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Nonprofiteer
← TREASURE HAUS INC

Form 990 for tax year 2023

Filed by TREASURE HAUS INC.

Totals

Total revenue
$278,191
Total expenses
$204,901
Contributions and grants received
$3,943
Grants paid
$38,910
Program service revenue
$0
Investment income
$35
Other revenue
$274,213
Total assets, end of year
$444,344
Total liabilities, end of year
$115,944
Net assets or fund balances, end of year
$328,400
Program services expenses (Part IX)
$187,231
Management and general expenses
$17,670
Fundraising expenses
$0
Program service expenses (Part III)
$187,231

Program services were 91.4% 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.

  • 1f · All other contributions, gifts and grants

    $3,943

  • 3 · Investment income

    total $35 · excluded $35

  • 10a · Gross sales of inventory

    $274,563

  • 10b · Cost of goods sold

    $350

  • 10c · Net income from sales of inventory

    total $274,213 · related or exempt $274,213

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $38,910 · program services $38,910

  • 7 · Other salaries and wages

    total $89,076 · program services $83,049 · management and general $6,027

  • 10 · Payroll taxes

    total $6,988 · program services $5,590 · management and general $1,398

  • 11c · Fees: accounting

    total $7,156 · management and general $7,156

  • 12 · Advertising and promotion

    total $1,630 · program services $1,630

  • 13 · Office expenses

    total $3,089 · management and general $3,089

  • 16 · Occupancy

    total $25,926 · program services $25,926

  • 20 · Interest

    total $4,797 · program services $4,797

  • 22 · Depreciation, depletion and amortization

    total $8,297 · program services $8,297

  • 23 · Insurance

    total $5,046 · program services $5,046

  • 24a · Other expenses: SUPPLIES

    total $7,997 · program services $7,997

  • 24b · Other expenses: CREDIT CARD FEES

    total $3,839 · program services $3,839

  • 24c · Other expenses: TELEPHONE & INTERNET

    total $1,750 · program services $1,750

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $400 · program services $400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $781 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $32,865 · end of year $59,447

  • 4 · Accounts receivable

    beginning of year $649 · end of year $1,030

  • 8 · Inventories for sale or use

    beginning of year $350 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $448,987

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,320

  • 10c · Land, buildings and equipment, net

    beginning of year $391,964 · end of year $383,667

  • 18 · Grants payable

    beginning of year $34,449

  • 23 · Secured mortgages and notes payable

    beginning of year $133,829 · end of year $111,735

  • 25 · Other liabilities

    beginning of year $3,221 · end of year $4,209

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $255,110 · end of year $328,400

Mission and programs · 2023

Mission

THE MISSION OF THE TREASURE HAUS IS TO RESELL GOOD QUALITY, DONATED ITEMS TO RAISE MONEY FOR MINNESOTA VALLEY LUTHERAN HIGH SCHOOL (MVL) AND OTHER WELS AND ELS MISSIONS AND PROJECTS. AS BROTHERS AND SISTERS IN CHRIST THEY STIVE TO CARRY OUT THIS MISSION IN A FRIENDLY ATMOSPHERE WITH CARING AND RESPECT FOR THEIR CUSTOMERS AND VOLUNTEERS, AND FOR THE GOOD OF THE COMMUNITY AND ENVIRONMENT.

Activities or mission (Part I)

SELLING DONATED CLOTHING AND HOUSEWARES AND PROVIDING FUNDS AND GRANTS TO CHURCH RELATED NONPROFIT MINISTRIES.

  • SELLING DONATED CLOTHING AND HOUSEWARES, PROVIDING GRANTS TO CHURCH RELATED NONPROFIT MINISTRIES.

    Expenses $187,231 · Grants $38,910 · Revenue $274,213

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jill Peterson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nancy Sponholz

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Jill Roux

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dean Lochner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathy Lotito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Klockziem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
29 January 2024
IRS schema version
2023v4.0
Source object
202400299349301810

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