Civic Intelligence

Treasured Vessels Foundation

990 • Fiscal year 2019 • EIN 46-3947870

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 22, 2020

Organization ProfileWWW.TREASUREDVESSELSFOUNDATION.ORG
PO Box 2256Frisco, TX 75034

(214) 507-5050

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

86th percentile

57%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

28%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$245,009

Up $88,640 (+57%) from 2018

Net Assets

Up

$236,572

Up $81,523 (+53%) from 2018

Liabilities

Up

$8,437

Up $7,117 (+539%) from 2018

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin86th percentile

Revenue

Up

$230,449

Up $50,800 (+28%) from 2018

Expenses

Up

$148,926

Up $64,705 (+77%) from 2018

Net Income

Down

$81,523

Down $13,905 (-15%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2016: $50,586Liabilities 2016: $0Net Assets 2016: $50,5862016Assets 2017: $62,876Liabilities 2017: $0Net Assets 2017: $62,8762017Assets 2018: $156,369Liabilities 2018: $1,320Net Assets 2018: $155,0492018Assets 2019: $245,009Liabilities 2019: $8,437Net Assets 2019: $236,5722019Assets 2020: $406,903Liabilities 2020: $37,973Net Assets 2020: $368,9302020Assets 2021: $761,027Liabilities 2021: $265,476Net Assets 2021: $495,5512021Assets 2022: $815,837Liabilities 2022: $259,883Net Assets 2022: $555,9542022Assets 2023: $667,591Liabilities 2023: $217,463Net Assets 2023: $450,1282023Assets 2024: $826,270Liabilities 2024: $214,183Net Assets 2024: $612,0872024

Highlighted filing

2019

Assets$245,009
Liabilities$8,437
Net Assets$236,572
Open 2019 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $84,580Expenses 2016: $33,994Net Income 2016: $50,5862016Revenue 2017: $87,370Expenses 2017: $75,080Net Income 2017: $12,2902017Revenue 2018: $179,649Expenses 2018: $84,221Net Income 2018: $95,4282018Revenue 2019: $230,449Expenses 2019: $148,926Net Income 2019: $81,5232019Revenue 2020: $543,344Expenses 2020: $408,248Net Income 2020: $135,0962020Revenue 2021: $744,355Expenses 2021: $617,734Net Income 2021: $126,6212021Revenue 2022: $792,625Expenses 2022: $688,733Net Income 2022: $103,8922022Revenue 2023: $635,941Expenses 2023: $741,767Net Income 2023: -$105,8262023Revenue 2024: $512,370Expenses 2024: $352,433Net Income 2024: $159,9372024

Highlighted filing

2019

Revenue$230,449
Expenses$148,926
Net Income$81,523
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 22, 2020
Return Version
2019v5.0
Gross Receipts
$249,034
Mission and Program Overview

Mission

Treasured Vessels Foundation is devoted to providing a long-term safe place for healing and growth to individuals impacted by trauma from exploitation in sex trafficking. The Foundation aims to provide these services through building shelters, therapy as part of the healing process and restoring hope for the future. The Foundation officially began program operations in November 2019.

Treasured Vessels Foundation is devoted to providing a long-term safe place for healing and growth to individuals impacted by trauma from exploitation in sex trafficking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$124,707$125,569▲ $862
Land, Buildings, and Equipment, Net$100$67,917▲ $67,817
Prepaid Expenses and Deferred Charges-$5,000-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$156,369$245,009▲ $88,640
Other Assets Total$31,562$46,523▲ $14,961
Liabilities
Accounts Payable and Accrued Expenses$1,320$8,437▲ $7,117
Total Liabilities$1,320$8,437▲ $7,117
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$116,508$176,823▲ $60,315
Net Assets With Donor Restrictions$38,541$59,749▲ $21,208
Total Net Assets Fund Balance$155,049$236,572▲ $81,523
Total Liabilities and Net Assets / Fund Balance$156,369$245,009▲ $88,640

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,067--
Land$64,850--
Other Assets Org$46,523--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Alicia BushCEO & President
David BeckettDirector
David PotenzaDirector
Dugan KelleyDirector
James EdgertonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$233,109
Program Service Revenue
$0
Investment Income
$5
Other Revenue
$-2,665
All Other Contributions
$186,064
Change in Net Assets
$81,523

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$25,000Fair Market Value (FMV)
Clothing and Household Goods-$9,064Fair Market Value (FMV)
Total Noncash Contributions1$34,064-

Audited Revenue Reconciliation

Revenue per Audited Statements
$230,449
Total Revenue per Audited Statements
$230,449
Total Revenue per Form 990
$230,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$148,926
Total Fundraising Expense$33,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$45,981$19,401$29,681$95,063
Office Expenses$8,965$6,600$2,638$18,203
Fees for Services Accounting-$10,278-$10,278
Depreciation Depletion-$3,058-$3,058
Other Expenses$6,499$581$1,005$1,586
Travel-$843-$843
Total Functional Expenses$71,527$44,075$33,324$148,926

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$148,926
Total Expenses per Audited Statements$148,926
Total Expenses per Form 990$148,926
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,585
Fundraising Gross Income$14,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert$61,045$14,000$8,429$5,571
Total Events$61,045$14,000$18,585$-4,585
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“David Beckett is the CFO for a company owned by the CEOs spouse.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“All board members will recieve a copy of the form 990 prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“the volunteer CEO reviews COI policies and maintains transparency throughout organization and director meetings. If a director has a conflict then they are required to recuse themself from the discussion and vote.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST.”

Form 990, Part VIII Income From Fundraising Events

“The net economic benefit from our fundraising event is calculated as follows:Contributions from fundraising event reported on Part I, line 6b $ 47,045Gross income from fundraising event reported on Part I, line 6b 14,000Less: Direct costs of event reported on part I, Line 6c (18,585) Net economic benefit of fundraising event $ 42,460”

Filing and Contact Details

Filer

Filer Name
Treasured Vessels Foundation
EIN
46-3947870
Phone
2145075050
Address
PO BOX 2256, FRISCO, TX 75034

Signing Officer

Name
Alicia Bush
Title
CEO
Signed
2020-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alicia Bush
Formed
2013
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Amy Michie
Phone
8176498083
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Foundation is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Foundations exempt purposes is subject to tax under IRC Section 511. The Foundation had no unrelated business income for the year ended December 31, 2019. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Foundations tax return and recognition of a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction In Progress
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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt03067
IRS990ScheduleD/RevenueSubtotalAmt0230449
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Foundations exempt purposes is subject to tax under IRC Section 511. The Foundation had no unrelated business income for the year ended December 31, 2019. Accordingly, no provision has been made for federal income tax. GAAP requires the evaluation of tax positions taken in the course of preparing the Foundations tax return and recognition of a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018585
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt09000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt09000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Concert
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0991
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0991
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0David Beckett is the CFO for a company owned by the CEOs spouse.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS WILL RECIEVE A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2the volunteer CEO reviews COI policies and maintains transparency throughout organization and director meetings. If a director has a conflict then they are required to recuse themself from the discussion and vote.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The net economic benefit from our fundraising event is calculated as follows:Contributions from fundraising event reported on Part I, line 6b $ 47,045Gross income from fundraising event reported on Part I, line 6b 14,000Less: Direct costs of event reported on part I, Line 6c (18,585) Net economic benefit of fundraising event $ 42,460
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VIII INCOME FROM FUNDRAISING EVENTS
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$245,009
Liabilities
$8,437
Net assets
$236,572
Revenue
$230,449
Expenses
$148,926
Net income
$81,523
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.26$2.14$6.12$5.12$3.52$1.60
2023Detailed filing. Detailed filing data is available for this year.$6.68$2.17$4.50$6.36$7.42$1.06
2022Detailed filing. Detailed filing data is available for this year.$8.16$2.60$5.56$7.93$6.89$1.04
2021Detailed filing. Detailed filing data is available for this year.$7.61$2.65$4.96$7.44$6.18$1.27
2020Detailed filing. Detailed filing data is available for this year.$4.07$0.38$3.69$5.43$4.08$1.35
2019Detailed filing. Detailed filing data is available for this year.$2.45$0.08$2.37$2.30$1.49$0.82
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.01$1.55$1.80$0.84$0.95
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.87$0.75$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.85$0.34$0.51