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Simple Treasures INC

Not tax-deductible

Kalamazoo, MIMutual-benefit / member-servingSince 2022Community Development EIN 88-2917855Revenue $86K in FY2025

On file with the IRSkzoogospel.org448 N Burdick St, 49007-3644 · Kalamazoo, MITax-exempt since Jul 2023

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Simple Treasures, INC. Is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to the kalamazoo gospel mission, a church and nonprofit corporation.

Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $103K a year · 66% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$649K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$86K
-83% vs prior year
Spent
$64K
Net assets
$413K
By yearFY2022–FY2025
Revenue
$86K
FY2025▼ -83%
Tap a bar for its year
Revenue by fiscal year
FY2022$0
FY2023$43K
FY2024$497K
FY2025$86K
Expenses
$64K
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2022$0
FY2023$83K
FY2024$67K
FY2025$64K
Net assets
$413K
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2022$0
FY2023−$40K
FY2024$390K
FY2025$413K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2023.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Erica Delgado
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Simple 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds property and collects income to support the Kalamazoo Gospel Mission.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Simple treasures, inc. Operates a thrift store and management of the real estate property on which it is located, collecting income therefrom, and turning over the entire amount income, less expenses, to the kalamazoo gospel mission, a church and nonprofit corporation.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$86K
Ln 12
Fees for servicesLn 2g$86K
Money outPt IX
$64K
Ln 25
Owns and owesPt X
$413K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$1.1M
LiabilitiesLn 26$649K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$86K
Total revenueLn 12$86K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$649K
Net assetsLn 32$413K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$440$1K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$700K$649K
Net assetsLn 32$390K$413K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$34K
Depreciation, depletion and amortizationLn 22$30K
Total functional expensesLn 25$64K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $86K$64K$22K$413K 990 PDF
FY2024Filed with the IRS Jan 16, 2025 $497K$67K$430K$390K 990 PDF
FY2023Filed with the IRS Feb 9, 2024 $43K$83K−$40K−$40K 990 PDF
FY2022Filed with the IRS Dec 21, 2023 $0$0$0$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $86,401 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $410,614$0
I-9 Program service revenuePrior year $86,400$86,401
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $497,014$86,401
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $66,697$63,951
I-18 Total expensesPrior year $66,697$63,951
I-19 Revenue less expensesPrior year $430,317$22,450
Part VI · Governance 3 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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 $86,401 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $86,401$86,401
VIII-12 Total revenueExcluded from tax $86,401$86,401
Part IX · Statement of functional expenses $63,951 across 2 lines filed
IX-20 Interest$34,257
IX-22 Depreciation, depletion and amortization$29,694
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$63,951
Part X · Balance sheet $1,061,506 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $440$1,062
X-10c Land, buildings and equipment, netStart of year $1,090,001$1,060,444
X-16 Total assetsStart of year $1,090,441$1,061,506
X-25 Other liabilitiesStart of year −$2,459$18,677
X-26 Total liabilitiesStart of year $699,953$648,568
X-27 Net assets without donor restrictionsStart of year $390,488$412,938
X-32 Total net assets or fund balancesStart of year $390,488$412,938
X-33 Total liabilities and net assetsStart of year $1,090,441$1,061,506
Part XI · Reconciliation of net assets $412,938 net assets at year end
XI-1 Total revenue$86,401
XI-2 Total expenses$63,951
XI-3 Revenue less expenses$22,450
XI-4 Net assets at start of year$390,488
XI-10 Net assets at end of year$412,938

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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