Circle Venture INC FY2022 filing

Tax-deductible

Philadelphia, PA501(c)(3)EmploymentEIN 23-2989934Revenue $1.1M in FY2022

On file with the IRS2233 Frankford Ave, 19125-2007 · Philadelphia, PATax-exempt since Mar 2000Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Please see attached

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$55K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $93K a year · 8% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $135
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-7% vs prior year
Spent
$1.0M
To programs
100%
Net assets
$909K
By yearFY2020–FY2025
Revenue
$1.1M
FY2022▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$735K
FY2021$1.2M
FY2022$1.1M
FY2023$1.2M
FY2024$1.4M
FY2025$1.5M
Expenses
$1.0M
FY2022▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$709K
FY2021$1.1M
FY2022$1.0M
FY2023$1.0M
FY2024$1.3M
FY2025$1.4M
Net assets
$909K
FY2022▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$538K
FY2021$834K
FY2022$909K
FY2023$1.1M
FY2024$1.1M
FY2025$1.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.0M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

5 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Highest Compensated Employee
$55,000Pt VII · Sec A
$0Pt VII · Sec A
Undersecretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$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.

See Circle Venture INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

Provided by the organization

Know this organization? Claim it to add your story

1 program · $1.0M · in their own filed words · FY2022
01

A. Circle Thrift

Operate a thrift store that sells used clothing and household goods that were donated to the organization. Provided clothing and household goods to hundreds of families in the community of Fishtown/East Kensington in Philadelphia at below market value. Provided job retail training to several underemployed adults.

$1.0Mprogram expense

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 →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$10K
Investment incomeLn 3$416
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Owns and owesPt X
$909K
net assets · Ln 32
Cash and savingsLn 1–2$808K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$416
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$808K
Cash and savings togetherLn 1–2$808K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.4M
Net assetsLn 32$909K
OperationsPt I, VI
EmployeesI 539
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$857K$808K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$2.3M$2.3M
LiabilitiesLn 26$1.5M$1.4M
Net assetsLn 32$834K$909K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$257K$257K
Other salaries and wagesLn 7$459K$459K
Payroll taxesLn 10$69K$69K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$9K$9K
OccupancyLn 16$59K$59K
InterestLn 20$8K$8K
Depreciation, depletion and amortizationLn 22$33K$33K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$109K$109K
Total functional expensesLn 25$1.0M$1.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.4M$116K$1.2M 990 PDF
FY2024 $1.4M$1.3M$39K$1.1M 990 PDF
FY2023 $1.2M$1.0M$172K$1.1M 990 PDF
FY2022 Viewing $1.1M$1.0M$75K$909K 990 PDF
FY2021 $1.2M$1.1M$128K$834K 990 PDF
FY2020 $735K$709K$26K$538K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,104,998 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,661$10,449
I-9 Program service revenuePrior year $1,173,285$1,094,133
I-10 Investment incomePrior year $616$416
I-11 Other revenue$0
I-12 Total revenuePrior year $1,182,562$1,104,998
I-13 Grants and similar amounts paidPrior year $221,800$256,653
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $571,196$528,347
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $261,637$245,453
I-18 Total expensesPrior year $1,054,633$1,030,453
I-19 Revenue less expensesPrior year $127,929$74,545
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,104,998 across 5 lines filed
VIII-1c Fundraising events$10,449
VIII-1h Total contributions, gifts and grants$10,449
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,094,133$1,094,133
VIII-3 Investment incomeRelated to mission $416$416
VIII-12 Total revenueRelated to mission $1,094,549 · Unrelated business $0 · Excluded from tax $0$1,104,998
Part IX · Statement of functional expenses $1,030,453 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $256,653$256,653
IX-7 Other salaries and wagesPrograms $459,456$459,456
IX-10 Payroll taxesPrograms $68,891$68,891
IX-11c Accounting feesPrograms $2,000$2,000
IX-13 Office expensesPrograms $8,688$8,688
IX-16 OccupancyPrograms $58,936$58,936
IX-20 InterestPrograms $7,890$7,890
IX-22 Depreciation, depletion and amortizationPrograms $33,319$33,319
IX-23 InsurancePrograms $26,059$26,059
IX-24 Other expenses (24a–d)Programs $108,561$108,561
IX-25 Total functional expensesPrograms $1,030,453 · Management $0 · Fundraising $0$1,030,453
Part X · Balance sheet $2,262,032 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $856,647$807,561
X-10c Land, buildings and equipment, netStart of year $1,487,790$1,454,471
X-16 Total assetsStart of year $2,344,437$2,262,032
X-17 Accounts payable and accrued expensesStart of year $2,650$4,258
X-24 Unsecured notes and loans payableStart of year $1,507,728$1,349,170
X-26 Total liabilitiesStart of year $1,510,378$1,353,428
X-27 Net assets without donor restrictionsStart of year $834,059$908,604
X-32 Total net assets or fund balancesStart of year $834,059$908,604
X-33 Total liabilities and net assetsStart of year $2,344,437$2,262,032
Part XI · Reconciliation of net assets $908,604 net assets at year end
XI-1 Total revenue$1,104,998
XI-2 Total expenses$1,030,453
XI-3 Revenue less expenses$74,545
XI-4 Net assets at start of year$834,059
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$908,604

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.