2022-09-28T15:37:42-07:00 2022-06-30 990EZ 2021-07-01 201813265 HONDURAS THREADS HOND 2149416626 938 W Greenbriar Lane Dallas TX 752082622 MLou Bancroft President 2149416626 2022-09-27 1 11 1 AAL2 X 2021 2022-09-23 18:48:47Z X www.hondurasthreads.org X X 83318 X 65509 0 0 0 0 0 0 0 0 0 0 16641 20043 -3402 1168 63275 0 0 0 46080 0 70 24089 70239 -6964 50889 6245 50170 X 52513 50294 0 0 0 0 52513 50294 1624 124 50889 50170 X See Schedule O These past 3 years have been greatly reduced by the pandemic as many of the pre-Christmas sales and markets were cancelled. We have been very fortunate to have a couple of larger orders that helped immensely. Because the pandemic also kept us from going to Honduras, we began weekly Zoom meetings with the enterprise's leadership team to continue working on business skills, budgeting, scheduling and cost accounting. 0 0 0 M'Lou Bancroft President 45 0 Suki Jarzemsky Secretary 1 0 Tom Blackmon Director 1 0 Ginger Brown Director 0.5 0 Melanie McGill Director 4 0 Lynn Vogt Director 1 0 David Boyett Director 2 0 Brian P Shaw Director 0.5 0 OJ De Souza Director 0.5 0 0 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 0 NONE NONE 1 X 64982 67140 63471 41230 64835 301658 64982 67140 63471 41230 64835 301658 301658 301658 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 8 Description;Amount^Non program sales pillow forms;1168^Total;1168^ Form 990-EZ, Part I, Line 16 Description;Amount^Bank Fees;481|Dues and Subscriptions;1422|Educando El Futuro;6000|Travel;3860|Telephone and Internet;1007|Marketing;2928|Meals;38|Insurance;1396|Office Supplies;1230|Computer;591|Fuel;1245|Event Expense;1656|Gifts;338|Printing;76|Sales Tax Expense;1028|Miscellaneous;793^Total;24089^ Form 990-EZ, Part I, Line 20 Due to the COVID pandemic, we wrote off some prior year uncollectable pledges and sales that were made good in the current fiscal year, as the pandemic was ending. Form 990-EZ, Part II, Line 26 Description;EOY Amount^Sales Tax Payable;124^Total;124^ Form 990-EZ, Part III, Line (28-31) Primary Exempt Purpose- Honduras Thread's 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 Tegucigalpa, Honduras to provide the women a way to earn money without leaving their homes and families. Honduras Threads has taught the women embroidery and sewing techniques, business skills, provided designs and donated applique fabrics, and marketed their products 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 government. 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, Empressa de Servicio Multiples Mujere Artisanas Arte y Creatividad. This gives the business legitimacy and is a necessary step in setting them on a path toward sustainability in the year to come.