Nonprofit · EIN 84-1700955
THREAD INC
Tax-exempt · BALTIMORE, MD 21215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,327,000 | $10,521,931 | -$5,194,931 | $9,505,296 | $813,040 | $8,692,256 |
| June 30, 2024 | 990 | $8,237,060 | $9,087,065 | -$850,005 | $14,627,015 | $739,828 | $13,887,187 |
| June 30, 2023 | 990 | $10,037,741 | $7,431,317 | $2,606,424 | $9,967,708 | $493,003 | $9,474,705 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,117,806
- of which government grants
- $1,000,000
- Program service revenue
- $0
- Investment income
- $209,044
- Other revenue
- $150
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $244,688
- Other salaries and wages
- $6,177,663
- Salaries, compensation and benefits (total)
- $7,874,407
- Professional fundraising fees
- $0
- Legal fees
- $10,343
- Accounting fees
- $43,450
- Occupancy
- $58,545
- Depreciation
- $403,837
- Program services (functional)
- $9,370,733
- Management and general (functional)
- $588,660
- Fundraising (functional)
- $562,538
Balance sheet and other
- Total assets, start of year
- $14,627,015
- Total assets, end of year
- $9,505,296
- Total liabilities, end of year
- $813,040
- Net assets, end of year
- $8,692,256
- Land, buildings and equipment
- $144,305
- Net assets without donor restrictions
- $5,323,821
- Net assets with donor restrictions
- $3,368,435
- Gross receipts
- $5,327,000
- Employees
- 88
- Volunteers
- 1,068
- Year formed
- 2006
- State of legal domicile
- MD
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH HEMMINGER | CEO & CO-FOUNDER Trustee or director, Officer | 60 | $244,169 | $6,521 |
| ALLISON BUCHALTER | EVP OF INVOLVEMENT Highest-paid employee | 50 | $200,355 | $19,140 |
| BRIAN HALE | VP OF TECHNOLOGY Highest-paid employee | 40 | $169,386 | $13,895 |
| CHARLES SMITH | VP OF INTERACTION Highest-paid employee | 40 | $145,217 | $13,349 |
| JORDAN WAGNER | DIRECTOR OF DATA STARTEGY & OPS Highest-paid employee | 40 | $122,590 | $3,400 |
| ERIC CHAPMAN | VP OF COMMUNITIES Highest-paid employee | 40 | $121,408 | $3,931 |
| AARON COPELAND | CHAIR Trustee or director | 8 | $0 | $0 |
| BARRY WILLIAMS | VICE CHAIR Trustee or director | 2 | $0 | $0 |
| KRISHNA POTARAZU | TREASURER Trustee or director | 2 | $0 | $0 |
| CHERYL BOYER | SECRETARY Trustee or director | 2 | $0 | $0 |
| HEATHER BENZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RYAN HEMMINGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAN HOUBOLT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARJORIE RODGERS CHESHIRE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DHAUJEE ROSE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DESTINY-SIMONE RAMJOHN PHD | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH HEMMINGER | CEO & CO-FOUNDER Officer | 60 | $235,093 | $8,180 |
| ALLISON BUCHALTER | EVP OF INVOLVEMENT Highest-paid employee | 50 | $171,558 | $22,075 |
| CHARLES SMITH | VP OF INTERACTION Highest-paid employee | 40 | $133,127 | $10,232 |
| ROLAND SELBY JR | MNG DIRECTOR OF INVESTMENT Highest-paid employee | 40 | $126,575 | $6,297 |
| JOSEPH AZZARELLO | DIRECTOR Highest-paid employee | 40 | $118,102 | $5,534 |
| JORDAN WAGNER | DIRECTOR OF DATA STRATEGY & OPS Highest-paid employee | 40 | $116,591 | $3,823 |
| AARON COPELAND | CHAIR Trustee or director | 8 | $0 | $0 |
| HEATHER BENZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KRISHNA POTARAZU | TREASURER Trustee or director | 2 | $0 | $0 |
| CHERYL BOYER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RYAN HEMMINGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAN HOUBOLT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARJORIE RODGERS CHESHIRE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHELLE LEFF | SECRETARY Trustee or director | 2 | $0 | $0 |
| DHAUJEE ROSE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DESTINY-SIMONE RAMJOHN PHD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BARRY WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH HEMMINGER | CEO & CO-FOUNDER Officer | 60 | $232,957 | $3,183 |
| ALLISON BUCHALTER | VP OF INVOLVEMENT Highest-paid employee | 50 | $175,295 | $17,262 |
| NICHOLAS GREER | VP OF INTERCONNECTION Highest-paid employee | 50 | $177,331 | $6,595 |
| ROLAND SELBY | MANAGING DIRECTOR, INVESTMENT Highest-paid employee | 40 | $155,939 | $7,375 |
| JORDAN WAGNER | DIRECTOR OF DATA STRATEGY AND OPERATIONS Highest-paid employee | 40 | $124,328 | $5,613 |
| JEFF COHEN | CO-CHAIR Trustee or director | 8 | $0 | $0 |
| AARON COPELAND | CO-CHAIR Trustee or director | 8 | $0 | $0 |
| HEATHER BENZ | SECRETARY Trustee or director | 2 | $0 | $0 |
| KRISHNA POTARAZU | TREASURER Trustee or director | 2 | $0 | $0 |
| CHERYL BOYER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| RYAN HEMMINGER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAN HOUBOLT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARJORIE RODGERS CHESHIRE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHELLE LEFF | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DHAUJEE ROSE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DESTINY-SIMONE RAMJOHN PHD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BARRY WILLIAMS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ANGEL PEREZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3201 TIOGA PKWY, BALTIMORE, MD 21215-7987
- In care of
- % SARAH HEMMINGER
- Principal officer (990 for 2024)
- DR SARAH HEMMINGER, 3201 TIOGA PARKWAY P, BALTIMORE, MD 21215
- Signed the 990
- DR SARAH HEMMINGER, CHIEF EXECUTIVE OFFICER
- Phone
- (410) 660-8343
- Website
- WWW.THREAD.ORG
- Return prepared by
- KATZ ABOSCH
Mission
THREAD HARNESSES THE POWER OF RELATIONSHIPS TO CREATE A NEW SOCIAL FABRIC OF DIVERSE INDIVIDUALS DEEPLY ENGAGED WITH YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY & ACHIEVEMENT GAPS. OUR COMMUNITY IS COMMITTED TO BUILDING A MORE EQUITABLE CULTURE WHERE EVERYONE THRIVES.
Program accomplishments
- THREAD ENROLLS THE MOST ACADEMICALLY UNDERPERFORMING 9TH GRADE STUDENTS IN BALTIMORE CITY SCHOOLS, MAKES A 10-YEAR COMMITMENT TO THEM, & EQUIPS THEM WITH THE TOOLS & RESOURCES NEEDED TO COMPLETE HIGH SCHOOL, PURSUE A POST-HS PATHWAY, ACHIEVE SELF-EFFICACY & EXPERIENCE UPWARD ECONOMIC MOBILITY. THREAD PAIRS EACH YOUNG PERSON WITH A GROUP OF VOLUNTEERS THAT SUPPORT THEM & THEIR HOUSEHOLD. THIS INDIVIDUALIZED SUPPORT IS COMPLEMENTED BY GROUP PROGRAMMING WHERE STUDENTS & VOLUNTEERS EXPLORE THEIR PASSIONS, HONE THEIR SKILLS, & REALIZE HOW TO APPLY THEM IN THE WORLD. PRO-BONO COLLABORATORS ALSO PROVIDE EXPERTISE & SUPPORT WITH LEGAL, HEALTHCARE, HOUSING, TRANSPORTATION, CHILDCARE & EMPLOYMENT OPPORTUNITIES & BARRIERS. THIS COMPREHENSIVE APPROACH FACILITATES BUILDING RECIPROCAL, LASTING RELATIONSHIPS THAT TRANSFORM LIVES.Expenses $9,370,733 · revenue $150
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1700955
- 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
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O99)
- Assets (IRS master file)
- $9,505,296
- Income (IRS master file)
- $5,327,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,327,000 | $10,521,931 | $9,505,296 | IRS |
| 990 | June 2024 | $8,237,060 | $9,087,065 | $14,627,015 | XML |
| 990 | June 2023 | $10,037,741 | $7,431,317 | $9,967,708 | XML |
| 990 | June 2022 | $4,591,129 | $5,103,597 | $7,290,497 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 84-1700955).
Questions about THREAD INC
- What is the EIN of THREAD INC?
- The employer identification number (EIN) of THREAD INC is 84-1700955.
- Is THREAD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to THREAD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 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 THREAD INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THREAD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THREAD INC?
- The 990 for the year ended June 30, 2025 names DR SARAH HEMMINGER.
- Who are the officers and directors of THREAD INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 6 received compensation from the organization, the highest $244,169 (SARAH HEMMINGER, CEO & CO-FOUNDER).
- How much revenue does THREAD INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,327,000, expenses of $10,521,931 and total assets of $9,505,296 at year end.
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