FORM 990, SCHEDULE A, PART I: GEMOLOGICAL INSTITUTE OF AMERICA, INC. ("GIA OR "THE INSTITUTE") BELIEVES IT ALSO QUALIFIES AS AN EDUCATIONAL ORGANIZATION UNDER SECTION 170(B)(1)(A)(II) OF THE INTERNAL REVENUE CODE (PART I, LINE 2). FORM 990, SCHEDULE A, PART III, LINES 2 AND 10A: SEE TREATMENT OF CERTAIN PAYMENTS DESCRIBED IN FORM 990, PART VIII, LINES 3 AND 5. FORM 990, SCHEDULE A, PART III, LINE 7B: CERTAIN GROSS RECEIPTS FOR DIAMOND GRADING SERVICES PERFORMED FOR GIA AFFILIATE DIAMOND GRADING LABORATORIES OUTSIDE THE US ARE TREATED, SOLELY FOR PURPOSES OF SCHEDULE A, PART III, AS HAVING BEEN PAID TO GIA BY THE CUSTOMERS OF THOSE OVERSEAS LABORATORIES. THIS TREATMENT IS CONSISTENT WITH THE TREATMENT MADE TO PAYMENTS FROM CERTAIN "AGGREGATORS" UNDER REV. RULS. 75-387 AND 83-153. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 554574 35277824 X X X X X GEMOLOGICAL EDUCATION 0 218557014 20091854 -31113896 6920495 4088141 0 196526336 171190966 29816059 21602289 1277716 2774584 0 218557014 161135260 0 19116662 7254133 1806823 0 171190966 121130211 17000000 25711598 1980424 726125 0 161135260 128635266 5000000 -9390989 1594341 1519725 0 121130211 0.90830 0.06600 0.02570 0 0 11777037 11777037 148495608 51660397 96835211 5718317 5681823 36494 33491718 22914598 10577120 62615655 55256119 7359536 126585398 GEM COLLECTIONS 35277824 INVESTMENTS IN SUBSIDIARIES 27212104 OTHER ASSETS 229065 RIGHT OF USE ASSETS 2314255 65033248 ACCRUED PAYROLL 21840419 OTHER CURRENT LIABILITIES 122681 SALES & USE TAX PAYABLE 18460 OTHER LONG TERM LIABILITIES 1280738 ACCRUED PAID TIME OFF 13390478 INTERCOMPANY ACCOUNTS 1941719 LEASE LIABILITY 2275963 40870458 X PART III, LINE 4: GIA'S LIBRARY, GEMSTONE, AND JEWELRY COLLECTION IS DISPLAYED IN ITS MUSEUM AND THROUGHOUT GIA; USED FOR PUBLIC EXHIBITION, RESEARCH AND EDUCATION PURPOSES; AND PRESERVED FOR FUTURE GENERATIONS. PART V, LINE 4: GIA USES ENDOWMENT FUNDS FOR ACTIVITIES PURSUANT TO THE INSTITUTE'S MISSION, WHICH IS SUMMARIZED IN THE RESPONSE TO FORM 990, PART III, LINE 1. PART X, LINE 2: AS OF DECEMBER 31, 2022, THE INSTITUTE HAD NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE INSTITUTE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX BENEFITS AS INCOME TAX EXPENSE WHEN ACCRUED. AS THE INSTITUTE HAD NO LIABILITIES FOR UNCERTAIN TAX POSITIONS, THERE HAS BEEN NO ACCRUAL FOR INTEREST AND PENALTIES FOR THE YEARS ENDED DECEMBER 31, 2022 OR 2021. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE INSTITUTE'S BROCHURES AND APPLICATIONS ALL INCLUDE STATEMENTS OF ITS NONDISCRIMINATION POLICY. THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE OR WORLDWIDE AND FOLLOWS A NONDISCRIMINATION POLICY. ACCORDINGLY, THE NEWSPAPER OR BROADCAST PUBLICATION REQUIREMENT IS SATISFIED BY ADHERENCE TO REV. PROC. 75-50, SECTION 4.02. SCHEDULE E, PART I, LINE 6 GIA IS ACCREDITED BY ACCSC, WHICH IS RECOGNIZED BY THE US DEPARTMENT OF EDUCATION. GIA PARTICIPATES IN TITLE IV PROGRAMS. GIA ALSO ACCEPTS VETERAN'S BENEFITS FOR PROGRAMS THAT QUALIFY. 1 MIDDLE EAST AND NORTH AFRICA 1 100 PROGRAM SERVICES LAB & RESEARCH SERVICES 10307779 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIP GRANTS 198924 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 366198 EAST ASIA AND THE PACIFIC INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 3034713 SOUTH ASIA INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 23556603 MIDDLE EAST AND NORTH AFRICA INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 272300 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTMAKING 100000 1 100 0 0 1 100 37836517 0 37836517 EUROPE (INCLUDING ICELAND & GREENLAND) HUMANITARIAN AID 100000 ELECTRONIC FUND/WIRE TRANSFER 0 1 0 SCHOLARSHIP AWARDS EAST ASIA AND THE PACIFIC 36 0 198924 TUITION REDUCTION FMV 1 0 1 0 0 1 PART I, LINE 2: AFTER GIA RECEIVES THE SIGNED ACCEPTANCE FORM AND THE STUDENT ENROLLS, AN AWARD LINE IS SET UP IN THE STUDENT INFORMATION SYSTEM TO READY THE AWARD FOR DISBURSEMENT. THE AWARD IS DISBURSED THROUGH THE SYSTEM AS A CREDIT TO THE STUDENT'S TUITION ACCOUNT. THE FUNDS ARE NOT DISBURSED DIRECTLY TO THE STUDENT UNLESS THE PROVISIONS OF THE SCHOLARSHIP INCLUDE LIVING EXPENSES; ANY SUCH AWARD IS DISBURSED IN THE SAME MANNER AS OTHER FINANCIAL AID DESIGNATED FOR LIVING EXPENSES. THE INTERNATIONAL SCHOOL MUST INITIATE THE PROCESS OF TRANSFERRING FUNDS FROM GIA BY SUBMITTING A WRITTEN INVOICE TO THE SCHOLARSHIP COORDINATOR AT GIA; EMAIL IS ACCEPTABLE. THE INVOICE MUST INCLUDE THE SCHOLARSHIP RECIPIENT'S NAME, STUDENT NUMBER, SCHOLARSHIP AWARD AMOUNT IN LOCAL CURRENCY, NAME OF THE SCHOLARSHIP, AND COURSE ENROLLMENT INFORMATION (START DATE, COURSE NAME AND NUMBER). GIA TRANSFERS THE FUNDS TO THE SCHOOL WHEN THE SCHOLARSHIP RECIPIENTS BEGIN THEIR QUALIFIED COURSE OF STUDY AT GIA (INTERNATIONAL) COMPANY, LTD (AKA GIA THAILAND SCHOOL), GIA HONG KONG LIMITED, OR GIA INSTRUMENT (TAIWAN) CO. (AKA GIA TAIWAN SCHOOL). PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART V: THE AMOUNTS REPORTED IN SCHEDULE F WERE DETERMINED USING THE ACCRUAL METHOD OF ACCOUNTING. 1 VARIOUS LAW ENFORCEMENT AGENCIES GOVERNMENT ENTITY 0 85681 FMV SEE SUPPLEMENTAL INFORMATION PART IV SUPPORT LAW ENFORCEMENT FUNCTION OF REDUCING THEFT, FRAUD & MISREPRESENTATION AMERICAN GEM SOCIETY 8881 W SAHARA AVE LAS VEGAS NV 89117 951409272 501(C)(6) 5000000 0 GEMOLOGY EDUCATION ENDOWMENT AMERICAN GEM SOCIETY 8881 W SAHARA AVE LAS VEGAS NV 89117 951409272 501(C)(6) 75000 0 AGS CONCLAVE AMERICAN GEM SOCIETY 8881 W SAHARA AVE LAS VEGAS NV 89117 951409272 501(C)(6) 10000 24841 COST EDUCATIONAL MATERIALS SUPPORT GEM LAB CLASS DELIVERY AMERICAN GEM SOCIETY 8881 W SAHARA AVE LAS VEGAS NV 89117 951409272 501(C)(6) 0 9100 COST PROGRAM ATTENDANCE SUPPORT EDUCATION OF NON-PROFIT STAFF FOR ORGANIZATIONS WITH COMPLEMENTARY MISSIONS PACT INC 1828 L STREET NW NO 300 WASHINGTON DC 20036 132702768 501(C)(3) 215525 0 SUPPORT EDUCATION OF ARTISANAL MINERS IN GEM MINING COMMUNITIES UNITED STATES ASSOCIATION FOR UNHCR 1310 L STREET NW NO 450 WASHINGTON DC 20005 521662800 501(C)(3) 100000 0 SUPPORT OF HUMANITARIAN AID TO REFUGEES RESOLVE INC 1255 23RD STREET NW SUITE 275 WASHINGTON DC 20037 521841035 501(C)(3) 37500 0 SUPPORT OF PEACE DIAMONDS PROGRAM FOR MINE RECLAMATION MERCURY FREE MINING INC 4070 SW FAIRHAVEN DR CORVALLIS OR 97333 834627223 501(C)(3) 15530 0 SUPPORT EDUCATION OF ARTISANAL MINERS IN GEM MINING COMMUNITIES DIAMOND EMPOWERMENT FUND INC 85 BROAD STREET 16TH FLOOR NEW YORK NY 10004 205967103 501(C)(3) 15000 0 SUPPORT EDUCATION OF ARTISANAL MINERS IN GEM MINING COMMUNITIES INDIAN DIAMOND & COLORSTONE ASSOCIATION INC 580 FIFTH AVENUE SUITE 625 NEW YORK NY 10036 133211019 501(C)(6) 15000 0 PROMOTE ETHICAL BUSINESS PRACTICES JEWELERS VIGILANCE COMMITTEE 801 SECOND AVENUE 303 NEW YORK NY 10017 131661424 501(C)(6) 10000 0 SUPPORT EDUCATION SERVICES WOMEN'S JEWELRY ASSOCIATION INC 125 PARK AVENUE NEW YORK NY 10017 133205392 501(C)(6) 10000 0 SUPPORT WOMEN-FOCUSED EDUCATION IN GEMOLOGY MINERALOGICAL SOCIETY OF AMERICA 3635 CONCORDE PKWY SUITE 500 CHANTILLY VA 20151 526044250 501(C)(3) 7000 0 ADVANCEMENT OF MINERALOGY, CRYSTALLOGRAPHY, AND GEOCHEMISTRY BLACK IN JEWELRY COALITION ASSOCIATION INC 391 PENNSYLVANIA AVE FREEPORT NY 11520 852972205 501(C)(6) 0 21650 COST PROGRAM ATTENDANCE SUPPORT EDUCATION OF NON-PROFIT STAFF FOR ORGANIZATIONS WITH COMPLEMENTARY MISSIONS JEWELERS FOR CHILDREN 120 BROADWAY SUITE 2820 NEW YORK NY 10271 133716474 501(C)(3) 35000 5695 FMV CLASSROOM EQUIPMENT ADVANCE GEMOLOGICAL EDUCATION 8 5 SCHOLARSHIP AWARDS 428 924049 FMV TUITION REDUCTION PART I, LINE 2: SCHOLARSHIPS - AFTER GIA RECEIVES THE SIGNED ACCEPTANCE FORM AND THE STUDENT ENROLLS, AN AWARD LINE IS SET UP IN THE STUDENT INFORMATION SYSTEM TO READY THE AWARD FOR DISBURSEMENT. THE AWARD IS DISBURSED THROUGH THE SYSTEM AS A CREDIT TO THE STUDENT'S TUITION ACCOUNT. THE FUNDS ARE NOT DISBURSED DIRECTLY TO THE STUDENT UNLESS THE PROVISIONS OF THE SCHOLARSHIP INCLUDE LIVING EXPENSES; ANY SUCH AWARD IS DISBURSED IN THE SAME MANNER AS OTHER FINANCIAL AID DESIGNATED FOR LIVING EXPENSES. OTHER GRANTS - GIA MAKES LIMITED GRANTS TO ORGANIZATIONS IN ORDER TO FURTHER ITS MISSION, UPON REVIEW AND APPROVAL BY SENIOR EXECUTIVE MANAGEMENT. PART II, LINE 1, COLUMN (H): GIA REGULARLY ORGANIZES AND CONDUCTS SEMINARS FOR THE FBI AND OTHER LAW ENFORCEMENT OFFICIALS. IN 2022, GIA OFFERED MULTIPLE WEEK-LONG GEMOLOGY SEMINARS FREE OF CHARGE FOR LAW ENFORCEMENT OFFICERS IN NEW YORK CITY, THE PORT OF NEWARK, NEW JERSEY, AND CARLSBAD, CALIFORNIA. THE PURPOSE OF THE SEMINARS WAS TO ASSIST LAW ENFORCEMENT OFFICERS IN THE INVESTIGATION AND PROSECUTION OF JEWELRY-RELATED CRIMES. GIA DIRECTLY PAID THE SEMINAR-RELATED EXPENSES AND PROVIDED EXPERT INSTRUCTORS FOR THE PROGRAM. IN 2022, GIA CONTINUED ITS PRACTICE OF FLAGGING STOLEN GEMSTONES IN ITS DATABASE, AND RECOVERED MULTIPLE GEMSTONES IN CASES IN WHICH STONES WERE RESUBMITTED TO THE LABORATORY AFTER HAVING BEEN STOLEN. GIA ALSO GRADED STONES FOR LAW ENFORCEMENT AT NO COST AND RESPONDED TO MANY INFORMATION REQUESTS FROM LAW ENFORCEMENT AGENCIES. FURTHERMORE, GIA PROVIDED MANY DOCUMENTS AT THE REQUEST OF LAW ENFORCEMENT TO ASSIST THEM IN THEIR DUTIES. GIA PARTICIPATED IN AN AGREEMENT WITH U.S. IMMIGRATION AND CUSTOMS ENFORCEMENT TO MAINTAIN A DATABASE OF GEMSTONES TO FACILITATE THE EFFORTS OF TRADE AND LAW ENFORCEMENT OFFICIALS RELATED TO IDENTIFICATION OF NATURAL, TREATED, AND SYNTHETIC STONES AND COUNTRIES OF ORIGIN. GIA ENCOURAGES LAW ENFORCEMENT PERSONNEL TO ENROLL IN GIA EDUCATIONAL COURSES RELATED TO THEIR OFFICIAL DUTIES AND DOES NOT CHARGE FOR SUCH ENROLLMENTS. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 SUSAN JACQUES PRESIDENT/CEO 620693 0 312000 0 3564 0 27000 0 31321 0 994578 0 0 0 THOMAS MOSES EXECUTIVE VP 598540 0 306650 0 6858 0 27000 0 26028 0 965076 0 0 0 DAVID TEARLE SVP & CFO 454441 0 210250 0 3564 0 27000 0 24133 0 719388 0 0 0 PRITESH PATEL SVP & COO 418099 0 227500 0 810 0 20500 0 32145 0 699054 0 0 0 ANNA MARTIN SVP, INSTITUTE RELATIONS 422279 0 165000 0 7045 0 27000 0 23338 0 644662 0 0 0 JENNIFER WILSON SVP, GENERAL COUNSEL 395135 0 176400 0 3564 0 27000 0 24105 0 626204 0 0 0 MARK BUNTZ SVP, CMO (THRU 10/2022) 288238 0 125000 0 53925 0 20500 0 25461 0 513124 0 0 0 JOHN HALL VP & CIO 316962 0 118000 0 3564 0 27000 0 33602 0 499128 0 0 0 DUNCAN PAY SVP, CHIEF ACADEMIC OFFICER 320082 0 118000 0 2322 0 20500 0 28903 0 489807 0 0 0 ELIZABETH KEATING VP, CHIEF ETHICS/COMPL OFFICER 306916 0 110000 0 7045 0 27000 0 23032 0 473993 0 0 0 PHILLIP YANTZER VP, LABORATORY OPERATIONS 318800 0 101850 0 3564 0 27000 0 19179 0 470393 0 0 0 LUCY XIA VP, TRANSFORMATION OPERATIONS 292997 0 110000 0 2322 0 27000 0 27142 0 459461 0 0 0 DAVID LIN VP, CHIEF INFO SEC OFFICER 295098 0 100000 0 810 0 20500 0 30577 0 446985 0 0 0 LISA BIGGS VP, CHIEF ACCOUNTING OFFICER 299191 0 110000 0 810 0 20500 0 5129 0 435630 0 0 0 LISA GARRIS VP, HUMAN RESOURCES 249041 0 90000 0 3535 0 27000 0 15314 0 384890 0 0 0 PART I, LINE 1A HEALTH CLUB FEES - GIA PROVIDES AN ANNUAL WELLNESS REIMBURSEMENT UP TO $300. THE REIMBURSEMENT MAY BE USED TO COVER AN EMPLOYEE'S HEALTH CLUB OR FITNESS PROGRAM MEMBERSHIP FEE. GIA WILL ONLY REIMBURSE THE EMPLOYEE ONCE RECEIPTS ARE SUBMITTED. THIS REIMBURSEMENT IS AVAILABLE TO ALL EMPLOYEES. THE BENEFIT IS REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2. PART I, LINE 7 THE BOARD OF GOVERNORS HAS THE DISCRETION TO APPROVE SPECIAL AWARDS EACH YEAR IN RECOGNITION OF TEAM CONTRIBUTIONS TO ACHIEVING ORGANIZATIONAL GOALS. WITHIN EACH TEAM, AWARDS ARE ALLOCATED ACCORDING TO INDIVIDUAL EMPLOYEE PERFORMANCE MEASURES. THESE AMOUNTS ARE LISTED IN SCHEDULE J, PART II, COLUMN B(II). FORM 990, SCHEDULE J, PART II, COLUMN B(III): THE 'OTHER REPORTABLE COMPENSATION' REPORTED IN COLUMN B(III) CONSISTS OF THE VALUE OF GROUP TERM LIFE INSURANCE IN EXCESS OF $50,000 AND CASH-OUTS OF EARNED PAID TIME OFF (BOTH OF WHICH WERE OFFERED TO ALL EMPLOYEES). SEE PART V SEE PART V 779005 SEE PART V 0 SEE PART V SEE PART V 323194 SEE PART V 0 SEE PART V SEE PART V 466556 SEE PART V 0 SEE PART V SEE PART V 9100 SEE PART V 0 SEE PART V SEE PART V 175000 SEE PART V 0 FORM 990, SCHEDULE L, PART IV, LINE 1: (A) NAME OF INTERESTED PERSON: ASKUPA LTD.(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ELLIOT TANNENBAUM IS A MEMBER OF GIA'S BOARD OF GOVERNORS AND IS A PRINCIPAL OF ASKUPA LTD.(C) AMOUNT OF TRANSACTION: RENT PAYMENTS OF $779,005(D) DESCRIPTION OF TRANSACTION: IN 2015, GIA ENTERED INTO A FIVE-YEAR LEASE AGREEMENT FOR NEW LABORATORY AND ADMINISTRATIVE SPACE IN RAMAT GAN, ISRAEL. IN 2020, THE LEASE WAS RENEWED FOR AN ADDITIONAL FIVE YEARS. ELLIOT TANNENBAUM, WHO IS A MEMBER OF THE BOARD OF GIA, IS A PRINCIPAL IN THE LESSOR, ASKUPA LTD. THE LEASE WAS APPROVED BY DISINTERESTED BOARD MEMBERS AFTER DISCLOSURE OF THE INVOLVEMENT OF THE PARTICULAR BOARD MEMBER. THE BOARD DETERMINED THAT THE LEASE TERMS WERE REASONABLE AS COMPARED TO LEASE TERMS FOR COMPARABLE SPACE. IN 2022, GIA PAID RENT EXPENSE PER THE TERMS OF THE LEASE; THE EXPENSE IS REFLECTED IN OCCUPANCY IN THE STATEMENT OF FUNCTIONAL EXPENSES. FORM 990, SCHEDULE L, PART IV, LINES 2 - 5: THE INSTITUTE STRIVES TO MAINTAIN A BOARD OF GOVERNORS COMPOSED OF OUTSTANDING INDIVIDUALS WITH VARIED BACKGROUNDS WHO ARE ABLE TO CONTRIBUTE IMPORTANTLY TO THE ACCOMPLISHMENT OF THE INSTITUTE'S EXEMPT PURPOSES. THESE INCLUDE EXPERTS FROM THE FIELDS OF SCIENCE, ACADEMIA, FINANCE AND BUSINESS. THE INSTITUTE IS ALSO FORTUNATE TO HAVE BEEN ABLE TO RECRUIT A NUMBER OF OUTSTANDING EXPERTS (BOTH RETIRED AND ACTIVE) IN THE VARIOUS ASPECTS OF GEMS AND JEWELRY. THEREFORE, IT IS NOT SURPRISING THAT FIRMS ASSOCIATED WITH SOME OF THESE GOVERNORS HAVE PARTICIPATED IN THE INSTITUTE'S THREE EXEMPT ACTIVITIES PREVIOUSLY REPORTED TO AND APPROVED BY THE IRS: EDUCATION, RESEARCH, AND GEM LABORATORY ACTIVITIES. (IN ADDITION, A RELATIVELY SMALL PORTION OF THE TRANSACTIONS INVOLVED SALES OF GEMOLOGICAL INSTRUMENTS, BOOKS AND SUPPLIES WHICH HAVE BEEN REPORTED AS NONEXEMPT ACTIVITIES.) SUCH PARTICIPATION BY THESE FIRMS, HOWEVER, BEGAN BEFORE THE ELECTION OF THESE INDIVIDUALS TO THE BOARD OF GOVERNORS AND REPRESENTS A TINY FRACTION OF THE TOTAL ACTIVITIES REPORTED ON FORM 990. OBVIOUSLY, TO BAR FIRMS AFFILIATED WITH BOARD MEMBERS FROM UTILIZING THE SERVICES OF THE INSTITUTE THEY HAD PREVIOUSLY ENJOYED WOULD LIKELY DEPRIVE GIA OF THE SERVICES OF COMMITTED AND TALENTED LEADERS SUCH AS THESE.IN 2022, SEVERAL FIRMS ASSOCIATED WITH A MEMBER OF THE BOARD OF GOVERNORS ENGAGED IN TRANSACTIONS WITH GIA. THE FEES PAID TO GIA WERE THE SAME AS THOSE PAID BY ANY OTHER SIMILARLY-SITUATED CLIENT. THE FOLLOWING FIRMS WERE CLIENTS OF THE GIA LABORATORY BEFORE THE AFFILIATED INDIVIDUALS BECAME MEMBERS OF THE BOARD OF GOVERNORS:(A) NAME OF INTERESTED PERSON: LEO SCHACHTER DIAMOND GROUP(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: ELLIOT TANNENBAUM IS A MEMBER OF GIA'S BOARD OF GOVERNORS AND IS A PRINCIPAL OF LEO SCHACHTER DIAMOND GROUP.(C) AMOUNT OF TRANSACTION: $323,194(D) DESCRIPTION OF TRANSACTION: LABORATORY SERVICES(A) NAME OF INTERESTED PERSON: ROSY BLUE N.V., ANTWERP(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: RUSSELL MEHTA IS A MEMBER OF GIA'S BOARD OF GOVERNORS AND IS A PRINCIPAL OF ROSY BLUE N.V., ANTWERP(C) AMOUNT OF TRANSACTION: $466,556(D) DESCRIPTION OF TRANSACTION: LABORATORY SERVICES(A) NAME OF INTERESTED PERSON: DEVANDAVE, INC.(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DAVE BINDRA IS A MEMBER OF GIA'S BOARD OF GOVERNORS AND IS A PRINCIPAL OF DEVANDAVE, INC.(C) AMOUNT OF TRANSACTION: $9,100(D) DESCRIPTION OF TRANSACTION: TUITION PAID TO GIA FOR AN EMPLOYEE'S COURSE ATTENDANCE, AT THE SAME RATE AVAILABLE TO UNRELATED PARTIES(A) NAME OF INTERESTED PERSON: DEVANDAVE, INC.(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: DAVE BINDRA IS A MEMBER OF GIA'S BOARD OF GOVERNORS AND IS A PRINCIPAL OF DEVANDAVE, INC.(C) AMOUNT OF TRANSACTION: $175,000(D) DESCRIPTION OF TRANSACTION: SALE OF GEM SPECIMENS TO GIAIN THE LAST CASE, AN INDEPENDENT APPRAISAL WAS OBTAINED AND THE BOARD REVIEWED THE FACTS PRIOR TO PROCEEDING WITH THE TRANSACTION, WITH THE RELATED BOARD MEMBER RECUSING HIMSELF FROM THE BOARD'S DECISION-MAKING PROCESS. HAVING DETERMINED THAT THE TRANSACTION WOULD BE FAIR AND REASONABLE, AND THAT GIA WAS ENTERING INTO THE TRANSACTION FOR ITS OWN BENEFIT, THE BOARD AUTHORIZED THAT THE TRANSACTION BE UNDERTAKEN. X 36 554574 SALE OF COMP. PROP. 6 0 1 0 PART I, COLUMN (B): GIA IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, ITEM L, YEAR OF FORMATION: THE GEMOLOGICAL INSTITUTE OF AMERICA WAS ESTABLISHED IN 1931 BY ROBERT M. SHIPLEY WHO INTRODUCED CORRESPONDENCE COURSES IN THE SAME YEAR. SUBSEQUENTLY, GIA CORPORATIONS WERE FORMED IN OHIO AND IN CALIFORNIA. THE CURRENT GEMOLOGICAL INSTITUTE OF AMERICA, INC. ("GIA OR "THE INSTITUTE") IS A CALIFORNIA NONPROFIT, PUBLIC BENEFIT CORPORATION, WHICH IS THE SUCCESSOR TO THE CALIFORNIA CORPORATION INITIALLY INCORPORATED IN 1982, WHICH IN TURN IS THE SUCCESSOR TO THE OHIO CORPORATION INCORPORATED IN 1943. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: GIA IS THE WORLD'S LARGEST AND MOST RESPECTED NONPROFIT INSTITUTE OF GEMOLOGICAL LEARNING AND RESEARCH. THE INSTITUTE'S MISSION AND MOST SIGNIFICANT ACTIVITIES ARE (A) OPERATING A SCHOOL PROVIDING EDUCATION AND GRANTING DIPLOMAS IN GEMOLOGY AND RELATED AREAS; (B) PROTECTING THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS, DETERRING GEM THEFT, ASSISTING IN THE RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, AND PROMOTING STATE-OF-THE-ART RESEARCH INTO THE TECHNIQUES BY WHICH GEMS ARE MODIFIED TECHNOLOGICALLY OR GROWN IN A LABORATORY; AND (C) SUPPORTING, PERFORMING, AND PUBLISHING SCIENTIFIC RESEARCH AND ANALYSIS RELATED TO GEMS AND GEMOLOGY AND LEARNING IN RELATED FIELDS. GIA OFFERS A COMPREHENSIVE GEMOLOGY CURRICULUM TAUGHT BY A FULL-TIME, PROFESSIONAL FACULTY TO REGULARLY ENROLLED STUDENTS AT ITS ON-CAMPUS FACILITIES IN CARLSBAD, CALIFORNIA AND NEW YORK CITY, NEW YORK, AND THROUGH SUBSIDIARIES IN VARIOUS OTHER COUNTRIES. GIA ALSO OFFERS EXTENSIVE DISTANCE EDUCATION. GIA'S RESEARCHERS UTILIZE SOPHISTICATED ANALYTICAL TECHNIQUES AND EQUIPMENT TO ADVANCE THE SCIENCE OF GEMOLOGY, AND TO DETECT LABORATORY GROWN AND ALTERED GEMS. GIA'S LIBRARY AND QUARTERLY PUBLICATION, GEMS & GEMOLOGY, COLLECT AND DISSEMINATE RESEARCH ON GEMS. GIA'S LABORATORY PROTECTS THE PUBLIC FROM MISREPRESENTATION ABOUT GEMS, DETERS GEM THEFT, AND HELPS LAW ENFORCEMENT BY TRACING STOLEN GEMS, WHILE PROMOTING STATE-OF-THE-ART RESEARCH. GIA HAS BEEN CERTIFIED BY THE RESPONSIBLE JEWELLERY COUNCIL SINCE 2011, AS MEETING THE HIGHEST ETHICAL, SOCIAL AND ENVIRONMENTAL STANDARDS ESTABLISHED BY THE RJC'S CODE OF PRACTICES. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE INSTITUTE'S MISSION AND MOST SIGNIFICANT ACTIVITIES ARE (A) OPERATING A SCHOOL PROVIDING EDUCATION AND GRANTING DIPLOMAS IN GEMOLOGY AND RELATED AREAS; (B) PROTECTING THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS, DETERRING GEM THEFT, ASSISTING IN THE RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, AND PROMOTING STATE-OF-THE-ART RESEARCH INTO THE TECHNIQUES BY WHICH GEMS ARE MODIFIED TECHNOLOGICALLY OR GROWN IN A LABORATORY; AND (C) SUPPORTING, PERFORMING, AND PUBLISHING SCIENTIFIC RESEARCH AND ANALYSIS RELATED TO GEMS AND GEMOLOGY AND LEARNING IN RELATED FIELDS. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: EDUCATION: GIA OFFERS A COMPREHENSIVE GEMOLOGY CURRICULUM AT THE INSTITUTE'S CALIFORNIA AND NEW YORK CAMPUSES, AND THROUGH INTERNATIONAL SUBSIDIARIES IN INDIA, THAILAND, HONG KONG, ENGLAND, SOUTH AFRICA, BOTSWANA, AND TAIWAN. DISTANCE EDUCATION COURSES ARE DISTRIBUTED DOMESTICALLY AND INTERNATIONALLY IN A VARIETY OF LANGUAGES. IN 2022, TOTAL ENROLLMENTS WERE 16,632, COMPRISED OF 2,277 ON-CAMPUS AND 14,355 THROUGH DISTANCE EDUCATION. GIA'S EDUCATIONAL OFFERINGS COVER THE GAMUT OF GEMOLOGY SUBJECTS, INCLUDING, BUT NOT LIMITED TO: (A) THE USE OF GEMOLOGICAL INSTRUMENTS, (B) THE OPTICAL AND PHYSICAL PROPERTIES OF DIAMONDS, GEMSTONES, PEARLS AND OTHER NATURAL ORGANIC GEM MATERIALS, (C) LABORATORY GROWN DIAMONDS AND DIAMOND SIMULANTS, (D) DETECTION OF FRACTURE-FILLED DIAMONDS AND LABORATORY GROWN DIAMONDS, (E) DETERMINATION OF COLOR, CLARITY, CUT, AND CARAT WEIGHT OF DIAMONDS, (F) APPLICATION OF FTC GUIDELINES FOR JEWELRY TRANSACTIONS, (G) DETECTION OF LABORATORY GROWN, TREATED, IMITATION OR ASSEMBLED COLORED GEM MATERIALS, AND (H) DETECTION OF CULTURED, IMITATION, ASSEMBLED AND TREATED PEARLS. GIA OFFERS VARYING LEVELS OF CERTIFICATION IN THE AREAS OF DIAMONDS, COLORED STONES, PEARLS, AND JEWELRY. A GRADUATE GEMOLOGIST (G.G.) DIPLOMA FROM GIA IS RECOGNIZED AROUND THE GLOBE AS A KEY CREDENTIAL IN THE GEMOLOGICAL WORLD. IN 2003, IN RESPONSE TO A GROWING NEED FOR QUALITY SCIENCE COURSES FOR CHILDREN, GIA CREATED THE JUNIOR GEMOLOGIST PROGRAM. THE GEMKIDS PROGRAM TEACHES GEMOLOGY, GEOLOGY AND MINERALOGY TO LOCAL STUDENTS AND YOUTH GROUPS, WITH INSTRUCTION PROVIDED BY THE INSTITUTE'S INSTRUCTORS AND MEMBERS OF THE GEM AND JEWELRY INDUSTRY. IN 2022, GEMKIDS CONTENT WAS DELIVERED VIA ZOOM TO APPROXIMATELY 3,100 STUDENTS AT ROUGHLY 50 SCHOOLS. ADDITIONALLY, GEMKIDS PRESENCE AT IN-PERSON EVENTS IN 2022 RESULTED IN 1,500 CONTACTS WITH KIDS, PARENTS, AND EDUCATORS. GIA HAS ALSO CURATED THE GEMKIDS WEBSITE SINCE 2014, BRINGING INTERACTIVE, ONLINE GEMOLOGY AND GEOLOGY EDUCATION TO STUDENTS AGES 9-12. GIA HOSTS A JEWELRY CAREER FAIR AND OPEN HOUSE AT ONE OR MORE OF ITS CAMPUSES ON AN ANNUAL BASIS. THE EVENT IS FREE AND OPEN TO THE PUBLIC. AS THE JEWELRY INDUSTRY'S LARGEST JOB FAIR, THE EVENT ALWAYS ATTRACTS THE INDUSTRY'S TOP RETAILERS, MANUFACTURERS, LABORATORIES AND WHOLESALERS INTERESTED IN HIRING GIA STUDENTS AND GRADUATES. IN 2022, APPROXIMATELY 300 INDIVIDUALS ATTENDED THE CAREER FAIR AND OPEN HOUSE EVENT IN CALIFORNIA. THE MISSION OF THE INSTITUTE'S RICHARD T. LIDDICOAT GEMOLOGICAL LIBRARY AND INFORMATION CENTER IN CARLSBAD, CALIFORNIA IS TO CONTINUE AS THE WORLD'S PREMIER RESOURCE FOR INFORMATION IN THE FIELDS OF GEM AND JEWELRY-RELATED STUDIES. AS SUCH, THE INSTITUTE PROMOTES THE USE OF ITS RESOURCES FOR EDUCATION AND RESEARCH BY THE PUBLIC, THE GEM AND JEWELRY INDUSTRY, AND THE INSTITUTE'S STUDENTS, FACULTY AND ALUMNI. THE INSTITUTE'S LIBRARY HOUSES THE WORLD'S LARGEST COLLECTION OF DIAMOND, GEM AND JEWELRY RESOURCE MATERIALS. WHETHER BY PHONE, E-MAIL OR IN PERSON, THE LIBRARY STAFF SERVES SCIENTISTS, JEWELERS, GEMOLOGISTS AND STUDENTS FROM EVERY CORNER OF THE GLOBE. THE EXPERT LIBRARY STAFF DRAWS UPON A GROWING COLLECTION OF OVER 16,700 ITEMS IN ITS CIRCULATING COLLECTION, OVER 49,800 ITEMS IN THE RENOWNED CARTIER RARE BOOK REPOSITORY AND ARCHIVES, OVER 253,000 PHOTOGRAPHIC IMAGES, 2,000 VIDEOS (VHS AND DVD FORMAT), APPROXIMATELY 1,200 JOURNAL AND MAGAZINE TITLES, 250 CD-ROMS AND 130 AUDIO CDS TO PROVIDE READY REFERENCE IN THE FIELDS OF GEMOLOGY AND JEWELRY. GIA'S LIBRARY COLLECTION ALSO INCLUDES 347 UNIQUE EBOOK TITLES (517 COPIES OF EBOOKS AND AUDIOBOOKS) PURCHASED THROUGH OVERDRIVE, A DIGITAL CONTENT PROVIDER. THE EBOOK COLLECTION IS ACCESSIBLE THROUGH THE LIBBY APP. THERE ARE 947 DIGITIZED VERSIONS OF RARE WORKS, SCANNED FROM ITS COLLECTION, AVAILABLE ON INTERNET ARCHIVE (ARCHIVE.ORG). THE INSTITUTE'S MUSEUM EDUCATES THE PUBLIC ON GEMS AND GEMOLOGY, DISPLAYING CUT GEMS, MINERAL SPECIMENS AND JEWELRY. DURING 2022, MUSEUM EXHIBITS WERE LOANED TO SEVERAL NATIONAL AND INTERNATIONAL MUSEUMS, INCLUDING THE NATIONAL MUSEUM OF NATURE AND SCIENCE IN TOKYO AND THE SAN DIEGO NATURAL HISTORY MUSEUM. THE MUSEUM'S KNOWLEDGEABLE CURATORS WERE ALSO INTERVIEWED MULTIPLE TIMES ON MINERAL-RELATED TOPICS FOR THE POPULAR EDUCATIONAL WEBSITE "HOW STUFF WORKS". IN 2022, APPROXIMATELY 200 GUESTS VISITED AND TOURED THE MUSEUM THROUGHOUT THE YEAR. AS DISCUSSED BELOW, THE INSTITUTE PUBLISHES "GEMS & GEMOLOGY," A PEER REVIEWED JOURNAL THAT EDUCATES ITS READERSHIP ABOUT THE LATEST DISCOVERIES IN GEMOLOGY. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: LABORATORY: THE MISSION OF THE INSTITUTE'S LABORATORY IS TO PROTECT THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS (WHETHER INNOCENT, NEGLIGENT OR INTENTIONAL), TO DETER GEM THEFT, TO ASSIST IN RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, AND TO PROMOTE STATE-OF-THE-ART RESEARCH INTO THE TECHNIQUES BY WHICH GEMS ARE MODIFIED TECHNOLOGICALLY OR GROWN IN A LABORATORY. THE FBI'S JEWELRY AND GEM PROGRAM HAS DESIGNATED GIA AS A PARTNER LISTED ON THE FBI WEBSITE IN COMBATING GEM THEFT. IN 2022, GIA CONTINUED ITS PRACTICE OF FLAGGING STOLEN GEMSTONES IN ITS DATABASE, AND RECOVERED MULTIPLE GEMSTONES IN CASES IN WHICH STONES WERE RESUBMITTED TO THE LABORATORY AFTER HAVING BEEN STOLEN. GIA ALSO GRADED STONES FOR LAW ENFORCEMENT AT NO COST AND RESPONDED TO MANY INFORMATION REQUESTS FROM LAW ENFORCEMENT AGENCIES. FURTHERMORE, GIA PROVIDED MANY DOCUMENTS AT THE REQUEST OF LAW ENFORCEMENT TO ASSIST THEM IN THEIR DUTIES. THE LABORATORY FULFILLS ITS MISSION BY EXAMINING AND CLASSIFYING INDIVIDUAL GEM MATERIALS SUBMITTED TO THE GIA LABORATORY AND ITS INTERNATIONAL SUBSIDIARIES' LABORATORIES. NATURAL AND LABORATORY GROWN DIAMONDS ARE IDENTIFIED AND GRADED, WITH REPORTS ISSUED ON THEIR PRECISE IDENTIFYING FEATURES AND WITH QUALITY ASSESSMENTS ON THE 4CS: COLOR, CLARITY, CUT AND CARAT WEIGHT. COLORED GEMSTONES, LABORATORY GROWN COLORED STONES, PEARLS AND CULTURED PEARLS ARE IDENTIFIED, WITH REPORTS ISSUED UPON CLIENT REQUEST. THE DISTINGUISHING CHARACTERISTICS AND FEATURES OF A GIVEN GEM ARE UNIQUE TO THAT GEM IN MUCH THE SAME WAY A FINGERPRINT IS UNIQUE TO AN INDIVIDUAL PERSON. ONCE A GEM HAS BEEN SUBMITTED FOR EXAMINATION, ITS CHARACTERISTICS AND FEATURES ARE RECORDED FOR FUTURE REFERENCE IN CASE IT IS EVER RESUBMITTED, EITHER IN THE NORMAL COURSE OF EVENTS OR IN QUESTIONABLE CIRCUMSTANCES, SUCH AS WITH LOST OR STOLEN ITEMS. ADDITIONALLY, IF REQUESTED, AN IDENTIFICATION CODE CAN BE LASER INSCRIBED UPON THE GEM. THE SUBSTANTIAL AND CONTINUOUS VOLUME OF GEM MATERIALS THAT ARE SUBMITTED FOR EXAMINATION, TOGETHER WITH THE LARGE COLLECTION OF COMPARISON GEMS ACQUIRED BY GIA, CONSTITUTE AN INVALUABLE DATABASE FOR THE RESEARCH AND PUBLIC SERVICE CONDUCTED BY THE INSTITUTE. TO MAKE THIS PUBLIC SERVICE POSSIBLE, GIA CHARGES RELATIVELY MODEST FEES THAT VARY BY THE TYPE AND SIZE OF THE GEM MATERIAL. IT SHOULD BE NOTED THAT GIA DOES NOT APPRAISE ANY GEM MATERIALS OR OTHERWISE ESTABLISH THEIR MARKET VALUE. COMMERCE IN GEMS IS GLOBAL, WITH THE RESULT THAT MANY GEM MATERIALS SOLD BY FOREIGN GEM OWNERS OR DEALERS ULTIMATELY FIND THEIR WAY TO THE U.S. MARKET, EITHER THROUGH WHOLESALE DISTRIBUTION OR FUTURE RESALE. MOST DIAMONDS PURCHASED IN THE U.S. HAVE BEEN MINED AND PROCESSED OUTSIDE OF THIS COUNTRY. SOME PROPORTION OF THOSE DIAMONDS HAVE HISTORICALLY NOT BEEN SUBMITTED TO GIA'S LABORATORY BECAUSE OF THE GEOGRAPHIC DISTANCE BETWEEN GIA'S LABORATORY FACILITIES IN CALIFORNIA AND NEW YORK AND THE DISTANT LOCATIONS OF MINES AND DEALERS. TO ENHANCE ITS ABILITY TO PURSUE THE MISSION OF PROTECTING THE GEM PURCHASING PUBLIC, DETERRING THEFT, AND ASSISTING IN RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, GIA OPERATES LABORATORIES THROUGH ITS BRANCHES AND WHOLLY-OWNED SUBSIDIARIES IN BELGIUM, BOTSWANA, HONG KONG, INDIA, ISRAEL, JAPAN, SOUTH AFRICA, AND THAILAND. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: RESEARCH & PUBLICATIONS: THE INSTITUTE'S RESEARCHERS UTILIZE SOPHISTICATED ANALYTICAL TECHNIQUES AND SCIENTIFIC EQUIPMENT TO ADVANCE THE SCIENCE OF GEMOLOGY, INCLUDING DETECTION OF LABORATORY GROWN GEMS, CULTURED PEARLS AND TREATED NATURAL GEMS. THE MISSION OF THE RESEARCH DEPARTMENT IS TO (1) CHARACTERIZE THE GEMOLOGICAL PROPERTIES OF GEM MATERIALS AND DEVELOP PRACTICAL WAYS TO IDENTIFY THEM; (2) UNDERSTAND THE CONDITIONS OF GEMSTONE FORMATION IN THE EARTH, AS WELL AS THE CONDITIONS OF GEM TREATMENT AND EVALUATION OF ANY LABORATORY GROWTH PROPERTIES, AS A FURTHER BASIS FOR DEVELOPING MEANS OF GEM IDENTIFICATION; (3) INVESTIGATE THE FACTORS THAT ARE RESPONSIBLE FOR THE APPEARANCE OF DIAMONDS AND OTHER GEM MATERIALS, SO AS TO ESTABLISH METHODS TO EVALUATE THEIR QUALITY; AND (4) DESIGN AND IMPROVE INSTRUMENTS FOR GEM STONE TESTING. THE INSTITUTE IS THE WORLD LEADER IN RESEARCHING THE METHODS BY WHICH GEM MATERIALS CAN BE ENHANCED IN COLOR OR CLARITY OR GROWN IN A LABORATORY. THIS RESEARCH HELPS PROTECT THE PUBLIC FROM POSSIBLE MISREPRESENTATIONS PERTAINING TO GEM MATERIALS. THE INSTITUTE ACTS AS A CONSUMER ADVOCATE TO ENSURE THAT CONSUMERS, ALONG WITH RETAILERS AND WHOLESALERS, ARE FULLY APPRISED OF THE TRUE CHARACTER - NATURAL, TREATED, OR LABORATORY GROWN - OF ANY SPECIFIC GEM. SINCE 2011, GIA HAS PARTICIPATED IN AN AGREEMENT WITH UNITED STATES CUSTOMS AND BORDER PROTECTION TO COLLABORATE ON ANALYSES OF GEMSTONES IN ORDER TO DETERMINE THEIR IDENTITY (NATURAL, TREATED-NATURAL OR LABORATORY GROWN), INDICATIONS OF COUNTRY OF ORIGIN, AND DEVELOP A DATABASE FOR INTERNATIONAL, FEDERAL, STATE, AND LOCAL LAW ENFORCEMENT THAT WILL FACILITATE TRADE AND LAW ENFORCEMENT. THIS COLLABORATION HELPS TO LESSEN THE BURDENS OF GOVERNMENT. IN 2014, GIA INTRODUCED THE GIA DIAMONDCHECK, A DEVICE THAT DRAWS ON GIA'S DECADES OF RESEARCH TO ASSIST IN THE IDENTIFICATION OF DIAMONDS THAT ARE POTENTIALLY LABORATORY GROWN OR COLOR-TREATED. AS PART OF ITS PUBLIC BENEFIT MISSION, GIA, WORKING WITH THE WORLD FEDERATION OF DIAMOND BOURSES (WFDB), MADE THE DIAMONDCHECK AVAILABLE AT NO COST TO 20 DIAMOND BOURSES AND OTHER ORGANIZATIONS AROUND THE WORLD. IN 2017, GIA INTRODUCED A PORTABLE INSTRUMENT ID100 FOR QUICK SEPARATION OF NATURAL DIAMONDS FROM LAB GROWN DIAMONDS. TO DISSEMINATE THEIR FINDINGS, GIA RESEARCHERS SPEAK AT SEMINARS, POST DEVELOPMENTS ONLINE ON THE GIA WEBSITE, AND PUBLISH FREQUENTLY IN SCHOLARLY TEXTS AND JOURNALS, INCLUDING "GEMS & GEMOLOGY," GIA'S QUARTERLY SCIENTIFIC PUBLICATION. GEMS & GEMOLOGY, WHICH HAS BEEN IN CONTINUOUS PUBLICATION FOR 89 YEARS, PROVIDES INFORMATION ON NEW GEM MATERIALS, GEM LOCALITIES, TREATMENT AND LAB GROWTH TECHNIQUES, AND IDENTIFICATION METHODS. THE JOURNAL KEEPS STUDENTS AND PROFESSIONALS ALIKE UP-TO-DATE ON THE MOST CRITICAL TOPICS IN GEMOLOGY. IN RECENT YEARS, THE PUBLICATION OF ITS RESEARCH BY GIA SCIENTISTS HAS BEEN INCLUDED IN PROMINENT JOURNALS SUCH NATURE AND SCIENCE, OFTEN IN COLLABORATION WITH OTHER RESEARCHERS FROM OTHER INSTITUTIONS. GIA HAS PUBLISHED THREE BOOKS CONTAINING ARTICLES FROM GEMS & GEMOLOGY, ON SYNTHETIC, COLORED AND TREATED DIAMONDS. THERE IS A CONSTANT DEMAND FOR BACK ISSUES BY STUDENTS, PROFESSIONALS AND HOBBYISTS RESEARCHING NUMEROUS GEMOLOGICAL SUBJECTS. IN ADDITION, GIA SUMMARIZES TECHNICAL ARTICLES PUBLISHED BY GIA RESEARCHERS IN GEMS & GEMOLOGY FOR REPUBLICATION IN TRADE JOURNALS NATIONALLY AND INTERNATIONALLY, SO THE INFORMATION CAN BE BROADLY DISSEMINATED. SINCE NOVEMBER 2008, THE JOURNAL HAS BEEN AVAILABLE ONLINE AS WELL AS IN PRINT. BEGINNING IN 2013, GIA MADE ALL OF ITS CURRENT AND BACK ISSUES OF GEMS & GEMOLOGY AVAILABLE ONLINE AT NO COST, AS WELL AS SUPPLEMENTAL MEDIA AND DATA. GIA ALSO LAUNCHED THE GEM ENCYCLOPEDIA IN 2013, WHICH MAKES DETAILED BUT USER-FRIENDLY INFORMATION ON A RANGE OF GEMSTONES AVAILABLE TO THE GENERAL PUBLIC ON ITS WEBSITE. GIA'S WEBSITE IS AVAILABLE IN THREE LANGUAGES. IN 2020, GIA INITIATED A FACEBOOK GROUP, WHICH HAS NEARLY 35,000 MEMBERS AND WHERE GIA POSTS RESEARCH AND EDUCATIONAL CONTENT. WEBSITE PAGES VIEWS FOR THE YEAR 2022: GEMS & GEMOLOGY: 851,383 RESEARCH & NEWS: 555,249 PUBLICATION INFORMATION FOR THE YEAR 2022: ISSUES DISTRIBUTED TO SUBSCRIBERS: 2,951 CURRENT ISSUES ORDERED: 2,105 BACK ISSUES ORDERED: 2,095 TOTAL ISSUES: 7,151 FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD OF GOVERNORS, LAWRENCE MA AND ELLIOT TANNENBAUM, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF GOVERNORS DELEGATES THE DETAILED REVIEW AND APPROVAL OF FORM 990 TO A 990 REVIEW TEAM. THE 990 REVIEW TEAM CONSISTS OF: GIA PRESIDENT / CEO; ITS SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER; ITS SENIOR VICE PRESIDENT AND GENERAL COUNSEL; GIA'S OUTSIDE COUNSEL SPECIALIZING IN NON-PROFIT AND TAX MATTERS; AND THE VICE PRESIDENT OF GLOBAL TAX OF GIA. THE 990 REVIEW TEAM SCHEDULES A MEETING WITH THE FIRM THAT PREPARES THE FORM 990 TO CONDUCT A DETAILED REVIEW. THE FIRM RESPONDS TO ANY OUTSTANDING QUESTIONS OR CONCERNS RAISED BY THE 990 REVIEW TEAM. ONCE THE REVIEW TEAM COMPLETES ITS DETAILED REVIEW, THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF GOVERNORS PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICIES THROUGH ANNUAL CIRCULATION OF A CONFLICT OF INTEREST QUESTIONNAIRE, WHICH IS COMPLETED AND SIGNED BY ALL MEMBERS OF THE BOARD OF GOVERNORS, OFFICERS, AND MEMBERS OF EXECUTIVE MANAGEMENT. IN ADDITION, GIA REQUIRES ALL EMPLOYEES (INCLUDING THOSE OF ITS INTERNATIONAL AFFILIATES) TO REVIEW ITS CODE OF CONDUCT, AS IT MAY BE AUGMENTED BY GIA FROM TIME TO TIME, AND TO ACKNOWLEDGE BY SIGNATURE ADHERENCE TO ITS ETHICAL STANDARDS, INCLUDING ITS CONFLICT OF INTEREST POLICIES, AS A CONDITION OF EMPLOYMENT. THE LEGAL DEPARTMENT REVIEWS CONTRACTUAL RELATIONSHIPS ENTERED INTO BY THE ORGANIZATION AND IS RESPONSIBLE FOR MONITORING CONFLICTS OF INTEREST AS REPORTED THROUGH DISCLOSURES AND BY OTHER MEANS. FURTHER, IT IS INCUMBENT UPON ALL OF THE AFOREMENTIONED PARTIES TO DISCLOSE ANY CONFLICTS OF INTEREST IN THE COURSE OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS EXECUTIVE COMMITTEE MEETS ANNUALLY IN NOVEMBER TO REVIEW THE OFFICER COMPENSATION AND TO SET THE PAY RATE FOR THE SUBSEQUENT YEAR. GIA HAS RETAINED THE SERVICES OF MERCER, INTERNATIONAL COMPENSATION AND BENEFITS CONSULTANTS, WHICH DISTRIBUTES PERIODIC MARKET PAY COMPARISONS OF COMPARABLE JOBS TO THOSE OF GIA OFFICERS. THIS INFORMATION IS PROVIDED TO THE BOARD EXECUTIVE COMMITTEE FOR REVIEW AND USE. IN THE INTERIM YEARS BETWEEN COMPREHENSIVE MARKET STUDIES, GIA OBTAINS SUCH MARKET DATA AS AVERAGE MERIT INCREASES FROM MERCER AND ALSO TAKES THE CPI INTO CONSIDERATION. FORM 990, PART VI, SECTION C, LINE 19 GIA'S EMPLOYEE CODE OF CONDUCT, WHICH INCLUDES A SECTION ON CONFLICTS OF INTEREST, IS POSTED ON GIA'S WEBSITE. THIS CODE GOVERNS EMPLOYEES OF GIA AND ITS GLOBAL SUBSIDIARIES. FINANCIAL STATEMENTS ARE INCORPORATED INTO THE FORM 990, WHICH IS AVAILABLE TO THE PUBLIC. THE INSTITUTE'S GOVERNING DOCUMENTS ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: THE BOARD PERIODICALLY REVIEWS THE BOARD COMPENSATION PROCESS AND SETS NEW COMPENSATION AMOUNTS. COMMITTEE CHAIRS AND THE CHAIR OF THE BOARD RECEIVE ADDITIONAL COMPENSATION IN LIGHT OF THEIR ADDITIONAL RESPONSIBILITIES. THE AMOUNT OF COMPENSATION WAS FOUND BY EXPERT OPINION OF FREDERIC W. COOK & CO. INC. TO BE REASONABLE AND COMPARABLE TO BOARD COMPENSATION PAID BY SIMILAR ORGANIZATIONS. EACH GOVERNOR HAS THE OPTION TO DECLINE THIS STIPEND. FORM 990, PART VIII, LINES 3 AND 5: CERTAIN PAYMENTS BY RELATED ORGANIZATIONS ARE REPORTED AS EXEMPT FUNCTION REVENUE (COLUMN B) AND ARE TREATED ON SCHEDULE A AS GROSS RECEIPTS FROM A RELATED CHARITABLE ACTIVITY PER TREASURY REGULATIONS SECTION 1.509(A)-3(M). SUCH PAYMENTS ARE RECEIVED UNDER LICENSE AGREEMENTS BY WHICH GIA LICENSED ITS INTELLECTUAL PROPERTY SPECIFICALLY TO ENABLE ITS AFFILIATE DIAMOND GRADING LABORATORIES OUTSIDE THE US TO GRADE DIAMONDS CUT AND POLISHED IN OTHER REGIONS OF THE WORLD AND AS DIVIDENDS PAID BY SUCH AFFILIATE LABORATORIES. ENABLING ITS AFFILIATES TO GRADE DIAMONDS IN THE DIAMOND MANUFACTURING REGIONS OF THE WORLD IS DIRECTLY RELATED TO GIA GREATLY INCREASING THE PROPORTION OF THE WORLD'S DIAMONDS GRADED PURSUANT TO THE INSTITUTE'S SYSTEMS AND STANDARDS AND THEREBY TO SIGNIFICANTLY ENLARGING THE NUMBER OF DIAMOND CONSUMERS GIA PROTECTS FROM FRAUD AND MISREPRESENTATION. HAD GIA ITSELF UNDERTAKEN DIAMOND GRADING IN THOSE REGIONS, THE RESULTING REVENUE WOULD CLEARLY HAVE BEEN GROSS RECEIPTS FROM A RELATED ACTIVITY FOR PURPOSES OF IRC SECTION 509(A)(2). FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 22,569,292. MANAGEMENT AND GENERAL EXPENSES 778,037. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,347,329. OUTSOURCED RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 5,012,261. MANAGEMENT AND GENERAL EXPENSES 172,789. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,185,050. OTHER PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 2,815,944. MANAGEMENT AND GENERAL EXPENSES 97,075. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,913,019. TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 1,227,596. MANAGEMENT AND GENERAL EXPENSES 42,319. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,269,915. RECRUITING: PROGRAM SERVICE EXPENSES 723,602. MANAGEMENT AND GENERAL EXPENSES 24,945. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 748,547. COMPLIANCE PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 196,994. MANAGEMENT AND GENERAL EXPENSES 6,791. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 203,785. FORM 990, PART XI, LINE 9: UNREALIZED FOREIGN EXCHANGE LOSS -737,302. 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4374501 ACCRUAL GIA CHINA LIMITED R 591016 ACCRUAL GIA ENGLAND R 187871 ACCRUAL GIA HONG KONG LABORATORY LIMITED R 17399039 ACCRUAL GIA LABORATORY SINGAPORE PTE LTD R 1016985 ACCRUAL GIA TOKYO GODO KAISHA R 153224 ACCRUAL GEMOLOGICAL RESEARCH (THAILAND) COMPANY LTD S 1280797 ACCRUAL GIA (INTERNATIONAL) COMPANY LTD S 860 ACCRUAL GIA BELGIUM NV S 2578 ACCRUAL GIA EDUCATION AND LABORATORY (PTY) LTD S 937771 ACCRUAL GIA EDUCATION AND LABORATORY LIMITED S 1617444 ACCRUAL GIA HONG KONG LABORATORY LIMITED S 60275 ACCRUAL GIA HONG KONG LIMITED S 1100 ACCRUAL GIA INDIA LABORATORY PRIVATE LIMITED S 32953531 ACCRUAL GIA TOKYO GODO KAISHA S 312133 ACCRUAL FORM 990, SCHEDULE R, PART V: THE TRANSACTIONS REPORTED BETWEEN GIA AND THE RELATED ORGANIZATIONS LISTED WITH TRANSACTION TYPE A INVOLVE THE PAYMENT OF ROYALTIES AND INTEREST BY THE RELATED ORGANIZATIONS TO GIA FOR THE USE OF CERTAIN INTELLECTUAL PROPERTY. THESE RELATED ORGANIZATIONS ARE NOT TAX EXEMPT UNDER SECTION 501(C)(3) OF THE CODE, BECAUSE THEY ARE NOT LOCATED OR OPERATING IN THE UNITED STATES. HOWEVER, IF THESE ORGANIZATIONS WERE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE CODE WITH THE SAME EXEMPT PURPOSES AS GIA, THESE ORGANIZATIONS WOULD HAVE NO UNRELATED BUSINESS INCOME, SINCE ALL OF THEIR INCOME AND ACTIVITIES ARE IDENTICAL IN CHARACTER TO GIA'S TAX-EXEMPT INCOME AND ACTIVITIES. ACCORDINGLY, THESE ROYALTY PAYMENTS ARE NOT TREATED AS UNRELATED BUSINESS INCOME FOR GIA UNDER SECTION 512(B)(13) OF THE CODE. THE TRANSACTIONS REPORTED BETWEEN GIA AND THE RELATED ORGANIZATIONS LISTED WITH TRANSACTION TYPE S ARE ASSOCIATED WITH THE PROVISION OF GRADING, EDUCATION, AND MANAGEMENT SERVICES BY GIA. THESE SERVICES ARE PERFORMED IN GIA'S ORDINARY COURSE OF BUSINESS AS DESCRIBED IN SCHEDULE O, PART III, LINE 4B. THE TRANSACTIONS REPORTED BETWEEN GIA AND THE RELATED ORGANIZATIONS LISTED WITH TRANSACTION TYPE R ARE ASSOCIATED WITH RESEARCH AND OTHER SERVICES.