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Treasure Chest FY2024 filing

Tax-deductible

Waite Park, MN501(c)(3)Since 1980 EIN 41-1377206Revenue $696K in FY2024Latest 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, FY2024. 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.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
5.1 mo
of spending, in cash
5.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$76K
13% of total assets
Liabilities are 13% of assets.
Pt X · Ln 26
Independent board members
0
of 5 voting members
None of 5 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
$696K
+7% vs prior year
Spent
$675K
To programs
90%
Net assets
$499K
By yearFY2020–FY2025
Revenue
$696K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$377K
FY2021$679K
FY2022$599K
FY2023$651K
FY2024$696K
FY2025$751K
Expenses
$675K
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$487K
FY2021$504K
FY2022$586K
FY2023$549K
FY2024$675K
FY2025$741K
Net assets
$499K
FY2024▲ +4%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Support Claim
You’re viewing the FY2024 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

90 cents of each dollar spent went to programs.

Program services 90% · $607K Management & general 8% · $55K Fundraising 2% · $14K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Peg Imholte
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Cheyanne Nyquist
Store Co-Man
$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
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 · $607K · in their own filed words · FY2024
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, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1377206) · Dispute this line
$607Kprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$696K
Ln 12
Gifts and grantsLn 1h$694K
Investment incomeLn 3$2K
Money outPt IX
$675K
Ln 25
Programscol B$607K
Managementcol C$55K
Fundraisingcol D$14K
Owns and owesPt X
$499K
net assets · Ln 32
Cash and savingsLn 1–2$287K
Total assetsLn 16$575K
LiabilitiesLn 26$76K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$694K
Investment incomeLn 3$2K
Total revenueLn 12$696K
Assets in detailPt X, end of year
CashLn 1$287K
Cash and savings togetherLn 1–2$287K
Inventories for sale or useLn 8$284K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$575K
LiabilitiesLn 26$76K
Net assetsLn 32$499K
OperationsPt I, VI
EmployeesI 531
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$259K$287K
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$546K$575K
LiabilitiesLn 26$68K$76K
Net assetsLn 32$479K$499K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$54K$54K
Other salaries and wagesLn 7$332K$332K
Payroll taxesLn 10$28K$28K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$17K$3K$14K
Office expensesLn 13$4K$4K$136
OccupancyLn 16$176K$176K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$49K$49K
All other expensesLn 24e−$5K−$5K
Total functional expensesLn 25$675K$607K$55K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 18, 2026 $751K$741K$10K$510K 990 PDF
FY2024 ViewingFiled 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
FY2020Filed with the IRS Aug 23, 2021 $377K$487K−$110K$189K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $696,173 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $648,855$694,058
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,768$2,115
I-11 Other revenue$0
I-12 Total revenuePrior year $650,623$696,173
I-13 Grants and similar amounts paidPrior year $46,000$53,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $312,498$360,005
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $190,155$261,867
I-18 Total expensesPrior year $548,653$675,372
I-19 Revenue less expensesPrior year $101,970$20,801
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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 $696,173 across 4 lines filed
VIII-1f All other contributions, gifts and grants$694,058
VIII-1h Total contributions, gifts and grants$694,058
VIII-3 Investment incomeRelated to mission $2,115$2,115
VIII-12 Total revenueRelated to mission $2,115$696,173
Part IX · Statement of functional expenses $675,372 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $53,500$53,500
IX-7 Other salaries and wagesPrograms $331,759$331,759
IX-10 Payroll taxesPrograms $28,246$28,246
IX-11c Accounting feesManagement $6,738$6,738
IX-12 Advertising and promotionManagement $3,404 · Fundraising $13,618$17,022
IX-13 Office expensesPrograms $3,881 · Management $136$4,017
IX-16 OccupancyPrograms $175,582$175,582
IX-23 InsurancePrograms $14,165$14,165
IX-24 Other expenses (24a–d)Management $49,383$49,383
IX-24e All other expensesManagement −$5,040−$5,040
IX-25 Total functional expensesPrograms $607,133 · Management $54,621 · Fundraising $13,618$675,372
Part X · Balance sheet $574,791 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $258,769$286,583
X-8 Inventories for sale or useStart of year $273,562$284,386
X-10c Land, buildings and equipment, netStart of year $4,109$3,822
X-16 Total assetsStart of year $546,214$574,791
X-17 Accounts payable and accrued expensesStart of year $2,224$3,646
X-25 Other liabilitiesStart of year $65,460$72,099
X-26 Total liabilitiesStart of year $67,684$75,745
X-31 Retained earnings or endowmentStart of year $478,530$499,046
X-32 Total net assets or fund balancesStart of year $478,530$499,046
X-33 Total liabilities and net assetsStart of year $546,214$574,791
Part XI · Reconciliation of net assets $499,046 net assets at year end
XI-1 Total revenue$696,173
XI-2 Total expenses$675,372
XI-3 Revenue less expenses$20,801
XI-4 Net assets at start of year$478,530
XI-9 Other changes in net assets−$285
XI-10 Net assets at end of year$499,046

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

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