Pattern

Tax-deductible

Carmel, IN501(c)(3)Community DevelopmentEIN 47-4197760Revenue $1.4M in FY2024

On file with the IRSpatternindy.com12664 Tuscany Blvd, 46032-8769 · Carmel, INTax-exempt since Feb 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Pattern INC. Provides support to central indiana's creative maker industries in the form of business resources exposure education and advocacy

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 75 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $151K a year · 20% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 8% of spending
Top officer’s pay lower than 92% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $222K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$66K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+45% vs prior year
Spent
$972K
To programs
70%
Net assets
$750K
By yearFY2020–FY2024
Revenue
$1.4M
FY2024▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020$224K
FY2022$452K
FY2023$951K
FY2024$1.4M
Expenses
$972K
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$190K
FY2022$467K
FY2023$773K
FY2024$972K
Net assets
$750K
FY2024▲ +120%
Tap a bar for its year
Net assets by fiscal year
FY2020$123K
FY2022$163K
FY2023$341K
FY2024$750K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2016.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $679K Management & general 23% · $220K Fundraising 8% · $73K

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

14 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exectuive Director
$75,000Pt VII · Sec A
Board Memberchair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Membertreasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Polina Osherov’s $75K as Exectuive Director is at the 8th percentile of top reported officer pay among 2832 $1–10M community 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

NameFY2024FY2023FY2022FY2020
Polina Osherov$75,000$70,000$40,689—
Polina Osherov Glenn———$18,000

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

Programs and updates

Supports Central Indiana's creative makers with business help, exposure, education, and advocacy.

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Provided by the organization

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3 programs · $624K · in their own filed words · FY2024
01

Pattern offers fellowships and creatitve entrepreneur in residence programs allowing participants to work onsite 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.

$469Kprogram expense
02

Pattern hosts multiple events throughout the year with the purpose of growing, educating, and unifying an all inclusive community of fashion lovers, students, professionals, and enthusiasts. Events held include digital cover shoots, the Indiana Creative Economy Summitt, as well as a variety of networking and skill building events.

$101Kprogram expense
03

Stitchworks, a program of Patterns, operates as a small batch sewing facility offering production services to indie fashion designers and entrepreneurs by establishing a full time cut and sew facility while simultaneously creating a pipeline of sewing talent in our region.

$55Kprogram 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$222K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$999K
Gifts and grantsLn 1h$381K
Investment incomeLn 3$9
Money outPt IX
$972K
Ln 25
Programscol B$679K
Managementcol C$220K
Fundraisingcol D$73K
Owns and owesPt X
$750K
net assets · Ln 32
Cash and savingsLn 1–2$680K
Total assetsLn 16$816K
LiabilitiesLn 26$66K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$381K
Fees for servicesLn 2g$999K
Investment incomeLn 3$9
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$590K
SavingsLn 2$90K
Cash and savings togetherLn 1–2$680K
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$816K
LiabilitiesLn 26$66K
Net assetsLn 32$750K
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$278K$680K
Land, buildings, equipmentLn 10c$19K$21K
Total assetsLn 16$414K$816K
LiabilitiesLn 26$72K$66K
Net assetsLn 32$341K$750K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$75K
Other salaries and wagesLn 7$169K$109K$7K$52K
Payroll taxesLn 10$19K$9K$6K$4K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$22K$22K
Professional fundraising feesLn 11e$11K$11K
Other fees for servicesLn 11g$86K$75K$10K$1K
Advertising and promotionLn 12$73K$19K$53K$969
Office expensesLn 13$26K$4K$21K$1K
OccupancyLn 16$19K$19K
TravelLn 17$2K$156$1K
Conferences, conventions and meetingsLn 19$2K$446$1K$120
InterestLn 20$1K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$462K$462K
All other expensesLn 24e$740$740
Total functional expensesLn 25$972K$679K$220K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$972K$409K$750K 990 PDF
FY2023 $951K$773K$178K$341K 990 PDF
FY2022 $452K$467K−$16K$163K 990 PDF
FY2021 Not on file
FY2020 $224K$190K$34K$123K 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 FY2024 990 (6 parts)
Part I · Summary $1,380,542 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $199,926$381,160
I-9 Program service revenuePrior year $751,027$999,373
I-10 Investment incomePrior year $10$9
I-11 Other revenue$0
I-12 Total revenuePrior year $950,963$1,380,542
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $153,455$262,895
I-16a Professional fundraising feesPrior year $5,664$11,468
I-17 Other expensesPrior year $613,426$697,569
I-18 Total expensesPrior year $772,545$971,932
I-19 Revenue less expensesPrior year $178,418$408,610
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,380,542 across 6 lines filed
VIII-1f All other contributions, gifts and grants$381,160
VIII-1h Total contributions, gifts and grants$381,160
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $999,373$999,373
VIII-3 Investment incomeRelated to mission $9$9
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $999,382 · Unrelated business $0 · Excluded from tax $0$1,380,542
Part IX · Statement of functional expenses $971,932 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $75,000$75,000
IX-7 Other salaries and wagesPrograms $109,373 · Management $6,827 · Fundraising $52,500$168,700
IX-10 Payroll taxesPrograms $9,441 · Management $5,738 · Fundraising $4,016$19,195
IX-11b Legal feesManagement $1,590$1,590
IX-11c Accounting feesManagement $22,332$22,332
IX-11e Professional fundraising feesFundraising $11,468$11,468
IX-11g Other fees for servicesPrograms $75,000 · Management $9,995 · Fundraising $1,200$86,195
IX-12 Advertising and promotionPrograms $18,776 · Management $52,904 · Fundraising $969$72,649
IX-13 Office expensesPrograms $3,639 · Management $20,802 · Fundraising $1,398$25,839
IX-16 OccupancyManagement $18,635$18,635
IX-17 TravelManagement $156 · Fundraising $1,423$1,579
IX-19 Conferences, conventions and meetingsPrograms $446 · Management $1,452 · Fundraising $120$2,018
IX-20 InterestManagement $1,492$1,492
IX-23 InsuranceManagement $2,633$2,633
IX-24 Other expenses (24a–d)Programs $461,867$461,867
IX-24e All other expensesManagement $740$740
IX-25 Total functional expensesPrograms $678,542 · Management $220,296 · Fundraising $73,094$971,932
Part X · Balance sheet $816,379 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $180,148$589,955
X-2 Savings and temporary cash investmentsStart of year $98,152$89,562
X-4 Accounts receivableStart of year $116,330$116,230
X-10c Land, buildings and equipment, netStart of year $18,872$20,632
X-16 Total assetsStart of year $413,502$816,379
X-17 Accounts payable and accrued expensesStart of year $17,693$14,367
X-26 Total liabilitiesStart of year $72,210$66,477
X-27 Net assets without donor restrictionsStart of year $341,292$524,902
X-28 Net assets with donor restrictions$225,000
X-32 Total net assets or fund balancesStart of year $341,292$749,902
X-33 Total liabilities and net assetsStart of year $413,502$816,379
Part XI · Reconciliation of net assets $749,902 net assets at year end
XI-1 Total revenue$1,380,542
XI-2 Total expenses$971,932
XI-3 Revenue less expenses$408,610
XI-4 Net assets at start of year$341,292
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$749,902

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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