Civic Intelligence

Gem Legacy Inc.

990EZ • Fiscal year 2023 • EIN 82-5351981

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 03, 2024

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.

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

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

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

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.

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

Asset Growth

82nd percentile

40%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

86th percentile

71%

Faster revenue growth than 86% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$291,739

Up $82,734 (+40%) from 2022

Net Assets

Up

$291,739

Up $82,734 (+40%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin89th percentile

Revenue

Up

$173,897

Up $72,462 (+71%) from 2022

Expenses

Down

$91,163

Down $2,167 (-2.3%) from 2022

Net Income

Up

$82,734

Up $74,629 (+921%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2023

Assets$291,739
Liabilities$0
Net Assets$291,739
Open 2023 Filing

Operations Trend

Revenue Growth86th 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

2023

Revenue$173,897
Expenses$91,163
Net Income$82,734
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 3, 2024
Return Version
2023v5.0
Gross Receipts
$173,897
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$82,074$88,595
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
Phone
2485453546
Address
4253 COOLIDGE HWY, ROYAL OAK, MI 48073

Signing Officer

Name
Rachel Dery Merisheki
Title
Secretary
Phone
2485453546
Signed
2024-06-03
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: kitarini cash contribution: 45,274 name: mwatate orphanage cash contribution: 5,308 name: miner toolkits cash contribution: 12,919 name: gem faceting scholarships cash contribution: 6,000”

Form 990-ez, Part I, Line 16

“Expenses printing 3,515 email system 214 auto expense 1,867 insurance 651 doorbox donation platform 119 total 6,366”

Form 990-ez, Part III

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

Raw XML Appendix133 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/OtherExpensesTotalAmt06366
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt082074
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IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalExpensesAmt091163
IRS990EZ/TotalProgramServiceExpensesAmt088595
IRS990EZ/TotalRevenueAmt0173897
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: KITARINI CASH CONTRIBUTION: 45,274 NAME: MWATATE ORPHANAGE CASH CONTRIBUTION: 5,308 NAME: MINER TOOLKITS CASH CONTRIBUTION: 12,919 NAME: GEM FACETING SCHOLARSHIPS CASH CONTRIBUTION: 6,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES PRINTING 3,515 EMAIL SYSTEM 214 AUTO EXPENSE 1,867 INSURANCE 651 DOORBOX DONATION PLATFORM 119 TOTAL 6,366
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/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02485453546
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ReturnHeader/Filer/PhoneNum02485453546
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROYAL OAK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerPersonGrp/PhoneNum02488357755
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN E KUDERIK CPA
ReturnHeader/ReturnTs02024-08-27T10:22:16-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$291,739
Liabilities
$0
Net assets
$291,739
Revenue
$173,897
Expenses
$91,163
Net income
$82,734
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