The Circles Foundation
- Assets
- $609.6k
- Revenue
- $393.9k
- Investments
- $556.3k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2019
- Data as of
- 12/2020
- EIN
- 83-1562448
Organization Overview
The Circles Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, 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. Circles 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 12/2020, Circles Foundation generated $393.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $34.6k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
Natacha Munilla Bastian Dir, Pres | 1 | $0 | |
Fernando Munilla Dir, Sec, Treas, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $370,000 |
| Interest on Savings | $134 |
| Dividends & Interest | $8,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,725 |
| Capital Gain Net Income | $15,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $393,868 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,517 |
| Total operating and administrative expenses | $10,632 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $34,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,284 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $609,613 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Circles Foundation has awarded $48,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF MIAMI-DADE INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
UNITED WAY OF MIAMI-DADE INC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Miami, FL PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Miami, FL PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
West Palm Bch, FL PURPOSE: YOUTH CHAPEL | $3,000 |
West Palm Bch, FL PURPOSE: YOUTH CHAPEL | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Janet W Mccune Pittsburgh, PA | $8,075,163 | $998,234 |
The Tinybell Charitable Fund Wilmington, DE | $8,655,951 | $4,237,280 |
Hackett Philanthropies Foundation Shavertown, PA | $2,510,593 | $202,481 |
Brian And Mary Murphy Family Foundation Inc Chester, NJ | $1,108,942 | $156,341 |
Wm F Roth T-W Fbo Charities Acct No 063809900 Pittsburgh, PA | $1,185,892 | -$401 |
Hattie E Anderson Smith Trust Fbo Charities 1033 Pittsburgh, PA | $652,174 | -$144 |
Cambrooke Foundation For Arts And Science Wilmington, DE | $750,905 | $21 |
D J And J N Knull Fund Bancohio Pittsburgh, PA | $956,023 | $82,512 |
C Carroll Co T-W For Charities Acct No 040697200 Pittsburgh, PA | $646,852 | $61,077 |
The Circles Foundation Wilmington, DE | $609,613 | $393,868 |
Ulric Sloane Tr 4632 Pittsburgh, PA | $365,576 | -$4,100 |
Ira H Haslet Nect Pittsburgh, PA | $244,723 | $729 |