Civic Intelligence

Seed Charities DBA Threads of Hope

990 • Fiscal year 2018 • EIN 26-4580974

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

89th percentile

0.48x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

0.88x

Higher debt load relative to revenue than 95% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

26th percentile

-8.0%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

91st percentile

$46,600

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

54th percentile

3.7%

Faster asset growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

6.9%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$297,429

Up $10,740 (+3.7%) from 2017

Net Assets

Down

$153,308

Down $12,992 (-7.8%) from 2017

Liabilities

Up

$144,121

Up $23,732 (+20%) from 2017

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin26th percentile

Revenue

Up

$163,112

Up $10,585 (+6.9%) from 2017

Expenses

Up

$176,104

Up $24,124 (+16%) from 2017

Net Income

Down

-$12,992

Down $13,539 (-2475%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2018

Assets$297,429
Liabilities$144,121
Net Assets$153,308
Open 2018 Filing

Operations Trend

Revenue Growth59th 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

2018

Revenue$163,112
Expenses$176,104
Net Income-$12,992
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$286,018
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$221,707$257,702▲ $35,995
Rtn Earn Endowment Incm Other Fnds$159,984$146,992▼ $12,992
Inventories for Sale or Use$64,982$33,276▼ $31,706
Accounts Receivable-$6,451-
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-
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$286,689$297,429▲ $10,740
Other Assets Total-$0-
Liabilities
Other Liabilities$120,389$143,103▲ $22,714
Accounts Payable and Accrued Expenses-$1,018-
Total Liabilities$120,389$144,121▲ $23,732
Net Assets / Fund Balance
Total Net Assets Fund Balance$166,300$153,308▼ $12,992
Total Liabilities and Net Assets / Fund Balance$286,689$297,429▲ $10,740

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
$106,636
Program Service Revenue
$179,371
Investment Income
$11
Other Revenue
$-122,906
All Other Contributions
$93,862
Change in Net Assets
$-12,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,406
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$7,908$3,345-$11,253
Travel$8,770--$8,770
Payroll Taxes$4,598--$4,598
Office Expenses-$3,372-$3,372
Insurance$3,174--$3,174
Other Expenses$3,085--$3,085
Fees for Services Accounting$1,635$1,125-$2,760
Advertising$1,784--$1,784
Total Functional Expenses$168,262$7,842$0$176,104
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$135,675
Sales Tax Payable$6,365
Payroll Taxes Payable$1,063
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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.Kim and Bob Nimon are married and serve as President and Director, 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
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
100

Preparer

Firm
Gksr Pllc
Address
16250 Knoll Trail Drive Suite 207, Dallas, TX 75248
Preparer
Joe M Kelley
Phone
9722486646
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“Board of Directors act as the review committee.”

Amended Explanation

“Part XII, 2a - The organization's financial statements were reviewed by an independent accountant and the Board of Directors are acting as the Review Committee. No changes were made to the return other than what is stated above.”

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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt05316
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt05316
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Product Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0179371
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0179371
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt082667
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt087282
IRS990/PYOtherRevenueAmt0-89449
IRS990/PYProgramServiceRevenueAmt0159298
IRS990/PYRevenuesLessExpensesAmt0547
IRS990/PYSalariesCompEmpBnftPaidAmt064698
IRS990/PYTotalExpensesAmt0151980
IRS990/PYTotalRevenueAmt0152527
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-12992
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0159984
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0146992
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt015000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt015500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt018000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt048500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0106636
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt082667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt091015
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0111394
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt087710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0479422
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt044
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0135
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0297
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0179371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0159298
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0137465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0127742
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0158835
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0762711
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0135
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0297
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96070
IRS990ScheduleA/PublicSupportPY509Pct00.97070
IRS990ScheduleA/PublicSupportTotal509Amt01193633
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt015000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt015500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt018000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt048500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0286007
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0241965
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0228480
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0239136
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0246545
IRS990ScheduleA/Total509Grp/TotalAmt01242133
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0286018
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0241976
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0228524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0239232
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0246680
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01242430
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/DepreciationAmt02158
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01063
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1135675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Taxes Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Return Revenue Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Sales Tax Payable
IRS990ScheduleD/TotalLiabilityAmt0143103
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Istvan and Laura Palagyi are married and serve as Director and Secretary/Treasurer, respectively.Kim and Bob Nimon are married and serve as President and Director, respectively.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board of Directors act as the review committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Part XII, 2a - The organization's financial statements were reviewed by an independent accountant and the Board of Directors are acting as the Review Committee. No changes were made to the return other than what is stated above.
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/FormAndLineReferenceDesc3Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Amended Explanation
IRS990/SchoolOperatingInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$297,429
Liabilities
$144,121
Net assets
$153,308
Revenue
$163,112
Expenses
$176,104
Net income
-$12,992
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
2018Detailed filing. Detailed filing data is available for this year.$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