Overview
What is The Collective Thread?
The Collective Thread is a nonprofit organization based in Saint Louis, Missouri. Its primary mission is to empower immigrant and refugee women by offering skills training and employment opportunities through commercial sewing classes. The program aims to train 60 women annually in industrial sewing, providing them with job prospects at local businesses in need of sewers. In addition, the organization plans to employ 20 women at its small batch facility to sew for local clothing brands in 2021, with potential expansion in the following years. The Collective Thread's initiatives not only support the local economy but also extend to East Africa, where they have been teaching sewing skills to women for over a decade. The organization's goal is to help women rise out of poverty through employment, while also contributing to the production of USA brands.
Official website here: www.thecollectivethread.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The Collective Thread has achieved a 76% score on Charity Navigator, which reflects a Three-Star rating primarily based on Accountability and Finance metrics. This rating indicates a solid performance in areas of fiscal responsibility and governance, suggesting that the organization is effectively managing its resources and maintaining transparency to its stakeholders.
The organization demonstrates strengths with an entirely independent board and a high program expense ratio of 86.42%, indicating that a significant portion of its funding is directed toward its programs rather than administrative costs. Additionally, the absence of any material diversion of assets shows a strong commitment to ethical practices.
However, there are notable weaknesses, particularly regarding governance policies. The lack of a conflict of interest policy, whistleblower policy, and document retention and destruction policies indicate potential gaps in organizational accountability. Addressing these issues could enhance its governance framework and improve overall transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Collective Thread legitimate?
The Collective Thread is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Collective Thread 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $378,174
For more financial information, click here
Official website here: www.thecollectivethread.org/
What is the mission statement of The Collective Thread?
The mission of The Collective Thread is centered around empowering women, specifically immigrants and refugees, by providing them with necessary sewing skills training and employment opportunities. To achieve this, The Collective Thread is expanding its current sewing school curriculum to incorporate commercial sewing classes. Each year, they aim to train 60 women in industrial sewing, offering them employment prospects at local businesses in need of sewers. In addition, The Collective Thread plans to employ 20 women in its small batch facility to produce garments for local clothing brands in 2021, with potential for additional managerial roles. For the year 2022, their goal is to double the number of employed individuals at The Collective Thread.
Official website here: www.thecollectivethread.org/
Who is the CEO of The Collective Thread?
Theresa Stipanovich is the Assistant Vice President of The Collective Thread.
Official website here: www.thecollectivethread.org/
What is the revenue of The Collective Thread?
The Collective Thread's revenue in 2022 was $613,130.
Official website here: www.thecollectivethread.org/
Who are the executives of The Collective Thread and what are their salaries?
The average compensation at The Collective Thread during 2022 was $14,545. There are 26 employees and 10 volunteers at The Collective Thread.
Here are 6 key members and their salaries:
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- Compensation: $29,103
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Official website here: www.thecollectivethread.org/
Where can I find the form 990 for The Collective Thread?
The Collective Thread's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecollectivethread.org/
Learn more at the official website: www.thecollectivethread.org/
Mission Statement of The Collective Thread
The Collective Thread is a local nonprofit organization with a mission to empower women, specifically immigrant and refugee women in St. Louis. They aim to achieve this by expanding their current sewing school curriculum to provide essential skills training and job opportunities. This expansion includes the addition of commercial sewing classes, enabling 60 women each year to gain industrial sewing skills. With these new skills, these women will have the chance to secure employment at identified businesses in need of sewers in St. Louis.
Furthermore, The Collective Thread plans to employ 20 women at their small batch facility in 2021, allowing them to sew commercially for local clothing brands. In addition to these positions, they anticipate creating 2-3 managerial roles. In 2022, the organization aims to double the number of women they employ, continuing their mission to empower and provide opportunities for these vulnerable women.
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Impact
July, 2024
The impact of The Collective Thread is significant in empowering women through work by providing skills training and employment opportunities to immigrant and refugee women in St. Louis. By offering industrial sewing training to 60 women per year, the organization not only equips them with valuable skills but also connects them with employment opportunities in businesses in need of sewers. Additionally, the small batch facility employed 20 women in 2021, with the potential to increase this number in the future. By supporting local economies and lifting women out of poverty through employment, The Collective Thread's work has a meaningful and tangible impact on the lives of women in St. Louis and beyond.
This information is meant to be a general summary of The Collective Thread. 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 2022.
- Program Service Revenue: $361,167
- Gross Receipts: $613,130
Assets and Liabilities:
- Total Assets: $459,453
- Total Liabilities: $27,792
- Net Assets: $431,661
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRODUCT
Revenue
$273,236
SERVICES
Revenue
$87,931
Organization Details
Founding Year
2010
Phone
(314) 560-5802Principal Officer
Theresa Stipanovich
Main Address
1310 WASHINGTON AVE, SAINT LOUIS, MO, 63103
Website
www.thecollectivethread.org/NTEE Category
Code: X99 - Religion related
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