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Blue Circle Charitable Foundation INC

Tax-deductible

Boston, MA501(c)(3)Since 2024Health CareEIN 99-3225683

To improve the lives of those living with type 1 diabetes (t1d), ensuring they have access to the prescriptions and supplies they need to thrive. Through advocacy, education, and financial assistance, we are committed to breaking down barriers and empowering people to live healthier, fuller lives.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$39K
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42.9M
Spent
$495K
To programs
59%
Net assets
$42.8M

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CBlue Circle Charitable Foundation INC
EINHdr · item D99-3225683
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 2025
Year of formationHdr · item L2024
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBoston, MA
NTEE classificationIRS BMFHealth Care (E60)
WebsiteHdr · item Jwww.bluecirclefoundation.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.20 Fundraising $0.21
Program services59%$292K
Management & general20%$100K
Fundraising21%$103K
Total functional expensesLn 25$495K

Financial health

Is it on solid ground?

Net inflow
+99%
revenue over expenses, this year
Pass-through gifts
100%
of revenue from contributions
Program spending
59%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue less expensesPt I · Ln 19$42.4M
Total assetsPt X · Ln 16$42.8M
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$434K
Total assetsLn 16$42.8M
Total liabilitiesLn 26$39K
Total net assetsLn 32$42.8M
Months of cash on handcomputed10.5

Statement of Revenue

Part VIII
Contributions & grants100%$42.9M
Investment income$24
Total revenueLn 12$42.9M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $434K · Operating expenses/yr $495K
10.5 months
Where the money goes
Program services
Program services $292K · Total expenses $495K
59%
Management & General
Management & general $100K · Total expenses $495K
20%
Fundraising
Fundraising $103K · Total expenses $495K
21%
Cost to raise $1
Fundraising expense $103K · Solicited contributions $42.9M
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $42.9M · Total revenue $42.9M
100%
Government reliance
Government grants — · Total revenue $42.9M
—
Earned-income share
Program service revenue $0 · Total revenue $42.9M
0%
Investment reliance
Investment income $24 · Total revenue $42.9M
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $495K
0%
Growth & trend
Revenue growth (YoY)
This year $42.9M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $42.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $42.9M · Expenses $495K
+99%
Liabilities-to-Assets
Total liabilities — · Total assets $42.8M
—
Net-asset ratio
Net assets $42.8M · Total assets $42.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $42.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dr Leonard D'Avolio · Reported title DIRECTOR, CHIEF EXECUTIVE OFFICER · Highest reported compensation $0 · Total expenses $495K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $212K · Total expenses $495K
43%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 59%——
Overhead ratio 20%——
Fundraising cost ratio 0.2%——
Legal fee ratio 10%——
Accounting fee ratio 0.2%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Dr Leonard D'Avolio
Director, Chief Executive Officer
$0Pt VII · Sec A
Dr Scott Kahn
Director, Chairman (until 1/2025)
$0Pt VII · Sec A
Dr Georgia Agiostratidou
Director, Secretary
$0Pt VII · Sec A
Bruce Braughton
Director, Cfo; Chairman (from 1/2025)
$0Pt VII · Sec A
Dr Sean Oser
Director
$0Pt VII · Sec A
Robin Jensen
Chief Operating Officer
$0Pt VII · Sec A
Linda Pilla ESQ.
Chief Compliance and Privacy Officer
$0Pt VII · Sec A
Benjamin Thomas
Chief Information Security Officer
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides prescriptions and supplies for people living with Type 1 Diabetes.

Provided by the organization

This section is blank until Blue Circle Charitable Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $292K of program spending, described in the organization's own filed words · FY2024.
01

Blue circle foundation raises funds and provides a prescription assistance program to provide both direct and indirect financial support to patients of the supported organization who are living at or below approximately three hundred percent of the federal poverty level.

$292Kprogram expense

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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
Blue Circle Health INCFY2024$500K
Total grants receivedfrom 1 funder$500K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $42.9M$495K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $494,649 across 9 lines filed
IX-7 Other salaries and wagesPrograms $47,937 · Management $58,969 · Fundraising $69,026$175,932
IX-9 Other employee benefitsPrograms $9,741 · Management $11,983 · Fundraising $14,027$35,751
IX-11b Legal feesPrograms $1,639 · Management $13,112 · Fundraising $2,310$17,061
IX-11c Accounting feesManagement $8,580$8,580
IX-11g Other fees for servicesPrograms $19,076 · Fundraising $11,444$30,520
IX-13 Office expensesPrograms $1,196 · Management $1,900 · Fundraising $198$3,294
IX-14 Information technologyPrograms $4,110 · Management $5,056 · Fundraising $5,918$15,084
IX-22 Depreciation, depletion and amortizationPrograms $18,317$18,317
IX-24 Other expenses (24a–d)Programs $190,110$190,110
IX-25 Total functional expensesPrograms $292,126 · Management $99,600 · Fundraising $102,923$494,649

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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