Civic Intelligence

Esperanza Threads Inc

990EZ • Fiscal year 2019 • EIN 34-1921602

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 01, 2020

1370 W 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

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

31st percentile

-4.4%

Higher net margin than 31% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

38th percentile

-3.4%

Faster asset growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-6.6%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$164,022

Down $5,819 (-3.4%) from 2018

Net Assets

Down

$163,327

Down $6,243 (-3.7%) from 2018

Liabilities

Up

$695

Up $424 (+156%) from 2018

Revenue

Down

$143,280

Down $10,149 (-6.6%) from 2018

Expenses

Up

$149,523

Up $27,620 (+23%) from 2018

Net Income

Down

-$6,243

Down $37,769 (-120%) from 2018

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

2019

Assets$164,022
Liabilities$695
Net Assets$163,327

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

2019

Revenue$143,280
Expenses$149,523
Net Income-$6,243
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 1, 2020
Return Version
2019v5.0
Gross Receipts
$143,280
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.

Program Services

DescriptionGrantsExpenses
ESPERANZA THREADS OPERATES TWO PROGRAMS: AN INDUSTRIAL SEWING JOB TRAINING AND JOB PLACEMENT PROGRAM FOR LOW INCOME INDIVIDUALS WHICH INCLUDES CLEVELANDERS AND MIGRANT REFUGEES WHO ARE NEW TO THE CITY AND AN ORGANIC CLOTHING MANUFACTUER AND RETAILER. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING TRAINING IN GOOD-QUALITY JOBS, TO ASSIST INDIVIDUALS WITH BARRIERS TO EMPLOYMENT TO SUPPORT A FAMILY AND TO HAVE THE OPPORTUNITY TO BUILD A CAREER. THE TRAINING PROGRAM CURRENTLY INSTRUCTS 40-50 PEOPLE A YEAR WITH A 50-65% HIRING RATE IN JOBS.-$126,487
ESPERANZA THREADS OPERATES TWO PROGRAMS: AN INDUSTRIAL SEWING JOB TRAINING AND JOB PLACEMENT PROGRAM FOR LOW INCOME INDIVIDUALS WHICH INCLUDES CLEVELANDERS AND MIGRANT REFUGEES WHO ARE NEW TO THE CITY AND AN ORGANIC CLOTHING MANUFACTUER AND RETAILER. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING TRAINING IN GOOD-QUALITY JOBS, TO ASSIST INDIVIDUALS WITH BARRIERS TO EMPLOYMENT TO SUPPORT A FAMILY AND TO HAVE THE OPPORTUNITY TO BUILD A CAREER. THE TRAINING PROGRAM CURRENTLY INSTRUCTS OVER 30 PEOPLE A YEAR WITH A 65% HIRING RATE IN JOBS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SISTER MARY EILEEN BOYLEExec DirectoFT$25,200-$25,200
PATRICK GAUGHANDirector-$0--
ANDREW JANICKDirector-$0--
SISTER JULIANA BECKSecretaryPT$0--
MYRLE WEEMSDirector-$0--
MEGAN MCQUEENDirector-$0--
EMILY TIELLChairpersonPT$0--
JEFFREY JENEYFinancial ChPT$0--
PAMELA CRAIGDirector-$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Emily Tiell
Title
Chairperson
Phone
2169619009
Signed
2020-06-01

Preparer

Firm
Hhl Group Inc
Address
345 E WASHINGTON STREET, MEDINA, OH 44256-2116
Preparer
Laurie B Price
Phone
3307211410
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising & promotion 3,553 office expenses 252 insurance 2,704 contributions 200 credit card fees/bank chg 612 dues and subscriptions 150 licenses & fees 100 miscellaneous 641 other production costs 25,056 payroll processing 667 postage 105 repairs & maintenance 594 telephone & internet 2,588 training 174 utilities 3,624 non-investment depreciation 1,564 total 42,584

Form 990-ez, Part II, Line 24

Accounts receivable 37,500 224 inventories for sale or use 13,513 13,299 equipment 32,648 35,065 less accumulated depreciation 29,181 30,734 other assets 2,150 2,150 less accumulated depreciation 2,142 2,150 total 54,488 17,854

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 63 388 sales tax 208 307

Form 990-ez, Part III

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.

Form 990-ez, Part III, Line 28

Esperanza threads operates two programs: an industrial sewing job training and job placement program for low income individuals which includes clevelanders and migrant refugees who are new to the city and an organic clothing manufactuer and retailer. The mission of esperanza threads is to provide sewing training in good-quality jobs, to assist individuals with barriers to employment to support a family and to have the opportunity to build a career. The training program currently instructs over 30 people a year with a 65% hiring rate in jobs.

Form 990-ez, Part III, Line 31

Esperanza threads operates two programs: an industrial sewing job training and job placement program for low income individuals which includes clevelanders and migrant refugees who are new to the city and an organic clothing manufactuer and retailer. The mission of esperanza threads is to provide sewing training in good-quality jobs, to assist individuals with barriers to employment to support a family and to have the opportunity to build a career. The training program currently instructs 40-50 people a year with a 50-65% hiring rate in jobs.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1ESPERANZA THREADS OPERATES TWO PROGRAMS: AN INDUSTRIAL SEWING JOB TRAINING AND JOB PLACEMENT PROGRAM FOR LOW INCOME INDIVIDUALS WHICH INCLUDES CLEVELANDERS AND MIGRANT REFUGEES WHO ARE NEW TO THE CITY AND AN ORGANIC CLOTHING MANUFACTUER AND RETAILER. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING TRAINING IN GOOD-QUALITY JOBS, TO ASSIST INDIVIDUALS WITH BARRIERS TO EMPLOYMENT TO SUPPORT A FAMILY AND TO HAVE THE OPPORTUNITY TO BUILD A CAREER. THE TRAINING PROGRAM CURRENTLY INSTRUCTS 40-50 PEOPLE A YEAR WITH A 50-65% HIRING RATE IN JOBS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING & PROMOTION 3,553 OFFICE EXPENSES 252 INSURANCE 2,704 CONTRIBUTIONS 200 CREDIT CARD FEES/BANK CHG 612 DUES AND SUBSCRIPTIONS 150 LICENSES & FEES 100 MISCELLANEOUS 641 OTHER PRODUCTION COSTS 25,056 PAYROLL PROCESSING 667 POSTAGE 105 REPAIRS & MAINTENANCE 594 TELEPHONE & INTERNET 2,588 TRAINING 174 UTILITIES 3,624 NON-INVESTMENT DEPRECIATION 1,564 TOTAL 42,584
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 37,500 224 INVENTORIES FOR SALE OR USE 13,513 13,299 EQUIPMENT 32,648 35,065 LESS ACCUMULATED DEPRECIATION 29,181 30,734 OTHER ASSETS 2,150 2,150 LESS ACCUMULATED DEPRECIATION 2,142 2,150 TOTAL 54,488 17,854
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 63 388 SALES TAX 208 307
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ESPERANZA 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ESPERANZA THREADS OPERATES TWO PROGRAMS: AN INDUSTRIAL SEWING JOB TRAINING AND JOB PLACEMENT PROGRAM FOR LOW INCOME INDIVIDUALS WHICH INCLUDES CLEVELANDERS AND MIGRANT REFUGEES WHO ARE NEW TO THE CITY AND AN ORGANIC CLOTHING MANUFACTUER AND RETAILER. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING TRAINING IN GOOD-QUALITY JOBS, TO ASSIST INDIVIDUALS WITH BARRIERS TO EMPLOYMENT TO SUPPORT A FAMILY AND TO HAVE THE OPPORTUNITY TO BUILD A CAREER. THE TRAINING PROGRAM CURRENTLY INSTRUCTS OVER 30 PEOPLE A YEAR WITH A 65% HIRING RATE IN JOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ESPERANZA THREADS OPERATES TWO PROGRAMS: AN INDUSTRIAL SEWING JOB TRAINING AND JOB PLACEMENT PROGRAM FOR LOW INCOME INDIVIDUALS WHICH INCLUDES CLEVELANDERS AND MIGRANT REFUGEES WHO ARE NEW TO THE CITY AND AN ORGANIC CLOTHING MANUFACTUER AND RETAILER. THE MISSION OF ESPERANZA THREADS IS TO PROVIDE SEWING TRAINING IN GOOD-QUALITY JOBS, TO ASSIST INDIVIDUALS WITH BARRIERS TO EMPLOYMENT TO SUPPORT A FAMILY AND TO HAVE THE OPPORTUNITY TO BUILD A CAREER. THE TRAINING PROGRAM CURRENTLY INSTRUCTS 40-50 PEOPLE A YEAR WITH A 50-65% HIRING RATE IN JOBS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEDINA
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-09-25
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ReturnHeader/ReturnTs02020-09-25T07:37:47-05:00
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ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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