Civic Intelligence

Gem Legacy Inc.

990EZ • Fiscal year 2020 • EIN 82-5351981

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileWWW.GEMLEGACY.ORG
4253 Coolidge HwyRoyal Oak, MI 48073

(248) 545-3546

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

87th percentile

47%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

$92,124

No earlier filing loaded for comparison.

Net Assets

$92,124

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin87th percentile

Revenue

$122,504

No earlier filing loaded for comparison.

Expenses

$65,346

No earlier filing loaded for comparison.

Net Income

$57,158

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2020: $92,124Liabilities 2020: $0Net Assets 2020: $92,1242020Assets 2022: $209,005Liabilities 2022: $0Net Assets 2022: $209,0052022Assets 2023: $291,739Liabilities 2023: $0Net Assets 2023: $291,7392023Assets 2024: $389,462Liabilities 2024: $26,954Net Assets 2024: $362,5082024

Highlighted filing

2020

Assets$92,124
Liabilities$0
Net Assets$92,124
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2020: $122,504Expenses 2020: $65,346Net Income 2020: $57,1582020Revenue 2022: $101,435Expenses 2022: $93,330Net Income 2022: $8,1052022Revenue 2023: $173,897Expenses 2023: $91,163Net Income 2023: $82,7342023Revenue 2024: $217,760Expenses 2024: $145,872Net Income 2024: $71,8882024

Highlighted filing

2020

Revenue$122,504
Expenses$65,346
Net Income$57,158
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.0
Gross Receipts
$122,504
Mission and Program Overview

Mission

Expand the natural beneficiation of gemstone mining on the surrounding community through kids, education, and entrepreneurship

Program Services

DescriptionGrantsExpenses
EXPAND THE NATURAL BENEFICIATION OF GEMSTONE MINING ON THE SURROUNDING COMMUNITY THROUGH KIDS, EDUCATION, AND ENTREPRENEURSHIP$65,346$65,346
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROGER DERYExecutive DiPT$0--
VIRGINIA DERYTreasurerPT$0--
RACHEL DERY MERISHEKISecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Gem Legacy Inc
EIN
82-5351981
Address
4253 COOLIDGE HWY, ROYAL OAK, MI 48073

Signing Officer

Name
Rachel Dery Merisheki
Title
Secretary
Signed
2021-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Kuderik & Associates Pllc
Address
32121 WOODWARD AVE STE 202, ROYAL OAK, MI 48073-0999
Preparer
John E Kuderik CPA
Phone
2488357755
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“Name: gem faceting cash contribution: 23,929 name: mwatate orphanage cash contribution: 7,250 name: covid-19 relief cash contribution: 19,900 name: sanawari primary school cash contribution: 14,035”

Form 990-ez, Part III

“Expand the natural beneficiation of gemstone mining on the surrounding community through kids, education, and entrepreneurship”

Raw XML Appendix124 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0ROGER DERY
CompensationExplanation/CompensationExplanationGrp/PersonNm1VIRGINIA DERY
CompensationExplanation/CompensationExplanationGrp/PersonNm2RACHEL DERY MERISHEKI
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0RACHEL DERY MERISHEKI
IRS990EZ/BooksInCareOfDetail/PhoneNum02485453546
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt04253 COOLIDGE HWY
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ROYAL OAK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048073
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt034966
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt092124
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0122504
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt057158
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt065346
IRS990EZ/GrossReceiptsAmt0122504
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt034966
IRS990EZ/NetAssetsOrFundBalancesEOYAmt092124
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt034966
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROGER DERY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1VIRGINIA DERY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RACHEL DERY MERISHEKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EXPAND THE NATURAL BENEFICIATION OF GEMSTONE MINING ON THE SURROUNDING COMMUNITY THROUGH KIDS, EDUCATION, AND ENTREPRENEURSHIP
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EXPAND THE NATURAL BENEFICIATION OF GEMSTONE MINING ON THE SURROUNDING COMMUNITY THROUGH KIDS, EDUCATION, AND ENTREPRENEURSHIP
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt065346
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt065346
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt065346
IRS990EZ/TotalProgramServiceExpensesAmt065346
IRS990EZ/TotalRevenueAmt0122504
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.GEMLEGACY.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0122504
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt060985
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0183489
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0183489
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0122504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt060985
IRS990ScheduleA/Total509Grp/TotalAmt0183489
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0122504
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt060985
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0183489
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: GEM FACETING CASH CONTRIBUTION: 23,929 NAME: MWATATE ORPHANAGE CASH CONTRIBUTION: 7,250 NAME: COVID-19 RELIEF CASH CONTRIBUTION: 19,900 NAME: SANAWARI PRIMARY SCHOOL CASH CONTRIBUTION: 14,035
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPAND THE NATURAL BENEFICIATION OF GEMSTONE MINING ON THE SURROUNDING COMMUNITY THROUGH KIDS, EDUCATION, AND ENTREPRENEURSHIP
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RACHEL DERY MERISHEKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEM LEGACY INC
ReturnHeader/Filer/BusinessNameControlTxt0GEML
ReturnHeader/Filer/EIN0825351981
ReturnHeader/Filer/USAddress/AddressLine1Txt04253 COOLIDGE HWY
ReturnHeader/Filer/USAddress/CityNm0ROYAL OAK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048073
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161778032
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KUDERIK & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt032121 WOODWARD AVE STE 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROYAL OAK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0480730999
ReturnHeader/PreparerPersonGrp/PhoneNum02488357755
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN E KUDERIK CPA
ReturnHeader/ReturnTs02021-11-15T16:17:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RACHEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MERISHEKI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$92,124
Liabilities
$0
Net assets
$92,124
Revenue
$122,504
Expenses
$65,346
Net income
$57,158
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.27$3.63$2.18$1.46$0.72
2023Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$1.74$0.91$0.83
2022Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$1.01$0.93$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$1.23$0.65$0.57