Common Threads
- Assets
- $2.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 108
- Location
- Austin, TX
- Founding
- 12/2003
- Data as of
- 09/2023
- 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 09/2023, Common Threads employed 108 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 09/2023, Common Threads generated $4.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $4.1m during the year ending 09/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CHAMPION IMPROVED COMMUNITY HEALTH THROUGH THE POWER OF NUTRITION AND FOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON THREADS SERVED APPROXIMATELY 30,721 STUDENTS AND 9,657 ADULTS AT 437 PARTNER SCHOOLS AND PROGRAM SITES DURING 2023 FISCAL YEAR. THIS INCLUDES PREPARING APPROXIMATELY 235,098 HEALTHY MEALS AND SNACKS, TRAINING 614 TEACHERS AND TEACHING MORE THAN 241,377 HOURS OF NUTRITION AND COOKING CLASSES. PROGRAMMING INCLUDES AFTER-SCHOOL FAMILY AND CHILD COOKING CLASSES, IN-SCHOOL AND AFTER SCHOOL NUTRITION CLASSES, HEALTHY TEACHER TRAININGS, CAREGIVER WORKSHOPS, GROCERY STORE TOURS, SPECIAL EVENTS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesus Salgueiro Vice Chair | OfficerTrustee | 1 | $0 |
Angie Cooper Chair | OfficerTrustee | 1 | $0 |
Mike Denman Secretary | OfficerTrustee | 1 | $0 |
Michelle Bernstein Director | Trustee | 1 | $0 |
Alberto Carvalho Director | Trustee | 1 | $0 |
Neil Cotty Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $92,269 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,375,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,199,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,666,762 |
| Total Program Service Revenue | $437,209 |
| Investment income | $467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,858 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,109,300 |
| 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. | $145,478 |
| Compensation of current officers, directors, key employees. | $16,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,362,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $161,851 |
| Payroll taxes | $224,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $92,432 |
| Fees for services: Lobbying | $31,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $204,408 |
| Advertising and promotion | $15,755 |
| Office expenses | $55,025 |
| Information technology | $69,325 |
| Royalties | $0 |
| Occupancy | $69,464 |
| Travel | $114,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,936 |
| All other expenses | $16,894 |
| Total functional expenses | $4,079,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $915,302 |
| Pledges and grants receivable | $1,428,294 |
| Accounts receivable, net | $79,458 |
| 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 | $52,546 |
| 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 | $2,475,600 |
| Accounts payable and accrued expenses | $212,365 |
| Grants payable | $0 |
| Deferred revenue | $179,423 |
| 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 | $391,788 |
| Net assets without donor restrictions | $1,013,111 |
| Net assets with donor restrictions | $1,070,701 |
| 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 | $2,475,600 |