philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The 3rd INC

Tax-deductible

Columbia, MD501(c)(3)Community Development EIN 84-2311250Revenue $8K in FY2025

On file with the IRSthe3rd.org6420 Fairmead Ln, 21045-4424 · Columbia, MDTax-exempt since Jul 2019Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Is to build a space that fosters dreams, creates community, and provides mentorship, which enables Women of Color to turn their ideas into economic power and freedom.

501(c)(3) charity; gifts are tax-deductible.
42¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $8K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8K
-99% vs prior year
Spent
$509K
To programs
42%
Net assets
$64
By yearFY2021–FY2025
Revenue
$8K
FY2025▼ -99%
Tap a bar for its year
Revenue by fiscal year
FY2021$357K
FY2022$450K
FY2023$589K
FY2024$688K
FY2025$8K
Expenses
$509K
FY2025▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2021$132K
FY2022$521K
FY2023$579K
FY2024$389K
FY2025$509K
Net assets
$64
FY2025▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$232K
FY2022$123K
FY2023$204K
FY2024$502K
FY2025$64

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $214K Management & general 57% · $292K Fundraising 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Radiah Rhodes
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Minah Woo
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Laura Bacon
Founder and CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
See The 3rd INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering Women of Color to build businesses and achieve economic freedom through community and mentorship.

Questions for The 3rd INC

Tap to ask. The 3rd INC sees how many people are interested.

Your first name shows with your question. The 3rd INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $214K · in their own filed words · FY2025
01

In 2025, during the months of January through March, we held a online business cohort weekly group coaching sessions serving 25 entrepreneurs focusing on increasing revenue. One of the participants boasted a new campaign born out of the program that brouth in $100,000 in the month of March.

$214Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
The Community Foundation of Howard County INCFY2024$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$8K
Ln 12
Gifts and grantsLn 1h$8K
Money outPt IX
$509K
Ln 25
Programscol B$214K
Managementcol C$292K
Fundraisingcol D$3K
Owns and owesPt X
$64
net assets · Ln 32
Cash and savingsLn 1–2$64
Total assetsLn 16$64
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Total revenueLn 12$8K
Assets in detailPt X, end of year
CashLn 1$64
Cash and savings togetherLn 1–2$64
Total assetsLn 16$64
LiabilitiesLn 26$0
Net assetsLn 32$64
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$226K$64
Total assetsLn 16$512K$64
LiabilitiesLn 26$9K$0
Net assetsLn 32$502K$64
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$49K$39K$7K$2K
Payroll taxesLn 10$4K$3K$544$181
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$106K$102K$5K
Office expensesLn 13$39K$37K$2K
Travel and entertainment for public officialsLn 18$5K$5K
Conferences, conventions and meetingsLn 19$28K$28K
Other expenses (24a–d)Ln 24$393$393
All other expensesLn 24e$271K$271K
Total functional expensesLn 25$509K$214K$292K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $8K$509K−$501K$64 990 PDF
FY2024 $688K$389K$298K$502K 990 PDF
FY2023 $589K$579K$10K$204K 990 PDF
FY2022 $450K$521K−$71K$123K 990 PDF
FY2021 $357K$132K$225K$232K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $7,619 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $565,985$7,619
I-9 Program service revenuePrior year $121,552$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $687,537$7,619
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $78,355$52,166
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $310,999$456,741
I-18 Total expensesPrior year $389,354$508,907
I-19 Revenue less expensesPrior year $298,183−$501,288
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,619 across 4 lines filed
VIII-1f All other contributions, gifts and grants$7,619
VIII-1h Total contributions, gifts and grants$7,619
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$7,619
Part IX · Statement of functional expenses $508,907 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $38,831 · Management $7,281 · Fundraising $2,427$48,539
IX-10 Payroll taxesPrograms $2,902 · Management $544 · Fundraising $181$3,627
IX-11c Accounting feesManagement $6,417$6,417
IX-11g Other fees for servicesPrograms $101,593 · Management $4,777$106,370
IX-13 Office expensesPrograms $37,099 · Management $2,203$39,302
IX-18 Travel and entertainment for public officialsPrograms $5,212$5,212
IX-19 Conferences, conventions and meetingsPrograms $28,342$28,342
IX-24 Other expenses (24a–d)Programs $393$393
IX-24e All other expensesManagement $270,705$270,705
IX-25 Total functional expensesPrograms $214,372 · Management $291,927 · Fundraising $2,608$508,907
Part X · Balance sheet $64 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $226,213$64
X-16 Total assetsStart of year $511,758$64
X-26 Total liabilitiesStart of year $9,444$0
X-27 Net assets without donor restrictionsStart of year $502,314$64
X-32 Total net assets or fund balancesStart of year $502,314$64
X-33 Total liabilities and net assetsStart of year $511,758$64
Part XI · Reconciliation of net assets $64 net assets at year end
XI-1 Total revenue$7,619
XI-2 Total expenses$508,907
XI-3 Revenue less expenses−$501,288
XI-4 Net assets at start of year$502,314
XI-8 Prior period adjustments−$962
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$64

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.