Silver Springs-Martin Luther School Foundation
- Assets
- $31.3m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth Meeting, PA
- Founding
- 10/1995
- Data as of
- 06/2021
- EIN
- 23-2815451
Organization Overview
Silver Springs-Martin Luther School Foundation, operating under the name Gemma Foundation, is located in Plymouth Meeting, PA. The organization was established in 1995. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Gemma Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Gemma Foundation generated $9.1m in total revenue. All expenses for the organization totaled $21.5k during the year ending 06/2021. While expenses have increased by 10.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATED EXCLUSIVELY FOR THE BENEFIT OF GEMMA SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF GEMMA SERVICES, A 501(C)(3) ORGANIZATION THAT PROVIDES SERVICES TO CHILDREN.
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF GEMMA SERVICES, A 501(C)(3) ORGANIZATION THAT PROVIDES SERVICES TO CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy B Wolcott Chairperson | OfficerTrustee | 1 | $0 |
C Andrew Krepps Jr Treasurer | OfficerTrustee | 1 | $0 |
William H Black ESQ Secretary | OfficerTrustee | 1 | $0 |
Kristen E M Gay Pres/ceo/trustee | OfficerTrustee | 1 | $0 |
Joan D Plump Chief Of Staff/trustee | OfficerTrustee | 1 | $0 |
Clifford Haugen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,902 |
| Total Program Service Revenue | $0 |
| Investment income | $538,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,493,313 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,073,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,592 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $951 |
| All other expenses | $1,982 |
| Total functional expenses | $21,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $115,499 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,148,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,337,417 |
| Accounts payable and accrued expenses | $78,534 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $135,542 |
| Total liabilities | $214,076 |
| Net assets without donor restrictions | $23,610,631 |
| Net assets with donor restrictions | $7,512,710 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $31,337,417 |
Endowment Analysis
| Beg. Balance | $24,825,605 |
| Earnings | $6,480,830 |
| Admin Expense | $20,982 |
| Net Contributions | $41,902 |
| Other Expense | $1,008,622 |
| Ending Balance | $30,318,733 |
Peer Organizations
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|---|---|---|
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Rosenkranz Foundation Inc New York, NY | $20,933,111 | $6,809,267 |
Llewellyn Family Foundation New York, NY | $59,134,047 | $5,278,479 |
Multiplying Good Inc New York, NY | $3,981,550 | $5,192,295 |
Otzar Hachesed Foundation Trust Lawrence, NY | $1,994 | $3,213,357 |
Resource Generation New York, NY | $3,097,699 | $3,226,740 |
Ahrc New York City Foundation Inc New York, NY | $37,872,404 | $3,668,368 |