EIN 39-1674150

Newthreads of Hope

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
1990
Most recent tax filings
2023-05-01
NTEE code, primary
Description
NewThreads of Hope redistributes brand new merchandise donated by corporations to a variety of charitable organizations, providing support and hope with new clothing, household items, and educational materials for those in need. Their gifts-in-kind program accepts donations of clothing, bedding, household goods, books, and other softgoods from manufacturers and retailers. They are located in Wauwatosa, WI.
Also known as...
Corpcare Distributions
Total revenues
$8,239,416
2023
Total expenses
$4,894,287
2023
Total assets
$22,320,030
2023
Num. employees
2
2023

Program areas at Newthreads of Hope

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.

Grants made by Newthreads of Hope

GranteeGrant descriptionAmount
Care Net Pregnancy Center of MilwaukeeSee Part Iv$0
FR Genes HelpSee Part Iv$0
Cathedral CenterSee Part Iv$0
...and 38 more grants made totalling $0

Who funds Newthreads of Hope

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Siebert Lutheran FoundationTwo Tunics Program$25,000
Archdiocese of Milwaukee Catholic Community FoundationOperational Support$15,000
AmazonSmile FoundationGeneral Support$44

Personnel at Newthreads of Hope

NameTitleCompensation
Dennis BrandPresident$78,677
Patrick ByrneTreasurer$0
Erica P JohnVice President$0

Financials for Newthreads of Hope

RevenuesFYE 05/2023
Total grants, contributions, etc.$8,239,416
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$8,239,416

Form 990s for Newthreads of Hope

Fiscal year endingDate received by IRSFormPDF link
2023-052024-04-08990View PDF
2022-052022-12-08990View PDF
2021-052022-06-20990View PDF
2020-052021-12-29990View PDF
2019-052020-07-01990View PDF
...and 9 more Form 990s

Organizations like Newthreads of Hope

OrganizationLocationRevenue
Americans Helping AmericansAlexandria, VA$2,564,567
The Outreach CenterMorganton, NC$14,499,667
Grace Klein CommunityBirmingham, AL$8,475,501
Yaipak OutreachClarksville, TN$5,783,957
Project Just BecauseHopkinton, MA$6,194,434
Chronicle Season of Sharing FundSan Francisco, CA$14,382,738
Simchas KallahLakewood, NJ$2,613,403
Moms Against PovertyBurlingame, CA$4,637,816
Integrated Family Community Services (IFCS)Englewood, CO$8,219,400
North Dallas Shared MinistriesDallas, TX$7,159,492
Data update history
October 21, 2024
Received grants
Identified 2 new grant, including a grant for $25,000 from Siebert Lutheran Foundation
May 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 26, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Archdiocese of Milwaukee Catholic Community Foundation
June 9, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Archdiocese of Milwaukee Catholic Community Foundation
Nonprofit Types
Grantmaking organizationsHuman service organizationsFamily service centersCharities
Issues
Human services
Characteristics
Provides grantsState / local levelCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
3001 N 112th St
Wauwatosa, WI 53222
Metro area
Milwaukee-Waukesha, WI
County
Milwaukee County, WI
Website URL
newthreads.org/ 
Phone
(414) 443-0060
IRS details
EIN
39-1674150
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1990
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P60: Emergency Assistance
NAICS code, primary
624230: Emergency and Relief Services
Parent/child status
Independent
Free account sign-up

Want updates when Newthreads of Hope has new information, or want to find more organizations like Newthreads of Hope?

Create free Cause IQ account