Treasure Chest
Provide financial support for elevate, inc., a 501(c)(3) public charity.
Treasure Chest at a glance
In short: Treasure Chest gave $57K across 1 grant in 2025 (avg $57K), mostly in Minnesota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $56,500
- +5.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $56,500
- +5.6% vs 2024
- Median grant
- $56,500
- Total assets
- $577,437
- +0.5% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Treasure Chest funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was ELEVATE 501c3 ($57K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Treasure Chest gives
- Giving fell 44% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $36K (2021) to $101K (2022). In 2025 it made 1 grant totaling $57K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ELEVATE 501c3 Waite Park, MN | Program Purpose | $56,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $577,437 | $751,357 | $741,090 | $56,500 | 1 | $1,779 |
| 2024 | $574,791 | $696,173 | $675,372 | $53,500 | 1 | $2,115 |
| 2023 | $546,214 | $650,623 | $548,653 | $46,000 | 1 | $1,768 |
| 2022 | $436,235 | $598,770 | $585,660 | $101,000 | 1 | $342 |
| 2021 | $424,372 | $678,832 | $504,122 | $36,200 | 1 | $160 |
| 2020 | $267,026 | $377,186 | $487,401 | $41,290 | 1 | $99 |
| 2019 | $344,353 | $549,280 | $559,606 | $61,708 | 1 | $193 |
About Treasure Chest
Based on IRS filings
Treasure Chest is a public charity, based in Waite Park, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $577K in total assets. In 2025, it awarded 1 grant totaling $57K. Net investment income was $2K.
Leadership & Key People
Officers and directors from IRS filings
Treasure Chest is led by Mike Bitzan, President on every filing since 2019; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mike Bitzan
President
On filings since 2019
2 hrs/week
No compensation reported
George Sjogren
Trustee
Elevate Liaison → Elevate Liai, 2021
Elevate Liai → Trustee, 2025
On filings since 2019
1 hr/week
No compensation reported
Mark Traut
Director
Board Member → Director, 2020
On filings since 2019
1 hr/week
No compensation reported
Nadine Pullis
Director
Board Member → Director, 2020
On filings since 2019
1 hr/week
No compensation reported
Cheyanne Nyquist
Director
Store Co-Man → Director, 2025
On filings since 2021
40 hrs/week
No compensation reported
Peg Imholte
Secretary
Board Member → Director, 2020
Director → Secretary, 2022
On filings since 2019
1 hr/week
No compensation reported
Kevin Kluesner
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Former officers (3)
- Former: Doug Peterschick (2019–2021) — Director
- Former: Kevin Rivesner (2021) — Treasurer
- Former: Jeanette Volkmuth (2019–2020) — Store Co-Manager
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Treasure Chest
How much does Treasure Chest give each year?
Treasure Chest gave $57K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $54K across 1 grant.
How large is Treasure Chest?
Treasure Chest reported $577K in total assets on its 2025 IRS Form 990. Its revenue that year was $751K.
Where does Treasure Chest operate?
Treasure Chest has awarded grants in Minnesota.
What is Treasure Chest's EIN?
Treasure Chest's EIN (Employer Identification Number) is 41-1377206. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS August 27, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS August 23, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 22, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 18, 2026)
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