Common Threads Project EIN 81-4212971

Common Threads Project FY2022 filing

EIN  81-4212971 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Provides quality psychological care to survivors of sexual and gender-based violence.
Leadership
Rachel Cohen · Executive Director · $75K
Money in and out
$464K revenue, $469K expenses
Bottom line
75% program efficiency

Provides quality psychological care to survivors of sexual and gender-based violence. For fiscal year 2022 it reported $464K in revenue, $469K in expenses, and $243K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$243K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.18 Fundraising $0.07
Program efficiency
75%
of spending reaches programs
Operating runway
6.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$464K
FY2022▲ +19%
Expenses
$469K
FY2022▲ +30%
Total assets
$252K
FY2022▼ -16%
Total liabilities
$9K
FY2022▼ -84%
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$243K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$252K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $353K of program spending, described in the organization's own filed words · FY2022.
01

Common threads project develops effective methodology and programs for recovery from the psycho-social consequences of sexual violence, war, and discplacement. CTP trains and supervises local mental health practitioners in diverse contexts so that they can provide group-trauma-informed therapy based on the common threads model of…

$353Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommon Threads Project
EINHdr · item D81-4212971
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jcommonthreadsproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q70)
Ruling yearIRS BMFApr 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$75,104Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Vesna Golic’s $84K as Executive Director is at the 22nd percentile of top reported officer pay among 1169 $1–10M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Vesna Golic$84,000
Rachel Cohen$81,231$77,692$75,104$64,400$50,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$464K
Total revenueLn 12$464K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.18 Fundraising $0.07
Program services75%$353K
Management & general18%$85K
Fundraising7%$31K
Total functional expensesLn 25$469K

Balance Sheet

Part X · end of year
CashLn 1$247K
Total assetsLn 16$252K
Total liabilitiesLn 26$9K
Total net assetsLn 32$243K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $247K · Operating expenses/yr $469K
6.3 months
Where the money goes
Program services
Program services $353K · Total expenses $469K
75%
Management & General
Management & general $85K · Total expenses $469K
18%
Fundraising
Fundraising $31K · Total expenses $469K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $26K · Solicited contributions (3-yr avg) $374K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $464K · Total revenue $464K
100%
Government reliance
Government grants — · Total revenue $464K
Earned-income share
Program service revenue $0 · Total revenue $464K
0%
Investment reliance
Investment income $0 · Total revenue $464K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $469K
0%
Growth & trend
Revenue growth (YoY)
This year $464K · Prior year $390K
+19%
Net-asset trend (YoY)
End of year $243K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $464K · Expenses $469K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $252K
Net-asset ratio
Net assets $243K · Total assets $252K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $252K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rachel Cohen · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $75K · Total expenses $469K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $146K · Total expenses $469K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 18%
Fundraising cost ratio 7%
Revenue growth 19%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 2 grants · $46K · 2024–2024
Sanctuary for Families INCNY · FY2024$36,000
Mother AfricaWA · FY2024$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$574K revenue · ⤓ 990 PDF
FY2022$464K revenue · viewing · ⤓ 990 PDF
FY2021$390K revenue · ⤓ 990 PDF
FY2020$292K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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