Gem Innovatoin Schools Of Idaho Inc
- Assets
- $4.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Deary, ID
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 41-2144838
Organization Overview
Gem Innovatoin Schools Of Idaho Inc is located in Deary, ID. The organization was established in 2007. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gem Innovatoin Schools Of Idaho Inc 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 Innovatoin Schools Of Idaho Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $829.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 7 years. 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
THE MISSION OF THE ORGANIZATION IS TO PROVIDE RESOURCES AND SUPPORT TO PARENTS WHO HAVE ELECTED TO EDUCATE THEIR CHILDREN AT HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ORGANIZATION IS: THROUGH TECHNOLOGY AND PARTNERSHIP BETWEEN PARENTS AND EDUCATORS, GEM INNOVATION SCHOOLS OF IDAHO PROMOTES AND SUPPORTS A MODERN EDUCATION SYSTEM THAT DELIVERS INNOVATIVE, RELEVANT, AND RIGOROUS EDUCATION TO EACH CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Turner Board Chairman | OfficerTrustee | 1 | $0 |
Barb Femreite Vice Chair | OfficerTrustee | 1 | $0 |
Duncan Robb Board Member | Trustee | 1 | $0 |
Emmett Wemp Board Member | Trustee | 1 | $0 |
Taylor Tibbits Board Member | Trustee | 1 | $0 |
Robert Lee Board Member | 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 | $1,475,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,475,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,750 |
| 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 | $1,476,750 |
| 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 | $3,212 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $829,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,052,006 |
| Savings and temporary cash investments | $0 |
| 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 | $1,090,364 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,142,370 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,142,370 |
| Net assets with donor restrictions | $0 |
| 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 | $4,142,370 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Gem Innovatoin Schools Of Idaho Inc has recieved totaling $1,000,038.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $500,000 |
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $500,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Academy Of Las Vegas Las Vegas, NV | $192,795,065 | $79,621,443 |
The Seattle Academy Of Arts And Sciences Seattle, WA | $130,565,499 | $44,102,575 |
Overlake School Redmond, WA | $108,738,189 | $25,530,145 |
Wasatch Academy Mt Pleasant, UT | $45,866,695 | $17,823,805 |
Utah Military Academy Riverdale, UT | $24,344,819 | $12,220,357 |
Africa New Life Ministries International Portland, OR | $6,351,157 | $13,013,845 |
Davinci Academy Of Science And The Arts Ogden, UT | $18,116,859 | $12,303,431 |
Northsound Association For Catholic Education Everett, WA | $18,986,934 | $10,534,843 |
Equipo Academy Las Vegas, NV | $5,537,300 | $8,383,335 |
Benton Franklin Head Start Program Richland, WA | $1,169,571 | $7,707,525 |
Northwest Academy Portland, OR | $25,854,406 | $19,083,366 |
Grace Cascade Christian Schools Medford, OR | $21,046,370 | $6,903,914 |