Heavenly Treasures FY2020 filing

Tax-deductible

Glendora, CA501(c)(3)InternationalEIN 95-4715684Revenue $769K in FY2020

On file with the IRSheavenlytreasures.orgPo Box 1982, 91740-1982 · Glendora, CATax-exempt since Jan 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Microenterprise development in developing countries to help the poor.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average deficit $39K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 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
$769K
Spent
$663K
To programs
75%
Net assets
$415K
By yearFY2020–FY2024
Revenue
$769K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$769K
FY2021$853K
FY2022$671K
FY2023$625K
FY2024$689K
Expenses
$663K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$663K
FY2021$704K
FY2022$815K
FY2023$821K
FY2024$801K
Net assets
$415K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$415K
FY2021$564K
FY2022$421K
FY2023$224K
FY2024$112K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jan 2012.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $500K Management & general 15% · $100K Fundraising 9% · $63K

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

9 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO and Board Chairman
$81,372Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Secretary (part Year) / Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathryn Gaulton’s $90K as CEO and Board Chairman is at the 77th percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kathryn Gaulton$90,000$90,000$94,281$81,372$81,372

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Empowers the poor in developing countries with small business opportunities.

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Provided by the organization

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1 program · $500K · in their own filed words · FY2020
01

Heavenly Treasures is based in the U.S. and works cross-culturally with 60 Projects (900 artisans) in 20 developing countries that are making handicrafts to support their livelihoods. These products are purchased and sold in the U.S. through retail partners in churches, retail stores, ecommerce, and various wholesale retailers.

$500Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$769K
Ln 12
Gifts and grantsLn 1h$666K
Other incomeLn 4–11$100K
Fees for servicesLn 2g$2K
Money outPt IX
$663K
Ln 25
Programscol B$500K
Managementcol C$100K
Fundraisingcol D$63K
Owns and owesPt X
$415K
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$439K
LiabilitiesLn 26$24K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$666K
Government grantsLn 1e$72K
Noncash giftsLn 1g$36K
Fees for servicesLn 2g$2K
Investment incomeLn 3$856
Other incomeLn 4–11$100K
Gains on assetsLn 7$752
Total revenueLn 12$769K
Assets in detailPt X, end of year
CashLn 1$210K
SavingsLn 2$434
Cash and savings togetherLn 1–2$210K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$439K
LiabilitiesLn 26$24K
Net assetsLn 32$415K
OperationsPt I, VI
EmployeesI 57
VolunteersI 620
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 FY20End FY20
Cash and savingsLn 1–2$227K$210K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$472K$439K
LiabilitiesLn 26$163K$24K
Net assetsLn 32$310K$415K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$86K$86K
Pay of current officers, directors and key staffLn 5$82K$25K$25K$33K
Pay of disqualified personsLn 6$173K$121K$35K$17K
Other salaries and wagesLn 7$89K$77K$13K
Other employee benefitsLn 9$8K$7K$1K
Payroll taxesLn 10$27K$17K$6K$4K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$1K$233
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$77K$63K$9K$5K
Information technologyLn 14$6K$4K$856$570
OccupancyLn 16$79K$75K$4K
TravelLn 17$15K$15K$421
Conferences, conventions and meetingsLn 19$267$200$67
InsuranceLn 23$1K$1K
All other expensesLn 24e$6K$981$1K$4K
Total functional expensesLn 25$663K$500K$100K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $689K$801K−$112K$112K 990 PDF
FY2023 $625K$821K−$196K$224K 990 PDF
FY2022 $671K$815K−$144K$421K 990 PDF
FY2021 $853K$704K$149K$564K 990 PDF
FY2020 Viewing $769K$663K$106K$415K 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 FY2020 990 (6 parts)
Part I · Summary $768,874 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $698,765$666,025
I-9 Program service revenuePrior year $30,716$1,662
I-10 Investment incomePrior year $866$856
I-11 Other revenuePrior year $65,184$100,331
I-12 Total revenuePrior year $795,531$768,874
I-13 Grants and similar amounts paidPrior year $121,611$85,851
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $355,268$379,076
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $244,680$198,438
I-18 Total expensesPrior year $721,559$663,365
I-19 Revenue less expensesPrior year $73,972$105,509
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $768,874 across 7 lines filed
Lines not itemized here account for $101,993 of total revenue; see the IRS return.
VIII-1e Government grants$72,500
VIII-1f All other contributions, gifts and grants$593,525
VIII-1g Noncash contributions (included above)$35,924
VIII-1h Total contributions, gifts and grants$666,025
VIII-3 Investment incomeExcluded from tax $104$104
VIII-7 Net gain or loss on sales of assetsExcluded from tax $752$752
VIII-12 Total revenueRelated to mission $101,993 · Unrelated business $0 · Excluded from tax $856$768,874
Part IX · Statement of functional expenses $663,365 across 17 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $85,851$85,851
IX-5 Pay of current officers, directors and key staffPrograms $24,679 · Management $24,679 · Fundraising $32,906$82,264
IX-6 Pay of disqualified personsPrograms $121,111 · Management $34,603 · Fundraising $17,302$173,016
IX-7 Other salaries and wagesPrograms $76,607 · Management $12,850$89,457
IX-9 Other employee benefitsPrograms $6,548 · Management $1,098$7,646
IX-10 Payroll taxesPrograms $17,220 · Management $5,585 · Fundraising $3,888$26,693
IX-11b Legal feesManagement $1,200$1,200
IX-11c Accounting feesManagement $2,300$2,300
IX-11g Other fees for servicesPrograms $1,391 · Management $233$1,624
IX-12 Advertising and promotionPrograms $8,993$8,993
IX-13 Office expensesPrograms $62,718 · Management $9,466 · Fundraising $4,733$76,917
IX-14 Information technologyPrograms $4,278 · Management $856 · Fundraising $570$5,704
IX-16 OccupancyPrograms $74,896 · Management $4,232$79,128
IX-17 TravelPrograms $14,645 · Management $421$15,066
IX-19 Conferences, conventions and meetingsPrograms $200 · Management $67$267
IX-23 InsuranceManagement $1,411$1,411
IX-24e All other expensesPrograms $981 · Management $1,254 · Fundraising $3,593$5,828
IX-25 Total functional expensesPrograms $500,118 · Management $100,255 · Fundraising $62,992$663,365
Part X · Balance sheet $439,414 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $226,267$209,527
X-2 Savings and temporary cash investmentsStart of year $433$434
X-4 Accounts receivableStart of year $1,115$209
X-8 Inventories for sale or useStart of year $234,293$226,397
X-9 Prepaid expenses and deferred chargesStart of year $10,373$2,847
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $472,481$439,414
X-17 Accounts payable and accrued expensesStart of year $58,666$23,790
X-19 Deferred revenueStart of year $4,000$300
X-26 Total liabilitiesStart of year $162,666$24,090
X-27 Net assets without donor restrictionsStart of year $309,815$415,324
X-32 Total net assets or fund balancesStart of year $309,815$415,324
X-33 Total liabilities and net assetsStart of year $472,481$439,414
Part XI · Reconciliation of net assets $415,324 net assets at year end
XI-1 Total revenue$768,874
XI-2 Total expenses$663,365
XI-3 Revenue less expenses$105,509
XI-4 Net assets at start of year$309,815
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$415,324

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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