Gem Prep Nampa Llc
- Assets
- $12.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 62
- Location
- Deary, ID
- Founding
- 02/2016
- Data as of
- 06/2022
- EIN
- 47-3817130
Organization Overview
Gem Prep Nampa Llc is located in Deary, ID. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Gem Prep Nampa Llc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gem Prep Nampa 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 Nampa Llc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.4% each year .
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 Chairman | OfficerTrustee | 1 | $0 |
Barb Femreite Vice Chair | OfficerTrustee | 1 | $0 |
Tayler Tibbitts Board Member | Trustee | 1 | $0 |
Robert Lee Board Member | Trustee | 1 | $0 |
Emmett Wemp 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 | $4,246,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,558,529 |
| Total Program Service Revenue | $82,397 |
| Investment income | $5,338 |
| 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 | $4,646,264 |
| 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 | $1,720,982 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $435,297 |
| 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 | $103,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,700 |
| Insurance | $13,175 |
| All other expenses | $0 |
| Total functional expenses | $4,050,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,449 |
| Savings and temporary cash investments | $2,573,952 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,489 |
| 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 | $9,083,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $586,977 |
| Total assets | $12,475,378 |
| Accounts payable and accrued expenses | $184,565 |
| Grants payable | $0 |
| Deferred revenue | $27,214 |
| 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 | $10,100,000 |
| Other liabilities | $103,432 |
| Total liabilities | $10,415,211 |
| Net assets without donor restrictions | $1,506,603 |
| Net assets with donor restrictions | $553,564 |
| 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 | $12,475,378 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gem Prep Nampa Llc has recieved totaling $65.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nevada Virtual Academy Las Vegas, NV | $12,366,306 | $18,372,416 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Coral Academy Of Science Reno Reno, NV | $34,851,915 | $13,673,616 |
Excelsior Academy Erda, UT | $21,101,376 | $14,135,210 |
Insight School Of Oregon Painted Hills Prineville, OR | $4,220,966 | $11,908,711 |
Hawthorn Academy West Jordan, UT | $40,814,518 | $12,929,131 |
Slam Academy Las Vegas, NV | $7,859,786 | $9,913,438 |
Sage International School Of Boise A Public Charter School Inc Boise, ID | $15,670,087 | $11,422,030 |
Inspire Academics Inc Boise, ID | $3,259,112 | $10,570,236 |
Ogden Preparatory Academy Inc Ogden, UT | $20,708,701 | $11,491,491 |
Mountain Heights Academy Salt Lake City, UT | $9,058,147 | $12,346,829 |