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The Collective Thread

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271334567 ✦ Saint louis, MO ✦ Designated as a 501(c)(3)

Overview

What is The Collective Thread?

The Collective Thread is a nonprofit organization based in Saint Louis, Missouri. Its primary mission is to empower immigrant and refugee women by offering skills training and employment opportunities through commercial sewing classes. The program aims to train 60 women annually in industrial sewing, providing them with job prospects at local businesses in need of sewers. In addition, the organization plans to employ 20 women at its small batch facility to sew for local clothing brands in 2021, with potential expansion in the following years. The Collective Thread's initiatives not only support the local economy but also extend to East Africa, where they have been teaching sewing skills to women for over a decade. The organization's goal is to help women rise out of poverty through employment, while also contributing to the production of USA brands.


Official website here: www.thecollectivethread.org/

Is The Collective Thread legitimate?

The Collective Thread is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Collective Thread submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $378,174

For more financial information, click here


Official website here: www.thecollectivethread.org/

What is the mission statement of The Collective Thread?

The mission of The Collective Thread is centered around empowering women, specifically immigrants and refugees, by providing them with necessary sewing skills training and employment opportunities. To achieve this, The Collective Thread is expanding its current sewing school curriculum to incorporate commercial sewing classes. Each year, they aim to train 60 women in industrial sewing, offering them employment prospects at local businesses in need of sewers. In addition, The Collective Thread plans to employ 20 women in its small batch facility to produce garments for local clothing brands in 2021, with potential for additional managerial roles. For the year 2022, their goal is to double the number of employed individuals at The Collective Thread.


Official website here: www.thecollectivethread.org/

Who is the CEO of The Collective Thread?

Theresa Stipanovich is the Assistant Vice President of The Collective Thread.


Official website here: www.thecollectivethread.org/

What is the revenue of The Collective Thread?

The Collective Thread's revenue in 2022 was $613,130.


Official website here: www.thecollectivethread.org/

Who are the executives of The Collective Thread and what are their salaries?

The average compensation at The Collective Thread during 2022 was $14,545. There are 26 employees and 10 volunteers at The Collective Thread.

Here are 6 key members and their salaries:

    Terri Stipanovich (Treasurer) [Trustee/Director]
  • Compensation: $29,103
  • Related: $0
  • Other: $0

    • Nolan Lovan (Assistant Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Saruul Purvez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Sierra (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sadie Montgomery (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Sherman (Ppresident/Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thecollectivethread.org/

    Where can I find the form 990 for The Collective Thread?

    The The Collective Thread’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.thecollectivethread.org/

    Learn more at the official website: www.thecollectivethread.org/

    Mission Statement of The Collective Thread

    The Collective Thread is a local nonprofit organization with a mission to empower women, specifically immigrant and refugee women in St. Louis. They aim to achieve this by expanding their current sewing school curriculum to provide essential skills training and job opportunities. This expansion includes the addition of commercial sewing classes, enabling 60 women each year to gain industrial sewing skills. With these new skills, these women will have the chance to secure employment at identified businesses in need of sewers in St. Louis.

    Furthermore, The Collective Thread plans to employ 20 women at their small batch facility in 2021, allowing them to sew commercially for local clothing brands. In addition to these positions, they anticipate creating 2-3 managerial roles. In 2022, the organization aims to double the number of women they employ, continuing their mission to empower and provide opportunities for these vulnerable women.

    Impact

    This information is meant to be a general summary of The Collective Thread. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The impact of The Collective Thread is significant in empowering women through work by providing skills training and employment opportunities to immigrant and refugee women in St. Louis. By offering industrial sewing training to 60 women per year, the organization not only equips them with valuable skills but also connects them with employment opportunities in businesses in need of sewers. Additionally, the small batch facility employed 20 women in 2021, with the potential to increase this number in the future. By supporting local economies and lifting women out of poverty through employment, The Collective Thread's work has a meaningful and tangible impact on the lives of women in St. Louis and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $361,167
  • Gross Receipts: $613,130

    • Assets and Liabilities:
  • Total Assets: $459,453
  • Total Liabilities: $27,792
  • Net Assets: $431,661
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PRODUCT

    Revenue

    $273,236

    SERVICES

    Revenue

    $87,931

    Organization Details

    Founding Year

    2010

    Principal Officer

    Theresa Stipanovich

    Main Address

    1310 WASHINGTON AVE, SAINT LOUIS, MO, 63103

    NTEE Category

    Code: X99 - Religion related

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