Overview
What is Diamond Council Of America?
The Diamond Council of America (DCA), situated in New York, New York, is a nonprofit organization with a primary focus on educating its members, employees, suppliers, and the general public about diamonds and fine jewelry. For over six decades, DCA has offered educational courses on diamontology and gemology, explaining complex concepts such as beauty, emotion, quality, symbolism, and value related to the 4Cs. The organization's mission is to provide quality, affordable distance education, enabling its members to sell fine jewelry with expertise, integrity, and professionalism. With a small team of two dedicated individuals, DCA aims to foster passion for the jewelry industry and enhance the skills of its members.
Official website here: www.dcalearning.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star rating)
The Diamond Council Of America has received a low rating of 56%, indicating concerns about its accountability and financial practices. While the organization shows strengths in governance, with a fully independent board and proper oversight measures in place, other areas such as program expense ratio and the liabilities to assets ratio significantly detract from its overall score.
A notable strength of the organization is its commitment to transparency, as evidenced by the presence of essential policies like conflict of interest and whistleblower policies. Additionally, there is a full independent board, which is crucial for maintaining objectivity in decision-making. However, the charity has fallen short in providing accessible financial information, particularly by not posting its tax form on its website.
The program expense ratio of 43.57% suggests that less than half of its expenses are directed towards its charitable programs, which raises questions about the efficiency of resource allocation. Combined with a liabilities to assets ratio of 25.62%, these factors highlight financial challenges that the organization may need to address to improve its standing and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Diamond Council Of America legitimate?
Diamond Council Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Diamond Council Of America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $115,296
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,701
For more financial information, click here
Official website here: www.dcalearning.org
What is the mission statement of Diamond Council Of America?
The mission of the Diamond Council of America (DCA) is centered around providing high-quality, affordable distance education to its members, their employees, suppliers, and the general public. This education aims to enhance their ability to sell fine jewelry with expertise, integrity, and professionalism. The DCA's educational courses, spanning over six decades, focus on teaching students about diamonds and gemology, explaining complex factors like beauty, emotion, quality, symbolism, and value in a personal and understandable manner. This knowledge equips individuals to advance in their careers within the jewelry industry.
Official website here: www.dcalearning.org
Who is the CEO of Diamond Council Of America?
Terry W Chandler is the Chairman of Diamond Council Of America.
Official website here: www.dcalearning.org
What is the revenue of Diamond Council Of America?
Diamond Council Of America's revenue in 2022 was $521,163.
Official website here: www.dcalearning.org
Who are the executives of Diamond Council Of America and what are their salaries?
The average compensation at Diamond Council Of America during 2022 was $74,498. There are 2 employees and 9 volunteers at Diamond Council Of America.
Here are 10 key members and their salaries:
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- Other: $120,321
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- Compensation: $105,742
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- Other: $9,554
Official website here: www.dcalearning.org
Where can I find the form 990 for Diamond Council Of America?
Diamond Council Of America's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dcalearning.org
Learn more at the official website: www.dcalearning.org
Mission Statement of Diamond Council Of America
The Diamond Council of America (DCA) is committed to its mission of educating its members, their employees, suppliers, and the general public about diamonds and fine jewelry. This nonprofit organization aims to provide high-quality, affordable distance education, enhancing the ability of its members' associates to sell fine jewelry with expertise, integrity, and professionalism. The DCA's educational courses, which have been in existence for over six decades, are designed to convey the intricate meaning of objective factors such as the 4Cs (cut, color, clarity, and carat weight) in terms that resonate with individuals on a personal level, including beauty, emotion, quality, symbolism, and value. By doing so, these courses enable students to reach higher levels in their careers, fostering a deep understanding and passion for the jewelry industry.
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Impact
July, 2024
Diamond Council of America's impact lies in its mission to provide quality, affordable distance education to enhance the ability of its members' associates to sell fine jewelry with expertise, integrity, and professionalism. Through its educational courses on diamond and gemology, DCA equips individuals with the knowledge and skills necessary to excel in the jewelry industry. By educating its members, their employees, suppliers, and the general public about diamonds and fine jewelry, DCA contributes to the continuous improvement of the community by fostering a culture of expertise, authenticity, and passion within the industry.
This information is meant to be a general summary of Diamond Council Of America. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,278
- Program Service Revenue: $126,465
- Gross Receipts: $615,803
Assets and Liabilities:
- Total Assets: $456,213
- Total Liabilities: $116,884
- Net Assets: $339,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$126,465
Organization Details
Founding Year
1948
Phone
(646) 658-5814Principal Officer
Terry W Chandler
Main Address
120 BROADWAY 2028, NEW YORK, NY, 10271
Website
www.dcalearning.orgNTEE Category
Code: S410 - Community improvement
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