PURPLE PATCHES INC

EIN: 842377876 501(c)(3) Human Services

Plano, TX

Total Revenue
$170,930
Total Expenses
$171,370
Total Assets
$60
Net Assets
$60
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
Monica Moore-Stuart
Phone
2142596118
Tax Period
2020-01-01 to 2020-12-31

PURPLE PATCHES INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $171K in total revenue in fiscal year 2020.

Mission

The mission of Purple Patches Inc. is to build strong individuals that will lead to the development of strong families in our communities - complete with respect, dignity, and freedom.

Program Service Accomplishments

Program 1
Expenses: $171,370 Revenue: $167,930

The mission of Purple Patches Inc. is to build strong individuals that will lead to the development of strong families in our communities - complete with respect, dignity, and freedom. Our primary...

Read more

The mission of Purple Patches Inc. is to build strong individuals that will lead to the development of strong families in our communities - complete with respect, dignity, and freedom. Our primary focus for 2020 was our Domestic Violence Awareness Program providing safe places for victims of domestic violence, a domestic violence marathon, and training seminars for law enforcement entities.

Program 2
Expenses: $0 Revenue: $0

The mission of Purple Patches Inc. is to build strong individuals that will lead to the development of strong families in our communities - complete with respect, dignity, and freedom. Our primary...

Read more

The mission of Purple Patches Inc. is to build strong individuals that will lead to the development of strong families in our communities - complete with respect, dignity, and freedom. Our primary focus for 2020 was our Domestic Violence Awareness Program. Therefore, no other programs were implemented in 2020.

Program 3
Expenses: $0 Revenue: $0

The mission of Purple Patches Inc. is to build strong individuals that will lead to the development of strong families in our communities - complete with respect, dignity, and freedom. Our primary...

Read more

The mission of Purple Patches Inc. is to build strong individuals that will lead to the development of strong families in our communities - complete with respect, dignity, and freedom. Our primary focus for 2020 was our Domestic Violence Awareness Program. Therefore, no other programs were implemented in 2020.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $170,930
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $170,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $171,370
Other Expenses $171,370
TOTAL EXPENSES $171,370

Year-over-Year Comparison

2020 2019 Change
Revenue $170,930 N/A N/A
Expenses $171,370 N/A N/A
Net Income $-440 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
11

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Monica Moore-Stuart Executive Director 30
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $170,930 $171,370 $60 $-440
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