AMERICAN GEM SOCIETY: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
AMERICAN GEM SOCIETY (EIN 95-1409272)
Tax period
2019-12-01 to 2020-11-30
Filed
2021-06-24
IRS object ID
202141759349301409
Schema version
2019v5.2
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

FieldValueIRS element (for citing)
Return2021-06-24T16:22:50-05:00ReturnTs
Tax Period End2020-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450250958PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EIDE BAILLY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12355 E CAMELBACK RD STE 900AddressLine1Txt
CityPHOENIXCityNm
State AbbreviationAZStateAbbreviationCd
ZIP850169065ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN951409272EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN GEM SOCIETYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAMERBusinessNameControlTxt
Phone7022556500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18881 W SAHARA AVENUEAddressLine1Txt
CityLAS VEGASCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89117ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANICE BROOKSPersonNm
Person TitleCFOPersonTitleTxt
Phone7022556500PhoneNum
Signature2021-06-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRENDA ANN BLUNT CPAPreparerPersonNm
PTINP00075126PTIN
Phone4803151040PhoneNum
Preparation2021-05-20PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJANICE BROOKSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line18881 W SAHARA AVENUEAddressLine1Txt
CityLAS VEGASCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89117ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,132,415GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.AGS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1934FormationYr
Legal Domicile StateNVLegalDomicileStateCd
Activity Or MissionAGS IS DEDICATED TO CONSUMER PROTECTION, ETHICAL BUSINESS STANDARDS, AND THE (CONT'D ON SCH O) DEVELOPMENT OF THE HIGHEST GEMOLOGICAL SKILL, KNOWLEDGE, AND GRADING STANDARDS OF ITS MEMBERSHIP AND CUSTOMERS.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee84TotalEmployeeCnt
Total Volunteers23TotalVolunteersCnt
Total Gross UBI$43,840TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$1,841NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$813,393PYContributionsGrantsAmt
CY Contributions Grants$609,068CYContributionsGrantsAmt
PY Program Service Revenue$6,801,908PYProgramServiceRevenueAmt
CY Program Service Revenue$3,636,036CYProgramServiceRevenueAmt
PY Investment Income$245,074PYInvestmentIncomeAmt
CY Investment Income$201,594CYInvestmentIncomeAmt
PY Other Revenue$406,274PYOtherRevenueAmt
CY Other Revenue$250,216CYOtherRevenueAmt
PY Total Revenue$8,266,649PYTotalRevenueAmt
CY Total Revenue$4,696,914CYTotalRevenueAmt
PY Grants And Similar Paid$50,624PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,807CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,083,920PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,134,617CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,681,987PYOtherExpensesAmt
CY Other Expenses$1,928,949CYOtherExpensesAmt
PY Total Expenses$7,816,531PYTotalExpensesAmt
CY Total Expenses$5,068,373CYTotalExpensesAmt
PY Revenues Less Expenses$450,118PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$371,459CYRevenuesLessExpensesAmt
Total Assets BOY$13,819,009TotalAssetsBOYAmt
Total Assets EOY$13,434,357TotalAssetsEOYAmt
Total Liabilities BOY$860,218TotalLiabilitiesBOYAmt
Total Liabilities EOY$809,035TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$12,958,791NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$12,625,322NetAssetsOrFundBalancesEOYAmt
MissionAGS IS DEDICATED TO CONSUMER PROTECTION, ETHICAL BUSINESS STANDARDS, AND THE DEVELOPMENT OF THE HIGHEST GEMOLOGICAL SKILL, KNOWLEDGE, AND GRADING STANDARDS OF ITS MEMBERSHIP AND CUSTOMERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescAMERICAN GEM SOCIETY LABORATORIES, LLC WAS FOUNDED TO SUPPORT THE AGS MISSION. IT IS A NONPROFIT DIAMOND GRADING LABORATORY WITH A MISSION OF CONSUMER PROTECTION. ADHERING TO THE AGS DIAMOND GRADING STANDARDS, AGS LABORATORIES IS DEDICATED TO OFFERING DIAMOND GRADING REPORTS THAT PROVIDE CONSISTENCY AND ACCURACY BASED ON SCIENCE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescEDUCATION DEVELOPS EDUCATIONAL MATERIALS FOR OUR MEMBERSHIP, WHICH THEY CAN USE TO EDUCATE CONSUMERS IN THEIR RESPECTIVE COMMUNITIES, RESULTING IN AN ENHANCED REPUTATION FOR THE JEWELRY INDUSTRY. APPROXIMATELY 2,000 MEMBERS RECERTIFY ANNUALLY, 700 ATTEND THE ANNUAL EDUCATIONAL CONFERENCE, AND 150 COMPLETE EDUCATION COURSES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescMEMBERSHIP MAINTAINS THE PROCESSES, STANDARDS AS OUTLINED IN THE AGS MEMBERSHIP MANUAL, MEMBER JOURNEY, AND MEMBER BENEFIT PROGRAMS.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document56IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee84EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JANICE BROOKSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7022556500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18881 W SAHARA AVEAddressLine1Txt
CityLAS VEGASCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89117ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
KATHERINE BODOH
CEO, AGS & AGS LABS40.00Yes (X)$200,535$0$14,767
JASON QUICK
AGS LABORATORIES EXEC DIR40.00$137,069$0$15,186Yes (X)
JANICE BROOKS
CFO, AGS & AGS LABS40.00Yes (X)$131,229$0$15,701
JAMES DIMICK
AGS LABORATORIES DIR BUS DEV40.00$124,118$0$20,616Yes (X)
DONNA JOLLY
AGS DIRECTOR OF MARKETING40.00$102,943$0$12,290Yes (X)
MARC ALTMAN CGA
CHAIR: INTERNATIONAL GUILDS COUNCIL2.00$0$0$0Yes (X)
SARIN BACHMANN
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
RYAN BERG CG
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
CARYL CAPECI
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
JOHN CARTER CGA
CHAIR, AGSL ADVISORY COMMITTEE2.00$0$0$0Yes (X)
MITCHELL CLARK CG
CHAIR: MEMBERSHIP COMMITTEE2.00$0$0$0Yes (X)
AMANDA COLEMAN-PHELPS CGA
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
BRYAN MOELLER CGA
CHAIR: GEMOLOGICAL SCIENCES COMM.2.00$0$0$0Yes (X)
SCOTT MURPHY
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
NIVEET NAGPAL
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
SARAH PERSON CG
CHAIR: EDUCATION COMMITTEE2.00$0$0$0Yes (X)
SARAH NANASI RUSSELL CG
CHAIR: YT COMMITTEE2.00$0$0$0Yes (X)
SCOTT UDELL
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
RONALD VANDERLINDEN
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
C CLAYTON BROMBERG THRU 420
CHAIR: AGSL ADVISORY COMMITTEE2.00$0$0$0Yes (X)
MARC NANASI RS THRU 43020
CHAIR: YT COMMITTEE2.00$0$0$0Yes (X)
KELLY NEWTON CGA THRU 43020
CHAIR: MEMBERSHIP COMMITTEE2.00$0$0$0Yes (X)
STEWART WICHT THRU 43020
DIRECTOR AT LARGE2.00$0$0$0Yes (X)
MICHAEL RICHARDS CG
PRESIDENT2.00Yes (X)$0$0$0Yes (X)
LISA BRIDGE CG
PRESIDENT-ELECT2.00Yes (X)$0$0$0Yes (X)
ALEXIS PADIS CGA
SECRETARY2.00Yes (X)$0$0$0Yes (X)
GEORGIE GLEIM CG
SR. ADVISOR2.00Yes (X)$0$0$0Yes (X)
LARRY RICKERT
TREASURER2.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$695,894TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$78,560TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FREEMAN AUDIO VISUALBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line13801 ADLER DR STE 150AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75211ZIPCd
FieldValueIRS element (for citing)
ServicesAUDIO VISUAL SERVICES FOR EVENTSServicesDesc
Compensation$330,255CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$203,380GovernmentGrantsAmt
All Other Contributions$405,688AllOtherContributionsAmt
Total Contributions$609,068TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LABORATORY FEES561499$2,093,797$2,093,797
MEMBERSHIP DUES561499$1,460,152$1,460,152
MISC. PROGRAM REVENUE900099$43,494$43,494
COURSE REVIEW AND FEES561499$38,593$38,593
FieldValueIRS element (for citing)
Total Program Service Revenue$3,636,036TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$318,631TotalRevenueColumnAmt
Exclusion$318,631ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,088,546SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,205,583SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$117,037SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$117,037TotalRevenueColumnAmt
Exclusion-$117,037ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$436,294GrossSalesOfInventoryAmt
Cost Of Goods Sold$229,918CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$206,376TotalRevenueColumnAmt
Related Or Exempt Func Income$206,376RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescADVERTISING INCOMEDesc
Business812900BusinessCd
Total Revenue Column$43,840TotalRevenueColumnAmt
Unrelated Business Revenue$43,840UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$43,840OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,696,914TotalRevenueColumnAmt
Related Or Exempt Func Income$3,842,412RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$43,840UnrelatedBusinessRevenueAmt
Exclusion$201,594ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$4,807TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$430,677TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,144,293TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$83,647TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$234,853TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$241,147TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$71,064TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$41,970TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$22,527TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$145,571TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$254,096TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$91,115TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$86,766TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$33,662TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$572,810TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$71,609TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
REPAIRS AND MAINTENANCE$188,841
RESEARCH AND DEVELOPMEN$96,130
MISCELLANEOUS$90,803
BANK MERCHANT FEES$76,026

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$82,959TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,068,373TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,268,507BOYAmt
EOY$1,204,194EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$59,896EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$934,662BOYAmt
EOY$681,508EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$34,080BOYAmt
EOY$8,232EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$180,638BOYAmt
EOY$257,447EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,012,737LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,744,418LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,617,379BOYAmt
EOY$4,268,319EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$6,009,691BOYAmt
EOY$6,215,876EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$18,200BOYAmt
EOY$13,898EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$2EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$392,346BOYAmt
EOY$357,288EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$363,506BOYAmt
EOY$367,697EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$13,819,009BOYAmt
EOY$13,434,357EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$357,515BOYAmt
EOY$198,433EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$502,703BOYAmt
EOY$501,896EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$108,706EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$860,218BOYAmt
EOY$809,035EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$12,950,860BOYAmt
EOY$12,616,976EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,931BOYAmt
EOY$8,346EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,958,791BOYAmt
EOY$12,625,322EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,819,009BOYAmt
EOY$13,434,357EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$371,459ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$37,990NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$725,689OtherCostOrOtherBasisAmt
Book Value$725,689BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,902,540OtherCostOrOtherBasisAmt
Depreciation$2,626,231DepreciationAmt
Book Value$2,276,309BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,003,061OtherCostOrOtherBasisAmt
Depreciation$1,919,546DepreciationAmt
Book Value$1,083,515BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$381,447OtherCostOrOtherBasisAmt
Depreciation$198,641DepreciationAmt
Book Value$182,806BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,268,319TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
CAPITAL LEASE - CURRENT PORTION$18,580
CAPITAL LEASE - LT PORTION$90,126
FieldValueIRS element (for citing)
Total Liability$108,706TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$4,521,443TotalRevEtcAuditedFinclStmtAmt
Other Revenue$229,918OtherRevenueAmt
Revenue Not Reported$229,918RevenueNotReportedAmt
Revenue Subtotal$4,291,525RevenueSubtotalAmt
Other Revenues Not Included$405,389OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$405,389RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,696,914TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,275,764TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$229,918OtherExpensesIncludedAmt
Expenses Not Reported$229,918ExpensesNotReportedAmt
Expenses Subtotal$5,045,846ExpensesSubtotalAmt
Investment Expenses Not Incld2$22,527InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$22,527ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,068,373TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 229,918.
PART XI, LINE 4B - OTHER ADJUSTMENTS:TEMP RESTRICTED CONTRIBUTIONS 415. INTEREST INCOME 318,631. CARES ACT INCOME 203,380. INVESTMENT LOSS FROM MARKETABLE SECURITIES -117,037.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD 229,918.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KATHERINE BODOH
CEO, AGS & AGS LABS$178,035$0$22,500$0$0$0$7,369$0$8,562$0$216,466$0$0$0
JASON QUICK
AGS LABORATORIES EXEC DIR$126,695$0$10,374$0$0$0$7,019$0$9,077$0$153,165$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1THE EXECUTIVE COMMITTEE, COMPRISED OF THE PRESIDENT, PRESIDENT-ELECT, SENIOR ADVISOR, TREASURER, SECRETARY, CEO (NON-VOTING) AND CFO (NON-VOTING) SHALL HAVE AND MAY EXERCISE THE POWERS OF THE INTERNATIONAL BOARD OF DIRECTORS CONCERNING TRADE AND PUBLIC RELATIONS AND SUCH DUTIES AND AUTHORITY AS SHALL BE SET FORTH IN THE BYLAWS AND AS MAY BE DELEGATED BY THE INTERNATIONAL BOARD OF DIRECTORS. THE COMPENSATION OF THE CEO SHALL BE FIXED BY THE EXECUTIVE COMMITTEE. THE COMPENSATION OF THE CFO SHALL BE FIXED BY THE CEO.
FORM 990, PART VI, SECTION A, LINE 2MARC NANASI AND SARAH NANASI HAVE A FAMILIAL RELATIONSHIP BUT DID NOT SERVE ON THE BOD AT THE SAME TIME; SARAH TOOK OVER MARC'S POSITION. PRESIDENT MICHAEL RICHARDS HAS A BUSINESS RELATIONSHIP WITH CLAYTON BROMBERG.
FORM 990, PART VI, SECTION A, LINE 6THE AMERICAN GEM SOCIETY ("AGS") IS AN ORGANIZATION COMPRISED OF MEMBERS THAT INCLUDE TWO CLASSES WITH VOTING RIGHTS, TITLEHOLDER AND FIRM MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7AALL BOARD SEATS ARE ELECTED BY THE ELIGIBLE MEMBERS IN GOOD STANDING, AS OUTLINED IN THE AGS BYLAWS, FROM A SLATE PRESENTED BY THE NOMINATING COMMITTEE.
FORM 990, PART VI, SECTION A, LINE 7BBYLAW AMENDMENTS ARE VOTED ON BY THE ELIGIBLE MEMBERS IN GOOD STANDING, AS OUTLINED IN THE AGS BYLAWS, WITH AN AFFIRMATIVE VOTE OF A MAJORITY OF THOSE VOTING REQUIRED FOR PASSAGE. IF A BALLOT RESPONSE OF AT LEAST THIRTY-THREE PERCENT (33%) OF ALL ELIGIBLE VOTERS IS NOT RECEIVED ON ANY QUESTION, THE INTERNATIONAL BOARD OF DIRECTORS, EXCEPT AS MAY BE LIMITED BY LAW, SHALL HAVE THE RIGHT TO APPROVE AND ADOPT SUCH PROPOSED AMENDMENT TO THE BYLAWS BY THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF ALL MEMBERS OF THE INTERNATIONAL BOARD OF DIRECTORS. PROPOSALS, AS DETERMINED BY THE BOARD OF DIRECTORS, THAT MAY REQUIRE A SUBSTANTIAL FINANCIAL OUTLAY OR MAY HAVE A SUBSTANTIAL NEGATIVE IMPACT ON THE BUSINESS OF FIRM MEMBERS ARE VOTED ON BY THE FIRM MEMBERS ELIGIBLE TO VOTE.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PROVIDED TO THE BOARD BY EMAIL FOR REVIEW. THE CEO, CFO, AND BOD TREASURER ALSO REVIEW THE FORM 990 PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CA CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK. EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE ON AN ANNUAL BASIS THAT THEY HAVE READ THE EMPLOYEE HANDBOOK. IT IS THE RESPONSIBILITY OF THE EMPLOYEE TO NOTIFY MANAGEMENT IF A CONFLICT ARISES. BOARD MEMBERS ARE REQUIRED TO ACKNOWLEDGE ON AN ANNUAL BASIS THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND COMPLETE THE CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. FOR CONFLICTS, THE AGS BOARD MEMBERS MAY REQUIRE FULL OR LIMITED RECUSAL OR OTHER MEASURES, INCLUDING RESIGNATION FROM AN AGS OFFICE OR POSITION.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE COMMITTEE DETERMINES AND APPROVES THE CEO'S COMPENSATION. THE EXECUTIVE COMMITTEE INCLUDES BOTH OFFICERS (CEO AND CFO) BUT THEY ARE NOT INCLUDED IN ANY DISCUSSIONS ON CEO COMPENSATION. THE CFO'S COMPENSATION IS DETERMINED BY THE CEO AND APPROVED BY THE TREASURER, WHO IS ALSO PART OF THE EXECUTIVE COMMITTEE. THE CEO'S COMPENSATION REVIEW WAS LAST PERFORMED IN NOVEMBER 2020.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BY SUBMITTING A REQUEST TO THE ORGANIZATION.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
AGS LAB SERVICES LLC
8881 W SAHARA AVELAS VEGASNV89117951409272LAB OPSNV$2,339,505$5,213,532AMERICAN GEM SOCIETY
AMERICAN GEM SOCIETY LABORATORIES
8917 W SAHARA AVELAS VEGASNV89117880389855DIAMOND GRADINGNV$2,339,505$5,213,532AGS LAB SERVICES LLC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1JEWELERS EDUCATION FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line18881 W SAHARA AVEAddressLine1Txt
CityLAS VEGASCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89117ZIPCd
FieldValueIRS element (for citing)
EIN854065573EIN
Primary ActivitiesEDUCATIONPrimaryActivitiesTxt
Legal Domicile StateNVLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN GEM SOCIETYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.