International Colored Gemstone Association
- Assets
- $714.4k
- Revenue
- $427.3k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 95-3901200
Organization Overview
International Colored Gemstone Association is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, International Colored Gemstone Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Colored Gemstone Association 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, International Colored Gemstone Association generated $427.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $581.2k during the year ending 12/2021. While expenses have increased by 6.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AN UNDERSTANDING AND APPRECIATION OF NATURAL COLORED GEM STONES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE UNDERSTANDING APPRECIATION AND SALE OF NATURAL COLORED GEMSTONES THROUGHOUT THE WORLD VIA TRADE SHOWS, CONFERENCES AND INFORMATION BUREAU IN NEW YORK, EUROPE AND ASIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Roskin CEO | Officer | 40 | $135,577 |
Warren Boyd V.P. | OfficerTrustee | 2 | $0 |
Clement Sabbagh President | OfficerTrustee | 10 | $0 |
Duncan Mclauchlan Treasurer | OfficerTrustee | 2 | $0 |
Henry Ho V.P. | OfficerTrustee | 2 | $0 |
Altaf Iqbal Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,600 |
| 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 | $44,600 |
| Total Program Service Revenue | $235,675 |
| Investment income | $0 |
| 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 | $427,324 |
| 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. | $135,577 |
| Compensation of current officers, directors, key employees. | $135,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,246 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,139 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,800 |
| Advertising and promotion | $1,079 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,813 |
| Travel | $1,534 |
| 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 | $0 |
| Insurance | $10,173 |
| All other expenses | $51,201 |
| Total functional expenses | $581,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $426,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,721 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $138,342 |
| Other assets | $9,178 |
| Total assets | $714,364 |
| Accounts payable and accrued expenses | $5,885 |
| 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 | $155,563 |
| Total liabilities | $161,448 |
| Net assets without donor restrictions | $552,916 |
| 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 | $714,364 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Colored Gemstone Association has recieved totaling $18,100.
| Awarding Organization | Amount |
|---|---|
Gemological Institute Of America Inc Carlsbad, CA PURPOSE: PROMOTE UNDERSTANDING OF COLORED GEM STONES | $18,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ibm International Foundation Armonk, NY | $379,735,895 | $37,675,246 |
International Brotherhood Of Electl Wkrs 43 & Electrical Contract Wlfr Syracuse, NY | $54,107,460 | $23,322,409 |
American Friends Of Hebron Yeshiva Jerusalem Inc New York, NY | $25,067,213 | $12,744,013 |
American Friends Of Nishmat New York, NY | $924,715 | $3,909,273 |
American Friends Of Kollel Shaarei Simcha Inc Lakewood, NJ | $629,948 | $2,453,453 |
Worldscale Assoc Nyc Inc New York, NY | $4,101,775 | $1,283,281 |
Aleph Society Inc New York, NY | $1,195,690 | $2,418,228 |
Latin American And Caribbean Network For Democracy Inc Wayland, MA | $106,495 | $1,142,210 |
American Friends Of Sucath David Inc Brooklyn, NY | $50,628 | $601,691 |
American Friends Of Bnei Akiva Yeshivas In Israel Inc New York, NY | $232,193 | $1,234,954 |
International Grooving & Grinding Assoc Inc West Coxsackie, NY | $2,039,990 | $893,129 |
Wells Mountain Initiative Inc Bristol, VT | $3,066,989 | $541,087 |