Treasures 4 Teachers Inc
- Assets
- $906.2k
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Tempe, AZ
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 01-0725431
Organization Overview
Treasures 4 Teachers Inc is located in Tempe, AZ. The organization was established in 2003. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2021, Treasures 4 Teachers Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasures 4 Teachers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Treasures 4 Teachers Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 41.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Treasures 4 Teachers Inc has awarded 19 individual grants totaling $2,662,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TREASURES 4 TEACHERS' MISSION IS TO PROVIDE FREE AND LOW COST SUPPLIES TO (CONTINUED ON SCHEDULE O) TEACHERS FROM THE COMMUNITY'S REUSABLE RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 THERE WAS AN ESTIMATED 4.3 MILLION CUBIC FEET OF SUPPLIES AND MATERIALS THAT WAS COLLECTED FROM THE LOCAL COMMUNITY, DIVERTED FROM THE LANDFILL AND REDISTRIBUTED OUT TO TEACHERS, THEIR STUDENTS AND THE COMMUNITY. THESE SUPPLIES AND MATERIALS MADE THEIR WAY TO OVER 4500 TEACHERS AND 135,000 STUDENTS TO USE FOR EDUCATIONAL PURPOSES. MATERIALS ARE SOLD FOR A NOMINAL COST IN ADDITION TO BEING FREE TO THE TEACHERS WE SERVE. OUR STORE IS OPEN 5 DAYS A WEEK. A TOTAL OF 110 INDIVIDUAL VOLUNTEERS PROVIDED ALMOST 6,450 HOURS OF SERVICE TO OUR ORGANIZATION. THE EXPENSE FOR OUR SERVICES ARE REFLECTED IN PAYROLL, TRUCK EXPENSES (GAS AND INSURANCE) AND FACILITY EXPENSES. IN JUNE OF 2019 WE OPENED A SATELLITE LOCATION IN THE WEST VALLEY AT THE PENDERGAST SCHOOL DISTRICT. WE ARE IN (CONTINUED ON SCHEDULE O) 4000 SQUARE FEET AND RENT AND UTILITIES ARE FREE IN LIEU OF FREE MEMBERSHIPS AND A $65 CREDIT TO EACH PENDERGAST TEACHER. OUR EXPENSES ARE PRIMARILY SALARY AND COST OF DELIVERING DONATIONS. DUE TO THE PANDEMIC, THE WEST VALLEY LOCATION HAS BEEN OPERATING ON REDUCED HOURS AND PERSONNEL, IN 2022 WE HOPE TO INCREASE STAFF AND HOURS OF OPERATION.
TREASURES 4 TEACHERS IS ALSO AN AFFILIATE OF THE KIDS IN NEED FOUNDATION WHERE WE ARE PROVIDED WITH BRAND NEW SCHOOL SUPPLIES TO GIVE AWAY TO TEACHERS ABSOLUTELY FREE. THESE ITEMS INCLUDE SCHOOL AND OFFICE SUPPLIES, CRAFT MATERIALS, DISINFECTING SUPPLIES AND BOOKS. IN 2021 WE RECEIVED JUST OVER 5 MILLION DOLLARS' WORTH OF SUPPLIES FROM THE KIDS IN NEED FOUNDATION. OF THIS AMOUNT WE RECEIVED 11 TRUCKLOADS OF DISINFECTING WIPES VALUED AT $3,223,755 WHICH WERE DISTRIBUTED TO SCHOOLS, TEACHERS AND OTHER NON-PROFIT ORGANIZATIONS. WE DO NOT ANTICIPATE RECEIVING THE DONATION OF DISINFECTING WIPES IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Blalock Executive Director | Officer | 40 | $100,023 |
Sue Diaz Accountant | Officer | 12 | $23,400 |
Kami Galvani Chair | OfficerTrustee | 2 | $0 |
Allen Nelson Treasurer | OfficerTrustee | 2 | $0 |
Chris Janick Secretary | OfficerTrustee | 2 | $0 |
Kelly Greene Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,418 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,845,598 |
| Noncash contributions included in lines 1a–1f | $5,537,596 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,092,034 |
| Total Program Service Revenue | $15,348 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,681 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,117,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,662,600 |
| Grants and other assistance to domestic individuals. | $2,381,062 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,131 |
| Compensation of current officers, directors, key employees. | $38,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,916 |
| Fees for services: Accounting | $10,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,500 |
| Advertising and promotion | $968 |
| Office expenses | $31,271 |
| Information technology | $16,316 |
| Royalties | $0 |
| Occupancy | $188,805 |
| Travel | $824 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,589 |
| Interest | $3,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,574 |
| Insurance | $8,112 |
| All other expenses | $0 |
| Total functional expenses | $5,986,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588,548 |
| Savings and temporary cash investments | $32,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $133,654 |
| Prepaid expenses and deferred charges | $6,734 |
| Net Land, buildings, and equipment | $69,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,796 |
| Other assets | $28,406 |
| Total assets | $906,225 |
| Accounts payable and accrued expenses | $20,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,532 |
| Total liabilities | $58,334 |
| Net assets without donor restrictions | $592,623 |
| Net assets with donor restrictions | $255,268 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $906,225 |
Grants Awarded
Over the last fiscal year, Treasures 4 Teachers Inc has awarded $2,662,600 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMPHITHEATER SCHOOLS PURPOSE: DISINFECTING SUPPLIES DURING COVID-19 PANDEMIC | $143,713 |
PENDERGAST ELEMENTARY SCHOOL PURPOSE: DISINFECTING SUPPLIES DURING COVID-19 PANDEMIC | $143,713 |
Mesa, AZ PURPOSE: DISINFECTING SUPPLIES DURING COVID-19 PANDEMIC | $143,713 |
TOLLESON UNION HIGH SCHOOL PURPOSE: DISINFECTING SUPPLIES DURING COVID-19 PANDEMIC | $143,713 |
ESPERANZA ELEMENTARY SCHOOL PURPOSE: DISINFECTING SUPPLIES DURING COVID-19 PANDEMIC | $143,713 |
SUNNYSIDE SCHOOL DISTRICT PURPOSE: DISINFECTING SUPPLIES DURING COVID-19 PANDEMIC | $143,713 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Treasures 4 Teachers Inc has recieved totaling $102,610.
| Awarding Organization | Amount |
|---|---|
Thunderbirds Charities Phoenix, AZ PURPOSE: EDUCATION | $50,000 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $22,850 |
Interest Ministries South Barrington, IL PURPOSE: General Support | $15,000 |
Tempe Diablos Charities Inc Tempe, AZ PURPOSE: Program operations | $7,500 |
John F Long Foundation Inc Phoenix, AZ PURPOSE: DONATION TO SUPPORT 501C3 CHARITY ORGANIZATION. | $5,000 |
The Murray Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |