Civic Intelligence

Project Threadways

990EZ • Fiscal year 2021 • EIN 83-4366226

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 22, 2022

Organization ProfilePROJECTTHREADWAYS.ORG
462 Lane DriveFlorence, AL 35630

(256) 760-1090

Siviq Scores

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

Liabilities / Assets

66th percentile

0.02x

Higher debt load relative to assets than 66% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.03x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

51st percentile

9.4%

Higher net margin than 51% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

50th percentile

5.7%

Faster asset growth than 50% of similar nonprofits.

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

Revenue Growth

67th percentile

28%

Faster revenue growth than 67% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$15,631

Up $843 (+5.7%) from 2020

Net Assets

Up

$15,303

Up $994 (+6.9%) from 2020

Liabilities

Down

$328

Down $151 (-32%) from 2020

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin51st percentile

Revenue

Up

$10,624

Up $2,344 (+28%) from 2020

Expenses

Up

$9,630

Up $5,803 (+152%) from 2020

Net Income

Down

$994

Down $3,459 (-78%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$800K$600K$400K$200K$0Assets 2019: $9,913Liabilities 2019: $57Net Assets 2019: $9,8562019Assets 2020: $14,788Liabilities 2020: $479Net Assets 2020: $14,3092020Assets 2021: $15,631Liabilities 2021: $328Net Assets 2021: $15,3032021Assets 2022: $17,431Liabilities 2022: $1,250Net Assets 2022: $16,1812022Assets 2023: $67,443Liabilities 2023: $10,453Net Assets 2023: $56,9902023Assets 2024: $799,646Liabilities 2024: $79,542Net Assets 2024: $720,1042024

Highlighted filing

2021

Assets$15,631
Liabilities$328
Net Assets$15,303
Open 2021 Filing

Operations Trend

Revenue Growth67th percentile

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

$3.0M$2.0M$1.0M$0Revenue 2019: $10,600Expenses 2019: $744Net Income 2019: $9,8562019Revenue 2020: $8,280Expenses 2020: $3,827Net Income 2020: $4,4532020Revenue 2021: $10,624Expenses 2021: $9,630Net Income 2021: $9942021Revenue 2022: $49,662Expenses 2022: $48,784Net Income 2022: $8782022Revenue 2023: $240,385Expenses 2023: $199,760Net Income 2023: $40,6252023Revenue 2024: $2,013,689Expenses 2024: $1,350,575Net Income 2024: $663,1142024

Highlighted filing

2021

Revenue$10,624
Expenses$9,630
Net Income$994
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 22, 2022
Return Version
2021v4.0
Gross Receipts
$10,624
Mission and Program Overview

Mission

The corporation is organized exclusively for the purpose of engaging in scientific, educational and research activity.

Program Services

DescriptionGrantsExpenses
TO RECORD, MAKE STUDIES, AND EXPLORE THE HISTORY OF THE TEXTILE INDUSTRY IN THE SHOALS, ALABAMA COMMUNITY, THE AMERICAN SOUTH, AND BEYOND.-$9,630
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
NATALIE CHANINChairman-$0--
ERIN DAILEYSecretary-$0--
JEFF BREWTONTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Project Threadways Inc
EIN
83-4366226
Phone
2567601090
Address
462 LANE DRIVE, FLORENCE, AL 35630

Signing Officer

Name
Natalie Chanin
Title
Chairman
Phone
2567601090
Signed
2022-02-22

Preparer

Firm
Patterson Prince and Associates Pc
Address
475 S SEMINARY STREET, FLORENCE, AL 35630
Preparer
Joshua H Russell CPA
Phone
2567668915
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses printing and copying 1,215 supplies 1,083 website 388 c/c fees 205 equipment rental/maintenance 500 travel 45 outside contract services 651 speaking fees 2,000 total 6,087”

Form 990-ez, Part II, Line 24

“Accounts receivable 48 4,409 total 48 4,409”

Form 990-ez, Part II, Line 26

“Payroll liabilities 21 34 sales tax payable 458 294”

Form 990-ez, Part III

“The corporation is organized exclusively for the purpose of engaging in scientific, educational and research activity.”

Raw XML Appendix131 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0JEFF BREWTON
IRS990EZ/BooksInCareOfDetail/PhoneNum02567601090
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01042 NORTH PINE STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FLORENCE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd035630
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt014740
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011222
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt010624
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0994
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0900
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/GrossReceiptsAmt010624
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt014309
IRS990EZ/NetAssetsOrFundBalancesEOYAmt015303
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt015303
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0NATALIE CHANIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ERIN DAILEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JEFF BREWTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt048
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04409
IRS990EZ/OtherExpensesTotalAmt06087
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ENGAGING IN SCIENTIFIC, EDUCATIONAL AND RESEARCH ACTIVITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO RECORD, MAKE STUDIES, AND EXPLORE THE HISTORY OF THE TEXTILE INDUSTRY IN THE SHOALS, ALABAMA COMMUNITY, THE AMERICAN SOUTH, AND BEYOND.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt09630
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt02643
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0479
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0328
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt09630
IRS990EZ/TotalProgramServiceExpensesAmt09630
IRS990EZ/TotalRevenueAmt010624
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0PROJECTTHREADWAYS.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010624
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt025179
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04325
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt029504
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt08280
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt010600
IRS990ScheduleA/Total509Grp/TotalAmt029504
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010624
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08280
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt010600
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt029504
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES PRINTING AND COPYING 1,215 SUPPLIES 1,083 WEBSITE 388 C/C FEES 205 EQUIPMENT RENTAL/MAINTENANCE 500 TRAVEL 45 OUTSIDE CONTRACT SERVICES 651 SPEAKING FEES 2,000 TOTAL 6,087
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 48 4,409 TOTAL 48 4,409
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAYROLL LIABILITIES 21 34 SALES TAX PAYABLE 458 294
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF ENGAGING IN SCIENTIFIC, EDUCATIONAL AND RESEARCH ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0NATALIE CHANIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02567601090
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT THREADWAYS INC
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0834366226
ReturnHeader/Filer/PhoneNum02567601090
ReturnHeader/Filer/USAddress/AddressLine1Txt0462 LANE DRIVE
ReturnHeader/Filer/USAddress/CityNm0FLORENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035630
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631134175
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTERSON PRINCE AND ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0475 S SEMINARY STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035630
ReturnHeader/PreparerPersonGrp/PhoneNum02567668915
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSHUA H RUSSELL CPA
ReturnHeader/ReturnTs02022-03-11T12:39:41-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NATALIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHANIN
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 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,631
Liabilities
$328
Net assets
$15,303
Revenue
$10,624
Expenses
$9,630
Net income
$994
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.08$0.72$2.01$1.35$0.66
2023Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.06$0.24$0.20$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.05$0.05$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.01$0.01$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.01$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.01$0.00$0.01