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Nonprofiteer
← SPECTRUM DESIGNS FOUNDATION LTD

Form 990 for tax year 2022

Filed by SPECTRUM DESIGNS FOUNDATION LTD.

Totals

Total revenue
$6,814,825
Total expenses
$6,688,807
Contributions and grants received
$1,064,162
Grants paid
$0
Program service revenue
$5,734,230
Investment income
$15,141
Other revenue
$1,292
Total assets, end of year
$6,394,527
Total liabilities, end of year
$1,813,787
Net assets or fund balances, end of year
$4,580,740
Program services expenses (Part IX)
$5,708,544
Management and general expenses
$794,778
Fundraising expenses
$185,485
Program service expenses (Part III)
$5,708,544

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $195,775

  • 1e · Government grants (contributions)

    $647,056

  • 1f · All other contributions, gifts and grants

    $221,331

  • 2a · Program service revenue: PROMOTIONAL ITEMS AND

    total $5,734,230 · related or exempt $5,734,230

  • 3 · Investment income

    total $15,141 · excluded $15,141

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $195,775

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $1,292 · related or exempt $1,292

  • 11e · Other revenue, total

    $1,292

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $166,680 · program services $141,991 · management and general $15,196 · fundraising $9,493

  • 7 · Other salaries and wages

    total $1,988,968 · program services $1,694,356 · management and general $181,333 · fundraising $113,279

  • 9 · Other employee benefits

    total $166,497 · program services $15,558 · management and general $150,851 · fundraising $88

  • 10 · Payroll taxes

    total $198,095 · program services $138,666 · management and general $39,619 · fundraising $19,810

  • 11b · Fees: legal

    total $1,466 · program services $874 · management and general $592

  • 11c · Fees: accounting

    total $44,919 · program services $26,794 · management and general $18,125

  • 11g · Fees: other

    total $64,937 · program services $38,735 · management and general $26,202

  • 12 · Advertising and promotion

    total $144,032 · program services $139,125 · management and general $2,775 · fundraising $2,132

  • 13 · Office expenses

    total $77,952 · management and general $77,952

  • 14 · Information technology

    total $36,450 · program services $25,515 · management and general $7,290 · fundraising $3,645

  • 16 · Occupancy

    total $77,937 · program services $62,593 · management and general $7,777 · fundraising $7,567

  • 17 · Travel

    total $73,899 · program services $14,911 · management and general $58,988

  • 20 · Interest

    total $67,744 · program services $45,814 · management and general $21,930

  • 22 · Depreciation, depletion and amortization

    total $208,445 · program services $187,601 · management and general $10,422 · fundraising $10,422

  • 23 · Insurance

    total $21,767 · program services $16,392 · management and general $3,554 · fundraising $1,821

  • 24a · Other expenses: APPAREL AND MERCHANDISE

    total $3,076,681 · program services $3,065,374 · management and general $0 · fundraising $11,307

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $105,296 · program services $0 · management and general $105,296 · fundraising $0

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $66,380 · program services $30,344 · management and general $31,701 · fundraising $4,335

  • 24d · Other expenses: SUPPLIES

    total $32,875 · management and general $32,875

  • 24e · All other expenses

    total $67,787 · program services $63,901 · management and general $2,300 · fundraising $1,586

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $756,677 · end of year $285,508

  • 2 · Savings and temporary cash investments

    beginning of year $433,898 · end of year $334,757

  • 4 · Accounts receivable

    beginning of year $286,882 · end of year $253,068

  • 8 · Inventories for sale or use

    beginning of year $52,680 · end of year $41,318

  • 10a · Land, buildings and equipment: cost or other basis

    $5,912,746

  • 10b · Land, buildings and equipment: accumulated depreciation

    $783,647

  • 10c · Land, buildings and equipment, net

    beginning of year $5,037,996 · end of year $5,129,099

  • 11 · Investments: publicly traded securities

    beginning of year $44,850 · end of year $345,038

  • 15 · Other assets

    beginning of year $5,354 · end of year $5,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $382,688 · end of year $439,973

  • 19 · Deferred revenue

    end of year $26,435

  • 23 · Secured mortgages and notes payable

    beginning of year $1,783,071 · end of year $1,347,379

  • 27 · Net assets without donor restrictions

    beginning of year $4,452,578 · end of year $4,580,740

Mission and programs · 2022

Mission

TO PROVIDE EMPLOYMENT AND VOCATIONAL OPPORTUNITIES FOR INDIVIDUALS WITH AUTISM, BY OPERATING A CUSTOMIZED APPAREL PRINTING COMPANY WITH APPROPRIATE SUPPORTS, ASSISTING THOSE WITH AUTISM IN LEADING FULLER MORE PRODUCTIVE LIVES THROUGH THE WORLD OF WORK.

  • OPERATES A COMPANY SPECIALIZING IN CUSTOMIZATION AND SALES OF APPAREL AND PROMOTIONAL PRODUCTS, PROVIDING VOCATION OPPORTUNITIES FOR INDIVIDUALS WITH AUTISM AND DEVELOPMENTAL DISABILITIES. INDIVIDUALS ARE TAUGHT SKILLS SUCH AS OPERATING PRINTING MACHINERY, SALES AND GRAPHIC DESIGN.

    Expenses $5,708,544 · Revenue $5,735,522

As filed on the 2022 return.

Listed in Part VII

  • Jothy Narendran

    BOARD MEMBER & PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Stella Spanakos

    BOARD MEMBER & VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Denise Smith

    BOARD MEMBER & TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Alyson Rozner

    BOARD MEMBER & SECTRETARY

    Total calculated
    $0
    Hours/week
    4

  • John Beyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert Degaudenzi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Prounis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Patrick Bardsley

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $163,190
    From this org
    $147,115
    From related orgs
    $0
    Other
    $16,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,115
    Bonus
    $25,000
    Other
    $0
    Deferred
    $11,025
    Nontaxable benefits
    $5,050
    Filer's total
    $163,190

  • Gregg Cartagine

    CONTROLLER

    Total calculated
    $19,565
    From this org
    $19,565
    From related orgs
    $0
    Other
    $0
    Hours/week
    18

  • Tim Howe

    CHIEF OPERATING OFFICER

    Total calculated
    $119,844
    From this org
    $105,400
    From related orgs
    $0
    Other
    $14,444
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 September 2023
IRS schema version
2022v5.0
Source object
202342659349300404

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