Overview
What is Spreading Threads Clothing Bank?
Spreading Threads Clothing Bank is a nonprofit organization situated in Tucson, Arizona, specifically at 5435 N Desert Saguro CT. Their primary mission is to alleviate the financial strain on foster, adoptive, and kinship families in Southern Arizona by providing them with both new and used clothing. The organization believes in the importance of ensuring children feel good in the clothing they wear, and their efforts contribute to this goal. With a small team of two dedicated individuals, Spreading Threads Clothing Bank has managed to make a significant impact by offering clothing assistance to numerous families in 2022.
Is Spreading Threads Clothing Bank legitimate?
Spreading Threads Clothing Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spreading Threads Clothing Bank 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: $23,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Spreading Threads Clothing Bank?
The Spreading Threads Clothing Bank's mission is centered around providing support to foster, adoptive, and kinship families in Southern Arizona. Their primary goal is to alleviate the financial burden these families often face by offering them new and used clothing. Moreover, they aim to provide clothing that children feel good wearing, contributing positively to their self-esteem and overall well-being. In 2022, they successfully provided clothing to several families in the region, thereby making a significant impact.
Who is the CEO of Spreading Threads Clothing Bank?
Michele Bennett is the Board Member of Spreading Threads Clothing Bank.
What is the revenue of Spreading Threads Clothing Bank?
Spreading Threads Clothing Bank's revenue in 2022 was $205,330.
Who are the executives of Spreading Threads Clothing Bank and what are their salaries?
The average compensation at Spreading Threads Clothing Bank during 2022 was $11,694. There are 2 employees and 6 volunteers at Spreading Threads Clothing Bank.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Spreading Threads Clothing Bank?
Spreading Threads Clothing Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spreading Threads Clothing Bank
Spreading Threads Clothing Bank is an organization dedicated to making a significant impact on foster, adoptive, and kinship families in Southern Arizona. Its primary mission lies in reducing the financial burden these families often face by providing them with new and used clothing. The bank's objective goes beyond mere financial assistance, as it also aims to ensure that children in these families feel good wearing the clothes they receive. By doing so, Spreading Threads Clothing Bank seeks to contribute positively to their overall well-being and self-esteem. In 2022, this nonprofit organization successfully provided clothing to numerous families, thus alleviating a portion of their financial stress.
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Impact
October, 2024
Spreading Threads Clothing Bank plays a crucial role in supporting foster, adoptive, and kinship families in Southern Arizona by providing them with new and used clothing. This initiative significantly reduces the financial strain on these families, enabling them to allocate resources to other essential needs. By supplying quality clothing that children feel good wearing, the organization not only helps with immediate material needs but also contributes to the emotional well-being and confidence of children in these families. In 2022 alone, the impact was evident as several families benefitted from this support, easing their financial burden during challenging times. The ongoing efforts of Spreading Threads ensure that children in foster care and adoption feel valued and recognized, fostering a sense of belonging and stability.
This information is meant to be a general summary of Spreading Threads Clothing Bank. 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: $12
- Gross Receipts: $205,330
Assets and Liabilities:
- Total Assets: $477,625
- Total Liabilities: $354,158
- Net Assets: $123,467
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Organization Details
Founding Year
2016
Principal Officer
Michele Bennett
Main Address
5435 N DESERT SAGURAO CT, TUCSON, AZ, 85745
NTEE Category
Code: P30 - Human services
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