Civic Intelligence

Peacequilts Inc.

990EZ • Fiscal year 2018 • EIN 32-0272292

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

PO Box 84Chilmark, MA 02535

(508) 627-2420

Siviq Scores

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

Liabilities / Assets

89th percentile

0.45x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

0.35x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

93rd percentile

133%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

367%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$39,425

Up $22,540 (+133%) from 2017

Net Assets

Up

$21,788

Up $13,242 (+155%) from 2017

Liabilities

Up

$17,637

Up $9,298 (+112%) from 2017

Revenue

Up

$50,967

Up $40,054 (+367%) from 2017

Expenses

Down

$35,220

Down $5,824 (-14%) from 2017

Net Income

Up

$15,747

Up $45,878 (+152%) from 2017

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

2018

Assets$39,425
Liabilities$17,637
Net Assets$21,788

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

2018

Revenue$50,967
Expenses$35,220
Net Income$15,747
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$66,741
Mission and Program Overview

Mission

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

Program Services

DescriptionGrantsExpenses
CONNECT THE ARTISTS WITH MARKETS OUTSIDE HAITI AND SELL ART QUILTS. ASSIST THE WOMEN WITH NEW PRODUCT DEVELOPMENT. ESTABLISH AND EXPAND OUTLETS FOR THE PRODUCTS MADE BY THE WOMEN BOTH IN HAITI AND INTERNATIONALLY. 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$35,220
Compensation and Service Providers

Employees

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

Filer

Filer Name
Peacequilts Inc
EIN
32-0272292
Phone
5086272420
Address
PO BOX 84, CHILMARK, MA 02535

Signing Officer

Name
Maureen Matthews Mcclintock
Title
Secretary
Phone
5086272420
Signed
2019-05-13
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: 51,968. Returns and allowances: 0. Less cost of goods sold: 15,774. Gross profit: 36,194. Cost of goods sold: inventory at beginning of year: 6,653. Merchandise purchased: 18,727. Cost of labor: 0. Materials and supplies: 0. Other costs: 581. Inventory at end of year: 10,187. Cost of goods sold: 15,774.

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

Description: shipping. Amount: 581.

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

Description: payroll taxes. Amount: 1,739. Description: bank charges. Amount: 991. Description: travel. Amount: 7,512. Description: internet & telephone. Amount: 460. Description: program expenses. Amount: 1,210. Description: sponsorships. Amount: 225. Description: advertising. Amount: 40. Description: miscellaneous. Amount: 138. Total to form 990-ez, line 16: 12,315.

Form 990-ez, Part I, Line 20 - Other Changes in Net Assets

Description: prior period adjustment. Amount: -2,505.

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

Description: inventories. Beg. Of year amount: 6,653. End of year amount: 10,187. Description: notes receivable. Beg. Of year amount: 0. End of year amount: 684.

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

Description: due to cooperatives. Beg. Of year amount: 8,339. End of year amount: 285. Description: notes payable. Beg. Of year amount: 0. End of year amount: 17,352.

Raw XML Appendix181 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/PersonNm3JEANNE STAPLES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt0-2505
IRS990EZ/OtherExpensesTotalAmt012315
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0PEACEQUILTS IS AN ECONOMIC DEVELOPMENT ORGANIZATION ESTABLISHING AND SUPPORTING INDEPENDENT, SELF-MANAGED SEWING COOPERATIVES IN HAITI.
IRS990EZ/PrintingPublicationsPostageAmt0825
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CONNECT THE ARTISTS WITH MARKETS OUTSIDE HAITI AND SELL ART QUILTS. ASSIST THE WOMEN WITH NEW PRODUCT DEVELOPMENT. ESTABLISH AND EXPAND OUTLETS FOR THE PRODUCTS MADE BY THE WOMEN BOTH IN HAITI AND INTERNATIONALLY. 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INCOME: GROSS RECEIPTS: 51,968. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 15,774. GROSS PROFIT: 36,194. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 6,653. MERCHANDISE PURCHASED: 18,727. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 581. INVENTORY AT END OF YEAR: 10,187. COST OF GOODS SOLD: 15,774.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: SHIPPING. AMOUNT: 581.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PAYROLL TAXES. AMOUNT: 1,739. DESCRIPTION: BANK CHARGES. AMOUNT: 991. DESCRIPTION: TRAVEL. AMOUNT: 7,512. DESCRIPTION: INTERNET & TELEPHONE. AMOUNT: 460. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 1,210. DESCRIPTION: SPONSORSHIPS. AMOUNT: 225. DESCRIPTION: ADVERTISING. AMOUNT: 40. DESCRIPTION: MISCELLANEOUS. AMOUNT: 138. TOTAL TO FORM 990-EZ, LINE 16: 12,315.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -2,505.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: INVENTORIES. BEG. OF YEAR AMOUNT: 6,653. END OF YEAR AMOUNT: 10,187. DESCRIPTION: NOTES RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 684.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: DUE TO COOPERATIVES. BEG. OF YEAR AMOUNT: 8,339. END OF YEAR AMOUNT: 285. DESCRIPTION: NOTES PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 17,352.
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 I, LINE 20 - OTHER CHANGES IN NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 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
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ReturnHeader/BusinessOfficerGrp/PersonNm0MAUREEN MATTHEWS MCCLINTOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05086272420
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEACEQUILTS INC
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ReturnHeader/Filer/EIN0320272292
ReturnHeader/Filer/PhoneNum05086272420
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 84
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ReturnHeader/FilingSecurityInformation/IPTm009:32:17
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/PreparationDt02019-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RENEE J JACOBS CPA
ReturnHeader/ReturnTs02019-05-13T12:28:50-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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