Form 990 for tax year 2025
Filed by SPECIAL TREASURES OF IREDELL COUNTY INC.
Totals
- Total revenue
- $757,194
- Total expenses
- $596,935
- Contributions and grants received
- $145,974
- Grants paid
- $37,330
- Program service revenue
- $573,452
- Investment income
- $37,768
- Other revenue
- $0
- Total assets, end of year
- $2,248,787
- Total liabilities, end of year
- $92,621
- Net assets or fund balances, end of year
- $2,156,166
- Program services expenses (Part IX)
- $518,985
- Management and general expenses
- $77,299
- Fundraising expenses
- $651
- Program service expenses (Part III)
- $518,985
Program services were 86.9% 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
$145,974
-
2a · Program service revenue: Program Service Revenue
total $573,452 · related or exempt $573,452
-
3 · Investment income
total $37,768 · excluded $37,768
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $37,330 · program services $37,330
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $265,329 · program services $252,063 · management and general $13,266
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $23,015 · program services $21,864 · management and general $1,151
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $2,295 · management and general $2,295
-
11g · Fees: other
total $27,703 · program services $10,456 · management and general $17,247
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,117 · program services $3,938 · management and general $179
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $23,873 · program services $22,679 · management and general $1,194
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $35,700 · program services $33,915 · management and general $1,785
-
23 · Insurance
total $28,341 · management and general $28,341
-
24a · Other expenses: Repairs and Maintenance
total $53,523 · program services $50,847 · management and general $2,676
-
24b · Other expenses: Direct Assistance
total $50,209 · program services $50,209
-
24c · Other expenses: Vehicle Expense
total $31,927 · program services $31,927
-
24d · Other expenses: Cost of goods sold
total $4,699 · program services $3,757 · management and general $942
-
24e · All other expenses
total $8,874 · management and general $8,223 · fundraising $651
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $809,358 · end of year $309,021
-
2 · Savings and temporary cash investments
beginning of year $174,546 · end of year $179,047
-
3 · Pledges and grants receivable
beginning of year $50,000 · end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $51,695 · end of year $51,695
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,462,281
-
10b · Land, buildings and equipment: accumulated depreciation
$44,111
-
10c · Land, buildings and equipment, net
beginning of year $638,266 · end of year $1,418,170
-
11 · Investments: publicly traded securities
beginning of year $294,975 · end of year $290,854
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $8,429 · end of year $8,591
-
19 · Deferred revenue
beginning of year $14,504 · end of year $7,421
-
25 · Other liabilities
end of year $76,609
-
27 · Net assets without donor restrictions
beginning of year $1,444,612 · end of year $1,648,264
-
28 · Net assets with donor restrictions
beginning of year $551,295 · end of year $507,902
Mission and programs · 2025
Mission
To provide work opportunities for foster youth an young adults. The organization provides the opportunity to learn sales, merchandising, furniture reupolstering, painting and repair. They also help to obtain internships and community mentors for foster youth and provide transitional housing to those who are no longer eligible for foster care. The organization also provides support to young adults that have aged out of the foster system as they transition to independent living.
-
Special Treasures is a thrift store with a work force development program for youth in foster care or with foster care experience in Iredell County. We provide emmployment, training, further education opportunities, savings match program, car program for eligible youth and support to transition into independent living for the aged out youth.
Expenses $518,985
As filed on the 2025 return.
Listed in Part VII
-
Kathy Kranz
President
- Total calculated
- $0
- Hours/week
- 35
-
Karen Evans
Vice President
- Total calculated
- $0
- Hours/week
- 16
-
Brenda Speece
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Tausha Simpson
Treasurer
- Total calculated
- $0
- Hours/week
- 16
-
James Staples
Member
- Total calculated
- $0
- Hours/week
- 1
-
Don Koepnick
Member
- Total calculated
- $0
- Hours/week
- 0
-
Patricia Schlageter
Member
- Total calculated
- $0
- Hours/week
- 40
-
Michael Baker
Member
- Total calculated
- $0
- Hours/week
- 0
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
-
$37,330
Education
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 3 August 2026
- IRS schema version
- 2025v4.1
- Source object
- 202602159349300150
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