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Nonprofiteer
← CIRCULATE INITIATIVE INC

Form 990 for tax year 2025

Filed by CIRCULATE INITIATIVE INC.

Totals

Total revenue
$2,074,086
Total expenses
$2,512,766
Contributions and grants received
$1,711,987
Grants paid
$106,476
Program services expenses (Part IX)
$2,298,122
Management and general expenses
$197,103
Fundraising expenses
$17,541
Program service expenses (Part III)
$2,298,122

Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ROBERT KAPLAN

    BOARD MEMBER/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • MICHAEL SADOWSKI

    EXEC DIRECTOR AND BOARD MEMBER

    Total calculated
    $162,950
    From this org
    $162,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $162,950
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $162,950
  • HEATHER CANON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • CHEVER VOLTMER

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • KAVITA PRAKASH-MANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • KHUNAPONG KHUNARAKSA

    SR. DIRECTOR, FINANCE & OPS

    Total calculated
    $182,241
    From this org
    $177,209
    From related orgs
    $0
    Other
    $5,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,209
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,032
    Filer's total
    $182,241

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202632089349300958

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