Thread Capital FY2023 filing
Helps North Carolina's small businesses and entrepreneurs access resources to thrive. For fiscal year 2023 it reported $3.0M in revenue, $2.5M in expenses, and $8.3M in net assets.Pt I
- Type
- Supporting organization · Community Development
- Location
- Raleigh, NC
- Website
- threadcap.org
- Filings
- 6 on file (2020–2023)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Jonathan Brereton’s $112K as Executive Director is at the 26th percentile of top reported officer pay among 2833 $1–10M community development 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 · 1 named individual · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Jonathan Brereton | $112,444 | $88,389 |
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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Where the work happens
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 74% | — | — |
| Overhead ratio | 26% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 106% | — | — |
| Legal fee ratio | 0.8% | — | — |
| Accounting fee ratio | 1% | — | — |
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
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Filings & Schedule Manifest
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Sources
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