Circle Of Service Foundation
- Assets
- $697.4m
- Revenue
- $55.2m
- Investments
- $643.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 36-4185939
Organization Overview
Circle Of Service Foundation is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Of Service Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Circle Of Service Foundation has awarded 1,072 individual grants totaling $66,140,648. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
FUNDRAISING CAPACITY BUILDING PROGRAMS HELP ORGANIZATIONS STRENGTHEN THEIR DEVELOPMENT FUNCTIONS SO THEY CAN INCREASE PRIVATE REVENUES. THERE ARE TWO DISTINCT PROGRAMS:
FUNDRAISING CAPACITY BUILDING INITIATIVE (FCBI) 2.0 FCBI 2.0 0 PROVIDED A GROUP OF 19 ORGANIZATIONS WITH AN INDEPTH DEVELOPMENT ASSESSMENT BY AN OUTSIDE FUNDRAISING CONSULTANT AND THEN ADDITIONAL FUNDING TO ADDRESS CHALLENGES IDENTIFIED IN THE ASSESSMENT. A SMALLER COHORT OF 9 ORGANIZATIONS PARTICIPATED IN THE INTENSIVE COHORTBASED PROGRAM THAT INCLUDES EIGHT SESSIONS OF FUNDRAISING TRAINING AT THE KELLOGG SCHOOL OF NONPROFIT MANAGEMENT; 80 HOURS OF WORK WITH A FUNDRAISING COACH; AND AN OPPORTUNITY TO APPLY FOR GRANT FUNDING OF UP TO $20,000 TO ENHANCE EACH ORGANIZATION'S DEVELOPMENT FUNCTION. THE PURPOSE OF THIS PROGRAM IS TO HELP ORGANIZATIONS RAISE MORE MONEY IN PRIVATE REVENUES, PRIMARILY FROM INDIVIDUAL DONORS. THE COHORT COMPLETED ITS WORK IN 2019. AN OUTSIDE EVALUATOR IS COLLECTING AND REPORTING ON DATA FROM THE COHORT IN 2021 AND 2022.
FUNDRAISING SUPPORT OFFICE HOURS - THIS PROGRAM PROVIDES, BRIEF, TIMELY AND INDIVIDUALIZED FUNDRAISING ADVICE TO ORGANIZATIONS. ORGANIZATIONS CAN SCHEDULE UP TO TWO HOUR SESSIONS ON ZOOM WHERE THEY CAN DISCUSS FUNDRAISING CHALLENGES AND ASK ADVICE FROM AN EXPERIENCED FUNDRAISING COSULTANT. THESE OFFICE HOURS WERE OFFERED IN FALL 2021 AND SEPTEMBER 2022 - JANUARY 2023.
DONOR MANAGEMENT SOFTWARE PROGRAM - THIS PROGRAM PROVIDES ORGANIZATIONS, UPON THE RECOMMENDATION OF THE PROGRAM OFFICER, WITH AN ASSESSMENT OF THEIR DONOR MANAGEMENT SOFTWARE AND HELP IN IDENTIFYING THE BEST SOFTWARE TO MEET THEIR NEEDS. ORGANIZATIONS THEN APPLIED FOR AND RECEIVED UP TO $15,000 TO EITHER PURCHASE NEW SOFTWARE, UPGRADE EXISTING SOFTWARE OR GET TRAINING AND SUPPORT TO BETTER USE EXISTING SOFTWARE. THIS PROGRAM PREVIOUSLY OFFERED USER GROUPS FOR THE THREE MOST COMMONLY USED DONOR MANAGEMENT SOFTWARE SYSTEMS. THE PURPOSE OF THIS PROGRAM IS TO HELP ORGANIZATIONS ACCESS AND USE ACCURATE INFORMATION ABOUT THEIR DONORS AND THEIR DEVELOPMENT STRATEGIES IN ORDER TO IMPROVE THEIR FUNDRAISING PERFORMANCE. DUE TO THE PANDEMIC, USER GROUPS WERE NOT RECENTLY HELD IN 2020 OR 2021 BUT MAY RESUME VIRTUALLY IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Miller Rubenfeld Vice President | 40 | $254,406 | |
Patricia K Yuzawa-Rubin Prgm Director | 40 | $209,519 | |
Dimitra Tasiousas Prgm Director | 40 | $200,017 | |
Mara Botman Prgm Director | 40 | $198,930 | |
Christine Plautz Grant Director | 40 | $164,275 | |
Jare Akchin Prgm Director | 40 | $100,180 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/21 | $265,195 |
Deloitte & Touche Llp | 12/30/21 | $90,000 |
Wellington Trust Company Na | 12/30/21 | $88,566 |
Deloitte Tax Llp | 12/30/21 | $68,050 |
Embark Strategies | 12/30/21 | $63,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $265,234 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,655,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $52,226,868 |
| Capital Gain Net Income | $62,406,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,774 |
| Total Revenue | $55,153,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $275,094 |
| Other employee salaries and wages | $1,375,641 |
| Pension plans, employee benefits | $156,618 |
| Interest | $49,298 |
| Taxes | $2,209,407 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $34 |
| Printing and publications | $47 |
| Other expenses | $441,762 |
| Total operating and administrative expenses | $5,171,222 |
| Contributions, gifts, grants paid | $34,992,357 |
| Total expenses and disbursements | $40,163,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,639 |
| Savings and temporary cash investments | $38,745,518 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $516,527,223 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,756,509 |
| Total assets | $697,372,085 |
| Accounts payable and accrued expenses | $188,262 |
| Grants payable | $4,803,910 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,615,867 |
| Total liabilities | $8,608,039 |
Grants Awarded
Over the last fiscal year, Circle Of Service Foundation has awarded $32,779,864 in support to 566 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: COMMUNITY SERVICES | $1,906,475 |
UNIVERSITY OF CHICAGO PURPOSE: MEDICAL RESEARCH | $1,450,000 |
Chicago, IL PURPOSE: JEWISH COMMUNITY | $900,000 |
Chicago, IL PURPOSE: JEWISH COMMUNITY | $812,000 |
METROPOLITAN FAMILY SERVICES PURPOSE: VIOLENCE REDUCTION | $550,000 |
New York, NY PURPOSE: JEWISH COMMUNITY | $530,363 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |