thread
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
thread meets the 20 Standards for Charity Accountability.
Stated Purpose:
“to advance the quality of early education and child development by empowering parents, educating child care professionals, and collaborating with our communities.”
Year, State Incorporated:
1985, AK
Also Known As:
Child Care Connection
thread states that it is a child care resource and referral organization offering services to families, early childhood educators, early childhood education programs, and communities across Alaska. The organization reports that it provides free child care referrals, child care consumer information, and parenting resources. thread manages two statewide programs, System for Early Education Development, which supports professional development for Alaska’s early educators, and Learn & Grow, a quality recognition and improvement system, that provides early childhood education programs with support and resources, through grants, technical assistance, and other resources to child care programs. The organization also states it collaborates with communities and advocates for the child care industry in order to increase access to early childhood education for all of Alaska's young children. In 2022, thread reported it made 11,237 child care referrals, trained 2,608 early educators, and held over 20 virtual legislative visits accompanied by early educators.
For the year ended June 30, 2022, thread's program expenses were:
| Program services | $29,394,845 |
| Total Program Expenses | $29,394,845 |
Chief Executive
Stephanie Berglund, Chief Executive Officer
Compensation*
$188,045
Chair of the Board
Monica Garcia-Itchoak
Chair's Profession / Business Affiliation
Lead Capacity Builder, Rasmuson Foundation
Board Size
15
Paid Staff Size
43
*2021 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Special events, Foundation grants, Print advertisements
Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $30,035,677, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on thread's audited financial statements for the year ended June 30, 2022.
Source of Funds
| Government | $29,861,059 |
| Investment loss, net | $932,560 |
| Contracts for services revenue | $281,651 |
| Foundations | $72,989 |
| Other income | $56,978 |
| Corporations | $42,163 |
| Individuals | $36,958 |
| In-kind contributions | $22,508 |
| Trainings and consultations revenue | $9,246 |
| Total Income | $30,290,296 |
Programs: 97% Fundraising: 1% Administrative: 2%
| Total Income | $30,290,296 |
| Total expenses: | $30,226,565 |
| Program expenses | $29,394,845 |
| Fundraising expenses | $197,449 |
| Administrative expenses | $634,271 |
| Other expenses | $0 |
| Income in Excess of Expenses | $63,731 |
| Beginning Net Assets | $1,811,553 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $1,875,284 |
| Total Liabilities | $489,487 |
| Total Assets | $2,364,771 |
Note: According to thread’s audited financial statements for the year ended June 30, 2022, the organization received in-kind contributions of $22,508 in the form of equipment ($15,207), rental space ($3,098), travel vouchers ($2,500), consulting services ($720), trainer services ($593), photography services ($240), and program materials ($150).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance