The Circle for Children INC: Nonprofit Profile, Financials & Form 990 (EIN 58-6038374)

Revenue by fiscal year
FY2020	$163K
FY2021	$230K
FY2022	$162K
FY2023	$193K
FY2024	$188K
FY2025	$303K

Expenses by fiscal year
FY2020	$108K
FY2021	$121K
FY2022	$148K
FY2023	$152K
FY2024	$200K
FY2025	$188K

Net assets by fiscal year
FY2020	$564K
FY2021	$673K
FY2022	$572K
FY2023	$591K
FY2024	$633K
FY2025	$783K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1953.

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

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $173K Management & general 8% · $14K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Pat Iaffaldano

President Elect

$0Pt VII · Sec A

Cindy Formica

Treasurer

$0Pt VII · Sec A

Heather Rees

Director

$0Pt VII · Sec A

Betts Fisher

Director

$0Pt VII · Sec A

Danielle Houret-Lam

Director

$0Pt VII · Sec A

Kimberly Johnson

Director

$0Pt VII · Sec A

Elaine Lamontagne

Director

$0Pt VII · Sec A

Jennifer Johnson

Director

$0Pt VII · Sec A

See The Circle for Children INC executive salaries →

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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 15aNo

Programs and updates

Supports children's education, welfare, aid, and encouragement in Georgia.

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Provided by the organization

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3 programs · $173K · in their own filed words · FY2024

01

Donations to city of refuge.

$120Kprogram expense

02

Providing scholarships to various colleges & universities for economically disavantaged young adults.

$38Kprogram expense

03

Meetings

$16Kprogram 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 · FY2024

Fidelity Investments Charitable Gift FundFY2024$109K

Total grants receivedfrom 1 funder$109K

Grants paid · 45 grants · $745K · 2019–2024

City of Refuge INCGA · FY2024$120,000

Unitemized GrantFY2024$10,500

Unitemized GrantFY2024$7,000

Unitemized GrantFY2024$6,000

Unitemized GrantFY2024$3,500

City of Refuge INCGA · FY2023$130,000

Unitemized GrantFY2023$10,500

Unitemized GrantFY2023$7,000

Unitemized GrantFY2023$3,500

City of Refuge INCGA · FY2022$90,000

Unitemized GrantFY2022$10,000

Unitemized GrantFY2022$6,500

Unitemized GrantFY2022$5,200

See all 45 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$303K

Ln 12

Gifts and grantsLn 1h$157K

Other incomeLn 4–11$87K

Investment incomeLn 3$47K

Money outPt IX

$188K

Ln 25

Programscol B$173K

Managementcol C$14K

Owns and owesPt X

$783K

net assets · Ln 32

Cash and savingsLn 1–2$82K

Total assetsLn 16$783K

LiabilitiesLn 26$0

PeoplePt VI, VII

19

listed · VII A

PaidVII A0

Voting boardVI 1a19

IndependentVI 1b19

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$157K

Fundraising eventsLn 1c$10K

Fees for servicesLn 2g$13K

Investment incomeLn 3$47K

Other incomeLn 4–11$87K

Total revenueLn 12$303K

Assets in detailPt X, end of year

CashLn 1$82K

Cash and savings togetherLn 1–2$82K

InvestmentsLn 11–13$700K

Total assetsLn 16$783K

LiabilitiesLn 26$0

Net assetsLn 32$783K

OperationsPt I, VI

EmployeesI 50

VolunteersI 6120

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$29K	$82K
InvestmentsLn 11–13	$603K	$700K
Total assetsLn 16	$633K	$783K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$633K	$783K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$120K	$120K
Grants to domestic individualsLn 2	$38K	$38K
Accounting feesLn 11c	$5K		$5K
Investment management feesLn 11f	$7K		$7K
Conferences, conventions and meetingsLn 19	$16K	$16K
Other expenses (24a–d)Ln 24	$3K		$3K
Total functional expensesLn 25	$188K	$173K	$14K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$303K	$188K	$115K	$783K	990 PDF
FY2024	$188K	$200K	−$12K	$633K	990 PDF
FY2023	$193K	$152K	$41K	$591K	990 PDF
FY2022	$162K	$148K	$14K	$572K	990 PDF
FY2021	$230K	$121K	$109K	$673K	990 PDF
FY2020	$163K	$108K	$55K	$564K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $303,007 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $46,379$156,879

I-9 Program service revenuePrior year $16,380$12,714

I-10 Investment incomePrior year $14,829$46,643

I-11 Other revenuePrior year $110,299$86,771

I-12 Total revenuePrior year $187,887$303,007

I-13 Grants and similar amounts paidPrior year $165,000$157,500

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $34,544$30,090

I-18 Total expensesPrior year $199,544$187,590

I-19 Revenue less expensesPrior year −$11,657$115,417

Part VI · Governance 19 of 19 board members independent, 4 to look at

VI-1a Voting members of the governing body19

VI-1b Independent voting members19

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $303,007 across 8 lines filed

VIII-1b Membership dues$15,380

VIII-1c Fundraising events$10,064

VIII-1f All other contributions, gifts and grants$131,435

VIII-1h Total contributions, gifts and grants$156,879

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,714$12,714

VIII-3 Investment incomeExcluded from tax $46,643$46,643

VIII-8 Net income from fundraising eventsExcluded from tax $86,771$86,771

VIII-12 Total revenueRelated to mission $12,714 · Unrelated business $0 · Excluded from tax $133,414$303,007

Part IX · Statement of functional expenses $187,590 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $120,000$120,000

IX-2 Grants to domestic individualsPrograms $37,500$37,500

IX-11c Accounting feesManagement $4,660$4,660

IX-11f Investment management feesManagement $6,590$6,590

IX-19 Conferences, conventions and meetingsPrograms $15,826$15,826

IX-24 Other expenses (24a–d)Management $3,014$3,014

IX-25 Total functional expensesPrograms $173,326 · Management $14,264 · Fundraising $0$187,590

Part X · Balance sheet $782,598 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $29,297$82,192

X-11 Publicly traded securitiesStart of year $603,024$700,406

X-16 Total assetsStart of year $632,571$782,598

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $21,726$42,590

X-28 Net assets with donor restrictionsStart of year $610,845$740,008

X-32 Total net assets or fund balancesStart of year $632,571$782,598

X-33 Total liabilities and net assetsStart of year $632,571$782,598

Part XI · Reconciliation of net assets $782,598 net assets at year end

XI-1 Total revenue$303,007

XI-2 Total expenses$187,590

XI-3 Revenue less expenses$115,417

XI-4 Net assets at start of year$632,571

XI-5 Net unrealized gains (losses) on investments$34,610

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$782,598

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Circle for Children INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Circle for Children INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV