Nonprofit · EIN 45-3731519
COMMON THREAD COMMUNITY
Tax-exempt (reinstated) · HOMEWOOD, AL 35209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $709,288 | $565,792 | $143,496 | $3,840,815 | $3,001,963 | $838,852 |
| December 31, 2023 | 990 | $1,548,680 | $1,657,077 | -$108,397 | $1,830,609 | $1,135,253 | $695,356 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $538,363
- of which government grants
- $234,076
- Program service revenue
- $170,925
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $36,133
- Other salaries and wages
- $122,761
- Salaries, compensation and benefits (total)
- $196,860
- Professional fundraising fees
- $0
- Legal fees
- $43,077
- Occupancy
- $74,127
- Travel
- $6,212
- Program services (functional)
- $480,102
- Management and general (functional)
- $85,690
Balance sheet and other
- Total assets, start of year
- $1,830,609
- Total assets, end of year
- $3,840,815
- Total liabilities, end of year
- $3,001,963
- Net assets, end of year
- $838,852
- Land, buildings and equipment
- $2,377,155
- Net assets without donor restrictions
- $838,852
- Gross receipts
- $709,288
- Employees
- 9
- Volunteers
- 250
- Year formed
- 2011
- State of legal domicile
- AL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS CRAWFORD | PRESIDENTTREASURER Trustee or director, Officer | 40 | $41,697 |
| JEFFREY HUEY | BOARD MEMBER Trustee or director, Officer | 10 | $0 |
| LIBBY LASSITER | BOARD CHAIR Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS CRAWFORD | PRESIDENTTREASURER Trustee or director, Officer | 40 | $95,644 |
| LIBBY LASSITER | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| JEFFREY HUEY | BOARD MEMBER Trustee or director, Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 174 OXMOOR RD, HOMEWOOD, AL 35209-5941
- In care of
- % NICHOLAS CRAWFORD
- Principal officer (990 for 2024)
- NICHOLAS CRAWFORD, 174 OXMOOR ROAD, HOMEWOOD, AL 35209
- Signed the 990
- NICHOLAS CRAWFORD, EXECUTIVE DIRECTOR
- Phone
- (901) 485-2468
- Website
- COMMONTHREAD.ORG
- Return prepared by
- Jajeh Financial
Mission
A COMMUNITY ON MISSION TOGETHER TO REACH THE LOST & POOR. WE DO THIS THROUGH MARKETPLACE ACTIVITIES & COMMUNITY AND SOCIOECONOMIC INVOLVEMENT. WE CREATE SPACES WHERE NONPROFITS & MISSION-DRIVEN ENTREPRENEURS GROW WHILE MEETING THE NEEDS OF RESIDENTS IN UNDERSERVED COMMUNITIES.
Program accomplishments
- WE CREATE SPACES WHERE NONPROFITS AND MISSION-DRIVEN ENTREPRENEURS CAN GROW WHILE MEETING THE NEEDS OF RESIDENTS IN HISTORICALLY UNDERSERVED NEIGHBORHOODS. OUR COMMUNITY HUBS SUPPORT SMALL BUSINESSES, EDUCATIONAL ENTITIES, WORKFORCE DEVELOPMENT PROGRAMS, AND WELLNESS PROVIDERS IN UNIQUE VENUES THAT ARE CONVENIENT AND ACCESSIBLE.Expenses $480,102 · revenue $709,288
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3731519
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $3,840,815
- Income (IRS master file)
- $709,288
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- February 9, 2015
- Reinstated
- Effective May 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $709,288 | $565,792 | $3,840,815 | XML |
| 990 | December 2023 | $1,548,680 | $1,657,077 | $1,830,609 | XML |
| 990 | December 2022 | $2,590,892 | $2,548,577 | $3,477,690 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 45-3731519).
Questions about COMMON THREAD COMMUNITY
- What is the EIN of COMMON THREAD COMMUNITY?
- The employer identification number (EIN) of COMMON THREAD COMMUNITY is 45-3731519.
- Is COMMON THREAD COMMUNITY tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
- Are donations to COMMON THREAD COMMUNITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMON THREAD COMMUNITY 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 COMMON THREAD COMMUNITY 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 COMMON THREAD COMMUNITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMON THREAD COMMUNITY?
- The 990 for the year ended December 31, 2024 names NICHOLAS CRAWFORD.
- Who are the officers and directors of COMMON THREAD COMMUNITY?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $41,697 (NICHOLAS CRAWFORD, PRESIDENTTREASURER).
- How much revenue does COMMON THREAD COMMUNITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $709,288, expenses of $565,792 and total assets of $3,840,815 at year end.
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