Overview
What is Rethreaded Inc?
Rethreaded Inc, located in Jacksonville, Florida, is a compassionate nonprofit organization providing employment opportunities to women overcoming challenging backgrounds, such as addiction, violence, human trafficking, and prostitution. With a workforce of 49 individuals, the organization offers paid positions in various sectors, including marketing, administration, finance, production, inventory, and sales. The nonprofit offers an initial 3-month paid job training program to help employees identify their strengths and specialize in their chosen field. Rethreaded's mission is to restore choice, eliminate vulnerabilities to exploitation, and break the cycle of generational trauma experienced by survivors of human trafficking by providing employment, career development, and supportive services. By offering a safe space and a living wage, Rethreaded empowers these women to become leaders and advocates within the organization and the community.
Official website here: www.rethreaded.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Rethreaded Inc has received a two-star rating from Charity Navigator, indicating that while it operates with a fully independent board and maintains a low liabilities to assets ratio, it lacks in several key areas of accountability and financial transparency. The organization has been noted for its solid program expense ratio of 64.43%, demonstrating a commitment to its mission. However, significant gaps exist, such as missing financial statements and tax forms, which could affect stakeholder trust.
User feedback from Great Nonprofits highlights a positive personal experience from a client served, emphasizing the organization's impactful rehabilitation and employment initiatives. The review showcases Rethreaded's dedication to supporting individuals through training and employment, suggesting that the nonprofit has a meaningful and beneficial role in the community.
Despite these strengths, the nonprofit's overall rating indicates areas for improvement, particularly in financial documentation and transparency. Addressing these issues could enhance credibility and trust with donors and the broader community, allowing Rethreaded Inc to better serve its mission and beneficiaries.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Rethreaded Inc legitimate?
Rethreaded Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rethreaded 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $902,912
For more financial information, click here
Official website here: www.rethreaded.com
What is the mission statement of Rethreaded Inc?
Rethreaded Inc's mission is centered around restoring choices, eliminating vulnerabilities to exploitation, and breaking the cycle of generational trauma for survivors of human trafficking. They achieve this by providing employment, career development, and supportive services. The organization serves as a safe haven for women who have experienced addiction, violence, human trafficking, and prostitution, often leaving prison with felony records, thereby encountering significant employment challenges. At Rethreaded, these women are paid a living wage and offered employment opportunities in various sectors, such as marketing, administration, finance, production, inventory, and sales. A 3-month paid job training program is also offered, during which the organization works closely with the employee to identify their strengths and match them with a suitable role within the organization. The ultimate goal is to equip employees with valuable job skills and a renewed sense of confidence, enabling them to become leaders and advocates within the organization and the community.
Official website here: www.rethreaded.com
Who is the CEO of Rethreaded Inc?
Kristin Keen is the Founder And of Rethreaded Inc.
Official website here: www.rethreaded.com
What is the revenue of Rethreaded Inc?
Rethreaded Inc's revenue in 2022 was $2,629,806.
Official website here: www.rethreaded.com
Who are the executives of Rethreaded Inc and what are their salaries?
The average compensation at Rethreaded Inc during 2022 was $18,427. There are 49 employees at Rethreaded Inc.
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Official website here: www.rethreaded.com
Where can I find the form 990 for Rethreaded Inc?
Rethreaded Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rethreaded.com
Learn more at the official website: www.rethreaded.com
Mission Statement of Rethreaded Inc
Rethreaded Inc, a nonprofit organization, is dedicated to restoring choice, eliminating vulnerabilities to exploitation, and breaking the cycle of generational trauma for survivors of human trafficking. They achieve this mission by providing employment, career development, and supportive services. The organization offers jobs in various sectors, including marketing, administration and finance, production, inventory, and sales, and pays its employees a living wage. By offering employment opportunities, Rethreaded Inc helps women who have faced addiction, violence, human trafficking, and prostitution to rebuild their lives. The organization also provides a 3-month paid job training program, where after completion, women continue employment at Rethreaded Inc and specialize in one of the five areas. During the training period, Rethreaded Inc works with the employee to identify an area within the organization where she can thrive. The goal is to help employees develop valuable job skills and regain confidence, enabling them to become leaders and advocates in the organization and the community.
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Impact
July, 2024
Rethreaded Inc's impact is profound in the Jacksonville, Florida area, where they provide employment opportunities to women who are emerging from backgrounds of addiction, violence, human trafficking, and prostitution. By offering a safe space where these women are paid a living wage and employed in various capacities such as marketing, administration, production, inventory, and sales, Rethreaded is directly helping many women in the community. Additionally, their 3-month paid job training program equips these women with valuable job skills and renewed confidence, setting them on a path to become leaders and advocates within the organization and beyond. Through their work, Rethreaded is not only providing employment but also breaking the cycle of generational trauma and vulnerabilities to exploitation for survivors of human trafficking.
This information is meant to be a general summary of Rethreaded 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 2022.
- Investment Income: $1,000
- Program Service Revenue: $710,531
- Gross Receipts: $3,129,849
Assets and Liabilities:
- Total Assets: $4,545,130
- Total Liabilities: $365,673
- Net Assets: $4,179,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUKTI GALA
Revenue
$471,671
EOY GIVING CAMPAIGN
Revenue
$195,532
TICKET SALES AND OTHER EVENTS
Revenue
$21,760
RENTAL FEES
Revenue
$21,568
Organization Details
Founding Year
2011
Phone
(904) 438-8109Principal Officer
Kristin Keen
Main Address
515 E 9TH ST, JACKSONVILLE, FL, 32206
Website
www.rethreaded.comNTEE Category
Code: P62 - Human services
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