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EIN 83-1284532

Thread Capital

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Raleigh
State
North Carolina
Year formed
2018
Most recent tax filings
2024-06-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Thread Capital believes everyone deserves the chance to be successful. We give people the tools they need to pursue their small-business dreams, and create a better tomorrow for themselves, their families, and their communities. Ensuring nc's small businesses and entrepreneurs have access to the resources they need to thrive.
Related structure
Thread Capital is a subordinate organization under North Carolina Rural Center.
Total revenues
$7,228,789
2024
Total expenses
$3,021,846
2024
Total assets
$15,959,507
2024
Num. employees
0
2024

Program areas at Thread Capital

Lending program - Thread Capital offers small business loans from $500 to $250,000 to businesses that are not effectively served by the traditional financial system. It also provides loans to businesses that have been impacted by either natural disasters or the global pandemic. In addition to Capital access, Thread Capital also provides coaching and connections to small businesses and entrepreneurs. In may of 2024, management of Thread cpaital began a strategic assessment of operations, including temporarily ceasing loan originations while continuing to service existing loans outstanding. This assessment is expected to take a total of 6-9 months.

Financials for Thread Capital

RevenuesFYE 06/2024
Total grants, contributions, etc.$5,007,778
Program services$120,996
Investment income and dividends$2,100,015
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,228,789
Data update history
March 29, 2025
Posted financials
Added Form 990 for fiscal year 2024
March 26, 2025
Updated personnel
Identified 1 new personnel
March 26, 2025
Used new vendors
Identified 3 new vendors, including , , and
May 22, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Business and community development organizationsFamily service centersChapter / child organizationsCharities
Issues
Business and industry
Characteristics
Receives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
4021 Carya Dr
Raleigh, NC 27610
Metro area
Raleigh-Cary, NC
County
Wake County, NC
Website URL
threadcap.org/ 
Phone
(919) 212-4950
IRS details
EIN
83-1284532
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Subordinate organization
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