Gem Prep Twin Falls LLC FY2022 filing

Tax-deductible

Deary, ID501(c)(3)EducationEIN 86-3696173Revenue $28K in FY2022

On file with the IRSgemprep.orgPo Box 86, 83823-0086 · Deary, IDTax-exempt since Feb 2022School — 170(b)(1)(A)(ii)

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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.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $40K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $574K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$460K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28K
Spent
$28K
To programs
0%
Net assets
$389
By yearFY2022–FY2025
Revenue
$28K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$28K
FY2023$785K
FY2024$2.3M
FY2025$3.3M
Expenses
$28K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$28K
FY2023$717K
FY2024$2.5M
FY2025$3.3M
Net assets
$389
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$389
FY2023$68K
FY2024−$95K
FY2025−$149K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $28K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Gem Prep Twin Falls LLC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Prepares students for college and technical careers with personalized, rigorous education and technology.

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1 program · in their own filed words · FY2021
01

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.

Pt IX · col B

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 · FY2023
Bluum INCFY2023$574K
Total grants receivedfrom 1 funder$574K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$28K
Ln 12
Gifts and grantsLn 1h$28K
Money outPt IX
$28K
Ln 25
Managementcol C$28K
Owns and owesPt X
$389
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$460K
LiabilitiesLn 26$460K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Gains on assetsLn 7$0
Total revenueLn 12$28K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$0
Cash and savings togetherLn 1–2$12K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$448K
Other assetsLn 15$0
Total assetsLn 16$460K
LiabilitiesLn 26$460K
Net assetsLn 32$389
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$12K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$448K
Total assetsLn 16$0$460K
LiabilitiesLn 26$0$460K
Net assetsLn 32$0$389
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$28K$28K
All other expensesLn 24e$0
Total functional expensesLn 25$28K$0$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$3.3M−$54K−$149K 990 PDF
FY2024 $2.3M$2.5M−$176K−$95K 990 PDF
FY2023 $785K$717K$68K$68K 990 PDF
FY2022 Viewing $28K$28K$389$389 990 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
See the full FY2022 990 (6 parts)
Part I · Summary $28,171 revenue, 12 lines filed
I-8 Contributions and grants$28,171
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$28,171
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$27,782
I-18 Total expenses$27,782
I-19 Revenue less expenses$389
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $28,171 across 8 lines filed
VIII-1f All other contributions, gifts and grants$28,171
VIII-1h Total contributions, gifts and grants$28,171
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$28,171
Part IX · Statement of functional expenses $27,782 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $27,782$27,782
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $27,782 · Fundraising $0$27,782
Part X · Balance sheet $460,389 assets, 17 lines filed
X-1 Cash, non-interest-bearing$12,311
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$448,078
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $0$460,389
X-26 Total liabilitiesStart of year $0$460,000
X-27 Net assets without donor restrictions$389
X-32 Total net assets or fund balancesStart of year $0$389
X-33 Total liabilities and net assetsStart of year $0$460,389
Part XI · Reconciliation of net assets $389 net assets at year end
XI-1 Total revenue$28,171
XI-2 Total expenses$27,782
XI-3 Revenue less expenses$389
XI-10 Net assets at end of year$389

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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