Gem Prep Pocatello Llc
- Assets
- $9.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 68
- Location
- Deary, ID
- Founding
- 03/2017
- Data as of
- 06/2023
- EIN
- 47-3829757
Organization Overview
Gem Prep Pocatello Llc is located in Deary, ID. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Gem Prep Pocatello Llc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gem Prep Pocatello 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 06/2023, Gem Prep Pocatello Llc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.0% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Jason Bransford Director | 5 | $0 | |
Bryan Fletcher CFO | 5 | $0 | |
Barb Femreite Vice Chair | OfficerTrustee | 1 | $0 |
Terry Ryan Board Member | Trustee | 1 | $0 |
Mason Harper Board Member | Trustee | 1 | $0 |
Dennis Turner Board Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,161,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,162,983 |
| Total Program Service Revenue | $102,584 |
| Investment income | $78,951 |
| 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 | $4,344,518 |
| 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 | $1,799,176 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $467,575 |
| 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 | $261,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,627 |
| Insurance | $12,978 |
| All other expenses | $0 |
| Total functional expenses | $3,988,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,432 |
| Savings and temporary cash investments | $1,982,838 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,077 |
| 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 | $6,360,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $313,696 |
| Total assets | $9,192,567 |
| Accounts payable and accrued expenses | $193,503 |
| 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 | $7,050,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,243,503 |
| Net assets without donor restrictions | $1,340,765 |
| Net assets with donor restrictions | $608,299 |
| 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 | $9,192,567 |