2023-11-15T12:33:45-06:00 2022-12-31 BDO USA 101 S HANLEY RD STE 800 ST LOUIS MO 63105 990 2022-01-01 263349334 A Precious Child Inc % THE ORGANIZATION APRE 3034664272 7051 W 118th Avenue Broomfield CO 80020 ERIC GLEASON CO-CEO & PRESIDENT 3034664272 2023-11-15 true ERIC GLEASON 999009999 Mary Jane Pieroni CPA Manag P00538772 3148891100 2 2022 2023-04-26 12:10:37Z ERIC GLEASON 7051 W 118th Avenue Broomfield CO 80020 20626541 false X www.apreciouschild.org X 2008 CO A PRECIOUS CHILD EMPOWERS CHILDREN IN NEED TO ACHIEVE THEIR FULL POTENTIAL. 9 9 76 5012 0 0 12081158 20183132 0 0 14508 10970 0 26150 12095666 20220252 8752106 14821019 0 0 2166785 3047275 0 0 1024089 1414581 1599161 12333472 19467455 -237806 752797 10651409 12860285 4136723 4753473 6514686 8106812 X A PRECIOUS CHILD PROVIDES CHILDREN IN NEED WITH OPPORTUNITIES AND RESOURCES TO EMPOWER THEM TO ACHIEVE THEIR FULL POTENTIAL. true false 10761668 9487364 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 2022, A VALUE OF NEARLY $9.5 MILLION IN ESSENTIALS WERE PROVIDED TO OVER 23,603 LOCAL RESIDENTS IN NEED. 2198234 2056219 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 2022, BASICS 4 BABIES PROVIDED DIAPERS, WIPES, FORMULA, AND OTHER BABY ESSENTIALS TO 7,300 INFANTS AND TODDLERS IN NEED. 1687394 1471405 0 FILL A BACKPACK PROGRAM PROVIDES BACKPACKS FILLED WITH GRADE-APPROPRIATE SCHOOL SUPPLIES TO CHILDREN IN NEED TO MAXIMIZE THEIR ACADEMIC POTENTIAL. IN 2022, FILL A BACKPACK PROVIDED BACKPACKS TO NEARLY 22,000 CHILDREN IN NEED. 3398126 1806031 0 OTHERS 3398126 1806031 0 18045422 true false false false false false false false false true true false false false true true true false false false false false false false true false false false true false false false false false false false false false true false false false false false false false false true 2 0 true 76 true false false false false false true true false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false X X THE ORGANIZATION 3034664272 7051 W 118TH AVENUE BROOMFIELD CO 80020 CARINA MARTIN CEO & FOUNDER 40.0 0.0 X 132689 0 0 MICHAEL PAINTER CHIEF PHILANTHROPY OFFICER 40.0 0.0 X 104962 0 0 JAMES ANTHONY VP OF FINANCE 40.0 0.0 X 92234 0 1646 ANDY CONIGLIARO CHAIR 5.0 0.0 X X 0 0 0 JAYLENE KUNZ VICE CHAIR 1.0 0.0 X X 0 0 0 JEANETTE DERN TREASURER 1.0 0.0 X X 0 0 0 TARA ROJAS SECRETARY 1.0 0.0 X X 0 0 0 NATE CARY DIRECTOR 1.0 0.0 X 0 0 0 LISA CORLEY DIRECTOR 1.0 0.0 X 0 0 0 DAVID DURAN DIRECTOR 2.0 0.0 X 0 0 0 CATHERINE DAVIS DIRECTOR 1.0 0.0 X 0 0 0 JIMMY HOFFNER DIRECTOR (THRU 02/22) 1.0 0.0 X 0 0 0 STEVE KATSIRUBAS VICE CHAIR (THRU 02/22) 1.0 0.0 X 0 0 0 MICHAEL PRENDERGAST DIRECTOR (AS OF 11/22) 1.0 0.0 X 0 0 0 ISAAC SENDROS SECRETARY (THRU 05/22) 1.0 0.0 X X 0 0 0 329885 0 1646 2 false false false 0 925753 1335142 17922237 14630252 20183132 0 10970 0 10970 0 0 0 0 0 0 321521 925753 321521 0 0 0 54385 84768 -30383 -30383 OTHER INCOME 900099 56533 56533 56533 20220252 0 37120 0 14821019 14821019 0 0 226569 156221 13158 57190 0 2450141 1674271 143897 631973 12860 7990 1764 3106 142964 99665 7048 36251 214741 149531 12691 52519 0 0 0 0 0 0 106164 86657 15131 4376 96877 57855 3548 35474 147437 51896 66582 28959 187696 131440 15203 41053 0 489121 394820 58625 35676 38660 32402 420 5838 0 0 0 0 137983 123879 7327 6777 29502 25655 1893 1954 BAD DEBT 114822 65259 18925 30638 STAFF & BOARD DEVELOPMENT 111683 68227 20302 23154 EVENT EXPENSES 98415 88571 1281 8563 EMPLOYEE ASSISTANCE 14992 7855 250 6887 25809 2209 9899 13701 19467455 18045422 397944 1024089 1132639 794178 2740261 2723941 401346 268910 0 0 0 0 0 0 0 0 615687 2240035 162846 167455 6928845 473466 5552508 6455379 46122 46105 0 0 0 0 0 0 0 164282 10651409 12860285 389678 189279 0 0 0 0 0 0 0 0 0 0 3747045 4399912 0 0 0 164282 4136723 4753473 X 4880342 6311699 1634344 1795113 6514686 8106812 10651409 12860285 752797 -8862 69395 778796 X X false true X true false X 17843857 18804873 11668425 12081158 20183132 80581445 0 0 17843857 18804873 11668425 12081158 20183132 80581445 0 80581445 63778 3037 6287 14508 10970 98580 0 0 0 0 0 56533 56533 80736558 436207 0.99808 0.99875 X 46122 -17 46105 22443 16197 7482 46122 21483 960 22443 17998 3485 21483 18659 -661 17998 0.72000 0.28000 0.00000 false false 4223104 4223104 2030000 238570 1791430 344732 132868 211864 136068 48479 87589 194941 53549 141392 6455379 0 OPERATING LEASE LIABILITIES 164282 164282 X 20602306 -8862 69395 321521 382054 20220252 20220252 19536661 69206 69206 19467455 19467455 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. THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. THE ORGANIZATION BELIEVES THAT IT HAS CONDUCTED ITS OPERATIONS IN ACCORDANCE WITH, AND HAS PROPERLY MAINTAINED, ITS TAX-EXEMPT STATUS, AND THAT 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 2020. Part XI, Line 2d - Other adjustments: SPECIAL EVENT EXPENSES $321,521 GALA 879812 683051 196761 1036 24000 111844 18139 41742 GOLF TOURNAMENT 114244 77672 36572 7470 23908 607 3900 687 3 253218 165030 88188 6200 32197 16115 33676 1247274 925753 321521 8506 54108 144648 38154 76105 321521 true OPPORTUNITY FUNDS for Give Sports 132 31774 OPPORTUNITY FUNDS for Edussentials 658 2902 OPPORTUNITY FUNDS for Give ARTS 120 7167 Precious Essentials 23603 9378162 book clothing FILL A BACKPACK 21911 1471405 book school items BASICS FOR BABIES 7318 2056219 book baby gear GIVE SPORTS 18142 537609 book GIFTS, TOYS, CLOTHES PRECIOUS GIFT 17215 853908 BOOK GIFTS, TOYS, CLOTHES OTHER PROGRAMS 2400 72671 BOOK GIFTS, TOYS, CLOTHES HOUSING ASSISTANCE 144 409202 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 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. THE ONLY TWO ELIGIBILITY CRITERIA FOR CLIENTS CONSIST OF A REFERRAL FROM AN AGENCY PARTNER AND ENSURING THE ADULT REFERRED IS A PARENT OR CAREGIVER OF A CHILD. X 14567911 RESALE VALUE X 60601 62341 RESALE VALUE false false false PART 1, COLUMN (B): OTHER - SCHOOL SUPPLIES AND PRECIOUS GIFT: 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 III, LINE 2: CLOTHING, HOUSEHOLD GOODS, AND HOUSING ASSISTANCE GRANTS WERE DISTRIBUTED TO VICTIMS OF THE MARSHALL FIRE. FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: 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 2022, GIVESPORTS PROVIDED OPPORTUNITY FUNDS, SPORTS EQUIPMENT AND SKILLS CAMPS TO 18,412 CHILDREN IN NEED. 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 2022, 17,215 CHILDREN WERE PROVIDED WITH BIRTHDAY AND HOLIDAY PRESENTS AND SPECIALLY MADE BIRTHDAY TREATS, A VALUE OF OVER $853,908. INSPIRING MINDS PROVIDES ACCESS TO STEM-BASED ACTIVITIES TO CHILDREN VISITING A PRECIOUS CHILD'S RESOURCE CENTER AND THROUGH EDUCATIONAL, TAKE-HOME STEM KITS. THE INSPIRING MINDS CENTER WAS CLOSED IN 2021 DUE TO THE COVID-19 PANDEMIC; HOWEVER, IN 2022 1,602 CHILDREN RECEIVED STEM KITS. 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 658 CHILDREN IN 2022. 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 140 CHILDREN IN 2022. FORM 990, PART VI, SECTION B, LINE 11B: BEFORE FILING THE 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 BOARD REVIEWS THE COMPENSATION OF ALL OTHER OFFICES 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. THE CEO'S COMPENSATION WAS LAST REVIEWED IN MAY 2022. 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. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT IN THIS PROCESS.