Plumb Club Of New York State Inc
- Assets
- $4.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Englewood, NJ
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 13-3180239
Organization Overview
Plumb Club Of New York State Inc is located in Englewood, NJ. The organization was established in 2010. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Plumb Club Of New York State Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumb Club Of New York State 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, Plumb Club Of New York State Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $3.8m 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
TO FURTHER THE INTERESTS OF THE U.S. JEWELRY INDUSTRY BY PROMOTING FELLOWSHIP AND FURTHER ENHANCING HUMAN RELATIONSHIPS BETWEEN FELLOW INDUSTRY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP IS DRAWN FROM ALL FACETS OF THE JEWELRY, DIAMOND, AND WATCH INDUSTRIES. THE PLUMB CLUB ASSOCIATION IS A BUSINESS ASSOCIATION OF BEST CLASS MANUFACTURERS, SUPPLIERS AND WHOLESALERS OF ALL SEGMENTS OF THE JEWELRY INDUSTRY TO FURTHER PROFESSIONAL RELATIONSHIPS TO ENHANCE, LEVERAGE, AND GIVE ITS MEMBERSHIP A COMPETITIVE ADVANTAGE TO SELL, SOCIALIZE, AND INTERACT WITH JEWELRY RETAILERS AS WELL AS FELLOW MEMBERS. THE PLUMB CLUB ASSOCIATION WILL PROVIDE ITS MEMBERS THROUGH VARIOUS FORUMS, CONFERENCES, TRADE SHOW PAVILIONS, AND OTHER BUSINESS OPPORTUNITIES A COMPETITIVE ADVANTAGE TO INTERACT WITH JEWLERY RETAILERS AND FELLOW MEMBERS AND CREATE OPPORTUNITIES FOR PRINCIPALS OF MEMBER FIRMS TO INTERACT TO FURTHER FRATERNAL AND PROFESSIONAL RELATIONSHIPS TO BENEFIT THE PLUMB CLUB AND JEWELRY INDUSTRY AS A WHOLE. IN ADDITION, THE PLUMB CLUB ASSOCIATION CONDUCTS AN ANNUAL TRADE SHOW OFFERING THE JEWELRY PROFESSION THE OPPORTUNITY TO EXHIBIT THEIR PRODUCTS AND MEET WITH OTHER MEMBERS OF THE INDUSTRY IN AN ATMOSPHERE CONDUCENT TO BEST INDUSTRY PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Hess Executive Director | Officer | 35 | $165,000 |
Roger Forman Vice President | OfficerTrustee | 1 | $0 |
Michael Lerche Previous President | OfficerTrustee | 1 | $0 |
Corinna Bhasin Treasurer | OfficerTrustee | 1 | $0 |
Keven Peck Secretary | OfficerTrustee | 1 | $0 |
Samuel Sandberg President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,122,337 |
| Investment income | $2,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,124,546 |
| 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. | $175,855 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,775 |
| Advertising and promotion | $161,007 |
| Office expenses | $7,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,500 |
| Travel | $6,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $643,602 |
| Insurance | $7,746 |
| All other expenses | $1,649 |
| Total functional expenses | $3,783,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,790 |
| Savings and temporary cash investments | $1,642,692 |
| 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 | $28,427 |
| Net Land, buildings, and equipment | $1,922,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,015,109 |
| Accounts payable and accrued expenses | $7,554 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,554 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,007,555 |
| Total liabilities and net assets/fund balances | $4,015,109 |
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