2021-06-24T16:22:50-05:00 2020-11-30 450250958 EIDE BAILLY LLP 2355 E CAMELBACK RD STE 900 PHOENIX AZ 850169065 990 2019-12-01 951409272 AMERICAN GEM SOCIETY AMER 7022556500 8881 W SAHARA AVENUE LAS VEGAS NV 89117 JANICE BROOKS CFO 7022556500 2021-06-18 1 BRENDA ANN BLUNT CPA P00075126 4803151040 2021-05-20 2019 2022-09-23 18:48:47Z JANICE BROOKS 8881 W SAHARA AVENUE LAS VEGAS NV 89117 7132415 0 X WWW.AGS.ORG X 1934 NV AGS 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. 19 19 84 23 43840 -1841 813393 609068 6801908 3636036 245074 201594 406274 250216 8266649 4696914 50624 4807 0 0 4083920 3134617 0 0 0 3681987 1928949 7816531 5068373 450118 -371459 13819009 13434357 860218 809035 12958791 12625322 AGS 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. 0 0 AMERICAN 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. EDUCATION 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. MEMBERSHIP MAINTAINS THE PROCESSES, STANDARDS AS OUTLINED IN THE AGS MEMBERSHIP MANUAL, MEMBER JOURNEY, AND MEMBER BENEFIT PROGRAMS. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 56 0 1 84 1 1 1 0 0 0 1 1 0 0 0 X 19 19 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JANICE BROOKS 7022556500 8881 W SAHARA AVE LAS VEGAS NV 89117 KATHERINE BODOH CEO, AGS & AGS LABS 40.00 X 200535 0 14767 JASON QUICK AGS LABORATORIES EXEC DIR 40.00 X 137069 0 15186 JANICE BROOKS CFO, AGS & AGS LABS 40.00 X 131229 0 15701 JAMES DIMICK AGS LABORATORIES DIR BUS DEV 40.00 X 124118 0 20616 DONNA JOLLY AGS DIRECTOR OF MARKETING 40.00 X 102943 0 12290 MARC ALTMAN CGA CHAIR: INTERNATIONAL GUILDS COUNCIL 2.00 X 0 0 0 SARIN BACHMANN DIRECTOR AT LARGE 2.00 X 0 0 0 RYAN BERG CG DIRECTOR AT LARGE 2.00 X 0 0 0 CARYL CAPECI DIRECTOR AT LARGE 2.00 X 0 0 0 JOHN CARTER CGA CHAIR, AGSL ADVISORY COMMITTEE 2.00 X 0 0 0 MITCHELL CLARK CG CHAIR: MEMBERSHIP COMMITTEE 2.00 X 0 0 0 AMANDA COLEMAN-PHELPS CGA DIRECTOR AT LARGE 2.00 X 0 0 0 BRYAN MOELLER CGA CHAIR: GEMOLOGICAL SCIENCES COMM. 2.00 X 0 0 0 SCOTT MURPHY DIRECTOR AT LARGE 2.00 X 0 0 0 NIVEET NAGPAL DIRECTOR AT LARGE 2.00 X 0 0 0 SARAH PERSON CG CHAIR: EDUCATION COMMITTEE 2.00 X 0 0 0 SARAH NANASI RUSSELL CG CHAIR: YT COMMITTEE 2.00 X 0 0 0 SCOTT UDELL DIRECTOR AT LARGE 2.00 X 0 0 0 RONALD VANDERLINDEN DIRECTOR AT LARGE 2.00 X 0 0 0 C CLAYTON BROMBERG THRU 420 CHAIR: AGSL ADVISORY COMMITTEE 2.00 X 0 0 0 MARC NANASI RS THRU 43020 CHAIR: YT COMMITTEE 2.00 X 0 0 0 KELLY NEWTON CGA THRU 43020 CHAIR: MEMBERSHIP COMMITTEE 2.00 X 0 0 0 STEWART WICHT THRU 43020 DIRECTOR AT LARGE 2.00 X 0 0 0 MICHAEL RICHARDS CG PRESIDENT 2.00 X X 0 0 0 LISA BRIDGE CG PRESIDENT-ELECT 2.00 X X 0 0 0 ALEXIS PADIS CGA SECRETARY 2.00 X X 0 0 0 GEORGIE GLEIM CG SR. ADVISOR 2.00 X X 0 0 0 LARRY RICKERT TREASURER 2.00 X X 0 0 0 695894 0 78560 5 0 1 0 FREEMAN AUDIO VISUAL 3801 ADLER DR STE 150 DALLAS TX 75211 AUDIO VISUAL SERVICES FOR EVENTS 330255 1 203380 405688 609068 LABORATORY FEES 561499 2093797 2093797 MEMBERSHIP DUES 561499 1460152 1460152 MISC. PROGRAM REVENUE 900099 43494 43494 COURSE REVIEW AND FEES 561499 38593 38593 3636036 318631 318631 2088546 2205583 -117037 -117037 -117037 436294 229918 206376 206376 ADVERTISING INCOME 812900 43840 43840 43840 4696914 3842412 43840 201594 4807 430677 2144293 83647 234853 241147 71064 41970 22527 145571 254096 91115 86766 33662 3000 572810 71609 REPAIRS AND MAINTENANCE 188841 RESEARCH AND DEVELOPMEN 96130 MISCELLANEOUS 90803 BANK MERCHANT FEES 76026 82959 5068373 1268507 1204194 59896 934662 681508 34080 8232 180638 257447 9012737 4744418 4617379 4268319 6009691 6215876 18200 13898 2 392346 357288 363506 367697 13819009 13434357 357515 198433 502703 501896 0 108706 860218 809035 X 12950860 12616976 7931 8346 12958791 12625322 13819009 13434357 -371459 37990 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 725689 725689 4902540 2626231 2276309 3003061 1919546 1083515 381447 198641 182806 4268319 CAPITAL LEASE - CURRENT PORTION 18580 CAPITAL LEASE - LT PORTION 90126 108706 4521443 229918 229918 4291525 405389 405389 4696914 5275764 229918 229918 5045846 22527 22527 5068373 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. X X X 1 0 0 KATHERINE BODOH CEO, AGS & AGS LABS 178035 0 22500 0 0 0 7369 0 8562 0 216466 0 0 0 JASON QUICK AGS LABORATORIES EXEC DIR 126695 0 10374 0 0 0 7019 0 9077 0 153165 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE 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 2 MARC 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 6 THE 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 7A ALL 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 7B BYLAW 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 11B THE 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 12C A 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 15 THE 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 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BY SUBMITTING A REQUEST TO THE ORGANIZATION. AGS LAB SERVICES LLC 8881 W SAHARA AVE LAS VEGAS NV 89117 951409272 LAB OPS NV 2339505 5213532 AMERICAN GEM SOCIETY AMERICAN GEM SOCIETY LABORATORIES 8917 W SAHARA AVE LAS VEGAS NV 89117 880389855 DIAMOND GRADING NV 2339505 5213532 AGS LAB SERVICES LLC JEWELERS EDUCATION FOUNDATION 8881 W SAHARA AVE LAS VEGAS NV 89117 854065573 EDUCATION NV 501(C)(3) LINE 7 AMERICAN GEM SOCIETY 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0