Nonprofit · EIN 83-3464773
BINDING THREAD INC
Tax-exempt · EVANSVILLE, IN 47714
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $890,389 | $830,294 | $60,095 | $778,813 | $0 | $778,813 |
| December 31, 2024 | 990 | $780,324 | $684,072 | $96,252 | $718,718 | $0 | $718,718 |
| December 31, 2023 | 990 | $927,268 | $653,266 | $274,002 | $628,816 | $6,350 | $622,466 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $842,724
- Program service revenue
- $28,601
- Investment income
- $19,064
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $729,342
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $830,294
Balance sheet and other
- Total assets, start of year
- $718,718
- Total assets, end of year
- $778,813
- Total liabilities, end of year
- $0
- Net assets, end of year
- $778,813
- Net assets without donor restrictions
- $778,813
- Gross receipts
- $890,389
- Employees
- 0
- Year formed
- 2019
- State of legal domicile
- IN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON RUGANI | Executive Director Trustee or director | 10 | $7,388 |
| BETH TROMLEY | Shop Manager Trustee or director | 0 | $0 |
| ASHLEY DYE | Advisor Trustee or director | 0 | $0 |
| ZACH SNYDER | Advisor Trustee or director | 0 | $0 |
| NIKKI LEONARD | Advisor Trustee or director | 0 | $0 |
| MICHELE CROWLEY-WATKINS | Advisor Trustee or director | 0 | $0 |
| ALLISON RUGANI | Connection Director Officer | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON RUGANI | Executive Director Trustee or director | 0 | $0 |
| BETH TROMLEY | Shop Manager Trustee or director | 0 | $0 |
| ASHLEY DYE | Advisor Trustee or director | 0 | $0 |
| ZACH SNYDER | Advisor Trustee or director | 0 | $0 |
| NIKKI LEONARD | Advisor Trustee or director | 0 | $0 |
| MICHELE CROWLEY-WATKINS | Advisor Trustee or director | 0 | $0 |
| ALLISON RUGANI | Connection Director Officer | 0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON RUGANI | Executive Director Trustee or director | – | $0 |
| DONNA CARR | Volunteer Director Officer | – | $0 |
| ALLISON RUGANI | Connection Director Officer | – | $0 |
| BETH TROMLEY | Shop Manager Trustee or director | – | $0 |
| ASHLEY DYE | Advisor Trustee or director | – | $0 |
| ZACH SNYDER | Advisor Trustee or director | – | $0 |
| NIKKI LEONARD | Advisor Trustee or director | – | $0 |
| MICHELE CROWLEY-WATKINS | Advisor Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 703 S WILLOW RD, EVANSVILLE, IN 47714-1924
- In care of
- % JASON RUGANI
- Principal officer (990 for 2025)
- Binding Thread Inc, 703 S Willow Rd, Evansville, IN 47714
- Signed the 990
- JASON RUGANI, Executive Director
- Phone
- (812) 568-0330
- Website
- www.bindingthread.org
Mission
Organization dedicated to relief of the poor, the distressed, and the underprivileged by providing basic needs to orphans through collection and distribution of resources on a regular and consistent basis.
Program accomplishments
- Provide food, clothing, housing, and education to widows and orphans in Myanmar through local collection from donors in the USExpenses $813,375
- Provide food, clothing, housing, and education to at risk women in Myanmar through local collection from donors in the USExpenses $16,919
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 | 990 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
- 83-3464773
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P30)
- Assets (IRS master file)
- $778,813
- Income (IRS master file)
- $890,389
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $890,389 | $830,294 | $778,813 | XML |
| 990 | December 2024 | $780,324 | $684,072 | $718,718 | XML |
| 990 | December 2023 | $927,268 | $653,266 | $628,816 | XML |
| 990 | December 2022 | $668,201 | $767,604 | $399,108 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-3464773).
Questions about BINDING THREAD INC
- What is the EIN of BINDING THREAD INC?
- The employer identification number (EIN) of BINDING THREAD INC is 83-3464773.
- Is BINDING THREAD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to BINDING THREAD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BINDING THREAD 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 BINDING THREAD INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BINDING THREAD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BINDING THREAD INC?
- The 990 for the year ended December 31, 2025 names Binding Thread Inc.
- Who are the officers and directors of BINDING THREAD INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $7,388 (JASON RUGANI, Executive Director).
- How much revenue does BINDING THREAD INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $890,389, expenses of $830,294 and total assets of $778,813 at year end.
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