Gem Prep Online Llc
- Assets
- $5.4m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 61
- Location
- Deary, ID
- Founding
- 12/2019
- Data as of
- 06/2023
- EIN
- 83-4122757
Organization Overview
Gem Prep Online Llc is located in Deary, ID. The organization was established in 2019. 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 Online Llc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gem Prep Online 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 Online Llc generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2023. 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
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 | $160,409 | |
Bryan Fletcher CFO | 5 | $121,500 | |
Dennis Turner Chairman | OfficerTrustee | 1 | $0 |
Barb Femreite Vice-Chair | OfficerTrustee | 1 | $0 |
Terry Ryan Board Member | Trustee | 1 | $0 |
Mason Harper Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $325,000 |
| Government grants | $3,219,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,544,999 |
| Total Program Service Revenue | $1,103,976 |
| Investment income | $139,350 |
| 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 | $4,788,325 |
| 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. | $281,909 |
| Compensation of current officers, directors, key employees. | $281,909 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,008,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $798,578 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,644 |
| Insurance | $17,041 |
| All other expenses | $0 |
| Total functional expenses | $5,038,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,811 |
| Savings and temporary cash investments | $3,302,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $601,517 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,075,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,394,161 |
| Accounts payable and accrued expenses | $145,844 |
| 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 | $35,642 |
| Total liabilities | $181,486 |
| Net assets without donor restrictions | $5,156,104 |
| Net assets with donor restrictions | $56,571 |
| 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 | $5,394,161 |