Overview
What is Threads Of Hope Inc?
Threads of Hope Inc is a nonprofit organization, located in Neenah, Wisconsin. Their primary mission is to aid economically disadvantaged individuals in underdeveloped countries. They accomplish this by supporting the establishment of local enterprises, which generate income and products for global sale. The revenue generated from these sales is utilized to meet the essential needs of the communities where the products are produced. Moreover, Threads of Hope Inc is also dedicated to preventing young women and children from falling into the trap of prostitution. Since 2012, they have been entrusted with property in the Aninuan community, in the Philippines, which supports community facilities and programs through Christian Missions in the Philippines (CMPI).
Official website here: www.threadsofhope.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Threads Of Hope Inc has achieved a Three-Star rating from Charity Navigator, indicating a reliable level of accountability and financial health. The rating is derived solely from its Accountability & Finance beacon, with a high score in most categories. The organization notably has a fully independent board and has reported no material diversion of assets, reflecting strong governance practices.
The nonprofit's strengths include a high program expense ratio of 75.98%, demonstrating efficient use of resources towards its mission. Additionally, it has provided transparency by listing its website on the tax form and publishing meeting minutes, which further supports its accountability.
However, there are some limitations noted in the feedback. The organization lacks several key policies, such as a conflict of interest policy and whistleblower protection, which could enhance its governance framework. Addressing these issues may improve its overall standing and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Threads Of Hope Inc legitimate?
Threads Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Threads Of Hope Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $29,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.threadsofhope.com
What is the mission statement of Threads Of Hope Inc?
Threads of Hope Inc's mission is centered around assisting economically disadvantaged individuals in underdeveloped countries. The primary objective is to help these individuals establish local businesses, which in turn, provide a consistent source of income. These businesses manufacture products that can be sold globally. The organization utilizes the generated funds to address the physical, educational, and spiritual needs of the communities where the products are produced. Furthermore, Threads of Hope Inc strives to protect young women and children from falling into the trap of prostitution.
Official website here: www.threadsofhope.com
What is the revenue of Threads Of Hope Inc?
Threads Of Hope Inc's revenue in 2023 was $256,408.
Official website here: www.threadsofhope.com
Who are the executives of Threads Of Hope Inc and what are their salaries?
The average compensation at Threads Of Hope Inc during 2023 was $29,000. There is 1 employee and 20 volunteers at Threads Of Hope Inc.
Here are 7 key members and their salaries:
- Compensation: $29,000
- Related: $0
- Other: $29,000
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.threadsofhope.com
Where can I find the form 990 for Threads Of Hope Inc?
Threads Of Hope Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.threadsofhope.com
Learn more at the official website: www.threadsofhope.com
Mission Statement of Threads Of Hope Inc
Threads of Hope Inc, a nonprofit organization, is dedicated to assisting economically oppressed individuals in underdeveloped countries. Their mission is twofold. Firstly, they aim to help these people establish local enterprises. These businesses are intended to generate ongoing income, providing a sustainable source of livelihood for the community members. Secondly, the profits from these enterprises are used to address the physical, educational, and spiritual needs of the communities where the products are produced.
Furthermore, Threads of Hope Inc has a special concern for young women and children, particularly those at risk of becoming involved in prostitution. To address this issue, the organization uses the funds generated by their enterprises to provide support and resources to these vulnerable individuals, helping to protect them and empower them to lead fulfilling lives. By focusing on both enterprise development and community support, Threads of Hope Inc seeks to bring about lasting positive change in the lives of economically disadvantaged individuals in underdeveloped countries.
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Impact
October, 2024
Threads Of Hope Inc significantly impacts economically oppressed communities in underdeveloped countries by empowering individuals to establish local enterprises. This initiative generates sustainable income and produces goods that can reach global markets, providing long-term economic stability.
The organization recognizes vital contributions to the Christian Missions in the Philippines (CMPI), specifically supporting the Aninuan community through the development of essential facilities and programs. By holding property in trust since 2012, it ensures ongoing support for these initiatives.
The mission extends beyond economic empowerment; it addresses the physical, educational, and spiritual needs of the communities involved. By focusing on holistic development, Threads Of Hope Inc plays a crucial role in preventing young women and children from falling prey to exploitation, such as sex trafficking. This multifaceted approach not only aids in immediate relief but fosters enduring resilience and hope.
This information is meant to be a general summary of Threads Of Hope Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $590
- Gross Receipts: $306,541
Assets and Liabilities:
- Total Assets: $1,224,271
- Total Liabilities: $7,980
- Net Assets: $1,216,291
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Organization Details
Founding Year
2007
Principal Officer
Alex Kuhlow
Website
www.threadsofhope.comNTEE Category
Code: P20 - Human services
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