AMERICAN GEM TRADE ASSOCIATION INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN GEM TRADE ASSOCIATION INC (EIN 13-3067918)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-11
- IRS object ID
- 202223159349306512
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-11T16:25:46-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 412024514 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOMMERVILLE & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 MATLOCK RD STE 201 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 760152936 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133067918 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AMERICAN GEM TRADE ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AMER | BusinessNameControlTxt |
| Phone | 2147424367 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 LBJ FREEWAY SUITE 840 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75234 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANN BARKER | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 2147424367 | PhoneNum |
| Signature | 2022-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANN | PersonFirstNm |
| Person Last | BARKER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELAINE L SOMMERVILLE CPA | PreparerPersonNm |
| PTIN | P00204458 | PTIN |
| Phone | 8177955046 | PhoneNum |
| Preparation | 2022-11-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN FORD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 LBJ FREEWAY SUITE 840 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75234 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,335,449 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.AGTA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1981 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 8 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $121,736 | TotalGrossUBIAmt |
| CY Contributions Grants | $318,031 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,043,893 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,014,173 | CYProgramServiceRevenueAmt |
| PY Investment Income | $682 | PYInvestmentIncomeAmt |
| CY Investment Income | $136 | CYInvestmentIncomeAmt |
| CY Other Revenue | $3,078 | CYOtherRevenueAmt |
| PY Total Revenue | $3,044,575 | PYTotalRevenueAmt |
| CY Total Revenue | $1,335,418 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $906,045 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $733,115 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,024,052 | PYOtherExpensesAmt |
| CY Other Expenses | $973,899 | CYOtherExpensesAmt |
| PY Total Expenses | $2,930,097 | PYTotalExpensesAmt |
| CY Total Expenses | $1,707,014 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $114,478 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$371,596 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,421,309 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,861,638 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $415,197 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,211,202 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,006,112 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $650,436 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE AMERICAN GEM TRADE ASSOCIATION (AGTA) IS AN ASSOCIATION OF UNITED STATES AND CANADIAN TRADE PROFESSIONAL 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | 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 2021 IT PRODUCED TWO 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 2021 FEATURING ARTICLES RELATED TO THE GEM INDUSTRY AND SHOWCASING THE WINNERS IN THE ANNUAL SPECTRUM AWARDS. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 4 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 8 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOAN L ALLEN | PersonNm |
| Phone | 2147424367 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3030 LBJ FREEWAY SUITE 840 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75234 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| DOUGLAS HUCKER | ||||||
| CEO | 40.00 | Yes (X) | $185,592 | $0 | $29,174 | |
| JOAN L ALLEN | ||||||
| CFO | 40.00 | Yes (X) | $79,973 | $0 | $15,282 | |
| RUBEN BINDRA | ||||||
| PRESIDENT/DI | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| KIM COLLINS | ||||||
| 1ST V. PRES/ | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| DAVID NASSI | ||||||
| 2ND V. PRES/ | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| SHEKHAR SHAH | ||||||
| TREASURER/DI | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ANN BARKER | ||||||
| SECRETARY/DI | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| JEFFREY BILGORE | ||||||
| PAST PRES/DI | 1.00 | $0 | $0 | $0 | Yes (X) | |
| ROHAN AGRAWAL | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JEFF MASON | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| ROBERT BENTLEY | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| SHIKSHA NAHETA | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| RENATA ABRAHAMI | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JOHN BRADSHAW | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| NIVEET NAGPAL | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| EVAN CAPLAN | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JONATHAN GAD | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $265,565 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $44,456 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $318,031 | GovernmentGrantsAmt |
| Total Contributions | $318,031 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| TRADE SHOWS REVENUE | 541800 | $431,255 | $431,255 | |
| MEMBERSHIP DUES | 900099 | $377,512 | $377,512 | |
| ADVERTISING - PRISM | 900099 | $85,158 | $11,122 | $74,036 |
| GEM COMPETITION REVENUE | 900099 | $72,548 | $72,548 | |
| ADVERTISING - DIRECTORY | 541800 | $43,900 | $43,900 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,800 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $3,800 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,014,173 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $136 | TotalRevenueColumnAmt |
| Exclusion | $136 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $153 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $31 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $122 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $122 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Total Revenue Column | $2,956 | TotalRevenueColumnAmt |
| Exclusion | $2,956 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,956 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,335,418 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $892,559 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $121,736 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,092 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,021 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,288 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,644 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,303 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,859 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,565 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,882 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,953 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,403 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,313 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,670 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,121 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,113 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $226,002 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,003 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,951 | TotalAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| READERSHIP COSTS | $35,582 |
| TAXES | $4,267 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,074 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,707,014 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,482 | BOYAmt |
| EOY | $80,851 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,111,036 | BOYAmt |
| EOY | $2,588,005 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,262 | BOYAmt |
| EOY | $21,756 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,290 | BOYAmt |
| EOY | $3,849 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,252 | BOYAmt |
| EOY | $109,418 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $295,904 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $238,145 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,987 | BOYAmt |
| EOY | $57,759 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,421,309 | BOYAmt |
| EOY | $2,861,638 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,504 | BOYAmt |
| EOY | $97,623 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $139,627 | BOYAmt |
| EOY | $2,027,714 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,066 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $85,865 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $415,197 | BOYAmt |
| EOY | $2,211,202 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,006,112 | BOYAmt |
| EOY | $650,436 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,006,112 | BOYAmt |
| EOY | $650,436 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,421,309 | BOYAmt |
| EOY | $2,861,638 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$371,596 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $15,920 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | Yes (true) | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | false | AgreeCarryoverPriorYearInd |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $295,904 | OtherCostOrOtherBasisAmt |
| Depreciation | $238,145 | DepreciationAmt |
| Book Value | $57,759 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $57,759 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CUSTOMER DEPOSITS | Desc |
| Amt | $85,865 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $85,865 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DOUGLAS HUCKER | PersonNm |
| Title | CEO | TitleTxt |
| Base Compensation Filing Org | $185,592 | BaseCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $1,500 | DeferredCompensationFlngOrgAmt |
| Nontaxable Benefits Filing Org | $27,674 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $214,766 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE AMERICAN GEM TRADE ASSOCIATION (AGTA) IS AN ASSOCIATION OF UNITED STATES AND CANADIAN TRADE PROFESSIONAL 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. |
| FORM 990, PAGE 2, PART III, LINE 4A | 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 2021 IT PRODUCED TWO 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 2021 FEATURING ARTICLES RELATED TO THE GEM INDUSTRY AND SHOWCASING THE WINNERS IN THE ANNUAL SPECTRUM AWARDS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS MUST BE PROPOSED AND VOTED UPON. THERE ARE SIX CLASSES OF MEMBERS: CHARTER, FIRM, AFFLILIATE RETAIL, AFFILIATE MEMBER-AT-LARGE, HONORARY, AND STUDENT AFFILIATE. THE BOARD OF DIRECTORS VOTE ON THE QUALIFIED APPLICANTS FOR MEMBERSHIP IN THE CORPORATION. IN ORDER TO BE ELECTED AS A NEW MEMBER OF THE CORPORATION, AN APPLICANT MUST RECEIVE THE POSITIVE VOTE OF AT LEAST A MAJORITY OF A QUORUM OF THE BOARD OF DIRECTORS. UPON AN APPLICANT'S ELECTION AS A NEW MEMBER OF THE CORPORATION, THE BOARD OF DIRECTORS SHALL SPECIFY THE NEW MEMBER'S MEMBERSHIP CLASS. ONLY FIRM MEMBERS POSSESS VOTING RIGHTS. THE PRESIDENT SHALL BE ELECTED BY THE VOTE OF THE FIRM MEMBERS. DIRECTORS SHALL BE ELECTED BY THE FIRM MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | IN ORDER TO BE ELECTED AS A NEW MEMBER OF THE CORPORATION, AN APPLICANT MUST RECEIVE THE POSITIVE VOTE OF AT LEAST A MAJORITY OF A QUORUM OF THE BOARD OF DIRECTORS. UPON AN APPLICANT'S ELECTION AS A NEW MEMBER OF THE CORPORATION, THE BOARD OF DIRECTORS SHALL SPECIFY THE NEW MEMBER'S MEMBERSHIP CLASS. ONLY FIRM MEMBERS POSSESS VOTING RIGHTS. THE PRESIDENT SHALL BE ELECTED BY THE VOTE OF THE FIRM MEMBERS. DIRECTORS SHALL BE ELECTED BY THE FIRM MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | ONLY MEMBERS OF THE FIRM CLASS OF MEMBERS POSSESS VOTING RIGHTS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY AN CERTIFIED PUBLIC ACCOUNTING FIRM. UPON INITIAL COMPLETION, THE RETURN IS PRESENTED TO THE CEO, TREASURER, AND CFO FOR THEIR REVIEW. AFTER MAKING ANY RECOMMENDED CORRECTIONS THE RETURN IS THEN PROVIDED TO THE FINANCE COMMITTEE AND THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND FINAL APPROVAL FOR FILING WITH THE IRS. THE FINAL RETURN IS PROVIDED TO THE BOARD OF DIRECTORS AT THE NEXT REGULARLY SCHEDULED BOARD MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THIS CONFLICT OF INTEREST POLICY REQUIRES THAT, PRIOR TO THE INITIAL ELECTION OF THE PRESIDENT OR ANY DIRECTOR, AND ANNUALLY THEREAFTER, SUCH DIRECTOR SHALL COMPLETE, EXECUTE AND SUBMIT TO THE SECRETARY OF THE CORPORATION A WRITTEN STATEMENT (I) IDENTIFYING, TO THE BEST OF THE DIRECTOR'S KNOWLEDGE, ANY ENTITY OF WHICH SUCH DIRECTOR IS AN OFFICER, DIRECTOR, TRUSTEE, MEMBER, OWNER (EITHER AS A SOLE PROPRIETOR OR A PARTNER), OR EMPLOYEE AND WITH WHICH THE CORPORATION HAS A RELATIONSHIP, AND ANY TRANSACTION IN WHICH THE CORPORATION IS A PARTICIPANT AND IN WHICH THE DIRECTOR MIGHT HAVE A CONFLICTING INTEREST; AND (II) AFFIRMING THAT THE DIRECTOR (A) HAS READ AND UNDERSTANDS THIS CONFLICTS OF INTEREST POLICY; AND (B) AGREES WITH THE POLICY. IN ADDITION, THE CEO AND EACH COMMITTEE MEMBER OF THE CORPORATION SHALL ANNUALLY COMPLETE, EXECUTE AND SUBMIT TO THE SECRETARY OF THE CORPORATION SUCH WRITTEN STATEMENT. THE SECRETARY SHALL PROVIDE A COPY OF ALL ANNUAL COMPLETED AND EXECUTED STATEMENTS TO THE CHAIR OF THE AUDIT COMMITTEE PRIOR TO THE DATE ON WHICH THE INDEPENDENT AUDITOR COMMENCES THE ANNUAL AUDIT OF THE CORPORATION'S FINANCIAL STATEMENTS. AN INTERESTED PERSON MUST PROMPTLY DISCLOSE IN WRITING TO THE BOARD OF DIRECTORS OR THE RELEVANT COMMITTEE OF THE CORPORATION THE EXISTENCE OF ANY FINANCIAL INTEREST, WHICH SUCH INTERESTED PERSON MAY HAVE OR POSSESS WITH RESPECT TO A TRANSACTION OR ARRANGEMENT THAT IS BEING CONSIDERED BY THE CORPORATION, WHEREUPON THE INTERESTED PERSON SHALL BE GIVEN THE OPPORTUNITY TO DISCLOSE AND SHALL DISCLOSE ALL MATERIAL FACTS REGARDING THE FINANCIAL INTEREST. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT A MEETING OF THE BOARD OF DIRECTORS OR THE RELEVANT COMMITTEE OF THE CORPORATION, BUT FOLLOWING SUCH PRESENTATION THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND ANY VOTE ON, THE TRANSACTION OR ARRANGEMENT UNDER CONSIDERATION BY THE CORPORATION. IF APPROPRIATE, THE BOARD OF DIRECTORS OR THE RELEVANT COMMITTEE MAY APPOINT ONE OR MORE DISINTERESTED PERSONS TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING REASONABLE DUE DILIGENCE, THE BOARD OF DIRECTORS OR THE RELEVANT COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR DISINTERESTED COMMITTEE MEMBERS, AS THE CASE MAY BE, WHETHER THE TRANSACTION OR ARRANGEMENT UNDER CONSIDERATION IS IN THE BEST INTEREST OF THE CORPORATION AND FOR ITS OWN BENEFIT AND WHETHER SUCH TRANSACTION OR ARRANGEMENT IS FAIR AND REASONABLE TO THE CORPORATION AND FOLLOWING SUCH VOTE, THE BOARD OF DIRECTORS OR THE RELEVANT COMMITTEE SHALL MAKE ITS DECISION IN CONFORMITY WITH SUCH VOTE WHETHER OR NOT TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE VOTES CAST BY EACH DISINTERESTED DIRECTOR OR DISINTERESTED COMMITTEE MEMBER IN ANY VOTE TAKEN PURSUANT TO THIS SECTION 2 OF ARTICLE XVI SHALL BE SPECIFICALLY RECORDED IN THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OR THE RELEVANT COMMITTEE, AS THE CASE MAY BE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE TO REVIEW UPON REQUEST AT THE ORGANIZATION'S OFFICE LOCATED AT 3030 LBJ FREEWAY, SUITE 840, DALLAS, TEXAS 75234. |
Comments