Precious Metals Retailers Association
Nonprofit profile at a glance
- EIN
- 853246005
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- St Louis, MO, USA
- Phone
- 3145632490
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $20,000
- Expenses
- $140,375
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- DAVID B COSGROVE (EXECUTIVE DIRECTOR)
People named in this filing
- DAVID B COSGROVE (EXECUTIVE DIRECTOR)
- KIRILL ZAGALSKY (DIRECTOR -CHAIRMAN)
- KEVIN DEMERITT (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The precious metals retailers association ("pmra") is a trade association of physical precious metals industry retailers dedicated to protecting and promoting the integrity of a valuable alternative investment and collector industry.pmra endeavors to facilitate education, communication, and cooperation among industry members regarding best practices, compliance procedures, and current events impacting the industry.
What it reported doing in 2024
Physical precious metals (gold, silver, platinum, palladium) are an alternative hard asset investment for many investors seeking portfolio diversification. As a global currency, they are often more stable than other currencies. They carry real, sustainable value and historically have outperformed other investments. Gold and silver coins fall into two very broad categories, numismatic and bullion. Numismatic coins carry a larger premium due to beauty and scaricity. Bullion coins are valued primarily on the composition or weight of the precious metal they contain. A sub-category of coinsare known as semi-numismatics, which exhibit both bullion and numismatic traits, in that they are bullion coins that have limited mintage and are attractive to collectors. Also, certain types of them are appoved by the IRS to be held in self-directed iras.although defined as a "commodity" pursuant to the commodity exchange act, as long as after sale they are delivered within 28 days they are not subject to the jurisdiction of either the commodity futures trading commission ("cftc") or the u.s. Securities and exchange commission ("sec") as futures contracts. Thus, the primary activity of the organization will be the representation of the physical precious metals industry to government agencies and bureaus, including the cftc and the sec through the presentation of information, trade statistics and group opinions to fairly describe the industry as a whole. This may be in the form of providing comment on proposed rules and regulations that affect the industry, preparing white papers and other studies about the industry. Approximately 60% of its assets and time will be devoted to this activity.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 82
- Sustainability: 3
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 21.4%; rating input score 21
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -601.9%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 12.7%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -24.3% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -18.1% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -22.1% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 21.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $30K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Program expense ratio scored 21/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 9/100.