Treasure Chest

Organization Overview

Treasure Chest is located in Waite Park, MN. The organization was established in 1981. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2020, Treasure Chest employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasure Chest is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Treasure Chest generated $377.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $487.4k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

A THRIFT STORE OPERATED TO GENERATE FUNDS TO HELP WOMEN WITH UNEXPECTED PREGNANCIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TREASURE CHEST SELLS USED OR NEW ITEMS BOTH DONATED AND ON A CONSIGNMENT BASIS. PROFITS GENERATED BY THE ACTIVITY ARE DONATED TO ELEVATE, INC., A 501(C)(3) PUBLIC CHARITY.


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Board, Officers & Key Employees

Name (title)Compensation
Doug Peterschick
Treasurer
$0
Mike Bitzan
President
$0
Peg Imholte
Director
$0
Nadine Pullis
Director
$0
George Sjogren
Elevate Liaison
$0
Mark Traut
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$398,653
Noncash contributions included in lines 1a–1f $398,295
Total Revenue from Contributions, Gifts, Grants & Similar$398,653
Total Program Service Revenue$0
Investment income $99
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$21,566
Miscellaneous Revenue$0
Total Revenue $377,186

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