Nonprofit · EIN 88-0867975
CITY THREAD
Tax-exempt · DENVER, CO 80202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,034,549 | $1,998,158 | $36,391 | $1,543,265 | $69,381 | $1,473,884 |
| December 31, 2024 | 990 | $2,432,416 | $1,497,413 | $935,003 | $1,439,100 | $1,607 | $1,437,493 |
| December 31, 2023 | 990 | $1,228,221 | $1,087,026 | $141,195 | $584,290 | $81,800 | $502,490 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,804,994
- Program service revenue
- $204,157
- Investment income
- $6,579
- Net gain from sales of assets
- -$934
- Other revenue
- $18,819
Expenses
- Grants and similar amounts paid
- $64,759
- Compensation of officers, directors and key employees
- $378,597
- Salaries, compensation and benefits (total)
- $434,004
- Professional fundraising fees
- $0
- Legal fees
- $597
- Accounting fees
- $18,186
- Occupancy
- $9,068
- Travel
- $185,614
- Depreciation
- $2,480
- Program services (functional)
- $1,637,133
- Management and general (functional)
- $197,220
- Fundraising (functional)
- $163,805
Balance sheet and other
- Total assets, start of year
- $1,439,100
- Total assets, end of year
- $1,543,265
- Total liabilities, end of year
- $69,381
- Net assets, end of year
- $1,473,884
- Land, buildings and equipment
- $6,547
- Net assets without donor restrictions
- -$308,709
- Net assets with donor restrictions
- $1,782,593
- Gross receipts
- $2,036,300
- Employees
- 3
- Year formed
- 2022
- State of legal domicile
- CO
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 |
|---|---|---|---|
| ZOE KIRCOS | SECRETARY/PA Officer | 40 | $133,800 |
| KYLE WAGENSCHUTZ | CFO/PARTNER Officer | 40 | $133,800 |
| SARA STUDDARD | PARTNER Officer | 40 | $133,800 |
| PATRICK HENDRICKS | PRESIDENT Trustee or director, Officer | 0.8 | $2,000 |
| YENDRA RUIZ TENCZA | TREASURER Trustee or director, Officer | 0.8 | $2,000 |
| ABBY MILLER | BOARD MEMBER Trustee or director | 0.8 | $2,000 |
| DAN FAVRE | BOARD MEMBER Trustee or director | 0.8 | $250 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZOE KIRCOS | SECRETARY/PA Officer | 40 | $120,100 | $7,200 |
| KYLE WAGENSCHUTZ | CFO/PARTNER Officer | 40 | $120,100 | $7,200 |
| SARA STUDDARD | PARTNER Officer | 40 | $120,100 | $7,200 |
| PATRICK HENDRICKS | PRESIDENT Trustee or director, Officer | 0.8 | $2,000 | $0 |
| YENDRA RUIZ TENCZA | TREASURER Trustee or director, Officer | 0.8 | $2,000 | $0 |
| ABBY MILLER | BOARD MEMBER Trustee or director | 0.8 | $2,000 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ZOE KIRCOS | SECRETARY/PA Officer | 40 | $102,900 | $4,800 |
| SARA STUDDARD | PARTNER Officer | 40 | $102,900 | $4,800 |
| KYLE WAGENSCHUTZ | CFO/PARTNER Officer | 40 | $102,900 | $4,800 |
| PATRICK HENDRICKS | PRESIDENT Trustee or director, Officer | 0.8 | $2,000 | $0 |
| ABBY MILLER | BOARD MEMBER Trustee or director | 0.8 | $2,000 | $0 |
| YENDRA RUIZ TENCZA | TREASURER Trustee or director, Officer | 0.8 | $2,000 | $0 |
Address and contacts
- Address (IRS master file)
- 1550 LARIMER STREET STE 863, DENVER, CO 80202-1602
- Principal officer (990 for 2025)
- KYLE WAGENSCHUTZ, 1550 LARIMER STREET STE 863, DENVER, CO 80202
- Signed the 990
- KYLE WAGENSCHUTZ, CFO/PARTNER
- Phone
- (720) 466-5228
- Website
- WWW.CITYTHREAD.ORG
- Return prepared by
- ALTRUIC ADVISORS CPAS
Mission
WE WORK TO CONNECT PEOPLE AND COMMUNITIES. WE IDENTIFY THE RIGHT MIX OF PARTNERS, RESOURCES, STRATEGY, AND ACCOUNTABILITY TO HELP LOCAL LEADERS THINK BROADLY ABOUT THEIR PROJECTS AND OUTCOMES.
Program accomplishments
- CITY THREAD'S PROGRAM REVENUE IS COMPRISED OF FEE-FOR-SERVICE INCOME, GRANTS, AND MATCH FUNDING FOR TECHNICAL ASSISTANCE AWARDS.Expenses $1,637,133 · grants $64,759 · revenue $204,157
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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
- 88-0867975
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $1,543,265
- Income (IRS master file)
- $2,036,300
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,034,549 | $1,998,158 | $1,543,265 | XML |
| 990 | December 2024 | $2,432,416 | $1,497,413 | $1,439,100 | XML |
| 990 | December 2023 | $1,228,221 | $1,087,026 | $584,290 | XML |
| 990 | December 2022 | $677,547 | $316,252 | $374,345 | IRS |
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 88-0867975).
Questions about CITY THREAD
- What is the EIN of CITY THREAD?
- The employer identification number (EIN) of CITY THREAD is 88-0867975.
- Is CITY THREAD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CITY THREAD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CITY THREAD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CITY THREAD 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 CITY THREAD 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 CITY THREAD?
- The 990 for the year ended December 31, 2025 names KYLE WAGENSCHUTZ.
- Who are the officers and directors of CITY THREAD?
- The 990 for the year ended December 31, 2025 lists 7 people; 7 received compensation from the organization, the highest $133,800 (ZOE KIRCOS, SECRETARY/PA).
- How much revenue does CITY THREAD have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,034,549, expenses of $1,998,158 and total assets of $1,543,265 at year end.
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All nonprofits in DENVER · Colorado · Community improvement and capacity building