2024-05-15T16:02:32-05:00 2023-06-30 521003788 KATZ ABOSCH 9690 DEERECO RD STE 500 TIMONIUM MD 21093 990 2022-07-01 841700955 THREAD INC THRE 4106608343 2401 LIBERTY HEIGHTS AVENUE 2730 BALTIMORE MD 21215 DR SARAH HEMMINGER CHIEF EXECUTIVE OFFICER 4106608343 2024-05-15 1 DR SARAH HEMMINGER 999009999 0 LAUREN K OWOC CPA P01525941 4108286432 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR SARAH HEMMINGER 2401 LIBERTY HEIGHTS AVENUE 2730 BALTIMORE MD 21215 10158846 0 X WWW.THREAD.ORG X 2006 MD SUPPORTS YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS. 13 12 81 648 0 0 4587420 9923571 0 0 3709 110661 0 3509 4591129 10037741 0 0 0 0 3733934 5498252 0 0 368896 1369663 1933065 5103597 7431317 -512468 2606424 7290497 9967708 422216 493003 6868281 9474705 X THREAD HARNESSES THE POWER OF RELATIONSHIPS TO CREATE A NEW SOCIAL FABRIC OF DIVERSE INDIVIDUALS DEEPLY ENGAGED WITH YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS. OUR COMMUNITY IS COMMITTED TO ENDING SOCIAL ISOLATION AND BUILDING A MORE EQUITABLE CULTURE IN WHICH EVERYONE THRIVES. 0 0 6352413 3509 THREAD INTERVENES IN THE 9TH GRADE AND DISRUPTS THE PATTERN OF ISOLATION THAT LEADS TO ACADEMIC UNDERPERFORMANCE, ENROLLING STUDENTS WHO RANK IN THE BOTTOM 25% OF THEIR CLASS AND WHO FACE AN ABUNDANCE OF CHALLENGES OUTSIDE OF THE CLASSROOM. STUDENTS REMAIN IN THREAD FOR 10 YEARS, SURROUNDED BY A GROUP OF UP TO FOUR VOLUNTEERS - A THREAD FAMILY - THAT PROVIDES THE STUDENT WITH CONTINUOUS SUPPORT AND INCREASED ACCESS TO COMMUNITY RESOURCES WHILE DEEPLY ENRICHING THE LIVES OF COMMITTED VOLUNTEERS. ONCE ENROLLED, THREAD COMMITS TO NEVER GIVING UP ON A SINGLE STUDENT, AND OUR STUDENTS CONSISTENTLY DEFY THE ODDS. THREAD STUDENTS COMPLETE HIGH SCHOOL AT A RATE TEN TIMES THAT OF SIMILAR PEERS. 6352413 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 1 0 0 0 1 11 0 1 81 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MD X X SARAH HEMMINGER 4106608343 2401 LIBERTY HEIGHTS AVENUE BALTIMORE MD 21215 JEFF COHEN CO-CHAIR 8.00 X 0 0 0 AARON COPELAND CO-CHAIR 8.00 X 0 0 0 HEATHER BENZ SECRETARY 2.00 X 0 0 0 KRISHNA POTARAZU TREASURER 2.00 X 0 0 0 CHERYL BOYER BOARD MEMBER 2.00 X 0 0 0 RYAN HEMMINGER BOARD MEMBER 2.00 X 0 0 0 JAN HOUBOLT BOARD MEMBER 2.00 X 0 0 0 MARJORIE RODGERS CHESHIRE BOARD MEMBER 2.00 X 0 0 0 MICHELLE LEFF BOARD MEMBER 2.00 X 0 0 0 DHAUJEE ROSE BOARD MEMBER 2.00 X 0 0 0 DESTINY-SIMONE RAMJOHN PHD BOARD MEMBER 2.00 X 0 0 0 BARRY WILLIAMS BOARD MEMBER 2.00 X 0 0 0 ANGEL PEREZ BOARD MEMBER 2.00 X 0 0 0 SARAH HEMMINGER CEO & CO-FOUNDER 60.00 X 232957 0 3183 ALLISON BUCHALTER VP OF INVOLVEMENT 50.00 X 175295 0 17262 NICHOLAS GREER VP OF INTERCONNECTION 50.00 X 177331 0 6595 ROLAND SELBY MANAGING DIRECTOR, INVESTMENT 40.00 X 155939 0 7375 JORDAN WAGNER DIRECTOR OF DATA STRATEGY AND OPERATIONS 40.00 X 124328 0 5613 865850 0 40028 5 0 1 0 0 785000 9138571 121105 9923571 117804 117804 113962 121105 -7143 -7143 -7143 OTHER INCOME 900099 3509 3509 3509 10037741 3509 0 110661 217351 141278 21735 54338 4431873 3845158 382155 204560 487557 418052 42355 27150 361471 309940 31402 20129 18935 18935 564093 391143 154308 18642 10990 9911 1079 11169 8502 2012 655 78163 69614 4663 3886 175010 169107 1427 4476 192506 191131 750 625 50462 44911 3028 2523 FOOD 372871 356391 3864 12616 SUPPLIES 178760 165683 4994 8083 CONTRACTED LABOR 107716 92360 9358 5998 ADMISSIONS 46433 45967 17 449 125957 93265 29005 3687 7431317 6352413 710008 368896 366908 124671 4265978 5256646 677701 2831020 156347 77058 194078 135765 23563 58313 1800000 1620000 7290497 9967708 422216 493003 422216 493003 X 5913613 6643685 954668 2831020 6868281 9474705 7290497 9967708 2606424 0 X X 0 1 X 1 0 X 8099259 3079148 2887785 4587420 9923571 28577183 8099259 3079148 2887785 4587420 9923571 28577183 11059031 17518152 1202 1998 1309 1657 117804 123970 54418 3867 3509 61794 28762947 0.60910 0.53790 X SCHEDULE A, PART II, LINE 1, COLUMN (D) LINE 1 EXCLUDES FORGIVEN PAYCHECK PROTECTION PROGRAM FUNDS OF $616,990 AS REPORTED ON THE 2020 FORM 990, PART VIII LINE 1E, AS THE NATURE OF THIS INCOME IS UNUSUAL AND NOT LIKELY TO REPEAT IN THE FUTURE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137818 79505 58313 56260 56260 0 58313 10218941 181200 181200 10037741 0 10037741 7612517 181200 181200 7431317 0 7431317 X X X X X X 0 0 0 1 0 0 0 0 0 SARAH HEMMINGER CEO & CO-FOUNDER 232957 0 0 0 0 0 0 0 3183 0 236140 0 0 0 ALLISON BUCHALTER VP OF INVOLVEMENT 159795 0 15500 0 0 0 4506 0 12756 0 192557 0 0 0 NICHOLAS GREER VP OF INTERCONNECTION 161831 0 15500 0 0 0 4506 0 2089 0 183926 0 0 0 ROLAND SELBY MANAGING DIRECTOR, INVESTMENT 135439 0 20500 0 0 0 0 0 7375 0 163314 0 0 0 PART I, LINE 5 A PORTION OF EMPLOYEE BONUSES MAY BE DEPENDENT UPON ACHIEVING SET REVENUE GOALS FOR THE FISCAL YEAR. SARAH HEMMINGER CHIEF EXECUTIVE OFFICER 217350 RYAN HEMMINGER IS A MEMBER OF THE BOARD OF DIRECTORS AND CO-FOUNDER OF THE ORGANIZATION. THE ORGANIZATION EMPLOYS SARAH HEMMINGER AS CHIEF EXECUTIVE OFFICER. MR. AND DR. HEMMINGER ARE MARRIED. 0 X 1 121105 MARKET QUOTE 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 SARAH HEMMINGER, WHO IS THE CEO, HAS A FAMILY RELATIONSHIP WITH RYAN HEMMINGER, WHO IS A MEMBER OF THE BOARD OF DIRECTORS AND CO-FOUNDER OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE CEO AND FINANCE COMMITTEE BEFORE IT IS FILED. A FULL COPY OF THE FORM 990 IS ALSO EMAILED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BYLAWS REQUIRE A YEARLY CONFLICT OF INTEREST STATEMENT TO BE SIGNED BY THE OFFICERS AND BOARD OF DIRECTORS. THIS CONFLICT OF INTEREST STATEMENT IS SIGNED AT THE FIRST BOARD MEETING OF THE YEAR IN THE FIRST FISCAL QUARTER OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS REVIEWED AND APPROVED BY BOARD OF DIRECTORS. TOP MANAGEMENT IS REVIEWED AND DETERMINED BY THE CEO AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE ORGANIZATION UPON REQUEST. THEY ARE ALSO AVAILABLE FROM THE OFFICE OF THE SECRETARY OF THE STATE FILED WITH OUR ANNUAL MARYLAND CHARITABLE REGISTRATION. OUR CONFLICT OF INTEREST POLICY IS AVAILABLE FOR INSPECTION AT THE ORGANIZATION UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE WHICH ASSUMES RESPONSIBILITY FOR THE AUDIT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS DURING THE YEAR OR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT DURING THE YEAR. THRIVE SOFTWARE INC 6 SEABERRY CT LUTHERVILLE MD 21093 823962480 SOFTWARE DEVELOPER MD N/A C 0.28570 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1