2025-11-12T10:46:20-06:00 2024-12-31 393647910 WIPFLI ADVISORY LLC 105 E PINE ST UPPER FLOOR MISSOULA MT 59802 990 2024-01-01 263349334 A PRECIOUS CHILD INC APRE 3034664272 7051 W 118TH AVE BROOMFIELD CO 80020 ERIC GLEASON CEO & PRESIDENT 3034664272 2025-11-11 1 1 SAM BRUNSON CPA P01696998 4067281800 2025-11-11 2024 2025-03-06 01:10:19Z ERIC GLEASON 7051 W 118TH AVE BROOMFIELD CO 80020 17597869 0 X WWW.APRECIOUSCHILD.ORG X 2008 CO A PRECIOUS CHILD EMPOWERS CHILDREN IN NEED TO ACHIEVE THEIR FULL POTENTIAL. 6 6 57 6900 0 0 15118918 15306721 0 0 43523 563999 133853 56452 15296294 15927172 10379517 11246254 0 0 3513104 3458118 0 0 1258400 2318868 2060052 16211489 16764424 -915195 -837252 12054812 10984322 4834612 4509762 7220200 6474560 X A PRECIOUS CHILD PROVIDES CHILDREN IN NEED WITH OPPORTUNITIES AND RESOURCES TO EMPOWER THEM TO ACHIEVE THEIR FULL POTENTIAL. 1 1 11931087 9715457 0 THE EMPOWERMENT RESOURCE CENTER 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 2024, A VALUE OF OVER $9.8 MILLION IN ESSENTIALS WERE PROVIDED TO NEARLY 40,000 LOCAL RESIDENTS IN NEED. 1068048 757710 0 FILL A BACKPACK PROGRAM PROVIDES BACKPACKS FILLED WITH GRADE-APPROPRIATE SCHOOL SUPPLIES TO CHILDREN IN NEED TO MAXIMIZE THEIR ACADEMIC POTENTIAL. IN 2024, FILL A BACKPACK PROVIDED BACKPACKS TO 12,672 CHILDREN IN NEED. 251370 104082 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 2024, GIVESPORTS PROVIDED OPPORTUNITY FUNDS, SPORTS EQUIPMENT AND SKILLS CAMPS TO 11,498 PEOPLE IN NEED. 935249 634560 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 2024, 10,576 CHILDREN WERE PROVIDED WITH HOLIDAY PRESENTS, A VALUE OF OVER $634,560. 0 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 2,578 CHILDREN IN 2024. 58029 8238 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 160 CHILDREN IN 2024. 427855 26207 2909 OTHER PROGRAMS:OTHER PROGRAMS PRECIOUS PERKS, AND PROGRAM-RELATED CAPITAL EXPENDITURES. 1421133 669005 2909 14671638 1 0 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 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 57 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 6 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 JAYLENE KUNZ CHAIR 5.00 X X 0 0 0 LISA CORLEY VICE CHAIR 1.00 X X 0 0 0 MARTHA TATE TREASURER 1.00 X X 0 0 0 MICHAEL PRENDERGAST SECRETARY 1.00 X X 0 0 0 DAVID DURAN DIRECTOR 1.00 X 0 0 0 JEANETTE DERN DIRECTOR 1.00 X 0 0 0 CARINA MARTIN CO-CEO & FOUNDER (THRU 03/24) 40.00 X 330824 0 4100 ERIC GLEASON CEO & PRESIDENT 40.00 X 149615 0 2887 JAMES ANTHONY VP OF FINANCE 40.00 X 83247 0 1936 MICHAEL PAINTER CHIEF PHILANTHROPY OFFICER 40.00 X 136526 0 3361 700212 0 12284 3 0 1 0 0 139818 872340 14294563 10724417 15306721 41650 41650 1902981 1380632 522349 522349 522349 238974 139818 288681 -49707 -49707 18430 1384 17046 2909 14137 OTHER INCOME 900099 89113 89113 89113 15927172 2909 0 617542 11246254 11246254 572609 331868 84349 156392 2470600 1427295 364954 678351 20384 11865 3866 4653 131374 105986 7366 18022 263151 162192 39719 61240 15919 9695 2302 3922 308488 114998 175990 17500 139312 114528 6787 17997 146189 60667 51887 33635 137332 45549 19653 72130 194581 148063 15435 31083 16853 2986 340 13527 290 290 172191 149408 16403 6380 179373 154194 8826 16353 59983 54204 2567 3212 PROGRAM EXPENSES 423408 423408 SPECIAL EVENTS 64892 64892 STAFF AND BOARD DEVELOP 61460 32850 16585 12025 REPAIRS AND MAINTENANCE 48961 44201 2829 1931 90820 31137 14528 45155 16764424 14671638 834386 1258400 705218 345559 2693834 3887111 121667 247895 1926657 1514120 96834 90302 5642861 830855 6347681 4812006 57687 67937 105234 19392 12054812 10984322 424179 280544 4305961 4208643 104472 20575 4834612 4509762 X 6435308 5692394 784892 782166 7220200 6474560 12054812 10984322 -837252 91612 0 X X 0 1 X 1 0 X 11668425 12081158 20183132 15118918 15306721 74358354 11668425 12081158 20183132 15118918 15306721 74358354 74358354 6287 14508 10970 49823 41650 123238 66519 66519 56533 24023 89113 169669 74717780 125595 0.99520 0.99700 X 57687 10250 67937 46105 11582 57687 46122 -17 46105 22443 16197 7482 46122 21483 960 22443 0.82226 0.17774 0.00000 0 0 2842472 2842472 2374732 557318 1817414 203382 172322 31060 222275 101215 121060 4812006 RIGHT OF USE LIABILITY 20575 20575 X 16120624 91612 101840 193452 15927172 0 15927172 16866264 101840 101840 16764424 0 16764424 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, 2024. 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. GALA 374420 136850 237570 28292 116323 10970 133096 MOVIE NIGHT 4372 2968 1404 378792 139818 238974 28292 116323 10970 133096 288681 -49707 1 OPPORTUNITY FUNDS FOR GIVE SPORTS 90 49112 54970 BOOK SPORTING GOODS OPPORTUNITY FUNDS FOR EDUSSENTIALS 36 26207 OPPORTUNITY FUNDS FOR GIVE ARTS 13 8238 EMPOWERMENT RESOURCE CENTER 39465 9656958 BOOK CLOTHING/HOUSEHOLD GOODS, FOOD FILL A BACKPACK 12672 757710 BOOK SCHOOL SUPPLIES PRECIOUS GIFT 10576 634560 BOOK GIFTS, TOYS, CLOTHES HOUSING ASSISTANCE 38 58499 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 X X 1 0 0 0 0 0 0 0 0 CARINA MARTIN CO-CEO & FOUNDER (THRU 03/24) 35458 0 0 0 295366 0 0 0 4100 0 334924 0 0 0 ERIC GLEASON CEO & PRESIDENT 149615 0 0 0 0 0 2654 0 233 0 152502 0 0 0 PART I, LINE 4A CARINA MARTIN, SEVERANCE PAY, $295,366 X 10598215 PUBLISHED DONATED VALUES X 126202 PER LB USING FOOD PANTRY 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION CANNOT TRACK FOOD INVENTORY DONATIONS ON A PER ITEM OR PER CONTRIBUTION BASIS DUE TO THE VOLUME OF DONATIONS RECEIVED. FOOD CONTRIBUTIONS ARE TRACKED BY WEIGHT, WHICH IS THE COMMON PRACTICE OF MOST FOOD BANKS. IN 2024, THE ORGANIZATION RECEIVED 65,729 POUNDS OF FOOD. FORM 990, PART III, LINE 2 WE RECEIVED FUNDING (A $400K GRANT FROM THE DEPT. OF LABOR) TO START A NEW PROGRAM CALLED PATHWAYS. THE PATHWAYS PROGRAM IS DEDICTED TO EQUIPPING YOUNG INDIVIDUALS AGES 16 - 24, WITH RELEVANT EXPERIENCE TO PREPARE THEM FOR THE WORKFORCE. THE PATHWAYS PROGRAM BEGAN INCURRING EXPENSES RELATED TO STARTUP AND CONSTRUCTION OF CHANGES TO OUR FACILITY, BUT THE PROGRAM DID NOT START SERVING CLIENTS UNTIL FEBRUARY OF 2025. FORM 990, PART III, LINE 3 THE INSPIRING MINDS PROGRAM STOPPED OPERATING AT THE END OF 2023, SO IT DID NOT OPERATE IN 2024. WE STOPPED PROVIDING SERVICES SPECIFICALLY FOR MARSHALL FIRE VICTIMS AT THE END OF 2023. THE BASICS 4 BABIES PROGRAM AND THE PRECIOUS ESSENTIALS PROGRAM WERE COMBINED IN 2024 AND RENAMED THE "EMPOWERMENT RESOURCE CENTER". THE SERVICES PROVIDED BY THESE 2 PROGRAMS DID NOT CHANGE, THEY WERE ROLLED UP INTO ONE PROGRAM. 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 FEBRUARY 2025. 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.