Diamond Cutter Classics EIN 86-1222674 Form 990 (PDF) Claim this org

Diamond Cutter Classics FY2023 filing

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Translates and shares ancient wisdom for today's world. For fiscal year 2023 it reported $274K in revenue, $364K in expenses, and $131K in net assets.Pt I

Type
Religious organization · Religion
Location
Sedona, AZ
Website
diamondcutterclassics.com
Filings
4 on file (2021–2023)
Revenue
$274KFY2023
Expenses
$364K
Net assets
$131K
People
3
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-1222674 Religious organization Sedona, AZ
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Translates and shares ancient wisdom for today's world.
Leadership
Benjamin Kramer · Treasurer · $60K
Money in and out
$274K revenue, $364K expenses
Bottom line
89% program efficiency
Where the money goes · FY2023
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$364K
Pt IX · Ln 25
Net assets
$131K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$90K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Program efficiency
89%
of spending reaches programs
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-33%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$274K
FY2023▼ -17%
Expenses
$364K
FY2023▲ +36%
Total assets
$132K
FY2023▼ -42%
Total liabilities
$1K
FY2023▼ -76%
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$364K
Pt IX · Ln 25
Net assets
$131K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$90K
Total assetsPt X · Ln 16$132K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDiamond Cutter Classics
EINHdr · item D86-1222674
Principal addressHdr · item CSedona, AZ
WebsiteHdr · item Jdiamondcutterclassics.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X50)
Ruling yearIRS BMFSep 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$60,289Pt VII · Sec A
$36,789Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Benjamin Kramer’s $75K as Treasurer is at the 31st percentile of top reported officer pay among 1637 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Benjamin Kramer$75,443$60,289$51,154$32,692
Nicholas Lashaw$67,768$36,789$30,684$19,615
Michael Roach$62,233$10,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $325K of program spending, described in the organization's own filed words · FY2023.
01

1) preserve existing sources of ancient wisdom 2) translate ancient wisdom into modern languages 3) share the ideas contained within these sources

$325Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$223K · 82%
Program service revenue$45K · 17%
Other revenue$5K · 2%
Contributions & grants82%$223K
Program service revenue17%$45K
Other revenue2%$5K
Total revenueLn 12$274K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.09 Fundraising $0.02
Program services89%$325K
Management & general9%$31K
Fundraising2%$7K
Total functional expensesLn 25$364K

Balance Sheet

Part X · end of year
CashLn 1$114K
Total assetsLn 16$132K
Total liabilitiesLn 26$1K
Total net assetsLn 32$131K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $114K · Operating expenses/yr $364K
3.8 months
Where the money goes
Program services
Program services $325K · Total expenses $364K
89%
Management & General
Management & general $31K · Total expenses $364K
9%
Fundraising
Fundraising $7K · Total expenses $364K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $254K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $223K · Total revenue $274K
82%
Government reliance
Government grants — · Total revenue $274K
Earned-income share
Program service revenue $45K · Total revenue $274K
17%
Investment reliance
Investment income $0 · Total revenue $274K
0%
Program self-sufficiency
Program service revenue $45K · Total expenses $364K
13%
Growth & trend
Revenue growth (YoY)
This year $274K · Prior year $330K
-17%
Net-asset trend (YoY)
End of year $131K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $274K · Expenses $364K
-33%
Liabilities-to-Assets
Total liabilities — · Total assets $132K
Net-asset ratio
Net assets $131K · Total assets $132K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $132K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Benjamin Kramer · Reported title TREASURER · Highest reported compensation $60K · Total expenses $364K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $260K · Total expenses $364K
72%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 9%
Fundraising cost ratio 3%
Revenue growth -17%
Accounting fee ratio 1.0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$24K
Grants paid · 1 grant · $8K · 2024–2024
Asian Legacy Library US INCAZ · FY2024$7,936

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$274K revenue · viewing · ⤓ 990 PDF
FY2022$330K revenue · ⤓ 990 PDF
FY2021$303K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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