Overview
What is Seed Charities?
Seed Charities, with its headquarters located at 7400 Gurney Drive, Plano, Texas 75024, is a nonprofit organization dedicated to combating poverty. Their flagship project, Threads of Hope, is a unique initiative that sells hand-crafted textiles, generating funds that directly benefit over 100 artisans in Peru. This project is largely volunteer-driven, allowing an impressive 90% of revenue to be channeled back to the participating families. The organization ensures financial transparency by monitoring the revenue distribution process from the U.S., through Finca Peru, and finally to the women involved. Threads of Hope's mission is to disrupt the cycle of poverty by empowering economically disadvantaged individuals. The project's successes include improving living conditions for families, enabling children to attend school, and ensuring their overall health and well-being. Seed Charities' efforts demonstrate a commitment to making a tangible impact on people's lives.
Official website here: www.tohtexas.org
Is Seed Charities legitimate?
Seed Charities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seed Charities submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $45,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,250
For more financial information, click here
Official website here: www.tohtexas.org
What is the mission statement of Seed Charities?
Seed Charities, through its initiative Threads of Hope, aims to combat poverty by implementing strategies that empower economically disadvantaged individuals. This mission is achieved by selling hand-made textiles, primarily in Peru, where 90% of the revenue generated is returned to the artisans involved. The financial transparency ensures that the majority of the income reaches the families directly, leading to notable improvements in their living conditions. The project has resulted in better housing for families, improved access to education for their children, and overall better health and nutrition.
Official website here: www.tohtexas.org
Who is the CEO of Seed Charities?
Kim Nimon is the President of Seed Charities.
Official website here: www.tohtexas.org
What is the revenue of Seed Charities?
Seed Charities's revenue in 2020 was -$3,156.
Official website here: www.tohtexas.org
Who are the executives of Seed Charities and what are their salaries?
The average compensation at Seed Charities during 2020 was $23,975. There are 2 employees and 100 volunteers at Seed Charities.
Here are 7 key members and their salaries:
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Official website here: www.tohtexas.org
Where can I find the form 990 for Seed Charities?
Seed Charities's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.tohtexas.org
Learn more at the official website: www.tohtexas.org
Mission Statement of Seed Charities
Seed Charities, through its project Threads of Hope, aims to disrupt the cycle of poverty by empowering economically disadvantaged individuals. The organization achieves this mission by leveraging strategies that provide opportunities for growth and self-sufficiency. One of their key initiatives is selling hand-made textiles, which is almost entirely volunteer-supported. This innovative approach enables Threads of Hope to allocate a significant percentage of its revenue directly back to the artisans who produce the items, ensuring financial accountability and transparency.
The positive impact of this project is evident in the lives of the participating families. Previously living in impoverished conditions, families have been able to improve their living standards, with homes boasting concrete floors, brick walls, and sturdy roofs, replacing the makeshift shelters of the past. Additionally, children of these families are now benefiting from education, improved nutrition, and better health, ensuring a brighter future. The mission of Seed Charities, through Threads of Hope, is a testament to the transformative power of empowerment and community support in breaking the cycle of poverty.
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Impact
October, 2024
Seed Charities has significantly impacted economically disadvantaged communities in Peru through its Threads of Hope program. By selling hand-made textiles crafted by over 100 artisans, the initiative ensures that 90% of the revenue generated is directly returned to participating families. This financial return is carefully monitored, promoting transparency and accountability throughout the process, from the U.S. to the artisans.
The outcomes of this project are transformative. Families living in precarious housing conditions have improved their living standards, transitioning from scrap shanties to homes with concrete floors, brick walls, and durable roofs. Additionally, the project supports children's education, ensuring that they are enrolled in school, well-nourished, and healthy. Overall, Seed Charities plays a crucial role in breaking the cycle of poverty and fostering sustainable change in the Andes region.
This information is meant to be a general summary of Seed Charities. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $9
- Program Service Revenue: $54,845
- Gross Receipts: $92,137
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Product Sales
Revenue
$54,845
Organization Details
Founding Year
2009
Phone
(972) 618-5306Principal Officer
Kim Nimon
Main Address
7400 GURNEY DRIVE, PLANO, TX, 75024
Website
www.tohtexas.orgNTEE Category
Code: Q33 - International
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