2022-11-15T16:47:46-06:00 2021-12-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE STE 4200 INDIANAPOLIS IN 462045108 990 2021-01-01 953797687 GEMOLOGICAL INSTITUTE OF AMERICA INC GEMO 7606034000 5345 ARMADA DRIVE CARLSBAD CA 920084602 DAVID J TEARLE SENIOR VP & CFO 7606034000 2022-11-15 1 DAVID TEARLE 999009999 JEFFREY D FRANK P00287234 3174648600 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SUSAN JACQUES 5345 ARMADA DRIVE CARLSBAD CA 920084602 451887516 0 X WWW.GIA.EDU X 1931 CA SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT. 18 15 1335 0 963745 0 347414 658727 133630247 203953543 23577617 57448963 44557698 96310876 202112976 358372109 7465617 1576956 0 0 115321577 145194816 0 0 41922 90939950 106513967 213727144 253285739 -11614168 105086370 629848234 751479213 44019961 51868011 585828273 699611202 X SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT. 0 0 29726120 1576956 11178588 EDUCATION: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 182996312 192547901 LABORATORY: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 11043956 84345 RESEARCH & PUBLICATIONS: SEE SCHEDULE O FOR DESCRIPTION OF EXEMPT PURPOSE ACHIEVEMENTS. 223766388 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 1 1 0 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 121 0 1 1335 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 18 15 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AK AR CA CT FL GA IL KS KY MD MA MI MN MS NH NJ NY NC OR PA RI SC TN UT VA WV WI X DAVID J TEARLE 7606034000 5345 ARMADA DRIVE CARLSBAD CA 920084602 X SUSAN JACQUES PRESIDENT/CEO 39.00 1.00 X X 715457 0 57779 THOMAS MOSES EXECUTIVE VP 39.00 1.00 X X 721341 0 50837 ANNA MARTIN SVP, GLOBAL DEVELOPMENT 40.00 0.00 X 535295 0 49519 DAVID TEARLE SVP & CFO 39.00 1.00 X 531956 0 50276 PRITESH PATEL SVP & COO 40.00 0.00 X 473842 0 51071 JENNIFER WILSON SVP, GENERAL COUNSEL 39.00 1.00 X 447241 0 51019 ELIZABETH KEATING VP, CHIEF ETHICS/COMPL OFFICER 40.00 0.00 X 381795 0 49398 MARK BUNTZ SVP, CHIEF MARKETING OFFICER 40.00 0.00 X 380082 0 48062 JOHN HALL VP & CIO 40.00 0.00 X 358292 0 58537 DUNCAN PAY SVP, CHIEF ACADEMIC OFFICER 40.00 0.00 X 365713 0 48641 PHILLIP YANTZER VP, LABORATORY SERVICES 40.00 0.00 X 351437 0 44987 WUYI WANG VP, RESEARCH & DEVELOPMENT 40.00 0.00 X 347389 0 48787 LUCY XIA VP, GLOBAL LAB PLANNING 40.00 0.00 X 334617 0 49228 DAVID LIN VP, CHIEF INFO SEC OFFICER 40.00 0.00 X 333928 0 45490 LISA GARRIS VP, HUMAN RESOURCES 40.00 0.00 X 272339 0 39912 SUSAN SCHINDELAR FORMER KEY EMPLOYEE 40.00 0.00 X 189307 0 0 DIONE D KENYON GOVERNOR 7.00 0.00 X 35500 0 0 THOMAS INSLEY GOVERNOR 6.00 0.00 X 32500 0 0 BARBARA DUTROW GOVERNOR 5.00 0.00 X 29000 0 0 STEPHEN KAHLER GOVERNOR 5.00 0.00 X 29000 0 0 LISA LOCKLEAR GOVERNOR 5.00 0.00 X 29000 0 0 BARBARA SAWREY GOVERNOR 5.00 0.00 X 29000 0 0 JOHN VALLEY GOVERNOR 5.00 0.00 X 26000 0 0 PATRICIA ANN KIKUKO HARVEY GOVERNOR 5.00 0.00 X 24750 0 0 AMIT DHAMANI GOVERNOR (THRU 11/2021) 4.00 0.00 X 23512 0 0 R ANDREW JOHNSON GOVERNOR 4.00 0.00 X 23000 0 0 LAWRENCE MA GOVERNOR 4.00 0.00 X 23000 0 0 SAMANTHA RAVICH GOVERNOR 4.00 0.00 X 23000 0 0 TAMMY STORINO GOVERNOR 4.00 0.00 X 23000 0 0 ELLIOT TANNENBAUM GOVERNOR 4.00 0.00 X 23000 0 0 DAVE BINDRA GOVERNOR (BEG. 11/2021) 4.00 0.00 X 14000 0 0 MARCUS TER HAAR GOVERNOR (BEG. 11/2021) 4.00 0.00 X 14000 0 0 JEFFREY POST GOVERNOR 4.00 0.00 X 0 0 0 7141293 0 743543 273 1 1 0 GIA HONG KONG LABORATORY LIMITED 39 QUEENS ROAD CENTRAL HK GRADING SERVICES 18889931 GIA BELGIUM NV LANGE HERENTALSESTRAAT 20-26 B ANTWERP BE GRADING SERVICES 5762044 TATA CONSULTANCY SERVICES LIMITED NIRMAL BUILDING NARIMAN POINT MUMBAI IN IT SERVICES 5712149 DLA PIPER LLP US 6225 SMITH AVENUE BALTIMORE MD 21209 LEGAL SERVICES 2469734 BRINKS GLOBAL SERVICES INC 580 5TH AVENUE SUITE 400 NEW YORK NY 10036 SHIPPING SERVICES 2418055 90 X 355188 303539 232653 658727 GEMOLOGICAL LABORATORY 541990 193258085 193258085 TUITION & FEES 611519 10611113 10611113 GEMOLOGY PUBLICATIONS 511120 84345 84345 203953543 41887518 34714594 7172924 95489840 94643840 846000 105552375 89990930 15561445 15561445 15561445 4991991 3524477 1467514 567476 900038 MANAGEMENT FEE 561110 63707 63707 FOREIGN EXCHANGE LOSS 900099 -710185 -710185 0 -646478 358372109 333169268 963745 23580369 X 299240 299240 1167782 1167782 109934 109934 5226324 3130407 2095917 189307 189307 108444161 96920325 11487239 36597 8204478 7331657 869887 2934 14321197 13421867 899330 8809349 7929597 877361 2391 3518678 1987419 1531259 1309294 181512 1127782 1301961 1301961 31979927 31286663 693264 9090325 8431956 658369 11330501 10443262 887239 16018640 12679996 3338644 5412592 4379033 1033559 522093 440038 82055 979140 726177 252963 8378470 7203575 1174895 1415613 1415011 602 FOREIGN WITHHOLDING TAX 10857440 10816328 41112 MAINTENANCE 4036127 3126729 909398 363166 337880 25286 253285739 223766388 29477429 41922 12466045 64732309 55746774 26555338 26344387 28018586 7603010 6610935 3738838 2446672 5695985 7053768 257974665 131711588 129243200 126263077 325135630 426584137 63874365 63214391 629848234 751479213 5167809 8126494 2434184 3346064 36417968 40395453 44019961 51868011 X 567959461 680517508 17868812 19093694 585828273 699611202 629848234 751479213 X 105086370 9086867 -390308 X 0 1 X 1 1 1 X 606362 319043 272147 347414 658727 2203693 276776651 229987629 247027166 186612500 336198836 1276602782 277383013 230306672 247299313 186959914 336857563 1278806475 1477132 1145731 1597334 887526 1099332 6207055 132563829 87527902 108145449 75574336 157406084 561217600 134040961 88673633 109742783 76461862 158505416 567424655 711381820 4686528 8536191 8637647 7537374 8018924 37416664 4686528 8536191 8637647 7537374 8018924 37416664 825988 0 478268 1304256 309969 2514474 135744 15595 2975782 282379510 241357337 256898692 194512883 345354755 1320503177 0.53870 0.55490 0.02830 0.02680 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 232653 33971397 X X X X X GEMOLOGICAL EDUCATION 0 171190966 29816059 21602289 1277716 2774584 218557014 161135260 19116662 7254133 1806823 171190966 121130211 17000000 25711598 1980424 726125 161135260 128635266 5000000 -9390989 1594341 1519725 121130211 91213878 25000075 14415304 1588086 405905 128635266 0.90790 0.05940 0.03270 0 0 11777037 11777037 147781862 47161298 100620564 5718317 5510235 208082 32136454 23103157 9033297 60560995 55936898 4624097 126263077 GEM COLLECTIONS 33971397 INVESTMENTS IN SUBSIDIARIES 26937774 OTHER ASSETS 246456 RIGHT OF USE ASSETS 2058764 63214391 ACCRUED PAYROLL 22911098 OTHER CURRENT LIABILITIES 255260 SALES & USE TAX PAYABLE 22560 OTHER LONG TERM LIABILITIES 1280737 ACCRUED PAID TIME OFF 11711852 INTERCOMPANY ACCOUNTS 2295236 LEASE LIABILITY 1918710 40395453 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, 2021, 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 YEAR ENDED DECEMBER 31, 2021 OR 2020. 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 95 PROGRAM SERVICES LAB & RESEARCH SERVICES 10619858 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIP GRANTS TO RECIPIENTS IN REGION 97045 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 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 9536 SOUTH AMERICA 0 0 GRANTMAKING 3353 1 95 0 0 1 95 37687306 0 37687306 SCHOLARSHIP AWARDS EAST ASIA AND THE PACIFIC 24 97045 TUITION REDUCTION FMV 0 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 52422 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) 50000 0 AGS CONCLAVE AMERICAN GEM SOCIETY 8881 W SAHARA AVE LAS VEGAS NV 89117 951409272 501(C)(6) 15000 10464 COST EDUCATIONAL MATERIALS AGS CLASS SPONSORSHIP 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 JEWELERS FOR CHILDREN 120 BROADWAY SUITE 2820 NEW YORK NY 10271 133716474 501(C)(3) 30000 0 COMMUNITY SUPPORT JEWELERS VIGILANCE COMMITTEE 801 SECOND AVENUE 303 NEW YORK NY 10017 131661424 501(C)(6) 15000 0 SUPPORT EDUCATION SERVICES MERCURY FREE MINING INC 4070 SW FAIRHAVEN DR CORVALLIS OR 97333 834627223 501(C)(3) 11648 0 SUPPORT EDUCATION OF ARTISANAL MINERS IN GEM MINING COMMUNITIES RESOLVE INC 1255 23RD STREET NW SUITE 275 WASHINGTON DC 20037 521841035 501(C)(3) 12500 0 SUPPORT OF PEACE DIAMONDS PROGRAM FOR MINE RECLAMATION UNIVERSITY OF ARIZONA 1303 E UNIVERSITY BOX 5 TUCSON AZ 85719 742652689 GOVERNMENT ENTITY 0 83561 FMV CLASSROOM EQUIPMENT ADVANCE GEMOLOGICAL EDUCATION 6 2 SCHOLARSHIP AWARDS 595 1167782 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 2021, GIA OFFERED A TWO-WEEK GEMOLOGY SEMINAR FREE OF CHARGE FOR LAW ENFORCEMENT OFFICERS IN NEW YORK CITY. THE PURPOSE OF THE SEMINAR 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 2021, 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 X X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 SUSAN JACQUES PRESIDENT/CEO 580214 0 131600 0 3643 0 26000 0 31779 0 773236 0 0 0 THOMAS MOSES EXECUTIVE VP 570995 0 129400 0 20946 0 26000 0 24837 0 772178 0 0 0 ANNA MARTIN SVP, GLOBAL DEVELOPMENT 416284 0 111800 0 7211 0 26000 0 23519 0 584814 0 0 0 DAVID TEARLE SVP & CFO 430413 0 97900 0 3643 0 26000 0 24276 0 582232 0 0 0 PRITESH PATEL SVP & COO 385214 0 87800 0 828 0 19500 0 31571 0 524913 0 0 0 JENNIFER WILSON SVP, GENERAL COUNSEL 361498 0 82100 0 3643 0 26000 0 25019 0 498260 0 0 0 ELIZABETH KEATING VP, CHIEF ETHICS/COMPL OFFICER 291796 0 78600 0 11399 0 26000 0 23398 0 431193 0 0 0 MARK BUNTZ SVP, CHIEF MARKETING OFFICER 297954 0 81300 0 828 0 14428 0 33634 0 428144 0 0 0 JOHN HALL VP & CIO 283449 0 71200 0 3643 0 26000 0 32537 0 416829 0 0 0 DUNCAN PAY SVP, CHIEF ACADEMIC OFFICER 286239 0 77100 0 2374 0 19500 0 29141 0 414354 0 0 0 PHILLIP YANTZER VP, LABORATORY SERVICES 283707 0 63900 0 3830 0 26000 0 18987 0 396424 0 0 0 WUYI WANG VP, RESEARCH & DEVELOPMENT 279687 0 65300 0 2402 0 26000 0 22787 0 396176 0 0 0 LUCY XIA VP, GLOBAL LAB PLANNING 270747 0 62600 0 1270 0 26000 0 23228 0 383845 0 0 0 DAVID LIN VP, CHIEF INFO SEC OFFICER 266000 0 67100 0 828 0 16013 0 29477 0 379418 0 0 0 LISA GARRIS VP, HUMAN RESOURCES 217336 0 52900 0 2103 0 26000 0 13912 0 312251 0 0 0 SUSAN SCHINDELAR FORMER KEY EMPLOYEE 0 0 0 0 189307 0 0 0 0 0 189307 0 0 0 PART I, LINE 1A GROSS-UPS - ON OCCASION, GROSS-UP PAYMENTS ASSOCIATED WITH TAXABLE BENEFITS ARE PROVIDED. IN SUCH CASES, BOTH THE BENEFIT AND THE GROSS-UP AMOUNT ARE REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2. GROSS-UPS ARE AVAILABLE TO ALL EMPLOYEE GROUPS. HOUSING ALLOWANCE - THE EXECUTIVE VP RECEIVED HOUSING AS PROVIDED IN HIS EMPLOYMENT ARRANGEMENT. THE ARRANGEMENT WAS APPROVED IN ADVANCE BY DISINTERESTED MEMBERS OF THE BOARD OF GOVERNORS BASED ON EXPERT OPINION THAT THE ARRANGEMENT WAS REASONABLE. THE BENEFIT WAS REPORTED AS TAXABLE COMPENSATION ON THE EXECUTIVE VP'S FORM W-2. HEALTH CLUB FEES - AS PROVIDED IN THE GIA EMPLOYEE HANDBOOK, GIA PROVIDES TO ALL EMPLOYEES ON A ONE-TIME BASIS, REIMBURSEMENT UP TO $100 OF THE 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 4A SEPARATION PAYMENTS WERE MADE, AS FOLLOWS: $189,307 TO SUSAN SCHINDELAR, OUTGOING VP, GLOBAL MARKETING 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) AS WELL AS SEPARATION PAYMENTS MADE TO ONE EMPLOYEE PER THEIR SEPARATION AGREEMENT. SEE PART V SEE PART V 759318 SEE PART V 0 SEE PART V SEE PART V 261081 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 $759,318(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 2021, 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, LINE 2: 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 2021, ONE FIRM ASSOCIATED WITH A MEMBER OF THE BOARD OF GOVERNORS PAID FEES RELATED TO LABORATORY SERVICES TO GIA. THE FEES PAID TO GIA WERE THE SAME AS THOSE PAID BY ANY OTHER SIMILARLY-SITUATED CLIENT. THE FOLLOWING FIRM WAS A CLIENT OF THE GIA LABORATORY BEFORE THE AFFILIATED INDIVIDUAL BECAME A MEMBER 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: $261,081(D) DESCRIPTION OF TRANSACTION: LABORATORY SERVICES X 43 232653 SALE OF COMP. PROP. 5 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 AND MOST SIGNIFICANT ACTIVITIES: 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. IMPACT OF COVID-19: ON MARCH 11, 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE NOVEL STRAIN OF CORONAVIRUS (SARS-COV-2) THAT CAN CAUSE THE DISEASE COVID-19 A GLOBAL PANDEMIC AND RECOMMENDED CONTAINMENT AND MITIGATION MEASURES WORLDWIDE. THE EFFECTS OF THE PANDEMIC ADVERSELY IMPACTED GIA'S OPERATIONS IN 2020 AND TO SOME EXTENT IN 2021. IN ADDITION TO GLOBAL MACROECONOMIC EFFECTS, THE CORONAVIRUS OUTBREAK AND OTHER RELATED ADVERSE PUBLIC HEALTH DEVELOPMENTS HAVE CAUSED DISRUPTION TO THE DELIVERY OF GIA SERVICES AS A RESULT OF THE TEMPORARY CLOSURES MANDATED BY FEDERAL, STATE, AND LOCAL GOVERNMENTS IN THEIR EFFORTS TO PREVENT THE SPREAD OF THE CORONAVIRUS. SINCE THE EMERGENCE OF THE PANDEMIC, GIA HAS WORKED CONTINUOUSLY WITH LOCAL GOVERNMENTS AND PUBLIC HEALTH AUTHORITIES TO ENSURE THAT IT COULD CONTINUE TO FULFILL ITS MISSION WHILE MAINTAINING A SAFE ENVIRONMENT FOR ITS EMPLOYEES AND STUDENTS. MANY EDUCATIONAL OFFERINGS WERE MADE AVAILABLE ONLINE IN PLACE OF IN-PERSON EVENTS, WHILE THE ALREADY-OPERATIONAL DISTANCE EDUCATION CURRICULUM CONTINUED TO BE WIDELY AVAILABLE TO THE GENERAL PUBLIC. THOROUGH AND COMPREHENSIVE INVESTMENTS WERE MADE TO ADAPT BOTH PHYSICAL SPACES AND WORK PROCESSES SO THAT CONSUMER PROTECTION ACTIVITIES COULD BE CONTINUED. GIA CONTINUES TO MONITOR THE IMPACTS. FORM 990, PART III, LINE 1, ORGANIZATION MISSION STATEMENT: 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 2021, TOTAL ENROLLMENTS WERE 13,867, COMPRISED OF 1,571 ON-CAMPUS AND 12,296 THROUGH DISTANCE EDUCATION. GIA WAS AWARDED THE SCHOOL OF EXCELLENCE AWARD IN 2017 (CALIFORNIA) AND 2014 (NEW YORK) BY THE ACCREDITING COMMISSION OF CAREER SCHOOLS AND COLLEGES (ACCSC). ONLY A HANDFUL OF SCHOOLS IN THE COUNTRY QUALIFY FOR THIS HIGH HONOR. 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 JUNIOR GEMOLOGIST 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 2021, THE WORKSHOP WAS DELIVERED VIA ZOOM TO APPROXIMATELY 785 STUDENTS AT 14 CALIFORNIA SCHOOLS. 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 2021, CAREER FAIR AND OPEN HOUSE EVENTS WERE SUSPENDED IN COMPLIANCE WITH LOCAL PUBLIC HEALTH GUIDELINES. 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 16,300 ITEMS IN ITS CIRCULATING COLLECTION, OVER 49,000 ITEMS IN THE RENOWNED CARTIER RARE BOOK REPOSITORY AND ARCHIVES, OVER 246,000 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 555 DIGITAL TITLES PURCHASED THROUGH OVERDRIVE, A DIGITAL CONTENT PROVIDER, AND 832 DIGITIZED VERSIONS OF RARE WORKS, SCANNED FROM ITS COLLECTION, AVAILABLE ON INTERNET ARCHIVE (ARCHIVE.ORG). IN 2021, THE LIBRARY ADDED TO ITS HOLDINGS THE BISHOP COLLECTION: INVESTIGATIONS AND STUDIES IN JADE, 1906, A RARE AND HISTORICAL TWO-VOLUME SET OF BOOKS. LIMITED TO JUST 100 COPIES, THE WORK DOCUMENTS THE PRIVATE JADE COLLECTION OF HEBER REGINALD BISHOP (1840-1902), A NOTED 19TH CENTURY BUSINESSMAN AND PHILANTHROPIST. THE OTHER 99 COPIES ARE IN PRIVATE COLLECTIONS, MUSEUMS AND LIBRARIES. THE LIBRARY HAS SCANNED THESE BOOKS AND CREATED A HIGH-QUALITY, FREELY AVAILABLE DIGITAL VERSION. IT IS INCLUDED IN ITS DIGITAL ARCHIVE OF SIGNIFICANT WORKS FROM THE GIA LIBRARY, HTTPS://ARCHIVE.ORG/DETAILS/GIALIBRARY. THE INSTITUTE'S MUSEUM ALSO EDUCATES THE PUBLIC ON GEMS AND GEMOLOGY, DISPLAYING CUT GEMS, MINERAL SPECIMENS AND JEWELRY. DURING 2021, MUSEUM SPECIMENS WERE LOANED TO THE PEROT MUSEUM OF NATURE AND SCIENCE IN DALLAS AND THE SAN DIEGO NATURAL HISTORY MUSEUM FOR EXHIBIT. THE MUSEUM'S KNOWLEDGEABLE CURATORS WERE ALSO INTERVIEWED TWICE ON MINERAL-RELATED TOPICS FOR THE POPULAR EDUCATIONAL WEBSITE "HOW STUFF WORKS". 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 2021, 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 COLORTREATED. 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 88 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 ADDITION, GIA HAS INITIATED A FACEBOOK GROUP, WHICH HAS NEARLY 25,000 MEMBERS AND WHERE GIA POSTS RESEARCH AND EDUCATIONAL CONTENT. WEBSITE PAGES VIEWS FOR THE YEAR 2021: GEMS & GEMOLOGY: 932,326 RESEARCH & NEWS: 742,932 PUBLICATION INFORMATION FOR THE YEAR 2021: ISSUES DISTRIBUTED TO SUBSCRIBERS: 2,425 CURRENT ISSUES ORDERED: 1,420 BACK ISSUES ORDERED: 1,484 TOTAL ISSUES: 5,329 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: IN MAY 2021, THE BOARD AS A WHOLE REVIEWED THE BOARD COMPENSATION PROCESS AND SET 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 TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 1,522,670. MANAGEMENT AND GENERAL EXPENSES 33,740. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,556,410. RECRUITING: PROGRAM SERVICE EXPENSES 414,753. MANAGEMENT AND GENERAL EXPENSES 9,190. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 423,943. OTHER PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 29,058,700. MANAGEMENT AND GENERAL EXPENSES 643,896. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,702,596. COMPLIANCE PROFESSIONAL SERVICE FEES: PROGRAM SERVICE EXPENSES 290,540. MANAGEMENT AND GENERAL EXPENSES 6,438. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 296,978. FORM 990, PART XI, LINE 9: UNREALIZED FOREIGN EXCHANGE LOSS -390,308. 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ACCRUAL GIA ENGLAND S 4330 ACCRUAL GIA HONG KONG LABORATORY LIMITED S 38100 ACCRUAL GIA HONG KONG LIMITED S 1670 ACCRUAL GIA INDIA LABORATORY PRIVATE LIMITED S 42695596 ACCRUAL GIA INSTRUMENT (TAIWAN) CO S 3900 ACCRUAL GIA TOKYO GODO KAISHA S 257485 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.