Honduras Threads

“Description;Amount^Non program sales pillow forms;1168^Total;1168^”

“Description;Amount^Bank Fees;481|Dues and Subscriptions;1422|Educando El Futuro;6000|Travel;3860|Telephone and Internet;1007|Marketing;2928|Meals;38|Insurance;1396|Office Supplies;1230|Computer;591|Fuel;1245|Event Expense;1656|Gifts;338|Printing;76|Sales Tax Expense;1028|Miscellaneous;793^Total;24089^”

“Due to the COVID pandemic, we wrote off some prior year uncollectable pledges and sales that were made good in the current fiscal year, as the pandemic was ending.”

“Description;EOY Amount^Sales Tax Payable;124^Total;124^”

“Primary Exempt Purpose- Honduras Thread's 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 Tegucigalpa, Honduras to provide the 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 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 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 the year to come.”