Circle Venture INC FY2020 filing

Tax-deductible

Philadelphia, PA501(c)(3)EmploymentEIN 23-2989934

Please see attached

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
6 of 6
years in the black
Pt I · Ln 19 · 6 filings
How much reaches the programs?
100%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
12 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $135
Funders’ Sch. I, 990-PF
Do they carry debt?
$155K
liabilities
Pt X · Ln 26
Who oversees it?
8
independent of 8 voting board members
Pt VI · Ln 1a–1b
Revenue
$735K
Spent
$709K
To programs
100%
Net assets
$538K
By yearFY2020–FY2025
Revenue
$735K
FY2020
Revenue by fiscal year
FY2020$735K
FY2021$1.2M
FY2022$1.1M
FY2023$1.2M
FY2024$1.4M
FY2025$1.5M
Expenses
$709K
FY2020
Expenses by fiscal year
FY2020$709K
FY2021$1.1M
FY2022$1.0M
FY2023$1.0M
FY2024$1.3M
FY2025$1.4M
Net assets
$538K
FY2020
Net assets by fiscal year
FY2020$538K
FY2021$834K
FY2022$909K
FY2023$1.1M
FY2024$1.1M
FY2025$1.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CCircle Venture INC
EINHdr · item D23-2989934
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2000
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPhiladelphia, PA
NTEE classificationIRS BMFEmployment (J20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$709K
Total functional expensesLn 25$709K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$692K
FY2020
Total assets by fiscal year
FY2020$692K
FY2021$2.3M
FY2022$2.3M
FY2023$2.6M
FY2024$1.1M
FY2025$1.2M
Total liabilities
$155K
FY2020
Total liabilities by fiscal year
FY2020$155K
FY2021$1.5M
FY2022$1.4M
FY2023$1.5M
FY2024$5K
FY2025$5K
Revenue less expensesPt I · Ln 19$26K
Total assetsPt X · Ln 16$692K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$692K
Total assetsLn 16$692K
Total liabilitiesLn 26$155K
Total net assetsLn 32$538K
Months of cash on handcomputed11.7

Statement of Revenue

Part VIII
Program service revenue$701K · 95%
Contributions & grants$26K · 4%
Other revenue$8K · 1%
Program service revenue95%$701K
Contributions & grants4%$26K
Other revenue1%$8K
Investment income$1K
Total revenueLn 12$735K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $692K · Operating expenses/yr $709K
11.7 months
Where the money goes
Program services
Program services $709K · Total expenses $709K
100%
Management & General
Management & general $0 · Total expenses $709K
0%
Fundraising
Fundraising $0 · Total expenses $709K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $26K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $735K
4%
Government reliance
Government grants — · Total revenue $735K
—
Earned-income share
Program service revenue $701K · Total revenue $735K
95%
Investment reliance
Investment income $1K · Total revenue $735K
+0.2%
Program self-sufficiency
Program service revenue $701K · Total expenses $709K
99%
Growth & trend
Revenue growth (YoY)
This year $735K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $538K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $735K · Expenses $709K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $692K
—
Net-asset ratio
Net assets $538K · Total assets $692K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $692K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lauren Smith · Reported title UNDERSECRETARY · Highest reported compensation $0 · Total expenses $709K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $367K · Total expenses $709K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Accounting fee ratio 0.10%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Undersecretary
$0Pt VII · Sec A
Undersecretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
Highest Compensated Employee
$0Pt VII · Sec A

Martha Grace’s $55K as Highest Compensated Employee is at the 6th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Martha Grace$55,000$55,000$55,000$55,000$53,200

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Operates a thrift store providing affordable goods, job training, and grants to local organizations in Philadelphia.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $709K of program spending, described in the organization's own filed words · FY2020.
01

Program revenue and tuition

$709Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$135
Grants paid · 38 grants · $926K · 2021–2025
Peoples Kitchen PhillyPA · FY2025$25,000
The SimplewayPA · FY2025$10,635
Beyond the Bars INCPA · FY2025$10,204
Attic Youth CenterPA · FY2025$10,000
Yes and Collaborative ArtsPA · FY2025$10,000
Painted Bride Art Center INCPA · FY2025$10,000
Lilypad PhillyPA · FY2025$10,000
All Saints Indian MissionMN · FY2025$10,000
Timoteo Philadelphia INCPA · FY2025$10,000
Donors ChoiceNY · FY2025$5,644
The SimplewayPA · FY2024$10,000
Eloheh Eagles WingsOR · FY2024$10,000
Timoteo Philadelphia INCPA · FY2024$5,000
See all 38 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.5M$1.4M+10% 990 PDF
FY2024 $1.4M$1.3M+13% 990 PDF
FY2023 $1.2M$1.0M+8% 990 PDF
FY2022 $1.1M$1.0M-7% 990 PDF
FY2021 $1.2M$1.1M+61% 990 PDF
FY2020 Viewing $735K$709K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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