Eternal Threads Inc
- Assets
- $132.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Gretna, NE
- Founding
- 10/2007
- Data as of
- 12/2022
- EIN
- 47-0833051
Organization Overview
Eternal Threads Inc is located in Gretna, NE. The organization was established in 2007. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2022, Eternal Threads Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eternal Threads Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Eternal Threads Inc generated $140.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $165.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3
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. THE PURCHASE OF GOODS PROVIDES SUSTAINABLE INCOME TO SEVERAL HUNDRED FAMILES IN SEVEN COUNTRIES GHANA, GUATEMALA, INDIA, MONGOLIA, NEPAL, SWAZILAND, AND UGANDA. OUR MISSION IS TO GIVE THEM WORK, ASSIST IN THE MARKETING OF THEIR HANDMADE GOODS, AND RETURN PROFITS TO THEIR COMMUNITIES AS WELL AS OTHERS FOR CHARITABLE AND EDUCATIONAL PURPOSES.
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 HOUSE AND IN VILLAGE SEWING CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Egle President | 40 | $15,000 | |
Jonathan Sharp Vice-President | 5 | $0 | |
Jennifer Eller Treasurer | 5 | $0 | |
David Mccaghren Director | 1 | $0 | |
Mitzi Adams Director | 1 | $0 | |
Nell Sims Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $123,790 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $16,502 |
| Total Revenue | $140,300 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,070 |
| Professional fees and other payments to independent contractors | $910 |
| Occupancy, rent, utilities, and maintenance | $21,000 |
| Printing, publications, postage, and shipping | $1,533 |
| Other expenses | $119,821 |
| Total expenses | $165,334 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,355 |
| Other assets | $0 |
| Total assets | $132,355 |
| Total liabilities | $2,790 |
| Net assets or fund balances | $129,565 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eternal Threads Inc has recieved totaling $57.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Children And Families Of Iowa Des Moines, IA | $18,712,609 | $16,514,094 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
Mile High Montessori Early Learning Centers Denver, CO | $17,533,057 | $15,372,863 |
Child Start Inc Wichita, KS | $9,937,942 | $12,651,016 |
Rainbows United Inc Wichita, KS | $9,766,961 | $11,658,952 |
Guadalupe Center Inc Kansas City, MO | $11,857,971 | $9,741,504 |
Millard Public Schools Foundation Inc Omaha, NE | $17,123,323 | $8,258,892 |
New Horizons Ministries Inc Canon City, CO | $10,572,666 | $7,833,240 |
Urban Sprouts University City, MO | $386,056 | $8,466,717 |
Child Day Care Association Of Saint Louis St Louis, MO | $1,371,542 | $6,637,461 |
Montessori Academy Of Colorado Denver, CO | $8,428,837 | $6,258,258 |
Child Development Center Of Natrona County Casper, WY | $9,028,094 | $5,917,154 |