Circle Foundation
- Assets
- $753.9k
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Chicago, IL
- Founding
- 05/2010
- Data as of
- 06/2021
- EIN
- 26-4526707
Organization Overview
Circle Foundation is located in Chicago, IL. The organization was established in 2010. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Circle Foundation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Foundation 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 06/2021, Circle Foundation generated $5.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $4.8m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 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
TO ESTABLISH AN INSTITUTION THAT INNOVATIVELY INSPIRES, MOTIVATES AND EMPOWERS PEOPLE TO DEVELOP AND REALIZE THEIR HIGHEST ASPIRATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATIONS HIGH SCHOOL IS A CAMPUS OF THE YOUTH CONNECTION CHARTER SCHOOL, FOCUSED ON ARTS INTEGRATED PROJECT-BASED LEARNING, WHICH PROVIDES HIGH SCHOOL STUDY IN A SMALL SCHOOL SETTING, FOR STUDENTS AGE 16-21. INNOVATIONS HIGH SCHOOL PRIMARILY WORKS WITH STUDENTS WHO HAVE HAD DIFFICULTIES IN A TRADITIONAL PUBLIC SCHOOL SETTING AND ARE AT RISK OF ACADEMIC FAILURE AND/OR DROPPING OUT.
YS3 (DCFS) MENTORING PROGRAM PROVIDES EDUCATIONAL, SOCIAL AND WORK RELATED SERVICES, IN ORDER TO PROVIDE THE NECESSARY SOCIAL AND EDUCATIONAL SKILLS THAT AT-RISK YOUTH NEED TO EARN A HIGH SCHOOL DIPLOMA AND TRANSITION TO EMPLOYMENT, COLLEGE OR VOCATIONAL TRAINING PROGRAMS.
RE-ENROLLED STUDENT PROJECT (RSP) IS A PARTNERSHIP BETWEEN ALTERNATIVE SCHOOLS NETWORK AND ITS MEMBER SCHOOLS WITH THE ILLINOIS STATE BOARD OF EDUCATION (ISBE) TO EXPAND SERVICES FOR RE-ENROLLED STUDENTS. ACADEMIC AND WRAPAROUND SERVICES ARE PROVIDED TO OUT-OF-SCHOOL TEENS WHO HAVE RE-ENROLLED TO ATTAIN THEIR HIGH SCHOOL DIPLOMA AND CONTINUE THEIR STUDIES AT A COLLEGE LEVEL OR PLACE INTO A JOB.
OTHER PROGRAM SERVICES CONSISTED OF THE MAYORAL YOUTH MENTORING INITIATIVE, AND AN ARTS PROGRAM, AMONG OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lashaun Jackson Chairman / CEO | OfficerTrustee | 40 | $217,088 |
Omar Moore Co-Chairman / COO | OfficerTrustee | 40 | $205,183 |
Oscar Argueta Comptroller | 40 | $137,911 | |
Melissa Cotirla Principal | 40 | $114,622 | |
Tim Lee Secretary | OfficerTrustee | 1 | $0 |
Paul Sakol Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $405,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,089,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,494,994 |
| Total Program Service Revenue | $70 |
| Investment income | $183 |
| 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 | $5,499,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $477,058 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,932,829 |
| Pension plan accruals and contributions | $161,715 |
| Other employee benefits | $186,426 |
| Payroll taxes | $122,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,623 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $243,865 |
| Advertising and promotion | $77,487 |
| Office expenses | $255,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $911,289 |
| Travel | $17,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,429 |
| Insurance | $32,861 |
| All other expenses | $0 |
| Total functional expenses | $4,802,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $483,958 |
| 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 | $104,148 |
| Net Land, buildings, and equipment | $103,836 |
| Investments—publicly traded securities | $11,171 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $753,922 |
| Accounts payable and accrued expenses | $191,371 |
| 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 | $1,996 |
| Other liabilities | $109,075 |
| Total liabilities | $302,442 |
| Net assets without donor restrictions | $419,468 |
| Net assets with donor restrictions | $32,012 |
| 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 | $753,922 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Circle Foundation has recieved totaling $414,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $400,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: VIOLENCE INTERRUPTION TRAINING FOR 414LIFE | $7,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: VIOLENCE INTERRUPTION TRAINING FOR 414LIFE | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |