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Binding Thread Inc

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

EIN: 833464773 ✦ Evansville, IN ✦ Designated as a 501(c)(3)

Overview

What is Binding Thread Inc?

Binding Thread Inc, located in Evansville, Indiana, is a compassionate nonprofit organization that aims to alleviate poverty and support distressed individuals. Their primary focus is on assisting 550 orphans in Myanmar by providing essentials such as food, clothing, and education. The organization operates by collecting resources from generous donors in the United States and distributing them consistently to those in need. Through their mission, Binding Thread Inc strives to improve the lives of the underprivileged, offering a much-needed lifeline of support to orphans in Myanmar.


Official website here: www.bindingthread.org

Is Binding Thread Inc legitimate?

Binding Thread Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Binding Thread Inc 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: $0

For more financial information, click here


Official website here: www.bindingthread.org

What is the mission statement of Binding Thread Inc?

Binding Thread Inc is an organization committed to alleviating the hardships of the less fortunate, particularly orphans. Their mission is to offer essential support by regularly and consistently collecting and distributing necessary resources. This includes providing food, clothing, and education to approximately 550 orphans in Myanmar. The organization aims to contribute to their well-being and improve their living conditions.


Official website here: www.bindingthread.org

Who is the CEO of Binding Thread Inc?

Jason Rugani is the Executive Director of Binding Thread Inc.


Official website here: www.bindingthread.org

What is the revenue of Binding Thread Inc?

Binding Thread Inc's revenue in 2022 was $668,201.


Official website here: www.bindingthread.org

Who are the executives of Binding Thread Inc and what are their salaries?

Here are 6 key members and their salaries:

    Jason Rugani (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Carr (Volunteer Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Allison Rugani (Connection Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Tromley (Shop Manager) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jody Smith (Advisor) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ashley Dye (Advisor) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.bindingthread.org

    Where can I find the form 990 for Binding Thread Inc?

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


    Official website here: www.bindingthread.org

    Learn more at the official website: www.bindingthread.org

    Mission Statement of Binding Thread Inc

    Binding Thread Inc, a charitable organization, is committed to alleviating the suffering of the underprivileged, distressed, and impoverished, with a particular focus on orphans. Its mission is to offer essential aid, including food, clothing, and education, on a regular and consistent basis. By collecting resources from donors in the United States, this nonprofit organization works tirelessly to meet the basic needs of approximately 550 orphans in Myanmar. Through its actions, Binding Thread Inc strives to make a positive impact in the lives of these vulnerable children, providing them with the essentials they need to thrive.

    Impact

    This information is meant to be a general summary of Binding Thread Inc. 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 Binding Thread Inc is significant in providing basic needs such as food, clothing, and education to 550 orphans in Myanmar. Through local collection from donors in the US, the organization is able to make a direct and tangible difference in the lives of these underprivileged children. Their mission to relieve the poor, distressed, and underprivileged through regular and consistent distribution of resources showcases their commitment to making a positive impact in the world.





    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: $0
  • Gross Receipts: $668,201

    • Assets and Liabilities:
  • Total Assets: $399,108
  • Total Liabilities: $40,557
  • Net Assets: $358,551
  • Organization Details

    Founding Year

    2019

    Principal Officer

    Jason Rugani

    Main Address

    703 S Willow Rd, Evansville, IN, 47714

    NTEE Category

    Code: P30 - Human services

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