Treasured Vessels Foundation FY2023 filing

Tax-deductible

Frisco, TX501(c)(3)Human ServicesEIN 46-3947870Revenue $636K in FY2023

On file with the IRStreasuredvesselsfoundation.orgPo Box 251, 75034-0005 · Frisco, TXTax-exempt since Nov 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Treasured vessles Foundation is devoted to providing a long-term safe place for healing and growth to individuals impacted by trauma from exploitation in sex trafficking.

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

Before you give

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $84K a year · 13% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
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
5
named funders · $72K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$217K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$636K
-20% vs prior year
Spent
$742K
To programs
78%
Net assets
$450K
By yearFY2020–FY2024
Revenue
$636K
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$543K
FY2021$744K
FY2022$793K
FY2023$636K
FY2024$512K
Expenses
$742K
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$408K
FY2021$618K
FY2022$689K
FY2023$742K
FY2024$352K
Net assets
$450K
FY2023▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$369K
FY2021$496K
FY2022$556K
FY2023$450K
FY2024$612K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Nov 2014.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $576K Management & general 19% · $139K Fundraising 4% · $27K

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
CEO President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Treasured Vessels Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers safe, long-term healing and growth for trauma survivors of sex trafficking.

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Provided by the organization

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1 program · $576K · in their own filed words · FY2023
01

Treasured vessels foundation is devoted to providing a long-term safe place for healing and growth to individuals impacted by trauma from exploitation in sex trafficking..

$576Kprogram 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 · FY2024
Total grants receivedfrom 5 funders$72K
See all 5 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$636K
Ln 12
Gifts and grantsLn 1h$524K
Fees for servicesLn 2g$100K
Other incomeLn 4–11$12K
Money outPt IX
$742K
Ln 25
Programscol B$576K
Managementcol C$139K
Fundraisingcol D$27K
Owns and owesPt X
$450K
net assets · Ln 32
Cash and savingsLn 1–2$199K
Total assetsLn 16$668K
LiabilitiesLn 26$217K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$524K
Government grantsLn 1e$524K
Fundraising eventsLn 1c$26K
Fees for servicesLn 2g$100K
Other incomeLn 4–11$12K
Total revenueLn 12$636K
Assets in detailPt X, end of year
CashLn 1$199K
Cash and savings togetherLn 1–2$199K
Land, buildings, equipmentLn 10c$444K
Total assetsLn 16$668K
LiabilitiesLn 26$217K
Net assetsLn 32$450K
OperationsPt I, VI
EmployeesI 58
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 FY23End FY23
Cash and savingsLn 1–2$265K$199K
Land, buildings, equipmentLn 10c$444K$444K
Total assetsLn 16$823K$668K
LiabilitiesLn 26$260K$217K
Net assetsLn 32$563K$450K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$329K$217K$93K$19K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$29K$18K$9K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$6K$1K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$36K$30K$6K
TravelLn 17$3K$2K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$10K$10K
InterestLn 20$9K$9K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$167K$141K$25K
All other expensesLn 24e$141K$134K$520$7K
Total functional expensesLn 25$742K$576K$139K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $512K$352K$160K$612K 990 PDF
FY2023 Viewing $636K$742K−$106K$450K 990 PDF
FY2022 $793K$689K$104K$556K 990 PDF
FY2021 $744K$618K$127K$496K 990 PDF
FY2020 $543K$408K$135K$369K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $635,941 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $649,903$523,727
I-9 Program service revenuePrior year $91,477$100,116
I-10 Investment income$0
I-11 Other revenuePrior year $51,245$12,098
I-12 Total revenuePrior year $792,625$635,941
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $325,884$358,076
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $362,849$383,691
I-18 Total expensesPrior year $688,733$741,767
I-19 Revenue less expensesPrior year $103,892−$105,826
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $635,941 across 7 lines filed
VIII-1c Fundraising events$26,413
VIII-1e Government grants$523,614
VIII-1f All other contributions, gifts and grants$113
VIII-1h Total contributions, gifts and grants$523,727
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$100,116
VIII-8 Net income from fundraising events$12,098
VIII-12 Total revenue$635,941
Part IX · Statement of functional expenses $741,767 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $217,400 · Management $92,685 · Fundraising $18,925$329,010
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $18,454 · Management $9,067 · Fundraising $1,545$29,066
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 services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,353 · Management $4,307$5,660
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $30,269 · Management $5,543$35,812
IX-17 TravelPrograms $1,588 · Management $1,160$2,748
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $9,774$9,774
IX-20 InterestPrograms $9,434$9,434
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $3,000$3,000
IX-23 InsurancePrograms $9,393$9,393
IX-24 Other expenses (24a–d)Programs $141,137 · Management $25,463$166,600
IX-24e All other expensesPrograms $134,095 · Management $520 · Fundraising $6,655$141,270
IX-25 Total functional expensesPrograms $575,897 · Management $138,745 · Fundraising $27,125$741,767
Part X · Balance sheet $667,591 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $265,111$199,438
X-3 Pledges and grants receivableStart of year $110,498$21,234
X-9 Prepaid expenses and deferred chargesStart of year $2,500$2,500
X-10c Land, buildings and equipment, netStart of year $444,456$444,419
X-16 Total assetsStart of year $822,565$667,591
X-17 Accounts payable and accrued expensesStart of year $34,326$306
X-26 Total liabilitiesStart of year $259,883$217,463
X-27 Net assets without donor restrictionsStart of year $448,533$397,063
X-28 Net assets with donor restrictionsStart of year $114,149$53,065
X-32 Total net assets or fund balancesStart of year $562,682$450,128
X-33 Total liabilities and net assetsStart of year $822,565$667,591
Part XI · Reconciliation of net assets $450,128 net assets at year end
XI-1 Total revenue$635,941
XI-2 Total expenses$741,767
XI-3 Revenue less expenses−$105,826
XI-4 Net assets at start of year$562,682
XI-8 Prior period adjustments−$6,728
XI-10 Net assets at end of year$450,128

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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