Overview
What is Gem Prep Online Llc?
Gem Prep Online Llc is a nonprofit organization situated in Deary, Idaho. Their primary mission is to support parents who have chosen to educate their children in a personalized, blended learning environment. They achieve this by delivering a high-quality, customized, relevant, and rigorous education through exceptional teaching, innovative technology integration, and family partnerships. With a team of 61 dedicated individuals, Gem Prep Online Llc is committed to preparing students for success in college and professional technical careers.
Official website here: www.gemprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
Gem Prep Online LLC has received a low rating of 56%, indicating significant concerns regarding its financial management and accountability. The organization has strengths in governance, with a fully independent board and comprehensive policies in place, such as conflict of interest and whistleblower protections. These aspects demonstrate a commitment to transparency and ethical oversight.
However, the nonprofit faces critical weaknesses in its financial performance, particularly highlighted by a program expense ratio of only 36.13%, suggesting that a minimal portion of its budget is directed towards its programs. Additionally, the organization has not posted its tax form on its website, which is a requirement for transparency. The liabilities to assets ratio is also concerning, sitting at a high 3.36%, raising questions about overall financial health and sustainability.
Overall, while Gem Prep Online LLC shows promise in its governance structure, its financial metrics reveal areas that require significant improvement to enhance accountability and mission effectiveness. Without addressing these issues, it may struggle to gain trust from donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Gem Prep Online Llc legitimate?
Gem Prep Online Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gem Prep Online Llc 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: $281,909
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,008,216
For more financial information, click here
Official website here: www.gemprep.org
What is the mission statement of Gem Prep Online Llc?
Gem Prep Online LLC's mission is centered around preparing students for success in higher education and professional technical careers. This is achieved by offering a high-quality, personalized, relevant, and rigorous education. The approach involves exceptional teaching, innovative technology usage, and strong partnerships with families. The organization also provides resources and support to parents who have chosen to educate their children in a personalized, blended learning environment.
Official website here: www.gemprep.org
Who is the CEO of Gem Prep Online Llc?
Dennis Turner is the Director of Gem Prep Online Llc.
Official website here: www.gemprep.org
What is the revenue of Gem Prep Online Llc?
Gem Prep Online Llc's revenue in 2023 was $4,788,325.
Official website here: www.gemprep.org
Who are the executives of Gem Prep Online Llc and what are their salaries?
The average compensation at Gem Prep Online Llc during 2023 was $53,936. There are 61 employees at Gem Prep Online Llc.
Here are 8 key members and their salaries:
- Compensation: $160,409
- Related: $0
- Other: $0
- Compensation: $121,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gemprep.org
Where can I find the form 990 for Gem Prep Online Llc?
Gem Prep Online Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gemprep.org
Learn more at the official website: www.gemprep.org
Mission Statement of Gem Prep Online Llc
Gem Prep Online LLC is committed to helping students achieve success in higher education and professional technical careers. They accomplish this mission by offering a top-notch, customized, relevant, and demanding educational experience through exceptional teaching methods, innovative technology use, and collaborative partnerships with families. In essence, Gem Prep Online LLC provides essential resources and support to parents who have chosen to educate their children in a personalized, blended learning environment. This approach ensures that each student receives the individual attention and instruction they need to thrive, ultimately setting them up for success in their future academic and professional pursuits.
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Impact
July, 2024
Gem Prep Online Llc's impact lies in its dedication to preparing 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, Gem Prep Online Llc aims to equip students with the skills and knowledge they need to thrive in their future endeavors. By providing resources and support to parents who have chosen personalized, blended learning environments for their children, Gem Prep Online Llc is making a significant impact on the educational landscape, helping students reach their full potential and achieve their academic and professional goals.
This information is meant to be a general summary of Gem Prep Online Llc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $139,350
- Program Service Revenue: $1,103,976
- Gross Receipts: $4,788,325
Assets and Liabilities:
- Total Assets: $5,394,161
- Total Liabilities: $181,486
- Net Assets: $5,212,675
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER LOCAL REVENUE
Revenue
$1,103,976
Organization Details
Founding Year
2019
Phone
(800) 871-5057Principal Officer
Dennis Turner
Main Address
PO BOX 86, DEARY, ID, 83823
Website
www.gemprep.orgNTEE Category
Code: B29 - Education
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