Civic Intelligence

Seed Charities DBA Threads of Hope

990 • Fiscal year 2017 • EIN 26-4580974

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 24, 2018

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

0.42x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.79x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

43rd percentile

0.4%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

91st percentile

$46,600

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 30.6% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

53rd percentile

3.9%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

-2.0%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$286,689

Up $10,867 (+3.9%) from 2016

Net Assets

Up

$166,300

Up $547 (+0.3%) from 2016

Liabilities

Up

$120,389

Up $10,320 (+9.4%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin43rd percentile

Revenue

Down

$152,527

Down $3,136 (-2.0%) from 2016

Expenses

Down

$151,980

Down $3,614 (-2.3%) from 2016

Net Income

Up

$547

Up $478 (+693%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2017

Assets$286,689
Liabilities$120,389
Net Assets$166,300
Open 2017 Filing

Operations Trend

Revenue Growth44th 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

2017

Revenue$152,527
Expenses$151,980
Net Income$547
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 24, 2018
Return Version
2017v2.2
Gross Receipts
$241,976
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$221,923$221,707▼ $216
Rtn Earn Endowment Incm Other Fnds$159,437$159,984▲ $547
Inventories for Sale or Use$53,899$64,982▲ $11,083
Pd in Cap Srpls Land Bldg Eqp Fund$5,316$5,316→ $0
Cap Stk Tr Prin Current Funds$1,000$1,000→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$275,822$286,689▲ $10,867
Other Assets Total-$0-
Liabilities
Other Liabilities$107,279$120,389▲ $13,110
Accounts Payable and Accrued Expenses$2,790--
Total Liabilities$110,069$120,389▲ $10,320
Net Assets / Fund Balance
Total Net Assets Fund Balance$165,753$166,300▲ $547
Total Liabilities and Net Assets / Fund Balance$275,822$286,689▲ $10,867

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,158$2,158
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cynthia M RawnProject DirectorFT$46,600$46,600

Board Members and Trustees

NameTitle
Kim NimonPresident
Bob NimonDirector
Istvan PalagyiDirector
Joleah MontgomeryDirector
Rosalie MayoDirector
Stewart LovettDirector
Todd AtwoodDirector
Laura PalagyiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$82,667
Program Service Revenue
$159,298
Investment Income
$11
Other Revenue
$-89,449
All Other Contributions
$77,277
Change in Net Assets
$547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$87,282
Salaries, Compensation, and Employee Benefits$64,698
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$46,600--$46,600
Other Salaries and Wages$13,500--$13,500
All Other Expenses$5,038$3,240-$8,278
Fees for Services Accounting$3,875$1,125-$5,000
Payroll Taxes$4,598--$4,598
Insurance$3,638--$3,638
Travel$3,409--$3,409
Other Expenses$2,552--$2,552
Advertising$1,383--$1,383
Office Expenses-$1,254-$1,254
Total Functional Expenses$146,361$5,619$0$151,980
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$112,502
Sales Tax Payable$6,734
Payroll Taxes Payable$1,153
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 Director and Secretary/Treasurer, respectively.”

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
2018-10-24
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0159298
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt091015
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt044
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt093964
IRS990/PYOtherRevenueAmt0-72861
IRS990/PYProgramServiceRevenueAmt0137465
IRS990/PYRevenuesLessExpensesAmt069
IRS990/PYSalariesCompEmpBnftPaidAmt061630
IRS990/PYTotalExpensesAmt0155594
IRS990/PYTotalRevenueAmt0155663
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0547
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0159437
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0159984
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt015500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt018000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt033500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt082667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt091015
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0111394
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt087710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt082483
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0455269
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0115
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0401
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0159298
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0137465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0127742
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0158835
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0116190
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0699530
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0115
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0401
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97070
IRS990ScheduleA/PublicSupportPY509Pct00.98330
IRS990ScheduleA/PublicSupportTotal509Amt01121299
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt015500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt018000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt033500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0241965
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0228480
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0239136
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0246545
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0198673
IRS990ScheduleA/Total509Grp/TotalAmt01154799
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0241976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0228524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0239232
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0246680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0198788
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01155200
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02158
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01153
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1112502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Return Revenue Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Sales Tax Payable
IRS990ScheduleD/TotalLiabilityAmt0120389
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Istvan and Laura Palagyi are married and serve as Director and Secretary/Treasurer, respectively.
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/TotalAssetsBOYAmt0275822
IRS990/TotalAssetsEOYAmt0286689
IRS990/TotalAssetsGrp/BOYAmt0275822
IRS990/TotalAssetsGrp/EOYAmt0286689
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt082667
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05619
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0146361

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$286,689
Liabilities
$120,389
Net assets
$166,300
Revenue
$152,527
Expenses
$151,980
Net income
$547
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
2017Detailed filing. Detailed filing data is available for this year.$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