HONDURAS THREADS: Form 990EZ, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- HONDURAS THREADS (EIN 20-1813265)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2022-01-24
- IRS object ID
- 202200249349200530
- Schema version
- 2019v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-01-24T13:23:47-06:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 721396621 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARR RIGGS & INGRAM LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12400 COIT ROAD SUITE 1000 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75251 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201813265 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HONDURAS THREADS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOND | BusinessNameControlTxt |
| Phone | 2149416626 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 938 W GREENBRIAR LANE | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75208 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | M'LOU G BANCROFT | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2149416626 | PhoneNum |
| Signature | 2022-01-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW J GOLD CPA | PreparerPersonNm |
| PTIN | P01226205 | PTIN |
| Phone | 2143465800 | PhoneNum |
| Preparation | 2022-01-20 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Website Address | WWW.HONDURASTHREADS.ORG | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $87,332 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $63,471 | ContributionsGiftsGrantsEtcAmt |
| Gross Sales Of Inventory | $22,768 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $36,034 | CostOfGoodsSoldAmt |
| Gross Profit Loss Sls Of Invntry | -$13,266 | GrossProfitLossSlsOfInvntryAmt |
| Other Revenue Total | $1,093 | OtherRevenueTotalAmt |
| Total Revenue | $51,298 | TotalRevenueAmt |
| Fees And Other Pymt To Ind Cntrct | $16,250 | FeesAndOtherPymtToIndCntrctAmt |
| Printing Publications Postage | $596 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $31,613 | OtherExpensesTotalAmt |
| Total Expenses | $48,459 | TotalExpensesAmt |
| Excess Or Deficit For Year | $2,839 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $36,861 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $39,700 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,611 | BOYAmt |
| EOY | $39,728 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,611 | BOYAmt |
| EOY | $39,728 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,750 | BOYAmt |
| EOY | $28 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,861 | BOYAmt |
| EOY | $39,700 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | HONDURAS THREADS' MISSION IS TO STRENGTHEN THE FABRIC OF LIVES THROUGH WORK, PRIDE AND FAITH. SINCE HONDURAS THREADS BECAME A NONPROFIT IN 2005, WE STARTED FIVE COOPERATIVES IN RURAL COMMUNITIES NEAR TEGICIGALPA, HONDURAS TO PROVIDE WOMEN A WAY TO EARN MONEY WITHOUT LEAVING THEIR HOME AND FAMILIES. HONDURAS THREADS HAS TAUGHT THE WOMEN EMBROIDERY AND SEWING TECHNIQUES, BUSINESS SKILLS, PROVIDED DESIGNS AND DONATED APPLIQUE FABRICS, AND MARKETED THEIRPRODUCTS IN THE UNITED STATES. ALL PROCEEDS OF THE SALES GO DIRECTLY TO THE ARTISANS. IN 2016, THE WOMEN VOTED TO SEEK A SOCIAL ENTERPRISE DESIGNATION FROM THE HONDURAN GOVERNEMENT. THIS IS A DESIGNATION FOR AGRICULTURAL AND ARTISAN BUSINESSES OWNED EQUALLY BY ALL PARTICIPANTS IN RURAL AREAS. IN OCTOBER 2017, THE GOVERNMENT APPROVED THE DESIGNATION FOR THE BUSINESS, EMPRESA DE SERVICIO MULTIPLES MUJERES ARTESANAS ARTE Y CREATIVIDAD. THIS GIVES THE BUSINESS LEGITIMACY AND IS A NECESSARY STEP IN SETTING THEM ON A PATH TOWARD SUSTAINABILITY IN | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | HONDURAS THREADS' MISSION IS TO STRENGTHEN THE FABRIC OF LIVES THROUGH WORK, PRIDE AND FAITH. SINCE HONDURAS THREADS BECAME A NONPROFIT IN 2005, WE STARTED FIVE COOPERATIVES IN RURAL COMMUNITIES NEAR TEGICIGALPA, HONDURAS TO PROVIDE WOMEN A WAY TO EARN MONEY WITHOUT LEAVING THEIR HOME AND FAMILIES. HONDURAS THREADS HAS TAUGHT THE WOMEN EMBROIDERY AND SEWING TECHNIQUES, BUSINESS SKILLS, PROVIDED DESIGNS AND DONATED APPLIQUE FABRICS, AND MARKETED THEIRPRODUCTS IN THE UNITED STATES. ALL PROCEEDS OF THE SALES GO DIRECTLY TO THE ARTISANS. IN 2016, THE WOMEN VOTED TO SEEK A SOCIAL ENTERPRISE DESIGNATION FROM THE HONDURAN GOVERNEMENT. THIS IS A DESIGNATION FOR AGRICULTURAL AND ARTISAN BUSINESSES OWNED EQUALLY BY ALL PARTICIPANTS IN RURAL AREAS. IN OCTOBER 2017, THE GOVERNMENT APPROVED THE DESIGNATION FOR THE BUSINESS, EMPRESA DE SERVICIO MULTIPLES MUJERES ARTESANAS ARTE Y CREATIVIDAD. THIS GIVES THE BUSINESS LEGITIMACY AND IS A NECESSARY STEP IN SETTING THEM ON A PATH TOWARD SUSTAINABILITY IN THE YEARS TO COME. LAST YEAR'S TRIP TO MARKET THEIR PRODUCTS IN ROATAN RESULTED IN THREE GOOD CUSTOMERS WHO HAVE MADE REPEATED ORDERS THIS YEAR. TWO NEW PRODUCTS, GREETING CARDS AND CHRISTMAS ORNAMENTS, SUGGESTED BY THE SHOP OWNERS, HAVE BEEN VERY POPULAR. ON A SECOND TRIP THIS JUNE, THE WOMEN SOLD PRODUCTS TO FOUR NEW CUSTOMERS. WE'VE ALSO WORKED WITH THEM ON CUSTOMER RELATIONS AND DEVELOPING PROCESSES FOR PRODUCTION, INVENTORY OF SUPPLIES, QUALITY CONTROL, PREPARATION OF SHIPMENTS AND INVOICING. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $0 | GrantsAndAllocationsAmt |
| Program Service Expenses | $0 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (8 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|
| M'LOU BANCROFT | ||||
| PRESIDENT | 45.00 | $0 | $0 | $0 |
| SUKI JARZEMSKY | ||||
| SECRETARY | 1.00 | $0 | $0 | $0 |
| TOM BLACKMON | ||||
| DIRECTOR | 2.00 | $0 | $0 | $0 |
| GINGER BROWN | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| BOB CAMPBELL | ||||
| DIRECTOR | 0.50 | $0 | $0 | $0 |
| MARGARET CERVIN | ||||
| DIRECTOR | 0.50 | $0 | $0 | $0 |
| MELANIE MCGILL | ||||
| DIRECTOR | 8.00 | $0 | $0 | $0 |
| LYNN VOGT | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | 0 | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | 0 | OrganizationHadUBIInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Direct Indirect Pltcl Expend | $0 | DirectIndirectPltclExpendAmt |
| Made Loans To From Officers | 0 | MadeLoansToFromOfficersInd |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| Tax Imposed On Organization Mgr | $0 | TaxImposedOnOrganizationMgrAmt |
| Tax Reimbursed By Organization | $0 | TaxReimbursedByOrganizationAmt |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | M'LOU BANCROFT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 938 W GREENBRIAR LANE | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 752082622 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2149416626 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Donor Advised Fnds | 0 | DonorAdvisedFndsInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Tanning Services Provided | 0 | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| School Operating | 0 | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (1) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $31,628 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $70,233 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $64,982 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $67,140 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $63,471 | CurrentTaxYearAmt |
| Total | $297,454 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $31,628 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $70,233 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $64,982 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $67,140 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $63,471 | CurrentTaxYearAmt |
| Total | $297,454 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $297,454 | PublicSupportTotal170Amt |
| Total Support | $297,454 | TotalSupportAmt |
| Public Support CY170 | 1.00000 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY | INCOME: GROSS RECEIPTS: 22,768. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 36,034. GROSS PROFIT: -13,266. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 0. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 36,034. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 36,034. |
| FORM 990-EZ, PART I, LINE 7B - OTHER COSTS | DESCRIPTION: COST OF GOODS SOLD . AMOUNT: 36,034. |
| FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE | DESCRIPTION: NONPROGRAM. AMOUNT: 1,093. |
| FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES | DESCRIPTION: NONPROGRAM. AMOUNT: 1,251. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 532. DESCRIPTION: BOOKS AND PUBLICATIONS. AMOUNT: 173. DESCRIPTION: COMPUTER. AMOUNT: 185. DESCRIPTION: CREDIT CARD PROCESSING FEES. AMOUNT: 243. DESCRIPTION: EDUCANDO EL FUTURO. AMOUNT: 8,702. DESCRIPTION: EVENT EXPENSE. AMOUNT: 582. DESCRIPTION: PETTY CASH. AMOUNT: 301. DESCRIPTION: INSURANCE EXPENSE. AMOUNT: 1,025. DESCRIPTION: MARKETING . AMOUNT: 1,960. DESCRIPTION: MISSION TRIPS. AMOUNT: 6,295. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 485. DESCRIPTION: PRODUCT DEVELOPMENT. AMOUNT: 694. DESCRIPTION: SHIPPING SUPPLIES. AMOUNT: 97. DESCRIPTION: TELEPHONE EXPENSE. AMOUNT: 362. DESCRIPTION: BOOTH FURNISHING. AMOUNT: 156. DESCRIPTION: TRAVEL. AMOUNT: 4,270. DESCRIPTION: MOVING & INVENTORY STORAGE RENT. AMOUNT: 4,296. DESCRIPTION: MEALS & ENTERTEINMENT. AMOUNT: 4. TOTAL TO FORM 990-EZ, LINE 16: 31,613. |
| FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES | DESCRIPTION: SALES TAX PAYABLE. BEG. OF YEAR AMOUNT: 821. END OF YEAR AMOUNT: 28. DESCRIPTION: CHARGES TO REIMBURSE. BEG. OF YEAR AMOUNT: 2,929. END OF YEAR AMOUNT: 0. |
Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Declaration | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. | DeclarationDesc |