Civic Intelligence

Gem Legacy Inc.

990EZ • Fiscal year 2022 • EIN 82-5351981

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 11, 2023

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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

55th percentile

8.0%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

84th percentile

51%

Faster asset growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Revenue Growth

32nd percentile

-9.0%

Faster revenue growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$209,005

Up $116,881 (+127%) from 2020

Net Assets

Up

$209,005

Up $116,881 (+127%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin55th percentile

Revenue

Down

$101,435

Down $21,069 (-17%) from 2020

Expenses

Up

$93,330

Up $27,984 (+43%) from 2020

Net Income

Down

$8,105

Down $49,053 (-86%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

2022

Assets$209,005
Liabilities$0
Net Assets$209,005
Open 2022 Filing

Operations Trend

Revenue Growth32nd percentile

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

2022

Revenue$101,435
Expenses$93,330
Net Income$8,105
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 11, 2023
Return Version
2022v5.0
Gross Receipts
$101,435
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$92,970$93,330
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROGER DERYExecutive Di-$0--
VIRGINIA DERYTreasurer-$0--
RACHEL DERY MERISHEKISecretary-$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
2023-03-11
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: 8,515 name: kitarini cash contribution: 47,218 name: miner toolkits cash contribution: 17,828 name: gem faceting scholarships cash contribution: 6,000 name: silicosis prevention cash contribution: 5,732”

Form 990-ez, Part I, Line 16

“Expenses printing 360 total 360”

Form 990-ez, Part III

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

Raw XML Appendix129 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ROYAL OAK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048073
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0200900
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IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0360
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt092970
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt093330
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalExpensesAmt093330
IRS990EZ/TotalProgramServiceExpensesAmt093330
IRS990EZ/TotalRevenueAmt0101435
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.GEMLEGACY.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0101435
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0284924
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: 8,515 NAME: KITARINI CASH CONTRIBUTION: 47,218 NAME: MINER TOOLKITS CASH CONTRIBUTION: 17,828 NAME: GEM FACETING SCHOLARSHIPS CASH CONTRIBUTION: 6,000 NAME: SILICOSIS PREVENTION CASH CONTRIBUTION: 5,732
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES PRINTING 360 TOTAL 360
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPAND 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 I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEM LEGACY INC
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ReturnHeader/Filer/EIN0825351981
ReturnHeader/Filer/USAddress/AddressLine1Txt04253 COOLIDGE HWY
ReturnHeader/Filer/USAddress/CityNm0ROYAL OAK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048073
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161778032
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROYAL OAK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0480730999
ReturnHeader/PreparerPersonGrp/PhoneNum02488357755
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN E KUDERIK CPA
ReturnHeader/ReturnTs02023-07-25T10:45:47-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RACHEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MERISHEKI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$209,005
Liabilities
$0
Net assets
$209,005
Revenue
$101,435
Expenses
$93,330
Net income
$8,105
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