2026-06-29T14:37:24-07:00 2025-12-31 990EZ 2025-01-01 341921602 OPEN THREADS f/k/a Esperanza Threads Inc OPEN 2169619009 1370 West 69th Street Cleveland OH 44102 Sanket Patel Finance Chair 4193103284 2026-06-27 2025 2025-03-06 01:10:19Z X www.open-threads.org X X 147474 X 100504 19221 0 208 7509 990 6519 0 17738 2300 15438 2044 1022 1022 250 143162 0 0 13189 66414 26849 8 21664 128124 15038 44919 -8843 51114 X 33157 50837 0 0 12668 751 45825 51588 906 474 44919 51114 X Open Threads a nonprofit organization charted in the State of Ohio in 1971. The mission of Open Threads is to provide sewing skill training and finding employment. Open Threads uses 100% sustainable fabric designs. They made products for adults, youths, babies as well as beds, baths and kitchens while touting the fact that they are a non-profit training facility teaching those needing skills for employment how to sew on industrial machines. Open Threads operates an industrial sewing job training and job placement program for low-income individuals, including Clevelanders and migrant refugees new to the city, and operates as an organic clothing manufacturer and retailer. The mission is to provide sewing training leading to good-quality jobs, to assist individuals facing barriers to employment in supporting a family, and to help them build careers through hands-on instruction on industrial sewing machines. 0 83058 83058 Kerem Gencer Executive Director 40 31999 0 0 Sanket Patel Board President and Finance Chair 2 0 0 0 Cassandra Sirl Board Member (resigned 3/13/25) 1 0 0 0 Charles Pointdexter Board Member (resigned 3/2025) 1 19200 0 0 Adam King Board Member 1 0 0 0 Margaret Rice Board Member 2 0 0 0 Jenny Zhang Board Member 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OH Sanket Patel 1370 West 69th Street Cleveland OH 44102 2169619009 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 107660 158000 95311 91049 100504 552524 107660 158000 95311 91049 100504 552524 552524 552524 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Annual Fundraiser 12593 0 12593 0 0 0 0 0 1633 Bingo Night 5145 0 5145 0 0 0 0 0 667 0 17738 0 17738 0 0 0 0 0 2300 2300 15438 Form 990-EZ, Part I, Line 8 Miscellaneous Income Form 990-EZ, Part I, Line 16 Description;Amount^Advertising & Promotion;776|Donations;-189|Bank Service Charges;306|Credit Card Fees;539|Depreciation;778|Insurance (D&O + Workers comp);1631|Licenses & Fees;89|Office Expenses;2966|Telephone & Internet;1710|Travel & Meals;191|Training (stipends, supplies, refreshments);2958|Inventory Write off;9899|Investment Fees;10^Total;21664^ Form 990-EZ, Part I, Line 20 Description;Amount^Unrealized gainloss on assets;-8843^Total;-8843^ Form 990-EZ, Part II, Line 24 Description;EOY Amount^Accounts Receivable;584|Equipment Net;167^Total;751^ Form 990-EZ, Part II, Line 26 Description;EOY Amount^Capital One VISA Credit Card;45|Ohio Business Gateway Payable;195|Sales Tax Payable;234^Total;474^ Form 990-EZ, Part III, Line (28-31) Open Threads operates an industrial sewing job training and job placement program for low-income individuals, including Clevelanders and migrant refugees new to the city, and operates as an organic clothing manufacturer and retailer. The mission is to provide sewing training leading to good-quality jobs, to assist individuals facing barriers to employment in supporting a family, and to help them build careers through hands-on instruction on industrial sewing machines. The organization's 2025 Form 990-EZ was filed after the May 15, 2026 due date because the certified public accountant who had prepared the organization's returns in the past sold her practice and terminated the engagement during the filing cycle, before an extension was requested on the organization's behalf. The organization has a history of timely filing, acted to come into compliance as soon as it identified the lapse, and has put procedures in place to ensure future returns and extensions are filed on time. The organization respectfully requests that no late-filing penalty be assessed for reasonable cause under IRC section 6652(c).