Civic Intelligence

Pattern Inc

EIN 47-4197760 • 501(c)3 • Carmel, IN

Profile

Pattern, Inc. provides support to Central Indianas creative/maker industries in the form of business resources, exposure, education, and advocacy.

12664 Tuscany BlvdCarmel, IN 46032

www.patternindy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.08x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

43rd percentile

0.05x

Higher debt load relative to revenue than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

80th percentile

30%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$75,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

95th percentile

97%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

45%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$816,379

Up $402,877 (+97%) from 2023

Liabilities

Down

$66,477

Down $5,733 (-7.9%) from 2023

Net Assets

Up

$749,902

Up $408,610 (+120%) from 2023

Revenue

Up

$1,380,542

Up $429,579 (+45%) from 2023

Expenses

Up

$971,932

Up $199,387 (+26%) from 2023

Net Income

Up

$408,610

Up $230,192 (+129%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2015: $38,354Liabilities 2015: $0Net Assets 2015: $38,3542015Assets 2016: $52,282Liabilities 2016: $0Net Assets 2016: $52,2822016Assets 2017: $76,930Liabilities 2017: $0Net Assets 2017: $76,9302017Assets 2018: $77,444Liabilities 2018: $0Net Assets 2018: $77,4432018Assets 2019: $89,574Liabilities 2019: $150Net Assets 2019: $89,4242019Assets 2020: $201,450Liabilities 2020: $78,000Net Assets 2020: $123,4502020Assets 2021: $246,862Liabilities 2021: $68,466Net Assets 2021: $178,3962021Assets 2022: $250,726Liabilities 2022: $87,852Net Assets 2022: $162,8742022Assets 2023: $413,502Liabilities 2023: $72,210Net Assets 2023: $341,2922023Assets 2024: $816,379Liabilities 2024: $66,477Net Assets 2024: $749,9022024

Highlighted filing

2024

Assets$816,379
Liabilities$66,477
Net Assets$749,902

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $116,267Expenses 2015: $90,398Net Income 2015: $25,8692015Revenue 2016: $112,382Expenses 2016: $82,983Net Income 2016: $29,3992016Revenue 2017: $103,761Expenses 2017: $79,113Net Income 2017: $24,6482017Revenue 2018: $142,983Expenses 2018: $142,465Net Income 2018: $5182018Revenue 2019: $165,606Expenses 2019: $153,127Net Income 2019: $12,4792019Revenue 2020: $223,642Expenses 2020: $189,707Net Income 2020: $33,9352020Revenue 2021: $376,352Expenses 2021: $321,405Net Income 2021: $54,9472021Revenue 2022: $451,618Expenses 2022: $467,140Net Income 2022: -$15,5222022Revenue 2023: $950,963Expenses 2023: $772,545Net Income 2023: $178,4182023Revenue 2024: $1,380,542Expenses 2024: $971,932Net Income 2024: $408,6102024

Highlighted filing

2024

Revenue$1,380,542
Expenses$971,932
Net Income$408,610

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,380,542
Mission and Program Overview

Mission

Pattern, Inc. provides support to Central Indianas creative/maker industries in the form of business resources, exposure, education, and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$180,148$589,955▲ $409,807
Accounts Receivable$116,330$116,230▼ $100
Savings and Temporary Cash Investments$98,152$89,562▼ $8,590
Land, Buildings, and Equipment, Net$18,872$20,632▲ $1,760
Total Assets$413,502$816,379▲ $402,877
Liabilities
Mortgage Notes Payable Secured by Investment Property$54,517$52,110▼ $2,407
Accounts Payable and Accrued Expenses$17,693$14,367▼ $3,326
Total Liabilities$72,210$66,477▼ $5,733
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$341,292$524,902▲ $183,610
Net Assets With Donor Restrictions-$225,000-
Total Net Assets Fund Balance$341,292$749,902▲ $408,610
Total Liabilities and Net Assets / Fund Balance$413,502$816,379▲ $402,877

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,499--
Leasehold Improvements$17,133--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Polina OsherovExectuive DirectorFT$75,000$75,000

Board Members and Trustees

NameTitle
Barry WormserBoard MemberChair
Ace YakeyBoard Member
Alan BaconBoard Member
Ellen WhiteBoard Member
Fred LockettBoard Member
Isaac BamgboseBoard Member
Lindsey MacyauskiBoard Member
Melanie AllenBoard Member
Micah SmithBoard Member
Michelle GriffithBoard Member
NaShara MitchellBoard Member
Yemisi SanniBoard Member
Sara SavuBoard MemberTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$381,160
Program Service Revenue
$999,373
Investment Income
$9
Other Revenue
$0
All Other Contributions
$381,160
Change in Net Assets
$408,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$697,569
Salaries, Compensation, and Employee Benefits$262,895
Total Fundraising Expense$73,094
Professional Fundraising Fees$11,468
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$109,373$6,827$52,500$168,700
Fees for Services Other$75,000$9,995$1,200$86,195
Current Officers, Directors, Trustees, and Key Employees-$75,000-$75,000
Advertising$18,776$52,904$969$72,649
Other Expenses$46,693--$46,693
Office Expenses$3,639$20,802$1,398$25,839
Fees for Services Accounting-$22,332-$22,332
Payroll Taxes$9,441$5,738$4,016$19,195
Occupancy-$18,635-$18,635
Fees for Services Professional Fundraising--$11,468$11,468
Insurance-$2,633-$2,633
Conferences and Meetings$446$1,452$120$2,018
Fees for Services Legal-$1,590-$1,590
Travel-$156$1,423$1,579
Interest-$1,492-$1,492
All Other Expenses-$740-$740
Total Functional Expenses$678,542$220,296$73,094$971,932
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$11,468
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The Form 990 is reviewed in detail by the executive director. Following the review, all board members are provided a copy of the Form 990 to review and ask questions or revise before it is filed with the IRS.

Conflict of interest policy compliance Part VI line 12C

Conflict of interest policy questionnaires are completed annually by all board members. If a conflict of interest arises, the board must bring the conflict to the attention of the executive director. The interested person shall recuse himself or herself from the deliberations and voting relation to the matter. They shall also submit a new conflict of interest questionnaire disclosing the relevant changes in circumstances.

CEO executive director top management comp Part VI line 15A

The board of directors reviews local data of similar organizations to make sure salaries for directors and top managment are comparable. The board of directors approves all salaries.

Other officer or key employee compensation Part VI line 15B

The board of directors reviews local data of similar organizations to make sure salaries and wages are comparable.

Governing documents etc available to public Part VI line 19

The governing documents, conflict of interest policy, and financial statements are held with the executive director and board members and are available upon request.

Filing and Contact Details

Filer

Filer Name
Pattern Inc
EIN
47-4197760
In Care Of
% Polina Osherov
Phone
3177521476
Address
12664 Tuscany Blvd, Carmel, IN 46032

Signing Officer

Name
Polina Osherov
Title
Exectuive Director
Phone
3177521476
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
6
Volunteers
10

Preparer

Firm
Mcbride Cpas LLC
Address
370 CARMELVIEW DRIVE, Carmel, IN 46032
Preparer
Kala Mcbride
Phone
3175192348
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Pattern is a 501(c)(3) non- profit organization that provides educational, economic, and community building opportunities in Central Indiana, primarily serving those interested in fashion and other creative pursuits, or otherwise making and hand-crafting tangible products. While the fashion and maker communities are valued and strong in certain parts of the U.S., Central Indiana is not yet a large contributer, because few resources have been made available to invest in and strengthen an industry infrastructure that currently exists in disparate, underserved segments throughout the area. Pattern was organized to close the gaps through education opportunities, programming, and initiatives that connect, serve, and showcase this maker community.

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IRS990/MissionDesc0Pattern, Inc. provides support to Central Indianas creative/maker industries in the form of business resources, exposure, education, and advocacy.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Pattern 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.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Stitchworks, 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. In 2021, Pattern launched an industrial sewing certificate program to address the dire shortage of industrial machine operators.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0In 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. The publication is sold at Patterns events and local bookstores. All proceeds, if any, go towards the organizations programming needs. Pattern also maintains a website, which is a digital extension of the printed magazine. Access to the website and its content is free.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed in detail by the executive director. Following the review, all board members are provided a copy of the Form 990 to review and ask questions or revise before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest policy questionnaires are completed annually by all board members. If a conflict of interest arises, the board must bring the conflict to the attention of the executive director. The interested person shall recuse himself or herself from the deliberations and voting relation to the matter. They shall also submit a new conflict of interest questionnaire disclosing the relevant changes in circumstances.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors reviews local data of similar organizations to make sure salaries for directors and top managment are comparable. The board of directors approves all salaries.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board of directors reviews local data of similar organizations to make sure salaries and wages are comparable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents, conflict of interest policy, and financial statements are held with the executive director and board members and are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Pattern is a 501(c)(3) non- profit organization that provides educational, economic, and community building opportunities in Central Indiana, primarily serving those interested in fashion and other creative pursuits, or otherwise making and hand-crafting tangible products. While the fashion and maker communities are valued and strong in certain parts of the U.S., Central Indiana is not yet a large contributer, because few resources have been made available to invest in and strengthen an industry infrastructure that currently exists in disparate, underserved segments throughout the area. Pattern was organized to close the gaps through education opportunities, programming, and initiatives that connect, serve, and showcase this maker community.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
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