THREAD GROUP INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
THREAD GROUP INC (EIN 47-1172966)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-11
IRS object ID
201712849349301406
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-10-11T15:09:58-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN680372583PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROPPER ACCOUNTANCY CORPORATIONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12977 YGNACIO VALLEY RD 460AddressLine1Txt
CityWALNUT CREEKCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94598ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471172966EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THREAD GROUP INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTHREBusinessNameControlTxt
Phone9252756644PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12400 CAMINO RAMON No 375AddressLine1Txt
CitySAN RAMONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94583ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKEVIN KRAUSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9252756644PhoneNum
Signature2017-10-11SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMary Ann CropperPreparerPersonNm
PTINP01709825PTIN
Phone9259323860PhoneNum
Preparation2017-09-28PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address96.95.215.205IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-10-11IPDt
IP Tm13:14:30IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id533CCAF697759B31040ADBD3E835480AB648CF0BAtSubmissionCreationDeviceId
At Submission Filing Device Id533CCAF697759B31040ADBD3E835480AB648CF0BAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGRANT ERICKSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12400 CAMINO RAMON No 375AddressLine1Txt
CitySAN RAMONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94583ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,202,260GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.THREADGROUP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTHREAD GROUP'S MISSION IS TO OFFER MANUFACTURERS AND CONSUMERS THE VERY BEST WAY TO CONNECT AND CONTROL PRODUCTS IN THE HOME.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$1,780,845PYProgramServiceRevenueAmt
CY Program Service Revenue$2,198,344CYProgramServiceRevenueAmt
PY Investment Income$2,861PYInvestmentIncomeAmt
CY Investment Income$3,916CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,783,706PYTotalRevenueAmt
CY Total Revenue$2,202,260CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,948,802PYOtherExpensesAmt
CY Other Expenses$2,746,121CYOtherExpensesAmt
PY Total Expenses$1,948,802PYTotalExpensesAmt
CY Total Expenses$2,746,121CYTotalExpensesAmt
PY Revenues Less Expenses-$165,096PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$543,861CYRevenuesLessExpensesAmt
Total Assets BOY$1,084,462TotalAssetsBOYAmt
Total Assets EOY$654,802TotalAssetsEOYAmt
Total Liabilities BOY$1,101,985TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,216,186TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$17,523NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$561,384NetAssetsOrFundBalancesEOYAmt
MissionTHREAD GROUP'S MISSION IS TO OFFER MANUFACTURERS AND CONSUMERS THE VERY BEST WAY TO CONNECT AND CONTROL PRODUCTS IN THE HOME.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE ORGANIZATION SIGNED LIAISON AGREEMENTS WITH OCF, TCLA, FAIRHAIR, AND EEBUS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescTHE ORGANIZATION HELD THREE ALL MEMBER MEETINGS, ITS FIRST CES IN JANUARY 2016, AND ITS FIRST ASIA OPEN HOUSE IN MAY 2016.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescTHE ORGANIZATION BEGAN SPECIFICATION WORK TO EXPAND INTO THE COMMERCIAL MARKET.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GLOBAL INVENTURESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9252756690PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12400 CAMINO RAMON SUITE 375AddressLine1Txt
CitySAN RAMONCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94583ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
GRANT ERICKSON
PRESIDENT AND DIRECTOR8.00Yes (X)Yes (X)$0$0$0
KEVIN KRAUS
TREASURER AND DIRECTOR2.50Yes (X)Yes (X)$0$0$0
BILL CURTIS
SECRETARY AND DIRECTOR2.50Yes (X)Yes (X)$0$0$0
SKIP ASHTON
VP OF TECHNOLOGY AND DIREC5.00Yes (X)Yes (X)$0$0$0
SUJATA NEIDIG
VP OF MARKETING AND DIRECT5.00Yes (X)Yes (X)$0$0$0
LANDON BORDERS
DIRECTOR2.50Yes (X)$0$0$0
MARK TRAYER
DIRECTOR2.50Yes (X)$0$0$0
CHRIS FEDERSPIEL
DIRECTOR2.50Yes (X)$0$0$0
ROLF DE VEGT
DIRECTOR2.50Yes (X)$0$0$0
JEAN-MICHEL ORSAT
DIRECTOR2.50Yes (X)$0$0$0
GREG BLACKETT
DIRECTOR2.50Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmCountryContractorAddress/ForeignAddress/CountryCdForeign PostalContractorAddress/ForeignAddress/ForeignPostalCd
GLOBAL INVENTURES
2400 CAMINO RAMON SUITE 375SAN RAMONCA94583MANAGEMENT SERVICES$1,133,297
FINN PARTNERS
301 E 57TH STREETNEW YORKNY10022PUBLIC RELATIONS$368,818
GRANITE RIVER LABS
CERTIFICATION SUPPORT$197,84651 GOLDHILL PLAZA 07-10/11SINGAPORESN308900
INTREPID PURSUITS LLC
222 3RD STREET SUITE 4000CAMBRIDGEMA02142TECHNICAL PROGRAM$105,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES541900$2,062,787$2,062,787
EVENTS541900$135,557$135,557
FieldValueIRS element (for citing)
Total Program Service Revenue$2,198,344TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,916TotalRevenueColumnAmt
Related Or Exempt Func Income$3,916RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,202,260TotalRevenueColumnAmt
Related Or Exempt Func Income$2,202,260RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$360,180TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$135,163TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,545TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$127,680TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$34,482TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$35,400TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$34,313TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,397TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
TECHNICAL PROGRAMS$888,216
MARKETING PROGRAMS$781,071
MEMBERSHIP SUPPORT$321,847
BANK FEES$4,472

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,355TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,746,121TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$363,902BOYAmt
EOY$182,114EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$520,156BOYAmt
EOY$280,022EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$188,404BOYAmt
EOY$180,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$666EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$12,000BOYAmt
EOY$12,000EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,084,462BOYAmt
EOY$654,802EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$137,876BOYAmt
EOY$244,926EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$964,109BOYAmt
EOY$971,260EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,101,985BOYAmt
EOY$1,216,186EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$17,523BOYAmt
EOY-$561,384EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$17,523BOYAmt
EOY-$561,384EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,084,462BOYAmt
EOY$654,802EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$543,861ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EAST ASIA AND THE PACIFIC00PROGRAM SERVICESCERTIFICATION SUPPORT$197,846
EUROPE00PROGRAM SERVICESMEETINGS$35,951
EAST ASIA AND THE PACIFIC00PROGRAM SERVICESMEETINGS$20,901
NORTH AMERICA00PRORAM SERVICESMEETINGS$7,617
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$262,315SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$262,315TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 3THE ORGANIZATION CONTRACTS WITH AN ASSOCIATION MANAGEMENT COMPANY TO PROVIDE EXECUTIVE MANAGEMENT, MEMBERSHIP SUPPORT, MARKETING, AND FINANCIAL SERVICES.
Form 990, Part VI, Section B, line 11bTHE DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT AND TREASURER PRIOR TO FILING.
Form 990, Part VI, Section C, line 19THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.