Nonprofit · EIN 99-3508650
COMMON THREADS MUSIC AND CRAFT INC
Tax-exempt · MEDFORD, MA 02155
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $7,285 | $3,109 | $4,176 | $4,176 | $3,147 | $1,029 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $7,285
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Occupancy
- $2,590
- Other expenses
- $519
- Program services (functional)
- $2,590
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $4,176
- Total liabilities, end of year
- $3,147
- Net assets, end of year
- $1,029
- Cash, savings and investments
- $4,176
- Gross receipts
- $7,285
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Stewart | President | 2 | $0 |
| Rosalind Buda | Treasurer | 2 | $0 |
| Emily O'Brien | Clerk | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 117 GOVERNORS AVE, MEDFORD, MA 02155-3015
- In care of
- % EMILY OBRIEN
- Signed the 990-EZ
- Emily O'Brien, Clerk
- Phone
- (617) 447-1114
Mission
Common Threads Music and Craft runs educational programming that fosters community through music and fiber arts, and brings to life the histories and traditions embodied by these arts.
Program accomplishments
- Our central focus is the Common Threads retreat, held for the first time in February of 2025. In 2024, we began the process of planning the event and securing staff and space and began accepting participant registrations. The expense here is the deposit for our event venue.Expenses $2,590
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-3508650
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $4,176
- Income (IRS master file)
- $7,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $7,285 | $3,109 | $4,176 | 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 99-3508650).
Questions about COMMON THREADS MUSIC AND CRAFT INC
- What is the EIN of COMMON THREADS MUSIC AND CRAFT INC?
- The employer identification number (EIN) of COMMON THREADS MUSIC AND CRAFT INC is 99-3508650.
- Is COMMON THREADS MUSIC AND CRAFT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to COMMON THREADS MUSIC AND CRAFT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMON THREADS MUSIC AND CRAFT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of COMMON THREADS MUSIC AND CRAFT INC 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 THREADS MUSIC AND CRAFT INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of COMMON THREADS MUSIC AND CRAFT INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does COMMON THREADS MUSIC AND CRAFT INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $7,285, expenses of $3,109 and total assets of $4,176 at year end.
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