Overview
What is National Jewelry Institute Inc?
National Jewelry Institute Inc, established in 2002, is a New York-based nonprofit organization, operating under the state's laws and exempt from federal income tax. Its primary objective is to preserve, research, and exhibit fine jewelry from various global origins. The institute engages in various charitable activities, seeking to promote and exchange knowledge about art collection by museums and private individuals. They have sponsored jewelry exhibitions in notable cities worldwide, showcasing these cultural masterpieces. The institute's activities include organizing events like the Ypo gala, aiming to further its charitable mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 31%
The National Jewelry Institute Inc has received a Zero-Star out of Four Star rating from Charity Navigator, primarily due to its Accountability & Finance score of 31%. This score suggests significant areas of concern in financial transparency and governance. While the organization boasts an independent board with 100% independent members, it lacks critical financial statements, which raises questions about its fiscal responsibility.
Strengths noted in the assessment include a complete independent board and the absence of material diversion of assets. However, the absence of financial documentation and policies such as a whistleblower and document retention policy severely undermine the organization's accountability. Only a small percentage of its financial dealings are documented, which may hinder potential donor trust.
Additionally, the program expense ratio is relatively low at 44.99%, indicating that a significant portion of resources may not be directed towards programmatic activities. Without clear financial reporting and oversight mechanisms in place, the National Jewelry Institute Inc faces challenges in demonstrating its effectiveness and accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is National Jewelry Institute Inc legitimate?
National Jewelry Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Jewelry Institute Inc 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.
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What is the mission statement of National Jewelry Institute Inc?
The National Jewelry Institute Inc., established in 2002, operates under the guidelines of a non-profit organization. Its primary mission, as exempted under Section 501(c)(3) of the Internal Revenue Code, is to engage in various charitable activities. The institute primarily focuses on promoting and exchanging knowledge and understanding of art, specifically jewelry, among museums and private collectors worldwide. Additionally, the National Jewelry Institute Inc. organizes and sponsors exhibitions showcasing fine jewelry from around the globe, viewing jewelry not just as an accessory or luxury item, but as a remarkable expression of a culture's heritage.
Who is the CEO of National Jewelry Institute Inc?
Judith Price is the Director of National Jewelry Institute Inc.
What is the revenue of National Jewelry Institute Inc?
National Jewelry Institute Inc's revenue in 2022 was $661,626.
Who are the executives of National Jewelry Institute Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for National Jewelry Institute Inc?
National Jewelry Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Jewelry Institute Inc
The National Jewelry Institute, Inc. (NJI) was established in 2002 as a non-profit organization with a mission to preserve, research, and exhibit fine jewelry from various cultures worldwide. This non-profit organization, exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, engages in various charitable activities related to art.
NJI recognizes the significance of jewelry beyond its role as an accessory or symbol of high society. In their view, jewelry can be a profound expression of an entire culture, much like other forms of art. Over the years, NJI has organized and promoted jewelry exhibitions in several cities, including New York, London, Paris, San Francisco, Chicago, and Pittsburgh. These exhibitions showcase masterpieces of art, providing a platform for the appreciation and understanding of different cultures through their jewelry. By doing so, NJI contributes to the preservation and celebration of cultural heritage.
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Impact
July, 2024
The National Jewelry Institute Inc's impact lies in its mission to preserve, research, and exhibit fine jewelry from around the world. By organizing and promoting jewelry exhibitions in various cities worldwide, the institute enhances the understanding and appreciation of jewelry as an art form that reflects culture. Through its charitable activities, the National Jewelry Institute contributes to the cultural enrichment of communities and individuals interested in the artistic and historical significance of jewelry.
This information is meant to be a general summary of National Jewelry Institute Inc. 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.
- Gross Receipts: $661,626
Assets and Liabilities:
- Total Assets: $43,392
- Total Liabilities: $433,987
- Net Assets: -$390,595
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Organization Details
Founding Year
2002
Phone
(914) 693-5515Principal Officer
Judith Price
Main Address
150 EAST 58TH STREET, NEW YORK, NY, 10155
NTEE Category
Code: A50 - Arts
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