Common Threads
- Assets
- $2.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 81
- Location
- Austin, TX
- Founding
- 12/2003
- Data as of
- 09/2021
- EIN
- 20-0106847
Organization Overview
Common Threads is located in Austin, TX. The organization was established in 2003. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2021, Common Threads employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Threads is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Common Threads generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $3.4m during the year ending 09/2021. While expenses have increased by 0.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TEACH LOW INCOME CHILDREN TO COOK WHOLESOME AND AFFORDABLE MEALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON THREADS SERVED APPROXIMATELY 22,136 STUDENTS AND 6,258 ADULTS AT 418 PARTNER SCHOOLS AND PROGRAM SITES DURING 2021 FISCAL YEAR. THIS INCLUDES PREPARING APPROXIMATELY 125,079 HEALTHY MEALS AND SNACKS, TRAINING 1,300 TEACHERS AND TEACHING MORE THAN 197,282 HOURS OF NUTRITION AND COOKING CLASSES. PROGRAMMING INCLUDES AFTER-SCHOOL FAMILY AND CHILD COOKING CLASSES, IN-SCHOOL AND AFTER SCHOOL NUTRITION CLASSES, GARDENING CLASSES, HEALTHY TEACHER TRAININGS, GROCERY STORE TOURS, SPECIAL EVENTS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Novick O'keefe CEO | Officer | 40 | $142,305 |
Jed Miracle CFO | Officer | 40 | $77,996 |
Mike Denman Secretary | OfficerTrustee | 1 | $0 |
Neil Cotty Treasurer | OfficerTrustee | 1 | $0 |
Fatima Cody Stanford Vice Chair | OfficerTrustee | 1 | $0 |
Jesus Salgueiro Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $86,311 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,750,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,390,851 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,227,930 |
| Total Program Service Revenue | $304,359 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,939 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,535,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,219 |
| Compensation of current officers, directors, key employees. | $18,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,056,060 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $154,507 |
| Payroll taxes | $198,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $89,954 |
| Fees for services: Lobbying | $21,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,271 |
| Advertising and promotion | $41,203 |
| Office expenses | $45,999 |
| Information technology | $76,612 |
| Royalties | $0 |
| Occupancy | $44,308 |
| Travel | $10,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,933 |
| All other expenses | $0 |
| Total functional expenses | $3,389,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $969,909 |
| Pledges and grants receivable | $912,152 |
| Accounts receivable, net | $83,776 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,567 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,007,404 |
| Accounts payable and accrued expenses | $122,264 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $122,264 |
| Net assets without donor restrictions | $1,371,187 |
| Net assets with donor restrictions | $513,953 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,007,404 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Common Threads has recieved totaling $382,392.
| Awarding Organization | Amount |
|---|---|
Anahata Foundation Chicago, IL PURPOSE: GENERAL | $100,000 |
Isa Foundation Gilbert, AZ PURPOSE: FOSTERING HEALTHY FUTURES THROUGH HANDS-ON COOKING AND NUTRITION EDUCATION | $67,500 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $60,172 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $25,344 |
Fmi Foundation Arlington, VA PURPOSE: PROMOTION OF FAMILY MEALS PROGRAM | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,206 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Action And Contemplation Inc Albuquerque, NM | $15,264,590 | $12,835,886 |
Southern Gas Association Dallas, TX | $5,545,984 | $4,419,938 |
Humanities Texas Austin, TX | $9,920,951 | $4,003,511 |
Common Threads Austin, TX | $2,007,404 | $3,535,258 |
Archaeological Conservancy Albuquerque, NM | $56,717,200 | $10,561,379 |
Louisiana Endowment For The Humanities New Orleans, LA | $7,660,408 | $3,249,427 |
Dallas Human Resource Management Association Inc Dallas, TX | $3,193,977 | $1,127,847 |
Oklahoma Humanities Council Inc Oklahoma City, OK | $1,955,276 | $1,624,150 |
Brilliant Lecture Series Inc Houston, TX | $24,900 | $1,346,410 |
Searchlight New Mexico Santa Fe, NM | $846,961 | $1,080,972 |
Bartoskewitz Farm Foundation Seguin, TX | $3,479,402 | $1,928,325 |
System For Education Empowerment And Success Houston, TX | $312,075 | $658,184 |