Circle Of Service Foundation
- Assets
- $0.0
- 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.
For the year ending 12/2021, Circle Of Service Foundation generated $55.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.7% each year . All expenses for the organization totaled $40.2m during the year ending 12/2021. While expenses have increased by 9.7% per year over the past 3 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.
Since 2020, Circle Of Service Foundation has awarded 1,619 individual grants totaling $101,090,829. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 EVALUATION WAS COMPLETED IN 2022. THE PROGRAM MAY RESUME AFTER SOME RESEARCH AND PLANNING CURRENTLY BEING CONDUCTED.
FUNDRAISING SUPPORT OFFICE HOURS - THIS PROGRAM PROVIDES, BRIEF, TIMELY AND INDIVIDUALIZED FUNDRAISING ADVICE TO ORGANIZATIONS. ORGANIZATIONS CAN SCHEDULE UP TO FOUR ONE-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. THEY ARE CURRENTLY OFFERED YEAR-ROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael P Krasny Chairman Of The Board | 1 | $0 | |
Adam J Levine President, Secretary, Treasurer & Dire | 20 | $0 | |
Kimberly Miller Rubenfeld Vice President | 40 | $220,485 | |
Gary Kash Director | 1 | $0 | |
Michelle Collins Director | 1 | $0 | |
Alan Patzik Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Embark Strategies | 12/30/22 | $173,550 |
Evercore Group Llc | 12/30/22 | $262,653 |
Wellington Trust Company Na | 12/30/22 | $108,153 |
Deloitte & Touche Llp | 12/30/22 | $97,000 |
Deloitte Tax Llp | 12/30/22 | $74,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $265,234 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,655,333 |
| 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 |
| Pension plans, employee benefits | $156,618 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $34 |
| Printing and publications | $47 |
| 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 |
| Investments—mortgage loans | $0 |
| Investments—other | $516,527,223 |
| Other assets | $14,756,509 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,615,867 |
Grants Awarded
Over the last fiscal year, Circle Of Service Foundation has awarded $34,950,181 in support to 547 organizations.
| Grant Recipient | Amount |
|---|---|
A SAFE HAVEN FOUNDATION PURPOSE: MATCH/DISCRETIONARY | $5,000 |
ABRAHAM FUND INITIATIVES PURPOSE: JEWISH COMMUNITY | $25,000 |
ACCESS LIVING OF METROPOLITAN CHICAGO PURPOSE: COMMUNITY SERVICES | $110,000 |
ACCESS LIVING OF METROPOLITAN CHICAGO PURPOSE: MATCH/DISCRETIONARY | $500 |
ADLER PLANETARIUM PURPOSE: COMMUNITY SERVICES | $20,000 |
ADVANCE ILLINOIS NFP PURPOSE: EDUCATION | $100,000 |