Friends of Gem Theater

Nonprofit profile at a glance

EIN
844449777
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-N 2022
Location
Las Vegas, NV, USA
Phone
7022774566
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts Education

Reported finances

Revenue
$18,594
Expenses
$31,104
Assets
$1,126,999
Liabilities
$52,498

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • MELISSA CLARY (PRESIDENT/TR)

People named in this filing

  • MELISSA CLARY (PRESIDENT/TR)
  • DANIEL ROBERTS (VICE-PRESIDE)
  • COURTNEY MOONEY (ADVISORY BOA)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To renovate, reopen, operate and program the gem theater in pioche, Nevada.

What it reported doing in 2025

1.grant writing and development: author grant applications and participate in philanthropic development activities to fundraise and advocate for the gem theater's capital improvement campaign. 2.historical research: conduct research of the gem theater's historical timeline and significance to the pioche community through records, artifacts, and documentation review; authored and submitted nomination for listing of the gem theater to the national register of historic places. 3.construction management: manage pre-construction and construction activities toward property rehabilitation and reopening. 4.marketing and public relations: author digital media content to promote awareness of the gem theater's cultural significance and contributions to Nevada history; respond to media inquiries for news features of the property and project.

Operating model

Revenue model
Investment-supported. 95% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 46
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 47%; rating input score 47
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -67.3%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 36.23; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 25.1% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -138.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 0.6% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 47% of spending went to programs
  • Governance: 2 of 2 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $15K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 22/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.