Sarahs Circle INC FY2020 filing

Tax-deductible

Washington, DC501(c)(3)EIN 52-1338101Revenue $220K in FY2020

On file with the IRSsarahscircle.org1606 17th St Nw FL 1, 20009-2591 · Washington, DCTax-exempt since Jul 1984Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$243K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$243K
to officers and key staff · 67% of spending
Concern: pay to officers and key staff is 67% of spending; over 30%.
Pt VII · Sec A
Cash reserves
42 mo
of spending, in cash
Looks good: 42.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
34
named funders · $546K
Looks good: 34 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$19K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$220K
Spent
$365K
To programs
96%
Net assets
$4.8M
By yearFY2020–FY2024
Revenue
$220K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$220K
FY2021$261K
FY2022$245K
FY2023$180K
FY2024$121K
Expenses
$365K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$365K
FY2021$218K
FY2022$233K
FY2023$101K
FY2024$168K
Net assets
$4.8M
FY2020
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 FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $351K Management & general 1% · $4K Fundraising 3% · $11K

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

20 people listed on the 990; $243K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$243,455Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

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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 15aYes

Programs and updates

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

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Provided by the organization

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2 programs · $351K · in their own filed words · FY2020
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.

$311Kprogram 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.

$40Kprogram 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
See all 34 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$220K
Ln 12
Gifts and grantsLn 1h$135K
Investment incomeLn 3$83K
Other incomeLn 4–11$2K
Money outPt IX
$365K
Ln 25
Programscol B$351K
Managementcol C$4K
Fundraisingcol D$11K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$4.9M
LiabilitiesLn 26$19K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$135K
Investment incomeLn 3$83K
Other incomeLn 4–11$2K
Total revenueLn 12$220K
Assets in detailPt X, end of year
CashLn 1$275K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.3M
Other assetsLn 15$4K
Total assetsLn 16$4.9M
LiabilitiesLn 26$19K
Net assetsLn 32$4.8M
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 FY20End FY20
Cash and savingsLn 1–2$1.2M$1.3M
Total assetsLn 16$5.2M$4.9M
LiabilitiesLn 26$177K$19K
Net assetsLn 32$5.0M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$243K$234K$2K$7K
Other salaries and wagesLn 7$31K$30K$310$930
Other fees for servicesLn 11g$57K$54K$565$2K
Advertising and promotionLn 12$722$693$7$22
Office expensesLn 13$9K$9K$92$277
OccupancyLn 16$947$909$9$29
Depreciation, depletion and amortizationLn 22$833$833
InsuranceLn 23$8K$7K$75$225
Other expenses (24a–d)Ln 24$15K$14K$146$438
All other expensesLn 24e$455$438$5$12
Total functional expensesLn 25$365K$351K$4K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $121K$168K−$47K$4.9M 990 PDF
FY2023 $180K$101K$79K$5.0M 990 PDF
FY2022 $245K$233K$12K$4.9M 990 PDF
FY2021 $261K$218K$43K$4.9M 990 PDF
FY2020 Viewing $220K$365K−$146K$4.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $219,691 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,950$135,445
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,874$82,516
I-11 Other revenuePrior year $34,755$1,730
I-12 Total revenuePrior year $59,579$219,691
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 $46,295$274,441
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,140$90,783
I-18 Total expensesPrior year $60,435$365,224
I-19 Revenue less expensesPrior year −$856−$145,533
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $219,691 across 5 lines filed
VIII-1f All other contributions, gifts and grants$135,445
VIII-1h Total contributions, gifts and grants$135,445
VIII-3 Investment incomeExcluded from tax $82,516$82,516
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,730$1,730
VIII-12 Total revenueRelated to mission $1,730 · Unrelated business $0 · Excluded from tax $82,516$219,691
Part IX · Statement of functional expenses $365,224 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $233,717 · Management $2,434 · Fundraising $7,304$243,455
IX-7 Other salaries and wagesPrograms $29,746 · Management $310 · Fundraising $930$30,986
IX-11g Other fees for servicesPrograms $54,247 · Management $565 · Fundraising $1,695$56,507
IX-12 Advertising and promotionPrograms $693 · Management $7 · Fundraising $22$722
IX-13 Office expensesPrograms $8,865 · Management $92 · Fundraising $277$9,234
IX-16 OccupancyPrograms $909 · Management $9 · Fundraising $29$947
IX-22 Depreciation, depletion and amortizationPrograms $833$833
IX-23 InsurancePrograms $7,200 · Management $75 · Fundraising $225$7,500
IX-24 Other expenses (24a–d)Programs $14,001 · Management $146 · Fundraising $438$14,585
IX-24e All other expensesPrograms $438 · Management $5 · Fundraising $12$455
IX-25 Total functional expensesPrograms $350,649 · Management $3,643 · Fundraising $10,932$365,224
Part X · Balance sheet $4,854,781 assets, 11 lines filed
Asset lines not itemized here account for $2,788,860; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $157,110$274,889
X-2 Savings and temporary cash investmentsStart of year $1,005,588$1,006,869
X-4 Accounts receivableStart of year $1,282,083$779,996
X-15 Other assetsStart of year $0$4,167
X-16 Total assetsStart of year $5,159,089$4,854,781
X-17 Accounts payable and accrued expensesStart of year $2,494$16,758
X-25 Other liabilitiesStart of year $175,000$1,960
X-26 Total liabilitiesStart of year $177,494$18,718
X-27 Net assets without donor restrictionsStart of year $4,981,595$4,836,063
X-32 Total net assets or fund balancesStart of year $4,981,595$4,836,063
X-33 Total liabilities and net assetsStart of year $5,159,089$4,854,781
Part XI · Reconciliation of net assets $4,836,063 net assets at year end
XI-1 Total revenue$219,691
XI-2 Total expenses$365,224
XI-3 Revenue less expenses−$145,533
XI-4 Net assets at start of year$4,981,595
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,836,063

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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