2024-11-13T15:35:04-06:00 2023-12-31 390758449 WIPFLI LLP 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2023-01-01 263349334 A PRECIOUS CHILD INC APRE 3034664272 7051 W 118TH AVE BROOMFIELD CO 80020 ERIC GLEASON CEO & PRESIDENT 3034664272 2024-11-12 1 1 SAM BRUNSON CPA P01696998 4067281800 2024-11-12 2023 2024-10-15 13:58:12Z ERIC GLEASON 7051 W 118TH AVE BROOMFIELD CO 80020 15642657 0 X WWW.APRECIOUSCHILD.ORG X 2008 CO A PRECIOUS CHILD EMPOWERS CHILDREN IN NEED TO ACHIEVE THEIR FULL POTENTIAL. 5 5 74 7600 0 0 20183132 15118918 0 0 10970 43523 26150 133853 20220252 15296294 14821019 10379517 0 0 3047275 3513104 0 0 1127670 1599161 2318868 19467455 16211489 752797 -915195 12860285 12054812 4753473 4834612 8106812 7220200 X A PRECIOUS CHILD PROVIDES CHILDREN IN NEED WITH OPPORTUNITIES AND RESOURCES TO EMPOWER THEM TO ACHIEVE THEIR FULL POTENTIAL. 0 0 8479757 6565867 0 PRECIOUS ESSENTIALS PROVIDES CLOTHING, COATS, SHOES, FOOD, TOILETRIES, HOME GOODS, AND OTHER ESSENTIALS TO CHILDREN AND THEIR FAMILIES STRUGGLING WITH POVERTY OR EMERGENCY SITUATIONS THROUGH OUR MAIN RESOURCE CENTER AND 50 SATELLITE RESOURCE CENTERS ACROSS THE DENVER METRO AREA. IN 2023, A VALUE OF NEARLY $6.5 MILLION IN ESSENTIALS WERE PROVIDED TO OVER 28,060 LOCAL RESIDENTS IN NEED. 1791243 1333723 0 BASICS 4 BABIES PROVIDES BASIC NECESSITIES SUCH AS DIAPERS, WIPES, AND BABY GEAR TO FAMILIES WITH INFANTS WHO WOULD OTHERWISE RATION THESE PRODUCTS OR GO WITHOUT. THE PROGRAM ALSO PROVIDES ACCESS TO BRIGHT BY THREE KITS AS A MEANS OF POSITIVELY IMPACTING EARLY LITERACY SKILLS, DEVELOPMENT, HEALTH, AND SAFETY OF THE CHILDREN. IN 2023, BASICS 4 BABIES PROVIDED DIAPERS, WIPES, FORMULA, AND OTHER BABY ESSENTIALS TO 7,700 INFANTS AND TODDLERS IN NEED. 1439860 1073824 0 FILL A BACKPACK PROGRAM PROVIDES BACKPACKS FILLED WITH GRADE-APPROPRIATE SCHOOL SUPPLIES TO CHILDREN IN NEED TO MAXIMIZE THEIR ACADEMIC POTENTIAL. IN 2023, FILL A BACKPACK PROVIDED BACKPACKS TO 18,109 CHILDREN IN NEED. 967726 824393 0 GIVESPORTS PROVIDES NEW AND GENTLY-USED SPORTS EQUIPMENT ALONG WITH SUPPORT FOR SPORTS PROGRAM COSTS ASSOCIATED WITH REGISTRATION, UNIFORMS, CAMP, AND PARTICIPATION FEES TO CHILDREN IN NEED, GIVING THEM THE OPPORTUNITY TO PARTICIPATE IN SPORTS. IN 2023, GIVESPORTS PROVIDED OPPORTUNITY FUNDS, SPORTS EQUIPMENT AND SKILLS CAMPS TO 16,736 PEOPLE IN NEED. 801650 494330 0 PRECIOUS GIFT PROVIDES GIFTS TO CHILDREN WHO WOULD OTHERWISE GO WITHOUT DURING MONUMENTAL TIMES IN THEIR LIFE, SUCH AS BIRTHDAYS AND THE HOLIDAY SEASON. IN 2023, 12,461 CHILDREN WERE PROVIDED WITH BIRTHDAY AND HOLIDAY PRESENTS AND SPECIALLY MADE BIRTHDAY TREATS, A VALUE OF OVER $628,705. 107164 0 0 INSPIRING MINDS PROVIDES ACCESS TO STEM-BASED ACTIVITIES TO CHILDREN VISITING A PRECIOUS CHILD'S RESOURCE CENTER AND THROUGH EDUCATIONAL, TAKE-HOME STEM KITS. IN 2023, 1,415 CHILDREN RECEIVED STEM KITS. 64081 0 0 EDUSSENTIALS PROVIDES EDUCATIONAL SUPPORT, SUCH AS COMPUTERS, CALCULATORS, TUTORING, AND INCENTIVES TO REMOVE BARRIERS TO SCHOOL ATTENDANCE AND IMPROVE EDUCATIONAL OUTCOMES FOR ECONOMICALLY DISADVANTAGED STUDENTS. EDUSSENTIALS SUPPORTED 2,507 CHILDREN IN 2023. 44724 0 0 GIVEARTS PROVIDES SUPPORT FOR THE ARTS PROGRAM COSTS ASSOCIATED WITH LESSONS, PARTICIPATION FEES, INSTRUMENTS, AND ART SUPPLIES TO CHILDREN IN NEED, GIVING THEM THE OPPORTUNITY TO PARTICIPATE IN MUSIC, DANCE, THEATRE, AND VISUAL ARTS. GIVEARTS SUPPORTED 183 CHILDREN IN 2023. 699425 87380 5889 OTHER PROGRAMS:OTHER PROGRAMS INCLUDE INSPIRING MINDS, PRECIOUS PERKS, RELIEF FOR FAMILIES IMPACTED BY THE MARSHALL FIRE, AND PROGRAM-RELATED CAPITAL EXPENDITURES. 2684770 1406103 5889 14395630 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 74 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 3034664272 7051 W 118TH AVE BROOMFIELD CO 80020 ANDY CONIGLIARO CHAIR (THRU 10/31/23) 5.00 X X 0 0 0 JAYLENE KUNZ VICE CHAIR 1.00 X X 0 0 0 JEANETTE DERN TREASURER (THRU 9/30/23) 1.00 X X 0 0 0 TARA ROJAS SECRETARY 1.00 X X 0 0 0 NATE CARY DIRECTOR (THRU 3/31/23) 1.00 X 0 0 0 LISA CORLEY DIRECTOR 1.00 X 0 0 0 DAVID DURAN DIRECTOR (THRU 10/31/23) 1.00 X 0 0 0 CATHERINE DAVIS DIRECTOR 1.00 X 0 0 0 MICHAEL PENDERGAST DIRECTOR 1.00 X 0 0 0 CARINA MARTIN CO-CEO & FOUNDER 40.00 X 129626 0 0 ERIC GLEASON CO-CEO & CFO (THRU 2/2023) 40.00 X 122769 0 0 JAMES ANTHONY VP OF FINANCE 40.00 X 83711 0 1680 MICHAEL PAINTER CHIEF PHILANTHROPY OFFICER 40.00 X 125204 0 2800 461310 0 4480 3 0 0 0 0 654414 963516 13500988 9889947 15118918 49823 49823 5700 12000 -6300 -6300 -6300 396783 654414 330264 66519 66519 47410 4099 43311 5889 37422 OTHER INCOME 900099 24023 24023 24023 15296294 5889 0 171487 10379517 10379517 337785 214009 37901 85875 2738363 1732968 309511 695884 15104 11741 -792 4155 169650 122083 14308 33259 252202 162652 29202 60348 24258 15758 7847 653 19147 12250 2241 4656 136675 89323 41209 6143 114728 87584 2162 24982 175584 53976 109555 12053 157379 96111 12937 48331 226709 194326 1801 30582 22818 11671 231 10916 190976 159063 27726 4187 181084 131279 42680 7125 42326 36548 3356 2422 PROGRAM EXPENSES 645859 645859 STAFF AND BOARD DEVELOP 136082 82287 25162 28633 REPAIRS AND MAINTENANCE 101765 91627 5279 4859 SPECIAL EVENTS 28598 660 442 27496 114880 64338 15431 35111 16211489 14395630 688189 1127670 794178 705218 2723941 2693834 268910 121667 2240035 1926657 167455 96834 6999163 651482 6455379 6347681 46105 57687 164282 105234 12860285 12054812 189279 424179 4399912 4305961 164282 104472 4753473 4834612 X 6311699 6435308 1795113 784892 8106812 7220200 12860285 12054812 -915195 28583 0 X X 0 1 X 1 0 X 18804873 11668425 12081158 20183132 15118918 77856506 18804873 11668425 12081158 20183132 15118918 77856506 77856506 3037 6287 14508 10970 49823 84625 66519 66519 56533 24023 80556 78088206 111229 0.99700 0.99810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46105 11582 57687 46122 -17 46105 22443 16197 7482 46122 21483 960 22443 17998 3485 21483 0.79068 0.20932 0.00000 0 0 4223104 4223104 2374732 464058 1910674 200974 106625 94349 200353 80799 119554 6347681 RIGHT OF USE LIABILITY 104472 104472 X 15392797 28583 67920 96503 15296294 0 15296294 16279409 67920 67920 16211489 0 16211489 PART V, LINE 4: ENDOWMENT ASSETS ARE COMPRISED OF ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023. THE ORGANIZATION BELIEVES THAT IT HAS CONDUCTED ITS OPERATIONS IN ACCORDANCE WITH, AND HAS PROPERLY MAINTAINED, ITS TAX-EXEMPT STATUS, AND IT HAS TAKEN NO MATERIAL UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. GALA 697951 532103 165848 21369 88815 52181 14552 HEROES LUNCHEON 199550 79928 119622 13469 44723 6037 6 153696 42383 111313 38372 33456 480 16810 1051197 654414 396783 73210 166994 52661 37399 330264 66519 1 OPPORTUNITY FUNDS FOR GIVE SPORTS 73 35531 OPPORTUNITY FUNDS FOR EDUSSENTIALS 61 22374 OPPORTUNITY FUNDS FOR GIVE ARTS 9 2356 PRECIOUS ESSENTIALS 28060 6501040 BOOK CLOTHING/HOUSEHOLD GOODS BASICS 4 BABIES 7700 1333723 BOOK CLOTHING/HOUSEHOLD GOODS FILL A BACKPACK 18109 1073824 BOOK SCHOOL SUPPLIES GIVESPORTS 16736 788862 BOOK SPORTS EQUIPMENT PRECIOUS GIFT 12461 494330 BOOK GIFTS, TOYS, CLOTHES HOUSING ASSISTANCE 56 127477 PART I, LINE 2: SCHOLARSHIP CHECKS ARE NEVER WRITTEN DIRECTLY TO THE RECIPIENT OF THE FUNDS. SCHOLARSHIP CHECKS ARE WRITTEN PAYABLE TO THE SPORTS LEAGUE OR SCHOOL, AND A LETTER IS INCLUDED THAT CLEARLY STATES THE NAME OF THE CHILD WHO IS THE RECIPIENT OF THE SCHOLARSHIP. A PRECIOUS CHILD WORKS WITH THE 546 AGENCY PARTNERS LOCATED THROUGHOUT THE METRO DENVER AREA. THESE AGENCY PARTNERS PROVIDE A SERVICE TO THE CHILDREN AND FAMILIES AND UNDERSTAND THEIR NEEDS. THEY REFER CHILDREN AND FAMILIES TO A PRECIOUS CHILD SERVICES, SHOULD THEY NEED MORE THAN THE AGENCY PARTNER HAS THE ABILITY TO PROVIDE. ONCE A REFERRAL IS MADE TO A PRECIOUS CHILD, THERE IS NO VERIFICATION PROCESS REQUIRED TO RECEIVE THE CHILD OR FAMILY'S REFERRED SERVICES. A BASIC INTAKE PROCESS IS COMPLETED AT OUR FACILITY FOR DATA COLLECTION PURPOSES AND THE CHILD AND FAMILY ARE PROVIDED THE OPPORTUNITIES AND RESOURCES REQUESTED THROUGH OUR RESOURCE CENTER. A PRECIOUS CHILD HAS THE OPPORTUNITY FOR ALL CHILDREN AND FAMILIES TO TAKE ADVANTAGE OF THE CASE MANAGEMENT AND WRAP-AROUND SERVICES LOCATED AT OUR FACILITY. X 9762136 PUBLISHED DONATED VALUES X 62800 127811 PER LB USING FOOD PANTRY 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS REPORTED IN PART I, COLUMN B. THE ORGANIZATION DOES NOT TRACK SCHOOL SUPPLY AND PRECIOUS GIFT DONATIONS ON A PER ITEM BASIS DURING THE SEASONAL PROGRAM AS IT WOULD BE AN ENORMOUS TASK. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING FORM 990, IT IS REVIEWED BY THE CEO AND VICE PRESIDENT OF FINANCE AND THEN FORWARDED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR FINAL REVIEW AND APPROVAL. A COPY IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS. ONCE OFFICIALLY APPROVED, IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C INQUIRIES ARE MADE AT THE BOARD MEETINGS TO ENSURE THAT EVERY MEMBER IS IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. TRANSACTIONS WITH POTENTIAL CONFLICTS OF INTEREST ARE IDENTIFIED BY THE CEO AND VP OF FINANCE AS TRANSACTIONS ARE APPROVED. ANY POTENTIAL OR ACTUAL CONFLICT WOULD BE DISCUSSED BY EXECUTIVE STAFF AND THE BOARD OF DIRECTORS AND LEGAL COUNSEL WOULD BE OBTAINED IF DEEMED NECESSARY. MEMBERS OF THE BOARD OF DIRECTORS ARE COVERED UNDER THE POLICY. DETERMINATION OF WHETHER A CONFLICT EXISTS, AND ACTUAL CONFLICTS ARE REVIEWED BY EXECUTIVE STAFF AND THE BOARD OF DIRECTORS. A PERSON WITH A POTENTIAL CONFLICT COULD PARTICIPATE IN DELIBERATIONS BUT WOULD BE EXCLUDED FROM DISCUSSIONS AND/OR VOTING WHERE A FINAL DETERMINATION WOULD BE MADE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES EMPLOYEE COMPENSATION BY LOOKING AT MARKET COMPARISONS, BUDGET ALLOWANCES AND PERFORMANCE REVIEWS. A COMMITTEE MADE UP OF MEMBERS OF THE BOARD OF DIRECTORS DETERMINES THE CEO'S COMPENSATION USING THE PROCESS DESCRIBED. THE CEO'S COMPENSATION WAS LAST REVIEWED IN MAY 2023. THE BOARD REVIEWS THE COMPENSATION OF ALL OTHER OFFICERS AND KEY EMPLOYEES. THE ORGANIZATION DETERMINES EMPLOYEE COMPENSATION BY LOOKING AT MARKET COMPARISONS, BUDGET ALLOWANCES AND PERFORMANCE REVIEWS. THIS PROCESS IS USED TO ESTABLISH COMPENSATION FOR ALL PAID STAFF POSITIONS IN MAY OF EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.