Gem Foundation
Gem Foundation faces significant operational deficits despite substantial assets and zero reported officer compensation.
EIN: 202016199 · Kalispell, MT · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $378K |
| Total Expenses | $195K |
| Program Spending | 70% |
| Net Assets | $2.4M |
| Transparency Score | 65/100 |
Is Gem Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gem Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Gem Foundation
Gem Foundation (EIN: 202016199) is a nonprofit organization based in Kalispell, MT, classified under NTEE code T23. The organization reported total revenue of $378K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gem Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gem Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -33.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $195K |
| Surplus / Deficit | $-190,947 |
| Total Assets | $2.4M |
| Total Liabilities | $10K |
| Net Assets | $2.4M |
| Operating Margin | -4251.8% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 148.8 months |
Financial Health Grade: B
In 2023, Gem Foundation reported a deficit of $191K with expenses exceeding revenue, holds 148.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Gem Foundation's revenue has declined at a compound annual growth rate (CAGR) of -33.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.6% | +1.8% | -2.4% |
| 2022 | -10.2% | +107.9% | +41.6% |
| 2021 | +8575.1% | +5.5% | +82.6% |
| 2020 | -33.4% | -38.4% | +0.9% |
| 2019 | -97.3% | +36.0% | -25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gem Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Gem Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $191K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Gem Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer channels, which is a strong positive for donor confidence and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gem Foundation's IRS 990 filings:
- Significant and recurring operational deficits (e.g., $190,947 in 202311, $74,000 in 202011), where expenses far exceed revenue.
- Highly volatile revenue streams, making financial planning and sustainability unpredictable.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a precise assessment of spending efficiency.
Strengths
The following positive indicators were identified for Gem Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the leadership level.
- Substantial and growing asset base ($2,660,339 currently, up from $924,086 in 2011), providing financial stability and capacity.
- Long filing history (10 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Gem Foundation
Is Gem Foundation a legitimate charity?
Gem Foundation (EIN: 202016199) is a registered tax-exempt nonprofit based in Montana. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $378K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gem Foundation spend its money?
Gem Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Gem Foundation tax-deductible?
Gem Foundation is registered as a tax-exempt nonprofit (EIN: 202016199). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gem Foundation's spending goes to programs?
Gem Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Gem Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Gem Foundation is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gem Foundation located?
Gem Foundation is headquartered in Kalispell, Montana and files with the IRS under EIN 202016199. It is classified under NTEE code T23.
How many years of IRS 990 filings does Gem Foundation have?
Gem Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $378K in total revenue.
How does Gem Foundation cover its operational deficits, such as the $190,947 deficit in Period 202311 (Revenue $4,491 vs. Expenses $195,438)?
The organization likely covers these deficits by drawing from its substantial asset base, which currently stands at $2,660,339, or through large, infrequent donations that are not reflected in every reporting period's revenue.
What are the primary sources of Gem Foundation's highly variable revenue, which ranged from negative amounts in 2012-2013 to over $1 million in 2021-2022?
The extreme variability suggests reliance on a few large grants, specific fundraising campaigns, or investment income that fluctuates significantly, rather than consistent, broad-based donor support.
What is the nature of the 'negative revenue' reported in periods like 201211 ($-300,945) and 201311 ($-242,026)?
Negative revenue typically indicates significant returns of contributions, adjustments for prior period errors, or substantial investment losses that exceeded other income in those specific years.
Filing History
IRS 990 filing history for Gem Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gem Foundation's revenue has declined by 99.3%, moving from $640K to $4K. Total assets increased by 162.2% over the same period, from $924K to $2.4M. Total functional expenses rose by 31.8%, from $148K to $195K. In its most recent filing year (2023), Gem Foundation reported a deficit of $191K, with expenses exceeding revenue. The organization holds $10K in liabilities against $2.4M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $195K | $2.4M | $10K | — | View 990 |
| 2022 | $1.1M | $192K | $2.5M | $5K | — | View 990 |
| 2021 | $1.2M | $92K | $1.8M | $5K | — | View 990 |
| 2020 | $14K | $88K | $960K | $5K | — | View 990 |
| 2019 | $20K | $142K | $951K | $5K | — | View 990 |
| 2015 | $762K | $105K | $1.3M | $29K | — | View 990 |
| 2014 | $8K | $38K | $680K | $6K | — | View 990 |
| 2013 | $-242,026 | $32K | $970K | $6K | — | View 990 |
| 2012 | $-300,945 | $68K | $608K | $5K | — | View 990 |
| 2011 | $640K | $148K | $924K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $195K, and assets of $2.4M (revenue -99.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $192K, and assets of $2.5M (revenue -10.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $92K, and assets of $1.8M (revenue +8575.1% year-over-year).
- 2020: Revenue of $14K, expenses of $88K, and assets of $960K (revenue -33.4% year-over-year).
- 2019: Revenue of $20K, expenses of $142K, and assets of $951K (revenue -97.3% year-over-year).
- 2015: Revenue of $762K, expenses of $105K, and assets of $1.3M (revenue +9619.3% year-over-year).
- 2014: Revenue of $8K, expenses of $38K, and assets of $680K.
- 2013: Revenue of $-242,026, expenses of $32K, and assets of $970K.
- 2012: Revenue of $-300,945, expenses of $68K, and assets of $608K (revenue -147.0% year-over-year).
- 2011: Revenue of $640K, expenses of $148K, and assets of $924K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gem Foundation:
Data Sources and Methodology
This transparency report for Gem Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.