Elephant Circle EIN 47-1648218 Form 990 (PDF) Claim this org

Elephant Circle FY2021 filing

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Provides support for people throughout their perinatal journey, ensuring birth justice and self-determination. For fiscal year 2021 it reported $752K in revenue, $569K in expenses, and $507K in net assets.Pt I

Founded
2017
Type
Public charity (501(c)(3)) · Crime & Legal
Location
Palisade, CO
Website
www.elephantcircle.org
Filings
5 on file (2020–2021)
Revenue
$752KFY2021
Expenses
$569K
Net assets
$507K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1648218 Public charity (501(c)(3)) Palisade, CO Founded 2017
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/18/26 · see original: IRS
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Size
$1–10M
What they do
Provides support for people throughout their perinatal journey, ensuring birth justice and self-determination.
Leadership
Indra Lusero · Executive Di · $75K
Money in and out
$752K revenue, $569K expenses
Bottom line
93% program efficiency
Where the money goes · FY2021
Total revenue
$752K
Pt VIII · Ln 12
Total expenses
$569K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $183K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.05 Fundraising $0.02
Program efficiency
93%
of spending reaches programs
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$752K
FY2021▲ +131%
Expenses
$569K
FY2021▲ +350%
Total assets
$512K
FY2021▲ +58%
Total liabilities
$5K
FY2021
Total revenue
$752K
Pt VIII · Ln 12
Total expenses
$569K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$183K
Total assetsPt X · Ln 16$512K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElephant Circle
EINHdr · item D47-1648218
Principal addressHdr · item CPalisade, CO
WebsiteHdr · item Jwww.elephantcircle.org
Year of formationHdr · item L2017
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I80)
Ruling yearIRS BMFJul 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$75,000Pt VII · Sec A
Co-Deputy Di
$42,939Pt VII · Sec A
Co-Deputy Di
$29,265Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Indra Lusero’s $98K as Executive Di is at the 23rd percentile of top reported officer pay among 1146 $1–10M crime & legal 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Indra Lusero$98,201$87,737$75,000$75,000$7,100
Heather Thompson$42,939$24,750
Vita Malama$29,265

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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Mission & Programs · Part III

Where the work happens

3 program services account for $522K of program spending, described in the organization's own filed words · FY2021.
01

Special Projects

Elephant circle collaborates with, and provides support to, a wide variety of organizations including philanthropic funding organizations, black and indigenous birthworkers doing community-based birth justice work, the birth rights bar association, midwifery collectives providing grassroots support, and the queer and transgender midwives…

$391Kprogram expense
02

Education, Outreach, and Organizing

We provide education and outreach to expand perspective, challenge limits, incite action, address inequities, and increase collective capacity for birth justice. Our lectures, writings, workshops, and webinars provide venues to educate and organize community members to more effectively join in our pursuit of reproductive justice.

$120Kprogram expense
03

Coaching and Consulting

Elephant circle provides personalized coaching and consulting for groups, organizations, and individuals seeking to increase their capacity for birth justice and to address bias on internal, interpersonal, organizational, and structural levels.

$11Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$676K · 90%
Program service revenue$76K · 10%
Contributions & grants90%$676K
Program service revenue10%$76K
Investment income$7
Other revenue$162
Total revenueLn 12$752K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.05 Fundraising $0.02
Program services93%$531K
Management & general5%$26K
Fundraising2%$12K
Total functional expensesLn 25$569K

Balance Sheet

Part X · end of year
CashLn 1$492K
Total assetsLn 16$512K
Total liabilitiesLn 26$5K
Total net assetsLn 32$507K
Months of cash on handcomputed10.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $492K · Operating expenses/yr $569K
10.4 months
Where the money goes
Program services
Program services $531K · Total expenses $569K
93%
Management & General
Management & general $26K · Total expenses $569K
5%
Fundraising
Fundraising $12K · Total expenses $569K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $7K · Solicited contributions (2-yr avg) $493K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $676K · Total revenue $752K
90%
Government reliance
Government grants — · Total revenue $752K
Earned-income share
Program service revenue $76K · Total revenue $752K
10%
Investment reliance
Investment income $7 · Total revenue $752K
<0.01%
Program self-sufficiency
Program service revenue $76K · Total expenses $569K
13%
Growth & trend
Revenue growth (YoY)
This year $752K · Prior year $326K
+131%
Net-asset trend (YoY)
End of year $507K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $752K · Expenses $569K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $512K
Net-asset ratio
Net assets $507K · Total assets $512K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $512K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Indra Lusero · Reported title EXECUTIVE DI · Highest reported compensation $75K · Total expenses $569K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $184K · Total expenses $569K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 5%
Fundraising cost ratio 2%
Revenue growth 131%
Accounting fee ratio 0.2%

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 · received and paid
Grants received · FY2024
Groundswell FundFY2024$164K
Resist INCFY2024$100K
If When HowFY2024$77K
Total grants receivedfrom 27 funders$3.1M
See all 27 funders →
Grants paid · 14 grants · $405K · 2020–2023
A Mother's ChoiceFY2023$106,661
Unitemized GrantFY2023$39,000
Healthconnect OneIL · FY2023$10,000
Black Mamas Matter AllianceGA · FY2023$10,000
Hispanics in PhilanthropyCA · FY2023$5,300
Unitemized GrantFY2023$5,000
A Mother's Choice MidwiferyFY2022$174,385
Unitemized GrantFY2021$29,790
Unitemized GrantFY2021$3,550
Unitemized GrantFY2021$3,133
Unitemized GrantFY2020$4,570
Unitemized GrantFY2020$2,363
Unitemized GrantFY2020$1,457

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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
FY2024 (Latest)$6.6M revenue · ⤓ 990 PDF
FY2023$3.3M revenue · ⤓ 990 PDF
FY2022$2.3M revenue · ⤓ 990 PDF
FY2021$752K revenue · viewing · ⤓ 990 PDF
FY2020$326K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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