Natural Diamond Council Usa Inc
- Assets
- $3.5m
- Revenue
- $35.2m
- Investments
- $0.0
- Employees
- 22
- Location
- New York, NY
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 81-3264830
Organization Overview
Natural Diamond Council Usa Inc is located in New York, NY. The organization was established in 2016. 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 12/2023, Natural Diamond Council USA Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Natural Diamond Council USA 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 12/2023, Natural Diamond Council USA Inc generated $35.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $35.2m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT AND PROMOTE THE INTEGRITY AND REPUTATION OF DIAMONDS TO ENSURE THE INDUSTRY SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"TO TREASURE NOW AND FOREVER CAMPAIGN"THIS CAMPAIGN WAS LAUNCHED IN SEPTEMBER 2023 TO CELEBRATE THE ENDURING ALLURE OF NATURAL DIAMONDS. THIS DYNAMIC CAMPAIGN STARS EMMY-NOMINATED ACTOR LILY JAMES AND SHOWCASES EXCLUSIVE PIECE FROM KEY RETAIL PARTNERSHIPS.
THANK YOU, BY THE WAY CAMPAIGN - WITH THE OBJECTIVE OF BRINGING TOGETHER GLOBAL AND LOCAL FACTS RECOGNIZING THE NATURAL DIAMOND INDUSTRY'S CONTRIBUTIONS TO COMMUNITIES AND THE PLANET IN A SINGLE, EASY TO DIGEST CAMPAIGN, THE NDC LAUNCHED ITS "THANK YOU, BY THE WAY" CAMPAIGN. BY COBRANDING THE CAMPAIGN WITH THE RESPONSIBLE JEWELRY COUNCIL, THE NDC IS SEEKING TO RAISE AWARENESS OF THE RJC WITH THE AIM OF ENCOURAGING CONSUMERS TO ACTIVELY UNDERSTAND AND SEEK OUT MEMBERS OF THE ORGANIZATION, THEREBY ELEVATING THE INFLUENCE OF THE MEMBERS. .
TREND REPORTSEACH NDC REGION (US, CHINA & INDIA) PRODUCES A BIANNUAL TREND REPORT, REPRESENTING THE KEY TRENDS IN NATURAL DIAMOND JEWELRY AND CONNECTING THEM TO CULTURAL TRENDS IN THE WIDER MARKET. JEWELRY BEST REPRESENTING THE TRENDS IS LOANED FROM DESIGNERS, BRANDS AND RETAILERS, AND EDITORIAL SHOOTS THEN CAPTURE THE TRENDS WITH FASHION FORWARD STYLING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Kellie Director | OfficerTrustee | 40 | $603,720 |
Gabrielle Marie Miraldi-Grazi VP Trade | Officer | 40 | $262,383 |
Broekema Samuel Holseth Editor In Chief | Officer | 40 | $259,531 |
Giambona Nancy Head Of Marketing | Officer | 40 | $194,663 |
Kristina Buckley Kayel Managing Director | 40 | $462,591 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emmy Kondo Trade Research & Insights Consulting | 6/29/17 | $122,400 |
Michael Pace Trade Marketing Liaison | 6/29/17 | $204,187 |
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 | $35,189,732 |
| Investment income | $55,745 |
| 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 | $35,245,477 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,209,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $214,908 |
| Payroll taxes | $310,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,554 |
| Fees for services: Accounting | $274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,597 |
| Advertising and promotion | $29,966,579 |
| Office expenses | $79,736 |
| Information technology | $367,975 |
| Royalties | $0 |
| Occupancy | $233,205 |
| Travel | $275,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $203,390 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,629 |
| Insurance | $27,180 |
| All other expenses | $3,741 |
| Total functional expenses | $35,245,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,437,497 |
| Savings and temporary cash investments | $0 |
| 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 | $39,500 |
| Net Land, buildings, and equipment | $38,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $936,828 |
| Total assets | $3,452,073 |
| Accounts payable and accrued expenses | $3,452,073 |
| 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 | $3,452,073 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,452,073 |