Accelerating Circularity INC FY2021 filing
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Transforms textile supply chains to reduce waste and help the environment. For fiscal year 2021 it reported $785K in revenue, $588K in expenses, and $1.5M in net assets.Pt I
Summary of the Filing
Where the work happens
The expenses as reported in part ix were incurred to transform textile supply chains from linear to circular, thereby reducing textile waste and helping the environment.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Karla Magruder’s $225K as President is at the 99th percentile of top reported officer pay among 1981 $100K–1M environment 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Karla Magruder | $225,000 | $150,000 | $150,000 | $157,000 | $142,644 |
| Shelly Gottschamer | $160,000 | — | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 79% | — | — |
| Overhead ratio | 15% | — | — |
| Fundraising cost ratio | 5% | — | — |
| Revenue growth | -53% | — | — |
| Legal fee ratio | 2% | — | — |
| Accounting fee ratio | 1% | — | — |
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.
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