Civic Intelligence

Esperanza Threads Inc

990 • Fiscal year 2016 • EIN 34-1921602

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

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.

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

Liabilities / Revenue

82nd percentile

0.10x

Higher debt load relative to revenue than 82% of similar nonprofits.

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

Net Margin

34th percentile

-3.0%

Higher net margin than 34% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

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

Asset Growth

36th percentile

-4.9%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

33rd percentile

-11%

Faster revenue growth than 33% of similar nonprofits.

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

Assets

Down

$65,208

Down $3,364 (-4.9%) from 2015

Net Assets

Down

$53,802

Down $3,413 (-6.0%) from 2015

Liabilities

Up

$11,406

Up $49 (+0.4%) from 2015

Revenue

Down

$115,429

Down $14,456 (-11%) from 2015

Expenses

Down

$118,842

Down $8,026 (-6.3%) from 2015

Net Income

Down

-$3,413

Down $6,430 (-213%) from 2015

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

2016

Assets$65,208
Liabilities$11,406
Net Assets$53,802

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

2016

Revenue$115,429
Expenses$118,842
Net Income-$3,413
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$119,194
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
Savings and Temporary Cash Investments$1,786$24,584▲ $22,798
Cash and Non-Interest-Bearing Accounts$24,040$22,155▼ $1,885
Inventories for Sale or Use$32,001$15,844▼ $16,157
Land, Buildings, and Equipment, Net$3,720$2,120▼ $1,600
Prepaid Expenses and Deferred Charges$1,095--
Accounts Receivable$5,930$505▼ $5,425
Total Assets$68,572$65,208▼ $3,364
Liabilities
Accounts Payable and Accrued Expenses$7,150$6,601▼ $549
Other Liabilities$4,207$4,805▲ $598
Total Liabilities$11,357$11,406▲ $49
Net Assets / Fund Balance
Temporarily Rstr Net Assets$25,268$35,842▲ $10,574
Unrestricted Net Assets$31,947$17,960▼ $13,987
Total Net Assets Fund Balance$57,215$53,802▼ $3,413
Total Liabilities and Net Assets / Fund Balance$68,572$65,208▼ $3,364

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,112$27,484$29,596
Other Land Buildings$8$2,142$2,150
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$80,024
Program Service Revenue
$26,882
Investment Income
$0
Other Revenue
$8,523
All Other Contributions
$80,024
Change in Net Assets
$-3,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,524
Salaries, Compensation, and Employee Benefits$41,318
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,440$18,131-$37,571
Fees for Services Other$15,560$11,800-$27,360
Occupancy$8,943$6,300-$15,243
Office Expenses$5,551$2,057-$7,608
Payroll Taxes$2,350$1,397-$3,747
Advertising$3,016--$3,016
Insurance$643$1,210-$1,853
Depreciation Depletion$1,454$146-$1,600
Travel$1,157--$1,157
Fees for Services Accounting-$661-$661
Other Expenses$172$369-$172
Conferences and Meetings$140--$140
Total Functional Expenses$76,771$42,071$0$118,842
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,237
Fundraising Direct Expenses$1,183
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$3,378
Accrued Payroll Taxes$1,199
Tax-sales$228
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Ronald Robinston
Title
Interim Director
Phone
2169619009
Signed
2017-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Robinston
Formed
2000
Legal Domicile
Oh
Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
21

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

7- sewing traiiners- responsible for working directly with the trainees in the teaching of industrial sewing & technique, as well as cut and preparing supplies to facilitate the trainings. Office clerk- assist executive director with filing, typing preparing correspondence, development and up keep of manuals inventory clerk- maintains count and labeling of clothing, and prepares reports for bookkeeper also volunteers 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 all volunteer board supervises the daily activities of the organization

Form 990, Part IX, Line 11G

Trainers 15,560 0 0 janus small associates 0 11,800 0 total 15,560 11,800 0

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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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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/ExplanationTxt17- SEWING TRAIINERS- RESPONSIBLE FOR WORKING DIRECTLY WITH THE TRAINEES IN THE TEACHING OF INDUSTRIAL SEWING & TECHNIQUE, AS WELL AS CUT AND PREPARING SUPPLIES TO FACILITATE THE TRAININGS. OFFICE CLERK- ASSIST EXECUTIVE DIRECTOR WITH FILING, TYPING PREPARING CORRESPONDENCE, DEVELOPMENT AND UP KEEP OF MANUALS INVENTORY CLERK- MAINTAINS COUNT AND LABELING OF CLOTHING, AND PREPARES REPORTS FOR BOOKKEEPER ALSO VOLUNTEERS 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 ALL VOLUNTEER BOARD SUPERVISES THE DAILY ACTIVITIES OF THE ORGANIZATION
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/ExplanationTxt7TRAINERS 15,560 0 0 JANUS SMALL ASSOCIATES 0 11,800 0 TOTAL 15,560 11,800 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits