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Treasure Chest FY2020 filing

Tax-deductible

Waite Park, MN501(c)(3)Since 1980 EIN 41-1377206Revenue $377K in FY2020Latest return filed Aug 18, 2026

On file with the IRSWaite Park, MNTax-exempt since Oct 1981Supporting organization — 509(a)(3)

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Provide financial support for elevate, INC., a 501(c)(3) public charity.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $35K a year · 6% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
96% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
3.4 mo
of spending, in cash
3.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$78K
29% of total assets
Liabilities are 29% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$377K
Spent
$487K
To programs
96%
Net assets
$189K
By yearFY2020–FY2025
Revenue
$377K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$377K
FY2021$679K
FY2022$599K
FY2023$651K
FY2024$696K
FY2025$751K
Expenses
$487K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$487K
FY2021$504K
FY2022$586K
FY2023$549K
FY2024$675K
FY2025$741K
Net assets
$189K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$189K
FY2021$363K
FY2022$377K
FY2023$479K
FY2024$499K
FY2025$510K

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

990 PDF Support Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1981.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $466K Management & general 4% · $21K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Jeanette Volkmuth
Store Co-Manager
$0Pt VII · Sec A
Mike Bitzan
President
$0Pt VII · Sec A
George Sjogren
Elevate Liaison
$0Pt VII · Sec A
Mark Traut
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Peg Imholte
Director
$0Pt VII · Sec A
See Treasure Chest executive salaries →

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 15aNo

Programs and updates

Sells donated goods to fund support for women facing unexpected pregnancies.

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1 program · $466K · in their own filed words · FY2020
01

Treasure chest sells used or new items both donated and on a consignment basis. Profits generated by the activity are donated to elevate, inc., a 501(c)(3) public charity.

$466Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $334K · 2020–2025
Elevate 501c3FY2025$56,500
Elevate 501(c)(3)FY2024$53,500
Elevate Pregnancy and Family Resource CenterMN · FY2023$46,000
Elevate Pregnancy and Family Resource CenterMN · FY2022$101,000
Elevate Pregnancy and Family Resource CenterMN · FY2021$36,200
Elevate Pregnancy and Family Resource CenterMN · FY2020$41,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$377K
Ln 12
Gifts and grantsLn 1h$399K
Investment incomeLn 3$99
Money outPt IX
$487K
Ln 25
Programscol B$466K
Managementcol C$21K
Owns and owesPt X
$189K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$267K
LiabilitiesLn 26$78K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$399K
Noncash giftsLn 1g$398K
Investment incomeLn 3$99
Total revenueLn 12$377K
Assets in detailPt X, end of year
CashLn 1$136K
Cash and savings togetherLn 1–2$136K
Inventories for sale or useLn 8$122K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$267K
LiabilitiesLn 26$78K
Net assetsLn 32$189K
OperationsPt I, VI
EmployeesI 531
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$398K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$179K$136K
Land, buildings, equipmentLn 10c$10K$5K
Total assetsLn 16$344K$267K
LiabilitiesLn 26$45K$78K
Net assetsLn 32$299K$189K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$41K$41K
Other salaries and wagesLn 7$226K$226K
Payroll taxesLn 10$20K$20K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$15K$4K$12K
OccupancyLn 16$143K$143K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$487K$466K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 18, 2026 $751K$741K$10K$510K 990 PDF
FY2024Filed with the IRS Apr 22, 2025 $696K$675K$21K$499K 990 PDF
FY2023Filed with the IRS May 14, 2024 $651K$549K$102K$479K 990 PDF
FY2022Filed with the IRS May 15, 2023 $599K$586K$13K$377K 990 PDF
FY2021Filed with the IRS Sep 15, 2022 $679K$504K$175K$363K 990 PDF
FY2020 ViewingFiled with the IRS Aug 23, 2021 $377K$487K−$110K$189K 990 PDF

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations
See the full FY2020 990
Part I · Summary $377,186 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $544,496$398,653
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $193$99
I-11 Other revenuePrior year $4,591−$21,566
I-12 Total revenuePrior year $549,280$377,186
I-13 Grants and similar amounts paidPrior year $61,708$41,290
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $265,606$246,450
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $232,292$199,661
I-18 Total expensesPrior year $559,606$487,401
I-19 Revenue less expensesPrior year −$10,326−$110,215
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $377,186 across 5 lines filed
Lines not itemized here account for −$21,566 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$398,653
VIII-1g Noncash contributions (included above)$398,295
VIII-1h Total contributions, gifts and grants$398,653
VIII-3 Investment incomeExcluded from tax $99$99
VIII-12 Total revenueRelated to mission −$21,566 · Unrelated business $0 · Excluded from tax $99$377,186
Part IX · Statement of functional expenses $487,401 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $41,290$41,290
IX-7 Other salaries and wagesPrograms $226,153$226,153
IX-10 Payroll taxesPrograms $20,297$20,297
IX-11b Legal feesManagement $7,499$7,499
IX-11c Accounting feesManagement $1,701$1,701
IX-12 Advertising and promotionPrograms $16,175$16,175
IX-13 Office expensesPrograms $3,539 · Management $11,956$15,495
IX-16 OccupancyPrograms $143,032$143,032
IX-22 Depreciation, depletion and amortizationPrograms $4,800$4,800
IX-23 InsurancePrograms $9,346$9,346
IX-24 Other expenses (24a–d)Programs $1,613$1,613
IX-25 Total functional expensesPrograms $466,245 · Management $21,156 · Fundraising $0$487,401
Part X · Balance sheet $267,026 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $178,945$136,140
X-8 Inventories for sale or useStart of year $151,902$121,994
X-9 Prepaid expenses and deferred chargesStart of year $4,005$4,191
X-10c Land, buildings and equipment, netStart of year $9,501$4,701
X-16 Total assetsStart of year $344,353$267,026
X-17 Accounts payable and accrued expensesStart of year $45,396$78,284
X-26 Total liabilitiesStart of year $45,396$78,284
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $298,957$188,742
X-32 Total net assets or fund balancesStart of year $298,957$188,742
X-33 Total liabilities and net assetsStart of year $344,353$267,026
Part XI · Reconciliation of net assets $188,742 net assets at year end
XI-1 Total revenue$377,186
XI-2 Total expenses$487,401
XI-3 Revenue less expenses−$110,215
XI-4 Net assets at start of year$298,957
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$188,742

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

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