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EIN 83-1284532

Thread Capital

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Raleigh
State
North Carolina
Year formed
2018
Most recent tax filings
2023-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Thread Capital believes everyone deserves the chance to be successful. We give people the tools they need to pursue their small-business dreams, and create a better tomorrow for themselves, their families, and their communities. Ensuring nc's small businesses and entrepreneurs have access to the resources they need to thrive.
Related structure
Thread Capital is a subordinate organization under North Carolina Rural Center.
Total revenues
$3,034,496
2023
Total expenses
$2,494,891
2023
Total assets
$11,368,374
2023
Num. employees
0
2023

Program areas at Thread Capital

Lending program - Thread Capital, a certified community development financial institution, offers small business loans from $500 to $250,000 to businesses that are not effectively served by the traditional financial system. It's primary product is a term loan up to $100,000 and its secondary product is a term loan up to $250,000 for businesses that have been impacted by either natural disasters or the global pandemic. In addition to Capital access, Thread Capital also provides coaching and connections to small businesses and entrepreneurs.

Who funds Thread Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dogwood Health TrustThis Grant Will Support Thread Capital With the Project Entitled, Accelerating Thread Capital's Impact in Western NC.$517,000
North Carolina Rural CenterShellfish Growers Program Grant$250,000

Personnel at Thread Capital

NameTitleCompensation
Franklin RobertsChief Financial Officer and Chief Operating Officer and Assistant Treasurer$0
Brandon RosasVice President , Finance and Administration$0
Jonathan BreretonExecutive Director$0
Mary K CliffordSenior Director Finance and Administration$0
Andy AndersonBoard Chair$0
...and 4 more key personnel

Financials for Thread Capital

RevenuesFYE 06/2023
Total grants, contributions, etc.$980,800
Program services$117,608
Investment income and dividends$1,936,088
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$3,034,496

Form 990s for Thread Capital

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-16990View PDF
2022-062023-01-27990View PDF
2021-062022-05-06990View PDF
2020-062021-05-18990View PDF
2019-062021-01-12990View PDF
Data update history
May 22, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 3 new personnel
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $250,000 from North Carolina Rural Center
December 23, 2023
Received grants
Identified 2 new grant, including a grant for $517,000 from Dogwood Health Trust
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsFamily service centersChapter / child organizationsCharities
Issues
Business and industry
Characteristics
Tax deductible donationsNo full-time employeesAccepts online donations
General information
Address
4021 Carya Dr
Raleigh, NC 27610
Metro area
Raleigh-Cary, NC
County
Wake County, NC
Website URL
threadcap.org/ 
Phone
(919) 212-4950
IRS details
EIN
83-1284532
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Subordinate organization
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