Circle Square Foundation
- Assets
- $112.1m
- Revenue
- $5.5m
- Investments
- $57.4m
- Employees
- 0
- Location
- Ocala, FL
- Founding
- Data as of
- 03/2023
- EIN
- 83-6900931
Organization Overview
Circle Square Foundation is located in Ocala, FL. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle Square 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 03/2023, Circle Square Foundation generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $17.5m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, PLANNING AND CONSTRUCTION OF AQUATIC CENTER AND JOINT WORSHIP FACILITY
OPERATING AND MANAGEMENT OF AQUATIC CENTER AVAILABLE TO THE GENERAL PUBLIC AND LOCAL SWIM TEAMS.
OPERATING AND MANAGEMENT OF JOINT WORSHIP FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth D Colen Trustee | 20 | $0 | |
Rebecca Rogers Executive Dir. | 25 | $80,298 | |
Kevin Milak Manager | 40 | $129,808 | |
Stephen Coy Maintenance Superv | 40 | $67,789 | |
Wendy Shawhan Manager | 40 | $66,000 | |
Gemma Fleming Manager | 40 | $64,192 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Parrish Mccall Constructors Inc | 3/30/23 | $2,159,167 |
Stearns Weaver Miller Weissler Alhadeff | 3/30/23 | $230,481 |
Strategic Equipment Llc | 3/30/23 | $66,586 |
Gregory C Troy | 3/30/23 | $68,936 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550 |
| Interest on Savings | $530,079 |
| Dividends & Interest | $725,205 |
| Net Rental Income | $260,099 |
| Net Gain on Sale of Assets | $3,066,425 |
| Capital Gain Net Income | $3,066,425 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $20,979 |
| Other Income | $865,855 |
| Total Revenue | $5,469,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,134 |
| Other employee salaries and wages | $1,052,504 |
| Pension plans, employee benefits | $119,750 |
| Interest | $0 |
| Taxes | $191,254 |
| Depreciation | $1,275,530 |
| Occupancy | $715,238 |
| Travel, conferences, and meetings | $31,168 |
| Printing and publications | $0 |
| Other expenses | $1,363,726 |
| Total operating and administrative expenses | $5,511,922 |
| Contributions, gifts, grants paid | $11,975,671 |
| Total expenses and disbursements | $17,487,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,557 |
| Savings and temporary cash investments | $424,107 |
| Net Accounts receivable | $62,564 |
| 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 | $19,988 |
| Prepaid expenses and deferred charges | $388,471 |
| Net Investments - land, buildings, equipment | $4,895,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,932,864 |
| Net Land, buildings, and equipment | $48,662,568 |
| Other assets | $7,420 |
| Total assets | $112,078,755 |
| Accounts payable and accrued expenses | $2,182,523 |
| 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 | $62,000 |
| Total liabilities | $2,244,523 |
Grants Awarded
Over the last fiscal year, Circle Square Foundation has awarded $11,975,671 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION FOR OCALA PURPOSE: CHARITABLE CONTRIBUTION | $25,500 |
COLEN FAMILY CHARITABLE TRUST PURPOSE: CHARITABLE CONTRIBUTION | $11,950,071 |
VETERANS HELPING VETERANS PURPOSE: CHARITABLE CONTRIBUTION | $100 |