Civic Intelligence

Living Threads

990 • Fiscal year 2020 • EIN 46-1944634

Jan 01, 2020 to Dec 31, 2020 • Filed on May 27, 2021

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

77th percentile

0.13x

Higher debt load relative to assets than 77% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.12x

Higher debt load relative to revenue than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

27th percentile

-11%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

90th percentile

$44,530

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 21.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

44th percentile

0.3%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-15%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Flat

$187,431

Flat from 2020

Net Assets

Flat

$163,011

Flat from 2020

Liabilities

Flat

$24,420

Flat from 2020

Revenue

Flat

$207,200

Flat from 2020

Expenses

Flat

$229,962

Flat from 2020

Net Income

Flat

-$22,762

Flat from 2020

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 2019: $186,900Liabilities 2019: $1,127Net Assets 2019: $185,7732019Assets 2020: $187,431Liabilities 2020: $24,420Net Assets 2020: $163,0112020Assets 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

2020

Assets$187,431
Liabilities$24,420
Net Assets$163,011

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 2019: $244,160Expenses 2019: $220,663Net Income 2019: $23,4972019Revenue 2020: $207,200Expenses 2020: $229,962Net Income 2020: -$22,7622020Revenue 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

2020

Revenue$207,200
Expenses$229,962
Net Income-$22,762
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 27, 2021
Return Version
2020v4.0
Gross Receipts
$214,301
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.

To provide memory quilts for grieving families, purposeful community for volunteers, and meet the spiritual and physical needs of impoverished children around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$132,486$147,219▲ $14,733
Land, Buildings, and Equipment, Net$43,731$36,837▼ $6,894
Accounts Receivable$10,683$3,375▼ $7,308
Total Assets$186,900$187,431▲ $531
Liabilities
Accounts Payable and Accrued Expenses$1,127$23,720▲ $22,593
Deferred Revenue-$700-
Total Liabilities$1,127$24,420▲ $23,293
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$185,773$163,011▼ $22,762
Total Net Assets Fund Balance$185,773$163,011▼ $22,762
Total Liabilities and Net Assets / Fund Balance$186,900$187,431▲ $531

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$36,837$32,107$68,944
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jill DannenbergPresidentFT$44,530$44,530

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$112,979
Program Service Revenue
$56,157
Investment Income
$101
Other Revenue
$37,963
All Other Contributions
$112,979
Change in Net Assets
$-22,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$124,492
Other Expenses$81,686
Total Fundraising Expense$36,184
Grants and Similar Amounts Paid$23,784
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,329$2,532$10,130$70,991
Current Officers, Directors, Trustees, and Key Employees$22,265$11,133$11,132$44,530
Grants to Domestic Orgs$23,784--$23,784
Occupancy$17,132$889-$18,021
Conferences and Meetings$14,226$207$310$14,743
Office Expenses$5,876$3,456$1,405$10,737
Payroll Taxes$6,165$1,045$1,761$8,971
Depreciation Depletion$6,894--$6,894
Advertising$140$70$6,480$6,690
Insurance$1,585$1,708$-393$2,900
Fees for Services Accounting-$2,025-$2,025
Information Technology$666$683$530$1,879
Fees for Services Other-$1,132-$1,132
Other Expenses$1,164$1,126$4,702$1,126
Travel$636$85$127$848
Total Functional Expenses$167,687$26,091$36,184$229,962
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
International NeedsHudsonville, MI501c3Kibera Bible Club$23,784
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,269
Fundraising Direct Expenses$7,101
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Dinner$37,579$37,579$7,101$30,478
Total Events$37,579$37,579$7,101$30,478
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 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

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

The governing documents, conflict of interest policy, and financial statements of the organization are available to the public 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
Jill Dannenberg
Title
President
Phone
6167486505
Signed
2021-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Dannenberg
Formed
2013
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
9
Volunteers
31

Preparer

Firm
Meyaard Tolman & Venlet Pc
Address
PO BOX 320, ZEELAND, MI 49464
Preparer
Jayne E Venlet
Phone
6167721901
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IRS990/ReconcilationRevenueExpnssAmt0-22762
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt056157
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING EVENT REVENUE 39,269 MISCELLANEOUS INCOME 5,790
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0112979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0111269
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0106186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt064680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt074758
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0469872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0101
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0101
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0421036
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt045059
IRS990ScheduleA/OtherIncome170Grp/TotalAmt045059
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85480
IRS990ScheduleA/PublicSupportPY170Pct00.94250
IRS990ScheduleA/PublicSupportTotal170Amt0440731
IRS990ScheduleA/SubstantialContributorsTotAmt029141
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0112979
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0111269
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0106186
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt064680
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt074758
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0469872
IRS990ScheduleA/TotalSupportAmt0515623
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0591
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0591
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt036837
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032107
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt068944
IRS990ScheduleD/TotalBookValueLandBuildingsAmt036837
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07101
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037579
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037579
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037579
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037579
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt030478
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07101
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07101
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt023784
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 2019, 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/ExplanationTxt0A DRAFT COPY OF THE 990 IS EMAILED TO ALL BOARD MEMBERS, GIVING THEM OPPORTUNITY TO REVIEW IT PRIOR TO ITS BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY 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/ExplanationTxt2THE 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/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0186900
IRS990/TotalAssetsEOYAmt0187431
IRS990/TotalAssetsGrp/BOYAmt0186900
IRS990/TotalAssetsGrp/EOYAmt0187431
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0112979
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt036184
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026091
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0167687
IRS990/TotalFunctionalExpensesGrp/TotalAmt0229962
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01127
IRS990/TotalLiabilitiesEOYAmt024420
IRS990/TotalLiabilitiesGrp/BOYAmt01127
IRS990/TotalLiabilitiesGrp/EOYAmt024420
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0185773
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0163011
IRS990/TotalProgramServiceExpensesAmt0167687
IRS990/TotalProgramServiceRevenueAmt056157
IRS990/TotalReportableCompFromOrgAmt044530
IRS990/TotalRevenueGrp/ExclusionAmt038064
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt056157
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0207200
IRS990/TotalVolunteersCnt031
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0186900
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0187431
IRS990/TravelGrp/FundraisingAmt0127
IRS990/TravelGrp/ManagementAndGeneralAmt085
IRS990/TravelGrp/ProgramServicesAmt0636
IRS990/TravelGrp/TotalAmt0848
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 SOUTH PINE
IRS990/USAddress/AddressLine2Txt0SUITE 145

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