Golden Thread Inc in West Hartford, Connecticut (CT)

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Golden Thread Inc
Employer Identification Number (EIN)460984746
Name of OrganizationGolden Thread Inc
In Care of NamePatricia Haggerty Wenz
Address303 Tunxis Rd, West Hartford, CT 06107-3119
SubsectionCharitable Organization
Ruling Date02/2013
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$11,636
Amount of Income$29,947
Form 990 Revenue Amount$25,942
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2013: $29,947
This organization: 

 $29,947
Other organizations performing similar types of work: 

 $59,050

Assets in 2013: $11,636
This organization: 

 $11,636
Other organizations performing similar types of work: 

 $25,518

Expenses in 2013: $14,612
This organization: 

 $14,612
Other organizations performing similar types of work: 

 $51,518

Income to expenses ratio in 2013: 2.0
This organization: 

 2.0
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 65.5%
Golden Thread Inc: 

 65.5%
Other organizations performing similar types of work: 

 1.3%

Financial snapshot for 2013 ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2013
Total revenue$25,942
Contributions, gifts, grants, and similar amounts received$16,985
Program service revenue including government fees and contracts$1,326
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$5,801
Gross income from gaming$0
Gross income from fundraising events$6,613
Less: direct expenses from gaming and fundraising events$812
Gross profit/loss from sales of inventory$1,830
Gross sales of inventory, less returns and allowances$5,023
Less: cost of goods sold$3,193
Other revenue$0
Total expenses$14,612
Total net assets$11,636
Excess/Deficit for the year$11,330
Net assets or fund balances at beginning of year$306
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$11,636
Balance Sheets
2013
Total assets$11,636
Total liabilities$0
Net assets or fund balances$11,636
Other Information
2013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$7,125
Subtotal Support$17,385
Gifts, grants, contributions, and membership fees received$17,385
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$10,260
Total Support$29,021
Public Support$17,385
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$11,636
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Womans Art Club Of Cincinnati Foundation6980 Cambridge Ave, Cincinnati, OH 45227-3362OH2007-03$122,085
2Housatonic Valley Cultural Alliance Inc39 West Street, Danbury, CT 06810CT2008-09$314,374
3Artists For World Peace Inc377 Ridge Rd, Middletown, CT 06457-4436CT2004-04$200,796
41214 Foundation Inc9 Blanches Walk, Newtown, CT 06470-1943CT2013-06$109,816
5Windham Area Arts Collaborative IncPO BOX 43, Willimantic, CT 06226CT2001-01$98,980
6Norwalk 2 0 IncPO BOX 783, Norwalk, CT 06852CT2012-04$94,649
7Greater Danbury Irish Cultural Foundation Inc6 Lake Ave, Danbury, CT 06810-6343CT2014-08$90,070
8Wethersfield Academy For The Arts Inc431 Hartford Avenue, Wethersfield, CT 06109-1214CT2012-12$76,186
9Sea-Legs Inc19 Guthrie Pl, New London, CT 06320-4205CT1998-09$61,144
10Ball & Sockets Arts Inc762 Bethany Mountain Road, Cheshire, CT 06410CT2013-07$44,013
11Golden Thread Inc303 Tunxis Rd, West Hartford, CT 06107-3119CT2013-02$29,947
12Tracy Art Center Inc247 Main St, Old Saybrook, CT 06475-2332CT2004-04$23,805
13Stony Creek Fife & Drum Corps IncPO BOX 1886, Stony Creek, CT 06405CT2004-01$22,157
14Latino Foundation Of Stamford Inc217 Atlantic Street, Stamford, CT 06901CT2000-02$13,330
15Raga Club Of Connecticut Inc31 Red Stone Drive, Weatogue, CT 06089CT2014-05$12,541
16Westonarts IncPo Box 1124, Weston, CT 06883CT2006-02$12,001
17Art Guild Of Middletown Connecticut IncPobox 205, Middletown, CT 06457CT2014-09$7,137
18Asociacion Colombo Hispano Americana De Connecticut172 Greenwich Ave Apt 7e, Stamford, CT 06902-6726CT2004-08$4,360
19Simsbury Chamber Music Festival Inc112 Northbrook Drive, West Hartford, CT 06117CT2014-07$250
20The African American Historical Association Of Fairfield CountyPo Box 9235, Bridgeport, CT 06601CT2009-09$200
Number of organizations performing similar types of work
Alaska22
Alabama63
Arkansas50
Arizona135
California1,022
Colorado143
Connecticut88
District of Columbia74
Delaware13
Florida371
Georgia162
Hawaii83
Iowa63
Idaho34
Illinois240
Indiana102
Kansas48
Kentucky74
Louisiana85
Massachusetts189
Maryland133
Maine46
Michigan156
Minnesota133
Missouri129
Mississippi35
Montana33
North Carolina169
North Dakota14
Nebraska42
New Hampshire25
New Jersey180
New Mexico70
Nevada39
New York667
Ohio194
Oklahoma53
Oregon141
Pennsylvania218
Rhode Island33
South Carolina64
South Dakota17
Tennessee93
Texas380
Utah63
Virginia178
Vermont26
Washington183
Wisconsin110
West Virginia47
Wyoming10
International21
Total6,763

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