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CIRCULATE INITIATIVE INC

EIN 83-4505154 NEW YORK, NY

Browse the largest nonprofits in New York

Revenue 2025
$2,074,086
Expenses 2025
$2,512,766

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

As filed

Subsection
03
NTEE code
C01
Classification
1200
Street
60 E 42ND ST STE 3130

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 3130). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

Mission

THE ORGANIZATION'S PURPOSE IS TO TARGET THE REDUCTION OF OCEAN PLASTICS AND RELATED ENVIRONMENTAL POLLUTION AND COMBATING ENVIRONMENTAL DETERIORATION BY CONDUCTING ACTIVITY IN EMERGING MARKETS IN FURTHERANCE OF THE SOCIAL AND ENVIRONMENTAL IMPACTS OF REDUCING THE AMOUNT OF PLASTIC ENTERING THE ENVIRONMENT AND CREATING ECONOMIC VALUE FOR MARGINALIZED LOCAL COMMUNITIES.

  • END PLASTIC POLLUTION WHILE BUILDING CIRCULAR EQUITABLE ECONOMIES: PROVIDE DECISION MAKERS, INVESTORS, AND BUSINESSES WITH THE KNOWLEDGE, INSPIRATION, NETWORKS AND RESOURCES TO DEVELOP AND SUPPORT PROGRAMS THAT INCENTIVIZE PLASTIC WASTE REDUCTION AND ENABLE INCLUSIVE CIRCULAR ECONOMIES.

    Expenses $2,298,122 · Grants $106,476

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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, 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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $2,074,086
    Expenses
    $2,512,766
    Contributions
    $1,711,987
    Grants paid
    $106,476
  • 2024
    Revenue
    $1,974,077
    Expenses
    $2,510,477
    Contributions
    $1,738,577
    Grants paid
    $274,267
  • 2023
    Revenue
    $1,364,382
    Expenses
    $2,004,736
    Contributions
    $1,191,806
    Grants paid
    $88,444
  • 2022
    Revenue
    $4,096,428
    Expenses
    $3,951,480
    Contributions
    $4,090,780
    Grants paid
    $109,900

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $3,893,164
    Expenses
    $3,958,123
    Assets (EOY)
    $3,225,449
  • 2020 · 990

    Revenue
    $3,202,863
    Expenses
    $4,000,724
    Assets (EOY)
    $3,395,567
  • 2019 · 990

    Revenue
    $6,540,474
    Expenses
    $1,616,964
    Assets (EOY)
    $4,984,810

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

Where these grants went next →

Grants received

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2025 return

  • CIRCULATE CAPITAL LLC

    N/A · NY

Related corporations and trusts on its 2025 return

  • CIRCULATE CAPITAL MANAGEMENT PTE LTD

    C · MANAGEMENT SERVICES · SN

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.