Totals
- Total revenue
- $15,927,172
- Total expenses
- $16,764,424
- Contributions and grants received
- $15,306,721
- Grants paid
- $11,246,254
- Program service revenue
- $0
- Investment income
- $563,999
- Other revenue
- $56,452
- Total assets, end of year
- $10,984,322
- Total liabilities, end of year
- $4,509,762
- Net assets or fund balances, end of year
- $6,474,560
- Program services expenses (Part IX)
- $14,671,638
- Management and general expenses
- $834,386
- Fundraising expenses
- $1,258,400
- Program service expenses (Part III)
- $14,671,638
Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$139,818
-
1e · Government grants (contributions)
$872,340
-
1f · All other contributions, gifts and grants
$14,294,563
-
1g · Noncash contributions included above
$10,724,417
-
3 · Investment income
total $41,650 · excluded $41,650
-
7a · Gross sales of assets other than inventory
other assets $1,902,981
-
7b · Less cost or other basis and sales expenses
other assets $1,380,632
-
7c · Gain or loss
other assets $522,349
-
7d · Net gain or loss
total $522,349 · excluded $522,349
-
8a · Fundraising events: gross income
$238,974
-
8a · Fundraising events: contributions included on line 1c
$139,818
-
8b · Fundraising events: direct expenses
$288,681
-
8c · Net income from fundraising events
total -$49,707 · excluded -$49,707
-
10a · Gross sales of inventory
$18,430
-
10b · Cost of goods sold
$1,384
-
10c · Net income from sales of inventory
total $17,046 · related or exempt $2,909 · excluded $14,137
-
11a · Other revenue: OTHER INCOME
total $89,113 · excluded $89,113
-
11e · Other revenue, total
$89,113
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $11,246,254 · program services $11,246,254
-
5 · Compensation of officers, directors and key employees
total $572,609 · program services $331,868 · management and general $84,349 · fundraising $156,392
-
7 · Other salaries and wages
total $2,470,600 · program services $1,427,295 · management and general $364,954 · fundraising $678,351
-
8 · Pension plan contributions
total $20,384 · program services $11,865 · management and general $3,866 · fundraising $4,653
-
9 · Other employee benefits
total $131,374 · program services $105,986 · management and general $7,366 · fundraising $18,022
-
10 · Payroll taxes
total $263,151 · program services $162,192 · management and general $39,719 · fundraising $61,240
-
11c · Fees: accounting
total $15,919 · program services $9,695 · management and general $2,302 · fundraising $3,922
-
11g · Fees: other
total $308,488 · program services $114,998 · management and general $175,990 · fundraising $17,500
-
12 · Advertising and promotion
total $139,312 · program services $114,528 · management and general $6,787 · fundraising $17,997
-
13 · Office expenses
total $146,189 · program services $60,667 · management and general $51,887 · fundraising $33,635
-
14 · Information technology
total $137,332 · program services $45,549 · management and general $19,653 · fundraising $72,130
-
16 · Occupancy
total $194,581 · program services $148,063 · management and general $15,435 · fundraising $31,083
-
17 · Travel
total $16,853 · program services $2,986 · management and general $340 · fundraising $13,527
-
19 · Conferences, conventions and meetings
total $290 · program services $290
-
20 · Interest
total $172,191 · program services $149,408 · management and general $16,403 · fundraising $6,380
-
22 · Depreciation, depletion and amortization
total $179,373 · program services $154,194 · management and general $8,826 · fundraising $16,353
-
23 · Insurance
total $59,983 · program services $54,204 · management and general $2,567 · fundraising $3,212
-
24a · Other expenses: PROGRAM EXPENSES
total $423,408 · program services $423,408
-
24b · Other expenses: SPECIAL EVENTS
total $64,892 · fundraising $64,892
-
24c · Other expenses: STAFF AND BOARD DEVELOP
total $61,460 · program services $32,850 · management and general $16,585 · fundraising $12,025
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $48,961 · program services $44,201 · management and general $2,829 · fundraising $1,931
-
24e · All other expenses
total $90,820 · program services $31,137 · management and general $14,528 · fundraising $45,155
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $705,218 · end of year $345,559
-
2 · Savings and temporary cash investments
beginning of year $2,693,834 · end of year $3,887,111
-
3 · Pledges and grants receivable
beginning of year $121,667 · end of year $247,895
-
8 · Inventories for sale or use
beginning of year $1,926,657 · end of year $1,514,120
-
9 · Prepaid expenses and deferred charges
beginning of year $96,834 · end of year $90,302
-
10a · Land, buildings and equipment: cost or other basis
$5,642,861
-
10b · Land, buildings and equipment: accumulated depreciation
$830,855
-
10c · Land, buildings and equipment, net
beginning of year $6,347,681 · end of year $4,812,006
-
11 · Investments: publicly traded securities
beginning of year $57,687 · end of year $67,937
-
15 · Other assets
beginning of year $105,234 · end of year $19,392
-
17 · Accounts payable and accrued expenses
beginning of year $424,179 · end of year $280,544
-
23 · Secured mortgages and notes payable
beginning of year $4,305,961 · end of year $4,208,643
-
25 · Other liabilities
beginning of year $104,472 · end of year $20,575
-
27 · Net assets without donor restrictions
beginning of year $6,435,308 · end of year $5,692,394
-
28 · Net assets with donor restrictions
beginning of year $784,892 · end of year $782,166
Mission and programs · 2024
Mission
A PRECIOUS CHILD PROVIDES CHILDREN IN NEED WITH OPPORTUNITIES AND RESOURCES TO EMPOWER THEM TO ACHIEVE THEIR FULL POTENTIAL.
Activities or mission (Part I)
A PRECIOUS CHILD EMPOWERS CHILDREN IN NEED TO ACHIEVE THEIR FULL POTENTIAL.
-
THE EMPOWERMENT RESOURCE CENTER 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 2024, A VALUE OF OVER $9.8 MILLION IN ESSENTIALS WERE PROVIDED TO NEARLY 40,000 LOCAL RESIDENTS IN NEED.
Expenses $11,931,087 · Grants $9,715,457
-
FILL A BACKPACK PROGRAM PROVIDES BACKPACKS FILLED WITH GRADE-APPROPRIATE SCHOOL SUPPLIES TO CHILDREN IN NEED TO MAXIMIZE THEIR ACADEMIC POTENTIAL. IN 2024, FILL A BACKPACK PROVIDED BACKPACKS TO 12,672 CHILDREN IN NEED.
Expenses $1,068,048 · Grants $757,710
-
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 2024, GIVESPORTS PROVIDED OPPORTUNITY FUNDS, SPORTS EQUIPMENT AND SKILLS CAMPS TO 11,498 PEOPLE IN NEED.
Expenses $251,370 · Grants $104,082
-
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 2024, 10,576 CHILDREN WERE PROVIDED WITH HOLIDAY PRESENTS, A VALUE OF OVER $634,560.
Expenses $935,249 · Grants $634,560
-
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 2,578 CHILDREN IN 2024.
-
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 160 CHILDREN IN 2024.
Expenses $58,029 · Grants $8,238
-
OTHER PROGRAMS:OTHER PROGRAMS PRECIOUS PERKS, AND PROGRAM-RELATED CAPITAL EXPENDITURES.
Expenses $427,855 · Grants $26,207 · Revenue $2,909
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jaylene KunzJAYLENE KUNZ
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Lisa CorleyLISA CORLEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Martha TateMARTHA TATE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Michael PrendergastMICHAEL PRENDERGAST
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
David DuranDAVID DURAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeanette DernJEANETTE DERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carina MartinCARINA MARTIN
CO-CEO & FOUNDER (THRU 03/24)
- Total calculated
- $334,924
- From this org
- $330,824
- From related orgs
- $0
- Other
- $4,100
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $35,458
- Bonus
- $0
- Other
- $295,366
- Deferred
- $0
- Nontaxable benefits
- $4,100
- Filer's total
- $334,924
-
Eric GleasonERIC GLEASON
CEO & PRESIDENT
- Total calculated
- $152,502
- From this org
- $149,615
- From related orgs
- $0
- Other
- $2,887
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,615
- Bonus
- $0
- Other
- $0
- Deferred
- $2,654
- Nontaxable benefits
- $233
- Filer's total
- $152,502
-
James AnthonyJAMES ANTHONY
VP OF FINANCE
- Total calculated
- $85,183
- From this org
- $83,247
- From related orgs
- $0
- Other
- $1,936
- Hours/week
- 40
-
Michael PainterMICHAEL PAINTER
CHIEF PHILANTHROPY OFFICER
- Total calculated
- $139,887
- From this org
- $136,526
- From related orgs
- $0
- Other
- $3,361
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4A
- CARINA MARTIN, SEVERANCE PAY, $295,366
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503169349302845
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