Timeless Gifts
Nonprofit profile at a glance
- EIN
- 453482850
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990 2024, Form 990-EZ 2025
- Location
- Chicago, IL, USA
- Phone
- 3122081119
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $138,872
- Expenses
- $149,085
- Assets
- $49,270
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Joan Walton Collaso (Executive Director)
People named in this filing
- Joan Walton Collaso (Executive Director)
- Rayzine Collaso (Executive Assistant)
- Dr Diane Damper (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To mentor aspiring youth in the area of performing arts.
What it reported doing in 2025
Mentoring - Professional adult musicians and performers mentored and instructed aspiring youth musicians and performers.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Sustainability: 25
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.8%; rating input score 85
- Program expense ratio: 78.9%; rating input score 79
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -7.4%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 65.7%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 15.6% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 17.4% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 84.8% of revenue deployed · 78.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $118K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Officer compensation ratio scored 2/100.