Nonprofit · EIN 20-2016199
GEM FOUNDATION
Tax-exempt · KALISPELL, MT 59903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990-PF | $113,095 | $64,592 | $48,503 | $3,053,105 | $0 | $3,053,105 |
| November 30, 2024 | 990-PF | $84,232 | $177,216 | -$92,984 | $2,660,339 | $10,000 | $2,650,339 |
| November 30, 2023 | 990-PF | $4,491 | $195,438 | -$190,947 | $2,422,960 | $10,000 | $2,412,960 |
Financial details: 990-PF for the year ended November 30, 2025
Revenue
- Dividends
- $55,170
- Net gain from sales of assets
- $57,925
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $4,690
- Excise tax on investment income
- $752
Balance sheet and other
- Total assets, start of year
- $2,660,339
- Total assets, end of year
- $3,053,105
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,053,105
- Fair market value of assets
- $3,053,105
- Qualifying distributions
- $4,690
- Net investment income
- $113,095
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN A MERCALDO PO BOX 5069, KALISPELL, MT 59903 | CEO | 10 | $0 |
| GIANNA DIGIOVANNI PO BOX 5069, KALISPELL, MT 59903 | CFO | 5 | $0 |
| JANINE SCHOOLEY PO BOX 5069, KALISPELL, MT 59903 | DIRECTOR | 10 | $0 |
990-PF for the year ended November 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN A MERCALDO PO BOX 5069, KALISPELL, MT 59903 | CEO | 10 | $0 |
| GIANNA DIGIOVANNI PO BOX 5069, KALISPELL, MT 59903 | CFO | 5 | $0 |
| JANINE SCHOOLEY PO BOX 5069, KALISPELL, MT 59903 | DIRECTOR | 10 | $0 |
990-PF for the year ended November 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN A MERCALDO PO BOX 5069, KALISPELL, MT 59903 | CEO | 10 | $0 |
| GIANNA DIGIOVANNI PO BOX 5069, KALISPELL, MT 59903 | CFO | 5 | $0 |
| JANINE SCHOOLEY PO BOX 5069, KALISPELL, MT 59903 | DIRECTOR | 10 | $0 |
| DOMINIC MERCALDO PO BOX 5069, KALISPELL, MT 59903 | DIRECTOR (THRU 12/22) | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5069, KALISPELL, MT 59903-5069
- In care of
- % KAREN MERCALDO
- Signed the 990-PF
- KAREN MERCALDO, CEO
- Phone
- (858) 344-2736
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | 990-PF on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990-PF on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-2016199
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2006
- Accounting year ends
- November
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $3,053,105
- Income (IRS master file)
- $317,336
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | November 2025 | $113,095 | $64,592 | $3,053,105 | XML |
| 990-PF | November 2024 | $84,232 | $177,216 | $2,660,339 | XML |
| 990-PF | November 2023 | $4,491 | $195,438 | $2,422,960 | XML |
| 990-PF | November 2022 | – | – | – | IRS |
| 990-PF | November 2021 | – | – | – | IRS |
| 990-PF | November 2020 | – | – | – | IRS |
| 990-PF | November 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2016199).
Questions about GEM FOUNDATION
- What is the EIN of GEM FOUNDATION?
- The employer identification number (EIN) of GEM FOUNDATION is 20-2016199.
- Is GEM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to GEM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does GEM FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GEM FOUNDATION due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended November 2025.
- Who are the officers and directors of GEM FOUNDATION?
- The 990-PF for the year ended November 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GEM FOUNDATION have?
- On its 990-PF for the year ended November 30, 2025 it reported revenue of $113,095, expenses of $64,592 and total assets of $3,053,105 at year end.
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