Civic Intelligence

Binding Thread Inc.

990 • Fiscal year 2021 • EIN 83-3464773

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 18, 2022

Organization Profilewww.bindingthread.org
703 S Willow RdEvansville, IN 47714

(812) 568-0330

Siviq Scores

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

Liabilities / Assets

46th percentile

0.02x

Higher debt load relative to assets than 46% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

40th percentile

0.01x

Higher debt load relative to revenue than 40% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

55th percentile

15%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

78th percentile

37%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

28%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$455,518

Up $124,027 (+37%) from 2020

Net Assets

Up

$448,663

Up $117,868 (+36%) from 2020

Liabilities

Up

$6,855

Up $6,159 (+885%) from 2020

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin55th percentile

Revenue

Up

$770,420

Up $168,872 (+28%) from 2020

Expenses

Up

$652,837

Up $154,248 (+31%) from 2020

Net Income

Up

$117,583

Up $14,624 (+14%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$800K$600K$400K$200K$0Assets 2019: $228,529Liabilities 2019: $256Net Assets 2019: $228,2732019Assets 2020: $331,491Liabilities 2020: $696Net Assets 2020: $330,7952020Assets 2021: $455,518Liabilities 2021: $6,855Net Assets 2021: $448,6632021Assets 2022: $399,108Liabilities 2022: $40,557Net Assets 2022: $358,5512022Assets 2023: $628,816Liabilities 2023: $6,350Net Assets 2023: $622,4662023Assets 2024: $718,718Liabilities 2024: $0Net Assets 2024: $718,7182024Assets 2025: $778,813Liabilities 2025: $0Net Assets 2025: $778,8132025

Highlighted filing

2021

Assets$455,518
Liabilities$6,855
Net Assets$448,663
Open 2021 Filing

Operations Trend

Revenue Growth62nd percentile

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

$1.0M$500K$0-$500KRevenue 2019: $345,308Expenses 2019: $117,035Net Income 2019: $228,2732019Revenue 2020: $601,548Expenses 2020: $498,589Net Income 2020: $102,9592020Revenue 2021: $770,420Expenses 2021: $652,837Net Income 2021: $117,5832021Revenue 2022: $668,201Expenses 2022: $767,604Net Income 2022: -$99,4032022Revenue 2023: $927,268Expenses 2023: $653,266Net Income 2023: $274,0022023Revenue 2024: $780,324Expenses 2024: $684,072Net Income 2024: $96,2522024Revenue 2025: $890,389Expenses 2025: $830,294Net Income 2025: $60,0952025

Highlighted filing

2021

Revenue$770,420
Expenses$652,837
Net Income$117,583
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 18, 2022
Return Version
2021v4.1
Gross Receipts
$770,420
Mission and Program Overview

Mission

Organization dedicated to relief of the poor, the distressed, and the underprovileged by providing basic needs to orphans through collection and distribution of resources on a regular and consistent basis.

Binding Thread Inc is an organization dedicated to relief of the poor distressed and underpriveledged by providing basic needs to orphans

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$331,491$455,518▲ $124,027
Total Assets$331,491$455,518▲ $124,027
Liabilities
Accounts Payable and Accrued Expenses$696$6,855▲ $6,159
Total Liabilities$696$6,855▲ $6,159
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$330,795$448,663▲ $117,868
Total Net Assets Fund Balance$330,795$448,663▲ $117,868
Total Liabilities and Net Assets / Fund Balance$331,491$455,518▲ $124,027
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Allison RuganiConnection Director
Jason RuganiExecutive Director
Donna CarrVolunteer Director
Ashley DyeAdvisor
Jody SmithAdvisor
Beth TromleyShop Manager
Revenue and Support

Revenue Composition

Contributions and Grants
$770,420
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$770,420
Change in Net Assets
$117,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$600,048
Other Expenses$52,789
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$600,048--$600,048
Office Expenses$24,494$12,813-$37,307
Other Expenses$629$12,000-$12,629
Information Technology$1,375--$1,375
Payments to Affiliates$960--$960
Insurance$518--$518
Total Functional Expenses$628,024$24,813$0$652,837
International Activity

International Summary

Offices
13
Employees
65
Spending
$600,048

International Compliance

Foreign grant records maintained
No
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 ServicesFood, Clothing, Housing1365$600,048
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
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 2

“Jason Rugani - Family Relationship - Allison Rugani”

Part VI Line 2

“Allison Rugani - Family Relationship - Donna Carr”

Part VI Line 11B

“Reviewed by independent financial auditor”

Part VI Line 12C

“Annual review and compliance signatory”

Part VI Line 15A or B

“No compensation applied. Review and agreement required from governing board”

Part VI Line 19

“Corporate ByLaws, Articles of Incorporation, Ethical Reporting Policy,”

Part VI Line 19

“Privacy, and Conflict of Interest policies are published to company website”

Filing and Contact Details

Filer

Filer Name
Binding Thread Inc
EIN
83-3464773
In Care Of
% Jason Rugani
Phone
8125680330
Address
703 S Willow Rd, Evansville, IN 47714

Signing Officer

Name
Jason Rugani
Title
Executive Director
Phone
8125680330
Signed
2022-03-18

Organization Details

Principal Officer
Jason Rugani
Formed
2019
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
100
Supplemental Narrative

Additional Explanations

VI,SecA,Line2

“Jason Rugani - Family Relationship - Allison Rugani”

VI,SecA,Line2

“Allison Rugani - Family Relationship - Donna Carr”

VI,SecB,Line11a

“Reviewed by independent financial auditor”

VI,SecB,Line12c

“Annual review and compliance signatory”

VI,SecB,Line15b

“No compensation applied. Review and agreement required by board”

VI,SecC,Line19

“Corporate ByLaws, Articles of Incorporation, Ethical Reporting Policy,”

VI,SecC,Line19

“Privacy, and Conflict of Interest policies are published to company website”

VI,SecC,Line19

“All financial reports are available through website upon request”

Raw XML Appendix322 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0696
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06855
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Binding Thread Inc is an organization dedicated to relief of the poor distressed and underpriveledged by providing basic needs to orphans
IRS990/AllOtherContributionsAmt0770420
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JASON RUGANI
IRS990/BooksInCareOfDetail/PhoneNum08125680330
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0703 S Willow Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Evansville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047714
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0331491
IRS990/CashNonInterestBearingGrp/EOYAmt0455518
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0770420
IRS990/CYGrantsAndSimilarPaidAmt0600048
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt052789
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0117583
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0652837
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0770420
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Provide food, clothing, and education to 550 orphans in Myanmar through local collection from donors in the US
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt0600048
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0600048
IRS990/ForeignGrantsGrp/TotalAmt0600048
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0JASON RUGANI
IRS990/Form990PartVIISectionAGrp/PersonNm1DONNA CARR
IRS990/Form990PartVIISectionAGrp/PersonNm2ALLISON RUGANI
IRS990/Form990PartVIISectionAGrp/PersonNm3BETH TROMLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4JODY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm5ASHLEY DYE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Volunteer Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Connection Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Shop Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt4Advisor
IRS990/Form990PartVIISectionAGrp/TitleTxt5Advisor
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0770420
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt01375
IRS990/InformationTechnologyGrp/TotalAmt01375
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0518
IRS990/InsuranceGrp/TotalAmt0518
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Organization dedicated to relief of the poor, the distressed, and the underprovileged by providing basic needs to orphans through collection and distribution of resources on a regular and consistent basis.
IRS990/MoreThan5000KToIndividualsInd0true
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt0330795
IRS990/NetAssetsOrFundBalancesEOYAmt0448663
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0330795
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0448663
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012813
IRS990/OfficeExpensesGrp/ProgramServicesAmt024494
IRS990/OfficeExpensesGrp/TotalAmt037307
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Rent
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012000
IRS990/OtherExpensesGrp/ProgramServicesAmt0629
IRS990/OtherExpensesGrp/TotalAmt012629
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0960
IRS990/PaymentsToAffiliatesGrp/TotalAmt0960
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JASON RUGANI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0601548
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0454934
IRS990/PYOtherExpensesAmt043655
IRS990/PYRevenuesLessExpensesAmt0102959
IRS990/PYTotalExpensesAmt0498589
IRS990/PYTotalRevenueAmt0601548
IRS990/ReconcilationRevenueExpnssAmt0117583
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0770420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0601548
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0345308
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01717276
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01717276
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0770420
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0601548
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0345308
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01717276
IRS990ScheduleA/TotalSupportAmt01717276
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
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt065
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt013
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0600048
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Food, Clothing, Housing
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt065
IRS990ScheduleF/SubtotalOfficesCnt013
IRS990ScheduleF/SubtotalSpentAmt0600048
IRS990ScheduleF/TotalEmployeeCnt065
IRS990ScheduleF/TotalOfficeCnt013
IRS990ScheduleF/TotalSpentAmt0600048
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Jason Rugani - Family Relationship - Allison Rugani
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Allison Rugani - Family Relationship - Donna Carr
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reviewed by independent financial auditor
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annual review and compliance signatory
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No compensation applied. Review and agreement required from governing board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Corporate ByLaws, Articles of Incorporation, Ethical Reporting Policy,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Privacy, and Conflict of Interest policies are published to company website
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Jason Rugani - Family Relationship - Allison Rugani
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Allison Rugani - Family Relationship - Donna Carr
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Reviewed by independent financial auditor
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Annual review and compliance signatory
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11No compensation applied. Review and agreement required by board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Corporate ByLaws, Articles of Incorporation, Ethical Reporting Policy,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Privacy, and Conflict of Interest policies are published to company website
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14All financial reports are available through website upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7VI,SecA,Line2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8VI,SecA,Line2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9VI,SecB,Line11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10VI,SecB,Line12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11VI,SecB,Line15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12VI,SecC,Line19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13VI,SecC,Line19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14VI,SecC,Line19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0331491
IRS990/TotalAssetsEOYAmt0455518
IRS990/TotalAssetsGrp/BOYAmt0331491
IRS990/TotalAssetsGrp/EOYAmt0455518
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0770420
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024813
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0628024
IRS990/TotalFunctionalExpensesGrp/TotalAmt0652837
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0696
IRS990/TotalLiabilitiesEOYAmt06855
IRS990/TotalLiabilitiesGrp/BOYAmt0696
IRS990/TotalLiabilitiesGrp/EOYAmt06855
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0330795
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0448663
IRS990/TotalProgramServiceExpensesAmt0600048
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0770420
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0331491
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0455518
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0703 S Willow Rd
IRS990/USAddress/CityNm0Evansville
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047714
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.bindingthread.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON RUGANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08125680330
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Binding Thread Inc
ReturnHeader/Filer/BusinessNameControlTxt0BIND
ReturnHeader/Filer/EIN0833464773
ReturnHeader/Filer/InCareOfNm0% Jason Rugani
ReturnHeader/Filer/PhoneNum08125680330
ReturnHeader/Filer/USAddress/AddressLine1Txt0703 S Willow Rd
ReturnHeader/Filer/USAddress/CityNm0Evansville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047714
ReturnHeader/ReturnTs02022-03-18T11:58:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JASON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUGANI
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$455,518
Liabilities
$6,855
Net assets
$448,663
Revenue
$770,420
Expenses
$652,837
Net income
$117,583
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.79$0.00$7.79$8.90$8.30$0.60
2024Detailed filing. Detailed filing data is available for this year.$7.19$0.00$7.19$7.80$6.84$0.96
2023Detailed filing. Detailed filing data is available for this year.$6.29$0.06$6.22$9.27$6.53$2.74
2022Detailed filing. Detailed filing data is available for this year.$3.99$0.41$3.59$6.68$7.68$0.99
2021Detailed filing. Detailed filing data is available for this year.$4.56$0.07$4.49$7.70$6.53$1.18
2020Detailed filing. Detailed filing data is available for this year.$3.31$0.01$3.31$6.02$4.99$1.03
2019Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.28$3.45$1.17$2.28