Encircle Therapy FY2020 filing

Supporting organization Salt Lake City, UT Since 2019 EIN 83-4336091 NTEE T11
Revenue
$293K
FY2020 · Pt VIII · Ln 12
Expenses
$293K
FY2020 · Pt IX · Ln 25
Net assets
$12K
FY2020 · Pt X · Ln 32
To programs
90%
FY2020 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$293K
FY2020
Expenses
$293K
FY2020

Offers mental health support for LGBTQIA+ individuals.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Yes — filed FY2025
Foundation funders?
1 funder — Encircle Family and Youth Resource Center
$1.0M in the latest grant year. Details →
Spent on programs?
90% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Offers mental health support for LGBTQIA+ individuals.

Founded
2019
Type
Supporting organization · Foundations & Grantmakers
Location
Salt Lake City, UT
Website
www.encircletogether.org/therapy
Filings
6 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Net inflow
-0.1%
revenue over expenses, this year
Pass-through gifts
65%
of revenue from contributions
Program spending
90%
of expenses reach stated programs

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$12K
FY2020
Total liabilities
$0
FY2020
Revenue less expensesPt I · Ln 19−$392
Total assetsPt X · Ln 16$12K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CEncircle Therapy
EINHdr · item D83-4336091
Principal addressHdr · item CSalt Lake City, UT
Year of formationHdr · item L2019
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T11)
Ruling yearIRS BMFJan 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Clinical Dir
$156,532Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jared Klundt’s $157K as Clinical Dir is at the 97th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2021FY2020
Jared Klundt$156,813$156,532

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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Mission & Programs · Part III

Where the work happens

1 program service account for $263K of program spending, described in the organization's own filed words · FY2020.
01

Providing mental health services to the lgbtqia+ community.

$263Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$190K · 65%
Program service revenue$103K · 35%
Contributions & grants65%$190K
Program service revenue35%$103K
Total revenueLn 12$293K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$263K
Management & general10%$30K
Total functional expensesLn 25$293K

Balance Sheet

Part X · end of year
CashLn 1$12K
Total assetsLn 16$12K
Total liabilitiesLn 26$0
Total net assetsLn 32$12K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12K · Operating expenses/yr $293K
0.5 months
Where the money goes
Program services
Program services $263K · Total expenses $293K
90%
Management & General
Management & general $30K · Total expenses $293K
10%
Fundraising
Fundraising $0 · Total expenses $293K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $190K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $190K · Total revenue $293K
65%
Government reliance
Government grants — · Total revenue $293K
—
Earned-income share
Program service revenue $103K · Total revenue $293K
35%
Investment reliance
Investment income $0 · Total revenue $293K
0%
Program self-sufficiency
Program service revenue $103K · Total expenses $293K
35%
Growth & trend
Revenue growth (YoY)
This year $293K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $12K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $293K · Expenses $293K
-0.1%
Liabilities-to-Assets
Total liabilities — · Total assets $12K
—
Net-asset ratio
Net assets $12K · Total assets $12K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jared Klundt · Reported title CLINICAL DIR · Highest reported compensation $157K · Total expenses $293K
53%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $258K · Total expenses $293K
88%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 10%——
Fundraising cost ratio 0%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$1.0M

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$969K revenue · ⤓ 990 PDF
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$587K revenue · ⤓ 990 PDF
FY2021$559K revenue · ⤓ 990 PDF
FY2020$293K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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