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THREAD CAPITAL

EIN 83-1284532 RALEIGH, NC

Revenue 2024
$1,612,726
Expenses 2024
$4,458,425

Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S19
Classification
1000
Street
4021 CARYA DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • PATRICK WOODIE

    DIRECTOR

    Total calculated
    $435,546
    From this org
    $0
    From related orgs
    $384,462
    Other
    $51,084
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,929 related
    Bonus
    $0 + $26,933 related
    Other
    $0 + $28,600 related
    Deferred
    $0 + $35,019 related
    Nontaxable benefits
    $0 + $16,065 related
    Filer's total
    $0 + $435,546 related
  • ANDY ANDERSON

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JOSEPH STANLEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • KIM GRAHAM

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • RYAN AMMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JOSE ALVAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • AL BASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • GRANT GODWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JUVENCIO ROCHA-PERALTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JOHN STOKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • BRITTANY BENNETT WESTON

    DIRECTOR (TO DEC '24)

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • CAROLYN RHODES

    COO

    Total calculated
    $340,237
    From this org
    $0
    From related orgs
    $303,879
    Other
    $36,358
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,900 related
    Bonus
    $0 + $24,239 related
    Other
    $0 + $25,740 related
    Deferred
    $0 + $27,198 related
    Nontaxable benefits
    $0 + $9,160 related
    Filer's total
    $0 + $340,237 related
  • FRANKLIN ROBERTS

    CFO & ASST TREASURER

    Total calculated
    $275,309
    From this org
    $0
    From related orgs
    $235,999
    Other
    $39,310
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,453 related
    Bonus
    $0 + $21,546 related
    Other
    $0
    Deferred
    $0 + $24,483 related
    Nontaxable benefits
    $0 + $14,827 related
    Filer's total
    $0 + $275,309 related
  • JONATHAN BRERETON

    EXECUTIVE DIRECTOR (TO AUG '23)

    Total calculated
    $237,735
    From this org
    $0
    From related orgs
    $237,735
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $237,735 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $237,735 related

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,612,726
    Expenses
    $4,458,425
    Contributions
    $45,000
    Grants paid
    $3,276,208
  • 2023
    Revenue
    $7,228,789
    Expenses
    $3,021,846
    Contributions
    $5,007,778
    Grants paid
    $0
  • 2022
    Revenue
    $3,034,496
    Expenses
    $2,494,891
    Contributions
    $980,800
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility SO.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.