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Esperanza Threads Inc.

Esperanza Threads Inc.

Cleveland, OH
Tax ID34-1921602

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About this organization

Revenue

$153,429

Expenses

$121,903

Mission

Esperanza Threads, Inc. (Esperanza Threads) is a nonprofit organization chartered in the state of Ohio in 1971. The mission of Esperanza Threads is to provide sewing skill training and finding employment. Esperanza Threads uses 100% sustainable fabric designs. They make products for adults, youths, babies as well as beds, baths and kitchens while touting the fact that they are a nonprofit training facility teaching those needing skills for employment how to sew on industrial machines.

About

Esperanza Threads operates two programs: an industrial sewing job training and job placement program for low income individuals which includes Clevelanders and migrant refugees who are new to the city, and an organic clothing manufacturer and retailer. The mission of Esperanza Threads is to provide sewing training in good-quality jobs, to assist individuals with barriers to employment to support a family and to have the opportunity to build a career. The training program currently instructs 40-50 people a year with a 50-65% hiring rate in jobs.

Interesting data from their 2019 990 filing

The filing documents outline the non-profit's mission as “Esperanza threads, inc. (esperanza threads) is a nonprofit organization chartered in the state of ohio in 1971. the mission of esperanza threads is to provide sewing skill training and finding employment. esperanza threads uses 100% sustainable fabric designs. they make products for adults, youths, babies as well as beds, baths and kitchens while touting the fact that they are a non-profit training facility teaching those needing skills for employment how to sew on industrial machines.”.

When outlining the tasks it performs, they were referred to as: “Esperanza threads, inc. (esperanza threads) is a nonprofit organization chartered in the state of ohio in 1971. the mission of esperanza threads is to provide sewing skill training and finding employment. esperanza threads uses 100% sustainable fabric designs. they make products for adults, youths, babies as well as beds, baths and kitchens while touting the fact that they are a non-profit training facility teaching those needing skills for employment how to sew on industrial machines.”.

  • The non-profit's reported state of operation is OH as per legal requirements.
  • The filing reveals that the address of the non-profit in 2019 is 1370 W 69TH STREET, CLEVELAND, OH, 44102.
  • As of 2019, the non-profit has 7 employees reported on their 990 form.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $100,000 and $250,000.
  • Revenue is between $100,000 and $250,000.
  • Revenue less expenses is $31,526.
  • The compensation policy for the CEO of the organization is established through a review and endorsement from an independent source.
  • The organization has 8 independent voting members.
  • The organization was formed in 2000.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization's financial statements were compiled or reviewed by an accountant.
  • The organization pays $72,735 in salary, compensation, and benefits to its employees.
  • The organization pays $1,875 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.

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