The Common Thread For The Cure Foundation
- Assets
- $1.2m
- Revenue
- $165.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, NC
- Founding
- 04/2001
- Data as of
- 12/2020
- EIN
- 31-1763106
Organization Overview
The Common Thread For The Cure Foundation is located in Lexington, NC. The organization was established in 2001. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Thread For The Cure Foundation 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 12/2020, Common Thread For The Cure Foundation generated $165.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $148.1k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND ASSIST PERSONS AFFECTED BY BREAST CANCER WITHIN THE DESIGN AND FURNISHINGS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO THOSE WITH BREAST CANCER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Kontoulas Vice-President | Officer | 5 | $0 |
Jane Barea President | Officer | 5 | $0 |
Linda Higgins Secretary | Officer | 5 | $0 |
Patty Younts Treasurer | Officer | 5 | $0 |
Scott Schwinghammer Board Chair | Trustee | 5 | $0 |
Suzann Bray Director | Trustee | 0 | $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 | $65,764 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,764 |
| Total Program Service Revenue | $0 |
| Investment income | $22,260 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,232 |
| Net Income from Fundraising Events | $73,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $129,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $3,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,308 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,686 |
| Office expenses | $1,996 |
| Information technology | $450 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,339 |
| All other expenses | $140 |
| Total functional expenses | $148,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,586 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $1,174,834 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,193,420 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $5,000 |
| Net assets without donor restrictions | $1,188,420 |
| 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 | $1,193,420 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Common Thread For The Cure Foundation has recieved totaling $10,600.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,300 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,300 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guardian Research Network Inc Spartanburg, SC | $5,064,822 | $10,301,125 |
Glen Flora Lumberton, NC | $5,677,360 | $5,941,472 |
Southeast Clinical Oncology Research Consortium Inc Winstonsalem, NC | $1,482,173 | $3,901,035 |
Ronald Mcdonald House Charities Of Memphis Inc Memphis, TN | $25,416,874 | $3,684,444 |
National Cancer Registrars Assoc Alexandria, VA | $2,121,602 | $2,744,250 |
Roc Solid Foundation Inc Chesapeake, VA | $1,819,007 | $2,915,723 |
Camp Sunshine Inc Decatur, GA | $16,568,676 | $3,692,986 |
United Cancer Support Foundation Knoxville, TN | $495,054 | $1,929,700 |
Ceo Roundtable On Cancer Inc Morrisville, NC | $3,714,363 | $3,030,282 |
Ask Childhood Cancer Foundation Richmond, VA | $4,176,452 | $2,598,782 |
Horizons Community Solutions Inc Albany, GA | $1,130,013 | $1,343,214 |
Cancer Services Inc Winstonsalem, NC | $4,267,204 | $1,631,096 |