2021-11-09T19:13:58-06:00 2020-12-31 BDO USA LLP 4999 Pearl E Circle Ste 300 Boulder CO 80301 990 2020-01-01 263349334 A Precious Child Inc % CARINA MARTIN APRE 3034664272 7051 W 118th Avenue Broomfield CO 80020 CARINA MARTIN CEO 3034664272 2021-11-15 true CARINA MARTIN 000000000 Mark Lumsden CPA Partner P00743036 3034400399 2021-11-15 2020 2022-09-23 18:48:47Z CARINA MARTIN 7051 W 118th Avenue Broomfield CO 80020 11744792 false X www.apreciouschild.org X 2008 CO A PRECIOUS CHILD PROVIDES CHILDREN IN NEED WITH OPPORTUNITIES AND RESOURCES TO EMPOWER THEM TO ACHIEVE THEIR FULL POTENTIAL. 10 10 52 4250 0 18804873 11668425 0 0 3037 6287 -176859 5370 18631051 11680082 68876 11976 0 0 1477411 1586758 0 0 683848 16280826 9669107 17827113 11267841 803938 412241 10277120 10917560 3958105 4185032 6319015 6732528 X A PRECIOUS CHILD PROVIDES CHILDREN IN NEED WITH OPPORTUNITIES AND RESOURCES TO EMPOWER THEM TO ACHIEVE THEIR FULL POTENTIAL. false false 6003231 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 37 SATELLITE RESOURCE CENTERS ACROSS THE DENVER METRO AREA. IN 2020, A VALUE OF OVER $8.9 MILLION IN ESSENTIALS WERE PROVIDED TO OVER 77,000 LOCAL RESIDENTS IN NEED. 1179119 FILL A BACKPACK PROGRAM PROVIDES BACKPACKS FILLED WITH GRADE-APPROPRIATE SCHOOL SUPPLIES TO CHILDREN IN NEED TO MAXIMIZE THEIR ACADEMIC POTENTIAL. IN 2020, FILL A BACKPACK PROVIDED BACKPACKS TO 21,768 CHILDREN IN NEED. 1160930 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 2020, BASICS 4 BABIES PROVIDED DIAPERS, WIPES,FORMULA, AND OTHER BABY ESSENTIALS TO 8,972 INFANTS AND TODDLERS IN NEED. 2007165 10350445 true true false false false false false false false true true false false false false 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 3 0 true 52 true false false false false false true true false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false X X CARINA MARTIN 3034664272 7051 W 118TH AVENUE BROOMFIELD CO 80020 Michael Painter CHIEF PHILANTHROPY Officer 40.0 0.0 X 103024 0 5852 Carina Martin CEO & Founder 40.0 0.0 X X 95500 0 0 Andy Conigliaro Chair 3.0 0.0 X X 0 0 0 Jimmy Hoffner Director 1.0 0.0 X 0 0 0 Nate Carey Treasurer 2.0 0.0 X X 0 0 0 Valerie Finberg Secretary 1.0 0.0 X X 0 0 0 Lisa Corley Director 1.0 0.0 X 0 0 0 Tom Crews Director 1.0 0.0 X 0 0 0 Catherine Davis Director 1.0 0.0 X 0 0 0 Steve Katsirubas Director 1.0 0.0 X 0 0 0 Meg Dingae Vice Chair 1.0 0.0 X X 0 0 0 Isaac Sendros Director 1.0 0.0 X 0 0 0 198524 0 5852 1 false false false 0 528344 75851 11064230 7594346 11668425 0 6287 6287 0 0 0 0 0 0 64710 528344 64710 0 0 0 0 0 0 MISCELLANEOUS REVENUE 5370 5370 5370 11680082 11657 0 11976 11976 0 0 95500 59210 17190 19100 0 1272672 784810 102406 385456 7861 5761 1541 559 96394 62481 5143 28770 114331 71264 9561 33506 0 0 0 0 0 0 59400 16441 2549 40410 62867 45263 2335 15269 152613 74068 53185 25360 54481 35329 4726 14426 0 79647 73417 3444 2786 8300 4671 56 3573 0 0 123950 57900 4326 61724 0 87446 50042 5567 31837 12882 12224 595 63 PROGRAM MATERIALS 8895142 8895142 EVENT EXPENSES 51597 36943 5520 9134 STAFF & BOARD DEVELOPMENT 38210 25075 4252 8883 BAD DEBT 23302 17993 4110 1199 19270 10435 7042 1793 11267841 10350445 233548 683848 346949 673487 924582 2298788 246640 100185 0 0 0 0 0 0 0 0 3119705 2218279 95756 81034 5757990 238361 5522005 5519629 21483 26158 0 0 0 0 0 0 0 0 10277120 10917560 80041 104859 0 0 2950 0 0 0 0 0 0 0 3875114 4080173 0 0 0 0 3958105 4185032 X 4399950 4863295 1919065 1869233 6319015 6732528 10277120 10917560 412241 1272 X X false true X true false X 8460128 12241246 17843857 18804873 11668425 69018529 0 0 8460128 12241246 17843857 18804873 11668425 69018529 0 69018529 5697 3312 63778 3037 6287 82111 0 0 69100640 410576 0.99881 0.99880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21483 4675 26158 17998 3485 21483 18659 -661 17998 14944 3715 18659 13165 1779 14944 1.00000 false false 3297881 3297881 2030000 134467 1895533 234271 60522 173749 156543 43372 113171 39295 39295 5519629 0 0 X 11804554 1272 58490 64710 124472 11680082 11680082 11391041 58490 64710 123200 11267841 11267841 PART V, LINE 4: ENDOWMENT ASSETS ARE COMPRISED OF ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIATION 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, 2020 AND 2019. Part XI, Line 2d - Other adjustments: Special event expenses $64,710 Part XII, Line 2d - Other Adjustments: Special event expenses $64,710 GALA 469571 435342 34229 13981 5421 9656 5171 GOLF TOURNAMENT 111744 84544 27200 5963 18653 2003 581 1 11739 8458 3281 31 2103 134 1013 593054 528344 64710 19975 20756 7558 9656 6765 64710 true Opportunity Funds for Team Sports 16 4491 Opportunity Funds for Dance/Music/Art Programs 24 2580 Opportunity Funds for Educational Assistance 1151 4905 Part I, LINE 2: OPPORTUNITY FUND CHECKS ARE NEVER WRITTEN DIRECTLY TO THE RECIPIENT OF THE FUNDS. OPPORTUNITY FUND 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 FUNDS. X 6393226 FAIR MARKET VALUE X SCHOOL SUPPLIES 0 741123 FAIR MARKET VALUE X PRECIOUS GIFT 0 453384 FAIR MARKET VALUE X GALA AUCTION 0 6613 Fair Market Value false false false SCHEDULE M, 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 AS IT WOULD BE AN ENORMOUS TASK, BUT RATHER BY BUNDLE. FORM 990, PART III, 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. GIVESPORTS PROVIDED OPPORTUNITY FUNDS AND SPORTS EQUIPMENT TO 13,983 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 2020, MORE THAN 14,219 CHILDREN WERE PROVIDED WITH BIRTHDAY AND HOLIDAY PRESENTS, A VALUE OF OVER $695,000. 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 2020 DUE TO THE COVID-19 PANDEMIC; HOWEVER, 347 CHILDREN RECEIVED STEM KITS IN ORDER TO REMAIN ACADEMICALLY ENGAGED THROUGHOUT THE PANDEMIC. 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 1,551 CHILDREN IN 2020. 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 24 CHILDREN IN 2020. 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 CONFLICT 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 DETERMINED 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. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2021. 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.