Community Threads
- Assets
- $0.0
- Revenue
- $628.0k
- Investments
- $0.0
- Employees
- 22
- Location
- Arlington Heights, IL
- Founding
- 06/2012
- Data as of
- 06/2019
- EIN
- 90-0658407
Organization Overview
Community Threads is located in Arlington Heights, IL. The organization was established in 2012. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2019, Community Threads employed 22 individuals. Community Threads 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 06/2019, Community Threads generated $628.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $481.7k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (13.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Community Threads has awarded 23 individual grants totaling $1,647,693. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY THREADS PROVIDES HOPE, OPPORTUNITY AND SUPPORT THAT EMPOWERS WOMEN AND CHILDREN AS THEY JOURNEY FROM HOMELESSNESS TO SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY THREADS PROVIDED CASH GRANTS OF $126,000 TO ORGANIZATIONS WHO ARE ASSISTING UNDER-RESOURCED INDIVIDUALS IN OUR COMMUNITY. FUNDING FOR CHRISTIAN EDUCATION AND PASTORAL TRAINING WAS ALSO PROVIDED. IN THE FUTURE, COMMUNITY THREADS WILL FOCUS ON SUPPORTING WOMEN AND CHILDREN AS THEY JOURNEY FROM HOMELESSNESS TO SELF-SUFFICIENCY. WE WILL ACCOMPLISH THIS THROUGH HOME OF THE SPARROW BY THE MERGER OF OUR TWO ORGANIZATIONS AS OF JUNE 30, 2019. WE ALSO PROVIDE NUMEROUS VOLUNTEER OPPORTUNITIES FOR THOSE WHO NEED TO FULFILL COMMUNITY SERVICE REQUIREMENTS AS WELL AS MANY INDIVIDUALS FOR WHOM VOLUNTEER SERVICE IS THERAPEUTIC FOR THEMSELVES. COMMUNITY THREADS VOLUNTEERS COLLECTIVELY SERVED OVER 25,000 HOURS IN THE PAST FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tess Reinhard Board President | OfficerTrustee | 3 | $0 |
Kevin Campbell Exec. Dir | OfficerTrustee | 8 | $4,160 |
Jim Kunick Secretary & Director | OfficerTrustee | 2 | $0 |
John Yukawa Director | Trustee | 2 | $0 |
Lauren Miller Director | Trustee | 2 | $0 |
Kevin Currid Treasurer | Officer | 5 | $10,134 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,428 |
| Total Program Service Revenue | $626,610 |
| Investment income | $4 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $126,000 |
| 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. | $14,294 |
| Compensation of current officers, directors, key employees. | $14,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $380 |
| Fees for services: Accounting | $6,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,586 |
| Advertising and promotion | $7,010 |
| Office expenses | $29,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,649 |
| Travel | $1,025 |
| 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 | $14,110 |
| Insurance | $11,534 |
| All other expenses | $898 |
| Total functional expenses | $481,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Community Threads has awarded $126,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BREAKTHROUGH PURPOSE: Benevolence | $13,250 |
THE ORCHARD NETWORK PURPOSE: Outreach | $13,250 |
ST PETER CHURCH & SCHOOL PURPOSE: Education | $13,500 |
HOME OF THE SPARROW PURPOSE: General | $86,000 |