Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Common Threads Music and Craft Inc
EIN 99-3508650 • 501(c)3 • Medford, MA
Profile
Common Threads Music and Craft runs educational programming that fosters community through music and fiber arts, and brings to life the histories and traditions embodied by these arts.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.75x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
92nd percentile
Higher net margin than 92% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% 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
$4,176
No earlier filing loaded for comparison.
Liabilities
$3,147
No earlier filing loaded for comparison.
Net Assets
$1,029
No earlier filing loaded for comparison.
Revenue
$7,285
No earlier filing loaded for comparison.
Expenses
$3,109
No earlier filing loaded for comparison.
Net Income
$4,176
No earlier filing loaded for comparison.
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $4,176
- Liabilities
- $3,147
- Net assets
- $1,029
- Revenue
- $7,285
- Expenses
- $3,109
- Net income
- $4,176
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 15, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $7,285
Mission and Program Overview
Mission
Common Threads Music and Craft runs educational programming that fosters community through music and fiber arts, and brings to life the histories and traditions embodied by these arts.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Our central focus is the Common Threads retreat, held for the first time in February of 2025. In 2024, we began the process of planning the event and securing staff and space and began accepting participant registrations. The expense here is the deposit for our event venue. | $0 | $2,590 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kelly Stewart | President | - | $0 | - | - |
| Rosalind Buda | Treasurer | - | $0 | - | - |
| Emily O'Brien | Clerk | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Common Threads Music and Craft Inc
- EIN
- 99-3508650
- Phone
- 6174471114
- Address
- 117 Governors Ave, Medford, MA 02155
Signing Officer
- Name
- Emily O'Brien
- Title
- Clerk
- Phone
- 6174471114
- Signed
- 2025-05-15
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 8
“Description;Amount^Program registration fees paid in 2024;7285^Total;7285^”
Form 990-EZ, Part I, Line 16
“Description;Amount^Payment processing fees;203|Fees for incorporation and nonprofit status;316^Total;519^”
Form 990-EZ, Part II, Line 26
“Description;EOY Amount^Owed to Emily O'Brien for venue deposit;2590|Owed to Emily O'Brien for incorporation costs;316|Owed to Rosalind Buda for starting balance in bank account;200|Owed to Rosalind Buda for ordering checks;41^Total;3147^”
Raw XML Appendix219 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.
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| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description;Amount^Program registration fees paid in 2024;7285^Total;7285^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description;Amount^Payment processing fees;203|Fees for incorporation and nonprofit status;316^Total;519^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description;EOY Amount^Owed to Emily O'Brien for venue deposit;2590|Owed to Emily O'Brien for incorporation costs;316|Owed to Rosalind Buda for starting balance in bank account;200|Owed to Rosalind Buda for ordering checks;41^Total;3147^ |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-05-15 |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COMM |
| ReturnHeader/Filer/EIN | 0 | 993508650 |
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| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02155 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/ReturnTs | 0 | 2025-05-15T16:43:56-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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