Gem Foundation
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $2.3m
- Employees
- 0
- Location
- Kalispell, MT
- Founding
- 06/2006
- Data as of
- 11/2022
- EIN
- 20-2016199
Organization Overview
Gem Foundation is located in Kalispell, MT. The organization was established in 2006. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gem Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Gem Foundation has awarded 52 individual grants totaling $508,120. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIATED BY THE GEM FOUNDATION, IN COLLABORATION WITH YOUNG CIVIC LEADERS, HUMANKIND IS A CONTINUING EXPLORATION OF WAYS TO SPARK AND CULTIVATE DEEPER CONNECTIONS THAT MOVE BEYOND BOUNDARIES, OPEN UP POSSIBILITIES AND REINFORCE OUR HUMANITY. IT AIMS TO CREATE A NETWORK OF SELF-SUSTAINING, SELF-ORGANIZING TEAMS THAT WILL FOSTER MEANINGFUL, IF DIFFICULT CONVERSATIONS THAT CAN MORE EFFECTIVELY MEET INDIVIDUAL, FAMILY, COMMUNITY AND SYSTEMIC CHALLENGES.
HUMANKIND SAN DIEGO IS A SERIES OF CONVENINGS ACROSS THE REGION TO CONNECT PEOPLE FROM DIVERSE NEIGHBORHOODS AND EXPLORE THE CONDITIONS THAT MAKE MEANINGFUL CONNECTIONS ACROSS BOUNDARIES POSSIBLE. STORIES OF PERSONAL EXPERIENCE ARE SHARED, IN CONVERSATIONS AND ON VIDEO, AND ANALYZED FOR COMMON THEMES. PARTICIPANTS RECONVENE TO CONSIDER THE RESULTS OF THE ANALYSIS, REFLECT ON WHAT WE'RE LEARNING AND IDENTIFY OPPORTUNITIES TO EXPAND THE SYSTEM.
CQ IS A GLOBAL COMMUNITY OF PEOPLE AND ORGANIZATIONS WHO ARE COMMITTED TO WORK WITH AND FOR COMMUNITIES TO REALIZE THEIR OWN ASPIRATIONS. IT IS AN ACTIVE PLATFORM TO EXPAND, RECOGNIZE AND ENGAGE A COMMUNITY OF CONTRIBUTORS, REDEFINING PHILANTHROPY, TO INCLUDE ALL GIFT OF TIME, TALENT AND TREASURE. IT SUPPORTS CROSS LEARNING AND TEACHING AND AIMS TO DEVELOPS A RESERVOIR OF EXPERIENCE, INFORMATION AND TOOLS THAT LEAD TO SUSTAINABLE LOCAL AND GLOBAL DEVELOPMENT.
GRANTS TO OTHER CHARITABLE ORGANIZATIONS
INITIATED BY THE GEM FOUNDATION, IN COLLABORATION WITH YOUNG CIVIC LEADERS, HUMANKIND IS A CONTINUING EXPLORATION OF WAYS TO SPARK AND CULTIVATE DEEPER CONNECTIONS THAT MOVE BEYOND BOUNDARIES, OPEN UP POSSIBILITIES AND REINFORCE OUR HUMANITY. IT AIMS TO CREATE A NETWORK OF SELF-SUSTAINING, SELF-ORGANIZING TEAMS THAT WILL FOSTER MEANINGFUL, IF DIFFICULT CONVERSATIONS THAT CAN MORE EFFECTIVELY MEET INDIVIDUAL, FAMILY, COMMUNITY AND SYSTEMIC CHALLENGES.
HUMANKIND SAN DIEGO IS A SERIES OF CONVENINGS ACROSS THE REGION TO CONNECT PEOPLE FROM DIVERSE NEIGHBORHOODS AND EXPLORE THE CONDITIONS THAT MAKE MEANINGFUL CONNECTIONS ACROSS BOUNDARIES POSSIBLE. STORIES OF PERSONAL EXPERIENCE ARE SHARED, IN CONVERSATIONS AND ON VIDEO, AND ANALYZED FOR COMMON THEMES. PARTICIPANTS RECONVENE TO CONSIDER THE RESULTS OF THE ANALYSIS, REFLECT ON WHAT WE'RE LEARNING AND IDENTIFY OPPORTUNITIES TO EXPAND THE SYSTEM.
CQ IS A GLOBAL COMMUNITY OF PEOPLE AND ORGANIZATIONS WHO ARE COMMITTED TO WORK WITH AND FOR COMMUNITIES TO REALIZE THEIR OWN ASPIRATIONS. IT IS AN ACTIVE PLATFORM TO EXPAND, RECOGNIZE AND ENGAGE A COMMUNITY OF CONTRIBUTORS, REDEFINING PHILANTHROPY, TO INCLUDE ALL GIFT OF TIME, TALENT AND TREASURE. IT SUPPORTS CROSS LEARNING AND TEACHING AND AIMS TO DEVELOPS A RESERVOIR OF EXPERIENCE, INFORMATION AND TOOLS THAT LEAD TO SUSTAINABLE LOCAL AND GLOBAL DEVELOPMENT.
GRANTS TO OTHER CHARITABLE ORGANIZATIONS
INITIATED BY THE GEM FOUNDATION, IN COLLABORATION WITH YOUNG CIVIC LEADERS, HUMANKIND IS A CONTINUING EXPLORATION OF WAYS TO SPARK AND CULTIVATE DEEPER CONNECTIONS THAT MOVE BEYOND BOUNDARIES, OPEN UP POSSIBILITIES AND REINFORCE OUR HUMANITY. IT AIMS TO CREATE A NETWORK OF SELF-SUSTAINING, SELF-ORGANIZING TEAMS THAT WILL FOSTER MEANINGFUL, IF DIFFICULT CONVERSATIONS THAT CAN MORE EFFECTIVELY MEET INDIVIDUAL, FAMILY, COMMUNITY AND SYSTEMIC CHALLENGES.
HUMANKIND SAN DIEGO IS A SERIES OF CONVENINGS ACROSS THE REGION TO CONNECT PEOPLE FROM DIVERSE NEIGHBORHOODS AND EXPLORE THE CONDITIONS THAT MAKE MEANINGFUL CONNECTIONS ACROSS BOUNDARIES POSSIBLE. STORIES OF PERSONAL EXPERIENCE ARE SHARED, IN CONVERSATIONS AND ON VIDEO, AND ANALYZED FOR COMMON THEMES. PARTICIPANTS RECONVENE TO CONSIDER THE RESULTS OF THE ANALYSIS, REFLECT ON WHAT WE'RE LEARNING AND IDENTIFY OPPORTUNITIES TO EXPAND THE SYSTEM.
CQ IS A GLOBAL COMMUNITY OF PEOPLE AND ORGANIZATIONS WHO ARE COMMITTED TO WORK WITH AND FOR COMMUNITIES TO REALIZE THEIR OWN ASPIRATIONS. IT IS AN ACTIVE PLATFORM TO EXPAND, RECOGNIZE AND ENGAGE A COMMUNITY OF CONTRIBUTORS, REDEFINING PHILANTHROPY, TO INCLUDE ALL GIFT OF TIME, TALENT AND TREASURE. IT SUPPORTS CROSS LEARNING AND TEACHING AND AIMS TO DEVELOPS A RESERVOIR OF EXPERIENCE, INFORMATION AND TOOLS THAT LEAD TO SUSTAINABLE LOCAL AND GLOBAL DEVELOPMENT.
GRANTS TO OTHER CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen A Mercaldo CEO | 10 | $0 | |
Dominic Mercaldo Director | 5 | $0 | |
Gianna M Digiovanni CFO | 5 | $0 | |
Janine Schooley Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,994 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,476 |
| Capital Gain Net Income | $60,476 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,062,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $599 |
| Printing and publications | $0 |
| Other expenses | $2,323 |
| Total operating and administrative expenses | $17,010 |
| Contributions, gifts, grants paid | $175,000 |
| Total expenses and disbursements | $192,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,371 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,481,275 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,000 |
Grants Awarded
Over the last fiscal year, Gem Foundation has awarded $175,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SAMARITAN FOUNDATION PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $100,000 |
ACUMEN PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $25,000 |
San Diego, CA PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $25,000 |
Dayton, OH PURPOSE: TO SUPPORT ORGANIZATION'S MISSION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of South Dakota Brookings, SD | $7,565,049 | $1,438,522 |
Gem Foundation Kalispell, MT | $2,481,275 | $1,062,470 |
Our Lady Of The Rockies Inc Butte, MT | $1,022,279 | $268,148 |
Full Circle Exchange International Inc Eagle, ID | $1,418,864 | $729 |
Horlacher Foundation Inc Stevensville, MT | $2,812,431 | $101,703 |
Sander Family Foundation Brookings, SD | $0 | $82 |
Society Of Women Innovators In Pain Management Hayden Lake, ID | $152,763 | $231,582 |
Direct Line Inc Sioux Falls, SD | $833,543 | $59,368 |
Discovery Foundation Inc Missoula, MT | $1,008,822 | $41,550 |
Butte Athletic Council Butte, MT | $322,481 | $0 |
Stritecky Family Foundation Inc Sioux Falls, SD | $264,383 | $146,240 |
Zachary Arthaud Foundation Dickinson, ND | $8,101,689 | $6,164,309 |