Civic Intelligence

Textile Exchange

990 • Fiscal year 2020 • EIN 33-1034726

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

511 South 1st StreetLamesa, TX 79331

(806) 428-3411

Siviq Scores

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

Liabilities / Assets

30th percentile

0.04x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

0.03x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

89th percentile

44%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

97th percentile

184%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

72%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$6,077,157

Up $3,933,899 (+184%) from 2019

Net Assets

Up

$5,811,059

Up $3,848,888 (+196%) from 2019

Liabilities

Up

$266,098

Up $85,011 (+47%) from 2019

Revenue

Up

$8,775,957

Up $3,667,507 (+72%) from 2019

Expenses

Up

$4,927,069

Up $997,627 (+25%) from 2019

Net Income

Up

$3,848,888

Up $2,669,880 (+226%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2016: $636,842Liabilities 2016: $165,011Net Assets 2016: $471,8312016Assets 2017: $573,177Liabilities 2017: $338,364Net Assets 2017: $234,8132017Assets 2019: $2,143,258Liabilities 2019: $181,087Net Assets 2019: $1,962,1712019Assets 2020: $6,077,157Liabilities 2020: $266,098Net Assets 2020: $5,811,0592020Assets 2021: $12,297,668Liabilities 2021: $722,962Net Assets 2021: $11,574,7062021Assets 2022: $16,460,908Liabilities 2022: $1,848,774Net Assets 2022: $14,612,1342022Assets 2023: $15,868,481Liabilities 2023: $1,748,888Net Assets 2023: $14,119,5932023Assets 2024: $22,185,568Liabilities 2024: $1,825,827Net Assets 2024: $20,359,7412024

Highlighted filing

2020

Assets$6,077,157
Liabilities$266,098
Net Assets$5,811,059

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2016: $2,298,242Expenses 2016: $1,969,487Net Income 2016: $328,7552016Revenue 2017: $2,473,425Expenses 2017: $2,710,443Net Income 2017: -$237,0182017Revenue 2019: $5,108,450Expenses 2019: $3,929,442Net Income 2019: $1,179,0082019Revenue 2020: $8,775,957Expenses 2020: $4,927,069Net Income 2020: $3,848,8882020Revenue 2021: $16,219,596Expenses 2021: $10,450,600Net Income 2021: $5,768,9962021Revenue 2022: $20,469,136Expenses 2022: $17,431,708Net Income 2022: $3,037,4282022Revenue 2023: $24,104,258Expenses 2023: $24,596,799Net Income 2023: -$492,5412023Revenue 2024: $33,544,878Expenses 2024: $27,304,730Net Income 2024: $6,240,1482024

Highlighted filing

2020

Revenue$8,775,957
Expenses$4,927,069
Net Income$3,848,888
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$8,775,957
Mission and Program Overview

Mission

Inspire, equip people to increase sustainable practices in the textile industry. Minimizing the harmful impacts and maximizing positive effects of the textile industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$812,377$5,068,886▲ $4,256,509
Pledges and Grants Receivable$764,782$533,314▼ $231,468
Savings and Temporary Cash Investments$339,353$331,150▼ $8,203
Prepaid Expenses and Deferred Charges$6,574$6,574→ $0
Total Assets$2,143,258$6,077,157▲ $3,933,899
Other Assets Total$220,172$137,233▼ $82,939
Liabilities
Accounts Payable and Accrued Expenses$181,087$266,098▲ $85,011
Total Liabilities$181,087$266,098▲ $85,011
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,178,966$5,027,854▲ $3,848,888
Net Assets With Donor Restrictions$783,205$783,205→ $0
Total Net Assets Fund Balance$1,962,171$5,811,059▲ $3,848,888
Total Liabilities and Net Assets / Fund Balance$2,143,258$6,077,157▲ $3,933,899
Compensation and Service Providers

Board Members and Trustees

NameTitle
Teresa YangVice Chairma
Amit ShahDirector
Arun AmbatipudiDirector
Harsha ChennaDirector
Heather CanonDirector
Heinrich SchultzDirector
Inka ApterDirector
Karla MagruderDirector
Marci ZaroffDirector
Matt DwyerDirector
Neil MunroDirector
Orlando RiveraDirector
Prama BhardwajDirector
La Rhea PepperCEO
Ben MeadTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Intrado Digital Media LLCTech Services11808 MIRACLE HILLS DRIVE, Omaha, NE 68154$102,750
Revenue and Support

Revenue Composition

Contributions and Grants
$1,527,328
Program Service Revenue
$335,137
Investment Income
$820
Other Revenue
$6,912,672
All Other Contributions
$285,361
Change in Net Assets
$3,848,888

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,775,957
Total Revenue per Audited Statements
$8,775,957
Total Revenue per Form 990
$8,775,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,473,953
Salaries, Compensation, and Employee Benefits$1,453,116
Total Fundraising Expense$5,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$898,199$234,664-$1,132,863
Travel$312,532$202-$312,734
Payroll Taxes$181,450$17,956-$199,406
Other Employee Benefits$94,151$26,696-$120,847
All Other Expenses$73,476$19,672-$93,148
Other Expenses$66,573$82,939$5,925$66,573
Fees for Services Legal$44,973$3,455-$48,428
Fees for Services Accounting-$14,000-$14,000
Occupancy$3,316$9,600-$12,916
Office Expenses$1,309$303-$1,612
Total Functional Expenses$4,420,913$500,231$5,925$4,927,069

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,927,069
Total Expenses per Audited Statements$4,927,069
Total Expenses per Form 990$4,927,069
International Activity

International Summary

Offices
41
Employees
41
Spending
$1,894,326

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrant, Fundraise,proMarket Dev Training2121$1,240,164
CanadaProd & Serv Ip,grantCertification55$277,355
MalaysiaGraphic & Data EntryGraphic & Data Entry33$165,845
IndiaProgram ServicesFarm Develop, Traini22$107,512
AsiaProgram ServicesFarm Dev, Training &44$39,418
Latin AmericaProgram ServicesFarm Dev, Training &11$37,620
AfricaProgram ServicesFarm Development, Tr33$16,880
AustraliaProgram ServicesMarket Dev, Training22$9,532
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Finance and operations committee review the form 990 before it is filed.

Form 990, Page 6, Part VI, Line 15A

Records and information was pulled from comparable ngo's in the u.s. That had a similar scope of work and number of employees. A range was develope d and discussed with the executive board committee with the final determin ation made by the board chair and hiring committee.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial statements are available to th e public upon request.

Filing and Contact Details

Filer

Filer Name
Textile Exchange
EIN
33-1034726
Phone
8064283411
Address
511 SOUTH 1ST STREET, LAMESA, TX 79331

Signing Officer

Name
La Rhea Pepper
Title
CEO
Phone
8064283411
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
La Rhea Pepper
Formed
2003
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
22
Volunteers
50

Preparer

Firm
Robinson Burdette Martin & Seright Llp
Address
9816 SLIDE RD STE 301, LUBBOCK, TX 79424-7672
Preparer
John Seright
Phone
8067443333
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Our goal is to build the tools consumers and companies need to learn about organic and more sustainable textile production, and to learn what they can do to support their transition to these practices. We continued to upgrade our website, have continued our textile market survey, have continued building the identity of the organization and implemented standards for tracking, tracing and documenting the use of organic and recycled material.

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IRS990/MissionDesc0INSPIRE, EQUIP PEOPLE TO INCREASE SUSTAINABLE PRACTICES IN THE TEXTILE INDUSTRY. MINIMIZING THE HARMFUL IMPACTS AND MAXIMIZING POSITIVE EFFECTS OF THE TEXTILE INDUSTRY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0OUR GOAL IS TO RAISE AWARENESS OF THE VALUE OF SUSTAINABLE TEXTILE PRODUCTION IN THE GENERAL PUBLIC AND WITH BUSINESS DECISION MAKERS. WE ASSESSED WHERE THE LEVEL OF CONSUMER AND BUSINESS AWARENESS WAS CONCERNING ORGANIC AND/OR SUSTAINABLE TEXTILES, HELD MEETINGS IN NORTH AMERICA, EUROPEAN BASIN, AND PACIFIC RIM TO UNDERSTAND REGIONAL PERSPECTIVE OF THESE ISSUES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0OUR GOAL IS TO GET LEADING RETAILERS AND BRANDS TO USE SUSTAINABLE MATERIALS AND PRACTICES IN PRODUCTION OF THEIR PRODUCTS AND TO EDUCATE CONSUMERS. WE ARE CURRENTLY WORKING WITH SOME OF THE WORLD'S LARGEST AND MOST INFLUENTIAL BRANDS TO DEVELOP AND ENLARGE THE SUSTAINABLE TEXTILES INDUSTRY.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OUR GOAL IS TO BUILD THE TOOLS CONSUMERS AND COMPANIES NEED TO LEARN ABOUT ORGANIC AND MORE SUSTAINABLE TEXTILE PRODUCTION, AND TO LEARN WHAT THEY CAN DO TO SUPPORT THEIR TRANSITION TO THESE PRACTICES. WE CONTINUED TO UPGRADE OUR WEBSITE, HAVE CONTINUED OUR TEXTILE MARKET SURVEY, HAVE CONTINUED BUILDING THE IDENTITY OF THE ORGANIZATION AND IMPLEMENTED STANDARDS FOR TRACKING, TRACING AND DOCUMENTING THE USE OF ORGANIC AND RECYCLED MATERIAL.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CONSULTING & MISC 12,954,107
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