Emerald Gems Foundation Inc
- Assets
- $34.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-4087767
Organization Overview
Emerald Gems Foundation Inc is located in Minnetonka, MN. The organization was established in 2015. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emerald Gems Foundation 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 12/2021, Emerald Gems Foundation Inc generated $42.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.2%) each year. All expenses for the organization totaled $53.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton M Newton Co-Founder, Executive Director, President & Camp Director | 3 | $0 | |
Shalaun Newton Co-Founder, Vice President & Treasurer | 10 | $0 | |
Ed Tapscott Secretary & Camp Coach | 1 | $0 | |
Vincent Baker Camp Coach | 0 | $0 | |
Jonathan Greenaway Camp Coach | 1 | $0 | |
Sarah Gayler Camp Coach | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,593 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,593 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,920 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,348 |
| Other expenses | $49,045 |
| Total expenses | $53,313 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,932 |
| Other assets | $0 |
| Total assets | $34,932 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,932 |