2025-09-03T11:39:52-05:00 2024-12-31 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2024-01-01 237108453 THE SILVER INSTITUTE INC SILV 2028350185 1400 I STREET NW 550 WASHINGTON DC 20005 MICHAEL DIRIENZO PRESIDENT AND CEO 2028350185 2025-09-03 1 1 JENNIFER S HAN P00633304 2022937000 2025-09-03 2024 2025-03-06 01:10:19Z MICHAEL DIRIENZO 1400 I STREET NW 550 WASHINGTON DC 20005 1711314 0 X WWW.SILVERINSTITUTE.ORG X 1971 NY THE SILVER INSTITUTE'S PURPOSE IS THAT OF PROMOTING THE WELFARE OF THE SILVER INDUSTRY. 30 29 0 27 0 0 0 248700 1444487 1456003 291 6611 0 0 1444778 1711314 0 0 0 0 0 0 0 0 0 1226731 1434722 1226731 1434722 218047 276592 515361 791953 0 0 515361 791953 X THE SILVER INSTITUTE'S MISSION STATEMENT IS THAT OF PROMOTING THE WELFARE OF THE SILVER INDUSTRY BY INCREASING THE KNOWLEDGE OF AND DEMAND FOR SILVER PRODUCTS ACROSS ALL END USERS, AND TO ENCOURAGE THE DEVELOPMENT AND DEMAND AND USES FOR SILVER AND ITS PRODUCTS. THE SILVER INSTITUTE HAD 25 MEMBERS AS OF YEAR-END 2024. 0 0 THE SILVER INSTITUTE'S GENERAL PROGRAMS PROVIDE SEVERAL SERVICES BENEFITING THE GLOBAL SILVER INDUSTRY, INCLUDING INCREASING AWARENESS AND EDUCATION ABOUT SILVER THROUGH THE SILVER INSTITUTE'S WEBSITE, THE ISSUANCE OF PRESS RELEASES, MAINTAINING AN ACTIVE SOCIAL MEDIA PROGRAM, AND RELEASING A BIMONTHLY NEWSLETTER THAT HIGHLIGHTS TRENDS IN THE SILVER MARKETPLACE. WE ALSO PRODUCE A PODCAST, "TALKING SILVER, AND COORDINATE WEBINARS ON SUBJECTS IMPORTANT TO THE SILVER INDUSTRY THAT ARE PROMOTED GLOBALLY. WE RETAIN THE SERVICES OF A TECHNICAL DIRECTOR TO MONITOR AND REPORT ON GLOBAL TECHNICAL DEVELOPMENTS THAT AFFECT SILVER CONSUMPTION. THE SILVER INSTITUTE RELEASES THE ANNUAL WORLD SILVER SURVEY TO BRING TIMELY AND RELIABLE SILVER SUPPLY AND DEMAND INFORMATION TO OUR MEMBERS, MARKET PARTICIPANTS, ANALYSTS AND THE GENERAL PUBLIC. THE BREADTH OF THE SILVER INDUSTRY READS WORLD SILVER SURVEY, AND THE PUBLICATION REMAINS THE MOST WIDELY REFERENCED AND QUOTED ANNUAL REPORT ON THE SILVER MARKET. THE SILVER INSTITUTE HAS MARKET DEVELOPMENT PROGRAMS IN MEXICO, PERU, INDIA, AND CHINA. THE INSTITUTE PERIODICALLY ISSUES MARKET TREND REPORTS ON VARIOUS ASPECTS OF SILVER DEMAND. THESE ARE BRIEF REPORTS ON DIFFERENT TOPICS RELATED TO THE SILVER MARKET AND AUTHORED BY EXPERTS IN THEIR RESPECTIVE FIELDS. ADDITIONALLY, THE INSTITUTE'S EXECUTIVE DIRECTOR OFTEN ATTENDS AND SPEAKS AT GLOBAL PRECIOUS METALS CONFERENCES AND APPEARS IN THE MEDIA DISCUSSING THE MAIN COMPONENTS OF THE SILVER MARKET. 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 X 30 29 0 1 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 X MICHAEL DIRIENZO 2028350185 1400 I STREET NW SUITE 550 WASHINGTON DC 20005 X MICHAEL DIRIENZO PRESIDENT/CEO 30.00 X X 0 0 0 OCTAVIO ALVIDREZ ORTEGA DIRECTOR(THRU MAY); CHAIR 0.25 X X 0 0 0 PHILLIPS BAKER JR CHAIR(THRU MAY);DIRECTOR 0.25 X X 0 0 0 CARLOS QUIROGA TREASURER 0.25 X X 0 0 0 DALE ANDRES DIRECTOR 0.25 X 0 0 0 SAM ASH DIRECTOR 0.25 X 0 0 0 PHILLIPS BAKER DIRECTOR 0.25 X 0 0 0 DIEGO BELIDO DIRECTOR 0.25 X 0 0 0 IGNACIO BUSTAMANTE DIRECTOR 0.25 X 0 0 0 PATRICK DROUIN DIRECTOR 0.25 X 0 0 0 CHRIS FERGUS DIRECTOR 0.25 X 0 0 0 GREGOR GREGERSON DIRECTOR 0.25 X 0 0 0 TERRY HANLON DIRECTOR 0.25 X 0 0 0 PAUL HEALEY DIRECTOR 0.25 X 0 0 0 PAUL KAULESAR DIRECTOR (THRU JAN) 0.25 X 0 0 0 MICHAEL KONNERT DIRECTOR 0.25 X 0 0 0 HITOSHI KOSAI DIRECTOR 0.25 X 0 0 0 ROB KRCMAROV DIRECTOR 0.25 X 0 0 0 MITCHELL KREBS DIRECTOR 0.25 X 0 0 0 EDUARDO LANDIN DIRECTOR (THRU JAN) 0.25 X 0 0 0 DAVID MADGE DIRECTOR 0.25 X 0 0 0 JEFFREY MELODY DIRECTOR 0.25 X 0 0 0 MICHAEL MESARIC DIRECTOR 0.25 X 0 0 0 ALBERTO MORALES DIRECTOR 0.25 X 0 0 0 GEORGE PASPALAS DIRECTOR 0.25 X 0 0 0 TOM POWER DIRECTOR 0.25 X 0 0 0 RAFAEL REBOLLAR DIRECTOR 0.25 X 0 0 0 ALEX REPLOA DIRECTOR 0.25 X 0 0 0 LON SHAVER DIRECTOR 0.25 X 0 0 0 JANIE SIMPSON DIRECTOR 0.25 X 0 0 0 MICHAEL STEINMANN DIRECTOR 0.25 X 0 0 0 BEN VAN KERKWIJK DIRECTOR (THRU MAY) 0.25 X 0 0 0 DAVID WOLFIN DIRECTOR 0.25 X 0 0 0 0 0 0 0 0 0 0 KSG LLC 1400 I STREET NW WASHINGTON DC 20005 MANAGEMENT SERVICES 534000 METALS FOCUS 6TH FL 74-76 ST JOHN ST LONDON UK EC1M 4DT RESEARCH/SURVEY 309666 2 248700 248700 MEMBERSHIP DUES 900099 1455655 1455655 WORLD SILVER SURV. REV 900099 348 348 1456003 6611 6611 1711314 1456003 0 6611 X 14702 15450 396216 260231 5152 28442 25576 81280 MEDIA/GENERAL PUB.REL. 528989 PUBLICATIONS 76504 SUBSCRIPTIONS & DUES 2180 1434722 134337 52637 381024 739316 515361 791953 0 0 X 515361 791953 515361 791953 515361 791953 276592 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 X 1711314 0 1711314 0 1711314 1434722 0 1434722 0 1434722 PART X, LINE 2: THE INSTITUTE FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS THE INSTITUTE'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. THE INSTITUTE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2024 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE INSTITUTE FILES TAX RETURNS. SOUTH ASIA 0 0 PROGRAM SERVICES SUPPORTED INDIA SILVER CONFERENCE AND MARKET DEVELOPMENT 26806 SOUTH AMERICA 0 0 PROGRAM SERVICES SUPPORTED PATRONATO PLATA DEL PERU ON JEWELRY PROMOTION 23000 NORTH AMERICA 0 0 PROGRAM SERVICES SUPPORTED MEMBER COMPANY PENOLES ON JEWELRY PROMOTION 20000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SUPPORTED CHINA INTERNATIONAL SILVER CONFERENCE AND MARKET DEVELOPMENT 12000 0 0 0 0 0 0 81806 0 81806 0 0 0 0 0 0 PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PART I OF SCHEDULE F ARE REPORTED USING THE CASH BASIS OF ACCOUNTING, WHICH IS THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 KSG, LLC PROVIDES ASSOCIATION MANAGEMENT SERVICES IN CONNECTION WITH THE IMPLEMENTATION AND ADMINISTRATION OF THE SILVER INSTITUTE. FORM 990, PART VI, SECTION A, LINE 6 THE SILVER INSTITUTE DRAWS ITS MEMBERSHIP FROM ACROSS THE BREADTH OF THE SILVER INDUSTRY. THIS INCLUDES LEADING SILVER MINING HOUSES, REFINERS, BULLION SUPPLIERS, MANUFACTURERS OF SILVER PRODUCTS AND WHOLESALERS OF SILVER INVESTMENT PRODUCTS. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONE CLASS OF MEMBERSHIP. EACH MEMBER IN GOOD STANDING IS ENTITLED TO ONE VOTE ON ANY AND ALL MATTERS WHICH SHALL PROPERLY COME BEFORE A MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM AND A DRAFT OF THE FORM IS REVIEWED BY MANAGEMENT. THE DRAFT IS THEN DISTRIBUTED BY E-MAIL TO THE SILVER INSTITUTE'S FULL BOARD OF DIRECTORS FOR THEIR REVIEW AND THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15 THE SILVER INSTITUTE DOES NOT HAVE ANY EMPLOYEES. THE INSTITUTE IS MANAGED UNDER CONTRACT BY KSG, LLC. THE SILVER INSTITUTE PRESIDENT & CEO IS AN OFFICER AND IS PAID BY KSG, LLC. THE MANAGEMENT FEE IS DETERMINED ANNUALLY BY THE INSTITUTE'S EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION STRUCTURE OF THE SILVER INSTITUTE IS DESCRIBED ON ITS WEB SITE. FINANCIAL STATEMENTS AND DETAILED GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. THE FORM 990 IS AVAILABLE UPON REQUEST AND IS AVAILABLE FROM THE GUIDESTAR WEB SITE. FORM 990, PART IX, LINE 11G WORLD SILVER SURVEY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 339,666. TOTAL EXPENSES 339,666. PROGRESS/ANNUAL REPORTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 26,740. TOTAL EXPENSES 26,740. MEMBERSHIP RECRUITMENT/SERVICING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 22,910. TOTAL EXPENSES 22,910. CARBON FOOTPRINT STUDY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,900. TOTAL EXPENSES 6,900. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE TREASURER REVIEWED THE AUDITED REPORT AND APPROVED IT.