Overview
What is Thread Inc?
Thread Inc, located in Baltimore, Maryland, is a dedicated nonprofit organization that focuses on supporting young individuals encountering significant opportunity and achievement gaps. By enrolling students ranked in the bottom 25% of their class and dealing with numerous challenges outside the classroom, Thread aims to disrupt the pattern of isolation leading to academic underperformance. This support lasts for a decade, with each student being assigned a group of up to four volunteers, referred to as a Thread family, providing continuous assistance and increased access to community resources. Thread is committed to never abandoning a single student, and its students consistently surpass expectations, with a high school completion rate ten times higher than their peers. The organization's mission is to harness the power of relationships to create a new social fabric, fostering a diverse community deeply engaged with young people facing these challenges. By doing so, Thread seeks to eradicate social isolation and build a more equitable culture where everyone thrives, with a current workforce of 99 dedicated individuals.
Official website here: www.thread.org
Is Thread Inc legitimate?
Thread Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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: $213,042
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,045,636
For more financial information, click here
Official website here: www.thread.org
What is the mission statement of Thread Inc?
Thread Inc's mission is centered around supporting young individuals who face significant opportunity and achievement gaps. The organization harnesses the power of relationships to establish a new social fabric, engaging diverse individuals in the process. Their commitment is to end social isolation and foster a more equitable culture where everyone thrives. Thread intervenes in the 9th grade, enrolling students who rank below the 25th percentile in their class and are faced with numerous challenges outside the classroom. These students are part of Thread for 10 years, surrounded by a group of up to four volunteers, known as a Thread Family, who provide continuous support and increased access to community resources. Thread is committed to never abandoning a single student and consistently sees their students defy the odds, with a high school completion rate ten times that of their peers.
Official website here: www.thread.org
Who is the CEO of Thread Inc?
Dr Sarah Hemminger is the Co-Chair of Thread Inc. The CEO's salary of Thread Inc is $162,290 and their total compensation is $163,282.
Official website here: www.thread.org
What is the revenue of Thread Inc?
Who are the executives of Thread Inc and what are their salaries?
The average compensation at Thread Inc during 2022 was $32,916. There are 99 employees and 880 volunteers at Thread Inc.
Here are 19 key members and their salaries (Thread Inc's CEO's salary is $162,290 and their total compensation is $163,282):
- Sarah Hemminger (Ceo & Co-Founder)
- Allison Buchalter (Vp Of Involvement)
- Nicholas Greer (Vp Of Interconnection)
- Nikhil Gupta (Acting Managing Dir, Investment)
- Robin Linton (Vp Of Interaction)
- Wallace Bolden (Vp Of Infrastructure)
- Dia Simms (Co-Chair) [Trustee/Director]
- Jeff Cohen (Co-Chair) [Trustee/Director]
- Heather Benz (Secretary) [Trustee/Director]
- Aaron Copeland (Treasurer) [Trustee/Director]
- Cheryl Boyer (Board Member) [Trustee/Director]
- Ryan Hemminger (Board Member) [Trustee/Director]
- Jan Houbolt (Board Member) [Trustee/Director]
- Patricia Lattin (Board Member) [Trustee/Director]
- Michelle Leff (Board Member) [Trustee/Director]
- Krishna Potarazu (Board Member) [Trustee/Director]
- Delora Ifekauche (Board Member) [Trustee/Director]
- Dhaujee Kelly (Board Member) [Trustee/Director]
- Angel Perez (Board Member) [Trustee/Director]
Official website here: www.thread.org
Where can I find the form 990 for Thread Inc?
The Thread Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.thread.org
Learn more at the official website: www.thread.org
Mission Statement of Thread Inc
Thread Inc, a nonprofit organization, is committed to supporting young individuals who are facing significant opportunity and achievement gaps. The mission of Thread Inc is to harness the power of relationships to create a new social fabric, one that is diverse and deeply engaged with these young people. The organization aims to end social isolation and build a more equitable culture where everyone thrives.
In the 9th grade, Thread Inc intervenes and disrupts the pattern of isolation that often leads to academic underperformance. The nonprofit enrolls students who rank in the bottom 25% of their class and face numerous challenges outside of the classroom. Thread Inc provides these students with continuous support for a period of 10 years, surrounding them with a group of up to four volunteers, known as a Thread Family. This support not only includes increased access to community resources but also deeply enriches the lives of the committed volunteers. Thread Inc is dedicated to never giving up on any of its students, and as a result, Thread students consistently defy the odds. They complete high school at a rate ten times higher than similar peers.
Impact
This information is meant to be a general summary of Thread Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Thread Inc's impact lies in its ability to support young people facing the most significant opportunity and achievement gaps. By intervening in the 9th grade, Thread disrupts the pattern of isolation that often leads to academic underperformance. Enrolling students who rank in the bottom 25% of their class and face numerous challenges outside of the classroom, Thread provides continuous support and increased access to community resources through a group of up to four volunteers, known as a Thread family.
Through their commitment to never giving up on a single student, Thread has seen remarkable success, with their students completing high school at a rate ten times that of similar peers. By harnessing the power of relationships, Thread creates a new social fabric of diverse individuals deeply engaged with young people facing significant challenges. Their mission to end social isolation and build a more equitable culture where everyone can thrive demonstrates their dedication to creating lasting and positive change in the lives of the youth they support.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2006
Phone
(410) 660-8343
Principal Officer
Dr Sarah Hemminger
Main Address
2401 LIBERTY HEIGHTS AVENUE 2730, BALTIMORE, MD, 21215
Website
www.thread.org
NTEE Category
Code: O99 - Youth development
If you are a representative of Thread Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.