Nonprofit · EIN 20-8856858
GEM FOUNDATION INC
Tax-exempt · FAR HILLS, NJ 07931
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $261,744 | $307,117 | -$45,373 | $6,138,308 | $0 | $6,138,308 |
| December 31, 2024 | 990-PF | $314,720 | $20,448 | $294,272 | $6,183,681 | $0 | $6,183,681 |
| December 31, 2023 | 990-PF | $292,327 | $353,461 | -$61,134 | $5,889,409 | $0 | $5,889,409 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,258
- Dividends
- $257,486
Expenses
- Grants and similar amounts paid
- $300,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $302,726
- Excise tax on investment income
- $3,577
Balance sheet and other
- Total assets, start of year
- $6,183,681
- Total assets, end of year
- $6,138,308
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,138,308
- Fair market value of assets
- $6,138,308
- Qualifying distributions
- $302,726
- Net investment income
- $257,486
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PUTNAM L CRAFTS JR 130 STEVENS LANE, FAR HILLS, NJ 07931 | PRESIDENT, TREASURER, & DI | 10 | $0 |
| MARCIA ZWEIG 130 STEVENS LANE, FAR HILLS, NJ 07931 | V.P & DIRECTOR | 2 | $0 |
| PATRICIA CALLAN CRAFTS 130 STEVENS LANE, FAR HILLS, NJ 07931 | SECRETARY & DIRECTOR | 2 | $0 |
| MARTHA S SPROULE 130 STEVENS LANE, FAR HILLS, NJ 07931 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PUTNAM L CRAFTS JR 130 STEVENS LANE, FAR HILLS, NJ 07931 | PRESIDENT, TREASURER, & DI | 10 | $0 |
| MARCIA ZWEIG 130 STEVENS LANE, FAR HILLS, NJ 07931 | V.P & DIRECTOR | 2 | $0 |
| PATRICIA CALLAN CRAFTS 130 STEVENS LANE, FAR HILLS, NJ 07931 | SECRETARY & DIRECTOR | 2 | $0 |
| MARTHA S SPROULE 130 STEVENS LANE, FAR HILLS, NJ 07931 | DIRECTOR | 2 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PUTNAM L CRAFTS JR 130 STEVENS LANE, FAR HILLS, NJ 07931 | PRESIDENT, TREASURER, & DI | 10 | $0 |
| MARCIA ZWEIG 130 STEVENS LANE, FAR HILLS, NJ 07931 | V.P & DIRECTOR | 2 | $0 |
| PATRICIA CALLAN CRAFTS 130 STEVENS LANE, FAR HILLS, NJ 07931 | SECRETARY & DIRECTOR | 2 | $0 |
| MARTHA S SPROULE 130 STEVENS LANE, FAR HILLS, NJ 07931 | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 130 STEVENS LN, FAR HILLS, NJ 07931-2323
- In care of
- % PUTNAM L CRAFTS JR
- Signed the 990-PF
- PUTNAM L CRAFTS JR, PRESIDENT
- Phone
- (908) 234-9219
- Return prepared by
- Olsen & Thompson PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-8856858
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $6,138,308
- Income (IRS master file)
- $261,744
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $261,744 | $307,117 | $6,138,308 | IRS |
| 990-PF | December 2024 | $314,720 | $20,448 | $6,183,681 | IRS |
| 990-PF | December 2023 | $292,327 | $353,461 | $5,889,409 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 20-8856858).
Questions about GEM FOUNDATION INC
- What is the EIN of GEM FOUNDATION INC?
- The employer identification number (EIN) of GEM FOUNDATION INC is 20-8856858.
- Is GEM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to GEM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GEM FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GEM FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEM FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of GEM FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does GEM FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $261,744, expenses of $307,117 and total assets of $6,138,308 at year end.
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