Civic Intelligence

Rethreaded Inc.

990 • Fiscal year 2020 • EIN 45-3036999

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 14, 2021

515 East 9th StreetJacksonville, FL 32206

(407) 376-2725

Siviq Scores

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

Liabilities / Assets

74th percentile

0.36x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.22x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

96th percentile

180%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

176%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,106,010

Up $711,382 (+180%) from 2019

Net Assets

Up

$702,565

Up $398,589 (+131%) from 2019

Liabilities

Up

$403,445

Up $312,793 (+345%) from 2019

Revenue

Up

$1,844,388

Up $1,176,238 (+176%) from 2019

Expenses

Up

$1,509,118

Up $856,524 (+131%) from 2019

Net Income

Up

$335,270

Up $319,714 (+2055%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $21,141Liabilities 2011: $1,0282011Assets 2012: $51,473Liabilities 2012: $4,367Net Assets 2012: $47,1062012Assets 2013: $83,351Liabilities 2013: $2,732Net Assets 2013: $80,6192013Assets 2014: $160,854Liabilities 2014: $3,553Net Assets 2014: $157,3012014Assets 2015: $264,410Liabilities 2015: $9,511Net Assets 2015: $254,8992015Assets 2016: $345,143Liabilities 2016: $8,117Net Assets 2016: $337,0262016Assets 2017: $394,058Liabilities 2017: $63,072Net Assets 2017: $330,9862017Assets 2018: $417,838Liabilities 2018: $129,418Net Assets 2018: $288,4202018Assets 2019: $394,628Liabilities 2019: $90,652Net Assets 2019: $303,9762019Assets 2020: $1,106,010Liabilities 2020: $403,445Net Assets 2020: $702,5652020Assets 2021: $3,745,256Liabilities 2021: $311,495Net Assets 2021: $3,433,7612021Assets 2022: $4,545,130Liabilities 2022: $365,673Net Assets 2022: $4,179,4572022Assets 2023: $4,661,811Liabilities 2023: $332,014Net Assets 2023: $4,329,7972023Assets 2024: $4,709,921Liabilities 2024: $326,334Net Assets 2024: $4,383,5872024Assets 2025: $4,665,285Liabilities 2025: $329,500Net Assets 2025: $4,335,7852025

Highlighted filing

2020

Assets$1,106,010
Liabilities$403,445
Net Assets$702,565

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $29,649Expenses 2011: $9,536Net Income 2011: $20,1132011Revenue 2012: $107,063Expenses 2012: $80,074Net Income 2012: $26,9892012Revenue 2013: $233,635Expenses 2013: $200,122Net Income 2013: $33,5132013Revenue 2014: $319,530Expenses 2014: $242,848Net Income 2014: $76,6822014Revenue 2015: $416,362Expenses 2015: $318,764Net Income 2015: $97,5982015Revenue 2016: $587,036Expenses 2016: $515,886Net Income 2016: $71,1502016Revenue 2017: $656,580Expenses 2017: $631,646Net Income 2017: $24,9342017Revenue 2018: $887,054Expenses 2018: $941,944Net Income 2018: -$54,8902018Revenue 2019: $668,150Expenses 2019: $652,594Net Income 2019: $15,5562019Revenue 2020: $1,844,388Expenses 2020: $1,509,118Net Income 2020: $335,2702020Revenue 2021: $3,893,993Expenses 2021: $1,165,388Net Income 2021: $2,728,6052021Revenue 2022: $2,629,806Expenses 2022: $1,884,109Net Income 2022: $745,6972022Revenue 2023: $2,245,161Expenses 2023: $2,094,820Net Income 2023: $150,3412023Revenue 2024: $2,161,425Expenses 2024: $2,107,635Net Income 2024: $53,7902024Revenue 2025: $2,206,607Expenses 2025: $2,254,409Net Income 2025: -$47,8022025

Highlighted filing

2020

Revenue$1,844,388
Expenses$1,509,118
Net Income$335,270
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 14, 2021
Return Version
2019v5.0
Gross Receipts
$2,350,973
Mission and Program Overview

Mission

The organization's mission is to harness the power of business to create choices for survivors of human trafficking.

Rethreaded is a social entrepreneurship that is breaking the cycle of the sex trade by offering viable and creative work to those affected by the sex trade i.e. Prostitution, drug addiction and human trafficking. Rethreaded offers the oppressed a chance to grow into the fullness of who they are.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$232,124$791,345▲ $559,221
Inventories for Sale or Use$129,311$205,902▲ $76,591
Accounts Receivable$5,588$75,773▲ $70,185
Land, Buildings, and Equipment, Net$31,903$20,830▼ $11,073
Prepaid Expenses and Deferred Charges$18,912$12,160▼ $6,752
Total Assets$417,838$1,106,010▲ $688,172
Liabilities
Unsecured Notes Loans Payable-$287,400-
Accounts Payable and Accrued Expenses$117,223$114,045▼ $3,178
Deferred Revenue$12,195$2,000▼ $10,195
Total Liabilities$129,418$403,445▲ $274,027
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$257,240$608,541▲ $351,301
Net Assets With Donor Restrictions$31,180$94,024▲ $62,844
Total Net Assets Fund Balance$288,420$702,565▲ $414,145
Total Liabilities and Net Assets / Fund Balance$417,838$1,106,010▲ $688,172

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,830$41,007$61,837
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kristin KeenPresident
Carl MillerBoard Member
Emily PierceBoard Member
Jonathan HansonBoard Member
Josh CockrellBoard Member
Karen BowdenBoard Member
Laura SmithBoard Member
Lawson CarrBoard Member
Mike KaneBoard Member
Rhea MencyBoard Member
Teri SowderBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,488,047
Program Service Revenue
$0
Investment Income
$2,522
Other Revenue
$353,819
All Other Contributions
$1,488,047
Change in Net Assets
$335,270

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$221,900
Total Noncash Contributions2$221,900

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,844,388
Total Revenue per Audited Statements
$1,844,388
Total Revenue per Form 990
$1,844,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$992,633
Other Expenses$516,485
Total Fundraising Expense$133,175
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$748,655$146,068$54,384$949,107
Advertising$37,356$16,010-$53,366
Payroll Taxes$34,333$6,699$2,494$43,526
Occupancy$28,364$108$10,627$39,099
Office Expenses$23,202-$12,234$35,436
Other Expenses$24,996$663$8,064$24,996
Fees for Services Legal$17,474$386$5,827$23,687
All Other Expenses$13,348$285$4,696$18,329
Insurance$9,850-$4,222$14,072
Depreciation Depletion--$11,073$11,073
Travel--$2,586$2,586
Total Functional Expenses$1,021,428$354,515$133,175$1,509,118

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,509,118
Total Expenses per Audited Statements$1,509,118
Total Expenses per Form 990$1,509,118
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 12C

The organization requires that all members of its governing body disclose, in writing, at any respective time any personal interest he or shay may have in any and every matter before the organization. Moreover, all members who have such an interest are prohibited from participating in any way in any decision making process with respect to transactions or associations with that interest. Last, no board member may obtain any list of clients for personal or private solicitation at any time. The conflict of interest policy is strictly enforced.

Form 990, Page 6, Part VI, Line 15A

The director's compensation is subject to an annual review. The board of directors considers both compensation data for positions bearing similar duties and responsibilities and the director's actual performance relative to the organization's mission, established goals, and economic operating conditions.

Form 990, Page 6, Part VI, Line 19

Upon written request, the organization's governing documents are made available for public viewing at the organization's physical address.

Filing and Contact Details

Filer

Filer Name
Rethreaded Inc
EIN
45-3036999
Phone
4073762725
Address
515 EAST 9TH STREET, JACKSONVILLE, FL 32206

Signing Officer

Name
Kristin Keen
Title
President
Phone
4073762725
Signed
2021-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristin Keen
Formed
2011
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
32

Preparer

Firm
Gunnchamberlain Pl
Address
4350 PABLO PROFESSIONAL CT STE 200, JACKSONVILLE, FL 32224-3224
Preparer
Donald L Drummond CPA
Phone
9042962024
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Rethreaded is a social entrepreneurship that is breaking the cycle of the sex trade by offering viable and creative work to those affected by the sex trade i.e. Prostitution, drug addiction and human trafficking. Rethreaded offers the oppressed a chance to grow into the fullness of who they are.

Form 990, Page 2, Part III, Line 4A

Rethreaded provides employment to women in the jacksonville florida area who are coming out of lives of addiction, violence, human trafficking, and prostitution. Many of these women leave prison with felony records which create significant challenges to employment. Rethreaded is a safe place where women are paid a living wage and employed in five different areas at rethreaded: marketing, administration and finance, production, inventory, and sales. Locally, rethreaded has directly helped 19 women in the jacksonville area through employment at rethreaded. Rethreaded also provides an initial 3-month paid job training program. After completion of the program, women continue employment at rethreaded and specialize in one of the five areas listed above. During the training period, rethreaded works with the employee to identify an area in the organization where she will thrive. The goal is to help employees develop valuable job skills and a renewed sense of confidence so they can become leaders and advocates in rethreaded and the community.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETHREADED IS A SOCIAL ENTREPRENEURSHIP THAT IS BREAKING THE CYCLE OF THE SEX TRADE BY OFFERING VIABLE AND CREATIVE WORK TO THOSE AFFECTED BY THE SEX TRADE I.E. PROSTITUTION, DRUG ADDICTION AND HUMAN TRAFFICKING. RETHREADED OFFERS THE OPPRESSED A CHANCE TO GROW INTO THE FULLNESS OF WHO THEY ARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RETHREADED PROVIDES EMPLOYMENT TO WOMEN IN THE JACKSONVILLE FLORIDA AREA WHO ARE COMING OUT OF LIVES OF ADDICTION, VIOLENCE, HUMAN TRAFFICKING, AND PROSTITUTION. MANY OF THESE WOMEN LEAVE PRISON WITH FELONY RECORDS WHICH CREATE SIGNIFICANT CHALLENGES TO EMPLOYMENT. RETHREADED IS A SAFE PLACE WHERE WOMEN ARE PAID A LIVING WAGE AND EMPLOYED IN FIVE DIFFERENT AREAS AT RETHREADED: MARKETING, ADMINISTRATION AND FINANCE, PRODUCTION, INVENTORY, AND SALES. LOCALLY, RETHREADED HAS DIRECTLY HELPED 19 WOMEN IN THE JACKSONVILLE AREA THROUGH EMPLOYMENT AT RETHREADED. RETHREADED ALSO PROVIDES AN INITIAL 3-MONTH PAID JOB TRAINING PROGRAM. AFTER COMPLETION OF THE PROGRAM, WOMEN CONTINUE EMPLOYMENT AT RETHREADED AND SPECIALIZE IN ONE OF THE FIVE AREAS LISTED ABOVE. DURING THE TRAINING PERIOD, RETHREADED WORKS WITH THE EMPLOYEE TO IDENTIFY AN AREA IN THE ORGANIZATION WHERE SHE WILL THRIVE. THE GOAL IS TO HELP EMPLOYEES DEVELOP VALUABLE JOB SKILLS AND A RENEWED SENSE OF CONFIDENCE SO THEY CAN BECOME LEADERS AND ADVOCATES IN RETHREADED AND THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REQUIRES THAT ALL MEMBERS OF ITS GOVERNING BODY DISCLOSE, IN WRITING, AT ANY RESPECTIVE TIME ANY PERSONAL INTEREST HE OR SHAY MAY HAVE IN ANY AND EVERY MATTER BEFORE THE ORGANIZATION. MOREOVER, ALL MEMBERS WHO HAVE SUCH AN INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY WAY IN ANY DECISION MAKING PROCESS WITH RESPECT TO TRANSACTIONS OR ASSOCIATIONS WITH THAT INTEREST. LAST, NO BOARD MEMBER MAY OBTAIN ANY LIST OF CLIENTS FOR PERSONAL OR PRIVATE SOLICITATION AT ANY TIME. THE CONFLICT OF INTEREST POLICY IS STRICTLY ENFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DIRECTOR'S COMPENSATION IS SUBJECT TO AN ANNUAL REVIEW. THE BOARD OF DIRECTORS CONSIDERS BOTH COMPENSATION DATA FOR POSITIONS BEARING SIMILAR DUTIES AND RESPONSIBILITIES AND THE DIRECTOR'S ACTUAL PERFORMANCE RELATIVE TO THE ORGANIZATION'S MISSION, ESTABLISHED GOALS, AND ECONOMIC OPERATING CONDITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON WRITTEN REQUEST, THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC VIEWING AT THE ORGANIZATION'S PHYSICAL ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTIN KEEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04073762725
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-14
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ReturnHeader/Filer/BusinessNameControlTxt0RETH
ReturnHeader/Filer/EIN0453036999

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.67$0.33$4.34$2.21$2.25$0.05
2024Detailed filing. Detailed filing data is available for this year.$4.71$0.33$4.38$2.16$2.11$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.66$0.33$4.33$2.25$2.09$0.15
2022Detailed filing. Detailed filing data is available for this year.$4.55$0.37$4.18$2.63$1.88$0.75
2021Detailed filing. Detailed filing data is available for this year.$3.75$0.31$3.43$3.89$1.17$2.73
2020Detailed filing. Detailed filing data is available for this year.$1.11$0.40$0.70$1.84$1.51$0.34
2019Summary only. Only limited summary data is available for this year.$0.39$0.09$0.30$0.67$0.65$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.42$0.13$0.29$0.89$0.94$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.06$0.33$0.66$0.63$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.34$0.59$0.52$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.42$0.32$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.32$0.24$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.23$0.20$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.11$0.08$0.03
2011Summary only. Only limited summary data is available for this year.$0.02$0.00$0.03$0.01$0.02