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Nonprofiteer
← CIRCLE VENTURE

Form 990 for tax year 2024

Filed by CIRCLE VENTURE.

Totals

Total revenue
$1,356,577
Total expenses
$1,318,017
Contributions and grants received
$13,997
Grants paid
$458,678
Program service revenue
$1,341,700
Investment income
$880
Other revenue
$0
Total assets, end of year
$1,123,533
Total liabilities, end of year
$4,562
Net assets or fund balances, end of year
$1,118,971
Program services expenses (Part IX)
$1,318,017
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,318,017

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $13,997

  • 2a · Program service revenue: Program Revenue

    total $1,335,373 · related or exempt $1,335,373

  • 2b · Program service revenue: Salvage

    total $6,327 · related or exempt $6,327

  • 3 · Investment income

    total $880 · related or exempt $880

  • 8a · Fundraising events: contributions included on line 1c

    $13,997

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $458,678 · program services $458,678

  • 7 · Other salaries and wages

    total $566,971 · program services $566,971

  • 10 · Payroll taxes

    total $100,886 · program services $100,886

  • 11c · Fees: accounting

    total $4,275 · program services $4,275

  • 13 · Office expenses

    total $254 · program services $254

  • 16 · Occupancy

    total $60,935 · program services $60,935

  • 20 · Interest

    total $10,354 · program services $10,354

  • 22 · Depreciation, depletion and amortization

    total $18,864 · program services $18,864

  • 23 · Insurance

    total $19,636 · program services $19,636

  • 24a · Other expenses: Credit card and bank charges

    total $25,835 · program services $25,835

  • 24b · Other expenses: Discounts

    total $25,847 · program services $25,847

  • 24c · Other expenses: Store Equipment and expenses

    total $21,235 · program services $21,235

  • 24d · Other expenses: Auto and truck expenses

    total $4,247 · program services $4,247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,159,031 · end of year $312,326

  • 9 · Prepaid expenses and deferred charges

    end of year $108,819

  • 10a · Land, buildings and equipment: cost or other basis

    $717,042

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,654

  • 10c · Land, buildings and equipment, net

    beginning of year $1,421,152 · end of year $702,388

  • 17 · Accounts payable and accrued expenses

    beginning of year $421 · end of year $4,562

  • 24 · Unsecured notes and loans payable

    beginning of year $1,499,351

  • 27 · Net assets without donor restrictions

    beginning of year $1,080,411 · end of year $1,118,971

Mission and programs · 2024

Mission

Please see attached

  • A. Circle Thrift - Operate a thrift store that sells used clothing and household goods that were donated to the organization. Provided clothing and household goods to hundreds of families in the community of Fishtown/East Kensington in Philadelphia at below market value. Provided job retail training to several underemployed adults. Provides grants to local organizations.

    Expenses $1,318,017

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Martha Grace

    Highest Compensated Employee

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Caz Tod

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Grace Handy

    Vice-Chair

    Total calculated
    $0
    Hours/week
    5

  • Amber Miller

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Lorna Keuhl

    Treasurer

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
1 March 2025
IRS schema version
2024v5.0
Source object
202530669349301208

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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