Pattern
- Assets
- $250.7k
- Revenue
- $451.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Carmel, IN
- Founding
- 02/2016
- Data as of
- 12/2022
- 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. As of 12/2022, Pattern employed 3 individuals. 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 12/2022, Pattern generated $451.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $467.1k during the year ending 12/2022. While expenses have increased by 26.8% per year over the past 5 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
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
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.
SEE SCHEDULE O.
PATTERN HOSTS REGULAR MEETUPS VIA THE WWW.MEETUP.COM AND WWW.EVENTBRITE.COM WEBSITE WITH THE PURPOSE OF GROWING, EDUCATING, AND UNIFYING AN ALL-INCLUSIVE COMMUNITY OF FASHION LOVERS, STUDENTS, PROFESSIONALS AND ENTHUSIASTS. THE MEETUPS ARE HELD ON A REGULAR BASIS, OPEN TO THE PUBLIC, AND EACH FOCUSES ON A DIFFERENT EDUCATIONAL TOPIC RELEVANT TO OUR COMMUNITY. THE FORMAT OF THE MEETUPS VARIES FROM HAVING A PANEL OF EXPERTS, BRINGING IN GUESTS SPEAKERS, OR HAVING NETWORKING EVENTS. PATTERN HAS ALSO FUNDED A PROJECT TO TURN AN OLD CITY BUS INTO A POP UP BOUTIQUE AND A RETAIL INCUBATOR TO BRING AWARENESS TO PATTERN PROJECTS AND PROVIDE OPPORTUNITIES FOR MAKERS TO SELL OR EXHIBIT THEIR WORK.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Polina Osherov Exectuive Director | OfficerTrustee | 40 | $40,689 |
Alan Bacon Board Member | Trustee | 0 | $0 |
Lindsey Macyauski Board Member | Trustee | 2 | $0 |
Micah Smith Board Member | Trustee | 2 | $0 |
Nashara Mitchell Board Member | Trustee | 0 | $0 |
Michelle Griffith 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 | $102,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,869 |
| Total Program Service Revenue | $348,340 |
| Investment income | $11 |
| 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 | $451,618 |
| 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. | $34,500 |
| Compensation of current officers, directors, key employees. | $34,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,236 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,945 |
| Fees for services: Management | $418 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,826 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,762 |
| Office expenses | $4,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,985 |
| Travel | $3,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $891 |
| Interest | $3,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,020 |
| All other expenses | $6,158 |
| Total functional expenses | $467,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,221 |
| Savings and temporary cash investments | $101,743 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,263 |
| 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 | $3,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,726 |
| Accounts payable and accrued expenses | $22,935 |
| 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 | $64,917 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $87,852 |
| Net assets without donor restrictions | $162,874 |
| 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 | $250,726 |