Sarahs Circle INC

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To create and sustain a residental community that empowers elderly persons of limited means

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1338101) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$117K 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

FY2024 · 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
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $12K a year · 6% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
96% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$117K
to officers and key staff · 70% of spending
Pay to officers and key staff is 70% of spending.
Part VII, Section A
74.5 mo
of spending, in cash
74.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
34
named funders · $546K
34 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
16 of 16 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$121K
-33% vs prior year
Spent
$168K
To programs
96%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$121K
FY2024▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2020$220K
FY2021$261K
FY2022$245K
FY2023$180K
FY2024$121K
Expenses
$168K
FY2024▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2020$365K
FY2021$218K
FY2022$233K
FY2023$101K
FY2024$168K
Net assets
$4.9M
FY2024▼ -0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$4.9M
FY2022$4.9M
FY2023$5.0M
FY2024$4.9M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1984.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $161K Management & general 1% · $2K Fundraising 3% · $5K

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

12 people listed on the 990; $117K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$116,687Pt 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
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Jessica Petro—$175,459$145,200$243,455
Linwood Cole$116,687———

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 Sarahs 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

Provides housing and support for low-income seniors to live independently.

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2 programs · $161K · in their own filed words · FY2024
01

Housing

The organization is the majority owner of the managing member of a property that leases apartments at below market rate to persons of limited means. The organization participates in and supervises management of the property.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1338101) · Dispute this line
$161Kprogram expense
02

Senior Services and Activities

The organization, with the participation of senior citizens, provides and arranges for education, cultural nutrional, and health activities for apartment residents and neighborhood senior citizens.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 52-1338101) · Dispute this line
Pt IX · Ln 25 · col B

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
See all 34 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$121K
Ln 12
Investment incomeLn 3$75K
Gifts and grantsLn 1h$35K
Other incomeLn 4–11$10K
Money outPt IX
$168K
Ln 25
Programscol B$161K
Managementcol C$2K
Fundraisingcol D$5K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Investment incomeLn 3$75K
Other incomeLn 4–11$10K
Total revenueLn 12$121K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
Accounts receivableLn 4$780K
Notes and loans receivableLn 7$3.1M
Total assetsLn 16$4.9M
LiabilitiesLn 26$0
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.2M$1.0M
Total assetsLn 16$5.0M$4.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.0M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$117K$112K$1K$4K
Payroll taxesLn 10$11K$11K$110$330
Other fees for servicesLn 11g$22K$21K$222$667
Advertising and promotionLn 12$1K$1K$13$40
Office expensesLn 13$34$33$1
InsuranceLn 23$7K$7K$69$207
Other expenses (24a–d)Ln 24$9K$9K$93$278
All other expensesLn 24e$171$163$3$5
Total functional expensesLn 25$168K$161K$2K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $121K$168K−$47K$4.9M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $180K$101K$79K$5.0M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $245K$233K$12K$4.9M 990 PDF
FY2021Filed with the IRS Sep 30, 2022 $261K$218K$43K$4.9M 990 PDF
FY2020Filed with the IRS Jul 22, 2021 $220K$365K−$146K$4.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $120,762 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $104,116$34,829
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $75,608$75,447
I-11 Other revenuePrior year $0$10,486
I-12 Total revenuePrior year $179,724$120,762
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $77,133$127,686
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,625$39,944
I-18 Total expensesPrior year $100,758$167,630
I-19 Revenue less expensesPrior year $78,966−$46,868
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $120,762 across 5 lines filed
VIII-1f All other contributions, gifts and grants$34,829
VIII-1h Total contributions, gifts and grants$34,829
VIII-3 Investment incomeExcluded from tax $75,447$75,447
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,486$10,486
VIII-12 Total revenueRelated to mission $10,486 · Unrelated business $0 · Excluded from tax $75,447$120,762
Part IX · Statement of functional expenses $167,630 across 8 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $112,020 · Management $1,167 · Fundraising $3,501$116,688
IX-10 Payroll taxesPrograms $10,558 · Management $110 · Fundraising $330$10,998
IX-11g Other fees for servicesPrograms $21,388 · Management $222 · Fundraising $667$22,277
IX-12 Advertising and promotionPrograms $1,268 · Management $13 · Fundraising $40$1,321
IX-13 Office expensesPrograms $33 · Fundraising $1$34
IX-23 InsurancePrograms $6,620 · Management $69 · Fundraising $207$6,896
IX-24 Other expenses (24a–d)Programs $8,874 · Management $93 · Fundraising $278$9,245
IX-24e All other expensesPrograms $163 · Management $3 · Fundraising $5$171
IX-25 Total functional expensesPrograms $160,924 · Management $1,677 · Fundraising $5,029$167,630
Part X · Balance sheet $4,928,493 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $137,714$6,763
X-2 Savings and temporary cash investmentsStart of year $1,018,469$1,033,632
X-4 Accounts receivableStart of year $779,996$779,996
X-7 Notes and loans receivableStart of year $3,033,402$3,108,102
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $4,969,581$4,928,493
X-17 Accounts payable and accrued expensesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $4,969,581$4,928,493
X-32 Total net assets or fund balancesStart of year $4,969,581$4,928,493
X-33 Total liabilities and net assetsStart of year $4,969,581$4,928,493
Part XI · Reconciliation of net assets $4,928,493 net assets at year end
XI-1 Total revenue$120,762
XI-2 Total expenses$167,630
XI-3 Revenue less expenses−$46,868
XI-4 Net assets at start of year$4,969,581
XI-8 Prior period adjustments$5,780
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,928,493

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

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