Community Thread
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 14
- Location
- Stillwater, MN
- Founding
- 10/1972
- Data as of
- 12/2023
- EIN
- 41-0967271
Organization Overview
Community Thread is located in Stillwater, MN. The organization was established in 1972. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Community Thread employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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, Community Thread generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $976.3k during the year ending 12/2023. While expenses have increased by 7.2% 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
PROMOTE AND SUPPORT COMMUNITY VOLUNTEERISM BY PROVIDING RESOURCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THRIVE PROGRAM WAS ESTABLISHED IN APRIL 2022 TO ASSIST OLDER ADULTS AND INDIVIDUALS WITH DISABILITIES LIVING IN THE STILLWATER AREA. BY ENGAGING VOLUNTEERS, THIS MEMBERSHIP-BASED PROGRAM HELPS FILL REQUESTS FOR BASIC HOME ASSISTANCE, SUCH AS CLEANING, WITH THE GOAL OF MAKING IT EASIER FOR INDIVIDUALS TO REMAIN LIVING AT HOME. THE PROGRAM ENGAGES VOLUNTEER DRIVERS WHO TAKE PEOPLE TO AND FROM NEEDED APPOINTMENTS AND TO ACCESS COMMUNITY SERVICES. THIS PROGRAM IS AVAILABLE TO ALL ELIGIBLE RESIDENTS OF STILLWATER SCHOOL DISTRICT 834 AND ANYONE UNABLE TO PAY THE MEMBERSHIP FEE IS SUBSIDIZED. THE PROGRAM ALSO PROVIDES REFERRALS AND CONNECTIONS TO RESOURCES FOR THE PUBLIC AT LARGE AND OFFERS THE AMENITIES OF TWO COMMUNITY CENTERS. THESE CENTERS PROVIDE PROGRAMS AND ACTIVITIES THAT ENHANCE THE WELL-BEING OF OLDER ADULTS. THE STILLWATER SITE ALSO OFFERS FREE INCOME TAX PREPARATION ASSISTANCE AND OTHER SERVICES IN PARTNERSHIP WITH OTHER NONPROFIT ORGANIZATIONS.
THE VOLUNTEER CENTER SERVES INDIVIDUALS AND ORGANIZATIONS THROUGH FOUR PRIMARY FUNCTIONS: CONNECTING PEOPLE TO OPPORTUNITIES TO SERVE THROUGH A SEARCHABLE DATABASE OF VOLUNTEER OPPORTUNITIES; BUILDING CAPACITY FOR LOCAL VOLUNTEERING BY PROVIDING TRAINING AND SUPPORT IN VOLUNTEER MANAGEMENT TO LOCAL NONPROFIT ORGANIZATIONS; PROMOTING VOLUNTEERISM IN THE COMMUNITY; AND PROVIDING SPECIAL COMMUNITY-WIDE SERVICE INITIATIVES. FOR EXAMPLE, FOR OVER 50 YEARS COMMUNITY THREAD HAS BEEN PROVIDING HELP DURING THE HOLIDAYS THROUGH THE HOLIDAY HOPE PROGRAM (FORMERLY HOLIDAY BUREAU). THE PROGRAM SERVES FAMILIES, PEOPLE WITH DISABILITIES, AND OLDER ADULTS BY MATCHING THEM WITH SPONSORS WHO PROVIDE GIFTS. THE PROGRAM PASSES THROUGH IN-KIND GIFTS TO PROGRAM RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Anderson Executive Director | Trustee | 40 | $90,498 |
Bruce Stephan Director | Trustee | 8 | $0 |
Cassandra Martin Director | Trustee | 8 | $0 |
Margaret Smith Director | Trustee | 8 | $0 |
Richard Mcdonough Director | Trustee | 8 | $0 |
Diane Gustafson Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,485 |
| Fundraising events | $52,288 |
| Related organizations | $0 |
| Government grants | $27,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $882,361 |
| Noncash contributions included in lines 1a–1f | $126,889 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $977,884 |
| Total Program Service Revenue | $16,208 |
| Investment income | $6,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,870 |
| 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 | $1,027,109 |
| 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. | $90,498 |
| Compensation of current officers, directors, key employees. | $30,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $370,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,743 |
| Payroll taxes | $35,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,278 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,326 |
| Advertising and promotion | $7,076 |
| Office expenses | $26,717 |
| Information technology | $13,058 |
| Royalties | $0 |
| Occupancy | $50,423 |
| 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 | $19,832 |
| Insurance | $10,354 |
| All other expenses | $6,949 |
| Total functional expenses | $976,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,492 |
| Savings and temporary cash investments | $13,742 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,606 |
| 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 | $15,368 |
| Net Land, buildings, and equipment | $508,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $277,871 |
| Total assets | $1,187,799 |
| Accounts payable and accrued expenses | $52,569 |
| Grants payable | $0 |
| Deferred revenue | $6,964 |
| 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 | $77,203 |
| Total liabilities | $136,736 |
| Net assets without donor restrictions | $1,002,880 |
| Net assets with donor restrictions | $48,183 |
| 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 | $1,187,799 |