Circle INC FY2023 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.
$180K 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

FY2023 · 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
$180K
to officers and key staff · 9% of spending
Pay to officers and key staff is 9% 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
$4.2M
74% of total assets
Liabilities are 74% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.6M
+60% vs prior year
Spent
$2.1M
To programs
69%
Net assets
$1.5M
By yearFY2021–FY2025
Revenue
$2.6M
FY2023▲ +60%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2023$2.6M
FY2024$2.1M
FY2025$2.6M
Expenses
$2.1M
FY2023▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.5M
FY2023$2.1M
FY2024$2.3M
FY2025$2.5M
Net assets
$1.5M
FY2023▲ +153%
Tap a bar for its year
Net assets by fiscal year
FY2021$588K
FY2023$1.5M
FY2024$1.3M
FY2025$1.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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% · $1.5M Management & general 31% · $645K Fundraising 0% · $3K

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

16 people listed on the 990; $180K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of School
$126,854Pt VII · Sec A
Faculty Representative
$52,677Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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.

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

1 program · $1.5M · in their own filed words · FY2022
01

Circle inc., doing business as seneca academy, provided education for students in pre-school, kindergarten, and elementary through sixth grade. The academy's enrollment for the academic year ended june 30, 2023 was 168.

$1.5Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$344K
Investment incomeLn 3$52K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.5M
Managementcol C$645K
Fundraisingcol D$3K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$5.7M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
16
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$344K
Government grantsLn 1e$265K
Fundraising eventsLn 1c$9K
Fees for servicesLn 2g$2.2M
Investment incomeLn 3$52K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$50K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.2M
Accounts receivableLn 4$956K
Prepaid expenses and deferred chargesLn 9$26K
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$23K
Total assetsLn 16$5.7M
LiabilitiesLn 26$4.2M
Net assetsLn 32$1.5M
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 FY23End FY23
Cash and savingsLn 1–2$1.1M$1.2M
Land, buildings, equipmentLn 10c$3.3M$3.5M
Total assetsLn 16$5.8M$5.7M
LiabilitiesLn 26$4.8M$4.2M
Net assetsLn 32$1.0M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$203K$146K$56K$303
Other salaries and wagesLn 7$1.1M$789K$305K$2K
Other employee benefitsLn 9$31K$22K$8K$309
Payroll taxesLn 10$104K$75K$29K$156
Legal feesLn 11b$2K$0$2K$0
Accounting feesLn 11c$38K$0$38K$0
Other fees for servicesLn 11g$36K$34K$2K$0
Advertising and promotionLn 12$13K$0$13K$0
Office expensesLn 13$3K$1K$2K$0
OccupancyLn 16$64K$46K$18K$96
TravelLn 17$2K$2K$0$0
Conferences, conventions and meetingsLn 19$510$367$143$0
InterestLn 20$163K$118K$46K$0
Depreciation, depletion and amortizationLn 22$95K$68K$26K$142
InsuranceLn 23$29K$21K$8K$0
Other expenses (24a–d)Ln 24$173K$111K$62K$110
All other expensesLn 24e$60K$30K$29K$626
Total functional expensesLn 25$2.1M$1.5M$645K$3K

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
FY2023 ViewingFiled with the IRS Dec 1, 2023 $2.6M$2.1M$452K$1.5M 990 PDF
FY2022 Not on file
FY2021Filed 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 FY2023 990
Part I · Summary $2,563,899 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $347,324$343,880
I-9 Program service revenuePrior year $1,983,142$2,171,074
I-10 Investment incomePrior year $3,588$52,001
I-11 Other revenue−$3,056
I-12 Total revenuePrior year $2,334,054$2,563,899
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,297,963$1,433,386
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $587,440$678,061
I-18 Total expensesPrior year $1,885,403$2,111,447
I-19 Revenue less expensesPrior year $448,651$452,452
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $2,563,899 across 9 lines filed
VIII-1b Membership dues$7,140
VIII-1c Fundraising events$8,615
VIII-1e Government grants$264,989
VIII-1f All other contributions, gifts and grants$63,136
VIII-1h Total contributions, gifts and grants$343,880
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$2,171,074
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $52,001$52,001
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$3,056−$3,056
VIII-12 Total revenueRelated to mission $2,171,074 · Unrelated business $0 · Excluded from tax $48,945$2,563,899
Part IX · Statement of functional expenses $2,111,447 across 17 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $145,998 · Management $56,473 · Fundraising $303$202,774
IX-7 Other salaries and wagesPrograms $788,677 · Management $305,065 · Fundraising $1,643$1,095,385
IX-9 Other employee benefitsPrograms $22,248 · Management $8,343 · Fundraising $309$30,900
IX-10 Payroll taxesPrograms $75,116 · Management $29,055 · Fundraising $156$104,327
IX-11b Legal feesPrograms $0 · Management $2,364 · Fundraising $0$2,364
IX-11c Accounting feesPrograms $0 · Management $38,249 · Fundraising $0$38,249
IX-11g Other fees for servicesPrograms $34,468 · Management $1,624 · Fundraising $0$36,092
IX-12 Advertising and promotionPrograms $0 · Management $12,580 · Fundraising $0$12,580
IX-13 Office expensesPrograms $1,142 · Management $1,585 · Fundraising $0$2,727
IX-16 OccupancyPrograms $45,917 · Management $17,761 · Fundraising $96$63,774
IX-17 TravelPrograms $1,844 · Management $0 · Fundraising $0$1,844
IX-19 Conferences, conventions and meetingsPrograms $367 · Management $143 · Fundraising $0$510
IX-20 InterestPrograms $117,584 · Management $45,727 · Fundraising $0$163,311
IX-22 Depreciation, depletion and amortizationPrograms $68,121 · Management $26,349 · Fundraising $142$94,612
IX-23 InsurancePrograms $20,925 · Management $8,138 · Fundraising $0$29,063
IX-24 Other expenses (24a–d)Programs $110,884 · Management $62,378 · Fundraising $110$173,372
IX-24e All other expensesPrograms $29,679 · Management $29,258 · Fundraising $626$59,563
IX-25 Total functional expensesPrograms $1,462,970 · Management $645,092 · Fundraising $3,385$2,111,447
Part X · Balance sheet $5,697,496 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $124,950$49,979
X-2 Savings and temporary cash investmentsStart of year $980,715$1,172,013
X-4 Accounts receivableStart of year $1,311,656$956,311
X-9 Prepaid expenses and deferred chargesStart of year $44,873$26,249
X-10c Land, buildings and equipment, netStart of year $3,335,709$3,469,935
X-15 Other assetsStart of year $28,761$23,009
X-16 Total assetsStart of year $5,826,664$5,697,496
X-17 Accounts payable and accrued expensesStart of year $28,976$63,066
X-19 Deferred revenueStart of year $1,897,001$1,395,722
X-23 Secured mortgages and notes payableStart of year $2,823,662$2,722,901
X-25 Other liabilitiesStart of year $40,622$26,952
X-26 Total liabilitiesStart of year $4,790,261$4,208,641
X-27 Net assets without donor restrictionsStart of year $1,036,403$1,488,855
X-32 Total net assets or fund balancesStart of year $1,036,403$1,488,855
X-33 Total liabilities and net assetsStart of year $5,826,664$5,697,496
Part XI · Reconciliation of net assets $1,488,855 net assets at year end
XI-1 Total revenue$2,563,899
XI-2 Total expenses$2,111,447
XI-3 Revenue less expenses$452,452
XI-4 Net assets at start of year$1,036,403
XI-10 Net assets at end of year$1,488,855

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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