Jewelers Vigilance Committee Inc
- Assets
- $4.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 05/1965
- Data as of
- 12/2022
- EIN
- 13-1661424
Organization Overview
Jewelers Vigilance Committee Inc is located in New York, NY. The organization was established in 1965. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 12/2022, Jewelers Vigilance Committee Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewelers Vigilance Committee Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Jewelers Vigilance Committee Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND INVESTIGATIVE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PERFORM VARIOUS EDUCATION AND INVESTIGATIVE SERVICES FOR THE JEWELERY AND DIAMOND INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Michno Director | Trustee | 0 | $0 |
Charles Stanley Past Chairman | Trustee | 0 | $0 |
Maria Valim Director | Trustee | 0 | $0 |
Michael Richards Director | Trustee | 0 | $0 |
Peter Webster Director | Trustee | 0 | $0 |
David Bindra Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $972,550 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,942 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,077,492 |
| Total Program Service Revenue | $100,256 |
| Investment income | $89,142 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,291,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $461,581 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $419,858 |
| Pension plan accruals and contributions | $42,659 |
| Other employee benefits | $98,472 |
| Payroll taxes | $51,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,914 |
| Advertising and promotion | $20,110 |
| Office expenses | $8,952 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,045 |
| Travel | $46,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,839 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,320 |
| Insurance | $0 |
| All other expenses | $70,435 |
| Total functional expenses | $1,548,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,276 |
| Savings and temporary cash investments | $3,365,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,709 |
| Net Land, buildings, and equipment | $8,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $56,889 |
| Other assets | $173,477 |
| Total assets | $3,951,555 |
| Accounts payable and accrued expenses | $51,048 |
| Grants payable | $0 |
| Deferred revenue | $461,200 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $167,695 |
| Total liabilities | $679,943 |
| Net assets without donor restrictions | $1,334,073 |
| Net assets with donor restrictions | $1,937,539 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,951,555 |