Red Thread Institute
- Assets
- $29.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Rosa, CA
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 37-1827793
Organization Overview
Red Thread Institute is located in Santa Rosa, CA. The organization was established in 2016. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Thread Institute 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 12/2022, Red Thread Institute generated $176.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $170.8k during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MEDICAL QIGONG EDUCATION AND CLINIC. HUNDREDS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ishara Sweeney President Treasurer | 60 | $25,000 | |
Michael Sweeney Secretary | 60 | $25,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,093 |
| Total Program Service Revenue | $183,474 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,029 |
| Total Revenue | $176,346 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,000 |
| Professional fees and other payments to independent contractors | $4,732 |
| Occupancy, rent, utilities, and maintenance | $54,404 |
| Printing, publications, postage, and shipping | $1,053 |
| Other expenses | $60,645 |
| Total expenses | $170,834 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,446 |
| Other assets | $0 |
| Total assets | $29,644 |
| Total liabilities | $105,706 |
| Net assets or fund balances | -$76,062 |