The Collective Thread
- Assets
- $341.2k
- Revenue
- $441.0k
- Investments
- $0.0
- Employees
- 24
- Location
- St Louis, MO
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 27-1334567
Organization Overview
The Collective Thread is located in St Louis, MO. The organization was established in 2010. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Collective Thread employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collective Thread 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 12/2023, Collective Thread generated $441.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $566.4k during the year ending 12/2023. While expenses have increased by 25.0% per year over the past 5 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
A LOCAL MISSION THAT EMPOWERS WOMEN THROUGH WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLECTIVE THREAD IS EXPANDING OUR CURRENT SEWING SCHOOL TO PROVIDE NEEDED SKILLS TRAINING AND EMPLOYMENT OPPORTUNITIES TO IMMIGRANT AND REFUGEE WOMEN IN ST. LOUIS BY ADDING COMMERCIAL SEWING CLASSES TO OUR CURRENT CURRICULUM. WE WILL PROVIDE INDUSTRIAL SEWING TRAINING FOR 60 WOMEN PER YEAR, WHO WILL HAVE EMPLOYMENT OPPORTUNITIES AT IDENTIFIED BUSINESSES IN NEED OF SEWERS IN ST. LOUIS.OUR SMALL BATCH FACILITY WILL EMPLOY 20 WOMEN TO SEW COMMERCIALLY FOR LOCAL CLOTHING BRANDS IN YEAR 2021, WITH 2-3 ADDITIONAL MANAGERIAL POSITIONS. IN 2022, WE HOPE TO DOUBLE THAT NUMBER EMPLOYED AT THE COLLECTIVE THREAD.OUR LOCAL WORK HELPS TO FUND SIMILAR PROGRAMS IN EAST AFRICA AND WE ARE EXCITED ABOUT OUR FUTURE VISION OF PRODUCTION FOR USA BRANDS BEING PRODUCED HERE AND IN OUR SHOP IN ETHIOPIA. THERE ARE SOME PRODUCTS THAT NEED LARGE QUANTITY AND THOSE SIMPLER, LARGE QUANTITY ITEMS WILL POTENTIALLY BE PRODUCED THERE.OVER THE LAST DECADE, OUR TEAM HAS MADE MORE THAN 35 TRIPS TO EAST AFRICA TO TEACH WOMEN TO SEW. OUR FACILITIES IN THE US AND ABROAD SUPPORT LOCAL ECONOMIES AND HELP WOMEN OUT OF POVERTY THROUGH EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Stipanovich Treasurer | OfficerTrustee | 40 | $32,083 |
Saruul Purev Board Member | Trustee | 1 | $0 |
Suzanne Sierra Board Member | Trustee | 1 | $0 |
Sadie Montgomery Secretary | OfficerTrustee | 1 | $0 |
Mike Sherman President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,309 |
| Total Program Service Revenue | $317,729 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $441,038 |
| 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. | $32,083 |
| Compensation of current officers, directors, key employees. | $6,417 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,090 |
| Advertising and promotion | $13,546 |
| Office expenses | $11,575 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,916 |
| Insurance | $13,125 |
| All other expenses | $73 |
| Total functional expenses | $566,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,794 |
| 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 | $0 |
| Net Land, buildings, and equipment | $292,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $341,196 |
| Accounts payable and accrued expenses | $19,517 |
| 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 | $19,517 |
| Net assets without donor restrictions | $321,679 |
| Net assets with donor restrictions | $0 |
| 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 | $341,196 |