Civic Intelligence

Esperanza Threads Inc

990EZ • Fiscal year 2021 • EIN 34-1921602

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 21, 2022

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

49th percentile

7.9%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

85th percentile

$23,077

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

51st percentile

6.3%

Faster asset growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

-2.2%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$195,601

Up $11,525 (+6.3%) from 2020

Net Assets

Up

$195,072

Up $11,034 (+6.0%) from 2020

Liabilities

Up

$529

Up $491 (+1292%) from 2020

Revenue

Down

$138,962

Down $3,083 (-2.2%) from 2020

Expenses

Up

$127,931

Up $6,595 (+5.4%) from 2020

Net Income

Down

$11,031

Down $9,678 (-47%) from 2020

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

2021

Assets$195,601
Liabilities$529
Net Assets$195,072

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

2021

Revenue$138,962
Expenses$127,931
Net Income$11,031
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 21, 2022
Return Version
2021v4.0
Gross Receipts
$138,962
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.-$102,111
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 MANUFACTURER 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
EMILY TIELLExec DirectoFT$23,077-$23,077
PATRICK GAUGHANPresident-$0--
ANDREW JANICKSecretary-$0--
MYRLE WEEMSDirector-$0--
MEGAN MCQUEENDirector-$0--
MARIE HICKLEFinance Chai-$0--
BEATRICE OPPONGDirector-$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
2022-06-21

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 8

Ppp debt forgiveness income 10,577 total 10,577

Form 990-ez, Part I, Line 16

Expenses advertising & promotion 2,227 office expenses 924 insurance 1,939 credit card fees/bank chg 538 donations 347 dues and subscriptions 688 licenses 25 meals 89 miscellaneous 935 other production costs 5,268 payroll processing 596 postage 390 telephone & internet 1,365 training 13,323 utilities 7,062 non-investment depreciation 996 total 36,712

Form 990-ez, Part II, Line 24

Accounts receivable 2,514 726 inventories for sale or use 9,149 11,990 equipment 37,646 37,646 less accumulated depreciation 34,396 35,392 total 14,913 14,970

Form 990-ez, Part II, Line 26

Credit card 0 397 sales tax 38 132

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 manufacturer 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 Appendix165 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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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.
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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/ExplanationTxt0PPP DEBT FORGIVENESS INCOME 10,577 TOTAL 10,577
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING & PROMOTION 2,227 OFFICE EXPENSES 924 INSURANCE 1,939 CREDIT CARD FEES/BANK CHG 538 DONATIONS 347 DUES AND SUBSCRIPTIONS 688 LICENSES 25 MEALS 89 MISCELLANEOUS 935 OTHER PRODUCTION COSTS 5,268 PAYROLL PROCESSING 596 POSTAGE 390 TELEPHONE & INTERNET 1,365 TRAINING 13,323 UTILITIES 7,062 NON-INVESTMENT DEPRECIATION 996 TOTAL 36,712
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 2,514 726 INVENTORIES FOR SALE OR USE 9,149 11,990 EQUIPMENT 37,646 37,646 LESS ACCUMULATED DEPRECIATION 34,396 35,392 TOTAL 14,913 14,970
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CREDIT CARD 0 397 SALES TAX 38 132
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ESPERANZA 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/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 MANUFACTURER 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/ExplanationTxt6ESPERANZA 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 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 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/SignatureDt02022-06-21
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/PreparationDt02022-07-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURIE B PRICE CPACGMA
ReturnHeader/ReturnTs02022-07-06T07:51:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EMILY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TIELL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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