Jewelers Vigilance Committee Inc
- Assets
- $4.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 05/1965
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Jewelers Vigilance Committee Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
2021
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 |
|---|---|---|---|
Tiffany C Stevens President & CEO | Officer | 50 | $308,846 |
Karen Kovach Director Of Mktg/ptr. & De | 40 | $163,115 | |
Sara E Yood Deputy Counsel General | 40 | $153,462 | |
Miya T Owens Associate Counsel & Direct | 40 | $117,654 | |
Jenny Luker Chairman | Officer | 10 | $0 |
Greg Kwiat Vice President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $743,360 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $763,360 |
| Total Program Service Revenue | $78,535 |
| Investment income | $136,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,623 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,098,238 |
| 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. | $308,846 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $585,369 |
| Pension plan accruals and contributions | $44,199 |
| Other employee benefits | $67,299 |
| Payroll taxes | $56,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,030 |
| Fees for services: Accounting | $15,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,437 |
| Advertising and promotion | $8,072 |
| Office expenses | $10,682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,391 |
| Travel | $10,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,252 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,394 |
| Insurance | $0 |
| All other expenses | $67,067 |
| Total functional expenses | $1,391,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,942 |
| Savings and temporary cash investments | $3,768,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $40,365 |
| Net Land, buildings, and equipment | $12,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $73,119 |
| Other assets | $13,916 |
| Total assets | $4,420,545 |
| Accounts payable and accrued expenses | $61,526 |
| Grants payable | $0 |
| Deferred revenue | $547,886 |
| 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 | $0 |
| Total liabilities | $609,412 |
| Net assets without donor restrictions | $1,791,569 |
| Net assets with donor restrictions | $2,019,564 |
| 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 | $4,420,545 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewelers Vigilance Committee Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Gemological Institute Of America Inc Carlsbad, CA PURPOSE: SUPPORT EDUCATION SERVICES | $15,000 |
Endowment Analysis
| Beg. Balance | $1,484,934 |
| Earnings | $511,690 |
| Ending Balance | $1,996,624 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Job Haines Home For Aged People Bloomfield, NJ | $0 | $13,992,218 |
National Employment Law Project New York, NY | $36,945,539 | $28,468,776 |
Southcentral Workforce Investment Board Harrisburg, PA | $3,804,661 | $12,566,907 |
True North Flexstaff Inc Westbury, NY | $18,448,140 | $27,215,805 |
Dig Safe System Inc Wilmington, MA | $4,148,340 | $6,175,046 |
New York Building Congress Inc New York, NY | $3,066,059 | $4,826,595 |
Careers Through Culinary Arts Program Inc New York, NY | $2,830,215 | $5,233,513 |
Encyclopaedia Iranica Foundation Inc New York, NY | $22,477,016 | $2,010,229 |
Fuel Merchants Association Of New Jersey Cranford, NJ | $2,186,994 | $1,562,085 |
Workforce Professionals Traininginstitute New York, NY | $1,114,908 | $1,988,483 |
Adult Vocational Programs Inc Chester, CT | $421,705 | $1,785,717 |
Jewelers Vigilance Committee Inc New York, NY | $4,420,545 | $1,098,238 |