2024-11-15T09:46:01-06:00 2023-12-31 842953567 TRIMNERBECKHAM PLLC 1750 TYSONS BLVD SUITE 1500 MCLEAN VA 22102 990 2023-01-01 431291177 DIAMOND COUNCIL OF AMERICA DIAM 6466585814 120 BROADWAY 2028 NEW YORK NY 10271 TERRY W CHANDLER PRESIDENT & CHIEF EXECUTIVE OFFICER 6466585814 2024-11-15 1 0 DAVID TRIMNER P00444822 7036631756 2023 2024-10-15 13:58:12Z TERRY W CHANDLER 120 BROADWAY 2028 NEW YORK NY 10271 633483 0 X WWW.DCALEARNING.ORG X 1948 NY EDUCATE ITS MEMBERS, THEIR EMPLOYEES, SUPPLIERS & GENERAL PUBLIC ABOUT DIAMONDS & FINE JEWELRY. 9 9 2 9 0 0 15285 4322 126465 122595 3278 4987 376135 415072 521163 546976 0 0 0 0 168287 175466 0 0 0 304993 313205 473280 488671 47883 58305 456213 545889 116884 141855 339329 404034 X THE MISSION OF DIAMOND COUNCIL OF AMERICA (DCA) IS TO PROVIDE QUALITY, AFFORDABLE DISTANCE EDUCATION TO ENHANCE THE ABILITY OF OUR MEMBERS' ASSOCIATES TO SELL FINE JEWELRY WITH EXPERTISE, INTEGRITY, AND PROFESSIONALISM AND TO FUEL THE PASSION OF ALL THOSE LOOKING TO LEARN ABOUT OUR INDUSTRY. 0 0 149254 415072 DCA EDUCATIONAL COURSES:EDUCATIONAL COURSES FOR MEMBERS OF THE COUNCIL CONCERNING DIAMONTOLOGY AND GEMOLOGY. THE COURSES HELP CONVEY EXACTLY WHAT THE OBJECTIVE FACTORS SUCH AS THE 4CS MEAN IN PERSONAL TERMS LIKE BEAUTY, EMOTION, QUALITY, SYMBOLISM, AND VALUE. FOR MORE THAN SIXTY YEARS, THE DCA'S EDUCATIONAL COURSES HAVE TAUGHT STUDENTS HOW TO ACHIEVE THIS COMPLEX AND CRITICAL COMBINATION, THUS ENABLING THEM TO REACH HIGHER LEVELS IN THEIR CAREERS. 41706 122595 MEMBERSHIP:MEMBERSHIP IN DCA IS A CONTINUOUS, LONG-TERM INVESTMENT IN JEWELRY EDUCATION AND PROFESSIONALISM, MEANINGFUL INDUSTRY AND CONSUMER IDENTITY AND ADVANCEMENT THROUGH KNOWLEDGE. 190960 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X BYRON BARTON 6466585814 120 BROADWAY SUITE 2028 NEW YORK NY 10271 CHUCK KUBA CHAIRMAN 4.00 X X 0 0 0 DAVID BONAPARTE VICE CHAIRMAN 4.00 36.00 X X 0 563998 89278 BILL LUTH VICE CHAIRMAN 4.00 X X 0 0 0 DAN CASANOVA SECRETARY/TREASURER 4.00 X X 0 0 0 STEVEN VELASQUEZ PAST CHAIRMAN 4.00 X X 0 0 0 KATE PETERSON DIRECTOR 4.00 X 0 0 0 BUD FLUTY DIRECTOR 4.00 X 0 0 0 JENNIFER HAMMOND DIRECTOR 4.00 X 0 0 0 JULIE KEENEY DIRECTOR 4.00 X 0 0 0 TERRY W CHANDLER PRESIDENT & CEO 40.00 X 90803 0 10103 90803 563998 99381 0 0 1 0 JEWELERS OF AMERICA INC 120 BROADWAY 28TH FLOOR NEW YORK NY 10271 MANAGEMENT SERVICE 160000 1 4322 4322 MEMBERSHIP DUES 900099 122595 122595 122595 5719 5719 75562 76294 -732 -732 -732 425285 10213 415072 415072 546976 537667 0 4987 100906 67083 33823 55327 37069 18258 8223 5082 3141 11010 7377 3633 160000 160000 25835 25835 2472 2472 2779 250 2529 500 500 11443 5290 6153 37137 31425 5712 23510 11755 11755 1882 1882 5156 5156 DUES/DONATIONS/SUBSCRIP 32384 25108 7276 PAYROLL EXPENSES 778 521 257 9329 9329 488671 190960 297711 0 137065 259884 1285 1726 84158 40976 30923 33929 76091 76091 0 0 176164 184638 15040 13158 11578 11578 456213 545889 30338 63931 86546 77924 116884 141855 X 339329 404034 339329 404034 456213 545889 58305 6400 0 X 0 1 X 1 0 X 95313 15285 4322 114920 559634 349241 500116 506515 547880 2463386 559634 444554 500116 521800 552202 2578306 0 398151 76064 402610 276692 428347 1581864 398151 76064 402610 276692 428347 1581864 996442 23520 15795 4402 4169 5719 53605 23520 15795 4402 4169 5719 53605 43 348 391 583197 460349 504866 525969 557921 2632302 0.37850 0.37650 0.02040 0.02520 X 23536 23536 0 52555 52555 0 0 X 561117 6400 6400 554717 2472 -10213 -7741 546976 496412 10213 10213 486199 2472 2472 488671 PART X, LINE 2: DCA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. DCA IS ALSO EXEMPT FROM STATE INCOME TAXES. DCA RECOGNIZES A TAX POSITION AS A BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE LIKELY THAN NOT TEST, NO TAX BENEFIT IS RECORDED. DCA HAS NO MATERIAL UNCERTAIN TAX POSITIONS FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023 AND 2022, DCA HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. IT IS DCA'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. IN MANAGEMENT'S OPINION, DCA DOES NOT HAVE ANY UNRELATED BUSINESS INCOME AND, ACCORDINGLY, A FORM 990-T EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN IS NOT REQUIRED TO BE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: COURSE EXPENSES -10,213. PART XII, LINE 2D - OTHER ADJUSTMENTS: COURSE EXPENSES 10,213. 0 0 0 0 0 0 0 0 0 DAVID BONAPARTE VICE CHAIRMAN 0 563998 0 0 0 0 0 46091 0 43187 0 653276 0 0 PART I, LINE 3 COMPENSATION IS SET BY THE RELATED ORGANIZATION UTILIZING COMPARABILITY DATA. FORM 990, PART VI, SECTION A, LINE 3 DIAMOND COUNCIL OF AMERICA (DCA) ENTERED INTO A MANAGEMENT SERVICE AGREEMENT WITH JEWELERS OF AMERICA EFFECTIVE 10/01/2017. THE SERVICE PROVIDED IS PRIMARILY ADMINISTRATIVE IN NATURE (BACK OFFICE), INCLUDING FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND PUBLIC RELATIONS. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE THREE (3) CLASSES OF MEMBERSHIP - EXECUTIVE MEMBERS, ASSOCIATE MEMBERS, AND THE AFFILIATE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE AFFILIATE MEMBER AND EACH EXECUTIVE MEMBER ARE ENTITLED TO ONE VOTE IN PERSON OR BY PROXY, PROVIDED THAT THE AFFILIATE MEMBER MAY IDENTIFY AN INDIVIDUAL TO SERVE AS THE AFFILIATE MEMBER'S REPRESENTATIVE IN CASTING SUCH VOTE IN PERSON OR BY PROXY. ASSOCIATE MEMBERS ARE NOT ENTITLED TO VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE AFFILIATE MEMBER, JEWELERS OF AMERICA, INC., CAN MAKE GOVERNANCE DECISIONS OR APPROVE/RATIFY DECISIONS OF THE GOVERNING BODY (MERGERS, DISSOLUTIONS, LIQUIDATION, OR DISPOSITION OF SUBSTANTIALLY ALL OF THE ASSETS OF THE COUNCIL). FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. IT IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR REVIEW BEFORE FILING WITH THE IRS. A COPY OF FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIAMOND COUNCIL OF AMERICA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH CONFLICT OF INTEREST POLICY. DESIGNATED BOARD MEMBERS ARE CHARGED WITH MONITORING THE POLICY AND DECIDING THE COURSE OF ACTION WHEN A CONFLICT IS IDENTIFIED. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO)'S COMPENSATION WAS SET BY AN INDEPENDENT PERSON USING COMPARABILITY DATA AND DOCUMENTING THE PROCESS. THE COMPENSATION COMMITTEE OF THE BOARD ANNUALLY REVIEWS THE CEO AND ALL EMPLOYEES' TOTAL COMPENSATION PACKAGE TO SEE THAT IT IS COMPETITIVE IN THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS. THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. JEWELERS OF AMERICA INC 120 BROADWAY 28TH FLOOR NEW YORK NY 10271 530246294 TO PROMOTE CONSUMER CONFIDENCE IN THE JEWELRY INDUSTRY NY 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 JEWELERS OF AMERICA INC M 160000 FMV