2020-09-22T10:44:10-07:00 2019-12-31 752593210 Sutton Frost Cary LLP 600 Six Flags Dr Suite 600 Arlington TX 76011 990 2019-01-01 463947870 TREASURED VESSELS FOUNDATION FKA CHOSEN FAMILY TREA 2145075050 PO BOX 2256 FRISCO TX 75034 ALICIA BUSH CEO 2020-09-22 true Amy Michie P00956657 8176498083 2019 2021-01-29 14:40:06Z ALICIA BUSH PO BOX 2256 FRISCO TX 75034 249034 false X WWW.TREASUREDVESSELSFOUNDATION.ORG X 2013 TX Treasured Vessels Foundation is devoted to providing a long-term safe place for healing and growth to individuals impacted by trauma from exploitation in sex trafficking. 5 5 0 0 183538 233109 735 0 7 5 -4631 -2665 179649 230449 0 0 0 59687 0 33324 24534 148926 84221 148926 95428 81523 156369 245009 1320 8437 155049 236572 Treasured Vessels Foundation is devoted to providing a long-term safe place for healing and growth to individuals impacted by trauma from exploitation in sex trafficking. The Foundation aims to provide these services through building shelters, therapy as part of the healing process and restoring hope for the future. The Foundation officially began program operations in November 2019. false false 71527 Treasured Vessels Foundation is devoted to providing a long-term safe place for healing and growth to individuals impacted by trauma from exploitation in sex trafficking. 71527 true true false false false false false false false false true false false true false true true false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false true 10 0 true 0 false false false false false false false 0 false false false false false false false X 5 5 true false false false false false false true true false false true true true true true true false false false X ABIGAIL OURS 2145075050 PO BOX 2256 FRISCO TX 75034 X ALICIA BUSH CEO & PRESIDENT 40.00 0.00 X X 0 0 0 DAVID BECKETT Director 1.00 0.00 X 0 0 0 DAVID POTENZA Director 1.00 0.00 X 0 0 0 JAMES EDGERTON Director 1.00 0.00 X 0 0 0 DUGAN KELLEY Director 1.00 0.00 X 0 0 0 0 false false false 0 47045 186064 34064 233109 0 5 5 0 0 0 0 14000 47045 18585 -4585 -4585 0 0 OTHER INCOME 900099 1920 1920 1920 230449 1920 -4580 X 0 0 0 0 0 0 0 0 0 0 0 0 10278 10278 0 0 0 95063 45981 19401 29681 0 18203 8965 6600 2638 0 0 0 843 843 0 0 0 0 3058 3058 0 SUPPLIES AND FURNISHINGS 10082 10082 PUBLIC AWARENESS 6499 6499 OTHER 3314 3314 TRANSACTION FEES 1586 581 1005 0 148926 71527 44075 33324 124707 125569 0 0 0 0 0 0 0 5000 67917 100 67917 0 0 0 0 31562 46523 156369 245009 1320 8437 1320 8437 X 116508 176823 38541 59749 155049 236572 156369 245009 81523 X false true X true false X 88596 101522 189033 233109 612260 0 0 88596 101522 189033 233109 612260 52148 560112 1 7 5 13 0 1920 1920 614193 67587 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64850 64850 3067 3067 67917 Construction In Progress 46523 46523 X 230449 230449 230449 148926 148926 148926 Part X : FIN48 Footnote The Foundation is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Foundations exempt purposes is subject to tax under IRC Section 511. The Foundation had no unrelated business income for the year ended December 31, 2019. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Foundations tax return and recognition of a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. false Concert 61045 47045 14000 165 991 9000 8429 61045 47045 14000 165 991 9000 8429 18585 -4585 X 9064 FMV X LAND 1 25000 FMV false false false Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et David Beckett is the CFO for a company owned by the CEOs spouse. Form 990, Part VI, Line 11b: Form 990 Review Process ALL BOARD MEMBERS WILL RECIEVE A COPY OF THE FORM 990 PRIOR TO FILING. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts the volunteer CEO reviews COI policies and maintains transparency throughout organization and director meetings. If a director has a conflict then they are required to recuse themself from the discussion and vote. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available UPON REQUEST. FORM 990, PART VIII INCOME FROM FUNDRAISING EVENTS The net economic benefit from our fundraising event is calculated as follows:Contributions from fundraising event reported on Part I, line 6b $ 47,045Gross income from fundraising event reported on Part I, line 6b 14,000Less: Direct costs of event reported on part I, Line 6c (18,585) Net economic benefit of fundraising event $ 42,460