ETERNAL THREADS

EIN: 470833051 501(c)(3)

GRETNA, NE

Total Revenue
$98,998
Total Expenses
$74,578
Total Assets
$157,846
Net Assets
$154,599
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
LINDA EGLE
Phone
8884874549
Tax Period
2021-01-01 to 2021-12-31

ETERNAL THREADS, founded in 2006, is a micro nonprofit that reported $99K in total revenue in fiscal year 2021. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $24K, a strong 25% operating margin.

Mission

ETERNAL THREADS MISSION IS WEAVING HOPE AND JUSTICE TO IMPROVE THE LIVES OF WOMEN AND CHILDREN MOST AT RISK OF EXTREME POVERTY, TRAFFICKING AND OTHER FORMS OF EXPLOITATION BY PROVIDING SUSTAINABLE LIVELIHOODS THROUGH INCOME GENERATING PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $49,190

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...

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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.

Program 2
Expenses: $12,298

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $78,143
Program Service Revenue $0
Investment Income $0
Other Revenue $20,855
TOTAL REVENUE $98,998

Expense Breakdown

Grants Paid $4,658
Salaries & Benefits $25,045
Fundraising Expenses $3,814
Program Expenses $61,488
Other Expenses $44,875
TOTAL EXPENSES $74,578

Year-over-Year Comparison

2021 2020 Change
Revenue $98,998 $112,638 -0.1%
Expenses $74,578 $96,839 -0.2%
Net Income $24,420 $15,799 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
3
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$15,000
Total Directors
7
$15,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA EGLE PRESIDENT 040.00
Officer Director
$15,000 $0 $15,000
JONATHAN SHARP VICE PRESIDENT 001.00
Officer Director
$0 $0 $0
WALT PFEIFER SECRETARY 001.00
Officer Director
$0 $0 $0
JENNIFER ELLER TREASURER 001.00
Officer Director
$0 $0 $0
MITZI ADAMS DIRECTOR 001.00
Director
$0 $0 $0
NELL SIMS DIRECTOR 001.00
Director
$0 $0 $0
DAVID MCCAGHREN DIRECTOR 001.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $98,998 $74,578 $157,846 $24,420
2020 $112,638 $96,839 $134,108 $15,799
2019 $121,629 $139,203 $118,938 $-17,574
2018 $84,131 $116,660 $135,254 $-32,529
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