The Gem Project INC EIN 26-1310697 Form 990 (PDF) Claim this org

The Gem Project INC

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Empowers students with mentoring and service to boost college readiness and graduation. For fiscal year 2025 it reported $560K in revenue, $291K in expenses, and $291K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Newark, NJ
Website
thegemproject.org
Filings
5 on file (2021–2025)
Revenue
$560KFY2025
Expenses
$291K
Net assets
$291K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1310697 Public charity (501(c)(3)) Newark, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers students with mentoring and service to boost college readiness and graduation.
Leadership
Amanda Ebokosia · CEO · $36K
Money in and out
$560K revenue, $291K expenses
Bottom line
87% program efficiency
Where the money goes · FY2025
Total revenue
$560K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$291K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $269K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.09 Fundraising $0.04
Program efficiency
87%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
12.0mo
months of highly liquid reserves at operating expense rate▲ ×10 vs prior filing year
Surplus margin
+48%
revenue over expenses, this year▲ +210% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$560K
FY2025▲ +278%
Expenses
$291K
FY2025▲ +37%
Total assets
$291K
FY2025▲ ×13
Total liabilities
$0
FY2025
Total revenue
$560K
Pt VIII · Ln 12
Total expenses
$291K
Pt IX · Ln 25
Net assets
$291K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$269K
Total assetsPt X · Ln 16$291K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Gem Project INC
EINHdr · item D26-1310697
Principal addressHdr · item CNewark, NJ
WebsiteHdr · item Jthegemproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$36,450Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Amanda Ebokosia’s $36K as CEO is at the 28th percentile of top reported officer pay among 1984 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Amanda Ebokosia$34,055$36,540
Amanda Ebokosia$36,450$32,150

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $254K of program spending, described in the organization's own filed words · FY2024.
01

The gem project provides high quality youth development programming that focuses on strengthening leadership, civic engagement and participating social justice initiatives between high school and college students. We have impacted over 2000 youth.

$254Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$514K · 92%
Program service revenue$46K · 8%
Contributions & grants92%$514K
Program service revenue8%$46K
Total revenueLn 12$560K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.09 Fundraising $0.04
Program services87%$254K
Management & general9%$26K
Fundraising4%$11K
Total functional expensesLn 25$291K

Balance Sheet

Part X · end of year
CashLn 1$291K
Total assetsLn 16$291K
Total liabilitiesLn 26$0
Total net assetsLn 32$291K
Months of cash on handcomputed12.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $291K · Operating expenses/yr $291K
12.0 months
Where the money goes
Program services
Program services $254K · Total expenses $291K
87%
Management & General
Management & general $26K · Total expenses $291K
9%
Fundraising
Fundraising $11K · Total expenses $291K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $295K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $514K · Total revenue $560K
92%
Government reliance
Government grants — · Total revenue $560K
Earned-income share
Program service revenue $46K · Total revenue $560K
8%
Investment reliance
Investment income $0 · Total revenue $560K
0%
Program self-sufficiency
Program service revenue $46K · Total expenses $291K
16%
Growth & trend
Revenue growth (YoY)
This year $560K · Prior year $148K
+278%
Revenue CAGR
FY2020 $129K · FY2024 $560K
+44%
Net-asset trend (YoY)
End of year $291K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $560K · Expenses $291K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $291K
Net-asset ratio
Net assets $291K · Total assets $291K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $291K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Amanda Ebokosia · Reported title CEO · Highest reported compensation $36K · Total expenses $291K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $44K · Total expenses $291K
15%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 9%
Fundraising cost ratio 2%
Revenue growth 278%
Legal fee ratio 0.01%
Accounting fee ratio 0.2%
Fundraising fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$560K revenue · viewing · ⤓ 990 PDF
FY2024$148K revenue · ⤓ 990 PDF
FY2023$312K revenue · ⤓ 990 PDF
FY2022$115K revenue · ⤓ 990 PDF
FY2021$129K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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