Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.23x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
13th percentile
Higher net margin than 13% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$425,071
Up $292 (+0.1%) from 2023
Net Assets
Up$328,634
Up $291 (+0.1%) from 2023
Liabilities
Up$96,437
Up $1 (+0.0%) from 2023
Revenue And Expenses
Revenue
Flat$102,079
Flat from 2023
Expenses
Up$139,782
Up $1 (+0.0%) from 2023
Net Income
Down-$37,703
Down $1 (-0.0%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2023 to Dec 31, 2023
- Signed
- Sep 22, 2024
- Return Version
- 2023v6.0
- Gross Receipts
- $134,801
Mission and Program Overview
Mission
To help grow living wage jobs, provide training, education and workforce development opportunities.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE BOLD UPCYCLES LUXURY THAT SUPPORTS PEOPLE, THE PLANET, AND THE COMMUNITY. PART OF THIS MISSION IS TO REDUCE TEXTILE WASTE IN KENT COUNTY, MI. | - | $139,267 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JANAY BROWER | Founder & Ex | FT | $0 | - | - |
| ANNE MARIE HERTL | President | - | $0 | - | - |
| ALICE JASPER | Vice Preside | - | $0 | - | - |
| BECA VELAZQUEZ-PUBLES | Secretary | - | $0 | - | - |
| KARI BLISS | Treasurer | - | $0 | - | - |
| WINSOME KIRTON | Member | - | $0 | - | - |
| ALMA OBANDE | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Public Thread X
- EIN
- 88-2752338
- Phone
- 6167451222
- Address
- 446 CESAR E CHAVEZ AVE SW, GRAND RAPIDS, MI 49503
Signing Officer
- Name
- Janay Brower
- Title
- Founder & Exec. Director
- Phone
- 6167451222
- Signed
- 2024-09-22
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Devries Associates CPA
- Address
- 2020 RAYBROOK ST SE STE 201, GRAND RAPIDS, MI 49546
- Preparer
- Benjamin K Devries CPA
- Phone
- 6162577950
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Insurance recoveries 10,440 total 10,440”
Form 990-ez, Part I, Line 16
“Expenses advertising and promotion 2,145 office 5,406 information technology 290 travel 2,874 payment processing fees 203 small tools 4,445 bank fees 223 contract services 2,078 donations 200 non-investment depreciation 292 total 18,156”
Form 990-ez, Part I, Line 20
“Book / tax depreciation difference 292”
Form 990-ez, Part II, Line 24
“Inventories for sale or use 2,752 21,861 equipment 2,000 40,768 rebranding goodwill 0 100,641 loan fees 0 420 security deposit 5,000 5,000 total 9,752 168,690”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 8,386 1,136 unsecured notes and loans payable 0 76,631 payroll liabilities 0 17,819 tenant security deposit 0 851”
Form 990-ez, Part III
“To help grow living wage jobs, provide training, education and workforce development opportunities.”
Raw XML Appendix159 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JANAY BROWER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6167451222 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 446 CESAR E CHAVEZ AVE SW |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | GRAND RAPIDS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 49503 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 364679 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 256381 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 95454 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 32722 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -37703 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4656 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 374431 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 425071 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | -3815 |
| IRS990EZ/GrossReceiptsAmt | 0 | 134801 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 28907 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 366045 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 328634 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 366045 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 328634 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 2257 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JANAY BROWER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ANNE MARIE HERTL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ALICE JASPER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | BECA VELAZQUEZ-PUBLES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | KARI BLISS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | WINSOME KIRTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | ALMA OBANDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | FOUNDER & EX |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 9752 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 168690 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 292 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 18156 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 10440 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO HELP GROW LIVING WAGE JOBS, PROVIDE TRAINING, EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE BOLD UPCYCLES LUXURY THAT SUPPORTS PEOPLE, THE PLANET, AND THE COMMUNITY. PART OF THIS MISSION IS TO REDUCE TEXTILE WASTE IN KENT COUNTY, MI. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 139267 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 114713 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 8386 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 96437 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 139782 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 139267 |
| IRS990EZ/TotalRevenueAmt | 0 | 102079 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.PUBLICTHREAD.ORG |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | 340,499 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART III, LINE 12 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 95454 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 174157 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 269611 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 28907 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 28907 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt | 0 | 9440 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 9440 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 340499 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 340499 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.46040 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 298518 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 124361 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 174157 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 298518 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 133801 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 514656 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 648457 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | INSURANCE RECOVERIES 10,440 TOTAL 10,440 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES ADVERTISING AND PROMOTION 2,145 OFFICE 5,406 INFORMATION TECHNOLOGY 290 TRAVEL 2,874 PAYMENT PROCESSING FEES 203 SMALL TOOLS 4,445 BANK FEES 223 CONTRACT SERVICES 2,078 DONATIONS 200 NON-INVESTMENT DEPRECIATION 292 TOTAL 18,156 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | BOOK / TAX DEPRECIATION DIFFERENCE 292 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | INVENTORIES FOR SALE OR USE 2,752 21,861 EQUIPMENT 2,000 40,768 REBRANDING GOODWILL 0 100,641 LOAN FEES 0 420 SECURITY DEPOSIT 5,000 5,000 TOTAL 9,752 168,690 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 8,386 1,136 UNSECURED NOTES AND LOANS PAYABLE 0 76,631 PAYROLL LIABILITIES 0 17,819 TENANT SECURITY DEPOSIT 0 851 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | TO HELP GROW LIVING WAGE JOBS, PROVIDE TRAINING, EDUCATION AND WORKFORCE DEVELOPMENT OPPORTUNITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JANAY BROWER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | FOUNDER & EXEC. DIR. |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6167451222 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-09-22 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PUBLIC THREAD X |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PUBL |
| ReturnHeader/Filer/EIN | 0 | 882752338 |
| ReturnHeader/Filer/PhoneNum | 0 | 6167451222 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 446 CESAR E CHAVEZ AVE SW |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GRAND RAPIDS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 49503 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 474953134 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DEVRIES ASSOCIATES CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2020 RAYBROOK ST SE STE 201 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | GRAND RAPIDS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 49546 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6162577950 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-09-22 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BENJAMIN K DEVRIES CPA |
| ReturnHeader/ReturnTs | 0 | 2025-09-25T06:40:16-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $425,071
- Liabilities
- $96,437
- Net assets
- $328,634
- Revenue
- $102,079
- Expenses
- $139,782
- Net income
- -$37,703
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $2.65 | $1.86 | $0.79 | $6.56 | $9.06 | $2.50 |
| 2023Detailed filing. Detailed filing data is available for this year. | $4.25 | $0.96 | $3.29 | $1.02 | $1.40 | $0.38 |
| 2023Detailed filing. Detailed filing data is available for this year. | $4.25 | $0.96 | $3.28 | $1.02 | $1.40 | $0.38 |