Civic Intelligence

Esperanza Threads Inc

990 • Fiscal year 2015 • EIN 34-1921602

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

1370 West 69th StreetCleveland, OH 44102

(216) 961-9009

Siviq Scores

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

Liabilities / Assets

81st percentile

0.17x

Higher debt load relative to assets than 81% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

0.09x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

48th percentile

2.3%

Higher net margin than 48% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

79th percentile

$9,600

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

66th percentile

13%

Faster asset growth than 66% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

9.8%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$68,572

Up $7,964 (+13%) from 2014

Net Assets

Up

$57,215

Up $3,017 (+5.6%) from 2014

Liabilities

Up

$11,357

Up $4,947 (+77%) from 2014

Revenue

Up

$129,885

Up $11,554 (+9.8%) from 2014

Expenses

Up

$126,868

Up $24,399 (+24%) from 2014

Net Income

Down

$3,017

Down $12,845 (-81%) from 2014

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $58,648Liabilities 2010: $5,912Net Assets 2010: $52,7362010Assets 2011: $83,701Liabilities 2011: $1,696Net Assets 2011: $82,0052011Assets 2013: $42,327Liabilities 2013: $3,991Net Assets 2013: $38,3362013Assets 2014: $60,608Liabilities 2014: $6,410Net Assets 2014: $54,1982014Assets 2015: $68,572Liabilities 2015: $11,357Net Assets 2015: $57,2152015Assets 2016: $65,208Liabilities 2016: $11,406Net Assets 2016: $53,8022016Assets 2017: $146,120Liabilities 2017: $8,076Net Assets 2017: $138,0442017Assets 2018: $169,841Liabilities 2018: $271Net Assets 2018: $169,5702018Assets 2019: $164,022Liabilities 2019: $695Net Assets 2019: $163,3272019Assets 2020: $184,076Liabilities 2020: $38Net Assets 2020: $184,0382020Assets 2021: $195,601Liabilities 2021: $529Net Assets 2021: $195,0722021Assets 2022: $192,499Liabilities 2022: $159Net Assets 2022: $192,3402022Assets 2023: $113,887Liabilities 2023: $2,937Net Assets 2023: $110,9502023Assets 2024: $45,822Liabilities 2024: $906Net Assets 2024: $44,9162024

Highlighted filing

2015

Assets$68,572
Liabilities$11,357
Net Assets$57,215

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $76,310Expenses 2010: $73,174Net Income 2010: $3,1362010Revenue 2011: $116,094Expenses 2011: $86,826Net Income 2011: $29,2682011Revenue 2013: $93,458Expenses 2013: $128,819Net Income 2013: -$35,3612013Revenue 2014: $118,331Expenses 2014: $102,469Net Income 2014: $15,8622014Revenue 2015: $129,885Expenses 2015: $126,868Net Income 2015: $3,0172015Revenue 2016: $115,429Expenses 2016: $118,842Net Income 2016: -$3,4132016Revenue 2017: $151,208Expenses 2017: $104,466Net Income 2017: $46,7422017Revenue 2018: $153,429Expenses 2018: $121,903Net Income 2018: $31,5262018Revenue 2019: $143,280Expenses 2019: $149,523Net Income 2019: -$6,2432019Revenue 2020: $142,045Expenses 2020: $121,336Net Income 2020: $20,7092020Revenue 2021: $138,962Expenses 2021: $127,931Net Income 2021: $11,0312021Revenue 2022: $172,267Expenses 2022: $174,327Net Income 2022: -$2,0602022Revenue 2023: $118,299Expenses 2023: $210,139Net Income 2023: -$91,8402023Revenue 2024: $128,353Expenses 2024: $186,718Net Income 2024: -$58,3652024

Highlighted filing

2015

Revenue$129,885
Expenses$126,868
Net Income$3,017
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$129,885
Mission and Program Overview

Mission

Esperanza threads, inc. (esperanza threads) is a nonprofit organization charted in the state of ohio in 1971. The mission of esperanza threads is to provide sewing skill training and finding employment. Esperanza threads uses 100% sustainable fabric designs. They make products for adults, youths, babies as well as beds, baths and kitchens while touting the fact that they are a non-profit training facility teaching those needing skills for employment how to sew on industrial machines.

Esperanza threads, inc. (esperanza threads) is a nonprofit organization chartered in the state of ohio in 1971. The mission of esperanza threads is to provide sewing skill training and finding employment. Esperanza threads uses 100% sustainable fabric designs. They make products for adults, youths, babies as well as beds, baths and kitchens while touting the fact that they are a non-profit training facility teaching those needing skills for employment how to sew on industrial machines.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$29,306$32,001▲ $2,695
Cash and Non-Interest-Bearing Accounts$23,162$24,040▲ $878
Accounts Receivable$1,476$5,930▲ $4,454
Land, Buildings, and Equipment, Net$5,505$3,720▼ $1,785
Savings and Temporary Cash Investments-$1,786-
Prepaid Expenses and Deferred Charges$1,159$1,095▼ $64
Total Assets$60,608$68,572▲ $7,964
Liabilities
Accounts Payable and Accrued Expenses$4,629$7,150▲ $2,521
Other Liabilities$1,781$4,207▲ $2,426
Total Liabilities$6,410$11,357▲ $4,947
Net Assets / Fund Balance
Unrestricted Net Assets$42,722$31,947▼ $10,775
Temporarily Rstr Net Assets$11,476$25,268▲ $13,792
Total Net Assets Fund Balance$54,198$57,215▲ $3,017
Total Liabilities and Net Assets / Fund Balance$60,608$68,572▲ $7,964

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,712$25,884$29,596
Other Land Buildings$8$2,142$2,150
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lucretia Ann BohnsackExecutive DiFT$9,600$9,600

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$79,479
Program Service Revenue
$50,392
Investment Income
$14
Other Revenue
$0
All Other Contributions
$79,479
Change in Net Assets
$3,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,546
Salaries, Compensation, and Employee Benefits$59,322
Total Fundraising Expense$7,157
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$34,528$9,776-$44,304
Occupancy$13,293$2,474$1,266$17,033
Current Officers, Directors, Trustees, and Key Employees-$4,936$4,664$9,600
Office Expenses$5,821$2,362$844$9,027
Fees for Services Accounting$2,518$6,398-$8,916
Conferences and Meetings$7,004--$7,004
Information Technology$5,933--$5,933
Payroll Taxes$3,827$1,208$383$5,418
Depreciation Depletion$1,933$483-$2,416
Insurance$1,534$328-$1,862
Advertising$1,006$542-$1,548
Travel-$1,506-$1,506
Fees for Services Other$182--$182
Other Expenses$11,672$120-$120
Total Functional Expenses$89,251$30,460$7,157$126,868
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Expenses$2,504
Accrued Payroll Taxes$1,318
Tax-sales$385
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

The federal form 990 was provided to the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 12C

Annual all board members are asked to read (or reread) the conflict of interest policy and submit a disclouse form or state that they do not have any conflicts

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

Executive director's salary is set by the executive committee. They use various resources such as other nonprofit organization's salary's on the federal form 990, industry standards and other economic indicators. They also consider the limited financial resources of the organizations tp determine a fair and affordable salary

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

The compensation of all employees are approved by the board as part of the budget determination and approval process.

Form 990, Page 6, Part VI, Line 19

Consistent with the requirements of section 6104 (d) of the irc and the regulations thereunder, copies of the organization's form 990 and governing documents shall be made available upon request, in a timely maner, and subject to the charges permitted by law to any individual who requests it.

Filing and Contact Details

Filer

Filer Name
Esperanza Threads Inc
EIN
34-1921602
Phone
2169619009
Address
1370 WEST 69TH STREET, CLEVELAND, OH 44102

Signing Officer

Name
Lucretia Ann Bohnsack
Title
Executive Director
Phone
2169619009
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lucretia Ann Bohnsack
Formed
2000
Legal Domicile
Oh
Voting Board Members
15
Independent Board Members
15
Employees
15
Volunteers
1,241

Preparer

Firm
Koester Disalvo and Fried
Address
5587 TURNEY ROAD, GARFIELD HTS, OH 44125
Preparer
Kc Koester
Phone
2164757844
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Esperanza threads, inc. (esperanza threads) is a nonprofit organization chartered in the state of ohio in 1971. The mission of esperanza threads is to provide sewing skill training and finding employment. Esperanza threads uses 100% sustainable fabric designs. They make products for adults, youths, babies as well as beds, baths and kitchens while touting the fact that they are a non-profit training facility teaching those needing skills for employment how to sew on industrial machines.

Form 990, Page 1, Part I, Line 6

Sewing volunteers, help train people and learn sewing techniques. There are also volunteers who act as translators. Sales volunteers, help load and unload cars i.e. Racks, tables, product , set up the displays for selling at shows and churches. Help process sales items at the shows. Office volunteers help with packing for shows, inventory, ironing, in putting names into the mailing lists the organization also utilizes people from "the center for families and children, el barrio work force development." these women have given the organization clerical assistance and janitorial services. They receive credit for the unpaid internship through the job readines; welfare to work program.

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IRS990/MissionDesc0ESPERANZA THREADS, INC. (ESPERANZA THREADS) IS A NONPROFIT ORGANIZATION CHARTERED IN THE STATE OF OHIO IN 1971. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING SKILL TRAINING AND FINDING EMPLOYMENT. ESPERANZA THREADS USES 100% SUSTAINABLE FABRIC DESIGNS. THEY MAKE PRODUCTS FOR ADULTS, YOUTHS, BABIES AS WELL AS BEDS, BATHS AND KITCHENS WHILE TOUTING THE FACT THAT THEY ARE A NON-PROFIT TRAINING FACILITY TEACHING THOSE NEEDING SKILLS FOR EMPLOYMENT HOW TO SEW ON INDUSTRIAL MACHINES.
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IRS990/PrincipalOfficerNm0LUCRETIA ANN BOHNSACK
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ESPERANZA THREADS, INC. (ESPERANZA THREADS) IS A NONPROFIT ORGANIZATION CHARTERED IN THE STATE OF OHIO IN 1971. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING SKILL TRAINING AND FINDING EMPLOYMENT. ESPERANZA THREADS USES 100% SUSTAINABLE FABRIC DESIGNS. THEY MAKE PRODUCTS FOR ADULTS, YOUTHS, BABIES AS WELL AS BEDS, BATHS AND KITCHENS WHILE TOUTING THE FACT THAT THEY ARE A NON-PROFIT TRAINING FACILITY TEACHING THOSE NEEDING SKILLS FOR EMPLOYMENT HOW TO SEW ON INDUSTRIAL MACHINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEWING VOLUNTEERS, HELP TRAIN PEOPLE AND LEARN SEWING TECHNIQUES. THERE ARE ALSO VOLUNTEERS WHO ACT AS TRANSLATORS. SALES VOLUNTEERS, HELP LOAD AND UNLOAD CARS I.E. RACKS, TABLES, PRODUCT , SET UP THE DISPLAYS FOR SELLING AT SHOWS AND CHURCHES. HELP PROCESS SALES ITEMS AT THE SHOWS. OFFICE VOLUNTEERS HELP WITH PACKING FOR SHOWS, INVENTORY, IRONING, IN PUTTING NAMES INTO THE MAILING LISTS THE ORGANIZATION ALSO UTILIZES PEOPLE FROM "THE CENTER FOR FAMILIES AND CHILDREN, EL BARRIO WORK FORCE DEVELOPMENT." THESE WOMEN HAVE GIVEN THE ORGANIZATION CLERICAL ASSISTANCE AND JANITORIAL SERVICES. THEY RECEIVE CREDIT FOR THE UNPAID INTERNSHIP THROUGH THE JOB READINES; WELFARE TO WORK PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FEDERAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL ALL BOARD MEMBERS ARE ASKED TO READ (OR REREAD) THE CONFLICT OF INTEREST POLICY AND SUBMIT A DISCLOUSE FORM OR STATE THAT THEY DO NOT HAVE ANY CONFLICTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR'S SALARY IS SET BY THE EXECUTIVE COMMITTEE. THEY USE VARIOUS RESOURCES SUCH AS OTHER NONPROFIT ORGANIZATION'S SALARY'S ON THE FEDERAL FORM 990, INDUSTRY STANDARDS AND OTHER ECONOMIC INDICATORS. THEY ALSO CONSIDER THE LIMITED FINANCIAL RESOURCES OF THE ORGANIZATIONS TP DETERMINE A FAIR AND AFFORDABLE SALARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION OF ALL EMPLOYEES ARE APPROVED BY THE BOARD AS PART OF THE BUDGET DETERMINATION AND APPROVAL PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSISTENT WITH THE REQUIREMENTS OF SECTION 6104 (D) OF THE IRC AND THE REGULATIONS THEREUNDER, COPIES OF THE ORGANIZATION'S FORM 990 AND GOVERNING DOCUMENTS SHALL BE MADE AVAILABLE UPON REQUEST, IN A TIMELY MANER, AND SUBJECT TO THE CHARGES PERMITTED BY LAW TO ANY INDIVIDUAL WHO REQUESTS IT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.45$1.28$1.87$0.58
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.03$1.11$1.18$2.10$0.92
2022Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$1.72$1.74$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.96$0.01$1.95$1.39$1.28$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.00$1.84$1.42$1.21$0.21
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.01$1.63$1.43$1.50$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$1.53$1.22$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.08$1.38$1.51$1.04$0.47
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.11$0.54$1.15$1.19$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.11$0.57$1.30$1.27$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.06$0.54$1.18$1.02$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.04$0.38$0.93$1.29$0.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.02$0.82$1.16$0.87$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.06$0.53$0.76$0.73$0.03