Civic Intelligence

Seed Charities DBA Threads of Hope

990 • Fiscal year 2016 • EIN 26-4580974

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 03, 2017

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

88th percentile

0.40x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.71x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

42nd percentile

0.0%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

90th percentile

$43,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 27.6% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-7.9%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$275,822

Up $27,701 (+11%) from 2015

Net Assets

Up

$165,753

Up $69 (+0.0%) from 2015

Liabilities

Up

$110,069

Up $27,632 (+34%) from 2015

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin42nd percentile

Revenue

Down

$155,663

Down $13,335 (-7.9%) from 2015

Expenses

Down

$155,594

Down $38,199 (-20%) from 2015

Net Income

Up

$69

Up $24,864 (+100%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2016

Assets$275,822
Liabilities$110,069
Net Assets$165,753
Open 2016 Filing

Operations Trend

Revenue Growth37th 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

2016

Revenue$155,663
Expenses$155,594
Net Income$69
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$224,719
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
Cash and Non-Interest-Bearing Accounts$193,083$221,923▲ $28,840
Rtn Earn Endowment Incm Other Fnds$159,368$159,437▲ $69
Inventories for Sale or Use$50,094$53,899▲ $3,805
Pd in Cap Srpls Land Bldg Eqp Fund$5,316$5,316→ $0
Prepaid Expenses and Deferred Charges$4,590$0▼ $4,590
Cap Stk Tr Prin Current Funds$1,000$1,000→ $0
Land, Buildings, and Equipment, Net$207$0▼ $207
Accounts Receivable$147$0▼ $147
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$248,121$275,822▲ $27,701
Other Assets Total-$0-
Liabilities
Other Liabilities$80,779$107,279▲ $26,500
Accounts Payable and Accrued Expenses$1,658$2,790▲ $1,132
Total Liabilities$82,437$110,069▲ $27,632
Net Assets / Fund Balance
Total Net Assets Fund Balance$165,684$165,753▲ $69
Total Liabilities and Net Assets / Fund Balance$248,121$275,822▲ $27,701

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,158$2,158
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleBaseTotal
Cynthia M RawnProject Director$43,000$43,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$91,015
Program Service Revenue
$137,465
Investment Income
$44
Other Revenue
$-72,861
All Other Contributions
$85,281
Change in Net Assets
$69
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,964
Salaries, Compensation, and Employee Benefits$61,630
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$43,000--$43,000
Other Salaries and Wages$14,250--$14,250
Travel$9,483--$9,483
All Other Expenses$3,393$2,505-$5,898
Advertising$5,222--$5,222
Payroll Taxes$4,380--$4,380
Fees for Services Accounting$3,863--$3,863
Insurance$3,693--$3,693
Other Expenses$3,553$1,979-$1,979
Office Expenses-$1,174-$1,174
Depreciation Depletion$207--$207
Total Functional Expenses$149,936$5,658$0$155,594
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$103,097
Sales Tax Payable$3,151
Payroll Taxes Payable$1,031
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
Treasurer
Signed
2017-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
100

Preparer

Firm
Gksr Pllc
Address
16250 Knoll Trail Drive Suite 207, Dallas, TX 75248
Preparer
Joe M Kelley
Phone
9722486646
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0111394
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt096
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0132971
IRS990/PYOtherRevenueAmt0-70234
IRS990/PYProgramServiceRevenueAmt0127742
IRS990/PYRevenuesLessExpensesAmt0-24795
IRS990/PYSalariesCompEmpBnftPaidAmt060822
IRS990/PYTotalExpensesAmt0193793
IRS990/PYTotalRevenueAmt0168998
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt069
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0159368
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0159437
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt018000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt018000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt091015
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0111394
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt087710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt082483
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt086216
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0458818
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0115
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0470
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0137465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0127742
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0158835
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0116190
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0106790
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0647022
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0115
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0470
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98330
IRS990ScheduleA/PublicSupportPY509Pct00.99950
IRS990ScheduleA/PublicSupportTotal509Amt01087840
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt018000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt018000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0228480
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0198673
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0193006
IRS990ScheduleA/Total509Grp/TotalAmt01105840
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0228524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0239232
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0246680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0198788
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0193086
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01106310
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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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/DepreciationAmt02158
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01031
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1103097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23151
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Return Revenue Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Sales Tax Payable
IRS990ScheduleD/TotalLiabilityAmt0107279
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0248121
IRS990/TotalAssetsEOYAmt0275822
IRS990/TotalAssetsGrp/BOYAmt0248121
IRS990/TotalAssetsGrp/EOYAmt0275822
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt091015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$275,822
Liabilities
$110,069
Net assets
$165,753
Revenue
$155,663
Expenses
$155,594
Net income
$69
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
2016Detailed filing. Detailed filing data is available for this year.$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