2020-08-24T13:51:17-05:00 2019-12-31 135381590 BDO USA LLP 4999 PEARL EAST CIRCLE SUITE 300 BOULDER CO 80301 990 2019-01-01 263349334 A PRECIOUS CHILD INC APRE 3034664272 7051 W 118TH AVENUE BROOMFIELD CO 80020 CARINA MARTIN CEO & FOUNDER 3034664272 2020-08-19 1 CHRISTINE LUDWIG CPA P01230006 3034400399 4.79.176.234 2020-08-19 10:34:18 MD P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 677F143B40DA25D58856B2098030EC3615D37739 2019 2020-11-19 02:30:22Z CARINA MARTIN 7051 W 118TH AVENUE BROOMFIELD CO 80020 18825380 0 X WWW.APRECIOUSCHILD.ORG X 2008 CO A PRECIOUS CHILD EMPOWERS CHILDREN IN NEED TO ACHIEVE THEIR FULL POTENTIAL. 10 9 45 9209 0 0 17843857 18804873 0 0 63778 3037 -147179 -176859 17760456 18631051 69003 68876 0 0 995401 1477411 0 0 525993 12614167 16280826 13678571 17827113 4081885 803938 7786964 10277120 2275682 3958105 5511282 6319015 X A PRECIOUS CHILD PROVIDES CHILDREN IN NEED WITH OPPORTUNITIES AND RESOURCES TO EMPOWER THEM TO ACHIEVE THEIR FULL POTENTIAL. 0 0 12568207 PRECIOUS ESSENTIALS PROVIDES CLOTHING, COATS, SHOES, 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 2019, A VALUE OF OVER $11 MILLION IN ESSENTIALS WERE PROVIDED TO NEARLY 17,654 LOCAL RESIDENTS IN NEED. 1644418 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 2019, BASICS 4 BABIES PROVIDED DIAPERS, WIPES, FORMULA AND OTHER BABY ESSENTIALS TO 4,215 FAMILIES IN NEED. 1125349 FILL A BACKPACK PROGRAM PROVIDES BACKPACKS FILLED WITH GRADE-APPROPRIATE SCHOOL SUPPLIES TO CHILDREN IN NEED TO MAXIMIZE THEIR ACADEMIC POTENTIAL. IN 2019, FILL A BACKPACK PROVIDED BACKPACKS TO 20,103 CHILDREN IN NEED. 1646894 68876 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 SCHOLARSHIPS AND SPORTS EQUIPMENT TO 17,612 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 2019, MORE THAN 14,066 CHILDREN WERE PROVIDED WITH BIRTHDAY AND HOLIDAY PRESENTS, A VALUE OF OVER $652,000.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 SERVED 1,557 CHILDREN IN 2019.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 1,635 CHILDREN IN 2019.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 72 CHILDREN IN 2019. 1646894 68876 16984868 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 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 1 0 1 45 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X CARINA MARTIN 3034664272 7051 W 118TH AVENUE BROOMFIELD CO 80020 ANDY CONIGLIARO CHAIR 3.00 X X 0 0 0 JIMMY HOFFNER VICE CHAIR 3.00 X X 0 0 0 NATE CAREY TREASURER 3.00 X X 0 0 0 VALERIE FINBERG SECRETARY 3.00 X X 0 0 0 LISA CORLEY DIRECTOR 3.00 X 0 0 0 TOM CREWS DIRECTOR 3.00 X 0 0 0 CATHERINE DAVIS DIRECTOR 3.00 X 0 0 0 STEVE KATSIRUBAS DIRECTOR 3.00 X 0 0 0 PAULA REYNOLDS DIRECTOR 3.00 X 0 0 0 CARINA MARTIN CEO AND FOUNDER 40.00 X X 100000 0 0 MIKE PAINTER CHIEF PHILANTHROPY OFFICER 40.00 X 144245 0 6436 244245 0 6436 1 0 1 0 0 916015 117161 17771697 15763115 18804873 3037 3037 13406 916015 194329 -180923 -180923 MISCELLANEOUS REVENUE 900099 4064 4064 4064 18631051 0 0 -173822 68876 68876 250682 85000 10000 155682 1052216 687219 133104 231893 7551 4923 1925 703 49797 29298 2939 17560 117165 70989 13451 32725 67378 47233 10115 10030 65183 44943 8398 11842 116059 44052 54962 17045 39565 33986 2189 3390 141039 128347 7505 5187 8565 4007 337 4221 132798 119518 5312 7968 83846 70763 6362 6721 10361 9366 911 84 PROGRAM MATERIALS 15491790 15491790 0 0 BAD DEBT 45437 5297 40140 0 STAFF & BOARD DEVELOPME 21986 17678 4126 182 EVENT EXPENSES 15516 0 2372 13144 41303 21583 12104 7616 17827113 16984868 316252 525993 281914 346949 838349 924582 307875 246640 2563184 3119705 50422 95756 5672918 150913 3727222 5522005 17998 21483 7786964 10277120 25682 80041 0 2950 2250000 3875114 2275682 3958105 X 3609083 4399950 1902199 1919065 5511282 6319015 7786964 10277120 803938 3485 310 0 X X 0 1 X 1 0 X 6459957 8460128 12241246 17843857 18804873 63810061 6459957 8460128 12241246 17843857 18804873 63810061 63810061 740 5697 3312 63778 3037 76564 63886625 487997 0.99880 0.99850 X 17998 3485 21483 18659 -661 17998 14944 3715 18659 13165 1779 14944 12942 223 13165 1.00000 0 0 3297881 3297881 2264271 119510 2144761 23026 9210 13816 87740 22193 65547 5522005 X 18901820 3485 72955 194329 270769 18631051 0 18631051 18094087 72645 194329 266974 17827113 0 17827113 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, 2019 AND 2018. 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 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 194,329. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 194,329. GALA 526562 526562 13590 6531 49778 27859 8104 BROOMFIELD LUNCHEON 173885 173885 7443 19248 5 228974 215568 13406 195 32825 25683 975 2098 929421 916015 13406 13785 46799 94709 28834 10202 194329 -180923 1 SCHOLARSHIP FOR TEAM SPORTS 530 45250 SCHOLARSHIP FOR DANCE, MUSIC AND ARTS PROGRAMS 79 4942 SCHOLARSHIPS FOR EDUCATIONAL ASSISTANCE FOR GRADE SCHOOL RECIPIENTS 1653 18684 PART I, LINE 2: SCHOLARSHIP CHECKS ARE NEVER WRITTEN DIRECTLY TO THE RECIPIENT OF THE SCHOLARSHIP. 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. X X X X 0 0 0 0 0 0 0 0 0 MIKE PAINTER CHIEF PHILANTHROPY OFFICER 144245 0 0 0 0 0 0 0 6436 0 150681 0 0 0 PART I, LINE 3 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 AND THE BOARD OF TRUSTEES DETERMINED THE CEO'S COMPENSATION USING THE PROCESS DESCRIBED. 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. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2019. X 14115349 FAIR MARKET VALUE X SCHOOL SUPPLIES 0 1030800 FAIR MARKET VALUE X PRECIOUS GIFT 0 616966 FAIR MARKET VALUE 0 0 0 0 PART I, 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. 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 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. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2019. 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.