NonprofitsHonduras Threads

Human Services

Honduras Threads

DALLAS, TX

Total revenue

$190K

Total expenses

$156K

Net assets

$59K

Grants received

$59K

7 grants

EIN

201813265

Tax year

2024

Mission

Honduras Thread's Mission is to strengthen the fabric of lives through work, pride and faith. Since we became a nonprofit in 2003, we started 5 cooperatives in rural communities near Tegucigalpa, Honduras to provide 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 U.S. 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 years to come.

Financials

FY 2024

Revenue

Contributions & grants$198K
Program service revenue
Investment income
Other revenue$2K
Total revenue$190K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$51K
Total expenses$156K
Total assets$59K
Net assets$59K

People

11 listed

NameRoleCompensation

Bill Bancroft

President

Board

45 hrs/wk

Suki Jarzemsky

Secretary

Board

1 hrs/wk

Tom Blackmon

Director

Board

0.5 hrs/wk

David Boyett

Director

Board

0.5 hrs/wk

Melisa Nelson

Director

Board

1 hrs/wk

Lynn Vogt

Director

Board

1 hrs/wk

Brian Shaw

Director

Board

0.5 hrs/wk

Kay Whelan

Director

Board

1 hrs/wk

Sara Bennett

Director

Board

1 hrs/wk

John Jarzemsky

Director

Board

0.5 hrs/wk

Beth Hise

Director

Board

0.5 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$13K
GENERAL SUPPORT
2024
$16K
For grant recipient's exempt purposes
2023
$10K
For grant recipient's exempt purposes
2022
$5K
General & Unrestricted
2022
$200
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2022
$5K
For grant recipient's exempt purposes
2020

Funded by

$59K from 4 funders · 7 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$32K · 3 grants · 2020–2023

Paypal Charitable Giving Fund

$22K · 2 grants · 2023–2024

Sapphire Foundation Inc

$5K · 1 grant · 2022

Texas Instruments Foundation

$200 · 1 grant · 2022

Details

EIN201813265
NTEE codeP80
Subsection03
Ruling date2005-10
HONDURAS THREADS — Mission, Financials & Grants Received | Grantivo