Rethreaded Inc
- Assets
- $4.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 49
- Location
- Jacksonville, FL
- Founding
- 05/2012
- Data as of
- 06/2022
- EIN
- 45-3036999
Organization Overview
Rethreaded Inc is located in Jacksonville, FL. The organization was established in 2012. According to its NTEE Classification (P62) the organization is classified as: Victims Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Rethreaded Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rethreaded 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 06/2022, Rethreaded Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 28.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS RESTORE CHOICE, ELIMINATE VULNERABILITIES TO EXPLOITATION, AND BREAK THE CYCLE OF GENERATIONAL TRAUMA FOR SURVIVORS OF HUMAN TRAFFICKING BY PROVIDING EMPLOYMENT, CAREER DEVELOPMENT, AND SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETHREADED PROVIDES EMPLOYMENT TO WOMEN IN THE JACKSONVILLE, FLORIDA AREA WHO ARE COMING OUT OF LIVES OF ADDICTION, VIOLENCE, HUMAN TRAFFICKING, AND PROSTITUTION. MANY OF THESE WOMEN LEAVE PRISON WITH FELONY RECORDS WHICH CREATE SIGNIFICANT CHALLENGES TO EMPLOYMENT. RETHREADED IS A SAFE PLACE WHERE WOMEN ARE PAID A LIVING WAGE AND EMPLOYED IN FIVE DIFFERENT AREAS AT RETHREADED INCLUDING MARKETING, ADMINISTRATION AND FINANCE, PRODUCTION, INVENTORY, AND SALES. LOCALLY, THE ORGANIZATION HAS DIRECTLY HELPED MANY WOMEN IN THE JACKSONVILLE AREA THROUGH EMPLOYMENT AT RETHREADED. THE ORGANIZATION ALSO PROVIDES AN INITIAL 3-MONTH PAID JOB TRAINING PROGRAM WHERE AFTER COMPLETION THE WOMEN CONTINUE EMPLOYMENT AT RETHREADED AND SPECIALIZE IN ONE OF THE FIVE AREAS LISTED ABOVE. DURING THE TRAINING PERIOD, RETHREADED WORKS WITH THE EMPLOYEE TO IDENTIFY AN AREA IN THE ORGANIZATION WHERE SHE WILL THRIVE. THE GOAL IS TO HELP EMPLOYEES DEVELOP VALUABLE JOB SKILLS AND A RENEWED SENSE OF CONFIDENCE SO THEY CAN BECOME LEADERS AND ADVOCATES IN THE ORGANIZATION AND THE COMMUNITY.
RETHREADED PROVIDES EMPLOYMENT TO WOMEN IN THE JACKSONVILLE, FLORIDA AREA WHO ARE COMING OUT OF LIVES OF ADDICTION, VIOLENCE, HUMAN TRAFFICKING, AND PROSTITUTION. MANY OF THESE WOMEN LEAVE PRISON WITH FELONY RECORDS WHICH CREATE SIGNIFICANT CHALLENGES TO EMPLOYMENT. RETHREADED IS A SAFE PLACE WHERE WOMEN ARE PAID A LIVING WAGE AND EMPLOYED IN FIVE DIFFERENT AREAS AT RETHREADED INCLUDING MARKETING, ADMINISTRATION AND FINANCE, PRODUCTION, INVENTORY, AND SALES. LOCALLY, THE ORGANIZATION HAS DIRECTLY HELPED MANY WOMEN IN THE JACKSONVILLE AREA THROUGH EMPLOYMENT AT RETHREADED. THE ORGANIZATION ALSO PROVIDES AN INITIAL 3-MONTH PAID JOB TRAINING PROGRAM WHERE AFTER COMPLETION THE WOMEN CONTINUE EMPLOYMENT AT RETHREADED AND SPECIALIZE IN ONE OF THE FIVE AREAS LISTED ABOVE. DURING THE TRAINING PERIOD, RETHREADED WORKS WITH THE EMPLOYEE TO IDENTIFY AN AREA IN THE ORGANIZATION WHERE SHE WILL THRIVE. THE GOAL IS TO HELP EMPLOYEES DEVELOP VALUABLE JOB SKILLS AND A RENEWED SENSE OF CONFIDENCE SO THEY CAN BECOME LEADERS AND ADVOCATES IN THE ORGANIZATION AND THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Keen Founder And | OfficerTrustee | 40 | $0 |
Karen Bowden Board Member | Trustee | 2 | $0 |
Lawson Carr Board Member | Trustee | 2 | $0 |
Jason Jones President An | OfficerTrustee | 40 | $0 |
Mike Kane Board Member | Trustee | 2 | $0 |
Rhea Mency Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,571,535 |
| Noncash contributions included in lines 1a–1f | $181,111 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,736,456 |
| Total Program Service Revenue | $710,531 |
| Investment income | $1,000 |
| 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 | $181,819 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,629,806 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $902,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,079 |
| Payroll taxes | $61,308 |
| 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 | $61,074 |
| Advertising and promotion | $156,157 |
| Office expenses | $194,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,898 |
| Travel | $5,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $194,593 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,578 |
| Insurance | $28,726 |
| All other expenses | $0 |
| Total functional expenses | $1,884,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,450,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,516 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $321,710 |
| Prepaid expenses and deferred charges | $71,989 |
| Net Land, buildings, and equipment | $2,614,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,545,130 |
| Accounts payable and accrued expenses | $55,655 |
| Grants payable | $0 |
| Deferred revenue | $21,155 |
| 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 | $150,000 |
| Other liabilities | $138,863 |
| Total liabilities | $365,673 |
| Net assets without donor restrictions | $3,913,128 |
| Net assets with donor restrictions | $266,329 |
| 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 | $4,545,130 |