Circle INC FY2021 filing

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Seneca academy fosters childrens natural curiosity and ignites a love of learning through a collaborative, inquiry-based program in a dynamic and welcoming community.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$145K 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $106K a year · 5% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
69%
of spending
69% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$145K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
6.9 mo
of spending, in cash
6.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$4.9M
89% of total assets
Liabilities are 89% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.6M
Spent
$1.5M
To programs
69%
Net assets
$588K
By yearFY2021–FY2025
Revenue
$1.6M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2023$2.6M
FY2024$2.1M
FY2025$2.6M
Expenses
$1.5M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.5M
FY2023$2.1M
FY2024$2.3M
FY2025$2.5M
Net assets
$588K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$588K
FY2023$1.5M
FY2024$1.3M
FY2025$1.3M

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

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 Sep 1984.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $1.0M Management & general 30% · $453K Fundraising 0% · $2K

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

15 people listed on the 990; $145K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$102,134Pt VII · Sec A
Faculty Representative
$42,625Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Parker’s $148K as Head of School is at the 63rd percentile of top reported officer pay among 3395 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2021
Michelle Parker$148,427$149,675$126,854$102,134
Sue Ann Salimbene$50,912—$52,677$42,625

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 INC 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

Nurtures students' growth through engaging, inquiry-based education.

Questions for Circle INC

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

1 program · $1.0M · in their own filed words · FY2020
01

Circle inc., doing business as seneca academy, provided education for students in pre-school, kindgergarten, and elementary through fifth grade. The academy's enrollment for the academic year ended june 30, 2021 was 92.

$1.0Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.2M
Gifts and grantsLn 1h$417K
Investment incomeLn 3$475
Money outPt IX
$1.5M
Ln 25
Programscol B$1.0M
Managementcol C$453K
Fundraisingcol D$2K
Owns and owesPt X
$588K
net assets · Ln 32
Cash and savingsLn 1–2$860K
Total assetsLn 16$5.5M
LiabilitiesLn 26$4.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$417K
Government grantsLn 1e$201K
Noncash giftsLn 1g$13K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$475
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$161K
SavingsLn 2$699K
Cash and savings togetherLn 1–2$860K
Accounts receivableLn 4$1.2M
Prepaid expenses and deferred chargesLn 9$19K
Land, buildings, equipmentLn 10c$3.4M
Total assetsLn 16$5.5M
LiabilitiesLn 26$4.9M
Net assetsLn 32$588K
OperationsPt I, VI
EmployeesI 553
VolunteersI 635
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$250K$860K
Land, buildings, equipmentLn 10c$3.5M$3.4M
Total assetsLn 16$4.3M$5.5M
LiabilitiesLn 26$3.8M$4.9M
Net assetsLn 32$475K$588K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$157K$113K$44K$240
Other salaries and wagesLn 7$723K$521K$201K$1K
Other employee benefitsLn 9$13K$9K$3K$128
Payroll taxesLn 10$68K$49K$19K$103
Legal feesLn 11b$8K$0$8K$0
Accounting feesLn 11c$12K$0$12K$0
Other fees for servicesLn 11g$16K$15K$710$0
Advertising and promotionLn 12$5K$0$5K$0
OccupancyLn 16$43K$31K$12K$64
TravelLn 17$277$277$0$0
InterestLn 20$172K$124K$48K$0
Depreciation, depletion and amortizationLn 22$91K$65K$25K$136
InsuranceLn 23$25K$18K$7K$0
Other expenses (24a–d)Ln 24$130K$69K$61K$45
All other expensesLn 24e$25K$19K$6K$39
Total functional expensesLn 25$1.5M$1.0M$453K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 28, 2026 $2.6M$2.5M$43K$1.3M 990 PDF
FY2024Filed with the IRS Feb 13, 2025 $2.1M$2.3M−$184K$1.3M 990 PDF
FY2023Filed with the IRS Dec 1, 2023 $2.6M$2.1M$452K$1.5M 990 PDF
FY2022 Not on file
FY2021 ViewingFiled with the IRS Oct 7, 2021 $1.6M$1.5M$112K$588K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $1,601,043 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $121,929$417,416
I-9 Program service revenuePrior year $1,319,228$1,183,152
I-10 Investment incomePrior year $2,123$475
I-11 Other revenue$0
I-12 Total revenuePrior year $1,443,280$1,601,043
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $925,625$961,762
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $524,563$526,807
I-18 Total expensesPrior year $1,450,188$1,488,569
I-19 Revenue less expensesPrior year −$6,908$112,474
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,601,043 across 8 lines filed
VIII-1b Membership dues$8,900
VIII-1e Government grants$201,000
VIII-1f All other contributions, gifts and grants$207,516
VIII-1g Noncash contributions (included above)$13,012
VIII-1h Total contributions, gifts and grants$417,416
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,183,152
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $475$475
VIII-12 Total revenueRelated to mission $1,183,152 · Unrelated business $0 · Excluded from tax $475$1,601,043
Part IX · Statement of functional expenses $1,488,569 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $113,092 · Management $43,740 · Fundraising $240$157,072
IX-7 Other salaries and wagesPrograms $520,901 · Management $201,487 · Fundraising $1,085$723,473
IX-9 Other employee benefitsPrograms $9,232 · Management $3,462 · Fundraising $128$12,822
IX-10 Payroll taxesPrograms $49,244 · Management $19,048 · Fundraising $103$68,395
IX-11b Legal feesPrograms $0 · Management $7,990 · Fundraising $0$7,990
IX-11c Accounting feesPrograms $0 · Management $12,200 · Fundraising $0$12,200
IX-11g Other fees for servicesPrograms $15,078 · Management $710 · Fundraising $0$15,788
IX-12 Advertising and promotionPrograms $0 · Management $4,643 · Fundraising $0$4,643
IX-16 OccupancyPrograms $30,891 · Management $11,949 · Fundraising $64$42,904
IX-17 TravelPrograms $277 · Management $0 · Fundraising $0$277
IX-20 InterestPrograms $124,126 · Management $48,272 · Fundraising $0$172,398
IX-22 Depreciation, depletion and amortizationPrograms $65,424 · Management $25,307 · Fundraising $136$90,867
IX-23 InsurancePrograms $17,868 · Management $6,949 · Fundraising $0$24,817
IX-24 Other expenses (24a–d)Programs $68,879 · Management $60,792 · Fundraising $45$129,716
IX-24e All other expensesPrograms $18,670 · Management $6,498 · Fundraising $39$25,207
IX-25 Total functional expensesPrograms $1,033,682 · Management $453,047 · Fundraising $1,840$1,488,569
Part X · Balance sheet $5,477,746 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $186,832$161,185
X-2 Savings and temporary cash investmentsStart of year $63,514$699,269
X-4 Accounts receivableStart of year $570,601$1,195,632
X-9 Prepaid expenses and deferred chargesStart of year $5,770$18,625
X-10c Land, buildings and equipment, netStart of year $3,483,991$3,403,035
X-16 Total assetsStart of year $4,310,708$5,477,746
X-17 Accounts payable and accrued expensesStart of year $24,341$32,950
X-19 Deferred revenueStart of year $651,257$1,722,288
X-23 Secured mortgages and notes payableStart of year $2,932,087$2,915,569
X-24 Unsecured notes and loans payableStart of year $201,000$199,750
X-25 Other liabilitiesStart of year $26,745$19,437
X-26 Total liabilitiesStart of year $3,835,430$4,889,994
X-27 Net assets without donor restrictionsStart of year $475,278$587,752
X-32 Total net assets or fund balancesStart of year $475,278$587,752
X-33 Total liabilities and net assetsStart of year $4,310,708$5,477,746
Part XI · Reconciliation of net assets $587,752 net assets at year end
XI-1 Total revenue$1,601,043
XI-2 Total expenses$1,488,569
XI-3 Revenue less expenses$112,474
XI-4 Net assets at start of year$475,278
XI-10 Net assets at end of year$587,752

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

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