Iquilt Partnership Inc
- Assets
- $415.6k
- Revenue
- $346.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Hartford, CT
- Founding
- 05/2011
- Data as of
- 06/2022
- EIN
- 45-1744906
Organization Overview
Iquilt Partnership Inc is located in Hartford, CT. The organization was established in 2011. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Iquilt Partnership Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iquilt Partnership 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 06/2022, Iquilt Partnership Inc generated $346.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $540.7k during the year ending 06/2022. 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
TO EXECUTE THE IQUILT PLAN, AN ARTS BASED ECONOMIC DEVELOPMENT PLAN FOR THE CITY OF HARTFORD, CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINTERFEST HARTFORD: EXECUTED THE NECESSARY FUNDRAISING, PLANNING, AND IMPLEMENTATION FOR A 45 DAY EVENT IN BUSHNELL PARK FEATURING A SKATING RINK WITH FREE ADMISSION, FREE SKATE RENTALS, AND FREE SKATING LESSONS. WINTERFEST HARTFORD HAD APPROXIMATELY 36,500 SKATERS AND ANOTHER 40,000 ATTENDEES. IQUILT MAINTAINED A WINTERFEST WEBSITE THAT FEATURES ACTIVITIES IN HARTFORD DURING WINTERFEST AND WAS THE LEAD PARTNER FOR EXECUTION OF ALL ASPECTS OF WINTERFEST HARTFORD.
DESIGN, IMPLEMENTATION, AND COMMUNITY DEVELOPMENT: SUPPORT AND ADVOCATE FOR CITY OF HARTFORD'S IMPLEMENTATION OF THE IQUILT PLAN WORKING WITH GOVERNMENT, PRIVATE LAND OWNERS, RESIDENTS, AND STAKEHOLDERS. WORKED WITH STAKEHOLDERS AND URBAN DESIGN FIRM TO CONTINUE DESIGN AND IMPLEMENTATION OF BUSHNELL GARDENS LOCATED ON GOLD STREET AND OTHER CREATIVE PLACEMAKING PROJECTS WORKING WITH LOCAL ARTISTS. WORKED WITH STAKEHOLDERS TO ENVISION THE NEXT ITERATION OF IQUILT KNOWN AS IQUILT 2.0/HARTFORD 400. OPERATED THE IQUILT INNOVATION CENTER ON CENTRAL ROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Mandyck Executive Dir. | Officer | 40 | $86,520 |
James Carter Chair | OfficerTrustee | 0.5 | $0 |
David Fay Vice Chair | OfficerTrustee | 0.5 | $0 |
David Griggs Treasurer | OfficerTrustee | 0.5 | $0 |
Thea Montanez Secretary | OfficerTrustee | 0.5 | $0 |
Bonnie Malley Past President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,772 |
| Noncash contributions included in lines 1a–1f | $700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $346,314 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $346,314 |
| 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. | $87,818 |
| Compensation of current officers, directors, key employees. | $12,295 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,312 |
| Pension plan accruals and contributions | $3,789 |
| Other employee benefits | $5,852 |
| Payroll taxes | $11,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,443 |
| Advertising and promotion | $0 |
| Office expenses | $4,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,844 |
| 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 | $1,850 |
| Insurance | $9,783 |
| All other expenses | $600 |
| Total functional expenses | $540,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,030 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $96,803 |
| 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 | $7,425 |
| Net Land, buildings, and equipment | $10,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,580 |
| Accounts payable and accrued expenses | $42,395 |
| 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 | $42,395 |
| Net assets without donor restrictions | $9,760 |
| Net assets with donor restrictions | $363,425 |
| 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 | $415,580 |