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Thread Group Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471172966 ✦ San ramon, CA ✦ Designated as a 501(c)(6)

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Overview

What is Thread Group Inc?

Thread Group Inc, based in San Ramon, California, is a nonprofit organization committed to enhancing connectivity and control of Internet of Things (IoT) products. They have made significant strides towards the 1.3 specification and certification program, aiming for a 2022 launch. Thread Group's primary goal is to provide manufacturers and consumers with the optimal means to connect and manage their IoT devices. This mission is instrumental in streamlining IoT product usage, ensuring seamless integration and user experience.


Official website here: www.threadgroup.org

Is Thread Group Inc legitimate?

Thread Group Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Thread Group 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: $0

For more financial information, click here


Official website here: www.threadgroup.org

What is the mission statement of Thread Group Inc?

Thread Group Inc's mission is centered around providing an optimal solution for manufacturers and consumers to connect and manage Internet of Things (IoT) products. The organization strives to offer the best possible connectivity and control features for IoT devices. Notably, Thread Group Inc has made substantial progress towards launching the 1.3 specification and certification program in 2022.


Official website here: www.threadgroup.org

What is the revenue of Thread Group Inc?

Thread Group Inc's revenue in 2023 was $2,229,092.


Official website here: www.threadgroup.org

Who are the executives of Thread Group Inc and what are their salaries?

There 26 volunteers at Thread Group Inc.

Here are 15 key members and their salaries:


Vividh Siddha (President & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Kraus (Treasurer & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Klaus Waechter (Vp,Commercial;Vp European)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Hui (Vp Of Technology & Directo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sujata Neidig (Vp Of Marketing & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arnulf Rupp (Secretary & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rolf De Vegt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean-Michel Orsat (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gabe Kassel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Babcock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Protzman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Faisal Feroz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krzysztok Loska (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Sporre (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.threadgroup.org

Where can I find the form 990 for Thread Group Inc?

Thread Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.threadgroup.org

Learn more at the official website: www.threadgroup.org

Mission Statement of Thread Group Inc

Thread Group Inc, a organization dedicated to the IoT sector, aims to provide manufacturers and consumers with the optimal method to connect and manage their Internet of Things (IoT) products. By focusing on this mission, Thread Group Inc seeks to offer the best possible experience for both manufacturers and end-users in the realm of IoT technology. The organization has made notable strides in advancing the 1.3 specification and certification program, with plans for a 2022 launch. This progress signifies Thread Group Inc's commitment to continuously improving and evolving their offerings in the IoT space.

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Impact




October, 2024

Thread Group Inc plays a significant role in enhancing connectivity and control in the Internet of Things (IoT) landscape. By developing specifications and certification programs, the organization empowers manufacturers to create interoperable IoT products, facilitating a seamless experience for consumers.

With its focus on the 1.3 specification, Thread Group has made notable strides in establishing standards that ensure devices from different manufacturers can communicate effectively. This progress is crucial for fostering innovation and driving the adoption of IoT technology across a variety of sectors, ultimately improving everyday life and reinforcing community connectivity. Their efforts not only benefit manufacturers but also contribute to a more reliable and user-friendly ecosystem for consumers, promoting smarter and more efficient living environments.

The organization is headquartered in San Ramon, CA, where it continues to advance its mission, aiming to bridge gaps in the market and improve the overall functionality and accessibility of IoT products. Through its commitment to establishing and promoting best practices in IoT integration, Thread Group Inc is making a substantial impact on how connected devices are perceived and utilized in modern society.




This information is meant to be a general summary of Thread Group 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.

Revenue
$2,229,092 (2023)
Expenses
$2,183,545 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $38,736
  • Program Service Revenue: $2,190,356
  • Gross Receipts: $2,229,092

Assets and Liabilities:

  • Total Assets: $1,526,630
  • Total Liabilities: $922,646
  • Net Assets: $603,984

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$1,953,536

CERTIFICATION FEES

Revenue

$152,750

EVENT REVENUE

Revenue

$84,070

Organization Details

Founding Year

2014

Principal Officer

Vividh Siddha

NTEE Category

Code: S41 - Community improvement

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