Eternal Threads FY2020 filing

Gretna, NEUnknown exempt organizationEIN 47-0833051Revenue $113K in FY2020

On file with the IRSeternalthreads.orgPo Box 836 · Gretna, NE

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79¢ of each $1 spent went to programs.
$15K paid to officers and key staff.
Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $20K a year · 19% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $51
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$113K
Spent
$97K
To programs
79%
Net assets
$130K
By yearFY2020–FY2023
Revenue
$113K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$113K
FY2021$99K
FY2022$140K
FY2023$11K
Expenses
$97K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$97K
FY2021$75K
FY2022Not on file
FY2023Not on file
Net assets
$130K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$130K
FY2021$155K
FY2022$130K
FY2023Not on file

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $77K Management & general 18% · $17K Fundraising 3% · $3K

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; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$15,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Linda Egle$15,000$15,000$15,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Eternal Threads is a nonprofit organization based in Gretna, NE.

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Provided by the organization

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2 programs · $77K · in their own filed words · FY2020
01

As a member of the fair trade federation, eternal threads accomplishes the initial and largest benefit to artisan producers by purchasing their handmade goods at fair trade wages or above in most cases.

$62Kprogram expense
02

Additional benefit is achieved through distribution of donations in nepal for anti-trafficking efforts and project development to give rescued girls sustainable income. Girls are rescued from traffickers by manned border surveillance units, vocational and literacy training for rescued as well as at risk girls is provided at the safe…

$15Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$51

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$113K
Ln 12
Gifts and grantsLn 1h$92K
Other incomeLn 4–11$21K
Money outPt IX
$97K
Ln 25
Programscol B$77K
Managementcol C$17K
Fundraisingcol D$3K
Owns and owesPt X
$130K
net assets · Ln 32
Cash and savingsLn 1–2$93K
Total assetsLn 16$134K
LiabilitiesLn 26$4K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$92K
Other incomeLn 4–11$21K
Total revenueLn 12$113K
Assets in detailPt X, end of year
CashLn 1$93K
Cash and savings togetherLn 1–2$93K
Total assetsLn 16$134K
LiabilitiesLn 26$4K
Net assetsLn 32$130K
OperationsPt I, VI
EmployeesI 53
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$64K$93K
Total assetsLn 16$119K$134K
LiabilitiesLn 26$5K$4K
Net assetsLn 32$114K$130K
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$20K$20K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$15K$13K$2K$750
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$10K$6K$3K$481
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$2K$1K$373$94
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$4K$4K$410
Office expensesLn 13$3K$557$2K
Information technologyLn 14$3K$2K$388$646
RoyaltiesLn 15$0
OccupancyLn 16$21K$21K
TravelLn 17$5K$4K$465
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$142$142
InsuranceLn 23$4K$3K$989
Other expenses (24a–d)Ln 24$9K$3K$6K$53
All other expensesLn 24e$0
Total functional expensesLn 25$97K$77K$17K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $11K 990 PDF
FY2022 $140K$130K 990 PDF
FY2021 $99K$75K$24K$155K 990 PDF
FY2020 Viewing $113K$97K$16K$130K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $112,638 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,528$91,708
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $16,101$20,930
I-12 Total revenuePrior year $121,629$112,638
I-13 Grants and similar amounts paidPrior year $63,319$20,204
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $25,888$26,515
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $49,996$50,120
I-18 Total expensesPrior year $139,203$96,839
I-19 Revenue less expensesPrior year −$17,574$15,799
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $112,638 across 3 lines filed
Lines not itemized here account for $20,930 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$91,708
VIII-1h Total contributions, gifts and grants$91,708
VIII-12 Total revenue$112,638
Part IX · Statement of functional expenses $96,839 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $20,204$20,204
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $12,750 · Management $1,500 · Fundraising $750$15,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $5,779 · Management $3,371 · Fundraising $481$9,631
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $1,417 · Management $373 · Fundraising $94$1,884
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,600$1,600
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $3,686 · Fundraising $410$4,096
IX-13 Office expensesPrograms $557 · Management $2,228$2,785
IX-14 Information technologyPrograms $1,550 · Management $388 · Fundraising $646$2,584
IX-15 Royalties$0
IX-16 OccupancyPrograms $21,072$21,072
IX-17 TravelPrograms $4,190 · Fundraising $465$4,655
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $142$142
IX-23 InsurancePrograms $2,967 · Management $989$3,956
IX-24 Other expenses (24a–d)Programs $2,744 · Management $6,433 · Fundraising $53$9,230
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $76,916 · Management $17,024 · Fundraising $2,899$96,839
Part X · Balance sheet $134,108 assets, 10 lines filed
Asset lines not itemized here account for $1,351; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $64,485$92,932
X-8 Inventories for sale or useStart of year $52,209$38,425
X-9 Prepaid expenses and deferred charges$1,400
X-16 Total assetsStart of year $118,938$134,108
X-17 Accounts payable and accrued expensesStart of year $3,894$3,110
X-19 Deferred revenueStart of year $664$819
X-26 Total liabilitiesStart of year $4,558$3,929
X-27 Net assets without donor restrictionsStart of year $114,380$130,179
X-32 Total net assets or fund balancesStart of year $114,380$130,179
X-33 Total liabilities and net assetsStart of year $118,938$134,108
Part XI · Reconciliation of net assets $130,179 net assets at year end
XI-1 Total revenue$112,638
XI-2 Total expenses$96,839
XI-3 Revenue less expenses$15,799
XI-4 Net assets at start of year$114,380
XI-10 Net assets at end of year$130,179

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

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