Nonprofit · EIN 37-1827793
RED THREAD INSTITUTE
Tax-exempt · CARBONDALE, CO 81623
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $163,952 | $153,282 | $10,670 | $3,592 | $114,671 | -$111,079 |
| December 31, 2023 | 990-EZ | $141,682 | $189,567 | -$47,885 | $5,759 | $129,706 | -$123,947 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $161,177
- Net income from sales of inventory
- $2,133
- Other revenue
- $642
Expenses
- Compensation of officers, directors and key employees
- $50,000
- Salaries, compensation and benefits (total)
- $50,000
- Professional fees and payments to contractors
- $875
- Occupancy
- $61,585
- Other expenses
- $40,822
Balance sheet and other
- Total assets, start of year
- $7,957
- Total assets, end of year
- $3,592
- Total liabilities, end of year
- $114,671
- Net assets, end of year
- -$111,079
- Gross receipts
- $167,319
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ishara Sweeney | President Treasurer | 60 | $25,000 |
| Michael Sweeney | Secretary | 60 | $25,000 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ishara Sweeney | President Treasurer | 60 | $25,000 |
| Michael Sweeney | Secretary | 60 | $25,000 |
Address and contacts
- Address (IRS master file)
- 84 CHAIR MOUNTAIN DR, CARBONDALE, CO 81623-9409
- In care of
- % ISHARA SWEENEY
- Signed the 990-EZ
- Michael Sweeney, President
- Return prepared by
- Artisanal Taxes LLC
Mission
Education
Program accomplishments
- Medical Qigong education and clinic. Thousands served.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 37-1827793
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $3,592
- Income (IRS master file)
- $167,319
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $163,952 | $153,282 | $3,592 | XML |
| 990-EZ | December 2023 | $141,682 | $189,567 | $5,759 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1827793).
Questions about RED THREAD INSTITUTE
- What is the EIN of RED THREAD INSTITUTE?
- The employer identification number (EIN) of RED THREAD INSTITUTE is 37-1827793.
- Is RED THREAD INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to RED THREAD INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RED THREAD INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RED THREAD INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RED THREAD INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of RED THREAD INSTITUTE?
- The 990-EZ for the year ended December 31, 2024 lists 2 people; 2 received compensation from the organization, the highest $25,000 (Ishara Sweeney, President Treasurer).
- How much revenue does RED THREAD INSTITUTE have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $163,952, expenses of $153,282 and total assets of $3,592 at year end.
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