Community Threads
- Assets
- $85.7k
- Revenue
- $15.9k
- Investments
- $36.7k
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 31-1448034
Organization Overview
Community Threads is located in Columbus, OH. The organization was established in 1996. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Community Threads generated $15.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $18.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Foster-Grear Chairman | 20 | $0 | |
Terrell Miller President | 0.25 | $0 | |
Renee Rainey Vice President | 0.25 | $0 | |
Chana Miller Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,000 |
| Interest on Savings | $0 |
| 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 | $4,879 |
| Total Revenue | $15,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $582 |
| Depreciation | $1,316 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,590 |
| Total operating and administrative expenses | $18,507 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $18,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342 |
| Savings and temporary cash investments | $0 |
| 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 | $12,983 |
| Investments—mortgage loans | $0 |
| Investments—other | $36,731 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,600 |
| Total assets | $85,656 |
| 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 | $40,554 |
| Other liabilities | $54,735 |
| Total liabilities | $95,289 |