Civic Intelligence

Thread Inc.

990 • Fiscal year 2021 • EIN 84-1700955

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

Organization ProfileWWW.THREAD.ORG

View Organization Page

2401 Liberty Heights Avenue No 27Baltimore, MD 21215

(410) 660-8343

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.04x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.11x

Higher debt load relative to revenue than 42% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

6th percentile

-36%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

4th percentile

-16%

Faster asset growth than 4% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

11%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$9,564,147

Down $1,838,076 (-16%) from 2020

Net Assets

Down

$9,180,749

Down $1,279,601 (-12%) from 2020

Liabilities

Down

$383,398

Down $558,475 (-59%) from 2020

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin6th percentile

Revenue

Up

$3,507,021

Up $355,550 (+11%) from 2020

Expenses

Down

$4,786,622

Down $401,589 (-7.7%) from 2020

Net Income

Up

-$1,279,601

Up $757,139 (+37%) from 2020

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

2021

Assets$9,564,147
Liabilities$383,398
Net Assets$9,180,749
Open 2021 Filing

Operations Trend

Revenue Growth50th 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

2021

Revenue$3,507,021
Expenses$4,786,622
Net Income-$1,279,601
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$3,509,951
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
Investments Other Securities$3,000,000$3,600,000▲ $600,000
Savings and Temporary Cash Investments$2,417,417$2,699,659▲ $282,242
Cash and Non-Interest-Bearing Accounts$1,490,194$2,412,547▲ $922,353
Pledges and Grants Receivable$4,205,597$547,588▼ $3,658,009
Prepaid Expenses and Deferred Charges$255,698$282,388▲ $26,690
Land, Buildings, and Equipment, Net$33,317$21,965▼ $11,352
Total Assets$11,402,223$9,564,147▼ $1,838,076
Liabilities
Accounts Payable and Accrued Expenses$313,948$380,182▲ $66,234
Other Liabilities$627,925$3,216▼ $624,709
Total Liabilities$941,873$383,398▼ $558,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,373,120$8,633,161▲ $2,260,041
Net Assets With Donor Restrictions$4,087,230$547,588▼ $3,539,642
Total Net Assets Fund Balance$10,460,350$9,180,749▼ $1,279,601
Total Liabilities and Net Assets / Fund Balance$11,402,223$9,564,147▼ $1,838,076

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$96,087$96,087
Equipment$21,965$53,908$75,873
Closely Held Equity Interests$3,600,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah HemmingerCEOFT$161,066$4,120$165,186
Allison BuchalterVP of InvolvementFT$135,000$11,824$146,824
Nicholas GreerVP of InterconnectionFT$136,680$3,521$140,201
William R Leizear JrDirector of FinanceFT$100,500$11,619$112,119
Nikhil GuptaActing Managing Director, InvestmentFT$101,212$6,687$107,899

Board Members and Trustees

NameTitle
Dia SimmsCo-chair
Jeff CohenCo-chair
Angel PerezBoard Member
Cheryl BoyerBoard Member
Delora SanchezBoard 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
$3,504,775
Program Service Revenue
$0
Investment Income
$-1,621
Other Revenue
$3,867
All Other Contributions
$2,648,918
Change in Net Assets
$-1,279,601

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 Traded4$59,896Market Quote
Total Noncash Contributions4$59,896-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,510,016
Revenue Not Reported on Financial Statements
$-2,995
Revenue Not Reported on Form 990
$271,346
Other Revenue Adjustments
$-2,995
Total Revenue per Audited Statements
$3,781,362
Total Revenue per Form 990
$3,507,021
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,962,457
Other Expenses$824,165
Total Fundraising Expense$266,045
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,635,445$457,380$162,735$3,255,560
Fees for Services Other$345,389$34,481$31,007$410,877
Payroll Taxes$225,524$40,272$14,409$280,205
Other Employee Benefits$192,845$31,305$10,857$235,007
Current Officers, Directors, Trustees, and Key Employees$120,461$16,062$24,092$160,615
Office Expenses$57,176$4,163$12,443$73,782
All Other Expenses$36,377$2,719$1,488$40,584
Insurance$32,058$4,249$2,318$38,625
Pension Plan Contributions$26,549$4,139$382$31,070
Fees for Services Accounting-$24,675-$24,675
Travel$19,306$761$415$20,482
Occupancy$15,106$2,002$1,092$18,200
Depreciation Depletion$10,560$1,399$763$12,722
Advertising$8,871$1,176$641$10,688
Other Expenses$8,270$1,418$743$10,431
Information Technology$973$129$70$1,172
Total Functional Expenses$3,858,016$662,561$266,045$4,786,622

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,060,963
Expenses per Audited Statements$4,786,622
Total Expenses per Form 990$4,786,622
Expenses Not Reported on Form 990$274,341
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$160,616
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Payable$3,216
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 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 NO 27, BALTIMORE, MD 21215

Signing Officer

Name
Dr Sarah Hemminger
Title
Chief Executive Officer
Phone
4106608343
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Sarah Hemminger
Formed
2006
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
12
Employees
112
Volunteers
1,169

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 XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on sale of fixed assets -2,995.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of fixed assets 2,995.”

Raw XML AppendixShowing 400 of 624 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/BOYAmt0313948
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0380182
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SUPPORTS YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS.
IRS990/AdvertisingGrp/FundraisingAmt0641
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01176
IRS990/AdvertisingGrp/ProgramServicesAmt08871
IRS990/AdvertisingGrp/TotalAmt010688
IRS990/AllOtherContributionsAmt02648918
IRS990/AllOtherExpensesGrp/FundraisingAmt01488
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02719
IRS990/AllOtherExpensesGrp/ProgramServicesAmt036377
IRS990/AllOtherExpensesGrp/TotalAmt040584
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0SARAH HEMMINGER
IRS990/BooksInCareOfDetail/PhoneNum04106608343
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02401 LIBERTY HEIGHTS AVE STE 2730
IRS990/BooksInCareOfDetail/USAddress/CityNm0BALTIMORE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021215
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOrgMemInd01
IRS990/CashNonInterestBearingGrp/BOYAmt01490194
IRS990/CashNonInterestBearingGrp/EOYAmt02412547
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt024092
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt016062
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0120461
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0160615
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03504775
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-1621
IRS990/CYOtherExpensesAmt0824165
IRS990/CYOtherRevenueAmt03867
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-1279601
IRS990/CYSalariesCompEmpBnftPaidAmt03962457
IRS990/CYTotalExpensesAmt04786622
IRS990/CYTotalFundraisingExpenseAmt0266045
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03507021
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0763
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01399
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010560
IRS990/DepreciationDepletionGrp/TotalAmt012722
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/BOYAmt04087230
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0547588
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0112
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03858016
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt024675
IRS990/FeesForServicesAccountingGrp/TotalAmt024675
IRS990/FeesForServicesOtherGrp/FundraisingAmt031007
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt034481
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0345389
IRS990/FeesForServicesOtherGrp/TotalAmt0410877
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/AverageHoursPerWeekRt1380.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1460.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1560.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1760.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
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/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt134120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt146687
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1511824
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1611619
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt173521
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 SANCHEZ
IRS990/Form990PartVIISectionAGrp/PersonNm11DHAUJEE KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm12ANGEL PEREZ
IRS990/Form990PartVIISectionAGrp/PersonNm13SARAH HEMMINGER
IRS990/Form990PartVIISectionAGrp/PersonNm14NIKHIL GUPTA
IRS990/Form990PartVIISectionAGrp/PersonNm15ALLISON BUCHALTER
IRS990/Form990PartVIISectionAGrp/PersonNm16WILLIAM R LEIZEAR JR
IRS990/Form990PartVIISectionAGrp/PersonNm17NICHOLAS GREER
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/ReportableCompFromOrgAmt13161066
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14101212
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15135000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16100500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17136680
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/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
IRS990/Form990PartVIISectionAGrp/TitleTxt14ACTING MANAGING DIRECTOR, INVESTMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF INVOLVEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP OF INTERCONNECTION
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-2930
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0855857
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03509951
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt070
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0129
IRS990/InformationTechnologyGrp/ProgramServicesAmt0973
IRS990/InformationTechnologyGrp/TotalAmt01172
IRS990/InsuranceGrp/FundraisingAmt02318
IRS990/InsuranceGrp/ManagementAndGeneralAmt04249
IRS990/InsuranceGrp/ProgramServicesAmt032058
IRS990/InsuranceGrp/TotalAmt038625
IRS990/InvestmentIncomeGrp/ExclusionAmt01309
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01309
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03000000
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt03600000
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0149995
IRS990/LandBldgEquipBasisNetGrp/BOYAmt033317
IRS990/LandBldgEquipBasisNetGrp/EOYAmt021965
IRS990/LandBldgEquipCostOrOtherBssAmt0171960
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02930
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/NetAssetsOrFundBalancesBOYAmt010460350
IRS990/NetAssetsOrFundBalancesEOYAmt09180749
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-2930
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2930
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06373120
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08633161
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01092
IRS990/OccupancyGrp/ManagementAndGeneralAmt02002
IRS990/OccupancyGrp/ProgramServicesAmt015106
IRS990/OccupancyGrp/TotalAmt018200
IRS990/OfficeExpensesGrp/FundraisingAmt012443
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04163
IRS990/OfficeExpensesGrp/ProgramServicesAmt057176
IRS990/OfficeExpensesGrp/TotalAmt073782
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010857
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt031305
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0192845
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0235007
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1CONTRACTED LABOR
IRS990/OtherExpensesGrp/Desc2PRINTING & POSTAGE
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/FundraisingAmt01368
IRS990/OtherExpensesGrp/FundraisingAmt1330
IRS990/OtherExpensesGrp/FundraisingAmt2892
IRS990/OtherExpensesGrp/FundraisingAmt3743
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01227
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt133302
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21702
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31418
IRS990/OtherExpensesGrp/ProgramServicesAmt094587
IRS990/OtherExpensesGrp/ProgramServicesAmt118579
IRS990/OtherExpensesGrp/ProgramServicesAmt29940
IRS990/OtherExpensesGrp/ProgramServicesAmt38270
IRS990/OtherExpensesGrp/TotalAmt097182
IRS990/OtherExpensesGrp/TotalAmt152211
IRS990/OtherExpensesGrp/TotalAmt212534
IRS990/OtherExpensesGrp/TotalAmt310431
IRS990/OtherLiabilitiesGrp/BOYAmt0627925
IRS990/OtherLiabilitiesGrp/EOYAmt03216
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03867
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03867
IRS990/OtherRevenueTotalAmt03867
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0162735
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0457380
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02635445
IRS990/OtherSalariesAndWagesGrp/TotalAmt03255560
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014409
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040272
IRS990/PayrollTaxesGrp/ProgramServicesAmt0225524
IRS990/PayrollTaxesGrp/TotalAmt0280205
IRS990/PensionPlanContributionsGrp/FundraisingAmt0382
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04139
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026549
IRS990/PensionPlanContributionsGrp/TotalAmt031070
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04205597
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0547588
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0255698
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0282388
IRS990/PrincipalOfficerNm0DR SARAH HEMMINGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03079148
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015842
IRS990/PYOtherExpensesAmt01132183
IRS990/PYOtherRevenueAmt054418
IRS990/PYProgramServiceRevenueAmt02063
IRS990/PYRevenuesLessExpensesAmt0-2036740
IRS990/PYSalariesCompEmpBnftPaidAmt04056028
IRS990/PYTotalExpensesAmt05188211
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03151471
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1279601
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03867
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02417417
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02699659
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LINE 1 EXCLUDES FORGIVEN PAYCHECK PROTECTION PROGRAM FUNDS OF $616,990 AS REPORTED ON 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
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02887785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03079148
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt08099259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010316701
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02502907
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt026885800
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01309
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01202
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0927
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0479
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05915
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02063
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03867
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt054418
IRS990ScheduleA/OtherIncome170Grp/TotalAmt058285
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.54680
IRS990ScheduleA/PublicSupportPY170Pct00.51380
IRS990ScheduleA/PublicSupportTotal170Amt014736564
IRS990ScheduleA/SubstantialContributorsTotAmt012149236
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X

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
$9,564,147
Liabilities
$383,398
Net assets
$9,180,749
Revenue
$3,507,021
Expenses
$4,786,622
Net income
-$1,279,601
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
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$0.42$6.87$4.59$5.10$0.51
2021Detailed filing. Detailed filing data is available for this year.$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