Civic Intelligence

Honduras Threads

990EZ • Fiscal year 2023 • EIN 20-1813265

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 08, 2023

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

89th percentile

0.44x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

16th percentile

-27%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

9th percentile

-56%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

119%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$21,909

Down $28,385 (-56%) from 2022

Net Assets

Down

$12,207

Down $37,963 (-76%) from 2022

Liabilities

Up

$9,702

Up $9,578 (+7724%) from 2022

Revenue

Up

$138,713

Up $75,438 (+119%) from 2022

Expenses

Up

$176,676

Up $106,437 (+152%) from 2022

Net Income

Down

-$37,963

Down $30,999 (-445%) from 2022

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

2023

Assets$21,909
Liabilities$9,702
Net Assets$12,207

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

2023

Revenue$138,713
Expenses$176,676
Net Income-$37,963
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$148,407
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.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
M'Lou BancroftPresidentFT$0--
Suki JarzemskySecretary-$0--
Tom BlackmonDirector-$0--
David BoyettDirector-$0--
Ron StaffieriDirector-$0--
Lynn VogtDirector-$0--
Brian ShawDirector-$0--
OJ De SouzaDirector-$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
MLou Bancroft
Title
President
Phone
2149416626
Signed
2023-11-08
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Part 1, line 16 - Other revenue $7,102 - received from non-program sales

Form 990-EZ, Part I, Line 16

Part1 Line 16 other expenses Bank Service Fees 986 Dues and Subscriptions 2,117 Educando El Futuro 6,661 Travel 8,767 Telephone 948 Marketing 19,610 Meals 497 Insurance 3,974 Office Supplies 730 Computer 155 Fuel 1,248 Events 17,123 Petty Cash 1,360 Grant for women 1,050 Credit Card Fees 2,350 Medical 2,500 Total 70,076

Form 990-EZ, Part II, Line 24

Inventory

Form 990-EZ, Part II, Line 26

Sales Tax payable 406 Charges to reimburse 6,556 Due to AyC 2,740

Raw XML Appendix197 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/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
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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/ExplanationTxt0Part 1, line 16 - Other revenue $7,102 - received from non-program sales
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Part1 Line 16 other expenses Bank Service Fees 986 Dues and Subscriptions 2,117 Educando El Futuro 6,661 Travel 8,767 Telephone 948 Marketing 19,610 Meals 497 Insurance 3,974 Office Supplies 730 Computer 155 Fuel 1,248 Events 17,123 Petty Cash 1,360 Grant for women 1,050 Credit Card Fees 2,350 Medical 2,500 Total 70,076
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Inventory
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Sales Tax payable 406 Charges to reimburse 6,556 Due to AyC 2,740
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-08
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ReturnHeader/Filer/EIN0201813265
ReturnHeader/Filer/PhoneNum02149416626
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ReturnHeader/Filer/USAddress/CityNm0Dallas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075208
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-11-10T11:05:50-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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