GEMS SEVA

EIN: 932418914 501(c)(3) Human Services

PLANO, TX

Total Revenue
$53,874
Total Expenses
$81,696
Total Assets
$104,049
Net Assets
$103,836
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
TX
Principal Officer
KISHORE P KUMAR
Phone
4144367872
Tax Period
2024-01-01 to 2024-12-31

GEMS SEVA, founded in 2023, is a micro nonprofit in the Human Services sector that reported $54K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $82K exceeded revenue, resulting in a 52% operating deficit.

Mission

GEMS SEVA- MISSION IS TO HARNESS THE RESOURCES, GOODWILL AND EXPERTISE OF THE DIASPORA AND WIDER GLOBAL COMMUNITY TO SUPPORT PHILANTHROPIC PROJECTS AND CAUSES IN INDIA AND ELSEWHERE, GLOBALLY THAT HELP UPLIFT UNDERPRIVILEGED COMMUNITIES, PROMOTE EDUCATION, ENSURE HEALTH AND WELL-BEING, AND ENHANCE OPPORTUNITIES FOR ALL. OUR MOTIVATION IS DRAWN FROM GEMS MISSIONS IMPACT IN INDIA, THIS IS COMMON AMONG PEOPLE DRAWN TO COME TOGETHER TO SERVE IN THE USA AND HENCE THE NAME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $53,855
Program Service Revenue $0
Investment Income $19
Other Revenue $0
TOTAL REVENUE $53,874

Expense Breakdown

Grants Paid $70,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $78,776
Other Expenses $11,696
TOTAL EXPENSES $81,696

Year-over-Year Comparison

2024 2023 Change
Revenue $53,874 $132,429 -0.6%
Expenses $81,696 $771 +105.0%
Net Income $-27,822 $131,658 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
173

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KISHORE P KUMAR DIRECTOR 2.00
Officer
$0 $0 $0
ALEX A LGNATIUS DIRECTOR 2.00
$0 $0 $0
JOHN BRITTO SANDANAM DIRECTOR 2.00
$0 $0 $0
JAYANTHI PHILIP DIRECTOR 2.00
$0 $0 $0
JEEN R BENNET DIRECTOR 2.00
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $53,874 $81,696 $104,049 $-27,822
2024 No data No data No data No data
2023 $132,429 $771 $131,658 $131,658
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