Pattern
- Assets
- $246.9k
- Revenue
- $376.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-4197760
Organization Overview
Pattern is located in Carmel, IN. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pattern 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 12/2021, Pattern generated $376.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $321.4k during the year ending 12/2021. While expenses have increased by 19.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PATTERN, INC. PROVIDES SUPPORT TO CENTRAL INDIANAS CREATIVE/MAKER INDUSTRIES IN THE FORM OF BUSINESS RESOURCES, EXPOSURE, EDUCATION, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STITCHWORKS, A PROGRAM OF PATTERNS, OPERATES AS A SMALL BATCH SEWING FACILITY, OFFERING PRODUCTION SERVICES TO INDIE FASHION DESIGNERS, APPAREL BRANDS AND OTHER COMPANIES RELYING ON SEWING OPERATORS TO MAKE THEIR PRODUCTS. THE PRIMARY GOAL IS TO SERVE LOCAL FASHION DESIGNERS AND ENTREPRENEURS BY ESTABLISHING A FULL TIME CUT AND SEW FACILITY WHILE SIMULTANEOUSLY CREATING A PIPELINE OF SEWING TALENT IN OUR REGION. IN 2021 PATTERN LAUNCHED AN INDUSTRIAL SEWING CERTIFICATE PROGRAM TO ADDRESS THE DIRE SHORTAGE OF INDUSTRIAL MACHINE OPERATORS.
PATTERN OPERATES THE PATTERN WORKSHOP, AN OFFICE, SHOWROOM AND WORKROOM FOR INDIVIDUALS STARTING A BUSINESS IN A FASHION DESIGN OR RELATED MAKER FIELD LIKE, LEATHER WORK OR EMBROIDERY. IN ADDITION, PATTERN OFFERS A 12 TO 16 WEEK INTERNSHIP PROGRAM TO COLLEGE STUDENTS AND RECENT GRADUATES IN THE SPRING, SUMMER AND FALL. THE INTERNS WORK ONSITE AT THE PATTERN WORKSHOP LEARNING ALL ASPECTS OF THE ORGANIZATION INCLUDING SOCIAL MEDIA, FASHION, JOURNALISM, GRAPHIC DESIGN, PHOTOGRAPHY, EVENT PLANNING, BUSINESS ADMINISTRATION, NON-PROFIT MANAGEMENT, AND MARKETING/PUBLIC RELATIONS.
IN SUPPORT OF THE MISSION OF THE ORGANIZATION, PATTERN PUBLISHES A BI-ANNUAL MAGAZINE THAT PROVIDES FASHION/MAKER INDUSTRY PERSONNEL THE OPPORTUNITY TO WORK IN THEIR FIELD AND TO OTHERWISE HONE THEIR PROFESSIONAL SKILLS IN A PROFESSIONAL ENVIROMENT AND EDUCATES THE BROADER COMMUNITY ABOUT OUR MISSION. THE PUBLICATION IS SOLD AT PATTERNS EVENTS AND LOCAL BOOKSTORES. ALL PROCEEDS, IF ANY, GO TOWARDS THE ORGANIZATIONS PROGRAMMING NEEDS. PATTERN ALSO MAINTAINS A WEBSITE, WHICH IS A DIGITAL EXTENSION OF THE PRINTED MAGAZINE. ACCESS TO THE WEBSITE AND ITS CONTENT IS FREE.
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Polina Osherov Exectuive Director | OfficerTrustee | 40 | $22,593 |
Barry Wormser Board Member | OfficerTrustee | 2 | $0 |
Julie Heath Board Member | Trustee | 2 | $0 |
Nashara Mitchell Board Member | Trustee | 2 | $0 |
Fred Lockett Board Member | Trustee | 2 | $0 |
Alan Bacon Board Member | Trustee | 0 | $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 | $219,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,455 |
| Total Program Service Revenue | $156,672 |
| Investment income | $8 |
| 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 | $376,352 |
| 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. | $22,593 |
| Compensation of current officers, directors, key employees. | $22,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,785 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $8,926 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,940 |
| Office expenses | $11,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,930 |
| Travel | $1,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,067 |
| All other expenses | $5,500 |
| Total functional expenses | $321,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,469 |
| Savings and temporary cash investments | $107,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,061 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,862 |
| Accounts payable and accrued expenses | $51 |
| 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 | $68,415 |
| Other liabilities | $0 |
| Total liabilities | $68,466 |
| Net assets without donor restrictions | $178,396 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $246,862 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Pattern has recieved totaling $60,500.
| Awarding Organization | Amount |
|---|---|
Indianapolis Foundation Inc Indianapolis, IN PURPOSE: To Be Used at the Organization's Discretion | $41,000 |
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Moble Retail pop-up Shop | $15,000 |
Griffith Family Foundation Inc Indianapolis, IN PURPOSE: CONTRIBUTION TO GENERAL FUND | $2,500 |
Nicholas H Noyes Jr Memorial Foundation Inc Carmel, IN PURPOSE: STITCHWORKS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Chicago Convention & Tourism Bureau Inc Chicago, IL | $13,640,210 | $19,015,508 |
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |