Jewelers Of America Inc
- Assets
- $73.9m
- Revenue
- $6.4m
- Investments
- $21.3m
- Employees
- 17
- Location
- New York, NY
- Founding
- 02/1977
- Data as of
- 09/2021
- EIN
- 53-0246294
Organization Overview
Jewelers Of America Inc is located in New York, NY. The organization was established in 1977. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Jewelers Of America Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewelers Of America 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 09/2021, Jewelers Of America Inc generated $6.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $4.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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 PROMOTE CONSUMER CONFIDENCE IN THE JEWELRY INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY:SINCE 1906, JEWELERS OF AMERICA, INC. (JOA) HAS BEEN ADVANCING THE FINE JEWELRY INDUSTRY THROUGH ADVOCACY IN PUBLIC, GOVERNMENT, AND INDUSTRY AFFAIRS; AND HAS BEEN THE LEADER IN THE DEVELOPMENT OF HIGH ETHICAL, SOCIAL, AND ENVIRONMENTAL STANDARDS AMONG THE RETAIL JEWELRY TRADE. THE ASSOCIATION REPRESENTS ITS MEMBERS AND THE FINE JEWELRY INDUSTRY, IN WASHINGTON, D.C. AS WELL AS ON INTERNATIONAL PLATFORMS. JOA KEEPS MEMBERS INFORMED WITH TOOLS AND GUIDANCE ON ISSUES THAT COULD AFFECT THE JEWELRY INDUSTRY.
MEMBER BENEFITS:IN ADDITION TO ADVOCACY, JEWELERS OF AMERICA, OFFERS MEMBERS BENEFITS INCLUDING BUSINESS RESOURCES, MARKETING TOOLS, DISCOUNT PROGRAMS, EDUCATION SCHOLARSHIPS, AND CERTIFICATION OPPORTUNITIES. THE MEMBER BENEFITS, ACCESSIBLE THROUGH THE ASSOCIATION'S WEBSITE, WWW.JEWELERS.ORG, HELP MEMBERS SAVE MONEY, IMPROVE OPERATIONS AND BUILD BUSINESS.
EDUCATION:JEWELERS OF AMERICA WORKS HARD TO EDUCATE CONSUMERS ABOUT FINE JEWELRY AND WORKS ON BEHALF OF THE ENTIRE INDUSTRY TO PROMOTE AND CREATE DEMAND FOR FINE JEWELRY AND WATCHES. THROUGH THE USE OF PUBLIC RELATIONS, MARKETING, SOCIAL MEDIA, AND A CONTENT-RICH WEBSITE, JEWELERS OF AMERICA COMMUNICATES WITH CONSUMERS ABOUT FINE JEWELRY GIFT GIVING, TRENDS, SAVVY SHOPPING TIPS, AND THE IMPORTANCE OF SHOPPING WITH A JEWELERS OF AMERICA-MEMBER STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bonaparte Chief Executive Officer | Officer | 35 | $532,434 |
Hugue-Annie Doresca Chief Financial Officer | Officer | 36 | $181,773 |
Molly Fallon Director Of Marketing & Comm | 40 | $147,706 | |
Amanda Gizzi Director Of Public Relations | 40 | $138,714 | |
Regina Ciarleglio Director Of Membership & Sales | 40 | $129,466 | |
Byron Barton Controller | 40 | $128,484 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
42nd Street Llc Venue For Gem Awards | 9/29/20 | $127,988 |
Haake & Associates Legislative/lobbying | 9/29/20 | $113,046 |
42nd Street Llc Venue For Gem Awards | 9/29/20 | $127,988 |
Haake & Associates Legislative/lobbying | 9/29/20 | $113,046 |
Sustainable & Responsible Solutions Ltd Consultation On International Affair | 9/29/20 | $102,819 |
Sustainable & Responsible Solutions Ltd Consultation On International Affair | 9/29/20 | $102,819 |
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 | $1,197,873 |
| Investment income | $1,805,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $704,863 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,548,426 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,406,323 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,548 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $827,867 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,217,042 |
| Pension plan accruals and contributions | $100,370 |
| Other employee benefits | $210,599 |
| Payroll taxes | $142,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $951 |
| Fees for services: Accounting | $45,516 |
| Fees for services: Lobbying | $95,796 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $188,381 |
| Fees for services: Other | $355,362 |
| Advertising and promotion | $80,851 |
| Office expenses | $232,755 |
| Information technology | $90,151 |
| Royalties | $0 |
| Occupancy | $359,116 |
| Travel | $25,382 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,185 |
| Interest | $16,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,818 |
| Insurance | $39,919 |
| All other expenses | $8,627 |
| Total functional expenses | $4,291,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,583 |
| Savings and temporary cash investments | $388,873 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450,552 |
| 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 | $225,149 |
| Net Land, buildings, and equipment | $89,698 |
| Investments—publicly traded securities | $48,641,416 |
| Investments—other securities | $21,275,789 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,722,664 |
| Total assets | $73,932,724 |
| Accounts payable and accrued expenses | $601,826 |
| Grants payable | $0 |
| Deferred revenue | $387,832 |
| 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 | $500,175 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $359,828 |
| Total liabilities | $1,849,661 |
| Net assets without donor restrictions | $72,083,063 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $73,932,724 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jewelers Of America Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Gemological Institute Of America Inc Carlsbad, CA PURPOSE: SUPPORT CONSUMER PROTECTION & EDUCATION | $25,000 |
Endowment Analysis
| Beg. Balance | $59,864,279 |
| Earnings | $12,906,282 |
| Other Expense | $2,603,981 |
| Ending Balance | $70,166,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |