Nonprofit · EIN 39-1674150
NEWTHREADS OF HOPE INC
Tax-exempt · WAUWATOSA, WI 53222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $6,180,319 | $5,635,990 | $544,329 | $20,631,359 | $20,921 | $20,610,438 |
| May 31, 2024 | 990 | $3,066,335 | $5,301,304 | -$2,234,969 | $20,085,970 | $19,861 | $20,066,109 |
| May 31, 2023 | 990 | $8,239,416 | $4,894,287 | $3,345,129 | $22,320,030 | $18,952 | $22,301,078 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $6,180,319
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,305,285
- Compensation of officers, directors and key employees
- $67,388
- Other salaries and wages
- $50,447
- Salaries, compensation and benefits (total)
- $146,652
- Professional fundraising fees
- $0
- Occupancy
- $172,265
- Program services (functional)
- $5,570,184
- Management and general (functional)
- $28,214
- Fundraising (functional)
- $37,592
Balance sheet and other
- Total assets, start of year
- $20,085,970
- Total assets, end of year
- $20,631,359
- Total liabilities, end of year
- $20,921
- Net assets, end of year
- $20,610,438
- Net assets without donor restrictions
- $20,610,438
- Gross receipts
- $6,180,319
- Employees
- 2
- Volunteers
- 300
- Year formed
- 1990
- State of legal domicile
- WI
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 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Brand | President Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $67,388 |
| Patrick Byrne | Chairman, Treasurer & Secretary Trustee or director, Officer | 10 | $0 |
| Erica P John | Vice President Trustee or director, Officer | 1 | $0 |
| Armita Harmon | Director Trustee or director | 1 | $0 |
| David Strelitz | Director Trustee or director, Officer | 1 | $0 |
| Kaye Garcia | Director Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Brand | President Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $62,083 |
| Patrick Byrne | Chairman, Treasurer & Secretary Trustee or director, Officer | 10 | $0 |
| Erica P John | Vice President Trustee or director, Officer | 1 | $0 |
| Armita Harmon | Director Trustee or director | 1 | $0 |
| David Strelitz | Director Trustee or director | 1 | $0 |
| Kaye Garcia | Director Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Brand | President Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $78,677 |
| Patrick Byrne | Chairman, Treasurer & Secretary Trustee or director, Officer | 10 | $0 |
| Robert Smith | Director Trustee or director | 1 | $0 |
| Erica P John | Vice President Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3001 N 112TH ST, WAUWATOSA, WI 53222-4204
- In care of
- % DENNIS BRAND
- Principal officer (990 for 2024)
- Megan B Sandberg, 3001 North 112th Street, Wauwatosa, WI 53222
- Signed the 990
- Patrick Byrne, Treasurer
- Phone
- (414) 443-0060
- Website
- www.newthreads.org
Mission
NewThreads of Hope, through its innovative gifts-in-kind program, offers support and a renewed sense of hope by providing brand new clothing, household items and educational materials to the poor, the ill, children and seniors, so that they may live more self-sufficient lives.
Program accomplishments
- The NewThreads of Hope program, the organzation's only program, is a gifts in kind merchandise distribution program. NewThreads solicits and receives donations of brand new clothing, bedding, household goods, books and other softgoods from manufactures, retailers and wholesalers. This merchandise is then warehoused, sorted, processed, and then redistributed through a network of nonprofit and governmental organizations to individuals and families in need. This merchandise must be used for the care of or use of the poor, the sick, children or elderly. Please see Schedule I for a listing of distributions of this gifts in kind merchandise made during the year.Expenses $5,570,184 · grants $5,305,285 · revenue $6,180,319
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1674150
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T300)
- Assets (IRS master file)
- $20,631,359
- Income (IRS master file)
- $6,180,319
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $6,180,319 | $5,635,990 | $20,631,359 | XML |
| 990 | May 2024 | $3,066,335 | $5,301,304 | $20,085,970 | XML |
| 990 | May 2023 | $8,239,416 | $4,894,287 | $22,320,030 | XML |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 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 39-1674150).
Questions about NEWTHREADS OF HOPE INC
- What is the EIN of NEWTHREADS OF HOPE INC?
- The employer identification number (EIN) of NEWTHREADS OF HOPE INC is 39-1674150.
- Is NEWTHREADS OF HOPE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to NEWTHREADS OF HOPE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWTHREADS OF HOPE INC 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 NEWTHREADS OF HOPE INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEWTHREADS OF HOPE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of NEWTHREADS OF HOPE INC?
- The 990 for the year ended May 31, 2025 names Megan B Sandberg.
- Who are the officers and directors of NEWTHREADS OF HOPE INC?
- The 990 for the year ended May 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $67,388 (Dennis Brand, President).
- How much revenue does NEWTHREADS OF HOPE INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $6,180,319, expenses of $5,635,990 and total assets of $20,631,359 at year end.
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