Civic Intelligence

Honduras Threads

EIN 20-1813265 • 501(c)3 • Dallas, TX

Profile

Honduras Thread's Mission is to strengthen the fabric of lives through work, pride and faith. Since we became a nonprofit in 2003, we started 5 cooperatives in rural communities near Tegucigalpa, Honduras to provide women a way to earn money without leaving their homes and families. Honduras Threads has taught the women embroidery and sewing techniques, business skills, provided designs and donated applique fabrics, and marketed their products in the U.S. All proceeds of the sales go directly to the artisans. In 2016, the women voted to seek a social enterprise designation from the Honduran government. This is a designation for agricultural and artisan businesses owned equally by all participants in rural areas. In October 2017, the government approved the designation for the business, Empressa de Servicio Multiples Mujere Artisanas Arte y Creatividad. This gives the business legitimacy and is a necessary step in setting them on a path toward sustainability in years to come.

938 W Greenbriar LaneDallas, TX 75208

www.hondurasthreads.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

92nd percentile

95%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

88th percentile

69%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$58,581

Up $28,518 (+95%) from 2024

Liabilities

Down

$0

Down $3,991 (-100%) from 2024

Net Assets

Up

$58,581

Up $32,509 (+125%) from 2024

Revenue

Up

$190,076

Up $77,638 (+69%) from 2024

Expenses

Up

$156,303

Up $29,178 (+23%) from 2024

Net Income

Up

$33,773

Up $48,460 (+330%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0-$20KAssets 2011: $22,221Liabilities 2011: $02011Assets 2012: $14,547Liabilities 2012: -$2092012Assets 2013: $52,869Liabilities 2013: $2,3922013Assets 2014: $13,850Liabilities 2014: $3722014Assets 2015: $38,672Liabilities 2015: $2,0232015Assets 2016: $5,729Liabilities 2016: $11,5102016Assets 2017: $9,138Liabilities 2017: $1772017Assets 2018: $21,275Liabilities 2018: -$3,6852018Assets 2019: $40,611Liabilities 2019: $3,7502019Assets 2020: $39,728Liabilities 2020: $28Net Assets 2020: $39,7002020Assets 2022: $50,294Liabilities 2022: $124Net Assets 2022: $50,1702022Assets 2023: $21,909Liabilities 2023: $9,702Net Assets 2023: $12,2072023Assets 2024: $30,063Liabilities 2024: $3,991Net Assets 2024: $26,0722024Assets 2025: $58,581Liabilities 2025: $0Net Assets 2025: $58,5812025

Highlighted filing

2025

Assets$58,581
Liabilities$0
Net Assets$58,581

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2011: $68,230Expenses 2011: $51,637Net Income 2011: $16,5932011Revenue 2012: $51,904Expenses 2012: $59,853Net Income 2012: -$7,9492012Revenue 2013: $87,284Expenses 2013: $49,749Net Income 2013: $37,5352013Revenue 2014: $44,448Expenses 2014: $81,447Net Income 2014: -$36,9992014Revenue 2015: $108,908Expenses 2015: $85,737Net Income 2015: $23,1712015Revenue 2016: $34,103Expenses 2016: $76,033Net Income 2016: -$41,9302016Revenue 2017: $67,050Expenses 2017: $52,308Net Income 2017: $14,7422017Revenue 2018: $66,884Expenses 2018: $57,695Net Income 2018: $9,1892018Revenue 2019: $69,424Expenses 2019: $57,523Net Income 2019: $11,9012019Revenue 2020: $51,298Expenses 2020: $48,459Net Income 2020: $2,8392020Revenue 2022: $63,275Expenses 2022: $70,239Net Income 2022: -$6,9642022Revenue 2023: $138,713Expenses 2023: $176,676Net Income 2023: -$37,9632023Revenue 2024: $112,438Expenses 2024: $127,125Net Income 2024: -$14,6872024Revenue 2025: $190,076Expenses 2025: $156,303Net Income 2025: $33,7732025

Highlighted filing

2025

Revenue$190,076
Expenses$156,303
Net Income$33,773

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$1.90$1.56$0.34
2024Detailed filing. Detailed filing data is available for this year.$0.30$0.04$0.26$1.12$1.27$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.22$0.10$0.12$1.39$1.77$0.38
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.63$0.70$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.51$0.48$0.03
2019Summary only. Only limited summary data is available for this year.$0.41$0.04$0.69$0.58$0.12
2018Summary only. Only limited summary data is available for this year.$0.21$0.04$0.67$0.58$0.09
2017Summary only. Only limited summary data is available for this year.$0.09$0.00$0.67$0.52$0.15
2016Summary only. Only limited summary data is available for this year.$0.06$0.12$0.34$0.76$0.42
2015Summary only. Only limited summary data is available for this year.$0.39$0.02$1.09$0.86$0.23
2014Summary only. Only limited summary data is available for this year.$0.14$0.00$0.44$0.81$0.37
2013Summary only. Only limited summary data is available for this year.$0.53$0.02$0.87$0.50$0.38
2012Summary only. Only limited summary data is available for this year.$0.15$0.00$0.52$0.60$0.08
2011Summary only. Only limited summary data is available for this year.$0.22$0.00$0.68$0.52$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 5, 2025
Return Version
2024v5.0
Gross Receipts
$199,495
Mission and Program Overview

Mission

Honduras Thread's Mission is to strengthen the fabric of lives through work, pride and faith. Since we became a nonprofit in 2003, we started 5 cooperatives in rural communities near Tegucigalpa, Honduras to provide women a way to earn money without leaving their homes and families. Honduras Threads has taught the women embroidery and sewing techniques, business skills, provided designs and donated applique fabrics, and marketed their products in the U.S. All proceeds of the sales go directly to the artisans. In 2016, the women voted to seek a social enterprise designation from the Honduran government. This is a designation for agricultural and artisan businesses owned equally by all participants in rural areas. In October 2017, the government approved the designation for the business, Empressa de Servicio Multiples Mujere Artisanas Arte y Creatividad. This gives the business legitimacy and is a necessary step in setting them on a path toward sustainability in years to come.

Program Services

DescriptionGrantsExpenses
We have resumed events and activities this fiscal year after the end of the pandemic. We have also continued fundraising efforts. We have held an art show to help boost sales that was very successful.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bill BancroftPresidentFT$0--
Suki JarzemskySecretary-$0--
Tom BlackmonDirector-$0--
David BoyettDirector-$0--
Melisa NelsonDirector-$0--
Lynn VogtDirector-$0--
Brian ShawDirector-$0--
Kay WhelanDirector-$0--
Sara BennettDirector-$0--
John JarzemskyDirector-$0--
Beth HiseDirector-$0--
Filing and Contact Details

Filer

Filer Name
Honduras Threads
EIN
20-1813265
Phone
2146328595
Address
938 W Greenbriar Lane, Dallas, TX 75208

Signing Officer

Name
Bill Bancroft
Title
President
Phone
2146328595
Signed
2025-08-05
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Received from Non-Program Sales

Form 990-EZ, Part I, Line 16

Bank Charges 1,029, Dues & Subscriptions 1,766, Travel 6,625, Telephone 748, Marketing 20,304, Insurance Expense 1.625, Office Supplies 450, Credit Card Fees 2,259, Fuel 1,665, Event Expense 12,340, Volunteers 106, Meal & Ent 1,013, Computer 1,421

Form 990-EZ, Part I, Line 20

Petty Cash previously held in Honduras was reconciled and reimbursed to the women.

Form 990-EZ, Part II, Line 24

Inventory

Raw XML Appendix207 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0Honduras Thread's Mission is to strengthen the fabric of lives through work, pride and faith. Since we became a nonprofit in 2003, we started 5 cooperatives in rural communities near Tegucigalpa, Honduras to provide women a way to earn money without leaving their homes and families. Honduras Threads has taught the women embroidery and sewing techniques, business skills, provided designs and donated applique fabrics, and marketed their products in the U.S. All proceeds of the sales go directly to the artisans. In 2016, the women voted to seek a social enterprise designation from the Honduran government. This is a designation for agricultural and artisan businesses owned equally by all participants in rural areas. In October 2017, the government approved the designation for the business, Empressa de Servicio Multiples Mujere Artisanas Arte y Creatividad. This gives the business legitimacy and is a necessary step in setting them on a path toward sustainability in years to come.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bank Charges 1,029, Dues & Subscriptions 1,766, Travel 6,625, Telephone 748, Marketing 20,304, Insurance Expense 1.625, Office Supplies 450, Credit Card Fees 2,259, Fuel 1,665, Event Expense 12,340, Volunteers 106, Meal & Ent 1,013, Computer 1,421
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Petty Cash previously held in Honduras was reconciled and reimbursed to the women.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Inventory
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Bill Bancroft
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02146328595
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-05
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ReturnHeader/Filer/BusinessNameControlTxt0HOND
ReturnHeader/Filer/EIN0201813265
ReturnHeader/Filer/PhoneNum02146328595
ReturnHeader/Filer/USAddress/AddressLine1Txt0938 W Greenbriar Lane
ReturnHeader/Filer/USAddress/CityNm0Dallas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075208
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-09-30T15:04:40-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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