Civic Intelligence

Treasured Vessels Foundation

990 • Fiscal year 2020 • EIN 46-3947870

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 23, 2021

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

58th percentile

0.09x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.07x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

76th percentile

25%

Higher net margin than 76% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

86th percentile

66%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

136%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$406,903

Up $161,894 (+66%) from 2019

Net Assets

Up

$368,930

Up $132,358 (+56%) from 2019

Liabilities

Up

$37,973

Up $29,536 (+350%) from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin76th percentile

Revenue

Up

$543,344

Up $312,895 (+136%) from 2019

Expenses

Up

$408,248

Up $259,322 (+174%) from 2019

Net Income

Up

$135,096

Up $53,573 (+66%) from 2019

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

2020

Assets$406,903
Liabilities$37,973
Net Assets$368,930
Open 2020 Filing

Operations Trend

Revenue Growth94th 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

2020

Revenue$543,344
Expenses$408,248
Net Income$135,096
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 23, 2021
Return Version
2020v4.1
Gross Receipts
$555,888
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 vessles 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$125,569$264,171▲ $138,602
Land, Buildings, and Equipment, Net$114,440$126,440▲ $12,000
Pledges and Grants Receivable-$13,792-
Prepaid Expenses and Deferred Charges$5,000$2,500▼ $2,500
Total Assets$245,009$406,903▲ $161,894
Liabilities
Accounts Payable and Accrued Expenses$8,437$37,973▲ $29,536
Total Liabilities$8,437$37,973▲ $29,536
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$176,823$254,781▲ $77,958
Net Assets With Donor Restrictions$59,749$114,149▲ $54,400
Total Net Assets Fund Balance$236,572$368,930▲ $132,358
Total Liabilities and Net Assets / Fund Balance$245,009$406,903▲ $161,894

Asset Categories

AssetBook ValueDepreciationBasis
Land$64,850-$64,850
Buildings$46,523-$46,523
Equipment$12,000$3,000$15,000
Other Land Buildings$3,067-$3,067
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Alicia BushCEO President
David BeckettDirector
Dugan KelleyDirector
James CabreraDirector
Kate ValentDirector
RYAN McCOYDirector
Tamiel KenneyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$543,336
Program Service Revenue
$0
Investment Income
$8
Other Revenue
$0
All Other Contributions
$477,413
Change in Net Assets
$135,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$250,882
Salaries, Compensation, and Employee Benefits$157,366
Total Fundraising Expense$50,931
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,289$48,121$21,596$145,006
All Other Expenses$38,151$2,062-$40,212
Occupancy$37,273$2,876-$40,149
Other Employee Benefits$6,713$5,548$99$12,360
Fees for Services Accounting-$12,050-$12,050
Insurance$10,040$462-$10,502
Office Expenses$910$9,046-$9,956
Depreciation Depletion$3,000--$3,000
Other Expenses$71,130$2,666$29,236$2,666
Travel$338$1,832-$2,170
Total Functional Expenses$250,580$106,738$50,931$408,248
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,544
Fundraising Gross Income$12,544
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ladies Luncheon$58,225$12,544$2,085$10,459
Total Events$58,225$12,544$12,544-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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 LINE 2

“David beckett is the cfo for a company owned by the ceos spouse.”

Form 990, Part VI, Line LINE 11B

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

Form 990, Part VI, Line LINE 12C

“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 LINE 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Treasured Vessels Foundation
EIN
46-3947870
Phone
2145075050
Address
PO BOX 2256, Frisco, TX 75034
Doing Business As
F-k-a Chosen Family

Signing Officer

Name
Alicia Bush
Title
CEO
Phone
9189491311
Signed
2021-08-23
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Reginald Dewayne Sherman CPA
Address
1075 GRIFFIN STREET WEST SUITE 109, DALLAS, TX 75215
Preparer
Reginald D Sherman
Phone
4697098125
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line LINE 1

“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.”

Financial Statement Notes

X

“THE FOUNDATION IS EXMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 C 3 OF THE INTENAL REVENIE CODE irc AND HAS NOT BEEN CLASSIFIED AS A PRIVATE FOUNDATION AS DEFINDED IN THE IRS. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE FOUNDTIONS EXEMPT PURPOSES INS SUBJECT TO TAX UNDR IRC SECTION 511. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FO THE YEAR ENDED DECEMBER 31, 2020. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INOME TAX.”

X

“Gaap requires the evaluation of tax postion 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 teh tax position taken by the foundation , and has concluded that as of december 31, 2020, there are no uncertain tax postions 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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0101522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt088596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01155596
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0189033
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0101522
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt088596
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01155596
IRS990ScheduleA/TotalSupportAmt01157537
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt046523
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt046523
IRS990ScheduleD/EquipmentGrp/BookValueAmt012000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015000
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt064850
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt064850
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03067
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03067
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 C 3 OF THE INTENAL REVENIE CODE irc AND HAS NOT BEEN CLASSIFIED AS A PRIVATE FOUNDATION AS DEFINDED IN THE IRS. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE FOUNDTIONS EXEMPT PURPOSES INS SUBJECT TO TAX UNDR IRC SECTION 511. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FO THE YEAR ENDED DECEMBER 31, 2020. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL INOME TAX.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAAP REQUIRES THE EVALUATION OF TAX POSTION 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 TEH TAX POSITION TAKEN BY THE FOUNDATION , AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2020, THERE ARE NO UNCERTAIN TAX POSTIONS 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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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012544
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt012544
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02085
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02085
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt010072
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010072
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TREASURED 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DAVID BECKETT IS THE CFO FOR A COMPANY OWNED BY THE CEOS SPOUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS WILL RECIEVE A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt0543336
IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0106738
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0406903
IRS990/TravelGrp/ManagementAndGeneralAmt01832
IRS990/TravelGrp/ProgramServicesAmt0338
IRS990/TravelGrp/TotalAmt02170
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0PO BOX 2256
IRS990/USAddress/CityNm0FRISCO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075034
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.TREASUREDVESSELSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALICIA BUSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09189491311
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TREASURED VESSELS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TREA
ReturnHeader/Filer/EIN0463947870
ReturnHeader/Filer/PhoneNum02145075050
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2256
ReturnHeader/Filer/USAddress/CityNm0Frisco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075034
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REGINALD DEWAYNE SHERMAN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01075 GRIFFIN STREET WEST SUITE 109

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$406,903
Liabilities
$37,973
Net assets
$368,930
Revenue
$543,344
Expenses
$408,248
Net income
$135,096
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