Circle Foundation FY2021 filing

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The Circle Foundation is an institution that facilitates innovative educational experiences, inspirational leadership development, insightful guidance opportunities, and dutiful support service programming. The Foundation is a non-discrimatory, non-sectarian, and non-political organization that focuses on perserving and encouraging the heights of human potential in order to contribute to the advancement of individual, group, and societal progress.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$675K 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

FY2021 · 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
5 of 6
filings with a surplus
Average surplus $388K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$675K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $65K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$302K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 8 voting members
Looks good: 6 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
+19% vs prior year
Spent
$4.8M
To programs
86%
Net assets
$451K
By yearFY2020–FY2025
Revenue
$5.5M
FY2021▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$5.5M
FY2022$7.5M
FY2023$6.0M
FY2024$7.3M
FY2025$7.8M
Expenses
$4.8M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.6M
FY2021$4.8M
FY2022$6.3M
FY2023$6.4M
FY2024$7.1M
FY2025$7.2M
Net assets
$451K
FY2021▲ +282%
Tap a bar for its year
Net assets by fiscal year
FY2020−$249K
FY2021$451K
FY2022$1.7M
FY2023$1.3M
FY2024$1.5M
FY2025$2.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 May 2010.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $4.1M Management & general 14% · $691K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $675K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chairman / CEO
$217,088Pt VII · Sec A
Co-Chairman / COO
$205,183Pt VII · Sec A
Comptroller
$137,911Pt VII · Sec A
$114,622Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lashaun Jackson’s $303K as Chief Executive Officer is at the 95th percentile of top reported officer pay among 3394 $1–10M education 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lashaun Jackson$302,655$242,834$228,632$217,088$217,088$224,603
Omar Moore$272,707$236,532$222,051$205,183$205,183$200,465
Oscar Argueta$187,558$158,689$143,610$137,911$137,911$130,980
Alicia Arnold$156,250$136,824————
Heidi Valdez$127,141$114,840————
Alicia Boughton——$117,606———
Melissa Cotirla———$114,622$114,622$110,813

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 Foundation executive salaries →

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 15aYes

Programs and updates

Inspires, motivates, and empowers people to develop and realize their highest aspirations.

Questions for Circle Foundation

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Your first name shows with your question. Circle Foundation answers here, for everyone.

3 programs · $3.9M · in their own filed words · FY2020
01

Innovations high school is a campus of the youth connection charter school, focused on arts integrated project-based learning, which provides high school study in a small school setting, for students age 16-21.

$3.6Mprogram expense
02

YS3 (DCFS) mentoring program provides educational, social and work related services, in order to provide the necessary social and educational skills that at-risk youth need to earn a high school diploma and transition to employment, college or vocational training programs.

$172Kprogram expense
03

Re-enrolled student project (RSP) is a partnership between alternative schools network and its member schools with the illinois state board of education (isbe) to expand services for re-enrolled students.

$103Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$65K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2022 · $1.1M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Youth Connection Charter School$455K
Emergency Food Assistance Program (food Commodities)Department of Agriculture · ALN 10.569 · Through Greater Chicago Food Depository$286K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Youth Connection Charter School$209K
Community Services Block GrantDepartment of Health and Human Services · ALN 93.569 · Through Greater Chicago Food Depository$48K
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through Greater Chicago Food Depository$26K

Plus 2 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Gifts and grantsLn 1h$5.5M
Other incomeLn 4–11$4K
Investment incomeLn 3$183
Money outPt IX
$4.8M
Ln 25
Programscol B$4.1M
Managementcol C$691K
Owns and owesPt X
$451K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$754K
LiabilitiesLn 26$302K
PeoplePt VI, VII
10
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.5M
Government grantsLn 1e$406K
Fees for servicesLn 2g$70
Investment incomeLn 3$183
Other incomeLn 4–11$4K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$49K
Cash and savings togetherLn 1–2$49K
Pledges and grants receivableLn 3$484K
Prepaid expenses and deferred chargesLn 9$104K
Land, buildings, equipmentLn 10c$104K
InvestmentsLn 11–13$11K
Other assetsLn 15$2K
Total assetsLn 16$754K
LiabilitiesLn 26$302K
Net assetsLn 32$451K
OperationsPt I, VI
EmployeesI 553
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$26K$49K
InvestmentsLn 11–13$8K$11K
Land, buildings, equipmentLn 10c$118K$104K
Total assetsLn 16$733K$754K
LiabilitiesLn 26$981K$302K
Net assetsLn 32−$249K$451K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$477K$477K
Other salaries and wagesLn 7$1.9M$1.4M$505K
Pension plan contributionsLn 8$162K$151K$10K
Other employee benefitsLn 9$186K$172K$15K
Payroll taxesLn 10$122K$87K$35K
Legal feesLn 11b$68K$68K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$244K$232K$12K
Advertising and promotionLn 12$77K$77K
Office expensesLn 13$255K$251K$4K
OccupancyLn 16$911K$911K
TravelLn 17$17K$17K$49
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$46K$46K$737
InsuranceLn 23$33K$28K$4K
Other expenses (24a–d)Ln 24$245K$233K$12K
Total functional expensesLn 25$4.8M$4.1M$691K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $7.8M$7.2M$616K$2.1M 990 PDF
FY2024Filed with the IRS Apr 29, 2025 $7.3M$7.1M$188K$1.5M 990 PDF
FY2023Filed with the IRS May 10, 2024 $6.0M$6.4M−$375K$1.3M 990 PDF
FY2022Filed with the IRS Apr 24, 2023 $7.5M$6.3M$1.2M$1.7M 990 PDF
FY2021 ViewingFiled with the IRS May 16, 2022 $5.5M$4.8M$697K$451K 990 PDF
FY2020Filed with the IRS Apr 5, 2021 $4.6M$4.6M$4K−$249K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $5,499,132 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,614,403$5,494,994
I-9 Program service revenuePrior year $15,910$70
I-10 Investment incomePrior year $346$183
I-11 Other revenuePrior year $9,421$3,885
I-12 Total revenuePrior year $4,640,080$5,499,132
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,684,583$2,880,230
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,951,546$1,921,848
I-18 Total expensesPrior year $4,636,129$4,802,078
I-19 Revenue less expensesPrior year $3,951$697,054
Part VI · Governance 6 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,499,132 across 7 lines filed
VIII-1e Government grants$405,703
VIII-1f All other contributions, gifts and grants$5,089,291
VIII-1h Total contributions, gifts and grants$5,494,994
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $70$70
VIII-3 Investment incomeExcluded from tax $183$183
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,885$3,885
VIII-12 Total revenueRelated to mission $70 · Unrelated business $0 · Excluded from tax $4,068$5,499,132
Part IX · Statement of functional expenses $4,802,078 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $477,058$477,058
IX-7 Other salaries and wagesPrograms $1,427,723 · Management $505,106$1,932,829
IX-8 Pension plan contributionsPrograms $151,451 · Management $10,264$161,715
IX-9 Other employee benefitsPrograms $171,681 · Management $14,745$186,426
IX-10 Payroll taxesPrograms $87,444 · Management $34,758$122,202
IX-11b Legal feesManagement $67,623$67,623
IX-11c Accounting feesManagement $19,000$19,000
IX-11g Other fees for servicesPrograms $231,719 · Management $12,146$243,865
IX-12 Advertising and promotionPrograms $77,487$77,487
IX-13 Office expensesPrograms $251,197 · Management $4,031$255,228
IX-16 OccupancyPrograms $911,289$911,289
IX-17 TravelPrograms $17,071 · Management $49$17,120
IX-20 InterestManagement $5,450$5,450
IX-22 Depreciation, depletion and amortizationPrograms $45,692 · Management $737$46,429
IX-23 InsurancePrograms $28,406 · Management $4,455$32,861
IX-24 Other expenses (24a–d)Programs $233,035 · Management $12,461$245,496
IX-25 Total functional expensesPrograms $4,111,253 · Management $690,825 · Fundraising $0$4,802,078
Part X · Balance sheet $753,922 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $25,944$49,209
X-3 Pledges and grants receivableStart of year $468,210$483,958
X-9 Prepaid expenses and deferred chargesStart of year $102,298$104,148
X-10c Land, buildings and equipment, netStart of year $117,865$103,836
X-11 Publicly traded securitiesStart of year $7,936$11,171
X-15 Other assetsStart of year $10,263$1,600
X-16 Total assetsStart of year $732,516$753,922
X-17 Accounts payable and accrued expensesStart of year $80,752$191,371
X-24 Unsecured notes and loans payableStart of year $486,502$1,996
X-25 Other liabilitiesStart of year $413,923$109,075
X-26 Total liabilitiesStart of year $981,177$302,442
X-27 Net assets without donor restrictionsStart of year −$290,023$419,468
X-28 Net assets with donor restrictionsStart of year $41,362$32,012
X-32 Total net assets or fund balancesStart of year −$248,661$451,480
X-33 Total liabilities and net assetsStart of year $732,516$753,922
Part XI · Reconciliation of net assets $451,480 net assets at year end
XI-1 Total revenue$5,499,132
XI-2 Total expenses$4,802,078
XI-3 Revenue less expenses$697,054
XI-4 Net assets at start of year−$248,661
XI-5 Net unrealized gains (losses) on investments$3,087
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$451,480

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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