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Nonprofiteer
← CIRCULATE LLC

Form 990 for tax year 2023

Filed by CIRCULATE LLC.

Totals

Total revenue
$1,200,455
Total expenses
$567,376
Contributions and grants received
$1,200,000
Grants paid
$0
Program service revenue
$0
Investment income
$455
Other revenue
$0
Total assets, end of year
$713,696
Total liabilities, end of year
$80,617
Net assets or fund balances, end of year
$633,079
Program services expenses (Part IX)
$453,901
Management and general expenses
$113,475
Fundraising expenses
$0
Program service expenses (Part III)
$453,901

Program services were 80.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,200,000

  • 3 · Investment income

    total $455 · excluded $455

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $195,862 · program services $156,690 · management and general $39,172

  • 11b · Fees: legal

    total $58,985 · program services $47,188 · management and general $11,797

  • 14 · Information technology

    total $293,243 · program services $234,594 · management and general $58,649

  • 23 · Insurance

    total $19,246 · program services $15,397 · management and general $3,849

  • 24a · Other expenses: BANK CHARGES

    total $40 · program services $32 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $693,696

  • 2 · Savings and temporary cash investments

    end of year $20,000

  • 17 · Accounts payable and accrued expenses

    end of year $80,617

  • 27 · Net assets without donor restrictions

    end of year $633,079

Mission and programs · 2023

Mission

OUR MISSION IS TO EMPOWER AND EDUCATE BLOOD OPERATORS, COMMUNITY PARTNERS AND GOVERNMENT STAKEHOLDERS THROUGH THE COLLECTION, REPORTING, AND ANALYSIS OF TIMELY AND ACCURATE BLOOD INVENTORY DATA.

Activities or mission (Part I)

SEE SCHEDULE O.OUR MISSION IS TO EMPOWER AND EDUCATE BLOOD OPERATORS, COMMUNITY PARTNERS AND GOVERNMENT STAKEHOLDERS THROUGH THE COLLECTION, REPORTING, AND ANALYSIS OF TIMELY AND ACCURATE BLOOD INVENTORY DATA.

  • CIRCULATE'S MISSION IS TO EMPOWER AND EDUCATE BLOOD COLLECTORS, COMMUNITY PARTNERS AND GOVERNMENT STAKEHOLDERS THROUGH THE COLLECTION, REPORTING, AND ANALYSIS OF TIMELY AND ACCURATE AGGREGATE BLOOD CENTER DATA, IN ORDER TO IMPROVE PUBLIC AWARENESS, OPERATIONAL DECISION-MAKING, AND PATIENT ADVOCACY.

    Expenses $453,901

As filed on the 2023 return.

Listed in Part VII

  • John Mass

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eric Eaton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Martin Grable

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Hutch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eduardo Nunes

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $195,862
    From this org
    $195,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $195,862
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $195,862

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. 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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
ALL EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD. COMPENSATION AMOUNTS ARE DETERMINED BASED ON INDEPENDENT SURVEYS AND COMPARABLE DATA TO ORGANIZATIONS OUR SIZE FOR NON-PROFITS, OTHER BLOOD CENTERS, AND GENERAL INDUSTRY.

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
2023
Filed
22 January 2025
IRS schema version
2023v6.0
Source object
202530259349300503

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