Gem Prep Meridian Llc
- Assets
- $12.7m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 77
- Location
- Deary, ID
- Founding
- 04/2017
- Data as of
- 06/2022
- EIN
- 37-1848621
Organization Overview
Gem Prep Meridian Llc is located in Deary, ID. The organization was established in 2017. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Gem Prep Meridian Llc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gem Prep Meridian Llc 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 06/2022, Gem Prep Meridian Llc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.5% each year . All expenses for the organization totaled $4.1m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS FOR SUCCESS IN COLLEGE AND PROFESSIONAL TECHNICAL CAREERS BY PROVIDING A HIGH QUALITY, PERSONALIZED, RELEVANT AND RIGOROUS EDUCATION THROUGH EXCEPTIONAL TEACHING, INNOVATIVE USES OF TECHNOLOGY AND PARTNERSHIPS WITH FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PREPARE STUDENTS FOR SUCCESS IN COLLEGE AND PROFESSIONAL TECHNICAL CAREERS BY PROVIDING A HIGH QUALITY, PERSONALIZED, RELEVANT AND RIGOROUS EDUCATION THROUGH EXCEPTIONAL TEACHING, INNOVATIVE USES OF TECHNOLOGY AND PARTNERSHIPS WITH FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Turner Board Chair | OfficerTrustee | 1 | $0 |
Barb Femreite Vice Chair | OfficerTrustee | 1 | $0 |
Emmett Wemp Board Member | Trustee | 1 | $0 |
Tayler Tibbitts Board Member | Trustee | 1 | $0 |
Robert Lee Board Member | Trustee | 1 | $0 |
Duncan Robb Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,444,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,491,136 |
| Total Program Service Revenue | $75,147 |
| Investment income | $7,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,573,466 |
| 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 | $1,645,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $410,976 |
| 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 | $0 |
| 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 | $95,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,467 |
| Insurance | $11,799 |
| All other expenses | $0 |
| Total functional expenses | $4,073,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,280 |
| Savings and temporary cash investments | $3,143,609 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,709 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,155,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,691,525 |
| Accounts payable and accrued expenses | $316,230 |
| 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 | $9,315,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $327,964 |
| Total liabilities | $9,959,194 |
| Net assets without donor restrictions | $2,207,422 |
| Net assets with donor restrictions | $524,909 |
| 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 | $12,691,525 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gem Prep Meridian Llc has recieved totaling $21.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Bellevue Christian School Clyde Hill, WA | $30,172,969 | $19,117,313 |
Cascade Christian Schools Puyallup, WA | $24,414,305 | $18,312,938 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |
Sun Valley Community School Inc Sun Valley, ID | $39,076,653 | $16,449,416 |
Idaho Arts Charter School Nampa, ID | $27,001,838 | $12,430,623 |
St Marys Of Medford Inc Medford, OR | $29,778,861 | $10,667,764 |
Compass Public Charter School Inc Meridian, ID | $30,633,815 | $11,054,812 |
Saint Georges School Spokane, WA | $26,592,411 | $9,553,681 |
Lincoln Academy Incorporated Pleasant Grove, UT | $18,022,202 | $9,107,326 |
Mcgillis School Salt Lake City, UT | $13,726,070 | $8,858,718 |