Circle Foundation
- Assets
- $2.4m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 43
- Location
- Chicago, IL
- Founding
- 05/2010
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Circle Foundation generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $6.3m during the year ending 06/2022. While expenses have increased by 7.5% 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
2022
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.
OTHER PROGRAM SERVICES CONSISTED OF THE RE-ENROLLED STUDENT PROJECT (RSP), MAYORAL YOUTH MENTORING INITIATIVE, AND AN ARTS PROGRAM, AMONG OTHERS.
THE CIRCLE FOUNDATION BENTON HOUSE FOOD PANTRY PROVIDES FREE FOOD TO FAMILIES AND INDIVIDUALS THAT ARE IN NEED. OUR VISION IS TO DUTIFULLY IMPACT HUNGER AND FOOD INSECURITY NEEDS IN THE COMMUNITY UNTIL THOSE NEEDS ARE ALLEVIATED. OUR MISSION IS TO PROVIDE NUTRITIOUS FOOD AND RESOURCES FOR THE COMMUNITY THROUGH SERVICE, PARTNERSHIPS AND INNOVATION. WE WILL MODEL GOOD STEWARDSHIP IN OUR WORK WITH DIGNITY, EQUITY AND CONVENIENCE. WE ALSO OCCASIONALLY PROVIDE CLOTHING AND HOUSEHOLD GOODS FOR THE COMMUNITY AS AVAILABLE THROUGH DONATIONS AND CONTRIBUTIONS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lashaun Jackson Executive Director | OfficerTrustee | 40 | $217,088 |
Omar Moore Chief Operating Officer | OfficerTrustee | 40 | $205,183 |
Tim Lee Secretary | OfficerTrustee | 1 | $0 |
Paul Sakol Treasurer | OfficerTrustee | 1 | $0 |
Jean Claude Aurel Member | Trustee | 1 | $0 |
Andricus Hutcherson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,945,883 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,513,338 |
| Noncash contributions included in lines 1a–1f | $2,055,380 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,459,221 |
| Total Program Service Revenue | $36,708 |
| Investment income | $159 |
| 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 | $7,510,733 |
| 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. | $503,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,064,313 |
| Pension plan accruals and contributions | $160,192 |
| Other employee benefits | $189,527 |
| Payroll taxes | $135,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,621 |
| Fees for services: Accounting | $19,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $349,227 |
| Advertising and promotion | $80,725 |
| Office expenses | $444,394 |
| Information technology | $34,465 |
| Royalties | $0 |
| Occupancy | $1,007,867 |
| Travel | $26,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,201 |
| Insurance | $42,530 |
| All other expenses | $76,372 |
| Total functional expenses | $6,310,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,082 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $272,448 |
| 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 | $16,039 |
| Net Land, buildings, and equipment | $1,837,538 |
| Investments—publicly traded securities | $9,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $2,420,640 |
| Accounts payable and accrued expenses | $392,249 |
| 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 | $378,000 |
| Other liabilities | $0 |
| Total liabilities | $770,249 |
| Net assets without donor restrictions | $1,627,379 |
| Net assets with donor restrictions | $23,012 |
| 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 | $2,420,640 |