Overview
What is Community Thread?
Community Thread is a nonprofit organization situated in Stillwater, Minnesota, with a mission to foster and strengthen community volunteerism. They achieve this by offering various resources, such as a searchable database of volunteer opportunities, training and support in volunteer management to local nonprofits, and promoting volunteerism within the community. The organization has been actively involved in community-wide service initiatives for over five decades, notably through the Holiday Hope program. This program matches families, individuals with disabilities, and seniors with sponsors, who then provide them with personally selected gifts and a holiday meal. Community Thread's team consists of 13 dedicated individuals working tirelessly to make a positive impact on their community.
Official website here: www.communitythread.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
Community Thread has achieved an outstanding score of 100%, reflecting a strong commitment to accountability and financial transparency. This rating is based entirely on their performance in the Accountability & Finance beacon, indicating that they have implemented best practices in governance and financial management. The organization boasts a fully independent board, which enhances its credibility and governance structure.
The strengths of Community Thread are further emphasized by their fiscal responsibility, with a program expense ratio of 72.93%, ensuring that the majority of their funds are directed towards their programs. Their financial health is robust, indicated by a low liabilities-to-assets ratio of 11.51%. Additionally, the organization has established comprehensive policies, including conflict of interest and whistleblower policies, which contribute to their operational integrity.
While the overall rating is exceptional, it is crucial for potential donors and stakeholders to consider that this assessment is based on fiscal year 2023 data. Regular updates and continued transparency will be essential for maintaining this high level of trust and accountability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Community Thread legitimate?
Community Thread is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community 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: $81,324
Professional Fundraising Fees: $0
Other Salaries and Wages: $391,663
For more financial information, click here
Official website here: www.communitythread.org
What is the mission statement of Community Thread?
Community Thread's mission is centered around promoting and supporting community volunteerism. They accomplish this objective by providing essential resources. Specifically, they connect individuals to volunteer opportunities through a searchable database, build capacity for local volunteering by offering training and support in volunteer management to local nonprofit organizations, actively promote volunteerism in the community, and organize special community-wide service initiatives. An exemplary initiative is the Holiday Hope program, which has been running for over half a century. This program registers families, people with disabilities, and seniors, matches them with sponsors, and provides them with individually chosen gifts and a holiday meal. In-kind gifts are also distributed to the program recipients.
Official website here: www.communitythread.org
Who is the CEO of Community Thread?
Sally Anderson is the Executive Director of Community Thread.
Official website here: www.communitythread.org
What is the revenue of Community Thread?
Community Thread's revenue in 2022 was $1,072,041.
Official website here: www.communitythread.org
Who are the executives of Community Thread and what are their salaries?
The average compensation at Community Thread during 2022 was $36,384. There are 13 employees and 1690 volunteers at Community Thread.
Here are 16 key members and their salaries:
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Official website here: www.communitythread.org
Where can I find the form 990 for Community Thread?
Community Thread's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitythread.org
Learn more at the official website: www.communitythread.org
Mission Statement of Community Thread
Community Thread, a prominent organization, is dedicated to fostering and strengthening community volunteerism. They accomplish this mission by providing essential resources. Specifically, the Volunteer Center, a key component of Community Thread, serves individuals and organizations in four primary capacities. Firstly, it connects people to volunteer opportunities through a searchable database, offering a wide range of choices. Secondly, it boosts local volunteering capacity by providing training and support in volunteer management to local nonprofit organizations. Thirdly, it actively promotes volunteerism within the community, raising awareness and encouraging participation. Lastly, it spearheads special community-wide service initiatives, such as the Holiday Hope program, which has been providing assistance during the holiday season for over half a century. This program registers families, people with disabilities, and seniors, and matches them with sponsors who provide personalized gifts and holiday meals. In essence, Community Thread's mission is to empower individuals and organizations to engage in volunteer work, thereby strengthening their community.
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Impact
July, 2024
Community Thread's impact is felt across the community as it promotes and supports volunteerism through various initiatives. By connecting individuals and organizations to volunteer opportunities through a searchable database, it encourages active community participation. Additionally, by providing training and support in volunteer management to local nonprofit organizations, Community Thread helps build capacity for volunteering in the area. Community-wide service initiatives, such as the Holiday Hope program, demonstrate their commitment to supporting those in need during special times of the year. Overall, Community Thread's efforts contribute to a thriving community where individuals can engage in meaningful service activities to benefit others.
This information is meant to be a general summary of Community 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.
- Investment Income: $1,183
- Program Service Revenue: $9,759
- Gross Receipts: $1,084,573
Assets and Liabilities:
- Total Assets: $1,168,065
- Total Liabilities: $167,861
- Net Assets: $1,000,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$9,759
Organization Details
Founding Year
1972
Principal Officer
Sally Anderson
Main Address
2300 WEST ORLEANS STREET, Stillwater, MN, 55082
Website
www.communitythread.orgNTEE Category
Code: P81Z - Human services
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