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Nonprofiteer
← CIRCULATE INITIATIVE INC

Form 990 for tax year 2023

Filed by CIRCULATE INITIATIVE INC.

Totals

Total revenue
$1,364,382
Total expenses
$2,004,736
Contributions and grants received
$1,191,806
Grants paid
$88,444
Program services expenses (Part IX)
$1,495,140
Management and general expenses
$507,772
Fundraising expenses
$1,824
Program service expenses (Part III)
$1,495,140

Program services were 74.6% 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
    $155,300
    From this org
    $155,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $155,300
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,300

  • HEATHER CANON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ARIEL MULLER

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KAVITA PRAKASH-MANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KHUNAPONG KHUNARAKSA

    DIRECTOR OF OPERATIONS AND STRATEGY

    Total calculated
    $148,759
    From this org
    $144,300
    From related orgs
    $0
    Other
    $4,459
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443209349301539

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