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Nonprofit · EIN 46-1695943

PEACE OF THREAD INCORPORATED

Tax-exempt · GRAYSON, GA 30017

Financials

$52K$104K2023$16K$70K2024
Revenue Expenses · by fiscal year end
Financials of PEACE OF THREAD INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$15,861$69,699-$53,838$9,188$36,421-$27,233
December 31, 2023990$52,300$103,951-$51,651$27,246$641$26,605
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$13,948
of which government grants
$13,948
Program service revenue
$0
Investment income
$0
Net income from sales of inventory
$1,913
Other revenue
$1,913

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$19,373
Other salaries and wages
$20,123
Salaries, compensation and benefits (total)
$42,517
Professional fundraising fees
$0
Accounting fees
$409
Occupancy
$7,264
Travel
$1,579
Program services (functional)
$69,699

Balance sheet and other

Total assets, start of year
$27,246
Total assets, end of year
$9,188
Total liabilities, end of year
$36,421
Net assets, end of year
-$27,233
Net assets without donor restrictions
-$27,233
Gross receipts
$100,160
Employees
3
Year formed
2014
State of legal domicile
GA

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.

NameTitleHours / weekCompensation
DENISE SMITHPRESIDENT
Officer
40$19,373
990 for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
DENISE SMITHPRESIDENT
Officer
40$24,432

Address and contacts

Address (IRS master file)
195 AMBERBROOK CIR, GRAYSON, GA 30017-1822
In care of
% DENISE SMITH
Mailing address (990-N for 2013)
195 Amberbrook Circle, Grayson GA 30017
Principal officer (990 for 2024)
DENISE SMITH, 195 AMBERBROOK CIRCLE, GRAYSON, GA 30017
Principal officer (990-N for 2013)
Denise Smith, 195 Amberbrook Circle, Grayson GA 30017
Signed the 990
DENISE SMITH, PRESIDENT
Phone
(678) 707-2780
Return prepared by
ATTAWAY LINVILLE PC

Mission

TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS

990 for the year ended December 31, 2024

Program accomplishments

  • MAKING HIGH QUALITY BAGS TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS
    Expenses $27,930
  • MAKING HIGH QUALITY BAGS TO EMPLOY UNEMPLOYABLE WOMEN IN VULNERABLE POPULATIONS, PROVIDING THEM WITH INCOME, PRACTICE USING ENGLISH, AND JOB SKILLS
    Expenses $41,769

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-1695943
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P84)
Assets (IRS master file)
$9,188
Income (IRS master file)
$100,160

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$15,861$69,699$9,188IRS
990December 2023$52,300$103,951$27,246XML
990December 2022$99,265$83,651$78,897IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS
990-EZDecember 2017–––IRS
990-N for 2013
Officer: Denise Smith
December 31, 2013≤ $50,000 receipts––e-Postcard

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 46-1695943).

Questions about PEACE OF THREAD INCORPORATED

What is the EIN of PEACE OF THREAD INCORPORATED?
The employer identification number (EIN) of PEACE OF THREAD INCORPORATED is 46-1695943.
Is PEACE OF THREAD INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to PEACE OF THREAD INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PEACE OF THREAD INCORPORATED 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 PEACE OF THREAD INCORPORATED 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 PEACE OF THREAD INCORPORATED 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 PEACE OF THREAD INCORPORATED?
The 990 for the year ended December 31, 2024 names DENISE SMITH.
Who are the officers and directors of PEACE OF THREAD INCORPORATED?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $19,373 (DENISE SMITH, PRESIDENT).
How much revenue does PEACE OF THREAD INCORPORATED have?
On its 990 for the year ended December 31, 2024 it reported revenue of $15,861, expenses of $69,699 and total assets of $9,188 at year end.

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