Rethreaded Inc
Nonprofit profile at a glance
- EIN
- 453036999
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2012
- Location
- Jacksonville, FL, US
- Phone
- (904) 438-8109
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Victims' Services
Reported finances
- Revenue
- $2,206,607
- Expenses
- $2,254,409
- Assets
- $4,665,285
- Liabilities
- $329,500
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Kristin Keen (Founder and CEO)
- Jason Jones (President & COO)
Highest reported compensation
- Kristin Keen (Founder and CEO): $95,014 total reported compensation
- Jason Jones (President & COO): $93,018 total reported compensation
- Nikki Tubig Foiles (CFO): $81,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rethreaded exists to renew hope, reignite dreams and release potential for survivors of human trafficking through business.
What it reported doing in 2024
Rethreaded provides employment to women in the Jacksonville, Florida area who are coming out of lives of addiction, violence, human trafficking, and prostitution. Many of these women leave prison with felony records which create significant challenges to employment. Rethreaded is a safe place where woman are paid a living wage and employed in five different areas at Rethreaded included marketing, administration and finance, production, inventory, and sales. Locally, the organization has directly helped many women in the Jacksonville area through employment at Rethreaded. The organization also provides an initial 3-month paid job training program where after completion the women continue employment at Rethreaded and specialize in one of the five areas listed above. During the training period, Rethreaded works with the employee to identify an area in the organization where she will thrive. The goal is to help employees develop valuable job skills and a renewed sense of confidence so they can become leaders and advocates in the organization and the community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 92
- Accountability: 91
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.7%; rating input score 58
- Program expense ratio: 57%; rating input score 57
- Fundraising efficiency: $4.87 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.2%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 2.07; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
- Officer compensation ratio: 12%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 16.6% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 17.4% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 25.3% per year; rating input score 100; 90th percentile among comparable filings
Details
- What they do: 3 operating locations identified
- Where the money goes: 57.7% of revenue deployed · 57% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $95K · 12 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Financial Efficiency: Fundraising efficiency scored 17/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Officer compensation ratio scored 25/100.