Overview
What is American Gem Society?
The American Gem Society (AGS) is a nonprofit organization based in Las Vegas, Nevada, with a mission centered around consumer protection. AGS Laboratories, an arm of the organization, was established to uphold the AGS mission and functions as a nonprofit diamond grading laboratory. Adhering to the AGS Diamond Grading Standards, AGS Laboratories strives to provide accurate and consistent diamond grading reports based on scientific principles. The organization's dedication extends beyond just the technical aspect, as it is committed to ethical business standards and the development of the highest gemological skill, knowledge, and grading standards for its members and customers. With a team of 63 employees, AGS embodies a strong commitment to protecting consumers and fostering excellence in the gemological industry.
Official website here: www.ags.org
Is American Gem Society legitimate?
American Gem Society is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Gem Society 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: $815,523
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,008,608
For more financial information, click here
Official website here: www.ags.org
What is the mission statement of American Gem Society?
The American Gem Society is committed to upholding consumer protection and ethical business standards within its membership. Its mission extends to the advancement of the highest gemological skills, knowledge, and grading standards for both its members and customers. To achieve this goal, the American Gem Society Laboratories, a nonprofit diamond grading laboratory, was established. Adhering to the American Gem Society's diamond grading standards, the laboratory is dedicated to providing accurate and consistent diamond grading reports based on scientific evaluation. By focusing on these key aspects, the American Gem Society aims to build trust and confidence in the diamond buying process for its customers.
Official website here: www.ags.org
Who is the CEO of American Gem Society?
Katherine Bodoh is the Ceo of American Gem Society. The CEO's salary of American Gem Society is $203,611 and their total compensation is $232,612.
Official website here: www.ags.org
What is the revenue of American Gem Society?
American Gem Society's revenue in 2022 was $12,566,716.
Official website here: www.ags.org
Who are the executives of American Gem Society and what are their salaries?
The average compensation at American Gem Society during 2022 was $44,827. There are 63 employees and 22 volunteers at American Gem Society.
Here are 26 key members and their salaries (American Gem Society's CEO's salary is $203,611 and their total compensation is $232,612):
- Compensation: $203,611
- Related: $0
- Other: $29,001
- Compensation: $166,014
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- Other: $31,917
- Compensation: $158,681
- Related: $0
- Other: $15,922
- Compensation: $100,504
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- Other: $16,541
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Official website here: www.ags.org
Where can I find the form 990 for American Gem Society?
American Gem Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ags.org
Learn more at the official website: www.ags.org
Mission Statement of American Gem Society
The American Gem Society (AGS), a dedicated nonprofit organization, is committed to protecting consumers, upholding ethical business standards, and fostering the advancement of the highest gemological skills and knowledge within its membership and customer base. The organization's mission is geared towards ensuring transparency and accuracy in the diamond industry.
AGS Laboratories, a nonprofit diamond grading laboratory founded by the American Gem Society, shares this mission. Adhering to AGS diamond grading standards, AGS Laboratories offers consistent and accurate diamond grading reports based on scientific principles. By providing reports that follow these rigorous standards, AGS Laboratories aims to offer trust and reliability to consumers seeking to make informed purchases in the diamond market.
In essence, the American Gem Society is an advocate for both ethical practices and consumer education within the gemological community. By upholding its mission, the organization empowers its members and customers with the knowledge and resources they need to make confident decisions when purchasing gems, particularly diamonds.
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Impact
October, 2024
The American Gem Society (AGS) has a significant impact on the jewelry industry by prioritizing consumer protection and promoting ethical business standards. Through its commitment to developing the highest levels of gemological skill and knowledge, AGS enhances the integrity and trustworthiness of its members, ensuring that customers receive quality service and authentic products.
AGS Laboratories plays a crucial role in this mission by providing reliable diamond grading reports. These reports adhere to AGS's rigorous grading standards, which are rooted in scientific principles, offering consistency and accuracy in the assessment of diamonds. This transparency fosters confidence among consumers, making them more informed when making purchasing decisions.
By advocating for ethical practices and continuously elevating gemological standards, the American Gem Society contributes to a more trustworthy marketplace, enhancing the overall reputation of the jewelry industry while also empowering consumers with the knowledge they need to protect their interests.
This information is meant to be a general summary of American Gem Society. 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: $5,086,781
- Program Service Revenue: $5,513,008
- Gross Receipts: $13,596,130
Assets and Liabilities:
- Total Assets: $20,102,646
- Total Liabilities: $1,397,514
- Net Assets: $18,705,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LABORATORY FEES
Revenue
$3,564,990
MEMBERSHIP DUES
Revenue
$1,394,435
MEMBER EVENT REG.
Revenue
$438,526
COURSE AND EXAM FEES
Revenue
$115,057
Organization Details
Founding Year
1934
Phone
(702) 255-6500Principal Officer
Katherine Bodoh
Main Address
8881 W SAHARA AVENUE, LAS VEGAS, NV, 89117
Website
www.ags.orgNTEE Category
Code: S41 - Community improvement
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