Patchworks INC FY2021 filing
Educates children in an independent school setting. For fiscal year 2021 it reported $688K in revenue, $404K in expenses, and $615K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Education
- Location
- Louisville, CO
- Website
- www.thepatchworkschool.com
- Filings
- 6 on file (2020–2021)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Heather Craig’s $58K as Treasurer is at the 50th percentile of top reported officer pay among 1616 $100K–1M education 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 · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Heather Craig | $57,564 | $49,627 | $34,116 | $22,019 | $19,175 |
| Jammie Speyer | — | — | $31,866 | — | — |
| Cassandra Swick | — | — | — | $15,639 | $30,782 |
| Michele Beach | $25,775 | $22,675 | $17,965 | — | — |
| Michele Leonard | — | — | — | — | $10,530 |
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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Where the work happens
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 89% | — | — |
| Overhead ratio | 11% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 74% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0.2% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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