D M I A INC FY2022 filing

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To promote high ethical standards and integrity within the american diamond industry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $20K a year · 37% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
54 mo
of spending, in cash
Looks good: 54.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
-13% vs prior year
Spent
$75K
To programs
100%
Net assets
$328K
By yearFY2020–FY2024
Revenue
$50K
FY2022▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$57K
FY2021$58K
FY2022$50K
FY2023$50K
FY2024$55K
Expenses
$75K
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$63K
FY2021$70K
FY2022$75K
FY2023$80K
FY2024$83K
Net assets
$328K
FY2022▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$365K
FY2021$353K
FY2022$328K
FY2023$299K
FY2024$271K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $75K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See D M I A INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No

Programs and updates

Upholds ethical standards and integrity in the American diamond industry.

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Provided by the organization

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2 programs · $75K · in their own filed words · FY2022
01

Meetings and representation of members to provide leadership role on all significant issues affecting american and world diamond industries.

$75Kprogram expense
02

Development of a new generation of diamond manufacturing professionals in the united states.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$40K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$50K
Ln 12
Gifts and grantsLn 1h$47K
Investment incomeLn 3$3K
Money outPt IX
$75K
Ln 25
Programscol B$75K
Owns and owesPt X
$328K
net assets · Ln 32
Cash and savingsLn 1–2$335K
Total assetsLn 16$340K
LiabilitiesLn 26$12K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Investment incomeLn 3$3K
Gains on assetsLn 7$0
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$331K
Cash and savings togetherLn 1–2$335K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$340K
LiabilitiesLn 26$12K
Net assetsLn 32$328K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$360K$335K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$365K$340K
LiabilitiesLn 26$12K$12K
Net assetsLn 32$353K$328K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$386$386
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$18K$18K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$75K$75K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $55K$83K−$28K$271K 990 PDF
FY2023 $50K$80K−$30K$299K 990 PDF
FY2022 Viewing $50K$75K−$24K$328K 990 PDF
FY2021 $58K$70K−$12K$353K 990 PDF
FY2020 $57K$63K−$6K$365K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $50,268 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,361$47,300
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,742$2,968
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $58,103$50,268
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $70,229$74,510
I-18 Total expensesPrior year $70,229$74,510
I-19 Revenue less expensesPrior year −$12,126−$24,242
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $50,268 across 9 lines filed
VIII-1b Membership dues$46,300
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$47,300
VIII-3 Investment incomeExcluded from tax $2,968$2,968
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueUnrelated business $0 · Excluded from tax $2,968$50,268
Part IX · Statement of functional expenses $74,510 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $12,000$12,000
IX-11c Accounting feesPrograms $2,500$2,500
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $386$386
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $17,500$17,500
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $6,918$6,918
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $4,190$4,190
IX-24 Other expenses (24a–d)Programs $22,978$22,978
IX-24e All other expensesPrograms $8,038$8,038
IX-25 Total functional expensesPrograms $74,510$74,510
Part X · Balance sheet $340,495 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $3,049$4,781
X-2 Savings and temporary cash investmentsStart of year $357,248$330,717
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $750$750
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $4,190$4,247
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $365,237$340,495
X-17 Accounts payable and accrued expensesStart of year $12,500$5,500
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$6,500
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $12,500$12,000
X-27 Net assets without donor restrictionsStart of year $352,737$328,495
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $352,737$328,495
X-33 Total liabilities and net assetsStart of year $365,237$340,495
Part XI · Reconciliation of net assets $328,495 net assets at year end
XI-1 Total revenue$50,268
XI-2 Total expenses$74,510
XI-3 Revenue less expenses−$24,242
XI-4 Net assets at start of year$352,737
XI-10 Net assets at end of year$328,495

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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