Delta Circles INC: Nonprofit Profile, Financials & Form 990 (EIN 45-5135281)

Patricia Ashanti’s $44K as CEO is at the 31st percentile of top reported officer pay among 2168 $100K–1M human services 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

Name	FY2022	FY2021	FY2020
Patricia Ashanti	$43,500	$38,500	$36,500

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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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

Empowers families in the Arkansas Delta to end poverty through entrepreneurship, financial literacy, and health initiatives.

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3 programs · $317K · in their own filed words · FY2024

01

Winthrop Rockefeller Foundation

Utilized general operating support to provide and strengthen a business ecosystem to support local entrepreneurs. Provided staff and operational support for the infrastructure of an opportunity hub.

$151Kprogram expense

02

Center for Disease Control (cdc) Foundation

Improved economic advancement of residents by focusing on health outcome. Program services included providing community health workers to meet with clients regularly and leading a community health initiative.

$131Kprogram expense

03

Walton Foundation

Strengthened the infrastructure of an opportunity hub designed to empower current and future entrepreneurs, inventors, artists and engineers in the arkansas delta and supported black women to build sustainable revenues and streams of work.

$35Kprogram 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 · FY2023

Walton Family Foundation INCFY2023$50K

Arkansas Community Foundation INCFY2023$15K

Total grants receivedfrom 2 funders$65K

By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$566K

Ln 12

Gifts and grantsLn 1h$534K

Other incomeLn 4–11$32K

Money outPt IX

$612K

Ln 25

Programscol B$432K

Managementcol C$180K

Owns and owesPt X

$95K

net assets · Ln 32

Cash and savingsLn 1–2$95K

Total assetsLn 16$95K

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$534K

Government grantsLn 1e$527K

Other incomeLn 4–11$32K

Total revenueLn 12$566K

Assets in detailPt X, end of year

CashLn 1$70K

SavingsLn 2$25K

Cash and savings togetherLn 1–2$95K

Total assetsLn 16$95K

LiabilitiesLn 26$0

Net assetsLn 32$95K

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$158K	$95K
Total assetsLn 16	$158K	$95K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$158K	$95K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$63K		$63K
Other salaries and wagesLn 7	$41K		$41K
Payroll taxesLn 10	$14K		$14K
Management feesLn 11a	$249K	$224K	$25K
Accounting feesLn 11c	$17K		$17K
Advertising and promotionLn 12	$8K	$8K
Office expensesLn 13	$23K	$23K
Information technologyLn 14	$68K	$68K
TravelLn 17	$9K	$9K
Conferences, conventions and meetingsLn 19	$13K	$13K
InsuranceLn 23	$20K		$20K
Other expenses (24a–d)Ln 24	$89K	$89K
Total functional expensesLn 25	$612K	$432K	$180K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$566K	$612K	−$46K	$95K	990 PDF
FY2023	$360K	$205K	$155K	$158K	990 PDF
FY2022	$159K			$3K	990 PDF
FY2021	$160K			$489	990 PDF
FY2020	$127K			$31K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $565,929 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $359,980$533,510

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$32,419

I-12 Total revenuePrior year $359,980$565,929

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $27,140$117,903

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $177,570$494,236

I-18 Total expensesPrior year $204,710$612,139

I-19 Revenue less expensesPrior year $155,270−$46,210

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $565,929 across 6 lines filed

VIII-1e Government grants$526,792

VIII-1f All other contributions, gifts and grants$6,718

VIII-1h Total contributions, gifts and grants$533,510

VIII-8 Net income from fundraising events$0

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $32,419$32,419

VIII-12 Total revenueRelated to mission $32,419 · Unrelated business $0 · Excluded from tax $0$565,929

Part IX · Statement of functional expenses $612,139 across 12 lines filed

IX-5 Pay of current officers, directors and key staffManagement $63,307$63,307

IX-7 Other salaries and wagesManagement $40,567$40,567

IX-10 Payroll taxesManagement $14,029$14,029

IX-11a Management feesPrograms $224,012 · Management $24,890$248,902

IX-11c Accounting feesManagement $16,692$16,692

IX-12 Advertising and promotionPrograms $7,523$7,523

IX-13 Office expensesPrograms $22,576$22,576

IX-14 Information technologyPrograms $67,751$67,751

IX-17 TravelPrograms $8,716$8,716

IX-19 Conferences, conventions and meetingsPrograms $13,106$13,106

IX-23 InsuranceManagement $20,268$20,268

IX-24 Other expenses (24a–d)Programs $88,702$88,702

IX-25 Total functional expensesPrograms $432,386 · Management $179,753 · Fundraising $0$612,139

Part X · Balance sheet $94,976 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $158,308$69,952

X-2 Savings and temporary cash investments$25,024

X-16 Total assetsStart of year $158,308$94,976

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $158,308$94,976

X-32 Total net assets or fund balancesStart of year $158,308$94,976

X-33 Total liabilities and net assetsStart of year $158,308$94,976

Part XI · Reconciliation of net assets $94,976 net assets at year end

XI-1 Total revenue$565,929

XI-2 Total expenses$612,139

XI-3 Revenue less expenses−$46,210

XI-4 Net assets at start of year$158,308

XI-6 Donated services and use of facilities−$17,122

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$94,976

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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