The Circle Foundation INC FY2018 filing

Tax-deductible

Washington, DC501(c)(3)EIN 52-1760808Revenue $644K in FY2018

On file with the IRS700 Pennsylvania Ave Se 2083, 20003-2493 · Washington, DCTax-exempt since Aug 1992Publicly supported charity — 170(b)(1)(A)(vi)

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The foundation's primary tax-exempt purpose is to give the public a greater voice in the public policy process by seeking to discern public opinion on public policy and to communicate its findings to the policy community, academia and the press.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$8K 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

FY2018 · 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
4 of 7
filings with a surplus
Average surplus $437K a year · 43% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.6M
×86 of total assets
Concern: liabilities are 8600% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$644K
Spent
$931K
To programs
71%
Net assets
−$4.5M
By yearFY2018–FY2024
Revenue
$644K
FY2018
Tap a bar for its year
Revenue by fiscal year
FY2018$644K
FY2019$544K
FY2020$2.3M
FY2021$2.3M
FY2022$295K
FY2023$349K
FY2024$697K
Expenses
$931K
FY2018
Tap a bar for its year
Expenses by fiscal year
FY2018$931K
FY2019$600K
FY2020$411K
FY2021$510K
FY2022$651K
FY2023$255K
FY2024$659K
Net assets
−$4.5M
FY2018
Tap a bar for its year
Net assets by fiscal year
FY2018−$4.5M
FY2019−$4.6M
FY2020−$2.8M
FY2021−$1.3M
FY2022−$1.9M
FY2023−$1.5M
FY2024−$1.5M

From the FY2018 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2018 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 Aug 1992.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $663K Management & general 27% · $252K Fundraising 2% · $16K

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

6 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$7,800Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020FY2019FY2018
Steven G Kull$5,100$7,800$7,800$7,800$7,800

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
  • Loans to or from officersSch L · Pt II2 listed

Programs and updates

Discovers and shares public opinion on policy to inform decision-makers and the public.

Questions for The Circle Foundation INC

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Provided by the organization

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1 program · $663K · in their own filed words · FY2018
01

The foundation, through its alliance with the program for public consultation at the university of maryland, studies overt policy opinions and conducts nationwide polls, focus groups and interviews.

$663Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$110K
Grants paid · 3 grants · $342K · 2018–2020
Voice of the People INCDC · FY2020$50,000
Voice of the People INCDC · FY2019$129,600
Voice of the People INCDC · FY2018$162,000

By the numbers

The FY2018 990, line by line.

1The main four
Money inPt VIII
$644K
Ln 12
Gifts and grantsLn 1h$632K
Other incomeLn 4–11$12K
Investment incomeLn 3$7
Money outPt IX
$931K
Ln 25
Programscol B$663K
Managementcol C$252K
Fundraisingcol D$16K
Owns and owesPt X
−$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$54K
LiabilitiesLn 26$4.6M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$632K
Investment incomeLn 3$7
Other incomeLn 4–11$12K
Total revenueLn 12$644K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$0
Total assetsLn 16$54K
LiabilitiesLn 26$4.6M
Net assetsLn 32−$4.5M
OperationsPt I, VI
EmployeesI 55
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 FY18End FY18
Cash and savingsLn 1–2$69K$27K
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$78K$54K
LiabilitiesLn 26$4.3M$4.6M
Net assetsLn 32−$4.2M−$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$162K$162K
Pay of current officers, directors and key staffLn 5$8K$7K$390$390
Other salaries and wagesLn 7$158K$143K$8K$8K
Pension plan contributionsLn 8$7K$6K$351$351
Other employee benefitsLn 9$1K$1K$56$56
Payroll taxesLn 10$15K$13K$743$743
Legal feesLn 11b$2K$1K$464
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$54K$54K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$34K$26K$7K$2K
Information technologyLn 14$18K$18K
TravelLn 17$13K$13K$55
Conferences, conventions and meetingsLn 19$780$780
InterestLn 20$389K$195K$195K
Depreciation, depletion and amortizationLn 22$69$69
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$54K$35K$14K$5K
All other expensesLn 24e$4K$75$4K
Total functional expensesLn 25$931K$663K$252K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $697K$659K$38K−$1.5M 990 PDF
FY2023 $349K$255K$94K−$1.5M 990 PDF
FY2022 $295K$651K−$356K−$1.9M 990 PDF
FY2021 $2.3M$510K$1.8M−$1.3M 990 PDF
FY2020 $2.3M$411K$1.9M−$2.8M 990 PDF
FY2019 $544K$600K−$56K−$4.6M 990 PDF
FY2018 Viewing $644K$931K−$287K−$4.5M 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 FY2018 990 (6 parts)
Part I · Summary $643,944 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $95,000$631,894
I-9 Program service revenuePrior year $28$0
I-10 Investment incomePrior year $12$7
I-11 Other revenuePrior year $21,188$12,043
I-12 Total revenuePrior year $116,228$643,944
I-13 Grants and similar amounts paidPrior year $251,000$162,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $242,828$189,292
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $116,313$579,868
I-18 Total expensesPrior year $610,141$931,160
I-19 Revenue less expensesPrior year −$493,913−$287,216
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $643,944 across 5 lines filed
VIII-1f All other contributions, gifts and grants$631,894
VIII-1h Total contributions, gifts and grants$631,894
VIII-3 Investment incomeExcluded from tax $7$7
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,043$12,043
VIII-12 Total revenueRelated to mission $12,043 · Unrelated business $0 · Excluded from tax $7$643,944
Part IX · Statement of functional expenses $931,160 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $162,000$162,000
IX-5 Pay of current officers, directors and key staffPrograms $7,020 · Management $390 · Fundraising $390$7,800
IX-7 Other salaries and wagesPrograms $142,646 · Management $7,925 · Fundraising $7,925$158,496
IX-8 Pension plan contributionsPrograms $6,318 · Management $351 · Fundraising $351$7,020
IX-9 Other employee benefitsPrograms $1,005 · Management $56 · Fundraising $56$1,117
IX-10 Payroll taxesPrograms $13,373 · Management $743 · Fundraising $743$14,859
IX-11b Legal feesPrograms $1,392 · Management $464$1,856
IX-11c Accounting feesManagement $1,545$1,545
IX-11g Other fees for servicesPrograms $54,000$54,000
IX-12 Advertising and promotionPrograms $6,074$6,074
IX-13 Office expensesPrograms $26,061 · Management $6,517 · Fundraising $1,653$34,231
IX-14 Information technologyManagement $18,101$18,101
IX-17 TravelPrograms $12,763 · Management $55$12,818
IX-19 Conferences, conventions and meetingsPrograms $780$780
IX-20 InterestPrograms $194,577 · Management $194,577$389,154
IX-22 Depreciation, depletion and amortizationManagement $69$69
IX-23 InsuranceManagement $3,426$3,426
IX-24 Other expenses (24a–d)Programs $35,393 · Management $13,532 · Fundraising $4,692$53,617
IX-24e All other expensesPrograms $75 · Management $4,122$4,197
IX-25 Total functional expensesPrograms $663,477 · Management $251,873 · Fundraising $15,810$931,160
Part X · Balance sheet $53,832 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $69,184$26,668
X-4 Accounts receivableStart of year $1,250$26,100
X-10c Land, buildings and equipment, netStart of year $1,133$1,064
X-15 Other assetsStart of year $6,877$0
X-16 Total assetsStart of year $78,444$53,832
X-17 Accounts payable and accrued expensesStart of year −$118,174$0
X-24 Unsecured notes and loans payableStart of year $503,024$503,024
X-25 Other liabilitiesStart of year $0$6,071
X-26 Total liabilitiesStart of year $4,301,071$4,563,676
X-32 Total net assets or fund balancesStart of year −$4,222,627−$4,509,844
X-33 Total liabilities and net assetsStart of year $78,444$53,832
Part XI · Reconciliation of net assets −$4,509,844 net assets at year end
XI-1 Total revenue$643,944
XI-2 Total expenses$931,160
XI-3 Revenue less expenses−$287,216
XI-4 Net assets at start of year−$4,222,627
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year−$4,509,844

Form 990 e-file (XML) FY2018 from the IRS · Classification, formation year and address from the IRS Business Master File

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