A Precious Child empowers children in need to achieve their full potential.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$199K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $165K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $108K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.2M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.7M
Spent
$11.3M
To programs
92%
Net assets
$6.7M
By yearFY2020–FY2024
Revenue
$11.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$11.7M
FY2021$12.1M
FY2022$20.2M
FY2023$15.3M
FY2024$15.9M
Expenses
$11.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$11.3M
FY2021$12.3M
FY2022$19.5M
FY2023$16.2M
FY2024$16.8M
Net assets
$6.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.7M
FY2021$6.5M
FY2022$8.1M
FY2023$7.2M
FY2024$6.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $10.4M Management & general 2% · $234K Fundraising 6% · $684K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Philanthropy Officer
$103,024Pt VII · Sec A
CEO & Founder
$95,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Carina Martin’s $331K as Co-CEO & Founder (thru 03/24) is at the 81st percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carina Martin$330,824$129,626$132,689$96,754$95,500
Eric Gleason$149,615$122,769———
Michael Painter$136,526$125,204$104,962—$103,024
James Anthony$83,247$83,711$92,234——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See A Precious Child INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering children in need to reach their full potential.

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Provided by the organization

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3 programs · $8.3M · in their own filed words · FY2020
01

Precious essentials provides clothing, coats, shoes, food, toiletries, home goods, and other essentials to children and their families struggling with poverty or emergency situations through our main resource center and 37 satellite resource centers across the denver metro area.

$6.0Mprogram expense
02

Fill a backpack program provides backpacks filled with grade-appropriate school supplies to children in need to maximize their academic potential. In 2020, fill a backpack provided backpacks to 21,768 children in need.

$1.2Mprogram expense
03

Basics 4 babies provides basic necessities such as diapers, wipes, and baby gear to families with infants who would otherwise ration these products or go without. The program also provides access to bright by three kits as a means of positively impacting early literacy skills, development, health, and safety of the children.

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 6 funders →
Grants paid · 18 grants · $815K · 2020–2024
Unitemized GrantFY2024$58,499
Unitemized GrantFY2024$49,112
Unitemized GrantFY2024$26,207
Unitemized GrantFY2024$8,238
Unitemized GrantFY2023$127,477
Unitemized GrantFY2023$35,531
Unitemized GrantFY2023$22,374
Unitemized GrantFY2023$2,356
Unitemized GrantFY2022$409,202
Unitemized GrantFY2022$31,774
Unitemized GrantFY2022$7,167
Unitemized GrantFY2022$2,902
Unitemized GrantFY2021$16,508
Unitemized GrantFY2021$5,285
Unitemized GrantFY2021$704
Unitemized GrantFY2020$4,905
Unitemized GrantFY2020$4,491
Unitemized GrantFY2020$2,580

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$11.7M
Ln 12
Gifts and grantsLn 1h$11.7M
Investment incomeLn 3$6K
Other incomeLn 4–11$5K
Money outPt IX
$11.3M
Ln 25
Programscol B$10.4M
Managementcol C$234K
Fundraisingcol D$684K
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$10.9M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.7M
Government grantsLn 1e$76K
Noncash giftsLn 1g$7.6M
Fundraising eventsLn 1c$528K
Investment incomeLn 3$6K
Other incomeLn 4–11$5K
Gains on assetsLn 7$0
Total revenueLn 12$11.7M
Assets in detailPt X, end of year
CashLn 1$673K
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$3.0M
InvestmentsLn 11–13$26K
Land, buildings, equipmentLn 10c$5.5M
Other assetsLn 15$0
Total assetsLn 16$10.9M
LiabilitiesLn 26$4.2M
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 560
VolunteersI 65,010
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.3M$3.0M
InvestmentsLn 11–13$21K$26K
Land, buildings, equipmentLn 10c$5.5M$5.5M
Total assetsLn 16$10.3M$10.9M
LiabilitiesLn 26$4.0M$4.2M
Net assetsLn 32$6.3M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$12K$12K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$96K$59K$17K$19K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.3M$785K$102K$385K
Pension plan contributionsLn 8$8K$6K$2K$559
Other employee benefitsLn 9$96K$62K$5K$29K
Payroll taxesLn 10$114K$71K$10K$34K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$59K$16K$3K$40K
Advertising and promotionLn 12$63K$45K$2K$15K
Office expensesLn 13$153K$74K$53K$25K
Information technologyLn 14$54K$35K$5K$14K
RoyaltiesLn 15$0
OccupancyLn 16$80K$73K$3K$3K
TravelLn 17$8K$5K$56$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$124K$58K$4K$62K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$87K$50K$6K$32K
InsuranceLn 23$13K$12K$595$63
Other expenses (24a–d)Ln 24$9.0M$9.0M$14K$19K
All other expensesLn 24e$19K$10K$7K$2K
Total functional expensesLn 25$11.3M$10.4M$234K$684K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15.9M$16.8M−$837K$6.5M 990 PDF
FY2023 $15.3M$16.2M−$915K$7.2M 990 PDF
FY2022 $20.2M$19.5M$753K$8.1M 990 PDF
FY2021 $12.1M$12.3M−$238K$6.5M 990 PDF
FY2020 Viewing $11.7M$11.3M$412K$6.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $11,680,082 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,804,873$11,668,425
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,037$6,287
I-11 Other revenuePrior year −$176,859$5,370
I-12 Total revenuePrior year $18,631,051$11,680,082
I-13 Grants and similar amounts paidPrior year $68,876$11,976
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,477,411$1,586,758
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,280,826$9,669,107
I-18 Total expensesPrior year $17,827,113$11,267,841
I-19 Revenue less expensesPrior year $803,938$412,241
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,680,082 across 11 lines filed
VIII-1c Fundraising events$528,344
VIII-1e Government grants$75,851
VIII-1f All other contributions, gifts and grants$11,064,230
VIII-1g Noncash contributions (included above)$7,594,346
VIII-1h Total contributions, gifts and grants$11,668,425
VIII-3 Investment incomeExcluded from tax $6,287$6,287
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,370$5,370
VIII-12 Total revenueExcluded from tax $11,657$11,680,082
Part IX · Statement of functional expenses $11,267,841 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $11,976$11,976
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $59,210 · Management $17,190 · Fundraising $19,100$95,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $784,810 · Management $102,406 · Fundraising $385,456$1,272,672
IX-8 Pension plan contributionsPrograms $5,761 · Management $1,541 · Fundraising $559$7,861
IX-9 Other employee benefitsPrograms $62,481 · Management $5,143 · Fundraising $28,770$96,394
IX-10 Payroll taxesPrograms $71,264 · Management $9,561 · Fundraising $33,506$114,331
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $16,441 · Management $2,549 · Fundraising $40,410$59,400
IX-12 Advertising and promotionPrograms $45,263 · Management $2,335 · Fundraising $15,269$62,867
IX-13 Office expensesPrograms $74,068 · Management $53,185 · Fundraising $25,360$152,613
IX-14 Information technologyPrograms $35,329 · Management $4,726 · Fundraising $14,426$54,481
IX-15 Royalties$0
IX-16 OccupancyPrograms $73,417 · Management $3,444 · Fundraising $2,786$79,647
IX-17 TravelPrograms $4,671 · Management $56 · Fundraising $3,573$8,300
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $57,900 · Management $4,326 · Fundraising $61,724$123,950
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $50,042 · Management $5,567 · Fundraising $31,837$87,446
IX-23 InsurancePrograms $12,224 · Management $595 · Fundraising $63$12,882
IX-24 Other expenses (24a–d)Programs $8,975,153 · Management $13,882 · Fundraising $19,216$9,008,251
IX-24e All other expensesPrograms $10,435 · Management $7,042 · Fundraising $1,793$19,270
IX-25 Total functional expensesPrograms $10,350,445 · Management $233,548 · Fundraising $683,848$11,267,841
Part X · Balance sheet $10,917,560 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $346,949$673,487
X-2 Savings and temporary cash investmentsStart of year $924,582$2,298,788
X-3 Pledges and grants receivableStart of year $246,640$100,185
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $3,119,705$2,218,279
X-9 Prepaid expenses and deferred chargesStart of year $95,756$81,034
X-10c Land, buildings and equipment, netStart of year $5,522,005$5,519,629
X-11 Publicly traded securitiesStart of year $21,483$26,158
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $10,277,120$10,917,560
X-17 Accounts payable and accrued expensesStart of year $80,041$104,859
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $2,950$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $3,958,105$4,185,032
X-27 Net assets without donor restrictionsStart of year $4,399,950$4,863,295
X-28 Net assets with donor restrictionsStart of year $1,919,065$1,869,233
X-32 Total net assets or fund balancesStart of year $6,319,015$6,732,528
X-33 Total liabilities and net assetsStart of year $10,277,120$10,917,560
Part XI · Reconciliation of net assets $6,732,528 net assets at year end
XI-1 Total revenue$11,680,082
XI-2 Total expenses$11,267,841
XI-3 Revenue less expenses$412,241
XI-4 Net assets at start of year$6,319,015
XI-5 Net unrealized gains (losses) on investments$1,272
XI-10 Net assets at end of year$6,732,528

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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