Circle De Luz Inc
- Assets
- $287.5k
- Revenue
- $234.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Charlotte, NC
- Founding
- 08/2008
- Data as of
- 05/2022
- EIN
- 74-3259379
Organization Overview
Circle De Luz Inc is located in Charlotte, NC. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 05/2022, Circle DE Luz Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle DE Luz 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 05/2022, Circle DE Luz Inc generated $234.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $187.2k during the year ending 05/2022. While expenses have increased by 11.5% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO CLASS OF 2022 GRADUATES
N/A
N.A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Martinez Development And Finance Director | Officer | 25 | $25,928 |
Lorena Priego Program And Communications Director | Officer | 25 | $25,928 |
Xiomara Butler Case Manager | Officer | 25 | $16,800 |
Corrin Zumbado Campbell Program And Communications Manager | Officer | 25 | $4,800 |
Mary Kathryn Elkins Co-Chair | Trustee | 1 | $0 |
Rosie Molinary Co-Chair | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,610 |
| Related organizations | $0 |
| Government grants | $213,297 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,318 |
| Noncash contributions included in lines 1a–1f | $13,074 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,225 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $234,225 |
| 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 | $1,260 |
| Compensation of current officers, directors, key employees. | $73,457 |
| Compensation of current officers, directors, key employees. | $4,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,202 |
| Fees for services: Management | $390 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,224 |
| Advertising and promotion | $1,209 |
| Office expenses | $2,356 |
| Information technology | $8,825 |
| Royalties | $0 |
| Occupancy | $9,754 |
| Travel | $203 |
| 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 | $0 |
| Insurance | $4,224 |
| All other expenses | $69,762 |
| Total functional expenses | $187,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,536 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $199,948 |
| 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 | $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 | $0 |
| Total assets | $287,484 |
| 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 | $87,536 |
| Net assets with donor restrictions | $199,948 |
| 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 | $287,484 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Circle De Luz Inc has recieved totaling $66,858.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Charlotte Charlotte, NC PURPOSE: PROGRAM OPERATING COSTS | $32,500 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $16,500 |
Robyn And Alex Gellman Foundation Boca Raton, FL PURPOSE: GENERAL PURPOSES | $15,000 |
Walton Family Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $2,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $258 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |