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Treasure Chest FY2021 filing

Tax-deductible

Waite Park, MN501(c)(3)Since 1980 EIN 41-1377206Revenue $679K in FY2021Latest 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.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1377206) · Dispute this line
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

FY2021 · 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
6.1 mo
of spending, in cash
6.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$61K
14% of total assets
Liabilities are 14% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 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
$679K
+80% vs prior year
Spent
$504K
To programs
96%
Net assets
$363K
By yearFY2020–FY2025
Revenue
$679K
FY2021▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$377K
FY2021$679K
FY2022$599K
FY2023$651K
FY2024$696K
FY2025$751K
Expenses
$504K
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$487K
FY2021$504K
FY2022$586K
FY2023$549K
FY2024$675K
FY2025$741K
Net assets
$363K
FY2021▲ +93%
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

990 PDF Support Claim
You’re viewing the FY2021 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% · $483K Management & general 4% · $22K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Peg Imholte
Director
$0Pt VII · Sec A
Cheyanne Nyquist
Store Co-Man
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
George Sjogren
Elevate Liai
$0Pt VII · Sec A
Mark Traut
Director
$0Pt VII · Sec A
Mike Bitzan
President
$0Pt VII · Sec A
$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 · $483K · in their own filed words · FY2021
01

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1377206) · Dispute this line
$483Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$679K
Ln 12
Gifts and grantsLn 1h$571K
Other incomeLn 4–11$108K
Investment incomeLn 3$160
Money outPt IX
$504K
Ln 25
Programscol B$483K
Managementcol C$22K
Owns and owesPt X
$363K
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$424K
LiabilitiesLn 26$61K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$571K
Noncash giftsLn 1g$563K
Investment incomeLn 3$160
Other incomeLn 4–11$108K
Total revenueLn 12$679K
Assets in detailPt X, end of year
CashLn 1$255K
Cash and savings togetherLn 1–2$255K
Inventories for sale or useLn 8$165K
Prepaid expenses and deferred chargesLn 9$4K
Total assetsLn 16$424K
LiabilitiesLn 26$61K
Net assetsLn 32$363K
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$563K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$136K$255K
Total assetsLn 16$267K$424K
LiabilitiesLn 26$78K$61K
Net assetsLn 32$189K$363K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K$36K
Other salaries and wagesLn 7$245K$245K
Payroll taxesLn 10$22K$22K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$8K$2K$6K
OccupancyLn 16$162K$162K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e−$27K−$27K
Total functional expensesLn 25$504K$483K$22K$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
FY2021 ViewingFiled with the IRS Sep 15, 2022 $679K$504K$175K$363K 990 PDF
FY2020Filed 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 FY2021 990
Part I · Summary $678,832 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $398,653$570,822
I-9 Program service revenue$0
I-10 Investment incomePrior year $99$160
I-11 Other revenuePrior year −$21,566$107,850
I-12 Total revenuePrior year $377,186$678,832
I-13 Grants and similar amounts paidPrior year $41,290$36,216
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $246,450$267,050
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $199,661$200,856
I-18 Total expensesPrior year $487,401$504,122
I-19 Revenue less expensesPrior year −$110,215$174,710
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $678,832 across 7 lines filed
VIII-1a Federated campaigns$562,548
VIII-1f All other contributions, gifts and grants$8,274
VIII-1g Noncash contributions (included above)$562,548
VIII-1h Total contributions, gifts and grants$570,822
VIII-3 Investment incomeRelated to mission $160$160
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $107,850$107,850
VIII-12 Total revenueRelated to mission $108,010$678,832
Part IX · Statement of functional expenses $504,122 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $36,216$36,216
IX-7 Other salaries and wagesPrograms $245,412$245,412
IX-10 Payroll taxesPrograms $21,638$21,638
IX-11c Accounting feesManagement $4,284$4,284
IX-12 Advertising and promotionManagement $20,058$20,058
IX-13 Office expensesPrograms $2,255 · Management $5,501$7,756
IX-16 OccupancyPrograms $161,757$161,757
IX-22 Depreciation, depletion and amortizationPrograms $4,701$4,701
IX-23 InsurancePrograms $10,599$10,599
IX-24 Other expenses (24a–d)Management $18,552$18,552
IX-24e All other expensesManagement −$26,851−$26,851
IX-25 Total functional expensesPrograms $482,578 · Management $21,544 · Fundraising $0$504,122
Part X · Balance sheet $424,372 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $136,140$255,037
X-8 Inventories for sale or useStart of year $121,994$164,963
X-9 Prepaid expenses and deferred chargesStart of year $4,191$4,372
X-16 Total assetsStart of year $267,026$424,372
X-17 Accounts payable and accrued expensesStart of year $78,284$60,920
X-26 Total liabilitiesStart of year $78,284$60,920
X-31 Retained earnings or endowmentStart of year $188,742$363,452
X-32 Total net assets or fund balancesStart of year $188,742$363,452
X-33 Total liabilities and net assetsStart of year $267,026$424,372
Part XI · Reconciliation of net assets $363,452 net assets at year end
XI-1 Total revenue$678,832
XI-2 Total expenses$504,122
XI-3 Revenue less expenses$174,710
XI-4 Net assets at start of year$188,742
XI-10 Net assets at end of year$363,452

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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