Gemstone Foundation in Wildomar, California (CA)
Table of contents:
| Gemstone Foundation | |
| Employer Identification Number (EIN) | 680485452 |
| Name of Organization | Gemstone Foundation |
| In Care of Name | Robert Hoffman |
| Address | 34301 The Farm Road, Wildomar, CA 92595 |
| Website | http://www.gemstonefoundation.org |
| Subsection | Scientific Organization, Charitable Organization |
| Ruling Date | 07/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 2008 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $27,012 |
| Amount of Income | $55,659 |
| Form 990 Revenue Amount | $55,659 |
| National Taxonomy of Exempt Entities (NTEE) | Medical Research: Eye Research |
Non-representatives - add comments:
Amount of income in 2008: $55,659 (it was $55,659 in 2013)
| Gemstone Foundation: | $55,659 |
| Other organizations performing similar types of work: | $105,374 |
Assets in 2008: $27,012 (it was $27,012 in 2013)
| Gemstone Foundation: | $27,012 |
| Other organizations performing similar types of work: | $100,080 |
Expenses in 2013: $58,896
| Gemstone Foundation: | $58,896 |
| Other organizations performing similar types of work: | $65,058 |
Income to expenses ratio in 2013: 0.9
| Gemstone Foundation: | 0.9 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 0.0%
| Gemstone Foundation: | 0.0% |
| Other organizations performing similar types of work: | 91.4% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $45,855 | $55,659 | |
| Contributions, gifts, grants, and similar amounts received | $1,668 | $0 | |
| Program service revenue including government fees and contracts | $44,187 | $55,659 | |
| Membership dues and assessments | $0 | $0 | |
| Investment income | $0 | $0 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $0 | $0 | |
| Total expenses | $37,442 | $58,896 | |
| Total net assets | $33,673 | $24,171 | |
| Excess/Deficit for the year | $8,413 | $-3,237 | |
| Net assets or fund balances at beginning of year | $25,732 | $33,673 | |
| Other changes in net assets or fund balances | $-472 | $-6,265 | |
| Net assets or fund balances at end of year | $33,673 | $24,171 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $26,741 | $33,673 | $27,012 |
| Total liabilities | $1,009 | $0 | $2,841 |
| Net assets or fund balances | $33,673 | $24,171 | |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $736,567 |
| Subtotal Support | $736,567 |
| Gifts, grants, contributions, and membership fees received | $736,567 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $736,567 |
| Public Support | $736,567 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vision Research Ropard Foundation | 39650 Orchard Hill Pl Ste 200, Novi, MI 48375-5391 | MI | 2006-06 | $1,138,053 |
| 2 | Tear Film And Ocular Surface Society Inc | 120 Fulton St Apt 2c, Boston, MA 02109-1447 | MA | 2003-04 | $833,557 |
| 3 | Reorganized Cleveland Eye-Bank Inc | 6700 Euclid Avenue, Cleveland, OH 44103-3956 | OH | 2014-07 | $786,042 |
| 4 | Lowy Medical Research Institute Inc | 3366 N Torrey Pines Ct Ste 300, La Jolla, CA 92037-1025 | CA | 2015-03 | $500,001 |
| 5 | California Council Of The Blind | 1303 J St Ste 400, Sacramento, CA 95814-2900 | CA | 1945-10 | $410,803 |
| 6 | Tarrant Eye Resources Inc | 1307 8th Ave Ste M2, Fort Worth, TX 76104-4137 | TX | 2007-05 | $407,682 |
| 7 | Neurological Health International, Dba Sight Surgery International | PO BOX 5339, Santa Barbara, CA 93150-5339 | CA | 2006-09 | $336,243 |
| 8 | Pediatric Vision Research And Diagnostic Center | 321 South Henderson Street, Fort Worth, TX 76104 | TX | 2011-01 | $250,407 |
| 9 | Strabismus Research Foundation | 37 Avon Ave, Mill Valley, CA 94941-1360 | CA | 2014-07 | $157,026 |
| 10 | Wright Foundation For Pediatric Ophthalmology And Strabismus | 520 S San Vicente Blvd, Los Angeles, CA 90048-4616 | CA | 2002-07 | $125,701 |
| 11 | California Retina Research Foundation | 515 E Micheltorena St, Santa Barbara, CA 93103-2257 | CA | 2003-03 | $107,222 |
| 12 | Jackson Orthopaedic Foundation | 3317 Elm St Ste 201, Oakland, CA 94609-3053 | CA | 1999-08 | $78,749 |
| 13 | Gemstone Foundation | 34301 The Farm Road, Wildomar, CA 92595 | CA | 2003-07 | $55,659 |
| 14 | Precise Vision Enhancement Non-Profit Foundation | PO BOX 25876, Fresno, CA 93729-5876 | CA | 2005-06 | $1,650 |
| 15 | Advanced Vision Research Inc | 465 N Roxbury Drive Suite 902, Beverly Hills, CA 90210 | CA | 2003-08 | $0 |
| 16 | California Visual Research Foundation Inc | 14414 Oak Street B, Saratoga, CA 95070 | CA | 2009-05 | $0 |
| 17 | Foundation For Retinal Regeneration | 42 Whitman Court, Irvine, CA 92697 | CA | 2012-09 | $0 |
| 18 | Glaucoma Institute Of Beverly Hills Research Foundation Inc | 8733 Beverly Blvd, Los Angeles, CA 90048 | CA | 2003-10 | $0 |
| 19 | Kay Cataldo Memorial Better Vision For Children Foundation | 19401a Diamond Ct, Cerritos, CA 90713 | CA | 1997-02 | $0 |
| 20 | Molecular Insight Research Foundation | 8635 West 3rd St Ste 395 W, Los Angeles, CA 90048 | CA | 2007-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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