We Share A Common Thread Foundation Inc
- Assets
- $344.8k
- Revenue
- $435.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lowell, MA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 45-2916988
Organization Overview
We Share A Common Thread Foundation Inc is located in Lowell, MA. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Share A Common Thread Foundation Inc 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, We Share A Common Thread Foundation Inc generated $435.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $408.4k during the year ending 12/2022. While expenses have increased by 1.4% 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.
Since 2019, We Share A Common Thread Foundation Inc has awarded 821 individual grants totaling $2,155,406. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Cochran President/director | 1 | $0 | |
Alison Hughes Clerk/director | 1 | $0 | |
Kara Doyle Director | 1 | $0 | |
Michael Dubuque Treasurer/director | 1 | $0 | |
Robin Lorenzen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $418,714 |
| Interest on Savings | $6,292 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,550 |
| Total Revenue | $435,556 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,145 |
| Total operating and administrative expenses | $2,145 |
| Contributions, gifts, grants paid | $406,252 |
| Total expenses and disbursements | $408,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,345 |
| Savings and temporary cash investments | $123,463 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $344,808 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, We Share A Common Thread Foundation Inc has awarded $491,252 in support to 237 organizations.
| Grant Recipient | Amount |
|---|---|
ABLE TO SERVE PURPOSE: EXEMPT PURPOSES | $1,000 |
AARON'S PRESENTS PURPOSE: EXEMPT PURPOSES | $750 |
ACORD FOOD PANTRY PURPOSE: EXEMPT PURPOSES | $500 |
ACRE FAMILY CHILD CARE PURPOSE: EXEMPT PURPOSES | $2,750 |
ADAM KEENAN FOUNDATION PURPOSE: EXEMPT PURPOSES | $500 |
ALTERNATIVE HOUSE PURPOSE: EXEMPT PURPOSES | $1,250 |