2016-11-08T16:52:19-06:00 2015-12-31 861065772 DELOITTE TAX LLP 655 WEST BROADWAY SUITE 700 SAN DIEGO CA 921018590 990 2015-01-01 953797687 Gemological Institute of America Inc GEMO 7606034000 5345 Armada Drive Carlsbad CA 920084602 Jeffrey D Frank Senior VP & CFO 7606034000 2016-11-08 1 Jeffrey D Frank P00287234 6192326500 2015 2017-02-10 21:41:12Z Susan Jacques 5345 Armada Drive Carlsbad CA 920084602 252005418 0 X WWW.GIA.EDU X 1931 CA See Schedule O for Organization Mission Statement. 16 13 1487 25 683163 0 386771 448757 192280742 157767279 5731090 8055054 56139853 40628984 254538456 206900074 809464 1471615 0 0 101958039 106280582 0 0 17165 88523002 85400854 191290505 193153051 63247951 13747023 469153552 464538773 44375521 51800334 424778031 412738439 X See Schedule O for Organization Mission Statement. 0 0 32811346 1471615 20204771 EDUCATION:See Schedule O for description of exempt purpose achievements. 138164567 138742544 LABORATORY:See Schedule O for description of exempt purpose achievements. 4034122 135399 RESEARCH & PUBLICATIONS:See Schedule O for description of exempt purpose achievements. 175010035 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 1 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 0 1 X 160 0 1 1487 1 1 1 1 BE BC HK IN IS JA SF TW TH AE UK 0 0 0 0 0 0 0 0 X 16 13 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AK AR CA CT FL GA IL KS KY MD MA MI MN MS MO NH NJ NY NC OR PA RI SC TN UT VA WV WI X David J Tearle Senior Vice President & CFO 7606034000 5345 Armada Drive Carlsbad CA 920084602 X SUSAN JACQUES PRESIDENT/CEO 39.00 1.00 X X 588507 0 43954 THOMAS MOSES Executive VP 39.00 1.00 X X 500575 0 35145 Amit Dhamani Governor 3.00 0.00 X 0 0 0 Rodney C Ewing GOVERNOR (THROUGH 11/09/2015) 3.00 0.00 X 8024 0 0 John A Green Governor 5.00 0.00 X 7500 0 0 Thomas Insley Governor 3.00 0.00 X 7500 0 0 Dione D Kenyon Governor 4.00 0.00 X 0 0 0 Lisa Locklear Governor 4.00 0.00 X 7500 0 0 Glenn R Nord Governor 3.00 0.00 X 4500 0 0 Barbara Sawrey Governor 3.00 0.00 X 7500 0 0 James P Shinehouse Governor 4.00 0.00 X 0 0 0 Hank B Siegel Governor 4.00 0.00 X 7500 0 0 Aron Suna Governor 4.00 0.00 X 7500 0 0 Elliot Tannenbaum Governor 3.00 0.00 X 7500 0 0 John Valley Governor 3.00 0.00 X 7500 0 0 Thomas Yang Governor 3.00 0.00 X 7500 0 0 Ephraim Zion Governor 3.00 0.00 X 3000 0 0 DAVID TEARLE SVP & CFO 39.00 1.00 X 380491 0 37802 JENNIFER WILSON VP, CORP COUNSEL 39.00 1.00 X 274748 0 27561 KATHERINE ANDREWS VP, COMPL & ETHICS 40.00 0.00 X 270243 0 41038 LISA BIGGS VP, CORP CONTROLLER 40.00 0.00 X 222097 0 23199 MATT CRIMMIN VP, REG LAB OPS 40.00 0.00 X 214030 0 34511 BEVERLY HORI SVP, EDUCATION 40.00 0.00 X 351159 0 29873 KATHRYN KIMMEL SVP, CHIEF MKTG OFFICER 40.00 0.00 X 304556 0 27524 ANNA MARTIN SVP, GLOBAL DEVLPMT 40.00 0.00 X 370310 0 20447 THERESA MOGAVERO VP, GLOBAL ED OPS 40.00 0.00 X 213470 0 22422 CYNTHIA SANDERS VP, CORP SVCS 40.00 0.00 X 197378 0 22093 SUSAN SCHINDELAR VP, GLOBAL MKTG 40.00 0.00 X 226920 0 36645 LUCY XIA VP, GLOBAL LAB PLNG 40.00 0.00 X 213625 0 33402 PHILLIP YANTZER VP, LABORATORY SVCS 40.00 0.00 X 207526 0 34204 John M King Chief Qlty Officer 40.00 0.00 X 238116 0 30095 GABRIEL ALAYON ORMAZA MGR, ISRAEL LAB SVCS 40.00 0.00 X 228359 0 5015 Wuyi Wang Director, R&D 40.00 0.00 X 226543 0 35342 ROHIT TANDON CHIEF HR OFFICER 40.00 0.00 X 221355 0 23849 Stephen Morisseau Dir., Public Relations 40.00 0.00 X 215779 0 34623 5748811 0 598744 117 0 1 0 The Shand Group 1482 East Valley Rd 474 Santa Barbara CA 93108 Marketing 7832930 Tata America 12977 Collections Center Drive Chicago IL 60693 IT services 4392831 WORKDAY INC 6230 STONERIDGE MALL ROAD PLEASANTON CA 94588 IT services 3524186 ORACLE AMERICA INC 500 ORACLE PARKWAY REDwood Shores CA 94065 IT services 1868740 DLA PIPER LLP US 6225 SMITH AVENUE BALTIMORE MD 21209 LEGAL SERVICES 1818554 63 448757 407642 448757 Gemological Laboratory 541990 139012746 139012746 Tuition & Fees 611519 18619134 18619134 Gemology Publications 511120 135399 135399 157767279 4177570 4177570 38630386 38630386 46038152 45973 42009163 197478 4028989 -151505 3877484 3877484 4661735 2898703 1763032 1113053 649979 Miscellaneous Revenue 900099 472584 472584 Net Management Fee 900099 33184 33184 Foreign Exchange Loss 900099 -270202 -270202 235566 206900074 159082714 683163 46685440 X 100945 100945 824038 824038 546632 546632 4618659 3208865 1409794 76579190 70037989 6526344 14857 7585330 6846655 737476 1199 11279873 10805675 474198 6217530 5629197 587224 1109 3513450 658996 2854454 787244 151787 635457 556965 556965 19901456 18563637 1337819 9013516 9013443 73 9093064 8808785 284279 8739255 8467089 272166 1756644 1756644 5155725 5025039 130686 4004482 2752416 1252066 1989603 1485542 504061 11103822 11027491 76331 1970680 1789867 180813 Foreign Withholding Tax 4777240 4777240 Maintenance 2242583 2102180 140403 795125 629883 165242 193153051 175010035 18125851 17165 33941263 21234840 11732506 25214738 63496059 53887645 2758633 2253460 5154659 6657284 4789546 4193128 239776785 79450713 146561929 160326072 124866611 131642017 75852346 59129589 469153552 464538773 5959633 5893349 4664108 5448842 33751780 40458143 44375521 51800334 X 409001042 387404259 3322137 2820253 12454852 12513927 424778031 412738439 469153552 464538773 X 13747023 -7871727 -17914888 X 0 1 X 1 1 1 X Form 990, Schedule A, Part I: Gemological Institute of America, Inc. ("GIA or "The Institute") also qualifies as a publicly supported organization under section 509(a)(2) of the Internal Revenue Code (Part I, line 9). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 407642 31526805 X X X X Gemological Education 0 84099236 40325 -1380130 1265190 27599 81466642 81906193 22531 4687648 672903 1844233 84099236 72894834 101175 10772013 662294 1199535 81906193 67150391 500 8319258 716466 1858849 72894834 67584620 172917 -410686 423921 -158244 -69217 67150391 0.81310 0.03330 0.15360 0 0 13227037 13227037 129382367 25378242 104004125 4992691 1417971 3574720 26693767 16053335 10640432 65480923 36601165 28879758 160326072 GEM COLLECTIONS 31526805 Investment in Subsidiaries 26860056 Other Assets 742728 59129589 ACCRUED PAYROLL 2558687 OTHER CURRENT LIABILITIES 2204475 SALES & USE TAX PAYABLE 18764 OTHER LONG TERM LIABILITIES 1438485 ACCRUED PAID TIME OFF 12853456 ACCRUED PENSION EXPENSE 12109656 INTERCOMPANY ACCOUNTS 9274620 40458143 X Part III, Line 4: GIA'S library, gemstone, and jewelry collection is displayed in its museum and throughout GIA; used for public exhibition, research and education purposes; and preserved for future generations. Part V, Line 4: GIA uses endowment funds for activities pursuant to the Institute's mission, which is summarized in the response to Part III, Item 1. Part X, Line 2: THE INSTITUTE ADOPTED ASC NO. 740-10, ACCOUNTING FOR INCOME TAXES, ON JANUARY 1, 2007. AS OF THE DATE OF ADOPTION THROUGH DECEMBER 31, 2015, THE INSTITUTE HAD NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE INSTITUTE WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX BENEFITS AS INCOME TAX EXPENSE WHEN ACCRUED. AS THE INSTITUTE HAD NO LIABILITIES FOR UNCERTAIN TAX POSITIONS, THERE HAS BEEN NO ACCRUAL FOR INTEREST AND PENALTIES FOR THE YEARS ENDED DECEMBER 31, 2015 OR 2014. Form 990, Schedule D, Part V, Line 1E: These amounts include changes in present value for the year. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The Institute's brochures and applications all include statements of its nondiscrimination policy. The Institute customarily draws a substantial percentage of its students nationwide or worldwide and follows a nondiscrimination policy. Accordingly, the newspaper or broadcast publication requirement is satisfied by adherence to Rev. Proc. 75-50, Section 4.02. Schedule E, Part I, Line 6 GIA is accredited by ACCSC, which is recognized by the US Department of Education. GIA participates in Title IV programs. GIA also accepts veteran's benefits for programs that qualify. 1 Middle East and North Africa 1 172 Program services LAB & RESEARCH SERVICES 8005176 East Asia and the Pacific 0 0 Scholarship Grants to Recipients in Region ScholarshipS TO PARTICIPATE IN THE INSTITUTE'S SCHOOL PROGRAMS 139744 Europe (including Iceland & Greenland) 0 0 Scholarship Grants to Recipients in Region ScholarshipS TO PARTICIPATE IN THE INSTITUTE'S SCHOOL PROGRAMS 91218 South Asia 0 0 Scholarship Grants to Recipients in Region ScholarshipS TO PARTICIPATE IN THE INSTITUTE'S SCHOOL PROGRAMS 219339 Europe (including Iceland & Greenland) INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 366198 East Asia and the Pacific INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 2934712 South Asia INVESTMENTS IN WHOLLY OWNED SUBSIDIARIES 23555003 SUB-SAHARAN AFRICA 0 0 Program services EDUCATION DELIVERY 26434 Middle East and North Africa 0 0 Program services See Part V 46761 Europe (including Iceland & Greenland) 0 0 Grant-making Support for Gemological Education 20000 NORTH AMERICA 0 0 Grant-making Support for Gemological Research 20000 1 172 0 0 1 172 35337824 86761 35424585 Sub-Saharan Africa EDUCATION DELIVERY 7456 Electronic Fund/Wire 18978 LIBRARY MATERIALS BOOK EUROPE (INCLUDING ICELAND & GREENLAND) EDUCATION SUPPORT 20000 Electronic Fund/Wire NORTH AMERICA RESEARCH SUPPORT 20000 ELECTRONIC FUND/WIRE Middle East and North Africa EDUCATION DELIVERY 46761 SEE PART V Book 2 3 Scholarship Awards East Asia and the Pacific 23 139744 Tuition Reduction FMV Scholarship Awards Europe (including Iceland & Greenland) 10 91218 Tuition Reduction FMV Scholarship Awards SOUTH ASIA 38 219339 Tuition Reduction FMV 0 0 1 0 0 1 Part I, Line 2: After GIA receives the signed Acceptance Form and the student enrolls, an award line is set up in PeopleSoft to ready the award for disbursement. The award is disbursed through the PeopleSoft system as a credit to the student's tuition account. The funds are not disbursed directly to the student unless the provisions of the scholarship include living expenses; any such award is disbursed through PeopleSoft in the same manner as other financial aid designated for living expenses. The international school must initiate the process of transferring funds from GIA by submitting a written invoice to the Scholarship Coordinator at GIA; email is acceptable. The invoice must include the scholarship recipient's name, student number, scholarship award amount in local currency, name of the scholarship, and course enrollment information (start date, course name and number). GIA transfers the funds to the school when the scholarship recipients begin their qualified course of study at GIA India, GIA England, GIA (International) Company, LTD (AKA GIA Thailand School), GIA Hong Kong Limited, GIA Instrument (Taiwan) Co. (AKA GIA Taiwan School), or GIA Middle East (L.C.C.). Part I, Line 3, Column (E) and Part II, Line 1, COLUMN (H): In 2015, GIA offered a two-week gemology training seminar free of charge for international law enforcement officers in Dubai. The purpose of the training seminar was to assist the law enforcement officers in the investigation and prosecution of jewelry related crimes. GIA directly paid the seminar-related expenses and provided expert instructors for the program. Schedule F, Part V: The amounts reported in Schedule F were determined using the accrual method of accounting. 1 VARIOUS LAW ENFORCEMENT AGENCIES GOVERNMENT 46744 FMV SEE SUPPLEMENTAL INFORMATION, PART IV SUPPORT LAW ENFORCEMENT FUNCTION OF REDUCING THEFT,FRAUD & MISREPRESENTATION DIAMOND EMPOWERMENT FUND INC 1601 BROADWAY 12TH FLOOR NEW YORK NY 10017 205967103 501(C)(3) 7000 SPONSORSHIP JEWELERS FOR CHILDREN 120 BROADWAY 12TH FLOOR NEW YORK NY 10271 133716474 501(C)(3) 2000 SPONSORSHIP 24 KARAT CLUB OF SE US 10440 N CENTRAL EXPRESSWAY DALLAS TX 75231 581342487 501(C)(3) 1000 SPONSORSHIP JEWELERS VIGILANCE COMMITTEE 25 WEST 45TH STREET 1406 NEW YORK NY 10036 131661424 501(C)(6) 14800 SPONSORSHIP JEWELERS SECURITY ALLIANCE 6 EAST 45TH STREET 1305 NEW YORK NY 10017 130887438 501(C)(6) 10000 SPONSORSHIP DIAMOND DEALERS CLUB INC 580 FIFTH AVENUE NEW YORK NY 10036 130632945 501(C)(6) 10000 SUPPORT OF ISRAEL & ANTWERP DIAMOND WEEKS AMERICAN GEM SOCIETY 8881 W SAHARA AVENUE LAS VEGAS NY 89117 951409272 501(C)(6) 3900 SPONSORSHIP JEWELERS OF AMERICA INC 120 BROADWAY 12TH FLOOR NEW YORK NV 10271 530246294 501(C)(6) 1500 SPONSORSHIP Indian Diamond and Colour-stone Association Inc 56 West 45th Street 705 NEW YORK NY 10036 133211019 501(C)(6) 700 SPONSORSHIP Carlsbad Educational Foundation 5631 Palmer Way Suite L Carlsbad CA 92010 953768448 501(C)(3) 725 FMV ADVANCE GEMOLOGICAL EDUCATION Center for Community Solutions 4508 Mission Bay Drive San Diego CA 92109 956379598 501(C)(3) 370 FMV Gem learning materials ADVANCE GEMOLOGICAL EDUCATION Chabad at La Costa 1980 LA COSTA AVENUE Carlsbad CA 92009 364617761 501(C)(3) 374 FMV Gem learning materials ADVANCE GEMOLOGICAL EDUCATION MISSION BAY MONTESSORI ACADEMY PARENTS GROUP FOUNDATION 2640 Soderblom Avenue San Diego CA 92122 330683443 501(C)(3) 355 fMV Gem learning materials ADVANCE GEMOLOGICAL EDUCATION San Elijo Lagoon Conservancy 777 S Highway Suite 112 Solana Beach CA 92075 330358660 501(C)(3) 374 FMV Gem learning materials ADVANCE GEMOLOGICAL EDUCATION Solana Center for Environmental Innovation 137 N El Camino Real Encinitas CA 92024 330009949 501(C)(3) 374 FMV Gem learning materials ADVANCE GEMOLOGICAL EDUCATION Asian Business Association San Diego 7675 DAGGET STREET San Diego CA 92111 330430474 501(C)(6) 374 FMV Gem learning materials ADVANCE GEMOLOGICAL EDUCATION Women in Business PO Box 16126 San Diego CA 92176 953743591 501(C)(6) 355 FMV Gem learning materials ADVANCE GEMOLOGICAL EDUCATION 10 8 Scholarship Awards 274 0 823032 FMV Tuition Reduction Part I, Line 2: Scholarships - After GIA receives the signed Acceptance Form and the student enrolls, an award line is set up in PeopleSoft to ready the award for disbursement. The award is disbursed through the PeopleSoft system as a credit to the student's tuition account. The funds are not disbursed directly to the student unless the provisions of the scholarship include living expenses; any such award is disbursed through PeopleSoft in the same manner as other financial aid designated for living expenses. Other Grants - GIA makes limited grants to organizations in order to further its mission, upon review and approval by senior executive management. Part II, Line 1, Column (H): GIA regularly organizes and conducts seminars for the FBI and other law enforcement officials. In 2015, GIA offered a three-day gemology training seminar free of charge for FBI and other law enforcement officers. The purpose of the training seminar was to assist the law enforcement officers in the investigation and prosecution of jewelry related crimes. GIA directly paid the seminar-related expenses and provided expert instructors for the program. Additionally, GIA works with law enforcement officials to flag items reported as lost or stolen. In 2015, GIA continued its practice of flagging stolen gemstones in its database and recovered multiple gemstones in cases in which stones were resubmitted to the laboratory after having been stolen. GIA also reviewed colored stones for law enforcement and responded to multiple other information requests from law enforcement agencies. GIA participated in an agreement with U.S. Immigration and Customs Enforcement to maintain a database of gemstones to facilitate the efforts of trade and law enforcement officials related to identification of natural, treated, and synthetic stones and countries of origin. GIA encourages law enforcement personnel to enroll in GIA educational courses related to their official duties and does not charge for such enrollments. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 SUSAN JACQUES PRESIDENT/CEO 490427 0 0 0 98080 0 21200 0 22754 0 632461 0 0 0 THOMAS MOSES Executive VP 494552 0 0 0 6023 0 21200 0 13945 0 535720 0 0 0 DAVID TEARLE SVP & CFO 378117 0 0 0 2374 0 21200 0 16602 0 418293 0 0 0 JENNIFER WILSON VP, CORP COUNSEL 273478 0 0 0 1270 0 21200 0 6361 0 302309 0 0 0 KATHERINE ANDREWS VP, COMPL & ETHICS 268973 0 0 0 1270 0 21200 0 19838 0 311281 0 0 0 LISA BIGGS VP, CORP CONTROLLER 221600 0 0 0 497 0 18128 0 5071 0 245296 0 0 0 MATT CRIMMIN VP, REG LAB OPS 213653 0 0 0 377 0 17304 0 17207 0 248541 0 0 0 BEVERLY HORI SVP, EDUCATION 347516 0 0 0 3643 0 21200 0 8673 0 381032 0 0 0 KATHRYN KIMMEL SVP, CHIEF MKTG OFFICER 292323 0 0 0 12233 0 21200 0 6324 0 332080 0 0 0 ANNA MARTIN SVP, GLOBAL DEVLPMT 363300 0 0 0 7010 0 9354 0 11093 0 390757 0 0 0 THERESA MOGAVERO VP, GLOBAL ED OPS 211468 0 0 0 2002 0 16966 0 5456 0 235892 0 0 0 CYNTHIA SANDERS VP, CORP SVCS 194590 0 0 0 2788 0 15680 0 6413 0 219471 0 0 0 SUSAN SCHINDELAR VP, GLOBAL MKTG 224753 0 0 0 2167 0 16808 0 19837 0 263565 0 0 0 LUCY XIA VP, GLOBAL LAB PLNG 212918 0 0 0 707 0 17304 0 16098 0 247027 0 0 0 PHILLIP YANTZER VP, LABORATORY SVCS 205586 0 0 0 1940 0 16637 0 17567 0 241730 0 0 0 John M King Chief Qlty Officer 200166 0 0 0 37950 0 19005 0 11090 0 268211 0 0 0 GABRIEL ALAYON ORMAZA MGR, ISRAEL LAB SVCS 228189 0 0 0 170 0 3245 0 1770 0 233374 0 0 0 Wuyi Wang Director, R&D 216959 0 0 0 9584 0 18310 0 17032 0 261885 0 0 0 ROHIT TANDON CHIEF HR OFFICER 220617 0 0 0 738 0 6750 0 17099 0 245204 0 0 0 Stephen Morisseau Dir., Public Relations 214678 0 0 0 1101 0 17525 0 17098 0 250402 0 0 0 Part I, Line 1a GROSS-UPS - IN GENERAL, GROSS-UP PAYMENTS ARE PROVIDED FOR OCCASIONAL CASES OF TAXABLE BENEFITS. IN SUCH CASES, BOTH THE BENEFIT AND THE GROSS-UP AMOUNT ARE REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2. HOUSING - THE PRESIDENT/CEO RECEIVES HOUSING AS PROVIDED IN HER EMPLOYMENT AGREEMENT. THE ARRANGEMENT WAS APPROVED IN ADVANCE BY DISINTERESTED MEMBERS OF THE BOARD OF GOVERNORS WHO FOUND THAT THE ARRANGEMENT WAS REASONABLE. THE BENEFIT IS REPORTED AS TAXABLE COMPENSATION ON THE PRESIDENT/CEO'S FORM W-2. HEALTH CLUB FEES - AS PROVIDED IN THE GIA EMPLOYEE HANDBOOK, GIA PROVIDES TO ALL EMPLOYEES ON A ONE-TIME BASIS, REIMBURSEMENT UP TO $100 OF THE EMPLOYEE'S HEALTH CLUB OR FITNESS PROGRAM MEMBERSHIP FEE. GIA WILL ONLY REIMBURSE THE EMPLOYEE ONCE RECEIPTS ARE SUBMITTED. THIS REIMBURSEMENT IS AVAILABLE TO ALL EMPLOYEES. THE BENEFIT IS REPORTED AS TAXABLE COMPENSATION ON THE EMPLOYEE'S FORM W-2. Form 990, Schedule J, Part II, Column B(iii): The 'Other Reportable Compensation' reported in Column B(iii) consists of the value of group term life insurance in excess of $50,000 and a cash-out of earned paid time off (both of which were offered to all employees). See Part V 117397 0 See Part V 315630 0 see Part V 775503 0 Form 990, Schedule L, Part IV: (A) Name of Interested Person: Kelly Yantzer - Director, Global Education Standards(B) Relationship between Interested Person and Organization: Family Member of Phillip Yantzer, Key Employee(C) Amount of Transaction: $117,397(D) Description of Transaction: Ms. Yantzer is GIA's Director of Global Education Standards. Her compensation is reasonable in light of the value of her services to the Institute. She is supervised by, and her compensation level is set by, GIA's Vice President of Education Operations. (A) Name of Interested Person: Askupa LTD.(B) Relationship between Interested Person and Organization: A Member of the Board of Governors is a Principal of Askupa LTD.(C) Amount of Transaction: Deposit of $315,630 and Rent Payments of $775,503(D) Description of Transaction: In 2015, GIA entered into a five-year lease agreement for new laboratory and administrative space in Ramat Gan, Israel. The lessor is a company that has a principal who is also a member of the Board of GIA. In 2015, GIA paid for the security deposit, which is reflected in other assets on the balance sheet, and rent expense, which is reflected in occupancy in the statement of functional expenses. The lease was approved by disinterested board members after disclosure of the involvement of the particular board member. The board determined that the security deposit and rent are reasonable as compared to lease terms for comparable space. X 65 407642 SALE OF COMP. PROP. 5 0 1 0 Part I, Column (b): GIA IS REPORTING THE NUMBER OF CONTRIBUTIONS. Form 990, Part I, Item L, Year of Formation: The Gemological Institute of America was established in 1931 by Robert M. Shipley who introduced correspondence courses in the same year. Subsequently, GIA corporations were formed in Ohio and in California. The current Gemological Institute of America, Inc. ("GIA or "the Institute") is a California public benefit corporation, which is the successor to the California Corporation initially incorporated in 1982, which in turn is the successor to the Ohio Corporation incorporated in 1943. Form 990, Part I, Line 1, ORGANIZATION MISSION STATEMENT: GIA is the world's largest and most respected nonprofit institute of gemological learning and research. The Institute's mission and most significant activities are (A) operating a school providing education and granting diplomas in gemology and related areas; (B) protecting the public from misrepresentation pertaining to gems, deterring gem theft, assisting in the recovery of stolen property and prosecution of criminals, and promoting state-of-the-art research into the techniques by which gems are modified technologically or manufactured synthetically and as imitations of gems; and (C) supporting, performing, and publishing scientific research and analysis related to gems and gemology and learning in related fields. GIA offers a comprehensive gemology curriculum taught by a full-time, professional faculty to regularly enrolled students at its on-campus facilities in Carlsbad, California and New York City. GIA also offers extensive Distance Education. GIA's researchers utilize sophisticated analytical techniques and equipment to advance the science of gemology, and to detect synthetic and altered gems. Its library and quarterly publication, Gems & Gemology, collect and disseminate research on gems. The GIA's laboratory protects the public from misrepresentation about gems, deters gem theft, and helps law enforcement by tracing stolen gems, while promoting state-of-the-art research. GIA has been certified by the Responsible Jewellery Council since 2011, meeting the highest ethical, social and environmental standards established by the RJC's Code of Practices. Form 990, Part III, Line 4a: EDUCATION: GIA offers a comprehensive gemology curriculum at the Institute's California and New York campuses, and through international subsidiaries in India, Thailand, Hong Kong, England, South Africa, Botswana, United Arab Emirates, and Taiwan, and licensees in Japan, Korea, and Russia. Distance education courses are distributed domestically and internationally in a variety of languages. In 2015, total enrollments were 16,811, comprising 2,799 On-Campus, and 14,012 Distance-education enrollments. GIA was awarded the School of Excellence award in 2012 (California) and 2014 (New York) by the Accrediting Commission of Career Schools and Colleges (ACCSC) at the conclusion of each campus' five year accreditation cycle. Only a handful of schools in the country qualify for this high honor. GIA's educational offerings cover the gamut of gemology subjects, including, but not limited to: (a) the use of gemological instruments, (b) the optical and physical properties of diamonds, gemstones, pearls and other natural organic gem materials, (c) synthetic diamonds and diamond simulants, (d) detection of fracture-filled diamonds and synthetic diamonds, (e) determination of color, clarity, cut, and carat weight of diamonds, (f) application of FTC guidelines for jewelry transactions, (g) detection of synthetic, treated, imitation or assembled colored gem materials, and (h) detection of cultured, imitation, assembled and treated pearls. GIA offers varying levels of certification in the areas of diamonds, colored stones, pearls, and jewelry. A Graduate Gemologist (G.G.) diploma from GIA is recognized around the globe as a key credential in the gemological world. In 2003, in response to a growing need for quality science courses for children, GIA created the junior gemologist program. The junior gemologist program teaches gemology, geology and mineralogy to local students and youth groups, with instruction provided by the Institute's instructors and members of the gem and jewelry industry. The material is presented in an interactive and scientific workshop that includes hands-on training with gemological instruments and equipment. In 2014, GIA introduced a mobile version of the junior gemologist program AND visited 68 schools during 2015. Approximately 13,004 students attended the mobile and on-campus junior gemologist programs in 2015. In addition, GIA launched the GemKids website, bringing interactive, online gemology and geology education to students ages 9-12. GIA hosts a Jewelry Career Fair and Open House at its campuses in California and New York on an annual basis. The event is free and open to the public. As the jewelry industry's largest job fair, the event always attracts the industry's top retailers, manufacturers, laboratories and wholesalers interested in hiring GIA students and graduates. In 2015, approximately 1,200 individuals attended the Career Fair and Open House events, over 600 in California and over 600 in New York. The mission of the Institute's Richard T. Liddicoat Gemological Library and Information Center in Carlsbad, California is to continue as the world's premier resource for information in the fields of gem and jewelry-related studies. As such, the Institute promotes the use of its resources for education and research by the public, the gem and jewelry industry, and the Institute's students, faculty and alumni. The Institute's library houses the world's largest collection of diamond, gem and jewelry resource materials. Whether by phone, e-mail or in person, the library staff serves scientists, jewelers, gemologists and students from every corner of the globe. The expert library staff draws upon a growing collection of over 16,000 items in its circulating collection, over 48,000 items in the renowned Cartier Rare Book Repository and Archives, over 179,000 photographic images, 2,000 videos (VHS AND DVD FORMAT), approximately 700 journal and magazine titles, 250 CD-ROMs and 130 audio CDs to provide ready reference in the fields of gemology and jewelry. The Institute's museum also educates the public on gems and gemology, displaying cut gems, mineral specimens and jewelry. The museum has hosted a series of themed exhibits. In 2015, 8,070 guests visited and toured the museum throughout the year. The museum also hosted three events to highlight special exhibit openings and lectures with approximately 800 guests. As discussed below, the Institute publishes "Gems & Gemology," a peer reviewed journal that educates its readership about the latest discoveries in gemology. In 2013, GIA and the Nelson Mandela Centre of Memory signed a Memorandum of Understanding to provide four elementary schools in South Africa with Mandela Day libraries. The new libraries are funded by the GIA endowment, which supports education and scholarship programs. This collaboration furthers GIA's mission to promote the highest quality of global gemological education by supporting childhood literacy and complements GIA's other educational initiatives that target other age groups. GIA provided library funding in 2013 and 2014. Form 990, Part III, Line 1, Organization Mission Statement: The Institute's mission and most significant activities are (A) operating a school providing education and granting diplomas in gemology and related areas; (B) protecting the public from misrepresentation pertaining to gems, deterring gem theft, assisting in the recovery of stolen property and prosecution of criminals, and promoting state-of-the-art research into the techniques by which gems are modified technologically or manufactured synthetically and as imitations of gems; and (C) supporting, performing, and publishing scientific research and analysis related to gems and gemology and learning in related fields. Form 990, Part III, Line 4b: LABORATORY: THE MISSION OF THE INSTITUTE'S LABORATORY IS TO PROTECT THE PUBLIC FROM MISREPRESENTATION PERTAINING TO GEMS (WHETHER INNOCENT, NEGLIGENT OR INTENTIONAL), TO DETER GEM THEFT, TO ASSIST IN RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, AND TO PROMOTE STATE-OF-THE-ART RESEARCH INTO THE TECHNIQUES BY WHICH GEMS ARE MODIFIED TECHNOLOGICALLY OR MANUFACTURED SYNTHETICALLY. THE FBI'S JEWELRY AND GEM PROGRAM HAS DESIGNATED GIA AS A PARTNER LISTED ON THE FBI WEBSITE IN COMBATING GEM THEFT. IN 2015, THE LABORATORY CONTINUED ITS PRACTICE OF FLAGGING STOLEN GEMSTONES IN ITS DATABASE, AND RECOVERED MULTIPLE GEMSTONES IN CASES IN WHICH STONES WERE RESUBMITTED TO THE LABORATORY AFTER HAVING BEEN STOLEN. GIA ALSO REGULARLY ASSISTS OTHER GOVERNMENT AGENCIES. IN 2015, GIA REVIEWED COLORED STONES FOR LAW ENFORCEMENT AND RESPONDED TO MULTIPLE OTHER INFORMATION REQUESTS FROM LAW ENFORCEMENT AGENCIES. FURTHERMORE, GIA PROVIDED SUPPORT AND INFORMATION TO THE DEPARTMENT OF HOMELAND SECURITY. THE LABORATORY FULFILLS ITS MISSION BY EXAMINING AND CLASSIFYING INDIVIDUAL GEM MATERIALS SUBMITTED TO THE GIA LABORATORY AND ITS INTERNATIONAL SUBSIDIARIES' LABORATORIES. DIAMONDS AND SYNTHETIC DIAMONDS ARE IDENTIFIED AND GRADED, WITH REPORTS ISSUED ON THEIR PRECISE IDENTIFYING FEATURES AND WITH QUALITY ASSESSMENTS ON THE 4CS: COLOR, CLARITY, CUT AND CARAT WEIGHT. COLORED GEMSTONES, SYNTHETIC COLORED STONES, PEARLS AND CULTURED PEARLS ARE IDENTIFIED, WITH REPORTS ISSUED UPON CLIENT REQUEST. THE DISTINGUISHING CHARACTERISTICS AND FEATURES OF A GIVEN GEM ARE UNIQUE TO THAT GEM IN MUCH THE SAME WAY A FINGERPRINT IS UNIQUE TO AN INDIVIDUAL PERSON. ONCE A GEM HAS BEEN SUBMITTED FOR EXAMINATION, ITS CHARACTERISTICS AND FEATURES ARE RECORDED FOR FUTURE REFERENCE IN CASE IT IS EVER RESUBMITTED, EITHER IN THE NORMAL COURSE OF EVENTS OR IN QUESTIONABLE CIRCUMSTANCES, SUCH AS WITH LOST OR STOLEN ITEMS. ADDITIONALLY, IF REQUESTED BY THE CLIENT, AN IDENTIFICATION CODE CAN BE LASER INSCRIBED UPON THE GEM. THE SUBSTANTIAL AND CONTINUOUS VOLUME OF GEM MATERIALS THAT ARE SUBMITTED FOR EXAMINATION, TOGETHER WITH THE LARGE COLLECTION OF COMPARISON GEMS ACQUIRED BY GIA, CONSTITUTE AN INVALUABLE DATABASE FOR THE RESEARCH AND PUBLIC SERVICE CONDUCTED BY THE INSTITUTE. TO MAKE THIS PUBLIC SERVICE POSSIBLE, GIA CHARGES RELATIVELY MODEST FEES THAT VARY BY THE TYPE AND SIZE OF THE GEM MATERIAL. IT SHOULD BE NOTED THAT GIA DOES NOT APPRAISE ANY GEM MATERIALS OR OTHERWISE ESTABLISH THEIR MARKET VALUE. COMMERCE IN GEMS HAS BECOME MORE GLOBAL OVER THE PAST DECADE, WITH THE RESULT THAT MANY GEM MATERIALS ARE SOLD BY FOREIGN GEM OWNERS OR DEALERS BUT ULTIMATELY FIND THEIR WAY TO THE U.S. MARKET, EITHER THROUGH WHOLESALE DISTRIBUTION OR FUTURE RESALE. MOST DIAMONDS PURCHASED IN THE U.S. HAVE BEEN MINED AND PROCESSED OUTSIDE OF THIS COUNTRY. SOME PROPORTION OF THOSE DIAMONDS HAVE HISTORICALLY NOT BEEN SUBMITTED TO GIA'S LABORATORY BECAUSE OF THE GEOGRAPHIC DISTANCE BETWEEN GIA'S LABORATORY FACILITIES IN CALIFORNIA AND NEW YORK AND THE FAR FLUNG LOCATIONS OF MINES AND DEALERS. TO ENHANCE ITS ABILITY TO PURSUE THE MISSION OF PROTECTING THE GEM PURCHASING PUBLIC, DETERRING THEFT, AND ASSISTING IN RECOVERY OF STOLEN PROPERTY AND PROSECUTION OF CRIMINALS, GIA OPERATES LABORATORIES THROUGH ITS BRANCHES AND WHOLLY-OWNED SUBSIDIARIES IN BOTSWANA, HONG KONG, INDIA, ISRAEL, JAPAN, SOUTH AFRICA, AND THAILAND; AND GIA OPERATES AN INTAKE OFFICE OFFERING LOGISTICAL SUPPORT THROUGH A BRANCH IN UNITED ARAB EMIRATES. FORM 990, PART III, LINE 4C: RESEARCH & PUBLICATIONS: THE INSTITUTE'S RESEARCHERS UTILIZE SOPHISTICATED ANALYTICAL TECHNIQUES AND SCIENTIFIC EQUIPMENT TO ADVANCE THE SCIENCE OF GEMOLOGY, INCLUDING DETECTION OF SYNTHETIC GEMS, CULTURED PEARLS AND TREATED NATURAL GEMS. THE MISSION OF THE RESEARCH DEPARTMENT IS TO (1) CHARACTERIZE THE GEMOLOGICAL PROPERTIES OF GEM MATERIALS AND DEVELOP PRACTICAL WAYS TO IDENTIFY THEM; (2) UNDERSTAND THE CONDITIONS OF GEMSTONE FORMATION IN THE EARTH, AS WELL AS THE CONDITIONS OF GEM TREATMENT AND SYNTHESIS IN THE LABORATORY, AS A FURTHER BASIS FOR DEVELOPING MEANS OF GEM IDENTIFICATION; (3) INVESTIGATE THE FACTORS THAT ARE RESPONSIBLE FOR THE APPEARANCE OF DIAMONDS AND OTHER GEM MATERIALS, SO AS TO ESTABLISH METHODS TO EVALUATE THEIR QUALITY; AND (4) DESIGN AND IMPROVE INSTRUMENTS FOR GEM STONE TESTING. THE INSTITUTE IS THE WORLD LEADER IN RESEARCHING THE METHODS BY WHICH GEM MATERIALS CAN BE ENHANCED IN COLOR OR CLARITY OR SYNTHESIZED IN A LABORATORY. THIS RESEARCH HELPS PROTECT THE PUBLIC FROM POSSIBLE MISREPRESENTATIONS PERTAINING TO GEM MATERIALS. THE INSTITUTE ACTS AS A CONSUMER ADVOCATE TO ENSURE THAT CONSUMERS, ALONG WITH RETAILERS AND WHOLESALERS, ARE FULLY APPRISED OF THE TRUE CHARACTER - NATURAL, ENHANCED, OR SYNTHETIC - OF ANY SPECIFIC GEM. SINCE 2011, GIA HAS PARTICIPATED IN AN AGREEMENT WITH UNITED STATES CUSTOMS AND BORDER PROTECTION TO COLLABORATE ON ANALYSES OF GEMSTONES IN ORDER TO DETERMINE THEIR IDENTITY (NATURAL, TREATED-NATURAL OR SYNTHETIC), INDICATIONS OF COUNTRY OF ORIGIN, AND DEVELOP A DATABASE FOR INTERNATIONAL, FEDERAL, STATE, AND LOCAL LAW ENFORCEMENT THAT WILL FACILITATE TRADE AND LAW ENFORCEMENT. THIS COLLABORATION HELPS TO LESSEN THE BURDENS OF GOVERNMENT. IN 2014, GIA INTRODUCED THE GIA DIAMONDCHECK, A DEVICE THAT DRAWS ON GIA'S DECADES OF RESEARCH TO ASSIST IN THE IDENTIFICATION OF DIAMONDS THAT ARE POTENTIALLY SYNTHETIC OR COLOR-TREATED. AS PART OF ITS PUBLIC BENEFIT MISSION, GIA, WORKING WITH THE WORLD FEDERATION OF DIAMOND BOURSES (WFDB), HAS MADE THE DIAMONDCHECK AVAILABLE AT NO COST TO 20 DIAMOND BOURSES AND OTHER ORGANIZATIONS AROUND THE WORLD. TO DISSEMINATE THEIR FINDINGS, GIA RESEARCHERS SPEAK AT SEMINARS, POST DEVELOPMENTS ONLINE ON THE GIA RESEARCH WEBSITE, AND PUBLISH FREQUENTLY IN SCHOLARLY TEXTS AND JOURNALS, INCLUDING "GEMS & GEMOLOGY," GIA'S QUARTERLY SCIENTIFIC PUBLICATION. GEMS & GEMOLOGY, WHICH HAS BEEN IN CONTINUOUS PUBLICATION FOR 82 YEARS, PROVIDES INFORMATION ON NEW GEM MATERIALS, GEM LOCALITIES, TREATMENT AND SYNTHESIS TECHNIQUES, AND IDENTIFICATION METHODS. THE JOURNAL KEEPS STUDENTS AND PROFESSIONALS ALIKE UP-TO-DATE ON THE MOST CRITICAL TOPICS IN GEMOLOGY. IN RECENT YEARS, GIA HAS PUBLISHED THREE BOOKS CONTAINING ARTICLES FROM GEMS & GEMOLOGY, ON SYNTHETIC, COLORED AND TREATED DIAMONDS. THERE IS A CONSTANT DEMAND FOR BACK ISSUES BY STUDENTS, PROFESSIONALS AND HOBBYISTS RESEARCHING NUMEROUS GEMOLOGICAL SUBJECTS. IN ADDITION, GIA SUMMARIZES TECHNICAL ARTICLES PUBLISHED BY GIA RESEARCHERS IN GEMS & GEMOLOGY FOR REPUBLICATION IN TRADE JOURNALS NATIONALLY AND INTERNATIONALLY, SO THE INFORMATION CAN BE BROADLY DISSEMINATED. SINCE NOVEMBER 2008, THE JOURNAL HAS BEEN AVAILABLE ONLINE AS WELL AS IN PRINT. BEGINNING IN 2013, GIA MADE ALL OF ITS CURRENT AND BACK ISSUES OF GEMS & GEMOLOGY AVAILABLE ONLINE AT NO COST, AS WELL AS SUPPLEMENTAL MEDIA AND DATA. GIA ALSO LAUNCHED THE GEM ENCYCLOPEDIA IN 2013, WHICH MAKES DETAILED BUT USER-FRIENDLY INFORMATION ON A RANGE OF GEMSTONES AVAILABLE TO THE GENERAL PUBLIC ON ITS WEBSITE. IN ADDITION, GIA'S WEBSITE IS NOW AVAILABLE IN THREE LANGUAGES. WEBSITE PAGES VIEWS FOR THE YEAR 2015: GEMS & GEMOLOGY 600,226 RESEARCH & NEWS 42,062 PUBLICATION INFORMATION FOR THE YEAR 2015: ISSUES DISTRIBUTED TO SUBSCRIBERS: 3,993 CURRENT ISSUES ORDERED: 720 BACK ISSUES ORDERED: 529 TOTAL ISSUES: 5,242 Form 990, Part VI, Section B, line 11 The Board of Governors delegates the detailed review and approval of Form 990 to a 990 Review Team. The 990 Review Team consists of: GIA President / CEO; its Senior Vice President and Chief Financial Officer; its Senior Vice President and Chief Marketing Officer; its VP and Corporate Counsel; GIA's outside counsel specializing in non-profit and tax matters; VP and Chief Compliance & Ethics Officer; and Global Tax Director of GIA. The 990 Review Team schedules a meeting with the firm that prepares the Form 990 to conduct a detailed review. The firm responds to any outstanding questions or concerns raised by the 990 Review Team. Once the Review Team completes its detailed review, the Form 990 is available to the Board of Governors prior to its filing with the IRS. Form 990, Part VI, Section B, line 12c The Institute regularly and consistently monitors and enforces compliance with its conflict of interest policies through annual circulation of a conflict of interest questionnaire, which is completed and signed by all members of the board of governors, officers, and members of executive management. In addition, GIA requires all employees (including those of its international affiliates) to review its Code of Conduct, as it may be augmented by GIA from time to time, and to acknowledge by signature adherence to its ethical standards, including its conflict of interest policies, as a condition of employment. The legal department reviews contractual relationships entered into by the organization and is responsible for monitoring conflicts of interest as reported through disclosures and by other means. Further, it is incumbent upon all of the aforementioned parties to disclose any conflicts of interest in the course of the year. Form 990, Part VI, Section B, line 15 The Board of Governors Executive Committee meets annually in November to review the officer compensation and to set the pay rate for the subsequent year. GIA has retained the services of The Hay Group, international compensation and benefits consultants, which distributes periodic market pay comparisons of comparable jobs to those of GIA Officers. This information is provided to the Board Executive Committee for review and use. In the interim years between comprehensive market studies, GIA obtains such market data as average merit increases from the Hay Group and also takes the CPI into consideration. Form 990, Part VI, Section C, line 19 GIA's Employee Code of Conduct, which includes a section on Conflicts of Interest, is posted on GIA's website. This Code governs employees of GIA and its global subsidiaries. Financial statements are incorporated into the form 990, which, of course, is available to the public. The Institute's governing documents are also available to the public upon request. FORM 990, PART VII, SECTION A: IN 2015, BOARD MEMBERS RECEIVED A STIPEND BASED ON THE NUMBER OF MEETINGS THEY ATTENDED. HOWEVER, EACH GOVERNOR HAS THE OPTION TO DECLINE THIS STIPEND. Form 990, Part IX, line 11g Gemological Services: Program service expenses 12,378,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,378,401. Temporary Labor: Program service expenses 1,543,377. Management and general expenses 350,638. Fundraising expenses 0. Total expenses 1,894,015. Recruiting Services: Program service expenses 360,361. Management and general expenses 31,980. Fundraising expenses 0. Total expenses 392,341. Other Purchased Services: Program service expenses 4,281,498. Management and general expenses 955,201. Fundraising expenses 0. Total expenses 5,236,699. Form 990, Part XI, line 9: Unrealized foreign exchange loss -36,178. Pension liability adjustment 763,211. Dividends from foreign subs -667,772. Equity METHOD ADJUSTMENT FOR BOOKS -17,974,149. GIA Instruments UK Limited 35 Vine Street London, ECN 2AA UK Gemological Instrument Sales UK 0 0 Gemological Institute of America Inc GIA (Israel) 21 Tuval St Hayahalom Bldg 22nd F Ramat Gan 52522 IS Laboratory Services IS 12549384 10715220 Gemological Institute of America Inc GIA Holdings Inc 5345 Armada Drive Carlsbad CA 92008 330990032 Title Holding Company for Tax-Exempt Parent CA 501(c)(2) Gemological Institute of America Inc 1 GIA England 104 Great Russell Street London, WC1B 3LA UK Educational services UK Gemological Institute of America Inc 1 GIA (International) Company LTD U-Chu-Liang Bldg 2nd Fl 968 Rama Silom, Bangrak, Bangkok 10500 TH Educational services TH Gemological Institute of America Inc 1 GIA India 10th Fl Trade Centre Bandra Kurla Bandra (East), Mumbai, 400 051 IN Educational services IN GIA Holdings Inc 1 GIA Instrument (Taiwan) Co 3F 270 Nanjing East Road Sec 3 Taipei, 10551, ROC TW Educational Services TW Gemological Institute of America Inc C 2912158 1732777 1.00000 1 Gemological Research (Thailand) Company LTD U-Chu-Liang Bldg 10th Fl 968 Ram Silom, Bangrak, Bangkok 10500 TH Limited Laboratory Service TH Gemological Institute of America Inc C 7257174 4180760 1.00000 1 GIA Hong Kong Limited Room 301 3/F Aon China Building 29 Queen's Road Central HK Educational Services HK Gemological Institute of America Inc C 2706573 3821575 1.00000 1 GIA Belgium NV Lange Herentalsestraat 20-26 B-2018 Antwerp BE Research Services BE Gemological Institute of America Inc C 473770 729680 0.84720 1 GIA Education and Laboratory Limited STE 201/301 Diamond Technology Par PT 67782, Bl 8 Industrial Gaborone BC Educational and Laboratory Services BC Gemological Institute of America Inc C 2115644 3263674 1.00000 1 Gemological Institute International Inc 5345 Armada Dr Carlsbad CA 92008 263688898 Educational and Training Services CA Gemological Institute of America Inc C 3317586 3243374 1.00000 1 GIA Middle East (LLC) Building 6WA Office 801 Dubai Air P.O. Box 293800, Dubai AE Education and Logistic Support AE Gemological Institute of America Inc C 1.00000 1 GIA Education and Laboratory (PTY) LTD 512 5th FL SA Diamond centre Johannesburg, 2001 SF Education and Lab services SF Gemological Institute of America Inc C 4305078 1726285 1.00000 1 GIA TOKYO GODO KAISHA YAMAGUCHI BLDG 7 11TH FL 19-9 TAI 4-CHOME TAITO-KU, TOKYO JA Laboratory ServiceS JA GEmological Institute of America Inc C 3751509 2537285 1.00000 1 GIA Hong Kong Laboratory Limited 25TH FLOOR PROSPERITY TOWER 39 Queen's Road Central HK Laboratory ServiceS HK Gemological Institute of America Inc C 11811285 5264673 1.00000 1 GIA India Laboratory Private Limited 10th Floor Trade Centre Bandra Kur Bandra (East), Mumbai, 400 051 IN Laboratory Services IN GIA Holdings Inc C 79497895 85402080 1.00000 1 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 GIA Hong Kong Limited A 523496 ACCRUAL GIA Education and Laboratory Limited A 763555 ACCRUAL GIA Education and Laboratory (Pty) Ltd A 26995 ACCRUAL GIA India Laboratory Private Limited A 34636847 ACCRUAL Gemological Research (Thailand) Company Ltd A 1893094 ACCRUAL GIA Tokyo Godo Kaisha A 106799 ACCRUAL GIA Education and Laboratory Limited A 4028 ACCRUAL GIA Instrument (Taiwan) Co A 704930 ACCRUAL GIA EDUCATION AND LABORATORY LIMITED D 200500 ACCRUAL GIA Instrument (Taiwan) Co F 667772 ACCRUAL GIA Hong Kong Laboratory Limited G 86000 ACCRUAL GIA Education and Laboratory Limited G 395543 ACCRUAL GIA India LAboratory Private Limited G 1851902 ACCRUAL GIA India G 185524 ACCRUAL GIA (International) Company LTD G 69893 ACCRUAL GIA Instrument (Taiwan) Co G 120992 ACCRUAL GIA Hong Kong Limited G 101003 ACCRUAL GIA INDIA H 88953 ACCRUAL GIA INSTRUMEnt (Taiwan) Co H 215413 ACCRUAL GEMOlogical Research (Thailand) Company Ltd P 256855 ACCRUAL GIA HONG KONG LIMITED P 55434 ACCRUAL GIA India P 192597 ACCRUAL GIA INDIA Laboratory Private Limited P 129414 ACCRUAL GIA ENGLAND P 92472 ACCRUAL GIA INSTrument (Taiwan) Co P 63169 ACCRUAL GIA Belgium NV R 535121 ACCRUAL GIA Hong Kong Laboratory Limited R 12056610 ACCRUAL GIA Education and Laboratory (Pty) Ltd R 160204 ACCRUAL GIA Education and Laboratory Limited R 242153 ACCRUAL GEmological Research (Thailand) Company Ltd R 662098 ACCRUAL GIA Tokyo Godo Kaisha R 1419765 ACCRUAL Gemological Research (Thailand) Company Ltd S 896136 ACCRUAL GIA India Laboratory Private Limited S 44499189 ACCRUAL GIA Education and Laboratory (Pty) Ltd S 1043569 ACCRUAL GIA Education and Laboratory Limited S 691487 ACCRUAL GIA Tokyo Godo Kaisha S 229845 ACCRUAL Form 990, Schedule R, Part V: THE TRANSACTIONS REPORTED BETWEEN GIA AND THE RELATED ORGANIZATIONS LISTED WITH TRANSACTION TYPE A INVOLVE THE PAYMENT OF ROYALTIES AND INTEREST BY THE RELATED ORGANIZATIONS TO GIA FOR THE USE OF CERTAIN INTELLECTUAL PROPERTY. THESE RELATED ORGANIZATIONS ARE NOT TAX EXEMPT UNDER SECTION 501(C)(3) OF THE CODE. THEY ARE NOT LOCATED OR OPERATING IN THE UNITED STATES. HOWEVER, IF THESE ORGANIZATIONS WERE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE CODE WITH THE SAME EXEMPT PURPOSES AS GIA, THESE ORGANIZATIONS WOULD HAVE NO UNRELATED BUSINESS INCOME, SINCE ALL OF THEIR INCOME AND ACTIVITIES ARE IDENTICAL IN CHARACTER TO GIA'S TAX-EXEMPT INCOME AND ACTIVITIES. ACCORDINGLY, THESE ROYALTY PAYMENTS ARE NOT TREATED AS UNRELATED BUSINESS INCOME FOR GIA UNDER SECTION 512(B)(13) OF THE CODE. THE TRANSACTIONS REPORTED BETWEEN GIA AND THE RELATED ORGANIZATIONS LISTED WITH TRANSACTION TYPE S ARE ASSOCIATED WITH THE PROVISION OF GRADING AND MANAGEMENT SERVICES BY GIA. THESE GRADING SERVICES ARE PERFORMED IN GIA'S ORDINARY COURSE OF BUSINESS AS DESCRIBED IN SCHEDULE O, PART III, LINE 4B. THE TRANSACTIONS REPORTED BETWEEN GIA AND THE RELATED ORGANIZATIONS LISTED WITH TRANSACTION TYPE R ARE ASSOCIATED WITH RESEARCH AND OTHER SERVICES.