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Gems Development Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464879465 ✦ Alexandria, VA ✦ Designated as a 501(c)(3)

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Overview

What is Gems Development Foundation?

Gems Development Foundation is a nonprofit organization situated in Alexandria, Virginia. With a dedicated workforce of only two individuals, this organization is committed to making a measurable impact in the developing world. They focus on providing resources for medical education, research, and the delivery of essential medical services and supplies. Their mission is to empower hope and cultivate opportunities, aiming to ensure sustainable financial security, food security, clean water, and medical care for those in need. Gems Development Foundation's programs offer long-term solutions that have been proven to work, ultimately supporting people and communities to become self-sustaining.


Official website here: www.gemsdevelopment.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)

The Gems Development Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 79%. This score is derived entirely from its performance in the Accountability & Finance category, highlighting the organization's strong financial practices. With a program expense ratio of 89.74%, the foundation effectively allocates the majority of its funds toward its programs, indicating a commitment to its mission.

The organization excels in various accountability metrics, including having a majority independent board, which consists of 80% independent members, and no material diversion of assets. It also has a well-documented board meeting process and provides access to its tax forms on its website, demonstrating transparency in its operations.

However, the foundation does have some limitations, notably the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which resulted in zero points in those areas. Addressing these gaps could enhance the organization's governance and accountability practices further.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Gems Development Foundation?

82% of users recommend Gems Development Foundation based on 45 reviews on Facebook. Here is a summary of their insights:

Many reviewers praise the organization for its commitment to fostering self-reliance and providing educational opportunities. The positive sentiment indicates that the foundation is making a meaningful impact in the community through its programs.

Overall, supporters express satisfaction with the foundation's mission and the difference it is making in the lives of individuals it serves. Many feel that it truly embodies its goal of empowering individuals through education and support.


This AI summary has been generated from reviews found on Facebook.

Is Gems Development Foundation legitimate?

Gems Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gems Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $33,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.gemsdevelopment.org

What is the mission statement of Gems Development Foundation?

The Gems Development Foundation's mission is centered around empowering hope and cultivating opportunities. They focus on bridging the gap between individuals and resources, aiming to make measurable impacts in the areas of sustainable financial security, food security, access to clean water, and medical care. Their programs provide long-term solutions that have been proven effective, supporting communities to become self-sufficient.


Official website here: www.gemsdevelopment.org

Who is the CEO of Gems Development Foundation?

Sharon Edwards is the Founder of Gems Development Foundation.


Official website here: www.gemsdevelopment.org

What is the revenue of Gems Development Foundation?

Gems Development Foundation's revenue in 2022 was $158,388.


Official website here: www.gemsdevelopment.org

Who are the executives of Gems Development Foundation and what are their salaries?

The average compensation at Gems Development Foundation during 2022 was $16,800. There are 2 employees and 12 volunteers at Gems Development Foundation.


Here are 9 key members and their salaries:


Ellen Ratner (Founder)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrin Peterson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Cholene Espinoza (Vp Medical Programs)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Lierman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheron O'Brien-Skinner (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederic And Shari Soward (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Edwards (Executive Director)
  • Compensation: $33,600
  • Related: $0
  • Other: $0
M Sean Purcell (Legal Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Calum Macpherson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gemsdevelopment.org

Where can I find the form 990 for Gems Development Foundation?

Gems Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gemsdevelopment.org

Learn more at the official website: www.gemsdevelopment.org

Mission Statement of Gems Development Foundation

The Gems Development Foundation, with its mission statement "Empowering Hope. Cultivating Opportunity," focuses on connecting individuals in need with resources that can bring about sustainable improvements in financial security, food security, access to clean water, and medical care. The organization's programs are designed to deliver long-term solutions that have been proven effective in helping communities and people become self-sufficient. By providing these resources, the Gems Development Foundation aims to make a measurable impact on the lives of those it serves.

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Impact




October, 2024

Gems Development Foundation significantly impacts communities by connecting individuals in need with essential resources that promote sustainable improvement in their lives. Their focus on financial security, food security, clean water, and medical care ensures that people receive comprehensive support tailored to their most critical needs.

The foundation’s initiatives to deliver medical services and education play a crucial role in improving health outcomes in developing regions. By providing essential medical supplies and training, Gems empowers healthcare professionals and increases access to vital health services. This commitment not only enhances individual health but also fosters community resilience.

Through effective resource allocation, Gems Development Foundation cultivates opportunities that lead to self-sustaining communities. Their programs are designed to create long-term solutions that address the root causes of poverty and health disparities, thereby fostering a cycle of empowerment that enables individuals to thrive.




This information is meant to be a general summary of Gems Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$158,388 (2022)
Expenses
$154,562 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $158,388

Assets and Liabilities:

  • Total Assets: $71,851
  • Total Liabilities: $0
  • Net Assets: $71,851

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Organization Details

Founding Year

2014

Principal Officer

Sharon Edwards

Main Address

205 YOAKUM PARKWAY 519, ALEXANDRIA, VA, 22304

NTEE Category

Code: P20 - Human services

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