Patchwork Quilt

Nonprofit profile at a glance

EIN
412007001
IRS 990 coverage
2012–2012
Forms available
Form 990 2012
Location
Minneapolis, MN, USA
Rating confidence
Limited
Sector
Visual Arts Organizations

Reported finances

Revenue
$303,010
Expenses
$277,285
Assets
$87,399
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

10 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Patchwork quilt's mission is to provide out-of-school programs for at-risk children which build knowledge, social and life skills. Ready for school. Ready for work. Ready for life.

What it reported doing in 2012

The summer program, modeled on the children's defense fund's freedom school, had 80 participants during the fiscal year and ran monday-friday for six weeks. In addition, the after school program ran on every day the minneapoplis public schools were in session, and involved 40 participants from grades 1 - 6, monday - friday from 1:30 - 6:00 p.m. The patchwork quilt (pq) scholars are involved in a rigorous formal reading, math, computer, homework help, cultural and life skills curriculum. The children are bused to and from the program and enjoy a hearty, healthy, lunch before beginning their academic work. Five junior volunteers, who had graduated from the sixth grade of the after-school program, assisted staff and other volunteers in working with the scholars and participated in their own friday night teen group. On fridays the after-school schedule changes and scholars choose from a variety of clubs, including knitting, science, computer, dance and drama. Field trips and arts experiences are also part of the scholars pq time.

Operating model

Revenue model
Donor-supported. 69% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 50
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.5%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $230K in reported program spending
  • Leadership: top reported pay $36K · 10 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.