Civic Intelligence

Gems Development Foundation

990 • Fiscal year 2023 • EIN 46-4879465

Jan 01, 2023 to Dec 31, 2023 • Filed on May 22, 2024

205 Yoakum Parkway 519Alexandria, VA 22304

(202) 329-5482

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

15th percentile

-31%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

85th percentile

$22,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 20.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

12th percentile

-46%

Faster asset growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-33%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$38,795

Down $33,056 (-46%) from 2022

Net Assets

Down

$38,795

Down $33,056 (-46%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$105,693

Down $52,695 (-33%) from 2022

Expenses

Down

$138,749

Down $15,813 (-10%) from 2022

Net Income

Down

-$33,056

Down $36,882 (-964%) from 2022

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2014: $73,476Liabilities 2014: $0Net Assets 2014: $73,4762014Assets 2015: $67,090Liabilities 2015: $0Net Assets 2015: $67,0902015Assets 2016: $103,231Liabilities 2016: $0Net Assets 2016: $103,2312016Assets 2017: $103,231Liabilities 2017: $0Net Assets 2017: $103,2312017Assets 2018: $51,264Liabilities 2018: $0Net Assets 2018: $51,2642018Assets 2019: $119,939Liabilities 2019: $0Net Assets 2019: $119,9392019Assets 2020: $33,066Liabilities 2020: $0Net Assets 2020: $33,0662020Assets 2021: $65,058Liabilities 2021: $0Net Assets 2021: $65,0582021Assets 2022: $71,851Liabilities 2022: $0Net Assets 2022: $71,8512022Assets 2023: $38,795Liabilities 2023: $0Net Assets 2023: $38,7952023Assets 2024: $22,197Liabilities 2024: $0Net Assets 2024: $22,1972024

Highlighted filing

2023

Assets$38,795
Liabilities$0
Net Assets$38,795

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $236,780Expenses 2014: $163,304Net Income 2014: $73,4762014Revenue 2015: $561,387Expenses 2015: $567,773Net Income 2015: -$6,3862015Revenue 2016: $305,881Expenses 2016: $269,740Net Income 2016: $36,1412016Revenue 2017: $305,881Expenses 2017: $269,740Net Income 2017: $36,1412017Revenue 2018: $280,033Expenses 2018: $360,221Net Income 2018: -$80,1882018Revenue 2019: $384,366Expenses 2019: $315,691Net Income 2019: $68,6752019Revenue 2020: $217,042Expenses 2020: $303,915Net Income 2020: -$86,8732020Revenue 2021: $187,241Expenses 2021: $155,249Net Income 2021: $31,9922021Revenue 2022: $158,388Expenses 2022: $154,562Net Income 2022: $3,8262022Revenue 2023: $105,693Expenses 2023: $138,749Net Income 2023: -$33,0562023Revenue 2024: $73,958Expenses 2024: $90,556Net Income 2024: -$16,5982024

Highlighted filing

2023

Revenue$105,693
Expenses$138,749
Net Income-$33,056
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 22, 2024
Return Version
2023v5.0
Gross Receipts
$105,693
Mission and Program Overview

Mission

Empowering hope. Cultivating opportunity: gems development foundation focuses on connecting people in need with the resources that will make the most measurable impacts for sustainable financial security, food security, clean water, and medical care. Gems programs deliver long-term solution that have been proven to work to support people and communities to become self-sustaining.

Empowering hope. Cultivating opportunity: gems development foundation focuses on connecting people in need with the resources that will make the most measurable impacts for sustainable financial security, food security, clean water, and medical care. Gems programs deliver long-term solutions that have been proven to work to support people and communities to become self-sustaining.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$71,851$38,795▼ $33,056
Cash and Non-Interest-Bearing Accounts$68,306$35,250▼ $33,056
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$71,851$38,795▼ $33,056
Other Assets Total$3,545$3,545→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$71,851$38,795▼ $33,056
Total Liabilities and Net Assets / Fund Balance$71,851$38,795▼ $33,056

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$23,511$23,511
Other Assets Org$3,545--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sharon EdwardsExecutive DirectorFT$22,000$22,000

Board Members and Trustees

NameTitle
Darrin PetersonChairman of the Board
Lance M MartinPresident
Heather Spears OlsenDirector
M Sean PurcellDirector/legal Counsel
Ellen RatnerEmerita
Dr Cholene EspinozaVP/medical Programs
Revenue and Support

Revenue Composition

Contributions and Grants
$105,693
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$105,693
Change in Net Assets
$-33,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,749
Salaries, Compensation, and Employee Benefits$22,000
Total Fundraising Expense$622
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$22,168--$22,168
Current Officers, Directors, Trustees, and Key Employees$16,500$5,500-$22,000
Other Expenses$10,214--$10,214
Travel$9,890--$9,890
Fees for Services Accounting-$4,605-$4,605
All Other Expenses$3,596$180-$3,776
Information Technology-$2,065-$2,065
Fees for Services Legal-$810-$810
Advertising--$622$622
Total Functional Expenses$124,967$13,160$622$138,749
International Activity

International Summary

Offices
2
Employees
2
Spending
$95,931

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Africa - South SudanProviding Medical Education, Educational Support and Fostering Sustainability-22$95,931
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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

The form 990 is reviewed by the committee prior to its filing.

Form 990, Part VI, Section B, Line 15

Compensation only for executive director, with payments also to in-country staff and one accounting consultant. Approval met with compliance of president, chairman of the board.

Form 990, Part VI, Section C, Line 18

Form 990 is available on organization website

Form 990, Part VI, Section C, Line 19

The organization will make its governing documents avaiable to the public upon request. The organization maintains a website where directions, phone numbers, top staff names, the current board of directors list, and email addresses are available for contact.

Filing and Contact Details

Filer

Filer Name
Gems Development Foundation
EIN
46-4879465
Phone
2023295482
Address
205 YOAKUM PARKWAY 519, ALEXANDRIA, VA 22304

Signing Officer

Name
Sharon Edwards
Title
Executive Director
Phone
2023295482
Signed
2024-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Edwards
Formed
2014
Legal Domicile
De
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
180 PARK AVENUE SUITE 200, FLORHAM PARK, NJ 07932
Preparer
Paula Vuksic
Phone
9732180500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Program administration: program service expenses 22,168. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,168.

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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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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt064364
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0105693
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0158388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0187241
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0217042
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0196122
IRS990ScheduleA/Total509Grp/TotalAmt0864486
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0105693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0158388
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0187241
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0217042
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0196122
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0864486
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023511
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023511
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03545
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03545
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt095931
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST AFRICA - SOUTH SUDAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROVIDING MEDICAL EDUCATION, EDUCATIONAL SUPPORT AND FOSTERING SUSTAINABILITY
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt02
IRS990ScheduleF/SubtotalOfficesCnt02
IRS990ScheduleF/SubtotalSpentAmt095931
IRS990ScheduleF/TotalEmployeeCnt02
IRS990ScheduleF/TotalOfficeCnt02
IRS990ScheduleF/TotalSpentAmt095931
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE COMMITTEE PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION ONLY FOR EXECUTIVE DIRECTOR, WITH PAYMENTS ALSO TO IN-COUNTRY STAFF AND ONE ACCOUNTING CONSULTANT. APPROVAL MET WITH COMPLIANCE OF PRESIDENT, CHAIRMAN OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE ON ORGANIZATION WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AVAIABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION MAINTAINS A WEBSITE WHERE DIRECTIONS, PHONE NUMBERS, TOP STAFF NAMES, THE CURRENT BOARD OF DIRECTORS LIST, AND EMAIL ADDRESSES ARE AVAILABLE FOR CONTACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROGRAM ADMINISTRATION: PROGRAM SERVICE EXPENSES 22,168. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,168.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt071851
IRS990/TotalAssetsEOYAmt038795
IRS990/TotalAssetsGrp/BOYAmt071851
IRS990/TotalAssetsGrp/EOYAmt038795
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0105693
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0622
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013160
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0124967
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138749
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt071851
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt038795
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0124967
IRS990/TotalReportableCompFromOrgAmt022000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0105693
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071851
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038795
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt09890
IRS990/TravelGrp/TotalAmt09890
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0205 YOAKUM PARKWAY 519
IRS990/USAddress/CityNm0ALEXANDRIA
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022304
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTPS://GEMSDEVELOPMENT.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON EDWARDS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02023295482
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEMS DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GEMS
ReturnHeader/Filer/EIN0464879465
ReturnHeader/Filer/PhoneNum02023295482
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 YOAKUM PARKWAY 519
ReturnHeader/Filer/USAddress/CityNm0ALEXANDRIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd022304
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872525370
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CITRIN COOPERMAN ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0180 PARK AVENUE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORHAM PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007932
ReturnHeader/PreparerPersonGrp/PhoneNum09732180500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAULA VUKSIC
ReturnHeader/ReturnTs02024-05-23T13:04:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHARON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0EDWARDS
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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