To provide a safe learning environment for pre school children of low income parents, that are working. IT also cooperates with head start and family services for security of certain children.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$47K 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

FY2024 · 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 surplus $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$47K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $43K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$49K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
-2% vs prior year
Spent
$275K
To programs
79%
Net assets
$35K
By yearFY2020–FY2024
Revenue
$240K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$198K
FY2021$329K
FY2022$328K
FY2023$244K
FY2024$240K
Expenses
$275K
FY2024▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$205K
FY2021$285K
FY2022$364K
FY2023$202K
FY2024$275K
Net assets
$35K
FY2024▼ -50%
Tap a bar for its year
Net assets by fiscal year
FY2020$20K
FY2021$64K
FY2022$28K
FY2023$70K
FY2024$35K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1996.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $216K Management & general 21% · $59K

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

6 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation
$47,089Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Michael Moore$47,089$31,364——
Francie Brown——$28,456$12,291
Anne Simmons——$4,152$3,258

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 Precious Treasures 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

Offers safe preschool learning for working low-income parents' children, partnering with Head Start.

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Provided by the organization

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1 program · $216K · in their own filed words · FY2024
01

Provide a safe learning environment for pre school children of low income parents, that are working.

$216Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$43K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Fees for servicesLn 2g$198K
Gifts and grantsLn 1h$43K
Money outPt IX
$275K
Ln 25
Programscol B$216K
Managementcol C$59K
Owns and owesPt X
$35K
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$84K
LiabilitiesLn 26$49K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Fees for servicesLn 2g$198K
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
Land, buildings, equipmentLn 10c$44K
Total assetsLn 16$84K
LiabilitiesLn 26$49K
Net assetsLn 32$35K
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$72K$40K
Land, buildings, equipmentLn 10c$4K$44K
Total assetsLn 16$76K$84K
LiabilitiesLn 26$6K$49K
Net assetsLn 32$70K$35K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$47K$47K
Other salaries and wagesLn 7$137K$137K
Payroll taxesLn 10$14K$11K$4K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$3K$3K
OccupancyLn 16$48K$48K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$2K$2K$130
Total functional expensesLn 25$275K$216K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $240K$275K−$35K$35K 990 PDF
FY2023 $244K$202K$42K$70K 990 PDF
FY2022 $328K$364K−$35K$28K 990 PDF
FY2021 $329K$285K$44K$64K 990 PDF
FY2020 $198K$205K−$6K$20K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $240,318 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,000$42,720
I-9 Program service revenuePrior year $229,074$197,598
I-10 Investment incomePrior year $3$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $244,077$240,318
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $154,459$198,002
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $48,011$77,020
I-18 Total expensesPrior year $202,470$275,022
I-19 Revenue less expensesPrior year $41,607−$34,704
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $240,318 across 4 lines filed
VIII-1f All other contributions, gifts and grants$42,720
VIII-1h Total contributions, gifts and grants$42,720
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $197,598$197,598
VIII-12 Total revenueRelated to mission $197,598 · Unrelated business $0 · Excluded from tax $0$240,318
Part IX · Statement of functional expenses $275,022 across 10 lines filed
IX-5 Pay of current officers, directors and key staffManagement $47,089$47,089
IX-7 Other salaries and wagesPrograms $136,755$136,755
IX-10 Payroll taxesPrograms $10,556 · Management $3,602$14,158
IX-11g Other fees for servicesManagement $2,745$2,745
IX-12 Advertising and promotionManagement $3,162$3,162
IX-16 OccupancyPrograms $47,853$47,853
IX-22 Depreciation, depletion and amortizationPrograms $2,885$2,885
IX-23 InsuranceManagement $2,156$2,156
IX-24 Other expenses (24a–d)Programs $16,085$16,085
IX-24e All other expensesPrograms $2,004 · Management $130$2,134
IX-25 Total functional expensesPrograms $216,138 · Management $58,884 · Fundraising $0$275,022
Part X · Balance sheet $84,168 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $71,601$40,303
X-10c Land, buildings and equipment, netStart of year $4,038$43,865
X-16 Total assetsStart of year $75,639$84,168
X-17 Accounts payable and accrued expensesStart of year $1,766$1,766
X-25 Other liabilitiesStart of year $4,183$47,416
X-26 Total liabilitiesStart of year $5,949$49,182
X-32 Total net assets or fund balancesStart of year $69,690$34,986
X-33 Total liabilities and net assetsStart of year $75,639$84,168
Part XI · Reconciliation of net assets $34,986 net assets at year end
XI-1 Total revenue$240,318
XI-2 Total expenses$275,022
XI-3 Revenue less expenses−$34,704
XI-4 Net assets at start of year$69,690
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,986

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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