Patchworks Inc
- Assets
- $679.8k
- Revenue
- $575.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Louisville, CO
- Founding
- 05/2009
- Data as of
- 06/2022
- EIN
- 30-0464109
Organization Overview
Patchworks Inc is located in Louisville, CO. The organization was established in 2009. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Patchworks Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patchworks 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, Patchworks Inc generated $575.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $527.4k during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 8 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
INDEPENDENT SCHOOL FOR CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AN INDEPENDENT SCHOOL FOR CHILDREN. THE TOTAL ENROLLMENT IS ROUGHLY 80 STUDENTS, WITH A MAXIMUM OF 32 PRESCHOOLERS PER DAY, 10 TODDLERS PER DAY. THE SCHOOL'S PHILOSOPHY EMPHASIZES SELF-DIRECTED LEARNING, OPEN ENDED MATERIALS, AND COMMUNITY. THE EMERGENT CURRICULUM INCLUDES LITERACY, MATHEMATICS, SCIENCE, TECHNOLOGY, ART, PHYSICAL EDUCATION AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Craig Treasurer | Officer | 30 | $34,116 |
Jammie Speyer Vice President | Officer | 0 | $31,866 |
Michele Beach Director | Trustee | 0 | $17,965 |
Patrick Lacz Director | Trustee | 0 | $0 |
Melissa Fishel Director | Trustee | 0 | $0 |
Hildegard Tietema Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,168 |
| Investment income | $1,797 |
| 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 | $575,156 |
| Statement of Expenses | |
|---|---|
| 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. | $83,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45 |
| Advertising and promotion | $3,001 |
| Office expenses | $78 |
| Information technology | $6,737 |
| Royalties | $0 |
| Occupancy | $99,015 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,184 |
| Insurance | $15,304 |
| All other expenses | $0 |
| Total functional expenses | $527,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,951 |
| Savings and temporary cash investments | $180,947 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $432,901 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $327 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $679,798 |
| 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 | $17,007 |
| Total liabilities | $17,007 |
| Net assets without donor restrictions | $662,791 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $662,791 |