Circle Venture
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Philadelphia, PA
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 23-2989934
Organization Overview
Circle Venture is located in Philadelphia, PA. The organization was established in 2000. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Circle Venture employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Venture is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Circle Venture generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PLEASE SEE ATTACHED
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. CIRCLE THRIFT - OPERATE A THRIFT STORE THAT SELLS USED CLOTHING AND HOUSEHOLD GOODS THAT WERE DONATED TO THE ORGANIZATION. PROVIDED CLOTHING AND HOUSEHOLD GOODS TO HUNDREDS OF FAMILIES IN THE COMMUNITY OF FISHTOWN/EAST KENSINGTON IN PHILADELPHIA AT BELOW MARKET VALUE. PROVIDED JOB RETAIL TRAINING TO SEVERAL UNDEREMPLOYED ADULTS.
D. URBAN FARM TEAM - A GROUP THAT AIMS TO PROTECT DEAD OR FORGOTTEN SPACE IN THE CITY OF PHILADELPHIA AND MAKE IT LIFE-GIVING TO ITS NEIGHBORHOOD. WE DO THIS THROUGH INTENSIVE VEGETABLE GARDENING THAT IS EDUCATIONAL, REUSES TRASH MATERIALS THAT LITTER OUR STREETS, PROVIDE FOOD FOR NEIGHBORHOODS FAMILIES AND SIMPLY MAKES THINGS MORE BEAUTIFUL.
C. BABY GOODS EXCHANGE - PROVIDES FREE BABY CLOTHING, BOOKS, ACCESSORIES, TOYS, STROLLERS, ETC. TO ANY FAMILY THAT NEEDS THEM. EACH MONTH WE CREATE SPACE FOR FAMILIES WHO CANNOT AFFORD ITEMS TO COME TAKE WHAT THEY NEED FOR FREE.
B. HEADS TOGETHER HAITI - THIS GROUP OFFERS OPPORTUNITIES TO CONNECT WITH HAITI. THEY RAISE MONEY FOR AND SUPPORT LOCAL HAITIANS WHO WORK TO TEACH LITERACY AND COMMUNITY LEADERSHIP AMONG ADULTS AND CHILDREN AND TO ADDRESS ENVIRONMENTAL PROBLEMS IN THE COMMUNITY OF FAYET.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Grace Highest Compensated Employee | 40 | $53,200 | |
Megan Rosenbach Treasurer | Officer | 5 | $0 |
Lauren Smith Undersecretary | Officer | 5 | $0 |
Alison Wear Vice-Chair | Officer | 5 | $0 |
Liz Martin Chair | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,661 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,661 |
| Total Program Service Revenue | $1,173,285 |
| Investment income | $616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,182,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $221,800 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $514,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $57,119 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,198 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $68,846 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,319 |
| Insurance | $21,096 |
| All other expenses | $0 |
| Total functional expenses | $1,054,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $856,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,487,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,344,437 |
| Accounts payable and accrued expenses | $2,650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,507,728 |
| Other liabilities | $0 |
| Total liabilities | $1,510,378 |
| Net assets without donor restrictions | $834,059 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,344,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |
Buffalo And Erie County Workforce Development Consortium Inc Buffalo, NY | $1,944,049 | $11,546,333 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Second Chance Inc Baltimore, MD | $22,971,247 | $13,264,528 |
Academy Of Management Inc Briarcliff Manor, NY | $56,747,597 | $15,919,073 |
Anne Arundel Workforce Development Corporation Inc Millersville, MD | $2,854,225 | $10,470,291 |
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |
Experience Works Inc Severna Park, MD | $76,388 | $8,997,468 |
Superior Direct Care Inc New York, NY | $54,824 | $8,386,212 |
Employment Horizons Inc Cedar Knolls, NJ | $9,191,770 | $9,232,944 |