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Red Thread Institute

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Primary, Elementary Schools (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$142k (2023)

Expenses
$190k (2023)

Total Assets
$5.76k (2023)

Total Liabilities
$130k (2023)

Source: Form 990 tax filings from 2016 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$141,682
Expenses
$189,567
Net Income
-$47,885
Net Assets
-$123,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $30
0.0%
Program Services $140,138
98.9%
Investment Income $0
Net Fundraising $0
Sales of Assets $1,439
1.0%
Net Inventory Sales $0
Other Revenue $75
0.1%
Assets/Debt
Total Assets $5,759
Total Liabilities $129,706
Net Assets -$123,947
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Ishara Sweeney (President Treasurer) $25,000 $11,000
Michael Sweeney (Secretary) $25,000 $11,000

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$176,346
Expenses
$170,834
Net Income
$5,512
Net Assets
-$76,062
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,093
0.6%
Program Services $183,474
> 100%
Investment Income $12
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$10,262
Other Revenue $2,029
1.2%
Assets/Debt
Total Assets $29,644
Total Liabilities $105,706
Net Assets -$76,062
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Ishara Sweeney (President Treasurer) $25,000 $16,000
Michael Sweeney (Secretary) $25,000 $16,000

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$161,581
Expenses
$139,278
Net Income
$22,303
Net Assets
-$85,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,032
0.6%
Program Services $154,815
95.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $5,734
3.5%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $50,130
Total Liabilities $135,207
Net Assets -$85,077
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Ishara Sweeney (President Treasurer Director) $27,083 $4,000
Michael Sweeney (Secretary Director) $25,833 $4,000

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$88,344
Expenses
$137,226
Net Income
-$48,882
Net Assets
-$107,380
Notable Sources of Revenue Percent of Total Revenue
Contributions $88,344
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $51,859
Total Liabilities $159,239
Net Assets -$107,380

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$93,296
Expenses
$120,323
Net Income
-$27,027
Net Assets
-$58,498
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $82,356
88.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $10,940
11.7%
Other Revenue $0
Assets/Debt
Total Assets $11,855
Total Liabilities $70,353
Net Assets -$58,498

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$64,790
Expenses
$108,755
Net Income
-$43,965
Net Assets
-$31,471
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,949
87.9%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $7,841
12.1%
Other Revenue $0
Assets/Debt
Total Assets $44,411
Total Liabilities $75,882
Net Assets -$31,471

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$142,556
Expenses
$125,868
Net Income
$16,688
Net Assets
$57,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
3.5%
Program Services $137,556
96.5%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $57,494
Total Liabilities $0
Net Assets $57,494

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$81,531
Expenses
$40,725
Net Income
$40,806
Net Assets
$40,806
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
1.2%
Program Services $80,531
98.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $40,806
Total Liabilities $0
Net Assets $40,806

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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