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Threaded

Tax-deductible

McKinney, TX501(c)(3)Since 2019Human ServicesEIN 84-2650695Revenue $234K in FY2025

On file with the IRSwearethreaded.org6801 Studebaker Dr, 75071-4701 · McKinney, TXTax-exempt since Aug 2019Publicly supported — 509(a)(2)

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Threaded is a resource organization. We help individuals like you bring the gospel to racial conflict through education, and training. We design tools for organizations and people that can be used to connect and build multiethnic relationships and collaborative opportunities for change.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
1 of 2
filings with a surplus
Average surplus $9K a year · 4% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name 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
$234K
-4% vs prior year
Spent
$263K
To programs
100%
Net assets
$59K
By yearFY2024–FY2025
Revenue
$234K
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2024$243K
FY2025$234K
Expenses
$263K
FY2025▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2024$197K
FY2025$263K
Net assets
$59K
FY2025▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2024$88K
FY2025$59K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

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

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $263K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Mike Higgins
Board Chairman
$0Pt VII · Sec A
Keith Hileman
Board Secretary
$0Pt VII · Sec A
Lance Dillard
Treasurer
$0Pt VII · Sec A
Alice Kay
Board Member
$0Pt VII · Sec A
James Outsey
Board Chairman
$0Pt VII · Sec A
Antwuan Malone
Communications Director
$0Pt VII · Sec A
See Threaded executive salaries →

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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 15aNo

Programs and updates

Educate and train people to bridge racial divides with the Gospel and build multiethnic relationships for change.

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Provided by the organization

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1 program · $263K · in their own filed words · FY2024
01

Provide resources and education for individuals and organizations about historic and modern day issues of race and culture. To train individuals and organizations on how to engage in issues of race and culture using christian and gospel-centric VALUES.TO design opportunities and tools for safe reconciliatory engagements in diverse…

$263Kprogram 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
Donor Advised Charitable Giving INCFY2024$6K
Natl Christian Charitable Fdn INCFY2024$6K
Total grants receivedfrom 2 funders$12K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$234K
Ln 12
Gifts and grantsLn 1h$166K
Fees for servicesLn 2g$66K
Other incomeLn 4–11$3K
Money outPt IX
$263K
Ln 25
Programscol B$263K
Owns and owesPt X
$59K
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$59K
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$166K
Fundraising eventsLn 1c$26K
Fees for servicesLn 2g$66K
Other incomeLn 4–11$3K
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$871
Total assetsLn 16$59K
LiabilitiesLn 26$0
Net assetsLn 32$59K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$84K$54K
Land, buildings, equipmentLn 10c$1K$871
Total assetsLn 16$89K$59K
LiabilitiesLn 26$1K$0
Net assetsLn 32$88K$59K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$97K$97K
Other salaries and wagesLn 7$55K$55K
Payroll taxesLn 10$12K$12K
Legal feesLn 11b$883$883
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$55K$55K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$1K$1K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$349$349
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$22K$22K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$263K$263K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $234K$263K−$29K$59K 990 PDF
FY2024 $243K$197K$47K$88K 990 PDF

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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 $234,205 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $180,200$165,823
I-9 Program service revenuePrior year $45,079$65,610
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $18,207$2,772
I-12 Total revenuePrior year $243,486$234,205
I-13 Grants and similar amounts paidPrior year $350$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $117,568$164,951
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $79,064$98,011
I-18 Total expensesPrior year $196,982$262,962
I-19 Revenue less expensesPrior year $46,504−$28,757
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $234,205 across 6 lines filed
Lines not itemized here account for $145 of total revenue; see the IRS return.
VIII-1c Fundraising events$25,925
VIII-1f All other contributions, gifts and grants$139,898
VIII-1h Total contributions, gifts and grants$165,823
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,465$65,465
VIII-8 Net income from fundraising eventsExcluded from tax $2,772$2,772
VIII-12 Total revenueRelated to mission $65,610 · Unrelated business $0 · Excluded from tax $2,772$234,205
Part IX · Statement of functional expenses $262,962 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $97,459$97,459
IX-7 Other salaries and wagesPrograms $55,043$55,043
IX-10 Payroll taxesPrograms $12,449$12,449
IX-11b Legal feesPrograms $883$883
IX-11c Accounting feesPrograms $2,100$2,100
IX-11g Other fees for servicesPrograms $55,490$55,490
IX-12 Advertising and promotionPrograms $2,650$2,650
IX-13 Office expensesPrograms $1,109$1,109
IX-17 TravelPrograms $6,357$6,357
IX-22 Depreciation, depletion and amortizationPrograms $349$349
IX-23 InsurancePrograms $5,515$5,515
IX-24 Other expenses (24a–d)Programs $21,919$21,919
IX-24e All other expensesPrograms $1,639$1,639
IX-25 Total functional expensesPrograms $262,962 · Management $0 · Fundraising $0$262,962
Part X · Balance sheet $59,322 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $83,825$54,234
X-4 Accounts receivableStart of year $4,217$4,217
X-10c Land, buildings and equipment, netStart of year $1,220$871
X-16 Total assetsStart of year $89,262$59,322
X-25 Other liabilitiesStart of year $1,183$0
X-26 Total liabilitiesStart of year $1,183$0
X-32 Total net assets or fund balancesStart of year $88,079$59,322
X-33 Total liabilities and net assetsStart of year $89,262$59,322
Part XI · Reconciliation of net assets $59,322 net assets at year end
XI-1 Total revenue$234,205
XI-2 Total expenses$262,962
XI-3 Revenue less expenses−$28,757
XI-4 Net assets at start of year$88,079
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$59,322

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

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