Civic Intelligence

Living Threads

990 • Fiscal year 2018 • EIN 46-1944634

Jan 01, 2018 to Dec 31, 2018 • Filed on May 08, 2019

100 Pine St Suite 145Zeeland, MI 49464

(616) 748-6505

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

89th percentile

$36,900

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

49th percentile

0.8%

Faster asset growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

39%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Flat

$162,421

Flat from 2018

Net Assets

Flat

$162,276

Flat from 2018

Liabilities

Flat

$145

Flat from 2018

Revenue

Flat

$217,744

Flat from 2018

Expenses

Flat

$216,453

Flat from 2018

Net Income

Flat

$1,291

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $84,807Net Assets 2013: $84,8072013Assets 2014: $113,889Net Assets 2014: $113,8892014Assets 2015: $132,812Liabilities 2015: $50Net Assets 2015: $132,7622015Assets 2016: $142,953Liabilities 2016: $241Net Assets 2016: $142,7122016Assets 2017: $161,133Liabilities 2017: $148Net Assets 2017: $160,9852017Assets 2018: $162,421Liabilities 2018: $145Net Assets 2018: $162,2762018Assets 2018: $162,421Liabilities 2018: $145Net Assets 2018: $162,2762018Assets 2019: $186,900Liabilities 2019: $1,127Net Assets 2019: $185,7732019Assets 2020: $187,431Liabilities 2020: $24,420Net Assets 2020: $163,0112020Assets 2021: $248,601Liabilities 2021: $288Net Assets 2021: $248,3132021Assets 2022: $292,333Liabilities 2022: $301Net Assets 2022: $292,0322022Assets 2023: $338,387Liabilities 2023: $333Net Assets 2023: $338,0542023

Highlighted filing

2018

Assets$162,421
Liabilities$145
Net Assets$162,276

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2013: $110,580Expenses 2013: $49,843Net Income 2013: $60,7372013Revenue 2014: $98,423Expenses 2014: $69,334Net Income 2014: $29,0892014Revenue 2015: $114,217Expenses 2015: $95,342Net Income 2015: $18,8752015Revenue 2016: $155,550Expenses 2016: $145,600Net Income 2016: $9,9502016Revenue 2017: $156,682Expenses 2017: $138,411Net Income 2017: $18,2712017Revenue 2018: $217,744Expenses 2018: $216,453Net Income 2018: $1,2912018Revenue 2018: $217,744Expenses 2018: $216,453Net Income 2018: $1,2912018Revenue 2019: $244,160Expenses 2019: $220,663Net Income 2019: $23,4972019Revenue 2020: $207,200Expenses 2020: $229,962Net Income 2020: -$22,7622020Revenue 2021: $342,630Expenses 2021: $257,328Net Income 2021: $85,3022021Revenue 2022: $319,225Expenses 2022: $275,506Net Income 2022: $43,7192022Revenue 2023: $358,239Expenses 2023: $312,217Net Income 2023: $46,0222023

Highlighted filing

2018

Revenue$217,744
Expenses$216,453
Net Income$1,291
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 8, 2019
Return Version
2018v3.1
Gross Receipts
$225,779
Mission and Program Overview

Mission

To share the love of jesus by providing purposeful community for volunteers and to meet the spiritual and physical needs of impoverished children.

Living threads is a ministry devoted to keeping the memory of a loved one alive through the creation of quilts, giving volunteer quilters purposeful sewing opportunities and using the proceeds from these quilts to financially support existing christian organizations who provide food, education and share the hope of salvation through jesus christ to the poor and needy children of the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,853$102,150▼ $20,703
Land, Buildings, and Equipment, Net$29,933$50,626▲ $20,693
Accounts Receivable$8,347$9,645▲ $1,298
Total Assets$161,133$162,421▲ $1,288
Liabilities
Accounts Payable and Accrued Expenses$148$145▼ $3
Total Liabilities$148$145▼ $3
Net Assets / Fund Balance
Unrestricted Net Assets$160,985$162,276▲ $1,291
Total Net Assets Fund Balance$160,985$162,276▲ $1,291
Total Liabilities and Net Assets / Fund Balance$161,133$162,421▲ $1,288

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$50,626$18,318$68,944
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dannenberg JillPresidentFT$36,900$36,900

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$106,186
Program Service Revenue
$64,793
Investment Income
$0
Other Revenue
$46,765
All Other Contributions
$106,186
Change in Net Assets
$1,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$101,033
Other Expenses$65,975
Grants and Similar Amounts Paid$49,445
Total Fundraising Expense$17,595
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$47,833$2,736$6,384$56,953
Grants to Domestic Orgs$49,445--$49,445
Current Officers, Directors, Trustees, and Key Employees$22,140$9,225$5,535$36,900
Occupancy$15,645$792-$16,437
Conferences and Meetings$9,818--$9,818
Office Expenses$6,356$2,450$945$9,751
Payroll Taxes$5,353$915$912$7,180
Advertising$1,274$908$3,203$5,385
Depreciation Depletion$4,772--$4,772
Insurance$1,585$1,586$270$3,441
Information Technology$801$1,073$232$2,106
Fees for Services Accounting-$1,970-$1,970
Travel$572$76$114$762
Other Expenses$583$902-$583
Total Functional Expenses$175,889$22,969$17,595$216,453
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
International NeedsHudsonville, MI501c3Kibera Bible Club$49,445
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$52,326
Fundraising Direct Expenses$7,339
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$47,980$47,980$3,184$44,796
Total Events$47,980$47,980$7,173$40,807
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
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

A draft copy of the 990 is emailed to all board members, giving them opportunity to review it prior to its being filed.

Form 990, Page 6, Part VI, Line 12C

Any identified conflicts of interest will be directed to the executive committee of the board. Any transactions which could lead to a potential conflict of interest will be avoided.

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

The finance/personnel committee reviews the president's compensation and makes a recommendation to the board. The board votes on the annual compensation. The president does not participate in that discussion, and she does not participate in that vote.

Form 990, Page 6, Part VI, Line 19

Readily available upon request.

Filing and Contact Details

Filer

Filer Name
Living Threads
EIN
46-1944634
Phone
6167486505
Address
100 PINE ST SUITE 145, ZEELAND, MI 49464
Doing Business As
Living Threads Ministry

Signing Officer

Name
Dannenberg Jill
Title
President
Phone
6167486505
Signed
2019-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dannenberg Jill
Formed
2013
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
7
Volunteers
35

Preparer

Firm
Meyaard Tolman & Venlet Pc
Address
PO BOX 320, ZEELAND, MI 49464
Preparer
Jayne E Venlet
Phone
6167721901
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Living threads is a ministry devoted to keeping the memory of a loved one alive through the creation of quilts, giving volunteer quilters purposeful sewing opportunities and using the proceeds from these quilts to financially support existing christian organizations who provide food, education and share the hope of salvation through jesus christ to the poor and needy children of the world.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM SERVICE REVENUE 154,503
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0106186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt064680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt074758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt040402
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt046399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0332425
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0221079
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt053182
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt040020
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt032494
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt028807
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0154503
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64900
IRS990ScheduleA/PublicSupportPY170Pct00.68340
IRS990ScheduleA/PublicSupportTotal170Amt0316385
IRS990ScheduleA/SubstantialContributorsTotAmt016040
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0106186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt064680
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt074758
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt040402
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt046399
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0332425
IRS990ScheduleA/TotalSupportAmt0487519
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt0591
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0591
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt050626
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018318
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt068944
IRS990ScheduleD/TotalBookValueLandBuildingsAmt050626
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07173
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03989
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03989
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt047980
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt047980
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt047980
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt047980
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt040807
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03184
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03184
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt049445
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0KIBERA BIBLE CLUB
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INTERNATIONAL NEEDS
IRS990ScheduleI/RecipientTable/RecipientEIN0911080666
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05570 32ND AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HUDSONVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd049426
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IN 2016, ONE BOARD MEMBER AND ONE STAFF MEMBER TRAVELED TO KENYA. THE PURPOSE OF THE TRIP WAS TO DELIVER SUPPLIES TO THE KIBERA BIBLE CLUBS AS WELL AS MONITOR HOW THE GRANT FUNDS WERE BEING UTILIZED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LIVING THREADS IS A MINISTRY DEVOTED TO KEEPING THE MEMORY OF A LOVED ONE ALIVE THROUGH THE CREATION OF QUILTS, GIVING VOLUNTEER QUILTERS PURPOSEFUL SEWING OPPORTUNITIES AND USING THE PROCEEDS FROM THESE QUILTS TO FINANCIALLY SUPPORT EXISTING CHRISTIAN ORGANIZATIONS WHO PROVIDE FOOD, EDUCATION AND SHARE THE HOPE OF SALVATION THROUGH JESUS CHRIST TO THE POOR AND NEEDY CHILDREN OF THE WORLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE 990 IS EMAILED TO ALL BOARD MEMBERS, GIVING THEM OPPORTUNITY TO REVIEW IT PRIOR TO ITS BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY IDENTIFIED CONFLICTS OF INTEREST WILL BE DIRECTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. ANY TRANSACTIONS WHICH COULD LEAD TO A POTENTIAL CONFLICT OF INTEREST WILL BE AVOIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCE/PERSONNEL COMMITTEE REVIEWS THE PRESIDENT'S COMPENSATION AND MAKES A RECOMMENDATION TO THE BOARD. THE BOARD VOTES ON THE ANNUAL COMPENSATION. THE PRESIDENT DOES NOT PARTICIPATE IN THAT DISCUSSION, AND SHE DOES NOT PARTICIPATE IN THAT VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4READILY AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0161133
IRS990/TotalAssetsEOYAmt0162421
IRS990/TotalAssetsGrp/BOYAmt0161133
IRS990/TotalAssetsGrp/EOYAmt0162421
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0106186
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017595
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022969
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175889
IRS990/TotalFunctionalExpensesGrp/TotalAmt0216453
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0148
IRS990/TotalLiabilitiesEOYAmt0145
IRS990/TotalLiabilitiesGrp/BOYAmt0148
IRS990/TotalLiabilitiesGrp/EOYAmt0145
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0160985
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0162276
IRS990/TotalProgramServiceExpensesAmt0175889
IRS990/TotalProgramServiceRevenueAmt064793
IRS990/TotalReportableCompFromOrgAmt036900
IRS990/TotalRevenueGrp/ExclusionAmt01591
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt064980
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0217744
IRS990/TotalVolunteersCnt035
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0161133
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0162421
IRS990/TravelGrp/FundraisingAmt0114
IRS990/TravelGrp/ManagementAndGeneralAmt076
IRS990/TravelGrp/ProgramServicesAmt0572
IRS990/TravelGrp/TotalAmt0762
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0160985
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0162276
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 SOUTH PINE
IRS990/USAddress/AddressLine2Txt0SUITE 145
IRS990/USAddress/CityNm0ZEELAND
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049464
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.LIVINGTHREADSMINISTRY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANNENBERG JILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06167486505
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LIVING THREADS
ReturnHeader/Filer/BusinessNameControlTxt0LIVI

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