Nonprofit · EIN 82-5351981
GEM LEGACY INC
Tax-exempt · ROYAL OAK, MI 48073
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $217,760 | $145,872 | $71,888 | $389,462 | $26,954 | $362,508 |
| December 31, 2023 | 990-EZ | $173,897 | $91,163 | $82,734 | $291,739 | – | $291,739 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $217,760
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $90,634
- Other salaries and wages
- $10,328
- Salaries, compensation and benefits (total)
- $10,328
- Professional fundraising fees
- $0
- Legal fees
- $907
- Accounting fees
- $1,916
- Occupancy
- $318
- Travel
- $12,548
- Depreciation
- $18,000
- Program services (functional)
- $143,049
- Management and general (functional)
- $2,823
Balance sheet and other
- Total assets, start of year
- $291,739
- Total assets, end of year
- $389,462
- Total liabilities, end of year
- $26,954
- Net assets, end of year
- $362,508
- Land, buildings and equipment
- $27,000
- Gross receipts
- $217,760
- Employees
- 2
- Year formed
- 2018
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL DERY MERISHEKI | SECRETARY Officer | 10 | $3,070 |
| ROGER DERY | EXECUTIVE DI Officer | – | $0 |
| VIRGINIA DERY | TREASURER Officer | – | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROGER DERY | EXECUTIVE DI | 0 | $0 |
| VIRGINIA DERY | TREASURER | 0 | $0 |
| RACHEL DERY MERISHEKI | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4253 COOLIDGE HWY, ROYAL OAK, MI 48073-1639
- Mailing address (990-N for 2021)
- 4253 COOLIDGE HWY, ROYAL OAK MI 48073
- Principal officer (990 for 2024)
- RACHEL DERY MERISHEKI, 4253 COOLIDGE HWY, ROYAL OAK, MI 48073
- Principal officer (990-N for 2021)
- RACHEL DERY MERISHEKI, 4253 COOLIDGE HWY, ROYAL OAK MI 48073
- Signed the 990
- RACHEL DERY MERISHEKI, SECRETARY
- Phone
- (248) 545-3546
- Website
- WWW.GEMLEGACY.ORG
- Return prepared by
- KUDERIK & ASSOCIATES PLLC
Mission
EXPAND THE NATURAL BENEFICIATION OF GEMSTONE MINING ON THE SURROUNDING COMMUNITY THROUGH KIDS, EDUCATION, AND ENTREPRENEURSHIP
Program accomplishments
- EXPAND THE NATURAL BENEFICIATION OF GEMSTONE MINING ON THE SURROUNDING COMMUNITY THROUGH KIDS, EDUCATION, AND ENTREPRENEURSHIPExpenses $121,534 · grants $90,634
- EXPAND THE NATURAL BENEFICIATION OF GEMSTONE MINING ON THE SURROUNDING COMMUNITY THROUGH KIDS, EDUCATION AND ENTREPRENEURSHIP.Expenses $21,515
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-5351981
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P58)
- Assets (IRS master file)
- $389,462
- Income (IRS master file)
- $217,760
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $217,760 | $145,872 | $389,462 | IRS |
| 990-EZ | December 2023 | $173,897 | $91,163 | $291,739 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: RACHEL DERY MERISHEKI | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: ROGER DERY | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: RACHEL DERY | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-5351981).
Questions about GEM LEGACY INC
- What is the EIN of GEM LEGACY INC?
- The employer identification number (EIN) of GEM LEGACY INC is 82-5351981.
- Is GEM LEGACY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to GEM LEGACY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEM LEGACY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GEM LEGACY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEM LEGACY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GEM LEGACY INC?
- The 990 for the year ended December 31, 2024 names RACHEL DERY MERISHEKI.
- Who are the officers and directors of GEM LEGACY INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $3,070 (RACHEL DERY MERISHEKI, SECRETARY).
- How much revenue does GEM LEGACY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $217,760, expenses of $145,872 and total assets of $389,462 at year end.
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