Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Peace of Thread Incorporated
990EZ • Fiscal year 2020 • EIN 46-1695943
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.04x
Liabilities / Revenue
62nd percentile
Higher debt load relative to revenue than 62% of similar nonprofits.
Net Margin
60th percentile
Higher net margin than 60% of similar nonprofits.
Top Officer Pay
83rd percentile
Higher top officer pay than 83% of similar nonprofits.
Top officer pay equals 34.9% of source-year revenue.
Asset Growth
86th percentile
Faster asset growth than 86% of similar nonprofits.
Revenue Growth
84th percentile
Faster revenue growth than 84% of similar nonprofits.
Balance Sheet
Assets
Up$14,453
Up $6,636 (+85%) from 2019
Net Assets
Up$13,812
Up $6,636 (+92%) from 2019
Liabilities
Flat$641
Flat from 2019
Revenue And Expenses
Revenue
Up$56,145
Up $14,087 (+33%) from 2019
Expenses
Down$49,509
Down $10,563 (-18%) from 2019
Net Income
Up$6,636
Up $24,650 (+137%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Jun 8, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $100,056
Mission and Program Overview
Mission
To employ unemployable women in vulnerable populations, providing them with income, practice using english, and job skills
Program Services
| Description | Grants | Expenses |
|---|---|---|
| MAKING HIGH QUALITY BAGS TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS | - | $49,369 |
| MAKING HIGH QUALITY BAGS TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS | - | $140 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DENISE SMITH | President | FT | $19,584 | - | $19,584 |
Filing and Contact Details
Filer
- Filer Name
- Peace of Thread Inc
- EIN
- 46-1695943
- Phone
- 6787072780
- Address
- 195 AMERBROOK CIRCLE, GRAYSON, GA 30017
Signing Officer
- Name
- Denise Smith
- Title
- President
- Phone
- 6787072780
- Signed
- 2021-06-08
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Attaway Linville Pc
- Address
- 1117 PERIMETER CTR WEST W212, ATLANTA, GA 30338
- Preparer
- L D Attaway
- Phone
- 4046078400
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I
“A total of 101,000 in high end designer fabrics and textiles were graciously donated to the organization to be used to create the one of a kind bags.”
Form 990-ez, Part I, Line 16
“Expenses advertising 1,383 office postage bank 5,422 information technology 140 travel 229 meals & entertainment 1,794 charitable contributions 137 total 9,105”
Form 990-ez, Part I, Line 20
“Correct bank of amercia credit card 0”
Form 990-ez, Part II, Line 26
“Unsecured notes and loans payable 641 641”
Form 990-ez, Part III
“To employ unemployable women in vulnerable populations, providing them with income, practice using english, and job skills”
Form 990-ez, Part III, Line 31
“Making high quality bags to employ unemployable women in vulnerable populations, providing them with income, practice using english, and job skills”
Raw XML Appendix143 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.
| Path | # | Value |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | DENISE SMITH |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | DENISE SMITH |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6787072780 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 195 AMBERBROOK CIRCLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | GRAYSON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | GA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 30017 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 7817 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 14453 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 19898 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 43911 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 6636 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 7817 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 14453 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 36247 |
| IRS990EZ/GrossReceiptsAmt | 0 | 100056 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 80158 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 7176 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 13812 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 7176 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 13812 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2452 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 19584 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DENISE SMITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 9105 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MAKING HIGH QUALITY BAGS TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | MAKING HIGH QUALITY BAGS TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 49369 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 140 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 37952 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | GA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 641 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 641 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 49509 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 49509 |
| IRS990EZ/TotalRevenueAmt | 0 | 56145 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.PEACEOFTHREAD.COM |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 19898 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 9929 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 16074 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1547 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 12000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 59448 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 80158 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 113417 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 136064 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 125711 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 107880 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 563230 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 622678 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 100056 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 123346 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 152138 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 127258 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 119880 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 622678 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 100056 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 123346 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 152138 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 127258 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 119880 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 622678 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A TOTAL OF 101,000 IN HIGH END DESIGNER FABRICS AND TEXTILES WERE GRACIOUSLY DONATED TO THE ORGANIZATION TO BE USED TO CREATE THE ONE OF A KIND BAGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES ADVERTISING 1,383 OFFICE POSTAGE BANK 5,422 INFORMATION TECHNOLOGY 140 TRAVEL 229 MEALS & ENTERTAINMENT 1,794 CHARITABLE CONTRIBUTIONS 137 TOTAL 9,105 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CORRECT BANK OF AMERCIA CREDIT CARD 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | UNSECURED NOTES AND LOANS PAYABLE 641 641 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | MAKING HIGH QUALITY BAGS TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DENISE SMITH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6787072780 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-06-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PEACE OF THREAD INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PEAC |
| ReturnHeader/Filer/EIN | 0 | 461695943 |
| ReturnHeader/Filer/PhoneNum | 0 | 6787072780 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 195 AMERBROOK CIRCLE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GRAYSON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | GA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 30017 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 161718231 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ATTAWAY LINVILLE PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1117 PERIMETER CTR WEST W212 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ATLANTA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | GA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 30338 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4046078400 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-06-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | L D ATTAWAY |
| ReturnHeader/ReturnTs | 0 | 2021-06-08T14:03:32-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | DENISE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | SMITH |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $14,453
- Liabilities
- $641
- Net assets
- $13,812
- Revenue
- $56,145
- Expenses
- $49,509
- Net income
- $6,636