Peace Of Thread Incorporated
- Assets
- $63.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grayson, GA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-1695943
Organization Overview
Peace Of Thread Incorporated is located in Grayson, GA. The organization was established in 2014. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peace Of Thread Incorporated 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 12/2021, Peace Of Thread Incorporated generated $86.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $37.8k during the year ending 12/2021. While expenses have increased by 0.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
COMPANY THAT MAKES HIGH QUALITY BAGS TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONSPROVIDING THEM WITH INCOMEPRACTICE IN ENGLISH AND JOB SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Smith President | 40 | $20,518 | |
Stephanie Marbut Director | 20 | $18,690 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,567 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,660 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,158 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,800 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,872 |
| Total expenses | $37,830 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,283 |
| Other assets | $0 |
| Total assets | $63,283 |
| Total liabilities | $641 |
| Net assets or fund balances | $62,642 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Peace Of Thread Incorporated has recieved totaling $5,556.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $5,475 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
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|---|---|---|
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Bridge Refugee Services Inc Knoxville, TN | $945,056 | $1,835,371 |
Lumbee Regional Developement Association Inc Pembroke, NC | $3,934,724 | $1,629,392 |
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