Threads of Mercy Inc
- Assets
- $0.0
- Revenue
- $1.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison Heights, VA
- Founding
- 05/2018
- Data as of
- 12/2020
- EIN
- 82-2583294
Organization Overview
Threads of Mercy Inc is located in Madison Heights, VA. The organization was established in 2018. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations.
For the year ending 12/2020, Threads of Mercy Inc generated $1.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (50.1%) each year. All expenses for the organization totaled $1.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (51.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO MISSION GROUPS IN DEVELOPING COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan S Clark President | 20 | $0 | |
Brenda Watson Secretary | 2 | $0 | |
Jimmie Clark Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,336 |
| 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 | $0 |
| Total Revenue | $1,336 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,236 |
| Total operating and administrative expenses | $1,236 |
| Contributions, gifts, grants paid | $100 |
| Total expenses and disbursements | $1,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Threads of Mercy Inc has awarded $10,508 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCING NATIVE MISSIONS PURPOSE: CHARITABLE | $901 |
CHILDRENS HOSP OF KINGS DAUGHTERS PURPOSE: CHARITABLE | $1,000 |
NTIBONERA FOUNDATION PURPOSE: CHARITABLE | $150 |
MCGUIRE VETERANS HOSPITAL PURPOSE: CHARITABLE | $64 |
ADVANCING NATIVE MISSIONS PURPOSE: CHARITABLE | $848 |
THOMAS RD BAPT CHURCH SENIOR LIFE PURPOSE: CHARITABLE | $46 |