Nonprofit · EIN 84-2311250
THE 3RD INC
Also known as THE WELL
Tax-exempt · COLUMBIA, MD 21045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,619 | $508,907 | -$501,288 | $64 | $0 | $64 |
| December 31, 2024 | 990 | $687,537 | $389,354 | $298,183 | $511,758 | $9,444 | $502,314 |
| December 31, 2023 | 990 | $588,925 | $578,713 | $10,212 | $281,965 | $77,833 | $204,132 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $7,619
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $48,539
- Salaries, compensation and benefits (total)
- $52,166
- Professional fundraising fees
- $0
- Accounting fees
- $6,417
- Program services (functional)
- $214,372
- Management and general (functional)
- $291,927
- Fundraising (functional)
- $2,608
Balance sheet and other
- Total assets, start of year
- $511,758
- Total assets, end of year
- $64
- Total liabilities, end of year
- $0
- Net assets, end of year
- $64
- Net assets without donor restrictions
- $64
- Gross receipts
- $7,619
- Employees
- 1
- Year formed
- 2019
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Radiah Rhodes | Vice Chair Trustee or director, Officer | 5 | $0 |
| Jetheda Hernandez | Chair Trustee or director, Officer | 5 | $0 |
| Minah Woo | Member Trustee or director, Officer | 5 | $0 |
| LKimberly Prescott | Member Trustee or director | 5 | $0 |
| Laura Bacon | Founder and CEO Officer | 40 | $0 |
| Patricia W Marshall | Treasurer Officer | 5 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Radiah Rhodes | Vice Chair Trustee or director, Officer | 5 | $0 |
| Jetheda Hernandez | Chair Trustee or director, Officer | 5 | $0 |
| Minah Woo | Member Trustee or director | 5 | $0 |
| LKimberly Prescott | Member Trustee or director | 5 | $0 |
| Laura Bacon | Founder and CEO Officer | 40 | $0 |
| Patricia W Marshall | Treasurer Officer | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Minah Woo | Member Trustee or director | 1.5 | $0 |
| LKimberly Prescott | Member Trustee or director | 1.5 | $0 |
| Jetheda Hernandez | Chair Trustee or director, Officer | 1.5 | $0 |
| Radiah Rhodes | Vice Chair Trustee or director, Officer | 1.5 | $0 |
| Laura Bacon | Founder and CEO Officer | 70 | $0 |
| Patricia W Marshall | Treasurer Officer | 1.5 | $0 |
Address and contacts
- Address (IRS master file)
- 6420 FAIRMEAD LN, COLUMBIA, MD 21045-4424
- In care of
- % LAURA BACON
- Mailing address (990-N for 2020)
- 6420 Fairmead Ln, Columbia MD 21045
- Principal officer (990 for 2025)
- Minah Woo, 6420 Fairmead Lane, Columbia, MD 210450000
- Principal officer (990-N for 2020)
- Laura Bacon, 6420 Fairmead Ln, Columbia MD 21045
- Signed the 990
- LAURA BACON, Founder and CEO
- Phone
- (443) 904-3403
- Website
- www.the3rd.org
- Return prepared by
- CN Accounting & Business Services
Mission
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.
Program accomplishments
- 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. During the months of June, 50 women gathered for a 2 day event which featured 10 entrepreneurs as speakers and faciliators. For the existing survey, 100% of the women gained tools to move their businesses forward and create clear revenue generating strategies.Expenses $214,372
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-2311250
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $64
- Income (IRS master file)
- $7,619
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,619 | $508,907 | $64 | XML |
| 990 | December 2024 | $687,537 | $389,354 | $511,758 | XML |
| 990 | December 2023 | $588,925 | $578,713 | $281,965 | XML |
| 990 | December 2022 | $450,195 | $521,470 | $321,398 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Laura Bacon | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Laura Bacon | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-2311250).
Questions about THE 3RD INC
- What is the EIN of THE 3RD INC?
- The employer identification number (EIN) of THE 3RD INC is 84-2311250.
- Is THE 3RD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THE 3RD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE 3RD INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE 3RD INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE 3RD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE 3RD INC?
- The 990 for the year ended December 31, 2025 names Minah Woo.
- Who are the officers and directors of THE 3RD INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does THE 3RD INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,619, expenses of $508,907 and total assets of $64 at year end.
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