Patchwork Central Inc
- Assets
- $1.4m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Evansville, IN
- Founding
- 05/1979
- Data as of
- 09/2022
- EIN
- 31-0947418
Organization Overview
Patchwork Central Inc is located in Evansville, IN. The organization was established in 1979. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 09/2022, Patchwork Central Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patchwork Central 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 09/2022, Patchwork Central Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $289.4k during the year ending 09/2022. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHED NOTE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHED STATEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Rich Co-Executive Director | Officer | 20 | $35,877 |
Veltri Taylor President | Officer | 1 | $0 |
Kristina Coon Treasurer | Officer | 1 | $0 |
John Rich Co-Executive Director | Officer | 20 | $0 |
Isabella Mccool Secretary | Officer | 1 | $0 |
Deandre Wilson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $999,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $999,704 |
| Total Program Service Revenue | $0 |
| Investment income | $8,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,355 |
| Net Gain/Loss on Asset Sales | -$1,385 |
| Net Income from Fundraising Events | $284 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,008,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,727 |
| Compensation of current officers, directors, key employees. | $10,796 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,901 |
| Pension plan accruals and contributions | $6,288 |
| Other employee benefits | $0 |
| Payroll taxes | $13,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $3,622 |
| Royalties | $0 |
| Occupancy | $17,795 |
| Travel | $917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,787 |
| Insurance | $12,008 |
| All other expenses | $51,209 |
| Total functional expenses | $289,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,850 |
| Savings and temporary cash investments | $952,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $169,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,178 |
| Total assets | $1,428,934 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,357,821 |
| Net assets with donor restrictions | $71,113 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,428,934 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patchwork Central Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Koch Foundation Inc Evansville, IN PURPOSE: CHARITABLE OPERATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $245,052 |
| Earnings | -$66,334 |
| Admin Expense | $587 |
| Other Expense | $7,953 |
| Ending Balance | $170,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The John H Boner Community Center Inc Indianapolis, IN | $126,660,551 | $66,637,978 |
Jewish Community Centers Of Chicago Northbrook, IL | $32,100,080 | $36,016,518 |
Jewish Community Center St Louis, MO | $73,670,376 | $21,790,226 |
Christopher House Chicago, IL | $33,720,951 | $17,812,600 |
Harry And Rose Samson Family Jewish Community Center Inc Milwaukee, WI | $35,315,699 | $16,004,806 |
Illinois Valley Economic Development Corporation Gillespie, IL | $10,213,117 | $12,871,586 |
Heartland Center For Behavioral Change Kansas City, MO | $6,675,393 | $11,265,648 |
Erie Neighborhood House Chicago, IL | $11,699,595 | $9,786,163 |
Irwin A And Robert D Goodman Community Center Inc Madison, WI | $24,842,387 | $10,176,996 |
The Ark Chicago, IL | $15,671,677 | $9,993,897 |
Childrens Outing Assn Milwaukee, WI | $15,302,418 | $8,063,882 |
Southeast Community Services Inc Indianapolis, IN | $19,009,152 | $11,898,088 |