2024-10-15T16:18:20-07:00 2024-06-30 990EZ 2023-07-01 201813265 HONDURAS THREADS HOND 2146328595 938 W Greenbriar Lane Dallas TX 75208 MLou Bancroft President 2149416626 2024-10-14 1 2023 2024-10-15 13:58:12Z X www.hondurasthreads.org X X 122705 X 117637 0 0 0 0 0 0 0 0 0 0 0 10267 -10267 5068 112438 0 0 0 52850 7395 1736 65144 127125 -14687 12207 28552 26072 X 20366 28520 0 0 1543 1543 21909 30063 9702 3991 12207 26072 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. We have resumed events and activities this fiscal year after the end of the pandemic. We have also continued fundraising efforts. We have held an art show to help boost sales that was very successful. 0 0 0 M'Lou Bancroft President 45 0 Suki Jarzemsky Secretary 1 0 Tom Blackmon Director 1 0 David Boyett Director 2 0 Ron Staffieri Director 0.5 0 Lynn Vogt Director 1 0 Brian 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 TX 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 63471 41230 64835 124753 116721 411010 63471 41230 64835 124753 116721 411010 411010 411010 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 8 Revenue Received from non-program sales Form 990-EZ, Part I, Line 16 Bank service charges $1,080 Dues and subscriptions 1,850 Travel 18,837 Telephone/internet 706 Educando el Futuro 8,748 Marketing 2,628 Insurance 1,695 Office supplies 632 Credit card fees 1,618 Fuel 2,875 Event expense 24,279 Volunteers 75 Meals and entertainment 121 Form 990-EZ, Part I, Line 20 A donation was made by donors Susan and Paul Jazemsky and monies in the amount of $30,000 increased the equity of the organization. These monies are in a designated restricted endowment fund to be used to support the organization in the coming fiscal year. Form 990-EZ, Part II, Line 24 Inventory Form 990-EZ, Part II, Line 26 Includes sales tax payable and charges to reimburse