Civic Intelligence

Esperanza Threads Inc

990EZ • Fiscal year 2020 • EIN 34-1921602

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 30, 2021

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

55th percentile

0.00x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

63rd percentile

15%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

60th percentile

12%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

-0.9%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$184,076

Up $20,054 (+12%) from 2019

Net Assets

Up

$184,038

Up $20,711 (+13%) from 2019

Liabilities

Down

$38

Down $657 (-95%) from 2019

Revenue

Down

$142,045

Down $1,235 (-0.9%) from 2019

Expenses

Down

$121,336

Down $28,187 (-19%) from 2019

Net Income

Up

$20,709

Up $26,952 (+432%) from 2019

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

2020

Assets$184,076
Liabilities$38
Net Assets$184,038

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

2020

Revenue$142,045
Expenses$121,336
Net Income$20,709
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 30, 2021
Return Version
2020v4.0
Gross Receipts
$142,045
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.-$105,244
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
PATRICK GAUGHANDirector-$0--
ANDREW JANICKDirector-$0--
EMILY TIELLExec DirectoFT$0--
MYRLE WEEMSDirector-$0--
MEGAN MCQUEENDirector-$0--
MARIE HICKLEFinance Chai-$0--
BEATRICE OPPONGDirector-$0--
SISTER MARY EILEEN BOYLEDirector-$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
Marie Hickle
Title
Finance Chair
Phone
2169619009
Signed
2021-06-30

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 1,165 office expenses 883 insurance 3,189 credit card fees/bank chg 522 dues and subscriptions 281 meals 262 miscellaneous 203 other production costs 10,316 payroll processing 583 postage 129 repairs & maintenance 398 telephone & internet 1,988 training 13,902 utilities 3,486 non-investment depreciation 1,511 total 38,818

Form 990-ez, Part II, Line 24

Accounts receivable 224 2,514 inventories for sale or use 13,299 9,149 equipment 35,065 37,646 less accumulated depreciation 30,734 34,396 total 17,854 14,913

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 386 0 sales tax 307 38

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.

Raw XML Appendix173 raw XML fields

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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CompensationExplanation/CompensationExplanationGrp/PersonNm3MYRLE WEEMS
CompensationExplanation/CompensationExplanationGrp/PersonNm4MEGAN MCQUEEN
CompensationExplanation/CompensationExplanationGrp/PersonNm5MARIE HICKLE
CompensationExplanation/CompensationExplanationGrp/PersonNm6BEATRICE OPPONG
CompensationExplanation/CompensationExplanationGrp/PersonNm7SISTER MARY EILEEN BOYLE
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IRS990EZ/PrimaryExemptPurposeTxt0ESPERANZA 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.
IRS990EZ/PrintingPublicationsPostageAmt0156
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ESPERANZA 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.
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 1,165 OFFICE EXPENSES 883 INSURANCE 3,189 CREDIT CARD FEES/BANK CHG 522 DUES AND SUBSCRIPTIONS 281 MEALS 262 MISCELLANEOUS 203 OTHER PRODUCTION COSTS 10,316 PAYROLL PROCESSING 583 POSTAGE 129 REPAIRS & MAINTENANCE 398 TELEPHONE & INTERNET 1,988 TRAINING 13,902 UTILITIES 3,486 NON-INVESTMENT DEPRECIATION 1,511 TOTAL 38,818
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 224 2,514 INVENTORIES FOR SALE OR USE 13,299 9,149 EQUIPMENT 35,065 37,646 LESS ACCUMULATED DEPRECIATION 30,734 34,396 TOTAL 17,854 14,913
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 386 0 SALES TAX 307 38
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
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARIE HICKLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum02169619009
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ESPERANZA THREADS INC
ReturnHeader/Filer/BusinessNameControlTxt0ESPE
ReturnHeader/Filer/EIN0341921602
ReturnHeader/Filer/PhoneNum02169619009
ReturnHeader/Filer/USAddress/AddressLine1Txt01370 W 69TH STREET
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263682729
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HHL GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0345 E WASHINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEDINA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0442562116
ReturnHeader/PreparerPersonGrp/PhoneNum03307211410
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURIE B PRICE
ReturnHeader/ReturnTs02021-07-21T13:23:13-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EMILY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TIELL
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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