Totals
- Total revenue
- $8,239,416
- Total expenses
- $4,894,287
- Contributions and grants received
- $8,239,416
- Grants paid
- $4,555,852
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $22,320,030
- Total liabilities, end of year
- $18,952
- Net assets or fund balances, end of year
- $22,301,078
- Program services expenses (Part IX)
- $4,824,474
- Management and general expenses
- $30,332
- Fundraising expenses
- $39,481
- Program service expenses (Part III)
- $4,824,474
Program services were 98.6% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$8,239,416
-
1g · Noncash contributions included above
$7,798,390
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $4,555,852 · program services $4,555,852
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $78,677 · program services $55,074 · management and general $11,801 · fundraising $11,802
-
7 · Other salaries and wages
total $44,792 · program services $29,115 · management and general $4,479 · fundraising $11,198
-
9 · Other employee benefits
total $31,392 · program services $21,347 · management and general $4,081 · fundraising $5,964
-
10 · Payroll taxes
total $7,646 · program services $5,199 · management and general $994 · fundraising $1,453
-
13 · Office expenses
total $3,044 · program services $2,446 · management and general $299 · fundraising $299
-
14 · Information technology
total $717 · program services $502 · management and general $66 · fundraising $149
-
16 · Occupancy
total $166,164 · program services $149,549 · management and general $8,308 · fundraising $8,307
-
19 · Conferences, conventions and meetings
total $200 · program services $160 · management and general $0 · fundraising $40
-
23 · Insurance
total $5,386 · program services $4,848 · management and general $269 · fundraising $269
-
24a · Other expenses: Miscellaneous
total $342 · program services $307 · management and general $35 · fundraising $0
-
24b · Other expenses: Warehouse Supplies
total $75 · program services $75 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,670 · end of year $79,160
-
2 · Savings and temporary cash investments
beginning of year $0
-
3 · Pledges and grants receivable
beginning of year $2,600 · end of year $0
-
4 · Accounts receivable
beginning of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0
-
7 · Other notes and loans receivable
beginning of year $0
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $303 · end of year $463
-
10a · Land, buildings and equipment: cost or other basis
$32,980
-
10b · Land, buildings and equipment: accumulated depreciation
$32,980
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $18,997,869 · end of year $22,240,407
-
17 · Accounts payable and accrued expenses
beginning of year $63,493 · end of year $18,952
-
18 · Grants payable
beginning of year $0
-
19 · Deferred revenue
beginning of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0
-
21 · Escrow or custodial account liability
beginning of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0
-
27 · Net assets without donor restrictions
beginning of year $18,955,949 · end of year $22,301,078
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
NewThreads of Hope, through its innovative gifts-in-kind program, offers support and a renewed sense of hope by providing brand new clothing, household items and educational materials to the poor, the ill, children and seniors, so that they may live more self-sufficient lives.
Activities or mission (Part I)
NewThreads of Hope solicits and receives returned and excess brand new merchandise from corporations. It sorts, warehouses and redistributes this merchandise to a wide range of charitable organizations to be either distributed to or used for the care of the poor, the sick, elderly or children
-
The NewThreads of Hope program, the organzation's only program, is a gifts in kind merchandise distribution program. NewThreads solicits and receives donations of brand new clothing, bedding, household goods, books and other softgoods from manufactures, retailers and wholesalers. This merchandise is then warehoused, sorted, processed, and then redistributed through a network of nonprofit and governmental organizations to individuals and families in need. This merchandise must be used for the care of or use of the poor, the sick, children or elderly. Please see Schedule I for a listing of distributions of this gifts in kind merchandise made during the year.
Expenses $4,824,474 · Grants $4,555,852 · Revenue $8,339,416
As filed on the 2022 return.
Listed in Part VII
-
Dennis Brand
President
- Total calculated
- $78,677
- From this org
- $78,677
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Patrick Byrne
Chairman, Treasurer & Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Robert Smith
Director
- Total calculated
- $0
- Hours/week
- 1
-
Erica P John
Vice President
- Total calculated
- $0
- Hours/week
- 1
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
-
Bad River Social & Family Services Department
$0
See part IV
-
See part IV
-
See part IV
-
See part IV
-
$0
See part IV
-
See part IV
-
See part IV
-
See part IV
-
See part IV
-
See part IV
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400999349300645
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.