Common Threads Of Maine
- Assets
- $33.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westbrook, ME
- Founding
- Data as of
- 12/2021
- EIN
- 83-3630750
Organization Overview
Common Threads Of Maine is located in Westbrook, ME. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Threads Of Maine 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, Common Threads Of Maine generated $179.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $169.2k during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 2 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
SINCE THE ORGANIZATION'S BEGINNING IN 2015, NEARLY 150 STUDENTS HAVE LEARNED TO BECOME SKILLED INDUSTRIAL STITCHERS. WE HAVE HELPED CONNECT OVER 85 PERCENT TO GOOD PAYING JOBS AT THE WORKPLACES OF LOCAL EMPLOYERS. PARTICIPANTS HAVE EARNED NEW CONFIDENCE, WORKPLACE SKILLS AND IMPROVED ENGLISH AND MATH SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jo Bell Co - Executive Director | 35 | $46,725 | |
Apphia Kamanda Co - Executive Director | 35 | $44,500 | |
Dory-Anna Richards Waxman Board Chair | 1 | $3,616 | |
Linda Cohen Director | 1 | $0 | |
Pious Ali Director | 1 | $0 | |
Jill Duson Secretary And Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,295 |
| Total Program Service Revenue | $2,550 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $550 |
| Total Revenue | $179,425 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $102,550 |
| Professional fees and other payments to independent contractors | $4,887 |
| Occupancy, rent, utilities, and maintenance | $27,221 |
| Printing, publications, postage, and shipping | $288 |
| Other expenses | $34,294 |
| Total expenses | $169,240 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,434 |
| Other assets | $0 |
| Total assets | $33,513 |
| Total liabilities | $15,508 |
| Net assets or fund balances | $18,005 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Common Threads Of Maine has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Machias Savings Bank Community Development Foundation Machias, ME PURPOSE: PROGRAM SUPPORT GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Landing School Of Boatbuilding And Design Arundel, ME | $3,172,973 | $2,445,752 |
Manufacturing Extension Partnership Of New Hampshire Inc Concord, NH | $513,624 | $1,389,791 |
Maine Energy Marketers Association Education Foundation Brunswick, ME | $1,974,189 | $1,014,386 |
Portland Electrical Joint Apprenticeship & Training Fund Lewiston, ME | $605,452 | $619,076 |
Southern Maine Workers Center Portland, ME | $586,497 | $444,420 |
Augusta Electrical Joint Apprenticeship And Training Fund Newport, ME | $591,230 | $352,229 |
Coreys Closet Manchester, NH | $35,397 | $295,483 |
Common Threads Of Maine Westbrook, ME | $33,513 | $0 |
Friends Of Spannocchia Portland, ME | $169,468 | $200,159 |
Northeastern Lumber Manufacturers Institute Cumberland Center, ME | $604,696 | $27,683 |
Sheet Mental Workers Local 545 Training Fund Lewiston, ME | $55,546 | $0 |