Civic Intelligence

Seed Charities DBA Threads of Hope

990 • Fiscal year 2014 • EIN 26-4580974

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2015

Organization Profilewww.tohtexas.org
7400 Gurney DrivePlano, TX 75024

(972) 618-5306

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

87th percentile

0.21x

Higher debt load relative to revenue than 87% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

91st percentile

46%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

86th percentile

$30,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

73rd percentile

23%

Faster asset growth than 73% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

56th percentile

5.5%

Faster revenue growth than 56% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$224,607

Up $41,340 (+23%) from 2013

Net Assets

Up

$190,479

Up $47,868 (+34%) from 2013

Liabilities

Down

$34,128

Down $6,528 (-16%) from 2013

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin91st percentile

Revenue

Up

$163,761

Up $8,572 (+5.5%) from 2013

Expenses

Up

$88,277

Up $24,219 (+38%) from 2013

Net Income

Down

$75,484

Down $15,647 (-17%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$300K$200K$100K$0Assets 2011: $100,854Liabilities 2011: $19,796Net Assets 2011: $81,0582011Assets 2012: $118,518Liabilities 2012: $23,791Net Assets 2012: $94,7272012Assets 2013: $183,267Liabilities 2013: $40,656Net Assets 2013: $142,6112013Assets 2014: $224,607Liabilities 2014: $34,128Net Assets 2014: $190,4792014Assets 2015: $248,121Liabilities 2015: $82,437Net Assets 2015: $165,6842015Assets 2016: $275,822Liabilities 2016: $110,069Net Assets 2016: $165,7532016Assets 2017: $286,689Liabilities 2017: $120,389Net Assets 2017: $166,3002017Assets 2018: $297,429Liabilities 2018: $144,121Net Assets 2018: $153,3082018Assets 2019: $242,545Liabilities 2019: $123,270Net Assets 2019: $119,2752019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2014

Assets$224,607
Liabilities$34,128
Net Assets$190,479
Open 2014 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KExpenses 2011: $43,5662011Expenses 2012: $59,5022012Revenue 2013: $155,189Expenses 2013: $64,058Net Income 2013: $91,1312013Revenue 2014: $163,761Expenses 2014: $88,277Net Income 2014: $75,4842014Revenue 2015: $168,998Expenses 2015: $193,793Net Income 2015: -$24,7952015Revenue 2016: $155,663Expenses 2016: $155,594Net Income 2016: $692016Revenue 2017: $152,527Expenses 2017: $151,980Net Income 2017: $5472017Revenue 2018: $163,112Expenses 2018: $176,104Net Income 2018: -$12,9922018Revenue 2019: $119,421Expenses 2019: $153,454Net Income 2019: -$34,0332019Revenue 2020: -$3,156Expenses 2020: $93,557Net Income 2020: -$96,7132020

Highlighted filing

2014

Revenue$163,761
Expenses$88,277
Net Income$75,484
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2015
Return Version
2014v5.0
Gross Receipts
$237,863
Mission and Program Overview

Mission

The mission of Threads of Hope is to break the cycle of poverty through strategies that empower the economically disadvantaged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$136,295$184,163▲ $47,868
Cash and Non-Interest-Bearing Accounts$141,626$174,442▲ $32,816
Inventories for Sale or Use$31,000$39,818▲ $8,818
Pd in Cap Srpls Land Bldg Eqp Fund$5,316$5,316→ $0
Pledges and Grants Receivable$5,200$5,200→ $0
Prepaid Expenses and Deferred Charges$4,703$4,703→ $0
Cap Stk Tr Prin Current Funds$1,000$1,000→ $0
Land, Buildings, and Equipment, Net$738$443▼ $295
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$183,267$224,607▲ $41,340
Other Assets Total-$1-
Liabilities
Other Liabilities$38,649$33,132▼ $5,517
Accounts Payable and Accrued Expenses$2,007$996▼ $1,011
Total Liabilities$40,656$34,128▼ $6,528
Net Assets / Fund Balance
Total Net Assets Fund Balance$142,611$190,479▲ $47,868
Total Liabilities and Net Assets / Fund Balance$183,267$224,607▲ $41,340

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$443$1,715$2,158
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleBaseTotal
Cynthia M RawnProject Director$30,000$30,000

Board Members and Trustees

NameTitle
Istvan PalagyiPresident
Scott SchererVice President
Joleah MontgomeryDirector
Kim NimonDirector
Laura Lee SchererDirector
Stewart LovettDirector
Laura PalagyiSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$87,710
Program Service Revenue
$158,836
Investment Income
$135
Other Revenue
$-82,920
All Other Contributions
$84,125
Change in Net Assets
$75,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$50,325
Other Expenses$37,952
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$32,166--$32,166
Other Salaries and Wages$14,583--$14,583
Travel$12,671--$12,671
Insurance$4,531--$4,531
Fees for Services Accounting$4,075--$4,075
Payroll Taxes$3,576--$3,576
Advertising$3,102--$3,102
All Other Expenses$1,850$371-$2,221
Other Expenses$1,296$2,875-$1,296
Office Expenses-$1,278-$1,278
Depreciation Depletion$295--$295
Total Functional Expenses$83,753$4,524$0$88,277
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Return Revenue Payable$26,041
Sales Tax Payable$4,468
Payroll Taxes Payable$2,623
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Istvan and Laura Palagyi are married and serve as President and Secretary/Treasurer, respectively. Also Scott and Laura Lee Scherer are married and serve on the Board of Directors.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Seed Charities
EIN
26-4580974
Phone
9726185306
Address
7400 GURNEY DRIVE, PLANO, TX 75024

Signing Officer

Name
Laura Palagyi
Title
Secretary/Treas
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
100

Preparer

Firm
Gksr Pllc
Address
16250 Knoll Trail Drive Suite 207, Dallas, TX 75248
Preparer
Scott S Scherer CPA
Phone
9722679655
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Distributions to Artisans = -$27616”

Raw XML AppendixShowing 400 of 463 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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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Product Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0158836
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0158836
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt082483
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0115
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt026334
IRS990/PYOtherRevenueAmt0-48865
IRS990/PYProgramServiceRevenueAmt0121456
IRS990/PYRevenuesLessExpensesAmt091131
IRS990/PYSalariesCompEmpBnftPaidAmt037724
IRS990/PYTotalExpensesAmt064058
IRS990/PYTotalRevenueAmt0155189
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt075484
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0136295
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0184163
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt035885
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt035885
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt087710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt082483
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt086216
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt043663
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt059119
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0359191
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0115
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt067
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0411
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0158835
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0116190
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0106790
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0108525
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt099687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0590027
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0115
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0411
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96180
IRS990ScheduleA/PublicSupportPY509Pct00.93560
IRS990ScheduleA/PublicSupportTotal509Amt0913333
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt035885
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt035885
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0246545
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0198673
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0193006
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0152188
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0158806
IRS990ScheduleA/Total509Grp/TotalAmt0949218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0246680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0198788
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0193086
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0152255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0158820
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0949629
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0443
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01715
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126041
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24468
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Return Revenue Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Sales Tax Payable
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0443
IRS990ScheduleD/TotalLiabilityAmt033132
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Istvan and Laura Palagyi are married and serve as President and Secretary/Treasurer, respectively. Also Scott and Laura Lee Scherer are married and serve on the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Distributions to Artisans = -$27616
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$224,607
Liabilities
$34,128
Net assets
$190,479
Revenue
$163,761
Expenses
$88,277
Net income
$75,484
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.03$0.94$0.97
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.43$1.23$1.19$1.19$1.53$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$1.44$1.53$1.63$1.76$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$1.20$1.66$1.53$1.52$0.01
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$1.10$1.66$1.56$1.56$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.48$0.82$1.66$1.69$1.94$0.25
2014Detailed filing. Detailed filing data is available for this year.$2.25$0.34$1.90$1.64$0.88$0.75
2013Detailed filing. Detailed filing data is available for this year.$1.83$0.41$1.43$1.55$0.64$0.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.24$0.95$0.60
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.20$0.81$0.44
Peer Organizations

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