2019-11-15T15:05:14-06:00 2018-12-31 350921680 CROWE LLP 1801 California Street Suite 2200 Denver CO 802022635 990 2018-01-01 263349334 A Precious Child Inc APRE 3034664272 7051 W 118th Avenue Broomfield CO 80020 Carina Martin CEO 2019-11-15 true Shelley A Owens CPA P00517745 3038315000 2018 2020-04-17 16:48:07Z CARINA MARTIN 7051 W 118th Avenue Broomfield CO 80020 17989338 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. 12 11 45 6689 0 0 12241246 17843857 0 3312 63778 -141838 -147179 12102720 17760456 49150 69003 0 866879 995401 112962 664470 10975945 12501205 11891974 13678571 210746 4081885 1474369 7786964 32286 2275682 1442083 5511282 X A Precious Child provides children in need with opportunities and resources to empower them to achieve their full potential. false false 9275315 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 2018 A VALUE OF OVER $7,571,996 IN ESSENTIALS WERE PROVIDED TO NEARLY 15,253 LOCAL RESIDENTS IN NEED. 1373652 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. IN 2018 A VALUE OF OVER $1,154,756 IN BABY NECESSITIES WERE PROVIDED TO NEARLY 2,520 LOCAL RESIDENTS IN NEED. 937614 THE FILL A BACKPACK (F.A.B.) PROGRAM PROVIDES BACKPACKS FILLED WITH GRADE-APPROPRIATE SCHOOL SUPPLIES TO CHILDREN IN NEED TO MAXIMIZE THEIR ACADEMIC POTENTIAL. IN 2018 A VALUE OF OVER $856,300 IN BACKPACKS AND SCHOOL SUPPLIES WERE PROVIDED TO NEARLY 17,126 LOCAL RESIDENTS IN NEED. 1222956 69003 GiveSports (includes grants of $69,003), The Learning Center, Precious Gift, GiveArts, and Edussentials. 1222956 69003 12809537 true true false false false false false false false true false false false false true true false false false false false false true 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 45 true false false false false false true true true false false false false false X 12 11 false false false false false false false true true false false true true true true true true true true false X X James Anthony 3034664272 7051 W 118th Avenue Broomfield CO 80020 NATHANIEL CAREY TREASURER 3.0 X X 0 0 0 ANDY CONIGLIARO CHAIR 3.0 X X 0 0 0 STEPHEN KATSIRUBAS VICE CHAIR 3.0 X X 0 0 0 CARINA MARTIN FOUNDER/CEO 40.0 X X 11538 0 0 VALERIE FINBERG DIRECTOR 3.0 X 0 0 0 NANCY CLARK DIRECTOR 3.0 X 0 0 0 TOM CREWS DIRECTOR 3.0 X 0 0 0 MICHAEL SANDSTRUM DIRECTOR 3.0 X 0 0 0 JAMES HOFFNER DIRECTOR 3.0 X 0 0 0 LISA CORLEY DIRECTOR 3.0 X 0 0 0 CATHERINE DAVIS DIRECTOR 3.0 X 0 0 0 PAULA REYNOLDS DIRECTOR 3.0 X 0 0 0 11538 0 0 0 false false false Painter & Associates LLC 285 Centennial Drive Louisville CO 80027 Development 112962 1 685322 101090 17057445 13801872 17843857 0 0 0 0 0 63778 63778 0 0 0 0 81703 685322 228882 -147179 -147179 0 0 0 0 0 17760456 0 0 -83401 69003 69003 11537 6527 1456 3554 862647 551922 123142 187583 48861 27705 5660 15496 72356 46766 10055 15535 112962 112962 10146 6876 2457 813 58737 22131 1148 35458 128151 65426 21661 41064 40874 28865 1795 10214 309242 158080 23029 128133 43 21 22 60054 60054 51759 32021 3036 16702 37092 18812 2041 16239 Program Materials 11748641 11748032 12 597 Staff & Board Development 12151 5682 5219 1250 Vehicle Expenses 12262 12164 1 97 Volunteer expense 12944 4773 847 7324 19109 4731 3005 11373 13678571 12809537 204564 664470 943303 1120263 52889 307875 0 0 361481 2563184 53327 50422 3794289 67067 44710 3727222 18659 17998 0 0 0 0 1474369 7786964 32286 25682 0 0 2250000 0 0 32286 2275682 X 1313299 3609083 128784 1902199 0 0 1442083 5511282 1474369 7786964 4081885 -661 -12025 0 X false true X false false X 4593422 6459957 8460128 12241246 17843857 49598610 0 0 4593422 6459957 8460128 12241246 17843857 49598610 0 49598610 1594 740 5697 3312 63778 75121 0 0 0 0 0 0 0 0 49673731 0 0.9985 0.9997 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1470000 1470000 2264271 44031 2220240 23026 4605 18421 36992 18431 18561 3727222 0 X 18095282 -661 106605 228882 334826 17760456 0 0 17760456 14014058 106605 228882 335487 13678571 0 0 13678571 Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT ASSETS ARE COMPRISED OF ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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, 2018 and 2017. 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 2016. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Fundraising Expenses - 228882 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Fundraising expenses - 228882 X X X X X true Painter & Associates LLC 285 Centennial Drive Louisville CO 80027 Conducting capital campaign fundraising false 1989030 112962 1876068 1989030 112962 1876068 CO Gala 481242 418890 62352 154308 Broomfield Heroes Luncheon 141022 141022 0 20431 4 144761 125410 19351 54143 767025 685322 81703 228882 228882 -147179 Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses PAINTER & ASSOCIATES LLC-N/A; true SCHOLARSHIPS TO PARTICIPATE IN TEAM SPORTS 91 55249 SCHOLARSHIPS TO PARTICIPATE IN DANCE AND MUSIC PROGRAMS 13 9368 SCHOLARSHIPS FOR EDUCATIONAL ASSISTANCE FOR GRADE SCHOOL RECIPIENTS 8 4386 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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 12406485 Market value X SCHOOL SUPPLIES 47416 789439 Market value X PRESENTS 16198 605948 Market value 0 false false false Schedule M, Part I Explanations of reporting method for number of contributions Other - SCHOOL SUPPLIES The organization reports the donations based on the number of items received. Other - PRESENTS A Precious Child is reporting the number of items received. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,222,956 including grants of $ 69,003) GiveSports (includes grants of $69,003), The Learning Center, Precious Gift, GiveArts, and Edussentials. Form 990, Part VI, Line 11b Review of form 990 by governing body BEFORE FILING THE 990 IT IS REVIEWED BY THE CEO AND VICE PRESIDENT OF FINANCE & HUMAN RESOURCES 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, Line 12c Conflict of interest policy INQUIRIES ARE MADE AT BOARD MEETINGS TO ENSURE THAT EVERY MEMBER IS IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. TRANSACTIONS WITH A 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, Line 15a Process to establish compensation of top management official 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 PROCESS WAS UNDERTAKEN IN THE MONTH PRIOR TO WHEN OUR CEO FIRST BEGAN TAKING A SALARY, WHICH WAS IN NOVEMBER 2018. Form 990, Part VI, Line 15b Process to establish compensation of other employees 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, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.