Civic Intelligence

Peacequilts Inc.

990EZ • Fiscal year 2017 • EIN 32-0272292

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 06, 2018

457 Rollin RoadNorth Bennington, VT 05257

(508) 627-2420

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.49x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

0.76x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

2nd percentile

-276%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

7th percentile

-56%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-85%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$16,885

Down $21,792 (-56%) from 2016

Net Assets

Down

$8,546

Down $30,131 (-78%) from 2016

Liabilities

Up

$8,339

Up $8,339 from 2016

Revenue

Down

$10,913

Down $63,223 (-85%) from 2016

Expenses

Down

$41,044

Down $7,141 (-15%) from 2016

Net Income

Down

-$30,131

Down $56,082 (-216%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2014: $16,898Liabilities 2014: $4,754Net Assets 2014: $12,1442014Assets 2015: $15,503Liabilities 2015: $2,777Net Assets 2015: $12,7262015Assets 2016: $38,677Liabilities 2016: $0Net Assets 2016: $38,6772016Assets 2017: $16,885Liabilities 2017: $8,339Net Assets 2017: $8,5462017Assets 2018: $39,425Liabilities 2018: $17,637Net Assets 2018: $21,7882018Assets 2019: $45,048Liabilities 2019: $5,385Net Assets 2019: $39,6632019Assets 2020: $45,458Liabilities 2020: $26Net Assets 2020: $45,4322020Assets 2021: $64,070Liabilities 2021: $5Net Assets 2021: $64,0652021Assets 2022: $55,585Liabilities 2022: $30Net Assets 2022: $55,5552022

Highlighted filing

2017

Assets$16,885
Liabilities$8,339
Net Assets$8,546

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2014: $45,519Expenses 2014: $58,133Net Income 2014: -$12,6142014Revenue 2015: $41,759Expenses 2015: $41,177Net Income 2015: $5822015Revenue 2016: $74,136Expenses 2016: $48,185Net Income 2016: $25,9512016Revenue 2017: $10,913Expenses 2017: $41,044Net Income 2017: -$30,1312017Revenue 2018: $50,967Expenses 2018: $35,220Net Income 2018: $15,7472018Revenue 2019: $64,792Expenses 2019: $46,917Net Income 2019: $17,8752019Revenue 2020: $11,229Expenses 2020: $5,460Net Income 2020: $5,7692020Revenue 2021: $37,749Expenses 2021: $19,116Net Income 2021: $18,6332021Revenue 2022: $16,142Expenses 2022: $24,652Net Income 2022: -$8,5102022

Highlighted filing

2017

Revenue$10,913
Expenses$41,044
Net Income-$30,131
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$44,946
Mission and Program Overview

Mission

PeaceQuilts is an economic development organization establishing and supporting independent, self-managed sewing cooperatives in Haiti.

Program Services

DescriptionGrantsExpenses
PROVIDE RAW MATERIAL AND FACILITATE RECEIPT OF DONATED MATERIALS TO THE 6 COOPERATIVES, 93 WOMEN IN HAITI, FOR CREATION OF ART QUILTS AS WELL AS PRODUCTION OF ARTISAN PRODUCTS FOR PERSONAL AND HOME USE, SUCH AS PURSES, BAGS, AND POTHOLDERS.$0$0
CONNECT THE ARTISTS WITH MARKETS OUTSIDE HAITI AND SELL ART QUILTS BELONGING TO MEMBERS OF 6 COOPERATIVES IN HAITI, 93 WOMEN. ASSIST THE WOMEN WITH NEW PRODUCT DEVELOPMENT. ESTABLISH AND EXPAND OUTLETS FOR THE PRODUCTS MADE BY THE WOMEN BOTH IN HAITI AND INTERNATIONALLY.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
FLORIDE CARPENTERPresident-$0--
DAWN BARNARDTreasurer-$0--
MAUREEN MATTHEW MCCLINTOCKSecretary-$0--
JEANNE STAPLESExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
Peacequilts Inc
EIN
32-0272292
Phone
5086272420
Address
457 ROLLIN ROAD, NORTH BENNINGTON, VT 05257

Signing Officer

Name
Maureen Matthews Mcclintock
Title
Secretary
Phone
5086272420
Signed
2018-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Renee J Jacobs CPA Pc
Address
209 WASHINGTON AVE, BENNINGTON, VT 05201
Preparer
Renee J Jacobs CPA
Phone
8024422468
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 7 - Sales of Inventory

Income: gross receipts: 32,626. Returns and allowances: 0. Less cost of goods sold: 34,033. Gross profit: -1,407. Cost of goods sold: inventory at beginning of year: 6,267. Merchandise purchased: 12,102. Cost of labor: 0. Materials and supplies: 0. Other costs: 22,317. Inventory at end of year: 6,653. Cost of goods sold: 34,033.

Form 990-ez, Part I, Line 7B - Other Costs

Description: shipping. Amount: 1,952. Description: artists cooperatives. Amount: 20,365. Total included on form 990-ez, part i, line 7b: 22,317.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: payroll taxes. Amount: 1,705. Description: bank charges. Amount: 777. Description: travel. Amount: 6,907. Description: internet & telephone. Amount: 383. Description: program expenses. Amount: 165. Description: sponsorships. Amount: 4,540. Total to form 990-ez, line 16: 14,477.

Form 990-ez, Part II, Line 24 - Other Assets

Description: inventories. Beg. Of year amount: 6,267. End of year amount: 6,653. Description: due from cooperatives. Beg. Of year amount: 650. End of year amount: 0.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: due to cooperatives. Beg. Of year amount: 0. End of year amount: 8,339.

Raw XML Appendix177 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0FLORIDE CARPENTER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MAUREEN MATTHEW MCCLINTOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JEANNE STAPLES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt06917
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt014477
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0PEACEQUILTS IS AN ECONOMIC DEVELOPMENT ORGANIZATION ESTABLISHING AND SUPPORTING INDEPENDENT, SELF-MANAGED SEWING COOPERATIVES IN HAITI.
IRS990EZ/PrintingPublicationsPostageAmt0498
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE RAW MATERIAL AND FACILITATE RECEIPT OF DONATED MATERIALS TO THE 6 COOPERATIVES, 93 WOMEN IN HAITI, FOR CREATION OF ART QUILTS AS WELL AS PRODUCTION OF ARTISAN PRODUCTS FOR PERSONAL AND HOME USE, SUCH AS PURSES, BAGS, AND POTHOLDERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1CONNECT THE ARTISTS WITH MARKETS OUTSIDE HAITI AND SELL ART QUILTS BELONGING TO MEMBERS OF 6 COOPERATIVES IN HAITI, 93 WOMEN. ASSIST THE WOMEN WITH NEW PRODUCT DEVELOPMENT. ESTABLISH AND EXPAND OUTLETS FOR THE PRODUCTS MADE BY THE WOMEN BOTH IN HAITI AND INTERNATIONALLY.
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IRS990EZ/SchoolOperatingInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INCOME: GROSS RECEIPTS: 32,626. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 34,033. GROSS PROFIT: -1,407. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 6,267. MERCHANDISE PURCHASED: 12,102. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 22,317. INVENTORY AT END OF YEAR: 6,653. COST OF GOODS SOLD: 34,033.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: SHIPPING. AMOUNT: 1,952. DESCRIPTION: ARTISTS COOPERATIVES. AMOUNT: 20,365. TOTAL INCLUDED ON FORM 990-EZ, PART I, LINE 7B: 22,317.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PAYROLL TAXES. AMOUNT: 1,705. DESCRIPTION: BANK CHARGES. AMOUNT: 777. DESCRIPTION: TRAVEL. AMOUNT: 6,907. DESCRIPTION: INTERNET & TELEPHONE. AMOUNT: 383. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 165. DESCRIPTION: SPONSORSHIPS. AMOUNT: 4,540. TOTAL TO FORM 990-EZ, LINE 16: 14,477.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: INVENTORIES. BEG. OF YEAR AMOUNT: 6,267. END OF YEAR AMOUNT: 6,653. DESCRIPTION: DUE FROM COOPERATIVES. BEG. OF YEAR AMOUNT: 650. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: DUE TO COOPERATIVES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 8,339.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 7B - OTHER COSTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MAUREEN MATTHEWS MCCLINTOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05086272420
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEACEQUILTS INC
ReturnHeader/Filer/BusinessNameControlTxt0PEAC
ReturnHeader/Filer/EIN0320272292
ReturnHeader/Filer/PhoneNum05086272420
ReturnHeader/Filer/USAddress/AddressLine1Txt0457 ROLLIN ROAD
ReturnHeader/Filer/USAddress/CityNm0NORTH BENNINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005257
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0949D036ACF826EFB3855D013DCB7A27155E42F6C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0949D036ACF826EFB3855D013DCB7A27155E42F6C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.198.77.222
ReturnHeader/FilingSecurityInformation/IPDt02018-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:25:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030328018
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RENEE J JACOBS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0209 WASHINGTON AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BENNINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005201
ReturnHeader/PreparerPersonGrp/PhoneNum08024422468
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RENEE J JACOBS CPA
ReturnHeader/ReturnTs02018-11-13T14:09:08-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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