Civic Intelligence

Indian Diamond & Colorstone Assoc Inc

990 • Fiscal year 2016 • EIN 13-3211019

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

56 West 45th Street Fifth FloorNew York, NY 10036

(212) 921-4488

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.07x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.04x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

32nd percentile

-3.8%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

26th percentile

-10%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$305,419

Down $33,938 (-10%) from 2015

Net Assets

Down

$284,625

Down $18,682 (-6.2%) from 2015

Liabilities

Down

$20,794

Down $15,256 (-42%) from 2015

Revenue

Up

$488,001

Up $51,209 (+12%) from 2015

Expenses

Up

$506,683

Up $58,796 (+13%) from 2015

Net Income

Down

-$18,682

Down $7,587 (-68%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2010: $310,320Liabilities 2010: $46,234Net Assets 2010: $264,0862010Assets 2011: $309,416Liabilities 2011: $38,425Net Assets 2011: $270,9912011Assets 2012: $361,664Liabilities 2012: $39,193Net Assets 2012: $322,4712012Assets 2013: $384,601Liabilities 2013: $35,720Net Assets 2013: $348,8812013Assets 2014: $338,236Liabilities 2014: $23,833Net Assets 2014: $314,4032014Assets 2015: $339,357Liabilities 2015: $36,050Net Assets 2015: $303,3072015Assets 2016: $305,419Liabilities 2016: $20,794Net Assets 2016: $284,6252016Assets 2017: $350,901Liabilities 2017: $27,244Net Assets 2017: $323,6572017Assets 2018: $374,092Liabilities 2018: $31,594Net Assets 2018: $342,4982018Assets 2019: $395,975Liabilities 2019: $40,144Net Assets 2019: $355,8312019Assets 2020: $392,676Liabilities 2020: $21,294Net Assets 2020: $371,3822020Assets 2021: $418,957Liabilities 2021: $33,028Net Assets 2021: $385,9292021Assets 2022: $431,826Liabilities 2022: $53,567Net Assets 2022: $378,2592022Assets 2023: $465,240Liabilities 2023: $64,120Net Assets 2023: $401,1202023Assets 2024: $409,545Liabilities 2024: $22,561Net Assets 2024: $386,9842024

Highlighted filing

2016

Assets$305,419
Liabilities$20,794
Net Assets$284,625

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $274,3202010Expenses 2011: $401,1052011Expenses 2012: $360,5062012Revenue 2013: $437,981Expenses 2013: $411,571Net Income 2013: $26,4102013Revenue 2014: $387,363Expenses 2014: $421,841Net Income 2014: -$34,4782014Revenue 2015: $436,792Expenses 2015: $447,887Net Income 2015: -$11,0952015Revenue 2016: $488,001Expenses 2016: $506,683Net Income 2016: -$18,6822016Revenue 2017: $387,325Expenses 2017: $348,293Net Income 2017: $39,0322017Revenue 2018: $213,197Expenses 2018: $194,356Net Income 2018: $18,8412018Revenue 2019: $186,018Expenses 2019: $172,685Net Income 2019: $13,3332019Revenue 2020: $147,229Expenses 2020: $131,678Net Income 2020: $15,5512020Revenue 2021: $198,332Expenses 2021: $183,785Net Income 2021: $14,5472021Revenue 2022: $428,648Expenses 2022: $436,536Net Income 2022: -$7,8882022Revenue 2023: $668,029Expenses 2023: $646,253Net Income 2023: $21,7762023Revenue 2024: $339,125Expenses 2024: $353,263Net Income 2024: -$14,1382024

Highlighted filing

2016

Revenue$488,001
Expenses$506,683
Net Income-$18,682
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$488,001
Mission and Program Overview

Mission

Make members aware of current trends, developments and issues facing the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$328,987$292,216▼ $36,771
Land, Buildings, and Equipment, Net$188$5,621▲ $5,433
Prepaid Expenses and Deferred Charges$1,773$1,982▲ $209
Total Assets$339,357$305,419▼ $33,938
Other Assets Total$8,409$5,600▼ $2,809
Liabilities
Deferred Revenue$31,900$15,950▼ $15,950
Accounts Payable and Accrued Expenses$4,150$4,844▲ $694
Total Liabilities$36,050$20,794▼ $15,256
Net Assets / Fund Balance
Unrestricted Net Assets$303,307$284,625▼ $18,682
Total Net Assets Fund Balance$303,307$284,625▼ $18,682
Total Liabilities and Net Assets / Fund Balance$339,357$305,419▼ $33,938

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,621$13,758$19,379
Leasehold Improvements$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ashok SanchetiPresident
Rakesh BarmechaVice President
Jay MehtaDirector
Mehul ShahDirector
Nilesh ShethDirector
Nirav MehtaDirector
Roopam JainDirector
Shailesh JhalaniDirector
Shekhar ShahDirector
Shrenil BhansaliDirector
Neeraj RawatJoint Secretary
Prateek NigamSecretary
Rajeev PandyaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$485,583
Investment Income
$2,418
Other Revenue
$0
Change in Net Assets
$-18,682

Audited Revenue Reconciliation

Revenue per Audited Statements
$488,001
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$488,001
Total Revenue per Form 990
$488,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$451,599
Salaries, Compensation, and Employee Benefits$55,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$46,250-$46,250
Occupancy-$37,699-$37,699
Office Expenses-$9,760-$9,760
Other Expenses$239,228$7,055-$7,055
Other Employee Benefits-$5,500-$5,500
Insurance-$4,260-$4,260
All Other Expenses-$3,341-$3,341
Payroll Taxes-$3,334-$3,334
Fees for Services Accounting-$3,000-$3,000
Fees for Services Legal-$1,331-$1,331
Depreciation Depletion-$367-$367
Total Functional Expenses$239,228$267,455$0$506,683

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$506,683
Total Expenses per Audited Statements$506,683
Total Expenses per Form 990$506,683
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Make-a-wish Foundation of AmericaPhoenix, AZ-To Help the Children$118,698
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

AVAILABLE UPON REQUEST

Form 990, Part VI, Section C, Line 19

PUBLIC INSPECTION FILE

Filing and Contact Details

Filer

Filer Name
Indian Diamond and Colour-stone
EIN
13-3211019
Phone
2129214488
Address
56 WEST 45TH STREET FIFTH FLOOR, NEW YORK, NY 10036

Signing Officer

Name
Sourabh Lashkery
Title
Treasurer
Phone
2129214488
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rajeev Pandya
Formed
1984
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
0

Preparer

Firm
Prajapati Advisors Llp
Address
22 WEST 48TH STREET SUITE 1201, NEW YORK, NY 10036
Preparer
Hemant a Prajapati
Phone
2129212220
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05621
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013758
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019379
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0506683
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0488001
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05621
IRS990ScheduleD/TotalExpensesPerForm990Amt0506683
IRS990ScheduleD/TotalRevenuePerForm990Amt0488001
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0488001
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0506683
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0118698
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO HELP THE CHILDREN
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0PHOENIX
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0339357
IRS990/TotalAssetsGrp/EOYAmt0305419
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0267455
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0239228
IRS990/TotalFunctionalExpensesGrp/TotalAmt0506683
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036050
IRS990/TotalLiabilitiesEOYAmt020794
IRS990/TotalLiabilitiesGrp/BOYAmt036050
IRS990/TotalLiabilitiesGrp/EOYAmt020794
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0303307
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0284625
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0239228
IRS990/TotalProgramServiceRevenueAmt0485583
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0488001
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0488001
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0339357
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0305419
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0303307
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0284625
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.IDCANY.ORG
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02129214488
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIAN DIAMOND AND COLOUR-STONE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INDI
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ReturnHeader/Filer/PhoneNum02129214488
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.168.141.15
ReturnHeader/FilingSecurityInformation/IPDt02017-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:40:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814422836
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010036
ReturnHeader/PreparerPersonGrp/PhoneNum02129212220
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEMANT A PRAJAPATI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-05-15T14:41:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.10$0.23$3.87$3.39$3.53$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.65$0.64$4.01$6.68$6.46$0.22
2022Detailed filing. Detailed filing data is available for this year.$4.32$0.54$3.78$4.29$4.37$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.19$0.33$3.86$1.98$1.84$0.15
2020Detailed filing. Detailed filing data is available for this year.$3.93$0.21$3.71$1.47$1.32$0.16
2019Detailed filing. Detailed filing data is available for this year.$3.96$0.40$3.56$1.86$1.73$0.13
2018Detailed filing. Detailed filing data is available for this year.$3.74$0.32$3.42$2.13$1.94$0.19
2017Detailed filing. Detailed filing data is available for this year.$3.51$0.27$3.24$3.87$3.48$0.39
2016Detailed filing. Detailed filing data is available for this year.$3.05$0.21$2.85$4.88$5.07$0.19
2015Detailed filing. Detailed filing data is available for this year.$3.39$0.36$3.03$4.37$4.48$0.11
2014Detailed filing. Detailed filing data is available for this year.$3.38$0.24$3.14$3.87$4.22$0.34
2013Detailed filing. Detailed filing data is available for this year.$3.85$0.36$3.49$4.38$4.12$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$0.39$3.22$3.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.38$2.71$4.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$0.46$2.64$2.74