Sarahs Circle Inc
- Assets
- $4.9m
- Revenue
- $244.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 07/1984
- Data as of
- 12/2022
- EIN
- 52-1338101
Organization Overview
Sarahs Circle Inc is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sarahs Circle Inc 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 12/2022, Sarahs Circle Inc generated $244.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $232.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 8 years. 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 CREATE AND SUSTAIN A RESIDENTAL COMMUNITY THAT EMPOWERS ELDERLY PERSONS OF LIMITED MEANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING: THE ORGANIZATION IS THE MAJORITY OWNER OF THE MANAGING MEMBER OF A PROPERTY THAT LEASES APARTMENTS AT BELOW MARKET RATE TO PERSONS OF LIMITED MEANS. THE ORGANIZATION PARTICIPATES IN AND SUPERVISES MANAGEMENT OF THE PROPERTY.
SENIOR SERVICES AND ACTIVITIES: THE ORGANIZATION, WITH THE PARTICIPATION OF SENIOR CITIZENS, PROVIDES AND ARRANGES FOR EDUCATION, CULTURAL NUTRIONAL, AND HEALTH ACTIVITIES FOR APARTMENT RESIDENTS AND NEIGHBORHOOD SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Brosonski President | OfficerTrustee | 1 | $0 |
John Parreco Vice President | OfficerTrustee | 1 | $0 |
Virginia Gibson Secretary | OfficerTrustee | 1 | $0 |
Darien Thall Treasurer | OfficerTrustee | 1 | $0 |
Randall Kelly President Emeritus | OfficerTrustee | 1 | $0 |
Zelina Ali-Aziz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,032 |
| Total Program Service Revenue | $0 |
| Investment income | $89,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,498 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,798 |
| 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. | $159,376 |
| Compensation of current officers, directors, key employees. | $1,594 |
| Compensation to disqualified persons | $3,997 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,900 |
| Payroll taxes | $12,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,095 |
| Advertising and promotion | $5,192 |
| Office expenses | $2,282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,667 |
| Insurance | $6,877 |
| All other expenses | $497 |
| Total functional expenses | $232,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,679 |
| Savings and temporary cash investments | $1,011,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $779,996 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,958,702 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $833 |
| Total assets | $4,890,614 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,890,614 |
| 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 | $4,890,614 |