The Gem Foundation FY2023 filing

Phoenix, AZ · Public charity (501(c)(3)) · Since 2011 · International

✓ Tax-deductible
Revenue
$1.1M
-6% vs prior year
Spent
$944K
To programs
92%
Net assets
$720K
By yearFY2020–FY2025
Revenue
$1.1M
FY2023▼ -6%
Revenue by fiscal year
FY2020$872K
FY2021$947K
FY2022$1.2M
FY2023$1.1M
FY2024$998K
FY2025$1.0M
Expenses
$944K
FY2023▼ -7%
Expenses by fiscal year
FY2020$793K
FY2021$1.0M
FY2022$1.0M
FY2023$944K
FY2024$1.1M
FY2025$1.2M
Net assets
$720K
FY2023▲ +23%
Net assets by fiscal year
FY2020$508K
FY2021$448K
FY2022$583K
FY2023$720K
FY2024$586K
FY2025$381K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Gem Foundation
EINHdr · item D45-2660568
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2011
Year of formationHdr · item L2011
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPhoenix, AZ
NTEE classificationIRS BMFInternational (Q33)
WebsiteHdr · item Jwww.thegemfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.04 Fundraising $0.03
Program services92%$872K
Management & general4%$41K
Fundraising3%$32K
Total functional expensesLn 25$944K

Financial health

Is it on solid ground?

Program efficiency
92%
of spending reaches programs
Operating runway
9.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$721K
FY2023▲ +22%
Total assets by fiscal year
FY2020$526K
FY2021$478K
FY2022$592K
FY2023$721K
FY2024$588K
FY2025$382K
Total liabilities
$2K
FY2023▼ -81%
Total liabilities by fiscal year
FY2020$18K
FY2021$29K
FY2022$10K
FY2023$2K
FY2024$2K
FY2025$1K
Revenue less expensesPt I · Ln 19$137K
Total assetsPt X · Ln 16$721K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$721K
Total assetsLn 16$721K
Total liabilitiesLn 26$2K
Total net assetsLn 32$720K
Months of cash on handcomputed9.2

Statement of Revenue

Part VIII
Contributions & grants$1.1M · 99%
Investment income$6K · 1%
Contributions & grants99%$1.1M
Investment income1%$6K
Total revenueLn 12$1.1M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $721K · Operating expenses/yr $944K
9.2 months
Where the money goes
Program services
Program services $872K · Total expenses $944K
92%
Management & General
Management & general $41K · Total expenses $944K
4%
Fundraising
Fundraising $32K · Total expenses $944K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $18K · Solicited contributions (3-yr avg) $1.1M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.1M
99%
Government reliance
Government grants — · Total revenue $1.1M
—
Earned-income share
Program service revenue $0 · Total revenue $1.1M
0%
Investment reliance
Investment income $6K · Total revenue $1.1M
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $944K
0%
Growth & trend
Revenue growth (YoY)
This year $1.1M · Prior year $1.2M
-6%
Net-asset trend (YoY)
End of year $720K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.1M · Expenses $944K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $721K
—
Net-asset ratio
Net assets $720K · Total assets $721K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $721K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dwight Saunders · Reported title DIRECTOR · Highest reported compensation $71K · Total expenses $944K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $77K · Total expenses $944K
8%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 4%——
Fundraising cost ratio 3%——
Revenue growth -6%——
Legal fee ratio 0.09%——
Accounting fee ratio 2%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$71,250Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Dwight Saunders’s $60K as Director is at the 11th percentile of top reported officer pay among 1169 $1–10M international 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Dwight Saunders$59,583$71,250$68,749$55,246$58,125

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.

See The Gem Foundation executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Feeds and provides medical care for orphans in Africa.

Provided by the organization

This section is blank until The Gem Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $871K of program spending, described in the organization's own filed words · FY2023.
01

Front LINES/EMMA/GEM FOUNDATION/ARTHURS legacy provide real help and meet real needs by providing medical care, food, supplies, shelters and orphanage support

$820Kprogram expense
02

Go teams are an opportunity to love orphans with your own hugs and your own words. Go teams provide hope and forever chage the lives of both orphans and those who go. Go teams bring hope and change the lives of orphans one child at a time.

$51Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.0M$1.2M+0.5% 990 PDF
FY2024 $998K$1.1M-8% 990 PDF
FY2023 Viewing $1.1M$944K-6% 990 PDF
FY2022 $1.2M$1.0M+22% 990 PDF
FY2021 $947K$1.0M+9% 990 PDF
FY2020 $872K$793K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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