Civic Intelligence

Honduras Threads

990EZ • Fiscal year 2020 • EIN 20-1813265

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 21, 2022

938 W Greenbriar LaneDallas, TX 75208

(214) 941-6626

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.00x

Higher debt load relative to assets than 54% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.00x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

51st percentile

5.5%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

38th percentile

-2.2%

Faster asset growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

39th percentile

-26%

Faster revenue growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$39,728

Down $883 (-2.2%) from 2019

Net Assets

$39,700

No earlier filing loaded for comparison.

Liabilities

Down

$28

Down $3,722 (-99%) from 2019

Revenue

Down

$51,298

Down $18,126 (-26%) from 2019

Expenses

Down

$48,459

Down $9,064 (-16%) from 2019

Net Income

Down

$2,839

Down $9,062 (-76%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$39,728
Liabilities$28
Net Assets$39,700

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$51,298
Expenses$48,459
Net Income$2,839
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 21, 2022
Return Version
2019v5.2
Gross Receipts
$87,332
Mission and Program Overview

Mission

Honduras threads' mission is to strengthen the fabric of lives through work, pride and faith. Since honduras threads became a nonprofit in 2005, we started five cooperatives in rural communities near tegicigalpa, honduras to provide women a way to earn money without leaving their home and families. Honduras threads has taught the women embroidery and sewing techniques, business skills, provided designs and donated applique fabrics, and marketed theirproducts in the united states. All proceeds of the sales go directly to the artisans. In 2016, the women voted to seek a social enterprise designation from the honduran governement. 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, empresa de servicio multiples mujeres artesanas arte y creatividad. This gives the business legitimacy and is a necessary step in setting them on a path toward sustainability in

Program Services

DescriptionGrantsExpenses
HONDURAS THREADS' MISSION IS TO STRENGTHEN THE FABRIC OF LIVES THROUGH WORK, PRIDE AND FAITH. SINCE HONDURAS THREADS BECAME A NONPROFIT IN 2005, WE STARTED FIVE COOPERATIVES IN RURAL COMMUNITIES NEAR TEGICIGALPA, HONDURAS TO PROVIDE WOMEN A WAY TO EARN MONEY WITHOUT LEAVING THEIR HOME AND FAMILIES. HONDURAS THREADS HAS TAUGHT THE WOMEN EMBROIDERY AND SEWING TECHNIQUES, BUSINESS SKILLS, PROVIDED DESIGNS AND DONATED APPLIQUE FABRICS, AND MARKETED THEIRPRODUCTS IN THE UNITED STATES. ALL PROCEEDS OF THE SALES GO DIRECTLY TO THE ARTISANS. IN 2016, THE WOMEN VOTED TO SEEK A SOCIAL ENTERPRISE DESIGNATION FROM THE HONDURAN GOVERNEMENT. 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, EMPRESA DE SERVICIO MULTIPLES MUJERES ARTESANAS ARTE Y CREATIVIDAD. THIS GIVES THE BUSINESS LEGITIMACY AND IS A NECESSARY STEP IN SETTING THEM ON A PATH TOWARD SUSTAINABILITY IN THE YEARS TO COME. LAST YEAR'S TRIP TO MARKET THEIR PRODUCTS IN ROATAN RESULTED IN THREE GOOD CUSTOMERS WHO HAVE MADE REPEATED ORDERS THIS YEAR. TWO NEW PRODUCTS, GREETING CARDS AND CHRISTMAS ORNAMENTS, SUGGESTED BY THE SHOP OWNERS, HAVE BEEN VERY POPULAR. ON A SECOND TRIP THIS JUNE, THE WOMEN SOLD PRODUCTS TO FOUR NEW CUSTOMERS. WE'VE ALSO WORKED WITH THEM ON CUSTOMER RELATIONS AND DEVELOPING PROCESSES FOR PRODUCTION, INVENTORY OF SUPPLIES, QUALITY CONTROL, PREPARATION OF SHIPMENTS AND INVOICING.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
M'LOU BANCROFTPresidentFT$0--
SUKI JARZEMSKYSecretary-$0--
TOM BLACKMONDirector-$0--
GINGER BROWNDirector-$0--
BOB CAMPBELLDirector-$0--
MARGARET CERVINDirector-$0--
MELANIE MCGILLDirectorPT$0--
LYNN VOGTDirector-$0--
Filing and Contact Details

Filer

Filer Name
Honduras Threads
EIN
20-1813265
Phone
2149416626
Address
938 W GREENBRIAR LANE, DALLAS, TX 75208

Signing Officer

Name
M'LOU G BANCROFT
Title
President
Phone
2149416626
Signed
2022-01-21
Discuss with paid preparer
Yes

Preparer

Firm
Carr Riggs & Ingram LLC
Address
12400 COIT ROAD SUITE 1000, DALLAS, TX 75251
Preparer
Matthew J Gold CPA
Phone
2143465800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 7 - Sales of Inventory

Income: gross receipts: 22,768. Returns and allowances: 0. Less cost of goods sold: 36,034. Gross profit: -13,266. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 0. Cost of labor: 0. Materials and supplies: 0. Other costs: 36,034. Inventory at end of year: 0. Cost of goods sold: 36,034.

Form 990-ez, Part I, Line 7B - Other Costs

Description: cost of goods sold . Amount: 36,034.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: nonprogram. Amount: 1,093.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: nonprogram. Amount: 1,251. Description: bank service charges. Amount: 532. Description: books and publications. Amount: 173. Description: computer. Amount: 185. Description: credit card processing fees. Amount: 243. Description: educando el futuro. Amount: 8,702. Description: event expense. Amount: 582. Description: petty cash. Amount: 301. Description: insurance expense. Amount: 1,025. Description: marketing . Amount: 1,960. Description: mission trips. Amount: 6,295. Description: office supplies. Amount: 485. Description: product development. Amount: 694. Description: shipping supplies. Amount: 97. Description: telephone expense. Amount: 362. Description: booth furnishing. Amount: 156. Description: travel. Amount: 4,270. Description: moving & inventory storage rent. Amount: 4,296. Description: meals & enterteinment. Amount: 4. Total to form 990-ez, line 16: 31,613.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: sales tax payable. Beg. Of year amount: 821. End of year amount: 28. Description: charges to reimburse. Beg. Of year amount: 2,929. End of year amount: 0.

Raw XML Appendix181 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 THREADS' MISSION IS TO STRENGTHEN THE FABRIC OF LIVES THROUGH WORK, PRIDE AND FAITH. SINCE HONDURAS THREADS BECAME A NONPROFIT IN 2005, WE STARTED FIVE COOPERATIVES IN RURAL COMMUNITIES NEAR TEGICIGALPA, HONDURAS TO PROVIDE WOMEN A WAY TO EARN MONEY WITHOUT LEAVING THEIR HOME AND FAMILIES. HONDURAS THREADS HAS TAUGHT THE WOMEN EMBROIDERY AND SEWING TECHNIQUES, BUSINESS SKILLS, PROVIDED DESIGNS AND DONATED APPLIQUE FABRICS, AND MARKETED THEIRPRODUCTS IN THE UNITED STATES. ALL PROCEEDS OF THE SALES GO DIRECTLY TO THE ARTISANS. IN 2016, THE WOMEN VOTED TO SEEK A SOCIAL ENTERPRISE DESIGNATION FROM THE HONDURAN GOVERNEMENT. 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, EMPRESA DE SERVICIO MULTIPLES MUJERES ARTESANAS ARTE Y CREATIVIDAD. THIS GIVES THE BUSINESS LEGITIMACY AND IS A NECESSARY STEP IN SETTING THEM ON A PATH TOWARD SUSTAINABILITY IN
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0HONDURAS THREADS' MISSION IS TO STRENGTHEN THE FABRIC OF LIVES THROUGH WORK, PRIDE AND FAITH. SINCE HONDURAS THREADS BECAME A NONPROFIT IN 2005, WE STARTED FIVE COOPERATIVES IN RURAL COMMUNITIES NEAR TEGICIGALPA, HONDURAS TO PROVIDE WOMEN A WAY TO EARN MONEY WITHOUT LEAVING THEIR HOME AND FAMILIES. HONDURAS THREADS HAS TAUGHT THE WOMEN EMBROIDERY AND SEWING TECHNIQUES, BUSINESS SKILLS, PROVIDED DESIGNS AND DONATED APPLIQUE FABRICS, AND MARKETED THEIRPRODUCTS IN THE UNITED STATES. ALL PROCEEDS OF THE SALES GO DIRECTLY TO THE ARTISANS. IN 2016, THE WOMEN VOTED TO SEEK A SOCIAL ENTERPRISE DESIGNATION FROM THE HONDURAN GOVERNEMENT. 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, EMPRESA DE SERVICIO MULTIPLES MUJERES ARTESANAS ARTE Y CREATIVIDAD. THIS GIVES THE BUSINESS LEGITIMACY AND IS A NECESSARY STEP IN SETTING THEM ON A PATH TOWARD SUSTAINABILITY IN THE YEARS TO COME. LAST YEAR'S TRIP TO MARKET THEIR PRODUCTS IN ROATAN RESULTED IN THREE GOOD CUSTOMERS WHO HAVE MADE REPEATED ORDERS THIS YEAR. TWO NEW PRODUCTS, GREETING CARDS AND CHRISTMAS ORNAMENTS, SUGGESTED BY THE SHOP OWNERS, HAVE BEEN VERY POPULAR. ON A SECOND TRIP THIS JUNE, THE WOMEN SOLD PRODUCTS TO FOUR NEW CUSTOMERS. WE'VE ALSO WORKED WITH THEM ON CUSTOMER RELATIONS AND DEVELOPING PROCESSES FOR PRODUCTION, INVENTORY OF SUPPLIES, QUALITY CONTROL, PREPARATION OF SHIPMENTS AND INVOICING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INCOME: GROSS RECEIPTS: 22,768. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 36,034. GROSS PROFIT: -13,266. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 0. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 36,034. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 36,034.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: COST OF GOODS SOLD . AMOUNT: 36,034.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: NONPROGRAM. AMOUNT: 1,093.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: NONPROGRAM. AMOUNT: 1,251. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 532. DESCRIPTION: BOOKS AND PUBLICATIONS. AMOUNT: 173. DESCRIPTION: COMPUTER. AMOUNT: 185. DESCRIPTION: CREDIT CARD PROCESSING FEES. AMOUNT: 243. DESCRIPTION: EDUCANDO EL FUTURO. AMOUNT: 8,702. DESCRIPTION: EVENT EXPENSE. AMOUNT: 582. DESCRIPTION: PETTY CASH. AMOUNT: 301. DESCRIPTION: INSURANCE EXPENSE. AMOUNT: 1,025. DESCRIPTION: MARKETING . AMOUNT: 1,960. DESCRIPTION: MISSION TRIPS. AMOUNT: 6,295. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 485. DESCRIPTION: PRODUCT DEVELOPMENT. AMOUNT: 694. DESCRIPTION: SHIPPING SUPPLIES. AMOUNT: 97. DESCRIPTION: TELEPHONE EXPENSE. AMOUNT: 362. DESCRIPTION: BOOTH FURNISHING. AMOUNT: 156. DESCRIPTION: TRAVEL. AMOUNT: 4,270. DESCRIPTION: MOVING & INVENTORY STORAGE RENT. AMOUNT: 4,296. DESCRIPTION: MEALS & ENTERTEINMENT. AMOUNT: 4. TOTAL TO FORM 990-EZ, LINE 16: 31,613.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: SALES TAX PAYABLE. BEG. OF YEAR AMOUNT: 821. END OF YEAR AMOUNT: 28. DESCRIPTION: CHARGES TO REIMBURSE. BEG. OF YEAR AMOUNT: 2,929. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 7B - OTHER COSTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/USAddress/AddressLine1Txt0938 W GREENBRIAR LANE
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012400 COIT ROAD SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075251
ReturnHeader/PreparerPersonGrp/PhoneNum02143465800
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW J GOLD CPA
ReturnHeader/ReturnTs02022-01-24T13:23:47-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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