Boulder Treasures INC FY2022 filing

Boulder, COUnknown exempt organization EIN 46-4099034Revenue $627K in FY2022

On file with the IRSbouldertreasures.org1638 Pearl Street · Boulder, CO

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Create pathways to purpose and community for adults with developmental disabilities

88¢ of each $1 spent went to programs.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 4
filings with a surplus
Average deficit $102K a year · 26% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $283K in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $283K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $44
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$44K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$627K
+3% vs prior year
Spent
$671K
To programs
88%
Net assets
$522K
By yearFY2021–FY2024
Revenue
$627K
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$606K
FY2022$627K
FY2023$351K
FY2024−$13K
Expenses
$671K
FY2022▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2021$450K
FY2022$671K
FY2023$511K
FY2024$349K
Net assets
$522K
FY2022▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021$565K
FY2022$522K
FY2023$362K
FY2024$0

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $588K Management & general 11% · $72K Fundraising 2% · $11K

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

10 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$29,941Pt VII · Sec A
Chair-President/CEO
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Boulder 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps adults with developmental disabilities find purpose and community connections.

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Provided by the organization

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2 programs · $588K · in their own filed words · FY2021
01

Independent, Sustainable Employment in the Community

Ramble opportunities operates a job training apprentice program within our retail stores - ramble on pearl and ramble marketplace. Our program showcases the employability of our apprentices to future employers, while enhancing our customers' awareness of the ability of individuals with intellectual and developmental disabilities to…

$563Kprogram expense
02

Community Engagement

Ramble community connections provides a broad range of services to individuals with intellectual and developmental disabilities living on their own within an affordable housing apartment project.

$25Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$44
Grants paid · 2 grants · $194K · 2023–2023

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$627K
Ln 12
Fees for servicesLn 2g$407K
Gifts and grantsLn 1h$220K
Investment incomeLn 3$1K
Money outPt IX
$671K
Ln 25
Programscol B$588K
Managementcol C$72K
Fundraisingcol D$11K
Owns and owesPt X
$522K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$566K
LiabilitiesLn 26$44K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$220K
Government grantsLn 1e$38K
Noncash giftsLn 1g$28K
Fees for servicesLn 2g$407K
Investment incomeLn 3$1K
Gains on assetsLn 7−$1K
Total revenueLn 12$627K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$20K
InvestmentsLn 11–13$283K
Land, buildings, equipmentLn 10c$69K
Other assetsLn 15$7K
Total assetsLn 16$566K
LiabilitiesLn 26$44K
Net assetsLn 32$522K
OperationsPt I, VI
EmployeesI 519
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$58K$20K
InvestmentsLn 11–13$329K$283K
Land, buildings, equipmentLn 10c$36K$69K
Total assetsLn 16$600K$566K
LiabilitiesLn 26$35K$44K
Net assetsLn 32$565K$522K
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$263K$239K$24K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$3K$3K$208
Payroll taxesLn 10$22K$20K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$522$522
Other fees for servicesLn 11g$16K$7K$10K
Advertising and promotionLn 12$6K$2K$2K$3K
Office expensesLn 13$34K$26K$7K$411
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$121K$119K$2K
TravelLn 17$10K$2K$777$7K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$678$678
Other expenses (24a–d)Ln 24$167K$158K$7K$1K
All other expensesLn 24e$309$300$9
Total functional expensesLn 25$671K$588K$72K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest −$13K$349K−$362K$0 990 PDF
FY2023 $351K$511K−$160K$362K 990 PDF
FY2022 Viewing $627K$671K−$43K$522K 990 PDF
FY2021 $606K$450K$156K$565K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $627,363 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $320,779$219,767
I-9 Program service revenuePrior year $281,356$406,531
I-10 Investment incomePrior year $4,019$1,065
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $606,154$627,363
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 $189,740$288,635
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $260,147$382,008
I-18 Total expensesPrior year $449,887$670,643
I-19 Revenue less expensesPrior year $156,267−$43,280
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $627,363 across 11 lines filed
VIII-1e Government grants$37,999
VIII-1f All other contributions, gifts and grants$181,768
VIII-1g Noncash contributions (included above)$28,490
VIII-1h Total contributions, gifts and grants$219,767
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $406,531$406,531
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,345$2,345
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,280−$1,280
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $406,531 · Unrelated business $0 · Excluded from tax $1,065$627,363
Part IX · Statement of functional expenses $670,643 across 31 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 $239,210 · Management $23,878$263,088
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $3,151 · Management $208$3,359
IX-10 Payroll taxesPrograms $19,642 · Management $2,546$22,188
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $15,153$15,153
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $522$522
IX-11g Other fees for servicesPrograms $6,554 · Management $9,550$16,104
IX-12 Advertising and promotionPrograms $1,649 · Management $2,011 · Fundraising $2,624$6,284
IX-13 Office expensesPrograms $25,703 · Management $7,416 · Fundraising $411$33,530
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $119,488 · Management $1,594$121,082
IX-17 TravelPrograms $2,066 · Management $777 · Fundraising $7,086$9,929
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $11,800$11,800
IX-23 InsuranceManagement $678$678
IX-24 Other expenses (24a–d)Programs $158,242 · Management $7,354 · Fundraising $1,021$166,617
IX-24e All other expensesPrograms $300 · Management $9$309
IX-25 Total functional expensesPrograms $587,805 · Management $71,696 · Fundraising $11,142$670,643
Part X · Balance sheet $565,850 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $8,067$18,824
X-2 Savings and temporary cash investmentsStart of year $49,804$1,437
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $8,113$9,035
X-8 Inventories for sale or useStart of year $162,027$176,583
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $35,950$69,316
X-11 Publicly traded securitiesStart of year $328,822$283,266
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $6,979$7,389
X-16 Total assetsStart of year $599,762$565,850
X-17 Accounts payable and accrued expensesStart of year $27,557$36,071
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $7,186$8,040
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $34,743$44,111
X-27 Net assets without donor restrictionsStart of year $565,019$509,669
X-28 Net assets with donor restrictionsStart of year $0$12,070
X-32 Total net assets or fund balancesStart of year $565,019$521,739
X-33 Total liabilities and net assetsStart of year $599,762$565,850
Part XI · Reconciliation of net assets $521,739 net assets at year end
XI-1 Total revenue$627,363
XI-2 Total expenses$670,643
XI-3 Revenue less expenses−$43,280
XI-4 Net assets at start of year$565,019
XI-10 Net assets at end of year$521,739

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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