Heavenly Treasures FY2022 filing

Tax-deductible

Glendora, CA501(c)(3)InternationalEIN 95-4715684Revenue $671K in FY2022

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.
78¢ of each $1 spent went to programs.
$94K 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

FY2022 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
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
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
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
$47K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 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
$671K
-21% vs prior year
Spent
$815K
To programs
78%
Net assets
$421K
By yearFY2020–FY2024
Revenue
$671K
FY2022▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$769K
FY2021$853K
FY2022$671K
FY2023$625K
FY2024$689K
Expenses
$815K
FY2022▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$663K
FY2021$704K
FY2022$815K
FY2023$821K
FY2024$801K
Net assets
$421K
FY2022▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$415K
FY2021$564K
FY2022$421K
FY2023$224K
FY2024$112K

From the FY2022 Form 990 · 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. 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

78 cents of each dollar spent went to programs.

Program services 78% · $637K Management & general 13% · $104K Fundraising 9% · $73K

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; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO and Board Chairman
$94,281Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Director
$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 · $637K · in their own filed words · FY2022
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.

$637Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$671K
Ln 12
Gifts and grantsLn 1h$615K
Fees for servicesLn 2g$33K
Other incomeLn 4–11$22K
Money outPt IX
$815K
Ln 25
Programscol B$637K
Managementcol C$104K
Fundraisingcol D$73K
Owns and owesPt X
$421K
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$468K
LiabilitiesLn 26$47K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$615K
Fundraising eventsLn 1c$148K
Fees for servicesLn 2g$33K
Investment incomeLn 3$104
Other incomeLn 4–11$22K
Total revenueLn 12$671K
Assets in detailPt X, end of year
CashLn 1$140K
SavingsLn 2$434
Cash and savings togetherLn 1–2$140K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$468K
LiabilitiesLn 26$47K
Net assetsLn 32$421K
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 FY22End FY22
Cash and savingsLn 1–2$274K$140K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$623K$468K
LiabilitiesLn 26$59K$47K
Net assetsLn 32$564K$421K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$100K$100K
Pay of current officers, directors and key staffLn 5$96K$38K$29K$29K
Pay of disqualified personsLn 6$287K$215K$43K$29K
Other salaries and wagesLn 7$26K$26K
Other employee benefitsLn 9$3K$2K$452$362
Payroll taxesLn 10$31K$21K$5K$4K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$71K$49K$14K$7K
Information technologyLn 14$8K$6K$1K$785
OccupancyLn 16$89K$84K$5K
TravelLn 17$74K$73K$2K
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$1K$649$775
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$815K$637K$104K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $689K$801K−$112K$112K 990 PDF
FY2023 $625K$821K−$196K$224K 990 PDF
FY2022 Viewing $671K$815K−$144K$421K 990 PDF
FY2021 $853K$704K$149K$564K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $670,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $744,990$615,362
I-9 Program service revenuePrior year $17,940$33,319
I-10 Investment incomePrior year $550$104
I-11 Other revenuePrior year $89,434$22,212
I-12 Total revenuePrior year $852,914$670,997
I-13 Grants and similar amounts paidPrior year $83,585$100,210
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $407,639$443,184
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $212,585$271,255
I-18 Total expensesPrior year $703,809$814,649
I-19 Revenue less expensesPrior year $149,105−$143,652
Part VI · Governance 6 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
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 $670,997 across 6 lines filed
Lines not itemized here account for $95,699 of total revenue; see the IRS return.
VIII-1c Fundraising events$148,000
VIII-1f All other contributions, gifts and grants$467,362
VIII-1h Total contributions, gifts and grants$615,362
VIII-3 Investment incomeExcluded from tax $104$104
VIII-8 Net income from fundraising eventsExcluded from tax −$40,168−$40,168
VIII-12 Total revenueRelated to mission $95,699 · Unrelated business $0 · Excluded from tax −$40,064$670,997
Part IX · Statement of functional expenses $814,649 across 18 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $100,210$100,210
IX-5 Pay of current officers, directors and key staffPrograms $38,489 · Management $28,867 · Fundraising $28,867$96,223
IX-6 Pay of disqualified personsPrograms $215,231 · Management $43,046 · Fundraising $28,697$286,974
IX-7 Other salaries and wagesPrograms $26,152$26,152
IX-9 Other employee benefitsPrograms $1,758 · Management $452 · Fundraising $362$2,572
IX-10 Payroll taxesPrograms $21,375 · Management $5,492 · Fundraising $4,396$31,263
IX-11b Legal feesManagement $1,200$1,200
IX-11c Accounting feesManagement $2,600$2,600
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $21,773$21,773
IX-13 Office expensesPrograms $49,477 · Management $14,103 · Fundraising $7,089$70,669
IX-14 Information technologyPrograms $5,889 · Management $1,178 · Fundraising $785$7,852
IX-16 OccupancyPrograms $83,889 · Management $4,616$88,505
IX-17 TravelPrograms $72,595 · Fundraising $1,677$74,272
IX-19 Conferences, conventions and meetingsFundraising $1,379$1,379
IX-23 InsuranceManagement $1,581$1,581
IX-24 Other expenses (24a–d)Programs $649 · Management $775$1,424
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $637,487 · Management $103,910 · Fundraising $73,252$814,649
Part X · Balance sheet $468,009 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $273,739$139,571
X-2 Savings and temporary cash investmentsStart of year $434$434
X-4 Accounts receivableStart of year $30,846$209
X-8 Inventories for sale or useStart of year $313,157$319,318
X-9 Prepaid expenses and deferred chargesStart of year $5,189$8,477
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $623,365$468,009
X-17 Accounts payable and accrued expensesStart of year $40,112$47,408
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $59,112$47,408
X-27 Net assets without donor restrictionsStart of year $564,253$420,601
X-32 Total net assets or fund balancesStart of year $564,253$420,601
X-33 Total liabilities and net assetsStart of year $623,365$468,009
Part XI · Reconciliation of net assets $420,601 net assets at year end
XI-1 Total revenue$670,997
XI-2 Total expenses$814,649
XI-3 Revenue less expenses−$143,652
XI-4 Net assets at start of year$564,253
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$420,601

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

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