Diamond Club West Coast Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 953687705 ✦ Los angeles, CA ✦ Designated as a 501(c)(6)

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Overview

What is Diamond Club West Coast Inc?

Diamond Club West Coast Inc is a nonprofit organization situated in Los Angeles, California, specifically at 550 S Hill St STE 1600, CA 90013. Their primary mission is to foster the diamond industry, discourage misconduct, and establish harmonious relationships among members and numerous guests. One of their key initiatives includes arbitration programs, which aim to settle trade disputes among members without resorting to external legal processes. This organization strives to maintain a fair and peaceful environment within the diamond industry.


Official website here: www.diamondclubwc.com

Is Diamond Club West Coast Inc legitimate?

Diamond Club West Coast Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Diamond Club West Coast 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,763

For more financial information, click here


Official website here: www.diamondclubwc.com

What is the mission statement of Diamond Club West Coast Inc?

Diamond Club West Coast Inc's mission is centered around promoting the diamond industry, preventing abuse and unfair practices, and fostering fraternal relationships among its members and numerous guests. One of their key initiatives involves arbitration programs, designed to resolve trade disputes among members without resorting to external legal processes. This organization aims to maintain a fair and harmonious environment within the diamond industry.


Official website here: www.diamondclubwc.com

Who is the CEO of Diamond Club West Coast Inc?

Kalpesh Jhaveri is the President of Diamond Club West Coast Inc.


Official website here: www.diamondclubwc.com

What is the revenue of Diamond Club West Coast Inc?

Diamond Club West Coast Inc's revenue in 2023 was $241,133.


Official website here: www.diamondclubwc.com

Who are the executives of Diamond Club West Coast Inc and what are their salaries?


Here are 5 key members and their salaries:


Kalpesh Jhaveri (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Antranig Ayvazian (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Gamliel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Wiener (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mervyn Hahn (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.diamondclubwc.com

Where can I find the form 990 for Diamond Club West Coast Inc?

Diamond Club West Coast Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.diamondclubwc.com

Learn more at the official website: www.diamondclubwc.com

Mission Statement of Diamond Club West Coast Inc

Diamond Club West Coast Inc, a prominent organization in the diamond industry, is committed to several key objectives. Primarily, its mission is to advocate for the diamond industry, work towards preventing abuse and unfair practices, and foster fraternal relationships among its members and numerous guests. To achieve this, the club has established arbitration programs designed to settle trade disputes among its members without resorting to outside legal processes. By doing so, Diamond Club West Coast Inc aims to maintain a fair and harmonious environment within the diamond industry, ensuring the success and growth of its members.

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Impact




October, 2024

Diamond Club West Coast Inc significantly impacts the diamond industry by fostering a culture of integrity and collaboration among its members. By promoting fair practices, the organization helps prevent abuse and unethical behavior within the industry, creating a more trustworthy environment for all participants.

Through its arbitration programs, the club provides a streamlined approach to resolving trade disputes, allowing members to address conflicts without the need for outside legal intervention. This not only saves time and resources but also strengthens fraternal relationships among members, promoting a sense of community within the industry.

Located in Los Angeles, CA, Diamond Club West Coast Inc plays a crucial role in supporting the diamond industry’s growth and stability while enhancing the connections between its members and numerous guests. The emphasis on community improvement reflects the club's commitment to elevating standards and safeguarding the interests of those involved in the diamond trade.




This information is meant to be a general summary of Diamond Club West Coast 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.

Revenue
$241,133 (2023)
Expenses
$268,772 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $5,200
  • Gross Receipts: $241,133

Assets and Liabilities:

  • Total Assets: $648,685
  • Total Liabilities: $46,631
  • Net Assets: $602,054

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Organization Details

Founding Year

1980

Principal Officer

Kalpesh Jhaveri

Main Address

550 S HILL ST STE 1600, LOS ANGELES, CA, 90013

NTEE Category

Code: S41 - Community improvement

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