Patch INC FY2022 filing

Tax-deductible

Memphis, TN501(c)(3)Youth DevelopmentEIN 26-3361301Revenue $296K in FY2022

On file with the IRSpatchinc.org4745 Poplar Ave, 38117-4430 · Memphis, TNTax-exempt since Nov 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Transational housing - providing housing for felons and drug court probational prisoners.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$37K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $14K a year · 4% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $17K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$224K
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$296K
+109% vs prior year
Spent
$256K
To programs
76%
Net assets
$84K
By yearFY2020–FY2025
Revenue
$296K
FY2022▲ +109%
Tap a bar for its year
Revenue by fiscal year
FY2020$99K
FY2021$142K
FY2022$296K
FY2023$410K
FY2024$311K
FY2025$318K
Expenses
$256K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$256K
FY2023$375K
FY2024$331K
FY2025$317K
Net assets
$84K
FY2022▲ +93%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2K
FY2021$44K
FY2022$84K
FY2023$119K
FY2024$99K
FY2025$100K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $195K Management & general 24% · $61K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$36,800Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Vice -Chairnman
$0Pt VII · Sec A

Rose Falkner’s $52K as CEO is at the 41st percentile of top reported officer pay among 1993 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Rose Falkner$52,000$36,800$27,645$32,350
Kayla Hall———$2,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides housing for formerly incarcerated individuals and those in drug court programs.

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Provided by the organization

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1 program · $195K · in their own filed words · FY2022
01

Patch continues to comply with all requirements dictated by the TN department of corrections in providing housing and support for convicted felons in half=way houses in the city of ,emphis

$195Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$17K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$296K
Ln 12
Gifts and grantsLn 1h$191K
Fees for servicesLn 2g$103K
Other incomeLn 4–11$2K
Money outPt IX
$256K
Ln 25
Programscol B$195K
Managementcol C$61K
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$308K
LiabilitiesLn 26$224K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$191K
Government grantsLn 1e$191K
Fees for servicesLn 2g$103K
Other incomeLn 4–11$2K
Total revenueLn 12$296K
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$289K
Total assetsLn 16$308K
LiabilitiesLn 26$224K
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$652$19K
Land, buildings, equipmentLn 10c$43K$289K
Total assetsLn 16$102K$308K
LiabilitiesLn 26$58K$224K
Net assetsLn 32$44K$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$37K$2K$35K
Other salaries and wagesLn 7$5K$5K$545
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$3K$153$3K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$400$400
Advertising and promotionLn 12$204$204
Office expensesLn 13$11K$11K
OccupancyLn 16$121K$115K$6K
TravelLn 17$2K$2K$435
Conferences, conventions and meetingsLn 19$463$440$23
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$4K$4K$211
Other expenses (24a–d)Ln 24$53K$53K
Total functional expensesLn 25$256K$195K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $318K$317K$1K$100K 990 PDF
FY2024 $311K$331K−$19K$99K 990 PDF
FY2023 $410K$375K$35K$119K 990 PDF
FY2022 Viewing $296K$256K$40K$84K 990 PDF
FY2021 $142K$44K 990 PDF
FY2020 $99K−$2K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $296,290 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $102,709$191,177
I-9 Program service revenuePrior year $38,976$103,237
I-10 Investment income$0
I-11 Other revenue$1,876
I-12 Total revenuePrior year $141,685$296,290
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $98,952$47,606
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $71,810$208,381
I-18 Total expensesPrior year $170,762$255,987
I-19 Revenue less expensesPrior year −$29,077$40,303
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $296,290 across 5 lines filed
VIII-1e Government grants$191,177
VIII-1h Total contributions, gifts and grants$191,177
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $103,237$103,237
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,876$1,876
VIII-12 Total revenueRelated to mission $105,113 · Unrelated business $0 · Excluded from tax $0$296,290
Part IX · Statement of functional expenses $255,987 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,840 · Management $34,960$36,800
IX-7 Other salaries and wagesPrograms $4,905 · Management $545$5,450
IX-8 Pension plan contributionsManagement $2,300$2,300
IX-10 Payroll taxesPrograms $153 · Management $2,903$3,056
IX-11b Legal feesPrograms $4,000$4,000
IX-11c Accounting feesManagement $1,900$1,900
IX-11g Other fees for servicesPrograms $400$400
IX-12 Advertising and promotionManagement $204$204
IX-13 Office expensesManagement $11,116$11,116
IX-16 OccupancyPrograms $114,537 · Management $6,028$120,565
IX-17 TravelPrograms $1,741 · Management $435$2,176
IX-19 Conferences, conventions and meetingsPrograms $440 · Management $23$463
IX-22 Depreciation, depletion and amortizationPrograms $9,957$9,957
IX-23 InsurancePrograms $4,000 · Management $211$4,211
IX-24 Other expenses (24a–d)Programs $53,389$53,389
IX-25 Total functional expensesPrograms $195,362 · Management $60,625 · Fundraising $0$255,987
Part X · Balance sheet $308,258 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $652$19,408
X-10c Land, buildings and equipment, netStart of year $42,864$288,850
X-16 Total assetsStart of year $101,912$308,258
X-25 Other liabilities$224,439
X-26 Total liabilitiesStart of year $58,396$224,439
X-32 Total net assets or fund balancesStart of year $43,516$83,819
X-33 Total liabilities and net assetsStart of year $101,912$308,258
Part XI · Reconciliation of net assets $83,819 net assets at year end
XI-1 Total revenue$296,290
XI-2 Total expenses$255,987
XI-3 Revenue less expenses$40,303
XI-4 Net assets at start of year$43,516
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$83,819

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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