Civic Intelligence

Thread Inc.

990 • Fiscal year 2022 • EIN 84-1700955

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization ProfileWWW.THREAD.ORG

View Organization Page

2401 Liberty Heights Avenue 2730Baltimore, MD 21215

(410) 660-8343

Siviq Scores

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

Liabilities / Assets

37th percentile

0.06x

Higher debt load relative to assets than 37% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

38th percentile

0.09x

Higher debt load relative to revenue than 38% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

18th percentile

-11%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

4th percentile

-24%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

31%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets37th percentile

Assets

Down

$7,290,497

Down $2,273,650 (-24%) from 2021

Net Assets

Down

$6,868,281

Down $2,312,468 (-25%) from 2021

Liabilities

Up

$422,216

Up $38,818 (+10%) from 2021

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin18th percentile

Revenue

Up

$4,591,129

Up $1,084,108 (+31%) from 2021

Expenses

Up

$5,103,597

Up $316,975 (+6.6%) from 2021

Net Income

Up

-$512,468

Up $767,133 (+60%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$15M$10M$5.0M$0Assets 2011: $212,816Liabilities 2011: $0Net Assets 2011: $212,8162011Assets 2012: $780,454Liabilities 2012: $23,056Net Assets 2012: $757,3982012Assets 2013: $763,137Liabilities 2013: $14,958Net Assets 2013: $748,1792013Assets 2014: $838,567Liabilities 2014: $48,037Net Assets 2014: $790,5302014Assets 2015: $1,924,200Liabilities 2015: $20,425Net Assets 2015: $1,903,7752015Assets 2016: $2,499,190Liabilities 2016: $115,554Net Assets 2016: $2,383,6362016Assets 2017: $2,855,881Liabilities 2017: $123,629Net Assets 2017: $2,732,2522017Assets 2018: $9,575,127Liabilities 2018: $262,710Net Assets 2018: $9,312,4172018Assets 2019: $12,776,526Liabilities 2019: $279,436Net Assets 2019: $12,497,0902019Assets 2020: $11,402,223Liabilities 2020: $941,873Net Assets 2020: $10,460,3502020Assets 2021: $9,564,147Liabilities 2021: $383,398Net Assets 2021: $9,180,7492021Assets 2022: $7,290,497Liabilities 2022: $422,216Net Assets 2022: $6,868,2812022Assets 2023: $9,967,708Liabilities 2023: $493,003Net Assets 2023: $9,474,7052023

Highlighted filing

2022

Assets$7,290,497
Liabilities$422,216
Net Assets$6,868,281
Open 2022 Filing

Operations Trend

Revenue Growth78th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $195,706Expenses 2011: $146,957Net Income 2011: $48,7492011Revenue 2012: $778,805Expenses 2012: $392,830Net Income 2012: $385,9752012Expenses 2013: $546,9712013Revenue 2014: $704,156Expenses 2014: $661,805Net Income 2014: $42,3512014Revenue 2015: $2,167,445Expenses 2015: $1,054,200Net Income 2015: $1,113,2452015Revenue 2016: $2,042,133Expenses 2016: $1,562,272Net Income 2016: $479,8612016Revenue 2017: $2,510,954Expenses 2017: $2,162,338Net Income 2017: $348,6162017Revenue 2018: $10,316,746Expenses 2018: $3,736,581Net Income 2018: $6,580,1652018Revenue 2019: $8,100,625Expenses 2019: $4,915,952Net Income 2019: $3,184,6732019Revenue 2020: $3,151,471Expenses 2020: $5,188,211Net Income 2020: -$2,036,7402020Revenue 2021: $3,507,021Expenses 2021: $4,786,622Net Income 2021: -$1,279,6012021Revenue 2022: $4,591,129Expenses 2022: $5,103,597Net Income 2022: -$512,4682022Revenue 2023: $10,037,741Expenses 2023: $7,431,317Net Income 2023: $2,606,4242023

Highlighted filing

2022

Revenue$4,591,129
Expenses$5,103,597
Net Income-$512,468
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$4,591,129
Mission and Program Overview

Mission

Thread engages underperforming high school students confronting significant barriers outside of the classroom by providing each one with a family of committed volunteers and increased access to community resources. We foster students' academic advancement and personal growth into self-motivated, resilient and responsible citizens.

Supports young people facing the most significant opportunity and achievement gaps.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,699,659$4,265,978▲ $1,566,319
Investments Other Securities$3,600,000$1,800,000▼ $1,800,000
Pledges and Grants Receivable$547,588$677,701▲ $130,113
Cash and Non-Interest-Bearing Accounts$2,412,547$366,908▼ $2,045,639
Prepaid Expenses and Deferred Charges$282,388$156,347▼ $126,041
Land, Buildings, and Equipment, Net$21,965$23,563▲ $1,598
Total Assets$9,564,147$7,290,497▼ $2,273,650
Liabilities
Accounts Payable and Accrued Expenses$380,182$422,216▲ $42,034
Other Liabilities$3,216$0▼ $3,216
Total Liabilities$383,398$422,216▲ $38,818
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,633,161$5,913,613▼ $2,719,548
Net Assets With Donor Restrictions$547,588$954,668▲ $407,080
Total Net Assets Fund Balance$9,180,749$6,868,281▼ $2,312,468
Total Liabilities and Net Assets / Fund Balance$9,564,147$7,290,497▼ $2,273,650

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$96,087$96,087
Equipment$23,563$66,998$90,561
Closely Held Equity Interests$1,800,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah HemmingerCEO & Co-founderFT$162,290$992$163,282
Allison BuchalterVP of InvolvementFT$122,245$30,336$152,581
Nicholas GreerVP of InterconnectionFT$146,382$852$147,234
Nikhil GuptaActing Managing Dir, InvestmentFT$137,081$6,431$143,512
Robin LintonVP of InteractionFT$119,018$12,796$131,814
Wallace BoldenVP of InfrastructureFT$111,481$20,290$131,771

Board Members and Trustees

NameTitle
Dia SimmsCo-chair
Jeff CohenCo-chair
Angel PerezBoard Member
Cheryl BoyerBoard Member
Delora IfekaucheBoard Member
Dhaujee KellyBoard Member
Jan HouboltBoard Member
Krishna PotarazuBoard Member
Michelle LeffBoard Member
Patricia LattinBoard Member
Ryan HemmingerBoard Member
Heather BenzSecretary
Aaron CopelandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,587,420
Program Service Revenue
$0
Investment Income
$3,709
Other Revenue
$0
All Other Contributions
$4,573,255
Change in Net Assets
$-512,468

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$99,995Market Quote
Total Noncash Contributions1$99,995-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,591,129
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$169,044
Total Revenue per Audited Statements
$4,760,173
Total Revenue per Form 990
$4,591,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,733,934
Other Expenses$1,369,663
Total Fundraising Expense$277,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,601,502$278,008$166,126$3,045,636
Fees for Services Other$439,651$22,892$31,236$493,779
Payroll Taxes$220,626$23,577$14,089$258,292
Other Employee Benefits$185,325$19,805$11,834$216,964
Current Officers, Directors, Trustees, and Key Employees$181,975$19,447$11,620$213,042
Travel$73,056$1,594$10,275$84,925
All Other Expenses$53,816$3,747$1,989$59,552
Occupancy$48,489$6,426$3,505$58,420
Insurance$36,883$6,876$3,675$47,434
Other Expenses$29,546$3,786$2,065$35,397
Fees for Services Accounting-$31,088-$31,088
Depreciation Depletion$10,865$1,440$785$13,090
Information Technology$3,385$1,737$70$5,192
Advertising$896-$475$1,371
Total Functional Expenses$4,302,754$523,407$277,436$5,103,597

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,072,641
Expenses per Audited Statements$5,103,597
Total Expenses per Form 990$5,103,597
Expenses Not Reported on Form 990$1,969,044
Expenses Not Reported on Financial Statements$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sarah HemmingerChief Executive OfficerRyan Hemminger Is a Member of the Board of Directors. the Organization Employs Sarah Hemminger as Chief Executive Officer. Mr. and Dr. Hemminger Are Married.No$213,042
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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

Form 990, Part VI, Section A, Line 2

“Sarah hemminger, who is the ceo, has a family relationship with ryan hemminger, who is a member of the board of directors and co-founder of the organization.”

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

“The organization's form 990 is reviewed by the ceo and finance committee before it is filed. A full copy of the form 990 is also emailed to the entire board of directors for their review and approval prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The organization's bylaws require a yearly conflict of interest statement to be signed by the officers and board of directors. This conflict of interest statement is signed at the first board meeting of the year in the first fiscal quarter of the year.”

Form 990, Part VI, Section B, Line 15

“Compensation of the ceo is reviewed and approved by board of directors. Top management is reviewed and determined by the ceo and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available for inspection at the organization upon request. They are also available from the office of the secretary of the state filed with our annual maryland charitable registration. Our conflict of interest policy is available for inspection at the organization upon request.”

Filing and Contact Details

Filer

Filer Name
Thread Inc
EIN
84-1700955
Phone
4106608343
Address
2401 LIBERTY HEIGHTS AVENUE 2730, BALTIMORE, MD 21215

Signing Officer

Name
Dr Sarah Hemminger
Title
Chief Executive Officer
Phone
4106608343
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Sarah Hemminger
Formed
2006
Legal Domicile
Md
Voting Board Members
13
Independent Board Members
12
Employees
99
Volunteers
880

Preparer

Firm
Katz Abosch
Address
9690 DEERECO RD STE 500, TIMONIUM, MD 21093
Preparer
Clem Mueller CPA
Phone
4108286432
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has a finance committee which assumes responsibility for the audit. The organization has not changed its oversight process during the year or selection process for an independent accountant during the year.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Impairment loss 1,800,000.”

Raw XML AppendixShowing 400 of 619 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0380182
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0422216
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORTS YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS.
IRS990/AdvertisingGrp/FundraisingAmt0475
IRS990/AdvertisingGrp/ProgramServicesAmt0896
IRS990/AdvertisingGrp/TotalAmt01371
IRS990/AllOtherContributionsAmt04573255
IRS990/AllOtherExpensesGrp/FundraisingAmt01989
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03747
IRS990/AllOtherExpensesGrp/ProgramServicesAmt053816
IRS990/AllOtherExpensesGrp/TotalAmt059552
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0SARAH HEMMINGER
IRS990/BooksInCareOfDetail/PhoneNum04106608343
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02401 LIBERTY HEIGHTS AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BALTIMORE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021215
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt02412547
IRS990/CashNonInterestBearingGrp/EOYAmt0366908
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt011620
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt019447
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0181975
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0213042
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04587420
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03709
IRS990/CYOtherExpensesAmt01369663
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-512468
IRS990/CYSalariesCompEmpBnftPaidAmt03733934
IRS990/CYTotalExpensesAmt05103597
IRS990/CYTotalFundraisingExpenseAmt0277436
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04591129
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0785
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01440
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010865
IRS990/DepreciationDepletionGrp/TotalAmt013090
IRS990/Desc0THREAD INTERVENES IN THE 9TH GRADE AND DISRUPTS THE PATTERN OF ISOLATION THAT LEADS TO ACADEMIC UNDERPERFORMANCE, ENROLLING STUDENTS WHO RANK IN THE BOTTOM 25% OF THEIR CLASS AND WHO FACE AN ABUNDANCE OF CHALLENGES OUTSIDE OF THE CLASSROOM. STUDENTS REMAIN IN THREAD FOR 10 YEARS, SURROUNDED BY A GROUP OF UP TO FOUR VOLUNTEERS - A THREAD FAMILY - THAT PROVIDES THE STUDENT WITH CONTINUOUS SUPPORT AND INCREASED ACCESS TO COMMUNITY RESOURCES WHILE DEEPLY ENRICHING THE LIVES OF COMMITTED VOLUNTEERS. ONCE ENROLLED, THREAD COMMITS TO NEVER GIVING UP ON A SINGLE STUDENT, AND OUR STUDENTS CONSISTENTLY DEFY THE ODDS. THREAD STUDENTS COMPLETE HIGH SCHOOL AT A RATE TEN TIMES THAT OF SIMILAR PEERS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0547588
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0954668
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt099
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04302754
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt031088
IRS990/FeesForServicesAccountingGrp/TotalAmt031088
IRS990/FeesForServicesOtherGrp/FundraisingAmt031236
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt022892
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0439651
IRS990/FeesForServicesOtherGrp/TotalAmt0493779
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt08.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt18.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1360.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1445.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1550.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1650.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1745.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1845.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13992
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt146431
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1530336
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt16852
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1720290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1812796
IRS990/Form990PartVIISectionAGrp/PersonNm0DIA SIMMS
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFF COHEN
IRS990/Form990PartVIISectionAGrp/PersonNm2HEATHER BENZ
IRS990/Form990PartVIISectionAGrp/PersonNm3AARON COPELAND
IRS990/Form990PartVIISectionAGrp/PersonNm4CHERYL BOYER
IRS990/Form990PartVIISectionAGrp/PersonNm5RYAN HEMMINGER
IRS990/Form990PartVIISectionAGrp/PersonNm6JAN HOUBOLT
IRS990/Form990PartVIISectionAGrp/PersonNm7PATRICIA LATTIN
IRS990/Form990PartVIISectionAGrp/PersonNm8MICHELLE LEFF
IRS990/Form990PartVIISectionAGrp/PersonNm9KRISHNA POTARAZU
IRS990/Form990PartVIISectionAGrp/PersonNm10DELORA IFEKAUCHE
IRS990/Form990PartVIISectionAGrp/PersonNm11DHAUJEE KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm12ANGEL PEREZ
IRS990/Form990PartVIISectionAGrp/PersonNm13SARAH HEMMINGER
IRS990/Form990PartVIISectionAGrp/PersonNm14NIKHIL GUPTA
IRS990/Form990PartVIISectionAGrp/PersonNm15ALLISON BUCHALTER
IRS990/Form990PartVIISectionAGrp/PersonNm16NICHOLAS GREER
IRS990/Form990PartVIISectionAGrp/PersonNm17WALLACE BOLDEN
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBIN LINTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13162290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14137081
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15122245
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16146382
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17111481
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18119018
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEO & CO-FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt14ACTING MANAGING DIR, INVESTMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF INVOLVEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF INTERCONNECTION
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP OF INFRASTRUCTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP OF INTERACTION
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt02052
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt014165
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02052
IRS990/GrossReceiptsAmt04591129
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt070
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01737
IRS990/InformationTechnologyGrp/ProgramServicesAmt03385
IRS990/InformationTechnologyGrp/TotalAmt05192
IRS990/InsuranceGrp/FundraisingAmt03675
IRS990/InsuranceGrp/ManagementAndGeneralAmt06876
IRS990/InsuranceGrp/ProgramServicesAmt036883
IRS990/InsuranceGrp/TotalAmt047434
IRS990/InvestmentIncomeGrp/ExclusionAmt01657
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01657
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03600000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01800000
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0163085
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021965
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023563
IRS990/LandBldgEquipCostOrOtherBssAmt0186648
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THREAD HARNESSES THE POWER OF RELATIONSHIPS TO CREATE A NEW SOCIAL FABRIC OF DIVERSE INDIVIDUALS DEEPLY ENGAGED WITH YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS. OUR COMMUNITY IS COMMITTED TO ENDING SOCIAL ISOLATION AND BUILDING A MORE EQUITABLE CULTURE IN WHICH EVERYONE THRIVES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt09180749
IRS990/NetAssetsOrFundBalancesEOYAmt06868281
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02052
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02052
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1800000
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08633161
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05913613
IRS990/NoncashContributionsAmt099995
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03505
IRS990/OccupancyGrp/ManagementAndGeneralAmt06426
IRS990/OccupancyGrp/ProgramServicesAmt048489
IRS990/OccupancyGrp/TotalAmt058420
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011834
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019805
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0185325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0216964
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2CONTRACTED LABOR
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/FundraisingAmt06048
IRS990/OtherExpensesGrp/FundraisingAmt112813
IRS990/OtherExpensesGrp/FundraisingAmt2831
IRS990/OtherExpensesGrp/FundraisingAmt32065
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05868
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113270
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt283846
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33786
IRS990/OtherExpensesGrp/ProgramServicesAmt0216824
IRS990/OtherExpensesGrp/ProgramServicesAmt1153138
IRS990/OtherExpensesGrp/ProgramServicesAmt246777
IRS990/OtherExpensesGrp/ProgramServicesAmt329546
IRS990/OtherExpensesGrp/TotalAmt0228740
IRS990/OtherExpensesGrp/TotalAmt1179221
IRS990/OtherExpensesGrp/TotalAmt2131454
IRS990/OtherExpensesGrp/TotalAmt335397
IRS990/OtherLiabilitiesGrp/BOYAmt03216
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0166126
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0278008
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02601502
IRS990/OtherSalariesAndWagesGrp/TotalAmt03045636
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014089
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023577
IRS990/PayrollTaxesGrp/ProgramServicesAmt0220626
IRS990/PayrollTaxesGrp/TotalAmt0258292
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0547588
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0677701
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0282388
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0156347
IRS990/PrincipalOfficerNm0DR SARAH HEMMINGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03504775
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1621
IRS990/PYOtherExpensesAmt0824165
IRS990/PYOtherRevenueAmt03867
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1279601
IRS990/PYSalariesCompEmpBnftPaidAmt03962457
IRS990/PYTotalExpensesAmt04786622
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03507021
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-512468
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02699659
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04265978
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LINE 1 EXCLUDES FORGIVEN PAYCHECK PROTECTION PROGRAM FUNDS OF $616,990 AS REPORTED ON THE 2020 FORM 990, PART VIII LINE 1E, AS THE NATURE OF THIS INCOME IS UNUSUAL AND NOT LIKELY TO REPEAT IN THE FUTURE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 1, COLUMN (D)
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04587420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02887785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03079148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08099259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010316701
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt028970313
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01657
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01309
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01202
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0927
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07093
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03867
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt054418
IRS990ScheduleA/OtherIncome170Grp/TotalAmt058285
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53790
IRS990ScheduleA/PublicSupportPY170Pct00.54680
IRS990ScheduleA/PublicSupportTotal170Amt015619271
IRS990ScheduleA/SubstantialContributorsTotAmt013351042
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04587420
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02887785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03079148
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08099259
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010316701
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt028970313
IRS990ScheduleA/TotalSupportAmt029035691
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,290,497
Liabilities
$422,216
Net assets
$6,868,281
Revenue
$4,591,129
Expenses
$5,103,597
Net income
-$512,468
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9.97$0.49$9.47$10.0$7.43$2.61
2022Detailed filing. Detailed filing data is available for this year.$7.29$0.42$6.87$4.59$5.10$0.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.56$0.38$9.18$3.51$4.79$1.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$0.94$10.5$3.15$5.19$2.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$0.28$12.5$8.10$4.92$3.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.58$0.26$9.31$10.3$3.74$6.58
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$0.12$2.73$2.51$2.16$0.35
2016Detailed filing. Detailed filing data is available for this year.$2.50$0.12$2.38$2.04$1.56$0.48
2015Detailed filing. Detailed filing data is available for this year.$1.92$0.02$1.90$2.17$1.05$1.11
2014Summary only. Only limited summary data is available for this year.$0.84$0.05$0.79$0.70$0.66$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.01$0.75$0.55
2012Summary only. Only limited summary data is available for this year.$0.78$0.02$0.76$0.78$0.39$0.39
2011Summary only. Only limited summary data is available for this year.$0.21$0.00$0.21$0.20$0.15$0.05