Indian Diamond & Colorstone Assoc Inc
- Assets
- $431.8k
- Revenue
- $428.6k
- Investments
- $296.6k
- Employees
- 1
- Location
- New York, NY
- Founding
- 07/1985
- Data as of
- 12/2022
- EIN
- 13-3211019
Organization Overview
Indian Diamond & Colorstone Assoc Inc is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Diamond & Colorstone Assoc 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, Indian Diamond & Colorstone Assoc Inc generated $428.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $436.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. 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
MAKE MEMBERS AWARE OF CURRENT TRENDS, DEVELOPMENTS AND ISSUES FACING THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOWS EXHIBITIONS
MEMBER DIRECTORY PRINTING
CONSULATE EVENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Navneet Chordia Director | Trustee | 0 | $0 |
Haridas Kotahwala Director | Trustee | 0 | $0 |
Nimish Mehta Director | Trustee | 0 | $0 |
Aniket Parikh Director | Trustee | 0 | $0 |
Kailash Rawat Director | Trustee | 0 | $0 |
Akshat Sanghavi Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $427,680 |
| Investment income | $968 |
| 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 | $428,648 |
| 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 | $45,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| 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 | $6,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,345 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85 |
| Insurance | $6,103 |
| All other expenses | $9,372 |
| Total functional expenses | $436,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $133,365 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,668 |
| Net Land, buildings, and equipment | $177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $296,616 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $431,826 |
| Accounts payable and accrued expenses | $4,867 |
| Grants payable | $0 |
| Deferred revenue | $48,700 |
| 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 | $0 |
| Total liabilities | $53,567 |
| Net assets without donor restrictions | $378,259 |
| 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 | $431,826 |
Grants Awarded
Over the last fiscal year, Indian Diamond & Colorstone Assoc Inc has awarded $21,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JEWELERS FOR CHILDREN PURPOSE: TO HELP THE CHILDREN | $6,000 |
IDCA FOUNDATION USA INC PURPOSE: CHARITY | $15,000 |