Through excellence in academic instruction and character development, Circle City prep ensures all k-8 students are ambitious, powerful learners and responsible, positive leaders on a path to college and a life of opportunity.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$137K 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $249K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$137K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $735K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$232K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
Spent
$2.1M
To programs
76%
Net assets
$633K
By yearFY2020–FY2025
Revenue
$2.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.8M
FY2022$4.6M
FY2023$5.5M
FY2024$6.2M
FY2025$6.5M
Expenses
$2.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.8M
FY2022$4.2M
FY2023$4.9M
FY2024$5.7M
FY2025$6.9M
Net assets
$633K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$633K
FY2021$665K
FY2022$1.0M
FY2023$1.6M
FY2024$2.1M
FY2025$1.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Apr 2016.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.6M Management & general 24% · $512K

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

13 people listed on the 990; $137K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$87,172Pt VII · Sec A
Director of Operations
$49,971Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Megan Murphy’s $141K as Head of School is at the 60th 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Megan Murphy$141,431$138,925$137,531$114,707$107,976$87,172
Courtney Eckerle$64,932$70,111$105,008$59,145$60,693$49,971
Samantha Hyde$94,264—————
Alise Dalstrom$85,387—————

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 City Preparatory 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 15aYes

Programs and updates

Empowers K-8 students with academic instruction and character development for college and opportunity.

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2019
01

Managed the sudden shift from learning at school to virtual learning with 172 scholars in attendance. Scholars participated in daily zoom calls for both reading and math as well as completed math and reading practice through online platforms.

$1.6Mprogram expense
02

Increased number of after-school activities. Before closure, we were able to offer: boy scouts, girl scouts, chess club, soccer club, robotics club, dance, and martial arts. Approximately 35% of the student body participated in these activities.

Pt IX · col B
03

Retained 88% of our scholars from the 19-20 school year to the 20-21 school year, which is an increase of 10% from the year prior.

Pt IX · 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
Total grants receivedfrom 5 funders$735K
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Other incomeLn 4–11$23K
Investment incomeLn 3$2K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.6M
Managementcol C$512K
Owns and owesPt X
$633K
net assets · Ln 32
Cash and savingsLn 1–2$602K
Total assetsLn 16$865K
LiabilitiesLn 26$232K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.3M
Investment incomeLn 3$2K
Other incomeLn 4–11$23K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$602K
Cash and savings togetherLn 1–2$602K
Land, buildings, equipmentLn 10c$80K
Other assetsLn 15$10K
Total assetsLn 16$865K
LiabilitiesLn 26$232K
Net assetsLn 32$633K
OperationsPt I, VI
EmployeesI 531
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$368K$602K
Land, buildings, equipmentLn 10c$25K$80K
Total assetsLn 16$486K$865K
LiabilitiesLn 26$207K$232K
Net assetsLn 32$279K$633K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$158K$158K
Other salaries and wagesLn 7$777K$582K$195K
Pension plan contributionsLn 8$21K$19K$2K
Other employee benefitsLn 9$74K$60K$14K
Payroll taxesLn 10$73K$50K$23K
Management feesLn 11a$4K$4K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$132K$69K$63K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$234K$202K$32K
Information technologyLn 14$6K$6K
OccupancyLn 16$270K$270K
TravelLn 17$18K$17K$518
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$271K$271K
All other expensesLn 24e$19K$2K$17K
Total functional expensesLn 25$2.1M$1.6M$512K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.5M$6.9M−$328K$1.8M 990 PDF
FY2024 $6.2M$5.7M$502K$2.1M 990 PDF
FY2023 $5.5M$4.9M$604K$1.6M 990 PDF
FY2022 $4.6M$4.2M$370K$1.0M 990 PDF
FY2021 $2.8M$2.8M$32K$665K 990 PDF
FY2020 Viewing $2.4M$2.1M$316K$633K 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 FY2020 990 (6 parts)
Part I · Summary $2,431,795 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,679,510$2,405,939
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $660$2,428
I-11 Other revenuePrior year $18,800$23,428
I-12 Total revenuePrior year $1,698,970$2,431,795
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 $620,618$1,102,767
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $837,871$1,012,658
I-18 Total expensesPrior year $1,458,489$2,115,425
I-19 Revenue less expensesPrior year $240,481$316,370
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,431,795 across 6 lines filed
VIII-1e Government grants$2,338,127
VIII-1f All other contributions, gifts and grants$67,812
VIII-1h Total contributions, gifts and grants$2,405,939
VIII-3 Investment incomeExcluded from tax $2,428$2,428
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,428$23,428
VIII-12 Total revenueRelated to mission $23,428 · Unrelated business $0 · Excluded from tax $2,428$2,431,795
Part IX · Statement of functional expenses $2,115,425 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $157,961$157,961
IX-7 Other salaries and wagesPrograms $582,303 · Management $194,965$777,268
IX-8 Pension plan contributionsPrograms $18,682 · Management $1,820$20,502
IX-9 Other employee benefitsPrograms $59,827 · Management $14,078$73,905
IX-10 Payroll taxesPrograms $50,286 · Management $22,845$73,131
IX-11a Management feesManagement $3,682$3,682
IX-11c Accounting feesPrograms $24,250$24,250
IX-11g Other fees for servicesPrograms $69,353 · Management $62,882$132,235
IX-12 Advertising and promotionManagement $3,981$3,981
IX-13 Office expensesPrograms $202,228 · Management $32,095$234,323
IX-14 Information technologyPrograms $6,255$6,255
IX-16 OccupancyPrograms $270,269$270,269
IX-17 TravelPrograms $17,304 · Management $518$17,822
IX-20 InterestPrograms $3,486$3,486
IX-22 Depreciation, depletion and amortizationPrograms $9,581$9,581
IX-23 InsurancePrograms $16,732$16,732
IX-24 Other expenses (24a–d)Programs $271,031$271,031
IX-24e All other expensesPrograms $2,056 · Management $16,955$19,011
IX-25 Total functional expensesPrograms $1,603,643 · Management $511,782 · Fundraising $0$2,115,425
Part X · Balance sheet $864,694 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $368,372$601,957
X-3 Pledges and grants receivableStart of year $82,451$172,538
X-10c Land, buildings and equipment, netStart of year $24,774$80,199
X-15 Other assetsStart of year $10,000$10,000
X-16 Total assetsStart of year $485,597$864,694
X-17 Accounts payable and accrued expensesStart of year $128,353$156,590
X-19 Deferred revenueStart of year $0$17,928
X-26 Total liabilitiesStart of year $207,051$231,757
X-27 Net assets without donor restrictionsStart of year $278,546$632,937
X-32 Total net assets or fund balancesStart of year $278,546$632,937
X-33 Total liabilities and net assetsStart of year $485,597$864,694
Part XI · Reconciliation of net assets $632,937 net assets at year end
XI-1 Total revenue$2,431,795
XI-2 Total expenses$2,115,425
XI-3 Revenue less expenses$316,370
XI-4 Net assets at start of year$278,546
XI-8 Prior period adjustments$38,021
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$632,937

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

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