2022-01-24T13:23:47-06:00 2020-06-30 721396621 CARR RIGGS & INGRAM LLC 12400 COIT ROAD SUITE 1000 DALLAS TX 75251 990EZ 2019-07-01 201813265 HONDURAS THREADS HOND 2149416626 938 W GREENBRIAR LANE DALLAS TX 75208 M'LOU G BANCROFT PRESIDENT 2149416626 2022-01-21 1 MATTHEW J GOLD CPA P01226205 2143465800 2022-01-20 2019 2022-09-23 18:48:47Z X WWW.HONDURASTHREADS.ORG X X 87332 X 63471 22768 36034 -13266 1093 51298 16250 596 31613 48459 2839 36861 0 39700 X 40611 39728 40611 39728 3750 28 36861 39700 X 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 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. 0 0 0 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 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 M'LOU BANCROFT 938 W GREENBRIAR LANE DALLAS TX 752082622 2149416626 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 31628 70233 64982 67140 63471 297454 31628 70233 64982 67140 63471 297454 297454 297454 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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. 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.