City Thread

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

EIN: 880867975 ✦ Denver, CO ✦ Designated as a 501(c)(3)

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Overview

What is City Thread?

City Thread is a nonprofit organization, headquartered at 1550 LARIMER STREET STE 863, Denver, CO 80202, with a team of three dedicated individuals. Their mission revolves around connecting people and communities by assembling suitable partnerships, resources, strategies, and accountability, enabling local leaders to expand their project perspectives and desired outcomes. City Thread's primary sources of income include fee-for-service, grants, and matching funds for technical assistance awards. While the specific projects and communities they serve are not mentioned in the provided information, it's clear that their work centers around fostering collaboration and inspiring broader thinking among local leaders.


Official website here: www.citythread.org/

Is City Thread legitimate?

City Thread is a legitimate nonprofit organization registered as a 501(c)(3) entity. City 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: $237,751
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.citythread.org/

What is the mission statement of City Thread?

City Thread's mission is centered around connecting people and communities. They identify the appropriate blend of partners, resources, strategy, and accountability to inspire local leaders to think beyond their immediate projects and consider broader outcomes. This organization serves as a catalyst, enabling communities to envision and achieve their goals more effectively. Their revenue primarily comes from fee-for-service income, grants, and match funding for technical assistance awards.


Official website here: www.citythread.org/

Who is the CEO of City Thread?

Kyle Wagenschutz is the Partner of City Thread.


Official website here: www.citythread.org/

What is the revenue of City Thread?

City Thread's revenue in 2022 was $677,547.


Official website here: www.citythread.org/

Who are the executives of City Thread and what are their salaries?

The average compensation at City Thread during 2022 was $79,250. There are 3 employees at City Thread.


Here are 6 key members and their salaries:


Sara Studdard (Partner)
  • Compensation: $82,950
  • Related: $0
  • Other: $0
Kyle Wagenschutz (Cfo/Partner)
  • Compensation: $82,950
  • Related: $0
  • Other: $0
Zoe Kircos (Secretary/Pa)
  • Compensation: $70,350
  • Related: $0
  • Other: $0
Patrick Hendricks (President)
  • Compensation: $500
  • Related: $0
  • Other: $0
Abby Miller (Board Member)
  • Compensation: $500
  • Related: $0
  • Other: $0
Yendra Ruiz Tencza (Treasurer)
  • Compensation: $500
  • Related: $0
  • Other: $0


Official website here: www.citythread.org/

Where can I find the form 990 for City Thread?

City Thread's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.citythread.org/

Learn more at the official website: www.citythread.org/

Mission Statement of City Thread

City Thread, a nonprofit organization, is dedicated to bridging gaps between individuals and communities. Their mission lies in identifying the optimal blend of collaborators, resources, strategies, and accountability, enabling local leaders to think beyond boundaries and envision comprehensive outcomes for their projects. City Thread's approach is centered around fostering connections, inspiring broad-minded perspectives, and facilitating the successful execution of community-driven initiatives. Their mission is to serve as a catalyst for transformative change, empowering various stakeholders to work together towards shared goals.

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Impact




July, 2024

City Thread's impact lies in its ability to connect people and communities, providing the right mix of partners, resources, strategy, and accountability to help local leaders think broadly about their projects and outcomes. Through fee-for-service income, grants, and match funding for technical assistance awards, City Thread plays a crucial role in driving community improvement in Denver, Colorado. Its work strengthens relationships, fosters collaboration, and empowers local leaders to create positive change within their neighborhoods.




This information is meant to be a general summary of City 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.

Revenue
$677,547 (2022)
Expenses
$316,252 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $562
  • Program Service Revenue: $59,675
  • Gross Receipts: $677,547

Assets and Liabilities:

  • Total Assets: $374,345
  • Total Liabilities: $13,050
  • Net Assets: $361,295

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Programs

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

PROGRAM SERVICE REVENUE

Revenue

$59,675

Organization Details

Founding Year

2022

Principal Officer

Kyle Wagenschutz

Main Address

1550 LARIMER STREET STE 863, DENVER, CO, 80202

NTEE Category

Code: S20 - Community improvement

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