Supports Central Indiana's creative makers with business help, exposure, education, and advocacy.
For fiscal year 2023 it reported $951K in revenue, $773K in expenses, and $341K in net assets.Pt I
Where the money goes · FY2023
Total revenue
$951K
Pt VIII · Ln 12
Total expenses
$773K
Pt IX · Ln 25
Net assets
$341K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $178K
Where spending went · Part IX cols B–D
73%
26%
Program services $0.73 Management & general $0.26 Fundraising $0.01
Program efficiency
73%
of spending reaches programs
Operating runway
4.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2023 · Form 990
Revenue
$951K
FY2023▲ +111%
$1.4M$690K$0
FY2020FY2024
Expenses
$773K
FY2023▲ +65%
$972K$486K$0
FY2020FY2024
Total assets
$414K
FY2023▲ +65%
$816K$408K$0
FY2020FY2024
Total liabilities
$72K
FY2023▼ -18%
$88K$44K$0
FY2020FY2024
Total revenue
$951K
Pt VIII · Ln 12
Total expenses
$773K
Pt IX · Ln 25
Net assets
$341K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$178K
Total assetsPt X · Ln 16$414K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III
Where the work happens
3 program services account for $512K of program spending, described in the organization's own filed words · FY2023.
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.
$358Kprogram expense
02
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.
$80Kprogram 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.
Polina Osherov’s $75K as Exectuive Director
is at the 9th percentile of top reported officer pay among 2834 $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
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.
Individual Polina Osherov · Reported title Exectuive Director · Highest reported compensation $70K · Total expenses $773K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $153K · Total expenses $773K
20%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
73%
—
—
Overhead ratio
26%
—
—
Fundraising cost ratio
3%
—
—
Revenue growth
111%
—
—
Accounting fee ratio
2%
—
—
Fundraising fee ratio
1%
—
—
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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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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