2024-10-12T16:22:08-05:00 2023-11-30 390859910 BAKER TILLY ADVISORY GROUP LP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2022-12-01 951409272 AMERICAN GEM SOCIETY AMER 7022556500 8881 W SAHARA AVENUE LAS VEGAS NV 89117 JANICE BROOKS CFO 7022556500 2024-10-11 1 0 BRIAN YACKER P00401346 9492222999 2024-10-11 2022 2024-10-15 13:58:12Z KATHERINE BODOH 8881 W SAHARA AVENUE LAS VEGAS NV 89117 22294262 0 X WWW.AGS.ORG X 1934 NV DEDICATED TO CONSUMER PROTECTION, ETHICAL BUSINESS STANDARDS, AND THE DEVELOPMENT OF THE HIGHEST GEMOLOGICAL SKILL, KNOWLEDGE, AND GRADING STANDARDS OF ITS MEMBERSHIP AND CUSTOMERS. 17 17 65 18 77979 0 1192110 6204947 5513008 2256605 5086781 451811 774817 932475 12566716 9845838 0 0 0 0 3351374 2291202 0 0 0 3433660 2849069 6785034 5140271 5781682 4705567 20102646 24522554 1397514 745906 18705132 23776648 DEDICATED TO CONSUMER PROTECTION, ETHICAL BUSINESS STANDARDS, AND THE DEVELOPMENT OF THE HIGHEST GEMOLOGICAL SKILL, KNOWLEDGE, AND GRADING STANDARDS OF ITS MEMBERSHIP AND CUSTOMERS. 0 0 AMERICAN GEM SOCIETY LABORATORIES, LLC WAS FOUNDED TO SUPPORT THE AGS MISSION. IT IS A NONPROFIT DIAMOND GRADING LABORATORY WITH A MISSION OF CONSUMER PROTECTION. ADHERING TO THE AGS DIAMOND GRADING STANDARDS, AGS LABORATORIES IS DEDICATED TO OFFERING DIAMOND GRADING REPORTS THAT PROVIDE CONSISTENCY AND ACCURACY BASED ON SCIENCE. AMERICAN GEM SOCIETY LABORATORIES, LLC CEASED OPERATIONS EFFECTIVE 12/31/2022. MEMBERSHIP MAINTAINS THE PROCESSES, STANDARDS AS OUTLINED IN THE AGS MEMBERSHIP MANUAL, MEMBER JOURNEY, AND MEMBERSHIP BENEFIT PROGRAMS. AGS DEVELOPS EDUCATIONAL CONTENT FOR OUR MEMBERSHIP, WHICH THEY CAN USE TO EDUCATE CONSUMERS IN THEIR RESPECTIVE COMMUNITIES, RESULTING IN ENHANCED KNOWLEDGE AND APPRECIATION FOR THEIR PURCHASE AND A DEEPER UNDERSTANDING OF THE JEWELRY INDUSTRY. APPROXIMATELY 700 MEMBERS ATTEND THE ANNUAL EDUCATIONAL CONFERENCE, AND 2,000 COMPLETE EDUCATIONAL COURSES AND PROGRAMS. 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 40 0 1 65 1 1 1 0 0 0 1 1 0 0 0 X 17 17 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NV X JANICE BROOKS 7022556500 8881 W SAHARA AVENUE LAS VEGAS NV 89117 KATHERINE BODOH CEO 40.00 X 262028 0 21047 JANICE BROOKS CFO 40.00 X 221945 0 18678 JASON QUICK FORMER LABORATORY EXECUTIVE DIR. 40.00 X 214408 0 16279 DONNA JOLLY DIRECTOR OF MARKETING 40.00 X 118429 0 12649 LAUREN JOHANSEN DIRECTOR OF MEMBERSHIP 40.00 X 110393 0 12288 GREG TORDJMAN SECURITY/IT MANAGER 40.00 X 107109 0 12030 LISA BRIDGE PRESIDENT 2.00 X X 0 0 0 ALEXIS PADIS PRESIDENT-ELECT 2.00 X X 0 0 0 LARRY RICKERT TREASURER/CHAIR FAL COMMITTEE 2.00 X X 0 0 0 BRYAN MOELLER SECRETARY 2.00 X X 0 0 0 WILLIAM FARMER JR SENIOR ADVISOR 2.00 X X 0 0 0 AMANDA COLEMAN-PHELPS CHAIR: INTERNATIONAL GUILDS COUNCIL 2.00 X 0 0 0 DAVID MAZER DIRECTOR AT LARGE (STARTED 05/23) 2.00 X 0 0 0 DENISE RICHARDS CHAIR: CONCLAVE SUBCOMMITTEE 2.00 X 0 0 0 JOHN CARTER CHAIR: GEM SCI. COMM./AGSL ADV. COMM. 2.00 X 0 0 0 KEVIN MAYS DIRECTOR AT LARGE 2.00 X 0 0 0 MARIA BROWN CHAIR: YT COMMITTEE 2.00 X 0 0 0 MITCHELL CLARK CHAIR:MEMBERSHIP COMMITTEE 2.00 X 0 0 0 NIVEET NAGPAL DIRECTOR AT LARGE 2.00 X 0 0 0 RICK BECKETT DIRECTOR AT LARGE (UNTIL 03/23) 2.00 X 0 0 0 RYAN BERG DIRECTOR AT LARGE 2.00 X 0 0 0 SARAH PERSON CHAIR: EDUCATION COMMITTEE 2.00 X 0 0 0 SARIN BACHMANN DIRECTOR AT LARGE 2.00 X 0 0 0 SUMIT DANGI DIRECTOR AT LARGE 2.00 X 0 0 0 1034312 0 92971 6 1 1 0 0 6204947 34615 6204947 MEMBERSHIP DUES 561499 1520514 1520514 MEMBER EVENT REG. 561499 543723 543723 LABORATORY FEES 561499 106451 106451 COURSE AND EXAM FEES 561499 85917 85917 2256605 451235 451235 183315 0 183315 183315 183315 12449000 12448424 576 576 576 AFFINITY CARD 900099 612115 612115 ADVERTISING 900099 77979 77979 SUBSCRIPTION REVENUE 900099 59066 59066 749160 9845838 2498986 77979 1063926 634432 1407589 24871 84897 139413 33859 50821 510683 359915 178508 71200 52780 72344 687289 6285 205331 66006 REPAIRS AND MAINTENANCE 126148 STRATEGIC PROJECT 85601 DISPOSAL OF ASSET 59106 BOARD EXPENSES 44173 239020 5140271 3022424 1214895 70495 9216 697644 198745 362393 340988 5987032 3317565 2957007 2669467 12537473 19660825 299714 194825 155496 233593 20102646 24522554 866698 403895 461344 295498 69472 46513 1397514 745906 X 18696350 18016291 8782 5760357 18705132 23776648 20102646 24522554 4705567 365949 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 5000000 215917 5215917 0.00000 0.95860 0.04140 0 0 725689 725689 4688733 2832457 1856276 572610 485108 87502 2669467 FINANCE LEASE LIABILITY 46513 46513 X PART V, LINE 4: ENDOWMENT $5M-SUPPORT STRATEGIC EDUCATIONAL INITIATIVES RELATING TO ENSURING THE PUBLIC TRUST IN GEMS AND JEWELRY. GRANT TOTAL $3.5M PAID $500K/YR 2023-2029-SUPPORT STRATEGIC EDUCATIONAL INITIATIVES, INCLUDING THOSE AT THE ANNUAL AGS CONCLAVE, OR RELATING TO ENSURING THE PUBLIC TRUST IN GEMS AND JEWELRY. PART X, LINE 2: THE SOCIETY IS ORGANIZED AS A NEVADA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICES ("IRS") AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCIBED IN SECTION 501(C)(6). THE SOCIETY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ("FORM 990") WITH THE IRS. IN ADDITION, THE SOCIETY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. THE SOCIETY FILES AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN ("FORM 990-T") WITH THE IRS TO REPORT ITS UNRELATED BUSINESS TAXABLE INCOME. X X X 0 0 0 KATHERINE BODOH CEO 232426 0 29602 0 0 0 13598 0 7449 0 283075 0 0 0 JANICE BROOKS CFO 195663 0 26282 0 0 0 11261 0 7417 0 240623 0 0 0 JASON QUICK FORMER LABORATORY EXECUTIVE DIR. 180710 0 33698 0 0 0 9424 0 6855 0 230687 0 0 0 X DIAMONDS 24 34615 FMV 0 0 0 PART I, COLUMN (B): NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI THE EXECUTIVE COMMITTEE, COMPRISED OF THE PRESIDENT, PRESIDENT-ELECT, SENIOR ADVISOR, TREASURER, SECRETARY, CEO (NON-VOTING), AND CFO (NON-VOTING) SHALL HAVE AND MAY EXERCISE THE POWERS OF THE INTERNATIONAL BOARD OF DIRECTORS CONCERNING TRADE AND PUBLIC RELATIONS AND SUCH DUTIES AND AUTHORITY AS SHALL BE SET FORTH IN THE BYLAWS AND AS MAY BE DELEGATED BY THE INTERNATIONAL BOARD OF DIRECTORS. THE COMPENSATION OF THE CEO SHALL BE FIXED BY THE EXECUTIVE COMMITTEE. THE COMPENSATION OF THE CFO SHALL BE FIXED BY THE CEO. FORM 990, PART VI, SECTION A, LINE 2 LARRY RICKERT AND JOHN CARTER HAVE A BUSINESS RELATIONSHIP - JOINT OWNERSHIP OF JACK LEWIS JEWELERS. MARIA BROWN AND SARAH PERSON HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE AMERICAN GEM SOCIETY ("AGS") IS AN ORGANIZATION COMPRISED OF MEMBERS THAT INCLUDE TWO CLASSES WITH VOTING RIGHTS: TITLEHOLDER AND FIRM MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL BOARD SEATS ARE ELECTED BY THE ELIGIBLE MEMBERS IN GOOD STANDING, AS OUTLINED IN THE AGS BYLAWS, FROM A SLATE PRESENTED BY THE NOMINATING COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B BYLAW AMENDMENTS ARE VOTED ON BY THE ELIGIBLE MEMBERS IN GOOD STANDING, AS OUTLINED IN THE AGS BYLAWS, WITH AN AFFIRMATIVE VOTE OF A MAJORITY OF THOSE VOTING REQUIRED FOR PASSAGE. IF A BALLOT RESPONSE OF AT LEAST THIRTY-THREE PERCENT (33%) OF ALL ELIGIBLE VOTERS IS NOT RECEIVED ON ANY QUESTION, THE INTERNATIONAL BOARD OF DIRECTORS, EXCEPT AS MAY BE LIMITED BY LAW, SHALL HAVE THE RIGHT TO APPROVE AND ADOPT SUCH PROPOSED AMENDMENT TO THE BYLAWS BY THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF ALL MEMBERS OF THE INTERNATIONAL BOARD OF DIRECTORS. PROPOSALS, AS DETERMINED BY THE BOARD OF DIRECTORS, THAT MAY REQUIRE A SUBSTANTIANL FINANCIAL OUTLAY OR MAY HAVE A SUBSTANTIAL NEGATIVE IMPACT ON THE BUSINESS OF FIRM MEMBERS ARE VOTED ON BY THE FIRM MEMBERS ELIGIBLE TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD BY EMAIL FOR REVIEW. THE CEO, CFO, AND THE BOD TREASURER ALSO REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK. EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE ON AN ANNUAL BASIS THAT THEY HAVE READ THE EMPLOYEE HANDBOOK. IT IS THE RESPONSIBILITY OF THE EMPLOYEE TO NOTIFY MANAGEMENT IF A CONFLICT ARISES. BOARD MEMBERS ARE REQUIRED TO ACKNOWLEDGE ON ANNUAL BASIS THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND COMPLETE THE CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. FOR CONFLICTS, THE AGS BOARD MEMBERS MAY REQUIRE FULL OR LIMITED RECUSAL OR OTHER MEASURES, INCLUDING RESIGNATION FROM AN AGS OFFICE OR POSITION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DETERMINES AND APPROVES THE CEO'S COMPENSATION. THE EXECUTIVE COMMITTEE INCLUDES BOTH OFFICERS (CEO AND CFO) BUT THEY ARE NOT INCLUDED IN ANY DISCUSSION ON CEO COMPENSATION. THE CFO'S COMPENSATION IS DETERMINED BY THE CEO AND APPROVED BY THE TREASURER, WHO IS ALSO PART OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BY SUBMITTING A REQUEST TO THE ORGANIZATION. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. AGS LAB SERVICES LLC 8881 W SAHARA AVE LAS VEGAS NV 89117 951409272 LAB OPS NV 106451 0 AMERICAN GEM SOCIETY AMERICAN GEM SOCIETY LABORATORIES LLC 8917 W SAHARA AVE LAS VEGAS NV 89117 880389855 GRADING NV 0 0 AMERICAN GEM SOCIETY LAB SERVICES JEWELERS EDUCATION FOUNDATION 8881 W SAHARA AVE LAS VEGAS NV 89117 854065573 EDUCATION NV 501(C)(3) LINE 7 AMERICAN GEM SOCIETY 1 INTERNATIONAL GUILDS AMERICAN GEM SOCIETY 1029 STREET RD SOUTHAMPTON PA 18966 475522413 MEMBERSHIP PA 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0