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Nonprofiteer
← SPREADING THREADS CLOTHING BANK

Form 990 for tax year 2025

Filed by SPREADING THREADS CLOTHING BANK.

Totals

Total revenue
$344,588
Total expenses
$215,900
Contributions and grants received
$340,257
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$4,331
Total assets, end of year
$658,075
Total liabilities, end of year
$288,902
Net assets or fund balances, end of year
$369,173
Program services expenses (Part IX)
$215,900
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$215,900

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $96,564

  • 1f · All other contributions, gifts and grants

    $243,693

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: BILLABLE EXPENSE INCOME

    total $4,331 · related or exempt $4,331

  • 11e · Other revenue, total

    $4,331

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $56,000 · program services $56,000

  • 10 · Payroll taxes

    total $4,240 · program services $4,240

  • 11c · Fees: accounting

    total $2,515 · program services $2,515

  • 11g · Fees: other

    total $49,139 · program services $49,139

  • 12 · Advertising and promotion

    total $13,126 · program services $13,126

  • 13 · Office expenses

    total $3,009 · program services $3,009

  • 16 · Occupancy

    total $35,880 · program services $35,880

  • 20 · Interest

    total $16,166 · program services $16,166

  • 22 · Depreciation, depletion and amortization

    total $13,939 · program services $13,939

  • 24e · All other expenses

    total $21,886 · program services $21,886

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $60,142 · end of year $98,069

  • 10a · Land, buildings and equipment: cost or other basis

    $577,385

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,379

  • 10c · Land, buildings and equipment, net

    beginning of year $482,485 · end of year $560,006

  • 24 · Unsecured notes and loans payable

    beginning of year $291,881 · end of year $281,763

  • 25 · Other liabilities

    beginning of year $10,261 · end of year $7,139

  • 31 · Retained earnings, endowment or other funds

    beginning of year $240,485 · end of year $369,173

Mission and programs · 2025

Mission

PROVIDE NEW AND USED CLOTHING TO FOSTER/ADOPTIVE AND KINSHIP FAMILIES IN SOUTHERN ARIZONA IN ORDER TO DECREASE THEIR FINANCIAL BURDEN AND PROVIDE CLOTHING THAT CHILDREN FEEL GOOD WEARING

  • PROVIDED NEW AND USED CLOTHING TO SEVERAL FOSTER AND ADOPTIVE FAMILIES IN 2022 THAT HELPED REDUVS THE FINANCIAL BURDEN ON THESE FAMILIES

    Expenses $215,900 · Revenue $344,588

As filed on the 2025 return.

Listed in Part VII

  • Michele Bennett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Pat Hernandez

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Jim Phillips

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Terry Dubay

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Beth McAbee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sandy Larowe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sharon Bennett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
13 April 2026
IRS schema version
2025v4.1
Source object
202601049349301730

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