2025-04-21T07:27:25-05:00 2024-06-30 521003788 KATZ ABOSCH 9690 DEERECO RD STE 500 TIMONIUM MD 21093 990 2023-07-01 841700955 THREAD INC THRE 4106608343 3201 TIOGA PARKWAY P BALTIMORE MD 21215 DR SARAH HEMMINGER CHIEF EXECUTIVE OFFICER 4106608343 2025-04-17 1 1 LAUREN K OWOC CPA P01525941 4108286432 2023 2025-03-06 01:10:19Z X DR SARAH HEMMINGER 3201 TIOGA PARKWAY P BALTIMORE MD 21215 8237060 0 X WWW.THREAD.ORG X 2006 MD SUPPORTS YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS. 12 11 83 814 0 0 9923571 7969893 0 0 110661 243439 3509 23728 10037741 8237060 0 0 0 0 5498252 6524764 0 0 443872 1933065 2562301 7431317 9087065 2606424 -850005 9967708 14627015 493003 739828 9474705 13887187 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 7870403 23728 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. 7870403 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 0 0 0 0 1 16 0 1 83 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X SARAH HEMMINGER 4106608343 3201 TIOGA PARKWAY STE P BALTIMORE MD 21215 AARON COPELAND CHAIR 8.00 X 0 0 0 HEATHER BENZ BOARD MEMBER 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 SECRETARY 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 SARAH HEMMINGER CEO & CO-FOUNDER 60.00 X 235093 0 8180 ALLISON BUCHALTER EVP OF INVOLVEMENT 50.00 X 171558 0 22075 ROLAND SELBY JR MNG DIRECTOR OF INVESTMENT 40.00 X 126575 0 6297 CHARLES SMITH VP OF INTERACTION 40.00 X 133127 0 10232 JOSEPH AZZARELLO DIRECTOR 40.00 X 118102 0 5534 JORDAN WAGNER DIRECTOR OF DATA STRATEGY & OPS 40.00 X 116591 0 3823 901046 0 56141 16 0 1 0 PERFECTIVELY ME LIVING LLC 5713 NORTH CHARLES ST BALTIMORE MD 21210 OPTIMIZE TEAM STRUCUTRES, POLICIES, PROC 109694 1 1000000 6969893 153863 7969893 243439 243439 FEES FOR SERVICES 900099 23728 23728 23728 8237060 23728 0 243439 240868 156564 24087 60217 5256473 4597231 392515 266727 595530 514823 45300 35407 431893 373477 32730 25686 29491 29491 804651 658198 127931 18522 36532 32879 3653 69041 33413 35598 30 74256 66088 4455 3713 201201 201201 372728 371328 764 636 56855 50601 3411 2843 FOOD 362835 361519 694 622 CONTRACTED LABOR 349155 302055 26390 20710 SUPPLIES 56194 49167 3471 3556 TRAINING 51596 50793 438 365 97766 51066 45515 1185 9087065 7870403 772790 443872 124671 516549 5256646 5439603 2831020 7280351 77058 55566 223438 148492 58313 74946 1620000 1260000 9967708 14627015 493003 739828 493003 739828 X 6643685 6606836 2831020 7280351 9474705 13887187 9967708 14627015 X -850005 5262487 0 X X 0 1 X 1 0 X 3079148 2887785 4587420 15189897 7969893 33714143 3079148 2887785 4587420 15189897 7969893 33714143 14242156 19471987 1998 1309 1657 117804 243439 366207 54418 3867 3509 23728 85522 34165872 0.56990 0.60910 X SCHEDULE A, PART II, LINE 1 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 167178 92232 74946 56260 56260 0 74946 8418260 181200 181200 8237060 0 8237060 9268265 181200 181200 9087065 0 9087065 X X X X X X 1 0 0 1 0 0 0 0 0 SARAH HEMMINGER CEO & CO-FOUNDER 208544 0 23592 0 2957 0 7686 0 494 0 243273 0 0 0 ALLISON BUCHALTER EVP OF INVOLVEMENT 156832 0 14726 0 0 0 5865 0 16210 0 193633 0 0 0 PART I, LINE 4A ROLAND SELBY JR. RECEIVED SOME COMPENSATION BEYOND HIS LAST DAY AS AN EMPLOYEE IN CONSIDERATION FOR PAST CONTRIBUTIONS, INCLUDED IN HIS COMPENSATION REPORTED ON FORM 990, PART VII, SECTION A, COLUMN F. 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 240868 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 153863 MARKET QUOTE 0 0 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 AUDIT 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. 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 AN AUDIT 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. FORM 990, PART XI, LINE 8: THIS ADJUSTMENT IS BEING MADE TO RECORD PLEDGED CONTRIBUTIONS RECEIVABLE INCLUDED IN THE FINANCIAL STATEMENTS REVENUE AS OF JUNE 30, 2023, THAT WAS NOT INCLUDED ON THE 2022 FORM 990. THIS ADJUSTMENT HAS NO FURTHER TAX EFFECT ON THE ORGANIZATION FOR THE YEAR ENDED JUNE 30, 2024.