Civic Intelligence

Simple Treasures Inc

990 • Fiscal year 2022 • EIN 88-2917855

Jun 07, 2022 to Jun 30, 2022 • Filed on Dec 21, 2023

Organization ProfileWWW.KZOOGOSPEL.ORG
448 North BurdickKalamazoo, MI 49007-3644

(269) 345-2974

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2022

Top Officer Pay

53rd percentile

$106,773

Higher top officer pay than 53% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets94th percentile

Assets

$1,140,000

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$1,140,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KAssets 2022: $1,140,000Liabilities 2022: $1,140,000Net Assets 2022: $02022Assets 2023: $1,119,777Liabilities 2023: $1,159,606Net Assets 2023: -$39,8292023Assets 2024: $1,090,441Liabilities 2024: $699,953Net Assets 2024: $390,4882024

Highlighted filing

2022

Assets$1,140,000
Liabilities$1,140,000
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $43,200Expenses 2023: $83,029Net Income 2023: -$39,8292023Revenue 2024: $497,014Expenses 2024: $66,697Net Income 2024: $430,3172024

Highlighted filing

2022

Revenue$0
Expenses$0
Net Income$0
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jun 7, 2022 to Jun 30, 2022
Signed
Dec 21, 2023
Return Version
2021v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

Simple treasures, inc. Is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to the kalamazoo gospel mission, a church and nonprofit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$1,140,000-
Total Assets$0$1,140,000▲ $1,140,000
Liabilities
Mortgage Notes Payable Secured by Investment Property-$840,000-
Other Liabilities-$283,157-
Accounts Payable and Accrued Expenses-$16,843-
Total Liabilities$0$1,140,000▲ $1,140,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$1,140,000▲ $1,140,000

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,140,000-$1,140,000
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleOtherTotal
Pastor Michael BrownTreasurer$106,773$106,773

Board Members and Trustees

NameTitle
Kristie AbruzzoPresident
Don EdgerlySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Kalamazoo Gospel Mission$285,890
Unamortized Loan Costs$-2,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Simple Treasures Inc
EIN
88-2917855
Phone
2693452974
Address
448 NORTH BURDICK, KALAMAZOO, MI 49007-3644

Signing Officer

Name
Pastor Michael Brown
Title
Treasurer
Phone
2693452974
Signed
2023-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pastor Michael Brown
Formed
2022
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Seber Tans Plc
Address
555 W CROSSTOWN PARKWAY STE 304, KALAMAZOO, MI 49008
Preparer
Thomas J Horwath
Phone
2693438180
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Simple treasures, inc. Is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to the kalamazoo gospel mission, a church and nonprofit corporation.”

Raw XML Appendix222 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt253250
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02022
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
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IRS990/IRPDocumentCnt00
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0840000
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/ProfessionalFundraisingInd0false
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IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01140000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01140000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0285890
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02693452974
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-21
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ReturnHeader/Filer/EIN0882917855
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049008
ReturnHeader/PreparerPersonGrp/PhoneNum02693438180
ReturnHeader/PreparerPersonGrp/PreparationDt02023-12-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS J HORWATH
ReturnHeader/ReturnTs02023-12-21T13:59:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BROWN
ReturnHeader/TaxPeriodBeginDt02022-06-07
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,140,000
Liabilities
$1,140,000
Net assets
$0
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.70$0.39$0.50$0.07$0.43
2023Detailed filing. Detailed filing data is available for this year.$1.12$1.16$0.04$0.04$0.08$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.14$1.14$0.00$0.00$0.00$0.00