Seed Charities

Plano, TXUnknown exempt organization EIN 26-4580974Revenue −$3K in FY2020Latest filing we have: 2020. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRStohtexas.orgPlano, TX

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The mission of Threads of Hope is to break the cycle of poverty through strategies that empower the economically disadvantaged.

99¢ of each $1 spent went to programs.
Run by 100 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
2
named funders · $6K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 6 voting members
8 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
−$3K
Spent
$94K
To programs
99%
Net assets
$0

From the FY2020 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $93K Management & general 1% · $659

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Project Director
$0Pt VII · Sec A
See Seed Charities executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers the economically disadvantaged to break the cycle of poverty.

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1 program · $93K · in their own filed words · FY2020
01

Threads of Hope sells textiles hand-made by over 100 artisans in Peru. The unique nature of this project, almost fully volunteer supported, allows for 90% of revenue to be returned to participating families.

$93Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 2 funders$6K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
−$3K
Ln 12
Fees for servicesLn 2g$55K
Gifts and grantsLn 1h$37K
Investment incomeLn 3$9
Money outPt IX
$94K
Ln 25
Programscol B$93K
Managementcol C$659
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37K
Fees for servicesLn 2g$55K
Investment incomeLn 3$9
Gains on assetsLn 7$0
Total revenueLn 12−$3K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 52
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$209K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$243K$0
LiabilitiesLn 26$123K$0
Net assetsLn 32$119K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$46K$46K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$950$375
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$21K$21K
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$3K$2K$284
Total functional expensesLn 25$94K$93K$659$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS Nov 15, 2021 −$3K$94K−$97K$0 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary −$3,156 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $84,948$37,283
I-9 Program service revenuePrior year $151,948$54,845
I-10 Investment incomePrior year $9$9
I-11 Other revenuePrior year −$117,484−$95,293
I-12 Total revenuePrior year $119,421−$3,156
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $68,788$52,065
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $84,666$41,492
I-18 Total expensesPrior year $153,454$93,557
I-19 Revenue less expensesPrior year −$34,033−$96,713
Part VI · Governance 8 of 6 board members independent, 5 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue −$3,156 across 9 lines filed
Lines not itemized here account for −$95,293 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$36,683
VIII-1h Total contributions, gifts and grants$37,283
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,845$54,845
VIII-3 Investment incomeRelated to mission $9$9
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$40,439−$3,156
Part IX · Statement of functional expenses $93,557 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $45,700$45,700
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $2,250$2,250
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $4,115$4,115
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $950 · Management $375$1,325
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $1,115$1,115
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officialsPrograms $21,101$21,101
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $3,795$3,795
IX-24 Other expenses (24a–d)Programs $11,550$11,550
IX-24e All other expensesPrograms $2,322 · Management $284$2,606
IX-25 Total functional expensesPrograms $92,898 · Management $659 · Fundraising $0$93,557
Part X · Balance sheet $0 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $209,269$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or useStart of year $33,276$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $242,545$0
X-26 Total liabilitiesStart of year $123,270$0
X-32 Total net assets or fund balancesStart of year $119,275$0
X-33 Total liabilities and net assetsStart of year $242,545$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue−$3,156
XI-2 Total expenses$93,557
XI-3 Revenue less expenses−$96,713
XI-4 Net assets at start of year$119,275
XI-9 Other changes in net assets−$22,562
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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