Treasure Chest
- Assets
- $267.0k
- Revenue
- $377.2k
- Investments
- $0.0
- Employees
- 30
- Location
- Waite Park, MN
- Founding
- 10/1981
- Data as of
- 12/2020
- EIN
- 41-1377206
Organization Overview
Treasure Chest is located in Waite Park, MN. The organization was established in 1981. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2020, Treasure Chest employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasure Chest 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 12/2020, Treasure Chest generated $377.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $487.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
A THRIFT STORE OPERATED TO GENERATE FUNDS TO HELP WOMEN WITH UNEXPECTED PREGNANCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TREASURE CHEST SELLS USED OR NEW ITEMS BOTH DONATED AND ON A CONSIGNMENT BASIS. PROFITS GENERATED BY THE ACTIVITY ARE DONATED TO ELEVATE, INC., A 501(C)(3) PUBLIC CHARITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Peterschick Treasurer | OfficerTrustee | 1 | $0 |
Mike Bitzan President | OfficerTrustee | 2 | $0 |
Peg Imholte Director | Trustee | 1 | $0 |
Nadine Pullis Director | Trustee | 1 | $0 |
George Sjogren Elevate Liaison | Trustee | 1 | $0 |
Mark Traut Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $398,653 |
| Noncash contributions included in lines 1a–1f | $398,295 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,653 |
| Total Program Service Revenue | $0 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$21,566 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,290 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,499 |
| Fees for services: Accounting | $1,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,175 |
| Office expenses | $15,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $143,032 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,800 |
| Insurance | $9,346 |
| All other expenses | $1,613 |
| Total functional expenses | $487,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $121,994 |
| Prepaid expenses and deferred charges | $4,191 |
| Net Land, buildings, and equipment | $4,701 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $267,026 |
| Accounts payable and accrued expenses | $78,284 |
| 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 | $0 |
| Total liabilities | $78,284 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $188,742 |
| Total liabilities and net assets/fund balances | $267,026 |
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