Overview
What is Thread Inc?
Thread Inc, located in Baltimore, Maryland, is a dedicated nonprofit organization that focuses on supporting young individuals encountering significant opportunity and achievement gaps. By enrolling students ranked in the bottom 25% of their class and dealing with numerous challenges outside the classroom, Thread aims to disrupt the pattern of isolation leading to academic underperformance. This support lasts for a decade, with each student being assigned a group of up to four volunteers, referred to as a Thread family, providing continuous assistance and increased access to community resources. Thread is committed to never abandoning a single student, and its students consistently surpass expectations, with a high school completion rate ten times higher than their peers. The organization's mission is to harness the power of relationships to create a new social fabric, fostering a diverse community deeply engaged with young people facing these challenges. By doing so, Thread seeks to eradicate social isolation and build a more equitable culture where everyone thrives, with a current workforce of 99 dedicated individuals.
Official website here: www.thread.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 99% (Four-Star out of Four Star rating)
Thread Inc has achieved an impressive 99% rating on Charity Navigator, reflecting its strong accountability, financial health, and commitment to impact. The organization excels in various categories, with perfect scores in impact evaluation, feedback collection, and community engagement, indicating a robust framework for measuring and maximizing its effectiveness. The high percentage of independent board members and strong financial ratios further highlight its transparency and sound financial management.
User feedback from Great Nonprofits underscores the positive perception of Thread Inc's mission. Reviewers appreciate the organization's innovative approach to supporting underperforming high school students through community engagement and volunteer involvement. This commitment to fostering a sense of belonging and connection within Baltimore has resonated with individuals, even those outside the immediate community, showcasing the broader impact of its initiatives.
While the feedback is overwhelmingly positive, limitations in user reviews were not identified, suggesting that the organization maintains a strong reputation. Overall, Thread Inc stands out for its dedication to creating inclusive social connections and for its effective operational strategies, making it a noteworthy nonprofit within its sector.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Thread Inc?
94% of 15 reviewers on Facebook recommend Thread Inc. Here is a summary of their reviews:
Many individuals express strong admiration for Thread Inc, highlighting its impactful work in Baltimore. Reviewers praise the organization for its efforts in fostering connections among diverse communities while providing critical support to students in at-risk neighborhoods.
Overall, the sentiment reflects a deep appreciation for Thread Inc's mission and achievements, with participants feeling honored to be involved in such a transformative initiative. The commitment to making a positive difference in the community is a common theme among the testimonials.
This AI summary has been generated from reviews found on Facebook.
Is Thread Inc legitimate?
Thread Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thread 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: $213,042
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,045,636
For more financial information, click here
Official website here: www.thread.org
What is the mission statement of Thread Inc?
Thread Inc's mission is centered around supporting young individuals who face significant opportunity and achievement gaps. The organization harnesses the power of relationships to establish a new social fabric, engaging diverse individuals in the process. Their commitment is to end social isolation and foster a more equitable culture where everyone thrives. Thread intervenes in the 9th grade, enrolling students who rank below the 25th percentile in their class and are faced with numerous challenges outside the classroom. These students are part of Thread for 10 years, surrounded by a group of up to four volunteers, known as a Thread Family, who provide continuous support and increased access to community resources. Thread is committed to never abandoning a single student and consistently sees their students defy the odds, with a high school completion rate ten times that of their peers.
Official website here: www.thread.org
Who is the CEO of Thread Inc?
Dr Sarah Hemminger is the Co-Chair of Thread Inc. The CEO's salary of Thread Inc is $162,290 and their total compensation is $163,282.
Official website here: www.thread.org
What is the revenue of Thread Inc?
Thread Inc's revenue in 2022 was $4,591,129.
Official website here: www.thread.org
Who are the executives of Thread Inc and what are their salaries?
The average compensation at Thread Inc during 2022 was $32,916. There are 99 employees and 880 volunteers at Thread Inc.
Here are 19 key members and their salaries (Thread Inc's CEO's salary is $162,290 and their total compensation is $163,282):
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- Compensation: $162,290
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- Compensation: $119,018
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- Other: $12,796
Official website here: www.thread.org
Where can I find the form 990 for Thread Inc?
Thread Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thread.org
Learn more at the official website: www.thread.org
Mission Statement of Thread Inc
Thread Inc, a nonprofit organization, is committed to supporting young individuals who are facing significant opportunity and achievement gaps. The mission of Thread Inc is to harness the power of relationships to create a new social fabric, one that is diverse and deeply engaged with these young people. The organization aims to end social isolation and build a more equitable culture where everyone thrives.
In the 9th grade, Thread Inc intervenes and disrupts the pattern of isolation that often leads to academic underperformance. The nonprofit enrolls students who rank in the bottom 25% of their class and face numerous challenges outside of the classroom. Thread Inc provides these students with continuous support for a period of 10 years, surrounding them with a group of up to four volunteers, known as a Thread Family. This support not only includes increased access to community resources but also deeply enriches the lives of the committed volunteers. Thread Inc is dedicated to never giving up on any of its students, and as a result, Thread students consistently defy the odds. They complete high school at a rate ten times higher than similar peers.
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Impact
July, 2024
Thread Inc's impact lies in its ability to support young people facing the most significant opportunity and achievement gaps. By intervening in the 9th grade, Thread disrupts the pattern of isolation that often leads to academic underperformance. Enrolling students who rank in the bottom 25% of their class and face numerous challenges outside of the classroom, Thread provides continuous support and increased access to community resources through a group of up to four volunteers, known as a Thread family.
Through their commitment to never giving up on a single student, Thread has seen remarkable success, with their students completing high school at a rate ten times that of similar peers. By harnessing the power of relationships, Thread creates a new social fabric of diverse individuals deeply engaged with young people facing significant challenges. Their mission to end social isolation and build a more equitable culture where everyone can thrive demonstrates their dedication to creating lasting and positive change in the lives of the youth they support.
This information is meant to be a general summary of Thread 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: $3,709
- Gross Receipts: $4,591,129
Assets and Liabilities:
- Total Assets: $7,290,497
- Total Liabilities: $422,216
- Net Assets: $6,868,281
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Organization Details
Founding Year
2006
Phone
(410) 660-8343Principal Officer
Dr Sarah Hemminger
Main Address
2401 LIBERTY HEIGHTS AVENUE 2730, BALTIMORE, MD, 21215
Website
www.thread.orgNTEE Category
Code: O99 - Youth development
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