Civic Intelligence

Thread Group Inc

990 • Fiscal year 2018 • EIN 47-1172966

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 26, 2019

2400 CAMINO RAMON No 375San Ramon, CA 94583

(925) 275-6644

Siviq Scores

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

Liabilities / Assets

94th percentile

0.79x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.51x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

89th percentile

22%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

87th percentile

21%

Faster asset growth than 87% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-2.6%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,245,373

Up $219,631 (+21%) from 2017

Net Assets

Up

$255,682

Up $435,137 (+242%) from 2017

Liabilities

Down

$989,691

Down $215,506 (-18%) from 2017

Revenue

Down

$1,944,485

Down $52,301 (-2.6%) from 2017

Expenses

Down

$1,509,348

Down $752,825 (-33%) from 2017

Net Income

Up

$435,137

Up $700,524 (+264%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2015: $1,084,462Liabilities 2015: $1,101,985Net Assets 2015: -$17,5232015Assets 2016: $654,802Liabilities 2016: $1,216,186Net Assets 2016: -$561,3842016Assets 2017: $1,025,742Liabilities 2017: $1,205,197Net Assets 2017: -$179,4552017Assets 2018: $1,245,373Liabilities 2018: $989,691Net Assets 2018: $255,6822018Assets 2019: $1,159,465Liabilities 2019: $955,264Net Assets 2019: $204,2012019Assets 2020: $1,122,223Liabilities 2020: $796,536Net Assets 2020: $325,6872020Assets 2021: $1,431,071Liabilities 2021: $984,950Net Assets 2021: $446,1212021Assets 2022: $1,526,630Liabilities 2022: $922,646Net Assets 2022: $603,9842022Assets 2023: $1,978,026Liabilities 2023: $1,402,859Net Assets 2023: $575,1672023Assets 2024: $2,564,824Liabilities 2024: $1,440,598Net Assets 2024: $1,124,2262024

Highlighted filing

2018

Assets$1,245,373
Liabilities$989,691
Net Assets$255,682

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,783,706Expenses 2015: $1,948,802Net Income 2015: -$165,0962015Revenue 2016: $2,202,260Expenses 2016: $2,746,121Net Income 2016: -$543,8612016Revenue 2017: $1,996,786Expenses 2017: $2,262,173Net Income 2017: -$265,3872017Revenue 2018: $1,944,485Expenses 2018: $1,509,348Net Income 2018: $435,1372018Revenue 2019: $1,797,537Expenses 2019: $1,727,261Net Income 2019: $70,2762019Revenue 2020: $1,543,423Expenses 2020: $1,421,937Net Income 2020: $121,4862020Revenue 2021: $1,657,288Expenses 2021: $1,463,291Net Income 2021: $193,9972021Revenue 2022: $2,013,102Expenses 2022: $1,855,239Net Income 2022: $157,8632022Revenue 2023: $2,229,092Expenses 2023: $2,183,545Net Income 2023: $45,5472023Revenue 2024: $2,881,601Expenses 2024: $2,332,542Net Income 2024: $549,0592024

Highlighted filing

2018

Revenue$1,944,485
Expenses$1,509,348
Net Income$435,137
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 26, 2019
Return Version
2018v3.1
Gross Receipts
$1,944,485
Mission and Program Overview

Mission

THREAD GROUP'S MISSION IS TO OFFER MANUFACTURERS AND CONSUMERS THE VERY BEST WAY TO CONNECT AND CONTROL IoT PRODUCTS.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$364,737$566,175▲ $201,438
Land, Buildings, and Equipment, Net$520,365$504,529▼ $15,836
Accounts Receivable$53,750$122,750▲ $69,000
Savings and Temporary Cash Investments$30,000$30,097▲ $97
Prepaid Expenses and Deferred Charges$56,890$9,822▼ $47,068
Total Assets$1,025,742$1,245,373▲ $219,631
Other Assets Total$0$12,000▲ $12,000
Liabilities
Deferred Revenue$733,167$805,654▲ $72,487
Accounts Payable and Accrued Expenses$472,030$184,037▼ $287,993
Total Liabilities$1,205,197$989,691▼ $215,506
Net Assets / Fund Balance
Unrestricted Net Assets$-179,455$255,682▲ $435,137
Total Net Assets Fund Balance$-179,455$255,682▲ $435,137
Total Liabilities and Net Assets / Fund Balance$1,025,742$1,245,373▲ $219,631

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$504,529$300,829-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Grant EricksonPresident and Director
Arnulf RuppDirector
Cameron WilliamsDirector
Jean-michel OrsatDirector
Klaus WaechterDirector
Par HaakanssonDirector
Rolf De VegtDirector
Skip AshtonDirector
Stuart CheshireDirector
Bill CurtisSecretary and Director
Kevin KrausTreasurer and Director
Sujata NeidigVP of Marketing and Direct
Jonathan HuiVP of Technology

Highest Paid Contractors

ContractorServicesLocationCompensation
Global InventuresManagement Services2400 CAMINO RAMON SUITE 375, San Ramon, CA 94583, Sn$860,780
King & Schickli PllcLegal Support800 CORPORATE DRIVE SUITE 200, Lexington, KY 50503$165,373
Granite River LabsCertification Support301 E 57TH STREET, New York, NY 10022$141,084
Finn PartnersPublic Relations-$120,675
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,944,425
Investment Income
$60
Other Revenue
$0
Change in Net Assets
$435,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,509,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal---$185,607
Fees for Services Other---$166,200
Depreciation Depletion---$137,387
Fees for Services Management---$120,800
Information Technology---$24,513
Insurance---$19,118
Travel---$12,573
Other Expenses---$11,929
Conferences and Meetings---$10,144
Fees for Services Accounting---$10,046
Total Functional Expenses$0$0$0$1,509,348
International Activity

International Summary

Offices
0
Employees
0
Spending
$177,859

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesCertification Support00$141,084
EuropeProgram ServicesTechnical Program/consulting00$32,838
EuropeProgram ServicesMarketing Program00$3,937
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The organization contracts with an association management company to provide executive management, membership support, marketing, and financial services.

Form 990, Part VI, Section B, line 11B

The draft form 990 is reviewed and approved by the president and treasurer prior to filing.

Form 990, Part VI, Section C, line 19

The governing documents are available on the website. Financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Thread Group Inc
EIN
47-1172966
Phone
9252756644
Address
2400 CAMINO RAMON No 375, SAN RAMON, CA 94583

Signing Officer

Name
Kevin Kraus
Title
Treasurer
Phone
9252756644
Signed
2019-07-26

Organization Details

Principal Officer
Grant Erickson
Formed
2014
Legal Domicile
De
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Cropper Accountancy Corporation
Address
2977 YGNACIO VALLEY RD 460, WALNUT CREEK, CA 94598
Preparer
Mary Ann Cropper
Phone
9259323860
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Virtual business services 118,200. Strategic advisor 48,000.

Raw XML AppendixShowing 400 of 423 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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IRS990/PrincipalOfficerNm0GRANT ERICKSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1EVENTS
IRS990/ProgramServiceRevenueGrp/Desc2CERTIFICATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01706481
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1231194
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01706481
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1231194
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26750
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION HELD TWO SUCCESSFUL MEMBER MEETINGS, PARTICIPATED IN LIGHT+BUILDING, AND HOSTED A ROUNDTABLE AMONG KEY STAKEHOLDERS IN THE COMMERCIAL BUILDING INDUSTRY.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION FORMED LIAISON PARTNERSHIPS WITH THE NFC FORUM.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0483
IRS990/PYOtherExpensesAmt02262173
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01996303
IRS990/PYRevenuesLessExpensesAmt0-265387
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02262173
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01996786
IRS990/ReconcilationRevenueExpnssAmt0435137
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030097
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0504529
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0300829
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0805358
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0504529
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0141084
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt132838
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt23937
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0CERTIFICATION SUPPORT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1TECHNICAL PROGRAM/CONSULTING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2MARKETING PROGRAM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0177859
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0177859
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONTRACTS WITH AN ASSOCIATION MANAGEMENT COMPANY TO PROVIDE EXECUTIVE MANAGEMENT, MEMBERSHIP SUPPORT, MARKETING, AND FINANCIAL SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VIRTUAL BUSINESS SERVICES 118,200. STRATEGIC ADVISOR 48,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01025742
IRS990/TotalAssetsEOYAmt01245373
IRS990/TotalAssetsGrp/BOYAmt01025742
IRS990/TotalAssetsGrp/EOYAmt01245373
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01509348
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01205197
IRS990/TotalLiabilitiesEOYAmt0989691
IRS990/TotalLiabilitiesGrp/BOYAmt01205197
IRS990/TotalLiabilitiesGrp/EOYAmt0989691
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-179455
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0255682
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01944425
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01944485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01944485
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01025742
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01245373
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt012573
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-179455
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0255682
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02400 CAMINO RAMON No 375
IRS990/USAddress/CityNm0SAN RAMON
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094583
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.THREADGROUP.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN KRAUS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09252756644
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THREAD GROUP INC
ReturnHeader/Filer/BusinessNameControlTxt0THRE
ReturnHeader/Filer/EIN0471172966
ReturnHeader/Filer/PhoneNum09252756644
ReturnHeader/Filer/USAddress/AddressLine1Txt02400 CAMINO RAMON No 375
ReturnHeader/Filer/USAddress/CityNm0SAN RAMON

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