Concentric Development INC EIN 45-1056079

Concentric Development INC

EIN  45-1056079 Public charity (501(c)(3)) Cary, NC Founded 2011
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Size
$100K–1M
What they do
Supports humanitarian relief and development efforts for people in need, domestically and internationally.
Leadership
Jonathan Mitchell · President · $212K
Money in and out
$656K revenue, $610K expenses
Bottom line
95% program efficiency

Supports humanitarian relief and development efforts for people in need, domestically and internationally. For fiscal year 2025 it reported $656K in revenue, $610K in expenses, and $331K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$656K
Pt VIII · Ln 12
Total expenses
$610K
Pt IX · Ln 25
Net assets
$331K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $46K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▲ +36% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$656K
FY2025▲ +33%
Expenses
$610K
FY2025▲ +30%
Total assets
$336K
FY2025▲ +16%
Total liabilities
$5K
FY2025▲ +40%
Total revenue
$656K
Pt VIII · Ln 12
Total expenses
$610K
Pt IX · Ln 25
Net assets
$331K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$46K
Total assetsPt X · Ln 16$336K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $467K of program spending, described in the organization's own filed words · FY2025.
01

Equip local organizations in asia to reach out to the communities around them.

$215Kprogram expense
02

Led initiative to encourage entrepreneurship and businesses among disadvantaged groups in asia.

$191Kprogram expense
03

Led leadership and mentoring initiative in asia

$62Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CConcentric Development INC
EINHdr · item D45-1056079
Principal addressHdr · item CCary, NC
WebsiteHdr · item Jwww.concentricdevelopment.org
Year of formationHdr · item L2011
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q023)
Ruling yearIRS BMFJul 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$212,189Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jonathan Mitchell’s $212K as President is at the 99th percentile of top reported officer pay among 1637 $100K–1M international 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jonathan Mitchell$212,189$211,141$212,929$211,411$202,917$150,322

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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Statement of Revenue

Part VIII
Contributions & grants$649K · 99%
Investment income$6K · 1%
Contributions & grants99%$649K
Investment income1%$6K
Total revenueLn 12$656K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$580K
Management & general5%$30K
Total functional expensesLn 25$610K

Balance Sheet

Part X · end of year
CashLn 1$336K
Total assetsLn 16$336K
Total liabilitiesLn 26$5K
Total net assetsLn 32$331K
Months of cash on handcomputed6.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $336K · Operating expenses (Pt IX) $610K · Less non-cash grants $65K · Cash operating expenses/yr $545K
7.4 months
Where the money goes
Program services
Program services $580K · Total expenses $610K
95%
Management & General
Management & general $30K · Total expenses $610K
5%
Fundraising
Fundraising $0 · Total expenses $610K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $492 · Solicited contributions (3-yr avg) $504K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $649K · Total revenue $656K
99%
Government reliance
Government grants — · Total revenue $656K
Earned-income share
Program service revenue $0 · Total revenue $656K
0%
Investment reliance
Investment income $6K · Total revenue $656K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $610K
0%
Growth & trend
Revenue growth (YoY)
This year $656K · Prior year $493K
+33%
Revenue CAGR
FY2020 $526K · FY2025 $656K
+5%
Net-asset trend (YoY)
End of year $331K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $656K · Expenses $610K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $336K
Net-asset ratio
Net assets $331K · Total assets $336K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $336K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jonathan Mitchell · Reported title PRESIDENT · Highest reported compensation $212K · Total expenses $610K
35%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $278K · Total expenses $610K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth 33%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$234K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$656K revenue · viewing · ⤓ 990 PDF
FY2024$493K revenue · ⤓ 990 PDF
FY2023$382K revenue · ⤓ 990 PDF
FY2022$526K revenue · ⤓ 990 PDF
FY2021$436K revenue · ⤓ 990 PDF
FY2020$526K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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