Diamond Dealers Club Inc
- Assets
- $6.1m
- Revenue
- $603.6k
- Investments
- $0.0
- Employees
- 8
- Location
- New York, NY
- Founding
- 12/1941
- Data as of
- 12/2022
- EIN
- 13-0632945
Organization Overview
Diamond Dealers Club Inc is located in New York, NY. The organization was established in 1941. 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 12/2022, Diamond Dealers Club Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diamond Dealers Club 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 12/2022, Diamond Dealers Club Inc generated $603.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $367.7k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DIAMOND INDUSTRY TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC RELATIONS
TRADE SHOWS
TRAVEL & CONFERENCES RELATED TO WORLD FEDERATION DIAMONDS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sushil Goyal Secretary | OfficerTrustee | 0 | $0 |
Robert Moskovitz Vice President | OfficerTrustee | 0 | $0 |
Michael Steinmetz Director | Trustee | 0 | $0 |
Elliot Krischer President | OfficerTrustee | 0 | $0 |
Haim Aharonoff Director | Trustee | 0 | $0 |
Eli Edalati Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $356,751 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $246,809 |
| 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 | $603,560 |
| Total Program Service Revenue | $0 |
| 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 | $603,560 |
| 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 | $128,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,809 |
| Payroll taxes | $10,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,566 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,885 |
| Travel | $12,076 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,833 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,180 |
| Insurance | $0 |
| All other expenses | $5,074 |
| Total functional expenses | $367,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,236 |
| Savings and temporary cash investments | $4,525 |
| 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 | $4,287,582 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,834 |
| Net Land, buildings, and equipment | $1,546,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,052,914 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $156,900 |
| 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 | $86,021 |
| Total liabilities | $242,921 |
| Net assets without donor restrictions | $5,809,993 |
| 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 | $6,052,914 |