Civic Intelligence

The Red Thread Promise

EIN 20-0277642 • 501(c)3 • Havertown, PA

Profile

Dedicated to bringing hope and healing to needy and orphaned children.

249 N Belfield AveHavertown, PA 19083

www.redthreadpromise.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

7th percentile

-168%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-56%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $55,757 (-100%) from 2014

Liabilities

Flat

$0

Flat from 2014

Net Assets

Down

$0

Down $55,757 (-100%) from 2014

Revenue

Down

$33,139

Down $42,906 (-56%) from 2014

Expenses

Up

$88,896

Up $31,597 (+55%) from 2014

Net Income

Down

-$55,757

Down $74,503 (-397%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2011: $40,246Liabilities 2011: $0Net Assets 2011: $40,2462011Assets 2012: $28,563Liabilities 2012: $0Net Assets 2012: $28,5632012Assets 2013: $37,011Liabilities 2013: $0Net Assets 2013: $37,0112013Assets 2014: $55,757Liabilities 2014: $0Net Assets 2014: $55,7572014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2011: $166,782Expenses 2011: $155,168Net Income 2011: $11,6142011Revenue 2012: $129,209Expenses 2012: $140,892Net Income 2012: -$11,6832012Revenue 2013: $167,761Expenses 2013: $159,315Net Income 2013: $8,4462013Revenue 2014: $76,045Expenses 2014: $57,299Net Income 2014: $18,7462014Revenue 2015: $33,139Expenses 2015: $88,896Net Income 2015: -$55,7572015

Highlighted filing

2015

Revenue$33,139
Expenses$88,896
Net Income-$55,757

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 27, 2016
Return Version
2015v2.1
Gross Receipts
$33,139
Mission and Program Overview

Mission

Dedicated to bringing hope and healing to needy and orphaned children.

Program Services

DescriptionGrantsExpenses
HAITI: ST. VINCENT'S CENTER FOR HANDICAPPED CHILDRENPROVIDE FUNDING AND EQUIPMENT FOR MEDICAL CARE. THE RED THREAD PROMISE CONSIDERS MEDICAL CARE FROM MEDICATIONS, DOCTOR VISITS AND EDUCATION. EDUCATION PLAYS A ROLE IN A CHILD'S MEDICAL CARE. THEY LEARN TO CARE FOR THEMSELVES WHILE YOUNG SO WHEN THEY REACH ADULT HOOD THEY KNOW HOW TO CARE FOR THEIR FAMILIES.$0$41,556
US-MCKENNA FARMS/HILLTOP EQUESTRIAN CENTER: SPONSOR MONTHLY ON A ROTATING BASIS FUNDS FOR CHILDREN TO RECEIVE HIPPOTHERAPY AND BARN FEES. SPONSOR MULTIPLE CHILDREN WITH MONTHLY HIPPOTHERAPY AND COMPUTER FOR WORKING WITH AUTISM.$0$27,861
CHINA/SWALLOWS' NEST: SUPPORTED 2 CHILDREN WITH SPECIAL NEEDS MONTHLY CARE.$0$2,006
HAITI: RIVERS OF HOPEPROVIDED FUNDING FOR CHILDREN TO RECEIVE MEDICAL CARE: MONTHLY FOR CHRISTOPHER AND FOR THE OTHER CHILDREN AT THE ORPHANAGE AS NEEDED. THE FUNDS ARE MUCH NEEDED BECAUSE WHEN A CHILD GOES TO A HOSPITAL FOR CARE THE REQUIRED PAYMENTS ARE DUE BEFORE THE CHILD WILL BE SEEN BY THE DOCTORS OR ANY MEDICAL PROFESSIONAL.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHY KORGE ALBERGATEPresidentPT$3,649-$3,649
SONYA YENCERVice PresidentPT$2,100-$2,100
GLENNA FISHERDirector-Jacob'S FundPT$0--
CASEY FOSBoard Member-$0--
DOUG YENCERBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Red Thread Promise
EIN
20-0277642
Phone
8173206522
Address
249 N BELFIELD AVE, HAVERTOWN, PA 19083

Signing Officer

Name
Kathy Korge Albergate
Title
President, Founder
Phone
8173206522
Signed
2016-08-27
Discuss with paid preparer
Yes

Preparer

Firm
Postlethwaite & Netterville
Address
ONE GALLERIA BLVD STE 2100, METAIRIE, LA 70001
Preparer
Sharon Cassiere
Phone
5048375990
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: miscellaneous. Amount: 1,994.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: medical/surgery/therapy assistance. Grantee name: various. Amount given: 44,589.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: travel. Amount: 4,616. Description: insurance. Amount: 1,250. Description: food & meals. Amount: 26,657. Description: bank service charges. Amount: 36. Description: supplies. Amount: 1,397. Description: state filing fees. Amount: 499. Description: advertising and promotions. Amount: 358. Description: seminars events. Amount: 35. Description: business license and permits. Amount: 75. Total to form 990-ez, line 16: 34,923.

Raw XML Appendix180 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HAVERTOWN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CASEY FOS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DOUG YENCER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR-JACOB'S FUND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherRevenueTotalAmt01994
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0DEDICATED TO BRINGING HOPE AND HEALING TO NEEDY AND ORPHANED CHILDREN.
IRS990EZ/PrintingPublicationsPostageAmt0384
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0HAITI: ST. VINCENT'S CENTER FOR HANDICAPPED CHILDRENPROVIDE FUNDING AND EQUIPMENT FOR MEDICAL CARE. THE RED THREAD PROMISE CONSIDERS MEDICAL CARE FROM MEDICATIONS, DOCTOR VISITS AND EDUCATION. EDUCATION PLAYS A ROLE IN A CHILD'S MEDICAL CARE. THEY LEARN TO CARE FOR THEMSELVES WHILE YOUNG SO WHEN THEY REACH ADULT HOOD THEY KNOW HOW TO CARE FOR THEIR FAMILIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1US-MCKENNA FARMS/HILLTOP EQUESTRIAN CENTER: SPONSOR MONTHLY ON A ROTATING BASIS FUNDS FOR CHILDREN TO RECEIVE HIPPOTHERAPY AND BARN FEES. SPONSOR MULTIPLE CHILDREN WITH MONTHLY HIPPOTHERAPY AND COMPUTER FOR WORKING WITH AUTISM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2CHINA/SWALLOWS' NEST: SUPPORTED 2 CHILDREN WITH SPECIAL NEEDS MONTHLY CARE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3HAITI: RIVERS OF HOPEPROVIDED FUNDING FOR CHILDREN TO RECEIVE MEDICAL CARE: MONTHLY FOR CHRISTOPHER AND FOR THE OTHER CHILDREN AT THE ORPHANAGE AS NEEDED. THE FUNDS ARE MUCH NEEDED BECAUSE WHEN A CHILD GOES TO A HOSPITAL FOR CARE THE REQUIRED PAYMENTS ARE DUE BEFORE THE CHILD WILL BE SEEN BY THE DOCTORS OR ANY MEDICAL PROFESSIONAL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt30
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt041556
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt127861
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt22006
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt30
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
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IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0ALL ASSETS WERE DISTRIBUTED DURING THE YEAR AS PART OF THE PROGRAM SERVICES OF THE ORGANIZATION.
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: MISCELLANEOUS. AMOUNT: 1,994.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: MEDICAL/SURGERY/THERAPY ASSISTANCE. GRANTEE NAME: VARIOUS. AMOUNT GIVEN: 44,589.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: TRAVEL. AMOUNT: 4,616. DESCRIPTION: INSURANCE. AMOUNT: 1,250. DESCRIPTION: FOOD & MEALS. AMOUNT: 26,657. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 36. DESCRIPTION: SUPPLIES. AMOUNT: 1,397. DESCRIPTION: STATE FILING FEES. AMOUNT: 499. DESCRIPTION: ADVERTISING AND PROMOTIONS. AMOUNT: 358. DESCRIPTION: SEMINARS EVENTS. AMOUNT: 35. DESCRIPTION: BUSINESS LICENSE AND PERMITS. AMOUNT: 75. TOTAL TO FORM 990-EZ, LINE 16: 34,923.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHY KORGE ALBERGATE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT, FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum08173206522
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE RED THREAD PROMISE
ReturnHeader/Filer/BusinessNameControlTxt0REDT
ReturnHeader/Filer/EIN0200277642
ReturnHeader/Filer/PhoneNum08173206522
ReturnHeader/Filer/USAddress/AddressLine1Txt0249 N BELFIELD AVE
ReturnHeader/Filer/USAddress/CityNm0HAVERTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019083
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721202445
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POSTLETHWAITE & NETTERVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE GALLERIA BLVD STE 2100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0METAIRIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070001
ReturnHeader/PreparerPersonGrp/PhoneNum05048375990
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARON CASSIERE
ReturnHeader/ReturnTs02016-08-29T16:05:23-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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